davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-11
YOUR
MONEYS WORTH
Bond Prices on Floor

The widely advertised BUSH
ness showdown is here.
Interest rates meaning the
cost of borrowing money-are
humping against the ceiling for
this cycle. The prices Of high
est-grade bonds issued by cor
norations. States, cities. and the
Government are on a floor.
We are winding up" one of
the steepest upsurges in inter-
est rates and one of the sharp
est slumps in bond prices in
this century.
Forces within the economy
finally are helping to bring the
demand for loans and the sup
ply Of savings into balance. In
this period of business letdown
corporations are not pounding
so heavily on lenders doors,
demanding such massive totals
in short-term and long-term
loans. At the same time. the
supply of savings is increasing
And while the Federal Re-
serve System is still keeping
restraints on credit. it is no
longer being aggressive about
the credit clamp down.
Practical Significance
This is of practical Signifi-
canoe to millions. Will you, for
instance. be looking for a loan
to finance improvements or ex-
pansion of your business in
coming months?
If so. it would be a good idea
to hold off on borrowing the
money for a while. You well
may get your loan at a lower
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-11
BUSINESS
BRIEFS

ESQ Standard Oil Co. has
announced plans for a SAG mil
lion expansion and improve
mept program. This includes
a $26.6 million unit to manu-
facture a new high quality gas.
The company announced a $50
million program last year.
Industrial Enterprises, Inc,
reports earnings of $715.48O, or
$l.62 a common share. for the
nine months ended Setember
80 VS.. $627.453. or $1.48. in the
same period of 1856.
American Zinc, Lead &
Smelling Co.. in nine months
ended September 80, earned
.90l, or n cents a share,
VS.. $2,2l6,147. or 1873 a year ago.
Briggs Mfg. Co. for nine
months ended September 30,
lost $l31 ,029, VS.. an earning of
$l,333,428, or 1924 a share for
the like 1856 period.
Consolidated Copper Mines
Corp. for nine months ended
September 80 earned $3.50, 1926,
or So cents a share, VS.. $4,718,-
925, or $2.48 a year ago.
Crane Co. for nine months
ended September 80 earned 81
l27.000, or $3.50 a share, VS..
$6,577, 900, or $3.15 q year ago.
McGraw-Hill Publishing Co.
for nine months ended Sep
TENDER 80 earned 1896. 1923. or
1925 a share, VS.. $500, 976, or
1928 for the like period q year
ago,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-11
Yu|e Sales Rise
Seen in Survey

NEW YORK, Nov. II R.-
Fifty five per cent of the re-
tailers surveyed by the Bureau
Of Advertising. American News
paper Publishers Association,
expect their stores will do more
Christmas business than q year
ago. Thirty-three per cent
forecast sales on q par with
last years record level.
The Bureau Of Advertising
said today its survey was con-
Quoted through member news
papers. covering 381 retailers
representing II store types
located in 40 states, two
Canadian provinces and 1855
markets.
Among stores expecting an
increase. the average gain Is 7
per cent and the highest FORE
cast is 80 per cent. Retailers
are counting on good sales of
soft goods. particularly mems
and women's sportswear and
other apparel lines. In hard
goods. toys. furniture and APP
planes are expected to show
the biggest improvement.
The survey reports that 10
per cent of the retailers will
begin their Christmas promo
tons before the traditional
Thanksgiving starting date.
This move will be prompted by
the shorter Christmas selling
S eason after THANKSGIVING
there are five less selling days
b etween Thanksgiving and
Christmas.
Fifty-two per cent will start
during the two
week period, November 1924.
Thanksgiving week. November
24-30, will be adopted by "a per
cent Of the retailers. In all. one
third of the retailers surveyed
said they planned to start holi-
day promotions earlier than
last year.
Thirty-six per cent will in
crease their advertising budgets
over last year. 81 per cent will
spend about the same at 1856
and 7 per cent are considering
decreases.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-11
TRADE
WINDS
BY LOU SCHNEIDER

