davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-03
BUSINESS
BRIEFS

AACesNJ OVAhogh oOehOM NO4ltA 0Cbf
reported in the week ended Mon.
day amounted to $476,032, 900
consisting of $l73,545,00 In
private and 1902. 487. 900 in public
construction. compared with
l$439, 1927, 900 the previous week
and $3.50 .020, 900 for the like
week in Notwithstanding News
Record.
Rail freight loadings for thu
week ended April q at 800. 78s
go 10 sIeo 6cs'e ssM sIuL 'slss
per cent above the preceding
week. but 89.188 cars or ia pei
cent below the same week last
year and 35,111 cars or 4.8 pei
cent below the like week two
years ago.-Association of Amer.
lean Railroads.
Pennsylvania Railroad an
nounced it ordered so more diesel
locomotives. They will be built
by General Motors and will cost
approximately $9,750,000
Fifty locomotives were ordered
by the road last october.
Dow Chemical has offered a
high bid of $19,370, 900 for the
Government owned magnesium
plant at Velasco. Tex. The only
other bidder. velasco Magnesium
entered alternative bids of sic
million or $40 million, depending
on the method of payment. The
bids were taken under advise
ment.
Reynolds Metals has received
an order for 275 miles of cable
conductor. to be supplied to the
New York State Power Authority
The $1.259. 900 contract calls fol
delivery Of the cable, weighinf
! ATS, $50 pounds. by August.
/ The Joint Senate Hous
! Atomic Energy Committee ha
approved q proposal for Gov
ernment liability protection Vi
to $500 million in case Of a dis
aster at q commercial atomi
power plant.
Virginia Carolina Chemical re
ports for nine months ende,
March 81 net income Of 1851 SOC
equal to $l.70 a share on tn,
preferred stock. compared will
$5l4. 706, or SAL a preferred
share in the like period in 1856
Net sales Of $44,298, 800 thi.
year compared with $45,33I,37'
a year earlier.
Arkansas Fuel Oil Corp. reports
net profit Of $2.235,480, equa
to SO cents a share, for the
first quarter of 1857, compared
with earnings of 81, SOC, 676, OF
so cents a share, in the like
period last year.
Commercial Credit report:
consolidated net income, after
deducting minority interest.
totaled $6.447.972 or $1.28 a
share for the first quarter OF
1887. compared to $6,434,l75 OF
$l.28 q share last year in the
same period.
Fibereboard Paper Products
Corp. reports net sales increased
rs per cent to $30.172, SIS in the
FIRST quarter Of 1857 over the
first quarter Of 1856, but net
profit dropped. Net for the
first three months Of 1897 was
$975.l60. equal to so cents per
common share. compared with
81. 058,4 08 or 66 cents a share in
the first quarter last year.
Other earnings reported:
For the Quarter Ended March 81
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-03
NEW YORK PRODUCE

MN, NEW wv YORK. May 3 Up (usDAl.-
Receipts. 10000
lWholesale selling prices based OF
exenange and other volume saiesJ New
n VIZ. SPOT quotations follow: Include
~ poundsl, 3l-32: extras. large (l5
~ pounds. 30-3l: extras. medium, 20
5e: standards. large. 30-3i: checks
32-33: extras. large t4S-is poundsI
~ -32: extras. medium. 30h-3l. browns
extras t4s-60 pounds. 1894.
Includes nearby, whites, top auaIit,
s4s-6O poundsl. 3eh-34: mediums. 3Ois.
a; smalls, 27-2S Browns. top quail.
81 -32; smalls. 2s-20h.
Butter steady, Receipts. $4,000
Cheese steady. Rseeipts. none. Price,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-03
Steady Trend
|OfEconomy
May Continue
BY SAM DAWSON
Associated Press Financial Writer

