davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26
Bethlehem Sees
Peak Output for
First Ha|fo 81

NEW YORK, Oct. rs (R.-
Bethlehem Steel Corp, the
worlds second largest steel
maker, expects to be producing
at top capacity through the first
six months of 1857. Eugene G.
Grace, Bethlehem's 80-year-old
chief executive officer and board
chairman, said yesterday.
He also said the outlook for
general business, including steel,
is good regardless of the mo
lvember elections.
Mr.. Grace commented on the
state of business after the COM
pany reported that its profit
Inosedived during the third quar-
ter, totaling $4,428,143 or $5.05
a share in the preceding quar-
ter and with $40, 1896, 984 or $4.04
Ia share in the third quarter of
last year.
Mr.. Grace said the decline of
nearly 80 per cent was due to the
Isteelworkers' strike which shut
down most of the industry in
July.
Without the strike, he said,
Bethlehem would have earned
about IS share in the third
quarter and profits for the year
would have come to more than
$40 a share. Now, however, he
said, it is certain that profits
for 1856 will fall below the
$1809 per share earned last year.
Mr.. Grace said Bethlehem
land I assume the other COM
panies too" are studying the
possibility of another steel price
increase.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26
FOREIGN EXCHANGE

NEW YORK, Oct 26 P).-Foreign
exchange rates follow, Great Britain in
dollars, others in cents Unbalanced un-
less otherwise noted:
Canadian dollar in New York open
market 2ls per cent premium or IO2 $685.
cents. up J33 of cent
Europe Great Britain (pound).
2.7S12, off 70 Of cent; 30-day futures.
f;tSr ssS qP ll n OF cent cent, S9-dsy
futures, Pr 3I32 up 1882 of a cent:
Belgium Qranc) 3.01is: France ffranc)
.2Sss Of a cent. Germany (Westernl
tdeutsche mark. $3.50; Holland guild
err, 20. 10. off OF of cent; Italy (liraD,
1914 of cent; Portugal fescudo). $50:
Sweden (kronal, 1894; Switzerland
franc Qreel, $685.: Denmark
(krone1, IA so.
Latin America-Argentina dree).
Bis; Brazil (free), 1.4S; Mexico, sol;
Venezuela (bolivarD. 1908.
Far East---Hong Kong dollar. 17.45.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26
GEICO Reports Decline
in 8 Months Earnings

Government Employees Insur-
ance Co. had net income of
$l.713,136 in nine months ended
September 80, compared with
S2,630,003 in the same 1855
period, President Leo Goodwin
reported yesterday.
Adjusted for a larger number
of shares, the net was equivalent
to $3.50 a share, compared with
$412 a share a year earlier.
Premiums written totaled $21,-
826.178 VS.. $20,247,169 a year
earlier
Assets on September 80 totaled
S44,441, 976 VS.. $40.377,330 on the
same 1855 date. Policies in force
totaled 397 ,058 VS.. 347,378.
Government Employees Life
Insurance Co, an affiliate, had
premium income of $1.473.722 in
the nine months VS.. $1,215,0l3 a
year earlier.
Net income of Government
Employees Corp, another af-
fliate. was S243,563 in the nine
months VS.. $197,854 a year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26
B&O Net Rises Sharply
From Marks of Year Ago

Net income of Baltimore g.
Ohio Railroad was $3,12l $50 in
September, compared with ST.
1888 in September last year,
the road reported.
Nine months net income was
$21,0l0. 900 VS.. $l8.637,452 ir the
same 1855 period. Revenues rose
to S345. 554 401 from S3I7.225.136
and operating expenses were
S278, 943,993, compared with
1851, 1888
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26
ANA Chapter Distributes
Awards to U. S. Experts

