davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-25
CHICAGO GRAIN

CHICAGO, July 20 G1.-Most grains
moved higher in early dealing on the
Board Of Trade today. but later fell
back on hedging and LIQUIDATION
Wheat moved fractionally higher al
the start on commission house buyine
in the December contract. Offerings
were vel taken on the moderate up
turn but later prices eased as some
hedging became apparent.
SoybeanS showed greatest strength,
advancing more than cents at times
The advance in beans was attributed
to the Governments report of soybean
stocks in all positions on July l, which
indicated a much smaller supply than
was expected. This was construed
Demand for corn. especially the
September contract, was good with
commission houses buying literally at
the outset. The demand was attributed
tothe drought situation in the East
Favorable crop weather held most
Near the end Of the FIRST hour new
style wheat was "a to "a lower, Sept
So 14h, corn was unchanged to z
higher, Sept. 81 .35ls. oats were q
lower to V higher. Sept. 66k, Rye y.
Z lower to z hiSher. Sept. Sc 49,,
and lard was . to 2 cents q hundred
pounds higher. Sept. 1888.
Traders with an eve on export bust
ness said news from abroad indicates
the European harvest has been delayed
by rains in q number OF countries
This moisture however. may be bene-
fetal for spring-planted areas
Observers said reports Of earlier
harvest in Europe are rather variable
but that the general crop situation
appears satisfactory. They said
harvesting in France is behind as a
result OF rains. and the initial yields
not up TO expectation. although the
in ftaly has been disappointine. and
ii is believed that II will necessitate
further scaling down OF production.
Generally satisfactory conditions are
reported in Western Germany Trade
sources said conditions in Australia
have been more favorable the past few
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-25
Stocks Turn
Higher, Stee|s
And Rails Lead

NEW YORK. July Is (R.-
The stock market inched into
higher ground early this after
noon with the rails, steels and
nonferrous metals furnishing
most of the momentum.
Trading was more active.
Gains among key stocks
were mostly limited to major
fractions. Declines, with a few
exceptions. did not stray out
side the fractional range.
Nonferrous metals showed
decided improvement. Anacon-
da, Kennecott. Phelps Dodge,
international Nickel and Amer
lean Smelling scored modest
gains.
Baltimore g. Ohio set the
pace in rails division. with a
gain of around 2 points. Chesa-
|peake & Ohio, New York Gen.
trail, Illinois Central and Allan
tic Coast Line also moved
higher.
United States Steel and
LukenS were strong spots in
the steels division. Motors,
chemicals and oils were mixed.
CHS "B" was down Nfound 2
points. United Aircraft added
a major fraction.
Traders noted a report that
sales of air time on the big
televiSion networks are slip
ping. The reason: Sponsoring
companies, worried about rising
costs and falling profits. are
baking at the high price tags
on the more lavish TV shows.
All three major networks are
said to have choice evening
spots available situation
that has never existed before
in the history of big-time tele-
vision broadcasting. Insiders
say it's a sign of growing eau
ton among sponsoring manu-
facturerS-they're more cost
conscious than they used to be.
Corporate bonds eased in
quiet trading. Government
bonds were firm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-25
.Cyonomid, Norwich
Holt Mercer folks

NEW YORK. July Is (P).-
American Cyanamid Co. and
Norwich Pharmacal Co. have
broken of merger talks. it was
announced.
officials of the two companies
said negotiations looking to-
ward the acquisition OF Nor
wich by Cyanamid have been
regretfully abandoned because
of insurmountable legal diff
culties."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-25
Dealers Take New Look
At Producers Contests

