davidaulloa/AmericanStories huggingface dataset:
Evening star., 1959-02-08
CrudIin Recalls
His 20 Years at.
Clearing House

William N. Cradlin has Just
rounded out 20 years as an Of
flcial Of the Washington Clear
ing House Association.
Mr.. 'Cradlin was elected
manager Of the association in
September, 1855. But he had
been assistant manager Of the
association since 1888. In the
interim he has seen Washing
tons banking business grow
tremendously. :.
In 1898, he recalled yester-
day, bank clearings here to-
tailed $l,l46,655,7l7 contrasted
with 1885 $7.299,223,123. Mr..
Cradlin is. assistant secretary
of The American Security g.
Trust Co.
Headquarters OF the associa-
ton are in. the Metropolitan
branch building of the Arneri-
can Security g. Trust Co. at
6l3 Fifteenth street NV. H. T.
Bisselle. president Of the Riggs
National Bank, is chairman of
the association.
Previously, Mr.. .Cradlin was
with the. National Metropoli-
tan Bank, as assistant cashier,
before it was absorbed by the
American Security & Trust Co.
The 58-year-old official has a
bachelors degree in accounting
from Benjamin Franklin Uni
versity and has attended all
courses Of the Washington
Chapter, American Institute Of
Banking. He. Joined the Ma
tional Metropolitan Bank in
1918.
The association. composed of
l3 banks and trust companies
nine full members and four
associate MEMBERSHIPS organ
lied on April IS. 1887.
Evening star., 1959-02-08
YOUR.
MONEYS WORTH
Who Buys the Houses?

Who buys the houses in this
Nation in which more than sc
per cent Of all families are
hotneownerS?
In the great majority Of cases
the buyer is a man who either
doesn't want or isn't eligible to
fget a mortgage insured or guar
anteed by "a Government
agency. Three out of four
homes purchased last. year were
bought with the aid of conven-
tional mortgage financing
meaning with loans not insured
by the FHA or guaranteed by
the VA.
The typical house buyer in a
metropolitan area is about 81
His annual income averages
.s7,3OO..
He typicafly buys a house
containing six rooms. costing
about $17,l00 and gets a con-
ventional mortgage of around
Sl1,l00. And he puts down
around $4,000 in cash or 80 per
cent of the purchase price.
These facts are. available for
the first time in a pioneering
study just completed by the
United States Savings and Loan
League and to be released in "a
few days.
Survey Is Cited
Despite. the dominance OF
the conventional mortgage loan
in the purchase of homes. little
research has been done on the
characteristics OF the families
using the conventional loan. AS
Miles L. Colean and Leon T
Kendall, the housing experts
who wrote the report, colorfully
put it:
'"The world of home mort.
cages is like a family of three
children. where one does the
bulk Of the work and the other
two get the bulk Of the at
tention.!"
\ Because. the Federal Housing
Administration and Veterans
Administration are constantly
involved in politics, many
people mistakenly think they
are the dominant influences in
the housing market. And be-
cause these agencies constantly
seek out publicity, many peo-
pie minimize the conventional
loans made by financial in
stitutionS.
Now we have some facts
from this survey and a recent
Bureau of Census report.
For instance, an impression
I've had is that borrowers US
ing conventional mortgages
are older and have larger in
COMES than those using Gov
ernment-backed mortgage con-
tracts.
1t isn't so. More than 60 pei
cent of the buyers of new
homes with conventional mort
cages are under 40, more thar
Al per cent are under 35. And
the average income of the
Evening star., 1959-02-08
BY SYLVIA PORTER

