davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-01

so great that there is never
going to be a third world war.
assuming we maintain that
deterrent power with reasonable
effectiveness based, of course, on
the advances of new weapons,
he declared.
Gen. Gruenther said he is not
equally sure of Americas sue
cess in the cold war.
1T is in this field (rather
than in the military phase, that
the Soviets have shown a re-
markable capacity, not neces-
sarily to lnstill their own system,
but to interfere with ours. g..
What I am not so sure of is
that the rest of the world gives
us the same pre-eminent posi-
ton In the field of leadership,
in the field of the necessary wis
dom to lead the world through
this difficult period but I
am sure we can acquire it .
and project it :"
His audience included Defense
Secretary wilson, Postmaster
General Summarized, Treasury
Secretary Humphrey. Donald A.
Quarles, Air Force Secretary:
WILDER M. Brucker, Army Secre-
tary: Harold E. Stassen, presi-
dental assistant for diSarma-
ment. and many other Govern
ment leaders.
1 Mr.. Kimball. in presenting the
citation. described Gen. Gruen-
ther as a man who can do any
/ job this country needs to have
done as we'll as any man we have
today" The Red Cross presi-
dent. who also plugged the OPEN
ing of a March drive for funds,
has been mentioned for several
high posts. including Secretary
of Defense and Secretary Of
State.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-01

principal in the case and all who
had provided clues.
The FBI men questioned Vern
Lowering, 43. of Glendora, N. j..
who is being held on charges he
molested another girl in the same
area. lowering has denied ever
seeing the Barker girl. Il
The little girls parents, Mr..
and Mrs. Frank Barker, still
hadn't received a ransom note.
Mr.. Barker. a radio and tele-
vision manager for a Philadel-
phia department. store, today re-
sumed his individual search,
touring the Bellmawr area in his
car.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-01

countries are having economic
difficulties. and there is a ten
dency now tfor them to reduce
ttheir) forces. 1t is a fact that
there was division of opinion
with the allies over it.
There also was a serious divi-
sion over the Middle East prob
lem, although that is largely
healed now"
Progress Noted
| But the difficulties are being
met. he declared, land the
progress we have made has been
significant"
He told the heads of most of
the Nations top-level ornaments
firms that our allies know that
security can be found only in a
mutual defense system, but I'VE
must always make it clear
to ourselves land to them that
We are in that system not as
an act Of charity. but as an
enlightened self interested"
country, which is willing and
anxious to aid needy nations.
In his plea for continued
foreign aid and in obvious refer
ence to Middle East affairs, sub
jectS now under debate in Con-
gress. he pointed specifically to
the need for continued atten-
ton to underdeveloped
countries which constitute
some one-third of the rs billion
people on the globe for whom
there is high-grade (psychologi-
cal and economically competition
now" The statement was inter-
oreted as an about Endorsement
Of administration foreign policy.
If the present system of al
iliances had been in effect years
ago. he said, World War II may
not have happened.
Our deterrent power now is
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-01

Training Commission. 1t is given
to an individual whose leader
ship has promoted significant
understanding and cooperation
between industry and Govern
ment in the interest of national
security"
Maj. Gen. r. L. Maxwell. re-
tired. chairman of NSIA's board
of trustees. presided over the
banquet ceremony.
Presidents Backing Seen
Gen. Gruenther. a wartime
associate and close personal
friend of the President. gave the
impression to many observers he
was bringing a message directly
from Mr.. Eisenhower, particu-
larly with his plea for continued
faith in NATO and more foreign
aid.
Il know it is fashionable at this
time to say that NATO is falling
apart, and it is very easy to
point to several defects" he said.
Certainly the shield that is in
Europe now is still not strong
enough to give a positive guar
antee that we can defend sue
cessfully against an about action
of aggression.
1T is also a fact that certain
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-01

ltSelI against an About attack.
He added however, that the
the allies is now so great that
third world war. assuming we
maintain that power with reas-
enable effectiveness. )"
This, he said, will require more
American assistance in the form
of foreign aid for some time to
come" and the Vests steadfast
faith in the system of defense
by alliance.
Gen. Gruenther, former NATO
commander and now the presi-
dent of the National Red Cross,
aired his views of the role of
the United States in current
world affairs while accepting the
annual 1856 James Forrestal
Memorial Award from the Ma
tional Security Industrial Asso-
citation in the Sheraton Park
Hotel.
1900 Hear Speech
Some $500 guests, including
outstanding leaders in Govern
ment and industry, witnessed the
presentation by Dan A. Kimball,
former Secretary of the Navy
and chairman of the award COM
mittee.
The only other recipients of
the medal and citation. are
President Eisenhower and David
Sarnoff, head of the Radio
Corp. Of America and chair
man of the National Security
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-01

sioner Robert Mclaughlin today
This years campaign to bring
attention and help to more than
IL million school children in the
Nation with visual problems is
honoring the Tooth anniversary
of the National Education AS
ISOLATION, composed of more
than 100000 teachers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-01
ADVERTISEMENT
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Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-01
D. c. Heads ProcIuim
Suve Vision Week

