davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12
Chalk Announces Plan
To Acquire Companies

o. Roy Chalk, chairman Of
the board of Transportation
Corp. of America, today an
nounced his firm is embarking
on an expansion program by
acquiring companies. Mr.
Chalk also is president OF D. c
Transit System, Inc. Trans.
portation Corp. of America was
formerly known as Trans Car
ibbean Always, Inc, which
appears on Washington's street
cars and buses.
Mr.. Chalk said he is inter-
ested in acquiring other CON-
panies. He said that prefera-
bly,, but not necessarily, they
should be in some phase OF
transportation, show minimum
earnings of 100000 annually
have management interested
in expansion and willing to
continue under favorable en-
ployment contracts.
I'VE have considerable cash
resources available for acqui-
sition purposes, Mr.. Chalk as
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12
woodward g. LOthrOp
Stock is Evaluated

Alex Brown g. Sons, members
of the New York Stock Ex-
change, in an evaluation of
Woodward & Lothrop, said its
common stock at its current
market price is ian attractive
issue offering a combination of
good yield and above-average
appreciation potential in the
department store industry"
The comment said: There
are many valid reasons why
Woodward & Lothrop should
continue to forge ahead. It's ca
pable, aggressive management
has been a driving force in re-
shaping established concepts
and has developed a record of
recognizing its entire store
plant, reducing costs, establish
ing an up-to-date system of
inventory control, successfully
resisting a Nationwide trend
away from downtown shopping,
while at the same time CAPT.
talizing on the growing popu-
larity Of suburban shopping by
establishing strong footholds in
areas of dynamic suburban
expansion"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12
5-to-1 Split
Is Proposed
For C&P

Application to split its capt.
tai stock five-for-one has beer
made by the Chesapeake &
Potomac Telephone Co. to The
District Public Utilities Com
mission.
The action, approved by the
C&P's Board of Directors
July 80, is intended to bring
the par value more in line
with that. of other utility and
industrial stocks in the area.
There are / million shares
of $100-par stock now out
standing. all of it owned by
the American Telephone &
Telegraph Co.
Since none of the stock is
traded publicly, the telephone
company in its petition yes
terday asked for a favorable
ruling on the split without q
public hearing.
If the PUG concurs, the
present 500 shares would be
split to make five $40 shares
The telephone company said
this would allow comparisons
of earnings and dividends to
be stated on terms more COM
parable to other corporations
Last year cap reported a
net income of $7,222,075 and
paid dividends Of 81 per share.
At the requested five-way split,
last years income would have
paid $1.40 per share.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12
YOUR
MONEYS WORTH
u. S. Bonds Face Controls
BY SYLVIA PORTER

If you buy $1,000 of a stock
listed on the New York Stock
Exchange today you must put
up 5000 of your own cash.
You can borrow only 500 to
buy this stock. Under special
law and regulation. your mar
gin requirement on stocks is
now 80 per cent.
If you use the $1,000 to buy
Treasury securities traded in
the New York open market to-
day, though, you need put up
only $50 of your own cash
only $50!
You can borrow the other
$3.50 to buy Treasury securi-
ties. And SO haphazard is the
regulation of credit to finance
purchases of marketable United
States securities that a really
big buyer who has good bank
ing connections may arrange a
margin requirement of even
less than 5 per cent.
No Effective Control
There is nothing approach
ing effective control of cred
it to finance purchases in the
United States Government Sc
curitics market.
There is no regulation of
this market as we have become
accustomed to regulation of
the stock market since the mid
30s. There is no supervision of
operations in this market as
we understand supervision"
There is no formal organiza-
ton of this market as there is
of the markets for stocks, COM
modities. other types of bonds.
But this situation is not
likely to continue much longer.
A move toward imposition of
general margin requirements
on trading at least by indivi-
duals and "outsiders"-mean-
ing on trading by all except
the few professionals who
make" this markets. under
way.
Last week Senator Douglas,
Democrat of Illinois, who heads
the Joint Economic Committee
of the Senate and House,
moved the committee to New
York to question the Nations
experts on Government securi-
ties.
While the committee men,
bers-including New York Re-
publican Senator JavitS and
Texas Democrat Representative
Patman - came prepared to
hear some startling facts, even
they WINGED as they heard:
So vast is the market that
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12

