davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-10-12

| places on the exchange. Up to
date, the Commission reports,
there has been no evidence Of
attempts to manipulate or RIG
the market in any way.
The Treasury Department,
while 1t does not deal directly
with the operations Of the stock
Exchange, can affect the flnan-
cial situation, credit and money
Through the way 1t handles the
Government debt. The Treasury
lis also vigilant today In its
watch on the country's economy
and the stock market.
The Council Of Economic Adj
visers covers the whole field and
lis ready at all times to advise
the President and the other
agencies on policies and action.
The Department Of Commerce
also keeps close tabs on business
Operations In order to be able TO
provide necessary information.
Fear Of o debacle. such as
struck the Stock Exchange in
I1o29, when the great depression
Igot under way. 10 not found any
where. because Of the vast Diff
ference In conditions then and
now. In those days. the Secu-
Irities and Exchange Commission
did not exist. Also. stocks were
bought on margins as low as 5
or 10 per cent. Further. the Ma
ltion's economy is far sounder to-
day.
| Chairman Burns OF the Council
of Economic Advisers gave In his
New York address elements Of
strength in the current situation.
In the first place. he said. "our
recent expansion has been
achieved predominantly through
the activities Of private citizens,
not by extensive spending pro-
grams Of the Federal Govern
ment." He pointed out that be-
tween the second quarter Of 1853
and the third quarter Of 1855 the
annual rate Of Federal spending
on goods and services decreased
by over SIS billion, while SPEND
ing by the rest Of the economic
community increased by $37
billion. He said. too, that the
Nations expanding income is
being shared widely among the
people, another pillar Of current
prosperity.
"Still another factor Of
strength" he continued. "is that
except for the agricultural COM
modities which have piled up in
Government warehouses, inven-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-10-12
Greek Election
ISet for April, 1856

ATHENS. oct. IL @.-
Premier Constantine Karaman-
lis said today the next regular
Greek general election will be
held IN April, 1856.
In the November, 1852, cleo
ton the coalition Greek rally
party formed by the late Field
Marshal Alexander Papagos
scored an overwhelming victory.
There has been considerable
speculation that Gen. Papagos'
death October 4 would result in
the dissolution Of his party.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-10-12
Peace Bill Voted

TAIPEI, Formosa. Oct. IL Up
Nationalist China's parliament
yesterday passed the second and
third readings Of a bill to end
the state Of war between this
country and Germany. The vote
was unanimous. The Nationalist
move presaged efforts to estab-
Ilish diplomatic relations with
West Germany.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-10-12

excessive use Of credit. With the
stock prices almost constantly on
the rise, the board raised the
margin requirement from SO per
cent ct the first Of the year to
so per cent, and later. in the
spring, to 70 per cent. These In
creases In margins put o check
on credit. However. with the
country bullying with money
seeking an outlet, and with busi-
ness and employment and pro-
duction on the rise. stock market
prices continued up.
The Federal Reserve Board is
watching the market closely.
Even more closely it is cycling the
country's economy. There has
ben no indication it intends to
increase the margin require
ments. Seventy per cent Is q rel
atively high margin. It Is re-
called. however, that the margin
requirements were fixed at 100
per cent right after the close Of
World War II. and remained
there something less than q year
The other agency which deals
directly with the market Is the
Securities and Exchange Com
mission. This is largely q polic-
ing action. The commission has
nothing to do with margins OF
prices or credit. But 1t sees t.
it that the exchange and the
brokers violate none Of the laws
and regulations governing them
And today 1t is on the job In q
big way. It has q division In
New York with Q 25-membel
staff from which the Commits
sion yesterday began receiving
hourly reports Of stock transac-
tons and price fluctuations
Usually it receives reports twice
a day.
The Commission also keeps &C.
count Of where the trading
comes from. whether pools ex.
list; whether there Is any attempt
at manipulation OF the market
and whether there are short
sales. Strict laws exist against
manipulation Of the market and
violations are punishable by i'm
prisonment UP to i've years.
Fixed Rules
Also. the Commission has es-
tablished rules Of its own. which
have the effect Of law. One OF
them prohibits short sales ON q
falling market, and permits
them only on q rising market,
Brokers who violate this rule can
be punished and relieved of their
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-10-12
Eisenhower's Team Put
On Alert by Stock Dips