Washington Chapter. Ameri-
can Marketing Association, dis
tributed annual awards to Gov
eminent officials for outstanding
contributions to marketing at a
luncheon meeting at the Wash
ington Hotel yesterday.
Awards went to the following
Abner Hurwitz, Department of
Labor for marketing data in the
field of consumer expenditures
incomes and savings.
Louis P. Hermann, Depart
ment of Agriculture, for research
on regulations affecting the
movement and merchandising of
milk.
Kenneth w. Meinken, Depart
ment of Agriculture, for market
ing research techniques in study
ing the demand price structure
for wheat.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26
ST Billion in Orders
Reported by Ford

DETROIT, Oct. 26 (P.-Ford
Motor Co.'S Ford division re-
ports it has orders from dealers
for more than 81 billion worth
of the newly introduced 1857
model Ford cars.
To meet the demand the Ford
division will put its is car assem-
bly, plants on a maximum over
time basis. That would be 80 per
cent above regular time.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26
The Most Powerful
Factors in toduy's travel picture. !. i.

What you see from the picture windows of DC-7S
and Super Consultations as you fly the leading
airlineS of the world are Curtiss-Wright Turbo
Compound" engines. Because of these engines
you are flying the fastest airliners in the world.
Because of their power you are flying the most
spacious airliners in the world. And thanks to
them you are flying at fares that make air travel
an economy.
Power TO Hurry :. and TO Wait
The Turbo Compound engine, an exclusive Cur
tSS-Wright development, is the most significant
advance in proven powerplant design in 30years
1t is design combination of the conventional
reciprocating engine, and of the turbine. BY
putting power previously wasted in exhaust to
work spinning power boosting turbines, plus
using the added thrust of jet exhaust stacks, the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26
Sales Figuring
Yields Strange
.Paradoxes
BY ELMER ROESSNER

There are strange paradoxes
in business arithmetic. A SO in
crease in costs may require 500
in sales to meet it. At the same
time, a 500 rise in sales may
yield a net profit of $50.
These strange equations were
touched upon at an American
Management Association meet
ing recently. Thomas j. Nc
Donough. manager of Heinz's Of
flee services, told other execu-
tives that his company is saving
the equivalent of 100000 a year
in sales by installing telephone
dlctation in one department. It
saves the equivalent of $3.50, 900
in sales through the reorganiza-
ton of its janitorial services and
the equivalent of $750,000 in sales
by conversion of elevators to au-
tomato operation.
ms is now Mr.. McDOnOgh
figures it: Heinz makes about 8
per cent net profit on sales,
therefore 100000 in sales has
about the same effect as saving
of $4,000 in Stenographers'
salaries. Savings of $13,5O0 and
S22, 500 are equivalent to sales of
$450,000 ana $750,000.
Other Examples
Department stores and food
markets average around 2 per
cent net of sales before taxes.
after their silent partner. In
ternal Revenue takes his share
the average is around / per cent?
Therefore. each So saved is
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26

Turbo Compound picks up spectacular 249S
in efficiency at cruising attitudes Translate this
into speed, range, or economy = it means the
same thing: you fly farther, faster, in greater
comfort, and at lower fares than would other
wise be possible.
Because Turbo Compounds consume less fuel,
they can power nonstop flights of 5000 miles
and more. They have made inter-contnental
flights as routine as inter-city hops. Turbo Com
pounds have the range to hold" over deStina-
ton if traffic neceSSitateS, when other aircraft
may have to choose an alternate airport because
fuel is low
Today, al of the worlds leading airlineS put
100000 seat miles daily at your service on
the air routes of the world. And the Turbo Com
pound promises still more service in years to
come. Future schedules call for more than
l00,000,000 seat miles per day in Turbo Com
pound powered equipment !. . more proof that
the engine selected for Douglas DC-7s and Lock-
heed Super Consultations is the most powerful
factor in today'S travel picture
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26
Commercial Loans Edge
To New High in ID. c. Banks

