davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-07-19
Sewing Machine Firm
Bought by japanese

LOS ANGELES. July 10
(APl. The largest japanese
sewing machine manufacturer
has bought one of the leading
American companies and will
start distributing Japanese ma
chimes in the United States.
The buyer is the Janome
Sewing Machine Co., Ltd,
which announced purchase of
the New Home Sewing Machine
Co., a subsidiary of Free Sew
ing Machine Co.
The Japanese company said
it hopes to capture 20 to Is
per cent of the American sew
ing machine market.
Evening star., 1960-07-19
] eietroy Systems
Merger in Offinq

The company may soon
merge with a publicly owned
company in the Washington
area, which he did not name,
Edward j. Myerson, president
Of Teletray Electronic Systems,
Inc. of Silver Spring, Md, yes
terday told shareholders at the
annual meeting.
The company's net after all
deductions and allowances ad-
vanced from a 1859 loss of
Sl0.52l to a profit of $4,120 in
the fiscal year ended March 81
of this year, the annual re-
port disclosed.
Development, progress and
growth were shown by the
company, the shareholders
were told. The annual report
calls it the Nations leading
manufacturer and distributor
of electronic ordering systems
Evening star., 1960-07-19
Three Universities
Get Grants for
Non-West Study

NEW YORK, July l9 (AP).-
The Ford Foundation today
gave $15.1 million to Harvard
and Columbia universities and
the University of California to
spur more learning about
Western areas of the
world.
Stated objective of the long
range program is to strengthen
American higher education in
those areas where American
competence has been limited"
Africa. the Near East,
Eastern Europe and Russia.
The grants, for academic &C
tivities extending in most
cases over a 10-year period,
included $5.6 million to Har-
ward, $5.5 million to Columbia.
and 81 million to the Univer-
sity of California.
The foundation also an
nounced grants totaling So
26l, 500 to Is other insLltu-
tions and agencies for various
projects.
Altogether, the new grants
totaled $18,36l,500.
Evening star., 1960-07-19
Speed Measurement
Contracts Awarded

Underwater ordinance con-
tracts totaling $4,000 have
been awarded to the electronics
division of ACF Industries,
Inc, Riverdale. Md.
George B. Shaw, division
general manager, explained a
SAT 900 study contract for flow-
metering devices has been re-
ceived from the Navy's Bureau
of Ships. Contracts totaling
$25,000 for sound velocimeters
have been received from the
Air Arm Division of Westing-
house Electric Corp.
Ultrasonic principles are en-
ployed to measure the speed of
either surface or underwater
ships. Sound velocimeters are
utilized in submarine detection
to measure the speed of sound
through water.
Evening star., 1960-07-19
Stadium Bonds Sell
To Yield AIS Pct.

Folger, Nolan, Fleming-W. B.
Hibbs & Co. is circularizing its
customers on the attractiveness
Of the District Stadium bonds,
which were placed on the mar
ket recently.
The AZ per cent bonds will
mature in 1879. but are callable
at 103 in 1870. Priced at 10O.65,
they will yield AIS per cent.
They are guaranteed by the
Federal Government.
The firm points to 4 per cent
Treasury bonds maturing in
1880. Now selling at 1OO.750,
these yield 3.94 per cent.
Evening star., 1960-07-19
Central CHARGE
Files Record
With t|le SEC

A registration statement for
So million Of Subordinated
Sinking Fund Debentures and
$4,000 shares of common stock
of Central Charge Service, Inc,
was filed yesterday with the
Securities and Exchange Com
mission.
A portion Of the anticipated
revenue would be used to re-
deem debentures and reduce
bank loans. Officials said they
planned to issue both stock
and bonds to provide a bal
anced capitalization for the
company. The debentures have
warrants attached and these
could be exercised to purchase
common stock, under the plan.
But prices have not yet been
determined.
The registration statement
reflected the growth of member
merchants of Central Charge
Service, Inc, and clients. Busi-
ness has been going ahead very
rapidly and larger business is
anticipated.
The chief underwater for the
Offering is AuchincloSs, Parker
& Redpath.
Under the program, Central
Charge Service, Inc, proposes
to call for redemption of the
company's outstanding $500, 900
6 per cent Subordinated Partic-
ipating Debentures at 110 per
cent of their principal amount.
Central Charge in the regis
tration statement advised the
commission that it furnishes
to approximately $50 member
merchants, operating about
1,185 stores, an accounts re-
ceivable and credit department.
To their retail customers, a
charge account service is Of
lfered.
The company was incorpo-
rated August 26, 1852, under
the laws of Delaware. Addi-
tional funds would provide in
creased working capital of the
company. The debentures are
due August 81, 1875. The COM
mon stock is 10 cents per value.
Evening star., 1960-07-19
Central Makes Bid
For Stock of B&O

