davidaulloa/AmericanStories huggingface dataset:
Evening star., 1959-12-18
Steel Strike
Tops'50News
In Firm sPoII

The steel strike and it's many
ramificationS was the over
Whelming choice as top busi-
ness and financial news event
of 1859 in a poll of managers
of 129 domestic and foreign Of
fees of Merrill Lynch, Pierce,
Fenner & Smith, the Nations
largest brokerage house.
Results of the ninth annual
pool conducted by the firms
magazine, Investors Reader,
were announced here today by
Francis c. (BilD Hunter, vice
president and Washington man
ager.
The steel strike was considered
of most importance both be-
cause of its direct effect of
shutting down this key indus
try for a record-breaking 116
days and also because of its
far-reaching effect on the en-
tire economy.
Next most important event
listed by a majority of the
managers was tight money and
higher interest rates and bond
yields. Voted No. 3 was de-
velopment of compact cars and
their effects on competition in
the auto industry.
Other events named in the
poll we're:
4. The great stock market
strength of space companies
along with the pronounced lag
of the official United States
space effort.
5. Increased foreign competi-
ton and the current United
States gold outflow.
6. The extremely vigorous,
record-breaking United States
economy.
Z. The general bull market
with the stock market averages
rising sharply to new highs
during the year.
8. The tighter rules on mar
gin trading set by the Federal
Reserve.
8. New regulations by some
foreign governments severely
curtailing operations or profits
of United States-owned COM
panies.
10. The District Court anti
trust ruling which would enable
Du Pont to avoid the forced
sale of its General Motors stock
holdings.
Evening star., 1959-12-18
Vundoren Heads
Savings & Loan
Controllers

Lucian H. Vandoren, jr., Sec
retary of Jefferson Federal
Savings and Loan Association,
has been elected president of
Washington Chapter, Society of
Savings and Loan Controllers.
Formerly chapter vice presi-
dent, Mr.. Vandoren succeeds
John H. Thompson of Wash
ington Permanent Savings and
Loan Association. He joined
Jefferson Federal as a teller in
1912, became assistant secre-
tary in 1851 and secretary in
1859.
William E. Grimm, jr., of
First Federal Savings and Loan
Association was elected vice
president. Edgar F. Peterson,
jr., of National Permanent Saw
ings and Loan Association was
elected secretary-treaSurer.
Evening star., 1959-12-18
Union TrustCo.
so Years0Id

The Union Trust Co. of
Washington celebrated its 60th
birthday with deposits at an
all-time record of around Sill
million, President Linwood P.
Harrell announced.
The company received a GER
tiflcate of incorporation on
December l8, 1899 as the
Union Trust and Storage Co.
With subscribed capital of
$1.2 million the company
opened Offices in two rooms of
the Willard Hotel on January
2, 1900.
The bank moved to its own
building adjacent to the Will
lard at 1414 F street NV. in
January, 1901, and because of
steady growth moved to the
present location of its main
Office on the southwest corner
of 18th and H streets NV. on
December 9. 1907.
Record deposits of $l1l,047,-
700 on December 10 are more
than double $43,2O8,400 in 1949
and more than 10 times SILL
635,811 in 1889.
Evening star., 1959-12-18
Belief U. S. Loses
Foreign Markets
Called Mistake
By the Associated Press

The Commerce Department
says export statistics do not
support what it called a wide
spread impression that Ameri-
can manufacturers are losing
their foreign markets.
In a special report, the de-
partment said virtually all
American losses to overseas
competitors in recent years
can be attributed to four items
Autos, steel, ships and aircraft.
BY 1860, it said, deliveries
Il of jet airlinerS should raise the
United States share of the
world aircraft market.
Recovery of international
steel demand from its cyclically
depressed levels of 1858 and
early 1859 should revive United
States steel exports, once the
effects of the strike are elimi-
mated" it said.
Evening star., 1959-12-18
Vienna Trust
Plans Branch;
Extra Voted

