davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03
I rode Board Head Sees
81 as Competitive Year

A year of the "stiffest and
toughest competition we have
ever had" lies ahead, but 1857
will be a satisfactory business
year. president Philip M. Tai
bott Of the Washington Board OF
Trade told the Rotary Club of
Washington yesterday.
He predicted it will be from
to AZ per cent better than 1856,
with some price increases.
Mr.. Talbot presided at a
panel discussion of outstanding
business leaders of the club at
a Mayflower Hotel luncheon.
He said that by 1870, the Ma
TONS population will be 200
million. This will generate the
need for new homes and many
products. he said. He pointed
out there are more $5,000-a-year
incomes than ever before in the
Nations history. He said saw
ings are beginning to increase
again and prices will not be ma
lterially altered.
Tight Credit DEFENDED
President Hubert Bisselle, of
the Riggs National Bank, de-
Tending the tight credit" policy
of the Federal Reserve Board.
declared this will be best for the
Nations economic health in the
long run.
He said there may be level
ing off in the business boom
toward the end of the year. In
this event. he said. there may
be some loosening of credit.
He said 1856 was a banner
year for the economy as a whole,
but that there were some soft
spots, such as automobiles
textiles. lumber and housing
starts. He asserted businessmen
generally are optimistic about
1857.
Slator Miller. vice president
of the Hawaiian Sugar Planters
Association, declared Congress
will pass legislation in the spring
for comprehensive research into
the use of agricultural products
for industry. This. he said, will
be supported by substantial ap-
preparations. He pointed out
there are now Is task forces at
work studying various phases Of
this problem.
Sees Better Year
In this way, he declared, the
vexing problem of agricultural
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03
Exchange Admits
Stock of Murchunt

NEW YORK, Jan. 3 (P.-The
stock of Marchant Calculators,
Inc, Oakland. Calf, maker OF
electric calculating machines,
was admitted to dealings on the
New York Stock Exchange today.
Previously it traded on the San
Francisco Stock Exchange.
Edgar B. Jessup, president,
bought 500 shares at the opening
price of $3.50 a share. The
stock. traded under the symbol
MIRO" rose to a high of 30 and
closed at 81 after 1900 shares
changed hands.
Keith Funston, president of
the exchange, participated in the
opening ceremonies with Mr..
JesSup, Wallace w. Knox, vice
president of Marchant and
Dwight r. Cooke, a director.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03
Capital Bank Deposits
'Edqe to Record Hiqh

Deposits of Washingtons II banks and trust companies
edged forward record of 082 December 81
gain of "a cent since the end Of 1855 and 1
ahead of the previous high mark last June &c. condition call
from the Controller of the Currency disclosed today
The latest total compared with ST. 1927 December
81 1885, and 81 June &c. compared
25846Oo0 at the end of 1851 and $102l 900 the
close of 1916.
Riggs National Bank had the largest increase from year
amounting to $l6678088 National Bank of Washington
gained $12, 1887.
Other gains included Commerce. $39SO634
Trust $2754l28 National Savings g. Trust, $2515.599 and
Munsey Trust $2,112509.
Security a decline 594 and
Liberty National a decrease of $2.209764.
Percentagew the Bank had biggest gain
Of 1866 Trust gained 84
Savings NBW and City Bank all had increases per
American Secitys decline 81 per Lbertys
81 per cent
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03

SURPRISES will be attacked. He
predicted 1857 will be somewhat
better for agriculture than 1856.
He predicted 1857 will be some
what better for agriculture than
1856.
He said that, despite the wide
spread drought in the Southwest.
there has been a larger increase
in acre production throughout
the Nation, owing to technologi-
cal knowledge. He said the Ma
ton can be generally optimistic"
about the control of large agri-
cultural SURPRISES and the i'm
proved and refined soil bank will
help.
Mr.. Miller said the administra-
TONS flexible support policy will
work, while the fixed parity one
will not.
Taylor Chewing. jr., vice
president of United Clay Prod
ucts Co., predicted there will
be about $4,000 housing starts
for new homes and apartments
in 1857 in the Washington area.
This is about the same as for
1856. he said.
Competitive Year
Available money is the real
key to the opening up of housing
and industrial starts, he said. He
said 1857 will be IAN extremely
competitive year" but that BUSH
ness should not fear competition.
He saw little likelihood that the
Federal Reserve Board will relax
its tight money policy.
Mr.. Chewing said that, in
1856. national housing starts
were off % per cent from 1855,
and locally they we're of u per
cent.
John Bartlett, commercial
manager of the Potomac Elec-
trio Power Co.. said that in the
electrical appliance, drug and
food fields, there are no serious
problems on inventories. He said
major electric appliances will
cost 5 to Z per cent more this
year than they did in 1856 and
the dollar volume of sales over
1856 will be about 10 per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03
$50 Million Project
Planned in Florida