NEW YORK, July 10 (AP) .
New York Central Railroad
today formally makes its bid
for a half interest in the Balti-
more & Ohio Railroad.
The Central said it is mailing
to 10000 BIO stockholders it's
offer to exchange one and a
half Central shares plus SO in
cash for each of 1,550,000 BIO
common shares.
The Central offer, announced
last month, is aimed at block
ing a proposed merger of the
BIO with the Chesapeake g.
Ohio Railway.
Evening star., 1960-07-19
9l-Doy Bill Interest
Drops Again in Week
BY the Associated Press

Cost Of the Government S
Short-term borrowing continued
to decline with yesterdays reg
ular weekly issue of Treasury
Bills.
Offers for the 81 billion issue
of 9l-day bills averaged 2.307
per cent, compared with 2.567
for last weeks issue.
The 182-day bills, of which
the Treasury accepted offers
for $400, 900, averaged 2.625 per
cent. This was almost half a
percentage point below last
weeks average BITS.
Evening star., 1960-07-19
Personal Income
At Record Rate
BY the Associa ted Press

Personal income of Ameri-
cans climbed to a record rate
of $4O5, $50, ,OOO,O 900 a year last
month. The increase was 81
billion over May.
The Commerce Department
reported yesterday that total
wage and salary payments rose
by about $500 million in June
despite a decline in factory pay
rolls due to a showdown in the
steel and automotive industries.
June's total represented an
increase of $40 billion in the
annual rate since January and
a rise of $22 billion since June,
1859.
Evening star., 1960-07-19

a 1allacy winch SHOWS signs
of becoming popular is that our
climbing wage rates are pro-
gressively pricing American
products out of the worlds
markets - that, in short, be-
cause of our far higher wage
levels, our products are less and
less competitive with the goods
of cheap labor" nations.
Another fallacy is that our
wage level is rising much faster
than the wage levels of the
major nations of Western Eur
ope, and thus the wage spread
between us and European
countries is widening and
making our competitive posi-
ton worse.
These fallacies are being
publicized widely. But they
cannot be supported. New
statistics presented by respect
ed sources emphasize that:
Wages in Western Europe
are rising faster than in the
United States and the likeli-
hood is that they will continue
to rise faster-thereby closing,
not widening the labor cost gap.
Other Factors Involved
Although Europe's wage lev
els are substantially below our
wage levelS-aS they have been
for generations-many factors
other than wage levels decide
the total cost of product, and
these other factors make it pos
sible for long list of prod
ucts to be produced cheaper
in our country despite our
higher wage rates.
These facts are underlined
in a new study by the French
National Institute of Statistics
and Economic Studies and are
considered so important" by
New York's Chase Manhat-
tan Bank that it is sending
them in a report to all United
States businessmen consider
ing investments in Western
Europe" They surely will be
of interest to everyone.
To begin with, the fact which
is the basis for the fallacies
about our problems in the
worlds markets today is that
our wage level is still so much
above Europe's. Our hourly
average of $2.68 compares with
$1.08 in Sweden (highest in
Europe) and with 81 cents in
the Netherlands lowest aver
age in Europe. These COM
parsons include fringe bene-
fits or social charges which,
incidentally, account for a
much larger part of total la
Dor costs in Europe than here.
In Italy, for instance, social
benefits account for 43 per cent
of total labor costs.
Wages Not Problem
In view of this central fact,
how can it be argued that wages
are not pricing us out of the
worlds markets? Here is how:
Cd The hourly wage figures
may often, as the Chase Man
haitian Bank puts it, under
state actual labor costs" Our
workers can turn out more
goods per hour because they
have more equipment behind
them and they are more effec-
tive than equivalently skilled
European workers.
t2) Other costs beyond wages
must be considerer-such as
the cost of fuel, power, con-
struction raw materials-and
these other expenses frequently
are higher abroad than here.
(3) The trend is toward a
Evening star., 1960-07-19
Earnings

