davidaulloa/AmericanStories huggingface dataset:
Evening star., 1953-09-11
Market Decline,
Lowest for Year,
Affects All Sections
By the Associcted Press

NEW YORK, Sept. 1.-THE
stock market fell to new low
for the year today with heavy
selling.
The decline extended to all
sections of the market. Indivi-
dual losses of between l and 4
points were frequent. Some
stocks lost a little more than
that.
Volume built up swiftly as
prices declined and the high
speed ticker tape fell behind in
reporting actual transactions on
the floor of the New York Stock
Exchange. This is the first time
the tape has been late since early
in April.
The fast pace was at a rate
we'll above yesterdays 100000
shares when the market backed
down sharply.
Prices were lower at the start
of trading today. Sentiment
throughout Wall Street was
bearish. Railroads yesterday
were down to a new low, and
today the industrial segment of
the market broke through the
previous bottom. That consti-
tuted a sell signal for many
short term traders. Other SELL
ing soon was brought into the
market.
Railroads, motors and steels
were most active, but utilities,
oils, coppers. distillers, chem
icalS and other major divisions
of the list we're also lower.
The heaviest part of the SELL
ing furry lasted less than Is
minutes at the start of the third
hour. There was a little recov-
cry from the lows when the
burst spent itself.
The Associated Press average
of so stocks at noon was off 10
cents at $102.01, a new low for
the year.
Stocks hard hit by the selling
included Atlantic Coast Line
Railroad. Pennsylvania Rail-
road, Illinois Central, Northern
Pacific, Sinclair Oil, Texas Pa
cific Land Trust, American Tele-
phone, Du Pont, General Elec-
t1c, U. S. Steel, Chrysler, Stude-
baker, Boeing, Schenley Indus
tries and Paramount Pictures.
Evening star., 1953-09-11
Chicago Livestock

CHICAGO, Sept II up (uSDA,.---
Sfaisoie ft,t hogs 1000; opened slow, later
Ialrly active. around - lower on bufcn-
erS sowS SLOW. 50-75 lower with in
stances 90 lower; most choice l90-a40-
pound butchers, "a 75-25.25; small lots
33O-250 pounds. 3535, and half load
:5Ooa24;75; Sows 400 pounds and Iieht-
er - ,0O-24. 90; bulk 4OO-5OO pounds,
II O0-2: 70; good clearance
SaIable cattle, l,500; available calves,
zoo; limited supply all classes slaughter
cattle steady with Thursday; good and
choice steers and mixed yearlings, is 90
200; load high-choice and prime
around l,25O-pound steers, $500; few
commercial, l3.00-l1.OO; utility and
commercial cows, l0.5O-l30O; few hcif-
erS type to 1900 and above; Gamers
and cutters mainly gOO-lO.5O: utility
and commercial bulls, II Ou-I4 90; good
heaVy and medium weight fat bulls,
1000 go; commercial to choice veal
ers. ~ 90? 90; culls down to 1900.
Salabie sheep. 500; active; slaughter
lambs and yearlings mostly 50 hieher:
Slaughter ewes about steady; good 10
prime native spring slauqhter lambs,
IS,5O-:l 30: few 2l.15-2!2 90; most Gull
TO loW-eood l0.0u-15 30; deck mostly
choice SS-pound No. | skin yearlinRS,
1000: deck utility and good SIS pounds,
loo; Gull to choice SLAUGHTER ewes.
Evening star., 1953-09-11
New York Cotton

NEW YORK, Sept. II iP.-Cotton
futures continued to display an easier
tone in forenoon trading today Further
hedge selling DISCOURAGED any. rallying
tendencies Spot Arms continued to
transfer hedges from near TO later
months in a limited way
The New York Cotton Exchange serv-
ice estimated domestic cotton consunhp-
ton for the four week period August
30 at 725.O00 bales against 100000
in the fye week period June 2S-August J
and IA. 600 in the four week period
August 3-3O a year ago The daily rate
of use for the latest period was about
36.300 bales against 20. 500 in the
preceding period and $1,000 in the same
peroid a year ago.
Washington reports were that the
House Agriculture Committee will soon
hold hearings to sound out sentiment
of producers on possible two price
system for cotton. The present 90 per
cent of parity price support program
expires at the end of 1854.
Noon prices were ; to 40 cents bale
lower than the previous close. October
33.26. December 32.55 and March 1890.
Evening star., 1953-09-11
inventories Remain
Unchanged in July
At SIT Billion
BY the Asseeiated Press