serted. I'VE will also consider
a tax free exchange of stock
If desired. Brokers and finders
are protected, of course"
Trans Caribbean Always
Inc, continues regular SEIZED.
uled airline operations between
New York and San Juan, P. r
Mr.. Chalk said Transportation
and subsidiaries are engaged
in addition, in the automotive
industry, including transit op.
erations, as well as sales anc
distribution of vehicles, en-
gines and parts.
He pointed out they are also
engaged in transportation re-
search and management, in
GLIDING Monorail development
and other new modes of mass
transportation as we'll as mu-
nicipal and private transporta-
ton surveys. Further, he said
they are interested in real
estate and the construction in
dustry, including land develop
ment, building and roads con-
struction.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12
CHICAGO
LIVESTOCK

CHICAGO, Aug. IL (AP) CUSDA).-
Hogs, $500. SLOW generally steady or
butchers. some early sales under 23C
lbs. strong. with instances 25 higher
but later trade all weights steady tc
weak; sows steady to 25 higher butch.
ers 1925 lbs. comprised bulk, with
little over ESQ lbs. or under 1870 lbs.
mixed grade 2-3 and mixed Is, 2s and
Ss ost 19o2sQ 4d4 butchers AZ SSl4 ,t 90
several lots mixed 1-2 and IS 2O0-23C
lbs, 1450-14S5; a few lots Is 200.
go lbs 14.75-l5.0Q; around $50 head
closely sorted, 1890; a few lots Pa
small y Volume mixed 3 II iso-i90 lbs.
l3.75-14 .35;. mixed grade 1-3 275-350.
lbs sows, 12.00-13.25; a few lots IL
275-300 lbs, 13.25-13.50: mixed 3.
35o-450 lbs, 11;50-I2;25: mixed pa
Cattle, $4,000; calves, 100; genera
trade on slaughter steers moderately
active and steady to % higher closing
market a little less active than early;
heifers active, stead VITO % higher;
steady to strong. vealers and stocker;
and feeders steady: quite a few loads
Of prime 1,170-1 335-lb. steers, 1915.
90 so; load 1850 lbs, 5000; bulk
choice and mixed choice and prime, all
400 lbs, $3.50; good to low choice
25.25-27 90; load lots mixed good anc
choice cool $50 lbs, 27.O0-27.25; 8
few loads high choice and mixed choice
and prime heifers, 81 .25-27 so; bull
good and choice, "a 1927 90; utility
and standard, 10 50-24 90; utility anc
commercial cows, 1883 90; Gamers
and cutters, IA 50-1S.50; most utility
and commercial bulls. 22.O0-24 90
standard and good vealers, $500.
80 00 culls, down to 1900; a load Of
good 525-lb. stock steers, 20.O0: few
loads 600 dand choice S00-965-lb. feed.
ing steers, 26.00-2S 90.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12

full for the regulations. 1t can
happen again."
The way is being prepared
for the imposition of margin re-
Jquirements in the Government
securities market.
The days OF a vast, morgan
lied, unregulated United States
Government securities market,
in which the amateur specula-
tor can play" without super
vision and without regard to
what harm he can do, are num-
bered.
distributed 1850, by The Hall syndi-
cate, Inc. All Rishts Reserved.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12
Short Ford Shutdown