termination to take some OF their
gains.
4. President Eisenhower S
heart attack. announced Septem-
Der %, was the immediate factor
in the market break.
5. The country has had great
confidence in Mr.. Eisenhower
and his policies. followed by tre-
Imendous strides by business.
Fear that the President would be
unable to continue at the helm
and that policies might be
changed. sent many investors
scurrying to the market to sell.
In every instance. these gov
eminent agencies stressed the
strength of the country's econ
|omy. Arthur F. Burns, chairman
of the Council of Economic Adj
visers, in an address last week to
the Chamber of Commerce of
New York, suggested that the
most comprehensive measure of
economic activity is gross ma
tional product. That is the dol
lar value Of nations. total output
of commodities and services. In
the first quarter Of 1854. national
product was at an annual rate
Of 1888 billion: a year later the
rate was $685. billion and at pres
ent 1t is $500 billion. It may. he
said go to $500 billion or more.
Employment Up
Another measure of economic
activity is employment. This has
now gone to an all-time high of
64.5 million. Between Septem-
Der, 1854, and September, 1855,
lcivilian employment increased by
over 2.5 million.
Business activity is usually
reflected in the stock market.
The great steps. therefore, taken
by productive business and en-
,ployment were accompanied by
activity on the stock market
which finally brought peak on
September %. shown by the Dow
Jones Index at 487.45. This index
dropped to 44l.l4 last Monday,
with rallies, followed by further
losses. in the interval.
Another way to look at the
situation is to regard the total
value Of listed stocks and to esti-
mate the loss in values, reflected
by the drop in stock market
prices In the last two-and-a half
weeks. The increase Of the total
market value in 1855 is estimated
at $3l billion. The loss up toI
yesterday due to the stock mar
ket break. is figured at SIT billion
which leaves the total stock
values-at market prices-still
$14 billion above where they
started this year.
These are huge figures. To
better understand them. 1t should
be remembered that 3.5 billion
shares Of stock are listed on the
stock exchange. Also, outside Of
institutional owners there are
8.5 million individuals who own
these stocks. The value Of all
common stocks listed on the ma
tional securities exchanges at the
end Of 1854 was $3.50 billion, and
1t was 1874 billion during the
1855 proxy season.
Two Agencies Cited
Two agencies of the Govern
ment impinge directly on the &C
tivities Of the stock market. The
first Is the Federal Reserve
Board. which by law has the
power to fix margin requirements
flor the purchase Of stocks. The
board also regulates the money
supply, and acts to prevent the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-10-12
By GOULD LINCOLN

Downward swoops Of the Stock
Market on three successive Mon
days. followed yesterday by fur
tier declines, have put the
Eisenhower team on the alert.
This is not because of any
belief that q serious depression
is in the offing. That, in the
opinion Of the experts, is out of
the picture for the present. due
to the extremely strong economic
position Of the country.
But agencies of the Govern
ment whose duty 1t is to watch
stock exchange trends as well as
the general economy do not in
tend TO be caught mapping by any
market development. Principal
among these are the Treasury
Department, the Federal Reserve
Board, the Securities and Ex-
change Commission, the Presi-
dents Council Of Economic Adj
visers and the Department of
Commerce.
Findings Listed
Inquiry of these agencies de-
velops the following:
/. There Is no evidence Of
manipulation Of the market. or
rigging or pools.
2. The drop in stock prices
does not reflect the strength Of
the economy Of the United States.
which is at its highest level In
history.
8. An underlying reason for
the break in the market was a
realization by investors that the
market had reached great
heights and their consequent de-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-10-12

Iernment must pursue monetary,
fiscal and housekeeping policies
with skill and circumspection.
meaning that we must be alert
to changes In economic condi-
tons and be ready to adapt
policies to them.
1.-THE best way to fight q re-
Icession." he insisted, sis to pre-
vent it from occurring in the
first place. That principal has OF
late ruled, and it must continue
to rule, our governmental poll
Icies."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-10-12

son, 1t. A. j. LATTER, 1t. Robert
u. Pursley, Capt. Thomas o.
Mitchell and 1t. Kenneth r.
Wilson.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-10-12
Two Agencies Cited

Two agencies of the Govern
ment impinge directly on the &C
tivities Of the stock market. The
first Is the Federal Reserve
Board. which by law has the
power to Ak margin requirements
flor the purchase of stocks. The
board also regulates the money
supply. and acts to prevent the
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18
SOUTH S0LON
BY MRS. RUTH DlFFENDAL
Phone 3271

