davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-29
Higher
During Week
And 6Months

NEW YORK. June 2s.-The
stock market advanced Inn
pressively In the first half Of
1858 despite the business re-
cession. II won back about 60
per cent Of the losses suffered
in the sharp decline from last
July TO the October ~ low.
Although corporate earnings
we're slashed and dividends
cut or omitted by many Arms,
the quoted value Of stocks
listed on the New York Stock
Exchange rose an estimated
$50 billion, based on stock ex-
change figures and the rise
in the Associated Press average.
In the past week the market
consolidated recent gains TO
new 1858 highs. The Associ-
ated Press Stock Average man
aged q 80 cent gain to $l74.S0,
not much below this years top
OF Sl75.40.
The market declined on the
FIRST two days and rose on the
last three. The lower-priced
stocks and more speculative
issues were favored as the blue
chips rested.
The i've most active issues
this week on the New York
Stock Exchange we're: Penn
Texas, up ga at 63t on Sl5.-
800 shares; AVCo. up 70 at
ia: Servel. up q at Sh;
American Motors. of "a at IL;
and Raytheon, UP lss at 33h'
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-29
TOBACCO
MARKETS

UPPER MARLBORO. Nd. June 2s
tR - (USDA). - Southern Maryland
tobacco continued in good demand
this week. Sales were heavy. the Fed
eral-State Market news service re-
ported. Quality was lower.
Auctions totaled 3.4O6,446 pounds
and returned S437l q hundred.
Poundage was nearly double the pre-
vious week, but the average was
cents lower Season sales totaled
24,554,5S0 pounds for an AVERAGE OF
S45.35.
The Maryland Tobacco Cooperative
received only 1872 per cent OF the
sales this week. smallest percentage
OF the year. Season deliveries TO the
Cooperative stand at 1915 per cent.
Net receipts Of the Baltimore hogs
head market for the season we're re-
ported as around 2,292,00Q POUNDS.
isis, combined with the auction sales
totals about 26,S47,000 pounds.
No sale will be held on July 4 in
observance OF Independence Day.
Auction bid averages per hundred
pounds on q limited number OF rep
resentstive United states grades were
"' i Chg. from
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-29
CHICAGO
LIVESTOCK

CHICAGO. Juns ~ Op.-The sup
ply OF butcher hogs this week was the
second smallest since early In April
but buyers we're reluctant TO follow
D'i PursSssss ~ shippers we're also the
second smallest since early in April
and other .bayers carried price limits
.S w s seer % D1ss s cT h. s ass
were uneyenly steady 10 81 higher,
week Il The past six weeks but receipts
bY classes were not much different than
About 70 per cent Of the cattle
receipts were slaughter steers OF which
about per cent we're prime Grade. %
per cent choice OF and Is per cent
Mohday's offerings were the smallest
for the day in SIX weeks but Tuesdays
we're the largest for the day this year.
The supply for the week was the small
est IN four weeks. :. a 80 .
81 Tor sisushtsr lambs We was mostly
on the choice and prime grades al.
though receipts for the week were
slightly higher and purchases BY
eastern buyers the lightest In almost
tUsDA, hoss 100. total 100 testi-
matedD; for the week. Barrows and
gilts steady to rs higher. sows steady.
"a per cent receipts comprised sows.
RSrns !h Sa Ssss ss Sss q S 5p6SsS
$500 At the close best No. 1 600
go ID. weights RANGED downward from
24.50 with several lots No. 1 and
these welghts 24.0Q-24.25 and most
No. and 3 ie0-2JO lbs. 23.T5-24 90.
No, . and 3 2i0-27o lbs. closed At
ranging downward TO - 90 for 3l5
70. ayerage No. ? $50 %, butchers
500 lbs. sold late at ls.75-2O0Q
lighterweights as high as II so and
weights up to $50 lbs. down 70 1928.
Cattle zoo, total zoo .sstimatsdl
uneyeniy steady 70 100 higher, the
firSt advance for any week In six
weeks, few loads average prime steers
only steady. Heifers advanced mostly
SO and cows sold steady to 80 higher,
bulls steady 70 strong. Vealers about
steady Lead ss,. averAse Prime h ME- s,s 70
Monday nothing sold above 81 80, nu-
merous loads high choice and mixed
choice AND prime Grades over 1850
lbs and a few loads lighterweightS
2S.75-30 so, good TO average choice
steers all weightS 25.00-2S.5O, nu-
merous loads mixed g,ood and choice
lots utility and standard steers 2s.00-
$500. moderate supply high choice
and prime heifers 2S50-29 80, bulk
choice grades 26,75-2S.0O, most good
heifers rs .00-26.25. small supply uttl-
lily and standard srsdes gS0.000o-24 30,
merciai cows 205O-22 90, utility cows
| 10 .O0-21 so, most Gamers and cut
10 1900 Utility and eomercial bulls
% 50-25 90, cutter bulls 2l.50-23.00.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-29
BY SYLVIA PORTER

