davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25

with automatic transmission
power brakes and heater. came
TO Manhattan Auto and to Jacl
Pry, with near-s4.000 price
tags.
The Rover 10 Flood Pontiac,
which also handles England's
Rolls-R Royce and Bentley In ad-
dition to Pontiac and Vauxhall.
The Rover is in the same $500
price area.
- y
The general public may have
a walk through" of Trans
World Airlines' new BOeing 7O7
jetliner at Friendship Airport
next Thursday between S and
Ia pm.
The Big Bird is poised there
ready for TWAS opening of
jet service 10 Los Angeles and
San Francisco, already booked
to capacity
The occasion also marks the
opening here, of an airlines
coach terminal at 1903 L street
NV. where Moe Lerner's Air
port Transport, Inc, will begin
bus service to Friendship air.
port.
Alterations are under way on
the former Lee Insurance
building and 5000 of the
adjoining lot have been taken
over for bus space.
&&&
Miss Jerrie Cobb, 26-year -old
Oklahoma pilot who few an
Aero Commander to a new, Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25
3OCenfs Paid
By Universal
Marion Corp.

Directors of Universal Marion
Corp. meeting today at Jack
sonville, Fla, declared a divi-
dend of 80 cents a share or
the capital stock for the Sec
ond quarter of 1859. The divi-
dend, payable June q to stock
holders of record June 5 is the
same amount as paid In the
first quarter. This is the sue
cessor corporation to the for
mer Capital Transit Co. here
James Mullaney, president
reported that April net earn
ings were almost double those
for the entire first quarter OF
this year, bearing out the FORE
cast he made at the annual
meeting April IA that second
quarter sales and earnings will
run well ahead of the initial
quarter" He said April sales
were $4,329.9l4, while net profit
amounted to $745,371. equiva-
lent to 43 cents a share on the
l,704,477 outstanding shares.
For the first quarter of 1859,
Universal Marion had reported
net profit of $420,48l or "a
cents share on sales of
$8,942,270.
The meeting of the board
precedes by a few days the
move Of the corporations head
quarters from the Colorado
Building. Fourteenth and G
streets NV, to Jacksonville
On May 90, the corporation,
incorporated in the Nations
Capital. will be officially merged
into a Florida corporation. con-
tinuing the former company.
Approval Of the merger was
voted overwhelmingly on April
IA by shareholders at the an
nual meeting. A purpose of the
merger was to eliminate techni-
cal questions with respect to
District of Columbia require
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25
YOUR
MONEYS WORTH
Tight Money Is Back
~ SYLVIA PORTER

We are now re-entering a
cycle of tight money.
This one will be, according
to all reliable signals, the
toughest in this nation since
the bank panic of the early
''30s.
Already, the price" of money
the level of interest rates
is the highest in a quarter
century and its heading higher.
Already. many loan applicants
are finding it more difficult
to get credit, and the clamp
down will be rougher in the
months ahead. Already, bonds
carrying low coupons sold by
the Treasury, states, cities and
corporations in the easy money
cycles of the past have sunk to
record lows and are moving
lower.
This is what tight money
means: a period in which most
borrowers must stand in line
to get credit, in which many
are turned down fiat or granted
only a part of the cash they
want, and in which all who do
get loans must pay heavily for
them.
Tight money happens when
the demand for credit tops the
supply Of money available in
the nations pool for loans.
1t happens when the economy
goes into an upswing and as q
result, business men want to
borrow more to add goods tc
their shelves and expand then
plants, homebuilders and home
buyers want to borrow more to
finance houses, millions of con-
sumers want to borrow more tc
buy cars, appliances and the
like, states and cities want tC
borrow more for essential pub
lie works, etc.
1t happens when the Fedora
Reserve System refuses to ado
enough money to the credit
pool to take care of the in
creased loan demands because
the Central Bank is convinced
that if all who want to borrow
can do so easily, the prosperity
will become an infiationarS
boom.
The conditions I've described
above have been emerging
clearly for months, are nov
Enthusiastically dominating thu
money markets.
What will this cycle of tigh
money mean to you?
To homebuilders and home
buyers: Mortgage money i
going to be the most expensive
in years, and the stated cos
of many mortgages is likely II
be a lot less than the real cost
Although costs will vary from
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25
WINGS & WHEELS.
o CHARLES YARBRoucR

