davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01
Black & Decker
Stock Split FL

BALTIMORE, Sept. l (AP)
"A 2-for-1 stock split was APP
proved yesterday by stockhold-
ers of the Black g. Decker Man.
ufacturing Co.
After the special stockholders
meeting the board of director;
declared an initial quarterly
cash dividend of 30 cents a share
on the 2.l52.838 outstanding
common shares resulting from
the split. This represents a &c
per cent increase over the So
cent dividend paid on the
1.076.4l9 shares outstanding be-
fore the split.
The new dividend will be pay
able September 80 to stockhold.
ers Of record September Is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01
PUG Authorizes
C&P Stock Split

The Public Utilities Commits
sion yesterday authorized the
Chesapeake & Potomac Tele-
phone Co. to make a five-for-
one stock split.
The commission issued a GER
tificate authorizing it TO
change the par value of its
authorized and outstanding
shares OF stock from 500 per
share to $40 per share. 1t also
empowered the company to
change each share presently
outstanding for five shares Of
the new $40 par value stock.
Under this program. the 1
million shares now outstanding
will be changed to 5 million
shares.
There was no opposition to
the company's request.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01
Rickenbucker
Yields Post
To MocIntyre

NEW YORK, Sept. / (AP).-
Capt. Eddie Rickenbacker, So.
Is giving up the title Of chief
executive officer of Eastern Air
Lines
He will continue as chairman
Of the company in which he
has been prime mover for a
quarter century.
The company, in making the
announcements yesterday, said
it was part of a realignment
of management "for the on
coming jet age"
Malcolm A. MacIntyre, for
mer Undersecretary of the Air
Force. was named president,
chief executive officer and a d.
rector
Thomas F. Armstrong. presi.
dent since 1858, was named to
the new post Of executive vice
president.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01
Martin, Anderson
Head Units of
Board of Trade

Chester w. Martin. jr.. presi-
dent of Pepsi Cola Bottling Co
of Washington, has been named
chairman of the commercial
council of the Washington
Board Of Trade.
This was announced today
by E. K. Morris, president OF
the board and president of
Federal Storage Co. Mr.. Martin
has been active in Board OF
Trade activities and resides in
Chevy Chase. Md.
Carl A. Anderson. vice presi-
dent and general manager of
Victor o. Schinnerer Co., will
be chairman Of the Board of
Trades insurance committee,
Mr.. Morris also announced.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01

loans this summer as they used
up their steel inventories. In.
stead, bank loans to business
men are jumping to peaks
and the great period for bank
loan expansion is just about Ia
begin.
| And now comes the period
for big auto production, back
to-school and back-from-vaca
ton buying. Now comes the
months when consumers al
ways step up their purchases,
distributed 1859, by The Hall
Syndicate, Inc. AL rights reserved.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01
N. Y. Banks
Prime Rate
Raised to5%

NEW YORK, Sept. 1 (AP)
FIRST National City Bank o.
New York today increased tn,
prime lending rate from AZ
to 5 per cent, effective i'm.
mediately.
The prime rate is a basi,
money market charge anC
heralds an increase in othel
interest charges all along tn,
line. The prime rate is what
banks charge their biggest
customers with the best credit
ratings.
Five per cent is the highest
rate in % years. 1t was in.
creased last May from 4 to A.;
per cent.
Chase Follows
Chase Manhattan Bank
largest in the city, followed
the lead Of First National City
almost Immediately. First Ma
tional City is the second largest
bank in New York and the
third in the country.
Similar action by other
major banks across the country
was expected.
Both First National City and
Chase Manhattan also raised
rates on broker and dealer
loans from Az to 5 per cent
effective Immediately.
The increase IN the prime
rate came as no surprise
Money has been growing
tighter and demand for bust
ness loans has increased
steadily. The start Of the fall
season brings wholesalers and
retailers into the money mar
ket to finance accumulation OF
inventories for the fall and
Christmas season.
Borrowing Rising
Commodity dealers and food
professors also step up their
bank borrowing to finance pur-
chase Of crops.
The increase in lending rates
to business will lead inevitably
to higher borrowing costs for
consumers. Earlier this sum-
mer. some of the big New York
banks planned TO increase con-
sumner loan rates. They now
collect. in advance, 1915 a year
on each 500 that is borrowed
to buy autos and appliances.
They had intended to make
this $4.25 but held of when
President Eisenhower's plea to
Congress to remove the 4I4 per
cent ceiling on long term Gov
eminent borrowing reused a
storm Of protest against high
interest rates generally.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01
Bache e. Co. Leases
New Wire System

