davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-07
Booming Unions

If I were to ask you what typ
of lending institution is nov
growing at a faster percentag,
rate than any other, probably
you would guess the savings and
loan associations or the persona
finance companies or banks spe.
cializing in small loans.
All Of you would be MAKING
Understandable selections, but
Jail Of you would funk.
The answer is:
The credit unions-those sup
posedly insignificant groups Of
people who usually work for the
same corporation or belong to
the same union and who pool
their. savings to make loans to
each other ut low rates Of inter-
lest.
Right now, there are almost
1900 Of these organizations
furnishing from coast to coast
|drwarfing the number of COM
|mercial banks in the country, al
most double the number existing
lat the end of World War II.
Membership Mounting
Right now. their membership
lis nearing . million against well
under I million as recently as
1913.
Their assets are past the So
billion mark, are rising steadily
month after month.
Their outstanding loans are
moving toward $2.5 billion, rep
resenting II per cent Of all out
standing personal loans in the
nation.
And while most credit unions
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-07
|RCA Earnings
And, Sales Set
New Records

NEW YORK. May 2 R.-Ra.
do Corp Of America achieved
record sales and earnings in thu
first quarter ofs1957 despite slim
lprofits on lack-and-white tele.
vision sets, David Sarnoff, boart
chairman. told the annual meet
ing today.
Net income rose to $l2,0lO,OO(
or 81 cents q share on sales oil
1926. 773,000 in the first three
months this year from @ net oil
$12.727. 900 or IS cents q share
on sales Of $274,e4e.0 900 in the
frst quarter Of 1856.
while the volume Of black.
and-white TV sets sold continue.
to be high. profit margins or
sales now are low and, in some
instances. nonresident" Mr.
Sarnon said. However, there
Is nothing wrong with the tele-
vision industry today that can
not be cured by color"
Experience has shown that in
production Of a new product OF
service as significant as color
ltelevision faces many obstacles
some natural. others man.
made" the board chairman said
1t was also that way, he noted
with wireless biography, radio
broadcasting and black and
white television.
FOreseeS World TV
The stocky chief executive told
more than LOO stockholders
gathered in a swanky Tv studio
on the eighth floor Of the RCA
Building that international tele-
vision--live and in color-is one
OF the goals ahead. National
Broadcasting Co.. an RCA sub
sidiary. viii be q leader in at
tanning that goal. he predicted.
Electronic products delivered
to the armed forces last year
totaled $240 million, he said,
adding that the company has
undertaken assignments in cleo
tronic applicatinos for guided
missiles. jet aircraft, fire control
system and airborne communica-
tons. = ~
RCA has joined nine other
companies to build the largest
nuclear reactor under private
sponsorship at the industrial re-
actor laboratories In Plainsboro
N. j.. four miles from the RCA
Research Center at Princeton.
When completed next year. Mr..
Sarnon said. the reactor will be
operated under contract BY Co.
lumbia University and each of
the 10 participants will use the
facilities for its own research
projects.
RcA spent $50 million in 1856
70 expand and improve its
plants and has allocated $40
million for growth in 1857, he
said.
Business Machines Boom
He noted that RCA's electronic
business machines division was
booming. Big Bizmac systems
have been ordered by two in
surance companies at a cost of
more than $40 million. RCA all
weather radar is in use in the,
Meets Of six domestic and Is
foreign commercial airlines and
also by the Royal Australian Air
Force.
He reported the RCA Victor
Record Division had sales in the
first quarter 50 per cent ahead
OF the same three months of
1855 and that radio sales were
higher.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-07
Davis Weir 10 Welcome
Industrial Bankers

Davis Weir. president Of State
Loan q Finance Corp. will give
the address Of welcome at the
23d annual Institute Of Indus
trial Bankers here June 1922.
The institute is sponsored by
the American Industrial Bankers
Association. Of which Mr.. Weir
has been an active member for
several years.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-07

ment house is rated the third
largest in Chicago and has g.
600 stockholders. 1t is q men,
Der Of the Midwest Stock Ex-
change. the Philadelphia Balti-
more Stock Exchange and is an
associate member Of the Ameri-
can Stock Exchange.
In addition to the main ONCE
in Chicago. the firm has had a
Washington ONCE since 1880 and
ofnces in New York, Philadel-
phia and Minneapolis. Dudley
+. Hoffman has been resident
manager here since the WASH
ington office opened. II is To-
Gated in the Bowen Building at
81 Fifteenth Street NV. -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-07
YOUR
MONEYS WORTH
~ SYLVIA PORTER

