davidaulloa/AmericanStories huggingface dataset:
Evening star., 1956-12-04

c les, 1t 49,
But if you have money. just try to escape it.
Even If you bury the money in your own back yard,
you've still got risk-the risk that your money won't
buy as much if prices continue to RISE
And that risk is dangerous. Because it's hard to see
easy to ignore.
To minimize that risk, good many people today are
putting their money into common stocks
Of course, there's risk in owning stocks Bonds too
for that matter But the risk in owning securities is risk
you can see-One you from day to day. And
risk you can measure is a risk you control.
For example, suppose you had some extra money
maybe $l,OOO-that you wanted to invest. You think
you'd be satisfied with of maybe AZ or so but
at the same time you'd like to feel that your money would
be right where you wanted it whenever you needed it.
In that you might buy hgh-g0ds bond That is,
you might lend your money to company like MINI.
e0pOlis-HOneroeu Proctor & Gamble or Poetic TeIe.
phone Telegraph They'd promise to repay your 81 900 on
certain date and pay you s38 $43 interest each year
in the meantime
course you could sell your bond any time you wanted
to, and since bonds like these rarely vary more than
few dollars year in price, you'd certainly feel that your
money safe.
Or you might decide that you'd like to earn little
better return on your $lOOO-say, 415 or 5o-wthout
too much risk to your capital.
You'd still want conservative securities SO you'd prob
ably consider cumulative preferred stocks.
Now there's big difference between stock and bond
of course.
When you buy bond you're really lending money
which the borrower promises to repay.
But when you buy stocks, you buy an actual
ownership interest in the company concerned . get an
owners share Of any profits the company may distribute
as dividends.
Preferred stockholders always assured Of preferred
treatment and that they get fret call dvidends
-ahead Of common stockholders Cumulative means
that il company can't pay its preferred dividend in
certain year. that dividend automatically carries over
That's why you'd expect the prices Of good preferred
stocks to be relatively stable-sDd they are
high.grade cumulative preferred like Consolidated
Edison for instance, which currently pays about t4s
year on $1,000 investment has ranged in price this year
between sl03.3S share and SHOTS share. While
medumgrad like Tennessee Gas Transmission cur.
renty payG about $50 81 900 and ranged this wear
between s88 and Sl03.5O share
Next risk scale" might come common stocks
Nov, there literally thousands Of these to select from;
So it's bard to talk about them IN general terms Some
may return lO9o your money; some les. Some have
never paid dividend; some have never missed one
Just to give you idea though Last year 076 common
stock issues bought and sold the New York Stock
Evening star., 1956-12-04
Still Creeping Up

W1LKES-BARRE, PA. - "A
new hard coal wage agreement
was signed here, boosting hard
coal miners daily pay by between
81 so and So. Industry sources
speculated that prices might go
up an average Of 81 to $1.20 a
ton as mine operators seek to
recover increased wage costs
through higher selling prices
Pittsburgh: ''The trend in the
cost-of- Living index practically
assures a wage increase Of at
least three cents an hour for most
of the Nations steel workers in
January and is sure to put
heavier upward pressure on steel
prices"
Washington: "The cost Of liv-
ing went up to another new high
and officials said it probably
would go still higher"
Story Of Imitation
And there you have it - the
story of imitation" This is not
a classical monetary imitation
in which prices soar because too
many people with too much
money go chasing to few goods.
This is a wage-price spiral.
This sort of imitation is tor
tuouSly difficult to curb in a
private enterprise economy which
abhors rigid controls. To put it
in the simplest Of words, this is
how the spiral has been and is
operating:
Organized workers in industries
turning out basic materials and
metals have been winning sig
nif1cant wage raises.
The businessmen directly af-.
fected have been insisting that
they cannot absorb the higher
wage costs by getting a suffi-
ciently bigger output per man
per hour.
So. to Offset the wage raises
and thereby protect their profits,
they have been raising the prices
OF the materials and metals.
The corporations which buy
materials and metals to manu-
Evening star., 1956-12-04

