davidaulloa/AmericanStories huggingface dataset:
Evening star., 1954-01-03
Goods and Services
And Jobs Topped All
Records During '53
CONTINUED From Page c-lJ


down. Corporation earnings may
be smaller, but not much"
Edwin G. NourSe, who was
chairman Of the Presidents Eco
nomic Council under President
Truman. is not so happy about
things. He said: Conditions
that make for the end Of a
boom and the coming ora period
Of considerable readjuStment are
clearly discernible. There is q
tough economic campaign ahead
"a D-day for the business
:, world"
The unions seem to be ap-
prehensive. The CIO at its
Cleveland meeting earlier this
year said business Is confronted
with q major change in direc-
ton and it called that change
downward. The big union called
for counter measures including
tax relief to the low and middle
income groups. expanded social
security and benefits. planned
program Of public works and
other Government steps.
However, adding up the bad
with the good predictions any
way you want to, you will find
the general thought is that 1854
will not hit the levels of 1858,
but it will be very good year.
Harder Selling Needed.
In effect. it now is up to busi-
ness to take the ball. Govern
ment expenditures are tapering
of and that immense stimulus
to the economy must be coun-
tered.
Business is going to have to
sell harder than 1t has since the
war. The. lush days are over.
The sellers market has ended.
The boys with the order books
are not able any longer to just
write down what John Doe wants
and tell him he can get It. New
and better products are going to
have to come to market.
It's up to the consumer, too.
Will he spend his money as
freely? He has it to spend
that is q mighty important i'm
ponderable in the picture.
When 1858 started. some peo-
pie thought the boom would not
continue as it had. But it did,
and topped all records.
Big Developments.
It was year of big develop
ments. Price controls were
taken off the economy. The
Korean war ended. Imitation
leveled off. Goods became more
plentiful than they had been
since the war.
The key indices showed the
immense power of the Ameri-
can economy in 1858.
The total of all goods and
services will add up to 1858 bill
lion, $22. billion over 1852.
Personal income should total
$285 billion. Last year it was
$255 billion.
Employment reached an all
time high. topping out in Au-
Evening star., 1954-01-03
Extensive Borrowing Last Year
Major Feature Of Bond Market

This compared with 3N and 31a
per cent coupons for similar is
sues at the turn Of the year.
Businessmen and bankers,
labor leaders and farmers. poll
ticians and even the ever-patient
consumer began to howl. Labor
said the Republicans were pay
ing of the bankers. Bankers
said they were being forced to
turn their backs on needy bor-
rowers. Corporation treasurers
complained that it cost too much
to expand their business. The
farmer and consumer cried rates
were so high they couldn't even
afford to go into debt.
So the Federal Reserve modi-
fed its "hard-money" policies.
What we really want Is honest
money" officials said. Invest
ment capital was made more
plentiful. In July. the Federal
Reserve reduced member bank
reserve requirements, permitting
credit expansion Of nearly Sc
billion. Next it started to buy
Government securities in the
open market, further easing the
money market.
The last half Of 1858 witnessed
rising bond prices. especially
Government bonds. and declin-
ing interest rates. Corporations
again found investment bankers
eager to make long term loans
at 3H and 31a per cent. Utility
bonds and high-grade indus
trials and railroads, regained
most of their spring price dip.
Treasury borrowing costs de-
creased and the 30-year 3H per
cent bonds issued at 100 in April
STAYED above los in December.
Evening star., 1954-01-03
Stocks
Continued From Page CID

stock market was the heaviest
since the September break.
But the recovery that followed
gave no indication that the
market had suffered a Gripping
blow.
Here is the yardstick to meas
ure the markets 1858 history.
The Associated Press average OF
so stocks closed 1852 at $115.70.
and in the new year hit q high
of $l16.30 (January 81. q low OF
$3.50 (September 14 and
closed 1853 at $108.10. q net de-
cline on the year Of 6.6 per cent
Compare that with the all
time high for the average OF
$157.7O on September 8. 1929.
and the all-time low Of $500 on
July 8. 1882.
Volume for the year came to
354, ,851 1875 shares, up 5 per cent
from 1952's 337 .805.179 shares.
/. The year 1858 was notable. too,
for the sweeping changes made
by members Of the New York
Stock Exchange and the Ameri-
can Stock Exchange in their ways
of doing business. They set the
pace, and regional exchanges in
the United States and Canada
followed suit.
Changes Outlined.
ChangeS'ranged from the ultra
technical things that only a few
experts understood on up to the
precedent shattering proposal
announced by G. Keith Funston.
New York Stock Exchange presi-
dent, to permit the general pub
lie to buy stocks through q
monthly investment plan.
For example. on the New York
exchange, members were per-
y,aiftal fn ipnON.porofo mo roiv, Q
Evening star., 1954-01-03
gust with es,4os. 900 Americans