retailers are taking q. long,
second look at it. A fight to
Paris for the two-dozen retail
ers selling the largest number
of Brand x air conditioners
looks pretty attractive, espe-
cially if all the rest of the con-
testants gets a consolation
prize.
Value Is Doubtful
However, little figuring may
convince some dealers that if
the manufacturer can afford
such trips. he can equally well
afford to lower his own price.
After that. it will appear that
the losers. in lower profits, are
helping to pay for the trip of
the winners. Then there is an
other consideration: The value
OF the trip is taxable as income.
When enough dealers lose their
enthusiasm, the number of
these contests will fall of.
Many retailers also are TAX
ing a new look at contests Of
fering prizes to their depart
ment heads, buyers or sales.
persons. There has always
been some opposition to such
contests. Many merchants feel
that they tend to make en-
ployes work for the manufac-
turers instead of for the store
that pays them.
In a bulletin to members. the
National Retail Dry Goods
Association says. Generally
store policy is opposed to manu-
facturers' sales contests which
provide lavish rewards for buy
ers. Management believes that
the buyers function is to
stimulate sales at a profit and
that his reward is his salary
and possible bonus. Lavish
contest prizes serve subcon-
Tsiously to divert the buyers
loyalty from store to manufac-
turer."
Manufacturer Side
1t should be noted, in fair
ness. that manufacturers have
a plausible argument for con-
tests. A manufacturer may
reason thusly: During August.
l expect to sell 100000 hi-fi
electric fans. with a net profit
OF $l50,000. But with a razzle-
dazzle contest. could double
sales and increase profits by
more than $150,000 because
there would be no increase In
overhead. So I can afford to
spend $4,000 or 100000 on a
contest and still make a very
pretty increase in the net"
If the calculation is correct,
the extra sales must be taken
away from competitors, or from
the manufacturers own future
sales-or there must be an
increase in consumer buying.
All three are possible. but only
to the point that competitors
put on similar contests.
Mcclure Newspaper syndicateJ
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-25
BUSINESS
BRIEFS
Bank Clearinrs in the wee

Bank Clearings in the week
ended July "a totaled $21, $780,
217,000 compared with $22, 3l6,-
SCI 900 in the previous week
and $21, 626.408, 900. = Dun 8,
Bradstreet.
Business Loans by member
banks in the week ended July
II totaled $31 .641 900, 900, down
STA million from the previous
week. but up $3,446, 900, 900
from the like week a year ago.
Federal Reserve Board.
Crude Petroleum Production
in the week July 10 totaled
6.947.100 barrels, UP 65.O5O
from the previous week and
compared with 100000 in the
like week a year ago.-Amer-
can Petroleum Institute.
w. T. Grant Co. announced
it will add IA new stores to its
present 646-unit chain by the
end OF next month. Most stores
will be in new suburban shop
ping centers.
Life Insurance Purchases in
June totaled $5,545,000 900 VS..
81, 402. 100000 in 1856: for six
months $32, $4,000. I'D $780,
from year ago.-Life ms.
Agency Mgm. Assn.
Carrier Corp. and Elliott Co.
stockholders approved a mer-
ger, effective July 81.
SOcOny MObil Oil Co. in 6
months ended June 80 earned
1882 million or 1921 a share VS..
$l24 million or 1884 in 1856
period.
Imperial Oil. Ltd. in six
months ended June 80 earned
$37 ,662, 900 or $1.20 a share VS..
$33.735,l94 or $1.13 in 1856
period. .
Continental Baking Co. in
26 weeks ended June 90 earned
So. 447 ,288 or $2.06 a share VS..
$3.516,8l0 or $2.13 in 1856 Pc
Rod.
Other earnings included:
For q MOnths Ended Iun. m
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-25
BY ELMER ROESSNER

This may 60 down in busi-
ness history as the era of mer-
chandising contests. Never be-
fore have there been SO many
manufacturers offering prizes
to retailers. their department
heads and Salespeople in sales
competitions.
The contest craze has
reached the point where many
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-25
Wick Chemical Split

NEW YORK. July Is lR.-
Directors Of Wick Chemical Co.
yesterday voted TO split the
company's stock on a flve-for-
four basis. Stockholders will
be asked to approve the split
at the annual meeting Octo-
Der IS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-25
D. c. SECURITIES

