davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-06
College News
Columbia Honors Area Youth
For Work on Student Paper

Newton Frohlich, of 2616
Spencer road. Chevy Chase. Md.
has been awarded q Kings
Crown. Columbia Colleges high
est recognition for extra-cur-
ricular activities.
Mr.. Frohlich, a Junior at the
undergraduate school Of Column
bia University, received the sill
yer award for his work on the
student newspaper Spectator"
A graduate of Montgomery
Blair High School. Mr.. Frohlich
is the son of Mr.. and Mrs.
william Frohlich.
Greta Ann Greenwood, daugh-
ter of Mr.. and Mrs. Maurice
Greenwood. of 1904 Thirty
seventh street NV, will receive
q fine arts degree from the Uni
versity of Ohio in June. Miss
Greenwood is a member OF an
art honorary society at the uni
versity.
Eleanor Dorothy O'Hara, II,
Of 5104 Klingle street NV. has
been awarded the Mother Mary
Raphael four-year scholarship
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-06

at st. Mary-of -the-Woods Col
lege in Terre Haute. Ind.
Miss O'Hara. daughter of MFR.
and Mrs. Robert E. O'Hara, is
q senior at Immaculate Semi
nary. She is editor of the school
newspaper. president of the De-
bate Club and the Quill and
Scroll Club, and vice president
of the National Honor Society.
y Il r 4
Roy c. Herndon, of 7109 Geor-
gia avenue NV, has been
elected to Phi Beta Kappa at
Washington and Lee University
Lexington, Va. Mr.. Herndon Is
0 senior and has served as man
ager Of the ROTC rife team.
+ Il II Il
John K. Aurell, Of 4423 Daven-
port street NV. has been named
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-06

scientific society. at Brown uni
versity.
+ 4
Eugene A. Fitzgerald. Of 252a
Southern avenue Sc. has been
selected as distinguished mill
tary student" at the University
of Pennsylvania. Mr.. Fitzgerald
is a senior in the School of Civil
Engineering.
+ \ + -
Marjorie Mahoney of $500
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-06
Divided by so Miles

COLON.-The Atlantic and
Pacific Oceans are only about so
miles apart at the two channel
entrances of the Panama Canal.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-06

Chevy Chase parkway NV. has
been elected to Phi Beta Kappa.
national honor society. at Miami
University, Oxford, Ohio.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-04-06

Marjorie Mahoney of $500
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1955-11-10

on Teaching spelling on the
second grade level. Lunch
was served in The cafeteria.
Those present were warm In
their praise of our library.
On Saturday the 10Th Mr..
Joseph Brule and Mr.. Richard
Slagle went TO Kent TO attend
the Kent State Miami football
game and visit Sally Slagle and
Joseph Br1le Jr. who are at
tending college there.
Mr.. Celeste Jones, t.rird grade
teacher has returned to her
work after an illness of more
than a week during which time
Mrs. Fenwick of Claridon and
Mrs. Vanek of Burton substitu-
ted for her.
Mr.. and Mrs. Ward Davies
were In Warrne on Sunday the
30th where they visited Mr..
and Mrs. Earl Holmes and in
Niles calling ON Mr.. and Mrs.
Robert Holmes. On Wednesday
evening the Davies entertained
Mrs. Clarice Magill, secretary
to DR.. Rose of Chardon. Mrs.
Magill has previously lived for
some time in New Zealand and
had many interesting incidents
to relate.
Miss Sally Slagle accomapn-
led by two college frie n d S
from Kent spent the weekend
at her home here.
Sgt. William FiShel visited his
sister, Mrs. Richard lagle and
his father, Charles Fishel re
Gently. Sgt. Fishel came from
Corpus Cristi and returned ther
before proceeding to Japan. He
will be but three miles from
a brother in Japan.
Mr.. and Mrs. Poindexter who
have been occupying the Kile
apartment for some time have
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1955-11-10

