davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-23
YOUR
MONEYS WORTH
Too Late to Buy Stocks?
~ SYLVIA PORTER

alive on this: be mighty sure the
amount really will be available
in good times and bad.
Third. you invest this amount
of money in the stock or stocks
you selected at fixed dates.
When prices are high, your
money buys a smaller amount.
When prices are down, your
money buys a bigger amount.
More specifically, say you Sc
lect a stock selling at SIS a share
and the amount you figure you
can comfortably invest is $50
every three months. Your $50
buys two shares today. Three
months from now, the stock has
slumped to SIS; your $50 buys
SO shares. A year from now,
your stock has jumped to $50;
your $50 buys 125 shares.
Buying Price Averages
Over the years, in short, your
buying price averages out. Thus,
the term dollar averaging"
Does it make sense? Yes, it
does-if you faithfully follow the
rules.
In this century of imitation,
the long-term trend of prices is
up and that includes stock prices
too.
But in this era, therell also
be interruptions in the long up
trend-maybe big, bad, brutal
ones. You must have the flnan-
cial and emotional capacity to
buy in bad times as we'll as good.
You must have the courage to
stick. II this fits you, Its never
too late to buy"
Copyright 1856. Hail Syndicate. Inc.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-23

Are you too late to buy stocks?
Stock prices still are near the
highest levels Of all time. The
country is in the grip of the
toughest credit squeeze in a quar-
ter-century and borrowing to buy
stocks has become costly affair.
Many highly respected financierS
are getting decidedly Skeptical
about the markets ability to
maintain today's level.
Yet the New York Stock Ex-
change is opening the most in
tense drive in its history to spread
ownership of stocks among mil
lions of Americans. In the next
80 days, it will spend hundreds
of thousands of dollars on news
paper ads to pound home the
that you should own
Your Share of American BUSH
ness"-and the way to go about
this, Of course, is to buy stocks.
But isn't it rather late for
the average person to buy?" was
the blunt question 1 put to top
officials of the Stock Exchange
when I received a batch of the
intriguing ads.
Risk Is Cited
aren't you taking a serious
risk in encouraging millions of
financially unsophisticated peo-
pie to move in. probably for the
first time in their lives, and buy
stocks at these historically high
levels?"
The answer was as blunt as
my question. Summarized it is:
Not is not too late-if you
are willing and able to buy stocks
Systematically and regularly over
a period of time and if you hold
on to your stocks for long-term
investment.
How do you go about a pro-
gram of systematic stock buying
which, incidentally, goes by the
technical name of dollar aver
aging?" Y
First, you go to a responsible
broker. get his advice on select
ing one or more stocks or mutual
funds which are sound, highly
rated and At in to your own
setup.
Then. you decide what amount
OF money you can comfortably
put aside for investment in stocks
every month. every three months
or every year. Be ultra-conserv-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-23

ENN@"Nt N~N[NN -~NN NEA NrlA NTla- -
Rates oi divluencs IN the torssoiua
tapie are annual disbursements based
On me last quarterly OF semi-annual
declaration Unless otherwise noted spe.
sal OF extra dividends are not Included
9 Also extra o. extras b Annual rate
plue stock dividend d Declared OF pafc
70 1905 plus stock dividend Declared
q ppiq 50 Tar thus year ! Payahls In
stoet dnrtns 1855 estimated cash Valuf
% e1-divldsno OF redistribution date
Palo Iasi year b Declared o. paid
after stock dividend OF spiit-up kDs
elareo % oaid this year an aecumulA
pys nsqe WITH dividends ID arrears
Paic this wear dividend omitted de-
terreo or nc action taken st last divi.
aa ssns nsst;ns Declared OF card u
stock dyEing 1855. estimated cash Value
90 e1-dividerd OF ex-ditrribution date
, Liguidstins dividend CID called TEl
oiyleenc E-eu u distribution u q
rlSnf1 ~ without warrants ~ With
warrants 70 When distr1buted Vi When
issued 20 Ss1i day delivery IN oank.
ruptcy ~ seceiyerEhip OF beirf rsoF.
Eanized under he Bankruptcy Act a.
securities assume6 ~ sgcb eompaniss
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-23
NEW YORK COTTON