SALES
Pot Elec PEr com-5 at q, rs at q;
esorsst,n S Gas ! 5. 81 l 60 H ~
Pctt E E PVT r z shs 81 3 -
Ter RF&W CD 1 A. '5s 9S 100
PUBLIC UTILITY STOCKS
Psreo s,4tss Of uiic a.44 %" 81
WASH WASH 6 III e cum VI IF 4.a5 x xsi 90"
"f Banks Ks AZ Ah6 s. T r II COMPANIES CON
s sMSE &c Z s & IS ~ Ti.So. IS -
Bank Of Commerce ITO AS -
G GiSsntv ---- ----- 4SSS 80 80
s sEsi g., ! + 1 .s Il -:
SySurOs1 Trust l.s9- 60 90
W TniGn Ts1s' Go ti.2o q" g
- EIEE AND TITLE rNsG6kANcEPOO
Eirsmen'ss Il go - % IN
National Union 1------ 80
- '''.' MS1scELlANEous0 ="
Qoldenperg Gu com A VI
Goldenb'g Gu CIV so Of 10
Heeht ss.H m pr s.75 x6s
Lanston Industries so x12h
Mergenth Ter Limo ~ 5S
'tl Mtge&Inv com a.60 90
.Tatl Mtge&Inv Of 36
Peoples Drug st 2 33h
Security Stor Co 100 20
tt. Rf&W Corn so
Univer Marion Cp / go 20M
Wd Gd&Lothrop com 2 40 ~
Wdwd q Lothrop Of s 30
REX dividend Books closed tPlus
extra or extras. Declared or pNid so
far t.is year
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-25
METAL PRICES

NEW YORK, July 25 Op.--spoi non
ferrous metal prices today, Copper
ysi;2S' ssn's pound; Conn cSnnset Nsr
YORK. Zinc 70 cents q pound. East
So Louis. Tin p6n cents q pound
New York Foreign silver B0is cents
per troy ounce. New York Al Pitts
bufgh. scrap steel No. heavy was
quoted Al 81 On.h AZ 90
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-25
NEW YORK COTTON

NEW YORK. July rs 0P.-DealingS
in cotton futures was small during the
forenoon TODAY. Price changes we're
easily influenced oy small orders in
either direction Trade selling and
pressure from commission houses were
attributed TO favorable crop and
weather news.
Noon prices we're 20 10 so cents
october si.7e. December 81 SIS and
March "a so
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-25
N. Y. PRODUCE

NEW YORK. July % CUSDAl
Butter steady. prices UNCHANGED
Receipts 442. 600.
Cheese steady, prices unchanged
Receipts $4,000
Wholesale esq prices unsettled Re-
ceipts ll.100 New York spot quota .
tons follow Midwestern: Mixed colors
Extras t4s-50 lbs) 4ils-43iz extras
large f45-4s lbs, g1-41ia. extras
medium 37o3s; standards large 1894
checks 1927. Whites Extras t4S-5f
lbsl 4la.42is: extras LARGE f45.4s
lhsl Gag; extras medium 3Sis-39
Browns. Extras t4s-jO lbsl 44lz-46la
Nearby: Whites Top quality 1850
lbsl 4Sis-5l u. mediums 4O-4l smalls
2S-2Sia Peevees 2O-s0i3 Browns.
Top quality I4s-5O lbsD 4a.5lis me-
diums 43.43i5 smalls 2a-20is Pee
wees 2O-2Ois.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-25
FOREIGN EXCH'GE