Mr.. and Mrs. Harry (Jake) Rit-
tenhouse announce the birth of a
son, Harry Leslie, March 10th.
Mr.. and Mrs. Richard KniSley
announce the birth of a daughter,
Tamara 10, March 10th.
Mr.. and Mrs. Robert Devoe and
family have moved on farm near
Bowersville.
Mrs. Douglas Allredge and Lisa
of Jacksonville spent a week visit
ing with Mr.. and Mrs. Raymond
O'Brien.
Honoring the 57th wedding an
niversary of Mr.. and Mrs. Henry
Knisley, family dinner was held
in their home March 3rd.
The Minute Maids met on Thurs
day evening in the community
building with Mrs. Marion Knis-
ley and Mrs. Donald Mace hostess
es. Those present were: Mrs. Roy
Long, Mrs. Oryln Harperee, guests,
and the following members, Mrs.
Howard Murry, Mrs. Hiram Rie-
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18

gel, Mrs. Conrad Butcher, Mrs.
Paul Daugherty, Mrs. Robert Ban
ion, Mrs. Roger German, Mrs. Rob-
ert Daniels, Mrs. Roger Bennett,
Mrs. Gary Saunders, Mrs. Bruce
Baughn, Mrs. Keith Rowand, Mrs.
Donald Marsh and Mrs. Hugh AL
derson.
Guests on Wednesday evening of
Mr.. and Mrs. Howard Murry were
Rev. and Mrs. z. S. Thompson Of
Spring Valley.
Darrell Porter, son of MIR. and
Mrs. Dana Porter, is reported on
the sick list.
Sunday guests of Mr. and Mrs.
Paul Hyer and Phillip were: Mr..
and Mrs. Mel Vanover and family,
Mr.. and Mrs. Joe Allen and family,
Mrs. Mary Allen and Lois and
Elijah Allen, all Of Dayton.
Mr.. and Mrs. John E. Diffendal
and Linda spent Sunday with Mr..
and Mrs. OTIS Wagner and family
at Greenfield.
Mr.. and Mrs. Hugh Anderson and
family spent Sunday with Mrs.
Margaret Anderson in Springfield.
Apples baked in aluminium foil
hold their shape; and the peel
becomes tender and retains much
of its natural color.
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18
sPoRTsMANshlP

FORT WORTH, Tex. LPb-There
are certain rules and regulations
for Texas State Prison basketbalf
teams, including this one insPara-
graph II:
Escape, major infraction Of pffs
son rules or riotous and unsports@
manlike conduct by member OF
any team !. shall disqualify that
team from further play during the
season" ~
Liberty is the only thing you
cannot have unless you are. Will
ing TO give it to others.
William Allen White
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18
CARD or THANKS :

CARD OF THANKS
Please accept our deepest appre-
citation for the many expressions of
sympathy and beautiful floral trib-
utes received at the time Of the
passing Of our beloved husband and
brother. Jacob G. Rhoades. To Rev.
Shenefelt for his consoling words
and The Lukens Funeral Home for
their kind services.
Mrs. Iva t. Rhoades
Mrs. Blanche Chenoweth
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18
NOTICE TO CONTRACTORS
STATE OF OHIO

w
Columbus, Ohio, March 4, 1865
Contract Sales Legal Copy No. 55-106
UNIT PRICE CONTRACT
Sealed proposals will be received
at the office of the State Highway
Director of Ohio at Columbus, Ohio
until 1000 AM. Ohio EASTERN
Standard Time. Tuesday, March 20,
County, Ohio, on Section MAD-l87-
1.79, state Route No. 1877 in Somer-
ford Township, by grading, draining
and paving with asphaltic concrete
on crushed aggregate base.
Width: Pavement 20 feet, Road
way 32 feet.
Length: $4,000 feet, or 0.12S mile.
The date set for completion of
this work shall be as set forth in
the bidding proposal"
The minimum wage to be paid to
all labor employed on this contract
shall be in accordance with the
Schedule of Prevailing Hourly
Wage Rates Ascertained and Deter
mined by the Department of Indus
trial Relations applicable TO State
Highway Department improvements
U7-3D. 4l15.04 U7-4), 4115.05 (17-4al
411j.06 G7-5). and 41I5.07 G7-5a) of
the Revised Code of Ohio"
The bidder must submit with his
bid a certified check i'm the amount
Of S1,100.00.
Plans and specifications are on
file in the department Of highways
and the office of the division deputy
director.
The director reserves the right to
reject any and all bids.
S. O. IINZELL
State Highway Director
March 10 II II IS
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18

A piece of dampened cotton will
pick up tiny fragments of broken
glass.
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18
Business Services