present company quarters at
I'LL North Capitol street in
Washington when completed in
1858.
Arlington County Board Chair
man Wesley Cooper officiated at
the ground-preaking ceremonies
initiating construction and top
company officials spoke at q
luncheon at Arlington Towers
following the ceremony.
witnessing the start Of the
development, besides Mr.. Cooper
were other civic officials and rep
resentatives of Western Elec-
trio, American Telephone and
Telegraph Co.. and the Chesa-
peake and Potomac Telephone
companies. w. A. Stewart, man
ager Of the Washington distri-
buting house. welcomed the
guests.
will Be COmpany's Largest
The new distributing house is
to be the largest Of 80 distribu-
ton centers located in strategic
cities across the country. Ope-
rated by Western Electric as one
phase of its responsibility as the
manufacturing and supply unit
Of the Bell Telephone System,
these centers serve as something
of a general store for the tele-
phone companies and stock thou
sands of items essential in rem
dering fast. efficient telephone
service. The houses not only
warehouse and distribute new
telephone equipment and sup
plies but also recondition and re-
pair equipment returned by the
Telephone Company so that it
can be reused.
The local house serves the
Evening star., 1956-12-04
CHICAGOLIVESTOCK

CHICAGO. Dec, 4 N CusDAl .-salabie
hogs $4,000; active and uneven: strong
mostly rs higher on butchers; late sales
mostly % higher. Instances up more
sows strong to mostly 25 higher: No.
2-3 l9O-24O ID butchers 15.75-I625:
mainly l5.s5-16.15. several lots 1 q
Ieo.225 lb 10. 25-l650: 2-3 250-2sO ID
l5.35-l5 S5. few 2a0-3lO ID 1900
l5.25; weight under 100 10 scarce; larger
lots mixed grade 350-550 ID sows l3. 90
%; little below 10 IS: few head 10
Saiable cattle 5000: calves 900;
steers. heifers mainly steady; Compared
With Mondays low trend instances
strong on steers and heller yearlings low
choice and below. cows fully steady
steady 70 % higher for two days. bulls
STEADY TO weak; yealers about steady
stockeTs and feeders weak to so lower:
load OF prime 1855 ID steers 29'55;
few loads hish choice and low prime
z4.00-25. 90. most good TO average choice
iatpO-2J 90. load Of high choice 100 ID
neners 2s ,n0-25.O0, most choice helfers
sooO-2" O0' Eood Grade i7,5O-20 90.
utuity and commercial cows q Soil 50:
strong veieht canners and cutters 5,75-
~; most utility and commercial bulls
la.OV-22 90. hght culls down 10 ZOO;
mostly gpod and choice f7B-025 ih
sstoeekers And stock steer calves 1900
Evening star., 1956-12-04

area operated by the Chesapeake
and Potomac Telephone Com
panies In the District Of Colum-
bia. Maryland and West vir-
ginia. In the decade since 1916,
the number Of telephones in
service throughout the Chesa-
peake g. Potomac territory
nearly doubled, jumping from
/ 400. 900 to 2,780,000.
The site of the project was
acquired by Western Electric by
purchase of lots from Ambassa-
dor, Inc, and the III" Street
Building Corporation.
Repair Shops Provided
The new plant will provide
448, 900 square feet of floor
space, Of which approximately
244, 900 square feet VIII be used
for warehouslng ana shipping
Operations. The remaining space
will be divided between a shop
for repairing telephone equip
'ment on the first floor and
offices, cafeteria, recreation and
other personnel facilities on the
second floor.
Achitecturally, building plans
call for a frontage of SIS feet
on South Hayes street. and a
depth of 692 feet. The front is
of two-story reinforced concrete
frame. The exterior is face
brick with limestone sills, trim
and copings.
The house will stock about
5000 items-everything from
cotter pins to electronic assem-
blies-which are required by the
telephone company in providing
telephone service to the public.
Evening star., 1956-12-04
.Kunn's to Pay
.YuIe Bonus