gust with e3.408.0 900 Americans
in jobs.
Hourly factory wages reached
$1.73, the highest on record.
In the first 10 months, diyi-
dends increased by 4 per cent
from the same 1852 period.
reaching q total Of $6 billion.
One fretful note concerned
the farmers. Farm income is
running about S per cent behind
last year.
II the majority Of predictions
are right, most people are not
going to have to worry about
their jobs, their ability to pay
their bills. and the state Of
business In 1854.
Evening star., 1954-01-03
Telegraph Services Expund

NEW YORK. Jan. 2 R.-
Rapid expansion in facsimile
and private wire telegraph serv-
ices to meet the needs Of busi-
ness organizations will be q fea-
ture of 1854 for the Western
Union Telegraph Co.. President
Walter p. Marshall said in q
year-end statement.
Evening star., 1954-01-03
Hirh-Grade Bonds Din.

Meanwhile. prices Of high
grade railroad and utility bonds
dipped about per cent as new
corporate issues were tagged
with 33z to 4H per cent coupons.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-10
S288,43O Raised
In Red Cross Drive,
Pacing Last Years

The Red Cross fund drive to-
day continues to roll along
slightly better than last year,
with 1884 in gifts and pledges
reported.
This is 1877 per cent Of the
1.463, 500 quota. Last year at
this time the drive stood at
1879 per cent.
These figures We're reported at
a luncheon of volunteer workers
in the United States Chamber of
Commerce Building yesterday.
After watching a dramatization
of f1rSt-aid work in civilian de-
tense. the group heard talk by
B M. McKelway, editor of The
Star.
He recalled that on the few
occasions in the past when such
drives have failed some have
said Washington lacks civic
spirit.
Do Their Part.
This slur contains a lot. of
nonsense" Mr.. McKelway said.
lone of our fine traditions here
is that Washingtonians do their
part"
1.-The suspicion that Wash
ingtonians do not do their part
is the result of confusion as to
which Washington we are talk
ing about" Mr.. McKelway de-
clared.
The political Washington-the
figure of speech or the state of
minds great spectacle, he
pointed out, and attracts the
sideshows and hangers-on. This
Washington, most often pic
tured to the country and the
world. Mr. McKelway said, too
often shows highlights of con-
fusion. quarrels, gossip, backbit-
ing and meddling.
Another Washington.
There is another Washing
ton" he said, the Washington
of self-respecting American men
and women, working Loyalty to-
gether at their jobs, proud of
their city, proud of their coun-
try. ambitious for their children,
doing what they can to see that
there are better homes. better
schools, better libraries. better
churches, the things that build
the spirit"
A strong and vigorous Red
Cross reflects such strong and
vigorous citizenship. he added.
Division reporting yesterday
gave these figures:
Government, S70.784, or IL per
cent Of quota: Business, $96.721.
or IS per cent; Residential, $685.
433, or % per cent; City, S29,206,
or SO per cent; Alexandria, $l0,-
CTS, or 81 per cent: Arlington.
$1,918. or per cent; Fairfax.
1852. or l per cent; Montgomery,
S2,172. or 4 per cent: Prince
Georges. s2,861. or 7 per cent,
and Prince William, $97. or 2
er cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-10

See Mrs. Dart create exciting
cocktail conopes, using her
famous conope VOTERS. Come
sample other Louise Dart spe-
cioIties in the Food Shop.
WGL-Food Shop, lst Floor,
North Building
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-10
ADVERTISEMENT.
FALSE teeth
Thot Loosen
Need Not Emborross

