davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-14
Chicago Grain

CHICAGO. Mar. 10 tP.--The little bull
market In wheat, Q performance which
has been going on in the wings while
the big bull market in soybeans domi-
mated the STAGE, stepped right out in
front Of the audience this week.
Wheat swirled sharply higher. out
stepping soybeans In the amount Of gain:
New crop futures made new seasonal
peaks on several days; ending only
%s..e s so sst Gst &C. . srd ysE' SaS
corn IM -3M higher. oats - lower to ~
higher. rye y lower to V higher. soy
beans h-6h higher and lard Is to so
cents Q hundred pounds higher.
Since touchin their lows last August,
old crop wheat futures have advanced
43h to .44s4 cents. The margin re-
The Governments position In the
market was emphasized again this week
when. It became known $40 $3.50. 454
bushels OF 1853 crop wheat have been
impounded under the Government loan
That's a record; Adding the Govern
trade d figures The GSyernmert controls
O., Inasmuch as the c.srryovsr Of yheat-
rent ero go6 year s yTly n Is estimated At
bulls believe prices viii have to rise to
Government will have to sell some of
It's wheat II . shortage is to be averted
New crop wheat futures closed the
week 1874 to 39's cents above their
RANGE Of prices for the week:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-14
Business Briefs

Bituminous Production In the
week ended March 6 totaled
6.Sl5,000 tons compared with
$4,000 In the like week q year
ago.-National Coal Association
Crude Petroleum Stocks, do
nestle and foreign, on March s
totaled 261 1884, 900 barrels, down
1897, 900 barrels for the week.
Bureau Of Mines.
Motor Vehicle Output last week
totaled 111.179 cars and 81. 578
trucks. General Motors. Ford
and Chrysler account for 97%
Of this figure. The previous week
output was 108,804 cars and 90
805 trucks.-Ward's Automotive
Reports.
Adam Hat Stores, Inc, an
nounced the resignation of Elias
LuStib as board chairman and
officer. Lawrence r. Kessel was
named chairman and president.
Shoe Corp Of America sales In
4 weeks ended February q to-
tailed $3,382.098. up 3.7% from
1858; for 8 weeks ended February
q $7.250,212. up $3.50 from 1858.
Ohio OH Co. in year ended De-
cember 81 earned $43,539,172 or
1858 a share VS.. $39, 354,O21 or
$500 In 1852.
Amer. Natural Gas in year
ended December 81 earned $l2,-
S79,033 or $3.48 a share VS.. So
649.572 or $2.34 in 1852.
A. E. Staley Mfg. Co. in year
ended December 81 earned $4,-
424.2l4 or $2.45 a share VS.. So
572,314 or $1.96 in 1852.
Clevite Corp. in year ended
December 81 earned : So. 1881
or SLIT a share VS.. $3,444,240 or
$1.97 in 1852.
It'd. Engine & Foundry in year
ended December 81 earned So
806.031 or $1.52 a share VS.. S.
772.906 or $1.51 in 1852.
National City Lines in year
ended December 81 earned So
1851 or $2.35 a share VS.. ST.
662, 691 or $1.86 in 1852.
Marquette Cement Mfg. Co. in
year ended December 81 earned
So. 1917 or $4.28 q share VS..
$3.527. AL or $500 in 1852.
international Silver Co. In
year ended December 81 earned
$2.701.651 or seas a share VS..
$2.9l8.612 or $7.04 in 1852.
Underwood Corp. in year end
ed December 81 earned 1914, 1923
or $l.13 a share VS.. $3,73O,057 or
S. in 1852.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-14
Produce Markets

