August 16, 1936

Work on the Queens Midtown Vehicular Tunnel under the East River will begin about Sept. 15 and will be completed in 1940, the New York City Tunnel Authority announced yesterday. At the same time it made public the details of a tunnel plan bearing its official approval.

In conformity with recent legislation, local banks and trust companies have been publishing notices of their intention to terminate the double liability attached to their shares, effective on July 1, 1937. More than a third of the State-chartered institutions concerned have issued such notices, as have numerous national banks.

Protests to Dept of State that trade treaty with USSR is illegal

The stock market's professional following elected to take profits last week, with a resultant decline in share prices that sent the average level back to where it was in mid-July. The fact that the trading volume was slow at times attested to the fact that little if any liquidation of investment holdings took place.

The stock market closed steady yesterday in quiet trading with some of the industrial groups pointing higher as railway issues declined. Trading in the half-day session amounted to 366,000 shares on the Stock Exchange, compared with 767,000 the Saturday before.

Ct orders bequest of Mrs A G Vanderbilt to Mrs G M Vanderbilt settled

Article on day coach comforts for tourists going West

meet; U S Olympic team triumphs

WPA adjusts pay to prevailing rate, N Y C

George Washington, who has sat immobile astride a bronze horse at the southern edge of Union Square for enough years to make the statue the oldest one in the city still in its original place, had company yesterday morning.

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