davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-20

High United States ofiicials
still expect Soviet leaders 10
stop short OF action that they
think would lead 10 q general
war. But the war Of nerves Is
expected, 10 mount. Hostile
gestures like the assault on the
American Embassy in Moscow
are expected to continue.
But shipment OF more Soviet
arms 70 the United Arab Re-
public Is not considered likely.
Egypt and Syria repeatedly
have more Soviet arms now
than they can absorb.
Fresh evidence has reached
washington that the JAR con-
tinues to intervene directly In
the Lebanese civil war. Officials
have learned that rebels in the
5asta area Of Beirut operate
under instructions received by
open telephone wire from Da-
mascus. The plot against Jor-
dams King Hussein was being
masterminded entirely from
Cairo and Damascus, according
TO reports credited here.
Leaders in other Middle East
countries were said to fear
assassination on the Iraq pat
tern. Several governments there
requested American action last
Monday after the Iraq coup.
Need for Decisive Action
President Eisenhower, high
sources report, was convinced
that failure Of the United States
TO give . feeling Of stability to
other leaders would have risked
collapse Of Independent govern
ments from Morocco to the Pa
ctfics Also. the administration
feared that Middle East powers
would conclude 1t was q liability
to be q friend Of the United
States II there were not swift,
decisive response to the Iraq
coup.
1t was recognized, however
that sending Marines to the
area would make the problem
there more difficult.
One Of the difficulties in
countering the coup in Iraq
has been the complete elimi-
nation Of the old leadership.
The United States now accepts
the information that King FAT
sal, Crown Prince Abdul Ilah,
strong man Nuri Said. and For
eign Minister Fadhil al-Jamali
all were assasSinated In less
than an hour early last Mon
day morning.
This has left the nation
without Q leader around whom
any, opposition to the. military
jnhtaE could rally
The administration is con-
WINGED that Soviet Communism
and the United Arab Republic
are the forces behind the new
Iraqi regime. Initially the new
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-20

vote Of the Soviet Union IN the
Security Council" The United
States had sought creation Of
IL United Nations force 10 take
over responsibility for Leba-
nese security.
THE Security Council Is
meeting further 10 deal with
the problem on Monday" the
United States said. I'VE hope
that the Soviet Union viii then
cooperate with the other
members Of the Security coun-
ell 10 assure the independence
and integrity Of Lebanon"
There was no ofhcial reaction
from London but the first Inn
preston in diplomatic circles
was that the proposal consti-
tuted essentially a propaganda
move. but one worth close
study. Nor was there any COM
ment from ofiicial French quar-
tiers after the Khrushchev let
ter was received In Paris and
relayed promptly to Premier
Charles de Gaulle at his coun-
try home, where he was SPEND
ing the week end.
Available United States
sources regarded the move as
propaganda.
Japan Plays Key Role
u. N. officials said Secretary
General Dag Hammarskjold
had not received any formal
Invitation and would not COM
meht. While the chiefs Of state
we're specifically invited by Mr..
Khrushchev. he only suggested
that Mr.. Hammarskjold attend.
The Soviet announcement
came as U.N. diplomats engaged
in busy "reminiscences efforts to
WORK out q compromise Security
Council resolution that would
make q way for the United
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-20

leadership is expected to be
friendly to the West while 1t
consolidates its position.
It is considered significant
here that the the Soviet Union
recognized the new government
as soon as word Of the coup
spread.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-20
US. Is Eager for U.N.
ke-Overin Lebanon
BY EARL n. vOSS
star star writer

The United States eager for swift expansion Of the
United Nations operations In Lebanon so that American
Marines and paratroopers be withdrawn.
Secretary Of State Dulles keeping In close touch with
Ambassador Henry Cabot Lodge United states Ambassador
70 the United Nations who Is trying TO bring that about
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-20
IraqI Breaks
Jordan Pact;
Oil 10 Flow

Iraq's revolutionary regime
disclosed yesterday II has end
ed Baghdad's six-month old
union with neiehboring Jordan.
At the same time IL Iraqi
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-20

United Nations, the statement
said. had a solution not been
vetoed by the sole negative
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-20
REACTION
CONTINUED From Flrst Page

