LOS ANGELES, CA.- The only known copy of the Disney film “Hungry Hobos”, which was previously recorded as lost, has been found in a social history film archive in Herefordshire, UK and is to feature in the Entertainment Memorabilia auction on 14th December 2011 at Bonhams in Los Angeles, USA. The film features Oswald The Lucky Rabbit and Peg Leg Pete and is estimated to sell for $30,000-40,000. The character of Oswald was created by Walt Disney and Ub Iwerks for a series of cartoons introduced in 1927. After the “Alice Comedies” were finished, Disney signed a contract with Universal Studios to produce a new series for George Winkler and Charles Mintz. The first production featuring Oswald, “Poor Papa,” was rejected by Universal as the production and look of Oswald was deemed unsatisfactory. The second, “Trolley Troubles,” with a younger-looking Oswald, effectively began the series and it became a great success