davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-06-30
Helicopter Corp. Files
Plan for EXCHANGE

Helicopter Corp. of America,
of Washington has filed a regis
tration statement with the SEC
seeking registration of 1864
shares of common stock.
The company proposes to Of
fer this stock in exchange for
outstanding common stock of
oppi-Copters, Inc, on the
basis of one share of Helicopter
stock for each ten shares of
Hoppi-C -Copters stock.
Helicopter was organized un-
der Maryland law in February
1856. 1t has no Offices, manu-
featuring facilities and no en-
ployeS.
Its general counsel, Robert
SheriffS Moss, furnishes office
space and a meeting room in
the Bowen Building. 1t proposes
to engage in further develop
ment. manufacture and sale of
a one-man coaxial nelicopter,
known as the Hoppi-
Evening star., 1960-06-30
GCS Holders Elect
Two New Directors

Stockholders of Greenbelt
Consumer Services, Inc, which
operates Coop stores in this
area, elected George Weber of
Alexandria, Va, and Benjamin
RoSenzweig to the board of
directors at the annual COR
poration meeting at Beltsville,
Md.
The new directors replace
Lawrence Oosterhous of Ia
koma Park and Rev. Robert
Hull of Greenbelt. Reelected
for two-year terms were Rob-
ert T. Bonham of Rockville,
Donald H. Cooper of Wheaton
and Edward Weinberg of Ia
koma Park.
Mr.. Weber. analyst with the
National Security Council, will
serve his first term on the Csc
board Mr.. Rosenzweig, stand
ards engineer with the Secre-
tary of Defense, has served
previously.
Evening star., 1960-06-30
PEOPLE
BUSINESS

Ralph I. Cole of Melpar has
been elected vice president for
the 1861 convention of the Ma
tional Aeronautics and Elec-
tronics Conference. He is man.
ager of military project plan
ming at Melpar.
Herbert C. BIunck, manager
of the Statler Hilton Hotel, is
representing the American
Hotel Association at the execu-
tive committee meeting of the
international Hotel Associa-
ton in Paris this week.
William A. StringfelIow, as
Sistant general manager of the
National Association of Mutual
Insurance Agents here, is
teaching a class in communi-
cations for professional groups
at the Institute for Organiza-
tional Management at the
Michigan State University.
Harry r. SwitZer. assistant
vice president in the business
development department of Su-
burban Trust Co., was grad
uated from the Stonier Grad
uate School of Banking at
Rutgers University recently.
Matrin COdel, former pub
Usher of Television Digest and
now a consultant, has returned
to his Office in the Solar Build
ing after survey of TV poten-
tials in Africa and the Middle
East for Radio Corp. of Amer
ica.
Norman r. Miller has been
named manager of the Budget
Finance Plan Office in Coral
Hills, Md.
Ralph G. Craig of Silver
Spring has been appointed sales
manager for Teletray Electron-
les System, Inc.
Evening star., 1960-06-30
Robinson Named
President of Area
Industrial Group

DR.. Herbert W. Robinson,
president of C-E-I-R, Inc, was
elected president of the Greater
Washington Industrial Council
at a Presidential Arms dinner
last night.
Other new officers: Stuart
Bailey, president Of Jansky &
Bailey, Inc, and Anthony Hass,
president Virginia Electronics
vice presidents; Albert Cohen,
president, Virginia Electronics
Co., Inc, secretary; John H.
Richardson, secretary -treasur-
er Rosslyn Steel & Cement Co.
treasurer.
Elected to the executive COM
mittee were: DR.. Arch c. Sour
lock, president Atlantic Re-
search Corp; John c. Layton,
vice president Cooper Trent,
and Ralph B. Williams, vice
president Ewing Lumber &
Millwork Corp.
Evening star., 1960-06-30