Vienna Trust Co. has acquired
a two-acre site for a second
branch Office on the eastern
edge of Vienna, Va. and sub
ject to approval of regulatory
authorities. hopes to start op-
erationS there within the COM
ing year. President G. Norman
Cobb announced today.
Located at the corner of
Maple avenue and Berry street
on Route 1913, the proposed bank
would have drive-in facilities
in addition to all other banking
services. 1t would be similar to
the banks large branch at Nc
Lean, Va.
Plans for the new branch
will be submitted to the Vir-
ginia Banking Bureau, the Fed
eral Reserve System and the
Federal Deposit Insurance
Corp.
President Cobb reported di-
rectors declared an extra divi-
dend of 10 cents a share in
addition to the Semiannual
dividend of 35 cents. Dividends
will be paid to stockholders of
record December Is.
A bonus amounting to 7 per
cent of the banks net earnings
has been distributed to officers
and employees.
Assets of the institution
stood at a new all-time high of
Sl2.7 million on December Is.
Evening star., 1959-12-18
BANK LOBBY LN SPIRIT on CHRISTMAS
Auto Production
At 2-Yeur High

DETROIT, Dec. 18 (AP).-
Wards Automotive Reports
said today that 40 per cent of
the Nations car assembly
plants will work six days this
week to boost output over the
10000 mark.
Wards estimated the weeks
production at a two-year high
of 150,492 cars compared with
86,056 last week and 1875, 1854
in the comparable week of
1858.
The statistical agency also
predicted January production
of 100000 cars, an all-time
record for the month.
Sales in the first 10 days of
December. however, were the
lowest for any Today period
in 13 months. Wards said De-
cember lilo was the first 10
day period in which one of the
new compact cars outSold
Rambler. Wards figures Fall
con sales at l0,500 and Ram
bier at 1885.
This week, Wards said, all
but one of the Chevrolet as
sembly plants are working six
days along with four Buick
Oldsmobile-Pontiac plants and
five Ford Motor Co. plants.
Car production so far this
year totals 5,375,97l against
4.O69.241 at this time one year
ago.
Evening star., 1959-12-18

Baltimore, wholesale diStribu-
tors of plywood, millwork, lum-
Der and building materials.
The acquisitions will add
around 81 million to Seaboard
Plywood's annual volume and
raise it to about $11 million.
firms was around 100000.
The purchases we're the first
extension of Seaboard's activ-
tiles outside of New England
where it is distributes plywood
and other lumber products to
around 1000 dealers.
Evening star., 1959-12-18
Capital Hotel Sales
Up to 6 Per Cent From 1858

Washington hotel sales rose
6 per cent above a year ago in
November and for the first II
months of this year were 5 pei
cent ahead of 1858 marks, re-
ported Horwath & HorWath
accounting firm, on the basis OF
data from client hotels.
Room sales in November were
6 per cent above a year ago ano
in all II months were up 4 pei
cent. Restaurant sales ir
November were 6 per cent high
er and for II months were {
per cent higher.
Evening star., 1959-12-18

