davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-28
BALTIMORE
LIVESTOCK

BALTIMORE. July 81 IN (UsDA.-
Cattle. compared last week: sIaughtel
Steers and heifers unevenly steady
70 :oO lower; cows declined 1 DOL 80
some, some spotted sales Of more; bulls i .OC
s sfssd3; stoc Gn and feeder cattle mostlS
1910 pound Steers eS pS gsl@ 90; $780, 1880;
and choice. 22.OO-2450. Standard Sne
good steers. l9.00-22.O0. Choice and
prime a6e 9I4-pound steers. 1880; choice
10 .0o-2l 90; standard heifers, 1900.
IL 90. Utility and commercial cows
!2.16-l5 90. Gamer and cutter COWS
~ oO-l3 90: utility and commercial
bulls bulls l6:O0-IS.0Q: good 635.pound
550-750 pound stocker and Iishtwei SHt
FEEDER steers, 100000. Common,
d; 0O-l7 80. Good 5SO-pound stock
heifers 1878: medium and good 40
D DoSnS : :tock h ati 1880 Good 35S
24.O0; high choice and prime at $50
I is ' n STANDARD and good vealers,
:, HOES ;, compared last week: esrrovs
hisher. No. l-3. 1s0-246 pound bar.
pounds, 10 0O-2O so: I60-isO pounds
SO:00-2225., Mixed 24O-270 pound
s so5T0 poun and fts Il SS22 So 70
3. 400 pounds down, I6.75-Is 90:
4O0-60O pounds, 16.OO-1675: 5OO-6O0
pounds, l4.75-16.OO.
sheep. compared last week: Spring
Slaughter lambs mostly. steady. Good
65-Sb pound spring SLAUGHTER lambs,
2OOQ-2l 90. good and low choice lots
At Fl .50-22 90 Utility and GOOD,
0O-l9.O0; culls down to 1900.
Utility and good shorn slaughter
about steady.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-28

cursion on the Potomac" Mr..
Gaffney said.
Other types Of boats have
been operated in this area from
time to time, but all of them
are out Of business. We feel q
large measure of our continued
success has been our constant
effort to provide wholesome
atmosphere for every member
of the family"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-28
BY WARREN BENNETT
Associated Press Financial Writer

NEW YORK, July 27.-Cor-
porate bonds drifted downward
again this week, settling to new
lows for the year.
Government bonds reacted to
the Treasury's refinancing at
the 4-per cent interest level.
AS a result they closed the
week with losses in some case
OF almost "a of a point. There
were rumors In financial cir
cles that the Federal Reserve
came into the market on sew
eral occasions to support prices.
In the corporate list, invest
ment quality issues, rails and
utilities all declined. Only in
dustrials resisted the downtrend
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-28
'' RI BUSINESS
Corporate Bonds Slide,
Treasures Sharply off

to post a fractional advance
japanese issues worked lower
in an easier foreign section.
For the week, the Treasury's
long-range 40-year 3-per cent
bond lost 22/32 at SO 4/32 bid
The 30-year 314s declined 1882
at 93-12/32. The victory 2las
of December, 1972-67, were OF
1882 at 86-16/32. The 2las OF
1868 posted an advance of 2I32
for the period to close at Oh
% 80 bid.
The Treasury's refunding Of
fer for its maturing August and
October issues involved nearly
$24 billion. The Treasury Of
fered 4-per cent interest, twice
what it did two years ago, and
the highest it has paid since
1893.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-28
Rx ARNALn0 OTERO


More than 100000 Washing.
ton residents and tourists are
paying over $3.50. 900 a year tt
see Washington from the Po-
tomac River.
For rs years Wilson Line
steamers have cruised up and
down the Potomac from Pier
to Marshall Hall Park with q
midway stop at Mount Vernon
Behind the gayety and glitter
Of the three-deck steamer SIS
Mount Vernon. which last week
carried its 10 millionth passen-
ger. is a popular tourist attrac-
ton.
The cash registers Of the
company. which also operates
excursion boats in Boston. New
York, Philadelphia and Balti-
more. have been ringing faster
every year. The Washington
operation crossed around
$4,000 during its first years in
the early sos. doubled that to-
tai just before the war and
today claims considerably over
a quarter million dollars in
revenue"
2,4OO Capacity
The company acquired the
IS Mount Vernon, with a 2,4U0
capacity. II years ago. To-day
it would cost 81 million to du-
plicate a boat like it." accord
ing to r. r. Lyman, District
representative.
Cruising the Potomac" said
Mr.. Hyman, became part of
the Wilson operations in 1880.
We originally had freight
passenger service from Phila-
delphia to Wilmington.
When the present company
took over it conceived the idea
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-28
OVER THE COUNTER

