davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07

stockholders' meeting. Holders
win receive subscription war
rants emitting them to buy
one new share for each three
now owned.
Subscription rights will ex-
pire at noon on Monday. June
8. Mr.. Offutt pointed out In
letters which were mailed with
warrants today.
Mr.. Offutt told stockholders
the book value Of their stock
as Of April Is was around
S274.76 a share and after the
increase in capital Of 1000
shares at 5000 q share. the book
value will be t256.07 q share.
This represents q dilution Of
$3.50 q share In the holdings
Of q shareholder for each I'M
exercised right to buy one-third
of a share Of new stock to be
sold. He urged holders to take
advantage Of the right to sub
scribe to the new shares.
In case holders flnd 1t i'm
possible to subscribe, an under
writing committee has been
formed to purchase any part
Of the outstanding rights ct
$19 for each right or $57 for
each three rights to purchase
q full share Of stock, Mr.. ofiutt
said.
Plans for the stock increase
were announced in April when
the bank received permission
to establish q seventh office at
4201 Wheeler I'd. Sc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07
Safe Deposit Section
to Meet at Columbia

The Safe Deposit Section Of
the District Bankers Associa-
ton will hold its annual dinner
meeting at Columbia Country
Club tonight.
John j. Behabitz of Rigg:
National Bank, section chair
man, said new officers anC
council members of the sec.
ton will be introduced prior II
an entertainment program.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07
YOUR
MONEYS WORTH
Upside-Down Wall Street

II you recall your "Alice's
Adventures" you win remember
that when she went Through
The Looking Glass and found
her first Looking Glass book,
she couldn't puzzle It out until
she realized all the writing In
II was backwards.
That's what Wall Street APP
pears 10 most seasoned experts
today--a financial parallel Of
Alice's Looking Glass House in
which Just about every tradi-
tional relationship seems 10 be
running backwards"
II you buy a Government
bond, representing the highest
credit In the world, you can
earn 4 TO IA per cent q year
income today.
II you buy stock Of q high
grade Industrial corporation.
you're "lucky" II you can earn
3h per cent a year income and
you may get much less.
3h% Savings Bonds
If you put your money in q
United States Savings Bond,
you can earn 3lz per cent only
after you've held 1t eight years
and II months.
II you deposit your money in
a local savings bank. you can
get 3h to ga per cent from the
first year, and on funds in q
savings and loan association
you can get ga to 4 from the
first year.
The relationships are up
side down. The customary
spreads between what money
can earn in the bank or in
bonds or in stocks have dis
appeared or are fading fast.
For, what has been happen
ing is that many investors have
been stunning bonds of the
Government and others because
bonds lose buying power just as
the dollar loses buying power
In a cycle of climbing prices,
and these investors fear infia-
ton will continue. AS investors
have moved out Of bonds or
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07
FarnswOrth Reed, Ltd.
To Open Fourth Shop

Farnsworrth Reed, Ltd. will
open its fourth shop in this
area at 1914 F st., NV. to-
morrow, President S. Manford
Robinson announced.
Michael Stanley and DeS-
mond F. Peppitt are co-mana-
gers of the new shop featur-
ing mems clothing. custom tail
oring, naberdashery, gifts and
women's sportswear.
The firms other shops are
at Seven Corners. Va, 816 Sew
enteenth st. NV, and Ches-
tertown, Md. Jesse James Boyd
is merchandise manager for
the four stores.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07
New RCA Executive
Named in Virginia

Pinckney B. Reed, vice pres
ident o fRadio Corp. of Amer
lea, has been named to a new
staff position in Washington,
President John L. Burns an
nounced.
Mr.. Reed will coordinate all
RCA business activities with
Federal agencies and will repre-
sent company management in
Washington.
He has been a vice president
since July, 1857, and formerly
was in charge Of international
sales and then in charge of
educational electronics. A ma
tive of Mobile. Ala. he joined
RCA in 1880 after graduation
from Armour Institute of Tech
nology.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07
FILA Approves 2 Area
Associations for Loans

