davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-03-29
PIGEONS CARRY REPLIES
TO WHEATON PLAZA BID

Sixty newsmen in the Washington area and Gov
Tawes sent of by carrier pigeons yesterday their replies
to invitations to a breakfast.
The invitations with small plastic cages-a
pigeon in each one-whch were delivered by messenger
The recipients asked to reply immediately on forms
inserted in cartridges which then attached to the
pigeons legs.
Released the pigeons flew back to their base near
Falls Church, Va, where officials of the Northern Vr-
gnia Racing Pigeon Fanciers Club were waiting They
in turn notified the Wheaton Plaza Merchants Assoca-
tion, Inc of the responses
The association will be host to the newsmen at
breakfast Thursday celebrating formal opening of the
wheaton Plaza Regional Shopping Center After the
breakfast, to be held in the Plaza Hot Shoppes the
guests will attend christening of the central mall foun-
tain. ~ ~
Evening star., 1960-03-29
Merrick Points
To Population,
Income Gains

Both population and personal
income have increased sharply
in the Washington Metropol-
itan Area since 1850 and still
are expanding, reported Harry
L. Merrick, president of Kal,
Ehrlich g. Merrick. advertising
agency, today.
In an article in Markets of
America. Mr.. Merrick pointed
out that area population has
risen 40 per cent since 1850
and is expected to rise another
II per cent by 1865. The pres
ent total is 2.051, 1000 and the
1865 prediction is for 2.410, 900,
he said.
More than $4,000 area FAM
lilies earn more than $4,000
annually. while 10000 fall in
the $7,000-to-s10,O00 category,
he said. Around $4,000 earn
from $1,000 to $1,000, he added.
Evening star., 1960-03-29
Frances Turner
Named President
Of Bunk Women

Mrs. Frances Wysong Turner
of Anacostia National was
elected president of the Bank
Women'S Club of Washington
last night.
She succeeds Miss Louise T.
Pike of the National Bank of
Washington. She has been
with AnacoStia National since
1851 and started her banking
career in Nashville. Tenn. She
was women's committee chair
man Of Washington Chapter,
American Institute of Banking,
in 1852.
Other new club officers: Mrs.
Billie Hayes, First National.
vice president; Mrs. Marion
Semerjian. National Bank of
Washington. recording secre-
tary; Miss Julie Roche, Union
Trust. corresponding secretary;
Mrs. Frances EarnShaw, Sub
urban Trust. treasurer; Mrs.
Margaret Lanahan, American
Security, historian.
Evening star., 1960-03-29
Cos Holders Vote
Increase in Stock

Stockholders of Washington
Gas Light Co. yesterday ap-
proved an increase in au-
thorized serial preferred stock
to 100000 shares to provide a
reserve of authorized but un-
issued stock.
They also approved an
amendment to the company's
retirement plan to improve and
modernize the company's re-
tirement plan and reelected
all directors. Directors re-
elected all officers today.
Net income for two months
this year was reported as
$1,000, 800 VS.. $5,175,728 a year
earlier. Net for February was
$1,953.032 VS.. $2,099,074 in
February last year.
Reelected directors we're:
Albert w. Atwood, Daniel w.
Bell. President Donald S. Bitt-
niger, Board Chairman Everett
j. Boothby, Frank M. Ewing.
Howard w. Kacy, E. K. Morris,
Richard A. Norris, Clarence j.
Robinson.
Evening star., 1960-03-29
YOUR
MONEYS WORTH
What Sovings Earn Now
~ SYLVIA PORTER

Today. buying Treasury Sc
curities in the open market Is
not the rewarding, riskless
operation it was two months
ago. The Treasury security
market has undergone a vio-
lent upheaval Just since the
start of the year. Spectators
are playing" it again on q
mounting scale. Pitfalls for the
amateur are widening, deep
ening.
If you're among the many
individuals who nibbled at mar
ketable Government securities
last year, you must not ignore
the extent to which the pic
ture has changed.
As an illustration, in Janu-
ary you could have put your
money in a new Treasury
obligation due in three months
and obtained an interest return
of AZ per cent-a historically
high rate on a United States
9l-day bill. Today If you buy
a 91-day Treasury bill, your
return over the next three
months will be only 224 per
cent-not as much as you can
get on new savings deposits in
almost any bank.
AS another illustration, last
fall you could have bought a
Treasury note due in 1864 with
a coupon of 5 per cent-the
magic" rate which set OF the
fabulous splurge Of buying by
individuals in the Government
market. Today. that same note
is selling at a price returning
only around 4 per cent to a new
Evening star., 1960-03-29

