davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-05
Pierce to Represent
Chemical Firm

American Cyanamid Co. has
named DR.. Elliot S. Pierce as its
technical representative here tx
succeed DR.. Paul F. Hopper, who
has been appointed manager Of
consumer product development
in the Fine Chemicals Division
AS Cyanamid's representative
DR.. Pierce will assist in the ex-
change Of information and CO.
ordinate relationships between
the company's technical stats
and those of more than so Gov
|ernment agencies and depart.
|mentS.
He joined the company in 1861
and has been in the New York
office. He is graduate Of Yale
and served for a time as chem
istry instructor at the University
|of Massachusetts,.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-05

whose sole interest is cash. They
make their own surveys, reach
their own opinions. The odds in
dictate this is no runaway race
no matter what the Republicans
claim"
Real Issues Involved
Second, the odds suggest that
the personality of Gen. Eisen-
hover is hardly the whole"
campaign. for If it were the odds
would be twice or three times as
wide There are real issues in.
volved and the big economic
ones emphasized in Wall Street
are:
The pockets of discontent--in
farm areas. long depressed re-
lgions, cities where unemploy-
ment has been substantial. It's
Impossible to estimate the depth
or width of these pockets" but
they contain great numbers of
voters and the Democrats will
concentrate on them.
The tight money" issue-the
squeeze on credit. The Admins
|tration will be on the defensive
|here-and this issue could be
explosive.
The renewed upsurge in the
cost of living. The Republicans
will find this trend hard to
minimize.
And third. the point made by
every man ! checked was that
these odds wouldn't hold for two
minutes should Gen. Eisenhower
suffer even minor illness before
election day. A typical comment:
Stevenson can get a stomach
ache or look exhausted on TV
and it won't make any difference.
But Eisenhower must stay WE'LL"
Enough of this serious analy-
sis, however. The main point of
this report is to bring you the
professional oddS--in case you
want to make some friendly bets
on your own. If and when the
odds change from time to time.
Ill try to keep you informed.
copyright 1866, Hall Syndicate, Incl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-05
FOREIGN EXCHANGE

NEW YORK. Sept. 5 R.-Foreisr
exchange rates follow, Great Britain In
wise noted:
Canadian dollar in New York oper
market 1872 per cent premium OF
1o2. 03ls U. 8. cents, up ! L32. :.
77 gssa S0 on .ils$ 80 ae DAY sia future,
a aSs1E$sss oS "a s$; B. ssls faS fH rsR:I
Germany WESTERN (deutsche mark
%; 80: Holland (guilderl 6.12ia, Oh
;0Ola; Italy qtraI .,I6A Of 9 cent
1894: Switzerland (franc) (free) 1884
Denmark (kronel 1850.
Latin America; Argentina freel 3.25
up OF; Brazil (free) | 40; Mexico S.01
Venezuela tbolivarl 3u.O3
Far East; Hons Kong dollar 17.45.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-05
d. C. Store Collections
Off Slightly in July
Life Underwriters Plan
Drive for Membership

July collections on charge &C.
counts of Washington depart
ment stores amounted to 49,:
per cent of July / receivables
compared with 44.2 per cent ir
the previous month and 42.5 pei
cent in July last year, the Fed
|eral Reserve Bank of Richmond
reported.
The months collections on in
|stallment accounts amounted tt
l2.5 per cent OF July l receiv-
ables. compared with 1876 pei
cent. in the previous month and
13.5 per cent in July, 1855.
The stores inventories on July
81 were al per cent above the
same 1855 date. Their outstand-
ing merchandise orders were up
27.4 per cent from a year earlier,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-05
NEW YORK PRODUCE

