davidaulloa/AmericanStories huggingface dataset:
Evening star., 1955-03-11

Board, warned yesterday that
"there are elements Of real dan
ger" in the economy resulting
from rapidly rising stock prices
and the over-building Of homes.
He recommended the curbing
OF loans made by brokers and
banks for the purchase of Sc
curities and a Tightening up Of
what he called excessive easy
mortgage terms" for home pur-
chase.
Mr.. Eccles said the Federal
Reserve might ultimately in
crease to 100 per cent stock
margin requirements. The pres
ent requirement is 60 per cent.
AS for his opinion on the
present stock market situation,
Mr.. Eccles. now a private banker
in Salt lake City, told the COM
mittee:
"There cannot be a perpetual
bull market, and to the extent
that excesSes are permitted to
develop unchecked, just so much
more painful the decline will be.
with adverse effects on the
economy in general"
Evening star., 1955-03-11
'A-Weapon Reported
Stored on Formosa
As War 'Precaution'
By Richord Hughes
North Amsricon Newspaper AIlienes

TOKYO, Mar. 11.-Atom / c
weapons have been stored on
Formosa for use In an Asian
conflict only on the personal
orders of President Eisenhower
This was reported today by
United States sources considered
both informed and reliable.
1t has been known here for
some time that the atom bomb
has been stored on Guam and
Okinawa, where American air
force bases are located.
I'VE do not doubt, and indeed
hope. that Peiping knows that
the bomb is available on For
mosa," an American informant
declared. This is only a pre-
cautionary move.
For Corrective Strength
But if there is a sudden Com
munist-dictated war in the Far
East, the United States, not only
for her own or Chang Kai-shek's
sake, but for the defense of the
free world in the Pacific will need
the corrective strength of the
atomic bomb"
This corrective strength" was
previously discussed by Secretary
of State John Foster Dulles. On
Tuesday. he reminded Commu-
mist China that the United States
has new and powerful weapons
of precision"-an evident refer
ence to nuclear weapons distinct
from the city-wrecking hydrogen
which can utterly de-
stroy military targets without
endangering unrelated civilian
centers."
Mr.. Dulles has declined to state
specifically what the United
States would do if the Chinese
Nationalist-held islands off the
South China coast were attacked.
But the head of the United
States military advisory group in
Formosa has concluded that only
American bombing of the main
land could make the Quemoy po-
sitions tenable.
$50 Red Guns in Position.
Maj. Gen. William C.. Chase,
after an inspection of Quemoy,
has observed in a report that
Evening star., 1955-03-11

the islands Of Quemoy, Little
Quemoy and Tatau are within
five miles of the China coast and
Communist-held Annoy Island
where Russian-made 122-milli-
meter howitzers and four-inch
high-velocity guns are being
massed. At least $50 Communist
gun positions have been mapped.
Gen. Chase reported.
A barrage from such an array
of cannon would be able to dew
astate the Quemoys and cover a
seaborne invasion with ease
unless the United States Air
Force was allowed to bomb the
mainland, the geenral went on.
An evacuation Of Quemoy on the
Tachen model, which provided
the Nationalists United States
air and sea support. was declared
impracticable if Communist ar
tillery, even without air support,
maintained a heavy rate Of fire.
Gen. Chase emphasized that
whatever the ultimate Washing
ton decision on Intervention for
the protection of the Quemoy and
Matsu Island groups, the success
full defense of FormoSa, to which
the United States is unequivo-
,ally committed. depends on COM
mand of the air over the For
mosa Strait.
The steady buildup of Commu-
mist China's land-based air
strength. now proceeding under
the advice" of Soviet Marshal
Zhavoronkov, was said to Leave
no alternative to an American
accumulation of atomic strength
at key forward bases as compen-
sation.
Evening star., 1955-03-11

