davidaulloa/AmericanStories huggingface dataset:
The Illinois times. (Champaign, Ill.) 19??-19??, 1953-07-20
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In th> finest radio repairs. Mod
srn tast equipment. We ara now
Accepting repairs On all radios.
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ROEBUCK AND co.
Champaign, Ill.
Evening star., 1953-09-21
Stock Price Advances
Range From 81 TO s.,
With Trading Quiet
By tho A.soeiu,ed Press

NEW YORK, Sept. 21.-The
stock market was higher today
despite several areas Of softnesS.
Gains in some instances went
to between ! and 2 points, but
the great majority Of plus signs
were small. Losses extended to
around a point in significant
areas.
Business was on the quiet side.
Railroads were far out in
front of the rest Of the market
while the automobiles were lag
gard. Also higher on balance
were steels. utilities. oils, chem
icals. aircrafts and radio-tele-
visions.
Rubbers were lower along with
the motors, while other sections
Of the market were steady or
narrowly mixed.
Among higher stocks were
New York Central, Baltimore &
Ohio, Westinghouse Electric, Du
Pont, Anaconda Copper, Consol-
idated Natural Gas. United
States Steel, Boeing and Radio
Corp.
Lower were Chrysler, Packard,
Goodrich, United States Rubber,
American Telephone and Gen
eral Electric.
Corporate bonds were quietly
steady. Government securities in
the over the counter market were
higher.
In the midst of all the bearish
talk in Wall street, some voices
are being raised with long-term
predictions of prosperity to come.
One of these is Edmund w.
Tabell of Walston & Co.. New
York Stock Exchange firm, who
says:
"The long-term technical pat
tern of the stock market is fav-
orable. ! believe the market is
less vulnerable at the moment
than at any time in the past two
years.
"To the holder of the average
stock, rather than the stock mar
ket averages. we have been in a
bear market since 1851. I be-
lieve we are much nearer the end
of this readiustment period than
the start.
after it is ended, I expect a
much higher level Of equity prices
for a number of years. The next
few months may be the last OPP
portunity to buy common stocks
at the favorable price to earnings
and price to dividend ratios avail
able TODAY"
Evening star., 1953-09-21
Produce Markets

Baltimore quotations supplied by the
United States, Agriculture Department.
~ Apes: weaker undertone. Bu. bakts.
up 1904 90. ga inch up 3.50.4 90;
Grimes 2a inch up 3.75. Pa. Delicious
u y s. nSS No Us Is inch 6 up sIRo: s5G Jonathans mans
No. is 2Is inch UP AS. VI. Va. Red
Delicious u, 8. No: Is ga inches UP
400, ga inch up 800. Md. cartons tray
ssst sSa: u s. Fancy Delicious lO0'-laS''
Potatoes: About steady. U. s. No Is
size A unwashed unless otherwise stated.
ID. stacks. 's5-1 90, Size " IS cents. erH Del.
50-lb. sacks Katahdins, 95-1.0O.
Sweet Potatoes: Barely steady. Blu. bkts.
=; os g. No Is; Md and " a. qooldens i. 50
bu. hpr. GoldenS. 1.00-25.
Beans and Beets.
Snap Beans-Bushel hampers and
baskets Maryland Valentines, $50; con-
ts tendfSs %bsst 55Si 3o0 tendersreenS' go
Lima beanS-slishtly weaker; bushel
hsWpsFs han IerseT DelsTsrs od heated 2oo-2'@S'
suseS. Sc Psnnssivania' I i"''sSs crates Il q
:, Broccoli.oPennsylvania, crates, 81
carrots--Topped, washed. New York
and New Jersey. 50-pound sacks. 1.25
Poultry Quotations,
Poultry--Market generally quiet Al
though trading was slightly improved
over the usual Monday with kosher trade
not be established. Heavy type hens
appeared slow, to move with few sale;
fryers sold fairly well at 33, one lol
Of heavy type turkey hens brought
4O-42; few higher, toms, 1898.
Grain Market.
Flour-Receipts. 20.239 1o0-pounc
Wheat-Receipts, 1s3,51s bushels
shipments, 33. 400 bushels; stocks, g.
S97 ,304 bushels. No. 2 red winter
garlicky, spot, domestic. 1872; No. 8
Corn-Receipts, 114,O79 bushels; ship.
ments. none. stocks, 312, 2,577 bushels
OatS-Receipts, 1900 bushels, ship
ments, none; stocks. none.
Barley--Receipts, none; shipments
none; stocks, 129.S35 bushels.
Rye-Receipts, 1852 bushels; ship
ments, none; stocks. 4.s91 bushels.
none: stocks. 65. 429 bushels.
Millfeed-Receipts, 49, tons.
Evening star., 1953-09-21
Premium Steel Prices
Reported Fading as
Demand Is Reduced
BY the Assoeioted Press

