STOCKS 'fadL., bejfj £ff; /f&@. 1 Titles iiave ciicin^Gd ior stocji brokers, Tb.e cLvera^e citizen of the U• £• A• no ion^er puts his inorxey in either stocks or. bonds, The authority 1 or this is a member of the Securities and Exchange Commission, Raymond k. Goldschmidt, fte made a speech about it in Detroit today before the American Statistical Association, and one thing he said was: f,The buying of securities by individuals has almost stopped entirely. However, that doesn’t mean that Mr. average citizen has quit saving his money. He is just putting it into different places, principally insurance, cash or bank accounts. And all this doesn’t mean that stocks and oonds are not oeing bought That still goes on; they’re just being absorbed by financial institutions instead of individuals RELIEF One of the feaggeafe headaches for the next Congress is be the^question of relief. ~rmT--xa^charges that Alew Deal officials have been using relief funds to swing elections. As 'we heard last ?/eek, theShepard Committee of Senators, the Committee on Campaign Expenditures, is going to have harsh things to say about the activities of TC.P.A. officials before the election. President Roosevelt has already prepared a backfire to that report, he has a new plan for administering relief. have both relief and V.’.P.A. jobs handed out by non-partisan boards in every county throughout the United States. PILOTS One project of President Roosevelt's will most probably have an easy time passing through Congress. That's the plan he announced yesterday for training twenty thousand young men as airplane pilots. It wag approved today by an important senator, Morris Sheppard of Texas, Chairman of the Committee on Military Affairs. Said he: "I'm all for the program^We've got to cultivate aviation amongst civilians as well as in the army and navy." BETHLEHEM The National Labor Relations Board is due for a head-on collision with a big corporation, the Bethlehem Steel Company. For twenty years Bethlehem has had a collective bargaining system called an employee representation plan. The Labor Relations Board has been looking into it and is going to rule that it should be dissolved. Bethlehem wonTt do it without a fight. Said its President, Eugene Grace: T,This case -was instigated by the C.I.G. It r presents the latest phase of the C.I.O.— attempt to force upon our employees an organization which they do not want. With us the desires of our employees are controlling.n And he added: f’They have continuously shov.n their desire that the present organization be continued •!1 Grace made a further charge that 'the examiner of the Labor Relations Board who investigated their plan, n^a "di^reg^rdai what the plan had accomplished during the twenty years it has been in operation." And said Grace: "Apparently the wishes of * r our employees are without significance to one hundred per cent of our em, y the examiner." It’s a Ear cry to Nineteen Forty and the conventions. to say nothing of the elections. But ^already lists of possible Republican candidates for President are in the air. The first list comes from Senator Arthur Capper of Kansas. He mentions five names:- Senator Vandenberg of Michigan, young Senator Henry Cabot Lodge of Massachusetts, young Senator-Elect Robert Taft of Ohio, likewise Representative Bruce Barton and District Attorney Thomas E, Dev*ey, both of New YorkJ) The Kansas Senator beams with optimism. Says he: nAny one of those five could be elected president." EUROPE Tilt news from Europe centers around the ?ranco-Italian turmoil. If a rumor from London is true, it v;ill end in a victory for Captain fin ~y'^df£ A reinstatement as uoiin Bull's Foreign Secretary. There have been more ciiiOi more inc iciitions to 'this effect within the fast few weehs. af > irkwxiy After his visit to the United States, it was believed that he might reenter the Cabinet in a different capacity, perhaps as one of the ministers of defense. But the outbreak of the Franco-Italian argument points to his returning to the Foreign Office. There seems to be a strong belief in official circles that Prime Minister Chamberlain will not accomplish much on his visit to lussolini newt week. It was announced from Rome today that Mussolini would a.s Chamberlain to mediate his arguments with the Frenchmen. More precisely, he will ask the Englishman to use his good offices to • fvn four ooints. One, autonomy persuade France to make concession^ on ■ - i-• two permission for Italians for the Italians in french Tunrsx., two. P _ . .a and buy land there; three, to hand to emigrate freely to ..uni^ over part of Pjitouti to Italy and sell Italy the EUROPE - 2 railroad to Addis Ababaj four, to £ive the a ” “* or "* "“y* \ In London it is said that Chanberlain will keep his hands off that argument entirely. But that's unofficial, not confirmed. At the Qua! d'Orsay it has already been announced that Premier Daladier will conduct his negotiations with Italy direct and without asking the permission or advice of Downing Street. The word from Paris today is that Daladier will make no concessions whatsoever in Tunisia, But there is a hint that they may give the Italians a break at Djibouti, if they behave nicely about it, give Mussolini the use of the port and the railway. They wonft, however, yield an inch to threats. And here1s the latest news about that quarrel. ThereTs to be another meeting of the Big Four, a sequel to the Munich Conference. Hitler, Mussolini, Chamberlain and Cal&cier will get together again, this time to settle all the points at issue between the Italians and the French. This dispatch came in a short while ago from Berlin. If it is true, everybody will , i . forthcoming meeting will have the promptly wonder whether the France be treated i- same results as the Munich Conference. ?. the same way as Czechoslovakia was. ________ FRENCH FIMANGE The French Minister of Flnanee^gave an account of His stewardship to the French Senate. He has only been on the job six weeks but he said that in that t.i ascCS^^^ Six weeks ago, the national economy was at its lowest ebb after seven years of depression. The huge sums of money that the government had been obliged to borrow had produced disastrous have effects. In the last six weeks short term interest ratebeen reduced, French securities have gone up on the market, and capital has ts. begun to flow back into France from foreign countries. - P: ill m ii HE ■ : .'v 1 ! 11 : ill SPAIN In Catalonia, the Rebel armies of General Franco continue to hammer their way ahead. They*re converging in two lines like a huge military pincers crushing the government forces between them The Republicans claim that they have captured Italian prisoners who say that there are four of Mussolini* s divisions in the vanguard of Franco* s advance. The Italians, they say, bore the brunt of the casualties* But here*s a latter dispatch from Spain. According to this, one part of Franco *s attacking armies has been hurled back with great losses, la*This repS the government slde.rf JEWS The Nazis in Germany have thought up a new way of heckling the Jews. They started enforcing a decree which forbids Jewish people to live in the same building with so-called Aryans. All over Berlin Jews are receiving orders to move. At the same time, officials of the Nazi government claim that they have no intention of reestablishing the Ghetto. What they’re going to do is just segregate Jewish people in the least desirable quarters of German cities. They also say it won’t be necessary to take harsh measures to enforce these regulations. For in future Jews won't be able to afford to live anywhere except in the poorest quarters of the cities. UKRAINE In eastern Europe, the question of the Ukraine~2Si*Sw It was th4 subject of a leading article in one of the Moscow newspapers, a weekly published in the French language, generally accepted as the organ of StalinSs Foreign Office. This article contained the statement, "Any attempt of the Fascist intelligence services to .realize their ambitions in the Soviet Ukraine will provoke war and result in a crushing blow against whoever starts it." And it added; "If the governments of western Europe want to be caught by Germany’s latest crude maneuvres it is naturally their own aifair." The Soviet attitude is that there is no such thing as Ukraine problem^ ^ Ukraine *is part of the Soviet Union and they intend it to remain so. CHINA The armies of the Mikado are preparing a fresh attack on the Chinese.tttS®*** This news comes not from the Japanese but from Chinese headquarters. Nipponese troops are being concentrated in huge numbers west of Canton, Apparently, the objective is a drive into the interior of China, possibly in the direction of the border of French-Indo China. far supplies for Chiang Kai-shek* s armies have come through there into China, A battle v^as raging today, another battle of words, between Japanese and Chinese press agents, gHXfckst Say the Japanese: "The Chinese have lost two million men, we’ve lost only fifty thousand," The Chinese retorti "That’s just Japanese propaganda. The Japanese have lost six hundred and fifty thousand, we've had only three hundred thousand killed and some five hundred -ni fifty thousand wounded." And they add that the total Japanese force on the