S. K<nn Sons Co. will dis
tribute its annual Christmas
bonus to employees on December
6, President Sol Kann announced
today
Amounting to more than $40,-
900, the distribution will be
shared by l.172 employees Of the
icompany's Washington and Vir.
ginia stores.
In announcing the bonus, Mr..
Kann expressed his appreciation
and commended members Of the
organization for their co-opera-
tion with management during the
last IL months.
Evening star., 1956-12-04
NEW YORK PRODUCE

NEW YORK, Dec. R.-Butter
steady. Receipts $4,000. Prices un-
ceipts $4,000. New York spot quotations
follow: Midwestern: Mixed colors: Ex-
tras t4S-50 lbsl 36h-37h; extras large
l45-4S lbs) .35-361a; extras medium 90
"a; trades 27-2S: checks 27-2sh.
Whites Extras (4S-6O lbs) 37-3g;
extras large t45-4S lbs) 35-37; extras
medium 30-31. Browns: Extras (4S-50
lbs) 37-39
Nearby: Top quality (4S-5O lbs, 40
AZ; top quality t45-4S lbs) 3S-4O; me-
diums 1894; smalls 27R-2sa. Browns:
Top quality (4S-5O lbs) 30-39h; top
3Rh Smalls an-3llh
Evening star., 1956-12-04
RISK is q dangerous word

Exchange Of these 982 paid dividends and the dividends
averaged 400 of their year-end prces 500 Of them
have paid dividends every year for least 20 years.
SO, even when it comes to common stocks YOU have
lot to say about how much risk YOU want TO take You
might to hold that risk to minimum 90 you'd nick
some leader in stable field. Some company with solid
record OF sales, earnings, and dividends perhaps com.
pany like Union Electric Company that has paid dyi.
dends for 81 years. stock like this should return Won
$57 1000 investment and so Far this wear has
nuctuated only between $26l3 and $50 share in price,
Or you might increase your risk slightly to get return
of 500 or your 900 and invest in some COMPANY
like United Fruit Here, the earnings and dividends can
huctuate wider range. But United Fruit has paid
dividends for the past So years. is in strong financial
position and this year its price has varied only between
$45.l3 share and S55
Then there companies like BOrg. A repre-.
sentative company with excellent record in several
lines Of business that highly competitive where
revenues and profits depend many variables.
Such company pays liberal dividends during good
years but may be forced to reduce them in bad Plight now
for instance, Borg Warner should return over SCI on YOUR
money. but its price might luctuae 25 or more after
you buy.
And hnay, like great many people, you might decide
to buy tor price appreciation rather than dividends You
would look for some welmanaged company that hadn't
begun to develop its full potential one that looked like
real bargain at present prices, because period of
time you might double triple your original investment
Here, obviously, the risks your ST. 900 are greatest
Such stocks vary widely in price, and like Radio Corpora.
ton Of AHrercG this year, swing between high Of
s5O3S share and low Of $33.88. Depending on what
price you paid for this stock, of course that swing could
have meant either sizabe gain, or stable loss That's
why Chen you buy always important too The present
business outlook, world situation general and overall
level Of prices for any particular kind Of security can al
influence the relative risks involved when YOU buy one
class Of securities instead of another.
Now this isn't the full story the risks and rewards Of
investing, Of course That would take book But We
don't think we've minmized the risk or overstated the
rewards.
Just which securities yOu buy Of course just which are
the best available for the rewards you SEEK will always
depend on just thing-fscts Fresh facts about .
companys sales and earnings. about iis policies and
management about its competition outlook and dozen
other factors.
Keeping abreast Of those facts hundreds Of companies
in dozens Of industries Is big part Of our business
So, il you'd like to know what We know about psrtieu.
lar stock or companyor you would like us 10 suggest
Investments for your extra money, whether its $500,
5000. $4,000 just ask There's charge no obira.
ton, whether you're customer Simply address
Evening star., 1956-12-04
Building Fires Rise

NEW YORK. - There were
409.044 building fires in the
United States last year. an in
crease Of az per cent over the
year before. The dual cause,
matches smoking" continued
to be the major cause of fire,
with misuse Of electricity"
second.
Evening star., 1956-12-04
Folke Becker RESIGNS