One Of the most spectacular
free rides" in United States
Government securities in all
history has Just come to an
end. 1t began on November IA,
1857, and ended on June 10,
1858.
In between, fortunes were
made on new issues Of Treasury
bonds by nimble insiders
financial institutions, big cor
porations, wealthy individuals.
And sensational profits also
were chalked up by fringe OPP
orators who had the know-how,
the nerve, the credit lines and
just enough cash to ride along.
Here is the story, in simplest
terms:
Late Thursday afternoon,
November IA, 1857, the Federal
Reserve System announced a
cut in the interest rate 1t
charges to its member banks
for loans (the discount rate)-
and thereby indicated that the
business recession was an &C
knowledged fact, the tight
money policy had been aban-
doned and the new aim OF
the monetary authorities was
to force down borrowing rates,
to encourage higher bond prices
and to stimulate liberal lend
ing by banks.
For a long period before that
memorable afternoon last fall,
the Government bond market
had been in severe slump
That one move by the powerful
Federal Reserve System dra-
matically reversed the trend.
Within minutes. the Govern
ment bond market took of or
the fastest, most spectacular
price climb ever recorded. AS
the Federal Reserve has poured
billions of dollars into the bank
ing system to make money easy
and restimulate the economy
prices of all bonds have sky
rocketed, interest rates have
plunged.
Now. since last November
the Treasury has had to sell
several huge new issues of Gov
eminent securities to raise ad-
ditional cash to meet its bills
and to get money to pay of
maturing issues.
In late November it sold a
chunk Of ga per cent bonds to
raise cash. The issue price was
the traditional one Of 100. bu
the bond market boom carried
the bond to a price Of Ill thi:
spring - meaning a profit Of
$l1, 900 on each 100000 Of
bonds. Many spectators bought
that amount of bonds with q
down payment of $4,000 Of
even $4,000 and doubled Of
tripled their investment in The
period. Lots Of Speculation
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-29
DIVIDENDS

NEW YORK. June IS B.-Dividends
announced:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-29

unit Of trading ID shares OF sales U tuL Rates
Of dividends IN the toreg0inR table are annual DIS
bursements based the last quarterly o. sem-annual
declaration Unless Otherwise nQted special or extre
Annual ,aie p9s stock DIVIDEND DECLARED o. Osi6
IN 1857 plus stock dividend Declared OF paid so Tar
this wear Payable 10 stock during 1857 estimated
cash value exdividend OF ex;dlstrbution GATE s.
dend OF spLit-up kDeriarec o. paid this veal IA a9
accumulative issue with dividends N arrears rS alo
4 last dividend meeting Pecarel o. SSld u Va sSI
estimsted cash value on exdiudend % exdlstIbulop
date Llqudating dividend cid Called xEx dM
out warrants WV With warrants wd When distributes
vi When issued nd Next day delivery 10 bankruptcy
ar receiyeTshp OF being reorKanzed under the Bank
Tuptcy Act or securities assumed BY such companies
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-29

