davidaulloa/AmericanStories huggingface dataset:
Diario las Américas., 1958-04-30

WASHINGTON, abril % UP)
-Estados Unidos anuncio un plan
radicalmente nuevo, para ayudar a
las naciones latinoamericanas pro-
ductoras de minerales, al mismo
tempo que a la industrial minera
nacional.
Ell plan fue sometido a la consi-
deraci6n del Congreso por ell Sc
cretario del Interior, Fred Seaton,
quien propuso un programa quin-
cenal de apoyo de los precios del
cobre, ell plomo Ell zinc, ell feldes-
patio de alta ley y Ell tugsteno. Ell
desarrollo del programa costaria
a Estados Unidos 161.000.000 de
dolares al ano.
Las autoridades indican que es-
lie paso constituye la primera me-
dida, deStinada a llevar a la reali-
dad la nueva orientacion de la po-
Utica economical extranjera, anun-
ciada reeientemente por ell Secre-
tarl0 de EStado John roster Du-
lies. La medida representa- un cam
bio basico en- la actitud del gobier-
no a apoyar los precios.
Segun los informantes, Dulles
logro persuadir al gobierno de
que 81 no Sc tomaban medals ur-
gentes, para estabilizar ell merca-
do de metales, Chile, Bolivia, Me-
xico y Peru Sc verian frente a una
seria crisis economical.
Ell anuncio de Seaton tiene por
objeto contrarrestar la creciente
preston parlamentaria, para que Sc
apliquen derechos de Importation
a los metales extranjeros, con ell
prop6sito de proteger a la indus
tria minera nacional, que esta en-
Diario las Américas., 1958-04-30

precio nacional de cada mineral
y i'm precio de e5tabilizacion que
Sc calcularia. Los precios de estabi-
lizacion y los limites anuales pro-
puestos serian:
Cobre, 27 IL centavos por libra,
- Wentinda en- Ia Pagina 81 -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04
CHICAGO
LIVESTOCK

Hogs $500: slow and uneven; mostly
rs lower on butchers instances as
much as so lower; sows uneven; weak
to 25 lower; 2-3 190-225 ID butchers
early to ss75; is and ''f few small 1s 'h lots
IS as low as 2200; several lots 1-2
195-22O lbs 22.75-23.O 90; a few small
lots mostly Is these weights $500
1925; around so head at 1925; such
sPsss 'casE S ae6ssc s2 bs q LBS Us
2175; few lots So 29O-31O lbs 2O75-
81 .25: mixed grade 4OO-475 Id sows
17.75-1S.75; most 325-375 lbs 1900
1000; q few down to 800 lbs as high
as .20.50; most 500-550 lbs 1900
Cattle, $4,000: calves. 200; slaughter
steers slow; steady to fully so lower.
choice LOO lbs. up mostly so lower
than Tuesday and so to 90 under
Monday; heifers steady to so lower;
higher; Bulls fully steady: good and
lower srades fully steady: stoekers
and feeders steady to so lower: prime
l,125-1, 400 ID. steers 81 .00-32.75:
high choice and mixed choice and
prime 29.5O-3O.5O: bulk choice steers
all weights 27.25-29. 90; good and low
ard 22.O0:24;5O; choice and prime
choice 27.00SSs,00: GOOD s4.56-se. %;
commercial and standard 20.5O-23. 90;
utility 19.00-2l 90; Gamers. and cut
ters ls,0OSle ss5Oi utility Utility and CONNER;
Choice 9uS yesieTs so6-Bs o 90 S0Su f fe%
choice and prime 1900; a few light
culls as low as 1900; several good
and low choice S0O-95O ID. feeding
steers 26.50-27.00.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04
Byrd Standing Firm
Against Any Tax Cut

ingness to cosponsor this repeal
amendment. But some of them
stated their positions before
President Eisenhower came out
against tax revision at this
time, and Senator Smathers
conceded some of the 46 may
have changed their minds. For
that reason, no attempt was
made to list all of cosponsors
of the amendment.
Douglas Lists Witnesses
Senator Douglas has been
advocating some reduction in
the income tax on wage
earners, as we'll as cuts in
excise taxes. He gave Senator
Byrd a list of witnesses he
wants called If the Finance
Committee holds public hear
ings.
Senator Byrd said he would
present the Douglas request
for hearings to the Finance
Committee after the House
acts.
In support of his moratorium
idea, Senator Cotton predicted
it would start the ball rolling
toward recovery from the cur
rent business slump without
embarking on a permanent,
long-term reduction Of reve-
nues.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04
YOUR
MONEYS WORTH

