davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-24
Value Of Money Falls
As Credit Rates Rise

The price tags are being
marked up at manufacturing
level because of higher costs Of
labor and materials. At the re-
tail level. where competition is
fierce, markups aren't nearly as
widespread.
Money is tight for several
reasons. The great demand for
lit is one. The demand comes
from businesses wishing to ex-
Ipand to prepare for the even
greater prosperity they foresee,
from merchants carrying costly
stocks, and from consumers buy.
ing on time.
Savings Rate Varies
The supply of it. while grow
ing, isn't keeping up with de-
mand. Basically the supply Of
money for investment comes
from the savings of individuals
and corporations. The rate Of
savings varies as consumers 60
on spending sprees or tighten
Iup for awhile.
But business notions now of
how big an industrial plant the
nation will need in the next
few years are much bigger than
current savings can pay for.
The Federal Reserve System
could ease credit considerably.
1T could let the banks have
more money to lend. BY sup
porting the bond market as it
did just after the war it could
halt the rise in interest rates.
But the Federal Reserve poll
icy is to keep money sufficiently
tight to head off any upswelling
of initiation which it feels would
follow the pouring of cheap
money into expansion plans and
new business ventures.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-24
TRADE
WINDS
BY LOU SCHNEIDER
Consolidated News Features

There's a good chance passen-
ger fares on eastern railroads
will be increased late in october
ors early November, and then
spread to all other railroads.
The eastern rails asked a
shakespeare As per cent increase
lin flrst-class fares and a 5 per
cent hike in coach fares. The
Interstate Commerce Commits
sion paved the way for fast ac-
ton. The rules are set.
There will be no prolonged
hearings. BY September 4 those
who favor the hikes will submit
written statements. Those who
oppose have until September 20
to reply in written statement,
Then there will be seven days
of written rebuttals. After that
the ICC will hold a public
hearing on October 3 to cross
examine the written evidence.
No fireworks are expected, pre-
dict railroad men. The ICC
has no choice but to grant higher
fares. May not be the As pei
cent, but because of higher labor
and supply costs, it will be 6
substantial increase. This is ex-
|pected to be allowed late ir
October.
And, taking that for granted
the eastern railroads have al
ready put the ICC on notice
that it will soon petition for ar
increase in freight rates. This
Ion top of the 6 per cent freight
rate hike allowed on March Z
Though no figure has been an
nounced it is expected the new
freight rate increase asked will
total at least 10 per cent.
AS for the passenger fare hike
request, it looks like the industry
aims to kill the first-class pull
man business. If the As per cent
hikes were allowed, New York
Chicago trip would cost $68.47
against $49.6l by air; New York
Detroit, $62.23 by rail, $34.21 by
air.
Kennecott and Anaconda have
gone into the aluminium business.
Reason: Both expect copper to be
in big demand for years to come
and want aluminium as supple
mental operations. That's an i'm
portant tell-tale to thousands of
small manufacturing firms that
use copper Copper now is in am
pie supply because of the dip in
auto output and home building
But that condition will not con-
Itinue as long as general business
conditions are good. AS for prices
trade insiders expect it to hold
reasonably steady for several
years.
Eastman Kodak. based on Q
recent Justice Department deci-
sion. is encouraging competition
in the processing of color films
It'll be couple of years before
Kodak's position is cut down Il
half of the trades volume. II
the meantime amateur photog.
raphers are paying from 10 to q
cents more for the package
Kodak was ordered to cease thu
package price-the selling anc
developing. But photo shops love
lit. Means the customers mus
come in three times-to buy. tt
send away for developing, to gel
it when finished. Gives the salel
clerk three chances to make 9
sale on other items.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-24
CHICAGO GRAIN

