davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-17
NEW YORK COTTON

NEW YORK. April 10 R.--Cotton
futures prices traced an irregulsr pat
tern this week and closed out the
period with small net changes.
Active contracts traded on the New
York Cotton Exchange finished at prices
which ranged from S1.25 bale lower
to 65 cents q bale higher than at the
close Of the previous week. The only
deliveries showing net losses were nearby
May and July.
suited from May liquidation in advance
of frst notice day. Another depressing
factor was a somewhat gloomy outlook
for cotton exports for the balance Of
the current marketing season.
Meanwhile prices were bolstered BY
trade and mill price fixing and local
buying Of new crop deliveries. prompted
by reports of damasing rains in major
growing areas. Some traders. bought
new crop contracts because they felt
prices were only slightly above the
prospective 1855 loan rate.
Exports for the week ended April 10
were estimated by the Service Bureau
at $4,000, bales VS.. 10000 the pre-
week last year. This would. lift the
total for the current season to 2.s47,-
600 bales--only 13 per cent above the
..514,000 recorded at the same time
a year ago
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-17

The cost OF borrowing money
is now at the highest level since
the spring of 1858. What's more,
it's a virtual certainty that the
price Of a loan will go higher
before it goes lower.
The trend toward higher in
terest rates which got underway
toward the end of 1854 is con-
tinuing. The swing is gathering
strength.
The movement is no accident.
It is based on fundamental
forces which actually are oper-
ating in most areas throughout
the Western world, and in this
country it is part of deliberate
program designed by our top
monetary authorities.
The Federal Reserve Board is
the key agency in America that
controls the supply and cost Of
money and credit. BY certain
maneuvers in the basic money
markets in New York. 1t can
flood the banking and business
streams with money - and
thereby force interest rates down
and make loans a cinch to get.
This was its policy from m~i-
1853 to the fall Of 1854.
Or by certain other maneuvers
in the basic New York markets.
the Federal Reserve can cut
down on the volume of money
banks have available to lend
and thereby force interest rates
up, make credit harder to get.
This is its policy now, in mid
April. 1855.
The demand for loans today is
truly massive. Giant corpora
lions and small businessmen are
asking billions to finance ex-
pansion plans, new equipment,
rising operations. Homebuilders
and buyers all over the land are
asking more billions to finance
peak construction. Individuals
are asking still more billions to
finance purchase of cars, appli-
ances, furniture, etc. States and
cities are asking even more bill
lions to finance new roads.
schools, essential public works.
And finally. the Government
itself is asking additional bill
lions to pay its immense week.
to-week bills.
The Federal Reserve System
simply has decided it will not
supply all the billions needed or
requested.
1t has so decided not because
1t wants to cripple or halt the
current upswing. 1t has so de-
cided because 1t wants to re-
strain the boom a bit, keep 1t
from taking of at q speed that
could not be maintained and
that could lead later to q sick
ening bust.
The trend is affecting every
borrower from the best-known
giant down to the young BRIDE
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-17
YOUR
MONEYS WORTH
Interest Rate Rise Continues
BY SYLVIA PORTER

groom asking a loan for the first
time.
The highest credit risk in the
world-the Treasury-was pay
ing only about 70 per cent inter-
est for a 90-day loan in 1854.
Today. it is paying over Ia
per cent interest for an identical
90-day loan. This is the basic
clue to the cost of money.
There won't be any real money
squeeze. any near-panic resem-
bling what we felt in early 1858.
But home buying and install
ment terms won't get any easier
than now; they well may get
tougher in the near future and
there are significant signs they
already are toughening in some
spots. Business loans won't get
any cheaper. They could get
more expensive soon.
(Copyright 1855. Post-Hall syndicate,
Incl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-17
Bonds Steady
Despite Rise
In Bank Rate
BY ARTHUR MERIMS
Associated Press Financial Writer