conventional loan home buyer.
according to the Census Bu-
reau, is S5,682 below the
S5,844 income Of VA families,
the $6,154 income of FHA
! families.
Another impression is that
the FHA and VA programs
primarily help finance lower
priced houses and are used
most frequently by lower
income families.
Facts Offered
It isn't so. Again according
to Census Bureau figures. 35,4
per cent of conventional loans
go to finance homes priced un-
der $4,000, compared with 12.5
per cent of FHA loans and 9.5
per cent of VA loans financing
homes in this price class. And
lowest-income familieS-those
with incomes under $4,000
use conventional loans twice
as frequently in buying homes
as they use FILA or VA backed
financing.
Enough of what isn't SO.
What is obviously so is that
the conventional loan is a vital
force in the housing market
and an even, steady flow or
funds into this type of mort
gage is imperative to sustain
new home building and main
tain the used home market.
There is serious talk of de-
veloping a national market"
for conventional mortgages.
There is discussion of creating
devices which would permit an
applicant in areas. where. funds
are scarce to get his mortgage
in areas where money. is plen-
tiful.
The league properly doesn't
give any clue to It's Views in
this study. But a basic force
behind the research surely was
its belief that the conventional
mortgage market can be ex-
panded and strengthened. 1t
can and should be.
Distributed 1859 by the Hall
SYNDICATE, Inc All Rights ReServed)
Evening star., 1959-02-08
Stocks Prices
Sink. Despite:
Bu||ish News; !;
BY ED MORSE


NEW York, Feb. 7-Despite
an assortment Of bullish news,
stock market prices this week
had their steepest weekly loss
in more than. a year. Volume
was the lowest since mid-Sep-
tember. o..
Prices wilted under profit
taking and sheer lack Of inter-
est. The Associated Press aver
age of go stocks declined $3.50
to $214.30. its sharpest weekly
decline since it lost $4.60 in the
week ended December %. 1857.
The Dow Jones industrialS
declined ll.63 to 582.33.
The markets weak perform
ance took place in the face Of
news like this. Unemployment
decline; instalment debt ris-
ing; steel output at a l9-month
high; copper prices raised a
cent a pound; Ford motor
sales at near-record levels in
the final quarter Of '58; con-
struction outlays in January
at a new high for the month,
and rail freight carloadings in
the. largest year-to-year gain
since freight volume turned
down in. August. 1857.
The five most active issues
this week on the New York
Stock Exchange we're: Graham
Paige, up u at 31a on 548,300
shares; American Motors. of
334 at 332s; Fruehauf Trailer.
up "a at 2034; Standard Oil
New Jersey, of % at 543s,
and Lukens Steel, up 85s at
82A.
Evening star., 1959-02-08
BUSINESS.
BRIEFS
BituminOus Production

Bitumin0us Production in
the week. ended January 81
totaled S,555.O0O tons COM
pared with 8,0O5.OoO in the
previous week and. 8,l20,000 in
the like week a year ago.-Na-
tionaI Coal Association.
Glass I Railroads in 1858 had
earnings of $500 million COM
pared with $740 million in
1857. December net was esti-
mated at S89 million compared
with SIS million in 1857
Assn. of Amer. Railroads.
Crude Petroleum Stocks, do
meStic and foreign; on January
81 .totaled 259,670,000 barrels,
up l,749,0OO for the week.
Bureau Of Mines.
Republic Steel. Corp. an
nounced it is stepping up pro-
duction at its plants at Youngs-
town, Canton and Massillon
and plans to recall $40 men.
H. L. Green Co. announced it
had, reached "a preliminary
agreement with Variety Stores.
Inc. to acquire Variety's. con-
trolling interest in United
Stores Corp.
.Eornines -:
Tidewater Oil Co.. in 1853
earned $2,600,00O compared
with s34,947,0OO in 1857. Aft
er preferred dividened pay
ments, the deficit on common
stock was 3 cents a share VS..
earnings of $242 in 1857.
f. Canada Dry Corp. in 3
months ended December 81
earned $l,l25,O07 or 46 cents
a share VS.. s1,097,o59 or A
cents in 1857.
Evening star., 1959-02-08
BANK STOCKS

NEW YORK Feb, z (AP).-National
Association Securities Dealers, Inc:
Evening star., 1959-02-08
DIVIDENDS