Increasing resentment of nu-
merous American industries
against President Eisenhower
foreign trade policies indicates
revision in the reciprocal trade
legislation.
To put it bluntly. his inter-
national trade policy isn't
popular where the domestic
economy and jobs are con-
cerned. American manufac-
turers insist that tariff policy
be removed from the realm Of
diplomatic considerations.
The administration contends
that imports must be kept high
to provide foreign countries the
dollars with which to buy
American exports. But the re-
ply is that imports are hurting
United States industries. Ex-
ample; lower wage scales al
low foreign producers to sell
their wares here from S to IS
per cent under American price
levels.
Important members OF Con-
gress. both Republican and
Democrat, openly hint that
extension OF the reciprocal
trade pact is in danger. Rea son:
voluntary programs to curb
imports are a failure. Apropos
of oil. a Texan is willing to
wager two high-priced Ameri-
can cars against one low-cost
import car that the trade pact
will be torpedoed.
Demands for imposed manda-
tory cuts in imports are grow
ing louder.
consolidated News FeatureO
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-11
~ SYLVIA PORTER

interest. All the odds are you
won't have to pay more for
your loan and won't be in a
less favorable bargaining posi-
ton if you wait. s.
Every fraction of one per
cent you can save on interest
charges can mount into i'm
pressive dollar totals over a
loans life.
Do you plan to apply for a
mortgage to finance the pur-
chase of a home during 1858?
Here. too. timing of your loan
application is vitality important,
and holding of on requesting
your mortgage makes sense.
Mortgage money should become
more available as the months
roll on. Interest rates may not
sink quickly-they decline at q
molasses pace-but getting a
mortgage should be easier.
Actually business in 1858 u
expected to get a prop from a
speed-up in BODYBUILDING Just
because the outlook is that
more cash will be available for
mortgages.
Are you an executive of a
corporation or an official in a
community which is scheduling
a new bond Offering to raise
money?
In this case. delaying the
bond offering until the bond
markets turn more in favor Of
you, the borrower, would seem
advisable.
Invest COnservatively
Have you savings you would
like to invest conservatively?
Then you should consider
the incomes you can get by
buying highest-grade bonds to-
day. On Government Market
able securities maturing in
only a few years from now, you
can get an income Of 4 per cent
a year. On highest-grade corp
Grafton bonds you can get 4A
per cent and more. On State
and city obligations. you can
get 3 per cent or better, tax
exempt, which works out to an
income of 6 per cent or better
for an individual in the 50 per
cent tax bracket.
For more than three years
the best advice anyone could
have given you would have
been: II you need q loan, get
it fast, and If you're investing
savings. stay out Of the bond
market.
Now the opposite advice ID
what you'd get from the Ma.
tion's most astute authorities.
What they'd tell you I've sum.
married in this column.
Distributed 1857 BY The Hall ovn-
dicate' Inc. All Rights Reserved
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-11

TRADE EXECUTIVE -
Thomas j. Curran has
been named executive d.
rector and secretary of
the Label Manufacturers
National Association, with
headquarters at TOO I
street NV. He succeeds
Oscar Whitehouse, who
now is executive director
OF the photographers
National Association.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-11
NEW YORK COTTON

NEW YORK Nov. II tP1.-Cotton
futures eaSed slightly from the days
best levels durins the late mornine
as buyins slackened and the upturn
attracted some profit taking and
hedging.
Nearby December, March and MAY
made new seasons highs today with
the RISING trend rejecting unfavorable
weather reports and private crop
surveys.
LEADING spot Arm said that mill
demand for brisht BACKGROUND cotton
continued excellent in the Atlanta area
last week although sales were mostly
for nearby shipments. The Arm said
that current ginningS In that area are
N the low srade for which there is
little demand.
The arm added that mill interest
continued strong in the Memphis ter
ritory last week with spot cotton selling
in fair volume.
Noon prices were 30 to so cents a
bale hisher than the previous close
December, 354l, March. $3.50. and
May. $3.50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-11

HoUriV Sales or the Sxehsnas
II no am A5o 900 Noon oao COO
i:OOp.m $50 600 2OOp m $40 600
sunil Of trading 10 shares or sales In
full. Rates Of dividends in the foregoing
table are annual disbursements based on
the last quarterly or semiannual decla.
ration Unless otherwise noted, special
or extra dividends are not included.
Also extra Of extras. Annual rate
plus stock dividend d Declared or paid
In 1857 plus stock dividend. Paid Iast
wear. PAYABLE in stock during 1857.
estimated cash value on ex.divideud or
redistribution date Declared or paid
so far this year h Declared or paid
after stock dividend or Split.up. k De-
clared or paid this year. an accumulative
issue with dividends in arrears. Paid
this year. dividend omitted. ed or
no action taken al last dividend meeting.
E Declared OF paid in 1856 plus stock
dividend. PAYABLE In stock during 1856,
estimated cash value on ex-dividend or
redistribution date. y Liquidating divi.
dend cid Called. Z Ex-dividend S.dis
EN distribution M EN rlehts XIV With.
out warrants. WV With warn ants. Md
When distributed wi When issued nd
Next day delivery 'In bankruptcy or
receiyershp or being rcorganl1ed under
the Bankruptcy Act. or securities e.
surned b. such companies.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-11
Southern Insurance Co
BUYS AsheYiIIe Firm