employees who year such garb
without official regulation or law.
Various committee members said
they favored extending the uni
form allowance to employees who
need uniforms as a vital part of
their jobs, but they declared
safeguards should be written in
the bill to prevent abuses of the
intent of the original uniform
allowance law.
r
SAFETY BILL The AFL
Government Employees Council
has voted its opposition to ad-
ministration backed legislation
designed to reduce on-the- job
accidents among Government
workers by holding agencies re-
sponsible for the costs. The
United States Employees Com
pensation Bureau now is reSpon-
sible for all accident payments
The employe unions declare
the legislation might result in
Congress failing to appropriate
sufficient funds to some agencies
to pay employe injury benefits
They also fear that agencies, if
responsible for the cost, might
balk at paying employe claims
and might force employees to re-
turn to work before they have
fully recovered from their in
jurieS.
The unions say they favor
enactment of a law to reduce
the number of employe accidents,
but the legislation should be of
the kind that would initiate
safety and educational programs
to prevent accidents.
y X X
BAR LIFTED-After 25 years
of strictly male membership, the
Federal Club. composed of Gov
ernment personnel and admin
istrative officials. has decided to
admit women to the organiza-
ton. Meanwhile. Frank H.
Weitzel. assistant Controller
General, will address the group
at its dinner meeting at 6;15
pm. Monday in the Willard
Hotel.
1855 PERSONNEL CONFER
ENCE-The Society for Person.
mel Administration will hold its
1855 annual conference in the
Hotel Statler on May II and IL.
X y y
TOASTMISTRESS CLUB-A
group of Navy women employees
have formed the Federal Toast
mistress Club. Its purpose is to
provide members with a medium
for self-improvement In speech
and group leadership. The Of
ficers are Augusta ClaWson, pres
ident; Mrs. Cecile Hardy. vice
president; Loretta Raley, secre-
tary, and Maurine Powell, treas
| urer. Those desiring to attend
the semimonthly meetings are
asked to contact Miss Powell at
! the Navy Department.
Evening star., 1955-03-11

get an additional increase.
The only exceptions might be
maintenance employees in the
lowest grades, who would re-
ceive the same pay that they
drew in the CPC schedule. Union
leaders are protesting this ar
rangement and asking that
these employees also receive a
raise on conversion.
The conversion Of CPC en-
ployes was ordered by Congress
last year as part of the fringe
benefit law.
The employees involved include
building maintenance men. la
borers, warehousemen, carpen-
tiers, plumbers and those in va
'rious other occupations.
The conversion was ordered by
Congress as part of last years
fringe benefit law Congress set
the conversion date deadline as
next September /, but csc Off
cials have speeded up the pro-
gram to a point where it can take
place on July l.
PAY-The House Is scheduled
to vote on the 7l2 per cent postal
pay raise bill the week of March
20. 1t holds hearings on CLASH
fed pay next week. The Senate
is due to vote on classified and
postal salary legislation either
next week or the following week.
There's increasing talk that the
House might vote on the postal
pay bill under the suspension of
the rules. This would bar amend
ments and block the attempt of
postal employe unions to have
the 712 per cent average raised
to g, Or 9 per cent.
X X
UNlFORMS-Members of a
House Civil Service subcommit-
tee expressed surprise yesterday
when informed that Government
cosmotologists, meat cutters.
housekeeping aides and nurses
would be in line for 500 a year
uniform allowances under pend
ing legislation. --
The group is holding hearings
on legislation to extend the $100
a year uniform allowances to
Evening star., 1955-03-11
The Weather Here and Over the Nation

noon and over south portion this
evening possibly locally severe
over north portion this after
noon. Clearing and cooler to-
night, lowest in the 40s in the
interior and around SO on the
coast. Partly cloudy and mild
tomorrow becoming rather
windy in afternoon.
5-Day Forecast for Washington
and Vicinity, March 1919.
Temperatures will average 6
to 10 degrees above normal.
Washington normals are 54 and
35. Colder tomorrow. warmer
Sunday. colder Monday. warmer
Tuesday and Wednesday. Show
ers and thunderstorms again
Sunday and Wednesday totalling
one-half to one inch.
Evening star., 1955-03-11
Bill on Relocation Costs
Sent Back for Changes
BY O ssor Ssoff core.pendsnt

ANNAPOLIS. Mar. 11.-Legis-
lation to make the State Roads
Commission pay for the public
water and sewer line relocations
necessitated by its highway
projects was back in the House
Ways and Means Committee
today.
Delegate Blair Lee III, Demo-
crat. Of Montgomery. one of the
bills sponsors. asked the House
to recommit it yesterday for the
purpose of adding an amend
ment to assure the smaller
counties they would not lose road
revenues by it.
The bill is strongly backed by
the Washington Suburban Sani-
tary Commission, which says it
will have to spend $2.7 million
relocating its lines to make way
for road Improvements in the
States 12-year program.
Evening star., 1955-03-11

District and vicinity-Showers
and thunderstorms possibly 10
cally severe today with highest
in lower 70s. Clearing and
cooler tonight, lowest near 48.
Some cloudiness and mild to-
morrow.
Maryland-Warm and windy
today followed by scattered
showers in the west portion by
afternoon and along the coast
tonight. Partly cloudy and COOL
er tonight with low near 38 in
west and As in the east. Fair
and cooler tomorrow followed by
showers in the west portion by
night.
Virginia-Showers and scat
tered thunderstorms this after
Evening star., 1955-03-11
Star Want Ad Brings
so Calls for Auto

