davidaulloa/AmericanStories huggingface dataset:
Evening star., 1958-07-07
S0lzmun.Wisser

Mr.. and Mrs. Milton M.
Wiser announce the mar
riage Of their daughter Gail
Diane to Mr.. Sheldon N.
Salzman. son of Mr.. and
Mrs. Mark Salzman Of Dor
chester. Mass. The wedding
took place June 20 in the
Southern House, Brookline,
Mass. The couple will live in
Detroit, Mich.
FoSter-Sfevens
Mr.. and Mrs. Vincent z.
Stevens of Falls Church an
Evening star., 1958-07-07
Fenwick-V -Vonderslice

Mr.. and Mrs, Samuel Petit
Vanderslice. jr.. of Falls
Church announce the mar
riage Of their daughter
Dorothea Little to Mr.. Ed
ward Gulager Fenwick. ir.,
son Of Mrs. Fenwick, sr.. Of
Arlington and the late Mr..
Fenwick.. The wedding took
place June 2S in the Claren-
don Methodist Church, Ar
lington. The couple will live
In Arlington.
Evening star., 1958-07-07

ST.. Of willlmantic, Conn.
The wedding took place june
20 in the Holy Trinity
Church.
Si6illifo-Hudqins
Mr.. and Mrs. Joseph Hud-
gins announce the marriage
Of their daughter Barbara
Louise to Mr.. Vincent George
Sigillito. The wedding took
place June 20 in Mount Ver-
non Place Methodist Church.
Lustine-C Cooper
Mr.. and Mrs. Adolph Ed
ward Cooper Of Marlinton,
w. Va, announce the mar
riaee Of their daughter Doris
Ella to Mr.. Norbert Mandell
Lustine. son Of Mrs. Harry
Lustine and the late Mr..
Lustine. The wedding took
place June 20 in the Adas
Israel Synagogue. The couple
viii live here.
Evening star., 1958-07-07

Summers q breeze when you live and
breathe in the enchantment Of Coty Creamy
Skin Perfume s. When you spray on
fragrant veil Of Coty Mist splash on the
cool of Coty Toilet Water Step into q
cloud of busting Powder.
Evening star., 1958-05-07
sofas Q a s

Heritage 90" crescent sofo, but
toned book, spring down cushions,
kick pleot skirt, toast textured don-
osk. Wos $4,000. Now !. 2SS.
Donovon Shops So" buttoned back
SOTO, foam cushions, coster legs,
turquoise texture. Wos $500.
Now 80 ------ ll9.
Erwin Lombeth 90" ItoIion Provincial
pillow beck sofos, fruitwood bose,
spring down CUSHIONS, choice of
turquoise or beige textured domosk.
Were 6o6.00. Now --------- 800.
Donoven Shops 81" crescent SOTO,
built to floor, charcoal textured
motelosse. Wos $500. Nov 22s.
Hickory u" Lawson SOTO, two eush-
ions, toost texture. Wos 257,oo
Nov Ito.
lTomIinson Sophistieote lo8" SOTO,
foam cushions, eoesheI quilted tex
ture. Wos 686.00 Now ----399.
Donovon Shops 81" SOTO, kick pleot
skirt, turquoise texture. Wos
81 LOO Now 1913.
Erwin Lombeth 90" pillow beck sofos,
kick pleot skirt, spring down cush-
ions. choice Of beige, toost, or eqa-
she'll textured domosk. Were 569. 90.
Now 369.
Armstrong Modern 2-port sectional
SOTO, foam cushions, choice Of chor-
cool or belize texture. Were 800 90.
Now - .. - 229.
Donovon Shops Modern 81" buttoned
back sofos, foam cushions. woInut
legs, persimmon texture. Were
$4,000. Now --.---------l79.
RoyoI Lounge Modern pilIow-bock
lounge chair, foam cushions, brown
metallic texture. Was 24l 90. Now,
I5e.
Indianapolis Modern lounge chairs,
walnut finish, foam cushions, choice
of charcoal, toost, Persirron or tun-
quoise textures. Were 34.00. Now,
7s.
Evening star., 1958-05-07