total for the year. This
brought the total such con-
tracts for the first half of 1860
to $11, 1,362,000,000, or 9 per
cent ahead of last years pace
and close to the record set in
1956.-Engineering News-Rec-
ord and Construction Daily.
Earnings
Aer0;et- GeneRil Corp. in the
tx months qn led May 81.
earned $4,456,555. or 81 cents
a share, VS.. $3.3S2,66l, or SO
cents a share. in the 1859
period.
Atlantic Coast Line Railroad
in the five months to May 81
earned $5,697, 900, or S2.l7 q
share. VS.. $6,162,000, or $2.34
a share, in the 1859 period.
Other earnings: ,
For 5 Months Ended May 81
Louisville g. N s4,705,27o SS,4Si. eos
Per share leg 2RS
Indn HID Mills 1,425,000 1900, 900
Per share 2.1S l75
For Year to April 80
Allyn & Bacon 739,777 517.0ls
Per share los OF
For I2 Months to May 81
G States Utils 16,536,652 14,76s,s4S
Per share 1.4l lee
Illinois Power 20,615,563 17,1sS, ,43s
Per hare 2SS 2.35
Ohio Power Co 22,l05.3l2 2O,62s,393
Penn Pwr&Lt- 25,712,Ol4 24,275,355
Per share 1.76 I65
Phils Elec Co 43,529.s1s 40,627,4T7
Per share 2.e5 287
Evening star., 1960-06-30
YOUR
MONEYS WORTH
Industry Helps Get Out the Vote
" SYLVIA PORTER

the companies are giving some
time of, against so per cent
doing this in 1856.
OF those having a time-off
policy, 10 per cent are giving q
full day off with pay; II per
cent are giving pay for time
that is needed; II per cent are
giving two hours off with pay;
another ii per cent are giving
one hour off with pay. A pro-
vocative sidelight is that on
time-off allowances and pay
for time off, Office employees are
being treated more leniently
than plant workers.
Other moves being made are:
Bulletin board announcements,
% per cent of the companies
surveyed; house e-organ special
features, Is per cent; general
letters to employees, 6 per cent;
supervisory discussions, 5 per
cent: posters and reading rack
special bulletins or booklets, 8
per cent. And some companies
are running voting essay con-
tests, passing out literature
with paw checks. sending special
letters.
Argue Effectiveness
There is considerable dis
agreement about how effective
the get-out-the-vote campaigns
are. Only A per cent of those
surveyed think they are effec-
tive. There is sharp disagree
ment on time-off policy. AS
an Illustration, a Cleveland
corporation executive says,
THE paid time of will def
.nitely be an aid to getting out
the vote" while an Omaha
Executive says it's 'just an
other device employed to get
an extra hours pay without
working for it,"
Going over its survey results,
Dartnell doesn't find them
especially impressive, reports:
1T looks like business as usual
this presidential election year. "
Perhaps, though. this report
will spur you into weighing
what is being done in your own
Office or plant to get out the
vote. Perhaps it will remind you
that you'll be mocking all the
excitement and meaning of the
July conventions and election
campaign If you don't go to the
polls in November.
Sundays, Don't Print That"
Distributed 1860, by The Hail syndi.
cate, Inc. All Rights Reserved
Evening star., 1960-06-30

Country Club golf course at
Springfield, Va, Saturday.
MY dreams have come true"
reads his invitations. AS a
youth. one of his ambitions
was to own his own golf course.
Mr.. Carr acquired the origi-
nal tracts for his Springfield
developments in 1947. The
course, now 9 holes, will run
l8 holes on completion and will
cover l65 acres, including three
man-made lakes of II acres.
Jack WeStland, United States
amateur golf champion of 1854,
Dean Beaman, British amateur
open champion, Fred Mcleod,
golf professional at Columbia
Country Club and Mr.. Carr,
will tee off for an AL star"
foursome at the opening.
Evening star., 1960-06-30