NEW YORK. Sept. 5 lP,.-(UsDAJ-
5utter steady: Receipts. 1,219,O00
Cheese steady. Receipts. 69s, 900
Prices Unclaimed.
Wholesale egg prices steady to weak
Receipts. 24,2Q0.. New York spot quota.
tons follow: Midwestern: Mixed colors:
Extras $3.50 lbs.l. 46-46: extra large
(45-4S lbs). 43-45: extras medium
3l-3l "a; snalls, 2o-Gl: standards. large,
Whites. Extras (4s-50 ihs.), 37-3s:
extras large l45-4S lbs). 45-46; extras
medium. 1888. Browns: Extras (4S-5O
lhs). 47-49.
Nearby: Whites: Top quality (4s-5O
lbs,(. $3.50: mediums, 32la-33: smalis,
21lz-22; peewees. 17-1S. Browns: TOP
quality $3.50 lbs.) 5212-54: mediums,
33la-34: smalis. 26-27. peewees. l7-IS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-05

ana Two noorS are being con-
structed in the space formerly
occupied by the 40-foot lobby
and the mezzanine.
An escalator believed to be the
first installed by any Washing
ton bank will connect the first
and second floors, both of which
will house services often found
on the first floor of banks. A
high-speed elevator and a STAIR
way will be added in the front
of the building.
New Entrance Eliminates
That Tricky Step
The entrance long familiar to
bank patrons has been moved
closer to the corner and the step
upon which some have tripped in
the past will be eliminated.
Eleven teller windows will re-
place the present seven on the
first floor and will be occupied
by paying, receiving and payroll
tellers. The second floor will
house the loan department, COL
lections, savings, bonds and the
exchange department, which
handles cashiers checks, money
orders, bank drafts, etc.
The consumer credit depart
ment will occupy most of the
third floor except for space de-
voted to auditing and account
ing. The fourth floor will house
bookkeeping. The trust depart
ment, new board room and an
employees lunchroom will be on
the fifth floor.
The lower part of the banks
front on Fifteenth street will be
faced with marble, the old clock
and window will be replaced by
a modern timepiece with an i'm
preSsive marble background. The
additional story on top will be
In keeping with the design of
the present building.
Mr.. Vandoren said that the
Bank Building and Equipment
Corp. Of America. which has the
remodeling contract, will install
some interesting new equipment.
Tellers' windows will be of saw
tooth design to provide more
space.
All public lobby space in the
safety deposit department in the
basement and on the first, Sec
ond and third floors will have
wall-to-wall carpeting.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-05
VISIBLE GRAIN

CHICAGO, Sept. W.-visibIe sup
ply Of wheat increased 4.335. 900 bushels
to 41S,S44.000 bushels this week, the
creased 655,000 to 1864, 900 bushels,
loats increased I.522,000 to 31,03S, 900,
rye decreased 231 900 to 1888, 900,
barley increased 995.O00 to 16.437 900
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-05
Eastman Dillon Starts
Operations After Merger

Eastman Dillon, Union Securi-
ties Co. commenced operations
yesterday under its new name
and announced a new slate OF
general and limited partners.
The company. which is a COM
bination Of Union Securities
Corp. and Eastman. Dillon 4.
Co. has capital in excess Of SIT
million. according to Lloyd S.
Gilmour and Joseph H. King,
senior partners.
With Offices in New York,
Philadelphia. Baltimore. Boston,
Hartford. Buffalo. Cleveland.
Chicago. Los Angeles ano
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-05
Richards to Retire as Head
Of Industrial Association

Commodore John K. Richards,
USN retired, announced last
night that he will retire as exec
utive director Of the National
Security Industrial Association
effective September 80.
Commodore Richards. who
celebrated his 65th birthday last
April, said he expected his sue
cessor would be announced by
the executive committee at the
18th annual meeting of the asso-
citation in New York City Sep
TENDER 20.
The NSIA was founded in 1914
as the Navy Industrial Associa-
ton at the suggestion Of the late
James Forrestal, then Secretary
Of the Navy. Commodore Rich
ards has been executive secre-
tary since the start.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-05

