davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-01-14

the United Nations General
Assembly, celebrated his 60th
birthday today. He came home
for the wedding of a son and
to spend Christmas.
Evening star., 1960-01-14
Indifference Charged
In Education Support

Mrs Agnes Meyer author and journalist charged today
that the American people Indifferent the for
era support to education they ued
complacency by the phony of prosperity
In speech prepared for delivery Womens National
Democratic Club Mrs. Meyer declared
Our prosperity precarous because we are spending too
Evening star., 1960-11-04
Exchange Offers
To Repoy Losses
In Homsey Case

NEW YORK, Nov. 4 (AP)-
The New York Stock Exchange
has announced its plans to lay
out nearly 100000 to reim-
burse investors who lost money
because Of the alleged fraud
ulent acts of a member.
In an unprecedented move
for any stock exchange, the
Board Of Governors of the ex-
change offered, under specified
conditions, to put up approxi-
mately $500, 900 to provide re-
lief for customers of Dupont
Homsey & Co., a Boston firm
expelled from exchange mem
bership, who might otherwise
sustain losses as a result of the
issue Of their securities en-
trusted to the firm"
The money would come from
the exchange treasury.
Heretofore member firms of
all exchanges have borne COM
plete responsibility for obliga-
tiVns to customers who did not
lose money unless the firm went
broke. Today's action puts the
exchange behind its member
firms in making good customer
losses because Of fraudulent
acts.
Evening star., 1960-11-04
John Rector Heads
New Pepsi-CoIu Unit

John K. Rector Of Washing
ton will head the newly created
special markets department Of
the Pepsi-Co Metropolitan
Bottling Co., which has az
plants in 10 cities Of the Nation
with Offices in New York City.
Mr.. Rector has been q special
representative Of the Pepsi Cola
Co., parent Of the bottling COM
pany, In the Washington region
al ofiice for the last year and o
half. He formerly was a WASH
ington supervisor for ESQ
Standard Oil.
Mr.. Rector has liberal arts
and law degrees from Howard
University and was a four-letter
man in sports at both Howard
and Dunbar High School.
Evening star., 1960-11-04
Rail Eurninos
Off in Month
And d0Months

The Association Of American
Railroads estimated net income
OF Glass railroads in Septem.
ber at $25 million. This is com.
pared with $29 million in Sep.
tember. 1859. and $73 million
in September. 1858.
Net income for the first nine
months Of 1860 was estimated
at 1903 million compared with
1898 million in the correspond.
ing period Of 1859 and 1855
million during the similar
period in 1858.
Glass / railroads are those
having So million or more OF
operating revenues annually.
Net income is the amount
remaining after operating ex-
penses and allowances for fixed
charges. including taxes.
The AAR said that in the
first nine months of this year
operating revenues dropped
"a per cent and operating ex-
penSes declined IA per cent.
For the IL months ended Sep
tember 30. the railroads rate Of
return based on property invest
ment averaged 2.3l per cent.
Evening star., 1960-11-04
Sears Sales
Set Records

CHICAGO, Nov. 4 (AP.-
Sears, Roebuck and Co. re-
ported today its October sales
were slightly higher than those
Of October. 1859, and set a new
record for the month.
Gross sales were $398, ,301 ,453,
an increase of $2,934,9S8, or
Z per cent. over sales of 1895,
366,465 in October. 1859.
The higher volume for Octo-
ber was achieved despite one
fewer shopping day than in the
same month a year ago.
Gross sales for the first nine
months of Sears fiscal year,
February through October, to-
tailed q record $3,159,l38,246.
This was an increase of $685.
806,326 or 80 per cent above
the corresponding 1859 period.
Evening star., 1960-11-04
Mensh Investment
Paws Dividend