Business inventories were esti-
mated at SIT billion on July 81,
virtually unchanged from June
despite the fact that stocks nor
mally decline in July, the Com
merce Department said yester-
day.
Adjusting the figure to the
seasonal pattern, the depart
ment reported a $500 million
increase in the book value for
the month.
However, total business sales
set a new record of $48,894, ,000,-
600. up $3.50 million for the
month. The ratio of stocks to
sales volume was still somewhat
under that of July, 1852, the
department said.
About rs per cent of the in
crease in inventory value was
at retail, due mainly to a rise
III stocks of automobile dealers.
Automotive inventories were
at postwar high and probably
at an all-time peak, Commerce
officials said However. the
stocks were described as being
not yet out of line with sales.
The motor vehicle inventories at
retail were valued at $3,922.-
100000 as against $2,594. 900 900
in the same month a year ag6.
About three-fourths of the stocks
were used cars.
Manufacturers inventories in
July were $3.50 million higher
than at the end of June, the
report showed. Wholesalers
stocks were unchanged. Re-
tailerS' inventories were about
500 million above June, on the
seasonally adjusted basis and
were estimated at $40, 400 ,0OO, 600.
Evening star., 1953-09-11
Business Briefs
Rail Freight LOadings t

Rail Freight LOadings totaled
799,079 cars for week ended
September S. a drop of 1882
cars, or "a per cent from the
previous week. but 7 per cent
above the same week last year.
Association of American Rail-
roads.
Department Store Sales last
week were unchanged from same
week year ago. Sales dropped
in five Federal Reserve Districts,
increased in six and held even
in the other district.
Steelmaking Furnaces in the
United States poured over 114,-
100000 tons of steel in the past
IL months, far above the great
est previous IL months output
in this or any other country
American Iron and Steel InSti-
tute,
Heavy Construction contract
awards in the week ended Mon
day showed a substantial gain to
reach $320,985, 900. covered by
only four days reports, compared
with $273,524.000 the previous
week and $264,618.00O in the like
week last year.-Engineering
News-Record and Construction
Daily.
Auto Production will drop this
week to 98,005 cars and 18,442
trucks, because of Labor Day
shutdowns and output cuts by
some of the smaller companies.
-Automotive News.
Crude Oil daily average gross
and lease condensate production
decreased $4,000 barrels in the
week ended September 5, totaling
6,533,900 and compared with g.
100000 barrels a year ago.
American Petroleum Institute.
American Gable g. Radio Corp.
today reported for the six months
ended June 80 net income of
1926. STA, equal to Is cents per
common share on operating rev.
enues of $12,902,690. In the like
period year ago the company's
net was $377 ,408 or IL cents
share on operating revenues of
$12,726,151.
Briggs Manufacturing Co. de-
clared a dividend of IS cents a
share on common stock, paya-
BILE September 80 to sharehold-
ers of record September 81. The
company paid 81 in June, prior
to which it had paid IS cents.
Other earnings include.
Evening star., 1953-09-11
Chicago Grain

CHICAGO Sept. / OP3.--Most grains
sold off on the board of trade today but
soybeans managed to make small gains.
Selling hit hardest in corn. reflectinE
smaller than expected drop In tbs
Agriculture departmept'S estimate on
corn production issued late yesterday.
The grain drew support from expol
houses. rejecting sales TO Japan, which
cushioned the decline.
The gain in soybeans reflected a
larger drop in the Government crop
estimate than the trade had expected.
plus f1rmneSs in fats and oils.
Wheat near noon was va lower,
September Sl.9l. corn 's-l94 lower Sep-
tember 81. .5S, oats Ss-7R lower. Septcm-
Der 13iA, Soybeans 's7s higher Sep
tember So .62la; and lard 20 cents lower
tcmher s l4 e.
Evening star., 1953-09-11
New York Produce