~ SYLVIA PORTER

fears the proportion Of equip
ment at least 20 years old may
be at a new high too.
Its bad news" insists Mr..
Ashburn. Were developing q
dangerous drift toward deteri-
grafton of our industrial equip
ment. 1t should make every
sensible observer shudder."
Why is this so-in a country
famous for its devotion to mod
ern machines, respected for its
industrial might2
1t has happened because dur
ing all these years, industry has
been concentrating on out
right expansion Of plants-on
building enough new factories
to produce all the goods we
have wanted to buy. In many
instances. industries have
bought secondhand equipment
because new machines weren't
available.
What could give them the in
centive? What could hasten a
new upturn in capital goods
spending which would create
jobs, spur recovery?
To the American Machinist' s
editors and to many other seri-
GUS experts. the answer lies in
a move by Congress to liberalize
the tax rules governing depre-
citation. They figure If the tax
burden were eased for a spe-
ciflc period investments in new
machines would soar in that
period and our whole economy
would pull itself up from the
floor.
But the Governments deci-
sion apparently is nothing on
taxes" So, I guess it's up to
industry itself to grab the ini-
tiative.
Distributed, 1858 by the Hall syndi-
cate, Inc. AL Rights Reserved
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04
Office Service
Firm toMove

General ONCE Service, Inc,
will move its Office and plant
to 1885 New York avenue NE.
around June is, it was an
nounced today.
New quarters will have
around 10000 square feet of
floor space and will permit
consolidation of all mailing and
printing facilities in one loca-
ton. Truck loading docks and
storage space will provide for
skid handling of large national
mailings. Ample parking space
will be available.
The firm was started in 1924
by Mr.. and Mrs. William j.
Meyer. ST., and moved to its
present location at SGT Sixth
street NV. in 1929. That prop
erty will be disposed Of.
Officers include William j.
Meyer, ST., president; William
]. Meyer. jr., vice president and
secretary; Gratian J. Meyer,
vice president and sales man.
ager, and Mary P. Meyer, treas
urer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04
Bank Investments Rise,
Outstanding Loans OF

Investments Of 10 reserve
member banks Of Washington
amounted to $507. 4l5.000 on
May %, an increase Of $4,623,-
900 from a week eaIlier and
39,412.000 ahead of the cor
responding 1857 date, the Fed
|eral Reserve Bank Of Richmond
reported today.
The latest figure was $751;
006,000 above last January l
when the total was $455, 409, 900.
With gains in commercial
loans more than Offset else
where, net outstanding loans of
$532, Asst 900 on May % were
down $801,000 from a week
earlier, but $4,878,0o0 above a
year earlier.
Commercial loans of $685.
255,000 were up $2,366, 900 in
the week and $7,159,000 above
the like 1857 date. Real estate
loans of $685. million were
off $1,439, 900 in the week, but
$7,831,0 ahead Of a year ago.
Other loans of $142,103, 900
were $1,704,00 behind a week
earlier, but $4,000 above a
year ago.
Demand and time deposits
totaled $1,245,236, a decline
of $15,384,000 in the week, but
$50, 422, 900 above the like 1857
date. Demand deposits were
$8,512,000 above a year ago
while time deposits were up
SAB, 910, 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04
Gas Earnings
Nearly Double

April net income of the
Washington Gas Light Co.
advanced IS per cent over
April, 1857, showing $l,1e7,4 76
against SSH. 616, due mainly to
the colder weather. President
Everett j. Boothby said.
Improved earnings brought
about by the colder weather
are welcomed and sorely
needed, but over a longer pc
Rod the weather has q way OF
averaging out" Mr.. Boothby
asserted.
Net income for the first four
months Of 1858 aggregated
SIS. $4,000 against $4,7l9,479
for the corresponding 1857
period.
Gas sales totaled 46,557, al
therms, an increase of 11,159,-
474 over April, 1857. On April,
80, there were 36s,413 meters
in service, an increase of 1882
for the year ending that date.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04
Fruntz Is Elected
President by
DC. Accountants

Frank C. Frantz is the new
president Of the District of Co
lumbia Institute OF Certified
Public Accountants.
This was announced today by
the board Of governors, who
listed these other new officers
also:
Paul Lambert. jr., vice pres
ident; Roscoe L. Egger, jr.. sec
rotary. and S. Winston Little,
treasurer.
New members elected to the
board of governors for a three
year term are: Seymour A.
Kaufman, Mr.. Little, Joseph K.
Meyer and E. Franklin Odor.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04
windsor Park Hotel
Sold to Hotel Group