/. CLEVELAND, Sept. 21.-Re-
duced demand for steel has
caused iron and steel premium
prices to begin fading from the
market. Steel, the Woodworking
weekly. said yesterday.
That is the second phase in a
price readjustment, the weekly
said, which began during the
summer when demand for con-
version steel, a costly product,
disappeared.
Steel added:
IF the demand for iron and
steel continues to ebb, the third
phase Of readjustment will be a
general move on the part of
producers to absorb freight
charges. Already there is a
small amount of freight absorp-
ton"
Should further readjustments
be necessary, it continued, price
extras might be waived and base
prices cut.
The magazine pointed out
only a small portion of the Ma
tion's steel-producipg capacity
has been affected so far. Only
a small proportion of total steel
output was in conversion ton
mage, it said, and only a few
small producers were charging
premium prices.
Evening star., 1953-09-21
New York Cotton

NEW YORK Sept. 21 0R.-Cotton fu.
tures moved in narrow range durins
the forenoon today. with prices near the
lows Tor the day. However. leading spot
the market .noticeably, because OF the
proximity of futures to loan levels. There
vas some transferring Of hedges from
There was some further switching from
nearby October to later months, prior
| to first notice day on Thursday. Export
foreign countries at the moment. ia
pan and Germany bought cotton here
during the past week. it &as reported.
bale lower than the previous close
October, 32. 7S; December, 33.07. and
March. 33.43.
Evening star., 1953-09-21
Bankers and Builders
Differ on Volume Of
Home Loan Funds
By Sam Dowson
Associated Press Finunelct Writer

NEW YORK, Sept. 21.-Bank-
ers and home builders are at
odds today over whether there's
enough money around for mort
cages.
And Government officials are
expressing concern over the mild
slump in home building.
A showdown in production is
reported by some firms supply
ing builders.
The start of National Home
Week today finds spokesmen for
the builders charging that mort
gage lenders are returning to
horse-and-buggy financing, with
high down payments, high
monthly payments, higher inter-
est rates and second mortgages. I"
The president of the National
Association of Home Builders.
Emanuel M. Spiegel, presumably
speaking for its $4,000 members,
asks: Are we to repeat the pat
tern of the '20s and the Bit
ter years that followed?"
The president of the American
Bankers Association. w. Harold
Brenton, however, says there's
plenty of mortgage money.
Mortgages will cost home
builders more than they did two
or three years ago, admits
Charles L. Clements, president
OF the United States Savings and
Loan League. The typical nom
veteran borrower will pay around
S to 51a per cent. And down pay
ments are higher.
But Mr.. Clements says mort
gage money is in ample supply to
meet a healthy demand-within
the scope of the administrations
sound money" policy. Higher
interest rates have followed this
move to harden the dollar and
halt imitation.
Home building has Slackened
off some this summer. Housing
starts reached a peak In April
OF 111,000 units. In August pri-
vately owned housing starts
dropped to $4,000, although for
the first eight months of the year
their total was still running
ahead of last year.
Evening star., 1953-09-21
Business Briefs
Construction Contract awards