car in the $500 to $1,000
range.
Then. as another significant
piece in the jigsaw are survey
figures released last week by
the National Automobile Deal
ers Association.
Over the Nation, the import
buyers we're asked whether
they would have bought the
imported car If a similar new
American car had been avail
able for the same price. Sixty
per cent said mo-"
When asked If they thought
their next new car also would
be an import. So per cent said
yes"
And still they come.
Last week saw arrival in
Washington of two new Eu-
ropean luxury automobiles-the
Humber Super Snipe, described
as the most luxurious and
completely equipped car ever
created by the BRITISH Rootes
Group" and the English, quail
ity-built Rover.
The Super Snipe. complete
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25

area to area there is no doubt
the lid will be on mortgage
money, and many homebuild-
erS are simply not going to get
the financing they need to go
through with their plans.
To business borrowers: The
highest-rated corporation can
not get a loan for less than
Az per cent today-and hid
den extras are raising the eff
fective borrowing rate to well
over 5 per cent. Less estab-
| lished, desirable borrowers are
paying more. of course. Now,
the probabilities are many loan
applications will be cut, others
will be refused.
To states and cities: Lenders
are demanding 3l2 per cent
and more even on the tax
exempt securities of the high
est-grade municipalities. In
creasing numbers of states
and cities will find that the
legal limits on what they can
pay for money will bar them
from borrowing.
To buyers on the instalment
plan: They'll pay more for
loans on autos, appliances, etc.
Although the real charges will
be hidden in the small print
and rates will vary violently,
costs will be definitely up.
To corporations selling
bonds: They'll be placing the
latest coupons in years on
new bonds and be glad to get
buyers for them.
To holders of outstanding
bonds: Prices of bonds they
bought in the past will be down
because new bonds will be COM
ing out with higher coupons.
To the Treasury: It'll pay
more than 4 per cent just for
short-term loans of a year or
less.
To banks: They'll make more
on the high loan rates and fat
coupons on new bonds. but
they'll be in a squeeze too be-
cause they won't have suffi-
cient cash to meet loan de-
mandS.
To savers: They'll gain be-
cause financial institutions will
be paying higher rates to at
tract more and bigger savings
accounts.
The tight money phase of
1959-to-? is shaping up even
now as more restrictive than
that of the summer of 1857
Just before the recession OF
1888. And that money pinch
was brutal to countless hun
; dreds of thousands.
: Distributed 1859 by The Hall syndi
l cate, Inc. All rights reserveoJ
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25

Buckine phenomenal sales Of
imported automobiles. Detroit
last week barred plans to join
the battle.
AS though by design rather
than coincidence with plans
for compact cars-Ford's Fall
con, Plymouth's Valiant and
Chevrolet's Convair-came re-
ports from widespread sources
pointing up one Of the greatest
CANDLES Detroit has ever seen.
First was a story in the cur
rent Automotive News, citing
six records in imported car
registrations during March.
1t was the biggest month in
the imports history; largest
first quarter; deepest penetra-
ton of the United States mar
ket for any month this year;
deepest penetration Of any
first quarter in history; big
gest month in history for every
one Of the top 70 makes and
highest first quarter in history
for every one of THE top ten.
Today comes a copyrighted
story in the new Fortune maya
zine. predicting:
IAN engineering revolution so
radical that it will change the
whole concept of American auto
making is about to explode in
Detroit"
Fortune says the bill for De-
troit production Of the smaller
cars will be Staggering about
$500 million.
The article forecasts the en-
cheering revolution includes,
in addition to this years COM
pact car presentations:
Production in the fall of 1860
of six new compact cars carry
ing the names of EdseI, Odds,
Buick, Mercury, DeSotO and
Chrysler; fall Of 1861, the ulti-
mate in compacts, luxury
models by Cadillac, Lincoln and
Imperial; fall of 1862. Big Three
versions of the European small
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25

ficial record Of 22s miles an
hour over q 1000 kilometer
course. win be IN Washington
Friday.
She's enroute TO the Paris
Air Show with another Aero
Commander. which Is to be
christened by Mrs. Alphand,
wife Of the French Ambassador.
United Air Lines boosts its
first class service between
Washington and Columbus ana
Dayton to three round trips
daily beginning June l. !.
DIR. Theodore Won Karman Is
the National Aviation Clubs
Man of the Month" at a re-
ception Thursday. Floyd ID.
Akers, OF Capitol Cadillac Olds-
mobile, has been elected to the
1859 Cadillac Distributors DEAL
er Council here a new book
on the worlds classic anto COM
petition, Races That Shook
the World" by Rodney Walker
ley, is being announced by
ARCO Publishing, of New York.
|. Research that eventually
will lead to the l00,000-mile
automobile tire" has been re-
ported to the American Chem
ical SOciety's division of rubber
chemistry. j.. Ford, whose pro-
duction is running over SO per
cent ahead Of 1858, produced its
millionth Ford on May Is /. !.
a firm to repair and refinish
damaged bumpers-Allied Met
al Finishing Corp, has come to
Baltimore.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25
CHICAGO
LIVESTOCK

