davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-02-28
SITUATI0NS-MEN

ACCOUNTING AND TAX SERVICE
For professionals and business
clients only Reas. Elk. 3-5651.
ACCT. orc. MGR, 80 yrs, diversi-
ned exper.: empl. by pub. acct,
des. 5 day. 500 vk. KE. 7-1Oss.
CT.-CONTROLLER, former agent
Internal Revenue: heavy acctg.
days, after 8. AP 7-O677.
ACCOUNTANT, B. C. 8. degree; 5
years exper. public accounting:
construction cost acct, once man.
agement; prefer business or ONCE
MANAGEMENT. Full resume on re-
quest Box lob, Star.
ACCOUNTANTS s-BOoRKEEPERS
We specialize in these positions,
ATLAS AGCY., 1920 N. Y. Ave. NV.
BATTERY MAN, exper.; make re-
WARING' RA. so0s54.
BOOKKEEPTNG AND TAX sERV-
ICE. y years experience: refer
ences. Phone IA 7-5s00
COOK, colored. exper. Good refs.
Ii 3-5257.
ECONOMIST, seeks new horizons IN
business world. or as consultant;
presently employed private in
dustry; considerable experience
senior q s Government positions
in Washington and Europe; uni
versitv teaching: effective speak
er, writer, organizer: challenging
opportunity more Important than
Initial income. Box 72-T, Star.
EUROPEAN, white, sober, widower,
gO0d dfSr{plfpa end fpfoI{oapca.
desires a Job as porter, watchman
or janitor. Please write Box 69-T,
FOREIGN TRADE SPECIALIST,
Al. desires position in con-
sulting firm or q trade associa-
ton having research work. Box
5S-B, Star.
NsURANCE-Interested in part
time selling. with objective as
full-time agent: presently en-
ploysd. For resume, write Box
JANITOR OR PORTER-Have
been at that kind OF work all my
life. Excel refs. AD. 2-33a9.
LINOTYPE OPERATOR-over o5
yrs. exp, fast, accurate, sober
reliable Part-time. ewes, As:
Sat. or Sun. any hrs. Box 65-T,
Star "S'
MAN, white. wants work. Depend
able Good refs. VIII furnish car.
ia. 9-@965.
MAN DESIRES WORK Of any kind;
local refs. TU. 2-432s
MAN, desires Job as truck driver or
refs. Call AID. 2-4O9G.
MANAGER HOTEL, as years old,
married, no children: 80 years
experience. Preferably summer re-
sort. Box 454-B, Star.
MEN AVAILABLE for yard work,
houseWork, painting. etc. Phone
NGHTwORK, coiored. "a, reliable;
eXper: PIX. elevator. desk clerk,
etc. TU. 2-15B3. 2S'
PART TIME, white, 90, character
refs; bondable, yirsatile. de-
pendable have car: $40 pm.
eve. and Sat. Salary, UN. 4-3l 3S.
PROF. CREATIVE ARTIST DE
SlGNER wishes limited free-lance
art work ewes. Versatile. neat.
last; ResS. rate. 10. l-5l72 ewes,
PURCH. AGENT, expeditor, estima-
tor; age "a. yrs. eXper. const..
lumber yds. and glazing; best
refs. WE. 5-O664 2S'
RELIABLE. COLORED MAN, de-
slres any kind of work. Refs.
5ll M st. ne, Ii 6-4l19.
VETERAN, colored, part time, night
or day guard. LU. 1-5767.
YOUNG MAN. colored. desires work
In Storeroom, warehouse, hotel or
restaurant. Exper. Ii. 1888.
COLORED MAN desires day's work,
house cleaning and yard work
or full-tlme Job. LA. 6-s029.
C0LORED MAN wants Job as truck
drlVer or helper; 10 yrs exper
mas ID. c, Nd. and Va. chauffeur
license. LU. 4-3336.
Evening star., 1960-02-28
HELB-n0MESIIl
IcoNIINuEpl

C0LORED WOMAN. reliable. TO
make home wLeolored family, car
rm. and board with salary. Must
have ref. health card. Ii. 6-6670.
Evening star., 1960-07-07
Stadium Bonds
Sold 10 Chase
Bank Group