The following bid and asked prices
are obtained from the National Asso.
other sources. but are unoficial. They
90 not represent actual transactions;
they are intended as Q guide to the
apuroximate range within which these
Gated BY the 'bidD or bought (indi-
Gated by the 'asked'l, at the time of
compilation 1890 noon. Friday
Origin OF anv quotation furnished on
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-28
CHICAGO GRAIN

CHICAGO. July 81 Op,.-Biggest dis
appointment on the Board OF Trade
this week was the failure of any large
scale bakery -four business to develop
AS a -esult. wheat futures rolled
along on a weak tone most Of the
time, except on Friday when the bread
grain got a lift on reports that some
flour business. although small, had
been sighted This brought on q
moderate rally and wheat closed high
er for the first time this week.
Soybeans. which staged a bull mar
ket most of last week with gains OF
o to ga cents, reversed the trend
this week. ending up with declines
ranging from S12 to ia cents. Corn.
oats end rye also suffered setbacks
New style wheat closed the week GA
to ga lower than Friday a week ago.
Corn vas / 70 to 314 cents lower, oats
down l to 1ss cents: rye of to 8
cents; soybeans. S12 to ia cents
lower and lard was down 43 to AZ
cents a hundred pounds.
Many wheat traders, disappointed
at failure of the long-overdue flour
business to enter the market, con-
jectured that the big chain bakers
are holding out in hopes of q price
decline before making substantial pur-
chaSes.
Range of prices for the week:
Hish Inv Iulv "a Ii,lv 10
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
Ford Predicts
Record Sales
In First Half

DETROIT. May % B.-
Henry Ford II. president Of Ford
Motor Co.. predicted today rec
ord dollar sales of more than So
billion for the first half of 1857.
He told the second public an
nual stockholders meeting that
passenger car sales in the first
four months of this year sur
passed those for the correspond
ing period last year by IA per
cent, despite a 3 per cent decline
for the auto industry as a whole.
Ford car sales are up l6 per
cent. Mercury sales are up 7 per
cent. and Lincoln sales are less
than l per cent below the record
first four months Of 1885," Mr.,
Ford said.
He said a ga per cent in
crease in Ford truck sales over
the first four months Of last year
docs not reflect fully the i'm
Iportant gains made since in
PRODUCTION Of 1857 models in
February
Regarding dollar sales, Mr.,
Ford said it appears the COM
|pany's total for the first half
of 1857 will set q new company
record. breaking the So billion
mark for the first time"
The previous first half record
was $2,89l million in 1855.
For the remainder of the
year we hope to maintain at
least our current share Of the
market and our dollar sales
volume will depend upon the
size Of the total Market" Mr..
Ford said.
He added that he foresees no
marked expansion of the econ
omy for the remainder Of 1857.
The stockholders meeting was
held at the new Ford Proving
Ground in Macomb County, IS
miles north of Detroit.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23

Legislative committees add to it.
Conclusion No. 4: There1l be
only relatively minor cutting Of
the budget as it exists today.
Are you willing to accept an
order to step UP your savings
sharply and reduce your spend
ing accordingly?
Your answer will be a fiat you
can't order me around"-unless
you're a most mild-mannered
individual who likes to follow
orders.
The majority Of Americans
will say, Il will spend what I
want to and save what want
to. This is not about war or a
dictatorship"
Conclusion No. S: Increased
savings can be a major anti
imitation weapon, but it's a hard
one to apply under today's con-
ditions.
What I have listed here are
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
for some plain talk
about what's WrOnQ
with the Government
COTTON PROGRAM

