davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21
CHICAGO
LIVESTOCK

CHICAGO. April 81 (AP).-(UsDAl
Hogs 1000; moderately active, un-
even, steady to 25 lower on all butch
ers: sows uneven, steady TO weak: only
lair shipping demand; 3 mixed grade
mostly 1850 and below; several S nun nun.
dred mixed 1-2 200-220 lbs 10. So
1875: a few hundred mostly Is these
WEIGHTS l6.7o-1b.9 30: $50 head closely
sorted Is GOOGLE lbs ~ 90; a few
mixed "a s25-s5o I5. s. M IS; Pew q few
lots, mixed l-2 330-340 lbs 1910
1896; mixed 20 26U-290 lbs 1926
1873; few lots a-3 UP to $40 lbs
down to 1900; mixed grade 33O-435
II soys iS.5e-l4.25; most 450-550
Cattle, 1000; calves. 100: slaughter
steers slow, steady TO weak; heifers
strons to .s5 higher; R bulls scs sTSs
strong: vealers and stockers and feed
pr BRINE s5 e. Gs aasS Fl u Steers 70 9 r.
several loads mostly high choice 1900
1900 lbs. 32-00-32 so: bulk GOOD to
average choice % .00-3l 90; load lots
mixed good and choice 9S.5O-2S. as;
several Loads 975Il 900 b. standard
ard Holstein steers 25 100, and a part
load mixed cutter and utility 900 Id
HolStein $500, load Of 1,035 ID
heifers choice with q prime end 1925
load good and choice 26.O0-29 .25,
utility and standard 81 00-25.00 util.
ity and commercial cows 190O-2I so,
bulk Gamers and cutters Ii 50-1a so;
most utility and commercial bulls
% .Q0-24 so; vealers IS 90 down: culls
as low as 1900; a load Of good anc
choice 600 h. stock steers 70 so,
good and choice S35-1 900 ID. feedinr
steers ~ .e0-29.25 some medium ano
good SOO-S50 ID. feeding steers % .25.
$3.50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21
Sheraton Plans
Expansion Of
ST Million

A 81 million improvement
program, including a 1900 ca
pacity ballroom; a 800 automo-
ollie parking garage in four levels
and a new swimming pool. was
expected TO be launched today
at the Sheraton-P Park Hotel.
Groundbreaking ceremonies
were scheduled for 2 pm, with
Commissioner David B. Karrick:
Robert L. Moore. chairman
Of the board Of the Sheraton
Corp. of America; George. D.
johnson, general manager Of
the hotel; Irvine Shubert. SEN
ior vice president of the Shera-
ton Corp. Page Brown. director
of the Sheraton chain and
other dignitaries participating.
The ballroom. to be con-
structed on the existing outdoor
swimming pool site, will ac-
commodate up to 1000 persons
for banquets and 1900 for
meetings. It will be so built
that it can be converted into
three different rooms. accom-
modating 500. 800 and 200 per-
sons. Twin staircases will lead
to the new ballroom from a
large reception area on the
lobby floor. The garage will be
Immediately below the ball
room and will be accessible
from both Woodley road and
Calvert street.
The new swimming pool will
be located in the recreational
area of the hotel, Immediately
adjacent to the four champion
ship tennis courts, where there
are now shrubbery, flower beds
and an outdoor terrace patio
for dining, Mr.. johnson ex-
planned.
The swimming pool is expect
ed to be ready in June, with the
ballroom completed by early
January.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21
chrysIer Net
Increases

DETROIT, April 81 (AP).-
Chrysler Corp. on April 80 will
report sales and earnings in
this years first quarter higher
than in any 1858 quarter.
L. L. Colbert, president, SO
informed shareholders in an
address prepared for delivery
at their annual meeting today.
Mr.. Colbert did not disclose
figures. Net earnings in the
final 1858 quarter amounted to
nearly $11.5 million.
He said Chrysler will buy
735, 900 shares of a new stock
issue by Simca, French auto
concern.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21
RF&P CorIoodines
Up 500 in Quarter