An offering of $1e.s million
Stadium bonds by the District
Armory Board was awarded
today to a group headed by the
Chase Manhattan Bank on a
bid of 100.l5999 for a 4.2O per
cent coupon.
The award is subject to ap-
proval by the Treasury, ex-
pected later today.
The term bonds maturing in
1879 will be reoffered to the
public at 100.65 to yield AIS
per cent to maturity.
Folger, Nolan, Fleming-W. B,
Hibbs & Co. was the only WASH
ington member of the group.
Competitive bids were opened
at the Armory and the award
was made at noon. Demand
for the new securities was re-
ported strong.
Prior to the offering the
bonds were given top ratings.
Moody's Investors Service clas-
'sif1ed them as AAA and Stand
ard g. Poor's accorded them an
Al plus rating.
Evening star., 1960-07-07
Food Executive
Calls Advertising
Stores LifebIood

CHICAGO, July 7 (AP)-
A food store executive declared
today that when a firm stops
advertising it begins to stop
living commercially.
"The man who sells adver-
tising short is a fool" Orville
w. Johler added in an address
at an IGA food store seminar.
Mr.. Johler is vice president in
charge of advertising and mer-
.chandising for the IGA group
of more than 5000 outlets.
THE business executive who
looks upon advertising and
public relations as a necessary
evil, nine times out of 10 is
master of a ship that has
stopped or is sinking" he said,
and added:
Never allow your newspaper
food pages to become common
place. See how you can improve
them because the perfect ad has
yet to be written. Remember.
those newspaper food pages
spell store traffic, and the life
blood of any commercial Or
ganization is traffic"
Evening star., 1960-07-07
Tox-Exempts Given
Broader Appeal

Placement of a large volume
of tax-eXempt bonds in the
first half of this year has meant
they have had to appeal to a
widening group of investors,
those to whom tax-exemption
has less value, declared the
mid-year review of Hasley,
Stuart & Co.
Bonds have been priced
where they no longer are ex-
clusively a rich mans invest
ment. AS they have become
more and more competitive
with taxable securities, they
have attracted investors of more
modest income" the review de-
clared.
While the six months volume
was off $3.50 million from a year
earlier, the total piled up to
$4,076,000.000 even without
benefit of many big revenue
issues as in 1858 and 1859,
it added.
Merrill Lynch, Pierce, Fenner
& Smith has compiled new re-
views of Haloid Xerox and G. D..
Searle & Co., Harris Upham &
Co. is distributing a study of
United Corp. Reynolds g. Co.
has reviewed R. j. Reynolds To-
bacco Co.
Evening star., 1960-07-07
Treasury Pays 1880
On 252-Duy-BiII Issue

The Treasury announced it
will pay an average interest
rate of 1928 per cent on $3.5
billion borrowed through a new
issue of 252-day tax anticipa-
ton bills.
Lenders bid for the bills at
an auction yesterday and Of
fered to buy $4,392, ,203, 900
worth of the securities. How
ever, the Treasury accepted
only enough of the best offers
to raise the needed money.
Bids were for less than the
face amount of the bills, which
will be dated July 13 and will
be dated July 13 and will
mature March %. The dis
count represents the effective
rate of interest.
Evening star., 1960-07-07
Bank Loans Expand
While Deposits Lag

Gross loans of Washington's
three largest banks are running
B.5 per cent above a year ago,
while deposits are around 8 per
cent behind, data from the
Federal Reserve Bank of Rich
mond indicated today.
Loans of Riggs National,
American Security & Trust and
National Bank of Washington
totaled $548,272,0O0 on June 90,
OF slightly from $548,945, 900
a week earlier. but we'll ahead
of $505. 1893 900 on July 8, 1859,
when compilation of these fig
ures started.
Deposits totaled $1,048,422,-
900 on June 20 VS.. 81 ,061,711 900
a week earlier and were 3 per
cent behind $1,086, ,422, 900 on
July 8 last year.
Investments of 1882 500, 900
were up slightly from 1881 ,813,-
900 a week earlier, but 1872 per
cent below $45l,115,0 900 in July,
1859.
Evening star., 1960-07-07
D, c. First Mortgages
And Deeds Decrease