ASHEVILLE. N. c., Nov. IL
R.-President William C. SAT-
ford of the Western & South
ern Life Insurance Co. of Gin
cinnati today announced acqui-
sition of $144 million of the
Imperial Life Insurance Co. of
Asheville.
Mr.. Stafford said Imperial will
become the Southeastern divi-
sion of Western e. Southern
and will handle the company's
business in the Carolinas, Vir-
ginia and Tennessee.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-11
METAL PRICES

NEW YORK. Nov. IL RJ.-spot
nonterrous metal prices today: Copper
?B-21 cents a pound. Connecticut VAL
lev Lead l3is cents pound. New
Louis. Tin Sgis cents a pound. New
YORK Foreign silver a0ss cents per
troy ounce. New York Scrap steel
No. / heavR 80 .00-33. 90. Pittsbursh.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-11
DIVIDENDS

NEW YORK. Nov. II B.-Dividend,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-11

KEY dividend. Books closed +Plus
extra or extras. Declared or paid SO
far this year. 'Ex-riehts.
Evening star., 1957-12-02
The Greatest Deterrent to War

days broadcasting 10 the
Soviet people the accusation
that q "war-mongering ma
ton" had begun q new era Of
intimidation. Belatedly the
Moscow broadcasts have
begun TO criticize severely the
United States Senate Invest
eating Committee for its effort
to accelerate the production
Of missiles as q countermove.
This clear recognition Of q
basic truth-that. as more
and more deadly weapons are
produced, the fears Of the
people In Russia will grow and
top rulers there must find
the only justification for war
in the doctrine Of self defense,
America must repeat con-
stantly that It will never
attack first. The Soviet
people who know the arbi-
trariness Of their rulers must
be reminded that the real
danger Is that their own
leaders viii miscalculate and
plunge the world into war.
Freedom for the individual
and protection for human
life - survival - are deeper
reasons for unrest and po-
tential revolutio n inside
Russia today than any which
prompted the 1917 revolution.
More concentrated study by
Congress Is needed on how 70
get missiles" Of information
through to the Russian peo-
pie. Partisan Senators and
Representatives would have
used their time more con-
structively In recent days II
they had been making
speeches directed to the peo-
pie Of Soviet Russia-to help
them understand how their
rulers have intensified the
arms race that might lead to
war.
Free peoples can win the
hearts and minds Of enslaved
peoples but, 1t takes bold
m easures-"Sputniks" Of
ideas. For the taxicab driver
was right. Revolution against
. despotism is always around
the corner. and history has
repeatedly revealed the reason
for the saying: uneasy lies
the head that wears the
crown"
tRsprodaetion Rishss Reserved
Evening star., 1957-12-02
Struggle for Power in Executive Bronch
Seen Between Shermon Adams, Nixon

vice President Nixon took
IN far too much territory
when he told reporters last
weekend that President Els
enhower would make the
final decision on Stevenson
going to Paris"
Adlai Stevenson win make
that final decision himself.
II and when he Is asked 70
attend the NATO conference.
So far he has not been asked.
He is under no obligation in
the matter as his own memo
randum outlining the terms
Of his present service 10 the
administration shows.
The dramatic events Of the
past week. including the
Presidents new illness and
the Senate missile probe.
have en- abled the titular
leader Of the Democratic
Party to do what he came
here TO do. That is. he has
been working long and quiet
hours at the State Depart
ment absorbing information
and trying to get some idea
Of what the administration
has in mind in the way Of
repairs to the sadly sagging
NATO alliance.
Mr.. Stevenson has never
been under any illusions that
his fellow Democrats. espe-
cially the congressional lead
ers. were going to let him
Evening star., 1957-12-02

