The Brooklyn Daily Eagle from Brooklyn, New York • Page 47

11 BROOKLYN DAILY EAGLE, NEW YORK, SUNDAY, 'APRIL' 23, 1035 IN CHAIRMANSHIP Sacred Heart Alumni to Dine and Dance A Line on Liners McLennan $42,363,901 In Mortgages I Now Refunded Action With IIOLC Cov ern Over 8,000 Liens, Report Van Sehaick Superintendent of Insurance George S. Van Sehaick yesterday reported the refunding with the Home Owners Loan Corporation of 8,471 guaranteed mortgages aggregating $42,363,901 in principal amount. All were mortgages guaranteed by the title and mortgage guaranty companies in rehabilitation or liquidation. During March, 1935, loans were approved on 86 mortgages amounting to $395,825, the lowest monthly total since refunding began in January, 1934. Consummated exchanges to April 1, 1935, are as follows: Produce Sales Holding Steady Shipping movement of fruits and vegetables Is fairly steady, except potatoes, which have decreased about one-third during recent market weakness, Apples are moving In lighter volume, as usual at the time of year, but citrus fruits continue very active.

Florida tomatoes are exceeding the rate of 1,000 cars a week, Southern potato movement Is light but Increasing. Cabbage, cauliflower, spinach, carrots and lettuce have decreased since the middle of the month, but asparagus, peas, peppers and strawberries have increased moderately. Weather conditions and larger supplies on hand brought lower prices for many lines of produce the second half of April. Potato markets continued weak and unsettled. Onions, cabbage, spinach, tomatoes, peas and strawberries show hesitating, irregular but generally downward trend.

Western lettuce advanced sharply, owing to lighter supplies of good stock. Tlie potato market developed unsettled conditions after the April rise, followed by declines during the second half of the month, owing to accumulated supplies and the gradually increasing southern shipments. Chicago prices, near 80 cents per 100 pounds by the carlot. are about midway between the low Officers of the Sacred Heart Institute Alumni, who are planning a dinner-dance and reunion at the Columbus Club on May 15. Seated, left to right, George E.

Dennen, vice president; Charles E. Byrnes, president, and John Harvey, treasurer. Standing, left to right, James J. Bradley, chairman of the executive board, and Dr. Joseph J.

Driscoll. est figures of March and the top levels of the early April rise. One funliico is, tho elrsiilit- Navy Yard Admiral Stirling- urges crumbling monuments of (treat be restored By IOIIN F. NASH Monuments to men who have loomed large in tlie nation's history should not. be allowed to crumble or become defaced.

Admiral Yates stir- affairs are living in the past. There is no such issue either in Congress or before the American people. All warship building that Is carried on by tlie United States is pursuant to treaties that will not expire until Dec. 31, 1936. All warship building of thU country until the expiration of those treaties will be done in accordance with set pro By don It's Summer on the ocean right now but after August 15 it will be Winter again.

That, is speaking, of course, about the routes iollov.c' by steamships on their way bat and forth between here and f. rope. It's at this time ol year too that the trip from New York to Plymouth is 116 miles '(inner than it will be after the same day August mentions I before. The reason for ail this seeming topsy-turvy icebergs. Right now the Coast Guard cut- ters, Pouchartrain and Mendota.

i which cruise about the North Atlantic keeping track of nil the huge 1 bergs that wander about the seas 1 tire having their busiest tim- of the' rear. And the liners are pursuing a route larther to the South than in the "Winter'' season to avoid these bergs. I So when they travel from here to Plymouth they now cover 3.609 miles, whereas when plying the Winter route they cover but 3.493. This because on the Winter route they can go farther north and can skirt the coasts of Newfoundland which they are now cautiously avoiding. This difference upsets the arrival time of ships here too.

For at present most of the liners will dock late in the day or in the everting. Alter Aug. 14 they'll be more apt to come in early in the morning. Except, of course, when real Win- ter's blasts and stormy weather sweep the Atlantic and make them late. Besides doing all this, the bergs are the reason that most, of the fast trips across the ocean are fact that despite all that this country has done to bring about real disarmament its course has had to be shaped by the building programs of Great Britain and Japan.

Persons who urge that we give less attention or no attention to protection of our coast from possible foreign invasion reck not "the cost to tlie taxpayer" were our seaboard to be successfully invaded, even though our army should repel the invader's landed troops. Strangely enough all these persons, while urging less attention or no attention at all be given to protection of our coast, lock their doors at night; in fact, lock them even in the daytime. And if they are automobile owners they nevr leave their car unlocked when out ot their sight. Every man or woman following such a line of argument carries at least one key. I Told last week about the progress of the cruiser Brooklyn and that there are now 700 mechanics shaping the vessel.