DETROIT, Aug. IL (AP).-
Ford Motor Co. said yesterday
its assembly lines will be shut
down only two to three weeks
for 1860 model changeovers.
In poor car years some shut
downs have extended six weeks
or more.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12

over 5000 billion of treasury
securities are traded in it each
year. This is more than five
times the dollar volume OF
trading in all stocks and bonds
on the New York Stock Ex-
change.
Concentrated Market
So concentrated is this mar
ket that virtually the whole
81 billion of average daily
trading is done through only
II organizations - IL invest
ment houses and five banks,
nearly all headquartered in
New York.
So informal is the setup that
just about every transaction is
done over the local or long
distance phone.
So unregulated is the mar
ket that an amateur Spectator
long on convictions and con-
nections but short on cash can
buy" hundreds of thousands
of dollars of United States Sc
curities with only a few thou
sands of his own money. If
the market goes the way he
expects, he can make huge
profits. If it doesn't, he can be
wiped out as quickly as the
thinly-margined SPECTATORS in
stocks we're wiped out in the
late '20S and early '30s.
wall Street fought Congress
when it moved in and imposed
regulations on the stock mar
ket in the '30s." emphasized
Senator Douglas several times
when I interviewed him during
an intermission in the hear
ings. Now Wall Street is CRATE
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12
VEPCO Lists 116,343
Residential Users in Area

The Virginia Electric and
Power Co. announced that in
the Alexandria Arlington Fair
fax section in July there were
116,343 residential customers
Total customers were 126,246
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12
Universal Marion Pays
80 Cents for Sd Quarter
Peoples Life Insurance
Announces Quarterly Diyi6


The board of directors of
Peoples Life Insurance Co. to-
day declared a quarterly divi-
dend of is cents a share on the
capital stock of the company.
This will be paid September IL
to stockholders of record Au-
gust %.
Of1cials said capitalization
of the company is now $3.5
million, representing 100000
shares outstanding. There are
more than 1850 stockholders OF
record now, D. B. Swecker,
sales promotion manager, an
nounced.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12

ulPIlu LOT SVeel III Iile tApOIIlIlS
countries own homelands.
Since steel mills in this
country are closed because of
the strike. other countries need
tinplate for their canning dur
ing the harvest season, officials
said. This is a factor in slowing
down imports into the United
States.
For the first six months of
TINS year, the total imports of
steel mill products were 1.9 mill
lion net tons. This cohtrasted
with the first six months of 1858
of. only 100000 tons. For the
entire year of 1858, some IT
million tons of steel were i'm
ported. Imports during 1857 to-
tailed IL million tons.
Foreign Needs Grow
3. Dean C. Peterson. interna-
tional economist, Commerce
Department, observed tn a t
there is an increased demand
For steel within Europe and
Japan. Their own general in
dustries are operating at a high
level. So that limits their steel
firms ability to sell here.
Mr.. Peterson said the princi-
pal countries that have been
sending steel to the United
States are Belgium and Lux
emburg, which hold first place;
Japan, which is second, and
West Germany, France and the
United Kingdom. There was
some stocking up of steel here,
in anticipation of the strike.
Off1cials have been advised
that the steel strike has af-
fected the imports of iron ore
from Canada through the
Great Lakes. This may well
have a repercusSion after the
strike is settled. During open
water on the lakes, it has been
customary to import ore for
the steel mills. Winter will
close down navigation.
The American Iron and Steel
Institute points out that As
nations have sent one or more
of steelmaking alloy ores and
these shipments have been in
creasing. The United States
mines ore deposits of IL of
these elements, "a greater dl-
versity than is known to exist
in any other nation, according
to Bureau of Mines data"
U. S. Sources of Ore
Manganese ore, chromium
and nickel were previously i'm
ported in appreciable quantities
from Russia, but are no longer
available.
The Institute said major
sources of manganese ore for
the United States include
Brazil, India, Ghana, Union Of
Sluth Africa and Mexico.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12
'3Ss':BnszNEss
urIyToperingO HSeen
For Imports Of Steel
By WILLIAM A. MILLEN
Star Staff Writer

