davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02
Universal Corp. !.
Calls for Vote
On Purchases

Stockholders Of Universal
Corp, Of Washington, formerly
the Capital Transit Co, have
been called to a special meeting
IN the Willard Hotel at 10 am.
next Wednesday to vote on pro-
posed purchase Of two other
companies controlled by Louis
e. Wolfson and his associates.
The two companies marked
for acquisition are the Marion
Steam Shovel Co. and the Os-
good Co., both of Marion, Ohio.
Price tags which Universal
stockholders will be asked to-
approve are $12.221,762 for the
former and $4,679.230 for the
latter. Both are controlled by
Merritt Chapman 81 Scott Corp.
of New York, which is one Of the
holding companies Of the Wolf
son empire.
Formal notices, proxy forms,
and details mailed to Universal
stockholders, many Of whom are
residents of Washington, also
asks approval Of a proposal to
reduce par value of the capital
stock from $3.50 to $14 a share.
Under the purchase proposal,
Universal would put up 81, 721, 1852
of the cash it received from sale
Of the transit properties here for
the purchase of Marion Steam
Shovel; $2.8 million in notes of
the D. c. Transit System, Inc,
with the remaining SAT- million
in inStallments.
Terms of the Osgood purchase
call for $1,801, 2S0.99 in cash,
$1.078.000 in notes of D. c..
Transit and $1.8 million in in
stallments.
in this deal will be both seller
and purchaser, a position which
he has held before his companies
have sold assets to each other
previously.
Under the recapitalization plan
the maximum amount of au-
thorized capital stock Of Univer-
sal would be increased from
$l8. 100000 par value to $40 mil
lion par value.
The number of authorized
shares of capital stock would be
increased to S million from
96O. 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02
FOREIGN EXCHANGE


NEW YORK Nov. ~ --FoTeign ex.
ehanae rates follow Great Britain IN
dollars. others IN ceptsl.
Canadian dollar IN New YORK open
market 3 L;i1 per cent premium OF
los O3is q cents W - Of a cent
Europe Great Britain tpoundl
- 1ss. up } - Of cent Great Brit
ain 20 dAy futures go 20 ~, np I -
~ 4 cent. Great Britain ~ dAy futurei
AZ sag up - Of cents Crest
Rriiain % 6ay futures 58ss, 10 4 q
a cent BciEiHm franc eUi =, 90 uuss
~ . cent; France france gsas OF q cent
unchanEed. Germany lvesterni ldeutschi
marx $50, UNCHANGED; Holland
1kuiider, shlS on nnia q . cent; tab
IRA 49, o. 4 cent UNCHANGED poytu.
oil fescudo 3 81 unehanaeos sweder
lkronai 1854 unehsnged sNsiserianl
aranef free - -. urehAnxed Den
mari krone ~ 50 nnchanTed
Latin America AfEentina tfreai 4 q
Crchanged Arafil free I 80 unbalanced
Nexico : q UNCHANGED veneGae.a boil.
vnrt 80 % unbalanced
Par last. Hons Kons dollar i74s
ynehenssd
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02
Investment Analysts
To Hear About Canada

Armand @. Erpf. general part
lner Of Carl M. Loeb, Rhoades
I& Co.. will address a luncheon
meeting Of the Washington So
Iciety Of Investment Analysts al
the Burlington Hotel next
Wednesday noon.
Mr.. Erpf will discuss invest
ment opportunities in Canada
said Amerst E. Muson. society
president.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02
Lincoln Service
Reports Increase
In Net Income

Net income of Lincoln Service
Corp. was $269,472 or 70 cents a
share in three months ended
September 80. compared with
$2S5,336 or SO cents a share in
the same 1855 period, Treasurer
Oscar c. Mitchell reported today.
Total income for the period
was $l,456,080, compared with
$l,185,469 a year ago. Operating
expenses amounted to 81 ,002, 056,
compared with $S12,8l9. Income
before Federal income taxes was
$454,025 VS.. $372,650.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02
New Friqiduires Shown

