davidaulloa/AmericanStories huggingface dataset:
The journal. (Caldwell, Ohio) 1934-1961, 1960-09-01
Look Who's Here!

Mr.. and Mrs. Dwight Davis of
Malta route l are announcing
the birth of a son, Aug. 19. The
infant weighed eight pounds and
has been named Steven Derwin.
Harry Miley of Sarahsville and
Mr.. and Mrs. Cecil Davis Of
Stockport are the grandparents.
The journal. (Caldwell, Ohio) 1934-1961, 1960-09-01

Trina Lynn is the name given
the six pound, six ounce daugh-
ter born Sunday, Aug. q, to Mr..
and Mrs. James Hayes of Old
Washington. Grandparents are
Mrs. Iona Tripplett, Pleasant
City, and Mr.. and Mrs. Foster
Hayes, Old Washington. Mrs.
Blanche Stallings, Old Washing
ton, is the great grandmother.
The journal. (Caldwell, Ohio) 1934-1961, 1960-09-01

Mr.. and Mrs. Richard Bailey,
of Spruce street, are announcing
the birth of a daughter, born
Aug %, in the Marietta Memoir
ial hospital. The infant weighed
five pounds, II ounces and has
been nam d Lisa Lorraine.
Grandparents are Mr.. and Mrs.
w. M. Bailey, of Narrows, Va,
and Mr.. and Mrs. Howard Nc
Kinney, of Oxford, Pa. The
father is an employee of the
American Electric Power Ser
vice Corp, New York City, NY.
The journal. (Caldwell, Ohio) 1934-1961, 1960-09-01

Mr.. and Mrs. Delbert Butler,
of Caldwell route, announce the
birth of a six pound IL ounce
son in Guernsey Memorial hos
pital on Wednesday evening,
Aug. "a.
Evening star., 1960-08-01
PEOPLE
BUSINESS

Joseph Cangal6si, vice presi-
dent Of National Publishing
Co., and Edward J. McArdle
vice president of McArdle
Printing Co.. have been elected
directors Of Printing Industry
Of America.
James r. ConnelI. formerly
financial analyst for the
Securities and Exchange Com
mission. has joined the tech
pical staff of Orsinger and
Dooley. Washington law firm.
He will analyze investment pro-
grams Of institutional clients.
Stanley Osborn has been
been named nonfood mer-
chandise manager for the
Washington Division of Safe
way Stores, Inc.
Oscar A. George has been
appointed sales director for
Equity Annuity Agency, Inc,
1925 Connecticut avenue NV.
Ted ID. Lewis Of Woodward &
Lothrop and Robert Gel
sleichter Of Fulford's Colony
were cited by Radio Corp. of
America as among the leading
color television set statesmen in
the Nation.
Evening star., 1960-08-01

ties of the American Institute
of Banking.
4 The display, set up yester-
day. will run through this week
under the auspices of the
Washington chapter Of the in
stitute. 1t includes special lit
erature. educational trophies
awarded for outstanding scho-
lastic achievement TO members
Of the chapter and the insti-
tute's slogan: ITO Establish
and Maintain A Recognized
Standard for Banking Educa-
tion" occupies a prominent
place. g..
Participating in setting up
the display we're: Mrs. Ruth
Crenshaw Of the American
Security & Trust Co. and Allen
A Campbell. Of the National
Savings and Trust Co., both
board members of the WASH
ington chapters and co-chair-
men of its Committee on Pub
licity and Public Relations. AS
sisting them were Mrs. Martha
Foxwell. Miss Ruby Loboda,
Miss Edie Roach and Tony
Romero, Mrs. Rosemary Kinsey
and Frank Sandow. members
of a special committee
Evening star., 1960-08-01
Cos Light Earnings
Show Gain in Year

President Donald S. Bittinger
of the Washington Gas Light
Co. today advised shareholders
that net income for the year
ended June 80 was $6.93O,955.
He said this was equivalent to
Sab a share of common stock
compared with $3.50 a year
ago.
Earnings for most recent IL
months show the effect of the
unusually cold weather ex-
perienced in the latter part of
this years heating season."
Mr.. Bittinger wrote. Based on
normal temperatures during the
remainder Of the year, earn
ings for the calendar year 1860
are expected to be somewhat
lower than for the period ended
June 30"
The president pointed out
that sale Of the balance of the
company's West Station land.
site Of a former gas manufac-
turing plant at Twenty-sixth
and G streets NV. was con-
summated at a price of about
SO million, The land had been
under a purchase option agree
ment for several years.
Evening star., 1960-08-01
Booth to Receive
Award From
Executives Group

