davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-28
BY DICK SLAY

If you can imagine being
satisfied with seth place among
38 finishers in a sports car race.
you may get an idea of the Ella
ton felt by the Manhattan Auto
people last Saturday night. Such
are the rewards of Sebring.
Washington's representatives
in the 12-hour test were all pres
ent and accounted for today
after struggling back from
Florida. Jim Robinson never got
a foot in the Arnolt- Bristol he
was supposed to pilot, but the
other five cars handled by Wash
ingtonians were still running at
the end. which is accomplish
ment enough.
1t is common knowledge by
now that Charlie Wallace
grabbed the most spoils by team
ing with Art Bunker of Kansas
City to bring in Jack Pry's little
Porsche Spyder RS 1900 to
eighth place.
Next came Dick Thompson,
co-driver with CASTOR Audrey
of Boston. in a stock Corvette
for 18th place; Hap Dressed, Don
Cullen and Frank Pohanka COM
bining in an AC Bristol for 22d,
Fred Windridge in 25th place
with George Reed Of Chicago in
their Mercedes Benz 300 81 and
then Steve Splitter and Bill
Kincheloe Seth in an MG-A.
Second MIG Triumph
But 36th place meant that the
MIG factory won the team prize
for the second year in row,
because all three MG-A's were
still running at 10 pm. and run
ming well ahead Of the Renaults.
1.-THE only other team to finish
intact.
Joe Herson of Manhattan Auto.
who directed the pit crew for
Splitter and Kincheloe, called this
Sebring the best I've ever seen. "
His car was four laps ahead of
the other MGs before trouble
struck.
The trouble was paint flakes
in the fuel and it took As minutes
to drain the whole system and
the race was then about eight
hours old. Seems the gasoline
funnel had rusted, some guy
painted it and the gas ate
through the paint during refuel-
ing. Herson will mutter about
that one for a year.
Thompson, driving for the Cor
vette makers again, was without
first and second gears during the
first four hours, but once the
llnkage was repaired he easily
topped all production cars. won
Glass 10 and even passed the
modified Corvette near the end
when the latter developed brake
trouble.
Corvette could have won the
team prize if the highly-touted
experimental SIS had finished.
But 1t didn't, for want of a
30-cent bushing on one of the
rods which locate the rear axle.
The bushing disentegrated after
about four hours and there was
no replacement at hand.
Dressed, who finished 18th last
year, missed repeating by five
places because OF a broken rear
center bolt which blew a tire
about 8 pm. The tire was
changed on the course and then
there was another Is minutes
in the pits fixing the bolt and
this AC Bristol settled for 22d
spot.
Windridge was one lap behind
Dressel-l54 laps to l53-but
three places in order of finish.
Still, the Mercedes won produc-
ton Glass 9.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-28
Chicugouns First
For Purker-Gruy

NASHVILLE. Tenn, Mar. %
R).-Parker-Gray High of
Alexandria, three-time basket
ball champion Of the Vir-
GINA Interscholastic Association
Group II class, plays St. Eliza
beth Of Chicago today in the
first round OF the National Ne
gro High School Basketball
Tournament at Tennessee State
University.
The 10 entries, representing
Is States, comprise the largest
field in the Journeys history.
The pairings today:
10 a n.-Bruton Heights tWlliams-
burg, Va vs.. Rosenwald Panama CITY,
Ii :25--Druid Tuscaloosa. Ala vs.
Washington Memphis, Tenn
1890 . N. Merrill pine Bluff,
Ark. vs. Howard oChattanooPa Tenn
2:l5--parker Gray alexandria, va
3i0--Mathcr Camde29' s. CT ys
Atncks .iiopkinsyilie XVI
5.nb--Milton l1ampa Fla) VS.. Yves.
ley Chapel Catthapc, Miss
p = Mckinley Baton Rourp, La
vs., Washireton MONTGOMERY Ala.
s?5---Jogcs dittle Rock. Afk1 vs.
-. a.50--Atiunta Price ". winner OF
WILLIAMSBURG Panama CHS
Tl'iJ--Terrrll OF Fort Worth vs.
winner Of TUSCALOOSA. Memphis
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-28
Leagues Organize

