davidaulloa/AmericanStories huggingface dataset:
Evening star., 1955-06-30

and Mr.. Fiemming said that they
|dissented generally" from the
entire report, and cited q number
of specific objections.
Fayoring individual portions Of
the report, they amplified that
I'VE are concerned that the rec
|ofnmsndations. when taken to-
|gethG. would impede the Fed
|eral Government in exercising
Its proper role In the develop
Ment and use Of the Nations
water resources.
Representative Holif1eld, DEM
ocrat. Of, California, one Of the
foremost public power advocates
In the House. contributed an 84-I
page denunciation Of the major
ity findings, which he described
as a fantastic" and possibly
dangerous" document. He said
the commission had deliberate
ly played down" the minority
views.
Former Democratic Postmas-
ter General James A. Farley
said:
I'm my judgment, the cumu-
lative effect of the recommends
tions in this report come dam
gerously close to inviting an
abdication by the Federal Gov
ernment Of its responsibilities to-
insure the proper development
of this country's great natural
resources"
The majority trod all over the
toes Of iva advocates who now
are embroiled In the Dixon
Yates row in Congress, going
even q step beyond the proposed
curb on steam plants to urge
that waterpower developments
using steam for "firming up"
purposes. tie in with private
utilities to meet their generating
needs when the water flow is
insufficient.
Deficits Claimed
And despite the contention Of
iva supporters that the famed
New Deal project is paying its
way, the report quoted task
force figures to show that the
iva would be running nearly
500 million in the hole If its
accounts had to take into con-
sideration Federal as well as To-
cal taxation, interest and re-
placement costs.
Deficits also were shown for
Columbia River Basin. Hoover
Dam, Parker-Davis Dam and
Central Valley projects and thel
Evening star., 1955-06-30

Southwestern and Southeastern
Power Administrations.
In getting away from the idea
of selling out the Governments
power industry. the commission
backed away from the Moreell
task force report which stirred
q furore q few weeks ago when
it looked out with its recon-
mendation that the billion dol
lar iva power investment be
1iquidated. It said that the
Atomic Energy Commission, now
using a big bloc Of iva power
should take over such iva
plants as were needed, and that
other Federal power facilities
over the country should be sold
or leased to private concerns.
Proposal Assailed
Congressional members from
the iva area and other public.
power areas promptly assailed
this as an assault on iva, and
President Eisenhower repeated
his promise that his administers
ton never would wreck" iva.
!. Joined with Mr.. Hoover as
the majority were:
Senators Bridges, Republican,
Evening star., 1955-06-30
By JOSEPH A. FOX

Congress has before It today .
report from the Hoover Commits
sion calling for q check on
further expansion of the Govern
ment's sprawling SO billion pub
lic-power empire.
The document reflected sharp
dissent within the 12-mem-
Der governmental reorganization
commission headed by former
President Herbert Hoover. With
eight members concurring. the
report cited figures to show that
the Federal power venture now
is running more than 1891 mil
lion in the red because Of an M
adequate rate structure. It de-
clared that "the Federal tax
payer Is subsidizing" this pro-
gram.
Attorney General Herbert
Brownell and Defense Mobilizer
Arthur 8. Flemming Joined two
Democrats In dissent.
The majority advocated q
clamping down on the Govern
ment's power ventures, 1t insisted
also that the rates charged for
electric current should be brought
into line with those Of private
utilities, over which they now
enjoy an advantage Of as much
as 100 per cent.
Proposal Rejected
The Commission did reject o.
proposal Of its task force that
power facilities at the great Fed
eral dams be disposed Of to pri-
vate concerns. But 1t went along
with the Eisenhower partner
ship" program, under which pri-
vate concerns would be permitted
to take over the power-plant IA
cilities Of new multipurpose
Federal dams, while leaving the
nonrevenue-producing features
such as reclamation, irrigation,
flood control and navigation to
the Government.
The Hoover Commission winds
up its work today, and the re-
port, its 18th and last, followed
the conservative trend Of those
which have preceded 1t.
The report covered the sub
ject of water resources In It's
many phases. But its most i'm
Evening star., 1955-06-30
Hoover Report Urges
Check on Public Power