Construction Contract awards
for August in 81 Eastern States
totaled $1.414,408, 900, down 21%
from July and go less than Au-
gust, 1852; for 8 months Sill
1888, 900, up 4%o from 1852
F. w. Dodge Corp.
TelevisiOn Sets shipped to
dealers in July totaled 313.012
against 288,247 in the like month
a year ago: for 7 months 1885,
262, up 39% from the 1852 Pc
riod.
Farm Product Exports in the
year ended June 80 totaled $2.8
billion, a decline of $40 from
the previous year. Cotton sales
abroad were off 500 and wheat
and flour exports off 36%.-Ag-
riculture Department.
Manufacturers over the Ma
ton will spend a record $1.3
billion on box top offers and
premium advertising this year,
according to the Premium Ad-
vertising Association.
Pan American World Airways
set new record for tranS-At-
lantic passengers carried in one
week when it flew 4,106 persons
across the Atlantic in the 7-day
period ended September 5.
May Department Stores in
II nonthe ended July 81 earned
16,724,000 or $2.67 a share VS..
$15,818,000 or $2.51 in 1852 pe-
riod.
N. Y. State Ell. & Gas Co. in
IL months ended August 81
earned $8.449,847 or $2.67 a
share vs.. $7,419.404 or $2.36 in
1852.
Armour & Co. in 80 weeks
ended August l earned $5,717,-
908 or 85 cents a share VS.. ST.
S75, ,981 or $4.15 on the preferred
in the 1852 period.
Wisconsin Public Service in
IL months ended July 81 earned
81, ,220,648 or $1.63 a share VS.
So, ,435,87 or $1.39 in 1852.
Wash. Water Power Co. in IL
months ended August 81 earned
1867. 1876 or $1.69 a share VS..
$4,093,191 or $1.66 in 1852.
Calf. Water Service Co. in
IL months ended August 81
earned S1,558,090 VS.. $1,170,o35
in 1852.
City Investing Co. in 3 months
ended July 81 earned $210,453
or 20 cents a share VS.. $2,693, ,744
or $2.74 in 1852 period.
Evening star., 1953-09-21
Chicago Gruin

CHICAGO, Sept. 81 UR.-Grains
moved higher after o shRky opening on
the board Of trade today.
rather slow. Corn was the first cereal
TO start the upward climb. led by the
September contract. Trading in all
September contracts ends today
Wheat near the end of the first hour
was " to- l ~ higher: September, 1888;
corn was y to . cents higher: Septem-
Der. 1914; oats we're 9s to a higher:
September. 72ss soybeans were / Ia to 3
CENTS higher: September 2.62k; and
lard was so cents hundred pound low
er to IL cents higher; September, 1925.
-, Attention., was focused on action OF
corn and to a lesser extent soybeans.
With trading ceasing In these contracts
at the end of the session, brokers said
the open interest in both contracts was
September wheat, oats and rye.
The slight sellof at the opening may
Evening star., 1953-09-21
THE EVENING STAR Washington. D. C. A23
MONDAY. 1855 -

, have resulted from disappointment over
Agriculture Secretary Benson's speech
over the week end. Brokers seem to he
agreed 1t mainly reiterated Benson 4
previous position without containing
anything dramatically new.
In its regular weekly survey. the
Quaker Oats Co. said the corn crop was
far ahead Of normal this year. with no
likelihood the market would be bur.
dened by soft corn, as has been the case
in some recent years.
Soybean harvesting was expected to
pick UP speed this week. According to
reports received by James E. Bennett
| a. Co., yields in Illinois will not run as
high as last year. Around Quincy, it
was said yields would be one-thtTd to
one-half smaller than in 1852.
Decatur. expected Yields to be ABOUT
five. bushels less an acre than last year.
and Danyille about 5 to 10 bushels
lower. Sikeston, Mo-. said many fields
were being cut for hay. Sioux City,
Iowa, said Yields should run Is to %
oushelS to an acre, or about 5 to 10
bushels under 1852.
Evening star., 1953-09-21
Dividends Announced

NEW YORK. Sept. 21 (PJ.-Dividends
announced;
Extra.
Pc Stk. of Pay.
Evening star., 1953-09-21