Frank j. Luchs. executive
vice president of Shannon g.
Luchs, today announced the
Windsor Park Hotel at 1900
Connecticut avenue NV. has
been sold for more than 50
million to a group of Wash
ington businessmen.
Bernard Bralove, Richard
Willis, owner of the Brighton
Hotel, and Stafford S. Fletcher,
owner Of the Claridge. Ma
tional and Presidential Hotels,
are the new owners. The SELL
ers were the Washington in
vestors, DR.. John H. Solomon
and Stewart Bainum.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04
BY J. A. OLEARY
Star stan Writer

Chairman Byrd Of the
Senate Finance Committee is
standing firmly against any
tax reduction despite signs of
growing sentiment in the
Senate for scaling down some
excise rates.
I'm standing by the House
bill" said Senator Byrd, re-
ferring to the straight one-year
extension of corporate and
excise rates approved recently
by the House Ways and Means
Committee.
The straight extension bill,
favored by the administration,
is slated for House action to-
morrow. If the House passes it.
without amendment. indica-
tions are a majority of the
Senate Finance Committee also
hold the line against tax cut
ting amendments.
Floor Fight Likely
But regardless of what hap
pens in committee. a fight on
the floor Of the Senate for
some tax reduction appears in
evitable. DEVELOPMENTS in this
direction yesterday include:
l. Senator Cotton, Republic
can Of New Hampshire, of
fered an amendment calling for
a moratorium on retailers and
manufacturers excise taxes
from July l to December 81
as means of stimulating con-
sumner buying.
, 2. Senator Douglas, Democrat
of Illinois, petitioned Senator
Byrd for public hearings on
the ACCESSIBILITY of a general
tax cut before the extension bill
is reported from the finance
Committee.
/ 8. Senator Magnuson of
Washington and Smathers of
Florida. both Democrats, Joined
to call for repeal of the 10 per
cent passenger transportation
tax and the 8 per cent freight
tax on transportation of prop
erty by railroads and other
common carriers.
\ Effect of Transport Study
4 Senator Magnuson is chair
man of the Interstate and For
eign Commerce Commute. A
subcommittee headed by Sen
ator Smathers recently con-
Quoted hearing into problems
confronting the transportation
industry. Senator Smathers
told the Senate he was directed
by the full committee to offer
the transportation tax repeal
amendment.
Repeal Of the taxes on pas
sengers and freight apparently
has more support in the Senate
than any other tax revision
proposal.
Senator Smathers said As
Senators-only 3 fewer than
an absolute majority-reently
indicated to him their will
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04

All over the country, you see
the new plants. the new fac
tories which have sprung up
since World War II. You I'M
derstandably conclude that
America has built itself a shin
ingly new industrial face in the
past 10 years.
Yet within these plants today
more OF the equipment for pro-
duction is over-age and obso-
lete in design than ever before.
On every side you hear in
dustrialists argue that before
pNces can be cut production
costs must be reduced and out
put per worker productivity
must be increased.
Yet these same industrialists
have slashed to the lowest level
in two decades their buying of
new, up-to-date machines that
would unquestionably cut pro-
duction costs and increase
workers productivity.
Again and again Govern
ment policy-makers emphasize
that a fundamental force be-
hind the 1957-58 recession has
been the slackening in indus
try's spending for new plants
and equipment.
And while these policy-mak-
ers admit that it's unreasonable
to expect a company with a lot
of excess plant capacity to
pour more millions into new
plants now, they argue that
modernization of old plants
would be sound for the COM
panies and stimulate the econ
omy as a whole. Repeatedly
they urge businessmen to spend
money for new, cost-cutting
tools.
Yet not a single positive move
has been made to spur this
modernization. New orders for
production equipment are now
running at only $40 million to
$28 million a month against
over $3.50 million a month at
the end of 1855.
Our Woodworking industries
are the heart of our industrial
economy, account for 80 per
cent OF all the goods and serv-
ices America turns out. The
Industries include all the COM
panies making products out OF
metal.
Since 1925, the American
Machinist. bible" of these in
dustrieS, has been periodicals.
taking a census of the age OF
the equipment the companle,
use. Its new census, the first
since 1858, and the eighth ir
the series. was begun January
/. The survey will be completed
around Labor Day and the re.
suits are scheduled for an.
nouncement November II.
Already we have enough re.
turns to predict that the 1876;
census will show almost three.
quarters Of the equipment bein,
used is at least 10 years old
an all-tirne high" revealed An.
derSon Ashburn, managing edi,
tor Of the publication, when
queried him on this.
In 1858, the proportion o
machinery in the 10-year-and
over class was Sc per cent. TIL,
record peak was 70 per cent il
1910, after the decade of tn
stagnant, depression '30s. "I
seems sure that the figure vii
top II per cent this Novem
her," said Mr.. Ashubrn, and h,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04
FOREIGN EXCH'GE