Continued From First Page
highest level and Immediately
but the question is, under
what auspices. / suggest the
United Nations.
Better that old men talk
and negotiate than that young
men fight and die" Senator
Humphrey said.
Quick Acceptance Urged
Representative Anfuso. DEM
ocrat Of New York. telegraphed
Mr.. Eisenhower suggesting inn
mediate acceptance Of Russia's
proposal,
The United States statement
rejected Mr.. Khrushchev's
charge that American and Brit
ish troops we're In Lebanon and
Jordan as a result Of "aggres-
sion." 1t said "the issue before
the world" is the integrity and
independence Of two small,
friendly countries which had
asked for help and that the
response to this appeal created
no menace or danger to the
Soviet Union or to world peace"
The real Issue before the
world" the statement said. is
whether two small nations
can maintain their independ-
ence as against the indirect
aggression to which they are
being subjected"
This issue would have been
successfully met Friday at the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-20

Ambassador Henry Cabot Lod
20 the United Nations. who Is
U.N. headquarters In New
York.
The strategy at the moment
Is 10 help Japan draft q new
Security Council resolution for
bolstering the u.N. role In
Lebanon. The japanese hope
10 ind q formula the Soviet
Union would not actively OPP
pose.
II the Security Council move
by Japan Is blocked by q Soviet
veto. the United States expects
TO move Immediately for q spe-
cial session Of the General
Assembly. Secretary Dulles
probably would represent the
United States at such q session.
as Close Vote Expected
The administration now has
hopes that Q resolution salts
factorily expanding the u. N.
assignment in Lebanon can be
passed by the required two
thirds majority Of those voting.
But the vote Is expected to be
close.
The minimum required, In
the American view, Is u. N. as
surance to the Lebanese gov
eminent that its leaders are
not likely to be liquidated
either by q revolutionary move
ment financed from outside or
by an Iraq-type coup.
u. N. Secretary General Dag
Hammarskjold probably would
be given discretionary author
ity as to the numbers Of men
and types Of arms required for
such q u. N. mission.
Meanwhile. British Foreign
Secretary Selwyn Lloyd was to
end his three days Of talks In
Washington this evening. stop
briefly In New York to confer
with Britain's u. N. delegate,
Sir Pierson Dixon. and then ny
back to London.
Cautious on Iraq
During his conversations with
President Eisenhower and Sec
rotary Dulles here, it was
agreed that Turkey, Iran and
Pakistan should not take any
reckless action against Iraq's
new military junta.
They were In constant touch
with these Bashdad Pact pow
ers' leaders. but have not yet
treasured the Moslem states
that further moves against Iraq
are not called for at this time
Assassination of the Iraq,
leaders who were on intimate
terms with their Baghdad Pact
colleagues has caused q strong
emotional reaction among top
oficials In Turkey Iran and
Iraq.
But when the stakes are as
high as they are. British and
American ofhcials believe any
action taken ought to be worked
out carefully.
Mr.. Lloyd made 1t clear that
Britain does not regard its
landing Of troops in Jordan as
q matter to concern the United
Nations.
/. Situation Different In Jordan
= The u. N. had already
stepped into the Lebanese sit
nation with its observer group
before the United States acted.
In Jordan there has been no
overt civil disturbance and
there have been no United Me-
tons observers there. 81
The United Kingdom regards
its dispatch Of troops to Jordan
as comparable to Americas
stationing Of forces in many
nations around the world,
where no U. N. approval was
considered necessary.
British and American ON
Gals do not expect Iraq to
disrupt shipments Of oil to the
West. Alternate sources are
available in Kuwait. Abadan
and Bahrein. Their output
would merely be increased,
leaving Iraq the principal loser.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-14
Stocks Decline;
|Pre-Week-End
Caution Noted

NEW YORK. Mar. IA (R.--
The stock markets gains this
week were cut a bit in moderate
trading early this afternoon.
Key issues declined fractions
to around a point for the most
part. A few posted plus signs.
The decline was general. af-
fecting steels. motors. rails,
chemicals, oils and most air.
crafts. Utilities, after showing
an early bulge to the upside,
retreated mildly. Radio televi-
sions and distillers showed q
narrowly mixed price trend.
Some profit taking was in
order after the markets sus-
tanned rise of more than a
week. Pre-week-end caution
was apparent.
The news brought no relief
to the picture of recession.
Government reports forecast
Sizable eutbacks in spending
both by businessmen and con-
sumers this year.
The Associated Press average
of 60 stocks at noon was down
so cents to $163.50 with the
industrials down to 70 cents,
the rails down so cents and the
utilities down 10 cents.
Corporate bonds were mixed.
United States Governments
rose moderately.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-14
TRADE
WINDS
BY LOU SCHNEIDER