A new automatic broker
age private wire system. a a.
900 mile two-way network
leased from Western Union,
was placed in operation yes
terday. linking the so Offices
of Bache g. Co., brokers, in 81
cities.
Harry Kahn, resident partner
OF .Bache e. Co. here, said the
new system will speed up serv-
ice. He also pointed out that
the firm will be able to send
important flash messages to all
points at the same time.
Walter P. Marshall, presi-
dent of Western Union. and
Harold Bache, head of Bache
& Co.. officially set the new
system into operation. They
said it puts all Bache Offices
nationwide within seconds OF
its So Wall Street headquarters
and the floors of all stock and
commodity exchanges.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01
Westinghouse Moving
Distribution Center


Westinghouse Moving
Distribution Center
The Westinghouse Appliance
Sales organization. a division
of Westinghouse Electric Corp.
is building a distribution center
at Washington boulevard and
German road in Savage, Md,
on u. S. Route /.
This is expected to be ready
for occupancy January / and
will mean the moving from
present headquarters at 7l2
Thirteenth street NV. and 24l5
West Franklin street in Balti-
more.
This was announced today
by S. B. Folckomer, manager
of the branches in Baltimore
and Washington. The new GEN.
ter will serve the Baltimore and
Washington markets, he said.
w. A. S. is a distributor OF
Westinghouse major appliances.
television receivers, sterophonic
monographs, room air condl-
TONERS and dehumidifierS, he
explained.
The new building will provide
70.236 square feet of space and
will be used as an Office, ware
house and display space. 1t
will also contain facilities to
service Baltimore Washington
users of Westinghouse consum-
er products, Mr.. Folckomer de-
clared.
The contractor is Kirby g.
Mcclure. Baltimore. 1t also
will erect a building for sales
Office and warehouse in Baltl-
more for electrical supplies.
portable appliances, radios ana
fans. This was announced by
L. G. Schrader, branch man
ager for the apparatus and
supply division of Westinghouse
Electric Supply Co. This will
be built on Edison highway at
Federal street, Baltimore.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01
9l-Doy Bill Rote
Rises to 3.88o%
BY the Associated Press

The Governments short-term
borrowing costs rose with
yesterdays weekly bills.
Offers on the Sill million
issue of 91-day bills averaged
1888 per cent. This compared
with 1924 per cent a week
ago-the highest rate since the
March, 1888, bank holiday.
Bids for the $500 million OF
l82-day bills averaged 4.468 pei
cent. The rate week ago was
4.152 per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01

no decision mas Deen mdue,
William Magazine. prominent
Washington builder and real
estate owner; Jacob Lehman
of Giant Foods, Eugene Young,
jr., of Young & Simon. in
surance Brokerage firm, and Joel
Kaufman of Kay Jewelry Co
are among signers of the APP
plication.
Others include: Leopold v
Freudberg. insurance executive;
Bernard F. Lowcraft, civil CHI
gineer; Raymond r. Dickcy,
attorney; Louis Bell, realtoi
Stanley H. Rosensweig, Sun
Appliance Wholesalers, and
Norris A. Dodson, engineer.
Barr Building Site
The new bank would open for
business in the Barr building
next to the present main Office
of the Bank of Commerce at
the corner of 18th and K SITS.
NV. This is an area with many
existing bank Offices. Ten bank
Offices are operating within a
radius of half a mile and eight
savings and loan Offices are in
the area.
Application for the new in
stitution proposes issuance OF
10000 shares of capital stock
of SIS par value or a total OF
S1.2 million. The shares would
be sold at SIS a share to raise
total capital funds of 50 million.
OF this amount, $4,000 would
be set aside for surplus and
$3.50. 900 would go into the un-
divided profits account.
The application suggests
three preferred names for the
proposed new institution. the
Washington National Bank,
the Metropolitan National
Bank and the Security National
Bank.
Opposing Briefs Filed
Institutions, which would be
most affected by the proposed
new bank, have filed briefs in
opposition to its establishment.
They contend that present
banking facilities are adequate
and that an additional bank
would lead to an unsound
duplication of facilities.
The group seeking the new
bank is contending that the
number of District banks has
been reduced to IL by mer-
gers in recent years and
that while the number of bank
Offices has been maintained,
small banks can perform a bet
ter service to their customers
than bank branches.
The new bank application
has been in the works for some
time. 1t was dated May 81 and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01
'9 'ss',BuszNEss
New Bank Application
Meets Opposition
BY DONALD b. HADLEY
Star Financial Editor