NEW YORK, Sept. % P1.-The cotton
futures market finished strong this week
after a somewhat hesitant start.
Active futures contracts on the New
York Cotton Exchange posted net gains
which ranged from So cents to 81 go. q
bale. Best showing was made by the
nearer months. On the final day OF
trading. all deliveries from October 1856
through May 1857 scored new life-of-
contract highs.
Contributing to the markets firm tone
was a report that mills at the end OF
August had only enough cotton for 20
terings were furnished through scattered
liquidation and proht-taking.
OF considerable interest to the trade
was the Commodity Credit Corpora ton s
latest report on loan entries, Entries
for the current season through Septerll-
on record. at $4,000 bales The total
at the same time last year was ia. O0O.
Exports for the week ended Tuesday
were estimated by the New York Cotton
Exchange Service Bureau at $4,000 bales,
vs. 100000 a week ago and $4,000 In
the like 1885 week The seasons total
Through Tuesday was estimated at 400
900 bales vs. 128,0O0 at approximately
the same time last wear
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-23
ADVERTISEMENT.
IMAGINE ME
EARNING
$15,OOO!
ADVERTISEMENT.
BY a Wall Street Journal
Subscriber

remember when l was earning
500 a week. ! felt good about it.
l dreamed that someday l might
earn $4,000 a year. But it seemed
remote.
Then came the food of rising
prices and rising taxes. had to do
something to keep my head above
water. One thing | did was to sub
scribe to The Wall Street Journal.
1t was a life preserver! 1t told me
things to do to win advancement,
to protect my interests and to in-
crease my income. Last year / hit
a new high. Just the other day |
said to my wife, "Imagine me earn.
ing $4,000"
That is the wonderful thing
about The Wall Street Journal. A
few minutes daily reading of that
amazing newspaper has put thou.
sands Of men on the road to in.
creased earnings. The Journal
helps salaried men making $1,000
to $4,000 year. 1t is valuable to
small business men. 1t can be Of
priceless benefit to ambitious young
men who want to win advancement.
The Wall Street Journal is the
complete business DAILY. Has
largest staff of writers on business
and finance. The only business
paper served by all four big press
associations. 1t costs $40 a year,
but you can get a Trial Subscrip-
ton for three months for Sc. just
tear out this ad and attach check
for So and mail. Or tell us to bill
you. Address: The Wall Street
Journal, "A Broad St., New York
I, Ny. WIS s-2s
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-23

Dwight Webb. a former WASH
ingtonian. who has been in the
New York office; Marcus White
head, Cornell graduate. who has
moved here from Spring Lake,
N. j.; Hamilton d. Whitelaw,
jr., institutional account veteran
from the New York office.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-23
COMMODITY PRICES

NEW YORK. Sept. 90 1.-THE AS
sociated Press index OF 35 important
commodities declined this week for the
nrst tine in four weeks.
At 1922, the index compared with
lS4.64 week ago and I74,O4 a year
ago. Last weeks figure, however. was
The industrial component touched
new high for. 1856. but all the other
components--food. livestock, grains and
cotton, textiles and nonferrous metals
declined for the week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-23
."Nine
Out of 10
Men Want
Custom
Built Life
Insurance"

Some men, of course, can
get by nicely with ''ready.
tO-wear" life insurance de-
signed for average instead Of
individual needs. But for
most successful men = at
least 9 out of l0-life in
surance is something person.
al that must be custom
made to meet personal
needs. To serve such men,
Mutual Benefit representa-
tives like George T. Elliott,
Man of the Month in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-23
N. Y. BANK STOCKS

