davidaulloa/AmericanStories huggingface dataset:
Evening star., 1958-05-06
Downtown Park & Shop
Elects Three to Board

Three new board members of
Downtown Park & Shop, Inc,
we're elected yesterday at the
annual meeting at Hotel WASH
ington.
They are Edward C. Baltz,
president of the Perpetual
Building Association; Horace
Meyers. manager of William
Ballantyne & Sons and Leroy
Tuerke, president of Beckers
Leather Goods Co., Inc.
On Monday, the board will
meet to pick the chairman of
the organization for the COM
ing year. The present chair
man is E. A. Pritchard, execu-
tive vice president of the Mer-
chants and Manufacturers AS
ISOLATION.
Evening star., 1958-05-06
1857 SAVINGS
Highest Since
End Of War

Americans saved at q higher
rate during 1857 than IN any
year since the end Of World
War II. according 10 estimates
released BY the Securities and
Exchange Commission today.
Net financial savings amount
ed TO el6.s billion. compared
with sIs.3 billion IN 1855 and
SIS billion In 1855.
Savings In 1857 was charac-
terized by q greater now Of
funds into savings accounts
and a sharp increase In cor
porate bond investments, part
ly rejecting the higher returns
offered by these savings medal
the SEC report said.
Large redemptions Of United
States savings bonds through
out the year probably provided
some Of these funds. It added.
Another important change In
the composition Of savings in
1857. as compared with 1855
and 1855. was q substantial de-
cline In individuals equity In
Government insurance and
pension funds.
This was due to expanded
Social Security coverage and
larger Withdrawals by States
from unemployment payments.
Savings in other financial
forms. were about the same or
slightly higher than in 1856.
Individuals increased their
securities investments by $6.1
billion. 81 billion more than the
1856 total. but somewhat less
than in 1855. the postwar high.
Largest security purchases in
1857 were corporate securities.
Saving In this form amounted
to $4.A billion. greater than any
year since 1929.
Evening star., 1958-05-06

Between ipfT and 1885 the
selling price Of American cara
rose about 80 per cent-mean-
ing the car that cost you $4,000
In io47 cost you $4,000 In 1885.
But n you turned in q car
you bought on the instalment
plan in i047 for a new one, also
bought on the instalment plan.
In 1865. you didn't "feel" the
80 per cent price rise one bit,
For, under the instalment
buying terms generally In ef-
feet in lo47 you would have
made a down payment Of s700.
and would have paid of the
81. 800 balance In "A months.
Your payment would have come
to about S57 a month. plus In
surance and financing charges.
Under the instalment buy
ing terms that were put into
effect in 1855 you would have
made the same down payment
Of $700, but you would have
been able to arrange paying
OF the $1,000 balance in 50
months. Your payment would
have come 10 SIS a month. plus
charges.
Price Climb Cited
Since 1855 the selling price
OF American cars has climbed
8 per cent-so that the $4,000
car now sells for around $4,000.
But, II you turn in a 1855
model for a new one on the in
stalment plan today. you feel
every penny Of that 8 per cent
rise.
For instalment buying terms
haven't been liberalized since
the frantic car buying year Of
1855; in that roaring period
terms about reached the toler-
able limit, and since then they
have stabilized.
! So. assuming you put down
$500 and pay OF in 36 months.
your payment will come to
Evening star., 1958-05-06
,.s YOUR
MONEYS WORTH
Gould Answer Be-Pice?
W SYLVIA PORTER