Ten prominent Washington business and professional
people permission OF the controller of the
to found national bank here and have into strong
opposition from existing banks
controllers Office has authorized field examiners
study situation but this has not been completed and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01
ID. Walter Swan Joins
Management Corporation

D. Walter Swan. who resigned
recently as Deputy Assistant
Postmaster General of the
United States, has been ap-
pointed vice president of Allen
j. Lefferdink Enterprises, Inc,
OF Boulder. Colo. This is a
management corporation in the
insurance. banking, investment
and development fields. Mr..
Lefferdink. chairman of the
board and president of the cor
poration, made the announce
ment of Mr.. Swans position.
He said Mr.. Swan will re-
side in Washington and direct
the activities of the Leferdink
organization from its new
offices in the American Build
ing, 1917 F street NV.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01
YOUR
MONEYS WORTH
We Had No Summer 'LuIP
BY SYLVIA PORTER

It's September and the
summer lull should now be
coming to an end. But this
year, we didn't have a sum-
mer lull.
We didn't have 1t despite the
steel strike. We didn't have II
despite the immense pre-strike
buildup in inventories. We
didn't have 1t despite the wide
spread expectation that con-
struction couldn't continue at
the pace of earlier this year.
We didn't have 1t despite the
Federal Reserve Systems stiff
curbs on credit and rising in
terest rates. We didn't have IL
despite vacations and normal
plant shutdowns, ETC.. etc.
The economy in the summer
Of 1859 has in short, been
stronger than most experts
thought it would be at this
stage.
Economy Is Strong
The economy as it enters the
fall Of 1859 is stronger than
most people believe 1t is.
And that means that when
the steel mills 60 back into pro-
duction. the automakers move
into high gear on the 1860 cars
and the customary fall business
expansion takes place. we'll be
piling a new. powerful upswing
on top Of an already powerful
advance.
We are In a boom.
When you pull the evidence
together and weigh the clues
with care, the dimensions of
this advance shine through.
These things have been hap
pening:
Output in most industries,
excluding steel, has continued
to mount, in many instances to
new peaks. Industrial produce
ton was down in July. and
when the August figures are re-
leased, it will be shown sharp
ly down again. But the total
statistics are distortions now /;
they reflect the abnormalities
of strikes. not business set
backs. When steel re-enters the
statistics. industrial produc-
ton will rise again to new
highs.
Retail sales have been climb
ing and department store sales
are running 9 per cent ahead of
a year ago. Summer clearances
of furniture and clothes, ad-
vance buying for fall have had
a significant impact on sales.
Even in districts including
most Of the steel mills. major
retail sales gains have been
chalked up through the sum-
mer.
Incomes Set Record
While the steel strike halted
an eight-month rise in wages
and salaries in July, total per-
sonal incomes set another rec
ord. Pay increases in construc-
ton. trade. state and local gov
eminent helped to Offset the
effects Of the steel strike on
wages. Dividends and interest
payments have continued to
rise. Wages and salaries sure
ly fell sharply in August, but
retail sales have kept rising.
Building Of houses was sup
posed to slow down substan-
TALLY this summer-but so far
it's a mighty picayune slow
down. In July, we still were
building houses at an annual
rate of 350.000-within whis-
pering distance of 1950's all
time top Of 100000.
Businessmen also were sup
posed to start slashing their
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01
Bernard B. Germann has hee

Bernard B. Germann has been
appointed a regional vice presi-
dent of North American Sc
curfties Co., sponsors of the
Commonwealth group of mu-
tual funds. He has headquar-
tiers in Washington.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01
FOREIGN EXCH'GE

NEW YORK. Sept. 1 API.-Foreisn
exchange rates Great Britain In dol
lars, others in cents and decimals OF
cent?:
Today Prev Day
Canada in N. Y
ifreel 10000 1O5.Ol5B
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01
TREASURY BONDS

NEW YORK, Sept. 1 (AP).-Yester.
gays closing over-the-cOunter United
States Government Treasury bonds.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01

was received at the Controllers
Office May IS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-01

