davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-02-05
Federal Bonds
And Incorporates
Gain in Week
BY WARREN BENNETT

Associated Press Financial writer
NEW YORK, Feb. 4.-The
corporate bond market wound
up higher on balance this week
after relatively brisk trading
Treasury obligations advanced
ifractionally In rather dull deal
lings.
The Governments victory 21as
of December. ls72-67. inched UP
1892 for the week, closing Fri
day at 95 1892 bid. The 2las
of 1863 and the 30-year 314s
added 4f32 each at SO 2t32 and
LOG 2l32 bid. respectively. The
40-year IS advanced 6f32 for the
week, closing at 100 27t32 bid.
New York bank statistics re-
flected purchases Of Government
securities by the Ford Founda-
Il ton with proceeds Of its sale OF
400 million shares Of Ford
Motor Co. common stock. The
New York banks sold $470 mil
lion of Government obligations,
Much of this total presumably
went to the foundation. financial
circles said.
Corporate bond trading for
the week rose to $24.943. 800 par
value on the big board from $24.-
327 500 the previous week. This
compared with $l9.574.600 fol
the same week in 1855.
| Rails and utilities led the cor
Iporate advance. High quality
investment issues improved frac-
Itionaliy while industrial liens
eased a fraction.
Foreign dollar bonds were gen.
orally higher.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-02-05
Watch Out for Surprises
Worms Noted Forecoster
By WnLIAM A. MILLEN

DR.. Emerson P. Schmidt, direc-
tor Of economic research for the
Chamber OF Commerce Of the
United States. tags this warning
to his business forecasts, in spite
Iof his good record: Watch out
for surprises"
He disclaims any crystal ball.
says his best Judgment is based
on the best available informa-
tion-but his colleagues say he
has been consistently right.
What the American people VIII
do about purchasing automobiles
and color television and other
things in 1856 will have a vital
bearing on the Nations business,
DR.. Schmidt says.
DR.. Schmidt is the professional
economic adviser to some Of the
Nations leading businessmen.
Periodically he meets with the
national chambers Board Of Di-
lrectors - successful manufac-
Iturers, lawyers, insurance men
and others prominent In their
lines. He tells them what they
are likely to encounter tmmedi-
ately ahead. He usually confines
his, forecasts to six months In
the future.
New Booklet Prepared
DR.. Schmidt sums up his
philosophy thus In a booklet he
has prepared for businessmen;
Much Of what takes place Is
not only unforeseen but unfore-
Iseeable. In the margin Of every
forecast on every page might be
written the annexation: Watch
out for surprises
But again it must be stressed
that regardless Of the impreci-
sion Of the art of forecasting, the
business executive must size UP
the future and every policy de-
Icision is an exercise In fore
casting"
Controls Advocated
Or. Schmidt came to the
chamber in January. 1913. He
lis one Of the strongest advocates
Iof the use of monetary and credit
policies by the Federal Govern
Iment to help iiatten out business
cycles. The Federal Reserve
System plays q vital part in this.
Monetary policy is probably
the most important single factor
affecting the ups and downs Of
the business cycle" DR.. Schmidt
maintains.
He reads economic indices
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-02-05

with the same caution and fire.
iouency that the weather man
looks at the barometer and other
scientific instruments, his col
leagues say.
AS guides in this ticklish busi-
ness Of forecasting. he takes into
account. among other things,
new interpretations. business
failures, commodity market
prices. hours worked in manu-
featuring. industrial common
stock prices, inventories, foreign
trade, agriculture, Government
intake and spending. new orders
for durable goods, residential
building, new industrial and
commercial construction. the
money supply. credit, freight car
ioadings and other factors.
Expansion Forecast
Out Of this mass of informa-
ton, he evolves his best judg-
|ment Of what's ahead. And his
associates point out he correctly
forecast post-World War II
economic growth, while other
economists we're predicting
economic collapse.
DR.. Schmidt received his
doctor OF philosophy at the
University of Wisconsin and
taught economies at Marquette,
Wisconsin. Oregon and Min
nesota universities. He is q
writer and has held various
economic posts both In this
country and Canada.
What's ahead now? DR..
Schmidt supplies this answer:
There is little reason for pes
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-02-05
:. N. Y. BOND SUMMARY
b. Press

Furnished b, the Associated Press
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-02-05
Major Firms
Report Heavy
Gains in IS
BY WALTER BREEDE. JR.
Associated Press Business writer