NEW YORK. Sept 90 P-National
Association Of Securities Dealers. Inc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-23

Continued From Page Gle

lS Gov s ts r s1s zSG 90 ash Low Clos. *:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-04-22
;1ufinued from preceding page
Don't BE Your Own Lawyer

A. suffer back injury Can you sue? Yes The company had
nowledge condition and should have taken steps
mt the overcrowding Negligence and damages.
You hop in TAXI offer driver tip rush you the
ton urging him go fast he He has accident
an the occupant of the other who badly injured
Oh? you should have realized that orders would bring
anger to Others Negligence and damages.
. You are driving night You hit large hole in the
has been there for some e and your car spins INTO lamp
c and wrecked Your daughter injured Can you the
"? Yes. Negligence and damages.
You board bus pay your fare the driver off
,abruptly you thrown against and injured Do
ave valid suit? Yes Public carriers must exercise great care
guardng their passengers safety and sudden starts stops
AXE them liable But don't forget the passenger must have
ered valid injury to sustain suit Negligence and damages
Use Your Head
Il me repeat these cases are intended only general back
round Only reputable lawyer advise you accurately
W given of facts and the laws of the particular state in
ch you live Don't try be your own lawyer But you should
to exercise common about the courts. Don't
easurable loss, damage or hurt.
III YOU have broken an ankle cracked pavement and have
o been able 60 work take of home and children
weeks that measurable loss If the cleaner fades your
ms that measurable Incidentally most states now have
nacams handle damages under $500 Whereabouts
But the interested in righteous anger as
~ may imagine. dispute who gets the apples of tree
finally by you after long court fight but you find the
ppeS you 81 apiece and you've made next door,
If you do have valid lawsuit be careful not to hurt
nwittingy. Here few simple safeguards:
4 Get the and addresses of witnesses
IN Have photos taken as as possible
z Never try handle lawsuit by yourself
Wyer promptly You need his advice from the beginning not
tier you have already made botch of things.
8 Be careful what you say the time of the accident when
ou are excited and possibly confused.
T. Never sign paper of any kind you may be signing
way all your rights.
lawsuit should be regarded quick to easy
loney is process for compensating person who has
Iered from anotherS wrongdong If we all remembered that
i'd stopped abusing the tasks of getting speedy
lstce would be a great deal easier. The End
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-14
MUTUAL FUNDS

NEW YORK. June IA uB.-National
Association Securities Dealers. Inc.
moon QuotationsD
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-14
DC. Man Joins
In S4 Million
Hotel Purchase

MIAMI BEACH. Fla, June IA
B.-The eight-story. 200-room
Lucerne Hotel built last Deem
Der on the Miami Beach ocean
front. was sold today for a re-
ported price of 81 million.
Frank Schneider and B. I,
Binder of Miami Beach an
nounced outright sale of the
hotel to Oscar Markovitch OF
New York and George Wasser-
man of Washington, D. c.
The hotel was built at an esti-
mated cost of SIS million.
Mr.. Wasserman, who is presi-
dent of Georges Radio g. Tele-
vision Corp. here, said he and his
partner hoped the Miami Beach
purchase would be only the be-
ginning of a broadened to other
properties later.
He plans to keep his interest
in the appliance firm he started
80 years ago. but will divided his
time between Washington and
Florida. The hotel will open
Washington offices.
He will be vice president and
treasurer of the hotel company.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-14
Enders Elected
To Head Capital
Store Controllers

National Capital Group of Con-
trollers installed new officers at
the annual outing at Woodmont
Country Club last night.
Richard w. Enders, director of
research and planning at julius
Garfinckel g. Co.. is the groups
chairman for the coming year.
Brainard L. Janicki. controller
of Raleigh Haberdasher, is vice
chairman and Warren Tydings,
controller of the Hecht Co. is
secretary treasurer.
A special tribute was paid to
j. C. Goodwin. former controller
|of Woodward g. Lothrop, who was
one Of the founders Of the or
ganization. and its first presi-
dent. Mr.. Goodwin. who has re-
tired from retailing, attended.
Mr.. Enders. who succeeds Fred
H Heenan, assistant controller
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-14
BY DONALD B. HADLEY