Hourly Sales on the Exchange.
II:Ou am 22o 600 IL noon 4Ao ooo
1900 pm. o1o 600 200 pm. GOO 600
tUnlt OF trading ~ shares sln nanK.
cuptcy or receiverShip OF belns reorgan'
lied under the Bankruptcy Act, OF secur'
tiles assumed BY such companies. Rates
of dividends In the foregolng table are
annual disbursements based on the last
quarterly OF semiaEnual declaration
Unless otherwise noted special or extra
dividends are not included cid Called
Ex DIVIDEND xI Ex rights q Also extra
or extras Annual rate plus stock div
idend d Declared or paid IN 1868 plus
stock dividend Paid IAss year Pay.
able In stock. estimated cash value on
ex-diyidend date g PAID or declared 60
far this year b Declared or paid after
stock dividend or splttup. + Declared or
paid this year. an accumulative issue
with dtyidends IN arrears Paid this
year. dividend omitted, deferred or no
Declared or paid In 1852. plus stock
dividend Liquidating dividend. vi When
issued. x-dts Ex-diStrihution. wd When
distributed.
Evening star., 1953-09-21
Odd-Lot Dealings

NEW YORK. Sept. IL dPb,--Ths New
York Stock EXCHANGE reported todav
these odd lot transactions by principal
dealers on the exchange for September
IS: Purchases of 1876, ,967 shares on s.
051 orders: sales of 111,27S shares on
3.976 orders including 3,414 shares sold
short on Sc orders.
Evening star., 1953-09-21
Metal Quotations

NEW YORK, Sept. 21 (F,.--spot non
ferrous metal prices today: Copper, 29-
Lead. 1914 cents a pound, New York.
Zinc, 10 cents a pound. East st. Louis.
Tin, STA cents pound New York.
At Pittsburgh scrap steel No. / heavy
was quoted at 4O,O0-41
Evening star., 1953-09-21
Third of Cunodiuns Insured

OTTAWA.-There were more
than 5 million life insurance
policyholders In Canada at the
start Of 1858. Canada has q
population Of about 14.5 million.
Evening star., 1953-05-19
Doris FIeeson:
Eisenhower Solution Awaited
Congress, Once Bitter Toward Dictator Presidents,
Now Looks to White House for Financial Policies

One of President Eisen-
hower's most eager listeners
tonight will be Senator Eu-
gene D. Millikin, chairman
of the Senate Finance Com
mittee.
Senator Millikin is a genial
conservative whose motto is: Il
dc not war with history. I CO.
operate with the inevitable"
His immediate problem is that
in the pressing matter of taxes.
which are the province of his
committee, he has not been
able to pin down either CO.
operators or the inevitable.
He hopes that the President
will make the inevitable,
whether grim or glorious, un-
mistakably clear and that the
House Ways and Means Com
mittee will decide at long last
to do the cooperating. Bar
ring this he takes the same dim
view that Senator Taft does Of
the tax future.
For Senators must wait
upon the House in tax bills,
by constitutional fiat. And in
the present House. taxes are
In deadlock between the lead
ership and Chairman Reed Of
Evening star., 1953-05-19
Fletcher Knebel::.
Potomac Fever

goes the radio this evening to
tell about taxes it hadn't been for the Democrats
taxes would be lowerf it hadn't been for the Russians
Bill Oats back the United States after
Communist Jail. Reds getting awfuy charitable
toward day they permit invent the
game of baseball.
Gen. Ridgway tells Congress we're gravely short of
in Europe Don't worry The Pentagon working
plan of balanced defensewel be shorter of
planes in Europe than will be here.
Capt Joseph Mcconnell becomes the worlds first jet
in Korea He's got future in the Air Force-whch
more than you say this year for the Air Force.
The National Manpower Council we're short Of scien
fists There's much competition. brilliant engineering
students SPELL fiction
cant-they become football coaches
Representative Sutton of says against
Senator Kefauver next Congressman spends half his
running for the Houseand the other half running
of it, "-
Secretary Of the Interior Mckay approves of So
million to two Indian tribes The Republicans
things much that the Indians the back
to them after all.
Evening star., 1953-05-19
CIO TeesOffonPresidentiu|G Golf
American People Want Their Chief Executive Healthy
Eisenhower Deserves Rest After 6O-F4our Week