Two weeks rises to 1858 levels
remains uncertain.
For the week ended last
Saturday, area department
store sales were 4 per cent be-
hind a year ago and also 5
!per cent behind the previous
week.
In four weeks ended last
Saturday, area sales were down
2 per cent from 1858 levels,
but they still showed a gain
fof 4 per cent for the entire
iyear through Saturday.
The downtown portion of
Ethe area department store
total made a somewhat less
Favorable showing than when
combined with results of sub
Eurban branches of nearby
Maryland and Virginia.
:, Downtown sales in the week
tended last Saturday were 9
[per cent behind a year ago and
IL per cent behind the previ-
tDus week. In four weeks ended
Saturday, downtown sales were
foff 6 per cent from year ago.
For the year to date they were
down 2 per cent.
Store executives here pointed
out that temperatures on a
number of recent business Gays
'have been as much as 20 de-
'grees warmer than a year ago
land rain keeps many shoppers
away.
Warm weather not only cuts
Edown the usual winter sales Of
blankets, but also reduces de-
mand for sports wear, clothing
flor children, overcoatS, fur
coats and many other items,
Ithey declared. Most of the sales
llag is in this type of mer-
fchandise.
The children will be glad to
hear that toy sales are holding
up well.
Baltimore area department
store sales were off 8 per cent
in the latest week, down 6 per
cent in four weeks and even
with 1858 for the year to date.
Downtown Baltimore sales were
down IS per cent in the latest
week, down IL per cent in four
weeks and off 9 per cent for the
year to date.
Department store sales in the
Ientire 5th reserve district
were of 3 per cent in the latest
week. down 2 per cent in four
weeks. but 3 per cent higher
for the year to date.
Evening star., 1959-12-18
Plastic Trunsistor

LONDON. Dec. 18 CAP).-
The Russian government news
agency Tass said today a Soviet
scientist has invented a plastic
transistor as good as those
made of Germanium. Tran
sisters are widely used in place
of more bulky radio tubes.
Evening star., 1959-12-18
Housing Looms 634 %

OTTAWA, Dec. l8 (AP).-
The maximum interest rate on
government guaranteed hous-
ing loans was boosted yesterday
to ga per cent in a move to
attract mortgage funds from
private lenders.
Evening star., 1959-12-18
Gas Sales Up Sharply
During November

Sales of Washington Gas
Light totaled 40,121 ,584 therms
in November, a jump of 21.2e
per cent from 33.080,652 therms
in November last year, the
company reported.
Sales in II months this year
aggregated 379.380,408 terms
an increase of l.3 per cent
from 374,521.653 in the same
1858 period.
The company had 389,655
meters in service on November
80, compared with 375,83l on
the same date last year.
Evening star., 1959-12-18
william NoOnan Named
Airport Club Chief

William J. Noonan, district
transportation manager for
Trans World Airlines here. has
been elected president of the
National Airport Club.
He lives in Arlington and has
been with TWA 10 years. Other
new officers include: E. A. Hicks,
American Airlines, vice pres
ident; A. B. Anderson, North
west Orient AirlineS, treasurer;
w. Wolf, Eastern Airlines, Sec
retary.
Evening star., 1959-12-18
Red Eye" Missile Job
Is Awarded to ARC

A 100000 contract for devel-
opment of the two-step rocket
for Red-Eye, the Army and
Marine Corps shoulder fired
anti-craft guided missile, has
been awarded to the Atlantic
Research Corp. of Alexandria,
Va.
The contract was let by Con-
vair-Pomona, Convair Division
of General Dynamics Corp,
prime contractor for develop
ment of the "Bazooka with
brains"
Evening star., 1959-12-18
Abbott Refrigeration
Starts Profit Sharing

Abbott Refrigeration Co.
2l46 oath place NE, has estab.
lished a profit-sharing plan for
its 65 employees.
George Wasserman, firm
president, presented a $4,000
check to trustees of the plan at
dinner party at the Indian
Springs Country Club to put the
plan in operation. The firm
services and installs home ap-
pliances, televiSions and air
conditioning.
Evening star., 1959-12-18
Kal Firm to Handle
MenlO Park Advertising

Kal, Ehrlich & Merrick,
Washington ad agency, has
been appointed to handle the
opening advertising and pro-
motion campaign for the Menlo
Park Shopping Center at Menlo
Park, N. J.
The new center fronting on
U. S. Route /, occupies around
100 acres and will have IS
stores, including a Bamberger
unit of 265,0OO square feet.
Joseph Weinstein, vice preSi-
dent of the agency, will handle
the account.
Evening star., 1959-12-18
Seaboard PlywOOd Buys
Concern in Arlington

