davidaulloa/AmericanStories huggingface dataset:
Evening star., 1958-04-29
Hot ShOppes Announce
l Per Cent Stock Dividend

In lieu Of a quarterly cash
dividend. directors Of Hot
Shoppes, Inc, have declared a
quarterly stock dividend Of l
per cent on the common and
Class B common stock. The
stock distribution will be made
June Is to holders Of record
May %.
This action was taken to con-
serve cash for the extensive
expansion program Of the COM
pany. People who own stock In
multiples Of less than 100 shares
will receive cash instead OF
fractional shares from the divi-
dend.
Evening star., 1958-04-29
FOREIGN EXCH'GE

NEW YORK. April 90 l1.-Poreisn
ash.r, e' in e.Dis % 'unshsnssa nnles, dol
otherwise noted.
Canadian dollar In New York open
market 3h per cent premium OF
iOa. .l2ls United States cents.
Europe Great Britain Ipoundl
up B/32. 6O-day futures 2.7gfa, up
I Use. BO-day futures 27gts, up !.
Belgium Ofranel zoos; France franc
231s Of q cent. Germany (Westernl
tdeutsche mark 1880: Holland teuild.
erl 26.43; Italy Qiral l0s Of . cent,
tkronal 1894; switzerland franc
tfreel 1884. Denmark Ikronel ~ so
Latin America: Argentina lfreel
2. .3b, on .O6 Brazil lfTeel .S3 Mex.
leo Sol Venezuela ibolivarl 30.O3.
Far East: Hong Kong dollar i76!
Evening star., 1958-04-29

sets that are much too long.
The burde nof proof imposed on
taxpayers is impossible. The
result Is that taxpayers have no
assurance that they will be
allowed 10 get their investment
in capital goods behind them. "
Universal Marion Earnings
Show Decline In Quarter
A net pront Of $500 .9s6.
equivalent 10 80 cents a share
on l.l48.235 outstanding shares.
was recorded today by Univer-
sal Marion Corp. for the FIRST
quarter Of 1858.
President James Mullaney
said the first quarters report
did not reflect for that period
Of Scullin Steel Co., which re-
Gently Joined Universal Marion.
after both stockholders groups
voted overwhelmingly for this.
Eliminating nonrecurring
items in both 1858 and 1857.
Universal Marion had a FIRST
quarter net income from OPERA
tions Of $875,23S or rs cents
a share. compared with $l.l3l.-
366 or 80 cents a share a year
earlier" said Mr.. Mullaney
Per share earnings for both
periods were based on l,l48.235
outstanding shares.
Net sales for the three
months ended March 81
amounted to $9.36l .94l against
$l0,374.832 in the correspond
ing 1857 period"
Evening star., 1958-04-29

At the first Whit Of recession,
prophets have been saying for
years, New-Suburbia's debt
loaded way Of life would col
lapse. One touch Of bad times,
economists have been warning,
and disaster would strike thou
sands Of young families in the
Developments where budgets
are based on constant borrow
ing.
Well. we're having a recess
sion. But Suburbia is confound-
ing the prophets and econ
omists. So far. the recession has
Fortune Magazine reports in
a new study-cast few shadows
on Suburbia's picture windows.
Retail sales over the country
were of almost l per cent in
January from a year ago. OF
another 3 per cent in February.
But Suburbia'S middle-income
consumers actually were buy
ing at an increased rate. At
the Park Forest, Illinois. shop
ping center. January sales were
II per cent above January 1857.
In Levittown, Long Island.
storekeepers reported customers
were buying freely because they
thought they could get bar
gains.
Unemployment Cited
Unemployment throughout
the country has reached Z per
cent Of the work force. But the
morale of Suburbia's middle
income families remains buoy
ant. In Elmira, N. Y. l3 per
cent Of the labor force was out
Of work in February. yet sales
in stores catering to middle and
upper-income buyers we're as
good as last year.
Borrowers the Nation over
are becoming increasingly con-
scious about the rates they pay
for loans. But Suburbia's bank
ers say that loan applicants
couldn't care less about lower
interest rates: what borrowers
want are lower monthly pay
ments. when q man comes in
Evening star., 1958-04-29