House and that the committee
win want TO take q very, very
long time" 10 consider II,
Mr.. Gwinn. as well as Chair
man Barden OF the Education
and Labor Committee. opposed
school construction aid bills in
recent years, AS for the
q dministrati0n's pro-
posal for 1858. which does not
provide for such aid. Mr..
Barden has said he does not
know what his committee will
do. except that 1t will consume
considerable time before doing
anything.
Attacking the new bill today.
Mr.. Gwinn said more than rs
per cent Of the proposed funds
would 90 directly into teachers
salaries. The bills real title. he
remarked. should be Teacher
Pay Bill Of 1858 and It's Vote
Getting Possibilities"
Mr.. 0winn disputed the adj
ministration's description OF
the program as Temporary
He said II contains provisions
whereby much Of 1t could be
continued well beyond four
years.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-29

on the Education and Labor
Committee. TO which the meas
ure was referred. asserted that
"this Is Q teacher-pay bill and
should have been labeled as
such" He declared he was
dumhfounded by It's audacity.
Mr.. Raynurn did not take
issue with the Presidents pro-
pcsal for . 81 billion four-year
program Of Federal assistance
and State cooperation IN
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-29

stimulating and improving the
study and teaching Of science,
mathematics and other SUBJ
jects. He said yesterday he
wanted to examine IL more
closely before passing judg-
Iment on It's merits or advis-
ability.
The Speaker commented
nevertheless that 1t Is likely to
be highly controversial In the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-29
Education Bill Called
Teocher-Poy Measure
ny ROBERT X. WALSH
star star writer

Speaker Raybwns prediction that Eisenhower admin
ations science study and scholarship bill faces delay and
possible defeat in the House borne today in
fl Republican members attack the bill being nothing
more than q smokescreen"
6. Representative 0wnn Of New York. ranking Republican
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-29

Suits and topcoats reduced for quick clear
ance! Good size range in all groups though
not every color in every style but every size in
one stvle or another. Al-wool worsteds flan-
nelS. cheviots. tweeds. sharkskins, zp-lined
coats. topcoatS imported and domestic tweeds,
covertS. velours and saxonies. You'll find q suit
or topcoat to fit your size and style.
Milford chronicle., 1958-07-25
Advice Given For
Uses Of Sudan Grass

If you have sudan grass pasture
you may be interested in some of
the recommended practices in rela-
tion to sudan grass management.
Sussex County Agricultural
Agent, William H. Henderson, says
you get the best use out of sudan
grass pasture if it is divided and
grazed on a rotation system. Cattle
should be turned on the sudan
when it is about Is inches or
knee" high and it should not be
grazed down too closely. 1t will re-
cover much faster if not over graz
ed.
If you have more pasture than
you need, the County Agent says
you can fence off plot and use
it for silage. 1t should be cut as
soon as it is fully headed if it is to
be used for silage. This is usually
about so days after planting.
Mr.. Henderson adds that sudan
is a supplementary pasture but it
is very versatile. This year, with
good moisture conditions, sudan
can be used for silage, saving the
corn for grain.
Sudan does not need a preserva-
tive.
Sudan will produce four tons of
dry matter per acre in a season
if managed properly. A topdress
with 1886 pounds of nitrogen per
acre just after the iirst grazing will
help, particularly if moisture is
adequate.
Milford chronicle., 1958-07-25
ST. JOHNS
Mrs. Laurence Kitchens
Phones Georgetown 240e