"Save Your Vision Week." be-
ginning Monday, sponsored by
branches of the American OPP
tometric Association, was pro-
claimed by District Commits
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-01
Deterrent Role
Stressed by Gruenther

Gen Alfred Gruenthr declared here last night that the
North Atlantic Treaty Organization still
give the West positive guarantee" successfully defend
itself against about attack.
He added power in the hands of
the allies is great that there going
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-01

Fully automatic with clock end
timer; deepwsIl, push. button con.
trolls; both ovens broil; huge sor.
ogs spoee. IN factory SEALED
CARTONS. with Full FACTORY
WARRANTY.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-01

Beautiful modern streom-
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ToRY-SEALED CARTONS
with FULL FACTORY
WARRANTY.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-05
BUSINESS
BRIEFS
Primary Magnesium ingot

Primary Magnesium ingot
production in the first half to-
tailed Al, 267 tons compared with
37,l3l in the like period year
ago,-Magnesium Association.
Westinghouse Elec. Corp. an
nounced it has received orders
for approximately 81 million
worth of electrical equipment
as part of a major project at
the Massena, N. Y. plant of the
Aluminium Co. of America.
Creole Petroleum in 6 months
ended June 80 earned $221,-
648,000 or $2.86 a share VS..
Sl58,655,000 or S2.04 in 1856
period.
Time. Inc. in 6 months ended
June 80 earned 1881, 300 or
1915 a share VS.. S8,627 300 or
SAB in 1856 period.
Amerada Petroleum Corp. in
3 months ended June 80 earned
S6,90l BAL or $1.09 share VS..
S5.929,028 or "a cents in 1856
period.
Pillsbury Mills, Inc, in year
ended May 81 earned S4,006,751
or $4.04 a share VS.. $4,375,728
or SAP in 1856.
Other earnings included:
For u Months Lnded June 30
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-05
Stocks Losses
Range 10 s.;
Trading Slack

NEW YORK, Aug. S (P.-
Stock prices turned lower in
the early afternoon today in
sluggish trading.
Losses ranged from fractions
to almost 3 points among
pivotal issues. Gains were
mostly held to fractions.
Brokers said the decline
was based on technical fac
tors. They said the market
was heading down to test an
area in the averages where
investment buying may be ex-
pected.
Rubbers. aircrafts and metals
we're the weakest divisions, with
numerous stocks down between
] and 2 points, Rails, oils and
Steels also were depressed. Mo-
tors were off only slightly, and
utilities made narrow gains.
Phillips Petroleum bucked
the tide with a gain of y after
a progress report on a discovery
well in Alberta.
Pan American World Always
rose 20 after announcing il
would start service next month
on direct routes from the West
Coast to Europe via the North
Pole.
Another gamer was Zenith.
which rose point, while Phil
CO and RCA held about steady
Douglas Aircraft fell about 3
points and International Nickel
was down more than 2.
Of between and 2 were
Goodyear, Goodrich, Boeing
Union Carbide, America n
Smelling. General Electric. and
Amerada.
In the steels, Lukens dropped
more than a point, with United
States Steel and Bethlehem
losing fractions.
Corporate bonds moved high
err. Government bonds were
steady.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-05
CHFGO LIVESTOCK

CHICAGO, Aus : P tUSDAD -
Salable hogs $. 300: moderately active
mostly - lower on butchers and soWs
instances 81 lower on butchers over
24U 10 and sows over az 10 Eooc
shipping demand. No 81 2Ub-2SO il
putcherS 225-22 90 numerous lot
ElO-9ou 10 - 30. around $50 heac
NO J.? 2l0-24O ID 2215 weights ovel
$50 10 scarce lot No : around 3lf
10 al p 30, few mixed Grade lot | so.
100 10 = 00-2@ 90. larger lots nixeo
grades 33O-4uu 10 sows la0O-3O rs
Few lots 265-325 ID 20 1i-2l 90; mos
4@5-525 ID l1.OO-ls75.
Salable cattle Loo: calves 200,
cnolce and prime steers moderated
active, steady to strong: steers grading
gooo ana below. steady TO weak: heif-
erS mostly steady. cows steady bulIs
about steady vea!ers fully steady,
StockerS and feeders steady more than
loads prime 6tl-l3AO ID steers
- 20. several head IS 80: bulk choice
and prime steers 150n.oS 90. load
lots. mixed choice and prima grades
Soid to - 80: good to low choice steers
y uU-24 10. few standard steers ~ 90.
= .an' nigh choice ard prime heifers
- OU-26 50. good to average choice
graoes y O0-1i ST.. standard cows
- 40 30; utility and commercial
~ % q 90; brlk Gamers and cutters
~ 90 3 80. utility and commercial
bulls Is SOL 30 good and choice
vealers . .On-"5 90, most Gull TO
standard grajeS 10 On-2l 90. good and
choice ShO-aO0 ID feding steers y co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-05
PEOPLE
BUSINESS