There were only slight net
changes in outstanding loans of
IL reserve member banks of
Washington in the week ended
October II, but commercial and
industrial loans edged forward
to a new all-time high.
The October II record of
1922, 042, 900 was up $656,000
from a week earlier and $18,-
$4,000 or 9.5 per cent above
the like 1855 date. The previous
commercial and industrial high
was 1921 ,605,00O on September
IS.
The II banks total outStand-
ing loans of 1923, 592 900 on Oc-
tober II were up S187 900 from a
week earlier and $46,256,000 or
9,6 per cent above a year earlier.
Real estate loans of $143, 942.-
900 were down S413,000 in the
week, but $5,795,0 900 above a year
ago. Other loans of $149.806, 900
were off 100000 in the week,
but $19,894,00 ahead of the like
1855 date.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26
Harold J. HOff lsetires
From Ourisman Chevrolet

Harold j Hoh will retire as
vice president and general man
ager OF Ourisman Chevrolet on
November /. President Mandell
Ourisman announced.
Mr.. Hoff has been with the
auto Arm for q years and started
as salesman. He will leave
the active MANAGEMENT but will
continue as a director and re-
tain the title OF vice president
to serve in a consultative ca
pacity.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26
Peoples Drug Declares
Quarterly of so Cents

Directors of Peoples Drug
Stores, Inc, today declared q
regular quarterly dividend of sc
cents share on common stock
Treasurer H. j. Althouse an
nounced.
The dividend will be payable
December 81 to stockholders OF
record December 2.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26

period.
Deeds totaled HIP, compared
with II 1886 a year earlier. Fore
closures for the period rose to
655 from GIT in the same period
last year.
The boards report on deeds
of trust was in line with a
monthly report from the Dis
trict Savings and Loan League
which said 80 member associa-
tions made 1903 new real
estate loans for $134,747,197 in
nine months this year, compared
with 1875 for $184,345,546 a
year ago. These totals included
mortgages outside of the District
of Columbia and were more rep
resentative Of the entire area.
Including in the savings and
loan total we're 3,947 new con-
struction loans for $55,955, 678
compared with 4,515 for $751;
272,l40 a year earlier; also 1866
home purchase loans for $70,-
los, 1873 VS.. 6,746 for 84.766,0l3,
and 3,489 other loans for $28,-
671.257 VS.. 4,525 for $38,308,393
in the same 1855 period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26
Virginia Electric Earnings
Well Above Year Ago
Washington Gas Reports
September Deficit

Net income of Virginia Electric
d Power Co. was $l,868, 586 or
24.8 cents share in September,
compared with $1,641, 4O3 or %
cents share in September last
year. September operating reve-
nues rose to $9,944,593 from
$9,0l2,691 a year earlier.
Net income for IL months
ended September 80 was 500
602,98 or $2.72 a share, COM
pared with $18,897,O59 or 1882
a share in the previous IL
months. Revenues aggregated
$115,303,981 VS.. $103 $685. 79.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26
Solid Fuels Award Given
to c. A. Reed at Dinner

C. A. Reed, director Of the en-
gineering department of the Ma
tional Coal Association. last night
received the Percy Nichols
Award for his outstanding
achievement in the field of SOLID
fuels"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26
ADVERTISEMENT
ADVERTISEMENT
Browning King & Co. New Policy
Offers Mems Quality Clothing
at Low Cost in Washington Area
Reduced Green Ink Prices" Prove Aid to Thift-Minded
Government Employees and School Teachers

Government employees educat- sold Browning King
young executives many reduced green price"
others caught in the squeeze be- less than $4,000
the high cost Of living ,,,
w 80 N0 ~ ~ tailored of the worlds finest 1907
~ 800 " ~ ' - pure imported Cashmere are sold
cost " Nv at the reduced green ink price"
of less than $4,000
Today, under Browning Kings
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reception is the reduced green
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o,r original miro ,icLcs Of fine imported sharkskin
worsteds less than $4,000 at
IN t new browning King store Browning Kings green
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choose from Of the largest .-ororors AZ, NO., 49,. .
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Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26
ODD-LOT DEALINGS

NEW YORK. Oct. % B-The New
York Stock Exchange reported today
these odd lot transactions by principal
dealers on the exchange for October 55:
Purchases Of 20S462 shares: Sales of
sold short
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26
'' RI BUSINESS
.C.Mortgoge Financing
Far Behind Year Aoo
BY DONALD B. HADLEY