John 1.15-"Love not the world
neither the things that are in the
world. If any man love the world
the love of the Father is not in
him"
Master Jimmy Steelman is spend
ing his vacation with relatives in
Rockaway, N. j.
Mrs. Alice Dill. George and Bon
ME Lee Matthews, Mr.. and Mrs
Crawford Matthews and children
Crawford, Jr., David and Robbie
were guests OF Mr. and Mrs Geo
Mathews one day last week
Master Steve Roach spent the
weekend with his grandmother
Mrs. SaIlie Truitt.
Mr.. and Mrs. Larry Moore, Mrs
Mayme Dodd Mrs. Ida Gordy, Mr.
and Mrs. Miles Dodd, Mrs May
Kitchens and son, Vernon, attended
Delmarva Camp, on Sunday even-
ing.
Mrs. Adam Paugh is spending
sometime with relatives in Rock
away, N. J.
Bible study and prayer meeting
each Wednesday evening in the
church home. All invited to attend
We are studying the Gospel of St
John.
The WSCsj wishes to thank all
who helped In any way to make
their bake y success. We made a.
bout $50. Also we want to extend
our thanks to Mitchell Jones for
letting us have the bake in front
of his store In Millsboro.
The WSCS will hold their annual
picnic at Riverdale on Tuesday af-
ternoon. August H. All invited.
Mrs. Ida Gordy and Mr.. and
Mrs Vim. NAPLES called on Mr.. and
Mrs. Carter Markham, in Holly
mount.
Mr.. and Mrs. Geo. Hudson and
children. Of Frederica, spent Sat
urday evening with Mr.. and Mrs
Richard Wilson.
Mr.. and Mrs. Marshall Wilson
were Sunday dinner guests of Mr.
and Mrs. Chester Hudson, in Mil
ton
Thought for the day-"The po-
sessions of a Christian may be de-
stroyed, but none can take away
his freedom in Christ"
Wayne Truitt, of Georgetown
spent a few days of last week with
his cousin, Carlton r. Moore.
Mr.. Alton Rogers, layman from
Providence Methodist Church, filled
the pulpit at St Johns Church in
the absence of the pastor, Rev. Lu-
cia, who was away on vacation Mr
Rogers brought wonderful mes
sage.
Perfect love will cast out fear I
There will be an ice cream festi-
val held in the st. Johns social
hall, on Tuesday evening, July 20
All invited.
Recent callers of Mr.. and Mrs
James West we're Mr.. and Mrs. Ru-
fus Wilson, of New York and here
Mr.. and Mrs. John Davidson, OF
Stockley, and Mr.. and Mrs. Steve
Hudson, of Coolspring Acres.
Mr.. and Mrs. CHESTER Walls were
weekend guests 0f Rev. and Mrs
Ira Crum, at Cecilton. Md.
Milford chronicle., 1958-07-25
Self Dispensing
Cup Carton Made
For Ancient Age

A carton that becomes a dispen-
ser for paper cups has been devel-
oped by the Dixie Cup Division Of
American Can Company for the I.
w. Harper-Ancient Age Distillers
Company, major sales arm of
Schenley Industries, I1c.
John Mcclellan, Dixie's nation
al sales manager for beer and al
coholic beverage markets, said this
is the first successful development
of a self-dispensing carton in the
distillery field, and predicted it
would be the foreraiIssesF Of addi-
tional orders frora liquor compan-
les.
The cartons, which hold 100 Dix
lie Cups, may be converted easily
and quickly into cup dispensers
that can be hung on the walls or
on shelf di7iders in liquor outlets.
Hank Yaris. l. W. Harper Ancient
Age assistant ad manager, said dis
tribution of the cups and dispen-
sers would be concentrated mainly
in approximately 20 states where
il is legal to distribute an embel-
lished cup with liquor purchases.
The carton, used as a cup-dis-
pensing unit, becomes an eye
catching point-of-sale merchan-
dising device for Ancient Age bour-
bon that stays in view of both con-
sumers and the operator. The back
is printed with instructions for its
conversion and installation. Both
carton and cups are in bold red
and-white design featuring brand
Identification and playing up the
Ancient Age slogan, IF you can
find better bourbon-buy it,"
The Dixie Cup holds seven fluid
ounces and is specially coated for
alcoholic beverages.
Milford chronicle., 1958-07-25
STORE TAXES TO TENT

JACKSONVILLE. .NFla. - (P0 -
A supermarket burned down and
one week later reopened in huge
tent pitched on the parking lot of
the burned store.
Launched with clowns and other
circus atmosphere, the store under
canvas went on a 24-hour-a-day
schedule pending completion of the
new building.
Milford chronicle., 1958-07-25
NAMED AT LENGTH

HONOLULU - (P - University
of Hawaii officials had a tough
time putting the name of one of
the girl graduates on her degree.
Her name: Sylvia Keohoaeaeoka-
hakukaalani kama.
Milford chronicle., 1958-07-25

Lum Duk, S3-year-old Chinese.
who came to Vancouver from Hong
Kong 81 years ago. has now ap-
piled for Canadian citizenship. Il
find | like Canada" he explained.
Milford chronicle., 1958-07-25

