davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
Southern Bell
Pays Interest
|0f4.9P Pei.

NEW YORK. June Is (R.-
An investment banking syndi-
cate managed by Halsey. Stuart
& Co. submitted the apparent
best bid today for $40 million
Of Southern Bell Telephone &
Telegraph Co. debentures.
1t was 1913 for a S per cent
coupon and was accepted.
I This provided a borrowing cost
of 4.9l per cent for the COM
pany, highest paid by a Bel
System unit in 81 years. On
January Is, 1890. American
Telephone g. Telegraph Co. sold
$3.50 million of debentures al
a borrowing cost of 5.22 per cent
Another underwriting group
led by Morgan Stanley & Co
submitted bid of 1920 for SIS
The Southern Bell 29-year de-
bentures carry stipulation they
will not be redeemable for the
first five years.
1t is expected that Halsey. Stu
art will reoffer the debentures
priced at 1922 to yield investor:
4.85 per cent.
Southern Bell will use the pro-
ceeds to repay advances from its
corporate parent. A. T. g. T.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
Sinclair Raises
Price Z Cents on
Gasoline, Fuels

NEW YORK. June 10 Dr.
Sinclair Refining Co. today an
nounced it will increase its
prices two-tenths cent a gallon
on all grades of gasoline. kero-
|sene and distillate fuels, effective
June 81.
1t will also boost residual fuels
IS cents a barrel. The boosts in
gasoline. kerosene. distillate flu
els and residual fuels apply to
the company'S 36-state market
ing area.
Sinclair said the price boosts
were IAN essential step to re-
cover the added labor costs aris-
ing out of its new agreement
with the Oil, Chemical and
Atomic Workers International
Union (AFL-CIO)."
The new agreem emit was
reached June IA, the company
said, and provides a general wage
boost Of 6 per cent together
with certain improvements in
benefits and vacation and holi-
day pay. 1t will run for two
years.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
Gordon Davis Wins Cup
At League Outing

Gordon Davis. assistant vice
president Of Columbia Federal
Savings & Loan Association. won
the District Title Co. Cup for
the second time In golfing at the
annual outing of the District
Savings and Loan League at
Congressional Country Club last
night.
Mr.. Davis won the cup pre-
viously four years ago and thus
gains permanent possession of it
Richard H. Sinclair. assistant
vice president. American Saw
ings and Loan Association, won
low gross in the same tourna-
ment.
The guest low gross was won
by Earl Morris Of Citizens Fed
eral Savings and Loan Associa-
ton. The guest low net was
won by William Hayes, Guaran.
ty Title Co. OF Baltimore.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
PEOPLE
BUSINESS

Horace E. Williams, loan off,
GER at National Permanent Saw.
ings and Loan Association. has
qualified to become a senior
member of the American Society
Of Appraisers. He was judged or
the basis of 10 months of APP
pfaisal work.
Woodrow A. Shriver of the Law
firm of Shriver & Brooke ha;
been named a director of Subur-
ban Life Insurance Founding Co
of Silver Spring.
S0mmers T. Brown, Certified
Public Accountant. and George
RappapOrt, director Of the Gov
eminent Electronics Division OF
Emerson Radio g. Photograph
Corp, have been accepted for
membership in the American In
stitute of Management.
Charles B. C0untryman of New
York Life Insurance Co. and
George Kelly of Equitable Life
Assurance Society have qualified
for the 1857 Million Dollar Round
Table. Both are in Washington
offices OF their companies.
Ralph i. Glasgow has been
elected assistant vice president
In charge of the Washington
ofiee of Consolidated Freight
ways.
sFalkenstein Corp. has been
named distributors for Waste
King appliances in this area.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18

affairs should be kept and au-
dited at least once a year by a
certified. public accountant.
4. Annual reports. also audited
by a certified public accountant
should be made.
S. Where benefits are provided
through an insurance carrier OF
other organization. such infor-
nation should be stated in the
report, together with total pre-
mlums paid and full identified
ton Of persons receiving fees and
the amounts.
Mr.. Cliffe recommended that
the proposed Taft Hartley revi-
sionS require that this data be
sent only to participants in pen
sion and welfare fund plans,
rather than filed with a Federal
agency. Should Congress decide
otherwise. he proposed that the
reports be filed with Internal
Revenue Service.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
Mallory Co. Admitted
To Stock Exchunoe