CHICAGO, May 25 (AP) (UsDA).-
Hogs 5000: moderately active. uneven,
steady to rs higher on butchers; most
s sgs GEN. on weSnt; under Sso III sOS S
relatively scarce, 2-3 mixed grade
10000 lbs butchers 16. 65-l7 90: few
mostly 3s around 220 lbs at 1880
1880; several hundred mixed grade
IL 190.22e lbs 15;00,,l7,35; and few
200 head at 1880: mixed grade "a
220-240 lbs 16.00-16.S5: mostly IS
around 240 lbs at 1900; few lots
mostly 2s 230-240 lbs 16.50-l6. IS;
mixed Grade, 2-3 24Q-2T0 lbs 15.75-
l5.00-15.75; few lots mostly IS 800
375 lbs 13.15-l475: mixed grade 800
400 10 sows l3.0O-l4 90: few 300-3S0
lbs 14.00-l4 so; mixed grade 400-550
lbs 1175-l4.0O
Cattle 27.OO0; calves 100: receipts
larges tfor any day since last October;
slaughter steers slow, prime grades
very scarce; load lots mixed choice
and prime steers weak TO so lower
with rank and file SLAUGHTER steers
lower; heifers weak to IS lower, mostly
% OF so lower; cows steady to weak;
steady: stockers and feeders scarce,
SSt no early sales bulk sSOd and
high choice and mixed choice and
prime 2925-32 90. load 1900 ID
choice to mostly prime steers 81 90:
load high choice and prime LOO ID
heifers 1918 good and choice heifers
25.50-2s.75, mostly $500 down; util-
ity and standard heifers 81 .00-25 90:
utility and commercial cows 10 90
2250; Gamers and cutters 1850
1875; utility and commercial bulls
% .50-25 90; few choice vealers SO. co.
$500: culls as low as 1900
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25

ments that no corporation
may be organized under this
act unless the place where il
conducts its principal business
is located within the District, -
officials said. Universal Mar
ions operation are carried out
by three divisions - Marriott
Power Shovel Co., Marion, Ohio;
Scullin Steel Co., st. Louis, and
Southern Pipe and Supply Co.,
Jacksonville.
Officers and directors of Uni
versal Marion will remain the
same, after the merger on this
coming Friday, and shares will
continue to have the same
stock exchange listing as pre-
viously, officials explained.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25

Well, you can put yourself behind the wheel
of SO Rocket Engine Oldsmobile-at less
cost than you'd probably guess! Surveys
show that many people think an Olds
costs more than it actually does.)
Your local Oldsmobile quality dealer can
tell you exactly how easy it will be for you
to make your move. And he's looking for
a great many trade-ins to take care of
used car buyers headed his way this
Spring. That makes right not0 the right time
to trade your present car in for SO
Oldsmobile!
Take a demonstration drive in a SO
Rocket . then ask yourself, wouldn't
you rather drive a new Oldsmobile q.
especially now that Spring is here!
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25
D. {. Transit
Stock Issue
Is Sell Out

President o. Roy Chalk Of the
d. c. Transit System, Inc. to-
day announced that the stock
offering Of d. C. Transit Sys-
tenn, Inc. CDelaware), has beer
well oversubscribed and mail /,
still coming In. 1t represents
a $3.6 million investment.
He explained that the public
took about SO million OF the is
sue, while transit employees here
took about 100000. He said
concerning the 100000 rights
that had been offered to stock
holders, paid subscriptions fol
more than 900. 900 had been re-
ceived. He declared Chase
Manhattan Bank of New York
the agent, is still opening the
mails.
Mr.. Chalk said the public
bought the rights at varying
prices from so cents to S1.5O
a share-with an average OF
about 80 cents. 1t took three
rights to buy one share. on
Friday, the stock was selling
lat $12.50 on the American
Stock Exchange, Mr.. Chalk
asserted. On Friday the stock
was also admitted to the Phil
adelphia, Baltimore, Washing
ton and Boston Stock Ex-
changes.
The president said the money
will be used for the general
purposes Of the parent corpora
ton and lay the groundwork
for financial and other expan-
sion now being planned in the
Washington area for the tran
sit system here. Details of this
program have not yet been
announced.
Mr.. Chalk pointed out the
corporation had no underwater
and added I'VE are going under
our own power"
I'VE are very happy about
the oversubscription," he as
serted. 1T looks as if we have
at least 1000 stockholders, of
which about 500 are our own
employees"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25
Associations
Savings Gain