By WALTER BREEDE, Jk.
Associated Press Business writer
NEW YORK. Feb. 4,--Ieadins
corporations posted 1885 earn
ings reports this week that far
outdistanced previous records.
General Motors Corp, firsi
United States company TO break
through the billion dollar profits
barrier. racked up net earnings
of s1,1s9, 900, 900. That's wha,
the company had left after set
ting aside SIG billion for Fed
eral, State and local taxes.
Standard Oil Co. New Jer-
|seyl. reporting the best year in
the company's history" est.
mated its 1855 profits at $717
million. up % per cent from the
year before.
United States Steel Corp. witt
profits at q new peak Of $780,.
1877. 900, said sales and shipments
also set new highs. Kennecott
Copper Corp. increased its net
earnings 81 per cent, to q record
I$125.615.000. Net income Of
Union Carbide & Carbon Corp
shot to a new high of $780,
755. 1853.
Outstanding soft spot was the
auto industry which announced
new cutbacks to bring production
into line with sagging sales.
Beginning Monday. all Chrys-
Ter divisions in Detroit including
the Chrysler, De Soto, Dodge and
Plymouth divisions) will go on a
Ifour-day week. Already shut
down for two weeks was the
Packard Clipper division OF
Studebaker-Pae Corp, with
$500 idle. For the industry at
large, it's estimated that some
ga. 900 auto workers have been
laid of since the start Of the
year.
Department store sales across
the Nation at latest count were
g per cent over the like 1885
week. after loafing along at only
q or 3 per cent above a year ago
during most Of January.
simisn about business prospects
in 1n56. even though net gains
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-02-05
COMMODITY PRICES

NEW YORK. Feb. 4 lS.--The AsSo-
eiated Press index Of important COM
second straight week, II stood at l75-4e
compared with l74.16 week ago and
1853 year ago.
1 Tns textile and the nonferrous metals
lcomponents reached new 1a55-58 hishs.
| Industrials food and greins and cot
ton also rose The livestock component
iVaS MI SLIGHTLY
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-09
is U. S. Legislators
See No Major War

HONOLULU, Nov. 8 (Pl.--Six
United States Senators and nine
Representatives were apparently
confident today no major war
would break out despite the cur
rent Middle Eastern crisis.
They arrived last night aboard
a pair Of military transport
planes, part of a group of 80
United States delegates to an
interparliamentary union con-
ference in Bangkok. They leave
today for the Far East.
Interviewed at the airport,
most said they felt President
Eisenhower would be successful
in his efforts for peace.
The Senators are Allot, Repub-
lican Of Colorado; Barrett, Re-
publican of Wyoming; Frear,
Democrat Of Delaware; Gore,
Democrat of Tennessee; Hen
Inings, Democrat OF Missouri, and
Monroney, Democrat of Okla
homa.
The Representatives are:
Boggs. Democrat Of Louisiana;
Byrnes. Republican of Wiscon-
sin; Jones, Democrat of Mis-
souri,: Sadlak. Republican OF
Connecticut; Heating, Republic
can of New York: Poage, DEM
iocrat of Texas: Robson. Repub-
,lican of Kentucky; st. George,
Republican Of New York, and
Tale, Republican of Iowa.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-09
Quick-Hordening Chemical
Tested on Bone Fractures

PHILADELPHIA, Nov. . tPl.
--Hahnemann Hospital an
nounced today that one of its
staff doctors had developed a
quick hardening chemica i
known only as *" which re-
portedly shortens immobility in
some fracture cases from six
months to three days.
The substance and the zee
menting" operation technique
was developed by DR.. Michael P.
Mandarino. assistant in Hahne-
mann's orthopedics department,
who played with the National
Football Leagues Philadelphia
Eagles in 1856.
DR.. Mandarino said that the
substance "X'-itS ingredients
were not disclosed-was still in
the preliminary" stages. 1t was
demonstrated at a special sym
postum of orthopedic surgeons.
DR.. Donald Twining Jones,
former chief of orthopedics at
the Philadelphia Naval Hospital
said that the substance could
prove revolutionary in treating
bone fractures, especially in the
case of elderly persons who
sometimes are bedridden foI
years with hip fractures.
DR.. Mandarino said he expe-
rimented with substance TX" fol-
q year on animals then. after
no failures. tried 1t successfully
on two men.
The substance, white in color
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-09

middle of the cancerous mass are
killed. Those on the outside
continued dividing rapidly.
This was explained by DR.
Huebner. as probably due to the
fact that the virus does not have
time to work. One of the prop
critics of viruses is that they
quickly form antibodies in the
blood which limit their own fur
lther action. Thus one attack
iof such a virus malady as polio
myelitis presumably confers i'm
munity for life from any further
attack.
Apparently the same sort of
antibodies develops in the rat
implanted cancer cells.
Joins in Virulence
The sirlls is recovered and in
ljected into a transplanted cancer
in another rat. 1t appears to
have gained in virulence against
the malignant cells and act more
rapidly. This is the so-called
training" technique. Virus prep
arations have been transferred
through as many as Is rats. each
time apparently gaining in po-
tency.
Tests have been made with SO
viruses, each causing some rela-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-09
ELECTION