NEW YORK, Sept. II CP,.-Rutter
50 .99S; steady. prices UNCHANGED
Cheese, l16.2SO; steady, prices 'un-
changed
wholesale egg prices held steady today.
EGGS, l3,S0l: steady.
New York spot quotations. based
largely on exchange trading, follow:
MidweStern, mixed colors. Fancy
heavyweightS. Go; extra j large, 81;
extra ! medium, Al; extra / punetS,
30-3? standards large, 5O-5l; current
receipts, 90 dirtieS, 45; checks, 37la.
Whites Fancy heavyweightS %; exc
ira l large, 60 extra | medium. ~.
Browns. Fancy heavyweishts. e.; exc
ira ! large. 50; extra | medium, A.
Nearby, whites. Extra fancy heivv-
weights, 7!-73; mediums. Al; pullets.
-; peeWees, 20
Browns. Extra fancy heavyweiehts.
81; mediums. 46l2; pullets. 33l2; pee
Evening star., 1953-09-11
Foreiqn Exchunoe

NEW YORK, Sept. | P.-Foreisn
exchange rates follow Great Britain in
dollars, others in centSD
Canadian dollar in New York open
U. S. cents. off L:I2 of a cent.
Europe: Great Britain (pound), SOFA,
of IA of a cent; Great Britain 3O-dav
futures, 2.19is, of "a OF cent: Great
Britain. to-day futures, 279a4. of a Of
a cent Great Britain, 90-dav futures.
2.79l2. off "a of cent; Beleium (francl,
2.O034. unchanged: France tfranCD. asa
Of cent, UNCHANGED; Holland (Ruilder),
26; "a. up .0li2 Of cent; Italy nirab
.l6ls OF cent, UNCHANGED; Portupat
teScudoi, $50, unchanged; Sweden,
(kronah 1884, UNCHANGED; Switzerland
francl freel. "334 "a UNCHANGED: Dem
mark tkrone). l4.32. UNCHANGED.
unchanged; Brazil tfree), 365 un-
changed; Mexico. ! l.bI, unchanGed;
Far East; Hong Kong dollar, l. .55,
Evening star., 1953-09-11

t er t ainment
or m a n y
w a S h ington
business a n d
( i n a n CT a !
groups in re-
cent ye a + S,
including Dis
trict Bankers
A S soci alton
on ventionS,
has opened a
New York Of
flee.
Under t h e
name, j a C k
Evening star., 1953-09-11

Morton Pro- Mr' "Or'Oh'
ductions, headquarters will be
maintained here. but the New
York Office will permit broader
and better service for companies.
trade associations. conventions
and industrial organizations, Mr..
Morton said.
Aheurn on Detroit Panel
John j. Ahearn, manager of
public relations and advertising
for American Security & Trust
Co., will lead a panel at 38th
annual convention of the Finan-
cial Public Relations Association
In Detroit October Ills.
One of "a scheduled, Mr.
Ahearn'S panel will discuss out
door and transportation adver-
tising and bank signs.
Joins AU Committee
Tobe of fashion fame has ac-
cepted membership on the Mer-
chants Advisory Committee of
American University, it was an
nounced.
Thomas Trone has been
named sales representative for
Trans World Airlines in this
area. He was formerly super
visor of TWAS international
reservations department here.
Evening star., 1953-09-11

Hourly sales on the Exchange.
HOO am 500 600 IL noon $50 900
100 pm / 800 900 200 p.m.- 600 600
tonit Of trading 10 shares Elm pank-
ruptcy OF recelyerShip or being reorgan-
ized under the Bankruptcy Act or secur-
tiles assumed by such companies. Rates
of dividends IN the foregoln9 table are
annual disbursements based on the last
quarterly OIL Semiannual declaration
CnleSS otherwise noted. special or extra
dividends are not included cid Called
Z Ex drvldeno xr kx rights Also extra
or extras, b Annual rate plus stock div
Idend Declared or paid in 1858 plus
stock divlQenu Pa1u last year Pay
ex-diyidend Date Paid or declared SO
faI this year b Declared or paid after
stock dividend OF Splitup. Declared or
paid this year an accumulative issue
with dividends in arrears. o Paid this
year dividend omitted. deferred or no
action taken Al last dividend meeting
r Declared or paid IN 1852 plus stock
dividend Liuuidating dividend vi When
issued kids Redistribution. wd When
distributed.
Evening star., 1953-09-11
Odd-Lot DEALINGS

