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THE UNIVERSITY DAILY KANSAN
THURSDAY, APRIL 24, 1924
Ignorance of Wall Street is Theme of Banker's Talk
Supply and Demand Effect Prices on Exchange as in Any Other Business
"Wall Street is a barometer of business; it forecasts business conditions rather than determines them," said Jason Weterater, director of publicity of the New York Stock Exchange in an illustrated department of economics, given in Fraser chapel yesterday at 4:30.
"Too many people believe that Wall Street controls the prices of stocks and commodities through some mythical or supernatural power which the Wall Street people believe that the 'Street' and the 'Exchange' are controlled by an aristocracy of wealthy men that are all crooks. On the contrary, the men who know the level and the association termed is one of complete democracy.
25 They are all men of the highest personal integrity and have a high average intelligence. They, more than anyone else, realize that big government is not the public opinion and they head the edicts of this court.
"Supply and demand regulates prices on the New York stock exchange, just as prices are regulated everywhere else by these forces." Westerfield said in an interview with men pretending to be members of the 'Exchange' are people who do not try to protect themselves. They do not investigate the reliability of the broker making the sale, nor the desirability of the investment. These people are just people who do not investigate the conditions.
"The thing to do when making an investment is to consult your banker as to the reliability of the broker making the sale and investigate the factors determining the value of the stocks or commodities at hand."
R. O. T. C. Field Exercise
Forces Will Pass in Review for Chancellor and Faculty
Field exercise of the R. O, T. C of the University of Kansas will be held at Stadium field, Saturday morning, April 26.
The forces will assemble in front of Fowler Shops, Friday afternoon, April 25, to pass in review for the chancellor and faculty, at 4:30.
Saturday, at 9 a. m., the forces will again assemble in front of Fowler Shops. They will march from the hospital avenue where the attack will start.
The Blues are composed of the University R. O. T. C. unit and the University College, whose departments from the National Guard Co. at Hastell. The Blue forces will force a crossing of the river and occupy the heights northeast of the Administration building. There will be a review of the forces in the Strawberry Field at the headquarters, spectators, Sergeant D'Ambra, or the military department, said that there were copies of the orders for the field exercise at the offices of the R. O. T. C. Anyone wishing to do them should call at the office.
Acacia Initiates Two
Kansas chapter of the Acacia fraternity held initiation services Wednesday afternoon for Dan W. House, p25, and Thomas G. Fitch, of Wichita, known state and national officer in the Mason organization, was elected to honorary membership. At present he holds the office of Sovereign executor General, A. A. S. R., southern jurisdiction, district of Kansas.
Graduate Spoke to Class
Mr. Karl Karpel, graduate of the department of journalism at the University and now advertising manager of the Ash Grove Lime and Portland Cement Co., Kansas City, Mo., spoke to the class in elements of Advertising on "Planning an Ad Campaign" for a "Manufacturing Concern."
Mr. Keeper has been with the Ash Grove Company in the capacity of advertising manager for two years.
Dr. Burdick Gives Annual Party for Junior Laws
Dr. William L. Burdick, acting dean of the School of Law, and Mrs. Burdick, will give his ninth annual informal party for the third year law students May 5, at their home at 916 Kentucky street.
The School of Law faculty members and their wives will be the guests of Dr. and Mrs. Bardick, and their home is open for evening rentals.
Dr. Burdick's home is of specif interest because of the interesting furnishings which he has gathered from all parts of the country.
Horsehide Swatters to Swing First Bats in Fraternity Meet
Medics and Chemists Meet in First Game of Series on Monday
Twelve, professional fraternity baseball teams have entered the annual professional inter-fraternity league. The first game will be Monday, April 28, when Phi Beta pi meets Phi Delta Chi.
On account of an even number of teams entering the league four feyes were given in the first round. The teams Kernan, Pohl and Mr Albaum.
Each team is expected to furnish a new baseball before each game and should make arrangements with the team as as to the time and place of game.
A trophy will be given to the winning nine. Following are the drawings and dates of games in the first round:
Phi Beta Pi vs. Phi Delta Chi, Monday, April 28.
Phi Delta Phi vs. Delta Sigma Pi, Tuesday, April 29.
Alpha Chi Sigma vs. Nu Sigma Wednesday, April 30.
Phi Alpha Delta vs. Theta Tau,
Thursday, May 1.