portant recommendations deal
with the controversial subject
OF waterpower. which is certain
to figure largely In the prssi.
Dental campaign next year.
Guided largely by the rec
concentrations Of the task force
headed by Retired Admiral Ben
Morecll. now chairman Of the
board Of Jones q Laughlin Steel
Corp, the commission majority
topped its power recommenda-
tions by proposing that Congress;
/ Ban Government construc-
ton of steam plants. such as
those now furnishing about two-
thirds Of the power for the Ten
nessee Valley Authority.
2. Forbid the building Of Fed
eral power lines wherever pri-
vate utilities can provide trans
mission move that would hit
rural users.
Other Proposals
The majority also advocated:
That rates on Governments
power be fixed by the
Federal Power Commission at
levels rejecting the same taxes,
interest and other charges paid
by private utilities.
That the use-performance now
given to public and cooperative
power groups be restricted to let
private utilities obtain q sfair
share" of ACKNOWLEDGEMENT
power.
That the seven great river
basin projects be reorganized as
corporations, and that these.
along with the iva be obliged to
get money for future expansion
by issuing their own bonds
thus relieving taxpayers Of this
burden"
That the irrigation revolving
funds maintained by the iva
and other mutlipurpose Federal
installations be abolished. so
that any new projects would re-
1uire appropriations by Congress.
Finally. that the private utili-
ties get q chance to cut in on
new Federal water development
projects-the issue that now Is
stirring the Northwest.
Attorney General Brownell
Evening star., 1955-06-30

New Hampshire: Mcclellan.
Democrat. Arkansas; Represen-
tatiye Brown. Republican. Ohio:
Robert @. Storey. Dallas. former
president Of the American Bar
Association: Joseph p. Kennedy.
former Ambassador to Great
Britain; Sidney A. Mitchell,
New York banker. and Solomon
c. Holiister, dean Of the Cornell
School Of Engineering.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12
Peak Year Seen
In Record Sales

NEW YORK. Aug. IL (P.-The
American record industry is
headed for its peak sales year
at home and in Europe. Emanuel
Sacks. vice president and general
manager of the RCA Victor
record division, predicted yester-
day on the eve of departure for a
tour of European record market
centers.
The RCA executive said the
Iindustry's domestic record sales
this year would pass the $500
million mark, an increase Of
about 20 per cent over last year.
He attributed the increased
popularity to three factors: wider
interest in recorded music, zoom-
ing sales of record players and
price cuts in the long playing
records.
England is the worlds second
largest record market with about
As million unit sales a year"
Mr.. Sacks said. West Germany
is third with 80 million and
records enjoy comparable popu-
larity in other European coun.
tries"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12
StocEAdyance
Moderately in
Quiet Trading

NEW YORK, Aug. IL P.-
The stock market advanced
moderately today with a hand
full of issues up / to around 8
points.
Trading was quiet. The pace
was in the neighborhood of yes
terday's 1920, 900 shares.
Du Pont and Zenith made
major gains, and also higher were
'Chrysler, U. s. Steel. Goodrich,
United Aircraft. American Tele-
phone, Santa Fe, Standard Oil
IN j.. General Electric and In
|ternational Harvester.
Principal divisions going up
included steels, rubbers, farm
implements, radio televisions,
chemicals, oils and airlines. The
motors and coppers were mixed.
Aircrafts were unchanged to
higher.
Brokers felt the market acted
well in the face of new credit
restraints and warnings from
Washington against too much
imitation. Secretary Of Com
merce Weeks cautioned Ehat
stock market speculation must
be watched closely.
The bond market was quietly
mixed. U. S. Government is
sues traded over the counter
we're quietly lower.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12
CHICAGOLWESTOCK