NEW YORK. Sept. II tP,.-The New
York Stock Exchange reported today
these odd-lot transactions by principal
dealers on the exchange for September
10: Purchases of I2i.a03 shares on
4-3S5 orders: sales OF l00Tt1 shares
on 3,5@a orders, including l.l5l shares
sold short on 81 orders.
Evening star., 1953-09-11
Metal Quotations

NEW YORK, Sept. II GP.-Spot non.
ferrous metal quotations today: Copper
@9-30 cents pound, Connecticut Valley
Lead, IA cents a pound, New York
Zinc, 10 cants q pound, East st. Louis
Tin, S2Ea cents pound. New York.
PITTSBURGH - Scrap steel No. |
heavy was quoted today at 42.00-43. 90
Evening star., 1953-09-11
July Hotel Sales Down

Hotel business here in July
Jagged per cent behind a year
ago, after showing consistent
gains earlier in the year, it was
reported by Horwath & Hor-
wath, hotel and restaurant &C
countantS.
Room sales were even with a
year earlier but restaurant sales
were down 5 per cent. Included
in the latter was a per cent
decrease in food sales and 3
per cent decline in beverage
sales.
Later reports are expected to
show that August also was a
dull month. but a sharp pickup
Is indicated for September as
a result of the national conven-
ttion of the American Bankers
Association and other meetings.
Plymouth Showing Arranged
New 1854 Plymouth models
will be shown to dealers and the
press at the Shoreham Hotel
September 30, it was announced
today by F. w. Yale, Plymouth
regional manager.
Following a luncheon at 1890
pm, an inspection has been ar
ranged. New engineering and
design features will be explained.
Music Business Expands
Jack Morton, orchestra leader,
nrhn has nrnNided music and en-
Evening star., 1953-09-11
Lag in Store Sales
Evident Up TO End
Of Heat Wave
By Donald B. HodIey

Department store sales IN the
Washington Metropolitan Area
for the year to date remained 2
per cent behind a year ago on
September 5, while downtown
department store sales were off
5 per cent, the Federal Reserve
Bank of Richmond disclosed to-
day
The heat wave, which put a
crimp in Washington retail trade
through August, ended on Sep
tember S and the latest report
did not reflect the sharp sales
pickup indicated for the last
week.
In the week ended September
5, area sales were 8 per cent be-
hind a year earlier and for four
weeks ended the same date, they
were down 10 per cent.
Downtown sales for the week
were down Is per cent and in
the four weeks were lower by the
same margin.
Compared with the preceding
week, area sales were up l per
cent. but downtown sales were
off 3 per cent.
Evening star., 1953-09-11
Bonk Declares Extra

c. F. Jacobsen, president of
the National Metropolitan Bank,
today announced the declara-
tion of special dividend of 8
per cent or $1.60 a share, pay
able December Is to Stockhold-
ers of record December 3. A
similar extra was declared a
year ago.
A regular dividend of 3 per
cent or so cents a share also
was declared, payable October IS
to stockholders of record Octo-
ber 4.
For each dividend books will
be closed between the payable
and record dates, inclusive.
Evening star., 1953-09-11
World Bank Issue COMING

The international Bank for
Reconstruction and Development
will market a $75 million Offer
ing Of 3-year bonds on Septem-
Der 20, President Eugene r.
Black announced yesterday.
Underwriters will be under the
management of Morgan Stanley
& Co. and First Boston Corp,
Mr.. Black said. The interest
rate will be determined by mar
ket conditions at the time.
The offering will be designed
to meet the demand, both in the
United States and abroad. from
institutional investors and COM
mercial banks for high-grade
bonds of short maturity.
Evening star., 1953-09-11
Chamber Names 3 DC. Men