RHINELANDER, Wis, Dec. 4
R.-Folke Becker has resigned
as general manager of the Rhine
lander Paper Co.. effective Janu-
Evening star., 1956-12-04
FNMA List New Prices
For FHA MOrtaRageS

The Federal National Mort
gage Association yesterday an
nounced new purchase prices ap-
plicable to mortgages bearing
the new Ff1A 5 per cent interest
rate and revised purchase prices
for mortgages bearing the AZ
per cent rate under its Secondary
Market Operations program.
According to FNMA president
j. Stanley Baughman, the new
prices range from 991a to 97h
for S per cent mortgages and
from SO to "a for Az per cent
mortgages. and in accordance
with usual mortgage practices,
vary by areas and by the amount
of the mortgagor's equity.
The new schedule will apply
to all offerings received by
FNNdA on or after December 4.
New prices for standby COM
mitments were also announced
by the agency The Association
will also issue standby commit
ments at "a for 5 per cent mort
cages and 80 for Az per cent
mortgages under its Secondary
Market Operations program.
Evening star., 1956-12-04

on the 500 par stock, adjusted
for the reduced par value" it de-
clared.
For many years it has been
the policy of directors to pay
reasonable dividends and at the
same time augment capital
structure through retained earn
ings, it added. This policy re-
suited in a 81 million stock div
idend in January, 1916, and an
other Of 81 million in January,
1854.
The bank has been paying
regular quarterly dividends To-
falling $12 a year and starting in
1948 has paid a special dividend
each December. The special
gradually increased until it
reached So a share for 1856, rails
ing dividends for that year to
$18 a share.
Evening star., 1956-12-04
'3s', $ BUSINESS
Riggs Plans 4-for-1 Split,
$75O,OOO Stock Melon
By DONALD B. HADLEY

Directors Of Riggs National Bank stockholders
to 4for1 stock split banks history and
a stock dividend Of $750.000 1924 per cent.
Board Chairman Robert " Fleming last night announced
that letter outlining the stockholders
who wiz vote at the annual meeting January amendments
Evening star., 1956-12-04

ary /, but will continue as chair.
man of the Board of Directors,
the company announced yes
terday.
Evening star., 1956-12-04
Western Electric Breaks
Ground for Big Center

Ground broken today in nearby Arlington County for
giant distribution and repair center for Western Electric
Designed with growing needs the Chesapeake
Potomac Telephone companies the multimon-
with $4,000 feet will be erected industrial
Of around South replace
Evening star., 1956-12-04
Colbert Sees Good Year,
Maybe Second Biggest

There is a very good chance
that 1857 could be the second
biggest year in the history of the
automobile business, declared L.
L. Solbert. president of Chrysler
Corp, in New York today.
AS an indication Of the big
year ahead, Mr.. Colbert said
Chrysler Corp. dealers placed
more than $4,000 orders for
1857 Plymouths, Dodges, De-
Sotos. Chryslers and Imperials
in the first 80 days after their
public introduction on October
80.
He said his company expects
to have shipped more than $780,
900 1857 passenger cars to U. s.
dealers by the end of December.
Evening star., 1956-12-04