Some 1000 area Frigidaire
dealers and sales personnel saw
a colorful stage presentation Of
the organizations new 1857 APP
pliances at the Sheraton Park
Hotel today. A public showing is
planned here late this month.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02
American Security to Pay
SS5O.00O in Yule Savings

American Security & Trust
Co. reported today it will dis
tribute around $4,000 to some
5000 members of its 1856
Christmas sevings club in the
week of November 10.
The company resumed its
Christmas club last year after
dropping it for a number Of
wears.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02

AnOuttlS QeDenbufeS Que mo-
vember 20.
While the big outflow of cash
TO private investors has in
creased its Treasury borrowing to
more than 500 million, a point
at which it generally seeks new
public financing. FNMA may
continue to lean on the Treasury
Tor the time being.
One reason is that the Treas
ury itself will have to go to the
market for around sos billion
at the end of this month and
may prefer to have FNMA delay
any action on its own account.
Another reason is that interest
rates are reaching formidable
levels and FNMA might have to
pay as much as 4 per cent for
funds.
$l22 Million Mortgages
Acquired in Quarter
Acquiring mortgages at an an
nual rate of $500 million, FNMA
broke all records under its Sec
ondary Market Operations pro-
gram in three months ended
September 80 by adding 1l,165
Government-backed home mort
cages valued at around Sl22 mil
lion to its rapidly expanding
portfolio.
This was disclosed by FNMA
President j. Stanley Baughman
in a quarterly report and finan-
cial statement FNNdA's accel-
Grated buying in July, August
and September represented a
Sc per cent increase from the
previous quarters $40 million of
purchases and a 500 per cent
jump from $40 million in mort
cages bought in the same 1855
period.
The agency picked UP 3,579
mortgages for S39,538, 900 in
July. 3.975 for $42,54l 900 in Au-
gust and S.611 for $39,819, 900 IN
September. The quarters addi-
tions raised cumulative purchases
since the start of FNMA's Sec
ondary market program in No
vember. 1854, to IS, 1852, totaling
$360.316,00O.
More Favorable Terms
Help to Spur Activity
Emphasizing the marked up
trend in purchases, Mr.. Baugh-
man said. I'VE are now buying
more mortgages in day than
We did in six months in the
early days of the program. I" He
attributed the activity ito the
prevailing tight residential mort
gage market and slightly more
favorable terms under which
sellers now can do business with
the association plus the fact
that more people know about
our program now"
All sellers of mortgages to-
FNMA prior to August 8 we're
required to subscribe to common
et0nk IN the accOaiaftoV1 in an
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02
DELTA Air Lines Asks
CAB Reconsideration
WOOdle Takes Key Post
In SEC CORPORATE Unit
Capital Bank Loans on
Slightly After Advance

Joseph Cass Woodle has beer
appointed associate director OF
the Division of Corporate Regu-
lation for the Securities and Ex-
change Commission. effective to-
day Chairman .. Sinclair Arm
strong announced.
A native of Logan. w. Va.
MIR. Woodle is a graduate OF
Princeton University and the
University of Virginia Law
School.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02

SPEAR 8 STAFF, NC, Bobson Park 81. Massachusetts
Yes like the idea Of the proposed weekly "MrHc METAL
Stock LETn understand that published the Introductory
rates viii be year $50 months $40 months SIS II you
decide 10 publish please enter subscription for me- for the
In any heter not you publish understand you will
send complimentary copy Of the 4pan Report on ~
VzY SPECIAL MINING METAL SrocKs TO Buy Now" COW
eng the parts and the Special Stocks in return for the
favor Of giving this early conditional reservation coupon
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02
Liberty Loan Corp. Net
Shows Sc Per Cent Increase

Liberty Loan Corp. had net
earnings Of $927.047 in nine
months ended September 80, an
increase Of Sc per cent from
S539.878 in the same period last
year.
The company announced con-
tinuance of its policy of blowing
earnings back into development
of new branch Offices. Nots re-
ceivable outstanding on Septem-
Der 80 totaled $780, 33,17l.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02
Higher Net Reported
BY Personal Industrial