the latter's appearance as
lacking in robustness. The
comment was made that Gen.
Eisenhower looked thinner and
seemed to be missing the out
door life he formerly led.
Early in the administration,
Gen. Eisenhower resolved to
take Wednesday afternoons as
we'll as Saturday afternoons
off and to try to get in as
much relaxation during week
ends as possible. He has not
succeeded, however, in carry
ing out that resolution. For
the record shows that, since
he was inaugurated, he is at
work as early as seven o'clock
in the morning and spends at
least two to three hours in the
evening looking over reports
and reading official data sub
mitted to him. Even on his
weekend trips to Augusta
and on his recent cruise to
Annapolis, he carried official
papers with him and worked
at his job for many hours. On
his four days on the yacht
Williamsburg he worked every
night, and Saturday night till
one-thirty with members of
his staff on his speeches for
this week.
1t is unusual for any Presi-
dent to be granting engage
ments for Saturday mornings.
but Gen. Eisenhower has spent
13 Saturdays thus far at the
White House seeing people.
His luncheons and dinners on
weekdays have been on public
business almost without ex-
ception. He is putting in
longer days than the public
has known about.
But even if a President de-
cided to keep union hours and
work 40 hours a week and play
the rest, would the CIO Politi-
cal Action Committee think
this was wrong? Is there no
Evening star., 1953-05-19
Rodford Faces q Tough Fight
Senator SYnington to Lead Forces Against Confirmation
Of Admiral as New Chairman of Joint Chiefs Of Stoff

that they should have a say-so
in the international organiza-
ton Of our military establish
ment.
The well-known Paris news
paper lie Monde. a strong sup
porter of the European neu-
tralist movement. commented:
There is a certain discom-
fort in diplomatic circles over
the selection of men who have
the reputation Of being tough
at a time when United States
diplomatic activities call for a
greater t1exibility. The pres
ence of Admiral Radford
among the Joint Chiefs Of
Staff-a brilliant personality
whose concepts are close to
those of MacArthur-will cause
concern to the Europeans for
whom, to a certain extent, Sir
Winston Churchill became the
spokesman yesterday. Many
observers think that if the
truce talks at Panmunjom fail,
Admiral Radford will urge new
military action to be carried
out with the greatest Arm
ness"
1t appears that this concern
expressed by the leading neu-
tralist newspaper in France is
being shared by a number Of
people in Washington who are
now driving to develop suf-
fcient opposition to Gen.
Eisenhower's nominee to pre-
vent his confirmation by the
Senate.
Some of these people are
spurred by motives similar to
those expressed in LIE Monde
that Admiral Radford may
advise a firm policy in the Far
East, which incidentally Is
shared by the bulk Of the ad-
ministration. Others are moved
by fear that he may wish to
slow down the uniflcation of
the armed forces. And, finally.
the rest of the Admiral's OPP
ponents seem afraid that he.
as chairman of the Joint
Chiefs, may use his position to
reduce the Air Force to the
role of a mere auxiliary to the
Army and the Navy. All these
arguments are based on f1imsy
foundations, but are bound to
be developed when hearings for
his confirmation start late this
month.
Evening star., 1953-05-19
Coveot Ennptor Club Growing
OId-Timer Reports Admission of Secretaries Benson
And Hobby on Strength of Rut-ondWeeviI Policy

to be absolutely fair with the
public and see that they do
not become too greedy or too
anxious to make an extra
dollar Now, what kind of
talk is that? Sounds like plain
interference, like substituting
Government control for the
natural processes of the mar
ket place. Of course, he may
not have meant anything by it.
And it may turn out that his
idea of what is merely greedy,
but not too greedy, is not diff
ferent from that of anybody
else who has something to sell.
Just the same, I imagine Sec
retary Weeks won't take Sec
retary Mckay into his club
until he is sure he isn't in
clined to be objective in mat
ters of this kind"
do you have to be a men,
ber of the cabinet to join?"
For the alpha chapter,
maybe you do, but there's the
making of a good chapter in
Congress: All the Senators
and Representatives who are
standing firmly against price,
wage and rent controls: even
against standby legislation to
be used in case of a national
emergency. And all the mem
bers who oppose low-rent
housing. And the members
now proposing to allow the
Evening star., 1953-05-19