BRIDGEPORT. Conn. Jan. 3
R.-The purchase of indian
River Shores, an Incorporated
municipality in Florida, by a
group of Bridgeport men for IS
million and their plans for a
$50 million development were
reported here.
The purchasers are two COR
porations and nine individuals,
including Samuel j. Tedesco, a
lawyer who was leader of the
Democratic minority in the
State Senate during the 1853
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03

session Of the legislature and ar
unsuccessful candidate for at
torney general in the 1854 cleo
ton.
Development OF the new COM
munity will be handled by St.
Francis Corp, of which Kennith
Frank, jr.. is president. He also
is president of Kennith Frank
Associates of Washington, which
recently completed Palmer Park
here. Page S. Hopkins Of the
Silver Spring. Md, firm Of Mad
dox g. Hopkins has been named
consulting engineer for the
project.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03
Grand Union Co. Reports
Record Profits, Sales

Grand Union Co., which OPP
crates a growing number of food
stores in this area under the
name of Food Fair Super Mar
kets. today reported sales and
earnings set new records in
three months ended December /,
President Lansing P. Shields
said the chain plans to open 40
new super markets along the At
lantic Seaboard in 1857. but did
not list any locations. While 40
were added in the last year, the
company'S total increased only
nine to 1853 at the year. Small
er stores were replaced by larger
ones at many points.
Three months earnings were
$l,217,807 or SO cents share
VS.. $948,127 or So cents a yeal
earlier. Sales of 95,309,868 fol
Is weeks ended December /. a
jump of 35 per cent from $70.-
673,978 in the like 1855 period.
The company earned $685.
213 or Sligo share in nine
months ended December l VS.
S2,514,762 or $1.36 year earlier
Sales of $276,453,274 were UP
25.9 per cent from 03,368,1 53
a year earlier.
The company operates %
markets in this area.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03
Manhattan Auto Opens
Fifth Area Location

Manhattan Auto has opened
imported car showrooms and
accessories at 1900 King Street
in Alexandria, Va, it was an
nounced by David L. Herson.
This is the firms fifth loca-
ton. others being at 1701 and
1706 Seventh street NV, in
Fairfax County. Va, and in Alex
andria. 1t is factory dealer for
Austin Healey, Austin of Eng
land. MG-A. Magnetic and
Morris Minor; also Mercedes
Benz. Hillman, Porscha, Alta
Romeo. Sunbeam and Jaguar.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03
FOREIGN EXCHANGE

NEW YORK. Jan. 3 R.-Foreien ex.
change rates follow. Great Britain in
dollars. others in cents unbalanced I'M
less otherwise noted:
Canadian dollar in New York open
market 4 3i32 per cent premium or
lv4 ;O9as United States cents. OF 1872
Europe: Great Britain (pound) So rs
1913. up 70 Of cent; 3O-day futures.
2.!sss up 1882 Of a cent; 6O-day
futures; 2;77 ll/t6. up 1889 Of a
cent: 9O-day futures, ~ l/16. UP
2IL32 OF cent; BELGIUM tfranc)
l.99A; FRANCE tfranc) .2Sss Of q cent;
Germany WESTERN (deutsche mark
3.6oi Holland tguilder) 26.12: italy
Dire 1874 Of a cent: Portugal Jescudoj
800; Sweden tkrona) 1884; Switzer-
iand efrancl free 1884; Denmark
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03
No Nagging
BackaCIle Means a
Good Night'SSleep

Nagging backache, headache. or muscular
aches and pains may come ON with over-exer.
tion, emotional upsets or day TO day stress and
strain. And folks who eat and drink unwisely
sometimes suffer mild bladder irritation
...with that restless. uncomfortable feeling.
II you are miserable and worn out because
OF these discomforts, Doans Pills often help
by their pain relieving action, by their sooth-
ing effect TO ease bladder irritation. and by
their mild diuretic action through the kidneys
- tending to increase the output Of the lb
miles of kidney tubes.
So II naRging backache makes you feel
dragged-out. miserable. with restless, Sleep
less nights. don'twait. try Doan's Pills. get the
same happy relief millions have enjoyed for
over so years. Ask for new, large. economy
size and save money. Get Doan's Pills today
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03

