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November 07, 1930 - Image 4

Resource type:
The Michigan Daily, 1930-11-07

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- ~ - -- _

Published every morning except Monday
luring the University year by the Board in
Control of Student Publications.
Member of Western Conference Editorial
The Associated Press is exclusively entitled
to the use for republication of all news dis
patches credited to it or not otherwise credited
in thie paper and the local news published
Entered at the postoffice at Ann Arbor.
Michigan, assecond class matter. Special rat(
of postage granted by Third Assistant. Post
master General.
Subscription by carrier, $4.oo; by mail.
Offices: Ann Arbor Press Building. May
hard Street.
Phones: Editorial, 4925; Business, 21214
Telephone 4925
Chairman Editorial Board
City Editor
Frank E. Cooper
News Editor................Gurney Williams
Editorial Director ...........Walter W. Wilds
Sports Editor ................Joseph A. Russell
Women's Editor...........Mary L. Behymej
Music and Drama .........William J. Gorman
Assistant Ci;y Editor.......Harold 0. Warren
Assistant News Editor......Charles R Sprow.
felegraph Editor ..George A. Stauter
S. Beach Conger John D. Reindel
Carl S. Forsythe Richard L. Tobin
David M. Nichol Harold 0. Warren
Sports Assistants
theldon C Fullerton J. Cullen Kennedy
Robert Townsend

Walter S. Baer, Jr
Irving J. Blumberg
Donald 0. Bouden
rhomas M. Cooley
George Fisk
Morton Frank
Saul Friedberg
Frank B. Gilbreth
Jack Goldsmith
Roland Goodman
b ames H1. Inglis
enton C. Kunze
Powers Moulton
Wilbur J. Myers
Lynne Adams
Betty Clark
Elsie Feldman
Elizabeth Gribble
1mily G. Grimes
Elsie M. Hoflmeye
Jean Levy
Dorothy Magee
Mary McCall

. Parker Terryberry
Robert L. Pierce
nan Win. F. Pyper
Sher M. Quraishi
Jerry E. Rosenthai
George Rubenstein
Charles A. Sanford
Karl Seiffert
Robert F. Shaw
Edwin. M. Smith
George A. Stauter
Alfred R. Tapert
rohn S. Townsend
Robert D. Townsend
Margaret O'Brien
Eleanor Rairdon
Jean Rosenthal
Cecilia Shriver
Frances Stewart
er Anne Margaret Tobin
Margaret Thompson
Claire Trussell
Barbara Wright

Telephone 21214
Assistant Manager
Department Managers
Advertising... . .Charles T. Kline
Axvertisi.............. .Thomas M. Davis
Advertising ............William W. Warboys
Service.... .........orris J. Johnson
Publication ............<ohert W. Williamson
Circulation........ ......Marvin S. Kobacker
Accounts.... .,,........Thomas S. Muir
Business Secretary.............Mary J. enan

Harry R. Begley
Vernon Bishos,
William Brown
Robert Callahan
William W. Davi
Richard H.. Hille
Erle Kightlinger
Marian Atran
Helen Bailey
Josephine Convis
Dorothy Laylin
Sylvia Miller
Helen Olsen

Donald W. Lyons
William Morgan
H. Fred Schaefer
Richard Stratemeier
is Noel D. Turner
cr Byron C. VTedder
Mildred Postal
Marjorie Rough
sser Ann W. Verner
Miary E. Waits
Johanna Wicse