smaller cities, the firm antici-
pates greatly expanded business
both in the investment banking
field and its brokerage business
the senior partners declare. II
is a member of the New York
Stock Exchange and other lead
ing exchanges.
Life Underwriters Plan
Drive for Membership
Frederick v. McNair, III,
membership chairman for the
District Life Underwriters Asso-
citation, has launched a drive to
strengthen the local association
prior to the. annual convention
of the National Life Under
writer's Association here Sep
TENDER %.
Mr.. McNair has asked each
present member to sign up a
new member for the District
association in the next three
weeks. Outstanding speakers
have been scheduled for the six
luncheons during the coming
year, he said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-05
'' n BUSINESS
$750,000 Job to Double
Liberty National Space
BY DONALD B. HADLEY

The Liberty National Bank has begun major remodeng
which will than double the size of its Office Fifteenth
and / STREETS NV. at a cost OF around $750000.
Five full floors will replace the floors
canine with completion expected by next President W.
Vandoren said today
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-05
Retailers Protest Use
of Discount CataIOgs

Industrial plants that are ac-
cepting discount catalogs for
presentation to employees should
discontinue this unfair form of
competition, declares the Ma
tional Retail Dry Goods ASsocia-
ton in a notice to members.
Retailers committees are call
ing on plant arrangements per-
hitting the practice, the NRDGA
says. The catalogs go to person
mel officers of large plants all
over the country and making
them available to employees is
considered a fringe benefit in
some PLANTS.
Retailers also have protested
to manufacturers helping to pay
the cost Of these catalogs
through advertising in them.
According to reports from
Chicago, the Nations capital for
discount catalog houses. the new
books for fall will be bigger and
better" One discounter reports
Were finding the manufac-
turerS very cooperative"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-05
Need for American Coal
Seen in Western Europe

Western Europe is coming
back in a big way and her in
dustrial resurgence is keyed to
coal especially the metallurgical
kind that will make good steel, :"
declared President Walter j.
Tuohy of the Chesapeake &
Ohio Railway on his return from
q trip abroad.
mo other country but Amer
ica can supply that product. in
the high quality and growing
quantities which Europe will re-
quire for a long time to come"
he added.
In an article repaired for the
magazine BLACK Diamond" Mr..
Tuohy says the newly-formed
American Coal Shipping, Inc. is
"uppermoSt in the minds of the
European industrial community
as a source of help in assuring a
stable and continuing movement
of coal for Europe's expansion. I"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-05
MUTUAL FUNDS

NEW YORK. Sept. 5 (9.-CNational
Association Securities Dealers, Incl:
Moon ouOtationsl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-05
IN YOUR BEDROOM
IN YOUR PLAYRooM

Your Service Representative will be glad to take your order
just call your Business Office.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-07
.SteeIs, Motors,
Oils Lead Rise
In Stock LIST

NEW YORK. June 7 (P).-
The stock market advanced to-
day with the steels, motors. and
the oils out in front of the rise.
BY far the greatest number of
gains were fractional, but there
were a few key issues that
pushed up around 8 points.
Losses we're between and Q
points at the most.
The interest of buyers sharp
ened as prices rose. and business
hit pace around 1850, 900
shares for the day. That COM
pares with 1.460,000 shares
traded in yesterdays lower mar
ket. Expansion of trading at
higher prices was considered a
bullish development.
Steels, motors and oils were
out in front of the advance, but
they had excellent support from
the aircrafts, radio televisions,
utilities, nonferrous metals.
chemicals, airlines, and the rail-
roads.
At noon the Associated Press
average of so stocks was up 80
cents at $179.60.
Corporate bonds were irregu-
lar. Uniteo States Governments
were higher.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-07
Trinidud Oil Stocks
Squirt on Report
Of Texas Co. Bid