French Provincial cherry Apiece group,
so" triple dresser, mirror, 5-drower chest
on-ehest, Mr.. and Mrs. swing bed. Wos
AS 800. Now 329.
Drexel decorated pine 8-piece group. AZ"
water bench, drop leaf extension table,
4 side and z arm chairs. Was $500
Now 289.
Henredon Provincial walnut piece
group, "a" triple dresser, mirror, chest
on-chest, double bed with reversible cane
panel. Were e05.0o. Now ---4 49s.
TOmIinson sophsticote lounge chair,
foam cushion, turquoise and charcoal
texture. Was 256.0O. Now----l95.
ThomosviIIe mahogany 6-piece bedroom
group: 81" dresser, mirror, 5-drower
chest, single beds, night tobIe. Was
434.O0. NoW----------------3 329.
Evening star., 1958-05-07
G h q ir s

Western coroIino EorIy American
wing chair, box pIeoted skirt, red tex
ture. Was 1900. Now IS.
Regent House French Provincial
choirs, tufted back, spring down cush-
ions, fruitwood frome, choice of rose
or toost textured domosk. Were
l84.00. Now - --.----. SO.
Sehoonbeek tufted back chair and
ottoman, spring down cushion, kick
pIeot skirt, turquoise textured donr-
ask. Was 322.00. Now 2l9.
TomIinson Lodys sewing chair with
drawer, gold domosk. Wos l88. 90.
Now -----------. ----~--- 90.
Jamestown EorIy American chair.
cherry frome, foam cushion, green
and beige Tapestry. Wos $500.
Now ------- -, ----- 78.
Sehoonbeek tufted back lounge chair,
kick pIeot skirt, spring down cush-
ions, gold textured donosk. Wos
248.OO. Nov .-------124.
Ethan Allen EorIy American wing
chairs, box pIeot skirt, green texture.
Were 500. Now 50.
Miehison Shops puI-up chair, ebony
frame, gold domosk. Was 1850.
Now IS.
Erwin Lambeth lounge chair, fruit
wood bose, spring down cushion. tur-
quoise texture. Was 5000. Now,
l24.
Sehoonbeek curved back lounge
chair, spring down cushions, tur-
quose texture. Was 20800. Now
lIe.
Heritose button-bock lounge chair,
kick pIeot skirt; spring down cushion;
sooe green textured domosk. Wos
1880. Now --.- SS.
Donovon Shops Lawson lounge chair,
turquoise texture. Wos 1900.
Now - - - S..
Heritose TV chair, buttoned back,
spring down cushion, kick pIeot skirt,
toost and lime texture. Was 224 90.
Now - - 90.
Cochran wing chairs, down cushion,
red moteIosse. Were $500. Now SO.
Hickory ladies' chair and ottoman,
down cushion, kick PIeot skirt, soge
green texture. Were 22l 90. Now,
ll9.
Donovon Shops curved back Iounoe
chairs, spring down cushion, kick
pIeot skirt, rose domosk. Were
1850. Now -.-.-..... 78.
Erwin Lambeth lounge chair, kick
pleot skirt, sprino down cushion, toast
texture, Were $1,000. Now 100.
LISTING IS PARTIAL
Approximately 100 sofos and chairs not
listed. simiIorIy reduced.
ALL SALES FINAL
No exchanges or returns no phone or
COD. orders . everything shown subject
to prior sole.
Evening star., 1958-05-07

Paramount EorIy American cherry o-piece
dining group: 44"x62" expansion table,
66" buffet with open hutch top; a side
and z arm chairs Was ,O23. 90. Now,
sos.
Henredon amber mahogany 9-pece din
ina group: 42"x66" extension table, 62"
shaped front buffet, so" china, a shield
back side chairs and z arm choirs Wos
,39l0o Now 795.
Dovis cabinet 5-pece walnut group, 6o"
triple dresser, 9-drower chest-on-chest.
double cane back bed, step night tobles.
Was 666 co. Now--------------395.
Henredon cherry mist Italian Provincial
e-pc. dining group: 81" buffet, oval ext
tobIe, 2 side and z arm chairs. Was
5000. Now-----------------4
Evening star., 1958-05-07