CHICAGO. Aug. "a R.--Grains held
within narrow price ranges in routine
dealings on the Board Of Trade today
The market was not able 10 And ANY
cue In the news for its direction and
as result u drifted without sharp price
changes. The major show OF nrmness
appeared In distant soyoean futures, up
around . cent at one time
There were no significant weak 30.
alth0nsh ~ times . few wheat and r 4
iu.ureb dipped UNDER the. previous close.
wheat near the end Of the nrs, hour
vas UNCHANGED 70 e higher, September
*. ia; corn UNCHANGED 70 z hRher.
September Sl4fba oats Unbalanced 10
Y lower, September f3A rye I'M
CHANGED 70 q lower, September & 4g3s
soyoears unchanged 10 y lower. 6eptem-
Der S2.394s and lard UNCHANGED 70 -
cents 2 hundred pounds lower September
Weather eonilnuss favorable Tor
hge day outlook vas for varY llttls
moisture In the main Lrodueina belt.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-24
NEW YORK PRODUCE

NEW YORK. Aug. "a Uq CUsDAl -
,Maholesaie egg prices we're unsettled
lWholesale selling prices based on ex-
change and other volume saiesD
New York spot quotations follow. In
t4s-5O lbs), 3BIa-3S: extras. large f45-
~ lbsl. 1897: extras medium, 3Ois-3i;
STANDARDS, large, 31-J2h. dirties, 27-2s;
checks. 2D.27. Whites, extras i4s-5O
3sis-40; extras. medium, 3UiS.3i
Browns. extras f4s-5O ibs.I 43iz-44
Includes nearby. Whites, top quality
f4s.50 lbs.l, 40ls-51 u. mediums. 81 80:
TOD quality $3.50 ibsD, 56.5iia; me-
diums., 32ls-33's; snails, 24ls-25: pee
wees, 1918
Butter about steady. Receipts. 100000.
Cheese steady. Receipts, 10000.
Prices unchanged
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-24
BY SAM DAWSON
Associated Press Financial Writer

--N~~~NN~l ~NSS AeAo@%~Aos N'AASCA
NEW YORK, Aug. "a B.-The
price of money is going up at the
same time that its value in the
market place is slipping.
1t will cost a businessman more
to borrow money this fall. And
when he spends it, chances are
he'll get less in materials and
services than he could have last
spring.
Consumers are finding it costs
more to buy many items. At the
same time they are finding it
hard to locate funds to finance
mortgages on the new home they
want.
The price of money-what you
pay in interest when you borrow
is going up in response to the
law of supply and demand. The
demand for money. particularly
on the part of businessmen want
ing to borrow, is growing while
the supply of lendable funds is
very tight.
Classical Definition
Since business is bidding for
construction materials and for
such capital goods as machinery
and tools, and since the supply
of many of these items is tight,
their price is rising. This APP
proximates the classical deflni-
ton of imitation: TOO much
money borrowed in this case)
chasing too few goods"
In the consumers case, it's
quite different. Prices on many
manufactured items are going up
although there are large stocks
of these goods on hand and idle
productive capacity. There GER
tainly aren't too few goods"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-24
New Cyonomid Plant

NEW YORK. Aug. "a R1.-
American Cyanamid Co. plans to
begin construction Of a plant
near Pensacola. Fla. in Decem-
Der for production Of GRESHAM,
a new synthetic textile fiber. The
plant is expected to turn out
81 million pounds Of staple and
tow annually and is expected TO
be completed in mid-l95S.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-24
Films Bring $40 Million

NEW YORK, Aug. "a P).-
Metro Goldwyn Mayer Pictures
today sold a film library of TBS
Ipre-1948 pictures to television
stations in a dozen cities for $40
million. The cities are New York,
Chicago. Milwaukee. st. Louis,
Hartford and New Haven, Conn.,,
Philadelphia, Binghamton. N. Y,
Altoona. Pa, Seattle, Portland,
Greg, and Los Angeles.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-24
FOREIGN EXCHANGE