Mensh Investment and De-
velopment Associates, Inc, has
paid the second Of q series Of
three monthly dividends, each
amounting to 63s cents q share,
President Sidney 2. Mensh re-
ported.
The dividends were declared
payable October !, November I
and December I. The monthly
payments are at the rate Of 8
per cent per alnum on the Of
fering price for the stock in q
recent exchange offering.
The company exchanged its
stock and 8 per cent convertible
debentures for all interests in
the Metropolitan and Mensh
Limited Partnerships and all
stock Of Mentor Investments.
The company also paid the Sec
ond monthly interest payment
on the debentures on Novem-
ben /.
Properties owned by the COM
pany include the newly added
Pooks Hill Apartments valued
at around IS million.
Evening star., 1960-11-04
Appliance Dealer
Bids Damascus
To Free Dinner

DAMASCUS. Md, Nov. A.
Willard Woodfield, owner of
the Damascus Electric Co., will
be host to this town of 900
families for free dinner Mon
day night. He has rented the
American Legion hall to handle
the crowd, and members of
the Legion's Women's Auxiliary
will serve the meal.
The dinner is a promotion
OF 1861 models of Hotpoint ap-
pliances.
Jelleff's, Inc. will provide q
fashion show of new wash. and
wear clothing for women. Per-
sons buying a washer and dryer
will receive a wardrobe gift
certificate for Jelleff's.
Evening star., 1960-11-04
DriscoN Promoted
By Sofewoy Stores

John ]. Driscol has been
named district mansger for the
Bladensburg District Of Safe
way Stores, it was announced
by j. A. Anderson. Washington
division manager.
Formerly store manager at
College Park, Md. Mr.. Driscoll
started with Safeway in 1912
but entered military service in
February. l945. He returned to
the company in September,
1916, and advanced to assist
ant store manager and train
ing instructor.
He studied accounting at
Strayer College here and at
tended q special 13 weeks
course at company headquar-
ters in Oakland, Cal. recently.
Evening star., 1960-11-04
Notes, Bonds
OF Treasury
Bought byFRB
By the Associated Press

For the first time in more
than two years. the Federal
Reserve Board has purchased
Treasury certificates. notes and
bonds as well as short-term
treasury bills.
One effect Of the open mar
ket purchases announced yes
terday is to make credit easier
to get. The action also could
affect interest rates and could
influence indirectly the heavy
flow of United States gold
reserves to other countries.
The board did not explain its
motive for the purchases made
during the last week. A spokes-
man said only that this was an
ADVANTAGEOUS move.
The board may have been
worried about the gold flow or,
as some believe, may have been
limiting that the financial COM
munity should be more aggres-
sive about lowering intermedi-
late and long term interest
rates.
The last similar purchase
was July 30, 1858. when the
board bought $51 million in
Government bonds in an effort
to stabilize bond prices.
In recent years the board
normally has limited its market
transactions to Treasury bills
the Governments shortest
term IOUs.
Evening star., 1960-11-04

10 $182,815 900 on October 81
compared with $758, ,23l 900 on
June Is, the previous call date.
and $7l2,8l0,000 on October 6
last year. They also compared
With 1851, ,034, 900 on October S,
1855. and $3.50, zoos. 900 on octo-
Der 4. 1850.
Although assets have climbed
steadily In the decade and
reached a new high Of 81, ,643,-
6e3.000 on October 3, the ratio
Of gross loans to assets reached
H.7 per cent on October 8, COM
pared with 46.S per cent on June
Is this year and 44.6 per cent
On October 6 last year. On Oc,
tober 4. 1850, the ratio was only
28.3 per cent and on October 5,
1855, 1t was 38.5 per cent.
Earnings Augmented
The sharp increase in the
proportion Of loans accounts
for the sharp increase in earn
ings Of the District banks in
proportion to their increase in
deposits during the decade.
Deposits on October 3 totaled
81, ,483,051 900, compared with
81 ,478,876,000 on June IS and
81 .466, ,l46.000 on October 6,
1859. They totaled $1.333, ,725,-
600 on October S. 1855, and 81, :
A3.356,000 on october 4, 1850.
The latest asset total of
$1,643, ,683. 900 compared with
$l,622,20 900 in June and ST.
6i4,991 900 in October last year.
t also compared with $1,455,-
$4,000 in 1855 and $1,197, ,s45.-
900 in 1850.
: AS gross loans have expanded. !.
holdings Of Federal obligations
and other securities have de-
olined steadily. Securities to-
tAled $501 $4,000 on October 8
VS.. 8.6s0.000 q year earlier,
$561. .482. 900 five years earlier
and $557.777,o00. ten years
earlier.
. Capital funds Of the IL
institutions aggregated $l21,-
t17.000 on October 8, compared
with $1l5.l27 900 in June. $110..
100000 a year ago, 500, ,070, 900
In 1855 and $76.471, 900 on the
like 1850 date. -
Evening star., 1960-11-04
SlO2 Million Building
Listed in Montgomery