Seaboard Plywood & Lumber
Corp. has acquired the Dealers
Warehouse g. Supply Co. of
Arlington and the Dealers
Warehouse & Supply Co. of
Evening star., 1959-12-18
''a': RI
Area YuIe rode Loqs
In Warm, Rainy Period
BY DONALD B. HADLEY
star Fina ncial Editor

Unseasonaly and rainy weather has caused Christ
mas shopping the Washington lag moderately behind
year ago.
more Christmas like cold snap could be
what needed but whether holiday buying final
Evening star., 1959-12-18
TREASURY BONDS

NEW YORK, Dec. I8 CAP).-Yesterday'
closing over-the-counter United States
Government Treasury bonds
Evening star., 1959-12-18
OVER COUNTER

WASHINGTON listings on over ;he-
counter markets furnished by the Ma
tlonal Association of Securities a. oi
| pm. Friday, December Is
Evening star., 1959-12-18

Prices quoted in dollars and thirty.
seconds.
Subject to Federal taxes but not to
State income taxes.
Evening star., 1959-12-18
FOREIGN EXCH'GE

NEW YORK. Dec. Is CAPN.-For.
elgn exchange rates Great Britain in
dollars. others in cents and decimals
OF a cent?:
Canada in n Y
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-28
Jet Service West
To Double June 7

Washington area travellers
will have their nonstop let
service to the West Coast
doubled June 2 when American
AirlineS launches daily flights
from Friendship Airport near
Baltimore to Los Angeles.
The Boeing TOT, which holds
the tranScontinental CONNER
cial transport record Of 8 hours
48 minutes, will make the west
bound run in 5 hours 5 minutes.
East-bound, because of favor
able prevailing winds, the fight
is scheduled at 4 hours, IS
minutes.
Trans World Airlines begins
Boeing TOT service out of
Friendship, to Los Angeles and
San Francisco on May 20.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-28
GoIIoudet Budget Cuts
Hit by House Group

new Federal building in fiscal
1860. They said deletion
would not prejudice the pro-
gram after 1860.
Other funding recommended
by the committee included
1911 million for Freedmen's
Hospital. SAC million for How
ard University, $3.7 million for
st. Elizabeths Hospital and
$l0.9 million for the United
States Soldiers Home. All
these items we're the same as
requested. Soldiers Home
money comes from contribu-
tons Of former servicemen.
The other recommendations
are for expenditure of tax
money.
The bill, as reported, also
included $1,000 as the Fed
eral contribution to the Inter-
state Commission on the Po-
tomac River Basin.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-28
5HeuIth Agencies
Asked TO Join UGF

The United Givers Fund Of
the National Capital Area has
invited five health agencies to
join the "one-fund" drive. IL
was announced today.
Letters Of invitation from
UGF President Carleton d.
Smith we're sent TO local chap
tiers Of the American Cancer
Society, the American Heart
Association, the National So
ciety for Crippled Children and
Adults. the tuberculosis Asso-
citation and the National Foun-
dalton.
Replies have not yet been re-
ceived.
In his letter, Mr.. Smith said
labor, management and govern
ment favor the "one-fund"
idea, collection costs are less,
the annoyance of frequent door,
to-door solicitations is avoided.
and there is less demand on
volunteer solicitors.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-28