Might add that there are 400 working now on tlie new 1 gunboat Erie. Preliminary work for the cruiser Honolulu is engaging 180 mechanics. Looks as it the Summer will be a notable one at tlie Yard with the launching of the Etie and the laying of the Honolulu's keel. Denounce Borah Debt Resolution Senator Borah's resolution introduced last Thursday to prohibit public or private loans to foreign gov-ernments outside of tlie American Continent was denounced as a "destructive" proposal which "if adopted would effectually strangle the foreign trade of the country," in a report prepared by the Committee on Banking and Currency of the I Merchants' Association of New York, i An outline of it was sent to various Senate leaders, to all of the members of the Committee on For- eign Relations and to the members of Congress from New York State. ling, Commandant of the Yard and France.

Italy and other countries of the Third Naval District, observed that were signatories of those the other (lav in conversation with treaties, agreed Uncle Sam should the writer of this column. follow. So that if we build so many "Since tin men have been wor- capital ships, so many destroyers, thy of such honor," explained the many submarines, so many air-Commandant, "the memorials sia-: craft carriers, we are doing merely nificanl of that honor should be in what the nations mentioned in sig-keeping. is not consistent to laud nod declaration, agreed me ought our heroes and others of renown in reasonably to do. John W.

Crawford, who has resigned as president of the Queeng County Savings Bank of Flushing, to fill the position of chairman of the board of trustees. He is being succeeded in the presidency of the bank by Joseph Upton, formerly a vice president. Virginia Farmers Greet Richmond. April 27 fPl Secretary of Agriculture Henry A. Wallace told a mass meeting of Virginia farmers today that proposed amendments to the agricultural adjustment act would grant no new powers but would "simply make explicit'' the intent of Congress in the nation's agricultural administration.

Speaking in a State whose junior senator, Harry Flood Byrd, in a recent address, had asserted the amendments proposed "to NRA the farmers of America," the Agricultural Secretary asserted that the reserve licensing power which lie said probably would be needed in only a few cases would be applied ''to prevent Injustice to farmers." Licensing provisions of the original act. he said, were "vague and general" and have been interpreted in various ways by the courts. "It is to make the Intent of Congress absolutely explicit," he asserted that the amendments have been sponsored. Edward A. O'Neal, president of the American Farm Bureau Federation, who spoke from the same platform, asserted that "we farmers appreciate the sympathetic attitude of this Administration to agriculture played so large a part in shaping our national policies." He said the adjustment act had saved tobacco and cotton growers from ruin, doubling and trebling their income, and asserted the enactment of amendments now pending in Congress "would bring relief to more than 2.500.000 producers of miits.

vegetables, milk and other I sppclalized Brazil Coffee Situation in Hand A cable from Rio to the New York Coffee and Sugar Exchange says: "The president of the National Coffee Department in an interview with newspaper representatives stated that in regard to the future of coffee he was optimistic. He also stated that President Getulio Vargas was personally and directly inter-I ested in the amplification of exports and that the National Coffee De-! partment was counting on close co- operation from the Ministre of eign Affairs. "With the present balance of 000.000 bags and a medium future group of good coffees, the President of the National Coffee Department s-Terr VU 1 1 qfn! Academy Alumni And Parishioners To Hold Reunion Sacred Com! i Heart Group to let Dinner-Dance Slay 13 at K. of C. Club A reunion of former students of Sacred Heart Institute and former and present parishioners of the Church of the Sacred Heart will take place on Wednesday evening, May 15, when the initial dinner-dance, of Sacred Heart Institute Alumni is held at the Columbus Club, 1 Prospect Park West.

Reservations for several hundred persons have already been made, and indications are that at least 600 men and women will be guests at the affair. The Rev. James J. Flan-nery. administrator of the Church of the Sacred Heart, spiritual director ol the alumni is landing his did to make the affair a success.

Organized Last Year Organized last October with a few members, the alumni has received applications for membership from 400 former students. An excellent instrumental and vocal program is being arranged bv the committee in charge of tlie arrangements, of which Harry J. Connor is chairman. Assisting' are John T. Griffin, secretary; William J.

Foley, John McKenna, George J. Bolin, Harvey J. Malone, Robert Doyle, James J. Manning, Walter R. Grillin, Walter J.

DeLury, Gerald McBride. James Reilly, John J. Mc-Guire. Richard Barrett, William Dunigan, Francis X. Dennen.

Thomas P. Tonry, Paul McNally and Paul Hopkins, Sacred Heart Institute was opened in September, 1388. by the Rev. John F. Nash, pastor of the church and since that time the Franciscan Brothers and the Sisters of Mercy have taught continuously at the in-, stitutt.

