davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-10
CHICAGO GRAIN

CHICAGO, Aug. 10 (AP).-soybean
futures were in moderate demand at
slightly higher prices during early
DEALINGS today on the Board OF Trade
while grains lowered fairly close to
Corn eased on receipts somewhat
heavier than recently but there was
a scattered demand by professors and
other cash interests;
Export Export and flour business in wheat
appeared to have slackened over the
week end and other influences were
generally absent.
After, about an hour wheat was I'M
ehanged to cent a bushel higher,
September S1IsN; oats Z low lower it to y
higher, September new type contract
67tsS rye z to y higher, September
q 81; ,Soybeans u to l cent higher,
September S2.l5.
The August Government crop report
viii be especially Interested this time
IN the forecast Of Soyban production
ABOUT which there has been a rather
wide difference of opinion.
dieted the weld will be about $50, 3
million bushels which could leave an
other carryoVer, although small. next
At least a few market observers
and one professor has. said since that
the Government would be on dan
Serious ground to estimate the soybean
crop at this time in excess OF 500
million bushels.
That firms summary of conditions
sald, We can by no stretch Of the
lmaglnation believe the overall con-
dition OF the crop to be as good or
better than it was on August /
year ago when the Department of
Agriculture estimated 229 bushels an
The private survey had indicated
an average of more than 90 bushels
an acre. II the Weld should be as
small as 500 million traders say the
supplies could become very tight dur
ing the next year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-10
CHICAGO
LIVESTOCK

CHICAGO. Aug. 10 (AP) CUSDAD.-
Hogs 5000: SLOW early, later trade
moderately active, generally STEADY
on butchers, instances weak early on
STEADY; sows fully steady to strong,
instances rs higher; good shipping
demand: butchers over 200 lbs re-
latively scarce; narrow spread in
prices on weights and Grades 2OO-21O
lbs: mixed Grade 2-3 and mixed grade
is, IS ana IS 2UO-27O lbs l4.25-14 .oU;
several lots mixed IL and IS zoo
220 los l4.5U-14.65: eignty head
closely sorted is 2lU-215 lbs 1910;
mixeo grade 20 and IS .21O-29O lbs
l4.0U- IS; las head lot mixed 2-3
300 lbs 1890; limited volume mixed
l-3 1SO-l95 lbs 13.5U-l4.25: mixed
grade Id 275-350 lbs sows ll.75-
1900; few small lots 800 lbs and be-
low 13.00-l3;25; mixed ID 35O-45Q
lbs los II lI; do 6n mixed 2-3 4oo-57o
Cattle 10000; calves 100; slaush-
ter steers ana hei1ers fairly active,
steady TO strong; cows moderately &C
tive, strong to % higher: buls and
feeders very scarce; lew SAFES
I.lO0-i,: 800 10 steers 29.OO-:jO. 90;
choice steers LOO lbs down - 80
2S.75; choice and mixed choice and
r;rime steers !. over LOO lbs ia.
around l,4OO lbs 2S.25; standard to
low choice 24.D0-27 90; bulk good
grades rs. 1925 so; several loads S25-
OPS ID choice and low prime heifers
27.25-2S25: bulk good to high choice
"A 1927 90; a load mixed choice and
prime lips lbs included at 200:
utility and standard heifers scarce,
a few sales 10 1924 90; standard cows
10 ,O0-21 90; commercial 16.15-lS.5U:
utility cows l6.5O-lS.25; Gamers and
cutters 1450-l7.50: utility and COM
mercisl bulls 2175-24.O0; vealers sold
up to 33 90 most standard and good
IS .00-32 90: a load of medium $50
ID stock steers $3.50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-10
4 1859 Tests
OF Initiation
Are Outlined