Life Magazine in its May 20 issue hits the nail
on the head with an editorial which says the
things that have needed saying for long time
about the madness" of our federal farm policy
Life calls it madness" because no one with
common sense can endorse policy under which
the government NEEDLES in the affairs of
highly efficient industry, gives it huge subsidies
that it does not need, forces it to over-produce,
and at the same time holds the price of its prod.
net so arti6cially high that it cannot compete
with the rest Of the world.
That's just what has happened to the cotton
industry.
Most people, the magazine figures, don't un.
derstand the ''absurdities" Of our farm subsidy
program, for if they did 'they would use their
sovereign majesty to stop it."
To make the absurdities as plain as possible,
therefore, Life sets down series of do.you.
know questions about cotton Questions, in sum.
mary, like these :.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23

much more power over the
economy.
But the overwhelming majority
Of Americans would shout down
this proposal under present cir
cumstances. Unions fighting for
annual wage raises detest the
though Of curbs on wages; bust
nessmen. big and small, are even
more vehemently against curbs
on prices.
Five Possible Moves
Conclusion No. /: We're not
going to use this well-known
method Of slowing a wage-price
spiral.
Are you willing to 60 along with
credit restraints so tough that
they would create enough I'M
employment to force an end To
increases in prices and wages?
Your answer will be a fiat mo-
unless you're in an even
smaller minority.
That minority would include
some top businessmen, econo-
mists, financiers - individuals
who wouldn't be directly pinched
by a terrific credit squeeze, who
wouldn't be in danger Of losing
their jobs, who honestly believe
that "a little more unemploy.
Iment" would be far preferable
to a never-ending infiationary
trend.
But the outcry from mos
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23

size, no matter how much the government cuts
back acreage allotments under the crop reduc.
ton program?
We now get more cotton ia, 725 900 bales in
1851 from IN million acres than we got from
43 million acres in 1880?
Instead Of letting this successful industry
stand on its own feet, as General Motors does,
the government has thrown away SIT billion
trying to regulate it arti6cially? That this year
it will waste $265 million on the program, on
top Of 1897 million last year?
Through crop loans, the government guar
antees growers about 28f pounds and takes
over whatever part Of the crop can't be sold?
That the industry consequently produces far
more than it can use? That last years glut
amounted to some Ia million bales-5O% more
than we normally can use and about half Of all
that the free world uses?
. In order to get rid of our cotton surplus,
mounting year by year, the government has
finally been compelled to dump our excess col.
ton overseas at prices far below the price arti.
Gcially set on the crop here? That we have thus
lost much Of the good will and support we have
built up for ourselves abroad through our vari.
GUS foreign.aid programs?
Some Of this cheap cotton, which the govern.
ment has dumped abroad, comes back as foreign
textiles, made far cheaper than our domestic
industry can produce them, because the foreign
'Lifei figure. The average |. actually about sN
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
FOREIGN EXCHANGE

NEW YORK, May 90 @.-Foreigr
exchange rates follow, Great. Britain In
less otherwise noted:
canadian dollar in New York open
market, al per cent premium OF
1O4 .6Sst United States cents. on is.
up 3/32; 80 day futures, 2.7s 29I32. W
3i32: 60 day futures. 2.7S 1882. up
3l32; 30 day futures. 2.7s 9/32, Ut
3f32; Belgium lfrancl, 1.9Sil. on IL;
Westerly (deutSche mark, 20 $50; Hol-
land tguilder. 26.13: Italy 0iraD. .16h
Of q cent: Portugal tescudo). $50;
Sweden tkronal 1894; Switzerland
$50
Latin America Argentina ffree). $50:
Brazil tfTeel. I AZ, on OF: Mexico. sol
Venezuela tbolivar(. 5000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
YOUR
MONEYS WORTH
You Won't Take 1t
~ SYLVIA PORTER

Are you willing to accept
drastic Government controls
over wages and prices todayP
Your answer will be a fiat
"no"-unless you're in a small
and. at this moment. impotent
minority.
That minority would include
many who must live on fixed
incomes or who are retired and
are desperately eager to protect
the buying power OF their dollars
or who honestly believe the
Federal Government should have
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
GurfinckeI's Declares
Quarterly Dividends

The regular quarterly dividend
of 281s cents a share was de-
clared yesterday by the board of
directors Of Julius Garfinckel &
Co.. Inc. on its outstanding
holders Of record June IA. They
also declared a quarterly divi-
dend of 40 cents a share on the
common stock. payable June 80
to stockholders Of record June IA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
Metro Drug Stores
Acquires Eighth Outlet


Harold M. Goldfeder. president
Of Metro Drug Stores. announced
the chain has just acquired its
eighth store. He said 1t has pur-
chased the Woodley Drug g.
Liquor Store at 3525-7 Connecti-
cut avenue NV. Martin Wein-
er. formerly Of Mellon Pharmacy
in the Southeast. has been made
a vice president Of the organi-
zation and will manage the
store.
The president said the chain
plans to open two more stores
this year in the Washington
Metropolitan Area. Headquar-
tiers Of the chain is $500 Kenil-
worth avenue, Riverdale, Md.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23

five major moves we could make
to do q better job than we are
now doing to control today's
disease If creeping imitation.
You won't accept them. Now
you draw your own financial
conclusion.
Copyright 1887. Hall Syndicate, Inc.D
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
Phoenix Life Honors
Manager j. J. Outcalt