Men who back their opinions
with millions of dollars show
no apprehension about the bus
mess outlook for the second
half of the year.
Yes. they expect unpleasant
reading in corporate first
quarter financial reports, eau
tious statements by corporate
arrangements at the spring
flood of annual stakeholder
meetings. and even a continued
flow of dividend reductions.
But from intimate banking
friends they hear the odds are
against a spiraling downtrend
to depression levels. They hear
there will be a leveling out of
the recession over the next four
to six months. In other words,
there are signs Of sterilization.
To put it another way. the
major part Of the recession has
been passed. A fiat bottom will
be held for several months fol-
lowed by a recovery. The
will be slow but good.
not a fast thriller.
\ -
Canada also is in an economic
decline Opinion is that no real
upturn is likely as long as there
is a lack of export demand for
lumber. wood products and
metals. Right now there is a
world oversupply because Of a
worldwide easing in business
activity.
London reports worldwide
rush to buy gold. More than
5000 million of the monetary
metal has been taken for pri-
vate boarding in the last few
West Germans ac-
count for about half-having
sad knowledge of currency de-
probation. And American in
vestors are following the trend.
Not being able to own the metal
legally, they are buying Sc
curities Of gold mining COM
panies. It's partly due to re-
cession psychological fright,
being fully aware that the
United States will not increase
its S35-per-ounce fixed price.
But in foreign lands the boom
rides high, in gold bars and
coins. Most gold coins were
before the gold stand
ard was generally abandoned
n the early l930s. A United
States eagle $50, with about
SIS gold value. is priced at
$3.50 in West Germany. The
double eagle 1870 gold coin) is
priced at $42.
Consolidated News Features)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-14
RetoiI Buying
Rises Slightly
Nation

NEW YORK, Mar. IA (P.-
Retail trade improved this
week under the impetus of
early Easter buying. spanked by
warmer weather and new style
interest, Dun & Bradstreet Inc.
reported today.
Consumer buying was slightly
higher than a year ago. Re-
flecting abandonment of fair
trade policies by some man
ufacturers, sales Of small cleo
trical appliances maintained
their high level of the pre-
vious week, considerable higher
than a year ago.
Total retail sales in the week
ended Wednesday ranged from
l to 5 per cent higher than the
corresponding week in 1857. &C.
cording to spot estimates in
the survey.
Regional estimates varied
from their comparable year-ago
levels by the following per-
centageS:
Middle Atlantic, plus 7 to
plus IL;
South Atlantic, plus 8 to
plus Z;
New England and Mountain,
plus / to plus S;
Pacific, 0 to plus 4;
East North Central, minus
to plus Q;
West North Central. minus 2
to plus 2;
East South Central and West
South Central. minus l to plus
5.
Apparel recorders were higher.
with an apreciable rise for
women's spring coats and suits.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-14
BUSINESS
BRIEFS
Heavy Construction Contract

hCAVy OOuStIuCtAOu contract
awards for the week ended
Monday declined to 1913, 098, 900
from 1855, 141,000 the previous
week. The current weeks
total is made up of $120,S97,-
900 in private and $192.201 900
in public construction. This
total compared with $412,284,-
900 for the corresponding week
in Mountaineering News
Record.
Loans to Brokers and dealers
on other than United States
Government securities held by
member banks in New York
City totaled $1.248,00 900
Wednesday. an increase Of
$237 million from a week be-
fore and an increase of 1863
million from a year before
Federal Reserve Board.
Railroad Freight LOadings last
week totaled SAITH cars. This
total for the week ended March
70, was 9,472 cars on IL per
cent below the preceding
week, 12S,19O cars or 1911 per
cent below the same week in
1857 and l53.428 cars or % per
cent under the same week in
DISSATISFACTION of American
Railroads.
American exports in Janu-
airy totaled $1,510,900, 900, a
drop of 8 per cent from De-
cember and about 10 per cent
below January a year ago.
The total included about sos
million Of military shipments.
Commerce Department.
Western Maryland Railway
reports net income of SIPS, 900
for February compared with
$711,0O0 for the same month
of 1857. For the first two
months of 1858, net income
was $563,000 or II cents a
share, as compared with ST.
1874. 900 or $1.98 a share for the
like period last year.
KennecOtt Copper reports
1857 net income came to $79.-
Isl ,667, equal to $7.32 a share
of common stock, compared
with net Of $143,154.210 or
$12.23 a share in the record
year 1856. Sales were $780,
l99,520 against $576,067,252
the previous year.
International Paper earn
ings declined 10 per cent in
1887. while sales dipped 3 per
cent. Net profit was $78. 1897. 1871.
equal to $6.17 per common
share compared with the 1856
earnings of $50. 628,013 or $685.
a share, Sales of $940, 427,57l
compared with the record
1853, 1854 in 1856.
SeabOard Air Line Railroad
reports net income in 1857 to-
tailed 18,509, 148. equal to $685.
a common share. compared
with $20.145.391 or $4.20 a
share in 1856.
Other earnings:
For Six Months Ended Jan. 81
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-14
Benefits Of EosyMoney
Beqin to Aid Consumer