CHICAGO, Aug IL R, CUsDAl--
Ss liable hogs 5 900: active. 25-b0 higher
mn butchers; most advance on weights
under zoo ID. with instances up more
on these weiEhts; sows generally steady
70 strong, Instances IS higher: most
U. s, No, TO Is laO-2sO ID butchers
q % 1873; mixed No. ! and 2s zoo
230 ID mostly at 10 rs: "a head LOT
100 No. ? and As $50 ID up to 1855:
Few lots, "s0-31O ID 1b15-1625. but
supply these weights limited: most sows
400 Id and lighter l3.7b-I5. @5; a few
choice 275-300 10 I550-lb75 mos,
400-500 ID 1..fh-l4 90: a few up 10 600
ID down TO 1900 and below. good clear
ance
Salable cattle ! 900, salable calves
100; slaughter steers and heiferS scarce
norninally steady: utility and CONNER
cial cows about steady: Gamers and
cutters strong; few bulls weak to fully
20 lower; Vealers steady: q few high
choice steer yearlings up to 2276: util-
ity and commercial COWS lO6O-12 80;
Gamers and cutters a0O-l 90; a few
utility and commercial bulls 1880
800; good and choice vealers 1900.
23 90; Gull to commercial IL 90 1900.
Saiable sheep 500; GOOD to prime
grades spring lambs S0-98 10 2O.5O.
23.75: Gull to low good grades IL 90.
80: Gull TO choice slaughter eve,
'35o-5.O0.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12
BUSINESS
BRIEFS

Bendix Aviation reports net
income for nine months ended
June 80 rose to $1e,77S.666 equal
to s433 a share from sl7.901, 4sa
or 1895 a share in the previous
period.
]. c. Penny CO., department
store chain. reports net income
for the first half Of 1855 rose to
sl7, 980,771, equal to s2.1S a
share, from $l6.157.l36 or $1.s6
a share in 1954's first half.
Heavy construction contract
awards in the week ended Mon
day totaled $188,2l1,000 in pri-
vate construction and $l46,247,-
900 in public construction. COM
pared with $317.693,000 the pre-
ceding week and $4l9,221 900 for
the second week in August a
year ago. This brought volume
for the 80 weeks of 1855 to a
record $l1.760.455. 900, 80 per
cent over the pace in 1854
Engineering News Record.
Railroad freight volume FOL
the week ended August 6 was
,319 cars or 2.s per cent below
the preceding week, 1880 cars
'ur>14.7 per cent above the COR
responding week last year
Association of American Rail
roads.
Other earnings included:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12
BALTIMORE
MARKETS

Ervsr ,nork.t stsnSy Eraxh .,ock in
liobi yo,,imc c,earsS -eadtIS TpsS,pn
foir w gnnd Inferes, notaS tor 5Hhs
noupd hesvv tvne bens hut offerinss vere
sc frs. Ear rs nen rs SLOW 10 sen 5r9iIes
VI t'''S. ius:,S.S o'ei' ""-"1'
catt,. 1oo. pot enovsb .,v cless cola
IN sstohi;sh rr;c. tren5 n n.nx e 10 suiu
sUpnIv recsjSsS trtspJaS' ~ US' ~ sniSi
trs5s' eu ih'e"aeo ioi .NohoS'
Eeires Mona. ouotatior, nori,ou,
urchanso, "ohe' auo'"'ions nomliiahS
HOGS 81: mt enouoh nm affair tn nav
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12
Vacation Spending
Continues at Peak

NEW YORK, Aug. IL (P.-
Vacation spending in the Ma
tons retail stores continued at
peak levels this week, according
to Dun q Bradstreet.
While hot weather discour-
aged shopping in some down.
town areas, suburban stores
racked up substantial gains.
Resorts reported occupancy at
an all-time high and tourist
spending well above year-ego
levels.
Brightest spot from the mer-
chants point of view: Clear
ance sales of summer merchant
disc were less frequent than a
year ago, chiefly because record
consumer buying in recent weeks
reduced stores inventories of
seasonal items.
Total retail sales for the
week ended Wednesday ranged
from 6 to 10 per cent higher
than in the same week last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12
Hearings Continued
On New Fairfax Bank

RICHMOND. VA, Aug. IL (Pl.
The State Corporation Com
mission has continued until
October hearings on the applica-
lions of two northern Virginia
banks to establish a branch bank
in Springfield, Fairfax County.
Hearings on the applications
of the Bank of Annandale and
the Mount Vernon Bank and
Trust Co. had been set for Sep
TENDER 12-13-14. The sec post
Iponed the hearings until October
1890.
The banks want to establish
branch bank at the intersection
of Franconia and Backlick roads
in Springfield.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12
FOREIGN EXCHANGE