HyIon e-piece ChippendoIe mahogany
dining group, shaped front buffet, gloss
door china, pedestal base extension toble,
! arm and 5 side chairs Was 600. Now,
z9e.
Johnson olive mahogany 6-pieee group:
o8" dresser, mirror, chest-on-chest, Mr..
and Mrs. swing heodboord, two step night
tables. Was 2, 10000. Now ---- S95.
TomIinson sophistcote 5-piece bedroom
group: 78" triple dresser, 8-drower chest,
Mr.. and Mrs. cane panel heodboord, z
night tobIes. Was o63 o0 Now----67S.
Henredon French Provincial cherry g.
piece bedroom group: II" triple dresser,
mirror, 5-drower chest, Mr.. and Mrs.
swing heodboord, z night tobles. Wos
1890. Now----------------7 795.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-30
Richards to Head
Tobucco Institute

| NEW YORK, Jan. 80 R.-
Formation Of the Tobacco
Institute. Inc, was announced
Jointly today by II manufac.
turers Of cigarettes, smokinr
and chewing tobacco and snuff
Former Ambassador jaime,
P. Richards Of South Carolina
was named as executive direc-
tor OF the non-profit corpora
ton. with ofiices in Washing
ton, d. c.
The companies forming the
Tobacco Institute. Inc. are:
American Snuff Co., American
Tobacco Co.. Inc; Brown and
Williamson Tobacco Corp, q,
A. 0eorgopulo a. Co., Larus
a. Bro. Co., Inc: Lieget q
Myers Tobacco Co.. p. Loril-
lard Co. Philip Morris, Inc;
r. J. Reynolds Tobacco Co.,
5tephano Bros, United States
Tobacco Co., and George w.
lHelme Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-30

August. when the discount rate
went TO 31z per cent. the prime
rate went TO AZ per cent.
Last fall the Federal Reserve
System suddenly aWoke 70 q
vital fact-recession was re-
placing imitation as the DOM
inant force In our economy.
on November IL the Federal
Reserve Banks began 70 switch
tactics. The discount rate was
cut back 70 3 per cent. Now,
the banks are moving further.
The discount rate Is going down
70 "a per cent.
"A reduction In the discount
rate doesn't add one cent 10 the
amount Of money the banks
have 70 lend. The Reserve Sys-
tenn uses other weapons in It's
monetary policy arsenal TO
pump money into the banking
system.
But 1t Is an unmistakable
sign that money Is getting cas-
Ter and cheaper.
II Is Q clear encouragement
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-30
PEOPLE
IN
BUSINESS

Philip A. Ray. formerly gen.
eral counsel for the Depart
ment Of Commerce here, has
been elected vice president
and director Of J. II. Pomeroy
d Co. Inc. San Francisco con-
tracing and engineering firm.
Major General Edmund C.
r. Lasher, executive director OF
the Military Traffic Manage
ment Agency. has been named
70 an executive position al
North American Car Corp, eff
fective February Is. He Is ex-
|pected TO become president and
chief executive officer after
the firms annual meeting in
April.
Z. Z. Phipps. general real
estate agent Of the Baltimore
and Ohio Railroad. has been
elected president Of Potomac
Chapter. American Right-of-
Way Association. He succeeds
L. c. Moser Of the Maryland
State Road Association.
Robert NJ. Clark has been
named executive assistant to
the president Of the Santa Fe
Railway. with headquarters
here. He has been q represents
alive Of the president In WASH
ington since 1850.
Charles c. Gearhart, inspec-
tor Of agencies In charge Of
the Washington general office
Of New York Life Insurance
Co. was honored for recruiting
agents in the last three years,
who were third in sales among
all company agencies In that
class. His office ranked 10th
among company offices for its
sales gain In 1857.
Jack Layton, interior deco
rator associated with Major
Masterpieces. viii redesign the
interior Of the visek Brothers
tailoring establishment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-30
Wilson Elected
Of Griffith
Consumers Co.

Lloyd ,. Wilson. jr. has been
elected president Of Griffith
Consumers Co., II was an
nounced yesterday after q
board meeting.
Mr.. Wilson has served as
executive vice president and
q director since 1854 and sue
ceeds w. J. deButts. who re-
signed because Of III health but
wiz continue with the COM
pany In an advisory capacity.
the announcement said.
Dr.. Arthur b. Hersberger.
manager Of product market
ing for Atlantic Refining Co.,
was elected board chairman "a
succeed the late Pere A. VII
mer. one Of the cOmpany's
founders. Also promoted wa
J. william Warner. who was
named vice president in charge
of sales.
The new president joined the
company In 1881 and previous
~ was with H. L. Rust Co. He
Is Q member Of the Advisory
Board Of the Branches at Riggs
National Bank. q director Of
the Better Business Bureau. q
member Of the Rotary Club
and q director Of the WASH
ington Boys Club. He Is q
graduate Of Dartmouth Col
lege and served In the Navy
in World War II.
The new vice president
joined Griffith Consumers In
1853 and has been general
sales manager since 1856. He
formerly was sales manager
for J. r. Agnew a Co.
He Is . past president Of the
Reciprocity Club. Q member Of
the optimists and IL active In
the Washington Board OF
Trade. He Is q director Of the
Catholic Youth ORGANIZATION
and Merrick Boys Camp.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-30
N. Y. PRODUCE

