davidaulloa/AmericanStories huggingface dataset:
The Nome nugget., 1959-09-25
Eisenhower and Khrushchev Start
 Fateful Talks For Easing Tensions

Communist chief and the Presi- dent will try to persuade each other to shift government policy in the interest of peace.
 Has Not Retreated An Inch
 Khrushchev, newly returned from a remarkable and hectic tour of America, indicates he has not retreated an inch from his persistent accusation that U. s. policy created and preserved the cold war.
 President Eisenhower, after II days of startling headlines about the boss of world Communism, is pictured as hopeful the tour had some impact upon the visitor which might induce him to listen more receptively to the US. gov ernment's arguments.
 .Khrushchev ended his United States tour with the same note of persistent challenge he sounded at the outset: The burden of proof of good intentions is upon the United States.
 This was his theme at the final non diplomatic gathering of his tour, a dinner in Washington at tended by a group of leading US. businessmen Thursday night Those present quoted Khrushchev as saying:
 If the United States renounces disarmament, one would doubt it's sincerity. It would not appear to be mature"
 This, for Khrushchev, is one test of American intentions. An other, he made plain, will be will ingness of the United States to sell the USSR anything or every thing, regardless of any items usefulness for building war machine.
The Nome nugget., 1959-09-25
Stabbed Steel President Suffers Paralytic Stroke

HYANNIS, Mass, R- Walter F. Mumford, 59, president of US. Steel Corp, suffered a cerebral thrombosis which partially para 1yzed him Thursday, after sur gerry for an accidental knife wound in his abdomen.
 He had suffered a stroke late Thursday and has been under the care of Boston specialists.
 His condition was described as not critical, but he has a para lysis of his right arm and diff culty in speaking.
 A report said Mumford is pro- gressing satisfactorily in his re- covery from surgery on Wednes- day for a deep knife wound in his abdomen.
 A district attorneys report said he appeared to have slipped and fallen on a knife he was putting away in the kitchen of his home Wednesday.
The Nome nugget., 1959-09-25
Fifty-Three Perish In Crash of Airliner In
 Forest Near Bordeaux

BORDEAUX, France, R - A four engine French airliner crash ed and exploded in a pine forest near Bordeaux last night after struggling aloft with some diff culty for a flight to Africa. Fifty three persons were killed. Twelve lived through it.
 The plane, at DC-7, smashed into the woods, exploded and burst into flames. Most of the 12 survivors were burned seriously. Some were thrown clear. Others were saved by rescue teams fight ing flames from the planes fully loaded gasoline tanks.
 The crash snuffed out the lives of several entire families, return ing to Africa from vacations in France.
The Nome nugget., 1959-09-25
Reeve Plane Crash On Aleutian Island Kills l6 Persons

ANCHORAGE, R-A commer- cial airliner with Is persons on board crashed on an Aleutian ls- land last night and a search pilot reported seeing no sign of life at the crash scene.
 The plane, DC4 of Reeve Aleutian Airlines, crashed at the 2,O00-foot level of mountain on Great Sitkin Island at about 5:25 pm.
 A Navy pilot who sighted the wreckage 40 minutes after the crash reported the plane was on fire but that the tail section ap- peared to be intact.
 The Navy tug Apache reached the island with ground party this morning The Coast guard dispatched the Cutter Clover from Adak.
 The DC-4, enroute from An chorage on a flight that serves communities and military bases along the Aleutian Island chain, carried five crewmen, two civil ians, and nine military men - seven Air Force, one Army, and one Navy.
 The crew members, all of An chorage, were Eugene Strouse, pilot; Robert Pollom, copilot; Bryan Green, flight engineer; and Lorraine Henderson and Betty
 Great Sitkin is a small island about 30 miles northeast of Adak. Maps shows a 5,033-peak there.
The Nome nugget., 1959-09-25
Steel Negotiators Find No Meeting Ground