RICHMOND, April 81 Cap -
Richmond, Fredericksburg and
Potomac Railway carloadings
during the first quarter were
5.3 per cent above the compar-
able period in 1858, the COM
pany'S stockholders were told
yesterday.
The railway president, Writ
P. Marks. jr., said all cate
gories have improved in freight
traffic" but passenger traffic
has declined.
Mr. Marks was reelected
president during the stockhold-
ers meeting. Eight of the rail-
roads nine directors also were
reelected. The ninth. former
Gov. John S. Battle, win con-
tinue as the States represent
alive on the board, Mr.. Marks
said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21
YOUR
MONEYS WORTH
Tight Money Coming Again
~ SYLVIA PORTER

a year ago the rate was under
2i1 per cent.
At these prices the Treasury
can borrow, but investors
aren't eager to lend to the
Government. And for two vital
reasons.
On one hand. the strong
business upswing so clearly
under way now makes 1t GER
tain that demands for loans
are going to swell.
The boom in BODYBUILDING
assures a record demand for
mortgage money. The squirt
in retail sales will force BUSH
nessmen to borrow to restock
their shelves with goods. The
decisions of corporations TO
increase their spending for
plants and equipment signal a
rising demand for capital to
finance the plants and equip
ment. The revival in the auto
market means more loans on
autos. The comeback in sales
of appliances. furniture. ETC..
spells more demand for all
sorts Of installment loans.
States and cities are borrowing
all-time peak amounts. And
the Government is competing
heavily and constantly for
cash as we'll.
FRS Is Determined
On the other hand, the Fed
eral Reserve System-which
controls the supply and cost
Of credit in the United States
is determined not to expand
the supply of money enough 90
cover all demands. For the
Federal Reserve is convinced
that if ell who want to borrow
can get loans easily and
cheaply, initiation breeding
forces will be encouraged, and
we'll take of on a new infla-
ton spree.
In its dedicated effort to use
every weapon at its command
to curb initiation the Federal
Reserve is likely to begin ex-
banding its operations to mop
up" funds in the banking sys-
tenn.
1t is also likely to raise again
the rate it charges member
banks for loans (the discount
rate) and thus spur banks to
raise the rates charged on
loans to you. Since last June
The Federal Reserve has boosted
its own loan rate three times
to a current level Of 3 per
cent; a fourth increase may
come almost any time.
On Monday. May 4, the
Treasury will tap its market
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21
FOREIGN EXCH'GE


NEW YORK, April 81 (AP) .--Foreirn
exchange rates, Great Britain in
dollars. others in cents. (Unchanged
unless otherwise rioted.l
market 37s per cent premium or
lO3.S7a U. s, cents up 4.
Europe: Great Britain (pound)
So, 81 25L32, up l 1872: 30-day futures
2.Sl 1872, up 1k32, 6O-day futures,
2.Sl 10 l32. up 1872, 90-day futures
Isl 9I3", up 1f32; Belgium franc
2,0Qss, up .00is: France (franc)
.20,s Of a cent: Germany (Westernl
Holland (guilderl 26.51I., Of .0O3t:
Italy 0iral 1914 of a cent: PortuRai
(escudol 3.5a, Sweden (krona) 1898.
Switzerland tfranc) Freel 23.15. Dem
mark krone 1855.
attn America: Argentina Free)
/ .3S, Brezil trree) N OF cent,
Mexico 500. Venezuela tBolivarI 30 90.
Far East: Hong Kong dollar 1885.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21

II viii be more expensive to
borrow money for your busi-
ness or your home or other per-
sonal activities this fall than
this spring.
The probability is that with
in a few months interest rates
will be the highest in more than
a quarter-century.
The likelihood is that the
Federal Reserve System soon
will turn the credit screws
again. act deliberately TO cut
down the supply Of money in
the banks available for loans.
The outlook is for a new
phase Of tight money" as the
business resurgence continues
and the supply Of money is cur
tailed while demands for credit
climb on all sides.
These are not casual fore
casts! What is to happen is
now being foretold in the
Treasury securities market
the market in which the Treas
ury borrows the money it needs
to pay Of maturing IOUs and
to cover its current deficit.
Market Is Bellwether
This market is the bellweth-
er of all the markets, the place
where experts seek clues to
trends in borrowing, interest
rates, etc. When, for instance,
the Treasury finds it harder
and more expensive. to borrow
money. it means other borrow
ers. big and little, are going
to find it harder and more ex-
pensive to borrow, too.
And right now the Treasury
is finding it more difficult to
get cash and more costly to bor-
row.
Today the Treasury is pay
ing 3ls per cent for 90-day
loans against lie per cent a
year ago. Today it is paying
37s per cent for one-year
money against under IL per
cent for identical loans in
April 1858. Today the going
rate to the Treasury for five
year loans is over 4 per cent; |
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21
George o. VaSs. Jr. Wins
Fleming Golf Trophy