change rates follow. Great Britain In
dollars, others in cents unchanged un-
less otherwise noted; Canadian dollar
in New York open market, ! !. per cent
premium or 10I 81 u, off 3-32
Europe--Great Britain. pound. 9 1sts
of "a; 30-day futures, 2.7Sh. of "a:
60-day, 2.77ss, Of u; gO-dsy. 2.77Ts, OF
.5sss; Western Germany. deutsche marx.
1855; Holland, guilder, 1915. up .Ul
Italy. Ira, 1914; Portugal escudo, $50.
Sweden, krona, 1874; Switzerland, franc,
free, 23.33i7' Denmark krone, 1850
Latin .America--Argentina, free, 7.22;
Brazil, free. "A: Mexico, s.02; Vene-
zuela. bolivar. 1908
Far East-HonR KONG dollar, 17.40.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12
D, c. PRODUCE

Quotations supplied by the United
states Agriculture Department up 10 y
I'm and cover less than cariot guam
titles. ,or,-s
APPLES: N. J. Wealthy, bn bsk; US
S,kt. us#ia gs-$s.s up goo; eTsvsn Iixsn.
STEMS STEMS Sa bskt t us4i So up oo;s 50
| BANANAS: 4O-lb ctns cut 4.o0-4 so,
BLUEBERRIEs N. J. 12-pt flats. cul'
tivated, film wrapped per pit small
me chNTA lS6dns CALF. West Side: ,be
3. 90. DELAWARE a crts,, 24s .75-2 :5;
''f HoNEYpEWs: CALF crts Jbo ass &
'-i EEM sss-s CALF Al ctns, $50 count 475-
''V ORANGES: CALF valeneias. boxes:
1916; FLA Las blu erts, l76-2l6s 800
ss FEAcHEs o eAt AZ ElSfE,9 NIB H Iss
Haven, q 81 Ssks; us#I' =. min SO q
Hale Haven, b1 bsktz. us4l. y min . 90
ri S,t, up 1ss $50 "a HI HALE Hsysn = ct 9s
I Ioss 400 200 SOS 4so-b. 90; W. Va Hall
Haven, bu bskt' usEl, 2" min 800
VEGETABLES:
BEANS tsnsp,; By bskt s,, 4 hPrs
S Sasi ESQ., s.? r END 9Hio e
NJ. $50 NY. 3,75-4 90.
Ro G4BBA a5 & "a pa sS GEs Nc Psrnes sc
liz R R..0 s'f b er. NJ I"'5os$ 90 wv,
bags, s4s ZOO IS: boei6 sacks; NJ
d diaf c an ., e'5o-@'70' l6-a' 0skt
otherwise statedl CALF 2fas t.25,
Ctns I:.l6s 200: NJ. SIS 900 ; 90 90
West Sec. 5, 200. SIS ss5 IS 500 800:
Golden Heart, i6" CIT. NY. West Sect.
Is &. 80 ass 3.00-3a5.
NesfbS. N fair sna i ZOO" 'ooel SO. .".'
CUcUMBERS: Blu bskt DELAWARE,
Waxed, fair dual 100000. E.,
GREENS Blu bskt; clipped; cc ella. RS
LETTUCE; CALF Iceberg type. etns
1900 4 ON; Is 4oo.4a5; Eastern ter Ice Ice.
Romano NY. ,1-iI9 bu crt l..50-2, 90;
ohio isI9t od bskt l-25. Boston type NY.
T. os sEIfs 4 PBs sG' 'sst' NY Us 4 ~
l Iss; NY Yeliexs 81 %V Up Zoo. mediums
WASH n y SsEf e VI "a lair
dual 2 90. Nearby. fair duai 200.
PoTAToEs: US No. I. Size A.
washed. 50-lb sacks. (unless otherwise
stately: CALF Long whites. Extras
lOO-lb sacks few sales $50; della
WARE Cobblers, unwasiIed .9Q-l .25,
Chippewas 50-lb paper sacks 90;
MAJ az N G200 eoSblers oD K asper
SWEET POTATOES: LA blu crt,
Porto Ricans 300-32S. VA, blu bskt
A. 6AI1
TOMATOES; Nearby. turning 4
ripes, "a bu bskt ,75-l..5. few best 30,
prices according to QUALITY; Maryland
ID ctns Pinks .50-1.15. Ripes 10 .25,
1O-lb ctn Ripes 75c. loot bskt
Ripes soc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12
tunit Of trading 10 shares or sales IL