Brond-new i6co in insurance! The new
Homeowners Policy Of the North America
Companies protects you against loss caused
by fire, theft, lightning, wind, explosion,
hail, riot, vehicle and aircraft damage, van
dalism and smoke
1t covers your house and other structures
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personal property -. your personal liability
=. and your additional living expenses
caused by any of the above perils.
Think of it,! All your essential home insur
ance in single, convenient, money saving
policy developed by the nations oldest and
largest stock fire and marine insurance com
pany, the Insurance Company of North
America. And you get all this protection for
a single, low premium - which is at least
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1955-11-10

returned to their home in Mas
sillon.
Mrs. Grace Kibler now of
Panesville spent the past week
with her daughter, Mrs. Luel-
la zemenyei.
The Chardon VIC. enter
tanned the ladies of the E a t
Claridon society on Thursday
evening last. Those present
from here were, Mrs. Eta
Jameson Mrs. Lora Evans.
Mrs. Luella zemenyei, Mrs.
Alice Gotham, Mrs. Kaplan, Mrs
Tena Maltbie Mrs. Gerre Ad-
ans, Mrs. Grace Kibler, and
Mrs Nellie Adams. Following
their business session. Mr.. Earl
Eggleston showed pictures of
Korea and Japan taken by Rob-
ert Phillips when he was in
the service. Refreshments were
then served and a social time
conducted by Mrs. Lee.
On Sunday evening, the 30th
the Huntsburg United, t h e
Ciaridon Congregational and the
East Claridon Methodist chur-
ches united in a service at the
East Claridon church CONNIE.
morating the Reformation. The
meeting was in charge of four
pastor, Mr.. Carl Johnson, Rev
Mr.. Grove of the Congregation
al church gave a very good talk
about the Reformation. T h e
Junior and Senior choirS unit
ed in providing music.
The P.T.A. will hold it's reg
ular. session on Tuesday eve
ming, Nov. Is. There will be
open house, and Mrs. Och
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1955-11-10

at the church on Wednesday
afternoon, Nov. 16 with Mrs.
Grace Antene and Mrs. Irene
Ohtola hosteSseS. .
On Friday last the second
grade teachers of the County
met at the school here twenty
seven teachers, supt. Schofield
of Chardon, Mrs. Urpi, asst
supt. of Burton and the speak
erS were present. Mrs. Urpi was
was IN charge of the meeting
Mr.. Glenn Smith of Lyndhurst,
representing the Silver Bur
dette publishers, spoke on
Teaching arithmetic ON tn e
second grade level. Miss Ev-
elyn Smith of New Milford
representing the Lyons Car
nahan Publish h ers, spoke
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1955-11-10
ORDINANCE NO. 280

AN ORDINANCE TO A
MEND and supplement Ordin-
ance No. 235, Section 3.
BE TT ORDAINED by the
Council of the Village of Char
don, Ohio, as follows:
That so much of Section 8,
Ordinance No. 235, as reads
one-half (1a) from the General
Fund and one-half (12) from
the Water Fund, effective the
1st day of January, 1858.
shall be, and hereby is, a
mended to read as follows:
one-half (1a) from the Gen
eral Fund and one-fourth .(Al
from the Water Fund and one
fourth (A) from the Sew e r
Fund, effective THE LIST day of
January, 1856.
Passed and adopted this 3rd
day of November, 1855.
Vain Parsons
President of Council
Attest:
Jennie G. Davidson
Village Clerk
Approved:
D. c. Muchmore
Mayor 2c46
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1955-11-10
News from East Claridcn

ond, Jimmy Little, Third. Sher-
ry Stevens; fourth, Colin Brown
fifth, Carl Schmidt sixth, Da-
vic Bell; Seventh, Kristin Nc
Kinley; eighth. Douglas Tre-
terra.
Mr.. and Mrs. Wayne Reed
have returned from their honey
moon trip and are now located
in Mlddlefield.
Mr.. and Mrs. Harvey McGurer
of Kile Road, Clarldon were
guests of Mr.. and Mrs. Joe Val
voda on Thursday of last week.
The W.S.C.S. Tea will meet
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1955-11-10

