Depending on whether or not the book was used for the contest or not, what you have is a 1932 Watermans autograph book. Kids were issued the book in Spring 1932 and by the Fall the books were "due" at Watermans for a contest. Now that does not mean it was not used later but that was the intent of these books.
FYI, the most valuable autograph in that book is neither Ruth or Gehrig. Its Eddie Bennett the mascot. I'm guessing whoever you send it to would know that, but you never know.
Rhys
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