While Washington construction volume Jagged behind
year ago IN the rst nine months Of this year. building
montgomery County Md Jumped to sos
oOO ana was the largest for any section Of the
monthly compilation from the Bureau yester-
oay also showed the county commercial industrial build
ing expanded to ZOO in the months from $sl 900
year ago and offset decrease in residential to $50
goo from $5s74soOo New dwelling units reduced to
1854 from $3.50. ~
AS previously reported construction the entire area
dipped to $2S4699o00 in the months compared with
$SSoO0 600 year earlier Residential work declined $174
4IoO0O from and residential 5205 from
Nonresidenal work decreased $96269 600 from
$ll8995,000. =
S63 Million in Fairfax
Fairfax County ranked next to Montgomery with $63
lszOOO OF construction in the nine months but
a year ago's total Of $85 5,807 600.
Prince Georges County, Md third with $4s 3O3 OOO
put also behind $67.098,000 in the 1859 period
Inc District Of Columbia ranked fifth SAT 761 o00
compared with $54452.000 year earlier.
Arnetons volume dropped sharply to $18557OOO from
$1l GIL, ,O00 O-
Totals for the various sections in the months are
compared below with the same 1859 period below
Evening star., 1960-11-04
TALKING OF BUSINESS
Farm Lab Stocked With Animals
Tests for Food-ond-Druq Firms

the desire to do this themselves.
And that's where Woodward
Research comes in.
Fl Years Of Experience
DR.. Geoffrey Woodard, COM
pany president, previously had
been daubing. injecting and
spraying chemicals on animals
for 81 years as a Government
worker to make sure new prod
ucts were safe for humans.
He and his wife, Marie, agree
the firm is doing fine now, but
it wasn't too many years ago
that they were living in a two
car garage and wondering II
they'd made a wild mistake
buying 200 deserted acres Of
farmland.
The couple met, figuratively,
over a mouse cage. Both hold
degrees in science-he has a
Ph.D. in pharmacology and she
has a Masters in biochemistry
and both worked in the U. s.
Food and Drug Administration
he Joined in 1886.
The two took the first step
through a typographical error
in a classified ad. While living
in Falls Church in 1949 they
read that 80 acres were for sale
near Herndon. 1t turned out
to be 232 acres, and they had
to sell their home to swing the
deal. That was the period when
they lived in the garage while
the rest Of their new house
was being built.
BY the mid-50s the Wood
ards realized they'd made a
killing. The land they pur-
chased at SIS an acre had
skyrocketed. Spurred by air
port activity, real estate deal
ers recently offered $1,000 an
acre for the land-and were
turned down.
Used Old Grocery Store
With this kind of reassur-
ance. DR.. Woodard said good
by to his government job and
the couple opened the testing
lab in August, 1857, in an
abandoned grocery at l13 Sta
ton street. Herndon. A month
later they landeG their first
contract. testing, solvent for
Evening star., 1960-11-04
-Four Given Promotions
On Southern's Staff

Southern Railway System
today announced four promo
tions in its operating depart
ment here.
!, Karl c. Shuts. general super
intendent transportation, has
been appointed assistant vice
president.
Leason L. Waters. general
superintendent transportation,
Evening star., 1960-11-04
Store Collections
Lao Behind 1859

Collections or area depart
ment stores in Septe m b e r
showed slight declines from a
year ago, the Federal Reserve
Bank Of Richmond revealed.
September collections on
charge accounts amounted to
1871 per cent of September /
receivables, while those on in
stallment accounts amounted
to 1914 per cent. The same
Evening star., 1960-11-04
Mutual Funds
Show Decline
OF | 10 S%