Eastern Building Association
of Washington has been certi-
fed as a lending institution APP
proved by the Federal Housing
Administration as lending
institution to make mortgage
Ions under FILA programs,
Commissioner Julian H. zim-
norman announced.
Providence Savings and Loan
Association of Vienna. Va, was
approved to make FILA prop
erty improvement loans to
homeoWners.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07

avoided buying them. prices
have plunged. and borrowers
from the Treasury down are
now paying the highest interest
rates In a generation 10 attract
buyers.
simultaneously. what has
been happening is that big and
little investors have been pour
ing funds into stocks In the
hope that these win give them a
hedge against future imitation
and q participation In the ma
tons shining economic future.
As they have scrambled for
available stocks prices Of stocks
have scared. and the incomes
received from dividends on the
stocks have dwindled to record
or near-record low levels.
Differences Marked
And savings institutions have
been trying TO WOO funds by
raising their payment rates TO
the highest in years. But, the
Government hasn't altered the
Interest on savings bonds since
February 1857.
Just consider the marked DIFF
ference on what your dollar can
earn today in various forms.
II you put your savings in:
Securities Of the Treasury due
in six months-as riskless an
investment as can be imagined
you can get 3K per cent.
Securities of the Treasury
due in one year to as far out
as 1890. you can get 4 to AZ
per cent.
United States Savings Bonds.
you can get 3 per cent after
holding the bonds three years.
314 per cent at maturity in al
most nine years.
Tax-free. high-grade NUM-
cipal bonds, you can earn ga
per cent, equal to 2 per cent
a year to q person in the so
per cent tax bracket.
Most savings banks. you can
get 3H to 31a per cent.
Most savings associations, you
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07
POlinger Named Partner
In Lewis AID Agency

Allan Jack Lewis, president
of Allan Jack Lewis Advertis-
ing Agency, announced yester-
day that David H. Polinger OF
New York has acquired a full
partnership in the agency.
The firm will operate as
Lewis and Polinger, Inc, with
Mr.. Lewis as president and Mr..
Polinger as executive vice presi-
dent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07
NOrthr0p Head Named
Chairman of Page

Whitley C Collins, president
OF Northrop Corp, was elected
board chairman of Page Com
munications Engineers, Inc, oil
Washington at a directors
meeting here yesterday.
Page Communications was
acquired by Northrop on April
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07

NEW YORK. May 7 (AP)-
A New York Stock Exchange
membership sold for $40 900.
down 5000 from the previous
sale a week ago. A seat is
currently $4,000 bid and
$4,000 offered.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07
Trans Caribbean Rights
For Transit Watched

Rights issued to stockholder
Of Trans Caribbean Anyways to
buy shares of D. c. Transit
System Of Delaware are being
quoted on the American Stock
Exchange and attracting some
attention here. They closed
last night at so cents a right,
A right to purchase the tram
sit shares was issued for each
Trans Caribbean share and
three rights are required to
purchase each D. C. Transit
share at $40 q share.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07

"a and became a subsidiary Of
the latter firm Robert r.
Miller and T. v. Jones, both
senior vice presidents Of North
op, became directors Of Page at
yeSteday's meeting.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07
METAL PRICES

NEW YORK, May 2 tAPl.-spot
3lh-32 cents q pound, Connecticut
Valley. Lead, IL cents a pound, New
YORK. Zinc IL cents q pound, East
st. Louis. Tin 81 02lz cents q pound,
New York. Foreign silver o1s6 cents
per troy ounce, New York.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07
OVER COUNTER

Washington listings on over-the-
counter markets furnished BY the Ma
tional Association Of Securities Dealers
as Of pm. Thursday, May z, 1853:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07
'' b BUSINESS
Stock Increase Voted
At Anqcostio National
BY DONALD B. HADLEY
atar Financial Editor

stockholders Anaeosta National Bank have approved
an increase in capital stock $4,000 from 100000 and
cleared the for offering Of 1000 additional shares 70
present holders at $500 share President A. Scott onutt
Tine stock Increase was approved yesterday at special
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07

can get Slz to ga per cent.
The 80 industrial stocks
which make up the familiar
Dow-Jones stock index, you can
get an average Of around ga
per cent.
Bonds of the identical indus
trial corporations. you can get
an average Of 4lz per cent or
more.
This is a sampling Of finan-
cial relationships so cockeyed
that they're downright terrify-
ing to many ordinarily tranquil
Wall Streeters.
distributed 1859 By
The Hall Syndicate. Inc.
All Rights Reseryedl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07
TREASURY BONDS

NEW YORK, May 2 CAP).-Yesterday's
closing 0yer-the-counter United States
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07
Nuumonn Elected
ToHeod National
Credit Division