First mortgage flnancings
and property transfers Jagged
well behind a year ago in the
District for the first six months
of this year, according to data
from Justin flinders, execu-
tive vice president of the Wash
ington Real Estate Board.
First mortgages totaled 4,618
and amounted to $106,658,462
in the six months, compared
with 5,232 for $135,720,805 a
year ago. Deeds or property
transfers totaled 6,433 VS.. 1902
in the same 1859 period. Fore
closures numbered 294 VS.. 1853
a year ago.
June first mortgages or deeds
of trust numbered 989 and
amounted to $20,481, 1897 VS..
1,045 for $29,341,180 in June
last year. June deeds totaled
1,348 VS.. 1929 a year ago and
June foreclosures numbered As
VS.. SO,
Evening star., 1960-07-07
Ha|seyWins
Illinois Bell
Bond OFFERING

NEW YORK, July z (AP)-
A group led by Halsey, Stuart
& Co. yesterday won $50 mil
lion of Illinois Bell Telephone
Co. first mortgage bonds in
extremely close bidding.
The winning bid was 1912
for a 4.875 per cent coupon.
The runnerup bid of 101.318
was submitted by Morgan STAN
ley & Co. and was $1,000 lower
on the whole issue.
Halsey Stuart will reoffer
the bonds at 102.168 to yield
ATS per cent. The net interest
cost to the utility will be about
I4.8 per cent compared with a
cost of 4.36 per cent paid by
the company on a $50 million
issue in February 1859.
NEW YORK, July 7 (AP)-
The Wachovia Bank & Trust
Co. of Winston Salem, NC. and
associates yesterday submitted
the apparent best bid for $l0,-
695,000 of North Carolina
Capital Improvement bonds.
The bid was 100 for coupons
of 4, 3 and 1.9 per cent. This
would set the net interest cost
to the state at 3.01 per cent.
Subject to award the bonds
were reoffered to yield from 90
per cent in 1871 to 81 per cent
in 1880.
NEW YORK, July 7 (AP).-
A group headed by the Chemi-
cal Bank, New York Trust Co.
and Glore, Forgan & Co.. today
submitted the apparent best
bid for $37 million of Chicago
general obligation bonds.
The bid was 100.O3299 for
coupons ranging from 3.5 to S
per cent, setting net interest
cost to the city at 3.602285 per
cent.
The last time Chicago bor-
rowed in the bond market, in
April, the net interest cost was
3.5955 per cent.
Subject to award the bonds,
Evening star., 1960-07-07

buy stock in the Baltimore &
Ohio Railroad. No date or site
has been set for the meeting.
Brunswick Corp. agreed to
purchase the Larson Boat
Works of Little Falls, MINI.
and its subsidiaries.
Morgan Guaranty Trust Co.
elected Robert T. Stevens a
director. He is president of j.
P. Stevens & Co. and a former
Secretary of the Army.
Earnings
Chase Manhattan Bank in
6 months ended June 80 earned
$36,699,253 or $2,73 a share VS..
$29,429,550 or $2.19 in 1859
period.
Superior Oil Co. in 9 months
ended June 80 earned $18,-
549,584 or $43.96 a share VS..
S22,97l 800 or $54.40 in 1859
period.
Appalachian Power in IL
months ended May 13 earned
$l9,786,646 VS.. $19,386, ,967 in
1859 period.
International Shoe in 6
months ended May 81 earned
$4,775.529 or $1.41 a share VS..
$3,881,210 or $1.16 in 1859 pc
riod.
Plough, Inc, in 6 months
ended June 80 earned $1,625,-
900 or $1.23 a share VS.. $780,
600 or $l.02 in 1859 period.
Evening star., 1960-07-07