NEW YORK. Nov. 4 (AP).-
Performance Of most mutual
funds fell to 8 per cent be-
tween January and September
q firm specializing in invest
ment companies reported today
The results were obtained In
the quarterly survey Of opera
tons Of over $50 funds Of al
types by Arthur Weisenberger
& Co.
They showed that only one
type Of mutual fund or closed
end investment company aver
aged higher net assets per share
at the end of September than
on January /. That group was
the seven funds specializing on
bonds and preferred stocks, ur
an average 8 per cent.
= Pct. Decline
The largest group Of mutual
funds, with diversified common
stock portfolios, declined an
average Z per cent compared
with q IL per cent gain for the
entire year Of 1859. The ex-
tremes in this group of So funds
were q minus IA per cent for
Capital Growth Fund and plus
8 per cent for Istel Fund.
The percentages represent
approximate net change in net
assets per share plus capital
gains reinvested and income
dividends taken In cash for the
mutual funds. The rating for
closed end companies take into
consideration changes in CAPT.
tai structure also.
The only other diversified
funds showing an increase were
Guardian Mutual (plus u and
wellington Equity (plus ~.
Among the balanced funds,
those with securities other than
common stock In their port
folio, the average decline was !
per cent. The Knickerbocker
Fund showed q 13 per cent
drop and the composite Bond
81 Stock Fund increased 5 per
cent.
The growth stock speciality
funds declined an average 3
per cent although Institutional
Growth Fund was OF II per
cent and Fidelity Capital Fund
was up 8 per cent.
81 Average Drop
The average drop of income
stock funds was 4 per cent with
National Securities Stock series
of II and the Income Fund of
Boston the only gamer in the
group (up l per cent?.
The diversified closed end
companies showed an average
8 per cent drop compared with
q Z per cent gain in all 1859.
Overseas Securities Co. was of
Is per cent and General Public
Service Corp. finished the nine
months with the only gain in
the Wiesenberger performance
ratings, up 3 per cent. Closed
end companies specializing in
specific industries fell about 4
per cent.
Evening star., 1960-11-04

an antihistamine drug by In
jecting it into rabbits. When
December rolled around, they
had added three more EN-.
|ployees and cleared a profit of
1000.
Today their payroll totals IS
persons, including four Ph.Ds in
various sciences and an MD.
To continue expanding, they are
offering $150,000 in common
stock to the public at 50 a
share.
Their inventory includes sew
eral buildings full of live ami
mails, among them 1000 white
rats. 100 guinea pigs, 60 rabbits,
numerous ducks, and about 40
Rhesus monkeys (at $65 each)
from India. The menagerie has
grown so huge that DR.. Wood
ard has hired Malcolm Davis.
former head keeper Of the
Washington Zoo, to help man.
age it.
Topsy- -Turvy World
The laboratory is a topsy-
turvy world in some ways:
Monkeys get electrocardio-
grams.
Dogs snooze in sound-proofed
rooms while the scientists peer
at them from hidden windows.
observing effects of a new tram
quilizer.
White mice trot on a minia-
ture treadmill to demonstrate
whether a drug will affect a
human beings ability to CO.
ordinate.
An instance of how Wood
ard Research has altered the
face Of Herndon (pop. 1,46D is
one laboratory where animal
blood is tested. The room for
merly was occupied by a pool
hall and its knotty pine walls
still bear cue marks.
Il tell people this is an ex-
ample of our social uplift," says
DR.. Woodard.
Evening star., 1960-11-04
Fiduciories to Hear
PhiIodeIphio Banker

Morton Smith. vice president
Of the investment division Of
the Girard Trust Corn Exchange
Bank Of Philadelphia, will ad-
dress the Fiduciaries Section Of
the District Bankers Association
at a dinner at Washington Golf
and Country Club in Arlington
on Tuesday, November Is.
Robert p. Hid Of Riggs Ma
tional. section chairman, will
preside. The meeting is sched-
i,led At & n m
Evening star., 1960-11-04
BY TRUMAN r. TEMPLE
Star Stan Writer


