davidaulloa/AmericanStories huggingface dataset:
Evening star., 1958-07-15
CHICAGO
LIVESTOCK

CHICAGO, July 15 tP.-(UsDAl-
Hoss $500; slow; 25 to so lower on
butchers; most decline on weights over
23O lbs; SowS uneven; mostly 25 lower,
few butchers under 200 lbs in receipts;
nothing such as sold for 1896 on Mon.
day: most hogs sold on shipping ac-
count; 2-3 200-270 lb butchers % 25-
22.15; mainly 22.50 and above on 300
SSo sSo s; lss; several lots s. la d5 mostly IL
Is these weights also $500; . small
22,25: mixed grade 1S0-195 lbs II So
22.25; mixed grade 400-500 ID sowi
lS.5o-19. 30; most 325-375 lbs 1875
20.75; limited volume down to 275 lbs
as high as 21.50 small volume 500
$50 lbs 1S.00-1S.5O.
Cattle 1000: calves 200: slaughter
steers fairly active and mostly steady
except good steers over LOO lbs
closing slow and barely steady to %
lower; heifers fairly active; steady;
cows steady to weak; bulls moderately
active; frm: vealers, stockers and
feeders steady; few loads choice to
2S:S5-20.O0: 2 loads prime 1,106 lbs
high choice 25.50-2S 90; some stand
ard and low good grades 23.50-25, 90;
a load prime 300 ID heifers $500;
several loads mixed choice and prime
2? .25-27 80; bulk good and choice
24.5O-27.00; utility and commercial
COWS 1S.O0-21 90: Gamers and cut
ters l6.50-IS.50: utility and COM
mercial bulls 23.50-25. 90; good and
choice vealers 2S.00-3I 90; culls down
to 100; q load good and low choice
900 10 yearling stock steers 27.75.
Evening star., 1958-07-15
Real Estate Activity
and Financing Expands

Real estate activity and first
mortgage financing in the Dis
trict of Columbia we're well
ahead of a year ago in June,
reported Justin flinders, execu-
tive vice president of the WASH
ington Real Estate Board,
today.
New deeds or property trans
fers totaled 1889 in the month,
compared with 1909 in the pre-
vious month and 1912 in June
la st year. In the first six
months of this year, deeds
numbered 6,935. compared with
1904 in the same 1857 period
New first mortgages recorded
in the District numbered 1866
in June and amounted to $15,-
.849, TAO, compared with 761 for
$14,830,617 in the previou 8
month and 875 for $13.345,11e
in June last year.
In the first six months Of
this year. first mortgages to-
tailed 5,204 and amounted to
$89, ,968,974. compared with
5,035 for $77.O82,556 in the
same 1857 months.
June foreclosures increased
to lis from 70 in the previous
month and 40 in June of last
year. Foreclosures totaled 4S4
in six months, compared with
349 a year earlier.
Evening star., 1958-07-15
6E Reports
DrOpin Net
And Sales

NEW YORK. July is tR.-
General Electric Co. yesterday
reported sales and earnings in
the second quarter Of 1853 Inn
proved over the FIRST quarter,
but declined from the second
quarter of 1857.
Earnings of $54,197,000, or
So cents a share, were down is
per cent from net income of
s6S.S17. 900, or "A cents a share,
in the second quarter OF 1857,
while sales declined S per cent
to $l.014.028,000 from $1,O72,-
400. 900. Earnings in the sec
ond quarter this year were up
10 per cent over the first quar-
ter, while sales were up 5 per
cent.
For the six months ended
June 80. the company earned
$103, ,381 900. equal to $l.1S a
share, on sales of S1,978, ,994, :
900. In the first half Of 1857,
GE sold $2.121.310,000 worth of
goods and had profits Of $127,-
1923, 900 or $l.47 a share.
Evening star., 1958-07-15
''s', 3 BUSINESS
Davis Group Opposes
LincoIn-Riggs Merger
BY DONALD b. HADLEY
star Financial Editor