War II, he entered the service
shortly before the attack on
Pearl Harbor and was dis
charged a major in combat air
intelligence.
He served with a B-29 group
in India before his transfer to
Tinian, where the outfit par
ticipated in air strikes against
Japan.
A fourth generation Wash
ingtonian, he is a graduate of
Wilson High School and Yale
University. He went to work
for the company after the war
and succeeded his father as
president in 1858.
Both he and his partner,
Richard England, merchandise
ing head Of the Hechinger Co.,
are active in civic affairs-as
was Sidney Hechinger.
SwimS and Rides
Mr.. England, who is John
Hechinger's brother-in-l law, is
president of the board of trus-
tees Of Goodwill Industries, and
Mr.. Hechinger is a member of
such groups as the United
IGivers Fund, the Health and
Welfare Council, the Washing
ton Hebrew Congregation and
the Boys Club.
His hobbies, according to Mr.
Hechinger, include riding anc
swimming. which keep him as
f1t at 40 the is 6 feet tall ano
weighs ITS poundS) as he was
at 20.
But. despite the fact thai
the Hechinger Co. pioneered
many do-it-yourself techniques
Mr.. Hechinger admits he sell
dom indulges in that hobby
I'm an accomplished home
repair mechanic, though" he
hastily added. in
Evening star., 1960-06-30
NewburgQuts
As President
OF Chrys|er

DETROIT, June 80 (AP).-
William c. Newberg resigned as
president of Chrysler Corp, to-
day after holding the job only
two months.
L. L. (Tex) Colbert was re-
elected to his old job as presi-
dent. Mr.. Colbert had been
elevated to chairman of the
board when Mr.. Newberg took
over as president.
The changes were announced
today at Chrysler board meet
ing in New York.
The board said Mr.. Newberg
quit in a difference of opinion
on certain corporation policies.
There was no elaboration.
E. C. Row was elected first
vice president. A statement by
the board said:
Mr.. Row has been active in
the rebuilding program of the
company since 1856. From 1856
to 1858 he was administrative
vice president of Chrysler Corp,
and from 1858 to 1860 first vice
president. Mr.. Newberg re-
ported directly to Mr.. Row from
1856 until Mr.. Newberg was
elected president in April.
1850"
Mr.. Newberg had been ele-
vated to the presidency on April
%. Mr.. Row had been left
as an executive of the company
but with no title. 1t was un-
derstood he would retire later
this summer.
Although Mr.. Newberg had
been given the title of presi-
dent, indications had been
strong that Mr.. Colbert retained
strong control.
Mr.. Newberg also held new
post as chief operations officer.
Evening star., 1960-06-30
BUSINESS
BRIEFS

Commercial and Industrial
Loans at reporting member
banks in leading cities in
creased by $93 million during
the week ended June %, raising
the total of such loans at these
banks to $31,619,000,000. So
far this year such loans have
increased by $1,154, 900, 900 VS..
an increase of 1911 million in
the corresponding period of
.1959.-Federal Reserve Board.
Life Insurance in force at the
start of the year totaled about
5000 billion-more than double
the national debt-and held by
1877 million Americans.-In-
stitute of Life Insurance.
TransistrOn ElectrOnic Corp.
said it had received a SIS mil
lion contract from Autonetics
Division of North American
Aviation, Inc, for development
Of igh-reliability diodes and
silicon transistors for the guild
ance systems in the Minute
man missile.
Renault Cars sales in the
first 20 days of June weEs 20
per cent higher than in the
first 20 days of May. Sales
of the Dauphine model were
up 221a per cent.
Gasoline Production dropped
by 427,000 barrels last week.
Daily average gross production
Of crude oil and lease conden-
safe fell by 19,700 barrels to
6.8l9.860. A year earlier it
totaled 7,o25,o75 barrels
American Petroleum Institute.
Check Transactions in 2e
major cities in the week ended
yesterday totaled $27,078,771,- :
900, VS.. $30,513.308, 900 the
previous week and $26.0l8.034,- :
900 a year ago.-Dun 81 Brad
street.
Heavy Construction Contract
awards reported for the week
ended Monday totaled $685.
million, second highest weekly
Evening star., 1960-06-30
Anocostio National
Increases Loans

