davidaulloa/AmericanStories huggingface dataset:
Evening star., 1953-05-24
Stocks Upward Swing in Week
Stirs Talk About Summer Rally

Oil brought in a major Williston
Basin producer. into distillers
when they were favored by
easier tax treatment, and into
aircrafts and airlines. At the
same time a score or more of
individual issues were favored
for their earnings or fattened
dividends.
All of the 10 most active issues
of the week advanced and in the
20 most active issues only two
declined on the New York Stock
Exchange.
The whole background of gen.
eral news was good. The Com
merce Department, for example,
reported the f1rst-quarter busi-
ness boom had continued on into
the second quarter.
The five most active issues on
the New York Stock Exchange
this week were New York Cen
tral up 20 at 1884 with 10000
shares traded; American & For
eign Power up q at 1913; Pepsi
Cola up 70 at 1873; American
Car & Foundry up 4A at 48,
and Montana-Dakota Utility up
- at asa.
Evening star., 1953-05-24
BY Roder Wineet
ASSocioted Press Financial Writer


NEW YORK, May 23.-The
stock market broke out of its
narrow range this week with the
strongest advance of the year.
The rally on Wednesday was
hailed as the possible forerunner
OF the traditional summer rally,
BY the end of the week, however,
some Of the earlier enthusiasm
had waned.
Nevertheless, a general air of
optimism surrounded the stock
market. No bearish develop
ment of magnitude was sighted.
On the week the Associated
Press average was up $1.20, the
fourth straight weekly advance.
The daily average volume at
1857, 900 shares also was the
best of the past four weeks.
The search for buying oppor-
tunities continued. Railroads
were high favorites, spotlighted
by their good earnings reports.
At one time or another during
the week there were quick shifts
Of buying into oils when Shell
Evening star., 1953-05-24

Soon after Pearl Harbor no
became President Roosevelt's
naval aide and later commanded
a North Pacific task force in
World War II. He was made
vice admiral in 1916 and from
1948 to 1949 served as deputy
COMMUNICATIVE chief of the Pa
cific Fleet.
His headquarters will be in
Boston.
Ladies' Committee Named.
Mrs. George A. Didden, jr,
wife of the president of the Ma
tional Capital Bank. will be
chairman of the Ladies' Com
mittee for the 35th annual con-
vention Of the District Bankers
Association at Atlantic City.
N. j., June 10-14.
Mr.. Didden is president of the
association this year. Other
members Of the committee in
clude:
Mrs. Francis E. Robey. Mrs.
w. Hiles Pardoe. Mrs. Walton l..
Sanderson, Mrs. Ralph Endicott,
Mrs. Daniel j. Callahan, jr.;
Mrs. Justin D. Bowersock, Mrs.
Frank M. Perley and Mrs. Joseph
r. Fitzpatrick.
Ad Club to Elect.
The annual election of the Ad-
vertising Club of Washington
will be held at a luncheon at
Hotel Statler Tuesday.
District Control, Controllers
Institute of America, will be ad-
dressed by Harry E. Howell.
certified public accountant and
attorney, at a dinner meeting at
the Carlton Hotel Tuesday.
The Bank Women's Club Of
Washington will hold dinner
meeting at the Dodge Hotel to-
morrow starting at 7 pm. Men,
bers from the McLachlen Bank
ing Corp. will be hostesses.
International Business Ma
chimes Corp. will give a preview
showing Of its new f1lm. "Pierc-
ing the Unknown" on Wednes-
day and Thursday at the May
flower Hotel. The aim describes
the development and use Of elec-
tronic calculators in science. re-
engineering and indus
try and includes the announce
ment Of IBM'S latest giant
brain"
Evening star., 1953-05-24

North and South Carolina. Ten
neSsee, Kentucky, Alabama.
Georgia, Florida and the District
of Columbia.
Mr.. Dyer is completing a two
year term as president of the
District Building and Loan
League. He is secretary of the
Perpetual Building Association
here.
j. Leonard Eckenrode of Ball
timore, retiring president of the
group. reported the Baltimore
meeting set new attendance rec
ords with more than 700 dele.
gates registered. The 1854 meet.
ing will be held in Tampa, Fla.
Druggists Plan Meeting.
The District Pharmaceutical
Association and auXiliaries will
hold their annual convention
June 8 and 10 at the Shoreham
Hotel. Association President
Aaron A. Paulson announced
speakers at the tWo-day meeting
will include:
Claude E. Smith, vice preSi-
dent and retail promotion man.
ager of McKesson-R Robbins; Har-
old J. Bobys, lecturer. CPA,
George Washington University;
James E. Allen, vice president OF
Henry Gilpin Co., and Maurice
Mermey, director. Bureau of Ed
ucation on Fair Trade.
The convention committee is
headed by Miller Poppleton and
Henry Whittlesey.
ID. G. Insurance Sales Lag.
In contrast to Nation wide
gains, sales of ordinary life in
Surance in the District of Colum-
bia were below a year ago in
both April and the first four
months of this year. the Life In
surance Agency Management AS
sociation reported yesterday.
April sales here amounted to
11,345.o 900, a drop of l6 per cent
from April. 1852. -Four months
sales of $42,273,OOO were 7 per
cent below the like 1852 period.
Sales across the Nation in
April averaged 20 per cent above
April, 1852, and four months
sales were up 19 per cent. Sales
in all other leading cities listed
III the report were we'll above q
year ago.
Admiral McCrea Appointed.
Rear Admiral John L. Nc
Crea, for many years a resident
of Washington, will become a
second vice president of the
Evening star., 1953-05-24

Loan League
at the annual
session in Bal
timore yester-
day.
His election
places him in
line for the
presidency of
t he grou p
three We ar S
hence. Th e
group includes
associations of
M a r VI a n d,
Virginia, West
II :
Evening star., 1953-05-24
Commodity Prices

NEW YORK. May 25 R.-The Asso-
itS prices dropoed slisRtiv y" this IS'i..e EEK
compared with q week go. The index
stood at 175-61. down rom I16 Al
week ago and 1S4 35 in the correaponn-
ing week year ago Moving lower were
industrial. food. livestock. grams ard
cotton and textile prices. Non-ferrous
metals were the only component to move
higher.
Evening star., 1953-05-24

j ohm H a n
cock Mutual
Life In S u T.
ance Co., eff
fective July /.
Now M
m a n dant OF
the lSt Ma
val District in
B o S t on, he
will retire as
vice admiral
j un e |. He
has had a dis
ting u j S h e d
n a va ca
Evening star., 1953-05-24
W. H. Dyer Is Elected
Regional Officer Of
Savings, Loan League
By DonoId B. HodIey

William H. Dyer of Washing
ton was elected treasurer of the
Southeastern Group Conference
of the United States Savings and
Evening star., 1953-05-24

tUnit OF trading 10 shares. I'm bankruptcy OF
recelverShip being reorganized under the Bank
ruptcy Act securities assumed such compa MES
Rates OF dividends foregoing table are annual
disburseme based the last quarterly or semi
annual declaration Unless otherwise noted SPECIAL
or extra dividends not included CID Called
Ex dividend. Il Ex rlgnts Also extra or extras
o Annual rate plus stock dividend d Declared or
Payable in STOCK estimated cash value on ex-
dividend date g Paid or declared far this year
II Declared paid after stock dividend or splitup
x Declared or paid this year. accumulative issue
with dividends in arrears. Paid this dividend
omitted decree or no action taken at last dividend
dend. Liouidating dividend vi When issued. x-dis
A1-dtDeE1bution- Nd When distributed.