Personal Industrial Bankers,
Inc, had net income of $l14,999
after taxes in six months ended
September 80, compared with
$l06,437 in the same 1855 period,
President Carl r. Workman re-
ported yesterday.
Customers loans receivable
totaled $6.886.510 on September
GOA gain of els per cent from
SIS. 667 .047 on the same 1855 date.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02
'' 3 BUSINESS
FNMA Pouring Out Cash,
Faces Financing Soon
By DONALD B. HADLEY

The Federal National Mortgage doing land
once business taking mortgages private concerns want
ing to replensh their cash in period Of tight money high
interest rates
also must decide shortly will 60 to the market
Tor when it renances 500 million of maturing
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02
5 MAIN PROFIT SECTIONS IN THE
MINING & METAL STOCK LETTER
ion No. 1.-The EPANDlNe-MARKET SECTION

Profit Section No. 1.-The EXPANDlNe-MARKET SECTION
The expanding aluminium market is responsible for REYNOLDS
METALS going from to IS for 4150 gain; and from
7Ofor 220O% gain the Smyh Report on Atomic Energy the
metals beryum hium were mentioned Since them
CORP stock has gone from AZ to SO and LrH CORP
from "a to 37i
me proposed MINING METAL STOCK LETTER would sw research wh
ssn expanding new hsds On new essses and for beth
the elder metals and the whole field Of rs metals
fascinating and what can BE- . very profitable field
Profit Section No. 2-DscOWRY SEcTON-olDER METALS
Before 1913 COPPER RANGE small copper producer doing
fabcang In 1913 engineers copper
discovery Of estimated s96oOOO tonsnow
When the first discovery made selling
adjusted 37h This discovery has since pushed to TO-
The proposed MINING METAL STOCK LETTER would fellow promising
drilling reports licking for the big discoveries Of the elder metals
snsh copper lead INC gold etc One g'sd early lead on hgdsesssV
Profit Section No. 3-MAoR DISCOVERIES m NEWER METALS
Only few MoLYBDEuM selling around g.
Discovery made Of larger moybdenum deposits
The stock has since goneto about 34l
The ppSssd MINING METAL STOCK LETTER would Be following The early
drilling reports companies with promising biz discoveries IN mere than
rs Of the newer metals Again. early lead stock spui
be the basis for . handsome psht
Profit Section No. 4-TAE CANADIAN MINING STOCKS
Canada contains the greatest unapped mining North
America Over $40 billion Of Americas has been poured
Canada to hike industrial production and to develop
hum, uranium nickel and other minerals Big dcov-
cries often and fasnow that mapping techniques
have made possible survey In few weeks what used to take
years to do.
The proposed MINING METAL STOCK LETTER would carry news drilling
reports and buying Information al the listed Canadian Mining and
Metal Stocks
'front.' Section No. SHE TEcHNIcALACTIO SECTION
Mining stocks offer technical patterns which good tehn
clans can read great deal
The wspsd MINING METAL STOCK LETTER would have % It's stan
specialist price action Very gpsd shotm ntermsdatsrm
profits would. We believe result trSm this section.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02
GeiyoUr Complimentary Copy Of this
Dynamic 4-P0rf Report:
IA VERY SPECIAL MINING AND METAL STOCKS
TO BUY NOW"

