davidaulloa/AmericanStories huggingface dataset:
Evening star., 1959-02-15
StoeksWork
Higher After
Early Slide
BY ED MORSE
Associated Press Financial Writer


NEW YORK, Feb. l4.-The
stock arket this week
stemmed a series of daily de-
clines and worked higher. A
brisk rally on Friday gave the
market a net gain on the week.
The Associated Press average of
so stocks rose $l.20 to $2l5.80.
The same stock market
which fell a week ago despite
bullish news rose this week
when the news was only $3.50.
Slashes in crude oil prices in
the Middle East and Venezuela
we're a sharp blow for the oils.
News that the Government was
trying to recover $40 million of
alleged excess profits from
Boeing was a shock to that
stock as we'll as other aircraftS
which feared similar action.
Reports that an antitrust in
vestigation was being prepared
against General Motors was not
reassuring to the automaker.
The relatively stubborn per-
Torrance of the affected stocks
was heartening to the list as a.
whole. GIN gave up only y.
Boeing l's, Jersey Stand
ard 2ls.
Meanwhile, a wide aSsort-
ment of other stocks carved out
some sizable gains.
The five most active issues
this week on the New York
Stock Exchange were: Frue-
hauf Trailer, up 312 at 24A on
100000 shares; Standard Oil
New Jersey. off 21s at 52A;
American Motors. up % at
33A;. Aluminium Ltd. of .l2s
at 30, and General Motors, of
"a at 46.
Evening star., 1959-02-15
N. Y. COTTON


NEW YORK, Feb. ~ (AP).-Cotton
prices moved irregularly last week but
closed in moderately fTmer ground.
Futures contracts on the New York
Cotton Exchange showed net gains Of
cents on the october delivery to So %
on the nearby July.
Sustaining factors included price hx-
ing. mill buying and demand based on
the possibility OF tight free supply
situation later in the season
Offerings were. furnished by profit
taking, light hedge selling and liqui-
da tion
loan entries during the week ended
February Il were placed by the Com
modify Credit Corp at only lS,OOn
bales VS.. 10000 week previous and
3i3 900 two weeks previous.
Exports for the week Gnded Tuesday
approMmated 10000 bales, according
to the New York Stock Exchange Scrv-
ice Bureau, compared with $4,000
bales the previous week and 100000
bales last year For the season through
February 10 exports totaled l65O.O0O
bales against 3,O00,OO0 year ago.
Evening star., 1959-02-15
=. YOUR
MONEYS WORTH
Mass Refusal of u. S. IOU's
~ SYLVIA PORTER

they buy more Government Sc
curities.
Although prices on market
able Treasury obligations have
sunk to the lowest levels in
years and the market is highly
nervous, a climax" hasn't oc-
CURED and hopefully, It won't
occur.
But fihanciers are beginning
to shudder at the magnitude
OF the debt MANAGEMENT prob
lens facing. the Treasury.
Near Debt Limit
In its new borrowing the
Treasury is humping against
the legal debt ceiling.
In its sale Of securities the
Treasury also is approaching
the AZ per cent interest rate
ceiling or new bonds set up by
Congress in the World War l
era.
Now the eVangelistic attitudes
become understandable. Spokes-
men for the White House, the
Treasury, the Federal Reserve
System are. crying out that the
budget must be balanced-So
the Treasury can avoid bor-
rowing more. new money and
the inflation-feeding deficit can
be erased.
Even as the Treasury was
counting the yefusals on its
IOUS its chief. Secretary Ander-
son, was standing. before a
joint House-Senate Economic
Committee, solemnly warning
that. IF we ever reach the
point where people believe that
to speculate is safe, but to save
is to gamble. then we are in
deed in trouble"
There is no simple way out Of
this one. Actually, I can't re-
cali when experts in this field
have been so lacking in solu-
tions-except, balance the
budget, squelch imitation fears,
convince investors that Treas
ury securities at these interest
rates are sound buys" So easy
to. write, so hard to achieve!
Distributed. 1859, by The Hall Syndi-
cate. Inc, All RIGHTS ReservedJ
Evening star., 1959-02-15
BALTIMORE.
LIVESTOCK.