man Of the Armed Services
Committee; Minority Floor
Leader Lyndon johnson, and
John Sherman Cooper, Ken
lucky Republican freshman
Senator.
In the second group which is
active in attempting to block
Admiral Radford's conflrma-
ton are "neo-liberals" and
"Europe-firsters" who regard
Admiral Radford as a strong
advocate of positive action in
the Far East and as a possible
tool of the China lobby"
This group is composed of
certain newspaper and radio
commentators, political men
outside Congress and pressure
organizations which have
fought bitterly any suggestion
of a strong policy against Red
China. 1t believes that the
new Joint Chiefs of Staff team,
with the possible exception of
the Air Chief of Staff. Gen.
Nathaniel Twining, is asia
minded" and too close for
comfort to Gen. Douglas Mac
Arthur's concept that there is
no substitute for victory. To
them Admiral Radford, a naval
aviator who has been in COM
mand of the Pacific fleet for
the last four years, epitomizes
the strategic philosophy of the
strong arm" in the Far East.
They fear that because of his
great ability he may impose
his views not only on his COL
leagues in the Pentagon but
also on President Eisenhower.
It is true that the Chief
Executive, who had known
Admiral Radford only casually
in the past, became impressed
with the admiral's personality
when he had the opportunity
to discuss global strategy dur
ing his visit to the Far East
last December. Gen. Eisen-
hover had heard reports that
Admiral Radford had been OPP
posed to the unif1cation of the
services, but was soon con-
vinced that this was not the
case and that the admiral was
as staunch a supporter of uni
fication as the rest of his col
leagues.
For the first time in many
years, the nomination of the
chairman of the Joint Chiefs
of Staff was noted in the allied
countries which seem to feel
Evening star., 1953-05-19

limitation to political attack
nowadays? The public policies
of a President are perhaps fair
game for political opponents,
but the personal life of the
President ought to be immune.
This correspondent a couple OF
years ago-when the corrup-
ton issue became a subject OF
widespread interest-had oc-
casion to write that Mr.. Tru-
mans tolerance for incompe-
tents in Office was case of bad
political judgment but that the
President himself was a man
of personal and financial in
tegrity. That defense won this
writer only the most severe
castigation from bitter parti-
sans who tried to besmirch Mr..
Truman's record in private
business.
The same thing happened
during the Roosevelt admin
istration. when there was an
unjustified criticism of a
member of the Presidents
family serving in the war zone.
The argument was made by
this correspondent at the time
that a Presidents personal
and home life should not be
dragged into politics.
The attack on Gen. Eisen-
hover because he is trying to
get some recreation to help
him keep his health is unwar-
ranted and unfair, and if the
political opponents of the
President. particularly the
CIO Political Action Commit
tee, keep up that sort of snip
ing. it will boomerang. For
the American people want a
President to keep in good
physical condition - and to
take whatever hours of recre-
alton he likes and to cut down
on the number of those CO.
hour weeks. The Presidents
good health isn't a partisan
question.
Reproduction Rights ReserveO
Evening star., 1953-05-19
SD. {. Bills 10 Get Hearing
In Senate Unit THURSDAY

Five District bills will come up
for public hearing at 2 pm.
Thursday before the Senate Dis
trict Judiciary subcommittee.
Four of the measures already
have passed the House and also
are included in identical Senate
bills ready for consideration.
These four would:
Establish a law here for the
incorporation of business firms,
require mandatory hoSpitaliza-
ton OF narcotic addicts, author
ize the Municipal Court to sus-
pend sentences in certain cases
and authorize the District Com
missioners to appoint a fireman
or policeman as director of Civil
Defense without jeopardizing his
status in these forces.
The fifth bill is a Senate meas
ure requested by the Commis-
sioners to authorize the District
government to employ persons
who have been convicted Of a
felony.