Floyd E. Davis chairman OF the board and executive
committee Of the Lincoln National Bank win oppose pro-
posed merger of Lincoln with Riggs National Bank
His opposition to the merger which was approved by
directors Of both banks week. announced in letter
y Lincoln stockholders yesterday.
In of the substantial holdings of LINCOLN stock by
Evening star., 1958-07-15

Shreve, officers include Horace
E. Brown, honorary vice presi-
dent; George E. Walker. execu-
tive vice president and trust
officer; Elvin S. Robey, vice
president and cashier; Roy E,
Conner, assistant vice presi-
dent; Hazel s. Reinier, assist
ant vice president and assist
ant trust officer; Mildred T.
Yost. assistant cashier.
The new 1859 line of Hotpoint
television will be shown by the
Hotpoint Co. to dealers at the
Potomac Room of the Marriott
Motor Hotel near the Four
teenth Street Bridge on u. S.
Route No. / on Monday and
Tuesday. Oficials said more
than $1,000 worth of door prizes
will be awarded during the pre-
view.
Some 900 persons are expect
ed at the annual picnic of en-
ployes Of Suburban Trust Co.
and their guests on Saturday
at Bay Ridge Beach. Bay Ridge.
Md. William G. Norris, assist
ant treasurer and manager of
the Queens Chapel Office, is
chairman of the committee on
arrangements.
Evening star., 1958-07-15
PEPCO Sets Record
OF Million KiIowutts

The use of air conditioning,
fans and other cooling equip
'ment has contributed material
ly to the Potomac Electric
Power Co. setting a new peak
of / million kilowatts fol
its system officials said today.
This was reached at 2.27 pm
Friday and exceeds the prior
record of 965,OO0 kilowatts, re-
corded June Is, 1857.
With additional hot weather
this summer, the l million
mark may be topped, officials
said.
Evening star., 1958-07-15

ly. Stockholders viii vote either
In person or by proxy.
Riggs Sends Letter
President Hubert T. Bisselle
of Riggs National Bank said q
letter win go out to share
holders tonight. But he de-
.clined to divulge its contents
prior to the time it is received
by shareholders.
Il am unalterably opposed to
the proposed consolidation, "
said Mr.. Davis in his letter to
stockholders. Il feel that Lin
coin National Bank has served
a very useful purpose in the
community and its operations
have benefited its stockholders,
officers and employees.
II am Of the opinion that the
Lincoln National Bank, under
aggressive leadership, will con-
tinue to provide a unique and
unequaled service to it's GUS
toners and the public gen.
orally. and will continue to be
beneficial to its stockholders,
officers and employees"
Mr.. Davis pointed out that
he has been a stockholder OF
Lincoln since 1899 and served
as a director and as president
before becoming chairman OF
the board and the executive
committee.
Because of my deep pride In
our fine institution it is my
wish and desire that the Lin
coin National Bank be pre-
served as an independent f.
nancial institution" he empha-
sized Mr.. Davis advised stock
holders he would be willing to
discuss the matter further
with them.
Evening star., 1958-07-15
FOREIGN EXCH'GE

NEW YORK. July Is R.-Foreisn
exchange rates, Great Britain in dol
lars, others in cents (unchanged un-
Canadian dollar in New York omen
market A. per cent premium OF
104 .IS9l United States cents up IA.
Europe: Great Britain (pound)
So. .S0is. 30-day futures 2.79 1892,
OF 3L32;: 60-dsy futures 27a 1872,
Of 3/32; 90-day futures 2.7Sh, of
ia; Belgium (francl 2.OOss, up .00Ia:
France 0rancl 1914 Of a cent: Ger
many WESTERN tDeutsche mark
.0l: Italy (lira .16h Of a cent: Por-
tugal (escudo) $50: Sweden tkrona)
1894; Switzerland franc Qreel
% "a: Denmark (kroneD 1880.
o.35: Brazil tfreel .76 Of cent;
Mexico Sol: Venezuela tbolivar)
Far East: Hong Kong dollar 1880.
Evening star., 1958-07-15
Falls Church Bank Has
Another Good Year