NEW YORK. June 10 (P.-
The common stock of p. r. NAL
Tory & Co.. Inc. whose mair
office is in Indianapolis, Ind. wal
admitted to trading on the New
York Stock Exchange yesterday
The chief products of the com
pany include mercury and zinl
carbon dry batteries. capaci
tors. contacts. special metals. re-
sisters and controls, switches. vi
orators. welding tips and holder
and plastic products.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
I telephone Exhibit Here
Spans Centuries of Work

Kaleidoscope. thus enabling Wis
Iitors to "see" sound.
Another large scale model
shows how the telephone works
IA second illustrates the tech
|nique of automatic switching
while still another permits the
button-presser to activate a solar
battery.
The Bell solar battery is the
first successful device to convert
sunlight directly into useful
amounts of electricity.
The final panel in the exhibit
illustrates certain aspects of ba-
sic research and their applica-
ton to telephony. Here is dis
played the transistor. the devel-
opment of which earned the
Nobel Prize for three scientists
in 1856.
3 Animated Mock-Ups
Immediate applications of this
electronic device are shown in
three animated mock-ups. But
ton pressures here show the
transistor used successfully as a
low power device, an amplifier
and photoelectric cell.
Every conceivable sort Of tele-
phone set is included in the ex-
hibition. Some of the early
models are reminiscent of cof-
fms. another calls to mind a
gallows tree, while one 10Th
century desk set might easily be
mistaken for a go millimeter
trench mortar. Most recent OF
the goth century telephones are
in pastel shades, designed for
milady's chamber. and would
look out Of place anywhere else
The display was five years in
the making and was developed
jointly by the Bell Telephone
System and elements of the
United States Independent Tele-
phone Association, under the
general direction of the Smith
sonian staff.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18

A telephone exhibit. spanning
centuries of research and de-
velopment in communications,
draws hundreds of visitors daily
to the Smithsonian Institution.
Dominating the entrance of
the gallery is a bust of Alexan-
der Graham Bell. Thanking the
statue are examples of mans
earliest attempts to project his
voice over distance, exemplified
by the megaphone and tin can
and string, or lovers tele-
graph"
Also in this historical section
of the exhibit is a model of Mr..
Bells workshop. The display is
unique in that a number of
early experimental devices were
presented personally to the mu-
scum by the inventor.
| Beginning with the first wal
nut wood butter stamp" hand
sets $50 called for their resem-
blance to the stamps once used
for printing butter), the exhibit
traces the development of tele-
lphonic communication to the
transistors and solar batteries
now in their experimental stage.
illustrated with Models
One section of the exhibit is
devoted to transoceanic commu-
nications, lucidly illustrated with
scale models depicting cable and
radiophone methods of spanning
the oceans.
Between the butter stamp and
solar battery are numerous in
dividual working models. Amer
leans traditionally admire push
button gadgets. and there are
plenty of knobs to be pushed al
: the exhibit.
A touch on one red knot
causes four tuning forks of diff
ferent frequencies to be STRUCK
IN succession. The resultant
sound waves are recorded on al
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
FOREIGN EXCHANGE

NEW YORK, June is OR.-Foreign
exchange rates follow, Great Britain in
dollars, others in cents UNCHANGED I'M
less otherwise noted)
Canadian dollar in New York open
market lO4 ,967s United States cents.
Europe; Great Britain (poundl
$2.79ss. up 3l32 Of q cent: 30-day fu-
lures 20 ! L32, up ,s Of a cent: 60-day
futures 2.7S1, up 3f32 Of cent; 90
Belgium Qrancl leSls. up .OO,. OF 4
cent. France franc) .2Ssa OF cent,
Germany twestern deutschemarkl % so.
Holland tRuilderl a6.12, of 0Ols Of a
gal tescudol $50 Sweden (kronal 1874.
switzerland francl free) .334, Dem
marx lkrnnrl Il al
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18

buoyant :. and every imaginable interior
convenience is in constant attendance.
Then, Of course, there is Cadillac's almost
unbelievable case of handling. Starting,
turning, stopping :. the car seems almost
to read his mind.
And. finally. there is the deep satisfaction
he enjoys in commanding his opn Cadillac
car. For possession is nine points Of the
pleasure when your motor car bears the
beautiful crest Of Cadillac.
Little wonder. then, that he still finds
himself at the wheel For the miles ahead
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
Northwestern Life Lauds
Joseph S. Baldwin ON Service