In the second round Beta Phi Sigma,
he received a bye, will play the
winners of the first bracket and Phi
phi will meet the winners of the
second bracket. Alpha Kappa Psi
plia will play the winners of the third
racket and Phi Mu Alpha will meet
he winners of the fourth bracket.
Will Manufacture "100 Per Cent British" Jitney Cars
To Make Fords in London
London, April 23 (United Press)
- Henry Ford is planning the establishment of a great plant here for its production of "100 per cent British films."
Negotiations are under way by representatives of an "unmanned principal". believed almost certainly to be Ford, for the purchase of a large tract on the Thames for use as the factory site.
Ford now has a plant at Manchester, where about 5,500 workmen are employed. The proposed London plant, to cover 225 acres, would can play about 14,000 persons, and be located outside the United States.
The Ford cars now produced at Manchester are made largely of British materials. It is said that the London plant will use British materials entirely. It has been suggested that Ford's engine may be based on a program, "A 100-per cent British Ford."
Ford's big-scale production plan in England, if carried out, will save an import duty of 33 l-3 per cent, required on all foreign cars brought here for sale. There is some anxiety among British manufacturers of light cars at the prospect of large-scale Ford production and competition, but generally speaking the attitude of the chassis-trade thrists seems favorable because they believe it will relieve the unemployment situation to some extent at least and bring the fliver nearer to the average purse.
Big Ben Saves Maid From Unpleasantness
A few minutes before midnight on the Saturday night of the Kansas Relays, one of the fair sex tripped into the station. She approached the ticket window, and fumbled confidently in the pocket of her coat, but of that precious stuff with which tickets are bought was forthcoming.
It was four minutes before train time. A sympathetic sister made a flying leap into a car to go on a search for the missing fortune. At the same time, a girl's dreams of returning to her band faded into the distance as with a terrible roar and gurgle the train rolled around the bend.
Busy travelers piled on the train. With unheard-of-speed they pushed past porters and conductors and left
the one lone, missing lng in that chain of passengers standing on the platform.
The agent, not entirely immune from the milk of human kindness and a victim to the usual American weakness for bright gold, relaxed his expression of stern dignity, deposited a ticket in the boy's hand and smiled as only a ticket agent can. The frantic girl swung on to the train
And then, an inspiration came as inspirations sometimes do. A friend, financially embarrassed but kindly, inclined, looked at his watch and was inspired by the old time-piece. Duping to the ticket window, he deposited the watch on the ledge and looked inquiringly at the agent.
it crept out of the station—home to brass hands and away from the incomprehensible caused by ticket the rush of student existence.
Everybody's getting 'em
Next to a crutch or a hearse, the funniest thing in the world is a fat man choking on a bone.
The Man Chu Blues
A new collar attached shirt in the latest Chinese blue color with a white stripe. Guaranteed fast colors.
$1.50
Get yours today!
"Clothes of Merit"
TONIGHT ONLY
Harold Lloyd in
Shows: 2:30 - 4:00 - 7:30 - 9:00 Prices: 10c & 28c
"Why Worry"
(Return Showing by Request)
FRIDAY and SATURDAY
Walter Hiers
in
"Fair Week"
Prices: 25c & 50c
Shows: 3:00 - 7:00 - 9:00
ALL THIS WEEK
RETURN ENGAGEMENT OF
Margaret Lillie and Company
in
Musical Comedy Entire New Shows — Change Daily
TOMORROW
TONIGHT
"Making the Grade"
Margaret Lillie and Company
Presents
"A Pair of Kids"
Also
Feature Photoplay
David Butler
in
"Making the Crede"
Margaret Lillie and Company Presents "A Day at College"
Also Feature Photoplay Rod LaRocque in
"Phantom Justice"
OUR UNDERWEAR-STOCK IN
FINE SHAPE FOR EVERY
SHAPE
MANHATTAN
COOPERS
WILSON BROS.
ROCKINCHAIR
$1.00 to $5.00
Are You A Failure? LAST TIMES TONIGHT
Orpheum Theatre
Friday and Saturday, April 25 & 26
Story by "MR.X" Directed by J. SEARLE DAWLEY
The WILLIAM FOX SPECIAL
Three Shows Daily
3:00 — 7:00 — 9:00 P. M.
Prices: 10c & 30c