sary to carry out the plan. Two
thirds Of the stock, must be
voted in favor of it.
The proposed split and stock
dividend will increase capital
from the present $7,250.OOO
divided into 72,500 shares OF
500 par value to So million
divided into $4,000 shares Of
$25 par value.
With Riggs shares now selling
at around $516 a share, a stock
split is considered advisable to
create a broader market for the
benefit of stockholders, Mr.
Fleming said.
The dividend rate on the new
capital structure of $25 par
value shares will be equivalent
70 the rate paid on $100 par
stock now held, Mr.. Fleming
added.
sAS the bank has been paying
dividends at the rate of $18 a
share, the indicated rate on $25
par shares will be $3.50 a share.
F9ice of SIPS Indicated
7 br New SIS Par Stock
However. Mr.. Fleming eau
tipned that directors will have
to flx dividend policy as condi-
tions warrant at the time. He
said that present market prices
and dividend plans indicate a
possible market price for the new
stock Of around $125 a share.
AS surplus totals SIS million,
combined capital and surplus
will be raised to $23 million. This
will raise the legal limit for any
individual loan Of the bank to
$2.3 million. or 10 per cent Of
the total.
Under the stock split pro-
posal. holders will retain present
shares, with par reduced to SIS,
and will receive three additional
$25 par shares for each old
share. The stock dividend Of
10000 shares will be distributed
at the rate of 3/29s of a share
for each share of $25 par value
after the split, Trustees certifl-
Gates of participation will be
issued in lieu of fractional
shares.
Providing stockholders approve
the proposal as expected, the
additional shares created by the
split and the dividend, along
with the certificates of participa-
ton representing fractiona /
shares, will be received by stock
holders January Is.
Stockholders will have until
2 pm. on March /, 1857, to either
sell certificates or round out
whole shares by purchase or
Otherwise. Shares representing
uhdistributed fractions will be
sold at the best available price
on March and proceeds distrib-
uted pro rata to owners Of out
standing certificates.
Quarterly Will Be Paid
on Old Stock First
Directors will meet January Z,
the day before the annual meet
ing. and are expected to declare
a quarterly dividend on old
shares to be paid before the new
shares and fractional certificates
are created.
Evening star., 1956-12-04
Quarterly Will Be Paid
on Old Stock First

Directors will meet January Z,
the day before the annual meet
ing. and are expected to declare
a quarterly dividend on old
shares to be paid before the new
shares and fractional certificates
are created.
The letter to stockholders, sent
out over the signatures of Chair
man Fleming and President Hull
bert T. Bisselle, said the first
dividend on the new capital will
be, declared March IL for pay
ment on April Is.
"Your board of directors will
give consideration to the amount
Of these quarterly dividends to
be declared. and in the absence
of changed conditions, it is ex-
pected that dividends will be
paid on the increased number of
shares of $25 par value at a rate
Of return equivalent to that paid
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-08
Lorconn Lane
CLoSE-IN WITH TREES
S20.95O

THIS 3-BEDRM WHITE BRICK
HOME J Has s 3 6ATH sAP PlR REa1ifIs
FULLY FINISHED WALKoUT REC:
RM ATTACHED GARAGE. SUN
PORCH PLUS SUN DECK THIS
SECLUDED BEAUTY is ONLY )
MINUTES BY PARKWAY FROM
THE PENTAGON. CALL o TO o.
]. WESLEY BUCHANAN. INC.
Radio Bldg. Arl.. Va. ia. 4-l155
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-08
STORES FOR RENT

NEAR 18th AND COLUMBIA RD.,
and garage included; excellent fol-
manufacturer or distributor. Ii
4-1511. TU. 2-1415.
COLUMBIA RID. CORNER, NV
VIII partition remaining 1000 So.
#. in mod. store in large apt. house
area. Dress shop and teweler ready
to divide with you 5000 So. IT.
in same attrac. cor: ideal for shoes
children's wear. etc. Reas. rent.
Call David Rosenberg, DREYFUSS
BROS, ma. S-05S0; ewes, Sun,
ia. 2-7S29.
IDEAL downtown location, suitable
for jeweler, gift shop. florist; near
large hotels and excellent transp.
CHAS. D. SAGER. INC. st. 3-4567.
EXCEL. LOCATION-Corner. 10Th
and M. Suit. for beauty, gift, dress
shop, etc. EN-. 2-6262.
BUSY LOCATION, suitable for carry
out shop, drugstore or other type
of business. Low rent. NO. 7-o419;
Sundays, RA. 6-7791.
CLOSE TO GEORGE WASH. HOS
PITAL--73S 23rd and 1900 H st.
NV. store, plus . rms. and bath.
BRODlE a. COLBERT INC, 1881
K st. NV. MA. S-SS75.
STORE with 8 apartments, desirable
location, Penna. ave. near CIV
Hospitsl. Low rent, $195. RE.
7-O077.
STORE FOR RENT-1.400 SQUARE
LARGE MODERN Sc SHOPPING
CENTER. FOR FURTHER INFOR-
NATION CALI, 10 o-0l61
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-08
SILVER SPRING