about tei a month. plus insur-
ance and financing charges.
All along, the buyer Of an
auto for cash has been acutely
aware Of the price rises.
Only since 1855 has the time
buyer Of cars felt the full Inn
pact Of price hikes-and the
time buyer accounts for go TO
10 per cent. or pehraps more.
Of all car purchases.
Can II not be that here lies
a dominant reason for the
sluegishness in the car market
In recent years2 Can It not be
that the simplest explanation
the fact that higher auto prices
are not now concealed by easier
credit terms, and other living
costs are way up--is q basic ex-
planation for what has been
happening in the auto marketP
Survey Recalled
AS far back as May 1857. the
Federal Reserve Boards survey
of new car financing empha-
sized that a great force in
1855 explosive auto market
was the easing of credit terms
then. and the Board warned a
year ago that. There is a real
question whether credit pur-
chases Of the 1855 magnitude
can be repeated soon :"
AS far back as October 1857,
the Federal Reserve Bank Of
Philadelphia issued a study Of
the car market. including the
figures at the start of this
column. Even as the 1858
models were coming out, the
Philadelphia bank was worry
ing out loud about the adverse
effect Of stabilized credit terms
plus higher prices on the car
buyer. and it warned that a
"resureent demand" for cars
might have to wait on an in
crease in the purchasing power
Of the consumers car dollar d.
In light Of what has hap
pened since. both reports were
prophetic. and thus their mes
sage warrants pondering.
distributed 1858 by he Hall Syndicate
Inc All RIGHTS Reseryed1 y
Evening star., 1958-05-06
Two Division Chairmen
Listed for Fund Drive

Two division chairmen were
named today for the current
fund drive Of the Washington
Convention and Visitors Bu-
reau, it was announced by Mil
ton H. SchloSser, campaign
chairman.
The drive seeks 100000 for
the bureau to promote con-
vention-visitor business in the
coming year.
William H. Gibson will head
the breweries division. while
Milton s. Kronheim is chair
man of the distilled spirits di-
vision. Mr.. Gibson is secre-
tary-treasurer Of Premium Dis
tributors, Inc, and Mr.. Kron-
helm is president Of Milton S.
Kronheim, Inc.
Evening star., 1958-05-06

told the pharmacists how to
benefit from capital gains and
Incorporating for tax pur-
poses.
Evening star., 1958-05-06
Bank Auditors TO Hear
Panel Of 3 Speakers

Officials of three Washington
banks will speak at the monthly
dinner meeting of the Auditors
Section Of the District Bankers
Association at the Burlington
Hotel Thursday night.
The speakers include: Albert
c. Seller, auditor, National
Capital Bank; T. B. Bogley, as
sistant treasurer, Munsey Trust
Co., and H. Thornton White
head, auditor, Union Trust Co.
Evening star., 1958-05-06

organization Of independent
casualty and FIRE insurance
agents. U
A third generation Washing
tonian and q graduate of the
University Of Maryland, Mr..
Barker succeeds Huntington T.
Block and win be installed at
q luncheon at the Mayfiower
Hotel this coming Friday.
Other new officers: Carl A.
Anderson, first vice president:
H. T. Beuermann. second vice
president; Ralph w. Lee III.
secretary, and Robert v. Oxen
ham, treasurer. Joseph l.. b.
Murray win continue to serve
as state national director for
the association.
New trustees are: Mr.. Block,
Gerald X. Cassidy, Preston w.
Grant. George c. Howard. jr,
Bernard M. Levy. Herbert M.
Pasewalk, Charles A. Short
and j. Douglas Wallop, jr.
Evening star., 1958-05-06
Tax LOOpholes Become
Traps, Pohlig Warns

Tax loopholes often become
traps, warned August F. Pohlig,
chief of the technical projects
branch of the Internal Revenue
Service, in a recent talk at the
District Retail Pharmacist
Seminar.
A tax benefit usually is a
selection between two evils,
merely affording the taxpayer
a choice, Mr.. Pohlig said. He
Evening star., 1958-05-06

leaders attending the Councils
l4th annual Washington con-
ference, Mr.. Mortimer said sup
port Of the campaign pledged
in advertising time and space
$50 far would. II bought at
commercial rates. total some
where between $40 million and
SIS million ovr the next -four
months alone" il
He noted that Al companies
already have either given or
pledged funds ranging from
$1,000 to $1,000. He is CO.
chairman Of the Industries
Advisory Committee Of the
council.
Evening star., 1958-05-06
National Support Seen
For Council Campaign

