Personnel

Last week the following were news:

Harry M. Adams, 64, resigned as president of Western Pacific, was succeeded by Charles Elsey, executive vice president for 24 years.

Edward Richmond Tinker, 53, president of Interstate Equities Corp., was made president of Fox Film Corp,, succeeding Harley Lyman Clarke who became .chairman (see p. 39).

Robert Henry ("Roy") Faulkner, 45, resigned the presidency of Auburn Automobile Co-- He was succeeded by Errett Lobban Cord, 37, chairman of the company and president of it prior to February 1931 when Mr. Faulkner was elected. Company press releases made clear that Mr. Faulkner will no longer be connected with the Cord organization in any capacity, declared that Mr. Cord's return to active management of Auburn was his own idea. When Mr. Faulkner accepted the position, Auburn stock sold at $200. A strong pool, which had already been operating for some time, later lifted it to $295, whence it dropped back to last week's $105. It was especially weak the day of Mr. Faulkner's resignation, on the rumor that he was dumping his holdings.

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