davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
BUSINESS
BRIEFS

Iron Ore shipments over the
Great Lakes, slowed to a trickle
by the steel strike, totaled only
I2,665,548 tons last month, about
10 million tons under the nor
NAL July movement.
Business Firms reduced their
loans in the 5th district COM
Imercial banks last week, Federal
Reserve Bank of Richmond re-
ports. Commercial and indus
trial borrowers made net re-
payments of $2,768,000.
Federal Reserve Board reports
department store sales declined
last week in nine of the IL re-
serve districts. compared with
last year and dollar volume aver
aged about one per cent below
sales of the previous year.
U. S. Treasury has called on
the Nations largest and medium
sized banks for large payments
next week on its tax and loan
accounts. Payment will be based
on balances as of August /.
VitrO Corp. of America and
-Four Corners Uranium Corp. of
Denver have concluded a long
term agreement for Vitro to pro-
cess uranium ore mined by -Four
Corners.
Pennsylvania Railroad will
open bids on $6.873.00O of equip
ment trust certificates on August
is. The issue will be the second
and final installment on a block
of certificates amounting to $14,-
433, 900.
Freight car loadings during the
week the steel strike was in prog
ress ended July % totaled GAO, 8O6
cars, Association of American
Railroads reports.
Sylvania Electric Products,
Inc, will move its radio and
television division from Buffalo
to the company's Batavia, New
York, plant by the end of this
year.
Texas-U. S. Chemical Co. and
Goodrich-Gulf Chemicals, Inc,
will increase production of buta-
diene at their Port Neches,
Texas, plant by so per cent to
100000 tons annually.
Chrysler Corp. reports a de-
cline in earnings of more than 20
per cent for the first half of this
year compared with last year.
Earnings were $18,671,471 or
$2.14 a share VS.. $70,O10,642 or
$8.04 a share.
For Six M0nfhS Ended lima an
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
Studeboker-Pockord
Deal Near Completion

Churchill, vice president Of
IStudebaker-Packard and general
manager of Studebaker division.
lis scheduled to become the pres
.ident of SIP. with Roy Hurley.
head of Curtiss- Wright, as board
chairman.
The arrangement that would
keep Studebaker-Packard in the
auto business needs approval of
SIP stockholders. It is estimat-
ed six weeks will be required
to set up the machinery to get
this approval.
There is little question this
approval will be given. The SIP
shareholders have no alterna-
tive other than liquidation Of
their company.
The defense contract involved
in the arrangement between the.
Pioneer Aircraft Co. and the auto
company is for production Of
J-57 airplane engines.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
PEOPLE
in
BUSINESS

Business Leaders Named Il
help in the Sibley Hospital fund.
drive include: Richmond Gibson
president of Northwestern Fed.
Ieral Savings and Loan Associa.
ton, chairman of the saving.
and loan division; Thomas Ang.
lin Of Mackall g. Coe, chairman
of investment brokers' division,
James E. Allen, executive vice
president. Henry Gilpin Whole.
sale Drug Co., chairman Of
wholesale drugs division.
S. g. w. Cafeterias presented
IA watch to S. Grady Putnam
manager of its Washington cafe.
terra at 1925 @ street NV, or
his 25th anniversary with the
chain.
Chesapeake a. Potomac Tele.
phone Co. presented a diamond
emblem to Francis D. Courtney
service engineer, on completion
OF IS years Of service with the
company. =
w. l.. Maxson Corp. has in
creased territory Of its Wash
ington Office TO the entire SOUTH
eastern part of the United States
Rear Admiral Kenneth H. Noble
retired, has been assigned as
adviser on military requirements
here.
AVCO Manufacturing Corp.
has named Robert L. Eichberg
administrative assistant to the
director Of applied research and
advanced development division
He formerly was with the Navy
photographic Office here.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03

DETROIT. Aug 8. (P).-For
all practical purposes Curtiss-
Wright Corp. now is in control
'of Studebaker-Packard Corp.
Formal announcement that
the deal has been completed
awaits only completion of the
final phases of a half billion
dollar defense contract award to
Curtiss-Wright. Several top lev
Iel Studebaker- Packard execu-
tiveS already have left the COR
poration; a number of Curtiss-
Wright representatives are al
ready busy in the SIP execu-
tive Offices here.
1t is understood, but not adj
|mitted at the SIP offices, that
the designations of Paul G. Hoff =
man and James j. Nance as
board chairman and president,
respectively. of Studebaker-
Packard have been rendered. 1t
is also understood that Harold
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
Thuckuru Named
AS Representative
For Chase Bank