NEW YORK, May disability
is the key to business thinking
these days. A sideways movement
for the economy as a whole is
what the majority is now pre-
dieting. rather than q pro-
nounced downturn which many
feared earlier in the year.
The big question, then, is
whether something will come
along late this year to set of
another upward surge after the
breather. Many stock traders are
betting that something will.
And bankers point out that
the Federal Reserve Boards
thinking appears to be along
that same line.
| They note that the board
hasn't relaxed the tight credit
policy as it was urged to do when
fears Of a recession were wide-
spread. The board, they say
seems to hold that after the
sideways movement has con-
ltinued for q time - perhaps
Through the summer - infla.
ltionary pressures viii build ar
again. with a new boom as likely
as not.
| 1858 Recalled
| Bank economists recall thai
in 1858 when a recession wa,
sighted in the making, the Fed.
Ieral Reserve reversed its tight
money policy and made credit
easy in an effort to hold the line
and encourage spending. This
time apparently it hasn't beer
as impressed with early signs Of
or fear Of, a recession.
What could set OF a new up
turn? It could be increased con-
sumer buying-like the splurge
in 1855 Of going into debt for
new cars. appliances and homes
It could be increased govern
ment spending - by Federal
State and local agencies-com-
ing on top Of a continuing high
level Of business spending for
new plants and particularly for
new equipment. Fresh war scares
and costlier weapons could keep
defense spending rising steadily.
And it could be a less spec
tacular thing. a shift in business
thinking that by fall would re-
verse the current policy Of trim
ming or holding down inven-
tories. Some industries already
contend that their customers
have gone about as far as they
can in living of their inventories
and must soon step up their
ordering.
None Of these possible forces
to set of an upturn is in sight
now, however. The overall side
ways trend-in which strength
in some lines offsets weakness
in others-appears to most OBJ
servers as likely to be with us
for awhile. Since this leveling of
is at very high level. and since
the adjustments In the depressed
industries aren't spreading. the
general business sentiment is one
Of confidence again.
At the same time there is lit
tie belief that new strength in
the economy will develop soon
or In enough force to start q
broad upswing before fall.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-03
CHICAGO GRAIN

CHICAGO, May 2 M.--orain futures
held around steady In early dealings on
the Board OF Trade today.
Wheat moved q shade higher on news
that cars o. red wheat had been
overnight rains in the southwest, were
warmth and sunshine Is needed for de-
yelopment of crops. was another factor
that brought BUYERS into the market for
the bread arains.
new wheat was y lower to Y hisher,
july s2.QsM, corn was y lower to y
|higher. May $i.SgN, oats we're un-
owen 70 hishe r'' May s sYYish,. rs soy !.
beans " to - HIGHER. May $2.42, and
lard was > to 10 cents hundred pounds
h'yher, May S1j.65.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-03

livestock products than 10 years
ago. A full $500 of our extra $500
is going to food professors and
distributors and SIS is going to
food importers.
/ Mystery" Is PrObed
Once again, Congress is set to
dig into the mystery" Of the
! disappearing food dollar. Once
again, 1t is going to try to find
lout what raises the cost Of food
as it moves from the farm to our
table.
Next week-on May 7 and g.
la House Consumer Study Sub
committee will hold hearings
here on "the reasons for rising
food costs during a time when
farm prices were declining" Its
chairman. Representative Anfu-
SO, Democrat of New York, has
called representatives of the food
industry, national farm organ
izations, the Agriculture Depart
ment. ETC., to testify.
Well. I can tell you what the
facts will show.
More and more dollars are be-
ling absorbed by the marketing
process" which covers every
service from the farm to the
local store. This embraces every
thing from sorting and packing
to dressing and baking. It runs
the range from transportation
i!of the foods to the details of
retailing.
/ And these extra dollars are be-
ing absorbed because:
i Employees in the services are
getting more money. In the 10
year period, hourly earnings Of
Ifood-marketing employees have
risen 81 per cent.
Taxes lin the middle"-sales
taxes, gasoline taxes, transporta-
ton taxes-are taking more. OF
every S. we spend for groceries,
about 81 goes for so-called
hidden taxes.
Transportation Costly
Transporting the food is be-
coming increasingly costly. In
l945. transportation cost us less
than 6 cents Of every dollar we
spent for food. Now. it takes 8
cents.
/ And we're putting more expen-
sive foods into our market bas-
kets-fewer potatoes ana more
meat. fewer cereals and more
poultry.
/ If we reduced this to the
ridiculous and eliminated the
farmer altogether, it wouldn't
make too much difference! The
farmer receives only 2 to 8 cents
for the sweet corn and peas in
the cans which retail for 10 to
l22 cents. He gets only 2.3 cents
flor the tomatoes which 60 into
a can retailing at is cents.
4 Is there any hope for relief
for us. the city buyers Of food?
/ Yes, some. Through research,
the food industry hopefully can
find ways to lower costs. Through
higher efficiency and produce
tivity, the various segments Of
! the industry presumably can
level OF the trend.
Meanwhile. though, the fact
remains: The key to the retail
food trend doesn't lie in the
prices paid to the farmer. It lies
in the prices paid to all who
; come after the farmer.
There's no mystery or con-
|, spiracy to (which is what
Congress viii find out next week
tcopyright 1857. Han Syndicate. Incl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-03
ETALQUOTATIONS