NEW YORK. Aus. - R.-Foreirn
dollars, other In cents (unchanged un
less otherwise noted:
CT madam dollar IN New York open
market Ia per cent premium or
81 .Htst United states cents, of if32
Europe = Great Britain ,pound)
81 ~ a/32; 30-day futures. 2.7T 27/32:
H0-day futures, 2.77 1899; 90-day fu.
2 .0OSs, Up ,00h Of a cent; France
tfranc). .2Sss Of cent: Germany
western ideutseh. mark. ea.s0; Hol,
land lguilderl. 26.12ls: Italy Oira)
Sweden tkronai 1884; Switzerland
.irsne) free. 23.34; Denmark krone)
Latin America--Argentina (free,
BPS; Brazil (freel, .3S; Mexico. sol
Far East--Hong Kong dollar, 1880.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-24

e,ared or laid this rear an aeeumula
i've ISSUE with 1iyidenos IN arrears
lerred or no action taker atelast divt.
denr meeting = Declared OF oaId In 1856
plus stock dividend Payable IN stock
dividend or ex-distribntion cate faaui.
datins dividend cid Called xEy djvi.
dend 1.dk u distribution ~ u nghts
~ Mithouf warrants ~ With warrants
20 Newt dat deliveTy In nankrupfcy on
feceiyerahip OF BEING veorGanized undef
the bankruutey Act or securities a.
Sumed b. such companies.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-24
NEW YORK COTTON


NEW YORK. Aug. "a R.-cotton fu-
lures held steady during forenoon deal
ings today with New orleans a more
active buyer. Demand for distant months
was predicated on the belief that more
cotton acreage will 60 into the soil
bank next year. There was further trade
buying and short covering in the cur
rent crop months.
II was reported that the c. c. c. sold
$4,000 bales Of export cotton on bids
submitted by shippers on August u
The average price for middling one-inch
cotton at average locations was 26.i /
cents pound compared with 950s
cents at the previous sales The mini
mum price. basis sths inch middline
was unchanged at $500 cents a pound
Sales under the current G. c. c. cotton
bales.
bale higher than the previous close
october, 3. 80; December. 1882, and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-24
FLUCTUATIONS

NEW YORK. Aug. "a gP.--spot non.
ferrous metal prices today. Copper 80.
80 cents a pound, Connecticut Valley
Lead 10 cents q pound, New York
zinc 31s cents a pound. East g. Louis
lin ggAs cents q pound New YORK
ForeiEn silver aOaa cents per troy ounce
New York Scrap steel No. heayy
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-24
ODD-LOT DEALINGS

NEW YORK, Aug. "a R,.-The New
York Stock Exchange reported today
these odd-lot transactions By principal
Purchases OF ig0.sD9 shares-sales Of
i33, 800 shares including Else shares
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-24
DOMESTIC

DOMESTIC
Alleg Corp IS 90
allied Chem 3sas 10
Alcoa 3hss 81
AmMch&Fdy Ans 81
Am T&T 35hs 81
B d o AVS 20lO
Bell I Pa 6s 50
Beth Stl 3k4s 30
Cen RR Nj 3h4ssf
CMSP&Pac IS 2O56
Chi a NV aus ~
Colum Gas 3Tss VI
Combust Enc 3aas 81
Comw Ed 2Iss2O0l
Con Edison 2%s 80
Det Edits 3azs7l wi
Diet Edison 3Ns 50
Erie IS 2020
Fla East est 5s74
Gen OMAN sbss rs
GenAmTran Is 81
yer Elec 3hss III
Gen Mot Acc Is bS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-24
NEW YORK BOND MARKET
MOST ACTIVE IssU

1913 GenMotAcc 3Ms 81
90Nt 0enMotAcc 34bs rs
o6ils GenMotAcc ANS 72
975b Gen Mot Co 314s 10
LOG Gen Tei Cp As ~
1356 Grace q Co 3ias rs
60lz Househ Fin 3Ias 81
lola Leh Val As D2003
l24M " sri+. 6s 2O46
50 ~ oae a. 2O2n
63M Mo Per 4s4s 2030
SA6 10 Par 4Ns 40
96M Mo oar 4Hs 2nnR
1864 N Eng T&T 4Iss 81
"a N Y Cent so
e5M N Y Cen 6s 20l3
lo9bz N Y Cen AIS 2O13
LISA N Y Cent Is 9S
- NY Cen L s 3las %
AT NY Chest L BIAS 80
1o9lz NYNHH HR 4izs 70
l0616 N Y g. Put As SO
99lA NYSus& WA lss2019
loo36 ! Northrop Airc Is 40
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-24