The Falls Church Bank had
another very good year and as
sets on June 2s, date of the
recent bank call, amounted to
$18,547,119, compared with
$17,605,019 on June 6 last, re-
ported President Carroll v.
Shreve at the annual stock
holders meeting Saturday.
With more than 80 per cent
of the capital stock represent
ed in person or by proxy, all
officers and directors were re-
elected. Directors declared a
regular semi-annual dividend
of SO a share to stockholders
of record June 10.
In addition to President
Evening star., 1958-07-15

nOticeably between April anC
May.
t3) Liabilities Of business
failures: Down sharply between
April and May. probably con.
tinuing down.
a. Contract awards for resi-
dental construction: up sharply
since early spring to an annual
rate Of over a million houses
now.
Contract-Awards Gain
90 Contract awards for nom
residential construction: Up too
Co Spot market price index
Of % basic commodities: Up
with raw materials prices show
ing largest increases since late
April.
(7) Average number of hours
worked per week in manufac-
turing: Up more than season
ally between April and May
and up really sharply in June
(S) Average of stock prices:
Up considerably this year.
The eight indicators I have
listed were selected by the Ma
tional Bureau out of more than
800 statistical series because
they usually have anticipated
major economic changes. And
while a month or two's upturn
in the eight doesn't guarantee
a. turn, the fact that all eight
are moving together can't be
shrugged OF.
Assuming this is net a false
trend and barring an unfore-
seen world or domestic up
heaval, the indicators are tele-
graphing the message that the
upturn is on the way.
distributed 1853 by The Hall syndicate
Inc. All Rights Reserved)
Evening star., 1958-07-15

VII. Davis ana his family, pro-
ponents Of the merger may facC
qflculties in mastering votel
represent the necessary two.
1irds Of the stock for merger
Davis Group Holds s2%
The Davis family owns about
81 per cent of Lincoln's out
Standing 10000 shares. it is re-
lably reported. This is about
t2,800 shares. Observers point
en out it would take less than
800 additional shares to block
the proposed merger.
One share more than 33h
per cent of the shares present
and voting-if cast in opposi-
ton TO the proposed merger,
gould block it. observers said.
This is the law.
While no date has yet been
get for the special meeting OF
Lincoln shareholders. it is an
ticipated that a date early in
September will be arranged for
the gathering.
A proxy letter to .stockhold-
ers is expected to go out short
Evening star., 1958-07-15
Baltimore to Get
Sheraton Motel

BALTIMORE. July is (P.--
Sheraton Corp. Of America
will operate a new 150-room
"Wayside Inn" under an agree
ment with Johns Hopkins Hos
pital and Johns Hopkins Uni
versity.
Ernest Henderson, president
of the Nationwide hotel
chain, said the hostelry will
be built to Sheraton specifica-
tions and operated under q
long term lease. Completion
is scheduled for early 1860.
The inn will be located in
the city's 40-acre broadway
urban renewal area.
Evening star., 1958-07-15
I MUTUAL FUNDS

NEW YORK, JHly IS pPi.-NatisnaI Asss.
eiaton Of Securities Dealers, Inc.
Evening star., 1958-07-15
Dividend increased

NEW YORK. July is (R.--
Directors of Reichhold Chemi.
cal Co: yesterday increased thu
quarterly cash dividend to q
cents q share and also declared
the usual 2 per cent stock div
idend. The company had beer
paying 20 cents a share quar-
terly.
Evening star., 1958-07-15
PEOPLE
BUSINESS

