davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-02-14
900
9-DesiIu Playhouse. Dromo

S-OeSNu FtovnouSe' CIGI''H'
! Hour. Thunder in the
Night" By Sheldon Reynolds
and Roy Allen The operator OF
North Africon gambling casino
becomes involved in the Stote
Departments ottempts 10 choke
the troffic in counterfeit Ameri-
can passports. Desi Arnoz, Akin
Tomroft, George MocReody, Rod
ToyIor.
$50
4-Mosquerode Porty. Color
Bert Parks, host.
5-SeotIond YoTd. Crime.
1000
4-covoIeode Of Sports.
Billy Hunter vs.. Eddie Mochen.
Ten rounds. Heovyweiehts. Mod
son Squore 0orden.
5-Ponic. Dromo.
1.-The Detectives. Crime.
Twelve Hours to Live" 1t.
Russo is abducted and held os O
hostage. Robert ToyIor, Lee
Forr.
s-TwiIisht Zone. Drama.
"EIeoy," by ChorIes Beaumont.
A spoce ship is lost in an un-
chorted corner OF the universe.
Cecil KeIIowoy, Jeff Morrow.
Don Oubbns.
1890
5-Bis Story. Oromo.
Friday Listinss Cont. on Next Pose
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-01-19

diamonds, continued with the
queen Of diamonds, and then
led the deuce of diamonds.
South was a city slicker who
knew all the tricks. He ruffed
in dummy with the ten Of
spades to shut East out. Then
declarer led the three of spades
from dummy. East played low,
and South f1nessed the six Of
spades fro mhis hand!
This spectacular finesse was
based on the fact that West
had made a cue-bid of two
spades. This almost surely
promised a void in spades, to-
gether with great strength In
the other three suits.
Leads Heart
South continued by leading
his singleton heart toward
dummy. West stepped up with
the ace of hearts and led the
ace of diamonds. Declarer was
ready for this. He ruffed In
dummy with the queen Of
spades and still had the ace
king-jack Of spades in his hand
to draw the rest of East's
trumps. 1t was for this rea
son that he had finessed the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-01-19

six Of spades on the first round
Of trumps.
At this stage declarer led the
king of hearts from dummy
planning to discard his losing
club. He would then draw
trumps and cash his last dia-
mond. Three cheers for the
city slicker but four tricks for
the pure country maid did
you forget about herO
East was our good little girl.
When dummy ruffed the third
diamond with the ten Of spades
East discarded a heart. And
when dummy ruffed the fourth
diamond with the queen Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-01-19
SHERWOOD
ON BRIDGE
BY ALFRED SHERWOOD
q. s Masters Team Champion
Brilliant PIoy
Not Good ENOUGH

DAVID CRANE

BE good" is the poets ad-
vice, land let who can be
clever" He wasn't writing for
bridge players, but the senti-
ment applies. Look at the
battle between the city slicker
and the country maid in this
hand.
South dealer.
East-West vulnerable.
NORTH
AQ1073
3KlO73
o95
WEST EAST
= A9852
VAQ865 2J42
oAKQ2 u73
%KQ63 @J1O42
SOUTH
AAKJ64
%
J10864
@A5
SCUM west North East
ga Pass
- Double All Pass
Opening lead: Diamond king.
West opened the king Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-01-19
What do you bid?
BY Roy crons

WnaC 90 you DIG?
swer: One heart. The
hand is not quite strong
enough for a forcing bid II
partner has a poor At for
hearts you cannot be sure Of
game in a minor suit. You
will, Of course, force to game
If partner responds to your
opening bid.
tcopyriRht, 1860. Gen. Features Corp. +,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-01-19

spades, East discarded another
heart. AS a result, East was
able to ruff when dummy led
the king Of hearts. This pre-
vented South from discarding
and thus doomed the game
contract.
Daily Question
AS dealer you hold:
A. 0AQ865 oAKQ2 Ak Q63
Evening star., 1960-12-03

APARTMENTS RISING IN ARLINGTON
The second Of three buildings River House nesns eompson
400 South Joyce Arlington, ready occupancy
early year. The luni l6-soy building,
first building right will have swimming pool Edwin
the architect casrx Construction Co. builder The
jointly owned by he caf orsanzotion snd Cherries Tompkns
Co. Exavoon work eeedy hos started for the third River House
buidns.-StoF Stoff Photo.
Evening star., 1960-12-03
Preparation

II the old coating on any
surface which you are plan
ming to repaint is still glossy.
remove the sheen with iine
sandpaper, steel wool or one
Of the Liquid sandpapers"
sold for this purpose. This
win insure that the new
paint. varnish or enamel win
adhere tightly.
Evening star., 1960-12-03