hnueISOn, mas uTReu' 1, n HVe-
year amortization available 10
all purchasers Of machine tools
and other durable productive
equipment purchased between
January this year and June
80 OF next year. as a short-term
anti-recesSion measure. 2. As
a permanent policy. abandon
the present outmoded depre-
citation policies OF the Internal
Revenue Service" and substi-
tute "the bracket approach" to
remove unreasonable restric-
tions on investments In all
types Of capital assets. This
could cut the present depreci-
alton life Of machine tools from
rs. 20 and is years to 10 years
or less.
The president pointed out
Neither OF these two proposals
will cause increased govern
ment expenditures, nor will
either Of them result in any
permanent loss Of tax revenue,
They are inexpensive measures
and create no danger Of an
inflationary hangover. They
should be adopted immedi-
ately."
Cites 81 Byrd Amendment
Mr.. Bodine declared: Sig
ntficantly, the present recession
followed almost Immediately
upon the heels Of enactment OF
the 1857 Byrd amendment
which sharply curtailed and
virtually eliminated availability
Of five-year amortization write
offs of capital expenditures fol-
tax purposes and relegated
taxpayers to the outmodeo
Bulletin F concept.
This Immediately discour-
aged investment in capital
goods. Millions of dollars OF
facilities were not ordered when
1t became evident that there
was no prospect Of recoupine
the investment in a reasonable
time. Businessmen will not in
vest in expensive capital assets
If they are stuck with the un-
realistic physical life deductions
Of Bulletin F. They need assur-
ance that they can get their
investment behind them over
the period of its evident anC
maximum economic useful
ness.
Policy Change Urged
THE most important anti
recession measure the Treasury
could adopt would be a new
realistic depreciation policy
The present outmoded deprecia.
tion policies of the Interna
Revenue Service. which begar
with Treasury Department 442s
and are now embodied in Bull
letin F. largely ignore tech
biological advances and the in
creased Importance Of obSoles-
cence. They force taxpayers tc
adopt useful lives for their as
Evening star., 1958-04-29
Exchange Seat Sold

NEW YORK, April 20 R-
Arrangements were made yes
terday for sale OF a New York
Stock Exchange membership
for $85,000. up $4,000 from the
previous sale. Seats now are
quoted at $4,000 bid. SOS. 200
asked.
Evening star., 1958-04-29
c. & P. Approves S2.OSS.OOO for
Maryland improvements


The Chesapeake g. Potomac
Telephone Co. has authorized
$2.088. 900 to expand and I'M
prove its service in Maryland
Included in this is an appropri-
alton Of $4,000, authorized
yesterday. for new poles and
cable to increase service in
suburban Washington. A. $780,
900 item will increase the num-
Der of circuits between Offices
here.
An appropriation of $38, ,00C
was approved to increase the
number Of trunk calls to and
from Clarksville. Improvement:
in Baltimore service are in
cluded in the new program.
Evening star., 1958-04-29
'3s'' RI BUSINESS
Tool Builders Proposal
For Recovery Studied
BY WILLIAM A. MILLEN
star stan MrIter

The Treasury Department today considering double
barreed shot In the for business proposed National
Machine Tool Builders Association This group considered
weathevane for immediate future BUSINESS sees no lifting
the recession just ahead New products require machine
tools
Evening star., 1958-04-29

MARKETING CHIEF
Raymond @. Fisher, for
mer assistant director,
Office OF Defense Mobi-
lization, has been named
vice president In charge
OF marketing for Con-
tinental Can Co. He
served here In many
capacities In the Gov
eminent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-09
Honorof Directs
Reorganization Of
Mattress Firm

Sam L. Honorof, former plant
manager for the Highlander Co.
in Baltimore. has been APP
pointed general manager of
the Washington Mattress Co.
and will supervise the firms
expansion program. 1t was an
nounced yesterday by President
Hyman Glass.
The Washington company
has purchased $4,000 square
feet Of ground in Central In
dustrial Park in nearby Prince
Georges County. Md, and will
construct a modern one-story
factory, which will contain
10000 square feet initially.
Mr.. Honorof will supervise
a general reorganization Of
Washington Mattress, including
sales and promotion. He was
with the Highlander Co. for
10 years.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-09
Wage-Price Spiral Seen
As Threat to Economy

Built-in imitation produced by
a continuing wage-price spiral
is the most dangerous threat to
our economy, declared Lansing
P. Shield. president of the
Grand Union Co. in New York,
Friday.
Addressing the New York
Securities Dealers Association,
Mr.. Shields said the present
economy has been built on in
creased wages accompanied by
increased productivity, but
added: today hundreds of new
labor contracts are being writ
ten with provisions for auto
matte step-ups Of wages and
benefits, irrespective of produc-
tivity or present business con-
ditions."
This philosophy of more pay
for less work, Mr.. Shields
warned can be carried to a
point where we will be dividing
up something We haven't got. 1"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-09
Tx

aiah Low div rate Add 90 Elish Low Close eEs,
soM - TTEckBr4se IS 3eh 56l1 80 IVA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-09
railways to Extend
EiYe-Star Service