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, 1959-04-27

JELLEFF'S presents the
luncheon fashion show at
the Mayflower Hotel in the
Presidential Room.
JAQUET'S representative
Mary Frechie will be at Jel-
leff's all this week. If she
asks you If you know how to
wash your face, she won't be
kidding. She knows that inn
proper cleansing Of makeup
accounts for a lot Of bad
compilations. She'll be glad
to tell you the correct way
to a prettier skin through
proper cleansing.
CHARLES OF THE RITZ
sends its personal beauty
emissary, Helen Mozelle to
Woodward g. Lothrop all
this week. She'll explain why
the wrong colors for your
Skintone can cast unflatter-
ing. aging shadows onto your
face. II you've been on a
diet, that can change the
chemistry Of your body which
has an effect on your skin,
too. Miss Mozelle has the
answers; just furnish her
with your beauty questions.
LANSBURGHS presents
its third dress showing in
the To-day long dress forum
at the Langley Park store at
1890 and at $50 pm. to-
day. Jerry Gilden fashions
will be featured.
TOMORROW
THE CLIPPED WINGS,
retired United AirlineS host
esses, will have a luncheon
fashion show benefit at the
Columbia Country Club at
1890 pm. The local chap
ter's luncheon is one of Is
being presented across the
nation as a salute to the in
auguration of United's Jet
Service to Hawaii. Rose Will
liams Town and Suburban
Shop fashions; millinery
from Rose Stearnman; furs
from Pluym's; hairstyleS by
Golden Wand of Beauty. The
benefit is for the Clipped
Wings Welfare project for
retarded children and for the
support of the Teen Canteen
at Chevy Chase Recreation
Center. Tickets may be OBJ
tanned from Mrs. Meredith
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-27
WeokleYs
Entertain

Rear Admiral and Mrs.
Charles E. Weakley were
hosts yesterday at a 6 to 8
o'clock party in the officers
Club, National Naval Medical
Center. They said goodbye
to their many friends and in
troduced the Admirals re-
placement, Rear A d m ir a !
Howard Yeager.
The Weakleys are not CIV
ing up their charming house
on Window Place when they
go to Newport, RI, where
the Admiral takes over COM
mand of the Destroyer Flo
tilla 2. Instead Mrs. Weakley
will commute between an
apartment in Newport and
the house here.
Principal reason for the
arrange ent are their
daughters, Geraldine and
Linda. Gerry, as she is affec-
tionately known. is with the
Navy Library Judge Advocate
General Division. She is a
graduate of Georgetown
Foreign Service School. Linda
is a sophomore at Catholic
University and will continue
her studies there next fall.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-27

The Superintendent of the
United States Naval Acad-
envy will honor the Navy's
Society of Sponsors with a
special dress parade Of the
Brigade of Midshipmen on
May 6.
This will be a highlight of
the society's annual meeting,
to be held in Washington on
Wednesday and Thursday,
May 6 and Z.
The members will call on
Annapolis in the afternoon
and, after the parade. a tea
will be given for them by the
president of the society, Mrs.
Bryson Bruce of Arnold, Md,
at the Alumni House.
Rear Admiral A.G. Num-
ma, retiring Chief of the
Nays Bureau of Ships, will
be the principal speaker at
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-27
CompbeH-Folson

Mrs. James H. Duff Of Ce-
dar Lane Farms, Hollywood,
Nd, announces the marriage
her niece, Mrs. Spencer A.
Folsom Of Harrisburg, Pa. to
Mr.. Herbert C. Campbell, al
so Of Harrisburg. The we'd
ding took place March 26 in
Dauphin County Court. The
couple will live in Harris
burg.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-27
New Body Boom Boosts
Nations Body Business

2-inch square aluminium foil
packets that will contain
cooked baby foods in por-
tons just large enough for
baby to eat at one sitting.
Designed by Reynolds Metal
Co., the packets will contain
everything from strained
fruits and vegetables to
meats and buildings. They'll
be fun for the child, since
they're brightly colored {.
and very convenient for NON.
All she will have to do is drop
the packet in boiling water
for four minutes, cut open
the top and spoon the food
right from the container.
A Premium
To amuSe the nursery set,
the Beech-Nut people are Of
fering a whimsical mobile (as
a PREMIUM with their baby
foods. The mobile that
dances with the slightest
breath of air consists of five
animal characters, a kitten,
goose, bear, COW and rabbit.
New with H. j. Heinz COM
pany is the re-vamped pack
aging on their strained bana-
mas and pineapple. The jar
is sporting the new flavor
lok Screw-on cap that comes
off with a twist of the wrist
"a lid that was developed
after years of research.
And, becaue they had so
many requests for their book
"ABC's of Prenatal Care"
they are again offering it free
of charge. Send your re-
quests to Heinz Baby Foods,
Box %, D-26, Pittsburgh 30,
Pa.
There's not a thing in the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-27
Californian
Awarded Trip