Apples-Dull; Bushel baskets and
, noxss y; g; No. | Pennsylvania De
LIE; staymans. ordinary quality, az
inch Inch, up: s;2S; 2h.ineh up. 1.75:2 90:
3;55i stsymans. 1855 and 1855. lair
Potstcss@old; about steady. U. s.
kS is' S s ssnRs'l seat..
:. Sweet Potatoes-Dun. Bushel baskets
Y. Q. No. l. some washed and waxed.
color added. 500: Maryisnd and Vir-
ginia Goldens. few best 800; Puerto
Ricans. 2:0o-50. some IS; Nancy Halls.
Nearby. Is-6ushei hamper. Goldens.
l.40.
Livestock Markets.
Cattle-Compared last week: SlauRh-
orally steady: cows weak to mostly 50
TO 100 lower: bulls weak TO mostly so
lower; stock cattle weak TO 90 lower
s soSa hs nS sh bo: :ssfT e zoe oGa
steers IS. 0o-le 90; odd Gamer steers
s Ssxa to ev S S1fs and and prime
msrciai l9.5o-is.S9: canner and utility
eows mostly l3.50-15.O0: utility COWS
1900 with shelly Gamers down to 1. 90
or below: odd head good beef bulls to
5000 early in period: most commercial
head lS.35-iS so: odd lots Gamer to
utility bulls l0.00-13.0 90; few mostly
choice stocker steers $3.50: and most
good and choice 20.0O-22 co. few lots
medium and good 16.00-1S.50.
Calves-Compared last week: Choice
and prime vealerS mostly around 200
lower: demand for others very narrow
In late rounds and prices unevenly 300
500 or more lower. Weeks and closing
top for prime vealers 30. 90: most GOOD
to prime. late 26.O0-29. 90: commercial
= ~ lo.oo-16.oo: odd euiIs down to
Hogs-Compared with last week: Bar
rows and gifts steadv to 30 cents: mostly
rs higher: sows mostly steady. Fridays
quotations for choice 1S0-220 pound
barrows and gifts 26.25-26.75: 220-240
pounds 26-26.50: 240-270 pounds %
1928: 270-300 pounds 23.50-25: over
300 pounds 90 down; 120-140 pounds
"a 25-24,75: 140-l60 pounds 25.e5-
1915: 160-1s0 pounds rs. 1925, so:
choice sows under 400 pounds bulked
1850: over $50 pounds 1880 down
for same weight sows each day.
Sheep-Compared last week: Not
enough lambs or ewes on offer any day
in the week IN permit accurate COM
parison Of pr'"es but quotations re-
mained nominally UNCHANGED. Ton ono
tatton for choice and prime lambs con-
sidered to be around 1900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-14


day announced that on Tuesday,
March Is, it will sell SIS billion
of securities due in 81 days. The
securities may be turned in by
buyers to pay June Is taxes;
those not turned in will be paid
off in cash June "a. -"
A seemingly insignificant, rou-
tine, technical news release? oh.
no! For here is the sorry behind
it, and here is what it reveals.
When the Eisenhower Admin
iStration came to power. one of
it's most publicized aims was to
get the national debt on a sound
basis.
Into the Treasury went men
dedicated to the objective of
reconstructing the national debt.
AS the Federal Reserve Board
clamped down on credit in early
1858, the Treasury appealed to
the Nations big savings insti-
bub1O1Io W Uuy oOll1C Va 40 4OA1Se
term bonds. AS insurance COM
panies. savings banks. etc., in
dicated they were more inclined
to lend their funds to business
men and homebuilders, the
Treasury tried to compete by
Offering as much as 3H per cent
interest on a bond.
Program Expensive.
The program was risky and
expensive. But, said the Treas
ury's experts, the debt must be
reconstructed. The. Treasury
must not borrow SO much
through short-term securities;
this is fiscal madness.
Then came mid-1953 and the
Federal Reserve began pouring
money into the banking system.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-14
Commodity Prices