NEW YORK, R-Steel strike negotiations adjourned today without any date being set for a resumption of talks.
 Industry bargainers suggested another meeting Monday to dis cuss contract clauses, but David J. Mcdonald, Steelworkers Union president, said uch session would be futile if industry in- sisted on it's earlier demands.
 Newsmen asked Joseph F. Fin negan, chief federal mediator, whether he considered the union position a breakoff in negotia- tions.
 "I'd rather not characterize it that way" he said.
The Nome nugget., 1959-09-25

tists for three nightly perform ances, starting on Tuesday, Oct. 6 at the School Auditorium.
 His show is said to be one of the most amazing sensations ever seen.
 Herb Jenks has been appointed general chairman.
 Tickets are on sale at the US. Commissioners office, at the City Clerks office and by Boy Scouts. There are three types of tickets: for students, general admission, and reserved seats.
The Nome nugget., 1959-09-25
Small Seattle Military Academy Operator In Bad Trouble

SEATTLE, RHThe operator of a small-time suburban military academy, already in trouble on a charge, of mistreating cadet, was accused Thursday of threatening the father of another student with a gun.
 Thomas Hopkins was arrested on a complaint which said he waved a gun at Richard Braittin of Lake Stevens, Wash, Sept. 5 and ordered him off the property of the Hopkins Military Academy near Redmond.
 Braittin said he had given notice he was withdrawing his son from the school.
 Hopkins was charged Monday with third degree assault for all legedly using judo hold on IA year-old cadet and ordering him fed only bread and water while being kept under guard for five days.
The Nome nugget., 1959-09-25
FILA Interest Rates Go Up

WASHINGTON, R-A boost in the top interest rate on Federal Housing Administration loans has followed President Eisenhower S signing of a third try housing bill.
 The FILA announced the in crease from 514 to 534 per cent in the permissible interest rate on home mortgages it insures. It means higher monthly payments for home purchasers, but is ex- pected to make it easier for them to obtain the loans.
The Nome nugget., 1959-09-25
Appeal Gets Results: Youth Auto Mechanics Classes Start Soon

The most impressive result of the appeal in last Fridays Nugget for helping our young people, was a call from MT. George Keeling who is willing, interested and capable of teaching classes in automobile mechanics.
 MT. Keeling and Mayor Steffen Andersen ask all interested men and boys to come to the City Hall at pm. on Tuesday when plans will be made for the class schedule.
 Here is your chance to learn whether you like auto mechanics and whether it will like you. As soon as a shop can be found the class will begin actual work. Mr. Keeling has the necessary tools, books-all he needs is place to teach in. So, if you have such a place, or know of one-please let MT. Keeling or Mayor Andersen know.
 Guess he would let the girls come too. If you're interested, be at the City Hall at ' on Tuesday, Sept. 29.
The Nome nugget., 1959-09-25
Rotary Sponsors
 Dr. Kit, Hypnotist, On Oct. 6, 7, and 8

The Rotary Club announce they have obtained the Great Dr. Kit one of the worlds great hypno-
The Adak sun. (Adak, Alaska) 1955-1976, 1959-12-07

80. gre *>1~"> .>:.: WfyE>3
with the if
lot, don'ty mark O. once Of the
will hold
R
the naxmm cost Every is
nian CFo Auxiliary urged attend
te
( a
Club will be contacted this by club
The
a
&
will
o
cut o nd
t. It,
two rea1cu
or
80
orn to
u these or
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-10-18

coated. Scrape off caramel sauce from
the bottom of the apples. Put on waxed
paper and place in the refrigerator a few
minutes until firm. Remove and serve.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24