Charles r. Naumann. credit
sales manager OF Lansburgh's
Department Stores in this area.
today was elected chairman Of
the Credit Management Divi-
sion Of the National Retail
Merchants Association.
Mr.. Naumann, who also Is
president Of the Washington
Credit Bureau. was elected to
the national post at the diyi-
sion's annual meeting in st.
Louis.
E. M. Arthur. credit manager
for Woodward and Lothrop, and
j. P. Stedhouder Of Central
Charge Service also attended
the st. Louis meeting.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-07
MUTUAL FUNDS

NEW YORK, My APl.--RstisnaI A'sS-
eiatiun Securities Dealers, Inc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-24
Bourd Of Trade
Plans Conference

The Washington Board Of
Trade in cooperation with
other area trade organizations
will present the Metropolitan
Area Economic Development
Conference at the Mayfiower
Hotel Wednesday.
The conference will start at
10 am. and last through a
luncheon. Speakers will include
Thornton w. Owen, chairman
of the boards Economic Devel-
opment Committee; Richard G.
B ain, Brookings Institution;
Theodore K. Pasma, Depart
ment of Commerce; DR.. Edgar
F. Bunce, jr., economist with
E. I. du Pont de Nempurs g.
Co.; Calvin D. johnson, execu-
tive assistant to the vice presi-
dent. Sperry Rand Corp.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-24
CHICAGO
LIVESTOCK

CHICAGO, May 90 (AP).-suc-
cessiye sharp declines on Thursday
and Friday left the butcher hog mar
ket rs TO 80 cents lower for the week
Sows were steady,
!, III: prize Price, weakness conceded with
"wednesday and after the top price
had climbed to SIS. the highest peak
since in January.
Cattle offerings were down about
per cent at Chicago this week and
were slightly less than for the pre-
yious week at the. ~ major markets.
were little. changed with most Of the
steel supply grading high GOOD and
Trade was rather slow throughout
100 lbs, were steady TO SO cents
lower. Lighter weights were mostly
lUsDA) Hogs 100: for the week:
Barrows and gifts under $50 lbs 25-35
lower, over $50 lbs $3.50 lower, sows
steady, At the close mixed No. Q and
3 grades 100-23S ID barrows and gifts
bulked at 16.25-l6.75, a few sales
around 230 lbs as low as 1900. Mixed
NO. I to 9 l90-220 lbs brought 1875
these weights 17.00-i7.25. The few
lots No. l l90-215 lbs were mostly
sorted for grade at 17.l5-17,35. Two
lots OF No, l 206-2lb ID were sorted
closely at 1850. Mixed No. and 8
230-250 ID closed at 15.75-l6.35 with
same grades 25O-2S0 lbs 1525-15.75
and few lots up to 900 lbs down
to 14.75. Mixed grades 330-400 ID
sows closed at 13.00-14.00, weights
up to $50 lbs down to 11.75.
Cattle 100; for the week: SLAUGHTER
steers LOO lbs and heavier slow
throughout the week and steady to
so lower, mostly $3.50 lower. Steers
below LOO lbs and heifers steady
Cows strong TO mostly rs higher, bulls
strong to - higher and vealers steady
to 100 higher. Load prime 1,1S0 ID
slaughter steers 34.00, load prime
1925 lbs $500, other high choice
and mixed choice and prime 29.76-
$3.50, good to average choice steers
20. 1920 so, standard and low good
steers 24.50-26 so. load choice 905
ID mixed steers and heifers 5000,
load high choice and prime LOO ID
heifers 1880, several loads and lots
high choice COOL, 100 lbs 29.75-30 90,
most good and choice 26:o0-Ge 80
utility and standard p :50-25.6O: Late
utility and commercial cows 1900
22.b0, few standard ~ .50-24 30,
Gamers and cutters largely 10 .50-
1878, utility and commercial bulls
mostly 90 O0-25.50, standard and good
vealers 90 .OO-36 90, few choice SO 90
$500, Gull and utility 1b.o0-26.OO.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-24
Economy Rolls
Forward as
Buying Mounts
BY WALTER BREEDE, Jr.
Associated Press Business writer