News by Nellie C.. Adams
Telephone E. CIaridon 6-6289
Patty Slagle rtained a
Halloween party at her home
on Saturday, the 29th. S e v n
teen guests were present and a
delightful afternoon was spent
by Patty's young friends. Mrs.
Coll assisted Mrs. Slagle in
serving the. refreshments.
Prizes for the best costumes
at the school Halloween party
went TO the following first
grade, Teddy McWayne; sec
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1955-11-10
MEN IN SERVICE

Richard B. Boldn son of
Mr.. and Mrs. Bruce B. Bolden
Of Route 2 Butternut rd. Ches-
ter, Is scheduled to complete
recruit training Nov. 2 at the
Marine Corps Recruit Depot
here. .Ea
The ten-week course covers
military drill, first aid, person
al hygiene, Marine Corps his
tory, and defense against chem.
ical and atomes attacks.
The final three weeks are
spent on the rifle range where
the new Marines fire the MI
rifle for qualification.
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1955-11-10
NOTICE OF APPOINTMENT

Estate of WALTER SLUZ T.
ENSKI, Deceased.
Notice is hereby given that
ON the 29th day of October,
1855 Theresa L .Blaszczak Berk
shire Hills Dr., Willoughby, Oh
10 was duly appointed and quail
flied as Administrative of the
estate of WALTER SLUZEN-
SKI, deceased late of Park
man Township, Geauga County,
Ohio.
Creditors should present their
claims TO said Administrative
within four months from said
date.
ROBERT B. FORD
Probate Judge Scat
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1955-11-10

lfchlaeer of Newbury will
speak ON the P.T.A. and what
1t is. Mrs. Emma McWayne
and Mrs. Dorothy wope win
be the hosteSses.
Mr.. Jack lagle and family of
guests of his brother Richard
Slagel and family.
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1955-11-10

2O%o lower, in fact, than what you'd have
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Why wait? Stop buying your insurance
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Stop cluttcring up your desk with a sep
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See your North America Agent or Broker!
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annual plan SO you can budget the cost
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facts today on this money-saving policy!
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-29
DIVIDENDS

NEW YORK, Aug. 20 R1.-Dividends
announced.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-29
CHICAGO GRAIN

CHICAGO. Aug. 20 R.-A forecast
Iof scattered showers IA most 81 m
midwest prompted some hasty selline n,
corn and soy beans, the two dry weather
'ay IA es;,S On me board Of trade today.
sank couple Of cents at one time. They
showed no important raliying capacity.
otner cereals followed the lead Of corn
iand soybeans. heading downward at Q
wheat near the end of the FIRST hour
was 70 70 a lower, September 81 .9iSa
! corn V 70 Ia lower. September 81 ~
I esss u me q E. to lower, September
1854; soybeans Ia to 2K lower. Sep.
TENDER So %, and lard ynehanRed to 20
cents z hundred pounds lower. Sep
For b as 9ss Rs a saa ans
the weekend: That might have created
10 demand for those grains If 1t had
tered showers were A s1pected ether ct 70.
day, tpnight or tomorrow in most Mid
The general feeling Of the trade wa.
difference as far Is corn was concerned
what damage the dry weather may
have caused could not now be corrected
proved considerably by moisture at This
time.
Cash corn receipts Of 576 cars had
r. depressing lnnuenCe on the Septem-
Der future. However. $50 Of the ears
belonged to the Commodity Credit Corp
Great Britain bought some corn and
the European continent took a tittle
corn and soybeans
There was nothing new in the whea;
picture Prospects Of exports to Russia
lappeared extremely remote in view Of
several informed statements late last
week that Russia does not need Ameri-
can wheat. Grainmen said most CT the
spring wheat crop will be Of IA per cen,
protein or higher
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-29
.CHICAGOLWESTOCK