CHICAGO. Aug. 10 (AP).-
The year 1859 will go down as
the most prosperous in history
for businessmen and consum-
ers, but four tests of imitation
must be met in the months
ahead, a committee of the
United States Savings and
Loan League declared.
The midyear report of the
leagues committee on eco
nomic trends and policies listed
these tests:
l. Can we have fairly stable
prices?
2. Can we remain COMPETE
tive in foreign markets and
in our own markets with for
eign sellers?
3. Can we maintain con-
fidence here and abroad in the
value of the dollar?
4. Can we preserve and re-
store the attractivenesS of dol
lar-fixed obligations?
Economic expansion without
imitation is a goal worth Striv-
ing for, the committee said,
"for it promises a prosperity
extending well into the early
1905"
The committee said the hous-
ing market displayed more
vigor and staying power than
had been expected the first
half of 1859. 1t added:
"One of the forces destined
to give a real flip to real es-
tate activity in the months
ahead is a revival of migration
into our major employment
centerS. AS job opportunity
openings in urban centers ex-
coed available workers, new
residents requiring shelter will
be drawn into this areas. Miss
ing for a year or more, this
force will add once again to
demands for homes and mort
gage funds"
The committee said the pres
ent outlook is for home building
to turn in a very creditable per-
Torrance for 1859.
The league is a trade organ
ization representing more than
4,500 savings and loan asSocia-
tons.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-10
StockLosses
Extend 10 S.;
Trading Active

NEW YORK, Aug. 10 tAP).-
The stock market suffered its
sharpest decline in two months
early this afternoon. Trading
was active.
Key stocks took losses Of frac-
tons to 4 or 5 points. Some Of
the space-age issues were down
as much as 7 points or so.
The Observation-Disclosures
fuel group which suffered a Sc
we're sinking spell last week con-
tinued its retreat and was
joined by steels. motors, chem
icals, rubbers, tobaccos and oils.
A number of issues were de-
layed in opening due to a pile
up Of sell orders.
Last weeks market retreat
was accompanied by what
brokers described as poor
technical action and led to aa
number of Wall street adviso-
ries which warned that a sharp
correction was due and that
profits should be taken in
many of the high-flyers which
have enjoyed huge gains this
year.
The decline was comparable
to that Of June 8 which was
prompted by President Eisen-
hower's request to Congress for
a scrapping of the interest
ceiling on government bonds.
Corporate bonds were mixed.
Government bonds were firm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-10
YOUR
MONEYS WORTH.
Money Commission Gets to Work

oblivion by permitting the
project to become tainted with
politics. the CED moved in.
In May 1858 it announced
the appointment to the COM
mission Of rs leading Ameri-
cans representing a cross-sec-
ton of banking, industry, labor
farming, etc. Last October, Mr..
Fox took a leave from the
Harvard Graduate School to
become head Of the commits
sion's research staff.
Procedure Explained
where do you stand now?"
I asked Mr.. Fox when I called
for an interview.
THE commission has now
been broken down into six task
forces" he disclosed, land each
has taken on a major assign
ment. One, for instance, IS
digging into the Federal Re-
serve System, another into every
aspect of the Treasury'S pol
icies. A third is going over our
entire private financial system,
a fourth is studying the role
Of government agencies.
"Over 100 special research
projects are being farmed out
to the most competent, objec-
tive experts we can find in the
Nation" he went on. More than
40 separate research projects
are in progress on the Federal
Reserve System alone! New
areas are being explored. all
existing knowledge is being.
modified by the commissions
staff in New York.
The timetable calls for COM.
pletion of the staff work by the
fall of next year, publication Of
the commissions final report
and key recommendations by
the spring of 1961-after the
presidential elections.
That's a long time to wait
and hopefully, the commission
will issue research reports on
critical money issues in the
meantime. But the big thing is
that we do have an independ-
ent, top-level commission get
ting at and facing the facts
about our monetary and credit
policies.
Distributed 1859 by The Hall SYM
dictate, Inc. All Rights Reserved.I :
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-10
Earnings