George o. Vass, jr., assistant
cashier of Riggs National, won
the Robert ". Fleming Golf
Trophy in competition with
other area bank officers and
directors at the annual spring
meeting Of the District Bankers
Association at Columbia Coun-
try Club yesterday.
Mr.. Vass turned in a low net
score Of 70.
Second low net was scored
by william D. Blair, Bank of
Silver Spring. Third low net
was by P. Baxter Davis, Ma
tional Bank of Washington.
John M. Dalton. American
Security & Trust, had low gross
score. Thomas j. Broyhill,
First National of Arlington had
second low gross.
The putting contest was won
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21
Officers and Directors
Reelected at PEPCO Meeting

.kte-eiected at fEfCO meeting
Some 80.6 per cent of the
5,9i0,135 shares outstanding
were represented at today's an
nual meeting of the Potomac
Electric Power Co. held at 929
E street NV.
President r. Roy Dunn re-
viewed highlights of the years
operations and answered ques-
tons ranging from construc-
ton activities to the company's
participating in the develop
ment of an atomic power plant
in Monroe, Mich.
All the officers, headed by
Chairman of the Board Alfred
g. Neal and Mr.. Dunn were re-
elected. These directors were
reelected: George Bisset, Lee
d. Butler, James E. Collifiower,
Albert L Cox, Mr.. Dunn, Robert
v, Fleming, George E. Hamil-
ton, jr.. Mr.. Neal, Louis W.
Prentiss. Harry L. Rust. IT,,
Philip M. Talbot and Wilmer
J.. Waller.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21

for s4.5 billion TO pay OF some
maturing IOUS. It'll pay
one Of the highest rates since
the sos for the cash. Then
the signal Of what is TO come
win be apparent to all.
Distributed 1889 By The Han
syndicate. Inc. All Rishts Rsssrvsd.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21
Cronkite- Beattie Group
Buys Florida Station

Walter Cronkite, Columbia
Broadcasting System news COM
mentator: James S. Beattie,
advertising executive and John
Mark, Charlotte IN. CO. busi-
ness man, have purchased for
$4,000 radio station WDAT,
Daytona Beach, Fla. Subject
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21


market price Of the company's
common stock at the time the
conversion price is fixed.
The shares will be offered to
common stockholders at the
rate Of one for each IA shares
Of common stock outstanding.
The proceeds from the is
.suance will be used to help
finance new construction.
THE PUG set a maximum
s2-a-share fee for the UNDER
writers-an investment banking
group headed by First Boston
Corp. and Johnston. Lemon and
Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21
'' e BUSINESS
Cos Financing Wins
Commission Approval
BY WILLIAM H. MILLEN
star stan Writer

request by the Washington Gas Light Co. for offering
Of shares Of convertible preferred stock priced at 500
approved today by the District Public Utilities Commission
The maximum annual dividend rate was set at $4.75
The PUG also ordered that the initial price conversion
BEGINNING August 1859 shall least above the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21

by Richard G. Milbourne,
Suburban Trust Co. and the
runnerup was Richard w.
Brown, Riggs National.
Results we're announced by
John Mccormack Of Riggs Ma
tional, who is chairman Of the
associations Sports Committee,
at dinner which followed an
afternoon Of golfing.
The Maryland State Bankers
Association Golf Committee, Of
which j. Robert Sherwood is
chairman, is conducting a golf
tournament at the Prince
Georges Country Club today
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21
TREASURY BONDS

NEW YORK, April q (AP).-Yester.
days closing Over-the-c0unter U. S. Gov il.
eminent Treasury bonds;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21
-----'-'----------------------
OVER COUNTER

Washington listinRs on overtime
counter markets furnished by the Ma
tional Association of Securities Dealers
as of / pm, Tuesday, April 81,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21
Capital Increase Approved
For Peoples Life Insurance

william T. Leith, president
Of Peoples Life Insurance Co.,
announced today that the
company has received approval
from the District Of Columbia
Insurance Department for the
increase in capitalization voted
at the annual stockholders
meeting on March 10. This
provides for increasing the
capital from So million to sS.E
million.
The company's board of di-
rectors today declared a I625
per cent stock dividend payable
May rs to stockholders of rec
ord at the close Of business
on April 81. This stock divi-
dend will affect the distribution
of the additional $500,0O0 ir
capital.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21

to Federal Communications
Commission approval. it was
handled by Blackburn g. Co,
national media brokers. with
offices in the Washington
building.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-21


Subject to Federal taxes but not to
state income taxes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-24
Blue Cross
transfers to
Affect $50

