davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-24
Senators Plan
|HoffaSubpoena
III Necessary

The Senate RacketS Investi-
eating Committee today re-
sumes its searching study Of
the international Transfers
Union. with the prospect that
James r. Hoffa will be re-
lquired to return here for fur
Their examination.
1t is possible that the en-
battled labor leader will have
to miss a part of the union con-
vention next week in Miami,
at which he seeks election as
president.
Senator cClellan, Democrat
Of Arkansas. made clear that
the committee he heads will
demand Hoffa's presence, II
necessary, unless Hoffa shows
UP voluntarily.
Study Misuse Of Funds
In the current phase Of the
labor probe, the. committee is
particularly interested in what
c h arm n Mcclellan called
misuse Of union funds, conflicts
of interest. "shakedowns," pro-
motion schemes and rugged
elections.
The Senator said the ques-
ton Of the necessity" for
Hoffa's temperance as q wit
ness would be settled after the
committee obtains the testi-
mony Of some Of the Is or 80
witnesses called here. Most of
them are from Michigan, head
quarters of Hofa.
The probers directed atten-
ton today to financial trans
actions between Hoffa and some
of his union aides, hoping to
ascertain whether the money
he received represented loans
or kickbacks. In August, Hoffa
testified he has never repaid
money he borrowed" from the
Detroit area subordinates.
Witnesses called today, and
the amounts Hoffa said he bor-
rowed from them, are william
Bell. Roland McMaster and
James Gift. $1,000 each, and
Paul Allen, Frank Fitzsimmons
and Herman Kierdorf. $4,000
each.
At earlier hearings, Hoffa re-
piled to all questions asked OF
him but he claimed in many
instances that he could not re-
member events and situations
about which he was asked.
Three UniOnists Denounced
Chairman Mcclellan de-
nounced Hoffa's conduct and
his association with corrupt in
dividuals. Subsequently. the
Ethical Practices Committee OF
the AFL-CIO also sternly re-
buked Hoffa, retiring TeamsteI
President Dave Beck and Frank
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-24
Baker, Textile Unions
Accused Of Corruption

with some of the unethical
practices"
The report said, however,
that the Ethical Practices Com
mittee investigation disclosed
that these measures have not
been sufficient in the commit
tees judgment to eliminate
corrupt influences and loose
and unethical practices and to
prevent wrongdoing."
The committee, detailing
some Of its findings in the Bak-
cry Union investigation. said
''unethical practices" existed in
the financial relationship be-
tween President James G. Cross
and Martin Philipsborn, one
time official of a Zion Ill)
bakery firm.
Cites Gifts Acceptance
The committee said also that
"unethical practices" existed in
Mr.. Cross alleged acceptance Of
a substantial gift contributed
to in part by q local union
under trusteeShip";; in i'm
proper procedures with respect
to expense accounts, including
failure to account for advances
to cover expenses and comm
Cling union funds in the same
account; and in the unions
failure to proceed against Vice
President George Stuart for
misuse of funds Of a local union
of which he was trustee. :"
In the Textile Union inveS-
tigation, the committee reached
findings of unethical practices
on the part Of Union President
Anthony Valente and Secre-
tary-Treasurer Lloyd Klenert.
The committee finds" the
report said. that Klenert and
Valente used union funds to
purchase their homes and that
but for Mr.. Meany's (AFL-CIO
President George Meany) in
PREVENTION in 1852, the union
might well have sustained q
loss from that transaction"
Financial Dealings
The report added that the
Ethical Practices Committee
found that devious means
were used in an attempt to
cover up that transaction, in
GLIDING the falsi1lcation Of un-
ion records"
Further committee findings
were that "Klenert and Valente
had financial dealings with en-
ployerS under contract to the
union and with a supplier to
the union" and that ''Klenert
extensively used union funds
for personal purposes and that
none Of this money has been
repaid to the union"
Mr.. Cross was expected to go
before the Executive Council
today to expand his reply to
the committees charges. He
sent a telegram to the commit
tee yesterday describing steps
he said already had been taken
by the union to clean house.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-24
Continued From First Page

Continued From First Page
from the Textile Workers Union
Of America. a larger union
which was a CIO affiliate be-
fore the AFL-CIO merger in
1855. The Bakery Union has
more than $4,000 members.
The Ethical Practices Com
mittee's report on the Bakery
and Textile Unions said they do
mot meet the standards for
ethical union practices set forth
in the AFL-CIO constitution"
In a 53-page report to the
council. the committee found
that certain corrective meas
ures have been taken by the
bakery workers union to deal
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-24
ludicious Doc Crier