GOLD MEDALLION HOME. BeeuifuI OIL electric Ar-cen-
dtened Rembsr. 1872 sq f. on one isvsswith electric
eessboo'd heat Huge living with sploes and " slid
Ing doefs opening onto oiousisd porch Wo-out bose
snt with pensed rscrsation reom sliding gloss doors TO
patio. Contisvered boleony- S3@.9S0
, 1960-04-11

LOW III OF CIVILIZATION
THE WHOLE WORLD is greatly disturbed by
events in South Africa. People everywhere are viewing
these events with alarm, and wondering how such
things could happen in this day and time when civil
cation is supposed to be at its height. But they are hap
pening, and even though the whole world may be dis
turbed about it, the government of South Africa just
goes along its merry way apparently unmindful Of the
rest of the world.
ATE TURN in the events is literally beat
ing, whipping and clubbing people in order to get them
to work. Police, armed with rifles and fixed bayonets,
sub-machine guns, bull whips, clubs, and everything in
the arsenal of an army, are forcing natives back to work.
PROOF OF desperation in which the govern
ment of South Africa finds itself is the way in which ma
tives are brutally forced to go to work. Nowhere on
earth is there any law which says that any government
has the right to go into peoples homes and force them
&c get cut and Sc te work.
BUT FURTHER, the hated and dreaded pass books
have become law again, and the volcano may again
erupt at any time. A pass book is hated because of what
it represents. A pass book, which must be carried at all
times, ~circumscribes the citizen and requires that he
explain why he is or is not in a certain place at a certain
time. For example, a resident of Christiansted, It he were
in the same position, would have to explain what he
was doing on the road outside of town, and why. In
other words, if he decided to go to Annals Hope, and did
not have permission, he could be put in Jail without
trial, fogged, or fined heavily.
IT LAS BEEN discovered that without cheap ma
tive help the economy of South Africa is ruined. Put
another way, the biggest essential ingredient OF the
economy is cheap labor. The Government is therefore
determined to use that labor at all cost, even at the point
of the bayonet, or in rivers of human blood. That policy,
and the determination TO carry it out may well be the
beginning of the end.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18
Tax Relief
On Mortgage
Stock Vetoed

President Eisenhower has
vetoed a tax relief bill which
would permit financial institu-
tons to deduct as business ex-
penses of losses on stock they
are required to buy in the Fed
eral National Mortgage Asso-
citation.
When a financial institution
sells a mortgage to the FNMA
1t is required to purchase
FNMA common stock at PAL
value in an amount equal to
per cent of the unpaid princi-
pal of the mortgage. The mar
ket price for this stock has
been appreciably lower than its
par value.
Mr.. Eisenhower, in his veto
message yesterday, said he was
sympathetic with the detectives
OF the bill which would permit
business expense deductions OIL
losses incurred in the subse-
quent sales of such stock.
He said he vetoed the legis-
lation because it would apply
retroactively in a highly dis
crlminatory manner"
This provision would have
benefited only those institu-
tons which previously had
claimed such losses as contrary
to the announced policy of the
Internal Revenue Service.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18
Earnings
Peoples Gas Light & Coke

Peoples Gas Light e. Coke in
II months ended March 81
earned $24.549,465 or SALT g
share VS.. $2l,641,788 or $685.
in 1859.
Gimble Bros. in II months
ended April 80 earned So.
094,000 or $4.97 share VS.
$8,633,O00 or S4.20 in 1859.
n. Y, Chi. e. st. L. r. r. in 4
months ended April 80 earned
S4,l83.344 or 81 a share VS.. S4.-
494,752 or $1.08 in 1859 period
goth Century-FOx in Is weeks
ended March 26 earned ST.
602,282 or SO cents a share VS.
S929,976 or Al cents in 1855
period.
Brown & BigelOw in yeal
ended January 81 earned ST.
9l1,596 or $1.5l a share VS.
$2,3l9,l6l or $l.84 in 1859.
Knott Hotels in 3 months
ended March 81 earned $l78,-
585 or 38 cents a share VS..
Sl59,l83 or IS cents in 1859
period.
Other earnings included:
For 3 Months Ended March II
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18
BUSINESS
BRIEFS