James j. Thackara has beer
appointed Washington repre-.
sentative for the Chase Man
haitian Bank, it was announced
yesterday.
From 1916 to 1855 he was
senior economist in the Latin
American division of the In
ternational Monetary Fund,
Recently he has been an eco
nomic adviser with the American
Overseas Finance Corp.
During World War II he was
a naval officer serving in liaison
with the Brazilian Navy. He is
IA graduate of Harvard and
George Washington Universities.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
HAhULU NJ, UULDF EJEH
Metro Drug Builds
Seventh Store and
Plans Three More

Ground has been broken for
a new Metro Drug Store in
Fredericksburg. Va, which will
be the seventh store in the chain.
and three more stores will be
added in the next six months.
This was announced yesterday
by Harold M. Goldfeder. presi-
dent of the rapidly growing area
chain. who estimated 1856 vol
ume will come close to SIS mil
lion.
| Mr.. Goldfeder acquired his
first store, Patrick's Pharmacy
in Riverdale, Md, in 1916 and
added the La Plata Drug Co. at
La Plata in 1949. The Indian.
head Pharmacy was started in
1949.
Pearson's Pharmacy at 2448
Wisconsin avenue NV. and Riv-
erdale Pharmacy at Riverdale
were added in 1855 and Marlboro
Drug Co. at Upper Marlboro was
acquired earlier this year.
Leo Goldfeder is secretary Of
the firm. Lawrence G.. Heller
and Maurice Smith, also regis
tered pharmacists. are vice pres
idents. Stores are served from
a warehouse at Riverdale.
The Fredericksburg store will
be the first to carry the name
Metro Drug Store and will open
in November. 1t will have 1000
square feet, all aforementioned.
President Goldfeder went
through Temple University
School of Pharmacy on schol-
arship and served in the Navy
i'll World War II. He is national
chaplain of Alpha Zeta Omega
Pharmaceutical Fraternity, a
member of the executive com.
mittee of the Maryland Phar-
maceutical Association and was
founder and first president of
the Prince Georges-Montgomery
Pharmaceutical Association two
years ago. He is a director Of
the Hebrew Academy of WASH
ington and Beth Sholam Con.
gregation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
TiIts
Downward in
Active Trading

NEW YORK. Aug. 3 (P).-The
stock market tilted downward
early this afternoon in fairly
active trading.
Pivotal stocks were off frac-
lions to a point for the most
part. Among special situations
there were movements of 3 or
a points either way.
The market was mixed at the
start but prices gradually eroded.
There was liberal sprinkling of
gamers.
Latest developments in the
Suez Canal situation were de-
pressing to international oils.
Tightening credit in the money
market and other news items
created some hesitancy.
SteelS were generally lower
rails were mixed while aluminums
and coppers were firm. Motors
eased slightly.
While Britain and France
rushed mobilization measures and
at the same time set in motion a
24-nation conference on the Suez
Canal, oils with heavy interests
in the near east declined sharply
Royal Dutch was down around 3
points and Gulf Oil close to 4.
Standard Oil New Jersey) and
Texas Co. dipped about point
each. Amerada. however, gained
around a point in heavy turn
over.
Republic. Bethlehem and
United States Steel eased frac-
tionally. General Motors and
Chrysler were off a trifie.
Among rails. Northern Pacific
and Baltimore g. Ohio gained
while Santa Fe and Southern
Railway were down.
Anaconda and Phelps Dodge
made fractional gains. ALUMNI
mum Ltd. was up around a point
Kaiser Aluminium and Reynolds
Metals were firm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
For Six Months Ended June 30
NEW YORK PRODUCE

NEW YORK. Aug. 8 0P (uSDA.-
Wholesale egg prices were weak today
Receipts $500, Wholesale selling price,
based on exchange and other volume
cludes MidWestern:
Mixed colors. Extras 1880 lbs)
Al 12-43; extras large t45-4s lbsl. 40.
Al hai extras medium. 36-37. standard,
large, 31-3Si dirties. 1888, checks,
81 r2-33.
Whites: Extras (IS-5O lbs), 491s-
RIA extras Iarge (45-4S ibsi, 4l-4212;
extras medium. 31lz-3s
Browns. 1850 lbsJ,45-4B.
Includes nearby.
Whites Top quality (4s-5O lbs), a.
Ash. mediums 35Iz-3Sla; smalls a5Iz-
- .; peewees, 1913
Browns Top quality $3.50 lbsl,
46i2-47i7; mediums, 40h-41Ia. Smails
81 -32i peewees 1913
Butter steady. prices UNCHANGED. Re-
ceiptS Asa 900
cheese steady. prices UNCHANGED. Re-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
Maker Of Newsprint
Fears Overproduction