Although steel imports this year have stepped
seraby Commerce Department experts oresee early
ering off.
They think this will be due to ncreas prices the length
of delivery periods the fact that steelmporng
tries world placing orders and the added
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12
American Airlines to Add
Jet Flight at Friendship

American Airlines announced
it will double its jet service be-
tween Washington and Los
Angeles August 81, when it adds
a second nonstop TOT Flagship
flight out of Friendship Airport.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12

Chromium comes from Turkey,
Southern Rhodesia, Union of
South Africa and the Philip
pines now, as we'll as Cuba and
Guatemala.
Nickel comes from Canada,
the principal source, Cuba,
Burma, New Caledonia and the
Union of South Africa, it ex-
planned.
In addition, boron, cobalt,
columbian, copper, molybden-
UNI silicon, titanium, tungsten,
vanadium and zorconium are
principal alloying elements used
in the making of steel, the In
stitute said. These come from
various lands.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12
OVER COUNTER

Washington listings on over-the-
counter markets furnished by the Ma
tional Association of Securities Dealers
as OF l pm. Wednesday. August IL:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12

and total kilowatt hour sales
were 99,947, 900, G. A. Spencer,
assistant treasurer, said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12
TREASURY BONDS

NEW YORK. Aug. u CAP).-Yester.
days closing Over-the-counter U. S. Gov
eminent Treasury bonds.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12
National Savings & Trust
Elects Bentley Treasurer

President Bruce Baird, who
is also chairman of the board
of the National Savings g.
Trust Co., announced David
W. Bentley was elected assist
ant treasurer of the company.
Mr.. Bentley, assistant man.
ager of the Capitol Plaza Of
flee, has been associated with
the bank since 1851. He is
actively identified with the
American Institute of Banking,
is now attending Georgetown
University to secure a degree
in banking and is secretary of
the Northwest Washington
OptimiSt Club.
He has played a prominent
part in the Junior Chamber of
Commerce and the United
Givers Fund and is a member
of the Kenwood Country Club.
Universal Marion Pays
80 Gents for Sd Quarter
The directors of Universal
Marion Corp. have declared a
dividend of 80 cents a share
on the capital stock for the
third quarter of 1859. This is
payable September IS to stock
holders Of record September S.
President James Mullaney
said net earnings for the Sec
ond half of the year will con-
tinue the present favorable
trend. For the first half net
income totaled $2,285, 631, equal
to $1.31 a share on l,740.477
outstanding shares, compared
with $1,926,866 or Sill per
share in the first six months
of 1858.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12

Prices quoted in dollars and thirty
seconds.
Subject to Federal taxes but not to
State income taxes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-12
FOREIGN EXCH'GE

NEW YORK, Aug. II tAP).-Foreign
exchange rates Great Britain in dol
lars, others in cents and decimals OF
cent?:
Today Prev. Day
Canada In N. Y.
The Sidney herald., 1959-12-16

starting at 900 am.
The feedlot tour starts promptly
at 1000 am. from the Lalonde
Hotel and includes the following
stops: cattle and lamb feelings,
Chris Iverson and Joe Steinbeisser;
lamb feeding at Martin L~aursen's;
cattle feeding at the Holly Sugar
feed lots.
The 1870 pm. educational pro-
gram at the Yellowstone Live
stock Pavilion consists of two PAN
els Taking a look at the carcass
type of the future, both lamb and
beef" and Developments. in Live
stock Nutrition" Feeders, buyers,
state college men, and representa-
tives of industrial firms, packers,
commission firms and other inter
ested people will appear on the
panels. E. T. circuit, Extension
livestock specialist, Montana State
College and Ingvard Svarre, Co.
owner, Yellowstone Livestock
Commission sales pavilion, will be
the moderetors.
The featured speaker at the BAN
quet will be r. E. Davis, Manager,
Lamb & Veal Purchasing and
Feeding operation, The Rath Pack
ing Company, Waterloo, Iowa.
Dean Turner, special representa-
tive, Holly Sugar Corp, will be
The Sidney herald., 1959-12-16
o Outstanding
Junior Farmer
To Be Selected