Continued From First Page
make a temporary appointment
until an election can be held.
There are other laws provid-
ing for the calling of special
elections to fill vacancies.
On the House side, Democrats
ARE leading in these four I'M
settled contests:
Kentucky 7th-Representative
Carl D. Perkins, Democrat; Scott
Craft. Republican.
Missouri 11th-Representative
Morgan Moulder, Democrat;
George H. Miller. Republican.
Nebraska Sd - Representative
Robert D. Harrison. Republican:
Lawrence Brock, Democrat.
Washington 4th--Representa-
tive Hal Holmes. Republican:
Frank Leroux, Democrat.
The Democrats came out on
top in two other close contests
decided late yesterday. Repre-
sentative w. H. hatcher, Demo-
crat of Kentucky defeated Re-
publican r. B. Blankenship. and
Democrat Charles H. Brown UNI
seated the veteran Representa-
tive Dewey Short, Republican Of
Missouri, senior G. o. P. member
of the House Armed Services
Committee.
I Meantime, Democrats contin-
ued to challenge the apparent
close victory of Representative
Hale. Republican of Maine in
that States September 10 cleo
ton.
Former Assistant Secretary of
State Thruston B. Morton, who
defeated Democratic Senator
Clements of Kentucky, attributed
his success to the popularity Of
President Eisenhower and sup
port for 'the modern Republican,
ism which / represent.
! Senator Clements refused to
see newsmen or photographers,
but issued a statement saying he
was investigating Irregularities"
in many counties-an indication
( he might ask a recount.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-09
Continued From First Page

Continued From First Page
Bridges of New Hampshire, Byrd
of Virginia. Clements of Ken
lucky. George of Georgia. Green
of Rhode Island, Lyndon John
son of Texas. Knowland of Cali
fornia, Saltonstall of Massa-
chusetts. H. Alexander Smith OF
New Jersey and Wiley 0f Wis
Iconsin.
Representatives attending in
Icluded Albert of Oklahoma, Al
len of Illinois, Canon of Mis-
souri,, Chiperfleld of Illinois, Hal
Ileck of Indiana, Martin OF
Massachusetts. Mccormack Of
Massachusetts, Rayburn Of
Texas. Richards Of South Caro-
lima, Short of Missouri, Tabel
Iof New York, Vinson of Georgia
land Vorys of Ohio.
Meanwhile, it appeared from
Israeli and British moves of the
last "a hours that the Kremlin';
threat to send volunteers" tt
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-09
Red Cross Inspects
POW. reutment

GENEVA, Nov. 8 (P).-The In
ternational Red Cross Commit
tee yesterday notified all parties
10 the fighting in Egypt that il
was assuming responsibility fol-
prisoners of war under the terms
of the Geneva Red Cross Con-
yentionS.
Committee delegates on the
spot are to insure that prisoners
are treated in accordance with
the Geneva Conventions.
The Egyptian Red Cross asked
the committee to launch a
worldwide appeal for blood
plaSma, antibotics and bandages
for wounded in Egypt.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-09
SCIENCE
Continued From First Page

Continued From First Page
face Of the animal. 1t loked UP
as if 1t were experimenting a
vision of paradise. BY pressing a
button it could repeat the stimu-
Ilus. Once it had learned this. one
monkey pressed the button stead
lily three times a second for
20 hours-until it finally COL
ilapsed.
An alternative possible inter-
probation except for the look of
ecstasy on the face, was that
this part of the brain contains a
compulsion center which forces
ian animal to repeat the same
kind of behavior to the point of
collapse.
Exactly the opposite type of
behavior was caused in three
monkeys when electrodes were
sunk in a certain part of the
hypothalamus, an area in the
diencephalon quite close to the
globus pallidus. The monkey
face Immediately had the APP
pearance of frantic terror. 1t
tried desperately to push aside
the switch with which the cleo
trode was stimulated. Ordinarily
this was a gentle monkey. It be-
came almost maniacal. When a
foreceps was placed in front of
its face it bit on it so violently
several of its teeth were broken
of.
1t is not known whether these
same areas exist in the human
brain but, it was explained. this
is highly probable. Up to the
cortex mans brain is built on the
principles as those of higher
animals and the highly de-
iveloped cortex is just a roof
built in the course of evolution.
These, it was explained, may be
the. primary centers of sensa-
tons OF pleasure and terror but
in ordinary living the impulses
which they send out are marked
by many other impulses from
other parts Of the brain. So one
seldom experiences either the
most intense sort of ecstasy or
of terror.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-09