to the higher costs they had to
take on during the final days
Of tight money.
Finance companies are boz
rowing money much more
cheaply these days. They have
little trouble finding all they
need.
The supply Is rising from a
number of sources: /. The
negative one that business is
borrowing less and thus leav-
ing more for others; 2. The
added funds the Federal Re-
serve Board is letting the banks
have to lend: 3. The rise in
savings totals.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-14
Rombler Car Sales
Jump in 10 Duys

DETROIT. Mar. Is (R.
American Motors retailers sold
3.779 Rambler cars in the first
10 days Of March, the company
reported today. Sales in the
like 1857 period numbered 2.048
units.
For the model year (starting
october - to date Rambler
sales total 1899 cars against
31.l33 for the like period of
the 1857 model year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-14
BY SAM DAWSON
Associated Press Financial Writer

NEW YORK, Mar. IA (R.-
The consumer who borrows to
buy-either on the instalment
plan or in a lump sum from the
bank-may see little change so
far under the new easier money
policy. But as those who A.
nance his purchases find a
larger supply of credit to tap
at lower rates, the benefits are
beginning to trickle down to
the on-the-cuff man.
Easy money as counter-agent
to recession may have been
aimed primarily at making it
easier for the businessman and
the home builder to borrow.
But the huge role of consumer
in the economy and the stable
part that credit plays in to-
days family budgets throws a
spotlight on consumer loans.
Trend Watched
Their trend will be watched
closely in the next two months
by those charting the business
cycle.
Tight money for months APP
peared to have little effect on
the steady upward climb of
total consumer debt. Only con-
traction of the repaym e n t
period did much to brake it.
THE average purchaser pays
little attention to the amount
of the interest charge involved
in his instalment loan" says
the head Of one of the largest
finance companies. What he
looks at is the size of the
monthly payment in relation to
his paycheck."
But tight money caught UP
with the finance companies.
They have to borrow funds
needed to carry your time pur-
chaSeS, AS the supply of these
available funds shrank and the
interest costs climbed steadily,
finance companies raised the
charges for the funds they in
effect lend to the car dealer or
the appliance retailer to pay
the manufacturer while carry
ing on-the-cuf customers.
About this time competition
got so tough between dealers
and retailers that they absorbed
some of this rise and for awhile
let it squeeze profits. Last fall
they began to pass on new
costs along with higher prices
on their goods.
Instalment Debt Cut
In January consumers cut
their outstanding instalment
debt by 1868 million. Part of
this was seasonal, part the
shrinking of many incomes, but
V4ork a1,,Il Lo,,~ Aza~ ...~-A,z
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-14
CHICAGO GRAIN

CHICAGO. Mar. "a B.-Most grain
futures prices turned decidedly weak
today on the Board Of Trade after a
Even the old crop wheat contracts.
which have been consistently strong
during the bast several days OF re-
ports OF rapidly diminishing cash supply.
came under fairly liberal offerings and
those prices sagged along with nearly
all the others
New crop wheat and rye. the bread
grains, were the heaviest losers In the
early dealings Traders said commits
sion houses were among the sellers
and that the liduidation in wheat was
primarily the result Of the Senate
action yesterday on the bills to extend
all 1856 Government farm price sup
ports TO the 1858 crops.
Near the end Of the first hour wheat
was z TO "a cents bushel lower,
March2 .25sa: corn % to 50 lower.
March l51ss; oats "a lower. March
66]s; rye z to y lower, March 1854:
soybeans y TO 20 lower, March 322h;
and lard 3 to 10 cents a houndred
pounds higher. March 1857.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-14
NEW YORK COTTON