Richland County's outstanding
young farmer of 1859 will be
honored at the Lower Yellowstone
Feeders Day tour to be held in
Sidney, January 8, according to
Lester Brockmann, chairman of
the committee conducting the pro-
gram for the local Junior Chamber
of Commerce.
This selection will be part of a
nationwide search to select and
honor the nations four outstand-
ing young farmers of 1859, which
is conducted annually by the
United States Jaycees in coopera-
ton with the American Petro-
leum Institute Committee on
Agriculture.
Any successful farm operator
who derives two-thirds of his an
nual income farming and is be-
tween the ages of 81 and 35 is
eligible for the award. Basis of
judging is outstanding progress in
farming and contributions made to
community betterment and con-
servation practices. A panel of
leading community agricultural
leaders is making the selection.
Winner of the local contest is ell
for the state contest to be
held in Billings. The national con-
test will be held at Bakersfield,
California in April of 1860.
Richland County's 1858 winner
was Melvin Rauschendorfer who
farms northwest Of Sidney, near
Poplar.
The Sidney herald., 1959-12-16
JUDGE F. S. P.
F0SS FUNERAL
HELD TUESDAY,

Funeral services for District
Judge F. S. P. Foss, ~, were held
Tuesday afternoon at the Koch
Huebel- Silvernale Funeral Home
in Glendive. Burial was in the
Dawson County Cemetery.
Judge Foss. died at his office in
the Dawson County courthouse
Saturday afternoon following a
coronary attack. He had been in
failing health the past year.
Judge Foss served is years in
the Seventh judicial District and
was well known throughout east
ern Montana.
He was born in 1887 in Barns
vile, Mimi, and studied law at
the University of Southern Cali
fornia. He was active in sports
there and vas captain of football
teams through his college years.
In 1912 he graduated from law
school, was admitted to the bar
and married Elizabeth Alice Healy
of Glendive.
He took an interest in sports
activities while serving as district
judge and promoted baseball teams
for the youth of the county.
A successor to fill his term will
be appointed by Gov. j. Hugo
Aronson, and will be Aronson's
18th district court appointment.
Judge Foss was a past master
of the Masonic lodge and a life
member of the Moose lodge.
Survivors,, besides his widow, in
clude two sisters, Mrs. o. l.. Jer-
roll Of Missoula and Mrs. Del
bert Richey of Glendive.
The Richland County Court
House was closed during the
funeral hour and all local attor-
neys were in Glendive for the
funeral service.
The Sidney herald., 1959-12-16

ed to the ASC office.
If a practice is substantially
completed, however, the County
ASC committee may approve an
extension of time for completing
a practive under the 1859 pro-
gram provided the operator re-
quests an extension from the
county committee on or before
December 81, Mr.. Anderson added.
All persons participating in the
Agricultural Conservation Pro-
gram should contact the County
ASC office Immediately to report
completion of practices or report
progress of work on practices not
completed and request an extern
sion of time if the practice is
substantially completed or reap
proval of a practice under the
1860 program if it is not subStan-
tally completed. Operators are
urged to discuss any problems in
connection with the 1859 AC
Program with the county commit
tee or county office personnel
prior to December 81, 1859. !
The Sidney herald., 1959-12-16