still are Ct only minor size, som,
are giants by any standard
covering thousands of members
making millions Of dollars o.
loans.
It's really an extraordinar,
financial phenomenon to which
the nations flnanciers are just
beginning to awaken.
AS a result. more and NOR.
banks and personal loan com.
panies are no longer inclined &c
give them a fatherly pat on the
back and to compliment Their
organizers for helping to keer
the naive worker out Of the
clutches Of the loan shark.
More and more are openly in.
sisting that credit unions are
becoming rough competition and
aren't entitled to special priv.
leges from the Government and
business.
Some are arguing for elimina-
ton of the tax exemption credit
unions now enjoy-a privilege
they always have had because
they are non-proflt organize
lions doing business only with
their own members.
Others are urging business
men to be less generous in Civ
ing credit unions free Office space
and clerical help.
Stricter Regulation Urged
Still others are suggesting that
since the unions hit the big time,
their operations should come un-
der stricter regulation and they
should not be run primarily by
unpaid volunteers.
And an informed report is that
the powerful Cooperative League
OF the USA is trying to move
f1atly into the credit union setup.
AS one credit union spokes-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-07
Collections Lag Behind
Year Ago In March

Department store collections
In the Washington Metropolitan
Area were slightly behind q year
earlier in March, the Federal
Reserve Bank Of Richmond re-
ported.
Collections on charge accounts
during March were 4S per cent
OF March l receivables, COM
pared with ass per cent q year
ago. Collections on installment
accounts were 1919 per cent of
March ! receivables, compared
with l4.3 per cent q year earlier.
Store inventories on March
81 were 90 per cent above the
like 1856 date. while outstanding
merchandise orders were down
- per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-07
Capital Traffic Rises
Slightly from 1856

vehicular trafic in the District
was 0.3 per cent above Q year
ago in 24-hour counts made al
key points during March, the
Highway Planning Division an.
nounced.
The counts we're els per cent
ahead Of the same month In
prewar 1871. Saturday traffic
was up per cent from q year
earlier, while Sunday trafic was
8 per cent higher than in March,
1855.
The weekday comparisons
showed trafic on four Potomac
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-07

volumn Of $3.l79,7l9 In April
last year.
PERMITS for the first four
months of this year increased
tp $2l PSI. $40. a jump of 81
pef cent from $l6.942, 1886 in the
same 1856 period.
Big items in the April list were
1.l6S.00 for IL apartment prof.
ects and $4,512.000 for three Of.
1ce structures. Another large
item was $1.2 million for an
qettric power sub-station.
Presidential activity included
$280.000 for % brick dwellings
q big decrease from $707. 900 for
g in the previous month and
N,284,000 for So in April last
year.
Residential repairs totaled
$725.257. compared with $l79,OSO
IN the previous month and $780,
900 a year earlier. Commercial
repairs amounted to $l6l, $40,
compared with $3.50, $50 in the
previous month and $347,l50 in
April last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-07
Coal Exporters to Hear
Maritime Board Chief !.

Clarence Gordon Morse, chair
man Of the Maritime Board and
maritime administrator. win be
the guest speaker at the 18th an
nual luncheon meeting Of the
Coal Exporters Association Of
the United States. This win be
held June S at the Shoreham
Hotel.
Ofiicials said his address Is
expected to be Of particular In
terest at this time because OF
the recent sharp gain In exports
OF American coal. especially to
Western Europe.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-07
METAL QUOTATIONS

NEW YORK. May 2, H1.--spot nom
ferrous metal prices today: Copper 30M.
~ cents . pound. Connecticut Valley.
Lead 10 cents . pound, New York.
Tin 30 cents q pound. New York
Foreign silver g1ss cents per troy ounce,
No. heavy was quoted al 42.o0.4S 100.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-07
'' n BUSINESS
April Squirt Lifts Building
Activity Far Above 1856
By DONALD B. HADLEY

squirt in onice and apartment projects April boosted the
value OF District OF Columbia building permits both the month
and the rst four months Of this well above year ago
report from the building inspection ONCE disclosed today
April permits jumped to $9O9832 or more than double the
429 recorded the previous month nearly three times
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-07
d. c. Insurance Leader
To Speak In Michigan