Goodyear Tire e. Rubber in
6 months ended June 80 earned
$40,646,386 or $3,75 a share VS..
$27,256,807 or $3.50 in 1858
period.
Ford Motor Of Canada in 6
months ended June 80 earned
SIS, 100000 or 1924 a share VS.,
$10,200,000 or $6.16 in 1858 pc
Rod.
Keystone Steel g. Wire in
year ended June 30 earned So
075.374 or $4.84 a share VS..
$5,984,59 or 1919 in 1858.
Northwest Airlines, Inc, in
IL months ended June 80 earned
$6,972,688 or $4.82 a share VS..
$4,432.14 or 1927 in 1858.
Emerson Electric Mfg. in 9
months ended June 80 earned
$3.164,952 or $4.01 a share VS..
$2,056,797 or $2.95 in 1858 Pc
Rod.
U. S. Smelt. Ref. e. Ming. in
6 months ended June 80 earned
$542,54 or $1.16 a share VS..
a loss of $3.50, 500 in 1858 period.
Other earnings included:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-10
U. S. Raped
ForDeIoyon
Air 7 realty

LONDON, Aug. 10 (AP).-A
British newspaper today
raped the United States for
taking more than eight months
to decide it must honor an
international agreement at a
financial loss.
British Overseas Always
Corp. applied last November to
the United States Civil Aero
nautics Board for formal per-
mission to open service be-
tween Tokyo and San Fran
cisco.
President Eisenhower ap-
proved last week.
1T would be of considerable
interest to British aviation au-
thorities to know the reasons
for this delay" said the au-
thoritative Financial Times.
1.-THE whole affair cannot be
regarded by Britain as being
anything but unsatisfactory"
Under the terms of the
glo-United States Bermuda
air agreement, BOAC always
had the right to operate the
transatlantic route said the
business newspaper.
Only formal approval by the
Civil Aeronautics Board and
the United States was required.
1T has taken the United
States authorities a long time
to make up their minds that
the honoring of an interna-
tional pact is preferable to any
loss of monetary interests
through abiding by such a
pact" said the Financial
Times.
THE BOAC trans Pacific
case must raise fears that such
a situation might recur.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-10
N. Y. COTTON

NEW YORK, Aug. 10 (AP).- Prices
dritted lower in quiet late morning
dealings.
The Government report. placing
probable 1859 production at 14,Sl5,-
900 bales, was about in line with trade
expectations.
The report. however, brought light
selling Of nearby deliveries. Most Of
the selling came through commission
houses while trade dealers ABSORBED
contracts.
The Government report on ginnings
was on the, low side. Traders said that
recent adverse weather had slowed
Noon prices were 20 to IS cents a
bale lower than the previous close. Oct.
32.19, Dec. $500 and March 1887.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-10
Other earnings included:
N. Y. PRODUCE

NEW YORK. Aug. 10 (APD (UsDAl
Butter offerings moderate. Receipts
l2 days. 1890 Wholesale prices on
bulk cartons Cfresh). Creamery, az
score (AAl 60h-6034 cents % score
Al 60-60A 90 score OBJ 5S24-5
Cheese offerings moderate. Receipts
e days. 221 900. Wholesale sales
American. cheese whole milk. Single
daisies fresh $780, cents Single
daisies aged 1851 flats aged 4S-5i
processed American pasteurized lbs
35a4 -37h, domestic Swiss (wheelsl
grade "a" 45-4S grade "B" 43-44
grade &C" 39-41.
Wholesale egg offerings liberal. Re-
eeipts t2 days. $4,000. New York spot
quotations follow. M'dwestern Mixed
colors: Extras 1850 lbs) 311s-33Ia
extras medium 24-25; v standard
large 25-25l5: checks 1925. Whites
Extras C4s-50 lbs 1896: extras
medium 24-25. Browns: Extras AS
80 lbs) 1899.
Nearby: Whites: Top quality (4s-
so lbs) 3Sh-43: mediums 1926:
smalls 21-22ha and peewees 14-141a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-10
" SYLVIA PORTER