American Electric Power in
II months ended June 80
earned $52,S19,OOO or $2.51 a
share VS.. $47,352,000 or $2.35
in 1859.
North American Aviation in
9 months ended June 80 earned
$16,526,O00 or $2.03 a share VS..
$21,941,O 900 or $2.70 in 1859
period.
General Foods Corp. in 3
months ended June 80 earned
$16,150,000 or $1.31 a share VS..
$14,722,000 or $1.20 in 1859
period.
StOkely-Van Camp in year
ended May 81 earned $1,000, 900
or $l.46 a share VS.. $4,629, 1853
or 1921 in 1859.
RayOnier Inc. in 3 months
ended June 80 earned $3,215,-
407 or Sc cents a share VS..
$3,550,734 or 65 cents in 1859
period.
Kendall Co. in "a weeks
ended June IL earned $2,312,-
900 or 1921 a share VS.. $2,202,-
900 or $2.10 in 1859 period.
Federal Paper Board in "a
week ended June l8 earned
81 $4,000 or $1.3O a share VS..
$2,467 900 or $1.S1 in 1859
period.
Other earnings included:
For 6 Months Ended June 80
Evening star., 1960-07-19
VISIBLE GRAIN

CHICAGO, July 10 tAP). - The
Board of Trade reported that the
visible supply of wheat in the United
States increased 13,5OS,OO0 bushels
last week to 4l7,l16,O00 bushels. Corn
decreased 2,345,0O0 bushels to $3.50
600; oats increased 3S3, 900 to 5.S69,-
600: rye increased 1,l17.OOO to
5,061 900; barley increased 800 600 to
l6,6S4, 600; Soybeans increased COS
goo 10 l@,l4S,O00.
Evening star., 1960-07-19
Guardian Federal
Assets Set Record

President Leo M. Bernstein
of Guardian Federal Savings
and Loan Association an
nounced total assets, at $l5,-
403, AL are now at a record
high. This is an increase, re-
ported as of June 80, of ST.
520.393 from the December 81,
1859 total.
A savings growth of $1,342,-
059 for the six months was re-
corded. Reserves increased by
$67,709; first mortgage loans
were increased by $1,166,455
to $13, 1853, ,208 on June 80.
Evening star., 1960-07-19
s. Million Invested
In Caracas Steel Mill

The International Finance
Corp, 1918 H street NV, an
nounced a commitment to in
vest SO million in Siderurgica
Venezolana, a steel plant in
Caracas. Venezuela.
The steel mill produces re-
inforcing bars and wire rods,
most of which are used in the
construction industry, officials
explained. They said the basic
raw material is domestic scrap
converted into ingots by the
electric furnace method.
Evening star., 1960-07-19

for the restaurant industry. +"
The company has "Teletray"
for curb service and the new
"Dine-A-Phone," a special
hand telephone, conveniently
placed in a restaurant booth
for a customer to order a meal
by using the systems direct
line to a master control board
in the kitchen. Jerome Adler,
New York insurance executive,
was added to the board of direc-
tors.
Evening star., 1960-07-19

OF ii per cent from SIS, ,082 900
in the same 1859 period.
Property tax collections
amounted to $26,135.0 900. a gain
Of 9 per cent from $23.941 900.
Gasoline tax collections to-
tailed $6,269, 900, up "a per cent
from $5.735,000 a year earlier.
Collections for the parking g
fund amounted to $417,O0O, an
increase of As per cent, a gain
Of As per cent from 100000.
Evening star., 1960-07-19
METALS