Wholesale Food index, based
on the cost of a pound each Of
81 foods in general use, this
week advanced to 1894 from
1898 last week and was 2.6%o
below the like week a year ago.
DUN e. BRADSTREET.
Business Failures in the week
ended May IL totaled 304, COM
pared with 1927 in the previous
week and 31l in the like week
a year ago.-Dun & Bradstreet.
Electric Power Production in
the week ended May IA totaled
l3,350,000,000 kilowatt hours,
compared with 13,139,O00,0 900 in
the previous week and was So
per cent above the like week a
year ago.-EdiSon Electric In
stitute.
Spencer Chemical Co. direc-
tors approved an agreement for
Spencer to acquire all assets of
the Pittsburg & Midway Coal
Mining Co. in exchange for
common stock.
Shareholders of the 500 line,
Wisconsin Central g. Duluth,
South Shore and Atlantic Rail-
roads voted in favor of their
merger, sending the plan to the
Interstate Commerce Commits
sion for approval. The merged
system will be known as the
500 Line Railroad Co., with
offices in Minneapolis.
International Business Ma
chimes Corp. announced organ
ization of a research institute,
said to be the first of its kind
in the computer industry.
Freight car deliveries totaled
5,579 in April compared with
$3.50 in March and 3,741 in
April, 1859. Backlog of cars
on order on May l totaled Al
DOB compared with Abb a
month earlier and 35,479 a year
earlier.-Amer. Rwy. Car Inst.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18
THE ABC OF MUTUALS
Aware Buyer Is Best Safeguard
Against Abuses in Mutual Funds

emphasis should be placed on
the control of solicitation for
the sale of mutual funds and
other unlisted securities for
which information concerning
financial positions, market
value and the like are not as
readily available as for Securi-
ties listed on the major stock
exchanges"
The SEC does bar fraudulent
sales, requires confirmation of
transactions, demands financial
responsibility through set
ratio between debt and capital,
requires keeping of books and
records of transactions with
customers, as we'll as an annual
filing of a financial statement
along with an independent
audit.
The NASD says, in its latest
report. that after 10 years Of
an enforcement program, litera-
ture problems could have been
expected to be eliminated.
A Volatile Business
This might have been the
case if Americans were not the
ingenious people they are and
If the securities business were
not the volatile and expanding
business 1t is.
The facts are, however, that
while the literature and adver-
Using of investment company
shares are enormously i'm
proved, the problem of keeping
them that way is Just about as
great as ever.
Just because the mutual fund
business is big and growing
doesn't mean it is bad
SalesmanShip is vigorous. and
the pushing of an attractive
package, particularly to a
householder of moderate means
who cannot take the time to
check the stock market him
self. can produce pitfalls.
There are safeguards in the
law. but nothing is as sure as
the individual purchasers read
ing the fund prospectus.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18
YOUR
MONEYS WORTH
Eisenhower's Budqet Score
BY SYLVIA PORTER

When Mr.. Eisenhower came
into office in mid-l953, he
vowed repeatedly to balance
the budget, slash spending, cut
the national debt. He is going
out of Office with the budget
balanced after, to put it dis
creetly, a checkered record.
History will give him an "A
for Effort but 1 wouldn't pre-
sumo to guess how much more.
Distributed 1860 by The Hall Syndi-
cate. Inc All Rights Reserved
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18
TOBACCO MARKETS

UPPER MARLBORO. Nd. May Is
/ tAPl iUSDA) - Prices turned down.
ward again yesterday on the Southern
Maryland Auction Tobacco Markets
after showing increases on Monday
The Federal-State Market News SerV-
ice reports nearly two-thirds Of the
Grade aVerages were lower than on
Monday. Most decreases amounted to
81 and So a hundred pounds Several
Grades were at their lowest levels of
the year
Less tobacco was sold than on Mon
day but volume was still fairly heavy
A larger percentage of lower quality
offerings was on the floors today.
Poundage sold Monday was the larg-
est since opening day Net turnover
amounted to 941 ,444 pounds and aver
aged SBl IS hundred. This was SO
cents above last Fridays figure. Season
sales were pushed to 9,496,64 pounds
averaging So 10
Auction bid averages per hundred
pounds on limited number OF repre-
sentative United States grades were
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18
Shoemaker Elected