Health, Education and We'll
fare Department officials were
scored today by the House APP
propriations Committee for
pinching pennies in their
budget for Gallaudet College,
which provides advance educa-
ton for the deaf Of the Nation,
In its report to the House,
the committee said 1t was
amazed" at the budget re-
quest for less food this year for
students despite an anticipated
increase in enrolment.
Program Discontinued
An $50 million expansion
program started In 1853 was
discontinued in the fund re-
quests for the year beginning
July /.
after considerable delay
this construction program f.
nally began to show real prog
ress during the last year." the
report said. 1T is disappoint-
ing to the committee that the
last stage Of the program es-
timated to cost approximately
50 million was completely de-
ferred by the budget"
The committee added $4,000
for food and $4,000 for ath-
letic fields. Play fields are
completely nonresident. and
appear to be the most essential
Of the items in the final stage
Of the construction program, +"
committeeman said.
They allowed 1904, 900 for SAL
aries and expenses and $500, 900
for construction at Gallaudet.
The school, Seventh street and
Florida avenue NE, now is
building a student union. a To-
sided speech center and a COM
bined laboratory classroom.
Move Is Explained
HEW officials, contacted by
telephone, explained that the
50 million in construction
funds was dropped from the
budget in line with the ad-
ministration policy to start no
Holmes County herald., 1959-07-16

expected to be entered by the
Castalian Garden Club, Lions Club.
Woman's Club, Twentieth Century
-lub, Gamma Club, OES Chapter.
Rotary Club, American Legion.
Legion Auxiliary, H. D. Club, and
All Boys and Girls Clubs.
The Centennial film will be shown
free of charge at 7:30 at the high
school auditorium. Mrs. LOWE
Glenn is in charge of the showing
o. this film from last years activity
during the big celebration.
B. & P. w. members who will
be in charge of the dance to be
held at the Hotal Durant beginning
at 8 pm, will be Mrs. Mary
Read and Mrs. Mabel Ellis.
The new 1859 Queen will be
crowned at the dance with Miss
Annis Guess, the 1858 Centennial
Queen doing the honors. DR.. Der
rick will be master of ceremonies
at the GROWING,
The public is being invited to a.
tend the big Open House and the
Review.
Holmes County herald., 1959-07-16
Little League AN-Stors
Are Selected For Game

Heading the list of Holmes Coun-
tvs Little Boys All-Star Team
were Don Wynn of the Lexington
Greens and Johnny Henderson and
Bennie Simmons of Tchula, who
were all unanimously selected.
Tchula, League leaders for most
of the season before slipping into
a first place tie with Goodman
placed four boys on the team
which will represent Holmes Coun
ty in the district tournament
to be played in Yazoo City on July
q, %. and "a. Following closely
behind Tchula and placing three
boys each were Pickens and the
Lexington Greens. Goodman fur
nished two, Durant two, and the
Lexington Blues one to round out
The fifteen man team.
The All-Star team was selected
oy a vote of all team manage.
N the league at a meeting held
IN 1chula Thursday night, July 8.
A complete list of the boys and
the teams they represent is as fol-
lows: Don Wynn, Lexington Greens
henderson, fc-hu Ia; Simmons,
1chula; Els Harris, Tthula; Allen
Vandiver, Pickens; Johnny Mack
Burrell, Durant; g.: w. Hodges,
~Durant; Vickie Etheridge, Lexing-
ton Greens; Borden White, Lex
ington Greens; Bruce Taylor,
Ichula; Howard Stubbs, Pickens:
Bill Taylor Presley, Pickens; Ray
Bailey, Goodman; Eddie Upshaw.
Goodman; Larry Mayo, Lexington
Blues. Chosen as ~alternates were:
Larry Holder, Lexington Blues;
Paul Ables. Goodman; Billy Cook.
P i c k e n s; Buddy Howard,
Blues; Tchula. Honorable mention
Holmes County herald., 1959-07-16