NEW YORK. April l6.-The
Federal Reserve system this
week confirmed the Nation wide
rise in interest rates. But bond
market investors were upper
turbed and prices remained
fairly steady.
Late Wednesday, the Federal
Reserve Board permitted the
Federal Reserve Bank of Kansas
City to increase its bank dis
count rate to ia from ~ per
cent. Before the week ended.
most other Federal banks had
followed suit.
The bank discount rate is the
interest charge at which COM
mercial banks may borrow from
Federal banks for short periods.
Commercial banks are tempted
to 60 into debt to a Federal bank
when they temporarily lack
loanable funds and have attrac-
tive loan propositions at hand.
The action did not herald a
change in interest rates. Instead,
1t was an adjustment to the
hardening Of short term bor-
rowing costs which has been
taking place since last fall.
With Treasury borrowing costs
for 90 days at 1852 per cent.
highest since December, 1853,
and prime commercial paper
(4-to-6 month"; yielding Ia per
cent. financing circles realized
1t was only a matter of time
before the discount rate would
also be increased.
Government bonds ended the
week firm. The 30-year 3Ks
rose 1882 at 106 20f32 bid as did
the 40-year IS at 100 1882 bid.
The 21as Of 1863 at 90 1882 bid
were UP 2/32.
Most railroads ended the
week higher. though utilities
tended to ease and industrials
remained steady. In quiet for
eign activity. German and Japa-
nese dollar bonds inched up
ward.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-17
Siege|s Retain
Food Fair Posts
Under Merger

At the annual meeting Of the
Square Deal Market Co.. which
operates the Food Fair super
markets in this area, q realign-
ment of officers gave effect to
the recent shift Of ownership to
the Grand Union Co., Nation
wide food chain, IT. was an
nounced yesterday.
Irwin, L. Siegel, president since
1941, was reelected to that po-
sition and his brother. Bernard
N. Siegel. vice president since
1882, was promoted to executive
vice president. Both were re-
elected directors.
Lansing P. Shield, president
of the Grand Union Co.. was
elected a director and chairman
of the board.
Earl r. Silvers. jr., assistant
to the Grand Union Co. presi-
dent. and Thomas C. Butler,
treasurer of Grand Union, were
elected directors.
Henry L. Cohen, treasurer
since 1882. was elected assistant
to the executive vice president
for research and development
and was succeeded as treasurer
by John H. Milbank, who joined
the company less than a year
ago. Mr.. Milbank also was
elected director.
Seymour l.. Seleznow was
elected assistant vice president
for sales, merchandising and
promotion and Edwin L. Withers
was named assistant vice presi-
dent for store operations and
personnel.
In connection with the annual
meeting, it was learned the
Square Deal Market Co. became
q wholly-oIned subsidiary Of the
Grand Union Co. through an
exchange of stock.
The Siegel brothers now are
understood to hold one of the
10 largest blocks of Grand Union
shares.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-17
BUSINESS
BRIEFS
Bituminou. Production in the

Bituminous Production In the
week ended April 0 totaled g.
$4,000 tons compared with T.
100000 in the previous week and
6,76S, 900 in the like week a year
ago.-Nationai Coal Association.
Motor Vehicle Output last
week totaled 176.085 cars and
30.373 trucks compared with
168,00 and 2S,409 in the pre-
vious week and 1l8,48e and
21,138 in the like week a year
ago.-Ward's Automotive Re-
ports.
Loans to Brokers and dealers
on securities held by New York
member banks on April IS to-
tailed $2.088, 600, 00c, up $l1 NIL
lion from the previous week and
up 100000 from q year ego.
Federal Reserve Board.
West German Association Of
Retailers announced a delega-
ton soon will tour the United
States. The tour will include
Washington.
Canadian Newsprint produc-
ton last month totaled 539.129
tons, a 4.6To increase over March.
1954.-Newsprint Association Of
Canada.
Crude Petroleum Stocks, do
mestic and foreign, on April 8
totaled 269,051, 900 barrels, up
2,448. 900 for the week.-Bureau
of Mines.
Federal Electric Corp. an
nounced election Of Mai. Gen.
Francis H. Lanahan, retired, as
vice president and general man
ager.
Amer. Tel. e. Tel. Co. in 3
months ended March 81 earned
$128,370,000 or $2.57 a share VS..
$115,070,450 or $2.62 in 1854
period.
Miami Copper Co. in year
ended December 81 earned $2,-
236.822 or 1901 a share VS..
$685. 91 or $5.12 in 1868.
Gotham Hosiery Co. in year
ended December 81 had a loss
of 81 .592. 900 VS.. a loss of $613,593
in 1858.
New York Air Brake in 8
months ended March 81 earned
$394,672 or 81 cents share VS..
$586,415 or 81 cents in 1854
period.
Fedders-Quigan Corp. in 6
months ended February % had
a loss Of $198,013 VS.. earnings of
$992,618 or SO cents a share in
1854 period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-17
ASH. to0pen
Branch