PITTSBURGH, May 10 CAP) .
C. Albert Shoemaker is the
new president of Consolidation
Coal Co. He was named to sue
coed the late A. R. Matthews.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18


the Federal budget for the yea,
ending June 80 will be in bal
ance-with perhaps the yer!
tinieSt of SURPRISES.
Ever since the disclosure O
the March Is tax collections
from corporations. there ha.
been considerable skepticlsn
that the Eisenhower Admins,
tration could manage a bulge
in the black for its last veal
in Office. The steel strike Gu
far more deeply into corporate
profits than the government
had predicted.
Now the Treasury is diScov'
ering that the April Is tax col.
lectionS from individuals moi
under withholding are running
far ahead of predictions, anc
the higher tax take from indi,
viduals is likely to offset to a
major extent the lower tax take
from corporations. Assuming
no sudden Step-up in defense
spending in the last few weeks
of June. the budget for this
year is heading for balance at
around S87 billion.
What does this mean?
1t means that the Federal
budget is distinctly not a slim
ulant to the economy now. A
year ago at this time, the
Treasury was winding up a
year of the greatest peacetime
deficit ever-a year in which it
had poured $l24 billion into
the business stream over and
above the total it had taken
out in taxes, and by so doing
had deliberately spurred &C
tivity, created jobs, fattened
paychecks. Now there is no eX-
cess spending over the tax
take, no stimulant from the
budget al all.
1t means that the budget
statistics alone are acting as a
restraint on initiation. Actually
the Presidents forecast IN
January that the 1861 budget
would show a surplus of S4.2
billion was a terrific blow at in
hation psychology.
1t means that the reputation
of the United States dollar is
being enhanced in financial
centers around the world. For
eign bankers are acutely aware
of our governments spending
trends, will interpret a bal
anced budget as a signal that
we have our financial affairs
under control, are battling in
flation with orthodox money
policies.
1t means that the Treasury
won't be competing with priv
ate borrowers or State and local
governments in the market for
funds. The biggest competitor
of all is bowling out, leaving
the money markets to the rest
of us.
1t means that a significant
force behind the upSurge in
borrowing rates in l959-the
Treasury's huge demands for
funds-has disappeared. This
switch is tending to stabilize
and reduce interest rates.
And now that President Ell
senhower is closing his budget
books, how does his perform
ance shape up against PreSi-
dent Humans?
Mr.. Eisenhower will show
four budgets in the black, -four
in the red in his eight budget
years from mid-1953 to mid
1861. Mr.. Truman showed three
budgets in the black, four in
the red in his seven budget
years from mid-1946 to mid
1858.
Mr.. Eisenhower will show
spending averaging around S72
billion a year in these years
Mr.. Truman'S average was
around S48 billion.
Mr.. Eisenhower will leave the
White House with the national
debt at about $3.50 billion. cost
ing around $9.5 billion a year
in interest. Truman left with
a debt of 1855 billion, costing
SOS billion a year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18
BY WILLIAM HINES
Star Science Writer

MONROEVILLE, Pa, May
l8-Steel is preparing a mas
Sive COunter-a attack against its
arch-rival, aluminium, on two
sectors of the home front.
This became apparent at the
dedication yesterday of an
Electromechanical Engineering
Building at the United States
Steel Corporations multi-mil-
lion dollar research center here,
Two of the products demon
Strated at the ceremonies made
clear that the steel industry is
about to combat the inroads
Of the lighter metal.
These two products are:
l. Thin tin" a container
material half the thickness of
standard tin-plate steel used for
cans.
:. Vlnyl-COated steel. a hand
some, versatile and reputedly
durable material designed to
elbow aluminium out of the
construction business.
Huge COntainer Market
Of the two, vinyl steel has
the most eye appeal, but United
States Steel executives appar-
emily are hoping that the less
"SeXy" thin tin will catch the
eye of the huge container
market.
Especially appealing to steel
men is the idea that thin tin
may grab some, if not most, of
the lucrative business of nv
dinner" containers. Aluminium
now has a latch on the plates
and trays which hold oven
ready, pre-procesSed frozen
foods.
AS its name implies, thin tins
difference from the ordinary
can material is in its gauge. A
regulation coffee can is made
of low-carbon steel plate $1,000
inch thick. Thin tin is 4/100C
inch.
Saves on Shipping Cost
Being thinner, the light
gauge metal reasonably would
be expected to be cheaper, once
in volume production. However
the saving on material would
not be much-a little over one
one hundredth of a cent on a
ione-pound coffee can seems
likely. But because weight
could be cut in half, substantial
savings would be effected ir
mill-to-fabricator shippine
charges.
The vinyl steel shown yester.
day offers new decorator" eff
fectS both in house interior!
and on appliances and furniture
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18
TREASURY BONDS

NEW YORK, May IS CAP).-Yester.
SSssys cIoslne over,the counter United
states Government Treasury bonds
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18
Inadequate Books