About $50 people in nearby
Virginia are being transferred
to the Washington Blue Cross
Plan from the Richmond (vaJ
Plan.
Walter E. Thompson, ONCE
manager for the Washington
Plan, Group disqualification,
Inc, said the move viii SIM
plify administrative procedures
for Washington area hospitals
which participate in the plan
here.
The transfer may cost a
little bit more for the SUBJ
scribers involved, For example,
Mr.. Thompson said the best
individual family combination
Blue Cross-Blue Shield Plan
costs $3s.70 a quarter. The
same coverage under the Rich
mond Plan costs 1884 per
quarter.
Medical care In the Wash
ington area Is somewhat higher
than in other parts Of Virginia
which meant that these $50
residents were getting higher
cost care at lower cost insur-
ance.
The transfer is mandatory If
the residents wish to keep Blue
Cross insurance.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-24
Tukomu Park Council
Condemns Buildings

The Takoma Park City Coun-
Gil last night ordered the
condemnation Of several build
ings in the 100 block Of Lincoln
avenue as unsafe for human
habitation. 1t directed that
the structures be vacated within
go days.
The report of the Public
Welfare Committee to the coun-
Gil last night listed the build
ings as LOT, 100, i'll. l13, lis.
III and 119 Lincoln avenue
and the owner as Mrs. Mar
garet B. Murray.
The council action was taken
after inspections by Mont
gomery and Takoma Park
officials who reported that the
floors were unsafe, the build
ings termite infested and the
plumbing defective.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-24

requiring lengthy and expen'
sive condemnation proceedings
The measure, If passed, Il
expected to expedite purchase
Of badly needed public housing
sites.
Senator Bible, chairman Of
the Senate District Committee
also introduced a bill requiring
anyone with an injury or prop
erty damage claim against the
city to notify the District with
in go days after the damage
occurred.
The present limit is six
months.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-24

and i22 women students, DR.,
Colclough said:
Colclough said: The burning
question for us in the phantas-
magoria Of theological ac-
tivity; viii the light travel
through the gray and dark
areas to illuminate. or viii the
direction Of this movement be
the reverse? The answer viii
be found in the nature Of the
force which prevails-in one
direction. that of the degrading
concept that man is the servant
Of the state, in the other, that
Of the spirit Of man as an indi-
vidual, free, impelled by the
never-ending search for truth. "
University Marshal John F.
Latimer Led the academic pro-
cession. The Rev. James A.
Bryant of the Wisconsin avenue
Baptist Church pronounced the
invocation and benediction.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-24
Airline Pilot Killed
In Highway Collision

A Capital Airlines pilot was
fatally injured today when his
car smashed irto the REAR Of
"a tractor-trailer on Shirley
highway near Route Z.
Capt. Joseph Frank Fidel, "a,
of 7545 Axton street, North
Springfield, in Fairfax County,
died shortly after 8 am. about
i've hours after the accident.
Police said his car plowed into
the rear Of the truck as both
vehicles were travelling south on
Shirley highway.
The truck driver was identi-
fed by police as Riley L. Black
burn, So, of Auburndale. Fla.
They said the truck was trav-
cling at about 40 miles per hour.
Capt. Fidel's car speed was es-
timated at about 80 miles an
hour, police said. Police placed
no charges against Mr.. Black
burn.
Capt. Fidel few between
Washington and New York.
Buffalo and Atlanta. He had
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-24

been a Capital Airlines pilot
since 1851 and was named a
captain in January. 1857, Air
line officials said he had not
been on duty last night.
The pilot, who served in the
Air Force during World War
II, is survived by his wife
Janet and three children, Mi
chael, 4; Laura, 2, and Linda,
IS months.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-24
Alexandra Political Uproor Set off
By Washington Birthday Ritual

Broyhill is a member has moi
announced any candidate.
Mr.. Broyhill said he thought
it fitting and proper" to extoll
Mr.. Beverley at the ceremony,
II hope it will help him win
the election" the G. o. P,
Congressman added.
Mr.. Broyhill said he assumed
the @. o. P. would not put up
a candidate if Mr.. Beverley
won the Democratic nominal
ton; "but, If Boothe wins. it
is more than likely they will
run someone. He added, how
ever, that the final decision on
that score was up to the
Alexandria Republican Com
mittee.
1T is my opinion, however,
that a lot Of Republicans will
go into the primary to help
support Beverley" added Mr..
Broyhill.
Mr.. Broyhill and Mr.. Bever-
ley have exchanged political
pleasantrieS before. Mr.. Bev-
erley made it clear last fall he
was going to vote for Democrat
Joseph H. Freehill who ran
against Mr.. Broyhill only be-
cause he wanted to be qualified
to run in this years State Sem
ate Democratic primary against
Mr.. Boothe. Also, last year at
another affair Mr.. Beverley ar
ranged, he introduced Mr..
Broyhill as a Republican
Democrat" 1t is generally &C
cepted that the Republican
congressman enjoys support of
followers of Senator Byrd in
nearby Virginia. Mr.. Beverley
is a distant cousin of Senator
Byrd.
BOOthe Reaction
Mr.. Broyhill's com m ent S
brought quick reaction from
Senator Boothe, who said some
of his own friends included peo-
pie who had supported Mr.,
Broyhill for Congress.
II call upon them to join me
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-24
Dr.. Marvin Awarded
GWUHonororyDegree