NEW YORK, July IS R.-Foreign
exchange rates follow. Great Britain
in dollars. others in cents (unchanRed
unless otherwise noted:
market 8 1892 per cent premium or
100 ,46M U. s. cents. up S.64.
Hhrope: Great Britain (poundl
s ss;ss on ga iss s sStsSyy futures futures
s.1IHs. on ll32: 90-day futures.
go ,I7I3e. on i; Belgium lfrancl'
;9sis. on .00n. France( francl,
,25SSs of cent: Germany Cwesterni
sgiIderY. aelia. OF .oois: italy nC SiisaS
;l6hs OF q cent: Portugal leseudo),
$50: Sweden lkroEal. 1884: Switzer-
isnd ,tranel ttreel. 1884; Denmark
Latin America Argentina (freel,
~. up OF; Brazil tfree). AZ; Mex
leo: sol; Venezuela tbolivarl, 3O.03
Far East; Hong Kons dollar. 1880
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-25
UNITED STATES TREASURY POSITION


me ealh position Of the Trsasury comps
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-25

GNutuAau3e AAN Az 4AA El
hovTiv Sales on ire Exehsnoe
ll;oo am $50 600 l2:Oo noon no ooo
i:oo pm geo 900 400 N o 600 ooc
TINT Of tradina 10 shares o. sales IN
lull, Rates Of dividends IN the torego,na
table are annual disbursements based on
ne lasi quarterly o. senii.anaual dec
laration Unless Otherwise noted special
or extra dividends are noi included
plus stCck dividend dD.eisresdi D o. osSiid
70 1857 Plus stocf dividend 3 Psin lssi
wear PAYABLE u stocE duripF 1851
estimated cash value on ex-diyidend o.
ex redistribution date 3 Declared o. paid
al = accR dlssiedieno o. sDiIi.1B De 81
ciareo ~ oaid this year, an accumu
? Paiq THIS veaI dividend omitted De
ierred or no acton taken a last diyt
1875 oiIs stocs disidend payable u
storh during 1855 estimated cash value
on ex-diytdend o. ex-distribqliop date
iividenT KIDS d dstrib1tioS n Il
rights ~ Without warrants. ~ Win
Harrants wd When Distributed W When
issued 10 Next day delivery sIn bank.
ruplcy OF receiyerNnip o. heinz reor.
ganifeu under the Bankruptcy Act. %
securities assumed b. such companies
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-25
.ODD-LOT DEALINGS

NEW YORK, July rs (IR.-The. New
York Stock Exchange reported today
these. odd lot transactions By princi-
pal dealers on the exchange for july
Sales Of l7S,345 shares including TQ4
shares sold short
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-08
EISENHOWER
Continued From First Pag

COntlnueu from First Pag(
done so long ago but for The
Presidents urging him to stay.
He declined to say whether ilt
will appoint Robert B. Anderson
former Deputy Secretary of De.
Tense as Mr.. Humphreys sue.
cessor. This choice has beer
reported widely.
Mr.. Eisenhower said he never
ANNOUNCES such appointment.
until he transmits the nomina.
tons to the Senate.
The President said he know.
of no differences of policy view
between himself and Mr.. Hum.
Iphrey. The administration none.
tary policy, he asserted, is hi,
own and no one beneath hin
is going to change it.
Much criticism has been airec
recently on the tight money anc
high interest rate policy of thu
administration. Numerous Dem.
ocratic leaders charged last weel
end that the policy is putting 9
squeeze on small business anc
on wage earners, housewives
and homeowners.
Mr.. Eisenhower said that IL
general he favors an end to tn,
practice Of rapid tax write of
for private business. but declares
exceptions sometimes are JUST
ned In the national interest Hi
administration has been undel
severe attack for a rapid write
on to the Idaho Power Co OF
its Hell's Canyon project.
A reporter told Mr.. Eisenhowel
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-08