=. carney Smith. general
agent for Mutual BENEFIT Life
OF New Jersey. VIII be principal
luncheon speaker at the Com
ference on Communication In
Business and Industry at the
University Of Michissn on
June 10.
He is q past president Of the
District Life Underwriters Asso.
citation and was general, CHAIR
man for the Washington con-
|vention Of the National Asso-
citation Of Life Underwriters
here last fall.
Mr.. Smith will be one 81 =
long list Of outstanding business
and financial leaders to address
the three-day conference start
ing June IL.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-07
MUTUAL FUNDS

NEW YORK. May R.-Nattonal
association Securities Dealers. Inc.
(EOOn 0mafa fionsl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-07
DiebOld WIN Open
New Branch Building

Diebold. Inc. win hold open
house In the new building Of its
Washington branch once Al
1854 Wisconsin avenue NV,
from II am. to . pm. Thurs
day.
Featured ct the open house
along with the new quarter,
viii be the Super "l6" Rotary
File. . modern filing system "a
meet the need for automatiou
In record housing.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-07
Gichner Iron Works
Remedies Omees
Allan d. Henry Nominated
By Cost Accountants

Extensive remodeling OF the
executive and engineering once,
OF Fred s. Gichner Iron Works
at Twenty-fourth and M streets
NV. has been completed.
Among other changes it has
added q new conference room to
the f1rst-fioor Office layout.
Production has started at the
nrm's new plant No. 5 in the
Inter-City Industrial Center
near Beltsville. Md. These mod
ern facilities are adding SUBJ
stantial volume.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-07


River bridges was 2.6 per cent
above a year earlier and 1851
per cent ahead Of 1871. The
load carried by five, Anacostia
River bridges was per cent be-
hind q year earlier. but 100 Der
cent above volume carried by
three bridges existing in ls41.
Allan d. Henry Nominated
BY Cost Accountants
Allan d. Henry Of Chas. H
Tompkins Co. has been nomi-
mated for president of Washing
ton Chapter. National Associa-
ton Of Cost Accountants. He
VIII be unopposed.
Nominees for other Offices:
Ben c. White Of the Post Once
Department and Paul E. Largent
OF Peoples Drug Stores, vice
presidents: WILDER B. Tubbs of
Chesapeake q Potomac Tele-
phone Co., treasurer; Wilhelmina
B. Kegel. Government Services,
secretary.
Directors nominations include:
William c. Barbee. Department
OF the Air Force; Paula M. Bark
stedt, Mills, Petticord d Mills:
William B. Cochrane, Judd a.
Detweiler: Henry E. Eby, South
ern Oxygen: Clifton c. Garvin,
Safeway Stores; Harland K.
Heumann. Alexandria Housing
Authority; Frank s. Howell, De-
partment Of the Air Force; VIII
son Jones. Alexander Grant a.
Co.; Kenneth B. Smith. Tariff
Commission.
James J. Molinelli is chairman
OF the nominating committee.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-04-19
Shelley Gives Up Title
And Loses 2 Records

BEVERLY HILLS, Calf, April
10 (R.-Two of Shelley Mann's
swimming records were broken
last night as the l9-year-old
Olympic champion from WASH
ington. D. c., gave up her Ma
tional AAU women's indoor 100
yard butterfly title.
Miss Mann. representing the
Walter Reed Swim Club. elected
instead to try for the 250-yard
fteestyle title. She failed to
qualify for the final, and saw
other swimmers pass her world
record in the l00-yard butterfly
and her indoor record in the
1O0-yard backstroke.
Earlier in the three-night
meet, Shelley successfully de-
Tended her 200-yard butterfly
championship.
Two other records held by
Walter Reed swimmers went by
the boards last night. Dougie
Gray's American record for the
2so-yard freestyle was broken as
was the clubs AAU record for
the 400-yard medley relay.
In the windup event of the
championships last night, Paula
Jean Myers, q pretty University
OF Southern California senior.
won the 3-meter springhoard
championship. She nosed out
Jeanne Stunyo and Defending
Champion Barbara elders. both
Of the Detroit Athletic Club.
Four records in four tank
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-04-19
Ed Southern,
Bobby Morrow
Star in Meet