]. The Big-New- Discoveries And Big-New-ReseFves
Part" STOCKS m COMPANIES WITH GOOD BASE
METAL RESERVES AND WITH HIGH PROMISE or
NEW MAJOR RESERVES. "a big discovery Of bose
meiu pushed Copper Runge from TO over 70l
LOW-pRlCED STOCKS WITH A HIGH PROMISE or
MAJOR DISCOVERIES or ONE OR MORE or THE
NEW METALS. III wus q muor discovery OF the hwo
new metals molybdenvm and tungsten that made
MclybdenUm Corp. go from to approximately 34)
z. THE Bis-New- Meiol-Process-And-Produc Port"
STOCKS IN COMPANIES MOST ACTIVE ON THE
TRAIL OF A NEW PROCESS 70 REDUCE TITANlUM.
0twos the Hall reducing process thui reolly made
ulumnum cheap new metul and HE price Of Alumi-
mum Corp. Of America go from TO 1899 STOCKS
m COMPANIES MOST ACTIVE IN THE RACE 10
PERFECT AN ECONOMICAL ZlRcoNUM PRODuc-
ION PROCESS. Che Government recently hos let
big contracts TO experimenolly produce chromium.
Research success may mean big pew stock pro6ts.l
,. THE Bie-Trcdins Port" 3 loW-PRIcED MINING
STOCKS WHICH ON A PRICE ACTION BASIS APPEAR
READY FOR A SUBSTANTIAL ADVANCE. lone Of our
stoH IS specialist in Technical chort action. h
makes fuseinuting and sometimes funiostically
profitable feId)
4. THE Bie-Minne- .MetoEmpire Part" AN EvALu-
ATED BREAKDOWN ON THE KEY STOCK or THE
MINING AND METAL EMPIRE BUILT BY A KEY PolITl-
CAL FIGURE. Few people reolize the tremendous
volue back Of this siock)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02

PROMOTED - Robert L.
Tull has been elected assist
ant vice president of Fed
eral Storage Co. A grad
uate Of Western High
School and George WASH
ington University, he has
been with the company
four years and is active in
the junior Chamber OF
Commerce. He served in
the Navy in World War II.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02

dAllOuilC equal 10 S per cent OIL
the principal unpaid balance of
the mortgages sold. This rate
was reduced to 2 per cent on
August 80 and again on Sep
TENDER 81 to l per cent.
Capital Bank Loans OF
Slightly After Advance
Outstanding loans of u re-
serve member banks Of Washing
ton declined slightly in the week
ended october "A after edgine
forward for four weeks in a row
and almost equalling their all
time high of September IL, the
weekly report from the Federal
Reserve Bank Of Richm o n d
showed.
Net loans on October "a to-
tailed S527,955.0 900 a drop Of
$637 900 from a week earlier, but
still $46,601 900 above the like
1855 date. The record was
IS529,432. 900 on September IL.
Business and industrial loans
Iof $220,5l2,000 were down ST.
I530,000 from their all-time record
Iof $222.042, 900 just a week ear
lier and remained $18. AGO, 00e
above a year earlier.
Real estate loans of $l44,O8l.-
900 ahead of the like 1855 date.
Other loans. mostly consumer
loans, totaled $150.817,000, up
|$1.0l1, 900 from a year ago and
$1S,86l 900 above a year earlier.
DELTA Air Lines Asks
CAB Reconsideration
Delta Air Lines today charged
that the Civil Aeronautics
Boards award of a new New
York-Miami route to Northeast
AirlineS violates reason and
logic" and ignores serious de-
ficiencies in the evidence of
record"
In a petition for reconsidera-
ton filed with the CAB here,
Delta asked the board to rescind
its action and grant Delta au-
thority to operate over the East
Coast route as recommended by
the boards associate chief ex-
aminer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02
MUTUAL FUNDS

NEW YORK. Nov ? Ri.-National
Association Of Securities Dealers. Inc.
moon Quotations.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02
under the Title OF:
The Mining & Metal Stock Letter