BALTIMORE, Feb. ] ( tAPj tUsDAl.
Cattle and calves: Compared to last
week slaushter steers uney6nly steady
to 80 cents lower, slauT hter heiterS
lower. Instances 80 cents OF. bulls
steady to weak, yeslerS SOL 80 lower.
stockers and feeders steady to weak,
bulk lO5S-l15S ID good to low choice
slaughter steers 20 25-2S.0O in the
aoS Go;ipS e5oes ads' fs% 9ts i.x s1o liz 9o 3
loads 036-ll$3 ID high good to mostly
choice, "S: :2j-9 90 Monday. lot 1850
IN hish rrotcH ,a75. several lots aud
loads 11s0-l365 ID Sood 10 low choice
- - 90 70? 80 thropsh The week, bulk
ard and low good a8.55 Monday; dt 'fc,S load
S59 10 high good and low thoice
.Slagghter hsifefs $50. small lot
ao3 n,oi,, ID choice y 90 short 3 loads d
-, -: utility COWS closed ls.@j-@015.
several head high utility and com
mercial FL .nn-t2 90. cahnerS and cut
ierS oo l6, %; Co. SD several liSht Gamers
smsn volume UTILITY bulls easo-
e5 90 individuals :5?!5-28 -. good
and choice l5n-"5O 70 vealers rs. 90
~ 90, choice ~ 80 and up, standard
~ .oo-33 90, several choice ~ 90 early
in the week few ~ 90; bulk 700
i'fp ~ uliAtu HlBH IIFGluIn 10 low
choice feeder steers 20 25-2S. 90. small
lot Sf"-lb good and choice - SO, bulk
5i0-665 lb' medium and GOOD stock
steers - 5000 90. few lots same
weieht mixed medium. good and low
choice O"5-3l so. lot 5lp ID com
mon and medium 275O. short > loads
474 ID medium to choice but mostly
GOOD stock steer calves $3.50
Hoes: Compared to last week butch
ers steady 70 - cents lower. instances
so cents OF on weights over 23n lbs
sows 50-75 cent lower mixed u. S
No. l." lS0-225 ID butchers i775
each day throush mid-weeT. in closinR
trade bulk mixed No. l." and No ! n
lS0-230 ID butcheri 1925. about 6O
head No ~ 5000 ID u. so. few
iotS 20 -; \, -d5--3E ~ n l9:2s5ol ~,
mixed No - 300-5Ou ID sovS l@.75-
II 80. these l40O-l5 So on Monday
.Sheep: Receipts too scarce for ade-
duate test Of prices.
Evening star., 1959-02-15

Unit q irading 10 SHARES or sales IN full Rates Of
dividends In The foregoing table annual dsburse
ments based the last quarterly semi decla
ration. Unless otherwise noted special extra div
dends are not included Also extra extras An
ngsl rate plus stock DIVIDEND Declared or paid in
in stock during 1859. estimated cash value eXdiv
dend or exdistrbution date Declared or raid far
splitup Declared paid this an accumuIative
issue with dividends in arrears. pPad this wear,
dividend omitted. deferred no action taken at last
dividend meeting Declared paid in 1858 plus stock
cash value on ex dividend or exdistrbution date,
LiauidatinR dividend. cid Called Ex dividend
X-ds Ex distribution. xr Er rights XIV Without
rants WV With warrants wd When distributed wi
When issued. nd Next dsy delivery In bankruptcy
or receivership being TeorganLed under the Bank
ruptcy Ac or securities assumed by such companies
Evening star., 1959-02-15