DALLAS. April 10 @.-
Southern California won or
placed in II Of is events to rack
up 96 points and overwhelm
four rivals and win the Dallas
invitation for the fourth straight
season here last night.
But Eddie Southern, Texas
hurdle star, and Bobby Morrow,
Abilene Christians nimble dash
ace. stole the show before 10000
fans with their individual per-
formances.
Southern set records Of la.s
and 22.8 in the hurdles and ran
on q 440-yard relay.-teaiiA that
beat Abilene Christian IN world
record-tying time Of 40.2. Nor
row. aided by 7-mile- an-hour
wind, won the l00-yard dash in
9.3 seconds. tying the world mark,
and breezed home in the 22O in
EOS. He ran on Abilene Chris
tian's sprint relay team.
Max Truck of Southern Cal
won the 2-mile in 9:l4.2. Ron
Morris vaHlted IA feet 2 inches,
Sid Wing clicked OF q mile in
4:l5.2 and Bob voiles tossed the
javelin 224 feet la inches for
meet records. The 7-mile wind
kept Morrow from claiming an
oiiicial tie for the century record
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-04-19

events were broken. They were:
The lO0-yard butterfly-Nancy
|Ramey. Washington Athletic
Club. Seattle. Wash, swan
|1:0l.0, breaking Miss Mann's
world record of l:04.l.
The l00-yard backstroke-
Carin Cone. unattached, Ridge
wood. N. j., turned in q 1909,
lettering the world mark Of
|1:04.6 set by Hollands G.,
Wieima; the American record of
l:04.8 held by Maureen Murphy
Portland. Greg. and the National
indoor time Of 1904. set BY
Miss Mann.
The 250-yard freestyle-l3.
year-old Chris Won Saltza was
clicked at 2:42.9, topping the
American and women's indoor
record Of 2:45.4 held by Miss
Gray.
The 400-yard medley relay
The Santa Clara tCaiif.o Swim
Club. speed 4:27.2, erasing the
ALTA recorded by Walter Reed
at last years meet at Daytona
Beach. Fla.
Nancy Eyles Of Walter Reed
qualified for the final Of the
l00-yard butterfly, but failed u
place. The Walter Reed relay
team also made the ANAL. bui
likewise finished unplaced.
Walter Reed finished nth In
team scoring with IS points. Thu
winner was the Santa Glars
tCalif.) Swim Club with 50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-04-19
Schoo|boy Runs
14.2 in Hurdles

Bill johnson. Wakefield's lanky
murder. yesterday ran the second
fastest 120-yard high hurdles
this year In the Nations high
schools as the Warriors defeated
Ineiehbor Washington-Lee for the
ffirst time in outdoor track. 67-5l.
Running on his home track,
johnson was clicked in 14.2 sec.
onds. That is half a second I'M
der the Virginia Group I record.
which is established only in the
State meet. and according to
the Track and Field News. Is one
tenth OF a second over the best
time for the event among school,
boys this spring. 1t is three
tenths of the National high
school record.
johnson also won the lS0-yard
low hurdles in 20.2 seconds as
one Of three double winners for
Wakefield yesterday. Wayne
Smith won the 100 and 22o-yard
dashes. anchored the winning
half-mile relay team and took
third in the broad Jump as high
individual scorer with l2H
points. Joe Grammer won the
Quarter and half-mile runs.
Wakefield's team victory gave
1t the Fleisher Trophy, emblem
attic OF track supremacy be-
tween the two Arlington schools.
The. Warriors won the cross
country last fall but WI won
Their indoor meet.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-04-19
Diamond Schools Open
In Arlington Tomorrow

The Arlington Recreation De-
partment and the Better Sports
Club Of Arlington will start base
ball schools for beginners tomor-
row morning at four locations.
Boys should be . TO IL years old
From $50 until noon, experi-
|enced players and coaches will
instruct classes at Wakefield
High School. North Greenbrier
Playground. North Quincy street
held and Virginia Highlands.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-04-19
Mayor Proposes
78-Acre Troct for
Dodger Ball Park

NEW YORK. April 10 (R.--
Mayor Robert Wagner today
readied q proposal, TO place be-
fore the Board Of Estimate. al
lottine 70 acres Of city owned
property as q site for the dream
ball park which supposedly would
keep the Dodgers in Brooklyn.
The plan to turn over the
Flushing Meadows property In
Queens for the Dodgers used was
submitted yesterday by Park
Commissioner Robert Moses.
Wagner said the proposal would
be presented to the Board OF
Estimate for informal discus
sion" next Thursday.
Walter O'Malley. Dodger presi.
dent. considering q shift Of the
National League franchise TO Los
Angeles, toured the proposed
Long Island site, some IL miles
from mid town Manhattan,
Monday and yesterday and said
he had ':an open mind. / am
willing TO listen to more about 1t. "
The Queens property now IA
used for eommuter parking.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-04-19
nx DICK sLAY

