L. T. .UNOCO OIL BROADCAST - 5/16/S3 Good Evening, Everybody: The big limelight actor of today*s news was the price of commodities, I mean the great staples, sixch 1 er» cotton, wheat, corn, and oats. They were all flying high on the principal markets in the United States. In fact, their rise was even more spectacular than the skyward jump of securities the day before. isp-fse#, Tfhe price of wheat, corn^xh rye and oats reached the * limit of the advance allowed in one dayrs trading. In the case of wheat the limit is five cents a bushel, corn three cents, rye four frosgfra, and oats two cents. The wheat pit dJt the Chicago Board of Trade was a scene of wild enthusiasm. -*-t was equalled only on the cotton exchanges of New York and New Orleans, ^ing Cotton provided a, real sensation. The price went up two dollars and a half a bale. Coffee, sugar, and rubber also took a big leap. > LEAD •- 2 As for securities on the Stock Exchange, they behaved is. more sober fashion so far as prices were concerned, but the volume of trading was even heavier than yesterday's. By noon $ "i today almost two million shares had been bought and sold in New York, and even the new high s#eed tickers were sometimes as much as eight minutes late. The price of bonds likewise went UpJ solidly ECONOMY President Roosevelt has gained another decisive victory. TheEconomy Bill which the Senate passed last night with a f evv ainor amendinents went to the House tod ay ^ and the Representatives passed it in time jby a vote of* three hundred and seventy-four to nineteen. Just nineteen lone|lorn representatives voted against the president. The House accepted the amendments made by the Senate and the Representatives offered none of their own. SeaA It is good to learn that the Senatorial amendments will not seriously obstruct the President’s plan. In fact, the latest estimate is that it makes a difference of only seven million dollarsAin the savings which the President hopes to effect So now the bill awaits only the signature A. Bssfefrifies* to become law. Meanwhile the Senate was considering the beer bill ****! ft-ft recommended by its Finance committee. One of the first things the Senators took up was that wine amendment inserted at the request of Senator MoAdoo of California. This amendment ECONOMY 2 was jammed through by vice-president Garner so quickly that the dry Senators hardly knew what was going on. The Clerk read the amendment and without a second's hesitation the Vice-president rattled off these words: "All-in-favor-say-Iye-all opposed-no.« Mr. Garner said it so quickly that less than half a dozen Senators were quick enough to vote on either side. Then the Vice-president ruled as follows: nThe ayes have it, and the amendment is agreed to It was all done with such speed that the galleries burst Into roars of laughter. But the dry senators had their say. Morris Sheppard of Texas, had his desk stacked high with thick volumes. He and Mr. Borah of Idaho were the principal antagonists of the beer bill, Mr. Sheppard declaring it to be a desperate and tragic form of ^ r^juJtL ' T- ^xu^_ r^o ^Z^T1 ^ l^^e^Z^Z' ~i£r^^ 2 -^i^^JdL, ‘±S~0 Cv^vX j2<fw«|_ /xe^X^ --- 2 , £ ' !° jz i—-crvvsf “ cffZMZ l . fi -A f J^^^vvNwe-X'v<a. vXXc^ v^ vOtT~ vy^suz-JLij,. nT^e-*^. a &l+*ZZjL “tXe. 1 a 1**,.^3L- a J^/~ l Z. /{ j 2/\Z i 2 t\hcC<)Cfc Z j BL ! — ' >i ~Pt*-A%r l'<^ f-*t&., T2^i“ jz^p JZtA^aO. -tti^f e-*vyjuhn r^xlx^ Z> l£* .^i'/,n^vj,A^*' \*y~e^c+i^ p^rXc^ ^ aji ^2M. $ ^&Jie ■£* i*Jz “fe ' “ Tt^X U q ^ KtfVt/ i\a^ wiLt^Xy j C o ***?. _ ^ , t G. ^ t? ~ -4-e&^ ArM*~sY\ i^f :>y ' ■:■ - - '^. _ V -X. n^- wv^- irX? 4 l t^. I &'to\srv^j$xjz C^W ~"V*<^v~P'rs+/\lS' ( U_i •^.-to-t&P S^c- ^fW^-. ECONOMY - S The schedule of the Democrati leaders A is to clear up all the special legislation wanted by the President this week, te itxisxha^Ed They hope to aKEke^ night. The situation as it stands n&xc- is that the banking and economy bills have been disposed of. Senator Harrison of Mississippi declares that the beer bill will be passed by the Senate tomorrow, if not tonight. Of course, the wine amendment will make it necessary for the beer measure to be reconsidered by the house, but that's not expected to take long. When this is accomplished the measures for farm and unemployment relief will be rushed through. WAR That war scare in Europe seems to be assuming serious proportions. Hitherto the oft repeated and stereotyped phrase "Europe is again one big armed camp" was attributed merely to alarmists. But quite sober observers report that the rumors of In fact, some confirmation of all this came today from Prime Minister Ramsay MacDonald of Great Britain. He made a speech to the Arms Conference at Geneva. At one point, looking at the German delegate, he used these words: "Recent events and speeches have not been a help either to your task or to mine." He told the delegates