In a recent issue of the New York
Times a review of the stock mar-
ket's behavior during the last
twelve months clearly indicates
that the trend has been geng
down to a point where upturn is
in the immediate future. Several
months ago such an upturn was
predicted, but that was at a time
when the average price of stocks
on the New York exchange was out
$30 below highwater figures of
1929. This market however, figured
by experts until October 22, has
now struck what knowing bulls and
bears term "rock-bottom."
Let us examine the trend since
the break. On October 23, 1929, the
market touched a high level of an
average topping $250 a share.-Sud-
denly, out of a clear sky, a fierc.
and set liquidation began which
vithin a few hours, had topples'
the stocks to an average of 230
Further liquidation during the
next day led to nerir panic and
between October 26 and Nov. 2
1929, the average price of stocks
on the New York exchange fell
more than $65 a share.
The average price per share on
the New York exchange at that low
ebb was $90, based on fifty repre-
sentative, stable stocks. By the
23rd of November, however, the
market went up to nearly $210
per share average. From then on
until April 12 there was a steady,
although quite small, trend upward
and by April 19th the $240 per
share level had been reached. This
high peak did not remain, however,
and fell with a thump on May 3
to approximately $215. A slight rise
in average throughout May was
followed by a sudden drop to an--
heard of low levels which reached
$183 a share on June 21. Another
slight trend upward, touching bare-
ly over $200 waivered in August
and sunk again to $190, only to
rise slightly in September and the
drop suddenly to $179 a share o
October 4. The next w'k the
average came down even lower and
by October 22, a price of $161 a
share was reached on the market.
There it has stayed until the last
few days when a marked change
upward indicates that at last th
pull will be definitely higher. Flue-
tuations rangig from $65 a share
in a single day to a few dollars on
the average share of stock followed
she year since the break.
What does all this fluctuation
and depression really mean, people
ire asking? Why hasn't the market
tended 'upward when the business
future really appears bright on the
aorizon? Perhaps the answer lies
n the lack of a leader in the field
:f industry to again start his
wheels of manufacture in the face
>f a supposedly empty market. 'f
one dares build autos when theri
is no demand for autos, and yet
were the manufacturer to build
them and offer employment to
hundreds of working men and
women he would, at the same time,
furnish money which would make
)ossible that demand.
What are the prospects for the
uture? Good, says Mr. Babson
Fine, say experts who have fol-
lowed the depression to its present
,rend! Terrible, say those whose
.aith in American industry has
peen so easily shaken by a normal
,:evolution of the business cycle
hat they are immediate cynics.
The curve has ;just about run its

;ourse. Graphically it shows a de-
;ided tendency downward since the
>reak except for two or three
nomentary upheavals, and it now
:ests firmly and serenly on the
:ock bottom of stock trading, ap-
3roximating $1.60 a share. How
long will it remain there? Who
:nows? It may take a year. It may
,ake two years. It may bring pros-
,erity before Christmas which will
equal the 1929 peak. But one thing
is certain-it can't go any lower.
rt's got to move up no matter how
Campus Opinion
(ontribiitoi ,ot .1 k:I if, be1w tc
Confnngte ~e s to l tin
word '. if p 1 sso'e,i\ o .n)u c'on-
n'unicatic 7s wil i e sd,icr'd _=a ed. n
names of commtn uicants ill, however,
bes lsgrded as croti,!c t ial, tporte-
quest. Letters publci h 1 :h Ile not be
cotirued as expressing tIl editoril
Opinion of The Datily.
November 5, 190.
To the Editor:
What strict regulel
tion forbids the University from
allowing us the Friday and Satur-
day after Thanksgiving for our-
selves? The Administration is op-
posed to a football game on
Thanksgiving because it wants the
students, as far as possible, to
spend that day with their parents.
Does the Administration realize