NEW YORK, June Gn,-ForeiVn
exchange rates, Great Britain in
dollars others in cents unchanged
unless otherwise noted.
Canadian dollar in New York open
market 3 27/32 per cent premium or
los. s4sa U. s. cents on 1/16.
Europe - Great Britain (pound)
S2.s1 81 I32, OF 1899; 30-day futures.
$50 1882. Of 1882. 9O-day futures.
2.79 "a; Belgium tfranel. 200 y:
France (franc). % "a Of q cent;
Germany CWesternl (Deutsche mark.
23,s7; Holland. (Guilderl, &c, 81 IA.
cent; Portugal 1escudoJ $50; Sweden
lkronO, 1884, Switzerland nrancl
(Free), 1894; Denmark (krone), 14.5O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04

the first Of the year, the rumor
crop seems to have grown
lately. At least three more are
being listed as possibilities.
The speakers list is not as
impressive as in some past con-
ventions, but lively talk about
merger possibilities will occupy
much attention.
Some $40 bankers and their
guests will attend the opening
business session at the Home
stead tomorrow morning. Frank
A. Gunther, association presi-
dent and executive vice preSl-
dent of Security Bank, will
deliver his annual report.
Clayton E. Doing Of Ameri-
can Security a. Trust Co., re-
firing president Of Washington
Chapter, American Institute of
Banking, will review the years
activities of the chapter, which
is supported by the bankers.
Frank w. Lovejoy, special rep
resentative Of Socony Mobil
Oil Co., also will speak.
Addison to Attend
Francis G.. Addison. jr.. pres
ident of Security Bank. will at
tend this years convention to
maintain his record of not
missing a single convention
Known as a Washington civic
leader as well as an outStand-
ing banker, Mr.. Addison is the
only one to have this distinc-
ton.
Albert s. Galley, vice presi-
dent Of Lincoln National Bank,
who also shared this distinction
for many years, will remain
home for the fourth year in a
row because of i'll health. How
ever, he is slated to be elected
association secretary for his
46th term.
Around 100 bankers and
guests will board special train
Of the Chesapeake g. Ohio
Railway at Union Station this
afternoon and about 2l5 will
be motoring.
James P. Benfer, jr., execu-
tive vice president Of Lincoln
National Bank. is general chair
man for this years convention,
Eldridge Kendrick, the asso-
cations paid secretary, will be
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04
BNA Names Stewart
Executive Editor

EAOUuIIVCE LUAVUI
John D. Stewart. vice presi-
dent and a director of the Bu-
reau of National Affairs, has
been named to the new post
Of executive editor. He will
edit all of BNA'S 10 reports.
A resident of Arlington and
a native of Pennsylvania, Mr..
Stewart graduated from
Princeton and Joined BNA in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04
Iced Price Reduced

NEW YORK. June 4 (P.-
American Smelling g. Refining
Co. yesterday reduced its price
for lead by u cent to IL cents
a pound. The cut was quickly
matched by st. Joseph Lead
Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04
'3 m BUSINESS
Bank Merger Rumors
To EnIiven Sessions
BY DONALD b. HADLEY
star Financial Writer

Rumors about possible bank mergers probably will make
the 10th annual convention Of the District Association
which opens tomorrow at Hot Springs Va Of the most
interesting record.
With Washingtons fourth stable bank merger Just
Of the way repeatedly proposed unsuccessful since
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04
J. b. Gildenhorn Of SEC
Enters Law Firm

Joseph B. Gildenhorn, at
torney in the Office Of the gen.
eral counsel of the Securities
and Exchange Commission, has
become a partner in the law
firm of Miller, Brown g.
Gildenhorn at 1911 K street
NV.
A native of Washington, Mr..
Gildenhorn is a graduate of
the University of Maryland and
the Yale Law School.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04

1899. Mr.. Stewards assump-
ton Of new duties will free
President Dean Dinwoodey to
devote full time to matters
pertaining to growth and ex-
pansion of the business, the
announcement said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04
Mehrbach Heads Agencies
OF Variable Annuity