Joseph S. Baldwin of the
Northwestern Mutual Life In
surance Co. here, who has COM
'pleted 40 years with the COM
pany. has just received a letter
of congratulations from Grant L.
Hill. vice president and director
of agencies at the company's
headquarters. Milwaukee. Wis.
General Agent Paul r. Har-
rison here said the letter to Mr..
Baldwin declared: by your civic
activities. membership in the
Round Table. (those who have
secured over 81 million of in
surance in a calendar year,, the
Wilmer Award and your many
organizational activities, you
have brought plenty of prestige
to yourself. the agency and the
company"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
.FuirchiId Expands
On Secret Project
By the Associated Press

Fairchild Engine and Airplane
Corp. disclosed yesterday that a
secret military project. the
Goose. is forcing it to expand
its main plant at Hagers-
town. Md.
Richard S. Boutelle. president,
announced that one of three new
buildings to be erected for the
company's .aircraft division at
Hagerstown will be "a new pro-
pulsion test laboratory required
for testing in connection with the
Goose weapons system project. "
A Fairchild representative said
security restrictions prevent dis
closure Of the nature of the
weapon.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
Coop Members Name
To Homestead in 1855

The District Bankers Associa-
ton just completed its seth
annual convention at the Green
brier in White Sulphur Springs.
w. Va. but will not hold another
convention there until 1868.
They liked the Greenbrier.
but it will not have any space
for the bankers again in early
June until 1868.
In the meantime. the associa-
ton conventions in early June
will be held at the Homestead
in Hot Springs, Va.
After the 1863 convention, the
conventions will alternate be-
tween the Greenbrier and the
Homestead.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
Savings, Loan
Associations SET
New Records

Total assets of the 80 member
associations of the District of
Columbia Savings g. Loan League
were $858.805,648 on May 81,
Executive Secretary Bruce Bryan
said yesterday.
This represented a 56,403, 1868
increase over year ago, he said.
Mr.. Bryan gave this compare
son with May 1856:
May 81. 1857 May 81. 1855
governments ses.s47.44o $s3,35l SAC
Real estate
loans - 75e.357,751 7Os.se6. ss5
shares - 737, 2aa. 4o4 eso,oos,e
Reserves - 71.6SS.269 63,517.377
The executive secretary said
loans settled last month reached
$14,967, 1902. These were $780,
900 above April, but considerably
below the $19.098, 900 for May,
1856. he said.
Mr.. Bryan declared more than
100000 individuals now have
savings or borrowing accounts
with the associations here.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
Coop Members Name
Four New Directors

Members Of Coop stores in
nearby Maryland have elected
four directors to serve two year
terms. They are, William c.
Arntz Of Takoma Park: Richard
w. Barrett, Bethesda. Carolyn
II. Miller, University PARK. and
Ruth r. Rinehart, Westminster
The new board has reelected
Walter J. Bierwagon OF Cheverly
as president and Bill Arntz as
vice president. Robert T. Bon
ham Of Rockville was renamed
treasurer and the Rev. Robert
c. Hull Of Greenbelt secretary
of the board.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
Since Sun-Up... and Still Not Tired !

The sun cleaned low in the east when he
set out on his journey this morning.
And here he is-well after nightfaIl-still
going strong at the wheel
If you have spent any time in a new
Cadillac car, you can understand his reluc-
lance to bring his days journey to an end.
For the man who holds the wheel Of this
magnificent motor car is heir to the greatest
satisfactions ever conferred on a motorist.
To begin with, the car holds him in superb
comfort through even the longest day Its
seat cushions are wonderfully soft and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
Reciprocity Club Elects
Herbert NJ. Pasewalk

Herbert M. Pasewalk. WASH
ington insurance executive, has
been chosen president Of the
Reciprocity Club Of Washington.
This group provides eye care, ex-
aminations, eye glasses and eye
operations for INDECENT children
of the Washington area. as well
as engaging in social and civic
activities.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
Taft-Hartley Revision
Urged by Chamber

Revision of the Taft Hartley
Act to provide five specific safe.
guards against abuse of pension
and welfare funds administered
jointly by employers and unions
was proposed to Congress today
by the Chamber Of Commerce Of
the United States.
In testimony prepared for 9
special Senate Welfare Pension
Fund Subcommittee. Chamber
spokesman Frank B. Cliffe. vice
president and secretary, H. j
Heinz Co.. Pittsburgh. said the
act should be amended to spell
out the following rules of conduct
for trustees:
/. Terms of the trust agree
ment governing the funds should
be in writing.
2. There should be detailed
descriptions of the plans includ-
ing the amount of benefits and
those eligible for benefits.
3. Detailed records of trustees
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
John Binns 10 Address
APRA Chapter Here