NEW YORK. Mar. IA B.-cotton
futures weakened during the late
erateiy' only scale down support was
In evidence with prices giving ground
readily on small volume
The New York Cotton Exchange
Service estimated domestic cotton con-
655, 600 bales. against 799.OOO in the
preceding fve-week period and $685.
900 for February 3-March a year
ago, Indicated consumption this sea
son for the 80 weeks, August 4-March
l. is 4.s3S000 bales against 5,26p.-
900 in the ~ weeks from July 20 10
Noon prices were. 80 cents 10 81 a
May $685., July 1881 and Oct 5000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-14

Hourly Sales on the gxehsnss
u ;O0 am 4Io 600 Noon 7eo 900
i;O0 ON oeo 600 200 ON 600 900
tUnit OF trading 10 shares OF sales
in full Rates OF dividends in the fore.
goinn table are annual disbursements
based IN the last quarterly or semi.
annual declaration Unless otherwise
noted. special or extra dividends are
not included Also extra or extras
b Annual rate plus stock dividend
Declared or paid in 1857 plus stock
dividend epeclared Or paid 50 far
this year Payable In stock durine
1857 estimated cash value on en-.
dividend OF ex-distribution date Paid
last wear b Declared OF paid after
or paid this year, an accumulaLive
Issue with dividends In arrears D Paid
this year dividend omitted, deferred or
no action taken at last dividend meet
Ing rDeclared or paid in 1857 plus
stock dividend Payable In stock
durine u bS estimated cash value on
ex-dividend or redistribution date
' Liquidatins dividend cid Called TEx
dividend x-dis Elk distribution xr II
right XIV without warrants WV With
warrants wd When distributed vi
When issued nd Next day delivery sIn
bankruptcy or receivership or being
reorganized under the Bankruptcy Act.
o. securities assumed BY guch compGnie,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-14
METAL PRICES

NEW YORK. Mar. IA P.-Spot
metal prices today: Copper 23-c5
cents a pound. Connecticut valley.
Lead 13 cents a pound. New York
Zinc 10 cents a pound, East st. Louis
Tin 95 cents a hound, New York
Foreien silver S.Sss cents per troy
ounce, New York. Pittsburgh scrap
steel No. heavy 81 00-3S 90
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-14
COD-LOT DEALINGS

NEW YORK, Mar. IL R. - The
New York Stock Exchange reported
today these odd lot transactions BY
chases Of o40,6s7 shares: sales Of
22n.es3 shares including 4.03l shares
sold short.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-14
DIVIDENDS

NEW YORK, Mar. IA B.-Dividends
announced:
Stock
Pc Stk. of Pay
Rate. Rod. record able
Clinton Trust Ny S-3S ale
zone share. for each - held.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-14

SUMMARY OF OPERATIONS
Premiums and annuity
considerations s4.99o.77o.77
Considerations for sup
Elementary contracts l39,952lS
Net investment income
and capital gains 4s4,5ss.97
other income -- 44.77l "a
Total So. O62, 0s3. 90
Death Dement'S and ma
tured ENDORSEMENTS o93.961 90
Other payments to pol
lcyholders 7s1,945.s4
other payments and de-
auctions from income 1850. $50 "a
Total s5.e3s,776g "a
Net gain from opera
tions before dividends
to policyholders 123.307 .02
Dividends to policvhold-
ers 10s,l46.l4
Net gain from opera
tions after dividends
to policyholders S15,160.Ss
Amount of ordinary
business written dur
ing the year S54, 765 ,969 90
PHIL J SCHWANZ. President.
DONALD B GRLsSOM, Secretary.
Subscribed md sworn to before me
this 20th day OF February. 1858.
tSeal) ROSLYN Older,
Notary Public.
My commission expires July Is, 1860.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-14
STATEMENT OF THE CONDITION
OF THE
New England Mutual
Life Insurance Company

sol Boylston Street. Of Boston, Mass.
on the 3lst day Of December 1857.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-14

STATEMENT OF THE CONDITION
OF THE
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-14
MTDWESTERN UNITED LIFE
INSURANCE COMPANY

40 West Berry Street. Of Fort Wayne
Indiana. on the 31st day Of December,
1887.