In the jungles of Central
India there once lived a Rhesus
monkey, who didn't know he
could get fast, fast, fast relief
from nasal congestion
He found out later, though,
Imported here by Q Fairfax
County laboratory, he spent two
baffled weeks receiving free
nose spray every morning under
the guidance of scientists de-
veloping a new decongestant.
About the same time mem
bers of a warren of big white
rabbits were hopping around a
special chamber at the Virginia
lab, helping doctors learn
whether one brand Of metal
polish would irritate rabbit
(and humanD skin. Answer: It
didn't, but it made their eyes
red.
These are examples of how
United States industry is de-
pending more and more on q
small army Of little animals to
test products before they reach
the store shelf.
Four-Year Rise
Woodland Research Corp. in
Herndon. Va, has found it's
a very good business to do the
testing. Four years ago the
company didn't exist. Today it's
enjoying q $420,000-a-year
volume, has a list Of blue chip
companies for customers, and
occupies 10 buildings sprawled
across the landscape near the
new Dulles International Air
port.
Two laws recently stepped up
the volume of testing across
the country. In 1858 Congress
passed the Food Additives Act,
requiring companies to prove
that the chemicals they add to
foods are safe for human be-
ings, a job formerly done by
Uncle Sam.
Last July, the President
signed the Color Additive Act
requiring industry to test va
rious colors used in drugs, cos.
metics and food. Many firms
have neither the equipment nor
Evening star., 1960-11-04
CHICAGO
LIVESTOCK

.:, csSASo SsSS .assS:,. SsS Ar ,qsDA }s! Ar;
active: steady: heavier ysisht; steady
l7.5o-iS.s5 With Snit is.50.iS.S5:
nifty head 1-2 sorted for weight and
srade 1900; mixed 1-3 24O-260 lbs
II 30 1880: mixed 2-3 and IS 600
2 80 lbs 17.25-1f.50; mixed l.3 800
13.75-15.25.
Cattle 400: calves none; small re.
ceipts include nine loads slaughter
steers on . bought-to-drive basis;
otherwise not enough steers, heifers.
bulls, vealers or stockers and feeders
on sale for q price test: cows largely
steady on q very small supply; utility
and commercial cows 12.50-f5.6O; can
ners and cutters 10.50-12.50.
Evening star., 1960-11-04
Price Fund Reports
Lower Asset Value

Not asset value Of T. Rowe
Price Growth Stock Fund OF
Baltimore was $13.46 a share
on September 80. down 4.6 per
cent from $13.46 three months
earlier, and down 1.S per cent
from 1870 nine months ear
lier. the fund announced.
However, net asset value in
creased IL per cent from Sep
tember 80 last year after ad-
justing for distribution Of so
cents q share in December from
realized profits on sale Of Sc
curities,
Evening star., 1960-11-04
RumbIer Sets Record

DETROIT, Nov. { (AP).-
American Motors Corp. said its
Rambler retail sales last month
OF 36,6l6 were the highest for
any October in company his
tory. The company said "the
total was q gain of 13 per cent
over last October's 32,486 de-
liveries and 81 per cent over
+September's 26,737.
Evening star., 1960-11-04
METALS

NEW YORK, Nov. 4 (AP) Spot nom
ferrous metal prices today: Copper 80
Lead IL cents pound, New York
Zinc 10 cents a pound East st. Louis
Tin 1.04h pound, New York. For
eign silver 91as cents per troy ounce,
New York
PittsburRh scrap steel No. heavy
was quoted by Iron AHe st 2s.OOh?9. 90.
Evening star., 1960-11-04
Metropolitan Makes
$l,645,0OO Loan

Metropolitan Life Insurance
Co., has issued a commitment
for q $1.645, 900 mortgage loan
on the LaSalle Park Apart
ments. a 235-family garden
apartment development to be
built on Chillum road just over
the notheast District Line In
Prince Georges County, Mary
land, it was announced by
Weaver Bros, Inc. Washington
mortgage loan correspondent
for the insurance company.
Evening star., 1960-11-04
Capitol Banks Double
Looms to AZ Pct. of
Assets During DECIDE
BY DONALD b. HADLEY
star Financial Editor