Zenith 2he ! IcoDh 1861 Io6ls+ "A
hOHFD sales on the sHenanGt
u0am $40 600 ~ noon $50 COG
100 o N $50 ooO goo ON oCoo ooc
tULit Of tranins 10 snares o. sales "
full Rates OF dividends 70 the torogoinR
table are annua disbursements baseu or
the last 1uarterly or semi annua decla
or extra dividends are cot Included
a Alsn Extra OF extras Annual rate
plus stock dividend Declared or paid
10 lgo2 nlui stock dividend g Declared
stock durinp inhs estimated Cash value
on el-dtyidend OF ex-distribution date
2 PAID last year \ Declared o. paid
after stock oivideno or split-up. g De.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-24
DIVIDENDS

announced: 'isiuenoS
/ Pc Stk. of Paw
| Rate riod record ahia
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-24

Yaie&Towni y Q 5lzb 3lb yiyk+ "A
Y gn.s.s sIt ;ioo 400 100 -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-02-14
Congressman Phillips
Is Luncheon Speaker

Gus victory in "a years Of po-
litical life.
The veteran legislator said
whenever the Republican Party
comes up with a strong candi-
date, the latter lis attacked
personally. bitterly and vim
dictively by the Democrats"
In too I many instances. he
chided, Republicans themselves
help to pass along these ru-
mors. saying they can't sup
port the candidate because he
is vulnerable.
"Our own party members
say because Of this vulner-
ability Maybe we'd better not
run him." This, Mr.. Phillips
said, is exactly what Demo-
Gratis want--"to name our can
didate."
He advised the luncheon
audience to close ranks, stop
passing rumors about their own
@. o. p. members and to work
harder than ever for the party.
Wen have one more
chance" Mr.. Phillips added,
IF we don't win this election
we may as well throw in the
towel"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-02-14

Speculation leaned heavily
to the military yesterday as
members tried to guess the
identity Of a mystery speaker"
at the regular women's lunch
con of the Capitol Hill Club.
With the honor guests in
Guiding Mrs. Arthur w. Rad
ford, wife of the chairman of
the Joint Chiefs of staff; Mrs.
Maxwell Taylor, wife of the
Army Chief of Staff; Mrs.
Arleigh A. Burke, wife of the
Chief Of Naval Operations and
Mrs. Randolph Nice. Pate,
wife Of the Commandant of
the Marine Corps, it was only
natural to suspect "he" would
be one of their well-known
husbands.
It came as a big surprise,
therefore, when Representa-
tive John Phillips, Republican
of California. appeared as the
speaker.
Mr.. Phillips, who has an
nounced he will not seek re-
election in CALIFORNIA; Goth
district, made a very brief talk
in which he credited women
with having been the working
force which gave him continu-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-02-14

Plans are being completed
for the third annual "Off1cial
Homes for Friendship Tour
and Tea" on March IT.
Proceeds from the tour of
historic homes on Capitol Hill
and the tea will go to Friend
sip House settlement house 10
Gated at 619 D street Sc.
Residences on the tour in
clude Alva Belmont House. LA
Constitution avenue NE, built
on land originally belonging to
the Carroll family Of Maryland
and now the headquarters Of
the National Women's Party.
Also on the tour will be the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-02-14
TODAYS HOME
Area Rugs Newest
For q Custom Look