DR.. Cloyd Heck Marvin. pres
ldent emeritus Of George WASH
ington University. last night
received an honorary doctors
degree at the university's vim
ter conyocation.
Fifteen hundred students,
faculty members and members
Of the Board Of Trustees stood
as DR.. Marvin received the de-
gree Of Doctor Honoris Causa
in Lisner Auditorium. DR.. Mar
vim, president Of GNU for 81
years, was presented for the
degree to Acting President Os-
valid s. Colclough by the chair
man Of the Board Of Trustees.
Robert v. Fleming.
ION January %, 1859. the
Board Of Trustees awarded the
status Of president emeritus TO
Or. Marvin, expressing regret
at his retirement and its great
Indebtedness for his years Of
distinguished service" Mr.
Fleming said. Tonight 1t is
altogether fitting and proper
that the university proclaim
him as her own"
He declared Mr.. Marvin, the
18th president Of the univer-
sity. stands out, both in length
Of service and In intimate
identification with all that the
university has done and for
which she stands.
In response, DR.. Colclough
said, "Cloyd Heck Marvin came
to the university a scholar and
an experienced educational ad-
ministrator. From the begin
ming, he found problems that
challenged all his power. To
the solution Of these problems,
he gave full measure Of devo-
ton, unwavering for nearly a
third Of a century by giving
unstintingly Of himself. his adj
ministrative skill, his grasp Of
economic forces, his insight
into political issues, and above
all his far-sighted and creative
educational craftsmanship"
In his charge to the 301 men
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-24
Senate Gets Bill
To Speed Buying
Of Housing Sites

A bill designed to make II
easier for the National Capital
Housing Authority to purchase
property for low-cost housing
was introduced in the Senate
yesterday.
The measure, introduced by
Senator Bible, Democrat Of Ne
vada, would remove from the
Alley Dwelling Condemnation
Act the provision preventing
the authority from paying more
than 30 per cent above assessed
evaluation for property.
officials pointed out this re-
striction meant that the au-
thority and property owners
could rarely agree on a price,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-24

in suggesting to him that he is
not also entitled to part of
Alexandria's seat in the State
Senate of Virginia. I do not feel
that q man who sits in place
of Federal power, who is not
a member of the Democratic
party, can appropriately tell the
Democrats of Alexandria who
they shall nominate for local
Office" said Senator Boothe
Senator Boothe said he had
been warned by Mr.. Beverley
over q year ago that he had
committed political suicide"
because he dared oppose Mr..
Beverley's machine.
Hits "ReardOn Ring"
Now I see this machine be-
ginning to arise from its hiding
place Last week, Ashby Rear
don acknowledged that he was
the father of the ring. Now,
Congressman Broyhill states
that he, too, is one of the num-
bers of the committee of selec-
tion," said Senator Boothe. He
called Mr.. Beverley's support
ers the "Reardon Ring" and
added:
MY reaction is as simple as
the issue. Like little David
with the slingshot of indie
pendence and the pebble of
truth l am ready, able and I'M
afraid to meet the entire host
of political Philistines with
their front man Goliath"
Mr.. Beverley snapped back
that he was proud to have the
support and confidence" of the
Organization led by Mr.. Rear
DON" He added that he appre-
ciated Mr.. Broyhill's praise and
"This I welcome, as I want
every Democrat, Republican
and independent to support
me-" added Mr.. Beverley who
is running on a segregationist
platform.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-24
Hotel Breuk-In Holds
Elevator Operator

An elevator operator at the
Alturas Hotel, 1909 Sixteenth
street NV, was charged yes
terday with breaking into four
rooms at the hotel, police said.
They identified the suspect
as Lawrence Kearney, 10, Of
the first block of Evarts street
NE. A pistol taken from q
guests room last Saturday was
found il his basement locker,
police said.