If you've been listening to the
President, his Cabinet officials
and the Chairman of the Fed
eral Reserve System defend
their money policies recently,
you UNDERSTANDABLE might con-
clude they're doing the best
that can be done to make ours
a superior economic world.
1t isn't so.
There must be better ways
than we are pursuing to pro-
mote a growing and prosperous
nation. employment of all who
are able and willing to work,
reasonably stable prices. too.
But while we can shout that
there are ways to improve our
money system, we can't be
confident what they are, be-
cause we don't have enough
facts upon which to base our
judgment. It's a cinch to criti-
CHE the Federal Reserve Sys-
TENS general credit curbs as
discriminatory and unfair, but
what specific curbs would be
better? It's easy to say that
the Treasury is managing the
huge public debt in a hit-and-
miss fashion, but how should
we make the fashion less hit
and-miss?
Start Is Made
"At last we're off the ground.
though, and we're flying!" says
Bertrand Fox, Research Di-
rector of the first exhaustive
investigation into our monetary
system in over a half-century
since the Aldrich Commission
Of 1908-11, which led to the
establishment of the Federal
Reserve System. Were Or
ganized. We're getting down to
basic work" This is the in
dependent National Commits
sion on Money and Credit"
which was launched in Novem-
Der 1857 by the Committee For
Economic Development and
which is being financed by
grants from the Ford Founda-
ton. After President Eisen-
hover and Congress had talked
their own proposed probes into
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-10

Yale&TOw Ia 5 ) 4lz 353A 33A-1
Young S&W2 AZ A3 AZ - "a
Yng Sh&T q l35 ia 15s "A
YngstStDr34g 1 23lA 23A 23M+ N
Zenith Rad 16e 1904 eesA 90 -61o
Hourly Sales on the Exchange
ll;0O am 6oV YOU Noon 300 600
loo pm 2 200 900 200 pm o 600 600
unit OF trading 10 shares or sales In
full Rates Of dividends in the foregoing
table are annual disbursements based on
the last quarterly or semi-annual decla-
lation., Unless otherwise noted, special
or extra dividends. are not Included.
plus stock dividend. Declared or paid
in 1859 plus stock dividend. e Paid last
year. PAYABLE in stock during 1853,
estimated cash value on ex-dividend or
redistribution date. g Declared or paid
So far this year. h Declared or paid
after stock dividend or splitup. k DE.
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
meetisg. r Declared or paid in 1858 plus
stock dividend. Payable in stock during
s.. IL I'll; II casa va4ue on eX-divldend
o. ex-olsnIouuon qate. y Liquidatins
DIVIDEND. cid Called. xEx dividend.
X-dls Elk distribution. xr Elk rights. XIV
Without warrants. WV With warrants.
wd when distributed. wi When issued.
nd Next day delivery. q In bankruptcy
or receivership or being reOrgamZed
under the Bankruptcy Act, or securities
assumed BY such companies.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-10
DIVIDENDS

NEW YORK. Aug. 10 (AP) .-Divi-
dends announced:
Pc Stk. of Pay
Rate riod record able
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-10
BUSINESS
BRIEFS

Allegheny Airline traffic
during July reached a record
high. A record 58,797 passen-
gers travelled over 1912 million
miles during the month, ex-
ceeding July, 1858, by 81 per
cent.
J. ]. Newberry Co. July sales
totaled $18,070,628, up 500
from 1858; for z months $116,-
145,864, up 1867 from 1858.
Mangel Stores Corp. sales in
4 weeks ended August l totaled
$3,l9l ,226, up 34.9qo from 1858;
for rs weeks ended August /
$2l, 923,489 up 28.1% from
1858.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-08-10
ODD-LOT TRADING