Loans and discounts of Ana
costa National Bank were 10.7
per cent above year ago on
June Is, date of the recent
bank call, a statement from
President A. Scott Offut showed
today.
They rose to $14,164,744 on
June is from $12,798,0 ,066 a year
earlier. Deposits of $26,283,S61
were off slightly from $26, $685.
457 on the like 1859 date.
Assets of $28. 1854, ,603 were up
is per cent from $28,549,275 a
year earlier. Capital funds OF
$2,l04,791 were Is per cent
ahead of $2,073, 1854.
Evening star., 1960-06-30
Allied Chemical
Develops New
Plastic Wrapper
BY the Associated Press

A new plastic wrapper un-
veiled was described yesterday
as so moisture proof you can
use it to carry a martini
cocktail in your pocket.
Allied Chemical Co.. which
developed it, said the new plas-
tic film promises significant
economies to the military serv-
ices in the packaging of elec-
tronic and other delicate me-
chanical equipment components
"as well as to play an i'm
portant role in the packaging
of drugs, chemicals and other
products"
Evening star., 1960-06-30

vile and Falls Church-and the
remodeling of its Wisconsin
avenue branch.
Good architecture is a flt-
ting thing for our business, "
Mr.. Hechinger said, gesturing
to the company's six acres Of
lumber yards and warehouses.
The building boom in Wash
ington's suburbs has caused its
share of problems for the COM
pany.
Must Judge Trends
"One of our biggest problems
is site location of our branches, +"
he explained. 1--WE went to the
suburbs early, and have tried
to locate in areas before they
are fully grown. We have to be
in advance of population move
ments."
Catering to the homeowner
who can walk into the store in
jeans or shorts directly from a
parking lot, the firm prides it.
self on "one-stop shopping"
Mr.. Hechinger recognizes that
other stores, such as supermar-
kets and drugstores, are now
selling hardware items, but he
believes that most customers
prefer to select their merchan-
disc from a wider range of
stock.
I'VE remain competitive -
meeting everybody in prices" )"
he said. 1--WE can't afford to
have our business bled of into
drugstores, and at the same
time we don't want to sell DO
tatoes in our stores"
Record in World War III
If his fighting record is any
indication, Mr.. Hechinger is a
formidable opponent on any
basis. A veteran of five years
in the Air Force during World
Evening star., 1960-06-30
Laurel State Bank
Declares Dividend

Directors of the State Bank
of Laurel have declared a cash
dividend of Is cents a share,
payable to holders of record
June Is, reported Chairman F.
Bowie Addison and President
Ernest N. Cory, jr.
This will be the third divi-
dend since the bank opened in
1856. Capital accounts have
increased in the year from
$3.50 900 to $460,00O.
Evening star., 1960-06-30

SponsibilitieS during fiscal 1860
in a letter thanking the agen-
cy,s staff for its loyalty and
patience in handling the heavy
work load.
The $9.3 million appropria-
ton would permit the addition
Of nearly $50 new positions in
the areas of greatest need, he
said.
This should provide some
measure of relief in those Situ-
ations in which special hard
ships have been imposed by
reason Of the very large vol
ume Of work which has com.
manded your attention in the
past" Charles Gadsby told the
staff.
ut also should enable the
commission to operate more
efficiently, particularly by way
of expediting the processing
oGregistration statements and
other filings, and permit a fur
tler reduction in the serious
backlog of work which has de-
veloped by reason of past in
adequacies in the number of
syailable personnel"
1,64O Statements Filed
sThe SEC received and ex-
afnined 1,640 registrations COW
ering $15.8 billion of securities
inithe fiscal year ended today,
Chairman GadSby reported.
This compared with 1925
statements and $l6.6 billion of
securities in 1859 and con-
>rasted sharply with 496 state
ments and $50 billion of Sc
eurities in fiscal 1850.
The agency cleared for Offer
ing 1885 statements covering
S14.2 billion of offerings, COM
pared with 1,055 for $15.7 bill
lion in the preceding year and
487 for SIS billion in 1850.
Average employment of the
agency was $50 in the latest
year, compared with 916 in the
previous year and 1850 in the
period 10 years earlier.
In its drive against violators
Of securities laws designed to
protect investors, the commits
sion obtained AZ indictments
Including 285 defendants VS.. 81
indictments and Ill defendants
in the previous year and only
% indictments and 81 defend
ants in the 1850 fiscal year.
Convictions Increase
Convictions, including pleas,
Sotaled % with 70 defendants
VS.. 13 convictions and "a de-
PENDANTS in the previous year
and Is convictions and 20 de-
PENDANTS in 1850.
The commission filed Sc in
junction actions and "a broker
dealer proceedings in the year
VS.. so and Ill respectively in
the previous year and "a and
80 in the 1850 fiscal period.
The agency closed its 26th
years of administering the Fed
eral securities laws today,
Chairman Gadsby pointed out.
The latest figures are among
those being compiled for the
annual report to Congress.
Some of them are preliminary
and may be adjusted later in
the final report.
Evening star., 1960-06-30
TALKING OF BUSINESS
TALKINlJ OF business
Hechinger Lumber, Hardware Co.
Expands With the Capitol Area
BY WILLIAM MacDOUGALL
Star Stan Writer