Something rather frightening
is going on in Wall Street. in
volving the credit and financial
reputation OF the Government.
Administration policymakers
are starting to talk in almost
evangelistic tones Of the urgent
need for balancing the budget
now. They insist it's imperative
to squelch now the belief that
imitation is inevitable in this
country. They're stressing in
flation dangers so much now
a time when prices are fairly
stable, unemployment is dis
turbingly high. lots Of indus
trial plants are idle. Here's the
story:
Yesterday and today over SO
billion Of Treasury securities,
held by institutions and wealthy
individuals the Nation over.
mature. Since the Treasury
hasn't the cash on hand to pay
off the securities. early last week
it asked owners Of the l o Us
to extend them. And to induce
the extensions, 1t offered close
to the highest interest rates in
a quarter century - 334 per
cent for a one-year extension
4 per cent interest for a three
year extension.
22G. Say "No"
Holders of more than % pei
cent - or 50 billion - of the
| ! o U.s.. said No" They are
demanding their cash this week
end.
This was one Of the biggest
mass refusals of Treasury. Sc
curities on. record. To meet the
cash demands, the Treasury
has been forced to borrow a
large chunk Of money against
the taxes it will collect next
September.
Why did these investors turn
down the new Treasury securi-
ties?
Because many think that as
today's economic advance pro-
crosses, they'll need the money
for other, more profitable
activities. They don't want to
extend loans to the Treasury
even for a year.
Because many have become
increasingly disenchanted with
buying Treasury, securities dur
ing the past several months OF
a huge budget deficit and con-
slant Treasury borrowings.
: Because many are convinced
the combination Of Govern
ment-busineSs-labor policies
will keep us in a long-term in
flation cycle. They don't want
to own fIxed-income Securitie:
in a period Of imitation.
Because many believe that
as imitation accompanies the
business upswing, interest rates
will go even higher. They're
waiting for some sort 9 Of
climax" in the market before
Evening star., 1959-02-15


Rates Of dividends In the foregoing
table are annual disbursements based on
the last quarterly or semi-annual decia.
ration. Unless otherwise noted, special
or extra dividends are not included
Also extra or extras b Annual fate
plus stock dividend. Declared Of paid
IN 1853 plus stock dividend e Paid last
year. Payable In stock during 1850
estimated cash vlue on ex-divideno vD or
ex-dIstribution date, g Declared OF paid
after stock dividend or spiitup. r6 De.
clared or paid this. year, an accumula
tive issue with dividends in arrearS
P Paid this year. dividend omitted, de-,
ierred or no action taken at last dividend
meeting. Declared or paid in 1853 plus
stock dividend, Payable in stock durins
1858, estimated cash value. on ex-dividend
or ex-distributiOn date y LiquidatinR div.
idend. cid Called. Ex dividend. x.dis Ex
distribution. X. Ex rights, XIV Without wars
rams, tS,ns;. WV Wth warrants; wd When dis.
delivery. In bankruptcy OF recelVerShlp
or being reorsaniIed under the Bank.
ruptcy Act, or securities assumed BY
sukh companies.
Evening star., 1959-02-15

Div
:53 .5$ ; 81: 80: ,55; 5i; 49, 5$$ ,3f &
!: sis. gis Is Y. 3S !: ss s!!,
j553 j5S3 !. T. u" " IT. IL; e.: f. ..
Evening star., 1959-02-15
ADVERTISEMENT

Prices quoted in dollars and thirty
seconds
Subject to Federal taxes but not T.
State income taxes
Evening star., 1959-02-15
TREASURY BONDS

NEW YORK, Feb Il. tAP) Closing
over-the -counter Treasury bonds
Evening star., 1959-02-15
A $4,000
MISTAKE
A Wall Street Journal
Subscribers Experience

After years of unsatisfactory
progress in business = earning
a few dollars here and losing a
few dollars there L decided to
try new tactics. | decided to
broaden my outlook-to find out
more about what goes on in the
business world = to learn about
new inventions, new industries,
new ways of doing business.
One thing did was to sub
scribe to The Wall Street Jour
nal. Believe me, it has paid off.
The reports in The Journal
come to me daily. | get the
fastest possible warning of any
new trend affecting my business
and personal income. | get the
facts in time to protect my in
terests or to seize quickly a new
profit-making opportunity. Last
year | earned $1,000 more than
the previous year. Why didn't |
subscribe to The Journal two
years sooner? | was wrong not
to. 1t was a $4,000 mistake.
This experience is not un-
usual. The journal is valuable
to owners Of small businesses.
1t is wonderful aid to salaried
men making $500 to $4,000.
1t can be of priceless benefit to
young men who want to win
advancement.
The Wall Street Journal is
the complete business DAILY.
Has largest staff Of writers on
business and finance. The only
business paper served by all
three big press associations. 1t
costs $24 year, but you can
get a Trial Subscription for
three menths for 81. Just tear
out this ad and attach check for
81 and mail. Or tell us to bill
you: Address, The Wall Street
Journsl, "a Broad St., New
York 4. N: Y. WIS . +,
-, W.
Evening star., 1959-02-15
Earnings
Bendix Aviation Corr