William Mayors, general
manager for United Convention
Services, Inc. says business
was up IS per cent in the year
ended June 80 and reports the
addition of a new govern
mental and trade association
visual aid department.
Eben S. Smith has been
named director of the new art
department in the Washington
office of S. Gunnar Myrbeck
& Co.
Leonard WOrOnOff has joined
the staff of Mamie R. Klein
Advertising, Inc. as an account
executive. He formerly was real
estate editor of the Washington
Daily News.
BENJAMIN Miller. formerly
assistant m a n ager of the
Washington Office of TV Guide.
has been named Southeastern
regional manager at Atlanta,
Ga.
The Brem g. Klein Agency
was among the 10 top agencies
of American Life Insurance Co.
in June production.
Edwin L. COlOdny, trial attor-
ney in the Civil Aeronautics
Board, has resigned to become
assistant to President Leslie o.
Barnes of Allegheny Airlines.
He viii assume his new duties
September 3.
WadSwOrth Bugg, jr., Fred
erickSburg (Va.) district en-
gineer OF the Virginia Electric
& Power Co., has been pro-
NOTED to district superintend.
ent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-05
CHICAGO GRAIN

CHICAGO. Aus ; B-Most grain
FUTURES showed small price movements
IN either direction on the Board 81
TRADE today although SovbeanS and
Sheai climbed around a cent a bushel
early.
Some mill. buying was reported APP
paTently rejecting spring wheat -four
sa!eS out the volume was not up TO
the heavy recent business
strength in sqybeans largely re-
hected higher prices for soyhean meal
az me start brokers said
Near the end Of the first hour new
s septsr0 meat sJ was to ! cent, hiehsr
higher, September sl.3li4. oats were
UNCHANGED to = higher Septem Der
host. rye was "a 70 Ia higher. Sep
iesmoer 80 !. soybeans were - to
lard was ) to Is cents hundred
pounds higher September $3.50
Irade authorities said the recent
heaYy volume Of business in winter
H Sd6 nour totaled around - million
lO0,-pound sacks However they quoted
mil sources that a lull now prevailed
and Il appeared that large amount
o. me eApectaole business had been
Traders paid scant attention 10 a
government announcement that Il will
orer wheat farmers an average az
SInSS per acre. ~ cents more than
last year Tor land retired from pro-
auction In the 1858 soil bank acreage
reserve program. The government said
y nope dto pull out about } million
acres OF wheat out Of cultivation com
pared with - acres this year
Harris Upham Co said that n
farmers withdrew the maximum from
production, they still would grow. ac-
coroing 20 this years Yield. abou, 100
million bushels more wheat than this
year The arm said this appeared 10
make the current price Of the nov
erop July wheat contract "Tidiculously
The estimate Of c " Calvin. crop
authority for Francis Dupon, 4 Co
Tor corn erop OF 3.OS9 400 adO
husheS was not considered burden some
hv traders The corn and soybran
crops nov. are in the critical growing
stage The Santa F. Railroad crop
scpor' SAID corn and SoybeanS appear
W DAYS TO two weeks behind normal
The Baldwin Elevator Co ~ Decatur.
H. said both crops are making good
progress. however
Soyhean bids by professors we're in
creased another cent last week Sow
bean receipts today totaled aI5 cars
much larger than recently.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-05
A. c. DAVIS, 90,
RESIGNS AS
ALCOA CHIEF

PITTSBURGH. Aug. S
(R).-Aluminum Co. of
America announced yester-
day that Arthur C. Davis.
go, has resigned as chair
man of the board and as a
director of the company.
Mr.. Davis letter of res
ignation said his decision
was prompted by "the pres
sures of other business in
terests, centering chiefly in
Florida. He now lives in
Florida.
The directors did not
name a successor. Mr..
Davis had been a director
since 1892 and chairman
since 1923.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-05
N. Y. PRODUCE