In addition there are cases
Of inadequate books or records,
and failure to record the date
and time of requests for re-
demption so that it is impos-
Sible to find out if investors re-
Ceived correct net asset value
Purchase and sales journals
may not be kept, or vouchers
for out-of-pocket expenses may
be lacking.
The burst of mutual fund &C
tivity, with its pressure sales
to individuals of moderate TO
low income, inevitably spread
to military posts. The Army
with SEC approval, in 1853
worked out a section of an
Army regulation to deal with
the situation. 1t says special
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18
FOREIGN EXCH'GE

NEW YORK, Nav Is AP).-Foreign
exchange rates Great Britain ano
Australia in dollars, others in cents
ana decimsls Of cent?:
Today Prev. Day
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18
OVER COUNTER

WASHINGTON listingS on ovpr-the-
counter markets furnished BY the Ma
tlonal Association Of Securities Dealers
as oil 1 pm. Wednesday. May Is:
Rid Avke
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18
BY ALAN EMORY
Distributed by North American
NeVspaper Alliance

A business heavily spotted
with part time and lightly
trained statesmen is wide open
to abuses.
Inspections of mutual fund
activities have turned up plenty
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18
New Thin Steel Items
Nav Elbow Aluminium

The walls of the new Electro
mechanical Buildings lobby are
finished in a soft gray vinyl
This plastic material is flowed
onto the steel sheet at the mill,
and can be given any texture
that can be etched into a
printing plate, according to its
developers.
Vinyl in COlOrS
Though United States Steel
showed only single color vinyl
steel, it is understood that
multi-color effects can be pro-
duced by more advanced pro-
duction methods.
Vinyl steel is only one of a
variety of forms in which the
metal is being offered to build
ers. Another is stainless steel
at cost reputed to be about
Z cents a square foot lower
than the 100-hour anodized
aluminium usually specified for
outdoor surfaces.
Stainless is also on the mar
ket as a rival to aluminium
as a Window-frame material.
Standard rolled shapes are now
available. which can be cut and
formed into frames, just as
eXtruded aluminium is used. The
first large scale use of the
material is on windows of the
new structure here.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18

dictated by guaranteed COM
mission income promised to the
brokers in advance. Another is
a rapid portfolio turnover with
out proper notice to sharehold-
ers. Often the trading is done
through a broker who happens
TO be a fund sponsor, director
or adviser.
The SEC says that statesmen
often promote the sale of mu-
tual fund shares just before
dividend payment dates with
out explaining the dividend to-
tai is included in the purchase
price on which the commission
is based, while the dividend
money is a capital return on
which the shareholder must
pay income taxes.
Sometimes stakeholder APP
proval is not obtained for
changes in basic policy or ad-
viSory contracts. Other times
affiliations of directors are i'm
proper. the underwater and the
fund may have an unpublicIzed
or Illegal link, appropriate f1del-
lty bond may not be filed. Gus
tody of portfolio securities does
not comply with the law.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18

W ABUSES.
Inspections of mutual fund
activities have turned up plenty
Lost OF q Series
of these. though probably no
more than have existed in the
securities business as a whole
Many of the sales organiZa-
tons are not controlled either
by the mutual fund or the in
veStment advisers. The sales
men are not registered with the
Securities and Exchange Com
mission; but if they are en-
ployes Of broker-dealerS who
are members of the National
Association of Securities Deal
erS. they are listed there. The
NASD has competency tests and
experience qualifications that
these statesmen must pass or
meet
The NASD says frankly that
1t cannot stop the way a sales
man can make his pitch, but
it can lead him in the right
direction"
A mutual fund acting above
board doesn't look for trouble
Not being responsible for the
sales activities, it often fails to
hear about unfortunate prac-
tees until too late.
Sharp Growth
Any business that has grown
as fast as have the mutual in
vestment funds is prey to sharp
practices. From the 1914 low
point of 81 billion, the market
value of assets in funds has
risen to more than $40 billion.
Since 1949 there has been a
year by-year increase. 1t was
1913 billion between 1854 and
1855, SO billion between 1853
and 1859. The number of reg
istered companies has gone
steadily up since 1852.
One of the abuses prevalent
is the unnecessary buying and
selling of shares just to work
up trading commissions for
brokers who may be relatives
or friends. Sometimes sales are
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18

seconds.
Partially tax exempt.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18
sSS Weaver Bros. Inc. frs,

6os District 1880 sssofsMogsse 5snkss-Sines 1888
mortgage o" correspondent for METROPOLITAN LIFE INSURANCE CO
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-18

Among the distinguished neiohoors sur
rounding PENN II are twelve major
government agencies, including the
WHITE HOUSE, the new Executive Of.
fees, the State Department and the
international Bank.