Bendix Aviation Corp. in 8
months ended December 81
earned $5,157, 1854 or Sl.02 a
share VS.. S4,897 ,486 or 81 cents
in 1857 period.
ACF -'Wrigley Stores in s
months. ended December 81
earned So, ,466,000 or 81 cents a
share vs.. s2,6SS, 900 or Sc cents
in 1857 period.
Best & Co. in year ended jan
uary 81 earned S2.l95,l33 or
1857 a share VS.. $l,,773,772 or
S2.96 in 1858.
Other earnings included:
. For Year Ended December 81
schertng sl2,454,Ooo Sl5,365 900
Eaton Me- 7955:;g I3,2i5:5ss
Mccrory ST., 2;s5s,si4 s,aol,655
Walworth Co SlO.653 5,lO7.O2p
Per share 037 23l
Evening star., 1959-02-15
= CAPITAL SECURITIES
PHILADELPHIA BALTIMORE STOCK EXCHANGE
Transactions
bv tive

sTocKs Par
PUBLIC UTILITIES Value =
Pot Elec Pwr com - S1Oo
Wash Gas 1t com None
Wash Gas II $50 pi None
BANKS AND INSURANCE
Eatl Bank Of Wash 10
Union Trust Co 10
MISCELLANEOUS -
Peoples Drue ST com 5.
Universal Marion Cp 1880
woodward a. Lothrop 10
fPlus extras or extras.
The Farmville herald. (Farmville, Va.) 1957-current, 1959-01-27

larger and more heavily fished
streams receiving additional trout
in late May and early June. he
explained.
Brook trout and rainbow trout
will be released in approximately
equal numbers. he said, adding that
quarters of the stocked fish
will be two years old with the rest
being yearlings. Sizes of the two
year-olds will range from II to 20
inches. Any trout taken, regardless
Of size, is counted in the day :
creel limit
Releasing of the fish will be
supervised by county game war
dens, assisted by interested sports
men and local citizens. Butler en-
phasized the importance of aid by
public-spirited citizens in planting
the fish in trout waters, 5 in c e
trout often must be hand-carried
long distances to remote mountain
streams.
Virginias trout fishermen must
purchase one7dollar trout license in
addition to the county or state resi-
dent fishing license. Funds thus re-
ceived will go toward maintaining
the states stocking program. Per-
sons under l6 years OF age, how
ever, do not need either license
to fish in Virginia waters.
The 1889 trout season will open
at noon on April Is and will CON
tnue through December 81
The Farmville herald. (Farmville, Va.) 1957-current, 1959-01-27

r 7 Garrett has been sick at
his home here
Mrs. Bessie Blanton VanVoris, Of
New York. arrived on Sunday to
spent several days at .Blenheim. !"
The Ballsville HID Club met with
Mrs. Raymond McCracken Thurs
day The demonstration was Art in
Daily Living"
Mrs E. NJ Walton has returned
to her work in Richmond after
spending several weeks at her
home.
Mis- Frank Dunkley spent several
days with Mr. and Mis-. W. M
Brown last week upon returning
from Richmond hospital.
Burnett Jeter was sick at his
home for several days.
MIS-. Shirley Allday has returned
to her old position in Richmond.
John Cox and Miss Mary Ellen
Silvers. Of Richmond, visited friends
Sunday.
The Farmville herald. (Farmville, Va.) 1957-current, 1959-01-27
Mt. Zion Happenings