Divisions and subsIdIasIosI-
BEAsTED MANUFACTURING Division
BUssMANN FUSE DIVISION
CANADIAN LINE MATERIALS LIMITKD
CLARK DIVISION
]. c. DICKSON DIVISION
EDISON VoIcEwMTEA DIVISION
EDISON WooD PAoDUcTs, I've.
ILLINOIS ELEcTRIc PORCELAIN DvInoH
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03

ILLINOIS McCRAw ELECTRIC COMPANY
EDISON INSTRUMENT DIVISION
LINE MATERIAL DIVISION
LoNEAcAN CooLEAAToR DIVISION
MANNINc.BowMAN DIVISION
McCRAw ELEcTRIc COMPANY (CANADA) LnnrD
McCRAw ELEcTMc PAN.AMERIcAN CoRPoRArIoM
NkAsUREMENTs CoRPonATIon
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03
Ernest Hogan Promoted
BY Peoples Life

Ernest L. Hogan has been
elected assistant vice president,
agency, by the Peoples Life In
surance Co., President S. w
Hauser announced.
Mr.. Hogan's life insurance
career started with Peoples Life
in Beckley. w. Va, in May, 1885
He became assistant manager oil
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03
Income Climbs

CAPETOWN.-During the last
eight years national income in
the Union of South Africa
climbed 81 per cent-from E77,-
100000 in 1948 to E1,456, 300, 900
in 1855.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03
METAL QUOTATIONS.

NEW YORK. Jan 2 R.-Spot nom
cents a pound. Connecticut Valley. Lead
10 cents a pound New York. Zinc 1874
cents a pound. East st. Louis Tin .9ais
gi5s cents per troy ounce New York.
Scrap steel No. heavy. 65.00-66 90,
PITTSBURGH.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03

1nolcaClng most OF the year.
gain came in the last three
months of 1856. the latest total
was $l4.218.2O6 ahead of SAB
16l, l60 on the September IS
condition call.
Net loans reached a new high
of $l79.387. 042 on December 81,
a gain Of $17,528.057 from $751;
858,985 on December 81, 1855,
and $9.749,130 ahead of $780,
638,912 on September 26.
Holdings of Federal obliga-
lions amounted to sl43,O25.836,
a gain of $1,l09,656 from SAL
916,180 a year earlier, but down
$4,l73,458 from $147,199,294 in
September.
Deposits of $424,193, 495 were
$16,6S7 1852 ahead of $4O7, $685.
SAB a year ago and up $13,732,-
986 form S4l0,459,509 on Sep
TENDER 26.
Capital funds totals S28, 667,-
84S. compared with $27,794, 1892
at the end of 1855 and s29,469,-
638,912 on September Is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03
Milk Output Doubled

TEL AVIV.-Israel'S total cow
milk production has doubled in
recent yearS-from rs million
liters a year in 1850 to $50
million in 1855.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03
'' RI BUSINESS
Riggs Assets Set Record
Of Nearly $460Mi|Iion
BY DONALD b. HADLEY

BY DONALD b.. HADLEY
Assets OF Riggs National Bank advanced to a peak
S4513Is365 at the close of 1885, gain $177341 per
cent from year earlier condition statement
Chairman Robert " Fleming showed today
The latest total the end of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03

On January Ind Thomas A. Edison Incorporated was conso
dated with McCraw Electric Company creating important
new factor in American industry McCrdu-Edson Company
This combination constitutes % divisions and subsd
aries in the United States and Canada
significant union
To the McCraw organization of the nations active
forces in the manufacture and marketing of electrical products
the Edison group brings its almost Legendary background of
creative research and development.
As result the McCrawEdis organization represents
the most impressive diversified operations America for
the creation production marketing and servcng of electrical
and electronic products.
There duplication between Edison and Mcraw products
Something better for everybody
For customers, the McCaw- Edison operation viii
products of the most advanced design with better
performance at the lowest maintenance cost in America today
For investors the union offers new oppor-
tunities for sound growth with greater stability.
For employees Edison opens doors advance
of the fastest growing of all U S industries Carefully
planned into both and industrial markets will
provide greater opportunities and rewards for people the
company and for people as they added.
Many weI-known products
The list of McrawEdson products includes virtually every type
of electrical appliance and equipment for home industrial
They range from electric toaer fry pans and washing machines
to Office debating and rancrbing equipment to electrical
melting furnaces industrial batteries air conditioning and refg
Grafton to capacitors and giant transformers.
Perhaps the widely known among the companys
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03
MUTUAL FUNDS