off Soviet threats to American
allies who base atomic missiles
on their soil.
The United States tries to de-
lvelop policies that will preserve
the security Of the free world
and deter war, he said, and
threats from the Soviets do not
come into consideration.
These threats, he added, have
been part Of Soviet procedure
for long. long time. and this
country can't possibly make It's
own plans to respond to them.
Mr.. Eisenhower spoke out in
support Of United States laws
which protect firms operating
abroad from double taxation
He noted that the administra-
ton wants to encourage private
investment overseas and in 1850
passed a law exempting Ameri-
can firms from that part of their
taxes assessed by the countries
in which they operate.
Saudi Arabia Oil Case
In the case Of the Arabian
American Oil Co., which does
not pay taxes here because il
is taxed so heavily in Saudi
Arabia. President Eisenhower In
dicated he accepts the ruling of
the Bureau of Internal Revenue
that the Saudi levies are bona
fide taxes. not royalties.
Mr.. Eisenhower reported in
answer to a question that Ma
tionaiSt Chinese President
Chang Kai-shek's name has not
come up recently as a prospective
visitor to, the United States,
President Rhee Of Korea already
has visited him here, he recalled.
The President declined q
chance to indicate whether he
agrees with Secretary of State
Dulles that freedom Of the press
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-08
Friends Plan Farewell
To CuthoIic U. Rector

A farewell tribute to the Most
Rev. Bryan j. McEntegart, rec
tor Of Catholic University and
recently appointed Bishop Of
Brooklyn, will be given by his
close friends Friday at 4 pm
in the gymnasium Of the uni
versity.
The celebration will be a spe-
cial convocation attended by
Representatives Of administra-
ton, faculty, alumni. students
and members Of the religious
communities surrounding the
campus.
The Most Rev. Patrick A
O'Boyle, chancellor of the uni
versity and Archbishop of Wash
Iington. will preside.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-08
STOPLIGHTS FAIL
DURING RUSH HOUR

The traffic light system in
the downtown area went out
Of service from 5:45 to 6:25
pm. MISUNDERSTANDING rush.
hour traffic-when q fuse
blew in a master control
panel in the Municipal
Building.
Police said trafic moved
remarkably well and no &C
cidents were reported due
to the imperative lights.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-08

that his old political adversary,
Adlai E. Stevenson, said he would
be available for Government
service If he thought he could
be Of use. The President was
asked whether any thought had
been given to enlisting Mr.. Ste
venson's services. He replied
CURLY that the former Demo-
cratic presidential candidate had
been urged three years ago to
be a United States delegate to
the United Nations. Mr.. Ste
venson did not accept the
appointment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-08
u. S. to Study Soviet's
Aerial Inspection Plan

pertains only to the publication
of news. not to the gathering Of
1t. Mr.. Dulles had advanced this
theory in support Of his ban on
travel Of American newsmen to
Red China.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-25
Goodwill Industries
Results Praised

Four top religious leaders Of
Washington today praised the
Goodwill Industries for its
achievements here during the
last % years.
The statements were issued as
volunteer workers prepared to-
morrow to visit neighbors solicit
ing funds for a new building
needed by the Davis Memorial
Goodwill Industries Of Washing
ton. They were released by
James c. Dulin. president Of the
local group.
The present building is at
1918 New Hampshire avenue
NV. The new structure, to be
raised adjacent to this building,
will enable Goodwill Industries
to train additional handicapped
men and women in self support
ing jobs.
Messages praising the Good
will Industries were issued by
the Most Rev. Patrick A. O'Boyle.
Catholic Archbishop Of WASH
ington: the Right Rev. Angus
Dun. Episcopal Bishop Of WASH
ington: Methodist Bishop G.
Bromley Oman OF Washington,
and Rabbi Norman Gerstenfeld,
spiritual leader Of the WASH
ington Hebrew Congregation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-25
William S. Macdonald, 80,
Retired Star EmpIoye