Three Washington executives
will serve on the 1854 Com
mittee on Government Expendi-
lures of the United States
Chamber of Commerce, Presi-
dent Richard L. BoWditch an
nounced.
They are Rear Admiral
Frederick J. Bell, executive vice
president, National Automobile
Dealers Association; Miles L.
Colean, construction consultant,
and George Cline Smith, Secre-
tary manager of the chambers
finance department.
Russell C. Harrington, resi-
dent partner of Ernst & Ernst,
Providence, r. l.. will serve as
committee chairman. The
committee of 81 executives will
meet here September 16.
Evening star., 1953-09-11
NEW YORK STOCK EXCHANGE|M;

FURNISHED by the Associated PresS.1
Sales
Stock and Add Net
Dividend Rate 90. High. Low. 1:15. chg.
Evening star., 1953-09-11
Washington Exchange
SALES.

| SALES
Pot Elec .Pwr--30 at 179s. 3 at 17H.
Natl Savings TruSt-10 at So.
| Wash Gas Lite at 3O3s
| Woodward <. Iothron-ln at oSI.
Evening star., 1953-09-11
Music Business Expands

Jack Morton, orchestra leader,
who has provided music and en-
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1953-12-17

BRIDGES GRADUATES
Philip N. Bridges, 800 Randolph
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1953-12-17

ent are making their home with
Mrs. Wooden's parents, Mr.. and
Mrs. Charles w. Beall. Sgt. Wood
en- is now stationed at Boiling
Field.
Recent dinner guests of Mr.. and
Mrs. Robert Ward were Mr.. and
Mrs. j. Fuller Groom and their
daughter Miss Audrey Groom of
Arlington, Va.
Mrs. Robert Stout will leave on
Saturday for an extended visit with
her son and daughter-in-law, Mr.
and Mrs. Joseph Stout in West
Haven, Conn.
The Ladies Auxiliary of the
Gaithersburg Washington Grove
Fire Department will entertain the
members children at a Christmas
party on December 10, at 8 pm. in
the Wesley Briggs room at the
firehouse. Santa will be there to
greet the children, so get your
lists ready.
Mrs. Evelyn Thomas entertained
at dinner last Sunday when her
guests were her mother, Mrs. Ed
gar Fulks, Miss Leona Fulks, Miss
Addie Watkins, and Mr.. and Mrs
William Lewis, all of Gaithersburg,
Mr.. and Mrs. Walter Shanholtz of
Vienna, Va, and Mr.. and Mrs,
James Hildebrand of Baltimore.
Mrs. C. E. Crawford entertained
at dinner on Saturday in honor of
Mr.. Alfred Christie who recently
retired from the Department of
Agriculture. Other guests were
Mrs. Christie, DR.. w. d. Barnett
and his daughter, Miss Edith Bar
nett of Bethesda, and Mrs. William
Robertson of Gaithersburg.
On Sunday Mrs. Crawford was
the dinner guest of Mrs. Bertha
Fendrick of Chevy Chase. Mrs
Fendrick returned recently from
Paris where she attended the we'd
ding of her son Daniel to Miss Bar
bara Cooper of Indiana. Other
guests were Mrs. Helen Smith, Mrs
Ruth Blocher and her daughter
Miss Phyllis Blocher, all of Chevy
Chase, and Mrs. Ethel Kastler of
Rockcrest.
1t will be a good Christmas fol-
Dick Tetlow this year for he has
arrived home after spending thir-
teen months in Korea. Just com
ing home was a big event, indeed
but Dick had a very special reason
for being happy for he met his
new daughter for the first time
After his 'furlough Dick will be
stationed at Camp Lejeune. Wei
come home, Dick.
Mr.. and Mrs. j. Fred Redding
will have as their guests for the
Christmas weekend DR.. and Mrs
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1953-12-17