NEW YORK Jan. 3 R,.-National
Association Securities Dealers, Inc.
moon QuOtatiOns)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03

EDISON MEDICAL Gas DIVISION
LEcTRIc PRoDucrs DIVISION
PENNSYLVANIA TRANSFORMER COMPANY DrvInom
EDISON PRIMARY BATTERY DIVISION
SPEED QUEEN DIVISION
EDISON STORAGE BATTERY Division
ToAsTMAsrER PRoDucTs DIvIson
TAoPIc.AmE CARRIER DIVISION
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03

the Bristol district in 194l and
came to the home Office in l947
when the company area was
divided into divisions. He be-
came division superintendent OF
agents. He became superintend-
ents of agents in July, 1854.
A native of Mcdowell County
West Virginia, he attended pub
lie schools there and Oxford
Business College. He is a gradu-
late of the 80th Life Insurance
Agency Management School. He
lis member of the District Life
Underwriters Association and was
chairman Of the hospitality COM
mittee for the national associ-
atoms convention here.
First Federal Assets
Exceed SS2 Million
First Federal Savings and
Loan Association of Washington
had record assets of $82. 297, 920
on December 81. a gain of more
than SIC million from a year ago,
lit was reported by w. F. Nor
rison. executive vice president,
The total six years ago was
around $32 million.
Invested savings at the year.
end totaled $68,251.315, COM
pared with $55.337,948 at the
end of 1855. First mortgage
loans of $72.172.206 were up $13
million from 58,479,474, a year
earlier. Reserves amounted to
/ SIS, 228.562. a gain of S685,858 in
the year.
I'VE are pleased to keep pace
with the prosperous expanding
economy of the metropolitan
area" said Mr.. Morrison.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03

products the POSTMASTER line of electric coasters and other
household appliances.
In the Office equipment field best known of the companys
products probably the Edison Vocewrer line of debating
and ranscribing equipment.
In heavier industry, Pennsylvania Transformer Line Material
and Edison Storage Battery among the many better known
names of McCraw- Edison companies.
McCrawEdon employs the forces of many fields in the
ice of eectroncs mechanics electricity, chemistry.
And McCrawEdon research and engineering constantly
developing and testing products and applications
Experienced management
Max McCraw has been president Of the McCaw Electric Com
pany for than half century He will be president and chief
executive officer of McCraw- Edison Company.
Charles Edison the of inventor Thomas Aa Edison and
former Governor of New Jersey He has been chairman Of the
board of Thomas Edison Incorporated the business that grew
out OF his fathers many inventions Mr. Edison will be chairman
OF the board of directors of McCrawEdiSon Company.
All divisions and subsdiaes of the company their
names and identities and their organizaona structures
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03
Sees Better Veal

In this way. he declared, the
vexing problem of agricultural
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-03
u new major force
in American business

Two Of the best known names
in the electrical field are now ioined...
to bring more Of the most advanced products
to industry and to the consumer
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-29
Life Magazine
Hits Post Office
on Cost
BY the Associated Press

Time, Inc. magazine publish
ers. has challenged the whole
basis of the accounting system
under which the Post ONCE fig
ures 1t ought to get more money
for handling reading matter.
David Brumbaugh. the firms
vice president in charge of pro-
duction and distribution, told
the House Post once Committee
yesterday that under a proper
cost ALLEGATION formula the
postal service makes profit of
around eight-tenths of a cent on
each mailed copy Of Life Maya
zine at present rates.
The Post ONCE, in q study
presented four years ago as an
argument for higher rates. fig
ured 1t was losing $8,604,000 a
year on Life.
| Mr.. Brumbaugh aimed his fire
particularly at that statement,
but said his figures would apply
generally to most other big
magazines and newspapers. His
own firm publishes Life, Time.
Fortune, Sports Illustrated.
Architectural Forum and House
g. Home.
He said the real cost builders
are lightweight items that move
for fraction of a cent each.
He argued further that it is
standing policy of vital i'm
portance to our country" to give
reading matter special postal rate
consideration to facilitate the
dissemination of news, informa-
ton and educational material.
The committee is working on q
new proposal for postal rate in
creases. Its provisions on second
class mail, by which magazines
and newspapers are sent. include
four Is per cent annual increases
in publishers pound rates and a
one-eighth cent increase in the
minimum piece rate.
Mr.. Brumbaugh called those
provisions highly discriminatory
and highly injurious to the pub
fishing industry"
The Post Office cost figures. he
said, were arrived at by statis-
tical cost formula, unsupported
by conventional cost methods
such as time studies and specific
operation measurements.
The true deficit in second class
mail. he said. comes not from
handling large magazines and
newspapers but from handling
billions of pieces of lightweight
publications. Those. he said,
build up great costs for handling
and sorting.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-29