NEW YORK, July 10 tAP) Spot
nonferrouS metal prices today: copper
81 cents a pound, Connecticut Valley.
Lead l2 cents pound, New York
Zinc l3 cents a pound, East St. Louis
Tin 81 .031a pound, New York For
eign silver 9l9s cents per troy ounce.
New York, Pittsburgh SCRAP steel No.
heavy was quoted by Iron Age at
30 0O-3l 90
Evening star., 1960-07-19
Sales, Receipts, Toxes,
Up 49, Pct. From 1859,
Reflect D. c. Trade
BY DONALD b. HADLEY
Star Financial Editor

Rejecting the high level of trade District
ections of sales and receipts aggregated
in the first half of this year. gain of 40 per cent from
$22 2763o00 earlier data from finance office dis
closed today.
collections rose $2OOs7OOO an increase
Evening star., 1960-07-19
SWEDEN HONORS ROSENTHAL

Baron Carl-Henric NauckhOff, commercial
counselor of the Swedish Embassy here Qeft),
is shown presenting the 1859 Saab Award to
Bob ROSenthal of ROSenthal Chevrolet Airing
tOn Va. 1t was given for outstanding public
service and sales for the Swedish-built auto
mobile on behalf of the manufacturer Saab
Svenska AerOplan A. v. of Sweden. ROsen-
thai had nearly $500, ,OO0 volume in sales and
service for Saab last year, officials said.
Evening star., 1960-07-19
OVER COUNTER

Washington list1ngs on over-the-
counter markets furnished By the Ma
tional Association Of Securities Dealers
as Of ! pm. Tuesday. July 10:
Evening star., 1960-07-19
TREASURY BONDS

NEW YORK, July 10 CAP).-Yester-
DAYS closing over the counter United
States Government Treasury bonds.
Evening star., 1960-07-19
FOREIGN
EXCHANGE

NEW YORK, July 10 CAPl l.-Foreign
exchange rates tGreat Britain and
Australia in dollars, others in cents
and decimals of a cent?:
Today Prev. Day
Evening star., 1960-07-19
BUSINESS
BRIEFS

Cash Dividends paid by cor
porations issuing public reports
totaled SOS billion, in the 6
months ended June 30, up
$50 from 1859 period.-Com-
merce Department.
Public Utilities securities
sales over the Nation in 6
months ended June 80 totaled
81 ,637, 1872 900. down 12l%
from the like period a year
ago.-EbaSco Services, Inc.
Beneficial Finance Corp.
named three directors to the
board of Western Auto Supply
Kansas City, in which Bene-
fetal recently acquired a 47qo
interest.
Evening star., 1960-07-19

Prices quoted in dollars and thirty
seconds.
Evening star., 1960-07-24

meetings with civic association
leaders.
Petition forms-the fedora
tion has 1000 of them-will be
distributed at these meetings.
A question and answer infor-
nation sheet on the urban
county plan will be distributed
along with the petitions, he
said.
The federation as yet has not
sought outside help, Mr.. Wheel
er said, but he noted that
members of several county Or
ganizations would be partici-
pating ION an informal basis. J."
Among these will be precinct
workers for the Democratic and
Republican organizations, he
added.
The federation has not yet
settled on the date on which it
would like a referendum held.
Originally the federation had
requested a vote at the Novem-
Der presidential election.
Now the federation is leaving
the date open. Federation
President Herbert Harris has
said a referendum could be
held as late as February.
Evening star., 1960-07-24
Owner of Cafe Takes
Sit-in Problem to Moyor

The president of a Rockville
restaurant which has been
picketed for the past two weeks
because of its segregation pol
lcies asked the mayor and city
council yesterday to mediate
the dispute.
Eli F. Abdow, president of
Hi Boy Restaurant, told the
councilmen the restaurant was
willing to abide by their
recommendation.
The move is expected to end
segregation at the restaurant
since Mayor Alexander j.
Greene and the council have
already condemned the estab-
liShment's practices of dis
crimination.
In his letter to the council,
Mr.. Abdow said that difficult
ties have beSet us since the
flist appearance of pickets at
our place of business two weeks
ago.
while this may be beyond
your ordinary duties" he wrote.
I'VE will welcome the assistance
Evening star., 1960-07-24
Urban County Petition
Circulated in Foirfox