When Ms. W. c. N. decided to sell
her automobile. she directed her soIss
efforts dow the right road by pIoeins
on inexpensive wont cd in the produc-
tive outomotivs columns Of The Stor
Classified. She sold the used cor the
first doy her I'D oppeored. In all. she
received 50 coils from Sfor reoder-
prospects!
u YOU hove on QUITO to sell and
are looking for on cosy route to quick
soles, tell il TO the long established
audience Of The Stor readers. All
you have to do is coll Sterling 5000
ond osk for on od- tcker.
Evening star., 1955-03-11

OF these en-
ployes are in
the Washing
ton area.
These en-
ploye e S not
only will get
whatever raise
is a ppro we'd
by Congress
Tor claSSlQeQ
employees this
year. but on
conversion to
W a g e board
coverage, most
of them will
Evening star., 1955-03-11
DeudIine Extended
In Rail Poy Dispute

President Eisenhower today
granted a third time extension
to an emergency board which Is
preparing a report on a wage
dispute between many Of the Ma
tlon's railroads and the Order
Of Railway Conductors and
Brakemen.
The report deadline was ex-
tended from March IS to April /.
Evening star., 1955-03-11
Jets Use Thick Coverings

New Jet aircraft have a tapered
wing covering that is 10 times
thicker than the aluminium
sheets used in World War II mill
tary planes,
Evening star., 1955-03-11
--AP Wirephoto Map.


will continue tonight from Central California to
Washington State Ohio the Central Mississippi Valley
and the southern portions of Wisconsin and Michigan Snow
ures expected Michigan the Dakotas
Northern Rockies and the Northern Intermountan region
will colder the Northeast and the Ohio Valley
ington State.
Evening star., 1955-03-11
The Federal Spotlight
The Federal Spotlight
75,000mLinef for JuIy1 Raises
In CPC Shift to Wage Board
By Joseph Young

The Civil Commission has decided to speed by
months protective and
toda employees with resultant for most of them
learned today.
Originally scheduled go September l. the
of these employees to%
Evening star., 1955-03-11

wage board coverage will take
place on July l. A total of II ,562
Evening star., 1955-03-11
Road Conditions (AAA)

Pennsylvania turnpike: Wet.
Extreme hazard west of Pitts
burgh. Highways closed due to
high waters in the vicinity of
Cincinnati and Portsmouth,
Ohio. Roads elsewhere are clear.
River Report
tFrom U. s. Engineers)
Potomac River cloudy at Harpers Ferry
and at Great Falls; Shenandoah cloudy
at HarperS Ferry.
Humidity
CReadings Washington National Airport)
Yesterday Pct. To-day Pct.
Noon 35 Midnight Ga
! Pm Pm, = % g am. am --- ssss
Record Temperatures This Year
Highest. "A, on March 10.
Lowest, 10, on February g.
High and Low of Last - Hours
High. "A at 1850 pm.
Low, 5S at 4:45 am.
Tide Table
Furnished by United States Coast and
Montana farmer-stockman. [volume] (Great Falls, Mont.) 1947-1993, 1955-06-15
Folder Discusses
Water Programs

Estate AND FEDERAL PROGRAMS
which provide Aid in Water cOntrol
and development is the title Of
nocket size folder just released BY tne
Montana Extension service.
The publication covers seven state
~ - federal programs empowered by
law to assist individuals and groups
i { solving their water problems, each
- cram purpose, who are eligible
b = make AXE use Of it, where and how 70
sool-a application, the cooperating
. aaancias uses Of the program aid, In
tasast rate on loans and what is re-
CURED Of local beneficiaries.
The folder is written by H. 7. DuS s!aa
berry, extension irrigation specla a,,st,,
and IS available at the offices OF county
extension agents.
Montana farmer-stockman. [volume] (Great Falls, Mont.) 1947-1993, 1955-06-15