Many wearers of false teeth have suf-
fered real embarrassment because their
plate dropped, slipped or wobbled at just
the wrong time. Do not live in fear of
this happening to you. just sprinkle a
little FASTEETH. the alkaline mon
acid) powder. on your plates. Hold false
teeth more firmly. so they feel more COM
Portable. Does not sour. Checks plate
odor" tdenture BREATH Get FASTEETH
at any drug counter.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-10
St. Laurent Greeted
At Tokyo Airport
By the Assoeiosed Pres,

TOKYO, Mar. 10.-Prime
Minister Louis st. Laurent of
Canada landed at Tokyo's
Haneda Airport today for a
three-day state visit to Japan.
The strains of 20 Canada
and ''Kimigayo" mingled as the
silvery-haired Premier stepped
down from the big Canadian
transport that few him from
Seoul to the airport on Tokyo
Bay He was met by Foreign
Minister KatSuo OkaZaki.
Evening star., 1954-12-22

four christmos feast con only be as exciting
ind delicious as the food you serve. And if you've
hoped at GIANT you know you have the Bet
er Of the Best IN fine quality foods for your
slant makes everyday Better foods doy and
'ffers them at money-soving prices. too-why
lot muke your chnstmos feast the Better Of
he Best-Shop GIANT.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-08-12
Eisenhowers Will Leuve Today
ForWeek End at Comp David

White House Press Secretary
James c. Haggerty said that the
Presidents SON, Mai. John Ell
senhower, and his wife Barbara
would either accompany Gen.
and Mrs. Eisenhower or join
t h e m at Camp David this
evening.
He said the Eisenhowers prob
ably would not return to WASH
ington until Sunday afternoon.
Mr.. Hagerty, some other mem
bers of the White House staff
and the Cabinet members will
drive to Camp David separately
tomorrow morning. The regular
cabinet meeting is scheduled
there about II am.
The President planned q
lunch for his guests. followed by
an afternoon of recreation and
q buffet supper early In the
evening.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-08-12
81 Million in Surplus
Food Authorized for
Europe Flood Areas
East and West Germany
And Austria Scheduled
To Receive Relief Aid

President Eisenhower today
authorized the use Of up to 81
million worth of surplus agri-
cultural commodities for emer-
gency flood relief in Austria,
West Germany and Soviet-occu-
pied East Germany.
The President offered food for
relief of Danube River flood VIC
Tins to these countries plus
Yugoslavia, Hungary and Czech
oslovakia on July 30.
Sovlet-dominated Hungary
and Czechoslovakia have not yet
replied to the offer. Yugoslavia
has said the amount of aid
needed there cannot be deter
mined yet.
May Raise Limit Later.
Gen. Eisenhower's action to-
day sets a limit Of 81 million on
the amount of surplus stocks
held by the Commodity Credit
Corp. which may be used in West
Germany, Austria and East Ger
many-the three countries that
have accepted the July 20 offer.
White House Press Secretary
James c. Hagerty said the 81
million limit might be raised If
the other countries accept later.
The Presidents action today
was set out in a memorandum to
Secretary of State Dulles, Secre-
tary of Agriculture Benson,
Budget Director Hughes and For
eign Operations Administrator
StaSSen.
Agreements Authorized.
The memorandum directed Mr..
Dulles to conclude any necessary
bilateral agreements with the
governments concerned in con-
nection with the relief program.
It gave Mr.. Stassen RESPONSE
bility for operations of the pro-
gram. He was directed to deliver
the relief food upon such terms
and conditions" as he deems ap-
propriate after consultation with
Mr.. Dulles.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-08-12
Mccarthy Will Be Confronted
With Claim for Unpaid Taxes
After internal Revenue Probe
Mccarthy Witness Asks Delay
Until After Censure Action
Defense Worker Denies Espionage,
Won't Discuss Communist Affiliations