Edward G. LitteI. assistant
to the president Of vitre Corp.
has moved his offices to lO25
Connecticut ave NV. where
other downtown Offices Of the
company are located.
| J. Edwin Murdoch, former
tabulating ofiicer for the Bu-
reau of Ordnance and Bureau
of Personnel Of the Navy
Department, was elected an
assistant vice president Of
United States Trust Co. in New
York.
A. A. Sroka, Instrumentation
sales manager for the Central
Atlantic District of Ampex
Corp, at Silver Spring, Md. has
been named sales manager for
the entire division. Edmund J..
Keane Of the Atlanta district
win succeed Mr.. Sroka at Silver
Spring.
John Warren Giles. former
assistant general counsel for
Chesapeake g. Ohio Railway
and also Professor Of Law at
Catholic University, has been
admitted to the Bar Of the
District of Columbia. He re-
Gently was associated with the
law firm Of Galiher & Stewart.
George M. Riviere, jr., has
been named associate editor of
the Kiplinger Washington Let
ter. He has been a writer for
trade journals.
Harold McGraw Of Adelphi,
Nd, has been named manager
of military products marketing
for the Alexandra plant Of the
Avion Division, ACF Industries,
Inc.
Maurice Kressin, president of
Manhattan Storage and Trans
fer, Inc. was elected recording
secretary of the Folding Chair
Rental Association at the New
Orleans convention
G. Robert Quinn was iamed
Washington account executive
and Baltimore regional sales
representative for the Capital
City Group of radio stations
VOL, WIDOW and WNAV.
Howard L. Aiken, sales man
ager for the Miller Brewing Co.
in this area, has been promoted
to district sales manager, with
headquarters in Atlanta, Ga.
Mrs. Marian Mish GanOng,
former associate in the interior
decorating business of John j.
Greer, has been named west
coast representative of the pub
lie relations firm of Farson,
Huff and Northlich, Inc, in Los
Angeles.
Phil Vinicur is manager of
the new remodeling division of
the Zellan Construction Co. He
formerly was with Lustine
Nicholson Oldsmobile in Hy-
attsville, Md.
Evening star., 1958-07-15
Atomic Fund Dividend

Atomic DEVELOPMENT Fund.
Inc. announced q dividend Of
IS cents q share investment
income. payable August Ii TO
stockholders Of record Of
July IA.
Evening star., 1958-07-15
YOUR
MONEYS WORTH
Stencils Indicote Recession Is Oyer
~ SYLVIA PORTER

The bottom Of the. ls57-5s
recession has been hit; we
probably recorded the low
about so days ago.
The economy Is now in q
transition period, Perceptible
signs Of recovery should appear
this fall; the upturn should be
obvious during the final
months Of the year.
A high sticky level of un-
employment will remain a key
problem even when the re-
vival is unmistakable, though;
we won't be able to absorb all
the hundreds Of thousands Of
workers who are entering the
labor force this year.
Even though it will be many
months before we will or can
regain the economic peaks Of
mid-1957. there will be a much
better feeling in late 1858 and
1859 than there was in 1857
and early 1858.
The above summarizes the
views of mounting numbers of
the most informed and respon-
sible economists in the coun-
try.
Sure, there always are and
always win be ''ifs" and 'buts. -
The more / study economies.
the more humble / become
about using its tools to make
predictions on business trends.
Facts Presented
Having written these quail
flying sentences, I return to the
fact which impresses me most
the increasing volume and
variety of signals indicating
an approaching upturn. More
specifically:
Over decades of study. the
National Bureau of Economical
Research has developed an in
dex Of eight leading indi-
Gators" With provocative con-
sistency, this index has turned
down well before a general
business drop. In past adj
vances, it also has turned up
well before a broad revival.
Here is the latest data on
these eight vital indicators:
Cd New orders Of the du-
rable goods industries: Up sub
stantially between April and
May, probably continuing up
since.
(2) New interpretations: Up
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-16

Food costs rose alarming I'll per cent here in the
Washington Area between March, 1857, and March,
1858. And in the single month from February to
March, 1858, your grocery bills increased average
of "a per cent. Homemakers trying to feed their
families nutritious well rounded meals and keep
within, budget are UNDERSTANDABLE concerned
Many basic items have increased spectacuary in price,
According to front-page Evening Star story hot
dogs went from 49c' per pound to 63c. Baby cereal
was up &c package; butter up &c per pound; eggs
cost lac more dozen for two dozen; four loaves of
bread were penny higher; hamburger scared from
69c per two pounds to 95c.
OF BASIC FOOD ITEMS ONLY MILK,
WITH ITS ABUNDANCE OF PROTEINS,
MINERALS, AND vITAMINS STAYED
STEADY" ACCORDING TO THE EVE
MING STAR REPORT Is QUARTS DE-
LIVERED AND FOUR BOUGHT AT THE
STORE COST $41O LAST YEAR THESE
II QUARTS COST EXACTLY THE SAME
AMOUNT IN MAY, 1858!
To buy the food values in one quart of milk-the vita
Minis, minerals and proteins-in the form of other
foods-would cost you 40c at today's prices. YET
THE PRICE OF THAT QUART OF MILK is LESS
THAN 25c.
Dr. G. A. Richardson, eminent nutritionist of Oregon
State College, recently stated that IF MILK SOLD
AT ALMOST TWICE ITS PRICE 1T WOULD STILL
BE ONE OF. YOUR BEST FOOD BUYS.
How, you may rightfully ask, can the price OF milk
stay level while costs of all other important foods
sky-rocket? We, the dairy farmers producing milk
for the Nations Capital, can only say this:
For years we have been fighting the trend of
the times in a determined attempt to KEEP
PRICES DOWN. AS dairy farmers we realize
only too we'll that milk is absolutely essential
to the health of babies, young children and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-16
Recent report show,
milk only important
food that has NOT
gone up in price!
-eUide1ce indicates milk is best food buy on market