Associated Press Business Writer
NEW YORK. May 2S.-The
economy rolled on toward new
peaks this week.
Incomes and buying power
we're never higher. Jobs were
more plentiful, and unemploy-
ment lower, than at any time
since the lo57-5S recession.
Flies in the ointment in
cluded the prospect Of a sum-
mer let-down in factory en-
ployment, and a continuing up
ward trend in living costs.
A Labor Department report
showed that sharply rising
State and local taxes-plus
higher costs Of transportation,
medical care and family fun
increased living costs in April
to the record highs Of July and
November last year.
Consumers kept on spending
at a record pace. But, accord
ing to bankers, retail execu-
tives and other experts who
watch such matters closely,
there was no sign Of a reck-
less spending hinge.
Bankers said people are still
saving money-and at an ex-
ceptionally fast pace.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-24

sociations to give more rec
ignition to good planning in
their appraisals.
1t costs more for good archi-
tects to design homes so that
there is a variety of exteriors.
he said. 1t also costs more for
careful grading and the pres
ervation Of trees and other
good features. This should be
recognized fairly in appraisals,
he said.
Mr.. Carr said the growth Of
the Washington Metropolitan
Area and its savings and loan
associations will be spectacular
in the next few years. He pre-
dicted the suburbs win con-
tinue to lead, but that down.
town also will have steady
growth even though at a slower
rate. Young and middIe-aged
people viii continue to like the
suburbs. but many older per-
sons will return to the central
city for greater convenience. he
said.
Still Higher Rates Seen
The final speaker of the
meeting, Theodore Volckhau-
sen, New York economist, didn't
rouse such enthusiasm when he
said most of the District asso-
Citations were in step with the
times when they raised their
dividend rates on savings to 4
per cent recently and predicted
that they might have to 60 still
higher within a year and a
half.
Mr.. Volckhausen said he I'M
derstood many Of the associa-
tons adopted the 4 per cent
rate reluctantly. In view Of the
general money market condi-
tons. the increase was inevi-
table, he said.
The District league sessions
closed with a dinner-dance en-
tertainment Friday night.
julius A. Maedel, president of
Washington Permanent Build
ing Association, will head the
league in the coming year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-24

the associations to task Friday
afternoon at the 5lst annual
meeting Of the District Savings
and Loan League at the Shore
ham Hotel.
Many area home builders are
being hamstrung BY schedules,
(which provide for payments Of
leash at stages that no longer
scoincide with practical con-
sstruction programs. Mr.. Carr
said.
Present schedules were set up
eat a time when houses were
being built on developed. lots,
sbut almost all building now is
ION undeveloped property, he
spointed out.
: Costs Boosted Needlessly
: Associations should release
funds for grading. building of
streets, sewer and water lines
! and other necessities before
the actual construction OF
shomes begins. he emphasized,
Trying to build houses before
this point adds thousands Of
dollars of costs needlessly. he
said.
Don't finance a builder UNI
less you trust him and then
let him help to program the
financial payments to fit with
the most efficient program for
development and construction,
he advised the association ex-
ecutives. please give them a
sympathetic ear and help them
to turn out better housing, "
he said.
Mr.. Carr also urged the as
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-24
TOBACCO SALES

UPPER MARLBORO, Nd, May %
(APl (U9DA). Increase occurred in
most average prices on Southern Mary
land auction tobacco markets this week
hating the downward trend Of the past
: two weeks. Quality was lower. Volume
was fairly heavy.
Growers received loans on Az Of
the weeks net sales from the Mary
land TOBACCO Cooperative. For the
season, 4,29c OF turnover has been
taken By the Cooperative.
The Federal-State Market News Serv-
ice reports net sales at auction during
the week ending May % totaled 3,IOS.-
1856 pounds and averaged $61 .68 per
hundred compared with S61. 63 paid
last week During the nineteen selling
. days to date, IL, 1885,, 1852 pounds have
been sold for $61 .6S average. In the
same time year ago net sales
amounted to 14,103,176 pounds aver
Nearly " e0ss Of the grades sold At
higher average prices than during the
previous week with advances amounting
3 to chiefly $l.0 to $500 per hundred
Company top bid again was SS1 90.
: Net receipts of the Baltimore hogs
head market for the season were re-
ported as about 1,S44,7O0 pounds
{ This, combined with the auction sales,
Z totals around 16s477,100 pounds.
3 Auction bid, averages per hundred
/. pounds on limited number Of repre-
: sentative q. 8. grades we're as follows:
Grade .. 8. Chg from
Description Grade May21 prev .wE
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-24
Carr Tells Associations
They Hamper Builders