CHICAGO, Aug. 90 " (UsDA).- Sal
mostly % lower. weights under 220 ID
lishter closed slow. fully so lower. trade
moderately active early. but closed dull;
sows steady 70 % lower decline on
weishts under 400 ID; most mixed Y. 8.
l6,25-18, so; one lot "a head no / and
2s 2l5 ID and 81 head lot mostly no
"a 40 @36 y * 1879; o6 bulk NO ! to 3s 49, ~
b l4o6-i5 90; few sso-siS % Id is,boo
1890: sews around, 400 Id and lighter
1875 1928; few choice under 800 ID
i y 90: l5 5 most 4oo-6Qo u l3oGg-
and heavier down to around 1900.
Salable cattle $4,000; SaIable calves
400 siaughter steers slow, mostly steady
a TO K ,o S66 ;. instances ices, 90 lower on
70 70 lower, some bids 30 lower; cows
SLOW steady 70 20 lower, but bulk of
yeSssS isi5ly s aesiys steady fey loads
bulk choice and prime steers 1900
23,50; good TO low choice 18.5O-2l rs;
few utility down 70 1900; load prime
;O26 ID fed heifers 1850; good to
mostly .12. so down: Gamers and cutter,
500. 1880, few HolStein cutters UP K
II 1.UU; utility and commercial bull
14.0Q-1b.50; few choice and prime veal.
ers $500; most good and choice 10 90.
24.00; culls down to 1000: stockeri
and feeders very slow. opened steady e
weak; load good 725 lib yearling feedini
salable sheep 1000; spring lamb.
weak to so lower than late last week
yearlings weak to rs lower, slaughter
to prime spring lambs is+O0-2l 80: cul
to low good l0.00-17.60; short decl
good and choice SS-lb yearlings carry.
Ing fall shorn pelts 1880, with around
sorted of at 1900; Gull to choice shorr
ewes salable 100000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-29
'SteeIs Lead Stock Rise;
Gains Ronge Up to 81

NEW YORK. Aug. 20 R.-
Steels continued their leader
ship Of last week as the stock
market went higher today.
Gains Of about o point were
scored although Q few fractional
losers spotted the list.
Trading was active and most
major divisions were on the up
trend In early trading, but as
the day progressed prices were
below their best.
Colorado Fuel & Iron, which
had jumped " on an opening
block of $500 shares. moved to
the downside in heavy trading
after the company declared its
usual dividend.
Standard OIL Of Indians
dropped around q point follow
ing the big IRE at its Whiting,
Ind, refinery over the week end.
Copper were spotty following
their rise Of last week, but rails
|recouped slightly In the wake of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-29
AMERICAN STOCK EXCHANGE


8 MOST Active ISSUES
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-29

their Indifferent performance the
latter part Of last week.
Reynolds Metals was UP around
6, Union Carbide. Bethlehem and
Wheeling Steel and Douglas AIR
craft around q point.
Other gamers included United
States Steel, Republic, Youngs-
town Sheet q Tube and Crucible
among steel shares.
Anaconda and Kennecott were
on slightly while American
Smelling and Phelps Dodge
leaned upward.
New York Central, Baltimore
& Ohio and Chesapeake & Ohio
were among the gamers.
Others on the upside were
Goodrich, Dow Chemical, Inter-
national Paper, Sinclair and
Commonwealth Edison.
Corporate bonds were higher
in quiet trading. Treasury issues
were OF In the over-the- counter
market.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-29
BUSINESS
BRIEFS
Electric Bond & Share Co. has