John E. Binns will address
Washington Chapter. American
Public Relations Association, at
a luncheon at the Burlington
Hotel Thursday.
Mr.. Binns. formerly assistant
to the president Of the American
Management Association, has
been with the National Auto
mobile Dealers Association for
more than a year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
ID. c. Bank Debts Rise
Above 1856 Levels

Washington bank debts In
May totaled $l,60S,239. 900. a
gain of 7.3 per cent from S1.498,-
$4,000 in May last year, data
from the Federal Reserve Board
disclosed today.
The May total also compared
with $l,605, $4,000 in the previ-
Gus month.
Debts in the first five months
OF this year aggregated $7.804,-
399, 900, an increase of AZ per
cent from $7.490. TAI 900 in the
same 1856 period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18

Sharply last January when COM
mercial banks were authorized
hythe Federal Reserve Board to
raise their interest rates on saw
iags deposits to three per cent.
This has resulted, he said. in
"befuddling advertising of the
three per cent rate" and "inac-
curate and misleading booklets
distributed by some State banks. ;
He added;
These pamphlets intend to
arouse doubt among savers as
to the liquidity of funds in asso-
Citations. and the safety of such
funds. They obscure the statu-
tory and supervisory authority at
the State and national level to
restrict Withdrawals from banks
under certain conditions, es-
pecially in times of economic
emergency. They are grossly I'M
fair in their implications and
misleading in their half-truths. p"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
'' RI BUSINESS
Bromon Hits Some Banks
For 'MisIeodinq' Claims
BY DONALD B. HADLEY

Some banks issuing inaccurate and misleading booklets
ina effort to win business from
tons was charged today by Harold Baman of Washington
executive manager of the National League
Addressing the leagues l4th Boston
Mr. Baman called for ethics for doing
by all Segments of the financial fraternity
He said that competition savings dollar increased
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18

are always tempting-when the miles past
have been so wonderful!
If you haven't learned for yourself what
it's like to take to the highway in a 1857
Cadillac. we urge you to visit your dealer
very soon.
To be sure. you won't have to spend a
full day at the wheel to discover the magic
of Cadillacs performance and the luxury
of coachcraft by Fleetwood. A single hour
is all you'll need
Why not try it yourself-tomorrow!
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
DIVIDENDS

NEW YORK. June Is 0P,.-Dividends
announced:
Deferred
Pc Stk Of Pay
Rate. riod. record. able.
Caspers Tin Plate
Stock
Rohr Aircraft -4es - 7.31 $50
Sheraton Cp Am-2% 7-3 ST.
xone share Fox Head Brew Tor each
share Kingsford Co. held
AccumuIative
Pitts Brewing Of 62lac - 7-10 81
Mass Invest TT loo 6-2s 7-25
Increased
Reinsurance Cp NY csc -, 6-2S 7-l6
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
ODD-LOT DEALINGS

NEW YORK. June Is 0R.-The New
York Stock Exchange reported today
these odd-lot transactions by principal
dealers on the exchange for June IL
$50 ,OSS shares including 1890 shares
sold short
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-18
MUTUAL FUNDS

NEW YORK. June Is R.-National
Association Securities Dealers Inc
moon QuOtatiOnsD
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-23
Wall Street Voices
Regret at Timing
OF Discount Boost

NEW YORK, Aug. % o.
Wall Street generally expressed
disappointment today at the
timing of the New York Fed
eral Reserve Banks boost in
the discount rate.
The financial community
was not surprised at the New
York banks falling in line with
other districts. But, some Wall
Street observers said they were
sorry the bank did not hold out
a little longer as a token Of
protest against the further
Tightening of the screws on
credit.
The New York and Cleveland
Federal Reserve Banks late
yesterday announced an in
crease from 3 to 3l2 per cent
in the discount rate, the fee
charged on loans to member
banks. This brought all of the
IL Federal Reserve districts up
to the 3la per cent level, which
was initiated by four of the
districts two weeks ago.
Martin Gilbert, analyst for
Bache 81 Co., said. The New
York increase was bound to
come. The delay showed a re-
luctance on the part of the New
York bank to make money
tighter"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-23
BALTIMORE
MARKETS