The Northwest Branch of
American Security e. Trust Co.
viii open for business tomorrow
in new and larger quarters in
the same building at 18th and
NJ streets NV, where it now is
located.
President Daniel w. Bell said
the new office viii provide new
services for the company's pa
irons Of this area, including
street parking. a night de-
pository and safe deposit facili-
ties.
Grant Simmons. assistant
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-17
| HAD TO EARN
5000 A week
So ! sent $6 to The
Wall Street Journal

High prices and taxes were get-
ting me down. I had to have 5000
. week or reduce my standard OF
living. Like Alice in Wonderland,
/ had to run faster to stay in the
same place.
So / started reading The Wall
Street journal. / needed its warm
ings. cashed in on the ideas il
gave me for earning extra income
and cutting expenses. I got the
money l needed. Now I'm slowly
forging ahead. Believe me, read.
ing The Journal every day is .
wonderful get-ahead plan.
This experience is typical. Each
day The Wall Street Journal tells
you about far-reaching changes
taking place in America. New in-
ventions. New industries. New
ways of doing business. New op-
portunities to earn money. The
Journal gives you quick warning
of any new trend that may affect
your pocketbook. The Journal is q
wonderful aid to salaried men
making $1,000 to $4,000 a year. II
is valuable to the owner of a small
business. 1t can be Of priceless
benefit to young men who want to
win advancement.
The Wall Street Journal Is the
complete business DAILY. Has
largest staff of writer's on business
and finance. The only business
paper served by all four big press
associations. It costs $40 year,
but you can get a Trial Subscrip.
ton for three months for Sc. Just
tear out this ad and attach check
for Sc and mail. Or tell US to bill
you. Address,: The Wall Street
Journal, A Broad St., New York
In. Y. ws4-17
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-17
DIVIDENDS

NEW YORK. April 10 tl.--Dividends
announced;
Pc Stk of Pay
Rate. Rod. Record able
Irregular.
Blue Ridge Nut Ed Toe 4-29 sic
Increased
eoutham Co Ltd 45c- 6-14 6-2S
Initial
Lake s D Pw new~271ae 5-l6 6-1
Accumulativs
Holly Stores pf 621ac AGO 81
Lake s d Pw pf S1,25 @ h-16 GIL
Bingham Hebrand loo sig 5-27
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-17
Prudential Observes
10Th Anniversary

Prudential Building Associa-
ton today celebrated its 26th
anniversary with assets at a new
record Of nearly SIG million, a
gain OF $3.6 million from a year
ago.
Elmer j. Carlson. secretary
treasurer. also reported savings
accounts Of $16,676,0 08 were at
a new high mark, with a Is per
cent increase from last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-17
N. Y. BOND SUMMARY

Furnished b. ths Associated Prss
Airh % ss.ss p.isss
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-17
Speaker for Ad Club

Fon w. Boardman. jr., presi-
dent Of the Publishers Ad Club
of New York. will address the
Washington Advertising Club at
luncheon at Hotel Statler
Tuesday noon.
His subject: What does Il
take beside Advertising"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-17

treasurer. is branch manager and
Miss Isabel Sulzer. assistant
treasurer. Is assistant branch
manager.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-17
D. c: Securities Transactions
Philadelphia Baltimore Stock Exchange
Report Complies ., E.chans. omeiaIs.