There will be a reception before the dinner, with a committee headed by William R. Foley as chairman I the pages of history and let. their monuments become ruins or become defaced and unrecognizable by the ravages of time. "Especially should we keep our memorials in good condition that we may the better teach history to our young people." Admiral Stirling's attention had been called to the crumbling condition of the monument of Admiral Farragut, in Madison Square. An effort may be made by prominent New York folk to have President Roosevelt approve of application of unemployment relief funds to the work of restoring the monument.

Mpmhprs nf the fli-fi ml Armv (hp i Sons 0Y Veterans and other 'bodies wiU takp formal arlion on tnp mat. iPr. i Captain Doyle Dined A large group of civilian employes i of the Navy Yard and of the Third i Naval District headquarters in Man- hattan gave a dinner on Friday usually made in August or September. This seems to be a rule that has many exceptions, however, for often in the real Spring when btornis are not around to bother one the ships ran make faster time on the Summer route, even though it is a bit longer than the Winter one On the Winter route, to be sure, the ships seldom have to bother about dodging Icebergs, but there is the ever-present storm or threat of one that greatly reduces all their speed. Some of the fastest crossings have been made in March, but still the rule holds, for March speed is exceptional.

Though the liners holo to this Summer course from Jan. 15 to Aug. 14 the real danger of meeting bergs on the northern route is not so keen as between early in March to late June or early July. That space of time, according to the Coast Guard, is when their ice patrol is busiest. This time of year being right in tlie mid-season, so to speak, of the Const Guard's busy time, Is the reason the Pulaski and the Konigstein reported sighting those big icebergs on the trips they completed last week.

The Pulaski hit 200 miles of ice fields about 300 miles off Halifax and had to slow down so much she lost t'vo days on the way over. That seems to be enough about Winter and Summer icebergs. Prominent among the Brooklyn-ites returning om an Easter visit to Bermuda are Mr. and Mrs. Maguire of 264 6th who get back today in the Furness liner Queen of Bermuda.

To Give Analysis On World Cotton The Bureau of Agricultural Eco-; nomics, the fact-finding division of the Department of Agriculture, will release on Monday the first section of a comprehensiv report on the world cotton situation, which will bring the Administration's cotton program under severe scrutiny. Federal Land Bank Bonds The following securities sre exsmpt lrom all Federal. 8ute and municipal in. come taxation and art Interchangeable: Maturity Riri AitH viw i i.iny, UJ1J4 1UJ 4 Jul 1944-44 107t, 10T, 4 Nov. 1957-37 103 104 1 4 May, 1958-38 103J4 104 '4 S'i Jills'.

1956-36 .10234 4't January. 1057-37 1035i, 104 4'4 May. 1957-37 103, 1(I4'4 4'4 November. 1958-38 105 10 May. 1942-32 102ii 102i 4'g January.

1943-33 101', 'Mi, 1 1 Jan. 4 July. 1. lni i. 3.02 3 04 2.33 2.52 1.20 1.65 2.07 2.

45 i'2 January, iH5o-35 101i4 4'j January, 1956-36 102V4 5 May 4 Nov. 100 lOll, 103 100 i New York City Bonds Bid Asked 25 100 100 103-si 104 I04ii 104's 104 104'-i 101 ,4 107 107 107 107 1071, 107 107 107 ''4 107 110 UOH llO'd HOVi 111 Jim 103'n 106 44 InterchanaeaPle. 3. Ma 1935 CouToe. 31.3, May 1.

1954 Interchangeable Nov. '54 '6liS 991, 99 '-i ncKisierea. 4. Nov l. 1 4s.

Mai 1, 1957 103 104 4s. Nov 1958 104 48. May 1 1959 11)4 I -ts. May iy 104 I 1s. Oct 1 1980 104 4's, March I.

'60-'35 101 "2 1 4'4. Stpt. 1. 1960 IO6V4 4Us. March 1, 19S2 4'4.

March 1. 1964 IO6V4 4 4S. April 1. 1966 IO6I4 4U. April 15.

1872 lllfiJ. i 4s. June I 1974 ions, 4'45, Feb 15, 1976 106J, 4Us Jan. I. 1977 106 '4 Nov 15, 1978 104 l's.

March 1. 1981 107l 5.ii. May and Nov 1, 3957 10914 4'S. March 1. 19K3 1094 June 1 1965 109'4 44s July 1 1967 14 4 'as, Dec 15 1971 4s Dec 1.

1979 110'a i lis. Jan. 25. 19.16 10.1 lis, Jan. 25.