Mortgage financing in the District dropped far
behind months this year. new deeds or
property transfers were down only slightly data from
ington Real Estate Board disclosed today
The District deeds of trust or first MORTGAGES
totang $15974366 the months compared with ii
for in tho
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26

is chairman of Kapitol Keyhole,
chapter publication.
Around 200 students from as
Sociations of this area are at
tending chapter classes. Commit
tee chairmen will promote par
tlcipation in chapter affairs.
Washington Gas Reports
September Deficit
Washington Gas Light Co.
had seasonal deficit of S377. O99
in September, compared with a
loss of $348,502 in September
last year, the company reported
today. The months operating
revenues totaled $1,958.095 VS..
$1.724,372.
Net income for the first nine
of 1856 totaled 1926
214. compared with 1888. 759
a year earlier. Operating reve-
nues amounted to $36,545, 769
VS.. $31, 366,457.
Nine months gas sales ag-
gregated 273,402,771 therms VS..
232,305,411 a year ago. Gus
toners meters in the area
totaled 352,757 on September
80 VS.. 339.654 a year earlier.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26
DE SOTO FOLLOWS LONG, Low LOOK

SIS high this 1857 hardtop
line the information
with 2 horsepower alnw
safety features
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-26

You'll find them on these major carrier,
the Washington, DC. area;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-02
CONSTANTINE BROWN
Consequences of StoIemote in Korea
Seen in Seizure of Suez Canal

President Eisenhower's state
ment that the situation in the
Middle East. as a result Of
Egypt's seizure of the Suez
Canal, is extremely serious
was no news to the men in the
Pentagon. Our 9Th Fleet in
the Mediterranean has been
alerted by confidential orders
TO stand by for any emergency
which may result from Brit
aims determination to prevent
President Nasser, by force,
from placing the canal under
the exclusive control of Egypt.
There is no doubt that not
only Britain and France are
on the spot. In so far as our
policymakers are concerned, it
is no longer the material in
terests of our allies which are
involved in the present fracaS,
but the whole remaining slim
prestige of the Western coali-
ton in the Middle and Far
East.
And it is unfortunate, in
deed, for the United States
that our allies should have
chosen such quicksands as
their own financial and eco
nomic interests as the locale
for a possible showdown. The
British contention that the
canal Is of vital strategic i'm
portance to the free world is
somewhat weakened by the
willingness of Cairo to guar
antee unencumbered passage
Of Shipping-as in the past
provided they pay the tolls to
the Egyptian authorities.
The Suez Canal would have
only a relative strategic i'm
portance in time of war in
these days. Jet bombers could
destroy it in a single strike.
Or it could be rendered useless
for months by the sinking of a
large vessel. Thus. after all is
said and done, the wartime
usefulness of the Suez water
way is highly questionable.
What is important to our
allies is the profits from the
passage of millions of tons Of
shipping and the ability to
keep the tolls as low as pos
Sible.
There is little likelihood that
the Egyptian government, re-
CARELESS of how irresponsible
its leaders may be, will inter-
fere with the transit of vessels
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-02
The Drive to Split the G. O.P.