AND INCLUDING FRIDAY, APRIL Is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-17
|ovER THE COUNTER

'Pus
The Sidney herald., 1955-03-24
MDU Announces
Purchase OF
Minot Gas Co.

A joint announcement issued
recently by c. w. Smith, presi-
dent of Montana-Dakota Utilities
Co., and Mr.. Emmett Butler and
Jay A. Andersen, majority stock
holders of Minot Gas Company,
states that an agreement has been
signed whereby Montana-Dakot
will acquire the total assets of
Minot Gas Company. According
to the statement, stockholders of
Minot will meet at an early date
to approve the sale. Also included
in the transaction will be the
purchase of the assets of Dakco
Gas, Inc, which furnishes gas to
the Minot company.
Commenting on the purchase
Mr.. Smith said: This is an OPP
portunity we have long awaited
and our company is proud to
serve the citizens of Minot. We
recognize Minot as an important
and growing center of trade and
industry, serving a wide area in
the upper Missouri Basin"
"Montana-Dakota now serves
244 communities with natural gas
and electricity in this region, in
Guiding 126 communities in west
ern North Dakota. Consequently,
we are well acquainted with the
need for natural gas service in
Minot and no effort will be spar
ed to bring this modern utility
service to Minot this year." con-
tinued Mr.. Smith.
"Our purpose in acquiring the
properties of Minot Gas Com
pany is to make natural gas SER
vice available in Minot at the
earliest possible date and u ne
gotiations with Amerada Petro-
leum Corporation for the supply
of natural gas are proceeding as
rapidly as possible. A hearing be-
fore the North Dakota Public Ser
vice Commission has already beer
set for April IL. AS quickly a:
the necessary contracts and per-
mits can be secured, we will star
construction of a pipe line t.
Tioga."
Mr.. Smith stated further tina.
as soon as the stockholders of Mi.
not Gas Company have approved
the transaction and completed the
transfer of the property, his Com.
pany will begin work on expand.
ing the present gas system so tina
natural gas service will be avail
able to customers in Minot whel
The Sidney herald., 1955-03-24

in honor Of Mr.. and Mrs. Joe
Irigoin of the Elmdale communi-
ty Sunday evening.
Mr.. and Mrs. Allen Swihart.
daughter Collet, and David Pc
dersen stayed in Sidney Satur-
day for the evening show.
Max and Ernest Klasna and
David Petersen walked several
miles Sunday afternoon while
hunting rabbits. Season is over
now as there is no more money
in rabbit hunting.
Mrs. Losinski and children
spent the week end at their home
in the Skaar community.
Mr.. and Mrs. Selmer Rosaaen
and family had dinner Sunday
with Mr.. and Mrs. Alvin Raisl
and family.
Mr.. and Mrs. Joe Klasna Sr.
are the proud grandparents of a
granddaughter born to Mr.. and
Mrs. Kenneth Klasna. The little
lady's name is Linda Jean. She
arrived on st. Patrick's day.
The Sidney herald., 1955-03-24
POOR QUALITY rs HANDICAP
TO EXPORTS OF OUR q. S.
FARM PRODUCTS