NEW YORK Aug. 10 (AP) The
New York Stock Exchange reported to
day these odd lot transactions by prin-
eipal dealers for August z; purchases
shares including 2,427 shares sold
short.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-05
MONEY COLLECTED
Gum Springs Youth
Bonded in Incident

Residents in the Gum
Springs area Of Fairfax County
collected bail money today Ia
free a Negro youth who had
been in Jail since Saturday
night on a misdemeanor war
rant sworn out by two white
men accused Of shooting at
him.
Stanley C. Houston, 10, ar
rested on a warrant charging
cursing and abuse, was re-
leased after a $3.50 bond was
posted today by the Rev. w. E.
Costner, pastor of the Second
Baptist Church in Falls
Church. Mr.. Costner said he
will retain an attorney for the
youth.
Houston had been held in
the county Jail because he was
unable to post the bond.
The white men, charged with
the shooting, were able to pos;
bond and we're set free.
The warrant for Houston:
arrest was sworn out by Jane.
H. Baker, 81. manager of the
Nightingale Trailer Court in
the 1900 block of Richmond
highway, and his assistant
George Often, 38, according tc
police.
Police said the two men OBJ
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-05
FORMER CASINO
TO CROSS RIVER

COLONIAL BEACH. Va,
May 5 tAP).-If all goes well,
therell be a strange craft on
the Potomac River the latter
part of this week.
The Jackpot, a former gam
bling casino. is scheduled to be
floated to the Maryland side by
barge to a new site near the
Potomac River Bridge.
Dennis Conner. co-owner of
the casino, said workmen will
begin preparations for the move
by mid-week and attempt the
shift by Friday.
The building will become the
focal point of a new develop
ment under way on a 150-acre
tract in Maryland near the
bridge, Mr.. Conner said. It
will become primarily a seafood
restaurant.
In it's heyday the Jackpot
held rs slot machines. The
"one-armed bandits" were put
out of commission a year ago
by the Maryland General AS
sembly in all establishments
that could not be reached on
foot from the Maryland shore.
During the nine-year era of
gambling of the Virginia shore,
slot machine operators con-
Quoted their business on piers
jutting from the Virginia shore
into the Maryland-owned Poto-
mac. The Maryland counties
across the river allow slot
machines.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-05
Slot Curb Bill
IsDue 10 Be
Signed Today
BY CHARLES L. HOFFMAN
star star writer


ANNAPOLIS. May 5.-ooy.
Tawes today was due 70
sign q bill TO curb big-time slot
machine casinos in Charles
County.
The Governor. In a Anal bill
signing session scheduled for
this afternoon. win complete
action on more than so meas
ures. About 20 OF them re-
portedly win be vetoed by the
executive.
The slot machine bill will
limit TO IS the number OF ma
chimes licensed for any single
establishment and win remove
the present prohibition against
establishments owning more
than three of its own machines.
The ceiling will not affect
existing casinos until next May
/. All other provisions Of the
bill. including stiffened re-
quirements on disclosure Of A.
nancial interests in slot ma
chimes win become effective
June !.
Five big casinos operating In
the county will be affected by
the new 35-machine limit.
The largest is the Pot Of
Gold, which recently took out
new licenses for 233 machines.
It is at the Marshall Hall
amusement center.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-05

tanned the warrant after Hous-
ton had charged them with ar
ing pistol shots in "a place Of
public resort" a felony in vir-
ginia. Baker and Often posted
1000 bond each and were
released.
Investigators reported that
the two white men had driven
into the Gum Springs area to
see an employe and that Hous-
ton had shouted to them from
the sidewalk to slow down be-
cause children were playing in
the streets.
Police said the two men later
changed cars at the trailer
court and then returned to the
Gum Springs area where they
fired shots from two .22-caliber
pistols in Houston's direction.
No one was hit, they said.
All three cases will be heard
Thursday in Fairfax County
Court. On the misdemeanor
charge against Houston, no
jail sentence is provided by
law. He could be fined from
$3.50 to $500. The felony
charges against Baker and Of
fen call for jail sentences up
to one year and a fine up to
1000, according to court Of
ficials.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-05
8 Buildings
II Floors Toll,
AreApproved