The wholesalers listed below are
authorized to sell Alcoae Portable
Irrigation Pipe in your area.
Write or call today for the name
Of the dealer nearest you who will
engineer a system tailored to
your needs.
o,,,, Uathieson Chemical Corp.
Little Rock, Arkansas
Sears, Roebuck & Co.
Chicago Z, ILLINOIS
rod machinery Sc Chemical Corp.
San Jose, California
MIR. Leslie e. Tague
Intake, Montana
poison implement Company
Seattle A. Washington
Midwest Irrigation company 49,
Henderson, NepIdSA"
Graham 81 Ross
Great Falls, Montana
uuae+arn irrigation 81 Equip. Co.
Eugene, oregon
rarr9 Improvement Company
Denver 20, COLORADO
Mitchell Lewis &c Staver
Portland H. Oregon
Decoto Brothers
Yakima, Washington -
pain Chick Irrigation Company HAS
Grand Island, NeprasKa
Folsom Company, me-
MissouIa, Montana
Montana farmer-stockman. [volume] (Great Falls, Mont.) 1947-1993, 1955-06-15

reF acre varies greatly VIII SAllClSHSy'
whereas the difference in cost per hour
or per day per man will not be mucn
as between a good irrigator and poor
one The right method of irrigation on
each field may save the cost OF one
irrigator or more on farm.
We have listed carelessness as a
cause Of low efficiency. When water is
delivered on a water right basis through
GRAVITY ditch, it presumably costs
M more to have it running all the
fine Quite often the practice is to let
II run on the pasture or hay field until
it is needed elsewhere. When this prac-
tice is followed, it is very easy to
change it once day or once every
two days when it should be changed
much more often.
Last IS the lack of knowledge. Peo-
nla IN the eastern part of the United
States are now making irrigation pay
whore If was never before thought to
no even needed. This requires knowl-
edge in the use of research. Proper
irrigation combined with the other FAC
TORS Of production makes high yields
Tbo average production under irrigated
oond;tions for some common crop III
Montana seems rather low when COM
nared with the yields obtained in the
maximum production rotation at the
Hunflev Branch Experiment Station.
49, 40 the figures for a 23-year
average at Huntley compared with the
state average for 1858.
Huntley Yield State Average
Per Acre Per Acre
Alfalfa s.5 tons 2-12 tons
SUGAR beets 1875 tons 1874 tons
pafafoas 427.O bushels 246 bushels
| corn 1853 bushels 1914 bushels
oote 1868 bushels 46.1 bushels
perIav 1873 bushels s5.s bushels
poars 1855 bushels 1877 bushels
We can apply more knowledge to
our irrigated crops and get greater
Yields and greater net profits. Higher
production means higher cost ano
Greater profits. It is very easy 70 IN,
eroaea cost without increasing yield
- nrofit An increasing amount OF
knowledge is required as we move up
tbo production ladder. This is just as
true with irrigation as any other fac-
tor Of production.
Montana farmer-stockman. [volume] (Great Falls, Mont.) 1947-1993, 1955-06-15

More farms are irrigated with
pipe carrying this label than any
other brand.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-03-06

finding and producing natural gas.
Six states-Texas, Oklahoma, Louis
lana. New Mexico. Kansas and Cali
contemporaries 90 per cent Of the
natural gas; they also use about so
per cent Of it within their own
borders. Natural gas is found in
lesser degree in % other States. It
is available in all states except
Maine, Vermont, Washington, Ore
gon and Idaho.
Prices Worry
Prices charged for natural gas
at the Wellhead vary according to
contract. Average price charged to
pipelines transmitting to the East
during the past three years was
1926 cents per 1000 cubic feet
(McD. Average price charged for
gas destined for Southwestern dis
tribution was 7.27 cents per Mcf.
The national average was 8.04 cents
per Mcf. The Washington area has
been paying between 10 and IL
cents. These figures represent about
a 40 per cent increase from pre-
World War II prices.
A number of reasons exist for
the price variation. including:
Length of contract, volume of gas to
be sold. promotional factors. hand
ling facilities, etc. Whether discrim-
inatory practices are also involved
is a debated point.
The Federal Governments proper
role is the controversial point
argued in the adjoining columns.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-03-06
The Natural Gas Situation Todo,

and produce the gas charge the pipe
line companies. At least the Gov
eminent appeared to believe that 1t
did not have authority to control
prices "at the wellhead."
Last June the picture changed.
The Supreme Court, In the Phillips
Petroleum case, ruled that the FPC
did have power, under the Natural
Gas Act, to control wellhead prices
as we'll as prices charged by the pipe
line companies.
Strong efforts are now being made
by the gas industry and others to
have Congress amend the gas act
to exempt specifically from price
control the individual gas producer.
The move got big boost last week
when the Presidents cabinet coun-
Gil on fuel resources pointedly rec
commended against Federal control of
natural gas producers.
In the United States today there
are Is million domestic users of
natural gas. About 100000 of them
are in the Metropolitan Washington
Area.
The natural gas industry is now
the Nations sixth largest and sup
plies about one-fourth of all Amer
ica's fuel demands. 1t has doubled
its size since the end of World War
II. Many industries use gas as a
source of energy, as we'll as home
owners and apartment dwellers.
Somewhere between 1000 and S.
900 individual firms are engaged in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-03-06
By Herbert Brotter