$500 GEORGIA AVE.
Only $3.50 per month rents this
modern store in the heart of Silver
Spring with heat and water fur
nished. Size. 16x60. Call Mr. Holland
II. g. SMITHY Co, SIl 18th st. NV.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-08

DUPONT CIRCLE AREAS units:
conv. apt. house; priced 5M times
annual rent. OWNER. DU. 7-07G4
80 UNITS near Arlington Towers at
less than ga times rental OF over
81 900 annually. Fully occupied
Va. $4,000 minimum cash re-
auired. TIE. $4,000, XII. $3.50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-08
HOUSES for SALE, NV. tcont.I

GEORGETOWN - Handsome ga
unit apt. house partially restored:
Capitol Hill-Charming large liv-
ing rm., new tile baths garage
Sl7,500.
Chevy Chase-cute as q buttonI
STEVENS REAL ESTATE, FE 3-4947
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-08
HOUSES FOR SALIVA.
SHORT ONCASH?
Purse Appeal

Eye appeal. It's an attractive g.
porch overlooking a beautifully land
scaped yard. Here's the clincher,
only $4,000, $1,000 down and as
S24 per wk. incl. taxes and ms.
It's overflowing with values for
the buyer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-08

We think this brk. Colonial home
May we prove it to you? 20-ft. liv.
rm. with firepl.. formal-size sep.
din. rm.; 3 bedrms.. full bath on
Ind floor; front scr. porch and gar
age: located in the middle of one
Secons oWsrnS shsas tSsss ss
clude this home. Reas. priced at
SlS,95O. Subject to CT appraisal,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-08

1892 10th ST. N.E.--Store, 20x75
it., suitable any business, wholesale,
service, showroom, Offices, light man
ufacturing, modern light. Convenient
location: plenty parking ,ets Very Very
st. ne.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-08
NO On. PAYT.

TO QUALIFIED PURCHASER
Viers Mill-Det.. . bedrms.. GAO
heat: fun bsmt. with rec. area; ex-
eel cond. Immediate possession. HU
3-4922. days; OF. 4-9540, ewes
and week ends.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-08
Expansion

Can be found in this appealing
brick-and-frame Cape Cod: . bed
rms down, and upstairs can be
den or playroom. Price tag only
Sl3,95O. Subject to CT appraisal.
$500 down CT. A young home in
perfect taste, unbeatable value and
perfect location. Worth your while
to look at It..
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-08
CoLORED
RTWER TERR ACE

BEAUTIFUL NEW 3 BEDRM. HOMES
Facing park and waterfront. only
River Terrace. VA. FILA approved.
from S11,950. Open Sun. IL Noon to
dark. through week pm. Till dark
till all sold 300 block Anacostia ave.
ne. Is. of Benning I'd. to houses.)
Charles Dsvy. RIVER TERRACE CO..
III 1-2@0O
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-08
Your Home Is You

Invest . little more and have
glowing pride. This dazzling clean
3-bedrm. ranch style is sure to
meet the approval OF every member
of your family. All Westinghouse
cleo, kit. Full bsmt. Lovely corner
lot. Beautifully Handicapped. One Of
Vienna Woods Full price, Sl5,250.
FLA and conventional financing
available.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-08
Economy

Is the key OF success. You can
buy this 3-bedrm. Cape Cod with
less than rent. Gift. iiv' rm. With
hrepl.. Many extras, incl. storm
windows and doors. washer, screens
and Venetian blinds. A worthy buy
for non-GI's. Full price only S12,-
100. Conv, to new Seven Corners
shopping center.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-08
WAREHOUSES FOR SALE

NEAR 9TH AND q SITS. NV
Small warehouse, 5000 So. IT. Of
Ind. commercial ground. VIII build
add bldg. for purchaser. Call B.
NJ. ODUM, RE. 7-5216.