The Fairfax County Civic
Federation this week starts its
petition drive to put the urban
county plan before the voters
in a referendum.
Joseph C. Wheeler, who is
heading the drive, said the fed
Grafton needs the signatures of
about $500 qualified voters to
petition the Fairfax Circuit
Court to put the urban county
plan to a vote.
The federation decided on
the petition drive after the
board of county supervisors de-
cided to hold off a referendum
on the plan until 1862.
The urban county plan is
designed to allow each area of
the sprawling county to devel-
op at its own speed. Each
area would ask for and pay
for the services that area needs.
The plan also would add an
other level to the county gov
ernment through elected dis
trict commissions, which would
make recommendations on To-
cal coming matters and request
needed area services.
Mr. Wheeler said the fedora
tion's drive for the plan would
start with a series of district
Evening star., 1960-07-24

tions against segregation in
Montgomery County.
On June 80 white and Negro
demonstrators began picketing
Glen Echo Amusement Park
and have been parading in
front of the park since.
Twenty-Five demonstrators,
three of them white, were
arrested in the first days
demonstration against the Hi
Boy Restaurant.
Another 13 had been ar
rested earlier in the demon
stration at Glen Echo.
The Montgomery Council
set up a commission on Inter-
Racial Problems to deal with
owners of places such as the
Hi Boy and Glen Echo, and
the group is to hold its first
meeting Wednesday.
In another development yes
terday, a Negro girl and two
white companions asked the
operator of the Hiser theater in
Bethesda to admit Negroes.
John H. Hiser, the theater
operator, said he believes he
should not change his policy
OF excluding Negroes because
it might cause his white Gus
toners to stay away.
Let's be fair about this
thing" he said. 1--WE got an in
veStment . and you could put
me out of business"
Evening star., 1960-07-24
WoImsIey Named
Legion Leader

BALTIMORE, July % (AP)
Edward l.. Walmsley a Sud-
lersville farmer and World War
II veteran, was elected Satur-
day as department commander
of the Maryland American Le-
gion.
Moving into Mr.. WalmSley's
former position as senior vice
commander was Wilbur Van
SAINT of Arbutus of Baltimore
County. The new junior vice
commander is Richard Graham
of Frederick.
Also elected were Fred H.
Anderson, Cumberland, Judge
advocate; Robert Compton,
C h heveTly. Sergeant-at-arms
Charles Law, Pasadena, treas
urer; George Dozen, Pasadena,
historian. and the Rev. Valen-
tine WeiSsert. Baltimore, Chap
lain.
Dave Brigham of Sandy
Spring was named national ex-
ecutive committeeman.
Evening star., 1960-07-24

of your body in resolving the
problem"
I'VE are willing to submit
the problem to you for media
ton and to be bound by your
recommendation or advice in
our future operations"
The letter was delivered yes
terday to the home of City
Manager Walter A. Scheiber
who delivered it to acting
Mayor Frank A. Ecker.
Mr.. Ecker said last night he
would ask the council to con-
slider the matter Monday night.
He said he expected the council
to make its recommendations
the same night.
He said he was delighted
that the restaurant has taken
this course. 1t offers the way
out of difficult problem and
hopefully may provide some
.glimmer of light as to the ap-
proach to similar situations
elsewhere"
The Hi Boy was the second
target of protest demonStra-
Evening star., 1960-07-24
WSSC to Check
Levittown N. J.)
Sanitary System

Water and sewer facilities
similar to those planned for the
4,500-home community of Bel
air will be inspected Tuesday
by officials of the Washington
Suburban Sanitary Commits
sion.
The agency's directors and
chief engineer will go to Levitt
town, N. j., to see the utility
setup installed there by William
j. Levitt. Seven sample homes
already have been started at
Belair in Bowie, Md.
Representatives of the Levitt
firm met with WSSC engineers
last week to explain utility de-
sign plans for Belair.
While Mr.. Levitt plans to
supply his homes with we'll
water and erect his own sewage
treatment plant. the designs
and construction must be ap-
proved by the sanitary COM
mission.
Evening star., 1960-07-24