Arch N. Booth, executive vice
president of the Chamber OF
Commerce Of the United States
and noted economist, will re-
ceive a special award for his
leadership in business.
He has been named Volun-
tary Leader of the Year by the
American Society of Associa-
ton Executives, 1000 K street
NV. This was announced to-
day by Glenn B. Sanberg, the
society's executive vice presi-
dent.
The award will be presented
to Mr.. Booth at the society's
4lst annual meeting, French
Lick, Ind. August 28-Septem-
ber l. The award is gold
Hercules statue, which symbol
ICES top leadership in business
and association work. For the
first time it was awarded last
year to George Romney. presi-
dent, American Motors Corp.
Mr.. Booth established the ia
nous Arcade" that visits
cities throughout the country
to inform business leaders on
national legislation. He has
built a Nation wide field staff
to serve trade associations and
local chambers of commerce
and brought them into a closer
working relationship with the
National Chamber.
He is the son of a Kansas
farmer. who worked his way
through the University Of Wi
chita and began his business
career in a bank.
Evening star., 1960-08-01
CHICAGO
LIVESTOCK

:, CHICAGO. Aus, tAP) cUsDA,.--
24O lbs steady; few early sales 25
lower; weights over 24O los fully
steady; SowS steady, instances *
lower; limited shipping demand: mixed
lots - 2O0-220 ID butchers lN.15-
1900, twenty-nine head at 1900:
mixed lots l-2 and mixed 3 10000
lbs S.5O-l1: 10: bulk Of supply mixSd
lots l-3 and mixed % laO-o1O lbs
lG15. $50; mixeo % ana rs 210-
800 lbs y I,50-1S.n0 mixed grade "-3
and IS aoo-4oo 10 sows l5.0G- Il 90;
mixed nj GRADE 2-3 and IS 400-550 lbs
Cattle 1000; calves Ioo; steers
steady to fully 30 higher; heifers
steady TO 25 higher, but mostly steady
cows steady to @5 higher: bulls and
vealers steady: Stockers and feeders
steady: two loads prime l.@2S lb steers
y ~; q load OF prime 1925 lbs at
600: LOAD lots high choice and mixed
choice and prime $50: several loads
mixed hiGh, choice and prime 2725-
$3.50: 5000 TO ayerase choice % So
%. -: most averase choice IS 90
% -: mixed good and choice "a 90
24.15 with few 95O-1 .O5O ID year
lings $500: mixed standard and good
steers ~ 50-22 so: q load mixed cut
ter and utility 900 lbs l6.OO-1p.T5:
good to high choice heifers 81 80
25.25; most choice - .00-25.O0 with
some around LOO lbs down to $3.50:
utility and standard 16.50-21.25: util-
tty and commercial cows l3.5O-16.0O:
ity and commercial bulls 1900: good
and choice vealers % 3.0O-27 90: ctills
dow nto 200 load good 43s ID stock
steer calves IS so
Evening star., 1960-08-01

ond quarter totaled $3,595, 800
against $3,025.200 for a year
ago. :.
Earnings for this quarter
were 43 cents a share. compared
with So cents a year ago.
During the three months
ended June 80, the company
spent $9.273.000 in the expan-
sion of its facilities.
Sales for the second quarter
totaled 045,406,00O kilowatt-
hours compared with 966,l53,- =
600 kilowatt hours last year.
an 8 per cent increase. Op-
Grating costs. totaling $l5,l48,-
600, up Z per cent.
Net income for the year ended
June 80 was $15.963, 900 against
ll,959,000 a year ago. Earn
ings totaled $l.94 on the 7,438.-
869 shares outstanding, against
$l.44 on 7.258,794 shares out
standing on June 80, 1859.
Evening star., 1960-08-01
SY SYLVIA PORTER