The stage is being set for a
new record In auto sales. Sales
reaching 7 million In 1860 are
within the limit Of reasonable
possibilities. In brief. we could
be heading into the biggest auto
market yet.
Buying Forces Listed
These are the forces which
appear to be converging To
make the next model year a
record:
= "a The introduction Of the
smaller cars-which will put q
new spark into the market.
Rumors persist that the first
Of the Big Three's offerings
might be unveiled even earlier
than this fall. but the precise
timing is not the key point.
What is most significant is that
the smaller cars will be really
new-not Just stripped-down
basic transportation" but in
dividually styled compact cars.
90 The lower-than-normal
buying Of cars ever since 1855
under buying which has built
up a backlog Of demand for new
autos.
More than half the cars on
the roads today are over five
years old: the average scrap
ping of cars per year is $500
900 and this total Of cars is
needed simply for replacement
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24
CHICAGO
LIVESTOCK

:, CHICAGO, Mar. 81 (AP) CUsDA). -
HOGS i.5u0; fairly active, uneven Is
70 % higher on butchers; sows mostly
- nisner; al interests in trade ano
sp5 nndsr early aSo clesranee; No. butch
i-3 mostly 2-3 mixed Grade IOO-a4t
i 10 butchers i6.25-l6.65: few under
80 ins 1913; several hundred mostly
,INO-22O lbs 1856 1878. and 1
a aSSS 3 Gao hsh u.s. at 1874 e. few s,rs,
I'd 25O-270 lbs. IBO0-lR25 and 4
lew lots mixed 2-3 mostly rs 2S0-301
ins. 1850 500: mixed Rrade 35O-42s
II; so 9no im-l4.50: most 4.5-55(
c attic 900; calves 100: slaushte,
steers active. kinds grading aVerae,
choice and better fully so higher. low
cnolce and below steady to so hiaher
nelleIs steady to 30 higher; cows 2.
hivhe 1s''y vs 5I nianer; bulls strong TO 9
feeders fully 50 higher; few loads an,
lots hteh choice and prime / 300 No,
10 steers 32.00-:l4 90: good and choic
55oo'Mo-32 90; bulk choice grades - 90
Is ~ fe Sstandard "a O.a5. Is
ity Holsteln steers 1900; a short I Ioa,
nigh choice and prime $50 ID heifeT
.s;?u: goo dand choice % .OO-9S IL
Utility and standard 2OOO-24 so: util
ny =. rn and commercial COWS la0O-21 90
light Gamers 15OO-Ia so; utility an
commercial bulls 23.00-25.S5: a fey
good and choice vealers ~ 90. stand
ARD and good "a 0O-33 30: Gull an,
utility 5dQ9."8. 90; a load Of goo,
around go ID stock steers 81 90: me
and feeding steers rs .5O-37 so.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24
ABA Favors
Bill 10 Ease
Reserve Rules

Legislation that would per-
NIT member banks Of the Fed
eral Reserve System to count
vault cash as part Of their legal
reserves and also broaden pow
ers Of the Federal Reserve
Board to regulate reserves re-
ceived strong support from the
American Bankers Association
today.
Daniel w. Bell. Of Washing
ton. who is chairman Of the
ABA's committee on legal re-
serve requirements. led a group
appearing before the Senate
Banking and Currency Com
mittee at hearings on Senate
Bill 1870. Mr.. Bell Is board
chairman Of American Secu-
rity a. Trust Co.
The need for revision of re-
serve requirements Of member
banks has long been recognized
and has been recognized on
many occasions by members of
the Federal Reserve Board. Mr..
Bell pointed out.
Expressing confidence that
the American economy will con-
tinue to grow rapidly in the
1905. Mr.. Bell said the banks
will have to be provided with
more funds II they are to be in
a position to accommodate the
public's growing credit needs.
"The best way to accomplish
this is for the Federal Reserve
treduce reserve requirements
from time to time. thus freeing
reserves as the economic situa-
ton makes it necessary for adj
ditional funds to be available, "
he said.
I'm recent years banks have
increased loans sharply and
many have approached a fully
loaned position. They have
reached this point where they
will no longer be able to OBJ.
tain funds to meet future up
surges in loan demand by dis
posing Of Government securities
to the same degree as in the
past"
Appearing with Mr.. Bell were
two other members of his COM
mittee. David M. Kennedy,
chairman Of the Continental
Illinois National Bank &,
Trust of Chicago. and H. Mon
roe Kindred, Georgia banker.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24
Transit Shares
ToBe0ffered