Friends here read with interest.
the account in Richmond and Roa-
nOke papers Of the appointment Of
DR.. and Mrs. A. r. Crabtree to Cor
reio Geral, Lisboa. Portugal. by the
Baptist Board of Missions and Edu-
cation
The Crabtrees. before retirement
served for many years as mis-
sionaries to Rio de Janeiro Mrs.
Crabtree is the eldest daughter Of
the late Rev. and Mrs. william r.
Henderson, who served as pastor
of Mt. Zion Church
Mrs. Raymond Toney entertained
the Mt Zion HID Club at her home
Thursday afternoon. Mrs Pearl
McCraW, Mrs. Frank Ownby and
Mrs. w. v. Waycaster came as
guests from the Cedar Club. Mrs
Waycaster gave the demonstration
on flowers.
Mrs. Leroy Jones and Kenneth
Bryant were Richmond visitors
Wednesday.
The de Bettencourts visited Mr.
and Mrs. w. l. Wheeley at Bum
pass, Sunday.
Mr. and Mrs. John Moss have
returned home to Gladstone after
a visit recently with their daugh-
ter and son-in-law. Mr.. and Mrs.
Ernest Anderson.
Mrs. w. E. Tatum called re-
Gently in the NJ. X. Davis home
David Bickford recently visited
The Farmville herald. (Farmville, Va.) 1957-current, 1959-01-27
Mt. Zion Happenings
Friends Take Delight Assignment
OF Crabtrees 10 Mission In Portugal

Tommy Burns in Hopewell.
/ Mrs Clarence Thomas. MIS-.
Hamilton Harris and Miss Mary
Anderson were in Richmond Mon
day,
I Mr.. and Mrs Kenneth Percy left
January 10 for Rich Creek. where
lie will be employed by con
Struction company
Mr.. ana Mrs. Aubrey Arnold and
children. Of Richmond, called on
Mr. and Mrs Herbert Anderson re-
Gently.
Mrs. Malcolm Hitter i improving
after being very ii.
No service was held at Mt Zion
Baptist Church Sunday due to
failure in the heating system.
Friends of Latham Harvey. of
lAppomattoX. viii be glad to know
he has returned to his home after
being a patient in a Lynchburg
hospital. He is the son-in-law of
Mr. and Mrs W. E. Tatum. Of
Mt. Zion.
Recent callers of Misses Mary
and Louise Anderson were: Mrs.
Clarence Thomas, Carlton Boat
wright. John lancey and Johnnie.
Leslie Davis. who has been very
i'll at his home for several weeks.
is improved at this time
The regular business meeting
was held at Mt Zicn Baptist Church I
Thursday evening, January g.
The Farmville herald. (Farmville, Va.) 1957-current, 1959-01-27
Fed Cattle

Y
Fed cattle price prospects look
pretty good at least until the end OF
March.
There are lot more cattle on
feed, but these make up only about
40 to As per cent Of total slaughter
Slaughter of COWS and calves
which make up most Of the bal
ance. is expected to be down
Balancing one against tle ather
total slaughter in the first part 81
the year should be pretty close to
last years level at the same time
With the economy on the upsWing
fed cattle prices may level off some
by March. but no material decline
is indicated
Weight breakdowns OF the cattle
now on feed indicate earlier mar
ketings and proba bly, heavier
weights, with ample corn supplies
in the principal feeding states.
If YOU have cattle on feed. j
looks like a good idea to give them
all they viii eat 1t wont co~t you
any more feed in the long rpA. be
cause they will put on finish
quicker.
And plan to Sell at least BIZ the
end of March, hooting for low
choice grade IN finished animals.
Fed cattle prices We're hip 81 cents
tn a dollar in r1iicaod last u-aat-
The Farmville herald. (Farmville, Va.) 1957-current, 1959-01-27
Information Not Required On Auto
Insurance Yet Needed Later

Don't get impatient, Virginia car
owners, You do not have to fill
out any forms now TO comply with
the new uninsured motorist law
This insurance cartification form
will be On the back Of the regi-
stration card mailed TO YOU about
March lD
Before Won can buy Your new
license plates YOU must fill out this
form giving the name Of yop in
sManca company. the policy NUM-
bai and the effective date oi the
policy. This information may be
found On your liability insurance
policy
Earlier this month the Division
of Motor Vehicles mailed a card
D the owner Of every vehicle
registered with the DMV outlining
he steps necessary for him to fol
low if ha carries liability insur-
ance
Some nave quered DMV 0 I
forms Many are sending informa
tion nov; others arc asking FIJI
Information blanks
No action is required now c.
4 Lamb, commissioner Of motor
vehicles, said The notice is meant
to be d convenience to the owner
with liability Insurance 50 that he
VIII not attempt to buy his new
plates without haNina filled out the
insurance certification form and to
acquamt the uninsured owner with
the new requirements
The uninsured motOrist law pass
ed by the General Assembly last
The Farmville herald. (Farmville, Va.) 1957-current, 1959-01-27
Career Crusade Plans
Advance, Names
State Chairman