John w. Hechinger balanced
precariously on a chair, pre-
pairing to hang a picture on a
wall of his home at 2S38 Chain
Bridge road NV.
II called to June, my wife,
for a hammer" he said, "and
she went to look for one. 1t
turned out, though, that she
couldn't find one in our house,
and had to borrow one from
the neighbor."
She's never let me forget it,
either" Mr.. Hechinger OBJ
served with a grin.
The man without hammer
IN his house is the energetic,
affable young president of the
Hechinger Co., one of the areas
largest lumber and hardware
firms. The stock of his COM
pany probably includes several
thousand such implements
part of a line Of at least a mil
lion separate items.
Grows with Suburbs
A company that has hitched
its wagon to the homeowner,
it has grown considerably with
the expanding suburbs in recent
years.
In addition to its head
quarters store and warehouses
at Fifteenth and H street NE,
the firm has branches on Wis
consin avenue, Georgia avenue
and in Falls Church, Alexandria,
Rockville and Prince Georges
Plaza.
Mr.. Hechinger says the COM
pany has it's eye on several
new sites and is planning ex-
pansion at the rate of one new
store a year.
A private flrm, still family
owned after 49 years in busi-
ness, it employees about 450
persons in the Washington area,
and has doubled its volume in
the last 10 years.
Public Financing Studied
1--WE haven't grown as rapid
ly as some companies" Mr..
Hechinger said, but we have
been able to build large, at
tractive stores in good loca-
tions through private financ-
ing"
He disclosed, however, that
the company in recent months
has begun Ito study the pos
sibility Of public financing"
The H Hechinger Company,
which describes itself as "the
worlds most unusual lumber
yard"-clearly bears the stamp
of it's founder, the late Sidney
L. Hechinger.
Above the desk Of John
Hechinger, for example, is a
motto ascribed to his father,
who died in 1858. 1t reads:
If everyone around you is
excited and confused and you
are calm and collected - per-
haps you don't understand the
situation"
Progressive Thinker
MY father was the dynamo
of the company" John Hech-
niger said. "He was a progress
sive thinker-he helped to start
do-it-yourself merchandising m
the area as long ago as 1920
and he insisted that we build
all our new stores in the best
tradition of architecture"
One of the worlds foremost
architects. Walter Gropius. was
consulted for the design of two
of the firms stores-in Rock
Evening star., 1960-06-30
D. c. Bank CIeorings
Up Sharply in June

Washington bank clearings
surged upward in June with a
total of $653,624,800, compared
with $593, ,166,84l in the previ-
GUS month, and were 5 per
cent ahead of $621.159,827 in
June last year.
William N. Cradlin, clearing
house manager, also reported
clearings in the first half of
this year amounted to $3,561,- :
544,862, a decrease of l per
cent from $3,598,876,644 in the
same 1859 period.
Evening star., 1960-06-30