Nationwide support Of the
Advertising Councils Conf
dence In q Growing America"
campaign has been assured.
President Charles @. Mortimer
Of General Foods Corp. said
here today.
Addressing 225 top business
Evening star., 1958-05-06
~, 3 BUSINESS.
Barker Named to Heed
Casualty, Fire Agents
BY DONALD u. HADLEY
afar Financial Editor

Charles r. Barker jr. vice president and secretary Of
A. H. Baker Co., c has been elected president Of the District
Association Of Insurance Agents announced today
Mr.. Barkers election took place at the annual meeting
Friday His father Ralph Barker president OF the
Evening star., 1958-05-06
! 900 to Be Hired

FARMINGDALE. N. Y, May
s (R.-Republic Aircraft Corp.
viii hire more than 1000 work.
ers this month to step up pro-
duction Of F-105 supersonic
fighter bomberS.
Evening star., 1958-05-09
Stocks Higher,
Led by Rails
And SteeIs

NEW YORK. May o Up
Steels and rails were pacemak-
ers as the stock market im-
proved In active trading early
this afternoon.
Leading stocks we're up frac-
tions 10 around a point.
For the seventh time in eight
sessions the market was nov
ing into new high ground for
the year. although the average
Is Still far below the 1857 highs,
The market was slightly
higher nt the opening. which
was active enough 10 cause a
brief late spell In the ticker
tape. Prices kept a narrowly
higher edge for a while and
then wldened somewhat.
The overnight news was hard
ly bullish. including reports that
auto sales in April failed TO re-
spond 10 seasonal factors and
that total employment in man
ufacturing lines dropped be-
tween mid-March and mid
April. But Wall Streeters re-
ported that considerable invest
ment money, notably from in
stitutions. is available for stock
purchases and this continues TO
firm the market,
The Associated Press average
Of so stocks at noon rose 80
cents to $l70.l0 with the indus
trials up so cents, the rails up
so cents and the utilities un-
changed.
Corporate bonds and U. s.
Government bonds declined.
Evening star., 1958-05-09
EzZZNZZ7

COMMON STOCK DIVIDEND
'Srd Consecutive Quarterly poymeni
The Board Of Directors Of
Seaboard Finance Company
declared a regular quarterly
dividend Of 25 cents a share
on Common Stock, payable
July 10. 1858 to stockholders
Of record June 10, 1858.
PREFERRED STOCK DIVIDEND
The directors also declared
regular quarterly dividends Of
Sl.lSA on the $4.75 Sinking
Fund Preferred Stock, SIPS
on the $500 Sinking Fund
Preferred Stock. SIPS on the
$500 Convertible Preferred
Stock, Series A and B, all paw.
able July 10, 1858. to stock.
holders Of record June 10, 1858.
EDWARD L. JOHNSON,
April "a. 1858 Secretary
Evening star., 1958-05-09
BUSINESS
BRIEFS
HEAVY construction contract

Heavy construction contract
awards reported for the week
ended Monday declined to
$3.50, $4,000 from $4S5. $40, 900
the previous week. This COM
pared with $685.. .2O5. 900 for the
like week a year ago. The cur
rent weekly total is made up
of $147,24O,O0O in private and
$685. $4,000 in public con-
struction.
Loans to brokers and dealers
on other than United States
Government Securities held by
member banks in New York
City totaled $977. 900, 900
Wednesday, an increase of SIS
million from a week before,
and a decrease of $50 million
from a year before. Federal
Reserve Board.
Rail freight lOadingS re-
manned around recent low
levels last week, when the vol
ume came to 533,004 cars. This
volume, for the week ended
May 3. was 720 cars or OIL per
cent below the preceding week.
1882 cars or 25.9 per cent
below the corresponding week
in 1857, and 237,554 cars or
30.8 per cent under the same
week in 1956.-Assn. of Ameri-
can Railroads.
American Motors reports it
added Ill new dealers in April.
This brought to 39l the num-
ber added in the first four
months of 1858.
International Nickel Co. of
Canada reports sharp declines
in sales and earnings in the
first quarter. The company,
which twice has curta1led pro-
duction because of supply ex-
ceeding demand, had earnings
of S12,213,000, equal to SO cents
per common share. Compared
with net income of $23, ,504 900
or S1.61 a share in the similar
1857 period. Sales declined to
$S5, $4,000 from $109,928 900 a
year earlier.
Greyhound Corp. reports a
first quarter liet loss of 81, l,292,-
472 compared to a profit Of
$9.17l for the same three
months a year ago. Operating
revenues rose to Sos, $3.50, ,223
from $6l,2O9.71O in the March
1857 quarter.
Other earnings reported:
Fer Three Months Ended March 81
Evening star., 1958-05-09
PEOPLE
IN
BUSINESS