NEW YORK Aug 5 ~ CuspA) -
Butter steady to Arm Receipts Bl5.-
900 Wholesale prices on bulk car
tons lfreshl Creamery. % score
tAA dnl4 -60ig cents % score tAl
bu-bnia 90 score tBl 5S14 -5!i. 80
score &C. unauoted Cheese steady
Receipts IL 600 Wholesale sales.
American cheese whole milk. Ched !.
dars AGED i5-5"is cents. single daisies
fresh 3Si9-iOi2 single daisies aged al.
81 fats AGED i6-5l. processed ched
dars : lbs 37-4O domestic Swiss
wheels Rrade a Ic-46: erade n"
lO-4tl: grade c. 35-4a.
Wholesale egg prices steady Receipts.
~ $500 New York spot quotations
follow MidweStern: Mived colors
Extras dS-i0 lbs) 42-l4i2. extras
large fj-iS lbs) 3g-4" EXTRAS medium
~ ls-31ls' standards large aS-3i.
checks "A-"5is Whites teXtras 4S.5n
lbsl iA44is. extras large t45-4S lbsl
IH-f"; extras medium 37-36 Browns
Extras tfS-50 lbsl 43-43i9
Nearby whites. Ton quality as.
30 lbO t1it-iiig. mediums a1-31ig:
smalls "hi2 go. peewecS ti-iTi,
Browns Top quality $3.50 lbO a.
80 mediums i0-4iis: smalls 3O-3i
pccwces li-l1ts
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-05
Metal Trade
Sees Gains
In I'd Half

CLEVELAND. Aug. 5 (P).-
The Woodworking industry,
which recorded a generally good
first half this year, is looking
forward to a slightly better
second half. according to the
magazine Steel.
While five out of six firms
queried expected a better second
half, few thought it would be
substantially better.
The publication declared that
steel buying is on the upturn,
with improvement apparent in
practically all products. Aug
ust order volume is lettering
that of July. and prospects are
promising that substantial ton
mage for September delivery
will be placed before the end
of this month, Steel said
AS for inventories, most fab
ricators have 80 to 60-day metal
inventories. and buyers seem
we'll satisfied with present
stocks, the trade magazine re-
ported. Seventy-five per cent
of the respondents to steel's
quarterly survey expects no
change in stocks in the fourth
quarter
Steelmaking operations Slip
ped a half point last week to
70 per cent of rated capacity,
which would provide a yield of
2,022,000 net tons. For the past
month or SO production has
been lowering around 70 to 81
per cent of rated capacity.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-05
Exports and Imports
Decline During June

The Commerce Department
reported today that United
States exports and imports in
June dropped below the May
level.
Exports of domestic and for
eign merchandise totaled ST.
78l 100000 CB). about 2 per
cent below the May figure, al
though about 5 per cent higher
than the June 1856 total.
Imports during the month
totaled 1888 million dollars,
down IL per cent from the pre-
ceding month and about 5 per
cent less than the total re-
ported for June of last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-05
TRADE
WINDS
Inv Lou SCHNEIDER

The word in financial circles
is that the Presidents Council
of Economic Advisers pulled a
statistical boner in estimating
corporate profits. In a gleeful
flow Of words the council placed
the first quarter before-tax
profits at an annual rate of
S46.5 billion. That's an error.
1t was at a rate of $43.9 bill
lion. In other words, the
squeeze on corporate profits is
continuing, not abating as the
councils figures suggest.
Profits still run high, said a
bank economist. but while al
most everything is going up,
profits are actually going down.
In 1856 the gross national
product was 64.4 per cent
higher. but corporate profits
were up only l.6 per cent. That
pattern is continuing in 1857.
Most securities statisticians fail
TO make mention of this peril
nent factor.
Corporate executives say the
trouble is increasing pressure
in selling competition. and the
fact that people arc showing
price resistance. AS if that isn't
bad enough, said consumer
goods maker, costs of labor and
materials are again climbing.
In nutshell, corporate cash
tillS still ring a merry tune, but
profit is becoming a more elu-
Sive item.
4
The administration IS SLIM
ming down the military force to
a new look but don't expect it
to curtail spending velocity
this year. The disarmament
talks and major shakeup in
Communist Russia's top eche-
lon don't fool anyone. Despite
reports Of cutbacks in defense
preparations, actual spending
for national security may ex-
coed last years total by some
81 billions. On top of that.
spending by state and local
governments is expected to
show an increase of about SO
billions over last year.
consolidated News Features
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-05