adults We believe we have an almost moral
obligation to try to maintain the price of this
MOST ESSENTIAL FOOD at a level where
it can be afforded by alI-and in abundance.
This task of "holding the line" has not been
an easy one. We dairy farmers are consumers,
too When the cost of living rises it hurts tls just
as it does you When the costs for labor feed.
machinery, land and other elements that go
into producing your milk-rise as they have
year after year, many of us have wondered
how long it would be possible to keep our milk
prices steady. Today our price received for
fluid milk is less than the price received in
October, 1851.
Increasing our efficiency, working harder and
longer with less help-has been our way of
keeping our milk price at the price it is today,
while all other food prices are up. Today we
are proud of the fact that the average Wash
ingtonian needs work only minutes to earn
the price of quart of milk, whereas in 1889
he had to work 63 per cent longer!
Next time you go shopping for your family's food,
we urge you to remember these important facts:
Q) Milk has actually decreased in price in
terms of real wages.
(2) Milk is the only important food item on
your grocery list which has held steady
during the past year of spiraling food
prices.
AS you make up your order for your mikan, or wheel
your cart past the dairy cabinet at your market bear
in mind the carefully arrived at conclusion of De-
partment of Agriculture nutritionsts:
ONE THIRD TO ONE FIFTH OF THE
WEEKLY BUDGET FOR FOOD SHOULD
BE SPENT ON FRESH WHOLE MILK
AND OTHER DAIRY PRODUCTS.
Is yours? If not you are failing to take advantage
of the best food buy on the market.
ilk Producers Association
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-16
The MARYLAND & Virginia Milk Producers 4

Published in the public interest by the
Maryland & Virginia Milk Producers Association,
nonprofit organization of farmers dedicated to producing
better and better milk for the Nations Capital
The journal. (Caldwell, Ohio) 1934-1961, 1958-02-27
Mail Bag
Continued from Page 2-B)

of allowing the people in the
Caldwell school district to ex-
press their desires on consolida-
ton by voting.
The Caldwell school board is
elected to represent the people
and should not base their
decisions on their personal opin-
ions or prejudiceS. In view of
the overwhelming evidence that
large number of people in the
Caldwell school district favor
consolidation, the only fair way
to answer the question is by q
vote of the people, and they
should not be denied this oppor-
tunity. The Caldwell school
board is in effect denying the
people the right to vote on this
important question.
The Committee for Consolida-
ton has no other course than to
work vigorously to obtain the
required number of signatures
on the petition requesting a
transfer of the Caldwell ex-
empted school district to the
county school district. Any voter
in the Caldwell school district
who wants to include Caldwell
in the proposed consolidation
program is requested to sign the
petition.
A petition is formal written
application to a governing body
requesting its action on some
particular right Of the people
The petition being circulated by
the Committee for Consolidation
is the request by the people that
an action be taken that will
enable them to vote on our
school problem.
w. D. Semple
The journal. (Caldwell, Ohio) 1934-1961, 1958-02-27