NEW YORK, Feb. 7 CAF).-Divi-
dends announced:
Pc. .Stk OF Pay
Rate; riod record able
Irregular
Tn Fds-Un Sci Eds &C ..-13 2-27
st SthweSt Ry Sl3U .3-3 81!
Increased
Fafrir Bearing &c 2-l6 3-lG
TampaX Inc 55c =. 2-l3 2-2s
Resumed
Richardson Co l5c 2-l3 80
Regular
Miro Alum 3Oc 3-13 AL
Owens III Glass 62l2c O. '2-l6 3-5
Evening star., 1959-02-08

STOCKS Par
PUBLIC UTILITIES Value
Pot Elec Pwr com SO
Wash Gas 1t com None
Wash Gas 1t S5 pf None
BANKS AND INSURANCE
Natl Bank Of Wash 10
Union Trust Co 10
MISCELLANEOUS
Peoples Drug st com 8
Universal Marion Cp- 1880
Woodward a. Lothrop 10
'Plus extras or extras.
Evening star., 1959-02-08
TREASURY BONDS

NEW YORK, Feb. 7. CAP) Closing
ver-the-counter Treasury bonds.
Evening star., 1959-02-08

Rates Of dividends in the foregoing
table are annual disbursements based on
the. last quarterly or semi annual decla.
ration. Unless otherwise noted. special
or extra dividends are not included,
a Also extra or extras. Annual rate
plus stock dividend. Declared or paid
in 1859 plus stock dividend e Paid last
year. Payable in stock during 1859,
estimated cash vlue on ex-dividend or
redistribution date. Declared or paid
so far this year h Declared or paid
after stock dividend or spltup. kDe.
clared or paid this year, an accumula.
tive issue with dividends in arrears.
p Paid this year. dividend omitted, de.
ferred or no action taken at last dividend
meeting. DeclaIed or paid in 1858 plus
stock dividend. Payable in stock during
1858, estimated cash value, on ex-dividend
q redistribution date y Liquidating DIV
idend, cid Called. Ex dividend. x-dis Ex
distribution. xT Ex rights. XIV Without war.
rants, WY With warrants: wd When dis
ftIibuted. wi When issued,s nd Next day
tielivery. q IN bankruptcy or reseiveTship
6r' :beiAg Teorganized under the Bank
,ruptcys9 Act, Or securities assumed by
such ocompSnies.o g
Evening star., 1959-02-08
COMMODITIES

NEW YORK. Feb, z (AP).-The
commodity prices pushed hisheT this
week
The average now stands at 1859 .a3,
up from 1882 q week ago but down
from 17212 year ago. :
higher except food which dropped to
a le5s.9 low: Both industriais and
Evening star., 1959-02-08

seconds.
Subject to Federal taxes but not to
State income taxes.
Evening star., 1959-02-08

unit Of trading 10 shares sales in full Rates oi
dividends In the ioregong table are annual disbuTse
ments based on the last quarterly semiannual decla
ration. Unless otherwise noted special extra dlv
TSs ,ssd rate plus stock DIVIDEND Declared paid
in stock during 1859 estimated cash value on exdivi
dend or eSiStrbntioa date Declared Or paid 50 sI
spltup. Declared or paid this year, accumulave
issue with dividends in arrears. p Paid this year
dividend meeting Declared or paid in 1858 plus stocl
essS Tau. Sfk during ly das
rs MMqq6atins % dividend cid Called xEx dividend
rants. WV With warrants. wd When distributed. W
When issued nd Next day delivery. In bankruptcy
or receyership or being reorganZed under the Bank
rupcy Act or securities assumed by such companies
The Arizona post., 1959-09-04
City of Hope

The Tucson chapter of City
of Hope will install newly
elected officers Sept. IA in
the Santa Rita Hotel.
Fred Rosen will be installed
as president and Mrs. Al
Kaufman as first vice-presi-
dent to head the slate.
Ben Horowitz, executive di-
rector of the City of Hope
National Medical Center, will
install the officers.
The Arizona post., 1959-09-04