lively mild respiratory or ner-
vous system disease in humans
These diseases, however, never
Iare fatal. The Cancer Institute
investigators finally have con-
|centrated on the so-called Cox
ISackie virus, isolated a few years
ago, which causes a mild malady
which has been mistaken fol
polio. Normally it has no effect
whatsoever on rats. Thus all its
potency is exerted against the
human cells into which it is in.
Ijected-the transplanted cancer
cells
After a sixth passage through
the experimental animals, DR.
Huebner said, the virus kills loo
per cent of the malignant cells in
the tumor mass. It may leave
something of a mass behind but
tests show that this is composed
entirely of harmless f1brous It's
sue. There is no more wild
cell division which characterizes
cancer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-09

is quite close TO tnat OF l1VlnE
mlcro-organiSms and which arr
the cause of some of the mos
dreaded diseases, such as polio
Some, however, are relatively
harmless. causing either milo
sickness or none at all.
The ideal, it was explained
is to train" billions of them
to attack cancer and still not
bother the human host.
Shows High Promise
This radically-new approach
to cancer treatment now shows
high promise, DR.. Huebner re-
ported, and has been tried or
30 human patients. There have
been no cures" but the work
still is in its infancy.
The experiments are beinl
I carried on with one kind o.
human neoplasm-cancer of tht
cervix in women which is one
of the most fatal types known
Cells obtained from such a can
Ger are transplanted into rat:
where they form large masses.
Large doses of virus are In.
jected into these masses where
they cause considerable. but fal
from complete repression. Al
first. apparently. only cells in the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-09
Top Legislators Confer
With President on Crises

Egypt and other Arab states was
forcing Britain, France and Israel
into a mood to cooperate with
the United Nations.
Israeli Premier David Benz
Gurion notified Mr.. Eisenhower
and U. N. Secretary General Dag
Hammarskjold last night that
his country's forces would with
draw from the Sinai peninsula
and cooperate with the U. N.
police force now being formed.
This was a l80-degree turn
against the 1873 decision of his
own parliament only the day
before.
In London this morning Brit
ish Prime Minister Sir Anthony
Eden made his own contribution
toward a further lessening OF
tension by announcing the with
drawal Of some air units from
the Suez area,
These moves emphasized the
grave view, If not the alarm,
shared by most Western ma
tons of the new Soviet efforts
to place some. of its military
forces in the Middle East.
I There was still disposition
among high officials to view the
Soviet effort to cuddle up to the
Arab states as diversionary
activity, intended to screen the
bloody suppression of fIunga-
rian rebels.
/ Defense Forces Ready
| But because outsiders can
never be sure Of Russia's in
tentions. American defense
forces are being brought to a
higher state of readiness.
! Washington officials tend to
credit the Presidents strong APP
peal to Premier Ben-Gurion and
reported pressures from Jewish
organizations in this country FOR
the dramatic about-face which
the firebrand Israeli leader an
nounced to his countrymen at
the unusual hour of 1890 am.
/ In his appeal to the Israeli
Prime Minister on Wednesday,
Mr.. Eisenhower warned that a
decision to stay in Sinai and
resist the United Nations police
forces could not but bring about
the condemnation of Israel as a
violator of the principles as well
as the directives of the United
Nations.
/ Just what territory Israel in
tends to withdraw from is not
lclear. There were some reports
that it would hold on to the
GAIA strip. which Egypt occu-
pied but never annexed. Most
observers expected, however,
that the Israeli engineers would
now be ordered to suspend their
permanent construction along
the line 10 miles east of the Suez
Canal and withdraw behind the
old armistice line.
Mr.. Ben-Gurion's pledge to
Mr.. Eisenhower and the U. N. to
withdraw was conditioned upon
conclusion of satisfactory ar
rangements with the United
Nations in connection with this
international force entering the
Suez Canal area" Again the
Israelis intentions were not clear.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-09
Meeting Told
OF New Vifanlirl
Vital 10 Heart
BY JOHN F. sEMBOWER