The final meeting to organize
the Departmental, Vic Gauzza
and the Metro baseball leagues
will be held at 1880 o'clock to-
night at the Thomson School,
Twelfth and L streets NV.
Papago Indian news., 1957-12-01

CONTINUED y
Amendment, in
of @
a
TO
snail be effective
Papagc
during
che them during several
lution requesting election January 49, 1853
{
lcontne y
land, etc. held
The
distributed
eseVaion and interviewed che various invidua1s who
ID ~
wording 80 had thought
9 Qs
public
Individual, agreement
money Immediately
funds
ae individuals being encouraged to their
Q
WPapas o.
bills instances people receiving public assistance
asked for and VIII monthly from their funds
at
Papago Indian news., 1957-12-01

Three acres Of land On cop Of LIT Pt
in choosing the 'iperfect location" for What
PERM ssion to use the land was granted by rest
at the December meeting.
PERM ssion TO use che peak was grant
tribal traditions about the Eou1tail Will be
tion in certain areas.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04
WALL STREET WONDERS
Stocks Record Hiohs,
Close Year as They Began

Bethlehem Steel, 377s by Out
board Marine and 3l2s by Gulf
Oil. But mighty Dupont dropped
1914 points to close at 1929
Another blue chip. Standard Oil
New Jersey ended the year
unchanged.
OF the 1872 stock issues
tradeo in 1856 there we're only
439 gamers to 90l losers. In
1855. however. 874 stocks rose
and 478 fell while in 1854 ad-
lvances outnumbered declines by
1890 to At.
The past year was a cautious
one. in contrast to the raging
bull market of 1855. The figures
on trading volume indicate this:
556,284.172 shares in 1856 COM
pared with 573.374,622 the year
before.
Traders and investors had
plenty to be cautious about.
Overall. it was a fine year for
American business despite some
Spotty aspects in the economy
such as the steel strike and the
fall-off in auto sales. The big
overall statistics, such as gross
national product. we're higher
than in record breaking 1856.
But the year was festooned with
news events of disconcerting
nature.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04
1857: Year Of Basic Decisions for Area

believe some way will be found
to end delays and move ahead
with these various programs in
the coming year." he said.
Population on Move
One reason for urgency was
THE continued movement of pop
ulation into the suburbs, taking
with it an increasing share OF
business from the Central City,
and creating a still greater need
for highways. streets and mass
transportation facilities to move
these people back and forth to
work; also, to provide means and
'conveniences to retain them as
downtown customers.
The areas retail trade, esti-
mated at more than $2.3 billion
in the last year. is expected to
set still higher record of more
than $2.4 billion in the coming
year, but the suburbs undoubt-
eddy will increase their share of
the total to half or even better.
Just eight years ago in 1913,
the suburbs accounted for only
about one-fourth of the total,
but in 1856 they were not far
from the halfway mark.
Government and private pay
rolls rose to new highs and are
expected to show further in
creases in 1857. A substantial
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04
Servings & Loan

The 80 member associations of
the District Savings and Loan
League set new records with sub
stantial gains in 1856. but rising
competition for savings at the
years close raised some problems.
A scattering of dividend rate
increases appeared to be the fore
runner of a general upward trend
and a number of associations
were known to be considering adj
vertising of rates. something
most of them have Stunned in
recent years for fear of resulting
rivalry and expense.
Many older and larger associa-
tions still hoped that rate adj
vertising would be moderate and
limited. and Mr.. Smuck COM
mented:
1T is questionable whether
more aggressive advertising Of
dividend rates will encourage
new savings. More than likely
1t will result merely in the shift
ing Of presently planned savings
investment funds.
1.-THE present situation points
up the pressures that are ram
pant in the thrift and home
financing business" he added.
Savings Up 1O.5 Pct.
In his review Of a record year,
Mr.. Smuck pointed out that de-
spite the tight-money market,
member associations increased
invested savings los per cent
during the year to more than
$707 million.
While the volume of new loans
was about 10 per cent behind a
year ago, outstanding mortgage
loans at the years end we're
about 8 per cent above a year
earlier.
Member associations form the
largest source of mortgage funds
in this area for the purpose OF
buying or building homes" he
emphasized. Associations as
sets at the years end exceeded
1894 million. an increase Of 10
per cent from a year earlier.
This was accomplished in the
Continued on Page CO. Col.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04

signs point to some expansion.
Growth of private business con-
tinues on an impressively broad
front.
Demand Unprecedented
The increasing number of ma
tional trade associations. labor
organizations and other repre-
Isentatives Of major national
groups helped to create UNI
precedented demand for Office
space in 1856. Offices of leading
American corporations also in
creased in number and size and
Strictly local business recorded
continued growth.
New Office space in the Gen.
trail portion Of the city has been
snapped up as soon as completed,
indicating that construction Of
office buildings will remain high.
lily profitable in 1857.
Despite a decline from the
previous year. area construction
Iof more than $317 million in
1856 represented one of the best
years on record and a continued
fast pace is predicted.
Addition of more new indus
tries and expansion Of existing
ones will continue as the Wash
ington Board of Trade and
other organizations remain ac-
Continued on Page c., Col. 1
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04

probably will continue in 1857.
but public projects will more
than Offset any downward trend
in building, he declared.
Mr.. Talbot said prospects
were good for more Office build
ing construction with rental
agencies reporting new Office
space being filled as it becomes
available.
Tourist business here in 1857
is expected to set another record.
he reported. A special campaign
to promote Washington as q
summer vacation spot was con-
Quoted by the Great National
Capital Committee of the Board
of Trade.
at was gratifying to see more
downtown businessmen improv-
ing and undermining their prop
erty last year, said Mr. Talbot.
who has conducted a nationwide
Continued on Page C-3. Col. !
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04
TEN TOP BUSINESS STORIES
OF 'E6 IN WASHINGTON AREA

Sale of Capital Transit Co. Wolfson unloads to Chalk
and Co.
2. Tight money resulting from Federal Reserve curbs
reflected in record loans and bank earnings
g. The battle of interest rates to attract savings
deposits The banks the building and loan assoca
tons
4. Seven Corners and the mushroom growth Of other
shopping centers throughout the
Ford Motor Co. makes first stock offering to public.
The scramble of buyers and brokers here to get it,
New District law cuts red tape of stock ownership by
minors.
z. Irregularities disclosed in Coastal Finance Co.
8. Securities Exchange Commission drive for truth in
securities offerings protection for buyers
Downtown Wahingtons drive to halt customer flight
to the suburbs gains momentum. Store hours adapted
consumer buying time More parking and free parking.
Shoppers buses.
TO- Potomac Electric Power Co. loses struggle for Loudour
County generator plant SITE takes Montgomery County
alternate.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04
Hot Race for New Sovinqs
ToCost Area Borrower

Banks savings associations Of Washington
Metropolitan Area opening 1857 in hot attract
savings to meet unprecedented demand for loans.
The immediate spur which brought succession Of
peve increases 1856 ended decision the
Federal Reserve Board and the Federal Deposit Insurance
permit member banks 10 to cent for savings
More than rs of the 48 banks signed their intention
Of paying the maximum of by the start Of the
and the rest expected to fall in line.
Savings and loan associations which have had the upper
hand competition for savings for several years. faced
with raising their rates to 32 cent and higher losing
their advantage. They reluctant to do either
Area borrowers undoubtedly will to provide the
greater rewards for this year.
How the types of lending institutions Jared during
told by Daniel j. Callahan president of the District
Bankers Association and Carl Smuk president of the District
Savings and Loan League:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04
Economists See
New Gains With
Rising Prices
BY STERLING F. GREEN

sRH"SN+atNh AltSa W TlItT
The 1857 outlook is for further
record-cracking gains in the ma
.tional prosperity. And more
price rises.
But when the Governments
economists look beyond midyear
their crystal ball dims. Some
look for continued sales and pro-
ductlon increases. at a slower
rate than in the first half. 9th
Iers foresee a leveling-off; a few,
IA mild downturn.
There is agreement. however,
between administration officials
and their economic advisers that
over the full year the Nation S
output will run well above the
current record rate - which is
fairly close to S240 billion a year.
Part of the anticipated gain
will be illusory, they admit. Per-
haps half of it. some believe. will
reflect price rises instead of ac-
tual increases in the volume of
goods and services produced.
Initiation will go on, it is an
Iticipated. for another half year
Ior possibly longer. bringing a
new succession of highs in the
cost of living.
Prices won't run away, bar
Continued on Page Clio, Col. 5
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04
Drug Fair Plans
10 More Stores

Drug Fair plans to open 10 new
super drug department stores
in the Washington area in 1857
the greatest expansion program
in the history of this rapidly
growing chain.
President L. Elsberg and Rob-
ert Gerber, executive vice presi-
dent and treasurer. announced
today that 1856 volume of the
company reached a new high Of
more than sos million. with a
rise of 20 per cent from 1855.
Our 1857 expansion program
will start early in the year with
the opening Of a 70.000-square-
foot distribution center in Airing
ton" the statement said.
I'VE at Drug Fair have pre-
dicated planning on the belief
that this will be the most signifi-
cant year in the development OF
the Washington Metropolitan
Area.
Coupled with an expanding
market will be surge OF buying
that. we predict. will result in
1.-THE beginning Of an era Of UNI
epialled prosperity" it added.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04

and bridges to link the Central
City and suburbs. redevelopment
of the deteriorated Southwest
section of the Capital, and pro-
posed revolutionary changes in
District coming restrictions were
among the issues still debated.
Uncertainty over the final
outcome of these plans kept
property owners. businessmen,
lenders and borrowers in the
anxious seat. Many hoped that
action would be taken as soon
Jas possible. The delayed deci-
sions will affect property values
for generations. they emphasized.
1t also was clear that the final
outcome. affecting property as
sessments and future taxes, will
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04
BY ED MORSE
Associated Press Financial Writer

NEW YORK, Jan. 4.-The
stock market bounced off the
ceiling of an all-time high in
1856 and wound-up just about
where it ended 1855.
The Associated Press average
Of so stocks finished the year
at $181.50. or $1.30 above where
1t closed in 1855.
The Dow-Jones industrial
average ended 1856 at 499.47, not
much above its SIS close of 489, 40
Among the years Is most &C
tive stocks there was almost an
even split between gamers and
losers. Twelve rose, IL fell and
2 were unchanged.
Analysts Uncertain
Wall streeters wondered
whether the seven-year bull
market had run out of gas OF
whether it was just taking q
breather.
To many financial analysts il
looked as if a succession OF
little bull" and little bear
markets was in prospect. No
body could predict whether some
important new development
would push the market decisively
one way or another.
The past year was one OF
selective gains and losses. The
star of the New York Stock
Exchange was Lukens Steel. 1t
closed in 1855 at as and, rose TO
1928 in 1861 gain of 1873.
Bethlehem Gains
American Telephone, the most
widely held Of all stock issues.
took loss of 9 points in the
year.
Gains Of 34ss were made by
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04
Banks

Banks in the District of Co
lumbia experienced an all-time
record year in 1856, highlighted
by substantial increases in both
loans and capital funds. Mr.
Callahan reported.
On September 30. date of the
last Controllers Call, total re-
sources of II District banks and
trust companies aggregated ST.
479,947.515, an increase of $24.-
205,00 or II per cent from the
like 1855 date, he said, Deposits
stood at $1,350.564 ,922. a gain
of S17,247.590 or l.3 per cent
from year earlier. The all-time
Continued on Page CO, Col. A
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04

new ways OF reducing operating
costs through increased eff
cheney.
Merchants with large invest
lments downtown planned i'm
Iprovements and promotional &C
tivlties to maintain the central
city's dominance of the area
market.
/ Mushrooming of shopping
centers. particularly in the sub
urbs, is expected to increase the
mortality rate for area business
this year. Some of the locations
have been ill-conceived and
poorly planned. These are ex-
pected to fight a losing battle
with nearby competing centers.
With formation of new busi-
nesses at record levels. the num-
Der of failures also is edging
higher. A leading merchant here
recently pointed out that only
II per cent of new firms are
surviving their first five years.
Prosperity also has made il
easy for the sharpster and the
dishonest to fleece unwary GUS
toners. The Better Business
Bureau at the year end listed
some of the latest rackets claim
ing its attention.
Federal PayrOlls Stable
Philip NJ. Talbot, president OF
the Washington Board of Trade,
and Richard ID. Gibbs, president
of the Merchants a. Manufac-
turers Association, both stressed
/ the great stability of Federal
employment and payrolls in this
area for the last year and pre-
dicted a prosperous 1857. Heads
of other organizations held sim
liar views.
Pointing out that area unem-
ployment now is only Is per cent
of the total labor force, one OF
the lowest rates in the Nation,
Mr.. Talbot said many new firms
and organizations have come
into the Washington area in
the last three years. This has
meant around 5000 basic and
service jobs and an additional
annual payroll of SAB million,
he said.
Next year we anticipate that
more organizations will decide
to locate in Washington and
our basic Federal employment
requirements probably will not
decline. AS a matter OF fact.
Government employment may
become slightly higher, depend
ing on developments in the in
ternational field
Mr.. Talbot. who is senior vice
president OF Woodward d. 10th
Irop. estimated Washington re-
tail sales reached S2.3 billion in
1886 and predicted they will ex-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04

determine in vitality important
way the character of the Ma
tional Capital and its value to
the entire Nation as the Seat of
Government.
With many different agencies
helping to shape plans. progress
has been tedious. Vaccilation of
some officials between alterna-
tive proposals have added to de-
lays. 1t has been a case of too
many cooks trying to prepare
the same broth, each in his own
way, declared a veteran civic
leader.
1T has been disappointing,
but in view of the extreme
urgency of these matters, l still
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04
Shifting Population Demands
Change Of Economic Course
BY DONALD b. HADLEY

With population nearing the million mark and
another generally prosperous year ahead, the Wash
ington Metropolitan Area stands the threshold OF
1857 awaiting basic decisions that will affect its future
growth for years to come.
Complex plans for a system of express highways
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04

coed $2.4 billion in 1857. AS
employment and personal income
rise. consumer spending will
push retail sales higher, he said,
Population Still Grows
Population continues to in
crease and there is every indi-
cation that population of this
area will reach 2 million in 1857,
he added. The decreased rate of
residential building last year
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04
I rode Leaders Optimistic.
But Costs, Failures Rise

washington business leaders expect another
Metropolitan growth continues very rapdy
of the growth and its attendant prosperity have created
problems.
limits price increases put merchants their
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04
rs MOST ACTIVE STOCKS

NEW YORK jan N1.-Of the total volume of $50 1884,
l72 shares traded during 1856 the New York Stock
Exchange the rs most active securities accounted for $780,
100 shares Is Of the sales Individual
volume HIGH low and closing prices with the
the year of the rs leaders shown following table,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04

Federal pay increase seems as
sured although Congress prob
ably will trim present very large
demands. Private wage averages
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04

probably will follow the higher
Government trend as in the past.
No reduction in Federal en-
ployment is in prospect and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04
SPOTLIGHT 7956-7957
BY FRANCIS P. DOUGLAS

BY FRANCIS p. DOUGLAS
1856 record for most business in the
Washington Next the overall record promises to be
better. with soft spots.
Here a summary of 1856 and forecast of 1857:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04
INDEX

N. Y. Stock Exchange
Annual Summary. CA
American Exchange
Annual Summary. C.6
Bond Market Summary. C.S
Metropolitan Area
Securities. CT
Utilities. Life Insurance. C-l2
Coal and Steel. CO
Mutual Funds, Automobiles. Gil
Agriculture. C.I3
Tax Memos. Cha
Labor. C.Is
Electric Utilities. C.ls
Rails and Oil. cir
Government Financing. CHS
Wings and Wheels. CHS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-04

Here are two sets
balance sheet:
Gross national product
(total output of goods
and services
Personal income-after
taxes
Evening star., 1957-12-19
Scientific. Technical
Accord

rs. We recognize that In
most OF our countries more
should be done to increase the
supply Of trained men in many
branches OF science and tech
nology. The full development
of our science and technology
Is essential to the culture, TO
the economy and TO the polit-
ical and military strength Of
the Atlantic community.
26. We realize that progress
will depend on vigorous action
within individual states and in
particular on the devoted con-
tribution Of teachers and scien-
lists. We must increase the
provision for the training Of
young people in scientific and
technical subjects and must
also insure that the free pur-
suit Of fundamental research
continues to flourish. Each of
our governments will therefore
reappraise the support being
given 70 scientific and technical
education and TO fundamental
research.
81. We seek 10 increase the
effectiveness Of national efforts
through the pooling OF scientific
facilities and information and
the sharing OF tasks. We must
build on the established tradi-
ton OF the universally Of true
science. Our governments will
See TEXT. Pare Al