Brandeis Women have IO8
chapters from coast to coast
and it's 1000 members sup
port and maintain the uni
versity's library. The wom-
ems committee also has pro-
vided a million dollars to-
wards the construction of the
new Goddard Library Build
ing which will be dedicated
Oct. 25.
Brandeis University, located
in Waltham, Mass, is the
first Jewish-sponsored, non
sectarian institution of higher
learning in this country.
The Tucson chapter will
hold it's first general meeting
of the new season Oct. 26 at
Temple Emanuel, it was an
nounced by Mrs. Joseph My
erson, chapter president.
Women wishing further in
formation on the chapter
may call Mrs. Richard Bloch
or her co-chairman, Mrs. JOS
eph Kinds.
The Arizona post., 1959-09-04
Strip Tease Not
Torrid Success
In Israel

JERUSALEM, (JTA) -
The first strip tease dance
performed in Jerusalem
since Salome did her dance
of the seven wells in Bibli-
cal times was given in the
night club of a Jerusalem
hotel by a young, new i'm
migrant stripper.
Although she received a
fair amount of applause,
the hit of the show was a
fully clad South African
Negro singer.
The Arizona post., 1959-09-04

They urged speedy action
by Congress on pending bills
to revision of the immigra-
ton laws, stressing that "the
traditional American policy
for more than a century and
a quarter was to welcome i'm
migrants, freely, to this coun-
try" and pointed out that the
immigrants and their de-
scendants Contributed might
lily to the development of the
United States through their
services and contributions in
industry, in the professions
in civic life and in public
service, as well as in the
armed forces"
Strongly criticizing the Nc
Carran Walter immigration
and Naturalization Act which
is incorporated in the present
us. immigration policy, the
JWV said that this Act ''is
based on a biased national
and racial quota system, on
retrogressive immigration
procedures and on a wide
variety of provisions con-
trary to the American spirit
of fair play"
The JWV also submitted to
members of Congress its S
views on a long-range Ameri-
can policy for the settlement
of the Middle East crisis.
These views took into consid-
GRAFTON that "the economic
welfare of Western Europe
depends on the steady flow
of oil from the Middle East"
and recommended the follow
ing in part:
The United States shall de-
clare it's intention to guaran-
tee the territorial integrity of
the Arab states and Israel
against both direct and indi-
rect aggression, and shall, if
necessary, continue to main
tain troops in the area upon
request of any of these ma
tions which is subjected to
such aggression.
The United States shall de-
clare it's continued support
for the stationing of United
Nations observers and police
forces in the Middle East to
preserve territorial integrity,
thus permitting the depar-
ture of American troops from
the area.
The United States shall sti-
mulate peace negotiations be-
tween Israel and the Arab
states which shall include the
resettlement of the bulk OF
The Arizona post., 1959-09-04

the Arab refugees in the un-
populated Arab state, making
permanent the existing boun-
daries in the Middle East, and
the opening of the Suez Canal
to Israel shipping.
The Arizona post., 1959-09-04
War Veterans Urge US.
To Revise Entry Laws

WASHINGTON, (JTA)-The Jewish War Veterans of
America submitted to members of both houses of Con-
gress the texts adopted by the organization
at it's annual convention earlier this month national and
international issues.
The Arizona post., 1959-09-04

TEL AVN, (JTA) = Pro
duction of copper, phosphates
and other raw materials in
the Dead Sea area increased
last year by IL percent, as
compared to the preceding
year.
The Arizona post., 1959-09-04

JERUSALEM, (JTA)-The
West German Government
has agreed to pay compensa-
ton to the families of per-
sons killed by the Nazis dur
ing a pogrom in Jassy, Ru-
mania, in June, 1941.
The Arizona post., 1959-09-04
Brundeis Women PUshinq
Campaign On Membership