In the next 80 days, just
about every American adult
who can read newspaper, lis
ten to the radio or look at TV
will be talking about the ma
tional conventions-but if the
record of past presidential elec-
tions is repeated, a discourage
ingly low percentage of those
eligible to vote will bother to
translate their political talk
into action Nov. 8.
We in the leading democracy
in the world have one of the
worst records on voting of any
democracy in the world. That
includes the citizens of many
European nations who live in
the shadow of communism.
In 1948's presidential elec-
tion, only 81 per cent of Amer
leans eligible to vote went to
the polls. In 1852, when Presi-
dent Eisenhower ran for the
first time, the figure jumped to
72.4 per cent-best since the
1880s-but it slipped again in
1856.
BY contrast, in England, the
normal turnout is 10 per cent
and frequently rises above 80
per cent. In Germany more
than rs per cent usually vote.
In Belgium, which stringently
enforces penalties for non
voting, abstentions haven't
been higher than rs per cent
since 1893.
Penalties for voting have
also maintained high election
turnouts in such countries as
Switzerland, Austria, New Zea-
land and Holland.
1t is widely accepted that
American corporations have
some responsibility to encour-
age their employees to vote.
What. then, is being done by
industry this year to better our
record?
Majority of Firms Act
A study just made of elec-
tion policies and practices in
154 companies by the Dartnell
Corp. of Chicago indicates that
the majority of American COM
panies will be making some
effort to get employees to the
polls. Only "a per cent of the
companies surveyed are doing
nothing" to spur voting-a fat
minority, but still a minority.
The most important step
taken is allowing time of to
vote. Sixty -eight per cent OF
Evening star., 1960-06-30
Pennsy Lays off 200

PHILADELPHIA, June 30
(AP).-The Pennsylvania Rail-
road announced today that it
would lay off 1900 employees
because of declining business.
James P. Newell, vice. president
of operations. said the lay offs
would begin over the next sew
eral days and would be "of
indefinite duration depending
on the level of business"
Evening star., 1960-06-30
Dream Comes True;
Carr to Open Course

Edward C. Carr, Washington
area real estate leader and a
familiar figure in civic and
financial circles, has invited a
lot of his friends to the open
ing of the new Springfield
Evening star., 1960-06-30
Job Triples in Decade,
SEC Seeks More Help
For Burdened Stoff
The EVENING STAR
Washington. D. c.
TbUrsdoy, June so, 1860
By DONALD b. HADLEY
star Financial Editor

With its work load trped crop violators doubled
m the 10 years. the Securities Exchange Commission
seeking appropriation of 1913 million permit substantial
enlargement Of its staff in fiscal 1861.
: This emphasized today by Chairman Edward N
Gadby described expansion in the SECS
Evening star., 1960-06-30
OVER COUNTER

Washington listinss on over-the-
counter markets furnished by the Ma
ftional Association OF Securities Deal
ers as Of ] pm. Thursday, June 30:
Evening star., 1960-06-30
TREASURY BONDS

NEW YORK, June 20 CAP).-Yester.
gays closing oveT.the-counter United
states Government Treasury bonds.
Evening star., 1960-06-30
FOREIGN EXCH'GE

NEW YORK, June 80 AP).-Foreisn
exchange rates Great Britain and
Australia in dollars, others in cents
and decimals Of cent?:
To-day prnu nau
Evening star., 1960-06-30
DIVIDENDS

NEW YORK, June 80 (AP).-Divi-
dends announced:
Pc Stk Of Pay
Rate riod record able
IFFeEulaF
Evening star., 1960-07-06
ChiIdren's Fun Club
Arranged by YMCA

A YMCA Summer Fun Club
meeting daily from 9 am. to
4:30 pm. at the organize ton s
headquarters at 1876 G street
NV. will continue until Au-
gust 19.
The sessions, which utilize
nearby parks and Fairgrounds,
will include a pioneer land" a
fantasy land, space pioneers, -
and a Junior olympic meet. "