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December 27, 1931

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Headlines from December 27, 1931

RESERVE HEADS HIT FOR FAILING TO STOP SPECULATIVE LOANS; Glass Committee Criticizes Inaction of Authorities Duringthe Inflation Period.--RISE IN AMOUNTS SHOWN--In October, 1929, Banks HadOutstanding $3,907,000,000 in Brokers' Loans "for Others.--"NEW YORK BANKS REPORT--18 Had Out $3,265,000,000 In Security Loans, Nearly Half to Brokers, at Chose of 1930. Growth of Brokers' Loans. RESERVE HEADS HIT ON BROKERS' LOANS Extent of Security Loans. Rise in Loans Illustrated. Loans by New York Banks. Extent of Portfolio Shrinkage. Answers to Questionnaire. CURTAILED SECURITY LOANS. New York Clearing House Acted on Situation in November.

By Special to The New York Times

Excerpt from s by Y Sato on situation

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U.S. WILL GET INVITATION TO DEBT PARLEY AT HAGUE; AN OBSERVER MAY BE SENT; JOINT ACTION CALLED VITAL Experts See a Lasting Solution as Impossible Unless We Take Park. YEAR'S EXTENSION LIKELY Paris Thinks Such a Minimum on Hoover Moratorium Will Be Necessary. LONDON BEGINS PREPARING Accord With French Nearer, Sir Frederick Leith-Ross Reports on Return. Negotiations for Parley Begin. Britain Prepares for Parley. Sees Future Payments Impossible. Beaverbrook for Debt Revision

By Lansing Warren. Special Cable To the New York Times

W C Moore suggests creation of reserve in times of prosperity to be used in times of depression

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Notable Births

Scotty Moore

1931Scotty Moore, American guitarist and songwriter (died 2016)[†]

Winfield Scott Moore III was an American guitarist who formed the Blue Moon Boys in 1954, Elvis Presley's backing band. He was studio and touring guitarist for Presley between 1954 and 1968.