1937 Callable at 100 on six months aotlct. Title Mortgage Suoted by tht New Yorlr Security Dealer Association. Bid Ask 1 Bid Asi B-ndfcMO 4a "ImolreT-fcO 4 Lawyer Law TO. 1 :,4 2 1 4 Due to Dock Pier April 20. 5:00 nm 5:00 pm.

56 14th It 9 00am. 95NRW55tb.lt 10:30 am. 95 55th St 5 00 p.m. 7 Rector at 2:30 p. 86 46th it 4:00 p.m.

25 Pr kltn st 5:00 p.m. 5th st Hoboken 9 00 a.m. 14 Wall st 9:00 a 5ih st Hoboken 6.00 m. 56 14th st 9 30 a m. 65 25th st 9 00 a.m.

27 Hubert st 7 00 a m. 34 Canal st 8:00 am 20 Fulton st 9.00 a.m. 15 ER Maid Lane 9 00 am 9. iln am Mnntarne Bklyn 9:00 a 61 21s! st 4 00 p.m. 25 Prankhn i-t 7 00 am 36 Sprlne- st 6 00 a m.

34 Canal st 54 1 41 st 48 11th it B.00 am. 14 Wall st 7 Rector st 28 Catherine 21. Pt au 7 Rector st 57 I5th st Jersey city I 00 pm. 25 Franklin it I id st Brooklyn 211. Charles 7 00 a 34 Canal nasi.

Ivory roast. Srneial and Sierra Leone: parcel post. S1A1KNDAM Holland-America 1 for Plym-ouih ai.d Boulome May 8 and Rotterdam 9. from 5th 8' Hoboken. Msila rinse 7 in 10 m.

Parcel post lor Ne-hcrlands. MUTII (KNIDAL AMLRltA. Wtsr INDU AND CANADA TODAY No sailings scheduled TOMORROW MONARCH Ol' BERMUDA (Furness Br-inuda' for 81 oeoraes and Hamilton, r-eimiids, May 1 lrom Pier 96. 'W S.Vh Si Mails close 12 30 S. ails 3 m.

Mails for Bermuda, parcel Post TUESDAY '3PUYFRE (Lamport cV Hoi! i for Para May 17 and feara 24. from 14th Bt Ho-" Mails close 9 30 am Mails tor 1 'ns and Norfh Bntll parcel post lilt 4. SKA (American Ilawall.nl foe Wittiilial i. In I'aeilir (oast ports, Irnm Pier 6. Bush Dorks, Brooklyn I Mali close m.

isuito. mails I pni.i. Malls fur ansl Zone. Dept. onlvl, f'cuador 'llahia de I a rail net.

Lsnieraldas and Mauls mils 1 and Panamai parcel post fnl Canal Tent sjid raruuiia. night at the uranacla lor uapt. B. tmergency. mat wouiu ue so umn H.

R. Doyle, Chief of Staff of the ships less to scrap. Why, for in-district. stance, spend for a cruiser Captain Doyle will soon retire and 000 when we may have to scrap that in a few days will be relieved at. 1 cruiser? JJust build less." headquarters.

He was formerly cap- tain of the vard here and was high- nr bill passed in the House does h- orHerf hv his cnilnppi.PS ntirl his not imperil national safety at nil. It Number of mortiiages Amount of mortaaiiea 1934 January February 1.173 $5,859,135.16 March I April May June AUBUKt fieptember October November December 19:15 January February March 1.129 1.011 848 743 829 867 6M 495 428 121 86 5.374.827.00 5,262.201.89 4.270,509.08 3.870.910.57 4.348.527.13 4.465,338.82 3.311.458.00 251fi.213.68 8.008.711.27 590.243.70 395.825.00 4 Total 8.471 $42,363,901.30 March 31 there remained pending before the Home Owners Loan Corporation applications for loans on 4,140 additional mortgages in the principal amount of $22,744,729. With the probability that further funds will be available to the Federal agency shortly, there is every prospect that considerable additional refunding may be expected. Satisfaction of guaranteed mortgages with HOLC bonds amounts to rash liquidation of the mortgages because of the ready marketability of the Federal bonds. The bulk of the exchanges effected Bo far have been for wholly-owned mortgages because of a HOLC regulation requiring the consent of every certificate holder in the issue for the refunding of a certificated mortgage.

This rule works a hardship In many cases where all save one or two certificate holders agree to the Federal refinancing. In those instances, exchanges are impossible although the consents obtained would be more than sufficient to ef-, feet any other type of reorganization of the mortgage under the Schackno law. Consummated exchanges with the HOLC by companies from Jan. 1, 1934, to March 31, 1935, are as follows Name of Company Number of mortstaees Amount of mortgages Bond Mt g. Guar.