LONDON. June 7 R.-The
price of Trinidad Oil stocks
Jumped 80 shillingS ($4.20) a
share soon after the stock ex-
change opened today on the
news that the giant Texas COM
|pany of America had bid to buy
the British owned firm.
Simon J.. Vos, chairman of
Trinidad Oil, disclosed last
night that Texas had bid
sits million for the company,
the largest oil producer in the
island. Trinidad also has a
number of oil development prof.
ects in Canada.
The financial editor of The
Evening Star said: THE size of
the bid was enough to stagger
the market. 1t was 80 shillings
and 3 pence (about $l1.24) a
share for all the capital consist
ing of nearly Is million shares. -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-07
BUSINESS
BRIEFS

Bank clearings in the week
ended Wednesday totaled $22,.
470. $4,000 compared with $18,-
295, 100000 in the preceding
week and $19,603, 088, 900 in the
like week in 1955.-Dun g. Brad
street.
Wholesalers sales in April de-
clined to total of $4,000, 0O0, 00O
compared to the March total OF
$10,200,000,000, the Commerce
Deartment reported, adding the
drop was less than seasonally
expected.
Open-end investment COM
panies mutual funds in the
Nation added net of SIG mil
lion to their holdings of common
stocks during May when the
stock market experienced a Sc
we're drop. the investment COM
pany association announced.
Manufacturing chemists esti-
mate America will need 1880 ,000
scientists and engineers by 1865
but will have only 1928, 900. In
a survey report the association
says the Nation now has 884, 900
such professional people, with
7l3, 900 in industry.
Life Savers Corp. merger with
Beech-Nut packing was reported
approved in principle by the
management of the two con-
Germs.
Commercial and industrial
loans decreased during the week
ended May 80 by 5000 million
lat reporting member banks in
leading cities, lowering the total
of such loans at these banks to
$27, 1907 million. - Federal Re-
serve Board.
A Stockholders Action Com
mittee unseated the manage
ment of Alaska Juneau Gold
Mining Co. by electing four out
of seven directors at the post
poned annual meeting.
Crane Co. announced that it
has sold half interest in its
ltitanium producing subsidiary
Cramet, Inc, to Republic Steel
Corp.
Book Value Of Stocks in the
hands of manufacturers, whole
salers and retailers was esti-
mated at S85. 700, 100000 reflect
ing the increase in inventories
that began late in 1954.-Com-
merce Department.
Falling-Of in Business during
the next six months is predicted
by the New York State Society
Iof Certified Public Accountants.
Crude Oil and Lease conden-
safe daily average production
in the United States decreased
1880 barrels in the week ended
June i, totaling 1887. and COM
pared with 6,95l $50 barrels a
year ago.-Petroleum Institute.
Emerson Radio reports for 26
weeks ended April % net income
of $3l7.666, equal to l6 cents o
share, compared with $1,1l1,98l
or 81 cents a share.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-07

tive" moves which. in the Pres
Iident's words, will make it
easier for new businesses to be
Established" and will foster the
growth of small concerns"
Its political objective: to an
swer the Democrats charge that
during this Administration, small
business has consistently lost
ground to big business.
don't know how long this
committee will take to come up
with some concrete proposals, al
though 1 pray it doesn't dawdle.
The small businessman really is
in a brutal money, manpower,
materials. research and tax
squeeze today.
But even before the group gets
to work, l do know that some
highly worthwhile moves can be
made and quickly. With a low
bow to the big brains on the
committee, I respectfully suggest
they think about:
/. Special tax relief to small
business - meaning businesses
with gross earnings under an
Iagreed-upon total.
2. Definite and broad steps to
make it easier for small business
men to get the cash they must
have to compete and expand.
The banking powers of the
SBA could be strengthened so
the agency could cooperate with
private institutions in extending
larger loans for longer periods.
Or a new system of Federally
sponsored banks might be set up
to concentrate on financing
small business.
90 More moves to assist small
firms in competing with the
giants on research and new
products.
This is a vital need. While
the SBA is doing a bit through
its Products Assistance Pro-
gram" its efforts are painfully
restricted. The SBA or another
agency should be given the au-
thority and means, as Barnes
puts it, "to help small firms
overcome the great advantages
in research enjoyed by the larger
companies"
"a More defense contracts to
small business-and no fooling.
There is absolutely no reason
why more defense contracts can
not be channeled to efficient
smaller producers. Had Stude-
baker-Packard the contracts it
should and could have had-and
presumably now is belatedly get
ting-it never would have APP
preached the brink of bank
ruptcy.
go Tighten controls over
mergers, of course.
60 And coordination of the
many Government programs to
aid small business-now scat
tered all over Notwithstanding
one Federal agency under the
leadership of an official Of cab
met rank.
(Copyright 1856, the Hall Syndicate. Inc
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-07
CHICAGO GRAIN