Washington banks doubled their gross loans
IN the last decade loans have risen from 2s3
total assets to ATT cent of the October
bank condition call from the Comptroller Of the Currency
closed today. jsassFt4 ss~a,is -'i's~s ~
loans the IL banks and trust companies amounted
Evening star., 1960-11-04

has been appointed manager
transportation services.
Donald D. ,Strench. superin-
tendent at Atlanta, Ga, has
been appointed superintendent
transportation services.
James A. johnson, superin-
tendent at Selma, Ala. has
been appointed superintendent
transportation services.
Evening star., 1960-11-04
TREASURY BONDS

NEW YORK (AP) Noon over the
counter US. Government Treasury bonds,
bio, asked, net change and yield for
Evening star., 1960-11-04
FOREIGN
EXCHANGE

NEW YORK. Noy. 4 (AP) .-ForeiEn
exchange rates (Great Britain and
Australia In dollars, others In cents
and decimsls Of . cent?:
Today Prev. Day
Evening star., 1960-11-04
OVER COUNTER

WsshinRton listings on ovsf.the.
sennter markets furHished hy the Ns.
YET l pm. Friday, NovsM5er
Evening star., 1960-11-04

figures in September last year
were 500 per cent and 1919 per
cent, respectively.
Inventories Of the same stores
were Ill per cent above a year
earlier on September 80, while
outstanding orders for new
merchandise were 2.5 per cent
higher. rr
Evening star., 1960-11-04
MUTUAL FUNDS

, NEW YORK (AP).
: National AsSocia-
ton Securities Deal
ers, Inc.
Evening star., 1960-11-04

EHCts quUteu IN u0IIaIs ahd thirty
econds.
T. Partially tax exempt
wi When issued
, 1960-09-08
Con1nr. Downing.
Assistdnt Attending
Stdte Pur. Confub
Commissioner Carlos Down

Commissioner Carlos Down
ing and Assistant Commissions
er Mario Lewis of the Depart
ment Of Property & Procure
ment are attending the
National Cosference Of the As
ISOLATION Of State Purchasing
officials which is being held at
Portland, Maine. The confer
ence started on Sept. 6 and
will continue through Sept. 10.
Authority to attend was grant
by Governor Merwin.
MI. Lewis plans to return
Immediately after the confer
ence; Mr.. Downing Will spend
two weeks in New York on
annual leave.
Alphonse Adams, Director
Of the Property Division Of
the Department has been de-
signated by the Governor to
act as Commissioner during
the absence Of Mr.. Downing
and Mr.. Lewis. They left on
September 5th.
, 1960-09-08
]. Woodson Completes
Civil Defense Course
For Instructors

John H. Woodson, a teacher
in the Christiansted High
School was one Of seventeen
volunteers from four states
and the Virgin Islands to COM
plete the basic Civil Defense
for Instructors Course given
by the Office of Civil and De
Tense Mobilization at its East
crn Instructor Training center
in Brooklyn, New York, re-
Gently.
Now an important unit in
the education and training pro
gram under the national plan
for Civil Defense and Defense
Mobilization, the detectives Of
the center are to assist govern
Continued on page q
, 1960-09-08
Amdt. Photographers
Invited to Enter
Martinique Compton
In the month Of October of

In the month of October OF
this year, t h e Martinique
Amateur Photograph a n d
Films Club intends t. hold a
competition of privately made
amateur 16mm films on Carlb-
bean subjects. Prizes will be
awarded and the films will be
shown locally. AL films sub
mitted will remain the proper
" Of their owners.
Any individual or group IN
the Virgin Islands who might
be interested in competing in
the Martinique Amateur Pho
tograph and Films Club CON
test can get additional infor-
nation by writing to John W.
/. Russell, IT., Public Affairs
Officer, American Consulate,
Martinique, French W e 5 t
Indies.