The Tucson Chapter of Brandeis University National
Womens Committee is in the midst of widespread
bershp campaign
The drive closes Oct. 25 Locally the membership cam
pagn is headed by Mrs. Richard Bloch.
The Sidney herald., 1959-03-11

DR.. George L. Davis of Billings,
director of speech and hearing
therapy for the Montana Society
for Crippled Children and Adults,
the Easter Seal Agency, is shown
with Kathy Killbride during a
speech therapy session at the Bill
ings center.
Kathy, daughter of Mr.. and
Mrs. Daniel Kilbride of 929
Avenue c, Billings, has a func-
tional articulatory disorder, using
many sound substitutions. Their
apy was started with Kathy in
September and it is expected that
within the next few months she
will be speaking as well as she
should for her age.
Speech therapy," DR.. Davis
said, sis only a word to most of
US, but to four-year-old Kathy and
hundreds of other Montana chill
dren burdened with speech de-
fects, it is a door that opens to
a new and fuller life.
The child afflicted with a
speech defect is always a little
apart from the rest and alone in
many ways, not being able to
communicate his ideas and
thoughts. Because there is no
greater reward than helping a
child, the Montana Society is en-
barked on a program with its
ultimate goal that of bringing
rehabilitation services to all Mon
tana handicapped regardless of
type OF disability.
st should be understood" DR..
Davis pointed out, that the re-
Mobilization of those burdened
with speech defects is only a
part of the Statewide rehabilita-
ton program nov under way by
the Society. In addition, the pro-
grams in force provide therapy
for the thousands of persons
with hearing and orthopedic
h~andicaps caused by illness or
accident.
1.-THE more than 1900 persons
of all ages aided in 1858 are only
about five per cent of those in
Montana who need the help that
professional therapy can bring.
But" he said, because of the
limited facilities available to the
Society they cannot now all be
served.
"The Montana Society,"" DR..
Davis pointed out, "is the only
organization in Montana which
provides, with the use of volun-
The Sidney herald., 1959-03-11

pilots. The lost plane was found
by a Wolf Point pilot.
Soccer fans rioted during a
game between Costa RIGA and
Mexico played at the airport in
San Jose, Costa Rica and burned
three light aircrafts parked at the
field. The stands at this athletic
field are built at one corner of the
field. Last November I saw a pony
polo game played on this filed
from the window of an excellent
drive inn type restaurant which is
situated at the end of the playing
field. No riots at the pony polo
game so l guess l was cheated.
This particular airport is called
La Sabana Airport and is located
right at the edge of town.
Costa Rican Airlines and a Mex
lean Airline operate scheduled
flights through La Sabana. TACA,
Pan American Airlines and kim,
the Dutch carrier, all operate their
flights through the more modern
airport called Ell Coco which is
about 20 miles from downtown
San Jose. No soccer field at Ell
Coco.
.
Passengers boarding Frontier
Airlines this past week in Sidney
included K. E. Watson, Casper;
Mansel Woods, Denver; w. r. Pat
Amarillo, Texas; Ed Houc-
hen, Los Angeles; Howard Clos,
Miles City; Gary Torgerson, Los
Angeles; Miss Cheryl Benson,
Billings; Robert Petersen, Denver;
James Petersen, Denver; Charles
Chicago; R. c. NORM, Bill
Carl Lacher, Phoenix; and
George Jambor, Phoenix.
+ = = i =
Another Frontier Travel Tip
Leave Sidney 2:45 pm. Arrive
Denver 1888 pm.
The Sidney herald., 1959-03-11
Airport News
BY
jim SEBASTIAN