Trans Caribbean Always.
Inc, filed a proposal with the
Securities & Exchange Com
mission yesterday to sell part
Of its stock holdings in D. C.
Transit System, Inc, Della
ware corporation. with Offices
at $500 M street NV. and
which owns all Of the outstand-
ing stock of the transit COM
pany here. D. c. Transit
System. Inc, a District Of
Columbia corporation.
Trans-Caribbean owns all
outstanding 100000 shares OF
Glass A and 2 million shares OF
Glass B of the Delaware COM
pany. 1t Is proposing to sell
$4,000 Class A shares to be
offered to the holders OF the
outstanding Glass A stock and
5Ia per cent Convertible SUBJ
ordinated Debentures OF Trans
Caribbean. The subscription
right is on the basis Of one
share Of Glass A stock of the
Delaware company for each
three shares of Glass A stock
of Trans-Caribbean, whic h
holders either hold as stock
holders or to which they are
entitled upon conversion Of
their debentures.
The record date and purchase
price are to be supplied by a
later amendment to the plan.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24
YOUR
MONEYS WORTH
1o6O-Biggest Auto Market Ever?
~ SYLVIA PORTER

80 The heavy repayment Of
auto debts in recent years =
which has placed hundreds Of
thousands Of families in posi-
ton to take on new installment
debts to buy cars II they decide
they want to. ;.
BY now, 1855 auto debts
have long since been paid of.
There is plentyof leeway for a
sharp upswing in credit buy
In gof cars.
More Gear Families
"a The intensifying trend
toward multi-car ownership
which arise not only fro mthe
suburban way of life, but also
from the increasing numbers
Of working wives.
At least one out Of every
10 families already owns two
cars and one out Of three in
the $500 and : UP bracket
owns two or more. Multi-car
ownership may be absorbing
900. 900 or more cars a year
soon.
go And then, there is the
general business background
with consumer incomes rising
steadily to all-time peaks and
consumers showing mounting
interest in buying big-ticket
items.
distributed 1859, by the
Hall Syndicate, Inc.
All Rights Reserved
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24

foreseeable period Of time, he
said.
Fear Narrow Margins
Quite a number Of other as
sociations have indicated they
plan no dividend increases be-
cause 1t would mean narrow
ing operating margins to the
point where reserves would
have to be depleted.
The difference between lend
ing at around 5l4 per cent and
attracting funds with 4 per cent
dividends is too narrow to con-
tinue long and maintain sound
reserves. a number have en-
phaSized. A temporary flip to
a per cent and then back to
3l2 per cent or ga per cent is
unwise and unfair to share
holders. they declared.
A number Of associations,
who went to 4 per cent rates,
said they took action only to
meet competition of associa-
tons who preceded them to the
higher rate. I'VE are not going
to stand aside and watch funds
be attracted away from us.
even If we have to adopt an
abnormally high rate tempo
rarily." they said.
Here Today, Gone Tomorrow
This raises the question as
to whether the investor, who
wants only the highest rate.
does an association much good.
Hes here today and gone to-
morrow. we don't think We
want him anyway. said one
outspoken association director
This so-called hot money
represents a relatively few big
investors and we have found
their funds cannot be depended
upon" he declared. why
should We let these few force
US to deplete our reserves.
which have been built for the
benefit of all shareholders. both
large and small?"
The pride in bigness is
strong, however. and some ad-
ditional associations may yet
resort to the temporary meas
ure of a 4 per cent rate to meet
competition. All of the associa-
tons indicate they hope the
competition will subSide and a
return to more normal condi-
tons will be possible soon.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24
Washington Gas Sales
Lag Behind Year Ago