Five-star luxury bus sched-
ules of National railways,
which now connect Wash
ington, Richmond and Norfolk
will be extended to New York
City and Charlotte, N. c., next
Saturday.
The new schedule from here
to Charlotte will clip about
AZ hours from regular express
service between here and At
lanta, Ga. The luxury service
features special buffet, hi-fi
music, uniformed hostesses and
other comforts.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-09

B. Burrus. president and board
chairman.
Mr.. Burrus' report also re-
vealed that while 1857 sales set
q new record of $67. 090, 973,
compared with SOL. 879.718 in
1856. net income after taxes de-
creased to $l,42l .683 or 1891 q
share from $l,546.717 or 1851
a shal> n the previous year.
Sales in two months this year
have amounted to $10,796.514,
a gain of 70 per cent from
$10,075.563 a year ago, accord
ing to the monthly sales report,
also issued yesterday. February
sales of $5.256,553 were IL per
cent ahead Of "a, 909, 065 in Feb
ruary last year.
Expansion Costs Cited
homecoming expansion costs
we're a factor in the moderate
decrease in 1857 profits, the
annual report indicated. 1.-The
new stores which produced a
rate. of net profit less than
normal accounted for a large
portion of the increased VOL
ume." Mr.. Burrus noted. Stores
added in 1858 are not expected
to increase net profit for this
year. he added.
Costs Of sales, store operat-
ling, warehouse and general adj
ministration advanced to $685.
088, LOG in 1857 from $59.587,-
129 in the preceding year.
A total of S.2O9,453 prescrip-
tons were filled by company
pharmacists, compared with
3,059, 642 in 1856. At the years
close there were ITO stores in
the chain. including 26 self
service stores.
AS part of the expansion. the
company completed an addition
to its warehouse building. The
entire warehouse was rear
ranged and modern equipment
installed. The food commissary
was moved and modernized. In
addition to IL new stores. three
existing stores were modernized
and two were closed. One store
destroyed by fire is being re-
built.
Offices to Be Moved
Offices will be moved from
the warehouse building into a
separate building, which has
been purchased. The ONCE
building will be completely
modernized this year.
The balance sheet at the
years close listed current assets
Of $16,977.129 and current la
bilities Of $6.579, 902. a ratio Of
$2.58 to 81.
At the end Of the previous
year current assets totaled $16,-
932.171 and current liabilities
$7.679.777, or a ratio of $500
to 81.
Earned surplus amounted to
$l3,495,S45 at the end of 1857
and net worth was $16,431 PAS.
The company has authorized
capital of 100000 common
shares. Of which 490.94S are
outstanding and 81 ,94S are held
in the treasury.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-09
Store Collections on
Slightly From 1857

Collections of Washington
area department stores Jagged
slightly behind a year ago in
January. the Federal Reserve
Bank of Richmond reported
yesterday.
Collections on charge ac-
counts amounted to 37.9 per
cent Of January receivables,
compared with 1871 per cent in
January last year. Collections
on installm emit accounts
amounted to l1.2 per cent of
January receivables, COM
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-09
Avis System and Hecht Co.
Plan Joint Operations

A plan to rent automobiles
anywhere in the world and
charge their use through de-
partment store billing facilities
will be placed in full operation
tomorrow by the Avis Rental
Car System and the Hecht Co.
of Washington.
1t will be possible to use
Hecht Co. charge accounts to
reserve 1858 model cars at the
store or at Avis Offices located
in 48 States and SO foreign
countries simply by presenta-
ton of storeg charge plates.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-09
Capital Delegation Attends
Institute Conference

Washington Chapter, Ameri-
can Savings and Loan Institute,
has sent a large delegation to
the annual institute conference,
which opens tomorrow at
Cleveland and will last through
Wednesday.
Robert F. McConkey Of Per-
petual Building Association,
chapter president, heads the
group. Others will include:
Robert A. Mazzolini. Northwestern
Federal; Herbert A. Halter, Interstate
Building; Doris Mossburg and Alton
II. Helm, American Bullying; Howard
! N. Mtllner and John w. tStadtler, Ma
tional Permanent; Doris START and
Charles Elderkin. Perpetual: Mahlon
Hetrick and Doris Fautheree. Column
pa Federai Herman Schwertner
Federal: Timothy A. Dunworth. Enter.
Home Federal; Norman u E N WatEins
Metropolis; Richard W. shanbarker
A feature of the conference
will be a report on national leg
islation by Stephen C. Slipher
staff vice president in the
Washington Office of the
United States Savings and Loan
League.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-09

pared with 1873 per cent a year
earlier.
Inventories Of the area stores
on January 81 were 81 per cent
smaller than a year earlier,
while outstanding merchandise
orders were 1919 per cent below
the same 1857 date.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-09
Peoples Drug Will Add
AT Least Il New Stores
BY DONALD b. HADLEY
star Financial Editor