Rates Of dividends in the foreRoinp
table are annual disbursements based on
the last quarterly or Semi-annual dec.
or extra dividends are not included
o Also extra or extras. Annual rate
Plus stock dividend Declared or paid
in 1855 plus stock dividend, Paid last
value on ex-dividend VI redistribution
late. G Declared or paid SO far this year
h Declared or paid after stock dividend or
split-up Z Declared Or paid this year
an accumnlative ,ssue with dividends IN
arrears. Paid this year. dividend
omitted, deferred or no action taken AZ
last dividend meeting; Declared or paid
ING dividend cid Called Ex dividenl
x-dis Ex distribution LEX rishts
Nv Without warrants, WV with warrants.
'In bankruptcy or reccivership or being
reorganized under the Bankruptcy Act.
or securities assumed By such companies
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12
NEW YORK COTTON

futures were quiet in forenoon dealing
today with prices mixed. Traders awaited
possible. developments at Washington in
connection with movement OF cotton into
Earlier this week Secretary OF State
Dulles announced the question OF cotton
may be taken up at todays meeting OF
the cabinet
Noon prices were Is cents q bale lower
to 3 cents higher than the previous close
october 33.8S, December 33.77 and
March 1911.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12
CHICAGO GRAIN

CHICAGO, Aug. lG R.-Grains helc
steady on the Board OF Trade todal
but an early EFFORT to rally wound VI
nowhere.
In moderately active dealings small
gains were posted at the outset as tn,
market continued the upturn which 90
under way in the last half OF tn,
previous session. But there wasn't much
news TO encourage buying and mos
ceralS soon slipped back
Wheat near the end OF the first hou,
was lower to 70 higher. Septembei
September 81 .29h: oats u to i. higher
September 5S1s; rye y. lower to y.
higher, September 20: soybeans "a TO
cent higher, September SO 2bk. and larc
s TO l2 cents hundred pounds higher
September SIOp1
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12
NEW YORK PRODUCE

Wholesale egg prices were unsettled or
mixed color extras and undertakes ant
steady to frm on the balance today: re.
ctipts. $3.50 wholesale selling price,
based on exchange and other Voium,
Midwestern, mixed colors. extras 1856
lbS.), An 49A, extras large (45-4S
lhs.l.. 4b-46Is; extras medium. 4a.44
standards large. 1898; dirtieS. 97-3i
checks: 25-31: whites. extras t4s-5C
lbs. .b0-52; extras large (46-4s lbs
46'a-41i2; extras medium, 44I2-45ta
browns, extras i4S-50 lbs.I, 4nia-5l n
Nearbsa-Whites: Top quality t4s-5t
lbs. }. 81 -63ia; mediums. Sn-b4: smalls
81 81 "a; peewees, 1870: browns. Tor
quality 1880 lbsD, 6l-63. mediums
5ooiihlts; smalls. 34ia-35; peewees
dSa2-20, Butter--Steady: receipts. 344.-
receipts, 44,296; prices unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12
METAL QUOTATIONS.

NEW YORK. Aug IL B.-Spot non
ferrous metal prices today: Copper, 80
cents a pound, Connecticut Valley. Lead
Is cents a pound, New York Zinc, 12l.
cents q pound, New York Foreign silver
p034 cents per troy ounce. New York
Pittsburgh scrap steel No. l heavy was
quoted at 1890.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12