A foreign agricultural service
newsletter recently reported some
complaints which had been reg
istered by different countries con-
corning our exports.
Japan - Food manufacturers
are complaining that, to make
u. S. soybeans comparable with
Manchurian grades, they have to
handpick seeds and foreign ma
terials before the beans can be
processed. Cause of the difficulty
is that U. S. grading standards
apply to use of soybeans for
crushing. These standards are in
adequate when soybeans are used
as food.
Venezuela - A leading egg i'm
porter states that U. S. eggs have
to be priced at less than $12 a
case to be a better buy than Ca
madam eggs priced at $12 a case.
One important reason: the fiber
boxes, especially when old, do
not hold up under the numerous
landings from the u. S. farm to
the consumer in Venezuela; they
rip at the handle slots, causing
eggs to fall out and break.
Colombia - A miller says that
he could not afford to pay duty,
tax, and freight on the dirt and
foreign material permitted under
the U. S. grade No. 2 Hard Win
ter, when he could buy a better
product at a lower price else
where.
Growing prosperity abroad has
increased demand for goods, but
the worlds agricultural stocks are
at a peak. Quality and reputation
are becoming increasingly impor-
tant in determining who will sup
ply the bigger demand.
The Sidney herald., 1955-03-24
Social Security
Issued

Social security information, as
it applies to many more house
hold employers since January /,
is given in the new booklet, do
You Have a Maid?" just issued
under the joint sponsorship of the
Internal Revenue Service and the
Social Security Administration. It
describes the first step to be taken
by every employer who pays $50
or more cash wages in a calendar
quarter to casual or household en-
ployees.
Copies of the booklet may be
obtained by simply writing, phon-
ing or visiting the Billings Social
Security office or Internal Reve-
nue. office, according to Glenn A.
Gardner, district manager of the
Social Security Administration.
Because of the broadened COW
erage of domestic workers, many
more household employers are now
required to report the cash wages
paid their employees. 1t is no
longer necessary that a domestic
or casual employee work on "a or
more days in a calendar quarter
for a single household employer
in order to get social security
credit for the cash wages paid.
The new booklet contains a cut
out post card which the household
employer should use to obtain the
form on which the cash wages OF
domestic workers are reported to
the District Director of Internal
Revenue.
The Sidney herald., 1955-03-24
GOSS VICINITY NEWS
BY Mighty Mixers All Club

Mr.. and Mrs. Fred Whiteman
and family spent Saturday after
moor and evening visiting rela-
tives in Fairview and Sidney.
Mrs. Donald Goss and sons Wis
tied Monday afternoon with Mrs.
John Carda.
Mr.. and Mrs. Joe Klasna and
sons, and Elaine Carda enjoyed
Saturday afternoon at the Allis-
Chalmers party in Sidney.
Mr.. and Mrs. John Carda and
family, Mr.. and Mrs. Alvin Raisl
and family attended the charivari
The Sidney herald., 1955-03-24

the pipe line is completed. Expan-
sion Of the present gas system is
estimated to cost in excess of
$500,000, and when completed will
be modern in every respect and
The Sidney herald., 1955-03-24
Travelling with The
County Agents
By Raw Stack and Dean Davidsov
CLEAN SEED FIRST
STRIKE ON WEEDS

OAA@fAIN CEEO EIRS
STRIKE ON WEEDS
The best place to start your
weed control program is by plant
Ing weed free seed.
One can expect 10 to Is bushels
OF wheat for every bushel seeded.
You can also expect the same
yield with weeds. Here are a few
facts about weeds: A pure stand
OF Frechweed was found to pro-
duce 10000 seeds per square ward
"a single Frenchweed plant had
I,O4O seeds. Common mustard was
found to have 2,700 seeds on one
plant; Russian thistle 24,7OO. The
time used in preparing a seedbed
o weeds is a total loss.
The fact that grain has been
through a cleaner does not nee
essarily qualify it as good seed.
II IS the condition after cleaning
that is important.
any extra effort and expense
put forth in obtaining clean seed
means fewer seeds in the field.
resulting IN less expense in spray
ing, higher yields, less dockage
ana better grades when market
Ing. These in turn boost the net
return of the producer.
Remember, good seed doesn't
cost, it pays.
WIREWORM CONTROL
Although the treatment of seed
OF spring-Seeded cereals for the
control Of wireworms adds to the
cost Of production, it is worth the
cost where fields have a history of
Wlreworm damage.
Recent tests in central Montana
indicate treated wheat produced
80 more bushels per acre than
~untreated wheat. In areas heavily
infested with wireworms. yields
from treated seed have been from
100 to 400 per cent higher than
from untreated seed.
Two insecticides are recon-
mended for the treatment of seed
for wireworm control. One is
hndane for which the recon-
mended rate Of treatment is one
ful ounce of active ingredient per
buShel of seed. The other is al
drin which is used at the rate of
two full ounces per bushel of
seed.
Farmers are reminded that
The Sidney herald., 1955-03-24