Sales of Washington Gas
Light Co. trailed slightly be-
hind a year ago in February
after showing substantial gains
in earlier months.
February sales totaled SO =
7i8,776 therms. a decrease OF
0.6 per cent from 69,163.4l6
in February last year. Sales for
two months this year aggre-
gated l42,382.360 therms. a
gain Of 7.6 per cent from 1872
1925 a year ago.
The company had $50, 922
meters on February %, COM
pared with 370,606 on the same
1858 date.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24
DIVIDENDS
FOREIGN EXCH'GE

NEW YORK. Mar. "a (AP).-Foreigu
exchange rates, Great Britain in
collars, others in cents (unchanged
Canadian dollar in New York opeu
market, Bis per cent premium. OF
iO3.Jlh4 United States cents.
Europe-Great Britain tpoundl
Gsi,.; To-day futures 2.Sl =; .60-dsy
futures, 81 7/32; 90-day futures
2Sl Va Belgium 0rancl. 2.OO,., ur
,0O,.; France tfrsncI, 20. OF a cent;
Germany tWesternl (deutsche mark
y5gl' up ol; Holland tguilderl, 1880;
Iescudol. 3.52: Sweden fkronaD, 1884
Switzerland drancD (freel. ~ 1877
up ,oO1a OF cent: Denmark (kroneI
l4.54.
Latin Amerlca-Argentina Ifreei
] so; Brazil freeI. "A OF cent;
Mexico. s02: Venezuela tboliVarl
20. %
Far East--Hong Kong dollar. 1888
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24
List Of Washington Gas
Directors Corrected

In a list of directors re-
elected yesterday at the annual
stockholders meeting of Wash.
ington Gas Light Co., the name
of E. K. Morris, president oil
Federal Storage Co., was left
out by error.
The name Of Howard w
Kacy, president Of Acacia Mu.
tual Life Insurance Co., ap.
peared incorrectly.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24
American Mercury Chiefs
Report Proxy Majority

The management of Amer
lean Mercury Co. has received
proxies representing a substan-
itial majority Of outstanding
stock to support 1t at the an
nual stockholders meeting on
March rs. President John F.
Idler reported.
Referring to reported efforts
of a minority group to seize
control, the letter said: "The
period of confusion forced upon
the company and its stock
holders by the Madison group
is now approaching its end.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24

dividend covering three months
ended June 30. it was an
nounced by Julius A. Maedel.
president.
The $25 million Washington
Permanent has been paying at
the rate Of 3l2 per cent, and
decided to join the trend al
though the announcement
pointedly avoided committing
the association beyond the one
quarter.
Capital City Savings g.
Loan Association yesterday an
nounced a similar jump from a
334 per cent rate to 4 per cent.
They followed the same action
by Home Building Association.
Over the week end came rum
blings from a number of the
associations, who feel a 4 per
cent rate is unwise and un-
sound at this time.
Home Federal Savings q
Loan Association decided to
increase its rate to an annual
basis of 334 per cent from 3Ea
per cent, but President Frank
Phillips expressed strong OPP
position to "abnormally high"
dividend rates.
Says Trend Uncertain
Interest rates have most
certainly been climbing In re-
cent months, but there is no
assurance that this trend will
continue" said Mr.. Phillips
Certain inyestm ent yields
have remained constant. and
some local lenders still are Of
fering S per cent and 5K per
cent loan rates.
In our judgment, only the
less desirable loans will yield
the higher rates required TO
support an abnormally high
dividend rate for more than a
relatively short period of time
Pointing out that some
washington associations have
made as many as four or five
rate changes. both up and
down, since World War II, Mr..
Phillips added:
"This, we feel. is frustrating
to the saver and disruptive to
the smooth operation of a
thrift institution. Home Fed
eral has consistently avoided
an cratic and inconsistent pol
icy regarding dividend rates.
We paid 3 per cent during and
after World War II when this
was higher than the national
average and more than the
rate paid at that time by some
local institutions"
Home Federal will pay at the
334 per cent rate for the quar-
ter ended June 80 and direc-
tors believe the rate can be
maintained for a reasonable
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24
9l-Doy Bill Rote
Shows Slight Rise
By the Associated Press