NEW YORK. Mar. Is lP.-The Asso-
ciated Press index Of So important COM
modify prices declined slightly this week.
The index stood ct 1895. compared
1871 q year ago. The base year 10
1925 as 100.
The Industrial and textile eomponents
reached new 1a53-54 lows. Food and
livestock also were lower. while grains
and cotton and non-ferrous metals
showed gains.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-14

worried about
today'S recess
sion, how seri-
Gus Is its de-
termination to
end it quickly,
how willing it
is to COM
promise on its
basic pledges
and platforms
to q c h / e v e
this.
For instance
THE
United States
n-..a.. Il
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-14
Your Moneys Worth
Policies Show Administration Is Worried
By SyIvio Porter

shifting from a policy Of anti
imitation to authorization. And
prices Of outstanding United
States bonds started to sky
rocket. And the big investors
began approaching the Treasury.
saying: "Okay. we're ready now.
Well buy your long-term bonds.
Sell them to U.s."
The major bond sale by the
Treasury was tentatively set for
March-this month. Il know;
I have been in on the talks.)
But Came the message to
the Treasury from other top
level authorities In Washington:
"You must not sell a bond to
the big investors now. You might
mop up money that otherwise
would be available for business
loans or mortgages. This is
recession. You must not take
the chance Of adding to 1t by
your operations. Finance your
operations by month-to- month
borrowings. Put your program
on the shelf for a while -"
Came the message to the
Treasury from G. o. P. strate-
gists:
"You must not sell a bond to
the big investors now. Such
Senators as Paul Douglas of I'LL
nois. who are economists, can
cruelty you for this. Don't take
the chance. Live from month
to-month :"
Message to Treasury.
Came the message to the
Treasury from market experts:
theoretically, this is the ideal
time for you to pursue your debt
program. but realistically it is
not so ideal. You must consider
the overall economic picture.
Put your debt reconstruction
program on the shelf until this
picture is clearer. :"
And the Treasury's policy
makers listened and sighed.
checked and rechecked and an
nounced: ION Tuesday, March
Is, the United States Treasury
will sell SIS billion of securities
due in 81 days. :" -
Are they afraid Of this re-
cession? Yes. Are they deter
mined to end 1t quickly? Yes.
Are they willing to compromise
on basic pledges and program to
achieve this? Yes.
It's in the little things that
you can read the true tale.
copyright, 1854, Pcst-Hall
SYNDICATE. 1ne)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-14

It's the back-page item rather
than the front-page headline
that so often will tell you how
deeply the Administration is
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-14
Summary

Wurnished By the Associated Press.)
A list Of most active stocks ON the
American Stock Exchange, showing the
high, low and closing prices for the week
and the. net change from the previous
weeks close.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-14
Bond Summary

FURNISHED By the Associated PFess.)
:. A list Of most active bonds ON the
New York Stock Exchange, showing the
high, low and CLOSING prices for the week
and the net change from the previous
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-14

Rates Of dividends in the foregoing
table are annual disbursements based on
the last quarterly or semiannual declara-
extra dividends are not included
Elk dividend. xr Elk rights. x-dis Elk
distribution. wi When issued, wd When
distributed. cid Called pit pd Part paid
ur Under rule. war Warrants WV With
warrants. XIV Without warrants. Also
extra or extras. b Annual rate plus STOCK
plus stock dividend Declared or paid
SO far this year. PAYABLE In stock. es-
timated cash value on ex dividend date
Paid last year. h Declared or paid
after stock dividend or spiitup De-
clared or paid this year, an accumulative
issue with dividends in arrears. Paid
no action taken at last dividend meeting.
r Declared or paid in 1854 plus stock
dividend. LiQuidating dividend.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-14
Mutual Funds

NEW YORK. Mar. f3 fP.-National
Association Securities Dealers. Inc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-14
Dividends Announced

NEW YORK, Mar. 10 OP.-Dividends
announced:
Deferred.
Amer Mfg.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-14

Furnished by the National Association
of Securities Dealers. Inc, and others
~.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-14

Pc Stk OF Paw
Chi East Ill RR 25c Al Ais
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-14
D. G. Securities Transactions
Philadelphia Baltimore Stock Exchange
report Compiled BY Exchange Official

DEALINGS OF THE nRAbS T3 The YEAR 1854 UP TO M
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-03-14
Over-the-Counter Market

"Plus extra or extras.
Evening star., 1954-11-18

Here's real driving ease. Women especially
like the Metropolitan light feather touch
steering and control This new kind of car
parks in less space than any American
car has a turning radius far shorter
than most cars.
Evening star., 1954-11-18
New Era Envisioned
For u. 5. Exporters