give its existing owners a bet
ter market in which 10 buy and
sell.
Ownership BrOadened
Most corporations want to
broaden their ownership these
days. Many families or small
groups owning corporations
have been forced to the realiz-
alton that they need the facil-
tiles of an exchange to sell
or rearrange their holdings.
There's no question that after
listing Of its stock, most cor
porations sharply expand their
number Of owners.
Second. a corporation will
list its stock to make it easier
to raise the new capital it
wants at probably a much
cheaper net cost.
This reason Is at the heart
of most decisions to go pub
lie" Few families today have
sufficient capital to feed their
concerns with the money es-
sential to growth. A corpor-
alton with a listed stock usually
is in a far superior position to
sell new shares to raise big
amounts of cash.
OF course, there are other
reasons. but these are the two
big ones intensifying the trend.
! Distributed 1860 by The Hall syndi-
cate, Inc. All Rights ReservedJ
Evening star., 1960-08-01
Price. Growth Fund
Has Sharp Increase

T. Rowe Price Growth Stock
Fund. Inc. reported total net
assets increased to $33,984. .629
on June 80, a gain of 81 per
cent from $22,488,443 on the
same 1859 date.
The number of stockholders
increased 3,6l7 or SO per cent
in the year.
Net asset value per share in
creased 81 cents or 81 per cent
and net asset value per share,
adjusted for capital gains dis
tribution Of so cents a share
last December, increased $1.31
or 9.S per cent,
Evening star., 1960-08-01
$500 Million
Bridge-'Tunne|
Issue Ready

A financial program for the
construction of q 171a-mile
bridge-tunnel across the Lower
Chesapeake Bay. from near
Norfolk, Va. to the southwest
tip Of Virginia's Eastern Shore,
was signed today.
This calls for the marketing
of 5000 million in revenue
bonds and officials said it was
the years largest public offer
ing Of tax-exempt securities. "
Work on the project Is slated
to start in about 80 days and
be completed January l, 1864.
Maturing in the year 1000 are
three series of bonds: The
Series A bonds, totaling $40
million principal amount, bear
a "A per cent coupon: the
Series B bonds, amounting to
$50 million carry a 51a per
cent coupon and the Series C
bonds, which are for 5A per
cent. All will be offered at
par, or 100.
Underwriting managers for
the bond issue are: Allen SS
Co.. Merrill Lynch. Pierce, Fen
ner g. Smith and First Bos-
ton Corp. & Willis, Kenny
IL Ayres Of Richmond, Va.
General contractors for the
job. acting as joint venturers,
are Tidewater Construction
Corp. of Norfolk, Merritt.
Chapman & Scott Corp. New
York, Peter Kiewit Sons Co.,
Inc. Omaha. Nebr. and Ray
mond international Inc. New
York. Consulting engineers
are Sverdrup & PARCEL of
st. Louis and Washington.
Evening star., 1960-08-01
Chemical & EIectronic
Buys Baltimore Firm

Chemical & Electronic Re-
search Corp, in which there
is a large Washington area in
terest. has purchased the CRC
Corp. Of Baltimore and will
operate it as a subsidiary, 1t
was announced by President
Raymond L. Cohen.
The subsidiary is a private
label formulator and packer
for aerosol and chemical prod
ucts. The parent firm, with
headquarters also in Baltimore
markets chemical products for
consumer and industrial use.
Evening star., 1960-08-01

at closer range. motorist may
follow too closely and crash.
The magazine cited the Post
Office Department and Grey
hound Bus Corp. for successful
use Of reflective materials.
AutOm0tive Industries, noting
a gearing up of British auto
plans. says British Motors Cor
pOration has a $40 million pro-
gram to raise total production
from 100000 to a million units
by 1862. 1t will involve new
major factories in Scotland and
Wales.
Standard Triumph's new as
sembly building at Coventry is
nearly completed and the COM
pany has ear-marked $500 mil
lien for body factory in Liv-
erpool,
Jaguar's acquisition of Daim-
Ter puts it in the ranks of Brit
aims big Five" and will make
expansion possible without mov-
ing out of Coventry.
Rainbow Cab No. IS in Wash
ington is a japanese TOyOpet
a million or more Pontiac
owners are about to receive
something new in owner maga-
zines with initial issue of "Sa-
fari" today "A. E. Brit. presi-
dent Of Hambro Automotive
Corp, says imported cars have
contributed $50 million to the
U. S. Treasury in customs alone
during the last IL months . .
Capitol Car Distributors, Ltd.
of Bladensburg. distributor of
VOlkswagen in six states, is
conducting the semi-annual
dealer meeting at Asheville,
N. c., with Managing Director
Alan M. Dix in charge Dan
Fleenor says the Partisan He'll
Divers stunt team put the equiv
alent of more than 200, 900 miles
a season on each of the Simcas
they use.
Evening star., 1960-08-01
YOUR
MONEYS WORTH
Companies Going Public