,,l new yoRE; Jan: 70 n CuspAlI y. =
ssci:..l. prls.. sS bum o 'sstssrl
s0,. ssns;' 81 = 3 sssrs az. So&.S6S:; q q
.,, cc...'. !..,i.i.:sSyi receipts. 10000;
Esss--Wkcisssis prices were bsr,l,
stesdy today; receipts, 1900 New
ern nixed col9rs, extras t4R-SO lbs J,
49, IA s.sr,, . i.rss 49, lbsl ~.
extras t4a-b0 ,lbs.). 15-la: extras
large nh.4s lbs.l. 3HM.a7l extras
medium. ae-aetI browns, extras lis-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-30
BALTIMORE
MARKETS
:. . S,....iIcn. ..uppII.a b y. unl.s.

Geef.ttoHh ouppIeo ~ the Uuite0
states Agriculture Department.:
Llvestoek MARKET
Cattle 100 and calves $50. Ped
steers made up approximately SO per
cent o. receipts. predominatlng GOOD
ana choice srades: very limited supply
isd heifers included. cows comprised
GO s:a sss.r' :nc hsiisrs modsrassiy
lover insssnc.s Is @ cent? a. n cent? ssw.
moderately active. STEADY. bulls sIov.
ale, ,.s steady 70 strong. stocksrs and
SLAUGHTER calves fairly active. fuIIy
isG steers ~ mai yiGI q, not. y
standard and sood II e. .So.Sl o." .n rIIi
lots mostly choice $50 ID heifers gl.6d.
individual ESQ pounder 1900 cutter
70 commercial cows fb.BO-iA. do, can.
nsrs and cutters i3,0O-ia.OO, lev
utility and commercial bulls ! y 90
81 90, GOOD and choice 39.1O- 30 10.
individual ~, 90 few standard ana
good 2s,0O-1s 90. lev good slauehts,
calves :0.00-.e. 90. Individual choice
$500, small lot GOOD and choice asa
Hogs 100: butchers moderately ae-
WEIGHTS under Gao lbs. over so rs
nc,tIy ni.sd lots US No ss'i 4. . i "IS I
hO-2an u barrows and gllts, SALES
these 20. 50-7h, small hts mostly 2 and
: erd. 2l,00-s0. not enough sales sows
70 test prices.
sheer. No sales.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-30
YOUR
MONEYS WORTH
Whot Discount Rate Cut Means
" SYLVIA PORTER

Discount Rate Cut From
~ 70 1914 BY Reserve Bank,
Banks Respond, Drop
Prime Lending Rate TO ~,
|. :" Bank Rate Cut 10 2szeb
BY Reserve. II. Credit Eased
70 Curb Recession !"
Newspapers have had head
lines like these In recent days,
You well may have wondered
.Just what Il the discount rate7
And what is the prime rate7
Why Is this stun making head
lines? What. In ordinary Ian
guage. r. It all about?"
Here Is my attempt TO trans
late the targon into simple
words.
We have IL Federal Reserve
Banks which operate as Gen.
trail Banks in ~ districts
throughout the Nation. This Il
our Federal Reserve System
and II Is the cornerstone Of the
entire monetary structure.
Most commercial banks be-
long 70 the Federal Reserve
System. Probably the bank in
which you have your checking
account Is Q member.
When any member bank Is
short of money TO make, say. a
loan TO you. 1t can 60 TO the
Federal Reserve Bank In It's
district and ask for q secured
loan. When the Federal Reserve
grants the loan. 1t charges the
borrowing member interest.
The interest rate the Reserve
charges Is known as the dis
count rate. In abort. the dis
count rate is simply the inter-
est rate charged by any Of the
II Federal Reserve Banks 70
any member bank for q Sc
cured loan.
The discount rate Is the key
stone Of all interest rates.
Obviously. II Q bank has 10
pay Q stiff rate TO get q loan
from q Federal Reserve Bank.
its going to charge you an
even sitter rate on your loan.
That leads 70 the definition
Of the prime rate-which Is
simply the interest rate q
bank charges on q loan to the
top quality borrower on It's
books. The discount rate was
cut and banks followed at once
with q cut in the prime rate.
Now to the history behind
and the meaning Of the current
headlines:
Throughout 1855. 1855 and
up TO August 1857. the Feder-
al Reserve System was agrees
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-30

Isively fighting initiation with
q tight money policy.
Beginning in 1864. It lacked
|up the discount rate seven
times-from ~ per cent to
I31a per cent In August 1857.
As banks found II tougher 70
borrow from the Federal Re-
serve. they clamped down on
all who wanted 70 borrow from
them. A the Federal Reserve
Banks made them pay sitter
rates for loans, they raised
their loan rates In turn. In
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-30
Marriott Named Director
OF CAP Telephone Co.