Walter S. Shafer. former
Armour g. Co. executive. mas
been named director of the Of
flee of International Trade
Fairs in the Commerce Depart
ment. He succeeds Nathaniel
Knowles. who returns to his
post as deputy director of the
Bureau of Foreign Commerce.
John e. LOonnis was named
associate director of the divi-
sion of corporate regulation of
the Securities and Exchange
Commission. He succeeds
Joseph C. Woodle, who became
director.
DIR. Arthur S. Patrick, pro-
fessor and head of the depart
ment of Office MANAGEMENT at
the University of Maryland. has
been elected director of Area 3
of the National Office Manage
ment Association.
Leonard L. Fischman has
opened Offices as an economic
consultant at 1888 jefferson
place, NV.
Nat Albright has been named
radio sales director of sporting
events for Station WINK of the
United Broadcasting Co.
Joseph TubiOlO, president of
Sports Attractions. Inc, an
nounced the moving of the
firms Offices to 8720 Flower
avenue, Silver Spring, Md.
Richard w. Valentine, mem
ber Of the Washington staff of
American Airlines for seven
years, has been promoted to a
position in the company's New
York headquarters.
Russell V. Jones, formerly as
sociated with j. D. Marsh &
Associates here, has become res
ident associate in Canton for
Financial Corp. of America.
John J. Hamilton. 79. who
has never driven a car, won a
VolkSwagen in a recent contest
of Republic Savings and Loan
Association. He formerly was
official court stenographer for
the Justice Department.
Evening star., 1958-05-09

Hourly Sales on the Exehanse
ll:OO am $50 900 Noon 200 600
loo pm $50 600 2.OOpm 600 600
unit Of trading 10 shares or sales
In full Rates Of dividends In the fore.
going table are annual disbursements
based on the last quarterly on semi.
annual declaration Unless otherwise
noted. special or extra dividends are
, Annual rate plus stock dividend
Declared or paid in 1857 plus stock
dividend e Declared OF paid so far
this veal { PAYABLE in stock during
1857, estimated cash value an eX.
dividend OF redistribution date Pad
last veal Declared OF paid after
stock dividend ot splitup Declared
OF paid this year an accumulative
issue with dividends IN arrears Paid
this year. dividend omitted, deferred or
no action taken at last dividend meet.
ing. Declared OF paid in 1857 plus
stock dividend. Payable IN stock
during 1858. estimated cash value on
y Liquidating dividend, cid Called X TX
dividend KIDS Ex distribution. xr EX
rights. XIV Without warrants. WV With
warrants. wd When distributed wi When
issued. nd Next day delivery. q In bank.
Tuptcy or receiyership or being reor-
ganized under the Bankruptcy Act, or
securities assumed BY such companies,
Evening star., 1958-05-09
CHICAGO GRAIN

CHICAGO. May 2 R-Prices Of all
grain futures were steady 10 firm IN
early dealings on the Board of Trade
today
The May contracts Of wheat corn
and rye we're bid UP around a cent
bushel at times in fairly brisk short
covering. other grains we're mostly
within minor fractions
Near the end of the first hour wheat
was u to ! "a cent a bushel higher.
May 90 1879: corn UNCHANGED to u
higher, Nav 81 27k; oats UNCHANGED
to "a higher, May. .64%, rye Y 70 =
to 81 higher, May SO 265s. lard to
cents = hundred Lbs. higher. May
Evening star., 1958-05-09
N. Y. COTTON