Mansel Woods will present Sid
ney's air service case before the
Civil Aeronautics Board in Denver
on March 10. Frontiers 3 year
temporary certificate to serve
Sidney expired on January "a.
This hearing will determine
whether public convenience and
necessity require the renewal of
Frontiers service. Frontier Air
Lines has already presented ex-
hibits to the CAB supporting re-
newal of service to Sidney. Man.
sci Woods has prepared a strong
case for continuance of airline
service to Sidney based on the
areas isolation and the future of
the city. Wolf Point and Miles
City are also operating under
temporary certificates and the
future of their airline service is
also dependent on the results of
this hearing.
Three Sidney Civil Air Patrol
pilots flew a total of 10 hours in
the search of the lost Willistor
plane last Saturday. Participating
in the search were pilots Doc
Baker, Dick Robertson and Gunar
Hansen. Curt Ball, Cliff Tyree,
Clayton Wurst and Glen Wander
hoof were the observers for the
The Sidney herald., 1959-03-11
Three Buttes

Mr.. and Mrs. Fred Franz left
for Colorado Springs, Colo. They
will visit Mr.. and Mrs. Wayne
Gibson and from there will go
to Meza, Arizona to visit rela-
tives and friends. They plan to
be away for about a month.
A week ago Saturday several
neighbors and friends had a sur
prise birthday party for Mrs.
Florence Smith at the Jim Putnam
home. She was presented with a
nice gift.
Mrs. Gottleib Friemark and her
daughter, Mrs. Harry Gregerson
of Miles City, visited at the Theo.
Schields home Thursday and
Friday. They brought Mrs. David
HEIR to her daughters home.
MI. and Mrs. Jim Putnam en-
tertained the Rev. B. A. McLain
family on Sunday.
Mr.. and Mrs. Deckert visited
at the Theo. Schields home Sun
day evening.
Mr.. and Mrs. j. N. Jacobson
and their daughter and husband,
Mr.. and Mrs. Ken Prather of
Seattle arrived Thursday morning
for the Martin Jensen 50th we'd
ding anniversary which was Mar.
9th. They visited at the Walter
Bauman and Martin Jensen
homes. Mr.. Jacobson and Mrs.
Jensen are brother and sister.
The Jacobson's and Prathers left
for points in Wyoming Saturday
morning.
The Henry Schwenke family,
Mrs. Stan Proctor and daughter
Lynnette were supper guests at
the Walter Bauman home on Sat-
urday. Later that evening the
Dave Albin family visited also.
The Three Buttes Homemakers
will meet March 10Th at the Jim
Putnam home. The meeting starts
at 2 pm. Mrs. Putnam and Mrs.
Florence Smith will be hostesses.
Members please plan to attend.
Mr.. and Mrs. Theo. Schields
visited at the Martin Jensen home
Friday evening.
The Sidney herald., 1959-03-11
CARD OF THANKS

We wish to take this means of
thanking our friends for their
many acts of kindness and assis-
lance given us at the time of our
recent bereavement. Special
thanks to DR.. Harper and the staff
at Community Memorial Hospital
for the wonderful care given u
loved one; to Rev. George Sand
ers for his comforting message; to
Mrs. Walter Quilting and Mrs.
Ralph Criger for their service of
music, and to those who acted as
pallbearers.
Our thanks also to all who sent
flowers and memorials, remember
ed US with cards of sympathy and
those who brought food to u
home. All were greatly appreci-
ated.
MI. VIM. Zeller
and Family
8-1tc
The Sidney herald., 1959-03-11
CATHOLIC WOMEN HEAR
FATHER MARTIN BURKE
ON DAY OF RECOLLECTION

The Day of Recollection spon-
sored by Catholic Daughters of
America, was attended by 100
women from Sidney, Culbertson,
Fairview, Lambert and Savage.
Father Martin Burke of Glen
dive gave several inspiring con-
ferences throughout the day and
officated at the various devotions.
Dinner music was furnished by
Marie Schmidt, soloist, accompan-
led by Mrs. Don Rees. ST. Gerards
The Sidney herald., 1959-03-11
NOTICE OF MEETING
OF DEMOCRATIC WOMEN

The Democratic Women will
meet Monday evening, March 16,
at 8 o'clock at the home of Mrs.
Orvald Norgaar0 with Mrs. Emil
Voss as co-hostess. All members
are requested to be in attendance
and interested friends are well
come.