BUSHONG-water well contractors.
Phones Plain City 3-4221 or 3-l252
or Resaca 7-2603 Commercial and
residential. All work guaranteed.
35-54
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18
Special Notices "a

BAKE SALE AND MARKET, sat,
March 26, $3.50 am. Super Market,
corner Main and Center, West
jefferson, Miss Maybelle keyser,
chairman for w est jefferson
WCTU. 34-22
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18

To remove mildew spots from
white cottons and linens wash in
hot suds, moisten with lemon
juice and salt, then dry in sun.
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18

ROOMS or can arrange
light housekeeping. Phone West
Jefferson S-S340 or S-8743.
42-22
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18
It's got everybody excited and w

Most people prize good looks in a car. The 1855
Chrysler has it! Fashion people call it tailored
steep'-smart and different. 1t almost looks
like it's going when it's standing still
This, they tell us, is the new fashion in styling.
We say hurrahl As for performance well,
double your enjoyment back if you don't think
it's the best car you ever droue. Do it soon!
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18

Forgive us If we burst with pride bat aCe're
got terrific car here, and Ue Dant the whole
World TO know iH
It's the new Chrysler and the people who've
been coming to see it and drive it are just as
smitten with it as we are. It's the smartest,
sleekest machine that ever appeared in an
automobile showroom-and you should see ia
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18
Miscellaneous

FIRST QUALITY VENETIAN blinds
Standard stock sizes now $3.45
Washab BILE window shades. Use.
Drapery rods S1.9S. Nursery chair
$595, High chair $3.50, Cosco stool
1896 Pearl-wick hamper $3.50,
Automatic toaster 1895, Automa-
tic iron S4.95. London Appliance
Co, Winchester Bldg. 31-22
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18
Wanted To Buy 28

HIGHEST MARKET PRICE paid for
Poultry Call Robert Rhodes, So.
Charleston Phone S-S291.
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18
Baby SitterS

WILL CARE FOR CHILDREN in my
home while r<other works: any
ages, any hours. Mrs. Davis, West
jefferson S-SS64. 3S-22
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18
CLASSIFIED ADVERTISING
Gard or TUANKS

| wish to express my thanks for
cards sent me during my illness. AL
so appreciated visits from neighbors
and friends.
Palmer Snyder
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18

FUNDS
Total Of All Funds
Balance, Jan. /, 19
s4glerk's) .......--............... 3.268.S7
Receipts During Year .... 17235.04
Total Receipts & Balance - 20.503.91
Payments During Year -.... 13,916.12
Balance December 81, 19--
(Clerk's) ......................-.... 6,557.79
Outstanding Warrants,
Dec. 81. I9-- (Add) - 1,25S.S1
BaIance in Depository,
December 81, 19- sS 7,Sf6.60
OUTSTANDING DEBT
Fire Protection.
Fire protection note on fire
truck .........-.---.......-....S 2.575.00
Total Township Debt -S 2,575.00
Madison County Democrat. (London, Ohio) 19??-1958, 1955-03-18

A good way to stop chrome
chairs from marking your limo
leum is to apply strips of adhe-
sive tape to the bottom of the
chair legs.
Evening star., 1955-09-05
g. O. P. RuIIy
lin Arlington

Arlington Republicans will
kick OF their fall election cam
paign with the opening of a
headquarters at 3134 North
Tenth street at 8 pm. Tuesday.
Representative Broyhill. Re-
publican Of Virginia, will attend
the ceremony at the Offices
which served as his own cam
paign headquarters last year.
"a. o. p. candidates also will be
present to outline platforms on
which they seek election No.
vember 8.
One candidate, Rear Admiral
Warren S. Parr, USN, retired,
who Is running for the State
Senate, now is a patient at the
Naval Hospital.
Other Republican candidates
|are Treasurer Colin C. Mac
Pherson, seeking reelection; J.
Fuller Groom and Charles O.
Pratt for the House of Dele
gates; c. Wynne Tolbert, COM
|monwealth's attorney, and DR.,
John A. Tillema, county judge
The headquarters will be open
eight hours daily until later In
the campaign when longer hours
are scheduled,
Evening star., 1955-09-05
Man Found Dead
lin Grill Basement