The B. & G. boys arrived on the
scene at 4:30 and when they Sa'
some 4,000 students tramlinr
about on. the Angell hall lawn !hey
uttered soun.s that resemb id I h'
cries of wounded yaks and fainted
on the spot.
Anyhow, the future for Mfich ig a n
spirit looks good and if you gent
can make it last over the nxiek-end
and meet the team w hen it pull
back into town Sunday afternoon,
why I'll make Uncle Daniel promis
not to heckle, haggle and hacrangue
you about the matter any longe.
Now, what'll I write about. Thi
buisincss of being call-d no pract'
cally in the midde of the 'n.glht
and told that there is no ?,ol }
column and will you come dow
and write it, please, on account o
you were Rolls editor last year Lsn
all it's cracked up to be. When
Uncle Dan comes back I'll t Iel hin"
a thing or two, you can bet. Il ih
comes back. When last seen he wa
riding a bicycle out Weihtenaw
avenue on his way to Cambrid<
He had $3.56 and an oil stove he!
full of kerosene. I asked him ho
he was going to navigate bwituoti I
a compass and he said, "Easy; the:
call me a race horse." "A what? ",
I demanded. "A race horse," he re-
torted, "because I'm so race horse--
Believe me, the contusion I gave
him will last a long time.
Note to Dan Baxter's prof:
Don't be silly; he won't be back
until Thanksgiving.
"During the past two weeks
Kipke has spent considerable tome
in perfecting his running attack
for Harvard."
* *' 5'
That speaks volumes for Coach

r. -
Yeteda'stanouG t ws rwell.
and when I tell Uncle Daniel (who
is now six miles south of Lord
knows where, on his way to Camb-
ridge) about it, he'll be tickled sil-
lier than he is now.

About Books
As I Lay Dymig:i ) Witlliamn IFaulk-
ner: published by Jonathan Cape
and Harrlson Smith 1930: Price
JaTames Joyce is teaching us, if
not hing else, respect for language.
In the .light of his profound inter-
(st in techialu, one loses respect
for the "sententious illiterates":
Dreiser, who abuses language; An-
derson and Hemingway who to a
considerable extent evade the nec-
essity of intelligently using it in
their cult of the stark..
Those who are on the side of
Joyce will respect this new novel
by William Faulkner, who is Joyce's
most able American disciple and
in this, as in last year's novel
Sound and Fury, a stylist of con-
;iderable promise.
The material of the novel is pe-
dlear, perhaps questionable. Mr.
Faulkner is examining a rotten, de-
graded hill family, perverted by
years of in-breeding. The story is
gripping-indeed melodrama. Ad-
die Bundren lays dying while out-
side below her window Cash, her
son, indulges, his obsession for ef-
ficient carpentry by hammering
away at her coffin. Addie dies.
Then cones a fantastic procession.
Father, four sons -nd a d uhter,
carry the coftfin on a wagon thirty
miles to her home town for burial.
Rivers are crossed where bridges
are down. The trip takes nine days.
After the burial old man Bundren
,t als money flrm his daughter,
boyS himsef a wife. The proces-
:in starts back into the hills.
The echarcters are various: Var-
.'man, a ni tel h1alf-wmI wo by
intricate introspection comes to
identify his mother vitth a dead
fish; Dewey Dell bearing a child by
one of her brothers; Darl, wierdly
poetic and in madness resenting
his whole family; Jewel, a Missis-
sippi Vikma, who hAd secretly by
righi, blowecz a neighbor's field in
order to buy a huge wild horse.
which he forever after loved and
rode; old n ae Bundren, a self-
centred, idiO; and the variously
fanatic neighbors.
sh ner skips from one of these
nmnds to anotoer in separate chap-
ers. .1-e displays considerable in-
ventive Hower, aforceful style, and
v x probabL' Iut e psychological
insight (one caint check up in the
Ae C( (idiots) in pr(jecti' these
Seoule in Joycean terms.
The only difficulty is that in the
process we come to know more and
more about material, of doubtful
validity to begin with. Because the
reader is never at any moment able
to identify himslf with character,
their consciousnesses come to him
merely as sensation, as thrilling
novelty. Relationships of truth and
value are impossible to conceive
from this novel because of the un-
verifiable character of the mater-
For the reason that the material
is able to command no attention
from the intellect, the style attracts
too much attention to itself. The
result is an annoying dispropor-
tion, which makes the novel infer-