Co. 3,8: 7 S18.203.075.00 J'irst Mortgage Gty. Title Co 6 Greater N. Y. -Suffolk Title Guar.

Co. 7 Jlome Title Insurance Co 732 Hudson Counties Title Mortgage Co, 4 Lawyers Mortgage Co. 1.3R5 I. flivvers Co. 468 55,900.00 3,722.554.49 23.638.06 7.247.955.50 2.501.820.00 452.400.00 1 R10 7.1 162.015 37 399.

333. 16 6.987.471.00 724.644.00 Lawyers Westchester Mtg. At line uo. Long Is. Title Guar.

Co 30 National Mtg. Corp. 43 National Title Oly. Co. 88 N.

V. Title eV Mtg. Co. 1 381 Plate Title Mtg. Co.

147 Title Mortuage Guar. Co. of Buttalo 25 Title Mtg. Guar. Co.

of Sullivan Cty.N.Y. 3 Union Guarantee Mortgage Co. 12 Westchester Title Trust Co 251 76,740.00 10.860 00 86.900.00 1.588,225.00 Total 8.471 $42,363,901.30 J. P. Heney to Be Banquet Guest John P.

Heney, recently appointed executive secretary of the State Mortgage Commission, will be honored by a group of distinguished men at a testimonial dinner next 1 Wednesday evening at the Hotel Roosevelt, Madison Ave, and 45th St. Prominent JuristJ. Federal and State officials, bank presidents and well-known businessmen are among those who will honor the new Mort gage Commission executive. Heney resigned his post as special deputy superintendent in charge of liquidation when lie took over his present job. As special deputy he was commended for meritorious Work during the banking crisis.

When the bank holiday was declared Heney was associated with the Superintendent of Banks. His chief duty was liquidating closed banks, which included negotiating loans for payment of dividends to depositors. He was successful in obtaining $3,000,000 from the RFC for 30 closed institutions. A GUIDE FOR Tourists and Repatriates "How to obtain the Most Marks for the Smallest AmountofU.S. Dollars" Write cr call lor our SPECIAL BULLETIN REE on rrquest 0'R NFW BOOKLET "Matured and Called German Dollar Bonds Investment or Speculation" also Frre ot rrqurtt Address Dept.

F-l German American Securities Inc. Mtmbfr of Trade for Gcrmm American Commirri, Inc. 29 Broadway, New York Tel. Whitehall 4 7S.50 Uptown Office: 14? fi. Hnlh St.

I rl. SAcramcntn 44i2 I. MSBerRenlineAva. Tel. fAllMde i I I Shipping Table and George E.

Dennen, vice chair-' combaL arca overseas, man. greeting the guests. There were addresses by the Rev. Ticket Committee Edward Duff, naval chaplain: Com. The tickets are being disposed of Charles Bookwalter and Com.

Wil-by a committee headed by James J. i ham Bainbridge. The toa.stma.ster Bradley as chairman. Assisting are was Lt. Com.

A. T. Wyckolf. S.Si.,1. 4S.SSSSSSS.

SWS. UUUSW garding quantities available In the Upper Lakes region. Far western holdings appear light and many of them have been going to Pacific Coast markets. Eastern holdings also seem fairly well known and are probably large enough for moderate shipments the rest of the season. Position appears to be fairly good lor the next two months, subject to expected increase of new stock as the various second-early sections enter the market.

Early digging is expected in the Carolinas, which are heavy sources of supply the i coming month. Sec Atterburv As Big Rail Man The era of rugged individualism in the railroad industry was supposed to have come to its end many years before Gen. W. W. Atterbury took command as president of the Pennsylvania Railroad System, says the Associated Press.

This was only 10 years ago. But as the General relinquished his office this week for the peaceful calm of his Pennsylvania estate and for longer stretches of deep-sea fishing, his favorite sport, he leaves memories in Wall Street of a pretty militant sort of a railroad man. If not precisely a rugged individualist, then a modified form of the species in a setting and atmosphere which has been more propitious for the development of soft-spoken, conventionally efficient and less colorful railroad executives. While Atterbury accepted the principle of co-operation as opposed to the fiercely competitive policies of the earlier giants of the transportation industry, like Harriman and Hill, he nevertheless refused to ootue up nis energy and pioneering 1 spirit. As a matter of fact, some of his contemporaries in the railroad field regarded him as something of an I anachronism.

"The nearest ap-1 proach to Harriman in imagination I and in the force and driving power i he could summon to achieve his goal." as one of them expressed it. He came into his greatest power as head of the Pennsylvania System after the Government's rigid regula- 1 tion and control of virtually all car- rici activities had become an estab- lislied thing. That he would have! a still wider swath In the rail Gas Companies All lerntones Utah), Norris agreed to postpone action until Monday to decide whether information also might be obtained on the results of suits broiiKht against publicly-owned planls. Wide World Thoto. Chief Frederick E.