NEW YORK. NAV R.-Priees
dropped slightly from the days best
levels during the late morning. Profit
taking and hedging met less aggres-
stve demand for contracts.
All but one Of the five May trans
ferable. notices were reported promptly
stopped
The Department Of Agriculture is
sued an authorization of 81 100000 to
Spain covering about 23,50O bales and
boosted previous grant to France by
$500 600 covering $500 bales
Noon prices we're 30 to As cents a
bale higher than tire previous close
May 36.l7, July 3656 and Oct 37.14
Evening star., 1958-05-09
Other earnings reported:
Fer Three Months Ended March 81
Airport Hotel Opens

NEW YORK, May 9 (P.-
The swank 320-room Hotel In
ternational is open for business
today at International Airport.
Built by the Port of New York
Authority, it was leased for. 25
years to Knott Hotels Corp.
for nearly $12 million.
Evening star., 1958-05-09
N. Y. PRODUCE

NEW YORK, May C9 (UsDA). y
Wholesale egg prices we're unsettled
TODAY, Receipts, lS.200. CWholesale
selling prices based on exchange and
other volume Sales) New York spot
quotations follow: Includes Midwest
ern: Mixed colors: Extras (4S-50
lbsl 39R-4l; extras large (45-4S lbs
39-3912; extras medium 35-36. stand
ards large 3S-39: checks 1894.
Whites, Extras $3.50 lbs) 4O-4i
extras large li5-4S lhs) 39ia-40; ex-
tras medium 1886. Browns Extras
1880 lbs) 41-42
Includes nearby: Whites: Top
quality, t4S-50. lbsl 40-i2; mediums
55-35la; smalls 32l2-33. Browns
Top quality t4S-50 Ibsl 4O-411s; me-
diums 37-3S; smalls 35is-36.
Butter steady. Receipts 3o3 900.
wholesale prices on bulk scartons
tfreshl. Creamery, g3 score (AAD
5s'4-59 cents; 90 score (A) 5Sla-5Ss4
90 score tBD 5734-5S.
Cheese steady, Receipts none. Prices
UNCHANGED
Evening star., 1958-05-09

xFx dividend Books closed fPlus
extra or extras a Declared or paid so
far his year. Paid last year. xrEx
rights.
Evening star., 1958-05-09
DIVIDENDS

NEW YORK, May o B.-Dividends
announced:
Si0rL
Evening star., 1958-05-09

NEW YORK. May 0 N.,-apot non
sTsoa @sss ssa, prices oas, seRes, g,e.,
Valley, Lead IL cents 4 pound NeW
York Zinc 10 cents a pound, Fast 81
Louis, Tin rs centa 4 pound New
YORK, Foreign silver $50 cents per
troy ounce, New York
Evening star., 1958-05-09
~Hn-'0T TpADiNG

NEW YORK. May q OP-The New
Vors Stuck Exchange reported today
thes' odd lot transactions hv principal
dealers for NAV s: purchases Of 947 :
70I shares; sales OF 2to.40R shares
including 6.070 shares sold short.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-27
PILLOW TICKS AND COVERS

CSC Pillow Ticks, extro heovy in prints sSe
e9c Pillow Cover. zippered. in prints sss
7ec Percole Cover, white, zppered, reeuor 6se
79c Percole Cover for foom pillow see
49e Plastic Cover, zppered 45e
Sh Floor Washington rd Floor, Siper Spring
and PARKinQton
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-27

Protect moess top ond sides Fits snuoy Corners give for
cosy on-ondoH Sonforzed for minimum shrinkooe Quilted
tops In piofiIm bog each pod fresh when you buy it,
5.eo Twin SALE 3.ss
$50 Double SALE 4.ss
DE LUXE QUALITY double box stitched All white filler Son.
orzed for minimum shrnkooe.
500 Twin SALE 500
7.e9 Double SALE $50
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-27