Private firms invested $4.5
million in additional parking
facilities for the National Capt.
tai in 1855 and are expected to
spend at least SIS million this
year.
This was reported last night
by L. B. Doggett. jr., president Of
the Doggett Parking Co., follow
ing his election as president of
the Washington Parking Associ-
alton.
Our city has been the leader
throughout the country in MAX
ing the automobile parking in
duStry a progressive business
like operation" said Mr.. Dog
gett, who is immediate past
president of the National Park
ing Association.
Mr.. Doggett was named to head
the Washington association al
the annual dinner at the Occi-
dental Restaurant. His COM
pany operating 16 facilities ir
the District was founded by his
father. Leonard B. Doggett. sr.
in 1926.
Other new officers: Harry A
Swagart. ST., and John w. Lyon
vice presidents; Tad Linder, sec.
rotary, and Fred Reisner, treas
urer. Elected directors we're
Edward Altman, William Bruc,
Alexander, Edward Turner, Car
Zirkle and H. L. Lamberton.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-14

of Woodward g. Lothrop, has
been vice chairman of the group
in the last year. A native of
Pennsylvania he was with old
Palais Royal for a number Of
years and joined Garfinckel's
in 1913.
Elected to the groups board
Of governors Of the coming year
were: c. Robert McBrier, Wood
ward & Lothrop: Jack Donis,
Lansburghs; Frank Brown, S.
Kann Sons Co.; Carl Knapp
Jelleff's.
Jack Neff of the Hecht Co,
and Abe Coonin Of VIM. Hahn
& Co., will serve on the auditing
committee and Mr.. Heenan will
be Washington representative
to the Controllers Congress OF
the National Retail Dry Goods
Association.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-14
FOREIGN EXCHANGE

NEW YORK. June IA R.-Foreign
exchange rates follow. Great Britain
unless otherwise noted:
Canadian dollar in New York open
market "a per cent premium or 101.50
u. s. cents
Europe: Great Britain (pound) s.. sOia.
of "a: 30 day futures $50, of 70; 90
day futures 2.79ia, of u: 90 day futures
e ag on weE sslspm dsn TsnS 2o srt
$3.50: Holland tguilderl 26.11; Italy
liral 1914 of a cent: Portugal (escudo)
3 90; Sweden (krona) 1894: Switzer-
(krone) 1850
Latin America; Argentina Cfree) eos;
Brazil Cfreel 100, OF OF; Mexico sol /;
Venezuela (bolivarl 30.03.
Far East: Hong Kong dollar 1880.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-14
NBW Employe Constructs
Model of Early Bank

NAO0CA Va GoAAy DAMN
Clinton c. HUMPHREYS, employee
Of the National Bank Of Wash
ington. has made a scale model
Of the Office used by the Bank
of Washington. predecessor in
stitution. from 1910 to 1928.
Mr.. HUMPHREYS made his model
from a picture of the building
which stood on New Jersey ave-
nue. between B and C streets.
1t is on display in the front
window of the main office con-
sumner loan department at GIT
Fourteenth street NV.
1t was from the New Jersey
avenue Office that the banks
cashier fed with all of the assets
when the British came to town
in 1914 and burned the Capitol
and White House.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-14
Mrs. Irene Lewis Joins
IBirely & Co. Staff