Peoples Drug Stores expects open at least II self
service 1883 the number in 1857 and sales
far this holding at record levels around cent
above year ago. tsta3
Plans for continued expansion that will at least equal last
disclosed Yesterday in the from
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-09
NEW YORK STOCK EXCHANGE WEEKLY SUMMARY

WEEK ENDING SATURDAY. MARCH 8. 1858
Quotations Furnished BY the Associated Press
1888 Stock and Sales Net
Hiah Low div. rate Add 90 High Low Close chs.
Smyrna times., 1958-12-25

Joan Loose
Henry Marshall
Millard PassWaters
George Pernol
Frank Richardson
Ray Slaughter
ROnnie Still
Smyrna times., 1958-12-25

Charles Wheat1nan
Herman White
Bill Willis
Joe Passwaters
Bob Scorah
Earl Shane
Irwin G.. Burton
Smyrna times., 1958-12-25

Hick Dittnaan
Jackie Ford
Oliver Ford
Earl Cooley
Bob Jacobs
Kirk .Jarnan
Leroy Leager
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1958-04-25
Diocesan Clergy
limited To
WorkshopApr.2 %

Next week is Mental Health
Week. Throughout the country
there will be several programs
dealing with problems of men
tai illness.
DR.. Lowell O. Dillon, the sup,
erintendent of Columbus State
Hospital has invited Bishop Is
senmann and the Diocesan
clergy to attend a "Workshol
for Priests" on Tuesday, April
90, at loo pm. at the hospital
There will be a tour of Co.
lumbus State Hospital and a pan
ell discussion on Mental Health
followed by a question period
The following members of the
hospital staff will be on the
panel. Benjamin Kovitz, MD.
a psychiatrist; Joe T. Carter, Phi
D., a psychologist; Morris Ross,
|M.S.W., a social worker; Father
John F. Grady, O.M.I., chaplain;
Victor H. Ewald, volunteer serv'
Ices.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1958-04-25
Bishop Ordains
Tomorrow

Bishop Issenmann will ordain
two men into the priesthood to-
morrow at the new seminary
of SITS. Peter and Paul, at New
ark.
The Rev. Mr.. Mario Serraglio
and the Rev. Mr.. Giulio Mariani
will be the first priests ordained
in the new seminary chapel.
Receiving sub-deaconate orders
at the same time will be Benito
Bottigliero.
S~erraglio and Mariani receiv-
ed their novitiate training in
Italy and attended the Pontifical
College Josephinum until last
year, when they transferred to
the orders first U.S.. Seminary.
They will return to Italy to visit
their parents before their first
assignment.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1958-04-25

Paul's words in his letter to the
Romans that she who raised Je-
sus Christ from the dead will al
so bring to life your mortal bod
les because of His Spirit, who
dwells in you," the Pope told
the researchers they would find
comfort" in the "clear certain
ty" of the triumph of Christ at
Easter.
In his address, given in
French, the Pope noted the
great development of radiology
in medicine and industry in re-
cent year. He cited the need
for measuring with exact in-
|tensity the biological effects
!. =. and above all the spectacu-
lar effects of the nuclear wea-
pons which are constantly be-
fore mems minds today"
The research now being con-
Quoted, the Pope said, "is fully
justified by the Importance of
its goal, namely -. human life
which depends on the adequate
utilization of radiotherapy."
1T is no small or insignifi-
cant thing when one concerns
Continued on Page p
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1958-04-25
|Msgr. Kappes
Named To
Civic Group

Msgr. William E. Kappes, Di-
ocesan Director of Charities,
and Mrs. John F. Flowers, 1853
E. Moler Rd., representative OF
the Central Deanery of the Coun-
Gil of Catholic Women, have
been named to the Citizens
Committee for Child Welfare
and Relief.
At its first meeting, the COM
mittee urged support of the
emergency one-half mill tax
levy for Child Welfare and Re.
lief on the May 6 primary bal
lot.
In speaking to the group.
Mssr. Ksppes said, "It has
been my experience that the
people Of Franklin County
are most generous in their
willingness to help those less
fortunate than themselves.
am sure that when they learn
about the desperate crisis that
exists, they will vote for pas
sage Of the levy"
The levy will provide addi-
tional funds to alleviate the
critical financial situation OF
the Child Welfare Board and
the Welfare Department. These
agencies are the only means OF
aid to hundreds Of neglected
Continued on Page q.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1958-04-25
BY Fr. Augustine Winkler