Senator Mccarthy said Mr..
Kennedy was right, but he
thought there was something to
be gained ''by letting Commu-
nists scream imprecations at the
committee"
Quizzed on Job Statement.
Senator Jackson asked Mr..
Passikoff if he recalled ever
having filled out a QUESTIONABLE
to get clearance for defense work,
including a question as to
whether he belonged to any or
ganization advocating overthrow
of the Government. The witness
said he believed he answered that
he was not a member of such an
organization.
But when Senator Jackson fol-
lowed UP with a question as to
whether that was a true answer,
the witness invoked the Fifth
Amendment.
After repeating the question
several times, Senator Jackson
said he thought the answers of
the witness constituted a clear
case Of contempt.
Joseph Mazzei, who said he
joined the Communist Party
from 1941 to 1853 at the request
Of the FBI, identified Mr.. Passi-
koff as a man who came to
Pittsburgh from New York as
"trouble-shooter" for the
Communists in that area.
The committee also called Jo-
seph o. MattSon, a General
Electric employe from Fitchburg,
Mass, who also claimed the
first and fifth amendments on
questions about Communist af-
f1liations. Mr.. Matson denied
he had ever been a member of
any conspiracy, and denied ever
having committed espionage.
But to questions about Commu-
mist Party membership, he in
sisted on his constitutional rights
not to answer.
Senator Mccarthy compli-
mented the General Electric Co.
for a policy he said it has
adopted Of discharging employees
who invoke the fifth amendment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-08-12

President Eisenhower and his
family plan to leave late today
for Camp David, the presiden-
tial retreat in the Catoctin
Mountains near Thurmont. Md,
for weekend stay that will
be marked by an unusual cabi-
net meeting and outing tomor-
row.
Gen. Eisenhower told his news
conference yesterday that he
had been wanting to have an
outing with the Cabinet and so
had transferred the regular FRI
day cabinet meeting to Camp
David.
The President and Mrs. Eisen-
hover plan to leave the White
House between and $3.50 pm.
today for the drive to Camp
David, taking with them their
three grandchildren 6,
Barbara, 5, and Susan, 2.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-08-12
Minte Fails to Answer Jury
In Probe of Union Kiickbocks
Contractor Claims
Constitutional Rights
In REFUSING

Robert E. Minte, Washington
painting contractor, stood on his
constitutional rights today and
refused to tell a grand jury about
a $1,000 payment he allegedly
made to two painters union off,
Gals.
His appearance Of about two
minutes in the grand jury room
came after he showed UP volun-
tarily at the Office Of United
States Marshal w. Bruce Mat
thews.
He had been sought since
Monday on a forthwith" sub
poena. but deputy narshals had
been unable to find him. Mr..
Minte explained that he had
been on q fishing trip on Chesa-
peake Bay and had not learned
that he was being sought until
he read 1t in newspaper today.
Lawyers Disclose Refusal.
His attorneys disclosed that he
had refused to answer questions
about the transaction, although
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-08-12
railways Bus Drivers
Call Off Strike Threat
By the Assoeio.ed Pres,

HARRISBURG. Pa, Aug. a.
Capitol railways bus drivers
agreed to accept company offer
Of a new contract similar to the
one that expired several weeks
ago and called of a strike sched-
uled for tomorrow.
The company, operating buses
between Scranton and Washing
ton, D. c., with stops at Potts
vile, Indiantown Gap, Harris
burg and Baltimore, Md. orig
inally asked the drivers and
mechanics to take a five per cent
cut in wages.
The new contract will give the
drivers an average weekly pay
of $50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-08-12
Surprise Atom Bill Agreement
May Speed Senate Adjoining

developments. The compromise
measure permits exclusive pat
ents, but gives five years pref
erence on atomic licenses to con-
Germs which agree to share pat
ents for a fee.
Smathers Joins Opposition.
In addition to his objections to
the present proposal on patents,
Senator Johnson criticized the
compromise measure for diluting
Senate provisions which required
preference in the sale of Gov
ernment-produced atomic power
for co-operatives and publicly
owned utilities. The pending
version specifies this preference
insofar as practicable.
Senator Knowland continued
to predict the recommittal move
would fail, but said the vote
should be reasonably close"
The opposition gained another
recruit today in Senator Smath-
ers, Democrat, of Florida.
Senator Smathers said he
would support the effort to sub
stitute compulsory patent-shar-
ing for provision in the revised
bill that would permit regular,
exclusive patents on civilian
atomic developments.
The Florida Senator told
newsman he thought the vote
tomorrow would "be very close.
It might be decided by not more
than three votes"
Senator Hickenlooper, Republi-
can, of Iowa, Senate floor mana
ger for the bill, has forecast Sem
ate passage.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-08-12