Most of the icorice in U. S. can
dies and fiavoring is from Turkey.
Roots of the licorice plant go down
20 to 25 feet before they are dug
M.
Milford chronicle., 1958-07-25

The Automobile Club of New
York reports that 55 per cent OF
vehicle-miles driven in u. 5. are
connected with earning a livelihood
and 13 per cent with shopping.
Milford chronicle., 1958-07-25

Forests in New York state nave
increased more than 20 per cent
in the past three decades. The state
now has 14.450.000 acres compared
to 12,000,000 acres in 1888.
Milford chronicle., 1958-07-25

Handling of machinery is top
cause for most fatal accidents on
American farms. Second cause for
fatalities in The rural areas is
drowning.
Milford chronicle., 1958-07-25

NO OTHER TRUCKS
LINE Up. r,,
MEASURE UP -.
STAND UP...
LIKE lNTERNATioNALs
More models. power choices ana
''taiIored-foT-you" features than
any other make.
SFiTst choice % professional
truck operators, who must have
superb quality and who meas
ure costs to the penny.
Every part designed to DO .
trucks lob. It's truck quality,
pure and simple. that Keeps az
INTERNATIONAL going : longes
-at least cost to you.
Evening star., 1958-07-02
BY BETTY BEALE
star star Writer

You couldn't wipe the smile
on Ernest 0ruening's face
yesterday,
The man credited with do
ing the most to win statehood
for Alaska looked so happy
he glowed, as he greeted
friends at the impromptu
party he and his wife gave
at their West Beech drive
home.
He brought out the new
American Flag with seven
rows Of seven stars that he's
had for two years.
He showed guests the head
lines on the Anchorage Times
Of June 30, Were Inl" The
letters were in staggeringly
colossal type. The paper got
the news by 2 pm. on Mon
day, got the copy here via
Jet by noon yesterday.
And over on a table by the
garden door the kilograms
piled higher and higher.
They came from jubilant
friends in Alaska and in the
United States and from an
envious friend. former Gov.
Samuel w. King of Hawaii.
They came from Averell Har-
riman, from Bennett Cert,
from Elmo Roper, from Edna
Ferber. from American AM
bassador to Mexico Robert C.
Hill.
Elmo Roper's summed UP
the sentiment expressed in
most: MY heartiest congrat-
Evening star., 1958-07-02
dent and top Canadian ON

dent and top Canadian ON
cials have been set UP 50 far
for Tuesday afternoon and
Thursday morning.
President and Mrs. Eisen-
hover and their party will
leave Canada by plane on
Friday morning.
After a ten minute flight,
they will land at Massena,
N. Y. to inspect a section of
the st. Lawrence Seaway.
The three-mile stretch will
be between the Eisenhower
lock and the Smell lock.
The first boat is sched-
uled to go through this part
Of the seaway this Friday.
Evening star., 1958-07-02
"A Busy Official Schedule
Awdits Eisenhower in CQnddd

ing this they will be greeted
by members Of the Canadian
cabinet and their wives.
The Eisenhowers will go
their separate ways for
luncheon that day. The Pres
ident viii be honored by
the Prime Minister probably
at the Country Club which
is often used by the govern
ment for entertaining.
Mrs. Eisenhower and Mrs.
Dulles will have luncheon
with Mrs. Diefenbaker at
Sussex House, the official
residence of the Prime Min
lister which is just across
from Rildeau Hall, Mrs.
Diefenbaker is welI known
as a hostess.
From $50 to 7:30 pm.
Wednesday afternoon, Presi-
dent and Mrs. Eisenhower
will receive the diplomatic
corps. This win be at a re-
ception at the embassy and
receiving with them viii be
Ambassador and Mrs. Mer-
chant. That evening the
Eisenhowers are scheduled
TO dine privately at the En-
basSy.
On Thursday, July 10,
President and Mrs. Eisen-
hover will start their day by
greeting members Of the en-
bsssy staff and their wives.
While the President is lunch
ing privately at the embassy,
Mrs. Eisenhower will be hon.
ored at a luncheon given by
Mrs. Merchant at the coun-
try club.
Conferences
That evening President and
Mrs. Eisenhower will give
their return" dinner in
honor of Governor Massey,
and Prime Minister and Mrs.
Diefenbaker. Secretary and
Mrs. Dulles will, of course.
be at the embassy party as
we'll as other Canadian and
United States officials and
their wives.
Conferences for the Presi-
Evening star., 1958-07-02