A dead man was found today
in the water-logged basement o1
Ia District restaurant.
The coroner's Office and homi-
eide squad detectives launched
an investigation but the police
said the man apparently
drowned.
The body was discovered face
down in z inches Of water in the
basement Of the Arcade Grill,
1908 Georgia avenue NV, ac-
cording to police.
The victim was identified as
Henry Parks, 43. colored, of nc
fixed address.
Detectives said he had been
sleeping o nthree planks, nailed
together, which rested on some
sewer pipes running through
the basement. His makeshift
bed was 10 inches above floor
level. The police surmised he
rolled of the planks into the
7-inch-deep pool Of water.
Evening star., 1955-09-05
ChiefMurroyNotes
18th Anniversary
OF Police Service

Washington Police Chief Rob.
Iert V. Murray observed his 25th
anniversary on the Metropolitan
Police Department yesterday.
The chief. now so, came to
Washington at the age Of Is
with the idea Of becoming a
fireman. But, with no openings
at the Fire Department, he took
IA job as a policeman. He made
the top position in 1851.
Yesterday at his home, 1925
Tuckerman street NV, his wife
and daughter. Rose Marie, 16,
and their black cocker spaniel
watched as the chief sliced into
10 surprise anniversary cake.
He had forgotten September
3 was his 25th anniversary on
the force and was painting his
garage when Mrs. Murray called
him inside.
Chief Murray holds 119 COM
mendations. including the Gold
Medal for Valor. Most of them
he won while serving 10 years
with the Detective Bureau.
Evening star., 1955-09-05
~ the Associated Press

A former Virginia Congress
man b helping Congress In its
role As Watchdog Of the Atomic
Energy Commission.
william c. Wamplsr. defeated
last year for reelection from
the 9th district, has been serving
since January as special assistant
to the general manager Of the
commission.
William C. Wampler, defeated
last year for reelection from the
9Th district. has been serving
since January as special assistant
10 the general manager Of the
commission.
The commission, perhaps more
than any other agency, must
keep Congress informed Of its
activities.
Congress, in its work as
watchdog Of the commission. is
kept informed Of the more i'm
portant day-to-day operations
and Of policies" Mr.. Wampler
said in an interview.
That's where my job comes
in-co-ordinating the informa-
ton, arranging for hearings be-
fore the Joint Atomci Energy
Committee and contracting Con-
gressmen." he added.
Mr.. Wampler said he spends
Evening star., 1955-09-05
Contracts LET
For S176,571

Contracts totaling $176,571 for
construction Of water and sewer
mains and house connections
were awarded TO low bidders last
week BY the Washington Sub
urban Sanitary Commission.
They were:
For water and sewer mains
and house connections to serve
the northern area Of Berwyn
Heights, Prince Georges County.
to Canova Brothers. Inc, College
Park, on q bid Of $l32,012.
For water and sewer mains
and house connections to serve
lis properties on various streets
In Rock Greek Forest, Montgom-
cry County, to Canova Brothers,
Inc, on Q low bid Of $33, $50.
For water and sewer mains
and house connections to serve
13 properties on Lyons and Keith
streets, and Kenton place, Hill
crest Heights, Prince Georges
County. to James Parreco & Son,
Washington. on a bid of $4,786,
For water mains and house
connections to serve seven prop
cries on Old Gunpowder road,
Beltsville. Prince Georges County
to r. l.. McKeever, jr., Silver
Spring, on a low bid of $3,723.
For water and sewer mains
and house connections to serve
six properties on Sheridan street,
Riggs Manor, Prince Georges
County, to r. L. McKeever, jr.,
on a bid Of $2,391.
Evening star., 1955-09-05
Maryland Probes
Death of Airmun
In CentreviIle Fire

CENTREVILLE, Md, Sept.
| ItR.-State police were still tax
ing initial statements" yester-
day in their investigation Of the
death of an airman stationed at
the Dover Del) Air Force Base
| Duane s. Pulver, 26. Of Rhine
lander. Wis, was burned tc
death early Saturday in a fire
that destroyed the home Of Mr.
and Mrs. Frank Coursey al
lTempleville. on the Maryland
Eastern Shore.
Pulver had been an overnight
guest in the Coursey home. The
Courseys were under questioning
for an extended period Saturday
but were released after giving 9
statment.
State police Corpl. c. A. Kirk.
lpatrick said he had spent most
of the day at the Air Force Base
and that the investigation wa,
still in the stage where I'VE arr
taking initial statements"
Its the normal thing with {
death nobody saw" Corpl. Kirk.
patrick said.
Mr.. Coursey told police h,
awoke about / am. to find the
house filled with smoke. H,
said he and his wife managed t.
Iget out. but were unable to saw
Pulver. The CourSey's four.
room frame bungalow was de-
lStroyed.