Paul Douglas, Democrat, of Illinois,
and Representative Wright Patman,
Democrat, of Texas-have felt that
soaring stock prices of the past year
and more are in part the fault of
the Federal Reserve Board. 1t is the
board to which the Congress gave
the responsibility of regulating stock
market margins: which means, in
plain English, regulating the amount
of money spectators are allowed to
borrow to finance their stock market
activities.
Politics?
Mr.. Patman cites the fact that the
Board cut margin requirements by
one-third in 1858 Ito expand margin
trading" and suspects that it was
last falls elections which Influenced
the board against raising margin
requirements when stock prices were
initiating"
But if the Fulbright committee
chastises the Federal Reserve Board
it will be spanking not the Repub-
licanS, but an independent agency
whose wartime common-law mar
riage to the Treasury was severed
during the Truman administration;
or so we have been told. Of its half
dozen members during the bull
market, five. including the chair
man. were Democratic appointees.
So. from the standpoint of political
dividends only. committee scold-
ing of the board may not be too
rewarding to the Democrats.
Many Wall Streeters attribute the
current bull market in important
part to the easy money policies to
which the Treasury gave its blessing
in mid-1953. The Republican ad-
ministration during its first months
in Office pursued "a sound dollar"
with zeal. That is, the Treasury did
nothing to keep money easy.
The Democrats, of course, hollered
bloody murder in Senate and House.
A recession was starting. So the
Treasury modified its financial poll
cies and refrained from borrowing
money in too vigorous competition
with others.
Suppose, then. that the Fulbright
Committee should blame the Treas
ury's easier money policies of 1858
and 1854 for the rising stock market
prices. Since the Treasury was only
doing what leading Democrats had
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-03-06

Will you be better of If Uncle
Sam controls the initial price of
the natural gas which you burn in
your stove. furnace and/or hot
water heater?
This is big question. 1t is one
which may affect your ultimate
security and economic well-being as
well as the size of the gas pill you
pay. 1t is also question likely to
touch off bitter debate in Congress
in the very near future.
Political Background
In 1888 Congress passed the Ma
tural Gas Act which gave the Fed
eral Power Commission control over
natural gas moving in interstate
commerce. In other words, the
Government controls the prices
which the big pipeline companies
can charge local gas companies for
bringing natural gas to them.
At the municipal level, the COM
panies distributing natural gas to
consumers are, along with ether
utilities like telephone, electric
power, streetcars and buses, sub
lect to rate regulation by local util-
ity commissions. But they control
only local distribution rates and
have no power to investigate or
control the price of gas coming INTO
their State.
There has been no control by
either State or Federal authority of
the prices which those who gather
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-03-06

been demanding and would have
made money even easier in the mar
ket places had it fully followed the
Democratic desires, where's the po-
litical percentage in any such COM
mittee conclusion?
In digging into the mountain of
statistics and opinions the staff of
the Fulbright Committee has COL
lected, the most likely political pay
dirt would be the discovery of any
loopholes in the regulation of the
market laid down by the Congress
in the securities laws of 1888 and
later. Those laws grew out of the
abuses in Wall Street uncovered by
the Senate Banking and Currency
Committee under the guidance of its
then counsel, Ferdinand Pecora.
Judge Pecora recently called on
Senator Fulbright. but it is doubtful
that he had anything spectacular to
suggest. The chances are that the
Fulbright Committee will find that
the reforms which Pecora helped
bring about are by and large pretty
effective.
New Lows?
1t would be unsafe to conclude
that the Fulbright committee will
find no need for new securities legis-
lation. Senator Herbert Lehman
of New York. who is eminently
qualified in this field, told the COM
mittee he has no doubt whatsoever
that there are still some abuses in
the stock exchange.
Moreover, the over-the counter
market is entirely unregulated and
probably could be improved in the
public interest. Still another prob
lem is that posed by radio broad
casters who dispense Nation wide
advice to spectators.
But it would be erroneous to at
tribute the steep market rise of the
past year and a half to abuses
which legislation can eliminate. Last
week, at any rate, the bull market
kept right on climbing regardless
Of the Senate hearing.
Whatever happens during coming
weeks Senator Fulbright and his
colleagues evidently realize that
there are political as well as flnan-
cial dangers in the stock market
A serious dip in prices may make
him wish he had never laid hands
on the Wall Street bull.