Canada's Governor General
will be on hand to greet Mrs.
Eisenhower and Mrs. Dulles.
Mrs. Massey acts as the
official hostess for the Gov
ernor since he is q widower.
Mr.. Massey is his fathers
secretary and therefore
serves i'm an official govern
ment capacity.
Mrs. Diefenbaker and Mrs.
Merchant will most likely be
in the welcoming party.
The Eisenhowers will then
be escorted to the Governors
residence. Rideau Hall, where
they will spend the night,
moving to the United States
embassy the next day for the
rest of their stay.
Rideau Hall has been the
official residence of the Gov
ernors since 1867.
The large. rambling stone
mansion was originally the
home of a Canadian lumber
baron. 1t is situated in the
center of a park and the
grounds are much more spa
cious than those surrounding
the White House.
Governor General Massey
will give a luncheon at his
residence in honor of Presi-
dent and Mrs. Eisenhower and
that evening he will also give
a state dinner for his visitors.
Secretary and Mrs. Dulles
will, of course. be included in
all of the social activities.
On the following morning
President and Mrs. Eisen-
hover will leave Rideau Hall
and the President will lay a
wreath at the Canadian War
Memorial.
To Address Commons
They will then proceed to
the Parliament where Presi-
dent Eisenhower will ad-
dress a joint session of the
Senate and the House Of
Commons. Mrs. Eisenhower
will be in the audience to
watch her husband. Follow
Evening star., 1958-07-02
Diplomats Hold
Cocktail Party

The Circulo Diplomatico
Interamericano. an infant
organization for young dip
lomats of the Americas, gave
a cocktail party last night
for members and their wives.
The "get-acquainted" party
was held at the Foreign
Service Association club
house from $50 to $3.50
o'clock.
Evening star., 1958-07-02

est welcome to the Union.
Since visiting Alaska as .
young boy with my father I
have had the keenest inter-
est IN the immense State Of
Alaska and have eagerly
awaited and endeavored to
hasten the day when the ter
ritory would attain the ma
Evening star., 1958-07-02

ture status as an equal part
ner in our national life"
Most thought provoking
message came from Warner
Brothers movie producers Art
and 10 Napoleon. 1t read:
"Warmest and awed congrat-
ulations to you and your coll
Continued on Page B-4, Col. 4
Evening star., 1958-07-02
BY DAISY CLELAND
Star star Writer

President and Mrs. Eisen-
hover wing their way to Can
ada next Tuesday on an off,
cial visit which is described
as friendly and informal as
BELTS close neighbors."
This is a feather in the cap
of the northern nation. The
Canadian government is the
only one to play host to Pres
ident and Mrs. Eisenhower
during the Presidents ad-
ministrations. In fact, this
will be the second time.
The first Canadian trip was
in 1858. President and Mrs.
Eisenhower spent two days
in Ottawa in November of
that year. This trip will be
for three days plus. They ar
rive Tuesday morning and
leave the following Friday
morning.
Other Trips
The other trips the Presi-
dent has taken out of the
country have been to attend
high level meetings such as
NATO and the Geneva Con-
ference, and the meeting with
the heads Of Latin American
countries. The First Lady
only accompanied him to
Switzerland.
The President and Mrs
Eisenhower, accompanied by
Secretary of State and Mrs.
Dulles, will leave from MATS
terminal at 9:15 aboard the
Columbine III and are sched-
uled to arrive at UplandS Air
port, outside of Ottawa. at
II am.
On hand to meet them will
be the Gov. Gen. Vincent
Massey, Prime Minister John
Diefenbaker and other Ca
madam officials and TTnitad
States Ambassador to Can
ada Livingston Merchant
and other embassy officials.
1t is likely that Mrs. Lionel
Massey. daughter-in-law of