davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-29
PEOPLE
BUSINESS

A. r. McChesney Co. will
move its ONCE to 7422 Waverly
street in Bethesda. Nd, from
26l Constitution avenue NV,
effective Tuesday.
VOgts & knight, Inc, food
brokers. have moved their Of
fees to 1926 Fenton street, Sill
yer Spring.
J. H. Hatcher, assistant traf-
fic manager for Atlantic Coast
Line Railroad here. has been
transferred to Miami Fla, eff
fective October /.
Thomas Trevvett, analyst
with Auchincloss. Parker &
Redpath. will offer two 10
week courses on investments at
the YWCA. starting October /.
Don v. BOvey will represent
the Arlington and Washington
Offices Of Bache & Co. at the
ninth national Mutual Fund
Sales Convention in New York
Monday through Wednesday.
George e. OlesOn and Arthur
Kellar, owners Of the OK
Broadcasting Corp. and opera
tors Of radio station WFCR in
Fairfax. have received permits
sion to build a new station in
Warrenton, Va. 1t will have
the call letters WEIR.
Edwin b. Gale has been
named an associate Of J. D,
Marsh and Associates. estate
planning firm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-29
BALTIMORE
LIVESTOCK

BALTIMORE, Sept. 2s Up (UsDA).
Cattle: Compared last week: SLAUGHTER
cattle turned generally lower. Slaughter
steers and heifers ranged from steady
to 90 cents lower. Late week declines
left cows fully so lower with instances
100 lower while bulls closed SO lower
Featuring the weeks trade was load
26.Q0. choice 950-1IS3 ID steers $3.50
%. 80. good and low choice % 90
23.25. GOOD 10 5O-22.5O. Choice and
prime a72 ID heifers "a 90. $50 ID
23.0 Good and choice heifers 10 90
%. so. Utility cows II 50-15. 90. COM
merical l5.00-16.00. high-conmercial
6.50-l700 Gamers and cutters $50
commercial bulls II 5O-17 90. some up
TO 800. $50 h. feeder steers % 90,
medium and good 1700-21 90. 479
ID. stock steer calves 1880.
Calves: Compared last week: vealerS
and slaughter 1.G0 to 200 lower
Choice vealers 25.0O-27 90. some high
choice and prime % .OO-2g. 90. Choice
slaughter calves 19.O0-23.00.
Hogs: Compared last week: Barrows
and gifts recorded losses Of fully 80
with sows so lower Mixed lots u. s.
No; /, 2 and 9. l90-240 ID barrows
and gifts opened q I9.50-l9.55. clos
39s ID hogs. 1875. $50 10 averages
400 ID sows 1925 to 1890.
Sheep; Compared last week: Offer
ings OF sheep and lambs we're too small
TO sufficiently test market, most sales
on nominal ,nb Ss ss 50 Some eood 81 y
good 81 O0-22 90, small lot utility
1900. A few Gull to good slaughter
ewes 3 00-6 90
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-29
BUSINESS
BRIEFS

Bituminous Production for
the week ended September 81
totaled lO.O6O,OO0 tons COM
pared with 100000 in the
previous week and l0,050, 900
in the like week a year ago.
National Coal Association.
Crude Petroleum Stocks, do
nestle and foreign. on Septem-
Der 81 totaled 283. 165. 900 bar
rels, up 1.069,O 900 for the week.
Bureau Of Mines.
General Dynamics Corp. and
Liquid Carbonic Corp. stock
holders approved a merger Of
the two firms,
Federal Court in New York
set aside an ice order author
izing an issue Of the Allegheny
Corp. Of new So preferred
stocks in exchange for SAY
preferred.
Union Pacific R.R. in 8
months ended August 81 earned
$48. 345,599 or $2.06 a share VS..
SAT. 489,170 or s2.02 in 1856
period.
Northern Pacific Rwy. in 8
months ended August 81 earned
$13,155,334 or 1884 a share VS..
$12.858.046 or $3.50 in 1856
period.
Virginian Railway in 8
months ended August 81 earned
$12.241.639 or 1886 a share VS..
$8.979. 466 or $2.51 in 1866
period.
SeabOard Airline r. r. in 8
months ended August 81 earned
S12,4 83.341 or $3.50 a share VS..
$14.058.768 or $2.95 in 1856
period.
Chi, BurI. e. @. r. r. in 8
months ended August 81 earned
$40, 1923. 493 or S6.44 a share VS..
Sill 1862 .693 or 81 in 1856 period.
Atlantic Coast Line in 8
months ended August 81 earned
s7.478.000 or $500 a share VS..
$S.096.000 or 1927 in 1856
period.
Western Union Tel. in 8
months ended August 81 earned
81. 60S,95l or $l.22 a share VS..
S7.619.70l or $l.22 in 1856
period.
Husky Oil Co. in year ended
June 80 earned S2.374,52O or
SO cents a share VS.. S2,705,554
or 70 cents in 1856.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-29