further that the present methods of avoiding war are obviously played out. It is necessary^=Ja<»=ti€LS.lwvto take what he called bold and daring steps.j And v/ith all this he presented Great Britain’s new plan for reduction of armaments. He asked for a conference of all vwvd war are on many tongues. A He furthermore asks that all the countries consent to a naval holiday, that is, a holiday on the WAR 2 construction of all capital ships until 1935. Also J2an*zJ\ M-aai.t'.aAicttjiitt tho- size of cannon. As for Germany, he said^. she was entitled to freedom and justice, sides. But, tsuJiJLe-J) he concessions must be made on both *Lt is now generally recognized that Mr. MacDonaldfs forthcoming visit to Premier Mussolini is on account of this war anxiety. are There/acKKK three danger spots in Europe, say the diplomats. One is that Polish corridor of which we have heard so much, the Franco-German frontier, and the everlasting inescapable problem in the Balkanx. Europe,wax so they say, is splitting into two factions, France and her allies/against Germany and her Allies. John Bull would like to remain neutral, but is terrifically afraid that if isfc does break out he v/on*t be able to keep out. A The situation across the seas today is that everybody WAR - 3 fears war but on the other hand nobody really'wants it. Events in Manchuria had curious repercussions. The PacifistsAthought that with the League of Nations and the Pact of Paris, otherwise known as the Kellogg Pact, we had erected machinery to i outlaw war. But the unimpeded seizure of Manchuria by Japan has shown the weakness of all such instruments I have just had a considerable thrill. To me s I Professor Einstein has always been a legendary figure — a man on another planet. But last night I met him at tksg dinner, and again today at a reception in his honor at the Waldorf-Astoria. One of the things he said to me had a particular bearing on this pi’esent war scare. The prevailing disease, throughout the world just now, declared the great mathematician, is exaggerated National­ ism. And he added;- "This nationalism is a grave danger for all western civilization. Behind it are powers hostile to life itself. To combat it is the inescapable duty of every well-intentioned and 1 % i j intelligent person of our time." The wizard of relativity fame said that for the time I 1 being he is going to keep out of Chancellor Hitler1s Germany. Said he: nI shall not put foot on German soil so long as present conditions continue." ITALY Oh yeSy and vie learn from the ^rogresso that in Rome they are making great preparations for the reception ©f Premier MacDonald and his Foreign Secretary. Newspapers in Rome are laying great stress on the importance of the visit of the British statesman. They admit that its purpose is to clear the European atmosphere. In R FILIPINO One et feet of the Japanese occupation of Manchuria has already been felt in one of Uncle Sam*s possessions. When the Japs took over Manchuria, under the fiction of erecting a new state of M xbkhx Manchukuo, they invited thousands of Japanese farmers in plaeeyto come to Manchuria. Many of them who K had settled in the Philippine Islands accepted their governments invitation. In consequence thousands of Sh±±±x 01ipinos who had migrated to the United States are returning to their home country to take the places left vacant by the roturai-ng Jap«^A«-^.. i ELIXIR Many people xx as well as the famous Ponce de Leon have gone hunting for the Elixir of youth. In the city of Cleveland there s a man who claims to have found it, not only to have found it but to have used it. This young man is a hundred and five years old, what!s more, he has a birth certificate to prove it. And he attributes it to a drink, an Elixir, the ingredients of which are known only to his family. He says the recipe has been handed down from generation to generation. It is made of the extracts of roots, herbs and tree bark, all mixed up in an alcoholic solution. 1^3 cfar 3 • a* % And this concoction he drinks every spring, and has done so ever since he v/as a boy in London. This young centenarian claims to have called in a doctor only once in all his life. He follows no diet- rules, eats anything he 7 /ants, and with most of his original t£eth. What* s more, he can read without spectacles. Furthermore, he says his grandmother died at the age of a hundred and twelve. His grandfather was killed in a v»agon accident when he was a hundred and nine, and his mother died at the age of a hundred and five of whooping cough. * __ _ 0 4— flgfl That must be quite an Elixir. fov PRISONER A curious story comes from Boston. A young man, twenty- three years old, was tried for stealing eleven dollars worth of groceries. He pleaded guilty, whereupon the Judge asked him what punishment he thought he ought to have. So he replied: "Well, Your Honor, I would not want to go unpunished for this break, ixkauatxxxx X think six months will about do it.n Afewhlfifr. the Judge g±asad3£~ him three, months— teeth During the crisis last week the shortage of gold had one unexpected effect and that was on the teeth, ulany dentists reported that they were unable to get enough gold to do their mouth plumbing. 