Lavaux, deClausade and Jacob.
Along with the carpet, Firth
supplies a large, art-quality
reproduction of the picture
which inspired it.
Rug Mobility
Rediscovered rug mobility is
exemplified in Alexander
Smiths "Centerpoint Collec-
tion," which can be moved
from room to room If desired
for a change in decor. In
cluded in the group are eight
rug patterns, four in designs by
Associated American Artists
bearing the patterns, Boosters
and Roses" Classic Flair"
"Sun Dance" and "Cobble-
stones" The latter is the most
modern design suggesting a
cobblestone walk by employing
the device Of a decorative geo.
metric layout. Other patterns
in the collection are called.
"Classique," "Norseland."
Garden Patch" and "BaroQue
Gem"
Seven new Gulistan carpet
qualities. manufactured by A.
& M. Karagheusian, Inc. were
introduced on the market re-
Gently. Among the new designs
are a sea shell pattern, "Chal-
lenger";; a velvet with varying
heights Of looped pile, named
Documents" and "Rayburn."
a new quality featuring six
different leaf and floral
patterns.
Endless ColOrS
The fashion story, whether
in area rugs or wall-to-wall
carpetings, still runs to an al
most endless color array. Also
being stressed are new weaves
which make carpets wear
longer, and new patterns de-
signed especially to disguise
soil, adding up to good news
for homemakers.
Nylon carpetings are in the
forefront in color variety and
long wearing qualities. To
prove this, one company re-
Gently placed a gold-colored
nylon carpet on a heavily trav-
eled highway. After $4,000
trucks and cars had passed
over the carpet. they took 1t
up and cleaned it.
1t is impossible. they avow.
to tell the cleaned carpet from
the new.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-02-14

Hill restoration on the tour
will include the homes Of Miss
Frances Andrews. lis Fourth
street Sc; Mr.. Richard
Stringfellow, 612 A street NE;
Representative w. r. Poage,
228 Second street Sc; Mrs.
Alice Dean, 16 D street Sc;
Mr.. Ross Dean. 121 Sixth
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-02-14
Capitol Hill House Tour
Plans Are Completed

building at 122 Maryland ave-
nue. NE. dating back to the
War of 1912, which houses the
offices Of the General Commits
sion on Chaplains: Senator
and Mrs. Karl Mundt's home
at 122 Schott's Alley NE; the
home Of Miss Mary Fineran at
235 Second street Sc, once
the property Of the Fairfax
family, and the home of Mr..
Constantine Brown, columnist
for The Star, at is Fourth
street Sc.
Examples of current Capitol
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-02-14

street NE: Mrs. George Hoff-
man, 32o A street Sc. and
MFR. J. Ross McKeever. Q Library
court S.W.
AS in past years. the tour
also will cover Congressional
Cemetery, Christ Church. the
Marine Commandments House
and Friendship House.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-02-14
BY MARY L. VAUGHAN

High-style area rugs are the
most important trend in floor
coverings this year, according
to one leading carpet manu-
facturer.
Edward Fields, president of
the company bearing his name.
says there is a steadily in
creasing consumer demand for
mobile area rugs instead of
wall-to-wall carpeting. Such
rugs, he points out, serve to
accent both interesting furni-
ture groupings and we'll
polished floors.
other rug manufacturers
have taken the same position
with Karastan marketing a
new and luxurious area rug
group, sert Collection"
available in 20 modern and
traditional hand-carved pat
terms and a wide variety of
decorator colors. Included are
such names as: Pyramid"
Date Palm" "Sunburst,"
Desert Stars" Cactus"
Might Flowers" Oasis" and
others
Carpet Collections
Collections appear to be the
latest direction in which car
pet manufacturers are gravi-
Eating with Firth producing
new Gallery Collection" as the
most recent addition to their
l'Tuftwoven" line and Alexan-
der Smith creating as their
newest series a "Centerpoint
collection"
The Firth collection incor-
porates color compositions in
spired by the works of great
artists. 1t includes 10 carpet
'1ngS, reproducing IN WOOL the
radiant colors and brush stroke
effects of masterpieces by both
contemporary and classic
painters.
From THE Angelus" by Mil
let, Firth has drawn the gold,
shadow bronze and earth
browns which characterize that
classic painting. Harvest
colds have been copied from
Brueghel's THE Harvesters,"
and country green's, reds.
browns and gray blues from
Seurat's Near the Seine"
Other color inspirations have
been drawn from such re-
nowned artists as Van Gogh,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-02-14