VANCOUVER. British OF
Columbia, Aug. 3 tP.--James d
IZellerbach Of San Francisco
president Of Crown Zellerbach
Corp, says he believes the news.
print and pulp business will be
in state of reproduction
within two years.
Mr.. zellerbach told newsmen
a price war could develop unless
the industry is wise about IT,"
The remedy. he said. is To
hold expansion for a year or
two, and, If necessary. curtail
output to "85 or 80 per cent OF
what it is now"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
Business Sees
Gains Based on
Bigger Incomes
BY SAM DAWSON
Associated Press Financial Write

!
NEW YORK, Aug. 8 (P)-
Businessmen may find the hunt.
happy this fall because con,
sumers seem likely to hay,
money to spend.
Payroll totals have been risins
this year and many individual
Ipaychecks are set to rise again
tIhls is far from universal bu
Itheren be enough more money
Iaround to make a difference t.
the merchants.
Farmers should have NOR
cash on hand-from soil banl
payments and other govern.
mental supports as well as from
higher prices on some of thei,
products.
II you're among the fortunate
with more income, from what.
ever Source-paycheck, dividends
interest, rents-you will have {
wider choice of things to spenc
this additional money for. Anc
some of the goods and service!
Will carry slightly higher price
tags.
Merchants Worried
What worries the merchant.
and those in the service indus.
tries today is how you'll handle
this new cash: how much will
Igo for goods and conveniences
how much will go into savings
into stocks and other invest.
ments. and how much will Just
disappear down the drain of pay.
ing UP old contracted debts.
On the eve of the steel strike
the Commerce Department re.
ports, personal income totals hac
risen to record annual rate Of
1924 billion. This was $l8 bill.
lion higher than in June, 1866
The gain was particularly strong
in communicating industries
Dividend and interest payments
in the first half of this year
topped 1855 by SO billion.
Much of the increased spend
ing money went right into retail
trade, which has been comfort
ably above last years level.
Some of the increased personal
income never reached the spend
able stage. since the tax col
lector was there to take a hunk
of it.
More of what was left over has
been going into savings of late
Most forms of savings show a
good gain.
Loans Repaid
Billions have been put into re-
payments of money borrowed
last year in the big buying-on-
IlIIle spree.
Much has gone into buying of
stocks and into other invest
ments. The total of corporate
securities floated in the first half
of this year is around "a million,
although only part of this found
a final resting place in individual
hands.
Many observers look for a pick
up in business to start after the
Labor Day holiday, with more
all around-by in
dividuals, by business.
Whether these dreams come
true depends to a large extent
on consumer psychology. If con-
fidence grows that good times
will continue, the consumer may
spend more this fall.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
CHICAGO GRAIN

NEW YORK. Aug. 3 IA small
volume OF hedging and profit-taking, the
Iatter attracted by the price advance
eeaIller tnis week. depressed cotton
futures 2 few points during forenoon
oeaIlngs today. Many dealers. however
aaopted sidelines position, pending re-,
astS OF aodltlonal private cotton crop
eStImales The average of private fore
casts released to date is for a 1856 crop
Noon prices were Is cents a hale
lower TO D cents higher than the prev.
Gus close. October. 30. SO; Decemher
32.69. and March. 32.67. 'e''
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03

Hourly Sales on the EIehangs
IL 90 am A6o 600 IL noon eio ooc
100 ON ] gao 600 600 ON o 600 ooc
tUnit Of tradins 10 shares or sales In
full; Rates Of dividends In the foregoing
table are annual disbursements based on
the last quarterly or semi-annuai deeia-
ration Unless otherwise noted special
or extra dividends are not included
a Also extra pr extras Annual rate
plus stock dividend d Declared or paid
IN 1900 oluS stock dividend Declared
o. PAID 80 lar this year Payable IN
STOCK during 1859 estimated cash value
on ex.dividend or Redistribution date
2 Paio last year b Declared or paid
after stock uiyideno or split-up De-
CARED or raid this year an accumula.
i've ISSUE with dividends in arrears
2 Pad this ear dividend omitted de-.
ierred or no action taken at last dlyi-
dena meetina Declared or paid In 1888
plus stock dividend { Payable In stock
olrinz a3b estimated cash value on ex.
dividend Or ex-dlStribution date Liaui.
datins dividend cid Called xES divl.
nend x.dk x distribution ~ Ex rights
~ WITHOUT warrants wv With warrants
wd When distributed vi When issued
I'D Next day delivery 'in bankruptcy or
reeeiyership or being reorEaulStd unaef
the Bankruptcy Act or 6ecufities A..
tamea ~ saeh companies.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
FOREIGN EXCHANGE