Balloting were 98 teen-age
Senators" represe n ting Al
States, the District and the
Canal Zone. They were elected
earlier from among 10000 high
school juniors participating in
Boys State. a program to IA
miliarize honor students with
government procedures at city
and State levels.
Chosen Friday night to serve
as president pro TEN until the
presidential elections tomorrow
night was Louis w. johnson,
is, from Logan, Utah. A Fed
eralist he won on the fourth
ballot with a majority vote of
81. Frederick r. Preston, l8,
Of 1nwood. Long Island, N. Y
also a Federalist, was elected
permanent secretary of the
Senate"
Representing the District are
Rinaldo Leps. II, of 5002 Hurst
Terrace NV. and John G.
Oberdorf, IT. 6932 Greentree
drive, Falls Church.
Leonard H. Becker, II, of
Hagerstown, and William A.
Hylton, jr., II, of Baltimore
are taking part as senators
from Maryland. Those from
Virginia are Douglas E. Cation,
II, of Springfield and Charles
R. Novel;, II, of Pulaski.
Wreath-laying ceremonies at
the Tomb of the Unknwn Sol
dier in Arlington Cemetery will
be held at IL am. today. Joel
D. Eaton, l6. of Miami, Fla,
and Robert w. Goodwin, Is,
Of Indianola, Iowa. were Sc
lected by the delegation to take
part in the wreath laying.
Evening star., 1960-07-24

said Fred Wallace, a buyer for
Peoples Drug Stores.
Il would guess very roughly
that we had about 20 per cent
increase in sales"
Morris Pond of Safeway re-
ported that sales by his chain
also have spiraled during the
last week.
R. B. Gibbs, executive di-
rector of Peoples. said sales
have always been high in Vir-
ginia because of cigarette taxes
in other States. "Transients
buy as much as half a case,
especially those from Pennsyl-
vania where the tax is very
high" he said.
Some merchants said they
have not noticed any increase
in sales, and some predicted
a last-minute spurt of buying.
Evening star., 1960-07-24
VIRGINIANS BUY IN BULK
Cigarette Sales Boom
Prior to Tax Raise

Northern Virginia smokers
apparently are rushing to save
pennies on packages of their
favorite cigarettes.
With imposition of the new
State tobacco tax August /, the
price will jump 3 cents per
package.
Chain stores today reported
that their outlets throughout
the State are experiencing
something of a sales boom evi-
IDENTIFY caused by people who
want to avoid payment of the
new levy as long as possible by
buying now.
I'VE have had to order many
extra cigarettes to take care of
new demand in the last two
weeks. Some people are spend
ing as much as $40 a crack
Evening star., 1960-07-24
BOYS Nation Rivals
Take | and 7 Posts

The ''Federalist Party" yes
terday solved the problem of
two popular candidates by
nominating one for president
and the other for vice presi-
dent.
This example for senior
statesmen came out of the
nominating conventions of the
18th annual Boys Nation.
sponsored by the American
Legion.
Both the "Federalist Party
and the Nationalist Party"
went through multiple ballot
ing at the University of Mary
land before they came up with
their party leaders.
The Federalists had two can
didates running neck and neck
for the presidency until the
fifth ballot, when Lucien Di
Fazio of Wethersfield, Conn,
defeated Cornelius Dolby OF
Warren. Ohio. The convention
then picked young Dolby fol-
vice president on the second
ballot.
The Nationalist went through
seven ballots to pick Lynn S
Sutcliffe, Bellevue, Wash, fol
president and balloted sever
times again to choose William
E. Jones, jr.. of Ashland, KY.
for vice president. All the
candidates are II.
The only unanimity for Ell.
ther party was in the choice Of
a party chairman. Douglas w
Warner of Tyler, Tex, was
picked by the Federalists anc
jeff r. Chang of Portland
Greg, was the choice of the
Nationalists.