NEW YORK. May = 1.--spot non.
3e eents 4 pound. Connecticut valley
L IsE I 10 cents pound; N:y York: zlns
AZ es Ssn" I povnc' Esss y LOUIS; Ti1
silver DIS cents. per troy ounce. New
foH 9srap steel No. heavy a2.O0.
900, Pittsburgh.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-03

Ynsstsh4T Sc 3 il2b liza il2lt- Y
Ynsststl Dr Is 40 ava az 275S+ X
Zenith RAD 3a Sl1S ia 11a ~
nourly Sales on the kHehange
u 90 an $50 600 ~ noon geo goo
s.. q Ssa.S * :;s p ,O :::
table ar annual dlsburuements based on
the last quarterly OF semi-annual decla.
ration Unless otherwise noted special
Ior extra dividends are not included
plus stock dividend declared or paid
10 1871. plus stock dividend paiq last
estimated cash value on ex.divldeno o.
. tsi tSs yea. Sa bsssTsS q p OsS
tins year an aseumalsIIy. i.sas vim
yS:nS On m s'' S,.s s's 81 sn o as sSs
taken 81 las. dividend meetins rpe'
elafed o. paid In 1858 plua sloch .diyl.
dend Payable N stock during 1868
estimated cash value on sx.qiyidenq Or
ex.distriputlon gate > Llauidatins diyk
sn s... IS Ss'' ri S.s'ns %sH:
.s. d S;', ds, ssusr rS:s g g
rsesiysrship @ beine tsoF.anl.sa nns.F
sumed ~ ench eompADioA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-03
ODD-LOT DEALINGS

NEW YORK. May . W.-Ths New
these edd-iot lransastleni ey .prln:l.
rs dsss, d On t 'n :sss ,of s Hsy Ii
2ssqs shares including i.asa shares
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-03
MUTUAL FUNDS

NEW YORK. May 8 OR.-NationaI
association Securities Dealers, Inc.
(NOOn Quotatlnnal
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-03
Sales

Stock and Add Ne,
dividend Rate 90 High Low l:iB eng
Murphy % 4 36M IS 36N+ v
Murray Co "a - aszs ASA 40 = Il
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-03
DIVIDENDS

NEW YORK May R.-DivIdendr
announced:
Pc. stk. Of Pay
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-03
YOUR
MONEYS WORTH
SY SYLVIA PORTER

livestock products than 10 years
ago. A full $500 of our extra $500
is going to food professors and
distributors and SIS is going to
food importers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
7 eumsters Set
Strike Action
By the Associated Press

Top ranking Transfers Union
officials have voted unanimously
in favor Of q strike against
Montgomery Ward & Co. unless
the mail order house changes
Its position on union demands.
The unions four conference
Ichairmen took the action yester-
day. four days after the Team
|sters announced they had broken
on negotiations with the firm
because I'VE are unable to reach
any basis for continuing dis
cussions." The talks at that time
had been under way only two
days. the union said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
City Aide Quits
In New York

NEW YORK, May % (R.-
Mayor Robert Wagner has an
nounced the resignation of Har-
vey L. Strelzin. chairman of the
board of assessors. Mr.. Strelzin
has been under investigation
about a garbage hauling firm in
which he has a Is per cent in
terest.
Minutes before the Mayors
office announced his resignation
yesterday. Mr.. Strelzin told q
news conference nobody has
requested my resignation-I do
not intend to resign"
Even after the announcement
Mr.. Strelzin insisted he had not
resigned. He said he had merely
asked to be relieved Of his duties
in order to defend himself before
a congressional committee that
plans to can him as a witness.
Mr.. Strelzin's job paid ST. 500
year. He was appointed by
Mayor Wagner in June, 1855.
Earlier. Mayor Wagner's ONCE
had disclosed that Mr.. Strelzin
has been under study by the
City Department Of Investiga-
ton since last November. in con-
nection with his general bust
ness activities. with emphasis on
Anthony Ricci."
Ricci was described as q rack
eteer who was one Of the found
ers Of the garbage outfit in
which Mr.. Strelzin had an in
| tereSt.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
Aid Blocked Reds in Asia,
HOLSTER Tells Senators