The question no longer Is
whether the George Washington
High crew viii be a good one
this spring, but whether it viii
equal the national champion
boatload Of last year.
The Presidents unbeaten VAR.
sity eight outrowed Msgr. Bon-I
ner School Of Philadelphia by
q length and three-quarters yes
terday on the calm Potomac on
Old Dominion Boat Club for
their third victory this season.
They 20 to Annapolis tomorrow
70 goW against the Navy Plebes'
second iiehtweights. Washing
|tOn-Lee and Hammond High.
CIV already has beaten WASH
|ington-Lee and Its victim yes
|terdAy, Bonner. whipped the
|kiebe No. l lightweights last
week. % It shouldn't surprise
Coach Julian Whitestone II he
has q four-race streak going
after the week end.
But Whitestone isn't having
any Of that championship talk.
l"There are several question
marks right now. The boys are
Improving and they rowed their
best race today" the coach said
yesterday.
Julian was shaking as he
talked, for his No. shell had
lust beaten decisively one Of
the very best crews in Phila-
delphia. Bonner, formerly Arch.
bishop Prendergast. has six vet
erans In its boat and is rated
III seconds faster than last year.
The last race Of q six-race
program began with Bonner
getting q slight Jump. but CIV
caught up after 10 strokes and
settled from q 81 to a IS stroke
per-minute beat. They were
still even at the half-mile when
| q wash from the police boat
broke them apart. CIV simply
outrowed the visitors from there.
Times for the mile were SOB
and 5:07, best Of the schoolboy
season at Old Dominion. About
the police boat interference,
Whitestone explained that both
shells were hit by the wash but
that Bonner was on the out
side and got it FIRST. It may
have made q difference, but not
q difference Of one and three
Quarters lengths.
/ Hammond's No. shell beat
lGW's second eight with open
I water for the second straight
time In the next-to-last race,
and Bonner won by four lengths
over CIV In the race for senior
fours. Summaries:
sHs si mona ltn sisht o's s.s sssn'' o'z0'
Is: IL se'ss @oW list f four. s.si. " -FOUR
Third race .l--Hammond ID eisht.
sos; 2-oW Sd eight. sill: 3-Bonner
Fourth race: low 4th eight. s;a2;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-04-19
BEMANs TRICK PUTTER WORKS
South African Golfers
To Play at Columbia

putt the first time he tried It.,
and in So holes at Congressional
and Aberdeen had Is brides.
Deane has been b truly fine
Iputter for a couple Of years, and
III he keeps the touch with this
latest wand he's going to drive
some Of the Districts top ANA
teurs TO the practice green.
Belle Haven Country Club has
mailed entries for the annual
four-ball invitation tournament
May 9-l0-il-12 at the Alexan-
dria club. May 9-l0 are op-
tional qualifying days. with two
rounds Of match play May IL,
and the semifinals and finals In
all flights May IL!
Joe LaSalle Of the host club
and Haywood helms Of Char
lottesville are defending cham
pions.
| May i6. not too far distant,
Is the closing date for entries TO
the National Open championship,
which will be played June 1915
at the Inverness Club in Toledo.
Sectional qualifying rounds are
scheduled June 3 at Columbia
&c. C.
| Entries must be in the USGA
once In New York on the usual
forms by s pm. on the 18th.
| Registration for the first Of
the group lessons at East
Potomac will be held April 1920.
The series includes six 45-min-
ute lessons. with all equipment
furnished. The information and
registration number is Sterling
5000. There will be a maxi
mum Of 10 persons in each class
/ Woodfnont M m hers and
guests Will observe the annual
lofncial opening day next Thurs
day. April rs.
John P. English. assistant ex-
ecutivs director Of the United
States Golf Association. will be
here May / for q meeting with
Manor Club ofhcials regarding
the USGA junior championship
Manor will be host July l7-2C
to the top l24 junior golfers In
the Nation. Entries close JUNE
IA. with sectional qualifying
July 2.