A young Californian who
is active in the Children of
the American Revolution
was scheduled to begin a
four-day visit yesterday to
historic spots in Fredericks-
burg, Va, including Kenmore,
home of George Washing
tons sister, Betty Washing
ton Lewis, and her husband,
Col. Fielding Lewis.
Lon E. Peek II, 16-year-
old vice president Of the Cali
fornia CAR Society, won the
1859 Kenmore Youth Project
Award which entitled him to
a trip from the West Coast
under auspices of the Los
Angeles Chapter, Daughters
of the American Revolution.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-27

world new about the follow
ing product it's been
around for as long as most
of us can remember. But
perhaps young mothers have
overlooked the usefulness of
ordinary baking soda as the
ideal cleanser in the nursery.
One of our office colleagues
tells us it's indispensable.
She couldn't bring up a child
without it.
Toys invariably get popped
into small mouths cleanse
them in a soda solution {.
a quart of water per teaspoon
of soda. That goes for all
types of toys rubber,
plastic and wooden.
In addition to it's cleaning
qualities. baking soda has
deodorizing qualities that are
as desirable as they are ex-
pedient where infants are
concerned. A little dry bak-
ing soda applied with a damp
sponge or cloth will nullify
the odor from baby'S regurgi-
tations on clothes and fur
niture.
When nursing bottles are
left to pile up and the days
supply done in a single wash
ing, soda again plays an i'm
portant role. If the bottles
are filled with water, and a
half teaspoon soda is added
Immediately after they're
used, there won't be any of
that hard = to remove milk
film or stale milk odor to
cope with when washing and
sterilizing begins. Nipples.
too. can be left to soak in a
mild soda solution.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-27
Parade Will Highlight
Navy Sponsors Meeting

the annual luncheon on the
seventh, at the Mayfower
Hotel.
The society was founded in
1908 by Mrs. Keith Frazier
Somerville of Cleveland,
Miss, daughter of the late
Senator j. B. Frazier. She
was chosen to christen the
battleShip Tennessee in 1905.
The organization has a
membership of over zoe
women who have sponsored
ships If the Navy.
A special project of the
society is to provide scholar
ships at preparatory schools
for sons of deceased Navy
and Marine Corps person.
mel who plan to enter the
Naval Academy. The chair
man of the scholarship COM
mittee is Mrs. John M. Frier
of 612 Eppard circle, Falls
Church, Va, and applications
for scholarships may be adj
dressed to her.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-27
O'Connor-O'Brien

Mr.. and Mrs. 4. Henry
OBrien Of Arlington. for
merly of New York. announce
the marriage Of their daugh-
ter Mary Margaret to 1t.
John Francis O'Connor,
USING, son of Mr.. and Mrs.
Francis j. O'Connor of New
York. The wedding took place
April Is at Saint Agnes Ro-
man Catholic Church in
Arlington.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-27
IT'S A DATE

Macaboy. Kaytee Mizell. d.
rector Of the Keye School
and Agency will do the fash
ion presentation.
SHOREHAM HOTEL in
formal modelling Of fashions
from Anna May Nichols in
the Garden Restaurant. From
1890 pm. to 2:30 pm.
HARRY FRECHTEL sum-
mer suit collection Of cottons
and linens will be shown at
2:30 pm. in the couturier
salon of Julius Garhnckel 81
Co. Hank Rothman Of the
Frechtel firm will be on hand
for customer consultation to-
day and tomorrow.
WEDNESDAY
TOWNLEY COLLECTION
claire McCardell fashions)
will be presented at 2:30 pm.
in the Greenbrier Shop on the
fourth floor with Adolph
Klein, president of the firm,
doing the commentary at
Julius Garflnckel g. Co. He'll
be on hand all day for Gus
toner consultation. Tomor-
row he'll be dividing his time
between Seven Corners from
10 to 2 pm. and Spring VAL
ley from 2 to 4 pm.
HECHTS presents the
fashions at the informal
modelling in the Colonial
Room Town Room. and Ter
race Lounge of the Sheraton
Park Hotel from noon until
2 pm,
GIRL SCOUTS will present
a fashion show at the Villa
Rosa Restaurant in Silver
Spring at 7 pm. Fashions
from the Esther Shop with
Micke McMullen doing the
fashion commentary for the
Wheaton Studio of Modelling.
THURSDAY
FLAIR OF BETHESDA
will stage the fashion show
at Normandy Farms in Poto-
mac, Md. Showtime: 1890
pm. with Micke McMullen Of
the Wheaton Studio Of Mo-
deling doing the fashion
presentation. Model of the
Week, a new show high
light, will be a feature with
a new model each week
chosen from the audience.