When Singer Manufacturing,
world-famous maker of sewing
machines, put its stock on the
New York Stock Exchange re-
Gently, it drew attention to the
extent to which American COM
panies are going public" and
listing their stocks on securities
exchanges.
Going public" has now be-
come a major financial move
ment and, as such demands
a report and explanation.
In recent years, Ford. Camp
bell Soup, A&P, Upjohn, have
given up their status as closely
held family corporations and
have listed their shares on the
New York Stock Exchange.
There aren't more than a hand
full of American companies
with household" names that
still are privately owned.
Trend is Increasing
So far this year 81 corpora
tions with assets of more than
S2.5 billion had put their stocks
on the New York Stock Ex-
change alone. This was the
highest first-quarter total in a
quarter-century and admissions
to the Big Board in 1860 are
sure to topple the previous peak
of 81 set in 1916. On the Ameri-
can Stock Exchange, which has
less rigid rules for admission,
listings so far this year number
go and for the full year are
expected to reach 100.
And not only are established
companies in basic industries
going public" but also firms
which few of us ever heard OF
before.
As Keith Funston, president
Of the New York Stock Ex-
change, remarked, Some of
those qualifying for our Board
were formed only a few years
ago or were small and un-
known. They're in the indus
tries of the future - in eiec-
tronics. jet engines. vending
machines, photocopying, the
like"
Going public" and listing It's
shares compels a corporation
to meet specific standards. FOR
instance. to be admitted to
the NYSE. a corporation must
have net assets of more than
So million, have earned more
than 81 million net annually
under competitive conditions
must have at least 400 SOC
shares outstanding outside the
family, more than $500 stock
holders. Considering the ex-
pense, responsibility and trou-
BILE involved. why should a
corporation bother? Here's
why:
First. corporation will list
its stock on a major exchange
to attract the attention of in.
vestors, to enhance its prestige
and. by so doing, to increase the
number of its stockholders snc
Evening star., 1960-08-01

are to replace the two Buick
dealers here, Mr.. Horner and
Emerson & Orme, which re-
Gently went out of the new car
business, with a new dealer. At
present. Washington has only
one Buick leadership, that of
Otho Williams Buick, Inc, ITO
Good Hope road. Sc. But there
are a number in the suburbs.
Buick officials hope that a
lease for the new leadership
will be signed in the near future
with a type of facility needed
to handle service for the Buick
owners here"
Began in 1911
Mr.. Horner, who was born
September 3, 1888 in Berkeley
Springs, w. Va, in January 1911
began to represent the Buick
Arm as a salesman. That was
in the days when the manufac-
turer handled the retail busi-
ness also. He became assistant
manager and in October 1915
was advanced to manager of
the firm here.
Then, he recalled. when Buick
decided to go out of the retail
business in April 1917, Mr.. Hor-
ner resigned as manager and
became a Buick dealer. A grad
uate Of Business High School
and a District resident since
1892. Mr.. Horner was an engi-
neer officer in Naval Aviation
in World War I.
He served in England and
France.
After the war, he came back
to his Buick business, having
had a man running it in his
absence. At 10l5 Fourteenth
street NV, Mr.. Horner built
a building after the war and
stayed until the Federal Gov
ernment took it over during
World War II and the Civil
Aeronautics Authority occu-
pied it. This building is now
occupied by the Wall Street
Journal, but Mr.. Horner still
owns it.
Moved in 1857
Mr.. Horner had his service
and general Offices at Seven
teenth street and Kalorama i
road NV. He had his sales de- i
partment at 1929 Fourteenth (,
street NV. But in October. /
1857. he moved across the
street to 1926 Fourteenth street /,
NV. and this is now closed.
The shop was closed last week
and Mr.. Horner was host at
a party to his employees. At
the end there were 80 left of
the IS that had previously been
on the payroll, he said.
Mr.. Horfer is now out of
Evening star., 1960-08-01
ON WHEELS
By CHARLES YARBRoUGH
Owners Manual for Women Drivers?