North American Newspaper Alliance
SAN FRANCISCO. Nov. B.
A potential new vitamin, prob
ably a member of the family of
B vitamins, has been discovered
by DR.. Klaus Schwarz and his
associates at the National In
stitutes of Health, Bethesda, Md.
The new vitamin, temporarily
called factor 81 by its discov-
erers, protects the heart, liver,
kidneys and muscle tissue
against dietary degeneration. It
also protects chickens against
a disease in which the tissues
become flooded with fluid.
DR.. Schwarz described FAC
tor g." its actions and the means
by which it has been extracted,
at a special conference on liver
function held here at the United
States Nays Pathological De-
Tense Laboratory.
Sponsored by 3 Groups
The conference, attended by
scientists from all parts of the
world who specialize in the liver,
was sponsored jointly by the
Atomic Energy Commission, the
American Institute of Biologi-
cal Sciences, and the Navy.
Factor 81 is so labeled al
present because two other vita.
Minis. crystine and vitamin f
a fat-soluble phenol found prin-
cipally in certain plant oils in.
Guiding wheat germ oil, ART
known to be essential to the
life of liver cells.
Without any of there three
substances, liver cells begin tt
degenerate and ultimately the
organ dies. When this happens
the patient or animal dies. fol-
the liver may be the most i'm
lportant single organ in the body
performing more different func-
tons than any other organ. ac-
cording to the experts gathered
here.
Tiny Amounts Used
Factor 8" is so potent that
tiny amounts accomplish its vi
tai protective function. DR.
Schwarz reports that even after
major degenerative changes have
occurred in the heart. liver. kid.
ney and muscle cells, the injec-
ton of microscopic amounts OF
the substance into the porta
vein brings about striking recov-
cry of metabolic function within
only 80 minutes.
1t now is believed that a num-
Der of new vitamins await dis
covery. Involved is a painstak-
ing process of elimination where
by various substances are sys-
tematically removed from the
diets of experimental animals INC
the resultant dietary deficiencies
are studied.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-09
Student Undergoes
Mental Observation

/ A 13-year-old student is in
District General Hospital today
undergoing mental observation
after police said he twice at
tempted to take his life during
classes yesterday at the Browne
Junior High School.
Ninth precinct police said the
boy tried to jump from a second
floor window and then attempted
to stab himself with a drawing
compass. They reported he was
not injured.
Homicide squad detectives said
they will question the student
today in an effort to determine
why he wishes to end his life
The school is at Twenty-fourtk
street and Benning road NE.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-09

is poured into the broken bone
Wilhelm DR.. Mandarino's tech
nique-has been cleaned out and
filled partially with stainless
steel wires to provide reinforce
ment. 1t hardens in about a hall
hour and. as it hardens. the
surgeon trowels of the excess
Just as in cementing.
DR.. Mandarino said expert
ments are being conducted to
determine whether bone tissues
will grow through the substance
or whether new bone growth will
build itself around the material
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-09
STADIUM

Continued From First Page
place for a national stadium, the
committee found.
The traffic problem, further,
would probably be serious with
the construction of the stadium
and about SO million would have
to be spent to acquire the neces-
Isary acreage.
One more problem attached
to this would be that hundreds
of graves would have to be moved
to make way for the new struc-
Iture.
NCPC Chairman Harland Bar
,tholomew indicated a preference
for the East Capitol street site,
which would be convenient to
the existing National Guard
Armory.
Mai. Gen. w. H. Abendroth,
commander OF the District Ma
tional Guard, came out fatty in
favor of that location.
Points to Road Capacities
Harold J. Spelman, division
engineer of the Federal Public
Roads Bureau, however, raised
the question of how 10000 We
hicles could move to and from
the stadium in the light of pres
ent road capacities for the area.
Mr.. Spelman pointed out that if
the parking area were to accom-
modate 10000 cars it would be
bigger than either the Pentagon
or the proposed Central Intelli-
gence Agency parking lots.
Mr.. Bartholomew asked how
other big cities with municipal
stadiums like Cleveland and Los
Angeles are beset by traffic
problems.
Mr.. Spelman replied: II don't
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-09

know for sure. but suspect
they have one helluva time"
Further studies of stadium To-
cations will be intensified and
will cover such problems as traf-
fic, soil features and compare
tive costs OF having railroad
spurs.