WOMAN BROKER-Mrs.
Ruth G. Adler, formerly
a customers broker with
Ira Haupt 81 Co. in New
York, has become asso-
ciated with Jones, Kreeg-
er & Hewitt in their Be-
theSda office. She is a
member of the Speakers
Committee of the New
York Stock Exchange and
has been an instructor in
investment courses of the
exchange. She is an ad-
wiser for several invest
ment clubs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-29
New Oil Protects
Against Corosion

NEW YORK.-A corrosion-
protective oil has been devel-
oped by a Staten Island con-
Germ to provide a moisture-pro
and vapor-proof barrier against
corrosion.
Polished metal parts treated
with the oil under humidity
box testing have withstood 100
per cent humidity at 100 de-
grees for more than two months
without rusting.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-29

Rates Of dividends IN the foregoing
table are annual disbursements based on
ne last quarterly OF semiannual declara.
ton. Unless Otherwise noted, special or
extra dividends are not included q Also
extra o. extras b Annual rate plus stock
dividend Il Declared o. paid IN 1867 plus
STOCK dividend, Paid last yeaf Pay.
able w Stock during 1851. estimated cash
value on eX-diyidend " ex-distributiOn
dale 8 Declared o. paid 30 Tar this year
, Declared " paid this year an accumu
laliVe issue with dividends In arrears
p PAD this year dividend omitted de
ierred Or no action taken nt fast diyidend
meeting, ! Declared or paid IN 1856 plus
STOCK dividend Payable In stock dur
Ing 1856. estimated cash value on *
dividend or eX.distributiOn date. Liqui
dating dividend cid Called Ex diW
denl, dis EX distribution ~ tx rights
XIV Without warrants. WV With wafrants
wd When distributed WI When issued
M Next day delivery sln bankruptcy or
receiyership or beinn reOrganized under
the Bankruptcy Act, or securities a..
sumed BY such companies.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-29
YOUR
MONEYS WORTH
Stock Break Interpretation
W SYLVIA PORTER

mined to halt inilationary
price rises even at the cost Of
encouraging . recession in
business.
The Reserve Board has
clamped down heavily on
credit. has let interest rates
rise to the highest levels in a
quarter century. As business
men have found it tougher and
tougher to borrow money, they
have been compelled to shelve
and postpone expansion plans.
As tight money has dampened
business optimism, fears have
emerged that we are heading
for a letdown in coming
months.
Bonds Draw Support
90 They are concentrating
more and more on buying
bonds instead Of stocks be-
cause the rise in interest rates
has sent the returns available
on high-grade bonds above the
returns available on most top
grade stocks-a relationship
which hasn't existed since 1929.
90 They are increasingly
worried about the course Of the
economy in 1858, about COR
poration profits and about
dividend payments on stocks.
They see no big spark to set
on a new business upswing.
"a And they are disturbed
about the financial crisis in
many parts Of the Western
world-a crisis which well may
mean that foreign countries
will be cutting down buying Of
goods from us. And If they do
that. another prop under our
economy will be weakened.
There is no Eisenhower ex-
uberance" in Wall street or
among businessmen today.
Rather, there is an Eisenhower
letdown."
distributed 1857. By The Han
syndicate. AL Rights Reserved)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-29
Stocks Decline in Week
To October, 1855, Lows

the quoted value of stocks
listed on the New York Stock
Exchange.
The decline to values of two
years ago still left stocks on
pretty high ground. historically
speaking. Nevertheless, this
was a rough week for short
term traders.
The five most active issues
this week on the New York
Stock Exchange were: Bethle-
hem Steel, of IA at Ala on
2l5,600 shares; General Motors
off 2s at 4Q14; Standard Oil OF
New Jersey, of 4 at 563s; U. S
Steel. off " at 1924.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-29
BY ED MORSE
ssoeiated Press Financial Writer

NEW YORK, Sept. 2S.-This
week was a cohvulsive one for
the stock market as prices fell
on average to their lowest point
since October, 1855.
The Associated Press average
of so stocks dropped $3.50 to
$165.50. 1t was the second
straight week that the market
had taken severe losses, but
this week the drop was accom-
panied by the biggest volume
since the week ended July 10.
Heavy selling clipped an
estimated $3.50. 100000 from
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-29