A winSome young woman o
our acquaintance recentl,
asked for help in determinin,
whether her two-year-old ca
was six-cylinder or an eight.
Icilinder.
This incident couldn't DOS,
sibly have reached the AmeriD
can Petroleum Institute 81
soon, but it dwells on a kin.
dred subject in some recent
advice to both men and WON.
en- on automobile maintenance
At one point. it suggests thai
the man of the house may for.
get to rotate the tires period.
ically, forget to change the oil
and may never have taker
the time to educate the woman
of the house on the basic rules
OF good car care"
The institute, Drawing the
wrath of the woman, says
this is no excuse for her not
to acquire some knowledge OF
the subject on her own"
1t suggests that the woman
OF the house has the RESPONSE
bility for most of the house
hold operations. She tends to
regard the family car as a
cost item on a par with light
fuel. mortgage payments and
other month to month ex-
penses.
And, just as the woman of
the house can often pare
enough from the grocery money
to buy a new dress, so can she
curb automobile maintenance
costs" the institute says.
IF she drives a car and-as
is often the caSe-assumes the
responsibility for the cars
maintenance in the absence of
the man of the house-she has
an opportunity to save money
out Of the overall family
budget"
From many sources. a cam
paign is gathering to get re-
Elective sheeting on wide areas
OF the rear and sides Of trucks.
enabling motorists to recognize
the mass of a truck ahead and
gauge his following distance.
Pointing out that rear-end
collisions are becoming more
and more of a safety problem,
the current issue of Transport
Topics. published here by the
American Trucking AsSocia ton,
says major factors in these are
the conditioned refiexes a driver
develops in normal traffic.
Accustomed to stopping in a
relatively short distance in rou-
tine traffic. a motoriSt may fail
to ADJUST quickly to the longer
stopping and maneuvering dis
tances that 60 with higher
speeds"
The magazine also lists "red
dot confusion" in which the
motorist can't distinguish one
vehicle from another in the
maze Of red taillights ahead of
him. Unable to determine
whether the red taillight ahead
is that of a small car a long
distance away or a huge truck
Evening star., 1960-08-01

the new car business, but hi
explained he will continue with
used cars at Fifth street anC
Florida avenue NE. until he
is able to dispose of them. He
is moving his insurance bust.
ness to 7702 Georgia avenue
NV, and he will continue
this, he said. Mr.. Hornel
pointed out he has the oldest
automobile dealer insurance
license in the District of Co.
lumbia and recalled he got it
when he was working for the
Buick Motor Co.
Mr.. Horner has been presi-
dent Of the National Automo-
bile Dealers Association. was
chairman of its legislative
committee for IL years and is
now director for life. He has
been treasurer and president
Of the Automotive Trade Asso-
citation Of the National Capital
Area.
He is a director of Universal
Underwriters of Kansas City.
At one time he was in the
selling of boats, motors and
engines. He has been a men,
ber of the Columbia Country
Club, the Corinthian Yacht
Club and Kiwanis, is a Free
mason. 32d degree. and a
Shriner. He recalled he is the
senior member on the District
Of Columbia Advisory Commit
tee Of the American Automobile
Association.
Evening star., 1960-08-01
Chance at ANPA

NEW YORK. Aug. / CAP).
Stanford Smith has become
general manager of the Ameri-
can Newspaper Publishers AS
ISOLATION. succeeding Cranston
Williams.
Evening star., 1960-08-01
NEW PHONE CENTER OPENS

This new Bancroft Telephone Center at 1905
King street, Alexandria, Va, was opened
today by the Chesapeake G. Potomac Tele.
phone Co. of Virginia Initially, it will serve
1900 telephones in Alexandria, Arlington and
Fairfax Va, which were cut in Yesterday. The
center can accommodate total of $1,000
telephones, as the area grows, officials
explained
Evening star., 1960-08-01
ALB Activity Display
Opened at ASH