public backing for the Presi-
dents foreign aid program.
Others disagreed. and Senator
Russell, Democrat of Georgia
proposed cutting the proposal.
down to $2.5 billion. He called
for the elimination of ali eco.
nomic assistance abroad except
q reasonable technical aid pro.
gram"
Senator Russell, chairman Of
the Senate Armed Services Com.
mittee, said in an interview HI
is vigorously opposed to settinl
up proposed revolving fund fol-
making easy-term loans for eco.
nomic aid abroad. adding thai
Congress would lose all contro
over where this money Is going.
Follows Presidents Line
In advance Of today's hearing
Senator Clifford p. Case, Repub.
lican Of New Jersey. said tn,
issue comes down to q choice O.
spending dollars now or spend.
ing billions and endangering oul
boys later"
This was the line taken b.
Mr.. Eisenhower in his television.
radio appeal Tuesday night. Tn.
White House yesterday char.
acterized as amazing" the pub.
lie response to that appeal.
Rarely does James c. Hagerty
the Presidents press secretary
give newsmen q detailed report
on sentiments expressed by in.
diyiduals and groups commune
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23

eating with the White House or
q current issue.
Late yesterday. however, h
distributed five pages Of mes.
sages in support Of the program
They were selected from abouf
500 kilograms and letters re.
ceived after Mr.. Eisenhower ad.
dressed the Nation.
Mr.. Hagerty said the com.
munications were running abou
Gel in favor Of the administra.
tons program.
Details Opposition
In response to reporters re
quests. Mr.. Hagerty also issuet
the texts Of some Of the oppo
sition kilograms. without identi
flying the senders.
One Of these from Texas ad
ivised the President to "cut tn
budget. cut out school aid. Gu
foreign aid and cut the waste il
Government"
Last week. after Mr.. Essen
hower's first radio-TV appea
for support Of his budget. Mr.
Hagerty refused to release an
information regarding public re
action. He reported earlier yes
terday that reaction to the firs
speech was divided pretty event,
pro and con.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
Continued Prom First Pags

Continued From First Page
of Montana, told Mr.. HOLSTER
he is going to be in trouble
if he succeeds in having the
$500 million of defense support
money transferred to the defense
budget. He warned the director
that the Appropriations Com
mittee thinks in terms Of mill
tary equipment when consider
ing the deefnse budget. whereas
defense support covers some eco
nomic projects which help other
countries to maintain their
armies.
The Montana Senator ex-
pressed fear that this item may
be reduced or knocked out en-
tirely if carried in the defense
budget.
A special Senate committee
which has just completed q study
Vi AOACAeh ol4 ACKNOWLEDGEMENT
against any permanent author.
ization for military aid and de.
tense support.
Chairman Green of the For.
eign Relations Committee. WHIT
also heads the special commit
tee. asked Mr.. HOLSTER to SUBJ
NIT statement discussing these
and other differences between
the special committee and the
administration programs.
Senators Tell Of Mall
Some Senate supporters said
today their mail reflects growing
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
Citizens Urge Senators
ToLiberoIizeD. BUDGET

Association. She made a special
attack on the stringency of ap-
preparations for book and other
supplies of the pupils.
Mrs. Harvey o. Craver. repre-
senting the PTA Council for
Area B. told the subcommittee
that each year parents and
teachers raise funds to help the
school system solve its supply
shortages.
Mrs. Harold Stevens. for the
Shepherd School PTA. urged ap-
lproval for more funds for student
testing personnel and equipment
Mai. william D. Brooks. jr.
president Of the Carver-Kenil-
worth PTA, protested against the
number of pupils teacher today
must try to teach.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
Continued From First Page

ration of 30 to in the elemen-
tary schools. The parents and
Educators want 1t. The Com
missioners apparently do not. :
They seem to wish insulation
from the shock which inevitably
follows an examination Of the
teacher shortage and school con-
struction needs against this
standard. for when measured
against this standard the magni-
Itude and critical nature Of our
school needs are quite apparent.
Sees Ray Of Hope
He said there was a ray Of
hope, however. in the introduce
ltion by Senator Morse, with the
collaboration Of Senators Clark
Democrat Of Pennsylvania. and
Case, Republican Of New Jersey
providing for the proposed SIC
million Treasury loan. Mr.
Shewmaker voiced "fervent
hope" this would be enacted.
Another witness was Mrs. Jacl
Gottsegen. representing the Ma
tional Council Of Jewish Women
She strongly supported pro.
posals to hire 2l2 additiona
teachers in order to reduce over.
size classes. She urged approva
of a bigger grant for purchase
of books for the free publ,
library and asked for extra vel
fare funds so that families II
need could be given relief whil'
their cases were being examined
Mrs. Gottsegen also stressed
the need for q full $23 million
Federal payment. recalling tina
when this size Of Federal pay
lment was authorized by Congress
there was an accompanying BIZ
increase in District taxes.
Mrs. Leonard w. Thomas, frs
vice president OF the Distric
Congress Of Parents and Teach
ers. testified that the nationa
as well as the District Congress
Of Parents and Teachers Is solid
ly supporting the move for
more liberal District school bud
get. She said:
!. THE District public schoo
system is beset with major prob
lens which can be solved onl
through the appropriation of in
creased amounts for both ope
. rating expenses and capital out
|, lay"
Another witness for more TO
schools was Mrs. Charlotte r
: Love. speaking for a dozel
schools in the northwest sectiol
including Mcfarland JUNO
High School.
To dramatic her case for NOR
money for a wide variety o
! purposes. she supplied largI
photographs Of children seate,
In overpopulated classes, some il
rooms supposed to be used a
auditoriums and some in base
, ment quarters.
Mrs. Love told the Senat,
subcommittee:
Stresses Same Theme
4 Failure to give our children
q proper education will mean {
higher crime rate. more health
and welfare problems. and /.
lowered earning capacity Of ou
graduates. II allowed to con
tinue. Washington viii become {
less desirable place to live"
Another witness who stresses
the same general points was Mrs
Marietta Van Sanford. presiden
Of the Bancroft Parent-Teacher
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
Death Penalty Stoys