Mrs. Irene Lewis Joins
Birely g. Co. Staff
Mrs. Irene D. Lewis, formerly
of San Francisco, has become
associated with the investment
firm of Birely g. Co., investment
firm at 100 K street NV.
Mrs. Lewis trained to become
"a singer and made her opera de-
but in the War Memorial Opera
House in San Francisco in 1914.
She recently returned from a
tour of Europe.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-14
'' n BUSINESS
Porking Firms to Spend
More for 1856 Expansion

the coming year. He succeeds
Richard H. Bussard Of Washing
ton Gas Light Co.
Other new officers: George A.
Frediani. Thos. Somerville Co.,
vice president: Mrs. Frances
Nusbaum, General Services Ad-
ministration, secretary; Patrick
Penesh. VIM. H. Singleton Co.,
treasurer; D. A. Cook, Mayfiower
Hotel. national director.
The new officers will be in
stalled at a dinner meeting at
Washington National Airport to-
morrow. Representatives Of many
Washington firms. which supply
members with various items, have
been invited for the first time.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-14

Thunderbird-inspired beauty :. Ii
Thunderbird V-8 "GO" can be your
The Of any deal the Look at what you get in Ford
First there's the dramatic styling that made the dashng Thun
derbd Americas moswanted personal Them in the 81
Ford you have the Thundebirds engine And at nj
cost The mighty 2O2hp Thunderbrd V0 the standard
eight for all Fordomatc Faane and Station Wagon models
And you have the terrific 225hp Thunderbd Special VI
in those models modest extra cost Best Of ALL you get Ford
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-14
PIB Directors Declare
Regular Dividends

Directors of Personal Indus
trial Bankers, Inc. have declared
the following dividends: IS cents
a share on the $1.40 dividend
prior preferred stock; Is cents on
the cumulative preferred; SITS
on the z per cent cumulative
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-14
Life Underwriters Honor
MOntgOmery's Memory


A memorial plaque honoring
the late William Montgomery,
who headed Acacia Mutual Life
Insurance Co. for 81 years. was
presented by the District Life
Underwriters Association to Aca-
cha today.
Howard w. Kacy, now Acacia
president, received the plaque,
which reviewed Mr.. Montgom-
ery's long service to the associa-
ton and to life insurance. In
1850 Mr.. Montgomery was pre-
Sented the Wilmer Award for his
outstanding contributions.
In accepting the plaque, Mr..
Kacy said he hoped to continue
the close relationship that Mr..
Montgomery had built into a
tradition.
Honored guests at the Asso-
cations final luncheon at the
Willard Hotel were Lee Bottens
and Lauren Powell of the Life
Underwriters Training Council,
which has just moved its national
headquarters here within the last
few days.
Lambert M. Huppler, vice
president of the New England
Mutual Life Insurance Co., was
guest speaker. Diplomas were
presented to Horace L. Atwell,
jr.. manager for Liberty Life,
and Richard Roberts, also Of
Liberty Life, who graduated
from Purdue UniverSity's Insti-
tute of Insurance Marketing.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-14
Earle L. johnson Elected
Purchasing Agents Head

Earle L. johnson, purchasing
agent of American Security &
Trust Co., has been elected presi-
dent of the Purchasing Agents
Association of Washington for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-14

preferred. and 3 cents a share on
1.-THE common.
AL dividends are payable June
20 to stockholders of record at
ithe close June Is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-14
AnacOstia Bank Completes
100000 Stock Offering

Stockholders of the Anacostia
National Bank have subscribed
for all of the additional 1000
shares of common stock offered at
5000 a share and the controller
of the currency has authorized
issuance of the new stock, it was
announced today by President A.
Scott Offutt.
Certificates for new shares will
be dated June Is and will be de-
livered within the next few days,
Mr.. Offutt said. The new shares
were offered at the rate of one
new share for each five held and
all subscription rights we're exer-
ciSed.
OF the a d ditional $780, 900
raised by the offering, 100000
will be added to capital and $780,
900 to surplus.
Mr.. Offutt also announced the
banks purchase of 10000 square
feet of additional property adj
joining the South Capitol street
office to provide much needed
parking and drive-in facilities.
He said present facilities have
become overloaded as a result of
the banks steady growth. SINH
lar facilities at other Offices Of
the the bank also will be relieved
by the South Capitol expansion.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-25
CLUB CALENDAR.
Alumnae Clubs

