R CESSION HITS J-HOP
Saturday, Febr ry 1$8 THE MICHIGAN DAILY Vol. XLVIII Price: 10 Cents
Our Own xclusive Graph Of What Was Wappened And Probably Will 'Wappen

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14 16

AffairOpens
In Flurry Of
TickerTape
Promenade Is Headed
By Marietta Killian
And Robert Reid
Marietta Killian and Robert Reid,
patrons and general chairmen, re-
spectively, had the floor well under
control as they led the 1938 J-Hop in
a continuous grand tour around
the dance floor Friday night. The
aforementioned march ended in a
triumphant flurry of ticker tape and,
gilt-edged securites before the official
photographers.
Miss Killian's dress, incorporated
from her own design, was made of
white silk net over taffeta with a full
skirt. A distinctive feature of the
gown was the narrow satin ribbon
which was applied in vertical bands
the entire length of the dress, and the
braided satin belt. The two net pieces
forming the bodice were softly gath-
erd at the waist in front, crossed at
the back of the neck, and joined the
waistline in the back. The exquisite
simplicity of her gown was carried
out in her accessories also: a white
net butterfly worn in her hair, and
white satin slippers. Miss Killian wore
no jewelry.
John Collins, secretary of the J-
Hop committee, escorted Virginia
Voorhees, '39. Miss Voorhees' evening
gown was deep coral chiffon with a
dramatic full-length cape. The dress
itself was made in the fitted style-
the bodice closely tucked over the
hips, and a flaring skirt-with rib-
bon shoulder straps. Silver accessor-
ies touched off her lovely outfit.
Jean Bleecker, of the decorations
(Continued on Page 5)

Leaders Of The 1938 J-Hop

Local Stocks Break
Record Before Dive

With more than 3,000 active par-
ticipants thronging the floor, sea-
soned Ann Arbor brokers, dealing on
the J-Hop Exchange for the past 30
years or more, reported another
record had been broken last night in
local stock transactions. But the
brokers, wandering over the Intra-
mural floor, foresaw a recession, with
accompanying headaches, today and

Exclusive
In This Issue
READ ABOUT'....

possibly tomorrow.
Robert Reid, '39E, of Detroit, acted
as chief commissioner for the evening
with Marietta Killian, '39, of Allegan,
as his first assistant. They expressed
themselves as being more than satis-
fied with the evening's activities.
Forming the background and keep-
ing the boards up to date with all the
latest quotations were the men in
Jimmy Dorsey and Kay Kyser's or-
chestra. It was reported that because
of the fine way the two leaders kept
things and the crowd humming, there
were no losses suffered in the trans-
actions carried out.
Ann Arbor's standing in comparison
to other leading stock exchanges is
not considered very high, according to
well-infored observers, but even
they assert that last night's showing
would stand out above any other
Curb's trading.
The local exchange was especially
redecorated for last night under the
direction of Lawrence Lackey, '39A,
and Jean Bleecker, '39A, chair-
men of the J-Hop decorations
committee. Coral, white and black
were used to carry out the formal,
modernistic design. The ceiling was
composed of nine longitudinal panels.
The booths, for the use of those
brokers who had secured seats on the
market, were draped in coral, white
and black. They were rather similar
to the '37 booths.
The governor's booth, filled with
patrons of the market, contained
more than 200 dignitaries, University
administrators, faculty members and
parents of committee members.
The new stock record is being cele-
brated with a round of house parties,
dinners and other entertainment.
Some groups have already begun the
supplementary business boom, while
others will be held through Sunday.

J. SPIEGEL ... .
JOE ZILCH.
GEORGE POOKIE.
MAZIE HOOTIE.
OXI E O'ROURKE.
JOHNNY G.
HALE CARN EG I E.

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Exclusive

ROBERT REID and MARIETTA KILLIAN