Hourly Sales on the EXCHANGE
lli0Oam $40 600 1900 noon 900 600
l'OOpm ! olo 600 400 m 600 600
iUnit Of TRADING 10 shares OF sales IN
tull Rates Of dividends In the foregoing
table. are annual disbursements based or
the asst quarterly o. semi annual dec
laratiOn Unless otherwise noted special
o. extra dividends are not included
a Also extra OF extras b Annual rate
plus stock dividend d Declared on paid
IN 1857 plus stock dividend pair last
year Payable IN stock during 1857
estimated cash value on ex-dividend or
redistribution date gDeclafed OF paid
after stock DIVIDEND OF splil.up X De.
glared Or paid this year, an accumu
latiye. issue with dividends in arrears
p PAID this wear. dividend omitted de.
lerfed or no acton taken at last divi.
aend meeting Declared OF paid In
1886 plus stock dividend PAYABLE In
stock during 1856 estimated cash value
on ex-diYidend OF redistribution date
y. LiguidatiuR dividend cid Called xEx
dividend KIDS ES distribution xr III
rights Nv Without warrants WV With
warrants. wd When distributed WI When
issued nd Next day delivery sln bank.
rupicy or TeceiyerShlp or being reor.
Kanlzed under the Bankruptcy Act or
securities assumed BY such companies,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-05
NEW YORK COTTON

NEW YORK. Aug ( P.--Cotton IN
lures were mixed in forenoon DEALINGS
today Prices started easy on selling
caused by further Optimistic crop adj
vices
The decline, however, attracted a
somewhat broader demand from textile
mills and prices for nearby contracts
rebounded
Noon prices were 35 cents bale
lower TO 10 cents higher than the
Der "a 20 and March 3i35
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-05
FOREIGN EXCH'GE


NEW YORK. Aus. = ~ Foreign
exchange rates follow Great Britain
In dollars, others In cents UNCHANGED
unleSs otherwise noted
Canadian dollar In New York open
market 50 per cent premium or
los A5is u cents
Europe Great Britain (poundl
s. 5S a. IN 2 g. 39-day futures
+. ii-2i 80, Up a2. nO-day futures
- ~ ~ = =. BelRiuu franc
an} up Ont France franc . ssa
OF n cent Germany Western
idcutSChe mark - so Holland
tguiiderl % up ui italy tirai
1873 of n cent Portugal teScudoi
3 30, Sweden lkrnnai ~ 80 Switzer.
land franc free t3i Denmark
tkronel 80
Latin America - Argentina dreel
" 10 Brazil tfreel ! ~ On q" Mex
leo sol. Venezuela tholiyarl 30 on
Far East-Hong KonR dollar IL SO
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-05
MUTUAL FUNDS

NEW YORK, Aus. ; LR.-National
Association OF Securities Dealers, Inc
Moon Quotations.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-05
METAL PRICES

NEW YORK, Aug. 3 OPl-spot non :
ferrous metal prices today Copper
2hl4-2Ol. cents pound. Connecticut
valley Lead "a cents a pound New
81 Louis Tin abia cents a pound New
York FofeiRn silver nO1a cents per troy
ounce. New York A. Piitsburrh SCRAP
steel No ! heavy was quoted At 81. 90
Al 40
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-05

NuNl n LotnrCD 40 40
Wdwd e. Lothrop pf s 90
xES dividend Books closed tPlus
extra or extras. Declared or pAid so
far this year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-05
ODD-LOT DEALINGS

NEW YORK, Aus 3 HH.--The New
York Stock Exchange reported today
these odd-lot transactions BY prirei-
pal dealers IN the exchange for August
Of ihb.iis shares Including llOt
Eharpe sold an 49,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-04

fight to preserve school segre-
CATION.
Mr. Thomson's comments to-
day came when a reporter
asked If he intended to vote for
renewal Of the measure.
Il want to be in a free posi-
ton to take the best action to
preserve segregation. so ! can
not say at this time how /
win vote" Mr.. Thomson said.
Il believe the fund-withhold-
ing law is the best thing we
have come UP with so far, but
who knows, something better
might be proposed"
He said other States with
fund-withholding laws. such as
South Carolina, Alabama and
Mississippi, weren't having any
school indignation difficulties.
PrObed Racial Suits
Mr.. Thomson sponsored legis-
lation creating one Of two COM
mittees set up by the Virginia
General Assembly last year to
investigate groups promoting
racial litigation. In the July
primary Mr.. Thomson won re-
nomination as a segregation
candidate over Albert A. Smoot.
who campaigned for local pupil