The Governments short
term borrowing costs rose
slightly with yesterdays weekly
offering Of Treasury bills.
Offers on the $1.3 billion is
sue of 9l-day bills averaged
2.766 per cent. This compared
with 2.763 per cent a week ago.
Bids for the $500 million of
l82-day bills averaged 3.093 per
cent. The rate week ago was
3.058 per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24
ReichhoId Stock Split

WHITE PLAINS. N. Y. Mar.
"a tAP).--Directors OF Reich
hold Chemicals. Inc. yesterday
approved a two-for-one stock
split and the purchase OF a
chemical Arm in Austin. Tex.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24
work from Scranton Corp. and
Hal Roach Studios, Inc.
Singer and Investment Firm
Buy 2 Radio Stations

John w. Kluge, president and
chairman Of the board of Me-
tropolitan Broadcasting Corp,
announced yesterday the sale
of Radio Stations KNOX. Fort
Worth-Dallas tTexD area and
WKDA. Nashville. Tenn, sub.
ject to approval by the Federal
Communications Commission,
for n sum in excess of 81
million to Singer Pat Boone
and the Townsend Investment
Co. of Sohrt Hills. N. j.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24
MBS Appoints Hurleigh
As Vice Chairman

Robert F. Hurleigh, senior
vice president in charge of OPP
erations of Mutual Broadcast
ing System, has been named
vice chairman of the board and
Thomas Crank, Washington
attorney. has been added to the
board Of directors. it was an
nounced in New York.
Malcolm E. Smith. jr.. Smith
town. N. Y. and Richard H
Davimos of West Orange. N. j.,
were named board chairman
and president. respectively. Mr.
Smith and Mr.. Davinos are
members Of a New York group
which bought the radio net
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24
'3 b BUSINESS
18th D. c. Association
Adopts 4 Pct. Rate
BY DONALD b. HADLEY
star Financial Editor

fourteenth Washington savings and loan association
today announced would quarterly dividend at the
rate Of per cent per annum amid signs that IA other
associations will put strong opposition the rising trend
Directors Of Washington Permanent Building Association
have decided at the HIGHER with the quarterly
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24
METAL PRICES

NEW YORK. Mar. "a (APl .--spol
n99nierrous metal prices today: Copper
81 a-H cents pound. Connection
VIE yaney Lead liz cents q pound New
Louis. Tin 81 .O2S. a pound New
York. Foreign silver 91ss cents Del
troy ounce. New York. At Pittsburgh
scrap steel No. / heavy was quoted a,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24
OVER COUNTER

Washington listinRs on over-the-
counter markets furnished by the Ma
tionai Association Of Securities Dealers
As Of ! pm, Tuesday. March "a. 1859;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24
TREASURY BONDS

NEW YORK. Mar. "a (AP).-Yester
DAYS closing over-the counter U. S. Gov
eminent Treasury bonds:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-24

foreseeable period of time, he
said.
, 1959-05-27
New York Jesuits
Assign Eight to
Puerto Rico

Jesuits from the New York
Province of the Society Of
Jesus next summer will take
charge Of all Of the@ministries
If tn society in Puerto Rico,
it was announced by the Very
Rev. Thomas r. Henneberry, S.
j., Provincial.
The.New York Province IN
cludes New York state and
northern New jersey. IN past
years it has sent Jesuits as
teachers and pastors to the
Philippines and the Caroline
and Marshall Islands in the
Pacific. Three hundred Jesuits
are stationed in these areas
from the Province.
8 to Co to Puerto Rico
CONTINUED on page -