NEW YORK, Nov. 18.-The
head of New York's biggest bank
declared yesterday that Ameri-
can exporters can look forward to
O new era of increased business,
geared to a dynamic expansion
of world trade.
In speech at the concluding
session of the 41st National For
eign Trade Convention, Howard
C. Sheperd, chairman of the Ma
tional City Bank of New York.
said:
1.-THE future holds high prom
Use of trade expansion based on
rising production and rising liv-
ing standards everywhere, and
in that expansion our pioneering
enterprise will yield us our right
full share"
Total volume of trade in the
free world countries this year is
moving toward an all-time high
of $50 billion, he said.
Mr.. Sheperd acknowledged
that United States exports face
serious problems" in the form
of increased foreign competi-
ton, stemming chiefly from the
economic recovery of Western
Europe.
But, he added, .'the fact that
other countries will trade more
does not mean that we will trade
less. The emphasis often put
on trade competition should not
obscure the fact that trade re-
lations are basically complement
tary the countries that have
increased their. exports are now
building up their import de-
mand."
Evening star., 1954-11-18
Rabbi Accuses Toynbee
Of Jewish Defamation
BY the Assoeiated Press

ATLANTIC CITY, N. j., Nov.
18.-Rabbi Mordecai Kirshblum,
president of the Mizrachi Organ
ization of America, accuses DR..
Arnold j. Toynbee. British his
torian,, of defamation" of Jews
in his most recent book
The rabbi took issue last night
with what he called DR.. Toyn-
bees writing that Jews. "ex-
PEELED" Arabs from Israel in the
same manner that Nazis banished
Jews from Germany.
This distortion" he declared.
is part of a calculated effort
by anti-Jewish and anti-Israel
elements to blacken the good
name of American Jewry and
that of Israel"
Rabbi Kirshblum said DR..
Toynbee made the comparison
in the recently-published eighth
volume of his Study of His
tory"
DR.. Toynbee, lecturing in Ohio,
said he didn't have the time to
comment on Rabbi Kirshblum's
statement today. The historian
added that whatever he says
would have to be in writing.
Evening star., 1954-11-18
ZAP Wirephoto.

included only those Federal work.
ers with planning jobs in emer-
gencies. Participants in Satur-
days test represent a much wider
field. :
Employees with relocation as
SignmentS have an additional
responsibility not borne by other
Federal employees since, in an
emergency, they must be ready
at any time to proceed to their
relocation posts regardless of
personal hardship" the ODM
announcement pointed out.
Those employees who do not
have relocation assignments are
able, if time permits, to rejoin
their families during the evae-
uation phase or otherwise parti-
cipate in Civil Defense meas
ureS."
Evening star., 1954-11-18
First Family Reaches U. 5.
Under 1853 Refugee Act
Ry the Associoted Press

NEW YORK. Nov. 18.-The
first family admitted to the
United States under the 1858
Refugee Act because they we're
expelled from their homeland
arrived today on the liner Amer
lea.
Karl Hoffman, a 46-year old
former German soldier and
farmer, came here with his wife
and four children.
A prisoner of the Russians
during the war. Mr.. Hoffman
went looking for his family when
he was released in 1948. He
found they had been expelled
and shipped to the East zone Of
Germany. He finally succeeded
in getting them admitted to the
West zone, and then obtained
a United States visa.
The HoffmanS and their chill
dren. ranging in age from IL to
19, were brought here under the
auspices of the National Cath
Ollie Welfare Conference and will
make their home with Mr.. Hoff-
mans brother, Paul, a Chicago
baker.
Evening star., 1954-11-18
Toys Worth S4OO Stolen;
IS Boys Are Accused