Our finest "eid- foshionsd' pillows
PlVmplY filled with white soossds~n
covered with de~npreef ticking.
Gverenissd 10 plsoss For 5 yseSS.
7lE27" cut sire.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-27

What selection famous brands quality linens
special White Sale Savings Check md
list Just what need the Heht
wdnf at the price you
maker isn't " this the kind OPPORTUNITY can't afford
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-27

Plvmply filled with crushed goose ond
dUek fsoihsra Covered IN eornivol
striped ticking in Postsls on white.
7lE77" cut sine. i.e9 CHICKEN FEATHER
Pillows, z FOR $50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-27

Self fluffy bed pillows filled with Sose -
duck fseihsr end loeo down s5dsd
fer sSire comfort. Covered with sturdy -
cotton ticking.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-13

Just O limited quantity! Help so
much to check summer heat and
dompness. 5-yeor worronty on COM
pressor portions. Metal cabinet. No
installation necessary.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-13
THE HEIGHT CO. IS FAMOUS FOR
ASSIGNMENTS OF AIR CONDITIONERS

family needs and have them this summer!
You'll find right and at the Right Price
aThe There's credit keep cool
budget payments Think won the children sleep better IN air
conditioned condition kitchen cook COO. cook the
rood family Don't let heat keep
your the basement ve chances need dhader
to keep dry comfortable Pick condnery pick prices
from the Hh Co.'S Washington 4 Floor.
Siver Spring and PARKington.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-08
DEBUT REPEAT

The first debut porty of the little
season" was in way repeat,
Lqst Wednesday afternoon toll,
blond Edith Draper Blair was formally
presented to society at reception at
Anderson House.
The porty Wos given by her parents,
Pr. and Mrs. Montgomery Blair, who
have long been prominent in "oId
Washington" society, as their families
were before them.
X Mrs. BIoir and her sister oIso mode
their debuts in Washington They were
presented to society at the same party
by their grandmother, Mrs. Frank
MITCHELL Mrs. Blair is the former Miss
Virginia Mason and her sister is the
former Miss Mary Eulo Mason.
The "repeot" seems to be family
thing. The two Mason sisters married
Blair brothers, DR.. BIoir and Mr.. Will
liam Draper Blair. All we're on hand
for the porty for this years debutonte.
The Porty, which took place in the
historic and elaborate mansion, wos the
perfection of traditional debut down
to every detail.
Another Washington tradition was
the result of this debut = another Blair
has joined the ranks Of society in the
Nations Capital.
The frontiersman., 1958-02-06
EXTENSION SER VICE
 NOTES
By H. w. PillsburY Extension Hor1iculfuriS4

Now is the time to start plan ming for your 1858 garden, says H. w. Pillsbury, Extension Ser vice horticulturist. The new var iety list for garden crops in Al aska will soon be available for distribution. Don't wait until the last minute and then use what ever seeds are available. Your neighbours fine garden did not just grow" like Topsy. It was the result of careful planning many months earlier,
 Start by sending for several seed catalogues. These are more than just interesting books with colored pictures. Nearly every one carries a world of infor1na- ton on such matters as when to plant, how much to plant, when and how to fertilize for best re- suits, and when to harvest. Many even tell how to handle and store the crops after harvest.
 Don't be overly concerned be- cause the seed catalogue did not happen to be printed in Alaska. Seed growers recognize their cat alogues will be read over great geographical distances and most include planting tables with a suitable correction for each lo- cation.
 In Alaska the local extension agent will provide timely sug- gestions as to dates and methods of planting through news releas- eS.
 Plan carefully to have your garden produce what your fam fly needs. A garden balanced against what the family can use will De a real supplement to your income but an unbalanced garden is only an added expense.
The frontiersman., 1958-02-06
Special Services

Harry Cordeil, your Singer Sales and Service representa- tive in Palmer will be in the Valley the End and 4th Tues day of each month. Write Singer Sewing Machine CO, 519 E St., Anchorage for ap- pointment, or ask for Harry Cordell when in Anchorage. C-9-13-tf.