Clinton de Baum and their daugh-
ter, Miss Louise de Baum of Wood
cliff Lakes, N. J.. Mrs. Redding's
mother, Mrs. G.. B. Lee of Glen
Burne will also be their guest.
College students arriving home
tomorrow for a much-needed rest
from their studies are Miss Bar
bara Bent, student at Connect
cut College for Women, and Billy
McGraw from Harvard.
Those who have been members
of Penthalpha Chapter o. E. S.
for twenty-five years or over will
be honored at the meeting on Fri
day evening. Before the meeting
Mr.. and Mrs. William Christie will
entertain at a buffet supper. Their
guests will be Mr.. and Mrs. Clar-
ence Burrier, Mr.. and Mrs. Harold
Webb, Mr.. and Mrs. Charles Yae-
ger, and Mr.. and Mrs. Ellington
Bond, all of Baltimore, and Mrs,
C. E. Crawford of Gaithersburg.
Miss Helen Davis of North East,
Md, will arrive on Wednesday to
spend Christmas with Mr.. and Mrs.
George Darby.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1953-12-17
KI.WIYES

The Ki-Wives of Rockville spon-
sored pre-holiday dance at the
Kenwood Country Club on Friday
evening for the benefit Of under
privileged children.
The affair was we'll attended and
included variety show put on by
several members of the XII Wives
Club assisted by Charlie Conner,
Whitley Miller and Drex Sprecher,
top hula dancers of the Kiwanis
Club of Rockville.
Hilda Copenhaver and Virginia
Sprecher served as chairman and
co-chairman respectively of this
financially successful party.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1953-12-17

Price. There will be no admission
charge but silver offering will be
taken.
The following Friday, December
10, the Gaithersburg High School
choral groups, under the direction
of Bill Earl, will present their an
1ual Christmas concert at 8:15 pm.
in the gym. The theme of this
years program is "The Meaning of
Christmas" The proceeds will be
used for the much needed new choir
robes. Price of admission: adults
65c; children, 35c.
The Friendly Bible Glass held
their annual Christmas party on
Monday evening at the home of
Mrs. Harry Pollock.
The Chapel Committee of Ascen-
sion Chapel will meet tonight
Thursday at the home of the
Rev. Rev. and Mrs. Stewart Labart
n Washington Grove.
Friends of Mrs. Doyle Lewis, the
former Miss Barbara Jean Fraley
will be glad to know that she, her
husband and their little girl Elaine
are now established in their home
near Denver, Colo. For their
friends who might like to have
their address before Christmas, il
is as follows: Mrs. Doyle Lewis
7735 Raleigh Street, Westminster
Colorado.
The annual All achievement day
banquet was held on Saturday eve,
ming at the Agricultural Center
Miss Patty Toms was the mistress
Of ceremonies.
Members of the Gaithersburg Ii.
brary Advisory Committee recently
appointed by the County Council
ere: Mrs. A. G. Kirkman; Mrs
R o b ert Ransom; Mrs. George
Darby and Mr.. Fred Colwell OF
Gaithersburg; Mrs. Lee c. War
field of Laytonsville; Mrs. George
Pughe of Washington Grove; anG
Mrs. Mary Margaret Allnutt OF
Germantown.
On Sunday morning at Ascension
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1953-12-17

In AND '''"" GaitherSburS
Mrs. george Darby GaihesbuH $40
GaithersburG $40

NM m II NM MISREPRESENTATION
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1953-12-17

Something unique in the way of
parties was given on Saturday eve
ming when Charlie White was guest
OF honor at surprise baby shower.
John Slicer and Charles Stiles who
were the hosts, thought it was due
time that fathers-to-be should re-
celve some recognition, so over
twenty friends were on hand to see
that Charlie was duly recognized.
The party was held at the home of
Mr.. and Mrs. Stiles on Meem Ave
nue..
Mr.. and Mrs. Murray Graves of
Williamsburg, Mass, who were re-
cent guests of Mr.. and Mrs. L. M.
Griffith, Jr.
From the number of children who
were on hand last Friday evening
to greet Santa Claus on his annual
visit to Gaithersburg, it would
seem that almost every child from
far and near was present. Santa
must have been a little tired by the
time he presented his 1200th bag
of gifts. Congratulations and
thanks to the Gaithersburg Bust
ness Mems Association for spon-
soring this project for the children.
Oh yes, thanks, too, to Santa Claus
who, by his graciousness, made
each child feel that his every
Christmas wish would be granted:
Don't forget that this Friday
evening at 8 pm. the annual con-
cert of the high school band will
be held i nthe gym. The band is
under the direction of Miss Freda