NEW YORK. Aug. 3 1Y.-Foreign ex.
change rates follow. Great Britain IN
dollars, others IN cents unchanged un.
Canadian dollar in New York open
market Il per cent premium Of
Europe Great Britain ipoundl
up -, .60-dsy futures 277ls, up 4
9p.day futures 5Bll up Il Belgium
franel 200ll France flfancl asss.
20 50; Holland ,guiider5 81 ~, on Voi,.
itaiv tliraJ 1874 Portugal lescudol
3 80; Sweden fkronsl 1924 Switzerland
frame Cfreel 1884. Denmark krone
1850
Latin America Argentina free 335,
Brazil free 30; Mexico SOL; Vene-
zuela lholiyaD 80 na
Far East Hong Kong dollar 1880.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
Cool Pipeline Made

CLEVELAND-A pipeline is
being constructed for transport
ing finely ground coal from
Cadiz, Ohio. TO Cleveland at a
speed OF about 3ls miles an
hour The l00-mile. l0-inch-
diameter line will carry ground
coal mixed with water.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
Insurance Firms Merge

NEW YORK. Aug. 3 Rl.-Di-
lrectors Of the American Insur-
ance Co. Of Newark. N. j.. and
the American Automobile Insur-
lance Co. Of 81. Louis have APP
proved a merger Of the two COM
panies. 1t was announced today.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
Cool Output Up

Bltuminous production for the
week ended July 20 was about
9,o25,000 tons against million
tons in the period ended July 81,
the National Coal Association
estimated today.
Production January / through
July % was about 28i, 685. 900
tons compared with 254,940, 900
tons a year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
oDD-LOT DEALINGS

NEW YORK. Aug. H9.-The New
York Stock Exchanse reported today
these odd.lot transactions BY principal
purchases of 96Jt56 shares sales Of
223 7i2 shares, including 1879 sharsi
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
METAL QUOTATIONS.

NEW YORK, Aug. , s.--epot non.
ferrous metal prices today Copper
~ z.4O cents pound. Connecticut
Valley Lead 10 cents pound New
YORK Zinc i3i7 cents a pound East 81
LOUIS. Tin psis cents q pound. Neu
1ork oreign silver sOis cents per TROY
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
NEW YORK BOND MARKET
furnished By the Associated LIST INCLUDES
DOMESTIC

DOMESTIC
Aldens Inc 4ias 20
Alleg Corp 5s 81
Allied Chem 3las "a
Alcoa 3lss GA
Alcoa is 20
Am g. FTP IS 2030
Am a. FP 4.S0s 81
AmMch&Fdy 4l4s 81
Am TAT 37as 81
/ Am TIT 33ss 70
Am TIT 3l4s "a
Am Tobacco IS 90
Am Tobacco IS SO
Armour IS "a
| Atchison As 90
Att Rein 314s 10
B g. o 4laS 2010
Balt&O hio4 las2010A
Balt&Ohio As SOB
Ben Ind [ 2ias Al
Beth Stl 3l4s 80
Bos g. Me 4I2s 70
Bos a. Me 4s 60
Brk UN Gas gas rs
Can Pac As perp
Cen RR NJ 3hsS7
Chi B & @ 4s58
! CMSP&Pac 5s 2055
lCMSP&Pac 4las2044
Cities Svc IS N
tCCC g. 81 4ias n
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
DIVIDENDS

announced;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-03
D. c. SECURITIES

SALES
Wash Gas conn at 40. 10 at 399s.
Pol Elec Pwr cont at 70, 20 at :!34.
30 at 23l4, 100 at 23A.
WASH Gas Cnnl--lEn al .iAa.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-17