A special display at 9l9
pennsylvania avenue. NV.
branch of the American Secur-
lty g. Trust Co., seeks to ac-
quaint the public with activi-
Evening star., 1960-08-01
Stanley Horner Ends
4o-Yeor Association
VIZ -,
With Buick Motors
By WILLIAM A. MILLEN
Star STAR WrItar

One of Washngons best known business men, Stanley H.
Horner today had reached the of of his
association with the Buick Motor Co. His Buick
dealer came to close officially yesterday was Identified
with Buick for 40 years
Anticpated plans Buick Division Of General Motors
Evening star., 1960-08-01
OVER COUNTER

Washington listings on over-the-
counter markets furnished by the Ma l.
tional ASsocia lion OF Securities Deal
ers as OF pm. Monday. August !:
Evening star., 1960-08-01
FOREIGN
EXCHANGE

NEW YORK. Aug. l CAP).-ForeiEn
EXCHANGE rates tGreat Britain and
Australia in dollars. others in cents
and decimals Of q cent?:
Today Prev Dav
Evening star., 1960-08-01
PEPCO Net Increases
In Second Quarter

Net income Of the Potomac
Electric Power Co. for the Sec
Arizona tribune., 1960-09-30
PARENTHOOD MEET
SCHEDULED

Mrs. Naomi Thomas Cray,
well known traveller and lectur-
er. and field consultant of the
National Planned Parenthood As
sociation. will present some
modern views concerning fam
lily planning at First Institution
al Baptist Church, ll4l East JEFF
ferson, Friday. Sept. 80 at SPIN.
The public is invited.
Arizona tribune., 1960-09-30
DESECRECATION
N. Y. STYLE

NEW YORK CITY, N. Y. Three
fourths of Manhattan's public
school pupils are Negro or Puer-
to Rican, and in some schools
the school population is 100 per
cent. Negro parents complained
that this was segregation and de-
manded the residence rules be
changed so they could send their
children to schools in other
areas. They threatened sit-ins
or boycotts.
The city education board broke
its residence rule and agreed to
permit 2l junior high schools to
transfer Negro and Puerto Rcan
students to other neighborhoods.
Arizona tribune., 1960-09-30
WHO STOLE HER
LITTLE BROWN JUG

Two women assertedly grabbed
a bottle Of whisky from an 81
year-old woman as she stepped
out of liquor store.
The suspects, who ran from
the scene, were captured min
utes later by still another wo-
man and turned over to police,
who booked the pair for inves-
dgation of strongarm robbery.
Camille Eubanks, of l0l0 S.
Second Ave., said she was rob-
bed of the bottle as she stepped
out Of a liquor store at 1908 S.
Central yesterday afternoon.
Mrs. Minnie Almos, of 726 l. n
S. First ST., a friend of Mrs.
Eubanks, was told of the robbery
and ran down the suspects with
the aid of her husband. Edward.
Police are holding the bottle
as evidence.
Police were told the women
suspects--20 and 38 years Old
had assisted Mrs. EubankS as
she crossed the street en- route
to the liquor store. Then the
pair waited for the elderly wo-
man to make her purchase.
Arizona tribune., 1960-09-30
EIks
Corn er

Past Exalted Rulers Council
met Sunday. Sept. Is at Elks
Lodge. The council gave Bro.
Charles Patterson a life MEM
bership in the council and he was
given a surprise cash gift.
Thirty five representatives
from Flagstaff. Yuma, Tucson
and Phoenix attended.
Rossie Turman, chief antler,
presided.
Out of town guest at the meet
ing was Charles Lawrence, spe-
cial assistant to the Grand Ex-
alted Ruler.
Arizona tribune., 1960-09-30
KIWANIS KIDS
DAY AT LUKE
Tribune photo = Ed Banks

Children of all ages are in
vited to attend the annual XII
wants Club Kids Day at Luke
Air Force Base. Saturday, Oct.
l. Free tickets will be distrib-
uted at the main gate. Children
may visit the base from 9 a.m..
to noon.