Celebrating IS years. service
with the firm, John j. Outcalt,
Of the Washington
Agency Of Phoenix Mutual Life
Insurance Co. for more than 20
years. was honored today at a
Shoreham Hotel luncheon. The
company played host to Mr.. Out
calf and his 10 associates.
D. Gordon Hunter. chairman
Of the Agency Committee in the
company's home. Office in Hart
ford. Conn.,. who hired Mr.. Out.
calf a quarter of a-century ago.
presented him with a framed
scroll. 1t was signed by all COM
pany officers and Washington
agency associates.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23

businessmen, workers and farm
ers would be deafening.
Conclusion No. 2: We're not
going to use this second we'll
known method Of killing infia-
ton by substituting defiation.
Are you willing to take a rise
In income taxes now?
Your answer will be a fiat
"no"-once more, unless you're
In a tiny minority.
That minority would include
experts who are convinced that
taxes should be raised to con-
troll a boom. lowered to control
a decline and that the best anti
imitation move we could make
now would be to hike taxes.
But the vast majority of
Americans would murder" the
politicians who approved this
tax rise the next time they
entered a voting booth.
spending Cuts Opposed
Conclusion No. 8: This anti
imitation weapon is not available
to us today.
Are you willing to see fierce
slashes in FILA and VA activities
In the housing field. great cuts
in spending on highways, farm
supports. really major reductions
In government activities in other
basic fields?
Your answer will be a fiat
"no"-even though you may
want general budget cut and
go along with individual re-
auctions.
Actually. Congress is now vot-
ing spending Of many more
hundreds Of millions on housing.
and spokesman Tor housing
groups are moaning the action
Is too little, too late. While Con-
gress' appropriations committees
hack at the budget. Congress
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
Atomic Mutual Authorized
To Purchase Securities

Atomic Development Mutual
Fund, Inc. Washington invest
ment company, was authorized
by the Securities & Exchange
Commission to purchase SOS, 900
Of securities Of Nuclear Develop
ment Corp. Of America, a
research and development organ
ization in the nuclear engineer
ing field.
Nuclear Development acts as
technical adviser for Atomic De-
velopment. the commission said.
The engineering firm has nego-
tiated the sale through fiscal
agents to a small group Of in
vestors Of 10000 shares Of its
common stock and 100000 Of
5 per cent subordinated CONVEX
tible debentures due March 81.
1867. Atomic Development has
agreed to buy 1000 shares Of
stock and $12,500 Of the deben-
lures. the commission said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
James NJ. Blan1 to Take
Bank Post in Florida

James M. Blanz, field examiner
Of the Federal Home Loan Bank
Board for four years and son Of
Wilfred H. Blanz, executive vice
president and secretary. Amer
lean Savings and Loan Associa-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
DO YOU KNOW THAT

We have become SO proficient in growing cot.
ton that the man hours required to grow bale
of cotton have been cut from 200 in 1850 to
lO8 now, while the average yield per acre has
risen from l57 pounds to 400 today?
Because of our improved efficiency in growing
cotton, our crops keep right on increasing in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23

recorded. with $67.O44.Ooo in
sales.
Maryland shows a 1913 per cent
gain for April with 500. l69. 00O
and for the year a 127 per cent
advance with $233.87l 900. Vir-
ginia's figures: April a 128 per
cent gain with $70.566.000 and
the year thus far q 125 per
cent increase at $257, 991, 900.
G. A. Frediani Heads
D. C. Purchasing Agents
The new president Of the Pur-
chasing Agents Association Of
Washington, D. c.. is George A.
Frediani. purchasing agent Of
Thomas Somerville Co.
The annual election, held at
the Hamilton Hotel. resulted in
the choice of these other officers.
officials said today:
First vice president, Dalton A.
Cook; second vice president,
John j. Rooney; treasurer. Alvin
M. Sebastian; financial Secre-
tary, Mrs. Elizabeth r. Convey:
secretary. Mrs. Frances r. Nus
baum: national director. Earle
L. johnson, the outgoing pres
ident and this board of direc-
tors: James Goode Branch. WAL
ter M. Prichard. Philip ]. Penesh
and John D. Chandler.
The new officers will be in
stalled at the annual banquet
and dance at 1880 pm. Satur-
day June II at the Mayflower
Hotel.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
'9 m BUSINESS
Life Insurance Sales Gain
Sharply in D. C. and Area
BY WILLIAM A. MILLEN