Prompt congressional action
on the tax and labor fronts
was urged today by the Ma
tional Association OF Manu-
facturers In order that the
Nation may attain its goal Of
prosperity without imitation"
Testifying before the Joint
Economic Committee. DR.. Ralph
Robey. the MANS economic ad-
wiser. said Congress must de-
wise effective measures 70:
!. Reduce present income tax
rates. which impair current
productive effort and limit
funds for future capital forrna-
ton.
2. Restrain the monopolistic
power Of labor 70 set costs at
levels which are too high 20
be supported BY the economy.
He said this power, II un-
restrained. places the Nation
in the position Of choosing be-
tween imitation and unemploy-
ment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-30
Nome chonoe SOUGHT

NEW YORK. Jan. 80 (R.--
American Gas d Electric Co.
wants TO drop the Gas" from
It's name. Shareowners at the
annual meeting April 80 will
be asked 10 approve q proposal
to make the name American
Electric Power Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-30

have felt the pressure Of heavy
loan demand and the need for
larger earnings to meet rising
costs. One major cost increase
resulted from general adoption
81 . : per cent interest rate for
time deposits at the start Of
1857.
Gross loans on December 81,
data Of the last bank call.
amounted to to5o .2lo. 900. COM
pared with SeSe.s03 900 ct the
end Of 1855 and SEASONS, 900
ct the end Of 1852.
Assets amounted to t1.532.-
4SS.000. compared with tl.535.-
COS. 900 q year earlier and ST.
S66.755.000 I'VE years earlier.
A review Of the five-year
period showed that while gross
loans increased S. per cent,
holding Of United state obli-
cations declined las per cent.
assets rose II per cent and
capital funds jumped SIS per
cent.
Capital Funds Climb
The increase In capital funds
resulting from sale Of add
tional capital stock and also
from accumulation Of undi-
vided profits and surplus has
been notable.
The total on December 81
reached q new high Of 4ll3,-
$4,000. compared with 9ll0.-
S4e.000 q year earlier and
&e3.6T4.o00 at the end Of 1854.
Holdings Of Federal obliga-
tons on December 81 totaled
$lS2.S5s.000 or 2e.e Per cent Of
assets. compared With slSe,-
SIS. 900 or 2e.e per cent . year
earlier and t5l7.76 900 or SIS
per cent five years earlier.
Commercial and industrial
loans Of the Is institutions
amounted 70 $22e. 1884, 900 on
December 81. compared with
S240.6s2.o0o . year earlier and
tl54.s3e. 900 at the end Of 1852.
Real estate loans tctaled
SITS. 2s3. 900. compared with
s160.993. 900 q year earlier and
ti3e.274.o0o I'VE years ago.
After deduction Of valuation
reserves. total net loans
amounted TO $3.50. 2lo.0oo. COM
pared with $751;, 3e4. 900 at the
end Of 1885 and sac. Oe0, 600 at
the close Of 1857.
Federal Deposits Down
As previously reported. de-
posits aggregated $i.403. 334. 900.
compared with s1.loe. SIS. 900 q
year earlier and t1.270.s 81. 900
1t the end Of 1851.
Demand deposits Of individ-
uals. partnerships and corpora
tons rose to $685., Ia, 900 from
$3.50. S23. 900 Q year earlier and
ses4. o33. 900 on December 81.
1852.
Indicating the attractive
power Of . 3 per cent interest
rate. time deposits Of individ-
uals. partnerships and corpora
tons scared to t326, els. 600
from s2ss. s75 900 q year earlier
and s2l7.s36.00o I'VE years
earlier.
In contrast. deposits Of the
Federal Government and postal
savings declined to t3s. 275. 900
ON December 81. compared with
S47. 9O4 900 . year earlier and
5000 i've years ago.
Hotel Corp. Votes First
Dividend In 3 Years
Directors Of Hotel Corp. Of
America. which operates the
~-------------
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-30