CHICAGO. June z R.--Grains fell
lower on the Board Of Trade TODAY. in
fiuenced mostly by weakness in soybean
oils
Wheat at the start was easier on
scattered selling by commission houses
and local traders. Better harvesting
weather In Oklahoma and no moisture
in the southwest oyernight also was
factor in the decline.
Proiit-ta also appeared In the
corn and soybean markets.
Wheat stghe end OF the FIRST hour
unchanged 10 81 lower July Si 52M.
oats = to p lower July B4ss. rye UNI
changed tn ! lower. July 81 -. SOY.
beans u TO 3 lower. July - 0si7, and
lard 70 30 per 100 pounds lower.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-07
BALTIMORE
MARKETS
Quotations supplied BY the United

1Quotations supplied oy the United
States Department Of Agriculturel
Poultry: Market about steady on
generally fair for thu. heavy fresh d"I anu
Esa Hf sS 0 0Pe the hens s tSv sa TsSk
Carried offerings Of caponettes In slow
sale at 80 cents. Wholesale prices
per pound in Baltimore:
24-25aa. mostly 25; Hens: Heavy type
few %, light type II. Caponettes: Few
Livestock Markets
Cattle 500; salable receipts increased
by 30 head stock steers and around so
cows carried over around 50 per cent
OF these supply fed steers, these mainly
good and choice grade, only load or so
run cows and around & loads of stock
cattle on offer, trading on fed steers
and heifers. steady to so cents higher
compared Monday, cows and bulls mod
erately active. fully steady. not estab-
lished on stock cattle, part load Lila
10; prime steers with choice END at
90; most choice fed steers 977-1,1Sl
l6 % 99-23S0. mixed good and choice
good grade steers 747- 100 lbs. 1900
2u.50, few standard 990-1.100 ID.
1900 49, 30; choice heifers 700-S1S lbs.
i 50 90 utility dny and commercial cows
1880. Gamer and cutter cows 1000
1900. few shelly Gamers down to 500,
utility and commercial bulls l4.00-
1919. few 1900. head 6lS Id. good
Calves I75: salable supply increased
BY around so head carried from Wednes-
day: market not yet established.
soE HosS Sus st az per sem OF
dominately U. S; & 3 grade, opening
butchers steady at 1900. but market
carving weak undertone and not yet
Sheep rs; not enough sales to fully
establish a market. few choice 81 ID.
spring lambs 900, head utility IS
TO- spring la% Grain n S Market
Flour-Receipts, $3.50 100 pound
Whsat eat, sao 4SS,sl .I,. bushels;
3.795, 016 bushels No red winter
ggsrlieky. spot, domestic, S2,l1; No. B.
ments, 100000 bushels; stocks, 2,249.35l
oats-Receipts. e5,94e bushels; ship
ments, none; stocks 1910 bushels;
none; stocks. 1884 bushels.
Rye-Receipts, none; shipments, none;
stocks, 1928 bushels,
soy6esns@Receipts, none; shipmsents,
Millfeed--Recdipts. none.
Egg Market
Esgs: Market steady to firm. Prices
on large eggs | cent higher, mediums
"a cent higher. Demand fair to good
for fully adequate offerings Receipts
moderate to heavy. Undertone fully
steady.
Prices paid by FIRST receivers. deliv-
cred fob Baltimore. cases included:
Mediums. min. 80
Whites and mixed
large min 80 pct.
quality iO-4iI2 Al "a few 43
pct. A quality B9-3glz 3gla-40
Current receipts 34-35.l
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-07
NEW YORK COTTON