Thirteen juveniles have been
charged with stealing $40O worth
of toys from a warehouse.
The boys, whose ages range
from 8 to 16, were rounded up
last night and accused of steal
ing the toys Sunday from the
Washington News Co. warehouse,
ll21 Fifth street NV.
Howard E. Raffenberg, assis-
tant manager. said a front win
dow was broken and $500 worth
Of toy guns. bulldozers and
merry-go-rounds were missing.
Police said the Is boys, all
colored, admit taking part in the
housebreaking. Their stories,
however, did not match up as
to which boys actually entered
the warehouse.
All were released in the cus-
tody Of their parents.
Evening star., 1954-11-18
Landover Hills Names
Puqh 10 Council Vacancy

The Landover Hills (Md.)
Mayor and Town Council last
night elected Bruce M. Pugh to
membership on the Council to
fill a vacancy.
Mr.. Pugh, who lives at 1904
Seventieth avenue, Landover
Hills, succeeds Brendon O'DWyer,
who resigned from the Council
last month because he contem-
plated moving to Annapolis.
An employe of the Potomac
Electric Power CO., Mr.. Pugh will
serve out the unexpired term of
Mr.. O'DWyer, which is due to end
next May.
According to Mayor Joseph A.
Brandt, one other candidate,
Stanley W.. Swipp, was consid-
cred for the post. but Mr.. Pugh
won out in the Council balloting.
Evening star., 1954-11-18
Embassy Aide 5 Wife
Arrives, Wont Talk
OF Moscow Incident
By fhe A.sociatsd Press

NEW YORK, Nov. l8.--Mrs.
Betty Jane Sommerlatte, who
figured in the recent interna-
tional scuffling incident in Mos
COW, returned home today, but
wouldn't say anything more
about the incident.
"It's just wonderful to be
home" she told reporters who
met her aboard the liner Amer
lea.
But the 27-year-old wife of an
American diplomat refused to say
another word when neWsmen
uueried her about the incident
in which the Russians detained
her for taking pictures in Mos
COW.
Full Report to Officials.
Her husband, Karl Sommer-
latte, who was second secretary
of the United States Embassy In
Moscow. told the reporters:
Let me put it this way. My
wife had made a full report of
all the facts to the Department
of State. They are the only ones
in a position to make any state
ment on this"
Mrs. Sommerlatte, who had
been asked to leave Moscow, was
met on the ship by her parents,
Mr.. and Mrs. Samuel McC Cormick
of Wilmington, Del. Her father
is president of the Mccormick
, Construction Co.
Also greeting her were her
brother and sister-i in-law, Mr..
and Mrs. Robert j. Mccormick.
Her brother heads the McCor-
mick Transportation Co. in
Wilmington
Accused in 'HOOliganism.'
Mrs. Sommerlatte. accused of
'hooliganism" and ruled per
soma non grata' by the Russians
after the Moscow affair, posed
for photographers with the re-
mark:
I'm used to this by now. This
will be the first one I've been
smiling In
At the time Of the incident
Mrs. Sommerlatte was with Mrs.
Houston Stiff, wife of the en-
bassy's assistant naval attache.
Mrs. Stiff has said it was she
who struck a blow in an effort
to free Mrs. Sommerlatte, who
was being held forcibly at the
door of a workers club.
Evening star., 1954-11-18
Queen Mother Sails,
Hopeful Of Stronger
u. 5. British Ties
BY ihe Associated Press

NEW YORK, Nov. 18. Queen
Mother Elizabeth of England
bade farewell to the United
States today with a prayerful
hope for stronger ties and
deeper understanding between
the two countries.
II pray that our countries
may go forward with deepening
understanding, with courage to
bear our common burdens and a
firm resolve to uphold the ideals
we hold SO dear" she said.
Smiling and gracious as she
held a final news conference
with some 100 newsmen before
sailing on the liner Queen Mary,
the Queen Mother also said she
was saddened by the end Of her
22-day visit.
s'But I assure you," she added,
"that I shall take with me the
happiest memories of your
hospitable land and of the many
new friends that feel I have
made"
She said she was deeply
touched by the warm and
spontaneous welcome" this Ma
ton gave her.
AS the news conference got
under way in a big dining room
Of the famous liner, a repre-
sentative of President Eisen-
hover told the queen mother:
"You have won the heart of
all Americans.
This expression came from
John F. Simmons, State Depart
ment protocol chief. A similar
tribute came from Richard c..
Patterson, jr., representing
Mayor Robert F. Wagner of New
York.
Mr.. Patterson said:
"Once again you've won us by
your charm and graciousness,
and I believe your visit has done
much to strengthen the ties be-
tween our two nations"
Mr.. Patterson presented to the
queen mother a framed photo
graph of New York harbor, an
aerial view showing the lower
Manhattan skyline and the his
toric Statue of Liberty.
Evening star., 1954-11-18
US. Agenciesto Take to Hills
In Atom Attack Test Saturday