William s. Macdonald. SO. a
member Of The Stars 50-year
club. died early this morning at
Hahnemann Hospital after a
long illness.
Mr.. Macdonald received q gold
star with a diamond in the CEN
ter, signifying a 50-year associa-
ton with The Star, at q dinner
at the Raleigh Hotel last De-
cember IL. A linotype machinist
in the composing room, he
Joined the STAFF after working as
"a machinist in the Navy Yard.
He retired IL years ago.
Born in Athens, p, Mr.. Mac
donald came to Washington in
1898. He lived on Capitol Hill
for many years before moving
to the Mount Pleasant area
around 1915. He and Mrs. Mac
donald, the former Frances Car
ter. celebrated their 55th we'd
ding anniversary last October.
Active in Masonic circles, Mr..
Macdonald was a past high priest
of Columbia Chapter No. /,
Royal Arch Masons. and q mem
Der Of the Benjamin B. French
Lodge No. Is FAM. He also
belonged to The Evening Star
Club. Columbia typographical
Union No. 10l. and the National
Baptist Memorial Church.
Besides his widow. Of the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-25
Civic Federation Rejects
Juvenile Curfew Law

eliminate District sales tax on
food: modify the present gar.
nishment law; grant an add.
tional $1,000 District income tax
deduction to those IS and over,
and improve and extend through
reciprocal legislation duties Of
support in the District. This
resolution was contained in q
report by the legislation COM
mittee headed by william H.
Thomas.
Film on Drug Evils
Police Capt. Karl Mccormick,
head Of the narcotics division
Of the Metropolitan Police De-
partment. told the federation Of
a program developed by his di-
vision designed to warn Of the
evils Of narcotics addiction by
means of films and lectures
available for the asking" He
said members of his squad pre-
sent such programs to any group
that makes a request through
Police Chief Robert v. Murray.
Sturgis Warner. of the WASH
ington Home Rule Committee,
was also on hand to explain leg
islatien pending before Congress
that would give degree of self.
rule to the District.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-25
House Unit Books
'1861-1865 War Bill

A House Judiciary Subcom-
mittee has approved q bill to
authorize United States Govern.
ment participation in observ.
ances of the Tooth anniversary
of the Civil War.
The bill now goes to the full
c o m m ittee. A compromise
among several proposals made b.
Congressman from both North
and South, 1t was described BY
sponsors as designed to en-
courage maximum participation
by voluntary associations Of
persons interested in the 1851
65 conflict.
The bill would provide q com.
mission to coordinate planning
and prepare an overall program
and would authorize spending ur
to 100000 Of Federal funds.
The commission would consist
OF the President, Vice President
in his capacity as President oil
the Senate, Speaker Of the House
four Senators and four House
members. six presidential APP
pointees, Of whom two would be
from the Defense Department,
and the director of the National
Park Service or his representa-
tive.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-25
Dance Injury Suit
At Boiling Settled

A 500, 1000 da mage suit
launched by q tap dancer who
claimed injury when she slipped
on a waxed floor at the Oficers
Mess at Boiling Air Force Base
April 10. 1858. ended yesterday
in Federal Court in New York
when an undisclosed settlement
was reached.
Miss Dixie Roberts. IS. q tap
dancer Of Larchmon, N. Y. filed
the suit against the United
States Government. Air Force
and the Oficers Mess here. She
commended she was permanently
injured by slipping on the floor
here and has been unable to
dance. according to the Asso-
ciated Press.
The Government maintained
the contract Of employment with
the dancer was made by en-
ployes Of the Ofiicers Mess,
which is not q Federal agency.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-25
Hight c. Moore, SO
Baptist Minister

RID0ECREST. N. c.. May IS
R.-The Rev. Hight C. Moore.
SO. for 81 years a Baptist min
lister and long an editor Of Bap-
tist publications. died at his
home near here yesterday after
q long illness.
A native of Caldwell County,
he was q graduate of Wake
Forest and Baylor Universities.
DR.. Moore was ordained to the
ministry in 1890 and held pas
torates at Morehead City. Wins
ton Salem. Monroe. New Bern
and Chapel Hill. He held posts
in the Baptist State convention
and was editor Of the Biblican
Recorder for nine years before
and during World War /.