NEW YORK. June 7 R1.-cotton fu-
lures nuctuated In a narrow range dur
inR the forenoon today The market
improved slightly on New Orleans and
trade buying. with much OF the selling
attributed to local traders
leading spot Arm commenting on
the cotton crop said one or two good
rains In the Eastern Belt would be
helpful, the Central Belt generally needs
clear hot weather, while warmer weather
in the Far West would aid the crop
materially The hrm said that plant
ines and replantings are nearer COM
pletion than in recent years. with the
only exception BEING In the dryland areas
Of West Texas and Oklahoma, where Is
70 w per cent Is awaiting adequate
moisture to insure Rermination The
nrm observed that increased use in fer
tilizers per acre was reported in nearly
AZ seetions and IN most sections a
Noon prices we're 3 70 40 cents a
bale lower than the previous close. July
32 50
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-07

tunit Of traoinp 10 shares OF sales IN
fill Rates OF dividends In the forego.
inp tanls are annual disbursements based
on the last quarterly or semiannua'
declaration Unless otherwise noted
special OF extra dividends are not IN.
cluded Also extra or extras , An:
nual rate plus stock dividend Declared
Of pald IN 1885 Dius stoct dividend
Declared W paid so FAR this year
Payable in stock during 1895 estimat-
ed cash value an ex-diyldend OF ex-dis'
trbution date Paid last wear h De-
Shared o. paid after stock dividend r,
split up k Declared or paid this year
an accumulatlve issue with dividends In
arrears Paiu this year dividend
omitted deferred or no action taken :
last dividend meeting Declared or
paid in 1855 Plus stock dividend Pay.
able In stock during 1856 estimated
cash value on ex-dividend or ex-distribu.
ton date - LlapidatinF dividend cid
allied Ex-dividend x-dis Ex- distri-
button xr Ex-riEhts XIV without var.
rants WV with warrants wd When
day delivery I'm bankruptcy or receiv-
ership or being reorganized under the
Bankruptcy Act or securities assumed
b. such companies.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-07
YOUR
MONEYS WORTH
How to Aid Small Firms
eV SYLVIA PORTER

President Eisenhower has just
appointed-has at last appointed
"a top-level committee to tell
the Government what it should
do to help small business in
America survive and prosper.
Its status: the highest. Its
chairman is the Presidents
chief economic adviser, the bril-
liant Arthur F. Burns. On the
committee are three Cabinet
- Defense Secretary
Wilson, Commerce Secretary
Weeks. Labor Secretary Mitchell.
Its economic purpose: to rec
ommend additional construc-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-07
NEW YORK PRODUCE

NEW YORK. June z iPi- CUsDA) -
wholesale esq prices we're steady TO
hrm today, Receipts i5.400
Wholesale selling prices based on ex-
change and other volume sales
New York spot quotations follow lin.
cludes MidWestern).
fOls-4 "a: extras large t45-4s lbsb "a
80. extras medium $3.50; standards
large 31-3S. dirties 34-3b checks 1924
Whites. Extras $3.50 lbsD 1OH-52.
extras large l45-4s lbsl 3D-40; extras
medium 3S-3a
Browns Extras t4S-5O lbsl a2-43
Butter steady Receipts b5s,OOO.
Prices unchanged
Cheese steady Receipts none
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-07
ODD-LOT DEALINGS

NEW YORK June 2 Op,.--The New
York Stock Exchange reported to.
day these odd-lo transactions BY prin-
cipel dealers on the eNchange for June
1860 shares, including p22 shares
sold short.