SACRAMENTO. Calf. May %
up. - CALIFORNIA; Senate re-
jeeted. 81 to .. yesterday. legis-
lation to suspend the States
death penalty for q six-year
trial period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23

Some Senate supporters said
today their mail reflects growing
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-26
Scots Of Area
Honor Burns
At Banquet

Some 800 Scots in the Metro
politan Area got together last
night at the colorful annual
banquet Of the st. Andrews So
ciety of Washington in the May
flower Hotel.
The occasion was the COM
memoration of the 198th BIRTH
day of poet Robert Burns, every
Scots hero.
kits, as always. were OPP
tional, but few turned up with
out them. The bagpipes were
as numerous as the guests.
The highlight of the evening
was the piping in on a silver
tray of the. Haggis, the tradi-
tional meat and oatmeal pud-
ding, which is cooked in the
stomach of a sheep or calf.
The address to the Haggis, de-
livered by Thomas MacClure,
1904 Lee highway, Arlington, Va,
formerly of the Black Watch, fol-
lowed. The st. Andrews Society
Pipe Band provided the ac-
compartment.
David Daiches. a member Of the
staff of Cambridge University and
a frequent contributor to the
New Yorker and the Reporter
magazines. read from Mr.. Burns
works.
Air Force Undersecretary James
Douglas was among the special
guests.
The evenings proceeds will 60
to the Scottish Charities Fund.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-26

marriage. He, still has a few
chimps as pets, but I hear Oracle
put her foot down and they are
to depart.
/ saw Henry Fonda and Lucille
Ball on TV in one of their old
movies. 1.-THE Big Street." directed
by the late Irving Refs. We Just
couldn't tear ourselves away
from the set, it was so good. In
those days Lucy was serinous
actress, and very good. Henry?
Just terrific!
Now it can be told: Anthony
Quinn almost didn't make
"Hunchback of Paris"-for
psychosomatic reasons. Il was on
the boat going to France, figur-
ing how it felt to be deformed
and repulsive to women. had
a vitamin shot, and woke up
the next day with my face twice
its size. my nose huge, my eyes
like dots. When the producers
of 'Hunchback' saw me, they
wanted someone else. But Gina
Lollobrigida wouldn't make the
picture without me. 1t was six
weeks before I could work. When
I came back to America, my doc
tor told me it was my sub
conscious desire to be ugly for
the picture that made my face
blotchy and swollen" Tony is
currently playing Shirley Booths
playboy husband in "Hot SPELL"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-26
Dinner, Meeting
Held by W.I.L.P.F.

The sixth annual smorgas-
bord dinner and meeting of the
DC. Area Branch of the
Women's International League
for Peace and Freedom was
held last night in the Friends
Meeting House, opening the
groups 1857 season Of events.
Highlights of the meeting
were the presentation of a
sound film on the Middle East
and Africa followed by a dis
cussion of Middle East prob
lens by Mrs. Annalee Stewart,
national legislative secretary
Of the International League,
and an ordained minister.
Co-chairmen in charge of
the smorgasbord were Miss
Bertha Mcneil, president of
the DC. League branch and
Miss Susie Elliott, former Dean
Of Women at Howard Univer-
sity.
In the talk, Mrs. Stewart
told guests that "any positive,
constructive and effective
United States policy must be
directed toward the actual
problems to be solved in the
Middle East If peace and Sc
curity are to be assured and
the danger Of the spread Of
the conflict is to be averted."