PERRY. Iowa up. Neigh
bors Of District Court Judge
George Sackett may think he
sometimes brings his work
home from court. The Judge
has q dog named aye" and
when he calls it he does It ju-
diciously: Here. Ye. Here.
Ye. Here, Ye."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-24

IN OW, for the first time, the Wilton
high-low Topped pile heights perfected by
Lees effect sculptured surface that is
the quinteSsence of elegance and practi-
cality. For the graceful Scroll-on-scroll
motif actually hides footprints and is
completely easy to care for and clean.
Perfect for any size room, formal or in
formal. And the heavenly Lees colors
range from warm golden beige to the
sparkling FRESHNESS of cool, minty green.
Fern Green . SGndaIrCOOd . BisQMe Beige
Beaver Summit Blue . Cameo Beige
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-24

bo.e RE- is CARPET sS to anna make soy Sur whole
fleecy cloud, yet almost unbelievably
sturdy. The deep three-ply cut pile makes
Serenity" both rich and rugged while
the nubby-textured elegance of its
surface rivals the finest hand-tufted
carpeting. You can carpet your entire
home with Serenity" confident that its
beauty will enchant you for many, many
years to come-no matter how much
hard wear it receives AS a long-term
investment, Serenity" Is tops par
ticularly at Cardwell's budget-balancing
price of $1395 a square yard for
limited time only.
Cameo Beige . Sea Mist Green
Grey Mist Champagne
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-24

DON'T Dc a CAR POOL
cApUIvEl Why be bound BY a
car pool deadline, If il means getting
up earlier than you should? Take Il
easy D.. get twenty more winks >. /.
leave when you like. You always gel
there on time when you take DC.
Transit scheduled buses silent
trolleys. There's always one nearby.
Go DC. Transii-the only complete
scheduled transportation system u
The nations capital.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-17
THE SUNDAY STAR CO
Washington, D. c.
SUNDAY, FEBRUARY II, 1887

factor in the initial seli-ofI, which
gathered momentum as stop-loss orders
poured in. The market then rallied on
active short covering in the nearer
for the more distant deliveries.
Exports for the week ended Tuesday
were estimated BY the New York Cotton
EXCHANGE Service Bureau at $4,000
bales, VS.. 10000 bales the previous
year Seasons total was estimated at
1925. 900 bales VS.. $4,000 bales .
year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-17
Stocks Repair
Major Break,
Rise Slightly
BY ED MORSE
Associated Press Financial Writer

NEW YORK. Feb. 16 R.-The
stock market this week cracked
in a major test of its strength
but it repaired the damage to
the extent Of winding up the
week a bit ahead of where it
was a week ago.
When the market failed to
hold above its 1856 lows it sur
rendered a strong point. This
was a major test and the market
failed it.
The recovery was expected by
analysts. According to their
theory. when the market pierces
a resistance point which was held
before. 1t should normally retrace
from one third to two thirds of
the ground lost in the overall re-
treat before it backs down to find
"a new lew. or support level, from
which to rally.
This is a classic Wall Street
theory and the market does not
obey it implicitly any more than
people and prices follow to the
letter all Of the so-called eco
nomic laws. But this kind Of
thinking is predominant in stock
market circles today.
If it holds good the market
in its present state has recouped
about one-third of the ground
lost since the January highs and
it could recover another third
before it is overdue for a re-
action.
The validity Of all this, how
ever. will not be determined until
the stock market charts for the
next several weeks are completed
and by then. of course, 1t will
be a matter only Of historical
Interest.
This week the Associated Press
average Of so stocks rose 30
cents TO $l72.50. The Monday
break put the average down to
$16S.90, well below the 1856 low
Iof $17l.60. set in January that
year. The average remained
below this low point until the
rally yesterday showed it ahead.
The five most active stocks on
the New York Stock Exchange
this week were: Bethlehem Steel.
up "a at 43i2 on 352 900 shares;
General Motors. unchanged at
40ls: United States Steel. up
Ia at 6lA: United States Hoff-
man Machinery. of 81 at 1914,
and General Dynamics, up 3l4 at
61A.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-17

help me keep getting ahead. Last
year my income climbed to
$4,000.
This experience is not unusual.
The Journal helps thousands Of
men. If you think The Wall Street
Journal is just for millionaires,
you are wrong. 1t helps salaried
men making $1,000 to $4,000 q
year. 1t is valuable to small BUSH
ness men. 1t can be of enormous
benefit to the ambitious young
man who wants to win advance
ment.
The Wall Street Journal is the
complete business DAILY. Has
largest staff of writers on bust.
ness and finance. The only bust.
ness paper served by all four big
press associations. 1t costs $40 q
year, but you can get q Trial Sub.
scription for three months for Sc.
Just tear out this ad and attach
check for s6 and mail. Or tell US
to bill you. VS. 2-i7
"A Broad St., New York 4, N. Y.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-17
State Loan Net
Scars 81 PET.
During Year