With new savings of $37, 1881
900, District of Columbia saw
ings and loan associations last
month made impressive gains
This was pointed up today
by the Federal Home Loan
Bank of Greensboro, N. c.,
which has jurisdiction over this
area.
OF the $37 900, the bank
said $29, 100000 was withdrawn
leaving a net addition to the
books of the "a associations
here of $8.14l 900 or 81 per cent
more than the total of $6,227,-
900 Of April. 1858.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25

ing magazines IN the United
States and Canada, including
Advertising Age and Printers
Ink.
Mr.. Harper explained it is
necessary to be close to the
Federal Government, to the
Post ONCE Department par
ticularly and to Congress. as
well as to particular agencies
in which publications have a
special interest. The president
declared the business publica-
tions growth is directly related
to the growth of governmental
interest in business. He said the
need exists for interpreting
business needs to the Govern
ment, as well as the Govern
ment's own interest in business.
TwO-way Street
It's a two-way street." he de-
clared.
There is quite a corps of
correspondents here who do a
thorough job for business pub
locations only. They are rec
ognized by the Periodical Gal
lery on Capitol Hill. There are
more than 100 of these cor
respondents who cover Wash
ington for their specialized in
terests. We figure business
publications reach better than
40 million highly specialized
readers. They are buying in
fiuences and decision makers"
indicative of the wide scope
of this business, Mr.. Harper
pointed out the publications
represented here run the gamut
of:
The fishing industry. food
business. both processing and
distributing, plastics, rubber,
including tires, sales manage
ment, medicine, agriculture,
metal processing and finishing,
the electronic field, automotive,
the shoe business, gas and its
allied industries, trucking, de-
partment stores, hardware, iron
and steel, the jewelry business,
optics, textiles, hospitals. city
management, boating industry,
purchasing, volume feeding,
construction, engineering, gro
Gerry stores and supermarkets,
dental laboratories, the bever-
age field, garden supply, sport
ing goods. baking and the
bottling industry, the candy
industry. packaging and box
board containers, air condi-
tioning. heating, plumbing and
ventilating, insurance, service
stations and several others.
Many Have News Bureaus
Mr.. Harper called attention
70 the point that business pub
locations have had news bureaus
here for many years. Among
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25
Trans-Pacific Corp.
Is Headed by MalStOm

Rear Admiral A. /. Malstrom
retired, of 1888 Aberdeen road
Bethesda, Nd. has been elected
president of the Trans-PaciflC
Corp, recently incorporated
here, to operate hotels and re-
sort properties in Hawaii, Ia
hiti and the Fiji Islands, as
well as elsewhere in the South
Pacific.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25
American Airlines Elects
Spater As Vice President

President c. r. Smith Of
American Airlines; Inc. an
nounced George A. Spater
aviation law authority. has
been elected an executive vice
president. Mr.. Spater will also
serve as the airline's general
counsel, he said. Previously, an
outside laf firm was employed
as general counsel.
The president said "it is
anticipated however that Amer
lean will continue to utilize
the services of legal firms in
New York, Washington and
elsewhere now doing work for
the company"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25
'3 3 BUSINESS
D. c. Becomes Center
Of Trade Publications
BY WILLIAM A. MILLEN
star stan Writer

Washington becoming increasing important center
for business publications.
Robert E Harper, president Of National Business Publ
cations me- 1918 street NV today cited the growth in this
field here He said his organization represents 206 technical
scentihc professional industrial merchandising and Market
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25

the leaders are: McGraw-Hill
the Chiffon Co. and Conover-
Mast Publications.
A number Of publishing COM
panies have located here In
recent years. among them
American Aviation and Mech
anization, Inc, which caters tc
the coal industry. Recently
construction magazine moved
its headquarters from Roanoke
Va. to Arlington, Va. to be
nearer the Nations Capitol, he
said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-05-25
OVER COUNTER

Washington listings on over-the-
counter markets furnished by the Ma
tional Association OF Securities Dealers
as of I nm Monday, Nav oh.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-20
AFTERNOON