call the party signals. He Is
seriously alarmed. however.
about the slippage Of Ameri-
can prestige abroad and
would do all he could to ar
rest it.
This is where his main In
terest lies. His answer 70
future claims upon his time
viii depend on whether he
believes he can be useful In
arriving ct real solutions.
So far 1t appears that the
administration does not have
q constructive program for
snoring Up NATO and that
the projected meeting viii
be largely another public re-
lations operation. Under the
circumstances. Mr.. Steven
son now Is inclined to ques-
ton both the utility Of the
meeting and the value any
participation by him would
have.
It is generally believed
here that the State Depart
ment would have been just
as glad II the NATO nations
had consented TO cancel their
conference on word Of the
Presidents new illness.
Secretary Of State Dulles
is q private realist in spite OF
his customary public opti-
mism. He knows how many
difhculties the Presidents
Evening star., 1957-12-02
NSTANTINE BROWN
Appeosement Talk Spreading

1t merely intimates that the
Free World must make q
supreme attempt to establish
lasting peace by co-existencs
with the Communists.
There is no doubt that we
have allowed ourselves to be
out-stripped by the Soviet
Union in a number Of types
of unconventional weapons.
We are tagging behind; but
that does not mean that
with the proper effort and
sacrifice we cannot only catch
up but far exceed what
the Communists call bombas-
tically their unmatched SUI
periority.
Through the history Of
wars there have always been
new devices too numerous TO
list here which gave the
impression that their dis.
coverers had become unbeat-
able. And invariably anti
dotes we're found which
nullified the temporary ad-
vantage. This same applies
now when scientists are
working on means TO counter
the effects Of ballistic mis-
sileS.
We have been fast asleep
since the Korean War. We
lulled ourselves into a false
sense Of security based on
the miscalculation that the
Russians can only initiate
but cannot invent anything
spectacular.
The Sputniks have opened
our eyes So has the knowl.
edge that the Reds have the
know-how to produce ICBMs
and IRBMs. Since the dam
ger became apparent. how
ever. there has been a definite
realization Of what we are
up against and there Is
every reason TO believe that
henceforth the executive and
legislative branches win CO.
ordinate activities in an ef-
fort which will permit US to
face the Communist danger
without the necessity Of sur
render.
Evening star., 1957-12-02
CONSTANTINE BROWN
Those Who PIoy The KremIin's Game
Plead for Red-Type Co-Existence

running for shelter and
would like the leaders Of the
Free World TO get together
with the Kremlin's arch
villain Khrushchev at q
summit meeting.
The real or fancied Rus
sian military power has
frightened a number Of good
people In the United States.
Those who have been play
ing the Kremlin's game to
share our military secrets
with the Russians and advo-
eating the Soviet-type Of CO.
existence are exultant. They
do not tire Of describing the
invincibility Of the Soviet
forces and especially their
reported immediate ability to
launch pushbutton war. They
argue that unless a summit
meeting is held In the near
future and we get of our
high horse we may suffer
total destruction Of our cities
and industrial capacity while
we could retaliate only in
effectively against the Rus
SLAMS. Our retaliatory bases,
they point out, would be the
prime target of Soviet mis-
siles and once they were pull
verized the Reds could pro-
ceed with the destruction of
our helpless centers.
Since we are in such q
desperate position. why not
choose the lesser evil and sit
at the diplomatic table with
the Russians and Chinese
Communists TO settle our
differences even II the Reds
get the best Of the deal. ask
those who play the Kremlin
game. The American slogan
Of Give me liberty or give
me death" is, in the minds
of these timid souls. as out
moded as archefs.
This type Of propaganda
is sometimes blunt-when it
deals with the Red military
superiority-or subtle when
Evening star., 1957-12-02
Vice President Needs to PIoy Cards Well
If He Wants to Succeed to Presidency

freeze out any rival for the
Republican Party's 1860
nomination. virtually pre-
empt q m onopoly. even
though he already was in a
most enviable position before
his heavier involvement in
both the Eisenhower admin
istration and the Republican
Party. He is. in fact, stra-
logically located TO make
himself almost indispensable
to the party.
His promoters have the
argument that he already
knows the business Of being
President. and now begins
a course in practical expert
ence. Furthermore, with the
prestige Of the White House,
he Is enabled TO translate
that prestige and expert
ence into power with leaders
Of the party.
II IL q heady business for
the Californian, who viii be
IS years old In January,
though he Is adroit and mall
leable and adaptable. He can
change previously held polit-
ical views a. easily and
quickly as he can slip into
q dinner suit or white tie and
tails. for state or diplomatic
functions.
He needs 10 play his cards
well because he win be operat
ing constantly in q delicate
area. There are pitfalls
aplenty.
In cases Of this kind II Ia
those In the intimate circle
ABOUT Dig ngures, such as the
President, who serve him and
are devoted 10 his interests
and are involved personally
who are susceptible TO jeal-
ousy Of any new claimant
for power.
In the present case. much
diplomacy and finesse are
required for two men TO
share power who are In close
relation 10 the President In
this emergency.
They are the Vice Presi-
dent with his admitted access
sion Of added authority. and
Evening star., 1957-12-02
DORIS FLEEs0N
The White House Situation