Net income Of State Loan a.
Finance Corp. totaled $3.148,391I
in 1856, a jump of 80 per cent
from $2.388, 1886 in the previous
year, President Davis Weir an
nounced yesterday.
Amounting to 20 times diW-
dend requirements on preferred
stock. the 1856 earnings were
equal to $1.52 share on 2,002,-
$50 common shares outstanding
on average during the year. COM
pared with $l.22 a share on
1867. 238 common shares in 1855.
State Loan increased common
dividends to 80 cents a share
during the year. 1t was the ninth
consecutive annual increase.
Preparatory to the annual
stockholders meeting at 10 am.
on Tuesday at company Offices in
the Ring Building, Mr.. Weir also
issued comparisons showing COM
pany progress since 1852.
1nstallment notes receivable
reached a new peak of S68,473,-
374 at the end of 1856, a gain of
81 per cent from $53,836,756 at
the end of 1855 and were far
above $29,080.l56 at the close of
1852. Branch Offices numbered
1862 VS.. 100 a year earlier and 81
at the end of 1852. Stockholders
numbered 6.066 VS.. $685. at the
end of 1855 and 1895 at the close
of 1852.
The company made or pur-
chased $ll4.297 ,482 of loans for
323,230 customers in 1856, COM
pared with $50, LOOT ,681 loans for
279,lS8 customers in 1855 and
$54.l57.62l for 1876, 427 customers
in 1852. Gross income totaled
$l7.634 900 in 1856 VS.. S13.-
927.033 in 1855 and $s,I59, o4o
in 1852. Operating expenses
amounted to $l2,860,425 VS.. $l0.-
3l8.325 in 1855 and $5,99l, 679
in 1852.
The annual report will be
available around March /.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-17
CHICAGOLIVESTOCK

CHICAGO, Feb. 10 IN. - Butcher
moss cropped - cents to 25 and
Because 20 o. 70 y.r 70 esns h fboS Tssk largely
Shipments from chicaRo were the small
est since June -, 1856
Steers sold steady to 81 90 lover, bet
Ter grades resistsrins the widest losses
was .lSs pounds. heaviest for any day
steers but bulls held steady while cows
vealers and stoekers and feeders scored
1UsDA) Gsalabis hogs. 200; total. q.
300 testimatedl compared, week ago:
parrows and Eilts. 75-l.25 lower: sows,
I per cent Of receipts: weeks to5 s is'iSi
A. the close q y head lot Of No. j, 2a0
lots No, ! and . 100000 ID, at 1855
i6.5c.I675 and No. ! and Z 4, D ssSnsssi
ID, 1926 ia. so: limited volume No. II
2gQ-320 ID. l6.O0-l6,25; larser lots.
3h0.b50 ID. sows closed At 15.0O-16 90.
salable cattle 100, total 100 (esti-
mated; compared week ago steers grad
ing average choice and better So 1 90
lower. low choice and below steady Ia
over a75 ID f.00-I.50 lower; other hsii.
ers steady 10 100 lower, kinds eradins
standard and below holding steady cows
mostly % higher; bulls steady. vealers
wv nlknets btockeIh ana tecdefS STEADY
70 DO higher. Load high prime | 80 ID
feed steers % so; half dozen or so loads
averaging prime 20 hiEh prime ll2b-
$50 ID steers 2475 and 25 90: bulk
high choice. and prime steers under 1900
ID Il 1924 so; comparable grfde over
1900 ID steers 10 SO. mostly 20 .00-o3 90;
most good TO average choice steers 1900.
= 30: average choice under 100 Ii
WEIGHTS II .nO-s1 30. many loads choice
360-i500 ID steers 10 .bO-2O. 90: several
loads mixed good and choice 1900 son
ID weiehts 1900: most standard steers
1900 SO: hish choice and prime heif.
ers ~ On-22 30: good 70 average choice
heiiers mostly lT.b9-20. 80: standard to
cows l350.i4 so. utility and CONNER
eia cows ! i.50-l so: late bulk tanners
and cutters. ! ,n0.i rs: utility and COM
mereial bulls largely 14.50-i6, 30. GOOD
and choice vealers - n0.2ann utility
and standard vealers 13.00-cI 400: GOOD
500 ID short yearlins stock steers 1925.
most medium and good feeding steers
and yearllngs lb.h0-lS.50: two loads
good 10 low choice 4n0.4bO 10 stock
heifer calves 1880 and 1900
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-17

