LOOKING back on the late fall season, one recalls . . . Simon and Schuster’s parody of the stock-market crash, Caught Short, by Eddie Cantor — a small volume, modeled on The Specialist, which is reported to have sold 35,000 copies in record time, thus proving that, however it may hurt, some of us are still able to laugh . . . The New York Times refusing to run an ad of Harcourt, Brace’s Kept Woman because they objected to the title. And Harcourt, Brace canceling what amounts to a $25,000 contract . . . Thomas Mann, the German novelist, being awarded the Nobel Prize for Literature for 1929, which prize now amounts to $46,290 . . . New York Customs authorities banning the French translation of The Arabian Nights by Mardrus, though they do not liar the classic in the original or in the literal English translations of Payne and Burton. A classic instance of erratic judgment.