tons. 1t listed among them "re-
lations with foreign governments
and information which is prelim-
mary or advisory within the de-
partment."
Foreign Relations Involved
The reports of the planned
Army command changes ap-
peared to involve both relations
With foreign governments-trans-
fer of the present commander of
U. N. forces in the Far East-and
preliminary plans.
When this was called to the
attention Of the official spokes-
man, he insisted that the reason
for withholding official comment
wa sthat any such changes would
be a matter for the White House
to announce.
Before this development, Rep
resentative Moss, Democrat Of
California. had voiced cautious
enthusiasm" over the new Pen
tagon information directives.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-29
Cherry Blossom Debate
Tourney Held at GU.

Georgetown University is hold
ing its annual Cherry Blossom
Debate Tournament through
tomorrow. The three-day annual
competition opened yesterday.
Held in conjunction with the
National Cherry Blossom Festi-
val, which runs from Monday
through the following Sunday,
the tournament has drawn de-
baters from 80 colleges and
universities. The subject being
debated is Resolved: That the
United States should discon-
tinue economic aid TO foreign
countries"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-29
BY WILLIAM HINES

The Democratic National Com
mittee. which like Lewis CAROLS
Red Queen finds sit takes all the
running you can do to keep in
the same place." is going to try
to get ahead by running twice
as fast.
The national organizat ton is
about 100000 in the red from
last years election and is run
ming up operating expenses to
the tune OF almost another s400,-
600 a year. Project A for the
committee is to get its finances
into the black-ink column-a
job which will entail the raising
Of some 100000 this year.
The Democrats have slim hopes
OF turning the trick in 1857, but
hope to fare reasonably we'll next
year. when contributor response
is likely to be spurred by mid
term election interest.
A new departure in Demo-
cratic money raising is scheduled
for May 81, when the party will
hold Democratic Party Nights"
in as many counties as possible.
There are more than 5000 coun-
ties in the United States. and
Democratic planners here think
party nights are likely to be held
in $500 to 1000 of them.
POtluck Supper
The party night will be q SIS
affair featuring a potluck supper
or barbecue, skits, songs, come
dies and "a minimum of dry. bor-
ing political speeches." accord
ing to a National Committee Of
fetal. Expenses for the affair
will be limited to So of the IS
charged, with the remaining SO
being divided equally between
local, State and national party
organizations.
If all goes well, the national
party Golfers would be swelled by
about $l50,000 from party night,
one Democratic official estimates.
Actually, however. party night
1857 is designed merely as a sort
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-29
Democrats Plan Drive
To Relieve Porty Deficit

of warm-up or dress rehearsal
for 1858. AS explained at party
headquarters here:
If everybody has good time
at party night this year, next
year with the midterm races
under way we should be table to
raise a good bit of money"
National Committee fund rails
ers will try to whoop up enthu-
siasm for the idea on the State
level May ga. when the National
Committee and the party's 90
State governors will meet here.
A sl00-a-plate dinner May 4 will
be a feature of the meeting.
Nickel and Dime Program
Except for contributions from
big labor"-which Democratic
party spokesman minimize-the
party is concentrating on
nickel and-dime" fund raising.
We've got to find a formula
for getting our money from small
contributors. in amounts of SIS,
even ST." one Democrat ex-
planned.
Another girnmick, never tried
by a major party on a national
scale, will be a drive for "sus-
tanning memberships" in the
Democratic Party. There prob
ably will be two or three CLASH
flcations Of sustaining members,
who will pledge to contribute
perhaps 81. 50 or IS a month as
dues.
These would be card-carrying
members" an interviewer sug-
geSted.
The party spokesman WINGED
and agreed.