in his life-that of his love for
Free-MaSonry in which he found
great happiness-he said, Il Am
a Mason in my heart" He be-
came a past Master in the Mas
onic Lodge, No. 327, of Mclean,
Virginia, a patron of the East
ern Star and one of its charter
members, and a member of the
Royal Arch. His conpanionship
with his fellow Masons over the
years was a beautiful thing to
observe; his faithfulness in keep
ing up his dues and responding
to all calls.
He would be so grateful as is
his son and wife of the beauti-
full Masonic service given for
him Tuesday evening at 7:30,
February Is, last evening.
The second great love of his
life was the study of Christian
Science through which he gained
guidance and direction in the
later years of his life and which
blessed him so bountifully-the
divine revelation Of Jesus, the
Christ's teachings as received by
a New England woman, Mary
Baker Eddy, and given to the
world, explaining and restoring
the lost art of absolute reliance
on God in every emergency and
problem in life, physical, mental,
spiritual, financial and all.
Just before he passed on, his
last prayer was one of asking
God to give him greater under
standing, take from his all wrong
thoughts and gratitude for His
blessings.
AS his wife of almost 80 years,
it is fitting that a proper tribute
be given him and this she has
tried to do. He has proved him
self a child of God over and
over again through the years and
it has been a wonderful life to
share the years with him.
His faVorite writing was a
poem called MOTHER-LOVE,
which has honored him by being
placed in the Ohio-Ana Library
in Columbus and in the famous
Pennypacker Collection of East
Hampton, Long Island, New
York.
The journal. (Caldwell, Ohio) 1934-1961, 1958-02-27
QUAKER CITY NEWS

QUAKER CITY - Mr.. and
Mrs. Ronald Brothers attended
the funeral service of her uncle,
Dempsie Rankin, of Navarro on
Monday of last week.
The Home Demonstration club
which was to have been held on
last Friday, was postponed on
account of the weather until
March.
Rev. and Mrs. Robert Frayley
and children attended a retreat
held for ministers and their fam
lies at the Methodist church at
Old Washington on Monday.
Mrs. Jules Camel has been dis
missed from Guernsey Memorial
hospital, Cambridge, where she
underwent surgery last week.
Sarah King was dismissed
from Guernsey Memorial hospi-
tai on Thursday where she was
admitted for observation and
treatment.
Judith, daughter of Mr.. and
Mrs. Leon Carpenter, was a patti
ent at the Guernsey Memorial
hospital, Cambridge, last week
for treatment.
Mr.. and Mrs. A. E. Barker,
Misses Halle and Ethel Alwine,
Mrs. A. A. Hoskins and Mrs.
Elmer Lowery were supper
guests of Mrs. Cora Eagon on
Tuesday evening.
Mr.. and Mrs. Andy Olshawsky
of Senecaville, were guests of
Mrs. Rosa MCGEE on Monday
evening.
Mr.. and Mrs. Bill Perkins, of
Canton, visited over the week
end with her parents, Mr.. and
Mrs. Ernest Carpenter and with
friends in Barnesville.
Mrs. Bert Thompson was com
panion hostess when Mrs. Glib
son Belts of West Main street,
GAINESVILLE, entertained the
Azalea TWig of the Barnesville
hospital, at her home on Tuesday
evening.
Mrs. John Nichols and son,
Delbert, of Fair street, attended
the funeral of Mrs. Daisy Brown
at the Campbell funeral home on
Saturday, Feb. Is.
Mrs. Carl Carper spent last
week in Millersburg, due to the
illness of her son, Danny.
Mrs. Anna Hall and Mrs.
Esther Barr attended a Guern-
sey county safety meeting in
Cambridge last Thursday.
The journal. (Caldwell, Ohio) 1934-1961, 1958-02-27
Stuck Piston Causes
Local Liqht Failure

Caldwell witnessed one
hour blackout Wednesday night
when a power failure de-
veloped at the local municipal
light plant.
George Matheny, assistant
plant superintendent, stated the
cause for the break down came
when a piston stuck i'm engine
No. 4. The emergency or stand
by unit was pressed into ser
vice in order to carry the load
demand.
Matheny said that repairs
are being made on the engine
and that it would be back into
operation today.
The lights went out at 700
p. m. and were off about an
hour.