WHAT u the 6tock Market
saying to us2
Since mld-July. about SIS
billion has been wiped on the
value Of stocks listed on the
New York Stock Exchange.
Some leading stocks are down
20. 80. 40 per cent from their
recent price peaks. The Stock
Market is no longer just
viciously selective; in the last
several weeks. its trend has
been definitely down.
What, then. is the market
saying? What's happening?
The Stock Market is not say
ing that the big boys" are
dumping stocks overheard
rushing to grab whatever paper
profits they have left and To
cut their losses short because
they look for a major crash.
Even on the worst days, the
volume Of trading has beer
modest. There has been nc
evidence at any time Of panicky
liquidation.
The Stock Market is saying
that the big boys have sharply
slashed their buying Of stocks
and have moved to the side
lines.
Major Buying Eases
And since the big boys
meaning the institutional in
vestors, investment companies
pension funds. trustees. ETC.
have become an overwhelmingly
powerful force in the Stock
Market. the very fact that they
have stopped buying aggres-
sively has had a great impact
on prices. Add to this the scare
selling by smaller spectators
and by disappointed traders
and you have the explanation
for the erosion in prices.
It's no secret in Wall street
or in the financial centers OF
the world why the larger. pre-
sumably most informed in
vestors in stocks in this coun-
try have soured on buying al
this time.
After listening to dozens Of
them talk at length and after
reading tens Of thousands Of
words they've written about
their own views, I'd summarize
their main reasons in foul
points:
Cd They are becoming con-
WINGED that the Federal Re-
serve Board really means II
this time and really is deter
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-29
New Store TO Open

Walpole Bros. Inc, specialist
in fine linens. will open its first
suburban area store in the
Chevy Chase Center at Wiscon-
sin and Western avenues NV.
on Tuesday. The Arm has q
downtown store.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-29
| HAD TO EARN
$500 A WEEK
So ! sent $6 to The
Wall Street Journal

High prices and taxes were get.
ting me down. l had TO have $500
q week or reduce my standard Of
living. Like Alice in Wonderland,
had to run faster to stay in the
same place.
So / started reading The Wall
Street Journal. / needed its warn.
ings. cashed in on the ideas il
gave me for earning extra income
and cutting expenses. | got the
money ! needed. Now I'm slowly
forging ahead. Believe me, read
ing The Journal every day Is .
wonderful get-ahead plan.
This experience is typical. Each
day The Wall Street Journal tells
you about far-reachine changes
taking place in America. New in. !
ventions. New industries. New
ways Of doing business. New op.
portunities to earn money. The
Journal gives you quick warning
OF any new trend that may affect
your pocketbook. The Journal 10 Q
wonderful aid to salaried men
making $1,000 to sec, 900 q year. Il
IL valuable to the owner Of q small
business. 1t can be Of priceless
benefit to young men who want 10
win advancement.
The Wall Street Journal q the
complete business DAILY. Has
largest staff Of writer's on business
and finance. The only business
paper served by all fonr big press
associations. It costs $50 q year.
but you can get . Trial Subscrip.
ton for three months for Sc. Just
tear out this ad and attach check
for IS and mail. Or tell u to bin
you. Address: The Wall Street
Journal. u Broad St.. New York
4, NY.
VS. o-ss
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-29
OVER THE COUNTER

The following bid ana asked prices
are obtained from the National Asso-
other 1urees but are unofficial They
DO not represent actual transactions;
they are intended as a guide to the
approximate range within which these
Gated by The 'bid'l or boughf iindi-
Gated by the 'asked'l at the time OF
compilation az noon. Friday Origin
o. any quotation furnished on re-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-29
.COMMODITYPRICES

NEW YORK, Sept. "a R-The
Associated Press index OF 35 basic COM
modities declined this week TO the
lowest level since December /, 1855.
A. 1889 the index was down from
| l74.b3 a week 20 and from lS3.1S
for the corresponding week IN 1885.
All segments OF the index, except
nonferrous metals, we're lower. Two
components, textiles and grains and
cotton, established new lows for the
Evening star., 1957-12-01

deducted and you never be sure in advance they
not going TO run above that percentage. Again.
save checks and receipts
Lsssss is0m Fire, Thsfe, tslgtsuuy Sa,aslap.
After being reduced by insurance payments or other
compensating payments, these socalled casually
losses can be deducted il you have the records to
prove them The losses are measured By the fair
market value Of What was lost as result Of the cas-
uaty, but they cannot excced the original cost.
Epssssss % TFave1 md EWtsstahMmosse. Oddly
enough. you can't deduct the expense Of travelling
to your job. but If aeT getting there you must travel
at your own expense in performance Of your duties.
you deduct that cost il you've got the records
to prove it, deduction Of this kind is made directly
from your total salary received, on Form lO40.
Therefore, you should not take this deduction into
consideration in deciding whether 10 itemize your
deductions use the optional 10 per cent standard
deduction. Incidentally. if you must entertain your
customers at your expense. those expenses are also
deductible = but they must be explained.
Tazns leved BY state and local governments,
except those for improvements, generally deduct
ible from the income the federal government taxeS
II you have a mortgage and are paying your real
estate tax as part Of the mortgage payment, make
Evening star., 1957-12-01