The Arlington County Plan
ming Commission last night up
held action Of the board OF
coming appeals which granted
an increase In the height limit
for three ONCE buildings near
the Pentagon.
The matter had been referred
70 the planners after several
South Arlington residents COM
planned that the l2-story once
buildings would mar the Po-
tomac River skyline.
The buildings are scheduled
10 be constructed by Morris
cafritz and Charles Thomp-
kins Of Washington In the
"Pentagon City" development.
Members OF the planning
commission said the board Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-05

coming appeals acted within
It's authority In allowing the
maximum height 10 be In
creased from 9 10 II stories.
The commission also upheld
the board OF coming appeals In
its denial Of q variance 70 Jack
and Fay Rathbone. who wanted
to subdivide a tract IN the
$500 block OF North Monroe
street into three lots with
widths smaller than that set
up In the coming ordinance.
II also upheld the coming
boards denial OF a variance
which would have permitted a
free-standing sign at the Co
lonial Valet Co. In the $500
block Of Columbia pike.
The three cases were the
first 10 be appealed TO the
county board under a new law
which allows a dissatisfied
party 10 appeal a coming boards
decision 10 the governing body.
The commissions report will go
TO the county board, which Is
scheduled 10 take up the three
cases Saturday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-05

BALTIMORE, May S (AP).-
Theodore r. McKeldin, silver
tongued Republican seeking to
return as Baltimore's Mayor
after serving two terms as
Maryland's Governor. had Bal
timore's top Democratic boss
out laboring like a precinct
worker for him in today's city
election.
Jack Pollock, who has con-
trolled much of the patronage
under outgoing Democratic
Mayor Thomas D'Alesandro.
was circulating among polling
places passing out McKeldin
sample ballots that cut party
lines to Shreds.
Registered Democrats out
numbered Republicans about 4
to /.
Tie Rejected by Grady
The Democratic nominee, j,
Harold Grady, States attorney
and a former FBI agent, has
stressed throughout his cam
paign his refusal to become
tied with Mr.. Pollack. Mr.
Grady caused eyebrows to lift
when in the primary he handily
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-05

Of anti-Grady Democrats. said
he welcomed the support of a
"city-wide Democratic organi-
cation"
The 58-year-old Mr.. Nc
Keldin. who nominated Mr.
Eisenhower for President in
1852, was Mayor from 1943-47
and Governor of Maryland
from l95o-53. The only member
of his party ever reelected
Governor, he was barred by the
State constitution from seeking
a third straight term.
In all his victories, he drew
substantial public support from
established Democratic organi-
cations.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-05
First Political Contest

Mr.. Grady, whose race
against Mr.. D'Alesandro was
his first political contest, had
waged that campaign chiefly
on the theme that Mr.. Pollack
had gained too strong a hand
in the administration.
Mr.. McKeldin, whom some
gamblers listed as a 81 under
dog even with the late support
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-05
TV Hotter on Loose

ADMISSION. Ala. (AP).-Po-
lice are looking for a house
breaker who appears to have a
sharp dislike for television. Joe
S. holland reported that he and
his family returned home from
an overnight trip and found
somebody had broken into their
house and blasted their tele-
vision set apart with a shot
gun.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-05
Hearing Set Tonight
On Foirfox Budget

Hearings on Fairfax Countys proposed s346 million budget
resume tonight after noisy opening session dominated by
criticism.
Close 10 90 persons scheduled 10 speak at tonights
hearing the County Courthouse starting az o'clock Final
action the budget by the County Board Of Supervisors Is
More than 20 spoke last night An overflow audi