Mr.. Minte had said earlier that
he would rather not say
whether he had answered.
Deputy United States Marsha
Robert H. Rollins, who has beer
seeking Mr.. Minte, served the
subpoena when Mr.. Minte ap-
peared at the marshal's Office
today.
The contractors appearance
and further testimony from John
Troy, president of a painters
union local, concluded the pres
entation of witnesses and the
grand jury began celebrating
the case.
Has Until Tuesday.
There was no indication when
the grand jury would act, but if
an indictment is to be returned
the jury has until Tuesday to
make its findings. The date on
which the alleged payment was
made was August II three years
ago. The statute Of limitations
on any indictment which a grand
jury might make provides a
three-year limit.
Mr.. Minte testified last week
before House subcommit-
tee that he gave a $1,000 pay
ment to painters union officials
in 1851, but he denied the gift
was made to permit his firm to
spray paint a hospital annex at
Forest Glen.
A grand jury presentation of
the alleged graft was ordered by
United States Attorney Leo A.
Rover.
The panel is investigating pos
sible violations of the Taft-Hart-
ley law making it illegal either
to offer or to receive a bride for
labor favors.
The House committee has
heard Archie B. Moore, ousted
business agent of District Coun-
Gil No. 81, AFL Brotherhood OF
Painters. Decorators and Paper
hangers of America, testify that
Robert C. Lowry, secretary treas
urer of the council, accepted a
split Of the $1,000 profered by
Mr.. Minte.
Mr.. Lowry, also called as a
grand jury witness, has refused
to testify on Constitutional
grounds.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-08-12

eye. caused by q cut he suffered
tumbling down a hill last week.
Dale apparently entered the
neighbours house by an unlocked
side door. Inside, he evidently
made friends with the Give An
dersons' dog and spent the next
four hours sprinkling mustard
and nail polish over the entire
house.
When Dale's mother reached
the scene. she said she looked
at the mess and closed my eyes
mustard all over everything"
WAS Dale hungry"
mo, ] had sugar and ] had
gum and ! am filed up" he said
happily.
Dale's parents were unable to
estimate the damage. but were
looking forward to o bill from
the Give Andersons.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-08-12

A surprise Senate agreement to
curb debate on atomic energy
legislation today boosted chances
for speedy Congressional adj
tournament but left prospects for
the disputed bill in doubt.
The agreement. reached late
last night. brings the compro-
mise measure to the Senate floor
tomorrow under a talk limit of
three hours.
When the bill went through
the Senate last month it
prompted 1859 hours of argument.
including four days of round
the-clock speechmaking. and
Majority Leader Knowland said
this week Congress- go-home
date depends on whether there is
another f1libuster" on the
measure. He postponed the adj
journment target date from this
Saturday to sometime next week
Or later. \
No Objection Voiced.
There was no objection and
no questioning from the floor
when Senator Knowland offered
the unanimous-conSent arrange
ment last night, saying Demo-
cratic Leader Lyndon B. John
son had helped him frame it.
This means the bill, major
feature Of the Eisenhower legis-
lative program already approved
by the House. will go to the Pres
ident for signing if the Senate
concurs. If it doesn't, the meas
ure may go back to Senate House
conference for another try at
compromise.
The legislation provides for a
sweeping new atomic program
allowing private operation of
civilian nuclear plants, a lin
tied sharing of information with
Americas allies and other
changes in the basic 1916 atomic
energy law. But the debate
curbing agreement left uncer-
tain the bills prospects for final
passage without further change.
The chance Of Senate agree
ment to the compromise grew
thinner today when Democratic
Leader johnson indicated his
support for the prospective move
to send the measure back to
conference for further action on
controversial patent provisions.
The Texan previously had de-
clined to state his stand. though
critics Of the bill had been
counting on him.
IF we have to pass an atomic
bill this session." Senator john
son told newsmen, cit should be
|a better bill" than the present
version.
1T should be closer to the
Senate BILL" he said.
Opponents of the revised
measure wants to send it back
to committee with instructions
for the Senate conferees to in
sist on the Senate provision re-
curing 10 years Of compulsory
patent sharing In private atomic