a "six per cent stronger" ticket
with Herter on 1t, there is the
other side Of the coin. 1t will
be a 20 per cent weaker Re-
publican ticket with Nixon re-
moved from it.
1t is not a personal affair
in any sense. Nixon has be-
come the symbol of the anti
Communist feeling in the Re-
publican Party which can. il
pushed to extremes, persuade
many Republicans to stay at
home and forfeit the election.
For there are many regular
Republicans who believe that,
if a "left-wing" group is to
dominate any political party
in America, it is much better
to have such domination on
the Democratic side, where it
can be fought by a strong
Republican anti Communist
force, than to maintain a
perennial struggle inside the
Republican Party against the
left wing" infiltration.
The fight against Nixon has
been smear campaign from
the start. 1t comes primarily
from the left wing" and also
from many of the groups
which have been protesting
against the efforts in WASH
ington to get rid of Commu-
nistS in Government.
AS Senator Mundt of South
Dakota. Republican, expressed
it, the Americans for Demo-
cratic Action" which MASTER
minded the Stevenson cam
paign in 1852, is behind the
anti-Nixon movement and is
trying to dictate to the Re-
publicans that they must get
rid of Nixon. Mundt says it's
probably because the ADA
fears him most.
At present writing, most Of
the Republican delegates prob
ably believe the President
wants Nixon renominated. If
the President, by so much as
a nod to someone else or a
phrase dropped carelessly in
a press conference, indicates
some other preference, Stas.
sen will be quick to cry out
that this isn't dictation to the
delegates but inspired advice
in great cause"
The chances are the Presi-
dent will not say anything
that will widen the split in
his own party. Stassen will do
that job, and Eisenhower will
be helpless publicly to stop it.
Reproduction Rights Reserved
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-02

sion of the internal revenue
laws. particularly to determine
errors, antiquities and hardship,
and intended advantages" to
some taxpayers.
The Mills subcommittee plans
also during the congressional re-
cess to see how reorganization Of
the Internal Revenue Service has
worked out since 1851. Mr.. Mills
noted that some work in this
field has been done by an adj
visory committee TO the Joint
committee.
Another Ways and Means SUBJ
committee, headed by Represent
alive Forand Of Rhode Island,
will expand its studies Of the
excise tax structure. particularly
in relation TO rates.
The program suggested TO Mr..
STAN by Senator Byrd not only
would re-examine the 1854 In
ternal Revenue Code revision TO
ascertain errors or inequities
WHICH need correction" but also
,wsdld review the present excise
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-02

tax system with a view toward
removing inequities."
Main Purposes Of Study ,
Other principal purposes of
the staff study urged by Senator
Byrd would include:
REORGANIZATION of the effect
of Federal income tax and estate
provisions on small business, with
suggestions for their relief; tax
loopholes which ought to be
closed by legislation: a proper
method for the income taxation
OF life insurance companies:
Facts and figures showing oper-
alton OF the Korean War proyi-
sions for amortization of emer-
gency facilities and conclusions
as to the need for its con-
tinuance:
Analysis Of net-loss carry-over
provision with view to remov-
ing inequities and simplifying the
provisions; income tax treatment
OF physically handicapped and
totally disabled persons: re-ex-
animation Of income tax treat
ment Of prepaid income and
treatment Of reserve for esti-
mated expenses;
Study Of the individual income
tax return with suggestions for
its simplification: REORGANIZATION
of Federal income taxation Of
corporations and individuals do
ing business abroad. with par
ticular reference TO the present
treatment Of Western Hemisphere
corporations: income tax treat
ment Of capital gains and losses
reorganization Of the present
priority Of Federal tax liens.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-02
Chickens Come Home to Roost

tervention than the desire not
to hurt a potential market for
the British and French trad-
ers which was behind this at.
titude of their political men.
At that time Tin 1850 the
Russian military potential was
far less than it is today. Yet
the official propaganda about
the terrifying consequences Of
the Soviets' interference was
such that the American people
became scared into accepting
the present situation in the Far
East.
The long-range views of q
number of American states
men, such as Senators Know.
land and Bridges. that a stale
mate in Korea would have dis
astrous consequences on the
free world. were derided. Now,
unfortunately, the chickens
have come home to roost. The
British lion, which has been
muted since the end Of the
war. is roaring again; the
Gallo rooster is Growing loudly.
And we have no choice but
to stand by them lest the last
resemblance to a Western unity
may fall to pieces to the great
profit of the Communist dicta.
torshipS. London and Paris,
which in the past were watch
ing so fearfully every word and
gesture from the Kremlin, seem
now to ignore Comrade Khru-
Shchev's grunts in favor Of ma
tionalization of the Suez Canal.
Ever since the crisis began a
few days ago. not a single word
indicating concern for the
Soviets' attitude has been
heard from the British and the
French capitals or from the
usually worried Washington
official spokesman.