which might develop should it
ever be necessary to relocate the
essential functions of the Gov
ernment," the ODM announce
ment said.
Simulated snarls to be tested
Saturday include anticipated
problems in production, trans
portation, manpower, commune
cations, housing and finance.
"The plan which the Govern
ment is using is similar to that
which ODM has recommended
to industry throughout the
Nation" the announcement said.
In the June test, participants
Evening star., 1954-11-18

fund was activated this week
under the craftsmanship of DR..
John o. Robben of Silver Spring.
DR.. Robben, speaking for his
colleagues, said that doctors have
been long aware of the problems
facing staff and administration
alike in the increasing over
crowding of the hospital.
Evening star., 1954-11-18

'"The present facilities" DR..
Robben said. "at Suburban Hos
pital are taxed to the limit, and
only through addition of more
bed space and the enlargement
of auxiliary departments can we
continue to give to this area the
hospital service it needs and de-
serves"
Evening star., 1954-11-18

The Governments super-Se-
cret plan to disperse key agencies
in case of atomic attack will
be tested Saturday, with 1000
Washington workers scattering
to spots as far as 200 miles
away.
Participants in the test have
secret orders to report by 10
am. Saturday to 80 designated
emergency headquarters. They
will go through the motions of
running the Government from
there.
The Office of Defense Mobil-
ization is co-ordinating the plan.
ODM won't say where the 80
sites are, except that they are
in cities and towns in an area
extending about so miles west
and north of the capital, and
about 200 miles south.
Some sites are owned by the
Government. Some are vacant
private properties. In other
cases, letters of understanding
have been sent to Institutions
such as colleges-telling them
Uncle Sam plans to take them
over in event Washington is
bombed.
Announced by Flemming.
Arthur S. Flemming, ODM di-
rector, announced the test. He
said it is based on the premise
that in an emergency the Gov
ernment must be ready to carry
on from dispersed locations with
out interruption of its essential
functions.
He said the plan would go into
effect within a few hours after
warning of an attack on Wash
ington.
Although the test will last
only one day. the problems in
volved will cover a theoretical
period of seven days.
Employees of agencies with
emergency headquarters situa-
ated farthest from here will leave
the city Friday night.
Participants will represent q
cross-section of the essential
wartime functions of all Gov
ernment departments. plus some
additional agencies-30 to 35
in all.
Mr.. Flemming's announcement
said the test will assume that
other cities were also bombed,
with some success"
One of a Series.
The exercise will be one of a
series that started June IA with
a Nation wide Civil Defense
exercise.
Periodic tests have the ad-
vantage of uncovering and solv-
ing, in advance, various problems
Evening star., 1954-11-18

Cruises effortIessIy ut top legal speeds
...you eon get up to 40 miles per gallon
The Metropolitan's famous Austin A-40
overhead-valve engine easily whisks it
along at top legal speeds, has averaged
61.24 miles per hounfor "a straight hours,
and proved an average of 81 miles per
gallon of gas in official independent tests.
Evening star., 1954-11-18

Fine-cur Iuxuries and eonvenienees
ineIuded at no exiru cost
Continental tire mount and cover, direc-
tional signals, electric dual windshield
wipers, foam rubber front seat cushion,
leather and nylon upholstery, and ciga-
rette lighter at no extra cost IN the
Metropolitan. Heater, radio at extra cost.