sure Il IS listed separately. II you want to keep rea-
sonaby good track Of the large variety Of retail sales
taxes now imposed, you win have to have running
record and. Of course, the szles slips back up
your claim.
his check list does not cover all Of the pos
sible deductions from the income on which the Fed
eral government evies its income tax. Nor does n
even begin 10 cover all Of ne technical 6 ands and
bats involved in clearly cssabiiskg yow reAf 10 take
some Of fhe dedHcfiORs listed
The check list does make it clear. however. that
if you are going TO test the possibilities Of giving
yourself the best breaks with the Internal Revenue
Service the time TO start a careful and systematic
record-keepins job is now.
II may be that when you have added up all the
deductions to which you entted they won't equal
the standard 10 per cent deduction you are allowed
as a matter Of course When the standard deduction
was adopted in 1914. the average Of the deductions
on itemi1ed returns was only about per cent. How
ever. the fact that many more federal inccme-tax
payers are itemizine their deductions every year
(abow Is million did il in l954D strongly suggests
that. BY doing il, they find they are entitled to a
deduction greater than the standard 10 per cent.
Al any rate you will never know until you try
And if you are going to Try. now is the TING to get
TO work - The End
Evening star., 1957-12-01

WHY bring up the income tax at this season? Why
not let the dreary subject Slcep until somewhere
the ldes of April when must eet al the business Of
making our peace with the Internal Revenue Service?
Because that peace has chance Of being happier
for many Of you IT, far getting the records lined
up, you start to work now instead Of next spring.
Every spring brings forth q food Of advice on how
best to handle your income-tax return. The trouble
IS that BY then, i you haven't kept your records
straight. you can't very easily take the advice.
Here is a check list Of some Of the most important
records you should be lining up now and should keep
lined up if you want TO be sure you are getting the
deductions you re entitled to.
1ntegest on mortgages, personal loanS installment
contracts, etc. You may have to make a special
request 10 your bank or financing agency to get the
interest separately calculated for you. instead Of
being Jumped into the total charge.
cenayihsStlens to nonproft educational. religious
and charitable organizations. They must be itemzed
and may include the fair market value Of gifts Of
property. Save your Cancelled checks Also. receipts
from charitable organizations.
NeedSeal assd Dental Expenses: When these ex-
penses, including payments for medicine. run above
a certain percentage Of your income they can be
Evening star., 1957-12-01
Save On Your Income Tax-Now!


DEXTER N. kEEzER
Evening star., 1957-12-26
Jomuico Cos Blost
Kills II Scuvenqers

RUNAWAY BAY, Jamaica,
Dec. rs CR.-High-octane gaso-
line spilling from a wrecked
tank truck exploded yesterday
as villagers we're scooping the
fuel into cans for their homes
and cars. Eleven died and 81
we're hospitalized.
Police said the explosion was
touched of by the scaveneers'
burning cigarettes. The fuel
burned for two hours.
The 800 : gallon truck
slammed into stone wall on
the highway through this fish,
ing village 70 miles northwest
of Jamaica's capital of King
ston.
The two identified dead we're
children. The other FIVE bodies
we're burned beyond immediate
recognition. Some of the in
iured slipped on the streaming
gasoline as they attempted to
fee and were trapped in the
flames.
Evening star., 1957-12-26
COW TREATS DOCTOR
Freak Accidents ToIIy
Bumper Crop in Yeor

A veterinarian who was vac
cinated by q COW Is one Of the
victims Of off-beat accidents
which have swept this country
in the last IL months.
According TO the National
Safety Council. which keeps
score on such things. II was a
bumper year.
The curious affair Of the vac
cinated veterinarian mis-hap-
pened In Wadesboro. N. c..
when DR.. Guy Jones was lanced
by his own syringe. as his cow
patient lunged against him.
Nipped by an icebox door was
Mrs Charles Drennon, Of
Memphis. Tenn. Peering In
tently in her refrigerator 70 see
II the little light really does go
out when the door closes. Mrs.
Drennon slammed the door on
her nose.
Evening star., 1957-12-26
Police Hero
Saves Blind
Man in Fire
Los ANGELES. Dec. 26 M9.