Beta sigma Phi. xI Sigma Chapter
Ps SaS''0 Win ' NJ. esal' wssSSss,'ss,
R RiH7 S Ghsrtt drive. Pimmit Hills
washington vassar Club-Tuesday. 4
pm, tea, Greek Embassy. 1921
Massachusetts avenue NV; to
msst ne STsisn students
Washington Alumnae Chapter :
"wednesday, s pm. REGULAR meeting,
with Mrs. Arthur E. Molioy,. 6942
vile; speaker, Mrs 4. 3. Eyler. for;
mer instructor of Textiles and
Clothing in College of Home Econ
omics, Maryland University, Mod:
ern Household Textiles" to install
new chapter officers.
Miscellaneous Clubs
District Federation Of Women's Clubs
Tomorrow, 10 am Executive
PSaTs 'ei and " strssts N0ss
home department in charge of pro-
gram: Mrs. Hollis Lamar lines to
report on her trip to Costa Rica;
Calvert Club - Tomorrow, pm.
.Bryants Nursery road. Rockville.
Diamond Wings--Tomorrow, 8 pm,
business meeting. with Mrs. Harry
Smith. jr.. RID 8, Annandale. Va.
row. s pm. meeting. with Mrs Mer-
rill p Gather, 304 Tuckerman street
NV; to elect officers and accept
new members.
National Executive Housekeepers' As
ISOLATION, Inc, District Chapter
Tomorrow, s pm, meeting. Raleigh
Hotel.
Opti-Mrs. Club.--Tuesday. 1890 pm,
resular monthly meeting, Sheraton
Park Hotel: speaker. Mrs. Marx
Virginia Daughtefs Of the American
Revolution--Tuesday s pm, Fran
Gil Wallis Chapter, with Mrs. j. e.
Brickert.. 1919 Huntington avenue.
A AnEfarsIia; to Eepert on STATE
March 1914
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-25
Tour and Tea
Benefit for


The annual Embassy Tour
and Tea of the Women's Guild
of the Davis Memorial Good
will Industries will take place
between Q and 6 pm. on Sat-
urday. May S. with tea to be
served at the Cuban Embassy.
Embassies and buildings in
cluded in the tour are the
Embassies of Italy, Argentina.
Peru, Spain, Honduras, and
the Inter American Defense
Board. the Church of Jesus
Christ of Latter-Day Saints.
Scottish Rite House of the
Temple and the Scottish Rite
Temple.
Mrs. Maxwell Rabb, wife of
the Presidential Assistant is
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-25

Mrs. Charles Thomas, receiv-
ing line hostess: Mrs. True D.
Morse, assistant receiving line
hostess.
Also. Mrs. Russell Johnston.
program: Mrs. Humphrey Dan
iel, publicity. Mrs. David Mar
tineau. assistant publicity;
Mrs. Roy James, radio and TV:
Mrs. John Wellbrock, adver-
Using: Mrs. Richard England,
poster: Mrs. Frank Rogers. A.
nance; Mrs. Samuel Hallett.
affiliated church groups; Mrs.
George M. Ferris. junior host
ess. and Mrs. Roy Layton,
Girl and Boy Scout chairman.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-25

general chairman Of the tour
for the benefit of the Good
will Industries building fund.
Mrs. James Murray. guild
president, recently entertained
at a tea In her home to in
troduce chairmen of the vari-
Gus tour committees to Mrs.
Rabb. Committee chairmen in
clude: Mrs. OSmund Varela,
invitation and tickets; Mrs.
Paul Porter. sponsors; Mrs.
John G. Ladd. presale tickets:
Miss Louise Gore, Mrs. Robert
Moore and Mrs. Maynard
Mickler. promotion; Mrs. Brax-
ton Jones. embassy hostess;
Mrs. Elmer Frazier, tea hostess;