mainland amounts to thirty-one divisions. I SHANGHAI Several months aLo, the steamer PRESIDENT COOLIDGE *as bombed at Shanghai. It v/as discovered that the bombs came not from Japanese but from Chinese war planes. The explanation was that it had been a mistake, very sorry, and all that sort of thing. The immediate consequence was that the American President bine discontinued service to Shanghai. But service is now being resumed. The PRESIDENT PIERCE will sail from San Francisco on December Thirtieth, Shanghai bound. PAN-AM£fiICAfl The Eighth Pan-American Conference is nov, history. An American steamship set sail from Lima today with Secretary Hull and tne United States delegation aboard. Said the Secretary of St&te: ,TIt 'fius a most pleasant experience. However, it is ••a unofficially admitted^that everybody has got to work hard to strengthen tnat hard fought agreement between the twenty-one American nations.” One measure has already been taken to that end. Acting Secretary Sumner V.elles made an interesting announcement at the State Department in Washington today. The United States Maritime Commission has obtained a concession from four steamship companies plying to South American ports. The steamers of these companies will carry certain people at particularly cheap rates, between various points in South America. Students, teachers, professors, etc, will be able to get their passages at half price. The idea of course is to encourage nephews and nieces of Uncle Sam to visit those countries to the soutn of us. mism Our government Is getting ready to follow up the results of the Pan-American Conference at Lima. The Navy Department is going to send three of Uncle Sam's cruisers on a good-will trip to South American ports. The men-o-war on this trip will he the cruisers SAN FRANCISCO, TUSCALOOSA and QUINCY. They will start in April, sail danxliue down the east ^around A back up the west^sic^ WEATHEK Sonie learned people have been telUng us that onr weather was getting warmer. The climate changing slowly but surely, winters less cold than they used to be, summers growing hotter. Today another scientist says it just ainrt so. There has been no change to speak of in the weather and that doesn’t mean Just in the last few years, it means in the last hundred and fifty thousand years. So said Dr. Phleter of Amherst to the Geological Society of America, In case you think we’re having a cold wave, listen to this; there's a second one on its way from Arctic regions, It’s always interesting to learn how the other half of the v.orld freezes. In the United States, some of W coldest spots were in Wisconsin and Minnesota, twenty below. Up in A Alberta, Canada, forty-four below. At International F , Minnesota, the cold was complicated by a large sized fire. Two „ _ ^pctroved, a hundred people driven hotels, two bar rooms, two cafe .,rj temuerature twenty below.*«» out into the streets with the P T^hJ-S has been a sorely disappointing Christmas An the Island of Unalaska. Here it is December the Twenty -Ei|hth_ and y 711 1 iiP i*ri ’.ii 1 irp1 it j Santa Claus hasnTt arrived y^Tfl—msfr«*tea= ^i£ the second largest of the Aleutian Islands^ off the Alaskan peninsula.'1'xtf s tough going for reindeer in those waters and the good St .Nicholas has to come mi shipfeo*F4. A motorship makes the A $ Jt round of th«F» islands, taking mail and supplies to trappers. ^ fishermen and villagers all along that^chain of^islands. Just three days before Christmas thsfe motorship ran aground and there A she has been ever since. She* s in no danger but she won!t be able to get loose until high tide tomorrow. So Christmas Day in the Aleutians will be December Twenty —Ninth* SCIENCE -------- ,„jm ....... ^ \r'A The American Association for the heard a grave warning today. It The gist of it was that all proves that capable individuals will aBJBumixiwxfiwr accumulate fortunes, those who arenTt so .EBS&f&d won't be so well off. A ^ A ind. he added: ^The chief result of so-called social minded Legislation is to stimulate a propogation of the most incapable md in a wide sense the most unfit." He said lurther. "If we ave free rei^n to the dynamic energies of the gifted, energetic nd highly talented, for a hundred years, the result would be sucn idely spread wealth and comfort as the wildest imagination has ever dreamt of.” t % Advancement of Science concerned not science, but money, the numerous schemes for redistributing wealth are unsound and unscientific. This warning came from Carl Snyder, who is chief statistician of the New Y0rk Federal Reserve Banh. He said that whatever schemes are tried out, scientific evidence generally S