December totaled l.6 million. the
largest January dip in eight
years. Unemployment is now
near 3 million. Washington OBJ
servers are minimizing the
meaning Of the figures, con-
f1dently predicting that the
spring pickup in manufacturing
and commerce will slash the job
less total.
Are businessmen cutting back
on their expansion programs?
Only to a most picayune degree
Business spending for expan-
sion Of plants is running well
ahead Of 1856, and so is spending
by consumers and by Govern
ment at all levels.
When should the trend be-
come clear? In spring. You may
recall that in February OF last
year. the picture also was cloudy
and there was a lot Of talk about
downturn. Bun by late March,
despite sluggish auto sales-busi-
ness was breaking out on the up
side. This year too. the trend
up or down-should emerge then,
'copyrisht. 1857. Hall Syndicate. Inc
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-17
HOW IS MINUTES A DAY
HELPS NE EARN $4,000
Diary of Wall Street Journal Subscriber

Every Monday l read "The Out
look" a weekly forecast in The
Wall Street Journal. 1t warns me
about new trends that may affect
my income.
On Tuesdays l read "Commod-
ity Letter" - another weekly
piece in The Journal. 1t tells me
things / need to know to protect
my interests and seize new profit
making opportunities.
On Wednesdays | study a coll
umn called "Tax Report. 1t tells
me ways to save money.
On Thursdays | read Business
Bulletin" "a report on the latest
trends in industry. And on FRI
days, read the telegraphic,
front-page column Washington
Wire" 1t tells what goes on be-
hind the scenes in Government.
These are just a few of the
high spots that | manage to pick
up in Is minutes daily reading.
The Journal is full Of ideas that
Address: The Wall Street Journs
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-17
YOUR
MONEYS WORTH
Key Questions
~ SYLVIA PORTER

Beginning tomorrow in this
space. you'll be reading my an
nual income tax series and I'm
sure the columns VIII not only
make it much easier for you to
fill out your income tax blank
but will also save you real money
on taxes.
During the weeks that I'll be
concentrating on practical tax
saving hints. I'll not be able to
comment On lot Of major ques-
tons that deeply affect your
bread-and-butter life and future.
Today. therefore, I'll ask myself
a few of the most significant
submit the answers as
the experts see them in mid
February, 1857.
How's business? Business is
good and mixed. And that's a
carefully written, not a sloppy
sentence. With production run
ming at an all-time high rate.
incomes at a record, Jobs at a
peak for this season Of the year,
department store sales ahead of
the corresponding period Of 1856.
ii would be ridiculous to describe
business as anything else but
good"
Soft Spots Cited
But there are enough soft"
spots iE the economy to justify
the spreading concern. Exuber-
ance has disappeared from the
boom. Some key barometers are
flashing a signal that the rise
has tapered.
What's happening TO the stock
market? Ever since the re-elec-
ton Of President Eisenhower, the
stock market has had bad case
Of the filters. Prices have
slumped below the 1856 lows and
many gilt-edged stocks are way
down from last years highs.
There has been mounting worry
in Wall Street about: the 1857
trend Of business; the squeeze on
corporation profits resulting
from rising costs Of materials,
manpower, money; the inclina-
ton of major investing institu-
tons to sell stocks and shift to
bonds.
Does this mean the tight
money" policy is going to be
abandoned? No. So far. Federal
Reserve Board officials maintain
the lull we're seeing In business
is only seasonal and the sort
OF letdown that often comes in
dreary February.
Living Cost Rising
What about the cost Of living?
It's still creeping upward to all
time highs.
How's the job situation? Al
though non-farm employment
was at a record in mid-January.
the seasonal decline in jobs from
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-17
BUSINESS
BRIEFS
Class l Railroads had an esti