o Directly from the Elizabeth Arden Scion.
Miss Arden's specially trained representa-
tive, Miss HiIdeeorde Cornes will be in Jel-
leff's special Arden booth at F Street to-
morrow, February 18th through Saturday,
February Is.
. Let her give you a complimentary onoIy-
sis chort for your individual skin core. She
has wonderful makeup magic to show you
as we'll.
Milford chronicle., 1956-04-06
Safety Council Notes

Benjamin Franklin was a wise
man-but don't try to repeat his
kite-fying experiment, the Della
ware Safety Council suggested yes
terday.
With the weather getting right for
flying kites and model airpianes.
the Safety Council called atten-
tion to simple safety precautions
which. if followed, will go a long
way toward removing the hazards
OF those sports.
AS for Franklin, he conducted his
famous experiment of collecting the
electricity of thundercloud by
flying a kite in a storm, back in
1852. Since then, several people
with less know-how have heen
killed trying to repeat the expert
ment
The Safety Council said that
safety precautions for flying kites
and model airplanes are given
in detail in the April issue of Safe
ty Education. a national magazine
which Is sent free to every public.
private and parochial school in
Milford chronicle., 1956-04-06
HARRINGTON
Mrs. Jack PitIiek
Phone Harrington ss349

Mr.. and Mrs. William Walton
and sons of Philadelphia were the
holiday weekend guests of Mr..
and Mrs. Earl Thomas.
Mr.. and Mrs. E. A. Richardson
we're the guests of Mrs. Helen
Pyle and Miss Anna Lewis of Re-
l4oDoln Ier the Easser holidays.
Mr.. and Mrs. Henry Watterson
OF Port Penn were the guests on
Saturday of Mrs. Watterson' s
daughter, Mrs. w. w. Shaw.
Mrs. E. w. White, who has been
visiting her daughter, Mrs. w. Y.
Montgomery of Wilmington, re-
turned home on Monday, accom-
panied by her daughter, who was
Mrs. Whites guest at the New
Century Club luncheon on Tues
day.
A. L. Gaskin of Dover spent Sat
urday with his aunt, Mrs. H. C,
Miller.
Mr.. and Mrs. Jack Keeler OF
Newark had their young daughter
Virginia, christened in Trinity
Methodist Church on Easter Sun
day morning.
Mrs. L. r. Beauchamp was hos
tess to the members of her bridge
club at her home on Thursday af-
ternoon.
Mr.. and Mrs. Howard Wagner
and children and Mrs. Wagner IS
parents, Mr.. and Mrs. Harvey Will
liams of Wilmington were dinner
guests on Sunday of Mr.. and Mrs
c. Norman Magargal of Naamans
Road, Wilmington.
Paris Brennan of New York City
was a recent guest of Mr.. and Mrs.
j. Millard Cooper.
Mr.. and Mrs. Fred Marvel and
daughter of Collins Park, and Mrs
BENJAMIN Danna and children OF
Farnhurst were the guests last
weekend of their mother, Mrs. Ar
ia Masten. Mr.. and Mrs. Ray Mas
ten and son of Renoboth were din
ner guests on Saturday of Mrs
Masten.
The Woman's Society of Chris
Milford chronicle., 1956-04-06
Can't BeGt
RThMORE
q r =!

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gradients in Wirthmore Feeds
that make them out-perform
any other feeds on the market
today.
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Each ingredient selected for
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fully blended.
RESEARCH
Every year you benefit from
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Wherever you are in the
Northeastern states, there is
an experienced and qualified
Wirthmors Serviceman, ready
to help you on any problem.
If you're looking for results,
better look to