BALTIMORE. Aug. % Up, -CUSDA)
Cattle 100. offerings OF any class too
meager to sufheientlytest price quota :
lions. shipment mostly commercial
pulls In very good weishing condition
Calves Is; supply too small to es-
Hogs 100: receipts almost entirely
barrows and gifts. these steady. siz-
able consignment mixed U 8. No. /. >
and 2 barrows and Eilts weighing
under 2iO lbs. 3If5
Sheep none; nothing on offer.
Grain Market
Flour-Receipts none
Wheat-Recetpts. 913T bushels:
shipments. 2i5.333 bushels; stocks. 81
052 .55l bushels. No . red winter gar
corn-Receipts. e7.37o bushels;
shipment. none; stocks. los sos
oSts-Receipts. none; shipments.
Barley-Receipts none: shipment,
f-l60 bushels: stocks. 853.720 bushels.
Rye-.Receipts, none: shipments.
none; stocks. 3O5.o58 bushels.
Soybeans-Receipts. none; shin
ments, none: stocks. 1851 bushels
Millfeed-Receipts. none.
EGg Market
(Yesterday's ou0tatlOnsl
hEhsr on rr large T Snshans to cents cents
lower mediums. Top quality large
eggs were in short supply. Others gen
orally adequate for the fair to good
demand. Arrivals light.
Prices paid BY first receivers. de-
livered lob. Baltimore, cases included .
Large, min. 80 pc A quality whites.
1915; brown and mixed. 1888. med
tufns, min. 90 DC A quality whites.
31-fi: brown and mixed. 34ia-3s; .
smalls, 2s-2a.
Receipts: Eggs 1880 cases by truck.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-23
BY ELMER RoESSNER


The Federal Government has
taken a few more actions to
get out Of competition with
small business.
These. however. may tend to
obscure the fact that State
and city governments, in total,
are much larger competitors
with business.
While Federal competition
may, in total sales lost, run
into the millions. State and
local competition may cost
private enterprisers a billion
a year or more in gross income.
The Federal actions were
these: The Navy has agreed
to get out of the paint manu-
featuring business. 1t will con-
tinue experimental work. but
will buy instead Of make some
3 million gallons Of marine
paint a year.
The Air Force has agreed
not to compete with the ice
cream and pastry makers Of
Colorado Springs. In addition,
the Defense Department has
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-23
CHICAGO GRAIN

CHICAGO. Aug. - R.-Grain
futures were easy in early DEALINGS on
the CHICAGO Board Of Trade today on
standofi weather news and lack OF
Corn failed to follow its closing up
trend Of yesterday on reports OF over
ntEht rains. Soybeans had no impetus
from weak oil and meal market open
ings and wheat marked time
style wheat was Of a. to Il. September
S2.1sis, corn was "a to "a lower. Sep
TENDER - .21i4. oats were Il to -
lower. September 10. rye was y to -
lower. September 81 30. soybeans were
lard was UNCHANGED to 5 cents lower.
September SD so
The weather bureaus hve-dav fore
cast was for a warmer spell with little
new moisture promised in the corn.
soybean and spring wheat areas. How
ever. showers were predicted today over
much Of the corn area.
The. corn crop. already discounted
somewhat BY lateness and drought
damage in the Eastern growing area.
ideally should have more rain soon.
But some traders felt that ~ dry spots
in the corn belt are already vorkinR
additional crop damage.
The price level Of the September
future has declined 10 level dis
COuThking Iretn mhrketlnRS ny pro-
ducers. and with sales Of stored stocks
active. the outlook apparently was
for price frming.
Wheat futures had some encourage
ment from continuing Government
estimates that stable quantity Of
the new crop will so under loan. de-
are selling their wheat freely below
the net support price. Thursdays
announcements OF more than 800, 900
bushels sold for export. and Govern
ment predictions Of continued heavy
marketines abroad helped Offset the
heavy surplus picture and q feeding
that next years crop would he large
Except for generally favorable grow
Ing weather and possible upward re-
vision OF the Soybean crop estimate.
there was little noteworthy about
beans except that professors arc
actively accommodating the nearby
futures.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-23
NEW YORK COTTON

NEW .YORK--Aug. - RD.-cotton
futures improved during the forenoon
today. featured by trade buying In
current crop months. A Houston spot
bales each In March and May deliveries
which met only scale up local selling
The Census Bureau reported ginnings
from the 1857 cotton crop to August
amounted 70 iu5.sp0 running bales
date year ago we're 7iS,713 bales
The lower ginnings were attributed to
smaller crop prospects this year and
the later start OF the crop this season
Noon prices were . cents bale
lower TO 90 cents higher than the pre-
yious close. October ~ IS, December
1870 and March 1891.