Class ! Railroads had an esti-
mated income in 1856 Of S874
million compared with $9l5 mil
lion 1855. The 1856 rate of re-
turn was $3.50 compared with
4.2% in DISSATISFACTION of
American Railroads.
Bituminous Production in the
week ended February 9 totaled
9.720.000 tons compared with
8.775.000 in the previous week
and l0.150.000 in the like week
year ago.-National Coal As
ISOLATION.
Crude Petroleum Stocks on
February Q totaled 250.927 900
barrels. down 2.064 900 for the
week.-Bureau OF Mines.
Electric Utilities over the Ma
ton in 1856 produced 500. 59l :
$4,000 kilowatthours OF energy
compared with 500. 53l, 272 900 in
l955.-Federal Power Commits
sion.
Passenger Car Tire replace
ments in 1856 totaled 53,25l,5l2,
up 6.1% from l955.-Rubber
Manufacturers Association.
Ford Motor Co. reported 2,244
leadership applications for the
firms projected medium-priced
line Of Edsel cars.
Industrial Production Index
edged down in January to l46
compared with lat in December,
based on the l947-49 average
Federal Reserve Board.
Kimberly Clark Corp. an
nounced plans for buying all the
capital stock of Peter j. Schweit-
ger. Inc. worlds largest manu-
facturer Of cigarette paper.
Quaker Oats Co. in months
ended December 81 earned ST.
l22.60l or $l96 a share VS.. So
327. 1852 or $l.73 in 1855.
Bendix Aviation Corp. in
months ended December 81
earned $6.004.883 or SIPS a share
VS.. $5,9l6,490 or SIPS in 1855
period.
DevOe & Reynolds in year
ended November 80 earned ST.
l8S.875 or $4.06 a Glass I share
VS.. $2,l75.684 or $4.0l in 1855.
Other earnings included:
For Year Ended December 81
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-17
AVIONIC MARKETING
Woshinoton. D. c.

Progressive, fast-moving avionics firm with
wide range of interests needs top man to
head Washington office. Must be qualified
to represent the company in the government
marketing area. Heavy technical background
in avionics a must. Will consider former
military or Civil Service experience in tech
ncal contracting or liaison
Send full information on experience, educa-
ton and salary. All replies will be held in
without your full knowledge Write Box
382-X, Star.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-17
NEW YORK COTTON

NEW YORK. Feb. 16 up.-The cotton
futures market was . series Of ups and
downs this week. A sharp selling surge
at the start Of the week was followed
by q brisk rally which wiped out a good
portion Of the loss. The net result
overall was a moderate decline.
York Cotton Exchange closed al prices
ranging from 10 cents to $3.50 q bale
lower than at the end Of the week
before.
Announcement Of a lower than -antici-
pated 1887 loan rate was the chief
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-17

tUnn Of trading 10 shares or sales in full Rate.
Of DIVIDENDS In the ioreeoing table are annual dis
oursements based the last quarterly annual
declaration Unless otherwise noted special or extra
dfvidends are not included Also extra or extras
All uai rate plus stocs dividend Declared or paid
abe in stock during 1867 estimated cash value On
ex-divdend ex-distribution date Declared or paid
SenS 81 sDt;vp , pecsrsd paid This
this year dividend omitted deferred or action taken
q last dividend meeting rDeclared or paid In 1856
plus stock dividend PAYABLE in stock during 1859
estimated cash value on sx.divdsnd
derd x-dis FIX distribution IT Ell rights Nv With
olt warrants Wv WITH warrants vd When DIS
tfinuteo, wi When ISSUED nd Next day delivery sIn
bankruptcy receveship or being anised under
companies S ~ eNN"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-17
COMMODITY PRICES

NEW YORK. Feb 10 Op,--The ASso-
ciatcd Press index OF .l5 important com
modlties declined for the nth conseeu-
Al 1859, II compared with $50 90
week year aEo.
All componenta OF the index were
down. With nonferrous metals reaching
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-17
WANTED:
C0ORDINATOR- AMERICA

Newly established permanent position
open for man to assist in coordination of
expanding activities of nationwide U. S.
firm in Latin American countries. Ad-
ministrative ability, attention to detail
and command of English and Spanish
languages required. Please apply for in
terview by forwarding details Of employ
ment, background and personal history
to: Box 145-T, Star.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-17

Rates Of dividends In the foreeoine
table ar, annual disbursements based on
the last quarterly or semi. annual deela-
ration Unless otherwise noted, special
or extra dividend are not included.
Also extra or extras Annual rate
In 1857 plus stock dividend PAID last
year I Payable IN stock during 1867.
estimated cash value on ex-divldend or
.distributlon cate Declared or paid
So, Tar tina year ,.,,, pssisrsd o. DaiS6
Dividend IN arrears. Palu this year.
dividend omitted, deferred or no action
taken At last dividend meetins DE
clared OF paid In 1855 plus stocn diyi
dend PAYABLE IN stock during 1906
81. dIstri6ution date Siieaidatins dlvi'
demo zig Called Ga dividend Ads
When Distributed vi When iSsusd nd
Next day delivery sIn bankruptcy OF
the BANKRUPTCY Act or seeuritiss n.
sumed ~ such companies.