Electric Bond & Share Co. has
named Henry B. Sargent as a
director. He is president Of
American & Foreign Power Co.
and Ebesco International Corp.
Domestic Gas Range ship
ments In July totaled l49,S00
compared with 134.500 In July
last year.-Gas Appliance Manu-
facturers Association.
The Country Guide farm mag
azine has purchased the Ca
madam circulation Of tie Country
Gentleman, amounting to about
"a 900 copies. Country Gentle
man was recently bought by the
Farm Journal.
Archer Daniels Midland Co. In
year ended June 80 earned
S., 749,88 or $3.49 o share vs..
5,013.390 or $3.05 last year.
Carnation Co. in six months
ended June 80 earned IS, 662, $50
or $3.50 Q share vs.. $3,873. 662 or
$5.77 last year.
Chi. q Northwestern Rwy. In
seven months ended July 81 lost
81, SIS 89 VS.. loss Of $5.450.906
last year.
Chi. Milwaukee q st. p. q r.
in seven months ended July 81
earned $4.948,021 VS.. loss Of
So, 1855, 1874 last year.
Drilling & Exploration Co. in
six months ended June 30 earned
$390,517 or 21c a share VS..
$713,168 or 38c last year.
Emery Air Freight Corp. m 8
months ended June 80 earned
1923, 200 or sec a share W.. $685.
600 or 7c last year.
GOebel Brewing Co. IN 8
months ended June 80 earned
$3.50, 500 or SAC q share vs.. $685.
046 or 43c last year.
Greer Hydraulics, Inc. in 6
months ended June 80 lost $685.
957 VS.. earnings Of $138,025 or
ACC q share last year.
Jewel Tea Co. in 20 weeks
ended July Is earned $2,217,077
or $1.62 a share VS.. $1,990,878 or
$1.45 last year.
Kearney & Trecker Corp. in Q
months ended June 80 lost $685.
900 VS.. earnings Of $l,7i5,000 or
$2.16 a share last year.
Miami Copper in six months
ended June 80 earned 1851, 800
or $3.A9 a share VS.: $1,619,5S7 or
|$2.18 last year.
Minneapolis Moline Co. in
three months ended July 81
earned $405,67s or 40 cents q
share Tvs. $273,541 or is cents
last year.
National Can Corp. in six
months ended June 80 earned
$65,122 or 6 cents a share VS..
I$177,914 or 81 cents last year.
Pabst Brewing Co. in six
months ended June 80 earned
81 ,458.637 or IS cents a share
VS.. $2,121,S27 or 81 cents last
year.
Virginia Carolina Chemical In
year ended June 80 earned
| 50. 409,06 or $11.31 q share W..
I$3,618,l98 or SIC SO last year.
WiebOldt Stores, Inc, in 50
weeks ended July 80 earned
1857, 543 or $1.47 q share VS..
$732.416 or $2.09 last year.
Fer Seven Months Ended July 81
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-29
Floods Curb
Steel Output

CLEVELAND. Aug. 20 B.-
Two Of the steel products in
highest supply-structural sec
tons and plates-will be even
harder TO get as q result Of the
recent New England floods,
Steel. the Woodworking weekly,
reports.
The floods not only created q
need for more steel. but they also
reduced output of the metal in
the New England area at a time
when mills were striving to catch
up with the heavy demand, the
magazine said.
Structural sections and plates,
already in strong demand be-
cause Of the high rate Of con-
|struction, win be needed in the
flooded areas to replace bridges
and buildings destroyed by the
flood waters.
The magazine pointed out that
mills have only q limited amount
Of steel to a1lot to these two
products because other products
such as sheets and bars-also
are in strong demand.
ALLEGATIONS of steel are being
made by the mills 10 help all
their customers get enough OF
the metal to keep operating.
However, producers of nickel al
10y steel are having a difficult
time because they can't get
enough nickel for their needs.
The industry lost ground dur
ling the past week despite efforts
to keep production high, with
Nationwide ingot. output drop
ping one point to 90 per cent
lof rated capacity, steel" re-
ported.
The magazines price compos-
lites remained unchanged at
$l27.41 a net ton on finished
steel and SASS a gross ton on
tsteelmaking scrap.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-29
Price of Scotch
Raised in Britain

LONDON, Aug. 90 (R.-The
Scotch Whisky Association an
nounced today an increase in
the maximum retail price OF
Scotch Of one shilling tl4 cents)
q bottle in Britain.
The price goes up on Septem-
Der from IS shillings ($4.9O)
to So shillings f$5.04) for the
70 proof standard brands sold in
Britain.
Increased costs of production
were given as reasons for the
raise. The announcement did not
say If the increase would be
reflected in export Scotch prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-29