'tjidX Well, in future gold^may become out of fashion. Belgian engineers have perfected an invention by which false teeth may be made of welded steel. The idea originated in Germany because of the shortage of gold during the war. Dr. E. E. Free, in the Week*s Science, tells us that the great steel firm of Krupp experimented with both i! teeth and plates made of non-rusting steel. But the experiments in Germany v^ere not quite satisfactory because at the time there was difficulty in fastening the various parts of a steel plate or bridge together. The chief obstacle was that rustless steela could not be soldered as gold or platinum. the new Belgian invention makes it possible to do electric welding right on the spot, so that any shape you want Of a plate, bridge, or tooth ^ dentist's office. And we can't gp^body ‘AiJbiAr AM,, TEETH "the crisis last week the shortage of* gold had. one unexpected effect and that was on the teeth. Many dentists reported that they were unable to get enough gold to do their mouth plumbing. Well, in future gold^may become out of fashion. Belgian engineers have perfected an invention by which false teeth may be made of welded steel. The idea originated in Germany because of the shortage of gold during the war. hr. E, Free, in the Week*s Science, tells us that the great sieel firm of Krupp experimented with both 3 b teeth and plates made of non-rusting steel. But the experiments in Germany were not quite satisfactory because at the time there was difficulty in fastening the various parts of a steel plate or bridge together. The chief obstacle -was that rustless steela could not be soldered as gold or platinum. the new Belgian invention makes it possible to do electric welding right on the spot, so that Any shape you want of a plate, bridge, or tooth construction can be done right in the dentist's office. And we can't B4*^body who^ aheaPey- EARTHQUAKE Letters are beginning to reach the east from people who suffered by those three days of earthquake in Southern California. A gentleman in Philadelphia received a Rpfrfrrn*. from his 'wife in which a - < she said: nThey (presumably the authorities) are not letting out half the news. Downtown Losi Angeles", this lady, "is so A A, devastated that all sightseers are barred. Calls for food, clothing, and bedding and other supplies are being broadcast over the radio every half hour." that^it was a frightful experience. The house rocked and trembled, the lights swayed and then went out. The sky was sultry and foreboding, 'fhen all of a sudden a terrible noise started, sounding adjacent towns are in ruins and that the newspaper accounts rj much underestimated the disaster. This earthquake sufferer goes on to tell her husband as though a thousand trucks came Rearing through the house. Many people", she mM*, "died of fright. The shocks kept on all Friday . I III IH’—miMlilllWIII SUMIv^R t.HITE HOUSE ) a \ ^ r? Tfc^. |/\) tw\X -Quje l^t^i 'gj2-as\ ^ In the Poughkeepsie Eagle-Mews today I discovered that President Roosevelt is going to use his beautiful home on the Hudson, just outside Poughkeepsie, at Hyde Park, fra th#- Bummo r- Vi hit c Houec+n A party of U. S. Army aviators have just been, looking over the locality, and the Eagle-Mews remarks that 1 o ek 3—a-a..t h o uy» a regular airplane service is going to be run between Washington, D. C., and th^tamrtssL. white SSm± House^ w.hen the hot weather sets in. Plans will bring the mail from Washington A to the President, also officials and others who come to Dutchess County to sacoEg confer with ENDING I was much struck by an especially fine editorial v^ritten by George Adams, editor of the Minneapolis Star. It is headed "Back the President.n mnd the subhead is in large capital letters! "Buy Now!" And here’s the text of that editorial which is on the front page of the Minneapolis Star today and is being reprinted in several other newspapers throughout the country: President Roosevelt is leading the fight for prosperity His leadership has electrified the country. Help him open the factories, provide a market for crops, put people back to work. Buy now! This is the time when every dollar spent for clothes, ft'i furniture, entertainment, automobiles, commodities of every kind, is a bullet in the battle against depression. Prices are at rock bottom. All authorities predict rising prices from now on. Help the president, help yourself, help the country. ii r ENDING - 2 Well, that*s not a bad idea - "Buy Now!" .but for me, the time has come to say goodbye now. •so. SO LONG UNTIL TOMORROW. I f > s