| Show f I iNSIDE INSIDE 4 STUFF 1 F tr r Dr By RAUL l I II I 1 WASHINGTON May 10 Sloe P market touts started passing around the tip 10 days ago that the market marke was soon to begin a major downward movement 1 AU the ot of the best bes I ValI how hous s wired their clients advising the sale or of stocks and trans ier ot of the mone money into high grade grath bonds The tips were not confined Ica to Ic toa a select c circle i r c. c Tipsters Pass Nearly everyone Out Word of anywhere near the thi Mart lar Slump inside had them Only two deduc possibly be that thai tact fact Either the Wall streeters in uni un Jon Ion simultaneously discovered d da daI I laws flaws in the business busine i or else they got their heads toge and decided for tor political reasons their own to sing the Wall street blue in a chorus S Certain nonpartisan economic ex cx t pens have been running around Washington the last few ew da days s 's trying to find out what flaws exist in the tho thol businesS situation l I The They have discovered these things Inventories are arc large in some lines the 60 per cent steel production is somewhat abnormal being based on the desire of all steel consumers to toI I tock stock up before beCore the price increase July 1 a few orders for automobiles have been canceled They have not been able to who will say that such discoveries are sufficient just justification for the sag s-ag ot of the market Es Especially ciany the thre proposed amend amend- in vIew ot or Ii ments to the securities act the tact fact that Industrial production continues to increase and th fact that the wages and employment situ are improving although not nearly as much as expected t. t The saner Republicans here lean toward the idea or of making Ralph Wil Wil- hams Iiams a stopgap chairman of the national na na- after the congressional con con- gressional election Republicans Republican The They ate w wise e eMa Ma May Select to see that Stopgap head they are arc now too far In advance or of orr I r the the presidential election to know I what kind of chairman they want They will probably prevail at the Chicago Chi Chi- cago meeting or of the committee next month t The Republican problem as viewed from the inside is to win back the west The They cannot win a presidential election or control ot of congress without with with- out the farm belt The Democrats have j the south and will keep it The east i may go go Republican but that will not hp h. for mr R victory un un- 5 ss e-ss- f rm st tie themselves again ain to the G. G O. O P P. P elephants elephant's tail As one of the big fellows tello said the theother theother other da day If Senator Borah were 10 years ears youn younger er h he would be the man t for r the chairmanship As it is he will have tobe to tobe be consulted and pleased The me west must be foremost in an any reorganization now or later a a a This line of inside talk has brought out only a few nam names s of western pos pos- for the chairmanship Ex Ex- governor Kohler of Wisconsin is one Senator Nye Nyc another Neither fits per Into the picture Kohler would be a red flag to the progressive bulls I Nc n will be h held d ld agins against him ilm All in n all the best thing obviously wait with Wit Vil 4 is to wait and they can 1 liams a a a aIt 1 It was Mr Roosevelt himself who wrote the She language into the Johnson bill declaring that token payments on onI war debts Mr Roosevelt ter would be taboo Wrote Token The tact fact did not I rout IUn Himself get out at the time that a draft or of the Johnson bill was sent to Mr Roo RooSe e. e velt for his personal inspection With t. t his own pen he added the language e or any part thereof desCribing d d dl butters as those who default on any l part of their debt to the Uni United cd ll P States S S The boys who should know say that t- t Mr Hoover has no candidate tor br the J. J chaIrmanship ot of the Republican nar naI na na- I r tonal committee IS ISI e r I I Clarence Darrow sent Mr Roose Roose- two letters letter along with his scorch scorch- i f in lug report on N R A policies One letter demanded the resignation of Mr Ir Sinclair who who- l to sIgn the Darrow report and the other asked pointedly whether Darrow Danow should make his scorcher pUblic or orI wOuld do It iL whether r the president I a a I James Warburg'S new book The Money Muddle ha has greatly annoyed the new dealers They consIder it ira ira- plies that the White House did not know what it was doing bout about the money question As As' the th I first 0 a very mUd mild one of the Lo conference by one of i i dents dent's advisers there it will probably r cause a political rumpus Copyright Cor The Telegram |