Mrs. AL Johns, Mrs. Ben Hubley,
| Mrs. Elmer Sorenson, Mrs. Harry
Mikelson, Mrs. Bert Weber, Mrs.
Glenn Hartman, Mrs. Lucy Fisher,
Mrs. George Schafer, Miss 10
Rogers, Mrs. George Blubaugh,
Mrs. c. Rasmussen.
Gray Ladies volunteering we're:
Mrs. Leon Meyer, Mrs. Albert
Emily, Mrs. Ray Trudell.
Doctors, Registered Nurses and
Practical Nurses volunteering
their services were: DR.. R. A.
Hyde, DR.. j. S. Pennepacker, DR..
r. Harper, DR.. John Low, Mrs.
Erwin Krejci, Mrs. Nick Schneider,
Mrs. Royale Koch, Mrs. Roy Gal
braith.
The unloading and s%etting-up
was done by members of the High
School Key Club: Dennis Williams
Bob Jensen, Darrol Knote, Jack
Redgren, Bob Chambers.
Volunteering to reload the truck
were: Mr.. Warren Dawson, Mr..
Ray Trudell, Mr.. Faustino Con
zales.
The Sidney Elks Lodge donated
the use of their Elks Hall and
equipment. Also furnished the ice.
Blood Donors were: Mr.. Albert
Hansen, Mrs. Ruth Hubley, Mr..
Sobolik, Mrs. Olive Hartman, Mrs.
Nora B~aadsgaard, Mrs. Evangeline
Howard Norgaard, Mrs. Beatrice
Burau. Mr.. Rex Smelser, Mrs.
liver I~verson, Mrs. Eva B%lanford,
Mr.. Donald Blanford, Mr.. Robert
Verhasselt, Mr.. Eston Sobolik,
Miss Jean McWilliams, Mrs. Susie
Larson, Mrs. Avis Miller, Mr.. Basil
Herbst, Mr.. Andy Anderson, Mr..
Curtis Jensen, Mr.. Elmer Allen,
Leon Meyer, Mr.. Edward Rem
ner, Mr.. Bob Bump, Mr.. Dan
Mr.. Vern Wilson, Miss Con-
ME Foss, Mrs. Opal Berry, Mr..
Dale Berry, Mr.. Chester Dore,
Mrs. Betty MERCER, Mr.. Donald
Mercier, Mr.. Douglas Hays, Mr..
Harold Etzel, Mrs. Elaine Emily,
Mrs. Leone Wilson, Mr.. Norman
Atwood, Miss Carol Kunstman,
CONTINUED ON PAGE 81
The Sidney herald., 1959-12-16

Fat the Airport by LOO pm.
Santa is scheduled to arrive at
the Courthouse by 1870 pm. fol-
lowing the usual downtown tour.
All children 7 years of age and
younger are to meet in front of
the Courthouse where Santa and
his helpers will be giving out the
treats. Eight year olds and older
will receive their treats from
Santa's helpers at the City park
across from the Moose Hall.
Santa's helpers are holding their
annual sacking bee Friday even
ing at the Legion Hall. The or
CARNATIONS who furnish Santa's
helpers include: Knights of Column
bus, Kiwanis, Elks, Moose, VIEW,
American Legion and the Sidney
of Commerce.
The Centre Theatre is having
their annual free show for all
young children Wednesday after
noon, December %.
The Sidney herald., 1959-12-16
Estimate Record
Christmas Mail

Postal authorities in Washington
estimate Christmas mail on a ma
tionwide basis will be the highest
IN record for greeting cards and
parcels, Postmaster K. G.. Carpen-
ter announced today.
These conclusions are based on
samplings of postal receipts made
in several major cities across the
country which show anticipated
increases Of 2 to S per cent over
last year.
Postmaster Carpenter called at
tention to the recent action of the
Civil Aeronautics Board which ap-
proved Postmaster General Sum-
merfield's plan to make use of
surplus space on commercial
planes to speed the movement by
air of First-class mail during the
Christmas rush.
Local mailing conditions, Post
master Carpenter stated, show an
increase, to December IL of this
year, of 9A % over last year. Altho
some of this increase is accounted
for by the postal rate increase in
August yet this increase shows
that Sidney is constantly and
steadedly growing.
The Post Office Department
once again plans to deliver all
Christmas mail prior to Christmas
day as it has for the past several
seasons, Postmaster Carpenter not
ed, in urging local mailers to o.
operate with the Post Office De-
partment by mailing Christmas
cards and packages early.