1t should be obvious tC
anyone who has considered
the proposed constitutions.
amendment that the name
Right to Work is not a true
description of it.
II is rather disconcerfing to
find how many people do not
90 beyond the label and are
quite content to accept q pro-
duct without ever examining
It. In . culture which is inn
mensely influenced by sdver-
Using ths label can sell . pro-
duct rather than the product
selling itself.
And as often happens, a fancy
name can hide a shabby product
and the buyer never knows what
has been sold to him until he
takes it home and unwraps it.
We think something like this
Is happening in the campaign
for Right to Work. The label is
misleading people as to just
what the product is and a gooc
many are not examining before
they buy.
Once the votes are in, it is toe
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1958-04-25

make a claim on an employ,
er to recognize his right to work
so that the employer would have
an obligation to hire him.
There is no right TO work in
fhe sense that This proposed
amendment falsely suggests
to many. Perhaps we do q dis
service and compound the mis-
conceptions by using the title.
Right to Work and should use
the expression, so-esIIed Right
to Work.
There have been charges
made that the opponents of the
amendment have been using
pressure to hinder the circula'
ton of petitions and the signing
of them.
This charge is countered by
another from the opponents
that pressure is being exerted or
people to circulate petitions be,
cause they are members of Ger.
tain organizations which are in
favor Of the amendment.
Neither type of pressure Is
admissible.
There is a proper question
though Of whether or not the
issue should be on the ballot.
Is il q question that the peo-
pie should vote on?
Is there any thing to be fear
ed by either side from the PEG
pie expressing their will through
the ballot? The answer might
seem to be no.
But il can rightly be con-
tended that it is neither prac-
tieaI nor desirable to submit
issues Of this kind to the cleo
torate. We do not have . di.
rect or town meeting type OF
democracy where every law
is voted on by the citizens.
We do have . representative
democracy in which the peo-
pie entrUst the enactment OF
laws TO their duly elected rep.
resentafives.
The state legislature has hat
the opportunity in several ses
sions to act on this type of law
It has never done so, and wisel.
CONTINUED on Page p
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1958-04-25

field of radiation research.
In an address to participants
in an international symposium
on Pathological and nuclear
medicine, the Pontiff stressed
the need to pinpoint the effects
of radiation on the body. Prais'
ing the research work being
conducted, he asked:
where would this patient
and most firing labor in sci.
entific centers lead If tit were)
not tdireefed) to gain The
gradual liberation Of man. the
suppression Of physical and
moral obstacles. and the Judi.
eiovs use Of his conserved or
resained enersy?"
The Pope's talk recalled his
1855 Easter message, in which
he warned of "the horrors Of
monstrous offspring, and worse
still, the hidden shocks caused
to parental genes" that can re
suit from increased radioactive
ty.
The Pope concluded his cur
rent message, however, by invit
ing the scientists to share in
he triumph of Christ's Resur
rection. Reminding them of st
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1958-04-25

the advisory board Of the or
phanase will give the wei
coming address, followed by
e. Faber Biggert, chairman Of
the development fund CAM
paign which made the orphan
age renovation and rebuilding
possible.
DR.. Robert Haines, director o1
state division of mental health
and correction, will give a shor1
talk.
Following the principal sd-
dress by Bishop Issenmsnn. the
orphanase will be open for the
inspection Of the public.
The orphanage renovation and
rebuilding which was recently
completed, includes the new
family or apartment type dormi
tories, a new administration sec
ton and the remodeling of the
chapel.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1958-04-25
Miami To Honor
Archbishop Alter

OXFORD - Archbishop Karl
J. Alter of Cincinnati, will give
the baccalaureate address to the
graduating class of Miami Uni
versity here June 8.
The state supported univer'
sity, which has 1900 men stu
dents and 2,1Oe women, will give
the Archbishop an honorary doc
tor of laws degree next day al
commencement exercises.
Announcement of the dual
honor was made by John D. Mil
lett. university president and 8
Methodist, who added thai
Archbishop Alter would be the
first Catholic bishop either tt
give a major address or to re
ceive an honorary degree al
Miami.