Crane of the Court of Appeals of New York, whose recent decision voided the State NRA enforcement statute In declaring unconstitutional the Scliakno net. Hi decision, approver! 4 to 3 by the justices, ramp only nine days after the Ap-pellale Division of the Supreme Court had rendered a similaj VOIDS SCUM.kV) 1 'j MHSSSW- Jt Incoming Passenger and Mail Steamships 'Hours below are Daylleht Savlna Time) civilian force. Admiral William Lackey, scouting lorce commander, was the main speaker at the dinner, He told of his long acquaintance with Captain Doyle and stressed the officer's work in the navy. Admiral Lackey dwelt with pleasure on the efficient services of Captain Doyle in the World War, when lie supervised the trans- fiOOn tvmii, tn I The last of tlie -Eagle have gone from tlie yard. The little craft are not much in the limelight thce i tunes but had an important place in the World War.

They were siib- marine chasers and were built of light tonnage for speed. Their construction sort of harked buck to the days when the class ol ship we now call destroyers were known us -Torpedo boat destroyers" and went lor speedy service, which latter quality they retain an eminent degree. No Such Issue Main' nersons reading in thru TODAY Shin and Line From views 1935-1936 with commence ana I -i-. u.o i umiieiice i expects that the coffee problem will Preceded those of strict regula -be solved without modification of tlon ls a bellpf widely held by ob- the present plan." servers who have followed his career. gram that Great Britain, Japan, Yankee Shrewdness What the Appropriations Commit tee did was not to prevent our carry- ing out the terms of the treaties "to i full treaty that would meet President Roosevelt's wishes of "a navy second to none," but.

rather, resort to a shrewd bit of Yankee business caution, with Southern members planning it. if you please. This writer has been informed that a subcommittee headed by Mr. Umsted of North Carolina pro- 1. "Vlu wily uul HdJl uiilii vs is S' wimi will happen next Fall? There is still hope that the scheduled Naval Limitations Conference will be held.

If that conference should prove a success, it would meaen substantial reduction of armament, the American idea. Which would call for scrapping of a certain number of i ships by the nations signatory to the treaty. Why not cut aown some of our building program? There's no leaves with the President the de cision as to whether in the interests of proper defense more ships should be built than has been suggested. Appropritaion for the purpose could be made as soon as Congress will have convened next January. A Bunch of Keys Another class of readers got the idea that "Congress was trying to save the taxpayer from the heavy burden of modern navy maintenance." and the rest of it.

The Appropriations Committee was doing nothing of the sort. Accompanying its bill providing for an outlay of $475,000,000 for the navy the committee report deplored the MONEY AND EXCHANGE ON CALL Hleh Low LaKt Rrn'sl Monitor l. 'i '4 '-4 Wednesday 3i '4 1 hursriny 1 1 4 '4 '4 '4 '4 MIXED 111! 911 a 4 i 4 Thursday COMMIKC1A1, PAPtR Best N.imes Other Names 1 BAN At M'TANCf '60-90 DavO FJisible for Rediscount N'nn- Members 3-16 3-16 3-16 3-1B 3-16 3-16 lllCKdHV WYdnesdnv 1'hnrsditv Kndfty Situirdav FOREIGN EXCHANGE (1aiy Closlni Rate) lit HOPE London Monday 4 I'ui-sdiiv 4 84 Woitnrsday 4 83" 4 83 8 Friday 4.81 's Saiurday 4.83 Monday Tnesda Wednesday ihursday Friday Kaiuiday Monria Tuesday Wednesday I'hil rsclay l-'nday mi: day Denmark German 21 86 4(1 28 2166 40 28 21 60 40 28 21 58 40 29 21 51 40 40 21 56 40 4(1 I'oland 18 87 18 88 18.89 18 89 18 9.1 1 9ft Momla uesdav Wednesday Thursday Ki idav Sal ill da i iast Japan llimgkuug ipdav 04 50 CO (1(1 61 5(1 60 50 1 I'r-dav 211 50 47 IB 49 .16 42 SOt 1 II AMI lilt Artenlina Brtnl Sli Paris llaly 6 59' 8.27 'i 6 59i4 8 24 6 8.23 'j 6 59 8 25 6 62 8 28 6.61 8.28 Norway Holland Sweden 24.37 67 48 25 01 24 37 67 56 25 02 24 30 67.54 24 94 24 29 67,58 24 92 24 21 67.75 24 84 24 26 67.75 24.90 Switzer. Belirlum Spain land ,.16 93 13 664 32.34 16 93 13 66'j 32.35 16 94 13 67 32.36 16 9:3 13 68 32 38 16 99 13 72 32.51 ..16 99 13 71 32 47 BKUANNic. cunsrd wnitesotithamptnn I Star Havre, Cobh CARINTHIA.