~ per cent ABOVE SITS, 1884, ,448
on June 80 last year, reported
Edward C. Baltz. president and
chief executive officer, today.
Assets reached a new high of
$353,379, ,789 on June 80, an
increase of 3.3 per cent from
$342,297.617 on December 81
and los per cent above $3l9,-
713,766 on June 80 last year.
The faster flow of savings
into Perpetual in the six
months took place while Per-
petual paid out almost Sc mil
lion of dividends. Total divi-
dends at the rate of 4 per cent
per annum are expected to
exceed $12 million for the year.
They are compounded quar-
terly.
The Perpetual report also
disclosed that 122,648 persons
had savings accounts in the as
Sociation on June 80, compared
with 117,735 on December 81
and 115,905 year ago. The
savings total represented an
average of around $2,500 for
each account at mid-year.
Perpetual held $319,334,O18
OF real estate mortgages on
June 80, a rise of "a per cent
from $311, ,950,070 on December
81 and ia per cent ahead of
$2S6,317,805 on June 80 last
year.
Reserves stood at a new peak
Of $24,258,076 on June 80, up
4.3 per cent from $23,254,17l
at the end of 1859 and 10 per
cent ahead of $22,069,40s a
year ago.
Perpetual continues to rank
among the largest savings and
loan associations in the Ma
ton.
Evening star., 1960-07-07
CHICAGO
LIVESTOCK

:. CHICAGO. July 7 (AP) (UsDA).-
Hogs 1000: slow butchers steady Ia
20 lower; sows steady to weak; fairly
good shipping demand: mixed lots / >
i9O-22O lbs 17.75-1S.00, around 400
head at 1900; mixed lots I-3 and
2-3 10000 lbs 17.25-17.75; mixed
Id and 2-3 230-240 lbs 1901 80;
I'd and IS 24O-210 lbs 16.5O-l7. .25:
2-3 and IS 27O-3OO lbs i6'00-16, 7S:
mixed grade 2-3 and IS 300-40O ID
SoWs 14.00-l5.75: a few 1-3 2S0-32O
10 soWs 10.75-l6.00: 2-3 and IS 400.
800 lbs 12.75-14 90.
Cattle 800; calves none: SLAUGHTER
steers fairly active, steady to 25 high
strong bulls steady to weak: vealerS rs
and stockerS and feeders steady: load
lots .3ssrs average to high choice Slaughter
mixed mike .rSS good "a AND choice 2475-25.50;
ly utility $50 lbs 1000: load Of
choice with prime end $50 lb heifers
20, ,25; a few loads and lots mixed good
and choice and choice heifers 24.00-
25,25; few good heifers 81 .5O-23. so;
utility and standard 16.50-21 90: util-
lty and commercial cows l4.25-l6. 90:
Gamers and cutters l3.0O-16.7 rs; util-
lty and commercial bulls 975-21 so;
a rev good vealers 24.00-26.00: culls
down to 1900; a load of mixed good
and choice 765 lb feeding steers "a SO:
load OF good $50 lbs % 90: several
lots mostly good 550-675 lbs stock
steers 90 25-24.OO.
Evening star., 1960-07-07
YOUR
MONEYS WORTH
sY SYLVIA PORTER

soaring. Aumping or moving
sideways.
Another $13.7 billion a year
in personal incomes is going to
individuals in the form of
dividends on stocks, triple the
amount paid in dividends 20
years ago. Those getting this
income aren't directly earning
it. Another $25.2 billion a year
is being paid in the form of
interest income, another S12.2
billion in the form of rental
income.
There may be some argument
about the precise percentages of
personal income going to nom
workers. but the fundamental
point is indisputable. Never
have so many received so much
without working. Never could
the economy depend so heavily
on automatic and immediate
spending of the incomes by the
nonworkerS.
Distributed 1850 by The Hall
Syndicate, Inc. All Rights Reserved.D
Evening star., 1960-07-07
Defense Contracts
Awarded to MeIpor

Melpar, Inc, nearby Virginia
subsidiary of Westinghouse Air
Brake Co., has been awarded
two contracts for detection de-
vices and systems.
The electronics firm will pro-
.duce target detecting devices
under a STA million Bureau of
Naval Weapons contract as
signed to Walter H. Rogers,
project engineer of Melpar's
Columbia Pike production de-
.partment.
Under the second contract,
the physical sciences laboratory
will design warnings and detec-
ton systems and subsystems
for the Army Chemical Center.
First phase will be directed by
Donald M. Macarthur, lab Sec
tion head.
Evening star., 1960-07-07
New Building Started
BY Atlantic Research