District savings and loan associations using outdated
and necient procedures dsbursng home financing build
according to Edward Carr prominent developer here
Friday
Mr. Carr past president Of both the Washington
Real Estate Board and the Washington Board OF Trade
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-24
TREASURY BONDS

NEW YORK, May q (AP).-ClosinR
over-the-counter Treasury bonds.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-24

seconds.
= Subject to Federal taxes but not "a
State income taxes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25
Nozi Admits Killing 500
To Cut Camp Food Bill

FULDA. Germany. May rs
(APp,--A former sergeant Of
the Nazi SIS Elite Guard has
admitted killing at least 500
concentration camp inmates in
the last months OF World War
II. State Prosecutor Robert
Hafke said today.
Gottlieb Muzikant, SIS. an IS
Medical Corps sergeant. said
he either strangled his victims
or gave them fatal injections
Of air or insecticide, Mr.. Hafke
told newsmen.
He said that Muzikant made
the admission when confronted
In his Jail cell with Or. Claus
Solomon. a Jewish innate
doctor at the Melk Concentra-
ton Camp.
Muzikant was arrested last
April 30 after witnesses in an
other war crimes trial described
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25

him as one OF the most brutal
men on the staff Of the
Mauthausen camp. He had been
living here in seclusion as q
worker.
The former sergeant re-
portedly said ne killed the in
mates. all of them on the sick
list. under a camp directive
ordering the killing Of useless
eaters He argued that he
would have been punished II
he had failed 70 carry out the
order.
Mr.. Hafke. said Muzikant
could not recall the exact
number of his victims but con-
coded that they totaled at least
500. All we're killed in the Melk
camp between February and
April 1045.
The state prosecutor said
Muzikant would probably 90
on trial in July.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25

quoted an Iranian businessman
and others arriving from the
area as saying the small Sheikh
Trek tribe made the attack
Flee to Iran
The Sheikh Treek tribesmen
are a non-Kurdish people. Ref
ugee Kurdish tribesmen have
fled from Northeast Iraq into
Iran after battles with other
Kurd factions led by Moscow
trained Mullah Mustafa.
Iranian Premier Menuchehr
Eghbal, who is touring the ref
ugee camps, over the week end
promised his governments help.
Official Iranian reports said
that in reply some 100 repre-
sentatives of the Kurds ex-
pressed their loyalty to the
Shah of Iran and their hatred
OF communism ir Iraq.
Between 5000 and 10000
Kurds are believed to have fed
from Iraq to Iran.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25
Dictator Trial
Plan Proposed

Senator Long. Democrat of
Louisiana, proposed today that
the United States take the lead
in setting up an international
procedure for handling fugitive
dictators.
He is preparing a Senate
Resolution calling on the Presi-
dent to consult with other
countries on a system which,
among other things, would
hand such fugitive dictators
over to an international tri-
bunal for a fair trial.
Senator Long discussed his
proposal in a talk for radio
broadcast in Louisiana.
His thought. he said, is that
when an ousted dictator es-
capeS trial or an accounting in
his own country he should not
be allowed to go scot free.
Such persons. he said. should
be on notice that if they fall
within United States jurisdic-
ton I'VE will apprehend them
and make them available for
trial before a fair court for
the crimes they may have
committed"
1t would not be fair, Senator
Long said. for a country to
turn such fugitive dictator
over to his successor - such as
handing deposed Cuban Presi-
dent Fulgencio Batista over to
Prime Minister Fidel Castro.
But, he said, an international
tribunal could be set up 70
insure a fair trial.
If this procedure were fol-
lowed Senator Long said, I'VE
wouldn't be accused all over
the world of trying to support
a bunch Of crooked and cor
rupt dictators by sending them
aims to help support their gov
eminent :. and then furnish
ing them asylum when their
own people threw them out
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25
Youth Kicks Lion
In Nose, FIees
Before It's Store

DUDLEY. England. May rs
tAP).-Edward France climbed
into a cage with three ZOO
lions yesterday and kicked one
OF the beasts on the nose.
The l7-year-old butchers
apprentice said he acted on a
sudden impulse. Fortunately
the lions had just been fed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25


Keepers said otherwise he
probably would have been
killed.
Il thought I'm a pretty
skinny meal and ! don't believe
they'll bother me- Edward
told a reporter afterward.
But one Of them looked up
and began TO smack his chops.
He looked at me very closely
and ! thought skinny or not,
I'd better get out Of here"
Edward climbed back over
the safety fence.