Life insurance sales the District per cent
advance for April last April the Life Insurance Agency
Association announced today months
totaled $l775l,O00.
Thus far this year. per gain over last year
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
3 Per Cent Stock Dividend
Is Announced By GELICO

AS per cent stock dividend has
been declared by directors Of
Government Employees Life In
surance Co.. payable June IS to
stockholders Of record June 3,
officials said today. The divi-
dend will amount to $3.50 shares.
The directors met late yester-
day and declared a regular quar-
terly cash dividend Of IS cents,
payable June IS to stockholders
Of record June 10.
The stock dividend is intended
to capitalize the undistributed
part Of the firms 1856 earnings,
totaling $4l4.156. Transferred
from the surplus account to the
capital stock account will be
$9.225. the par value Of the new
shares.
The annual cash dividend was
increased from 20 to 80 cents a
share and the semiannual cash
Of Is cents, payable
June 81 to stockholders of rec
ord June 10 was also declared by
the directors.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23

manufacturers can buy American cotton at less
than cost?
Well, as Life says, all these things are true,
and the original purpose of the cotton subsidy
programme help the distressed small farmers
Just dOesnt make sense any more. The subsidy
keeps the marginal, uneconomic farmer working
his hillside patch producing low-quality cotton
that isn't needed anyway, when he might be
better off in town working at some useful job.
The net effect Of the program is that cotton is
strangling itself to death, losing more and more
of its market every year to lower.priced syn
thetic 6bers.
docs any Of this make any sense?" asks Life.
1t answers its own question by saying: I'VE
don't think so,' and it labels as nonsense"
large part of the farm program for which Con.
gress is now debating the appropriation Of an.
other SIS billion-one.sxth of the whole non.
defense budget.
Because we have always believed in free
prices for agricultural commodities, freely ar.
rived at through open auction on free commodity
exchanges, we agree completely with Life that
cotton could get along without help, if the in.
dustry were put on basis of free competition
and our prices left to find their own level"
And we believe with Life that eff enough
Americans squawk, something will be done
!. about this silly business"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23
MUTUAL FUNDS

NEW YORK. May % educational
Association Securities Dealers, Inc.
(NOOn ouotatiOns)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23

ton. 800 Pennsylvania avenue
Sc. has accepted a new post in
Florida.
Young MIR. Blanz becomes as
sistant vice president and con-
troller Of the Hollywood Federal
Savings and Loan Association,
Hollywood. Fla. He is q graduate
Of st. Adams School and Bow
doin College and attended
George Washington University
Law School. He is member of
Beta Theta ri.
The Nome nugget., 1957-02-08
'Polaris Saloon Now Features
 Master of Ragtime Melodies Darch

Ragtime Bob Darch, now pro- viding entertainment nightly at the "Polaris Saloon" has aspired to become ragtime pianist since his high school days. He is an ex- major in the Army Engineers. During his 13-year hitch in the Army he worked toward this goal, doing research, collecting ragtime manuscripts studying with experts i0 the field, and practicing - always practicing m to acquire that certain touch which is the hallmark of rag timer. 0rN gl.s.l
 Following his discharge from the Army, Darch played numer- ous bistros in Louisiana, Texas, Arizona and California. In Tomb stone, Arizona, he was a feature attraction at the famed Crystal Palace Saloon. Going from Tomb stone to uneau, Alaska, he was booked into the Red Dog Saloon, q rough and rowdy remnant of gold rush days, cmplete with Sawdust on the floors and snuff for the ladies.
 Back in the States, Bob became a feature attraction at Hotel Showboat, colorful resort hotel operated on Las Vegas lower Fremont Street by William J. Moore. Jr. Designed as an au- thentic replica of the river boats
The Nome nugget., 1957-02-08
Retriever Is Retrieved By Girls Lasso

WATERTOWN, N. Y., R - A Labrador retriever was retrieved in dramatic western style.
 The dog fell into icy Black Riv- CT and was swept away from the shore. ,~
 Fourteen-year-old Bonnie Wes- ton was passing by and carried a clothes-line she uses to practice lassoing. Her first toss neatly looped the rope around the dogs neck. Bonnie and a policeman pulled him to shore.