The MINING & METAL STOCK GROUP is big
land it's exciting and for investors, there are
large profit potentials in selected stocks.
Many stock fortunes have already been made on
new discoveries and new uses Of metals. And fur
Their new discoveries and new uses are being found
all the time.
Lithium and boron-in combination with hydrogen
could become the non-atomic propelants Of
guided missiles and rockets Until recently the
ores Of chromium, particularly zircon, were the
money makers. But now chromium metal looks like
the answer to nucIear-reactor- makers PRAYER
The Government has just recently awarded con-
tracts totaling $40 million to three firms to produce
this "neutron-hating" metal.
INVESTMENT TRUSTS BUYING MINING & METAL STOCKS
The big Investment Trusts are buying more and more
mining and metal stocks for profits The biggest of all
has more mining and metal stocks than all others ex
cept for groups Another large investment trust has
more than any, except groups At the end of Septem
Der, 1855 quarter small very smart stock-picking
open-end trust oWned more mining and metal stocks
than ANY OTHER GROUP!
In short, believe this mining and metal field Is big
and important And we also believe big stock profits
be uncovered for you by Letter such the pro-
posed MINING & MEAL Stock LETTER.
How 10 get your Complimentary 4Pdn RspoH on
"I4 VERY SPECIAL MINING AND METAL STOCKS
10 BUY Now
We do not know how many investors realize the sire
Of and profit possibilities in this industry We do not
know how many would want to subscribe to such q
Letter as the MINING METAL Stock LETTER.
II you would be interested in trying such service.
would you be good enough TO tell 80? In return for
this we will send you this Special Report IA
VERY SPECIAL MINING AND METAL STOCKS TO Buy
Now" with our compliments
Below Is "PrepvbGeohon Conditional RsseOotioa
Coupon" Just en- II in and return iodoy. From The
number Of reservations receive saimofe
very cleorly The dsmond for such Letter big
enough 10 Justify The greet omovnf OF fine ond ex-
pense will ioke for publication.
In any case-whether we publish or notthis compli.
mentary 4-Pah Report IA VERY SPECIAL M1NIN0 AND
metal SHOCKS TO Buy Now" is yours in return for
the favor Of giving this early conditional rcserva-
ton Fill in and return the coupon below-NOW-
SPEAR & STAFF, INC. . :::::s ,:;;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02

amount equal to 3 per cent Of
the principal unpaid balance of
the mortgages sold. This rate
was reduced to 2 per cent on
August 30 and again on Sep
TENDER 81 to l per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-02
ANNOUNCING
A Special Republication Offer on
OUR PROPOSED NEW ADVISORY SERVICE

because Of big recent developments, and some unus
ual work that land affiliate the Oil Statistics Coz
have done recently in the field Of profits from mining and
metal stocks it has been suggested that begin publishing
advisory stock letter under such title as HE MIN
ING AND METAL Stock LETTER"
The mining and metal stocks always have been bigproft
stocks In the first recorded bull market 1S71-7a .he
mining stocks the Uey best profit stocks and in every
bull market since metal stocks have made big profits In
the present bull market the aluminium group has shown
profits of over 10000!
And the mining and metal stocks are big group There
are over 55 different base atomic precious and newer
metals There SIS listed mining and metal stocks on
the New York American Montreal Toronto and Canadian
Exchanges There also several great mining and metal
stock empires each having tremendous underlying value!
But most mportant-what have found after two solid
years OF research by trained staff is that NEW DISCOV-
ERIES-NEW MARKETS and NEW USES, particularly
In aomicage metasGre making stock fortunes for in
Uestors who acted ahead Of the general public
Because of the recent developments described below
we have prepared Special Report called:
IA VERY SPECIAL MINING and METAL STOCKS TO BUY NOW
Hghgh these IA stocks the right We are going to
send you complimentary copy of this Report in return
for favor we are asking you to do for us
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-26
BY DOLORES PHILLIPS