Albert Mehrbach, r.. has
been named field vice president
of Variable Annuity Life In
surance Co. and will direct de-
velopment of agency forces
and production of variable an
nuity business.
Mr.. Mehrbach formerly was
with Franklin Life as divi-
sional manager in Massachu-
sets and resident vice presi-
dent in New England.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-04

one Of the busiest men at the
four-day meeting. which will
close Saturday night with the
annual family dinner. The
bankers expect to return home
Sunday.
Kodiak mirror., 1958-01-11
Gxzk9 ! 6SCBEEN
NI.0lItIl |N0 . Today

Good Morning Miss Dove a movie from the novel that first appeared in the Ladies Home Journal and the Readers Digest, which stars Jenifer Jones.
 This is heart tugging story of 2 lifetime of joys and sorrows in the lives of a group of people.
 Sundey and Monday
 Walt Disney's The Great Loco motive chase', produced h Cine maScope and photographed in Color, is the vivd 'draMatisatfoa of
Kodiak mirror., 1958-01-11

Y W 'Is and his climb to the top m inc boxing ring, are brought. to. the screen in moving story Of success despite obstacles. Paul Newman and Pier Angeli --5--- starring roles.
 Thursday and Friday
 Turning back the hands of time to the year 1916, and the rebellious strife that tore Mexico apart with world Shattering events that made the nations headlines, is Ban didO". Starring is Robert Mitchum and co-starring Ursula Thiess and Gilbert Roland This is action packed historical drama, in Cine maScope and Color.
Kodiak mirror., 1958-01-11
Thursday and Friday
NOTICE

The M0ntmartre Inn will be open Sunday afternoons. Special Family dinners will be served.
Kodiak mirror., 1958-01-11
AF RS Tv Schedule

! AIRS Tv||. Schedule .a Today 4'NA-Rose Bowl Game 7.oo--university oos;---l You Are There sst-Gzark Jubilee o.a',--Adventure 1'h-People Are Funny 15c-W Western Marshall o;ol-Caesars Hour
 sao-Colgate Comedy Io''o-Gale Storm Iu'aD-To Tell The Truth I:o0-Price Right
 Sunday 1:C0-Football
 4'5o-Road To The. Stars o'OO-Get Set Go No. 2 6:00-Circus Time o;3O-Dennis Day EOO-Disneyland 8:OO-Steve Allen 9:OO-This Is The Life 9:30lPanic lD:OO-I Love Lucy lo:tolCamera Three il:OO-HighWay Patrol
 Monday ? 3O-Roy Rogers 6:OO-Jack Benny 6:3O-Life Of Riley EOO1Views & Interviews (live) 7:30L LBlondie BOO Four Star Playhouse 8:301Medical Horizons 9'O01Liberace 9:301Big Beat 1O:O01What's My Line 10:30A Command Performance
 Tuesday 5:30-Polka Time 6:00AZane Grey 6:3O-Tenn. Ernie Ford 700 December Bride 7:30l Red Skelton 8.O0-Your Hit Parade 8:3O Studio One 9:30- Dangerous Assignment 10:OO- -Cavalcade of America 10:3Q-Tcd Mack
 Wednesday 5:3O-ZoO Parade 6:O0-Great Gildersleeve 6:3eJoe Palooka 7:O0-This Is Your Life 7:30-Kodiak Outdoor Club iliyel BOO Telephone Time 8:3O-Frankie Laine 9:OO-Spike Jones 9:30- Captured L0:OO-Yop Bet Your Life lO:3O-Kfaft
 Thursday 5:3O-Mr. Wizard ' 500 Treasure Hunt 6:3O1Lassie 700 Hallmark Hall of Fame Victory At Sea OOBnrns & Allen 9:3O1The Falcon 0:0OLTV Concert Time O:3O1C1imax
 Friday 5:3O-Patti Page 5:45-IO.P. 600 -Hopalong Cassidy 6;3O-C Crunch & Des 7:00lOur Miss Brooks 7:30-U.S. Steel 8:30- Big Picture 9:001 Talent Scouts 9:30-Lets Take A Trip 0;00- pumont Boxing LOO Sherlock Holmes All programs are subject to hange without advanced notice.
Kodiak mirror., 1958-01-11

one of the most famous and nnl usual cases in the annals Of es. pionage and battle the daring Andrews raid of 1862.
 On the same billing, is one of the most exciting tales, also from Disney's studios+the epic story of the combined operations of the United States Coast Guard and the US. Navy's fcebreahers West wind" and "Eastwind'', of their journey into the far north 0per- ationa center of Thule, Green land. In Color and in Cinema Scope
 Tuesday and "Wednesday
 Somebody Up There Likes Me-" the true story of Rocky Graziano, and based on his auto biography, is the next showing. Filmed by MGM studios, Graz iano's career, from his boyhood