Atlantic Research Corp. of
Alexandria, Va, yesterday
broke ground for a second ma
jor building at its headquarters
site, Shirley highway at Ed
sail road.
The 10000 square-f o o t
structure will provide Office and
plant space for expanded ac-
tivities of Janksy & Bailey,
Inc, an affiliate, and Desc
matte Corp, a recently ac-
quired subsidiary. A staff cafe
terra and Offices for several ad-
ministrative units of the par
Evening star., 1960-07-07

ent company also will be
housed in the new structure.
Wilbur Smith, manager of
operations, said construction
will start Immediately and in
itial occupancy is expected this
coming fall. The new two and
ree-story, E-shaped struc-
ture has been designed by
Architect Alfred E. Kastner.
The Edsall road facility will
have $4,000 square feet when
the new building is completed.
This is more than four times
the $4,000 square feet origin
ally planned for it. 1t was
occupied for the first time last
year.
Evening star., 1960-07-07
Redmond, Netrebu
Form Investment
Banking Firm

j. Woodward Redmond, who
has been in the securities bust
ness here for a number OF
years, has organized a new in
vestment banking firm, j. w
Redmond & Co., with Offices
at 734 Fifteenth street NV.
Mr.. Redmond and Sydney S.
Netreba will be partners in the
new firm, which will specialize
in economic and investment
research in the growing areas
of science and technology.
Mr.. Redmond previously was
manager of the Washington
office of deVegh & Company
investment counselors. Prior
to that he was a partner in
Mackall & Coe., and also was
associated with Goodwin g.
Olds.
Mr.. Netreba previously was
chief economist for devegh &
Company. Before that he was
chief economist for C-E-I-R,
Inc.
The new firm is a member
OF the National Association of
Securities Dealers.
Evening star., 1960-07-07
Ad Club Approves
Chance in Name

Members of the Advertising
Club of Washington, D. c.,
yesterday voted to change the
bylaws to permit adoption of
a new name, the Advertising
Club of Metropolitan Washing
ton.
President John Panagos said
the club felt the name was
more descriptive of the clubs
membership, which includes
many organizations with Offices
in Virginia and Maryland Su-
burbS.
Evening star., 1960-07-07
BY WILLIAM MacDOUGALL
Star stan Writer

A Washington teacher says
most executives waste too much
time in the course of a normal
days reading.
Mrs. Elaine Cherry, training
officer for the FEEDER al Aviation
Agency, believes most execu-
tives could improve the eff
cheney of their reading in the
same skillful way they step up
business operations.
"An executive has to spend
so much of his time in meet
ings," she declared, "he only
has a limited amount of time
to spend at his desk. He can't
afford the luxury of wasting
time. He should practice dis
criminate reading"
Most business reading, she
said, falls into three categories:
That demanding close study,
another kind for general in
formation, and third which
necessitates only quick skim
ming. -
Follow Pattern
Many executives read every
thing alike, she said. No matter
what it is-an inconsequential
memo to an important article
in a technical journal-he nor
mally starts with the first worc
and ends with the last, reading
all the way through in school
room order.
She insists there's a better
way. This is the technique she
recommends:
/. Skim the article first. Read
the first paragraph, the key
sentences at the beginning OF
Evening star., 1960-07-07
BUSINESS BRIEFS

Bank Clearings in Is leading
cities in the week ended July
6 totaled $24,061,015, 900 COM
pared with $27,063, ,666,000 in
the previous week and $22, ,767,-
100000 in the like week a year
ago.-Dun & Bradstreet.
Electric Power Production in
the week ended July 2 totaled
14,247,000,000 kilowatt hours
compared with 14,213, 100000 in
the previous week and 13,124,-
100000 in the like week a year
ago. - Edison Electric Insti-
tute.
Business Loans by member
banks in the week ended June
20 totaled 25,000,000, up
SIT million from the previous
week and up $3,143, 900, 900
from the like week a year ago.
Federal Reserve Board.
Class I Carriers had an eSti-
mated income of SAT million in
May compared with $72 mil
lion in May, 1859; for 5 months
$195 million against 1884 mil
lion a year ago.-ASsn. of
American Railroads.
N. Y. Cotton Exchange an
nounced F. Marion Rhodes,
former Agriculture Depart
ment official, had been ap-
pointed to an executive posi-
ton.
AvcO Corp. announced John
Mihalic of Nashville, Tenn,
had become president of it's
Crosley Division. He succeeded
F. C. Reith, who died of a
gunshot wound at his home re-
Gently.
N. Y. Central Railroad will
call a special stockholders
meeting to vote on an offer to
Evening star., 1960-07-07
Savings Bond Sales
Exceed Year Aoo