HOT SPRINGS, Waffle at
Hot Springs over the long
Bath County Horse Show
week end was as removed from
politics as a horse show crowd
is from ballet. Except for the
new, pale-blue television room
at the Homestead, where hope
full Democrats and caustic
Republicans sat, side by side
and row upon row, watching
the balloting Thursday night
and Friday. there was more
interest among the exhibitors
in who would win the cham
pionshipS at the show than
who had won the nomination.
Although not quite as many
States were represented in the
show ring as delegates at the
convention, there were enough
out-of-State horses and riders
to make the show a tussle.
Mrs. Deane Rucker had horses
vanned down from Crosse
Point Farms, Mich; the Wal
ter Wickes had horses show
ing from Unionville. Pa: MIR.
and Mrs. Dudley Williams
from Greensboro, N. c.; Mrs.
Winston Guest, who lists her
Templeton Stables from 465
East Fifty-seventh street, New
York City, rode, and Alan
Connell vanned horses all the
way from Fort Worth, Tex,
riding them in the open Jump
ing classes.
The Alvin Hayes brought
horses from their Boginod
Farm in Bethesda, Md, Mar
garet and Watts Humphrey,
children of the Gilbert Hum
phreys and grandchildren of
Secretary of the Treasury and
Mrs. George Humphrey showed
from their Chagrin Falls, Ohio,
stables, and the Dudley Forts
came up from Atlanta, Ga.
Mrs. Fort, one of the Warren
family, was born at Raspberry
Plains, the H. Ross Lipscomb
estate near Leesburg, before
the place was sold to the Lips
combs. In her formal, shad-
belly hunting clothes, she was
one of the more spectacular
riders at Friday nights per-
Torrance.
Still Champion
Peggy Augustus, the brunette
bombshell from Gotham. who
rides in the most unorthodox
headgear known to the show
ring a big, blue, fioppy
straw hat kept the grand
championship of the show in
Virginia for the second Sue
cessive year, riding her Watt
ing Home. Peggy was as active
on the dance floor in the
Crystal Room Of the Homestead
after the show closed each day
as she was in the show ring.
While older exhibitors retired
tc the long, red corridors Of
the hotel, heading to their
rooms for a good nights rest.
the younger exhibitors, includ-
ing some pony-sized ones.
danced until / and then were
up and out at the ring by 8
the next morning.
Parties for all age groups
followed one another as fast
as classes in the ring. starting
Thursday afternoon with a
reception In the Dominion
Room of the Homestead. given
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-26
CIRcLING THE COUNTRYSIDE
Politics Take Beck
Scot at This Show

by Mr.. and Mrs. Fay ingalls,
and Mr.. and Mrs. Kenneth
Ellis. Mrs. Ellis, as president
Of the show, entertained the
judges for dinner after the
reception and gave another
dinner Friday between the day
and night classes.
With an ever-watchful eye
on the weather, a bar was set
up in one corner of the lovely
Ellis gardens and long tables,
lit by candles, in another,
where guests gathered before
and after going into the house
to the buffet. Individual
squads. crab meat casserole,
fresh asparagus and tomato
salad, cheeses, hot rolls and
dessert had to be eaten in a
hurry so that the judges and
exhibitors could make the
night session on time.
Party Guests
Brig. Gen. Freddie Boye.
down from Warrenton to Judge
the open jumping, and Mrs.
Boye; Mrs. Edgar Scott, a Fox
croft graduate, down from
Villanova. Pa, as a Judge, with
Mr.. Scott; Daniel Conway of
OSwego. N Y, Col. Howard
Fair of Kennett Square, Pa.
and Chris Wadsworth of New
Hope, Pa, were all guests of
Mrs. Ellis on Friday before
going on to judge at the show.
Miss Julia Shearer and Dom
aid Hostetter, stewards, were
also among the guests on Fri
day night. Mrs. James Sy-
mlngton and daughter Dee
dee, the Jack Mobberleys and
John Pettibone of Middleburg.
and the Gregory McIntoshes of
Warrenton were among those
who went on to the show after
dinner at the ElliseS.
The pony and junior exhibit
tors were given a luncheon ar
the Ellis farm on Saturday
after most of their classes were
over. Emily and Jane BRYAN
from Richmond. Price McIn-
tosh and Beverley Harrison
from Warrenton. Decide Sy-
mington, Terry Yates of Alex
andria, Anne and Billy DOYLE
Michael WickeS, Parnell Gore
whose Pretty Penny won the
grand championship in the
pony division, and scores of
other youngsters picnicked.
Most of them joined their