70 banks 10 be more liberal on
loans and TO borrowers TO ask
banks for more loans.
Bit BY bit. the snti-recession
stops are being pulled out.
fpistribptSd 1855, By ms NAH
byndicate' Inc. All Rights RessrvedD
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-30
Treasury Trims
Rates, Offers
Bonds for Bills

The Treasury terms Tor ex.
changing new securities for
ti6.7ss.o0o. 1000 Of maturing a.
sues las might reflected easing
interest rates and for the first
time included an OFFER 70 ex-
change bonds for sl-day bills.
New securities offered for ex-
change next Monday include
s2-year bonds maturing Febru-
ary Is. 1890. with interest Of
3M per cent: six-year bonds
maturing February IS. 1864.
and bearing interest Of . per
cent: az per cent certificates
Of Indebtedness maturing Feb
ruary II. 1889.
All the new issues viii be
dated February - and win be
Interchangeable for maturing
securities on Q par-for-par
basis with interest adjustments.
No cash sales win be made.
Inclusion Of Q sl,75i, 600. 900
special issue Of ol-day bills. due
April Is. In the package Of
maturing issues 70 be ex-
changed. added another wild
deuce In the game Of guessing
what the government bond
market VIII do. dealers said
after the announcement last
night. In general they were
pleased with the terms.
An Unexpected Jackpot
The exchange rights, at
taehed for the first time 70 one
Of the IS bill issues that Will
mature this year. are expected
70 add around 2i32ds Of Q
point to the value Of this
particular issue.
| A dealer lucky enough TO buy
April bills instead of March
bills yesterday. hit an unex-
pected jackpot Of several
thousand dollars. II inclusion
Iof some bills becomes practice.
the dealers will have q new
factor 10 guess.
/ However. the April bills were
only one Of I'VE issues in the
package exchange offer. Others
for which bonds or certificates
win be exchanged include:
tl0.s5i 900 OF ga per cent GER
tificates. series A-le5e. due
February IA: ti.449. 000.0 900 Of
E2la per cent bonds Of 1868.
due March IS: s3s3 million Of
ia per cent notes. series EA-
1858. due April /: s2.3Si. 900. 900
Of ga per cent certificates.
series BLISS, due April IS.
Reflect Easier Rates
Rejecting easier money
rates. the new 33s per cent GER
tificates. compare with q SINH
lar maturity offered last NO
vember with a rate Of 3A per
cent The 3 and IA per cent
coupons Of the new bonds COM
pare with q 4 per cent rate on
an offering only last August.
In announcing terms for the
exchange next Monday. Treas
ury ofncials indicated that II
Congress approves q IS billion
temporary increase In the debt
limit, consideration will be
given 70 new cash financing
IN the next 80 70 90 days.
However. Il was emphasized
that such an offering would not
reopen any Of the maturities
10 be offered Monday.
The sl6.7s5. 900 900 Of matur-
ing issues TO be exchanged In
clude ts.034. 900 900 held by the
Federal Reserve System or Gov
eminent investment accounts.
OF the remainder. S3.7i0.00o.-
900 are held by commercial
banks and s7.o4i.o0o 900 by
other institutional and individ.
nal Investors
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-30
Another Big Year Seen
In Municipal Bonds

Another big year Is in pros
pect for the municipal bond
market IN 1858. with q new
issue volume of 81 billion
seemingly assured. reports a
current bulletin from the In
vestment Bankers Association.
! Tolger. Nolan. Fleming-w. B.
Hibbs a. Co. Is distributing a
new list Of tax-free municipal
bonds with unusually attrac-
tive yields. Bache a. Co. has
compiled a study Of Lockheed
Aircraft Corp.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-30
'' 3 BUSINESS
D. G. Banks Boost Rotio
OF Loans to Resources

Record loans Of washington banks have Increased IS
in the last e years to - per cent Of
assets compared with ~ cent and 81 cent
lust i've data from Ray NJ idney, Controller Of
the Currency. disclosed today. s~
washington banks common with those Of other eitiea
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-30
METAL PRICES

NEW YORK, Jan. 30 0H.-spot
s.. ',. a Sfs. os .ss. Sever
Isy- Lea1 Is cents . pound, Neu
York, Zine 10 cents . pound. Kaat
-, Louis Tn a3A eenta . pound.
New YORK. Foreign silver eess cent?