the floor to Willie, until he got tired By the time
Willie was three father and son were playing
catch. At six, Willie was SO eager to get ahead
with baseball that he could not wait for the old
man to come home. The rest is Big League history.
Will Rogers, Jr., followed in his fathers foot
steps in another way - by playing Will, ST., in
the movie, THE Will Rogers Story
On the other hand, couple of famous men did
pretty well by refusing to be bent The late
Dale Carnegie shattered his fathers dream that
his future be dedicated to running the family'S
Missouri farm Dale skipped off to New York
and took up his author-ecturing career And
Bernard Baruch's father, DIR. Simon Baruch, fer
vently wanted his son to follow medicine. Instead,
Mr. Baruch became fabulous fnancier and an
adviser to Presidents.
At the opposite extreme from the twig-benders
are the cruSty souls who howl down their own pro-
LESSONS and insist that their sons follow something
else - anything elSe When William Hammer
stein, father of Oscar, lay dying, he came out of
his coma long enough to instruct his wife: Watch
over young Oscar. He has great name, but never
let him get near the stage"
So, from beyond this mortal coil, Mr. Hammer
stein tried to abort his sons career. HammeTsteins
father may still be rotating in his grave for, as
everyone knows. Oscar grew up to write the lyrics
of "OklahomaT' and South Pacific"
''Be An Undertakerl''
Wladziu Liberace is another muSically inclined
son who rebelled against paternal plotting.
Papa Salvatore Liberace, an explosive musician
who played the French horn, had lost his theater-
orchestra job with the advent Of talking pictures
Prolonged unemployment convinced him that
music was indeed precarious profession. Con-
sequently, he waxed volcanic whenever he spied
young Wladzu banging away with inhuman zeal
at the upright piano in the family parlor.
Forget the muSici" he commanded. YOU'RE
going to be an undertaken. It's good business"
Papa Liberace's blueprints for his sons future
as mortician went up in smoke one day when
young Wladzu obtained tryout for two-week
vaudeville job in - Continued on page 20
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-17
which sons Follow In
Dads Foossteps7

These figures, based on study of 5000 col
Iege students, show fathers occupations and
percentage of sons planning to follow each.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-17

taking up teaching. Here are few examples:
THE paid vacations give you fine chance to
travel and have change of job for time" 1T
certainly gives me an opportunity to keep on
learning = and that's what / want -. dad
does lot of things on the side when he's teaching,
like writing. hope to do the same -. Il want
to be around kids. 1t helps you stay young
"Twig-Bending": Pro And Con
According to the Gilbert report, only about three
sons out of every 20 who have doctors for fathers
want to follow suit These sample comments
explain the low ratio:
st takes too long to become a DOCTOR -.
''Your life isn't your own for minute. You have
to get up in the middle of the night, never get
vacations" -. IF you want to be,a doctor, you
have to take up accounting or law to get people
to pay their bills
Whether it is healthy for young man to follow
his fathers footsteps can be argued from now
until doomsday, with plenty of impressive exam
pies both pro and con. SociologiSts feel that
''twig-benders" = strong-wiled fathers who insist
on jamming their SONS into their own shoes -
generally succeed only in stirring up revolt But
there are cases where even twg-bending has
proved successful.
The story of popular evangelist Billy Graham
is case in point. From the start his piouS father
was determined that Billy would grow up to enter
the ministry. To plant his sons feet firmly on the
path of truth and righteousness, Graham Sr. once
gave Billy hiding in church with his broad
leather belt for fdgeting during the sermon.
Another time, when young Billy slipped some
wine left in the Communion cups, Bily's father
bought case of beer. Then, in an atmosphere Of
ritual sacrifice, he forced Billy to guzzle bottle
after bottle until he was sick. Young Graham has
never touched drop of liquor since.
Willie Mays, voted in 1854 the National
Leagues Most Valuable Player, is another twig
who grew into the tree dreamed of by his father
Willie was only IL months old when Willie Sr.
began teaching him the game. Every afternoon
the father would come home from the steel mill
where he worked, get out ball and roll it across
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-22

let 1880. painting class ever
Thursday ct the same hour
cards, and games next Thursday
More interesting still. some Of
the women have formed q elee
club and win 90 on television In
February. The Women Of st
Adams have asked the Club tc
join them for o fashion show on
|St. Valentines Day.
Square dancing and dramatica
ARE conducted by some Of tn
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-22

clubs. 30 wherever you 90 you are
bound to ind something that viii
amuse you or interest you. Lee
lures. book reviews and various
other crafts are also offered.
With 81 Clubs for the elderly in
the Metropolitan Area it should
not be too hard to find the one Of
your choice.
Prepared By the Committee on ths
! Asing. United Community Services.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-22
Adult Closes Start

Catholic university's eight.
week spring course Of adult edu-
cation classes. held in ct. Pat
|rick's Hall. s24 @ street NV
and in Mcmahon Hall ON the
university campus. win begin To-
morrow. Glasses in 10 different
subjects are held Monday
Through Friday evenings.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-22
GOING LIKE so
Clubs Offer
Arts, Crufts

Do you know how exciting
Super Sixty Clubs can be7 II not
read this schedule at st. Adams
IJewelry making every Tuesday
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-22

that's fun to handle. And the closest
thing to sports car performance-split-
second steering reaction and the knack
of holding fast around corners and curves
that you'll find in a full-size automo-
bile. Utilitarian7 Yes. A real road car?
Most emphatically yesl And safer because
of it. Come in for ride and see.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-22

THE SUNDAY STAR, Washington, D. c.
SUNDAY, JANUARY e. 1853