The force of the feeling and the
style, however, suggests that when
Faulkner does integrate them, hE
will have writtten a great novel.
A Miniature History of Art: by I1. H.
Wilenski: Oxford University Press
Ur. W lenski has previously estab-
lished his right to work in minia-
hre, that is to t eneralise, by two of
the most brilliant books of art-
criticism in the generation: his The
Mcidern Movement In Art and in-
t 'o uction To Putch Art. He now
produces a short survey, essentially
i n t e n d e d for popular readers,
charmingly written and at ease
wish the wide mater"al,
:1' -. Wiienski correctly avoids the
tatement of personal tastes; the
:piaee would have been too small to
allow him to make those tastes
valid. He confines himself to re-
lating rather than commenting. But
lie does manage to order his mate-
rial to a fundamental view:o at
aout the history of art. As he
states it: "The history of art is seen
in fact to be to a large extent the
history of the use of artists by pow-
erful individuals or organizations as
instruments in the task of imposing
some particular form of adjustment
upon their gene::ation." The rise of
romanticism whifch he defines as
"the cul, oi the emotive fragment"
saw the artist with new pretensions
and concerned about his personal



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Night Editor: CARL S. FORSYTHE
The practice of hazing freshmen
has been declared by the student-
governing body at Dartmouth to be
"illegal and punishable on the
grounds that the practice was of
no benefit to first-year men, was
frequently of considerable harm to
them and was degenerating into a
form of entertainment out of char-
acter with the general atmosphere
of the college.
Continuing from the Philadel-
phia Public Ledger, we read:
"The fundamental objection to
"indiscriminate hazing is the in-
"justice of visiting its humiliation
"on all members of a class, whether
"they deserve it or not. The in-
ability of over-enthusiastic sopho-
"mores to distinguish the diagnostic
"symptoms . of their hereditary
"enemies before applying to them
"the traditional panacea for mega-
"lomaniacal egotism justifies the
"course taken by the Dartmouth
"student body."
To this stand there will be con-
siderable objection. The public at
large is wont to believe that any
deviation from the customs of the
1890's can be nothing but a soften-
ing influence on the present day
undergraduate. Especially would
this be true in the event of the
elimination of hazing.
But one thing must not be lost
sight of; that is the very definite
distinguishing line between tradi-
tion and nuisance. That tradition,
as long as it stays within the
bounds of decency and good judge-
ment, is a worthy thing, no one will
deny. But a practice which exacts
an annual toll of physical injury
and unnecessary humiliation has
passed the bounds of tradition and
become an unmitigated nuisance.
The realization of this distinction
marks no softening process but
rather a more mature outlook on
the problems of college life.

Ahhh, I just thougit



thing. This is a golden opportunl-z
ity for me to put a wet bla nket en
Uncle Dan's Knock-the-Coeds-uf1-
the-Sidewalks campaign. I have
been so incensed'lately by his un-
couth expressions in this column
that I have been inspired to write
a pome to any of you gals who are
still -olls followers. Merc it is:
The m4 e you gel here you
lamp as
And immediatefy hart ii to
vamp us;
-D) don't yOi ctlt Dan
And his stilirrely plan
Pu"h you off any K dewalk on
' '. Dtotr, Whoolt 0 .sn'r
School fame, feel he same way I
do about it. Say they, indignant-
'm, girls, it makes our hoar
When the Rods cohinn dairy
we read-
HoI that you g popiy
Tries to chase you away:
Why, t'he very idea, indecd!
The other day the good i d Sig-
ma Sigma Siga house1;d
copiosly embellished w"Vil Itani-ns
which lnduce notoriously bad sell-
mg proclivities in the luma si-

They shut the door on hybrid styles

,Quantity production of equipment has long
been practiced by the' telephone industry.
Teliebhone designers years ago shut the door
on many hybrid styles-seeking first to work
Out instruments which could best transmit the
Voice, then making these few types in great
Tbhis standardizeion made possible concen-
trated study of manufacturing processes, and

steady improvement of them. For example, the
production of 15,000,000 switchboard lamps a
year, all of one type, led to the development
of a highly special machine which does in a
few minutes what once took an hour.
Manufacturing engineers, with their early
start in applying these ideas, have been able to
develop methods which in many cases have be-
come industrial models. The opportunity is there!


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