: Walter B. Ford, manager o.
the Arlington district Office o.
i the Prudential Insurance Co. o.
America is celebrating his 30tt
anniversary with the company
! The company has presented hin
a 3O-year pin and scroll.
/ He started with Prudential as
an agent in the Washington
Office in 1925. He was promoted
| to staff manager in 1928 and
| became district manager in 1947
Mr.. Ford, a native Of Balti-
more, attended school in Wash
ington. In World War / he
served with the Army's Rainbow
Division.
Little Danger Seen
In Credit Extension
Credit extension by the Ma
| tons department. chain and
speciality stores offers no cause
/ for concern, according to Philip
M. Talbot, president of the Ma
tional Retail Dry Goods AsSocia-
ton. Mr.. Talbot is senior vice
president of Woodward & 10TH
rop.
He said current figures dis
close that only IL per cent OF
total department store sales are
completed on a deferred basis
He added that there has been nc
increase in the percentage Of de-
partment store .installment sales
| to total consumer installment
debt since 1899.
Mr.. Talbot said the Nations
retailers extend credit on a SOUND
basis.
/ The Commerce Department an
nounced today that estimated
sales of retail stores in the United
| States in June were $l5.7 billion
This was an increase Of Z PEI
cent from June. 1854, and q
per cent increase from May. 1855
In the first six months of this
( year there was an increase Of
per cent in sales from the cor
responding period Of 1854.
Lee P. Hart has been named
advertising manager of Trans
port Topics. the trucking indus
try's national weekly newspaper
The appointment was announced
today by Ray G. Anterior, gen.
eral manager Of the American
Trucking Association. Mr.. Hart
since 1850 an assistant editor Of
the publication. succeeds Stuart
r. M, Thomson, who died
July 20.
! A native Washingtonian, Mr.
Hart started newspaper work In
1919. He was educated at Cen.
trail High School in Washing tor
and st. Joseph's College in Bal
timore. After service in Worlc
War he attended Georgetown
University Law School but quit
in 1920 to play professional base.
ball. The next year he returned
to newspaper work.
Cost Accountants Name
Associate Directors
! James J. Molinelli. president O,
the National Association of Cos
! Accountants, announced TODAY
! the appointment of the followinl
associate directors: For employ.
ment, Benjamin Kipnis of The
Allan Employment Agency
Meetings, Edward G. Putnal
Barber IL Ross Co. Member at.
tendance. Beulah P. Brewer. Al.
word and Alvord: Harold B
Barnett, Post ONCE Department
and Paula M. Barkstedt, Nationa
Highway Users. Publicity, Cliff.
ton c. Garvin. Safeway Stores
Inc, and Ellsworth r. Moreland
Peoples Drug Stores, Inc.
Alvin j. Steinberg. president
OF Capital Credit Corp. anc
Potomac Credit Bureau, has ap.
pointed the Irving Abramsor
Agency to handle his company's
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12
ODD-LOT DEALINGS

NEW YORK, Aug. IL LPN.-The New
York Stock Exchange reported today
these odd lot transactions by principal
purchases Of iss, 9os Shares res sale sales OF
1888 shares including 1,502 shares
sold short
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12

advanced from $14, 625 900 in tn
week ending July 81, to $18,500,
600 in the week ending August
Increased activity by Washing
ton banks was indicated by in,
creased debts to demand deposit
accounts as reported by the Fed
eral Reserve Bank of Richmond
The total for the Washington
banks for June was 81 ,429 ,062, O0t
against $1,2o8,851. 900 for June
1854. In the first six month!
of this year the total was ST..
996, $4,000 against $6,924.942,.
900 in the comparable perioc
of 1854.
Business I'm Area
In Buoyant State
The Richmond Reserve Banl
reported that the halfway mari
of 1855 found business in the
banks area "in a bouyant state.
Business failure figures, which
have been declining. are neat re.
Electors of improvement the
banks monthly review said
While there has been no SHARP
expansion of nonagricultural EN-.
ployment in the district, hours
of labor have risen and man.
hours have gained. Agriculture
with its tenuous price structure
was the only major segment oil
the Fifth District economy tt
come up on the minus side ano
raise doubts about its economic
health.
Interestingly. cigarette pro.
duction in the first five month.
of 1855 was 3.4 per cent higher
than in the same months Of
1854. :"
The review reported that fur
niture sales in the District Of
Columbia for June were 10 pei
cent above June, 1854. For The
first six months of the year thu
sales were Is per cent above the
1854 period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-12
Bank Looms Here Decline:
Rise in Richmond District

Loans to business by the IL
banks here which are members
Of the Federal Reserve Bank of
Richmond declined slightly in
the week ending August 3 from
the record high figure of the
previous week.
In the Richmond district as a
whole, however, the loans to
business went up again. In the
week ending August 3, these
commercial, industrial and agri-
cultural loans advanced $3,269,-
600 to level of $742.O28 900.
The upturn, the second in a
row, brought total business loans
STAG. 539, 900, or almost 20 per
cent, above the level on the COM
parable date of 1854.
Figures for the Washington
area banks for last week and the
week before, follow: