davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-30
CHICAGO GRAIN

CHICAGO, July 30 N1.-Most grains
weakened on the Board of Trade TODAY,
influenced BY continued good crop
weather and profit-takins
o,,, Wneat, irsctionally hiEher At the
selling. Although some flour business
was reported in early dealings, this
was not great and local selling offset
Large bakery interests. normally in
the market for new supplies Of fiour
this time Of wear, stll were repor, ed
holding out generally in hopes Of lower
Corn continued lower on GOOD crop
and weather news. soybeans rallied
a. the start, but showed no great
Near the end o, the nrst hour new
TENDER 2.i5h, corn was I. 10 y lower
September l 30. oats were unchanged TO
70 lower, September 66, rye was y to u
lower. September. 30. soybesns were
s4as Fisher sId 70 70, z lover September
70 2 cents lower a hundred pounds.
September 1855
The weather Bureau forecast some
scattered thundershowers over most Of
me me 9 ths soy soyoe a and wheat areas dur
are expected TO remain hieh.
Althoueh some improvement IN the
nour business was noted yesterday.
traders said II still lacks the volume
hoped for spokesmen for some mills
and several spectators said they ex-
peet some large bakery interests TO come
into the market soon 20 cover their
needs for at least 120 days
Some traders feel that further wheat
upturns are likely II -four business ma
terializes In volume. but they also be-
lieve that new constructive factors are
necessary TO sustain any rallies.
One brokerage house-Francis Du
the present level for the new crop
seems TO be reasonably priced but that
weather and crop DEVELOPMENTS will be
the markte's dominant influence
Other observers expressed the opinion
that the governments july corn crop
estimate OF iust under the a-biiIion
bushel market probably will be the
smallest for the year
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-30
BUSINESS
BRIEFS

Business Failures in the week
ended July IS totaled 228 COM
pared with 266 in the previous
week and 274 in the like week
a year ago.-Dun & Bradstreet.
Construction Contracts in
June totaled 243.486, 900, up
1919 from 1856; for 6 months
$16.958,005, 900. up SO from
1857. w. Dodge Corp.
United States Exports in
June totaled. $1,805, 000, 900,
about the same as in May, but
up So from June a year ago.
Commerce Department.
Gen. Motors Acceptance Co.
reported it had purchased re-
tail receivables OF 1895 million
in the second quarter, up from
1892 million in the same period
a year ago.
Phillips Petroleum in 6
months ended June 80 earned
$50. 1886 or $1.55 a share VS..
$5l.565,7l9 or $3.50 in 1856
period.
National Biscuit in IL months
ended June 80 earned $21, 373,-
500 or $3.07 a share VS.. $18,-
532.774 or $2.63 in 1856.
Warner Bros. Pictures in 9
months ended June l earned
$3,174,201 or $1.76 a share VS..
$2,165,20l or 81 cents in 1856
period.
Other earnings included:
For 8 Months Ended June 30
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-30
CHICO LIVESTOCK

saiabie hogs $500: active. * 70 81
higher on butchers; full advance on
weiRhts over 24O ID: sows moderately
active, uneven: strong to mostly 2t
higher; most advance on. weights
under 400. ID: instances so hieher or
these weiehts; good shipping demand
No. 2-3 2O0-2S0 ID butchers 2l.75-
%. 5: few. lots No 80 24O-25O ID
butchers. along with a few lots / 3
mostly IL 2OO-23O ID 90. 1899 IS;
100 head No. ] .215 ID at 224O: few
mixed grades lots 1S0-1a0 ID 20.25-
2175; lot No. 3 80 ID at 2150,
larger lots mixed grades 325-4O0 Ii
soys 10 25-20;5b few lots 300 ID anc
lS25-19.O0: stable lot over 500 il
saiable cattle 5000; calves 200:
choice and prime steers fairly active.
mostly steady to strong; Instances IS
to 30 higher: steers good and below
steady to weak: heifers steady to %
higher; cows steady TO fully 25 lower;
bulls weak to so lower vealers and
stockers and feeders about steady;
hieh choice to low prime steers "a. 90
q 30; loads l3OO-137b ID 1850:
good to average choice steers 2l.5O-
1915; standard steers down TO 1900;
good to high choice heiferS 5000
q 20; load OF standard and good 77b
10 1850; utility and commercial cow
I'D 5.5O' Gamers and cutters
900 1900; utility and commercial
bulls Is 5O-17 so; good and choice
vealers 21.0O-25 90. culls down 10
100; GOOD 54O-5sO ID yearline stock
steers 22.5O-23.00.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-30
.ODD-LOT DEALINGS

NEW YORK. July 30 H.-The New
York Stock Exchange reported TODAY
these odd-lot transactions bv principal
dealers on the exchange for July %:
purchases of 2Ss,as6 shares. sales OF
sold short
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-30
PEOPLE
In
BUSINESS

william E. B. Graves, certi-
fled public accountant, has
been admitted as a partner in
the firm of Schell S. Heye g.
Co.. certified public account
ants.
Joseph S. Baldwin, special
agent of the Northwestern Mu-
tual Life Insurance Co., has
been elected to the Executive
Committee Of the company's
Nationwide Association of
Agents. He is with the Paul R.
Harrison general agency here.
Montgomery Ice Corp. OF
Bethesda, Md, announced 1t
has been named distributor for
Franks Its The Best" bev-
erages for the Washington
area. 1t operates Talbert's Ice
Service which furnishes ice and
beverages to commercial estab-
lishmentS. institutions and pri-
vate homes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-30
TRADE
WINDS
BY LOU SCHNEIDER

Though banks have become
more selective in their lending,
there is no scarcity Of funds
for essential business needs.
Disappointment in corporate
net profits for the first six
months, not nearly as much as
securities analysts had init
mated, accounts for the stock
markets dubious price behav-
ior.
Egg prices will be higher
later in the year because of
the reduced laying flocks, says
the Agriculture Department,
but predicts broiler prices may
decline as demand for chicken
meat weakens seasonally.
Foreign fashion designers
have switched ideas and now
pay more attention to the ma
tural feminine figure-because
those styles are more popular
and profitable.
Machinery makers are about
to face increasing competition
from Japan which has plans
to increase that export volume.
Wholesale food prices are now
at the highest level in two years
and will be reflected in retail
outlets within the next couple
of weeks.
Marketing arrangements have
learned the hard and costly way
that though hard sell" makes a
quick sale, 1t doesn't make per-
manent customers.
Stock brokers admit inves-
tor buying Of securities for capt.
tai gains is now more in style
than dividend yields.
Shipments Of automatic gas
water heaters for the first six
months ran IL per cent below
last years like period, reported
Edward r. Martin Of Gas APP
pliance Manufacturers Associa-
ton.
Consolidated News FeatureD
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-30
Stocks Mixed,
Slide Eases;
Trading Dull

NEW YORK, July 80 (R.-
Some Improvement developed
in the stock market after an
early decline, leaving prices
mixed early this afternoon in
dull trading.
Among key stocks there was
an assortment of gamers run
ming to around 2 points while
the losers were on in the range
OF about a point. The market
was still down on average, but
the partial comeback gave it q
much brighter look.
Wall Street observers saw the
market in an adjustment phase
following yesterdays setback,
the sharpest in six months.
Mixed reports on earnings, evil
dence Of a profit squeeze, failure
of steel operations to come up to
schedule and the presidential
request for q 10 per cent cut in
oil imports were among back
ground factors.
United States Steel, which
reports on first-half earnings
and operations after the close,
was of fractionally in early
trading, but later had a net
gain Of a fraction. AS other
steels showed a better tone, Pc
public Steel gained a major
fraction and Lukens was up
more than 2.
Chrysler resisted the down.
trend from the start. It ex-
banded a small early gain to a
point or so. Aircrafts were
mostly higher. Boeing, Doug
las and United Aircraft all
showed fractional gains.
Gulf Oil, which will be most
directly affected by the 10 pei
cent cutback in imports
dropped more than a point.
Government bonds improved
Corporate bonds were lower.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-30
Martin Posts
Gain in Net

BALTIMORE, July 80 (P.-
Increases in both sales and
earnings for the second quar-
ter Of 1857 over the first quar-
ter Of the year were reported
yesterday by the Martin Co.
Sales for the second quarter
totaled $l10,633,009 against
$98. 748,234 in the first quarter
Net income Of $2,416,397 equiv
alent to 50 cents per share
compared with $2,009,535, OF
SO cents per share, for the first
quarter.
Sales for the first six months
OF 1857 increased to $209, 38l,-
243. from $138,960,59O for the
same period of 1856, with net
income of $l.51 per share com.
pared to 81 81 in 1856.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-30
D. c. SECURITIES

SALES
Pot Elec Pwr comic at 81, 90 at
205s, 80 at 2Oh, 20 At 269.s rs
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-30
N. Y. PRODUCE

NEW YORK. July 40 ~ CusDAl -
Butter steady Receipts gS2 900
Prices UNCHANGED
Cheese steady Receipts 500 900
Prices unbalanced
Wholesale esq prices unsettled Re-
ceipts 1880 New York spot quota
lions follow Midvestern Mixed
colors: Extras l4s-5n lbs ~ 49iz.44ia
extras large t4b-4s ibsl 42-4ats en-.
tras medium 31-Js standards large
1881 checks 26-27is whites X
tras tfs-50 lbSD 43-44. extras LARGE
ss9 SO lbs l2.,-4Si sI,rss T ,ssEn
lbs 44ia-46h.
NEARBY. whites: Top quality as
so lbs 4s-5Oa mediums 40is-41 ~:
smails 1920. peewees 2O-20h Browns
Top quality $3.50 lbs 4els me-
wees 20-20is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-30
SAYS Million Plant

BALTIMORE. July 80 (R.-
A $42.5 million power plant will
be eretced by the Baltimore Gas
d. Electric Co. 9 miles east OF
here to meet demand for serv-
ice north and east of the city.
The company said the project
is expected to be completed in
1861.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-30
VISIBLE GRAIN

CHICAGO. July 80 ~. - The
United states visible supply Of wheat
increased 1880 900 bushels last week
to 326,gi5 600 bushels the board Of
trade reported Rye decreased 3.ai2..
600 bushels n 1889. 600 bushels;
600. rye increased 75b 600 70 4. 2O3.
600 barley increased p26.n00 70 ga
$40 600 snd soybeans decreased 49,
900 70 fiT0 600.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-30
NEW YORK COTTON

NEW YORK, July 3O R-Artiv,
selling depressed cotton futures m
forenoon dealings today. Most oI
the pressure came shortly after the
opening Selling again was touched
On BY higher erop. ideas and belief
be announced shortly after August A,
Will be lower than previously expected
Noon prices we're e5 70 so cents
bale lower than the previous close
October - 81 December 34Se and
March "a 90
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-30
FOREIGN EXCH'GE

NEW YORK, July 80 R.-Foreign
exchange rates follow. Great Britain
in dollars, other in cents (unch1 ed
unless otherwise notedl:
Canadian dollar in New York open
market ! 81 "a per cent premium or
l05 Asa United states cents, up l "a.
Europe: Great Britain tpound),
SIS 1882, of 80; 30-day futures,
s.f7j. on ilSs: sO-dSy futures.
s.17,s, OF ll32: Belgium lfrancl.
;e9is. up 0ob: France tfranel,
dsatss q Ssn germany ~; w soiana
(guilderl. 26l3. up OF; Italy Ihra),
sl6ls of q cent; Portugal (escudol.
$50; Sweden tkrona), 1894; Switzer-
land tfrancl (freel, c3.34 Denmark
(kronel. 1880
Latin America: Argentins free),
2.37: Brazil (freei lag: Mexico. sol:
venezuela tbolivarl. 3O.03
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-30
Virginia Steel Sold

BETHLEHEM. Pa. July 30
R.-Bethlehem Steel Co. to-
day confirmed that its Buffalo.
N. Y. Tank Corp. subsidiary
has purchased the Virginia
Steel Co. Of Richmond, Va.
A Bethlehem spokesman said
operations are continuing"
but declined to elaborate on the
brief statement.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-30
METAL PRICES

NEW YORK. July 30 R.-spot non.
ferrous metal prices today Copper
cut Valley Lead IL cents . pound.
New York. Zinc 10 cents q pound.
East S. Louis Tin e55s cents . pound.
New York. Foreign silver oOM cents
per troy ounce. New York. AZ Pitts
quoted at SO 00-57 90
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-30

YaleGTowih . SIN 81 IL : u
SnEsShkT3s - loJIs io7Lt loSis+ 4
YnestStlDrls 2 26 25sb 2s1e- "A
zenithRad3s lisa ll4is llSif@ a
Hovriy Sales o. ths exehsnpe
il;o0 am SEQ 900 l2soo noon 900 600
i;o0 pm ! o6o 600 400 ON o 600 600
Unit O uadlna 10 shares o. sales IN
tull Rates o. dividends IN the toresotna
table are annual disbursements based %
NE AS qnarterty o. semi-annual dec.
aration Unless otherwise noted special
o. extra dividends are DOT included
Also extra q exuas . Annual rate
3 ~ isss plus sioeP dividend PSsc I ssi
wear PAYABLE N stocE dgrins 1871
estimated cash value on ex.diYldeDd o.
.i az .,d ~ DIVIDEND = psG sS:aD Z" 20
elsreo Of cad this year, 20 accamn-
sP Pse iss S eau s S:SS o s', y
G;ss s $:, :;sS. 4. S g.; -: &c
q e. Siyid.nd :, s1'dis;Tyessss de
: Aguidatias alvldend ela Called So
Iilhi. -, w E'I 4 s.ITsss... .rEIis
issued 10 Next DAY delivery 'In blnk.
rup.ey % recsiyerk9ip, o. oeinf rsor.
securities assumed b. such companies
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01
Court Stays Order
Boring Cut Rates
On Military HuuIs

The United States Court Of
Appeals today stayed q District
Court order which had barred
railroads from continuing to
cut rates for transporting
groups Of military personnel.
Last July II. Federal Judge
Joseph c. McGarraghy issued
an order preventing ~ major
passenger-carrying railroads
from continuing what a group
Of airlines described as cut
throat" rate practices and
illegal economic warfare"
The District Court Judge held
that the reduces railroad rates
violated antitrust laws.
But today. the appellate court
stayed the effectiveness of his
order pending final disposition
OF an appeal by the railroads.
The stay order was issued by
Chief Judge Henry Edgerton
and Judges David L. Bazelon
and Warren E. Burger.
The original court action was
brought by Aircoach Trans
port Association, Inc. and a
group Of airlines against the
Atchison, Topeka q Santa Fe
Railway Co.. and a number Of
other railroads.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01

| far from forgotten in the SEN
ate committee. 1t was learned
today that Senator O'Mahoney,
Democrat of Wyoming, and
several other committee mem
bers are so concerned with this
emergency presidential power
provision that they probably
will press for public hearings.
The main purposes Of such
hearings would be to determine
whether that section Of the
War Powers Act should be
continued year after year and
whether its administration has
been costly to the Government
or in any way unfair to pri-
vate contractors. The contem-
plated hearings could bear at
least indirectly on contract
procedures involving billions
Of dollars.
Because OF the Senate'S pro-
longed debate on the civil
rights issue and the log jam Of
other legislation awaiting final
passage before adjournment.
There is doubt that such hear
ings will be held or any COM
mittee vote be taken in time
for Senate action on the ex-
tension bill this year. Commit
tee members repeatedly believe
no damage will be done If the
bill does not get out in the
near future. Senate sources ex-
plain that adequate moves could
be made by the President I'M
der other emergency powers If
specific need develops.
Reactivated for Korean War
Title II Of the First War
Powers Act Of 1941, the section
relating to contracts. was re-
activated for the Korean War
emergency and extended by
Congress, for two or three years
at q time. to June 80. 1857. A
bill to continue it for one year
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01
4 Star Employees Retire
After Long Service

The Star lobby. 80 years serv-
ice: Richard Samuel Green,
laundry operator in the press
room basement. 81 years. and
James Lucas. who checked in
newsprint as it was brought to
the pressroom. 80 years.
Mr.. Schooley was employed
during his entire working life
at The Star. starting as q mes
senger. He entered his APP
premiership in the printing
trade and earned q Journey
mans rating. He was born
July 81, 1892. at Shenandoah,
Va. He lives at 4440 Yuma
street NV.
Mr.. Reinoehl was q clerk In
the business ONCE and then be-
came shift supervisor Of the
lobby counter. He was born
July 10. 1892. at Myerstown.
Pa. He lives at 40l2 Parkwood
street, Cottage City. Nd. but
has property in Orange Grove
City. Fla. and plans to build
a home and live there perma-
nently. He taught Sunday
school and is q former member
Of the Board Of Trustees, Sher-
wood Presbyterian Church.
Twenty-second and Varnum
streets NE.
Mr.. Green was born July 20,
1892, in Charles County. Va.
and lives at 46l2 Lee street
NE. He is considering enter
ing the trucking business.
Mr.. Lucas was born July 81,
1892, in Alexandra. He was
previously employed as a truck
driver by the Ray Engineering
Co. and the Vogue Dry Clean
ing Co. After he Joined The
Star he served as q truck
driver for % years. He has a
small farm of AZ acres In
Woodbridge. Va. He lives at
! 2261a C street S.W.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01

was passed by the House in
June.
Representative Heating, Re
publican Of New York, .ex-
planned that the House Judi
ciary Committee suggested only
one year because most men,
bers feel emergency legisla-
ton such as this should not
be extended for long periods
of time without sufficient study
and UNDERSTANDING" He told
the House he hoped the COM
mittee, of which he is ranking
minority member. would make
an exhaustive study to de-
termine whether the section
should be kept alive after June
80, 1858.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01

year came to light today, q
month after expiration of a
section Of the First War Powers
Act Of l941.
The House on June II voted
Observation-Disclosures with
some announced misgivings-
to continue that section until
June 80, 1858. The provision,
itself. automatically expired on
June 80, but the Senate COM
mittee delay aroused apprehen-
sion only recently among its
advocates.
1t also raised questions else
where as to whether expiration
Of this emergency power of the
President will hinder efficient
or legal handling of many ma
tional defense contracts.
Senators Concerned
The House bill. however, is
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01

Eisenhower's request that oil
importing firms east of the
Rocky Mountains reduce crude
imports by 10 per cent.
The company had no further
comment on Mr.. Eisenhower's
request. made Monday on the
basis of a report from a cabinet
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01

Oil importers east Of the
Rockies were asked to cut
crude imports 10 per cent be-
low their average imports in
1854. 1855 and 1856. The re-
duction would be effective for
a year starting last July /.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01

Four veteran employees Of The
Star, led by Leslie Barnes
Schooley. q compositor who
closed out so years on this
newspaper. went on the retired
list today. All have reached
the age ,of IS.
The others are Raymond
Clyde Reinoehl. counter super
visor. who met the public in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01
| committee.

committee.
Mr.. Eisenhower said national
security was threatened by
heavy and increasing imports
of foreign oil. He added failure
to comply with the request
could lead to mandatory con-
trolls"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01
In Name Only

TOLUCA, Mexico up. "A
tourist saw q large sign read
ing Chop Suey" on the front
Of q restaurant. He entered
and ordered q dish. I'VE don't
sell chop suey." the waitress
explained. That's just the
name Of the restaurant"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01
Lapse of War Contract
PowerLoid to Probe Plan
By ROBERT X. WALSH

An the President allowing agencies
to revise defense contracts and make payments
tractors has aped because Senators want to investigate the
operation of the law
This reason for Senate Judiciary Committee naction
HouSe-approved bill to extend the power for another
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01
GuIfCorp. to Cut
Oil Imports 1929

PITTSBURGH, Aug. / (R.-
Gulf Oil Corp. said today it
will comply fully with President
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-29

1t showers your clothes with a powerful
stream of filtered hot sudS--45 times min
ute! 1t rinSes your Clothes separate times
with the same amazing Ftter-Stream
Action! Then it dries your clotheS--all by
itSelf-with any OF different temperatures!
Available in white or Motchm
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-22

the challenger through the last two rounds and
clearly was the winner points when the last bell
sounded Dempsey was bleeding from bad cut over
his left eye and battered he did not seem 70
realize when the fight was over.
Did the long count" save Tunney's title and
prevent Dempsey from becoming the first fighter
to regain the heavyweight crown? Since no one can
say for sure that's Of the fistic debates that
can-and probably will-go on forever.
From where I sat at the ringside, an arms
length from where Tunney went down under Demp-
seys savage attack several things may be said with
some conviction, though not with finality.
First, there is no doubt in my mind that Tun-
ney could have gotten up after the count Of nine
Le without the benefit of the five-second bonus.
There is no doubt either that he was badly hurt
and that, superb as was his physical condition, he
would have been a much reader target for Demp-
sey's renewed efforts to deliver the crusher
In my judgment, the chances were better than
$3.50 that Jack would have done so-though In
saying now, as 1 did 80 years ago, do not under
estimate either Tunneys recuperative capacity his
consummate defensive Skill or the additional fact
that Dempsey faced psychological handicap when
he found his heaviest artillery had not kept Gene
down.
In any case there can be no abb for Dempsey
and to his credit as fighter and sportsman he
offered none even in the midst of his greatest dis
appointment. He knew the rule requiring either
fighter, in scoring knockdown, to go at once to
neutral corner
The "long count" therefore, can only be blamed
Dempsey'S lack of judgment at the crucial stage
of the hght-no matter how often or vociferousIy
Jacks admirers may claim that any fighter on the
floor for 10 seconds or more is a knockout victim
under the rings time-honored custom
The central figures of the drama Of Soldier
Field fingered only briefly the 1stic scene. TIn
ney defended his title once more knocking out Tom
Heeney in 1928, then retired-the only worlds
heavyweight king up to then to quit indicated and
make it stick
Dempsey retired from the ring, too, but Joined
Richard in promoting the Sharkey- Stribling fight