Los ANGELES. Dec. 20 N1.
while cruising IN q patrol
car yesterday Ofiicer Gaylord
Crichton spotted flames pour-
ing from q shack near the rail-
road tracks in the industrial
section.
"Inside--a man Is burning
up" yelled a boy standing out
side.
Ofiicer Crichton bolted In
side. Somewhere In the smoke
and flames came q cry:
Help. I'm blind"
Stumbling forward. Ofiicer
Crichton felt a body at his feet.
Then. blinded BY smoke, he
couldn't find the door.
This way" shouted the boy.
Following the voice, the Of
ficer dragged Clarence Jing-
right. 81. into the bright sum
shine.
The officer said Jingrlght had
been living in the shack since
he lost his sight two months
ago.
Evening star., 1957-12-26

tides Of political loyalties dur
ing the past generation.
His father. the late Charles
Edward Merriam. was a life
long Republican--and twice
unsuccessful reform" candi-
date for Mayor Of Chicago.
Split With Democrats
Bob Merriam. like many
other young men Of his time.
was drawn to the Democratic
Party during the depression.
But like his father, he became
known as a "refortner." and
that led to his split with the
Democratic city administration
during his eight-year tenure as
an alderman. His decision TO
enter the q. o. p. followed.
There are elements Of both
parties with which don't
agree" he admitted. But he
said the policies Of the Eisen-
hover administration. liberal
in heart but conservative In
money" are his own. He con-
siders ii absurd TO describe the
Democratic Party as the Ma
tons liberal party and the
Republican as the conservative
party.
The future health Of the
Federal system depends in large
part on the health of the State
and city governments" Mr..
Merriam said. That has al
ways been my philosophy and
is part Of my work now"
Whatever political future
looms for Mr.. Merriam. who
holds q masters degree in pub
Lie administration and writes
nrolifically about governmental
matters. it would not seem TO
lie within the Washington
based Federal bureaucracy.
Chicago is my home. and !
want to go back there some
day." he said. Il honestly don't
know about the future politi-
cally. It's something I think
about often"
He wouldn't say so specifi-
eally. but he gave the impress
sion he would not again attempt
to become Mayor Of the Mid
western metropolis.
Evening star., 1957-12-26

An equally zany error was
committed by Harry Westcott.
q professional landscaper OF
Mount Upton. N. Y. Too savvy
10 saw Of the limb on which he
was sitting, he servered the
branch to which his safety line
was secured.
That children can be every
bit as foolish as their elders
was demonstrated by a To-
year-old boy. He rammed a
parked car with his bicycle in
Miami Beach. Fla. "All / was
doing" he told police, "was
riding along reading my comic
book"
With no gallantry In mind.
George Pero Of Auburn. Mich,
gave UP his seat to a strip
and-run driver. Leaning over
his car parked of the high
way. a passing auto snagged
on his britches. leaving him
red-faced and shiverinR.
Last Of the freak misfortunes
to be reported by the council
was the Saga Of the Wasp
Hunter.
One Of Charles Combs farm
hands at Olney, ILL.,. was told
that fire would get rid Of the
wasps in the barn.
1t did. It also got rid OF the
barn. 5000 bales Of hay. 1000
bushels Of barley, q utility shed.
a garage. three drums Of gaso-
line and 200 loads Of manure.
Evening star., 1957-12-26

become free and are ready to
play q decisive part In the
worlds affairs"
Seated In the front rows of
the large auditorium were del
eRates from India, Uganda,
Ohana and Nigeria in colorful
native dress. Behind them
were seated Russian and North
Korean delegates.
In the gallery schoolgirls
shouted mo bases. no pacts.
no H-bombs."
A delegation from Palestine
yelled: Down with impevial-
ism. We are against war"
Ambassadors OF Soviet bloc
countries and Arab nations
were seated in the gallery. Also
ON hand were many Of Egypt's
cabinet members.
Col. Nasser was not there
but sent message Of greeting.
Evening star., 1957-12-26
HimeIfurb Leaves
$825,047 Estute

Solomon A. Himelfarb. a re-
tired Washington oil company
official who died October 30.
has left all Of his $S25. .O47
estate to his wife.
Under the terms of a will
filed here with the Register Of
Wills Office at Federal District
Court today, Mrs. Clarice Him
elfarb Of 47l6 Thirty y-second
street NV. was left S245,3I7
in real estate and S579,067 In
personal property.
Mr.. Himelfarb. who was SIS.
died in a Pittsburgh pa hotel
room while on a trip. He had
been secretary-treasurer Of the
Republic Oil Co.