THE NEW YORK TIMES, November 4, 1931

* Phar Lap - Thoroughbred racehorse
* Melbourne Cup horse racing upset loss

The sport's section (page 34) has one column headings that include: "PHAR LAP UNPLACED IN MELBOURNE CUP" "Favorite Finds Burden of 150 Pounds Too Much Over Route of Two Miles" and more. First report coverage on Phar Lap's upset loss at the Melbourne Cup which many thought was because he was too heavy to race the full 2 miles.
Complete with all 44 pages, rag edition in very nice condition.