nearly any insecticide will re-
duce termination if it is left in
contact with the seed over a long
period of time. Seed treated with
lindane should be planted within
is days after treating. However,
seed treated with aldrin can be
stored for three or four months
with little or no effect on germi-
nation.
Since insecticides are poison
Gus to humans as well as insects,
proper precautions must be taken
when handling the materials. The
use of respirators is advised and
contaminated clothing should be
removed and washed after the
treating operation.
SHEEP FOR FAMILY FARMS
Many people are asking ques-
tons about the probability of
putting some sheep on their small
acreages and this has prompted a
study which points out that such
a decision might be very profit
able.
A study was carried on in
Montana in cooperation with the
Agricultural Research Admins
tration to determine just how
profitable such an enterprise
would be. Here are the results of
this study.
ITO find out how profitable
and feasible it might be to add
a few sheep to the small or medi-
UNI sized farm, the USDA in CO.
operation with the Montana Ex-
pertinent Station has made some
farm-management studies on ir-
rigated farms in Montana. 1t was
found that the reason most farm
ers keep a small flock of sheep is
to get some use out of idle land or
to use surplus forage. Also,
farmers interviewed in the study
said the farm flock takes very
little time away from other farm
operations since sheep need most
attention in the winter time. The
researchers also found from their
study that the average farm flock
of say go ewes and 2 rams pro-
duced an annual return of $1,000
or $21.70 per eve. OF this amount,
1854 came from sale of the lamb
crop, $64 from culling old ewes,
and 1914 from ~fleeces. These fig
ures r based on a lamb crop OF
70 lambs, of which 60 were sold
at 80 pounds weight for 10 cents
a pound and the other kept as re-
placements. And there were 60
fleeces in the flocks studied aver
aging 10 pounds which, at the
time of the study, sold for SIS cents
a pound. Economist d. c. Myrick
of the Agriculture Research Ad-
The Sidney herald., 1955-03-24
THE SIDNEY Herald
Thursday. Mar. "a. 1856

adequate to serve the growing
needs of the entire Minot area.
Hungry Horse news. [volume] (Columbia Falls, Mont.) 1948-current, 1955-01-21
Bridal Shower For
Mrs. Matthews

A beautifully appointed bridal
shower was given at the Cedar
Lodge motel, on Tuesday, honor
ing Mrs. L. M. Matthews, formerly
Barbara Gore. Hostesses were Mrs.
Mary Thomas, Mrs. John Stefanic
and Mrs. c. B. Matthews.
An arrangement of white, yell
low and orchid chrysanthemums
was featured. A corsage of yellow
rosebuds was presented the hon
Gree by the hostesses.
Interesting games and contests
were enjoyed during the hours
Dainty refreshments were served.
About Is guests called and many
lovely gifts received.
Present were: Mrs. Bud Hen
erickson, Mrs. J. D. Hamilton
Mrs. Hollis Hamilton, Mildred
Humphrey, Mrs. V. M. Thuney
Mrs. Leon Apologize, Mrs. j. H
Choate, Mrs. D. G.. Galley, Mrs. S
v. Sonnenberg, Mrs. c. w. Nitz
Mrs. w. E. Thomas, Mrs. Ed Wal
den, Mrs. Burt Carlson, Mrs. Ton
Shelton Mrs. Lena May, Mrs
j. D. Black, Mrs. S. D. Sivils, Mrs
Bob Nordtome. Mrs. Al Atwood