Cunard White Star Nassau, elc MONARCH OF BERMUDA, Furness Bermuda Bermuda April 26 QUEEN OF BERMUDA. Furness Bermuda Rfrinuda April 26 QUIR1GUA, United Fruit Fori Limon April 20. tubal. Havana RELIANCE Hiiinburt-Amer West Indies ROBT. l.FE.

Old Dnm Norfolk Anril 2" ROTTERDAM Holland-Am. West Indies James McCormick, Joseph S. Ma-Ions. Robert Doyle, John T. Griffin and Paul Hopkin The ol fleers uf the aliiimil are Churics E.

Byrnes, president Geo me Dennen. first vice president timiKe Brennun, second vice president: Joseph McBride. li-nKiitiul secretary; John Harvey, ireu.si.rer: Dr. Joseph A. Driscoll.

stti eiary. Exetlil ivti Board nines Brad lev chairman: Jhii.ps Kenny. William R. Foley. Hurry J.

Cunnoi l.t"-ter Mull in, Joseph McCann, Hnirh Hi rMin. McCormick. John Holme Thomas Brepn, MaltheK J. Cook an unci Joseph b. Ma) one.

TRANSIT KKVEM'ES VP Transit revenues for tlie calendar week ending April 20. as reported by a representative group of companies were slightly more than a year ago. as shown by the Transit Journal indicator which stands at 100.17, as compared with the corresponding week in 1934. Sl'GAR C.YKKVOVER DOWN The carryover of sugar in Java on April 1 tills year amounted to 1.U03.-532 long tons as contrasted with a carryover of 2,451,818 tons last year, a decrease of tons, or 34.6 percent, acording to Lamborn's sta- i S1BONEY. Ward Havana April 25 STATENDAM Holland-Am Wi-s! Indies TOMORROW AMERICAN BANKER.

Amer. Mrrrhant Iindon April 18 ANCON. Panama CnMubnl April 20. Pi au Prmi-e BORINUUEN. Porto Rko Rnnlo Dnmineo Cliy April 23.

San Juan CHEROKEE. rlyde-Malloi 1 vilje April 26, Charles- loll COLOMBIA. Colombian Cristobal April newspapers that the House Appropriations Committee hud shaved 50 Min, peicent of the requested T.M.-.riv asked for beginning new Hon that will cost when completed indv $197,480,000. fell into the error. m- enntc PONCE.

Porto Rico Han Juan April :4 STUTTUAR I. North Oei -nun. Bremen April 18, Bmilnane. Oaiwa VAN RENSSI l.AI R. Rcval Netherlands Port an Prince, elc VIROINIA.

Pamuiu Pacific Sun Kratln.sro April 13. Crl.s lolml. Havana TUESDAY Norfolk April Galveston April 26. Key West, Miami Miami April 26 Soul ha nipt oil April 24. C11--ORG1-; WASHlNdl ON Old Dominion allory IROQUOIS.

Clyde-Mallory MAJESTIC, cunard Whil Star MUNAHCIO. Mim-soll ORIKN1K Ward SAN'i A RITA. Grace SCAN. MAI I. rin ilrt Havana.

Havana April alparalso West Indies tistlcal department. Congressional discussion of naval Statement of Members of N. Y. Clearing House Ass'u From Reports as Required Under Article III ot the Constitution or Week Ending Saturday, April 2T, 193.5 Miami. Nassau 27 WEDNESDAY Sanla Maria.

Kingston Havre April 24. Plymouth Mednerranean. Boston Ncrlnlk April 30 Buenos Aire April 1:1, Sniiln. Kin Charges Natural Divide Up Washington, April 27 P) An assertion that natural gas companies had "divided up the territory" was made today by Chairman Wheeler of the Senate Interstate Commerce Commit tee. He made this statement after the committee had heard a complaint that the bil to regulate and abolish utility holding companies would divorce natural gas concerns lrom oil companies and hence deprive the former of their principal source of money for expansion.

Tlie witness was Ralph B. Feagm, Houston, Texas, attorney, repre-, senting the natural gas industry. His insistence that oil company control of gas companies was es sential due to their close kinship brought from Senator Couzens Mich.) a protest that, rather than tending toward expansion of the industry, it hindered expansion. He asserted that natural gas companies had refused to extend Into the Michigan territory. Wheeler, co-author of the bill, then Interjected his statement.