For the second consecutive
month. sales of United States
savings bonds exceeded a year
ago in June. while redemptions
were behind 1859 levels.
June sales totaled $340 mil
lion VS.. 1923 million in June
last year. June redemptions
amounted to $438 million VS..
$470 million.
Holdings of E and H bonds
moved up by $21 million in
June. 1t was the fifth con-
secutive month in which they
have expanded.
Evening star., 1960-07-07
Holdings Sold

NEW YORK, July 7 (AP).-
American Broadcasting Para
mount Theatres, Inc. today sold
for SIS million its 81 per cent
interest in Disneyland Park,
the California entertainment
center. The buyers were Walt
Disney Productions and Dis
neyland, Inc.
Evening star., 1960-07-07

to $12,81l,031. a gain of IL
per cent from $11 ,957, ,769 a year
earlier. Mortgage loans aggre-
gated 3,560,060, a rise of l0.6
per cent from $12,257, ,097 on the
same date last year.
Reserves totaled $1,318,320
on June 80, an increase of l1.3
per cent from $1,184.78s on
June 80. 1859.
Evening star., 1960-07-07
Capital City Savings
Tops SIS Million

Assets of Capital City Savings
and Loan Association reached
a new high Of $15,014,744 on
June 80, an increase of 7.3 per
cent from $13,998,4 ,438 on the
same 1859 date, reported Jack
Riley, executive vice president
and secretary.
Invested savings amounted
Evening star., 1960-07-07
Pay for Non-Work

Eighteen to 20 per cent of all
the personal income in this
country today is going to Amer
leans who are not working.
Fully 7 per cent of all per-
sonal income is being paid by
the Federal Government to in
dividuals. primarily in the form
of social-security pensions, vet
erans' benefits, and the like.
Another big chunk is being
paid by private corporations to
owners of stocks in the form of
dividends. Other chunks repre-
sent interest going to people
who own bank accounts, bonds,
etc., to investors who have
properties which pay them rent.
So important is this type of
personal income becoming that
Fortune magazine actually calls
mot working" the fastest grow
ing major occupation" in the
United States today. The num-
Der of nonworkers has about
doubled in the past 10 years.
Economic Force
The swelling army of Ameri-
cans paid for nonwork is not
just a phenomenon of concern
to those in the army. The non
worker is an economic force, a
new and increasingly potent
stabilizing factor.
Let's be specific. When the
Commerce Department issued
its last report showing personal
income running at an annual
rate of close to $400 billion, it,
as always, broke down the total
to show the sources of the in
come. BY far the largest per-
centage, of course, consists OF
wages and salaries. And the
next biggest amount consists
as you might guess, of pay
ments to individual business
men, doctors, lawyers, other
self f-employed.
After wages, salaries anc
proprietors' incomes are sub.
tracted from the total, though
a substantial amount of the
$400 billion is left. and here i;
where the story lies.
At least $28 billion a year ir
personal income is going to in.
dividualS in the form of trans
fer payments"-officially de-
fined as payments not re.
sulting from current produc'
ton" and consisting mainly
of social insurance benefits anc
veterans payments"
Z Per Cent of Total
This represents 7 per cent o.
the total compared with under
S per cent as recently as 1851
per cent in 1910, only 2 pei
cent in 1929.
/ These billions are being paiC
to nonworkers and those re-
ceiving the incomes get then
regardless of whether business
is in a boom or a bust. What
more. these billions are spen
by the nonworkers regardless
Of whether the economy i
Evening star., 1960-07-07
Goodrich Assigns
Blake to Colombia

William r. Blake, former
manager of the Washington Of
fee of international B. F.
Goodrich, has been elected
managing director of the COM
pany'S subsidiary, Industria
Colombiana de Llantas, SD, in
Bogota, Colombia.
Mr.. Blake Joined Goodrich in
1887 in the Washington tire
sales division and became gen.
eral manager of operations in
Puerto Rico in 1856.