1900
4-True Story. Dromo.
THE Cowbird." Having roised
her nephew from childhood,
woman is shocked when the boys
mother oppeors OF her wedding
kothi Norris, hostess.
5-Cortoon Ploytime. Kids.
7-Unele Al Show. Kids.
Hour. Entertainment for chill
dren Songs. stories and puppets,
9-Soturdoy News.
Harry Reosoner reporting.
1880
4-Deteetive's Diary. Drono.
Donold Groy stors.
5-Tomohowk. Adventure.
9-City Side. interviews.
4-Eneore Playhouse. Movie.
ia Hours. THE Whole Town
Is Tolkine." 1895. edword e.
Robinson.
5-TV Readers Digest. Drama.
7-Jungle Jim. Adventure.
Johnny WeismulIer stors.
9-LoureI and Hardy. Comedy.
$50
5-Douslos Foirbonks Presents.
7-Abbott and Costello.
COMEDY. Bud Abbott. Lou Co.'S
telIo.
9-Lone Ranger. Western.
. Clayton Moore stors.
200
5-AdventuFes and Comedy.
IA Hours. The Soint Strikes
Book. 1899. George Sonders.
Here We Go Aooin." 1912.
Fibber McGee and Molly.
Inject CoEliss Archer.
COMEDY. Ann Boxer stors.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-20
September rs

S-Soturdoy Motinee.
z Hours. Venus Mokes Trou-
bie." 1887. Jones Dunn. eff
You Could Only Cook" 1895.
Jeon Arthur.
$3.50
7-Joxx ReeitoI.
Storing Charlie Byrd. Felix
Gront, host.
2:45
Aberdeen Guide. Color.
500
4-News. Color.
7-0ur Miss Brooks. Comedy.
Eve Arden stors.
3:l5
4-Foofboll.
Northwestern vs.. Oklohona.
$3.50
7-union Poeifie. Roilroods.
Jeff Morrow stors.
400
7-Mvstery Theotev. Drono.
= Hour. "cry Of the Werewolf"
Nino Foch.
9-Citixen Soldier. Army.
The story OF our Army on distont
bottlefields.
4:30
5-Piek Temple. Kids.
! Hour. Cartoons and oomes.
9-Roee Of the Week.
The Woodward. From Aaueduet
Roce Trock, New York.
500
7-Bowl the Chomp.
Hour. Gertha Wilson.
9-The Eorly Show. Movie.
ia Hours. Johnny One Eye"
1850. Pot O'Brien, Wayne Nor
rs.
$50
5-The Three Stooses. Com'dy.
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1959-07-04
MAP Again Seeks Ruling
On Biased Arkansas Laws

made after the United States SUI
preme Court on June % ordered
the district court TO reconsider
its refusal TO rule on the statutes
pending an Interpretation in the
state courts. Last January, the
lower court withheld judgment
on the ground that lit would be
more wholesome and more logi-
cal to permit the state courts of
Arkansas to rule upon their va
lidity i'm the first instance"
In a decision handed down on
June 8, the Supreme Court held,
in a case involving Virginia's
anti-NAACP statutes, that 1.-The
federal courts should not adjudi-
cate the constitutionality of state
enactments fairly open to inter.
probation until the state courts
have been afforded a reasonable
opportunity to pass upon them. "
The NAACP contends that no
fair Interpretation of the Arkan.
sas laws would find them valid.
On this basis il will seek a ruling
in the district court.
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1959-07-04


There was a time MIR. Viii
kins said. when southern white
people could have split the Ne
gro population down the middle
on any issue like this. This
would have kept us fighting
among ourselves and we never
would have received any benefit
from the Supreme Court ruling
This has not been true on
school dcScgrcgation. Here and
there we have had an Uncle
Tom. but they have been few
and far between. We have been
united. believe this has been
due in no small measure to the
leadership which our churches,
their pastors and their members
have given"
In his address 10 The Baptist
gathering on June ~. the
NAAcP leader said that under
segregation white people get
the best. Negroes get only
what Is left over-if anything.
How can Negro parents be
happy. for example. when their
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1959-07-04

CORONA. L. /. (CNS) =. .
Citizens of Queens are demand
ing the rape case against 4 Negro
school boys by a white IA year
old student go to the highest
court. But already action has
been swift. The boys, held for
the Queens Grand Jury after a
physicians examination stated
the girl had definitely been
raped.
Magistrate Solomon promised
justice in setting $4,000 bail for
the four boys. This court" he
declared, believes in reclama-
ton and regeneration of youth.
provided the crime is not one of
brutality and violence. There is
sufficient evidence in this case
that each of the defendants is
guilty of the charges as set forth
in the complaint. and that there
was violence and brutality in
volved.
A 10 year old, one of the de-
PENDANTS. stated he hit the victim
when she called him Niger