The result, he said, that, while one company may not have sufficient gas to supply all Its territory, another company will not step Into tlie vacant field because of the territorial agreement. A while later a request for information from the Federal Power Commission on the extent to which publicly-owned utility plants had been interfered with by restraining orders or injunctions was placed before the Senate by Senator Nor-tii Neb.i. On request of Senator King CASH PAID FOR Title Co. Mortgages Certificates Real Estate Bonds Clark-Robinson FIHy Bro.dwsy, N. Dlfbv 4-771 cai fiend p.u:i A PLA r-eino Am.

Kpnri lintn T. 1.F.E run- iimnmio MIR Till PRIM luihs4 rYlvire SB MINtM.E. CIS dr-Mailnt April Outgoing Passenger Steamships happily so widespread, that there was a moot question of "big navv or small navy" underlying she proceeding. As a matter of fact, who still speak of "big navy men'' and "small navy men" in connection with fcSui plus anc Undivided Prollts $10,469,000 25.431,700 48.60S 700 177,131.600 10.297.500 111 517.60(1 0.350.2011 BD.OOli con 3 649 00(1 64.815.900 3 469 20(1 62 H71 1(10 988.500 7 5.17 90(1 21.361.500 7.75R 600 5 229 30O Net Demand posits Average $119,055,000 311,598.000 al. 103.

953. 000 79.690.000 bl, 124, 296. 000 303.283.000 642,444 00(1 199,603 00(1 426.8(12.0(1(1 1 426,564 000 (1697.000 npu 15,532.000 68.157.(100 352.651 .000 58,531.000 66 115.000 I.ICPOS, Averace 23 139.000 I (,43 000 lil. TBI). 000 54 043.000 105 442.000 28 .293 0110 .1 (146.

(KH1 1(1 151 Odd 1114 0(1(1 111 11'. 1 .000 3.VJ Ol'" 291.000 i O'ki is 1110 ooo 1 481 000 'IK '33 2 (100 1722 483 600 IN S7. 698. 909. 000 March 4.

19. Slate, March 30 $109 oon hjnrii ism is mi luuuu br Clearlns House Members 'Capital Bank ot New Yorle Tr. Co. I 6.000,000 Bank ot tile Manhattan Co. 30.000,000 National City BanK 127.500.000 Chemical Bank Ss Trust Co.

20,000.000 Ouaranty Company 80,000,000 Manufacturers Trust Company 32,935.000 Central Hanovei Bit. Tr. Co, 21,000,000 Corn Exchange Bank Tr, Co. 15.000.000 Elrst National Bank 10.000.000 Irving Trust Company SO, 000. 000 Continental B.mk Trust Co 4.000.000 Chase National Bank 150.270 000 Fifth Avenue Bank 500.000 Bankers Trust Company 25,000.000 Title Guarantee Trust" Co.

10,000,000 Marine Midland Trust Co 6.000,000 New York Trust Company 12.500.000 Commercial Nat. Bk. Tr. Co. 7.000.000 Public Nat.

Bank Trust Co 8.250.000 Totals Si614.955.000 CLE AR Week ending Anril 27. 193.1 Week endiilK April 20, 1935 As pel official reports ompanles March 30. 1935 National. 'As ol March TRANSATLANTIC IODAY No sailing si duled IOMORROW BLACK HAWK i Black Diamond', iioin Philadelphia ei da in May 11 Malls close 6 ni vo by rail 'O Philadi. Iphia py Parcel po; lni konigstein merneeir to- May 11.

lrom Pa-i IV erlifl vck en I No mail earned (iiva.i1, sa.Is TTKMPA KXIR1A 'Ameriein lot ileno-i May 17. Mar.sr::ie,i. 20 Leghorn 22 and 25. il'i'lll i 1- Jersey C'll Mail" close 9 30 a Parrel Mi Viuioslai EXiJCIIORDIA t-Ai'i'in lor Oi-lu'ul'ar Mv 9 ma Marsalllep 11 Naples 13 Al' i a'Mlr; a 1 19 2o lrom Pier Vrsev ci' iw 1 1(1 I' Mails ll Islands. E-ivpi (i.M'lilir l'airMini str.a IKi Itltl VsH (Daniel llacnn' ti.l lenenlle Mas I I i.

II. Ilakat K. (ain'trs Iieeinuii rand IUam Takers adi eera and I a ens lime 1. I ruin Pier Kuhaiils Mails rinse 'I a Mills lor lu.ir; Islands 1'trmh Opuirj. (rWd 10 in.t.j alneltirtes deposits forelun branche picn branches.

S64.690 000 elncludes deposit! la foreign brinciies. tf ts.AWsssiWl&ltiltt,Siav..