vigorous presence was sup
posed TO gloss over.
Vice President Nixon 10
naturally eager to display
himself In the role Of inter-
national statesman but II Is
clear that some people In the
White House. including pos
sibly the President. have had
some second thoughts about
that.
It must be remembered.
too. at this point that the
Vice Presidents actual power
is small. He can exercise
only authority delegated BY
the President. There Is every
sign that it IL being dele.
gated only in part and sub
ject to the views Of the
Presidents personal staif.
especially Sherman Adams.
The situation win be fur
ther complicated when the
Democratic Congress returns.
II will not lend itself to the
aggrandizement Of Mr.. Nixon.
With reputable doctors
saying bluntly In print that
the President has had q
stroke and unquestionably
has hardening Of the arte-
ries. the Washington climate
cannot be returned to the
old optimism even by the
admitted artist. Press Secre-
tary James c. Hagerty.
A struggle for power in the
executive branch is inevitable
and the choosing Of sides
between Generals Adams and
Nixon cannot be long de-
layed.
Evening star., 1957-12-02
THOMAS L. STOKES
Nixon's White House Role

Sherman Adams. assistant to
the President. who has been
accustomed now for i've
years to being the Presidents
alter ego. to speak for him,
to make many decisions on
his own. and to direct the
whole administrative staR
that serves the President In
the White House executive
ofices.
Vice President Nixon now
has moved into this set-up
on q daily basis, Is available
for the press. and did not
hesitate TO Join the group
which dispatched orders to
proceed with production Of
the Army Jupiter and Air
Force Thor missiles and with.
out q decision by the Presi.
dent.
Already one senses the
"delicacy OF operating under
the new directorate" or
regency"
Another handicap which
the Vice President Is bound
10 encounter Is found In
Democrats. most any Demo-
Gratis, but particularly those
among the party leadership
In Congress and outside who
never have forgotten the
Nixon campaign innuendoes.
His targets not only In
cluded such top party figures
as former President Truman
and Adlai Stevenson but also
now important Senators
whom he belabored with
often venomous and venge-
ful charges In his vain at
tempts 10 defeat them.
Democrats regard him 90
now more than ever their
likely opponent as the Re-
publican Presidential candi-
date In 1860. He will continue
10 be a political figure for
whom they do not wish well,
80 far as 1860 goes, though
highly conscious OF their re-
sponsibility TO cooperate
with the administration In
matters OF national security
meanwhile. which they win
do.
Evening star., 1957-12-02

The Communist gangrene
Is spreading at an alarming
pace not only In Europe and
Asia but also in the Western
Hemisphere. II is not the
theology which Is dangerous
to the Free World but the fear
that the Communist worlds
military might has become
superior to ours.
Soon after the war the
tired Western European
countries became hypnotized
with the co-existence ideas
set forth BY the Kremlin
through It's many cells.
Co-existence peaceful eco
nomic and cultural relationsl
Is the normal state Of things
between nations when they
are not actually In q shoot
ing war. But co-existence as
understood by the Commu-
mist nations Is different. 1t
implies an eventual submis-
sion 10 the strongest. And
the Communists feel they are
the strongest.
Never since the 30 years
religious wars in the nth
Century has any nation or
bloc of nations tried TO i'm.
pose Its ideologies by force or
ruse. Now the USSR is using
both to win world domina-
ton. We are giving material
assistance to Yugoslayia. Po-
land and India-all either
directly or indirectly in the
enemy camp. We have yet 70
see the Soviet Union offer
ing any kind Of aid to South
Korea or Israel. We put no
tags on our help 10 those in
need. The Kremlin demands
obedience. That is the diff
ference between our concept
Of co-existence and theirs.
Frightened by Russia's
launching Of the Sputniks
and the revelation that they
have (assumed in operation
one or more ICBMS and
IRBMs, the timid souls are