Parke S. Rouse. Jr.. executive
director, The jamestown Founda-
ticn. will serve as 1859 Cancer
Crusade Chairman. according to an
announcement made by William r.
Perkins Jr.. Lynchbure. president
Of the Virginia Division of t h q
American Cancer Society.
He will work with the Division
during April tbs nonth set aside
By the Congress of the United
States as Cancer Control Month
The American Cancer Society Will
seek funds to support its program
Of education. research and service.
Through its local units the
Division conducts year-rouad edu-
caticn program and service pro
cram which provides transporta-
ten. loan closets and such items
as bandages Any cancer patient
in the State can receive bandages
free Of charge The Division also
contributes to IS tumor clinics.
Last year more than $500 900 was
raised in Virginia through the eff
loits Of volunteers. the greatest
amount through house-to- house
solicitation
A graduate Of Washington and
Lee University. Rouse worked a-
4 reporter for the Newport News
Times Herald and the Richmond
Times Dispatch. He was director
Of public relations for the State
Chamber Of Commerce and worked
with Colonial WILLIAMSBURG.
The Farmville herald. (Farmville, Va.) 1957-current, 1959-01-27
100000 Trout
To Re Stocked Soon
In Virginia Streams

Virginia streams will soon re-
ceive the first fish to be released
under the 1859 trout stocking pro
gram of the Virginia Commission
Of Game and Inland Fisheries. G.
W. Butler, Commission fish divis-
ion chief. has announced that 1877
trout streams and three lakes will
be stocked this winter and spring
Over 10000 trout from state fish
hatcheries are expected to be re-
leased in waters open to public
fishing, said Butler. The stocking,
to begin in about a week. will con
tinue through March. with tn e
The Farmville herald. (Farmville, Va.) 1957-current, 1959-01-27
Bank TO Give Bond
For FBLA Award

The First National Bank Of
Farmville will again award a SIS
bond to the winner of the public
speaking contest to be held at the
district meeting Of Future Business
Leaders Of America. March 7. Dr..
Merle /. Landrum announced to-
day.
The chairman Of the Longwood
College Business Sducation De
partment stated that the winner Of
the contest, to be held at the col
lege, will be eligible to compete in
the state contests
The Farmville herald. (Farmville, Va.) 1957-current, 1959-01-27

spring requires the car owner buy
ing new plates to pay an additional
SIS 90 assessment unless he can
show he carries liability insurance
il at least the amounts Of $40
1000 bodily injury and ST 900 prop
erty damage
The $500 fee which must be
paid by the uninsured car owner
does not provide him with any
form Of insurance, Lamb en-
pha ASKED Penalties for Wilful mis-
statement are stiff maximum
fine of 81 900 a six-month Jail term.
or both, and possible loss of his
licensing and operating privi
legeS.
The Farmville herald. (Farmville, Va.) 1957-current, 1959-01-27
MONUMENTS

MONUMENTS AND
MEMORIALS
In Granite and Marble
Prices Reasonable
Good Selection On Hand
Phone 755 or Write
Randolph St. Farnv'''e, v
The Farmville herald. (Farmville, Va.) 1957-current, 1959-01-27
I,aIIsviIIe

Mr.. and Mrs. McLaurine Tyler
and son Of Charlottesy Vile, were
guests Of the Ballsville Hurts on
Saturday
The Farmville herald. (Farmville, Va.) 1957-current, 1959-01-27
FARM PRICE
OUTLOOK

This is Virginia
the
offers
prices and be RICH. all the time.
The Farmville herald. (Farmville, Va.) 1957-current, 1959-01-27

HERBERT Il. NDGD the Catalogue OFFICE,
entitled The
made through R0bGtk the
donated Included the
tales
Accepting the books Banton librarian.
BantOn the the public library the
checked
Street the office. the
$50 daily am. to on Fridays.
The Farmville herald. (Farmville, Va.) 1957-current, 1959-01-27

The praying mantis doesn't live
up to its name. according to The
World Book Encyclopedia The in
sect is cruel and greedy but it is
valuable to man because it eats de-
structive field and garden insects.