Hourly sales ON the Exchange
li.OO am 40 600 IL noon GAO 600
100 pm. lao 600 400 nm o 600 600
tUnit Of tradins 10 shares or sales n
Rates OF dividenos In the toregoing
table are annual disbursements based on
the last quarterly or semi-annuai dec;
laration Unless otherwise noted speeia,
or extra dividends are not included
Also extra or extras o Annual rate
pius stock dividend dDeciared OF paid
In 1868 plus stock dividend Paio last
value on ex-divideno " ex-distrinutiop
ate 9 Declared or paid 90 far this year
spit-up : Declared Of paid this year
an accumulative sue with dividends n
omitted, deferred OF &c action taken q
last Siyidsnd meeting DECLARED 9, FAC y
x-dis Tx distribution II Ex rtehts.
va When distributed. vi When issued
Elm bankruptcy or reeeiyership or hang
reorsanized under the Bankruptcy ct
or securities assumed hs such eompf pea.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-29

sales .....
stock and Add Net
Dividend Rate 90 High Low l:1S chg.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-29
NEW YORK PRODUCE

NEW YORK, Aug. 20 R9.--UsDA--
wholesale esq prices were unsettled TO
weak today. Wholesale selling prices
based on exchange and other volume
sales.l New York spot quotations fol-
low: Includes Midwestern: Mixed coiors:
Extras (4S-50 lbs) 1880; extras large
45-4S lbs) 45a-46: extras medium 40
AZ; standards large $3.50; dirties 27-3l;
cheeks. 1890. Whites: Extras (4s-50
lbs) 51-52: extras large (45-4S lhs) as
I99; extras medium 1914. Browns:
Extras (4S-50 ibs) 61-52M Includes
nearby: Whites: Top quality ,I4s-5o lbsl
pesWess 21-22a. Browns: Top quality
smalls 37-3S: .peewees 22A-24.
Butter steady wholesale prices On
score .(AAl 59-59la cents 90 score (A5
5S-6Sh 80 score OBJ 56-56a SO score
Cheese steady.
Wholesale sales, American cheese
whole milk: Cheddars aged 47-49
cents single. daisies fresh $3.50 single
daisies aged 1852 fiats fresh 36-3T
fats aged 47-51 processed cheddars S
lbs. 35-37 domestic swiss (wheels) grade
"A" 41-47 grade 'B" 39-45 grade &C"
=
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-29
Safe Acquires
Reliance Mfg.
And Rice-Stix

NEW YORK, Aug. 20 Dr.
Safe Bros. CO., Inc. New York
textile firm. announced today 1t
has acquired control Of Reliance
Manufacturing Co., Inc, which
owns a majority interest in Rice
Silk, Inc. st. Louis.
Joseph M. Safe. vice president.
said "a progressive plan Of
growth and expansion would be
put into effect as soon as prac-
ticable."
No changes in the present
personnel of Reliance are con-
templated, Safe said. M. M.
Clairmont, chairman and presi-
dent Of Reliance, who repeatedly
had opposed Mr.. Safie's attempt
to gain control. resigned over
the week end.
Silent on Details
While Safe officials declined
to disclose details Of the trans
action, trade sources here said
control Of Reliance and Rice
Silk was accomplished by the
purchase of holdings from
Adolph Marcus and A. M. Gold
stein by the Safe interests. Mr..
Marcus and Mr.. Goldstein OBJ
tanned control of the Brandon
Trading Corp, which owned q
majority stock interest in Re-
lance, and then resold their
holdings to the Safe group, New
York textile sources indicated.
Total cost to Safe was estimated
at SIS million.
Safes latest move apparently
marks the end Of a long fight
for control Of Rice Silk in which
the latter company's stock rose
from about $24 a share to an
unsuccessful bid Of SOS q share
for treasury-held stock Of Rice
Silk last January by the Safe
interests. In the deal for con-
troll Of Reliance, trade sources
here say the Safe interests paid
5000 a share for approximately
100000 shares Of Reliance COM
mon stock, which Is about go
per cent of the outstanding
$4,000 shares Of common. Re-
lance common closed at $40
Friday on the New York Stock
Exchange.
SO Per Cent Interest
Reliance repeatedly owns a So
per cent stock interest in Rice
Silk, including $4,000 shares of
common stock and 1000 shares
of preferred.
, Control of Reliance and Rice
Silk is estimated to have given
the Safe group combined assets
of around $26 million. The two
companies operate some IS plants
manufacturing q wide range of
textile products including para
chutes and men. women's and
children's apparel.
A special meeting Of Reliance
shareholders has been scheduled
here September IL to consider
electing i've directors.