said there is a great need for the
Elevator, and that more money
should be raised to make it operate
successfully. He recommended that
the drive for more money should
begin Immediately and that he
would purchase 5000 more stock.
Over $1,000 was pledged by the
people present after Mr.. Lehman's
talk.
Nh. Jones said it is urgent that
the Elevator be kept in operation,
and that the Board of Directors
r planning to go o the New Or
leans Bank of Cooperaives and
ask for an equal amount when the
520,000 is raised.
1t is the policy of the Bank of
Cooperatives, when money is rails
ed by local people, either for
financing or building of a plant.
md satisfactory arrangements can
e made with them fore the prin-
cipal now due, to be set aside or
distributed equally to a longer
period of time, to make a loan.
The Grain Elevator has a mort
gage loan of $14, 900 now due. In
terest on this amount is $500.
c. D. Powell, representative of
N. o. Bank of Cooperatives, for
his territory, has assured MI.
Jones that he will recommend a
loan if more capital is raised.
Nj. Walkers report showed. a
3, 900 loss since operations began
and it was pointed out the, first
two years were very bad crop
years. Last year about $16O, 900
xorth of grain was handled at the
Elevator wit halmost all this money
spent in Holmes county.
The Elevator, with equipment,
storage tanks, etc., shows total
assets of SAP, 1896 ,26, with total
mortgage payable for only $50, 600.
Officers and directors in the firm
r Peyton ones, President, William
Ellis, Sec.-Treas., Aubrey Pierce,
D. c. Lundy, A. ]. Stevens, Willie
Joe Waits, T. E. Haffey, and j. B.
Etheridge, Manager.
Holmes County herald., 1959-07-16
Independent PIoy-offs
To Start On July 10

Sunday, July II, the strong Cox
burg team met the Morgan City
nine at Coxburg. Coxburg's loss
or the game did not effect their
place in the League however.
McDaniels was the losing pitcher
Tor Coxburg, with record of 60.
Bellavount was the winning pitcher,
with a record of 40.
In the to of the first inning,
Morgan City scored n run on two
walks and one hit. Coxburg retalia-
ted with a run in the same inning
on two hits and one error. In the
second inning Coxburg went score
less, while Morgan City tailed
twice on two hits and two errors.
Morgan Cry scored again in the
fourth, on a triple and a sacrifice
fly, and Coxburg racked up two
runs on three hits. No runs were
then made until the bottom of the
seventh inning when CoXburg's
Mac Alternately slammed out a one
run homer. The eighth inning gave
Morgan City a 5-run lead, when
five runs were scored on four big
hits and three errors. Coxburg
made a strong bid for victory in
the bottom of the ninth by scoring
a run on a nit, a stolen base, and
two errors, but this was the only
run scored. rfxa r,r,W
The playoff will start July 18th,
with Coxburg VS.. Durant and Lex
ington at Morgan City. The win
ners of the best two out of three
games played between the two
pairs of teams will meet for the
championship playoff at Tchula on
August 9th.
Holmes County herald., 1959-07-16
Dudy NobleTo
Be HOnOred

AS a token of the thirty years of
rervice Coach "Dudy'' Noble has
rendered Mississippi State Univer-
Sity, the Mississippi State Univer-
Sity Alumni Association is sponsor
ing a " Dudy Noble Gift Fund" to
be presented to Coach Noble at
the All Star Football game in Jack
son, Mississippi, on August Z.
Due to the sound and practical
administration of The Athletic De
partment at Mississippi State Uni
verSity under Coach "Dudy's'
administration, the athletic de-
partment is rated as one of the
best in the South.
Anyone that wishes to make a
contribution should make check
payablt to "Dudy Noble Gift Fund
care of Frank Chambers, Secretary
Treasurer, Box 688, Jackson, Mis-
sissippi, before August /.
Holmes County herald., 1959-07-16
Carr Speaks
To ROtarians

The Lexington Rotary Club met
Tuesday, July14, at the Grammar
School for their weekly luncheon.
After the luncheon, Mr.. Will Wilson,
program chairman, introduced Mr..
Curtis Carr of Greenwood, former
President of the Lexington Rotary
Club, now the District Representa-
i've Of the Federal Land Bank of
New Orleans. Mr.. Carr gave a
very Informative and interesting
talk on the Farm Credit Admin
istratfon. @1& @eHe@ ~
Guests at the meeting were, Mr..
j. B. Etheridge, the guest of Mr..
Pat Barrett, and Mr.. w. B. Herbert,
the guest of MIR. Edwin White.