he believes that national re-
presentation is of primary I'M
portance.
Nobody here at the Board
of Trade opposes home rule as
SUCH" he added. -
Sees Help on us. Payment
National representation, in
Mr. Morris opinion. would be
of great value to Washington
businessmen.
Having a voice in Congress, +"
he said, would help with the
Federal payment (voted an
Inually by Congress as its share
in the District GovernmentI, It
Is not big enough yet. National
representation would probably
result in a bigger Federal pay
ment."
without it. he warned, there
would be a tremendous increase
in taxes" And there is real
danger Of severing that pay
ment If home rule is granted
first, he said.
IF Congress has no interest
in running the District" Mr.
Morris asserted, "it won't pay
out any money"
Federal money also will be
vital. he observed, in helping
to financing a number of pro-
posed programs in the area, in
cluding mass transportation
anti-pollution and public hous-
ing.
To make such programs
work, he noted, the area is in
need Of a joint commission
which would embrace all Met
ropolitan communities. The
Board of Trade last year rec
ognized the need for such links
in the business community by
adding Metropolitan" to its
name.
I'm proud it happened un-
der my administration" Mr..
Morris commented.
FavOrs Practical Aspect
A former athlete who once
coached baseball at George
Washington University, MFR,
Morris interests-reflected in
his conversation-range over a
wide area. He few Navy flying
boats in World War I, founded
the United Givers Fund of the
National Capital area and is an
ofilcial Of the Washington
Cathedral
II am interested in so many
things" he admitted. that
never have enough time. / have
completely eliminated all social
life. and people understand it.
I will not be a slave to this
silly routine"
At heart. though. he is a
businessman-and, proud Of it.
you've got to have prac-
tical people running things, "
Mr.. Morris declared. "A lot Of
people make speeches, these
days-but they can't put their
ideas into effect. A good busi-
nessman can"
Evening star., 1960-03-29

WAdICl !, 1901. ASSOCldClOIlS
and other interested parties
will have until next May 2. to
comment on the proposal.
Chairman Albert j. Robert
son of the FHLBB told The
Star today that the higher
liquidity requirement is only
q part of the boards program
TO curb the dividend spiral
and assure sound operations
Of its members.
Another proposal how being
presented to member asSocia-
tions for comment would pro-
vide that fees collected by
member associations would not
/ be Jumped into current earn
ings, but would be allocated
to earnings over a seven-year
period.
Further board action is
anticipated within the next
few days and at least two
other proposals are being con-
sidered. but these have not
been disclosed, it was said.
The liquidity requirement
specifies the amount of cash
and marketable Government
securities an association must
keep on hand in relation to
total invested savings outstand-
ing.
The increase to 7 per cent
Is intended to curtail the up
ward trend in dividends in
some areas. Dividends of
member associations now aver
age a little below 334 per cent,
compared with Just under 3l2
per cent a year ago.
Most Washington associa-
tions have increased their
rates to 4 per cent in the last
year. A few West Coast aSso-
Citations pay as much as 434
per cent.
Chairman Robertson re-
Gently expressed concern over
the continuing uptrend in divi-
dends. Some associations un-
doubtedly can afford them" he
said. There is, however. a
danger that others which can
not afford them will be swept
along on the competitive
stream"
Under legislation approved
by Congress in 1850. the board
has authority to set liquidity
requirements of member asSo-
Evening star., 1960-03-29
Owens Approves Sale

BALTIMORE. Md, Mar. 2s
(AP) Stockholders of Owens
Yacht Co., Inc. today approved
sale Of the company to Bruns-
wick Bake Collender Co.
through an exchange of stock.
Owens will operate under pres
ent management as a division
of Brunswick.
Evening star., 1960-03-29
N. Y. PRODUCE

NEW YORK. Mar. 20 (AP) CUsDA)
Butter offerings moderate DEMAND
Spotty. Prices unchanRed
Cheese steady. Prices UNCHANGED.
wholesale egg offerings moderate
Demand fair today. New York Spol
quotations follow iincludes Midwest.
ern): Mixed colors: Extras l4s-5C
losD. 36-3S: extras medium, 35-3t.
standards large. 34-35lz. checks. so.
~; Whites Extras l4s-50 IbsD, 37-4O;
extras medium. 37-37h. Browns:
Extras t4S-50 lbsD, 4I-43.
Nearby: Whites Top quality (4s-
80 losl. 4e-46; Mediums, 40-42; srlalis,
81 -32. Browns: Top quality (4g-5O
lbs), i3-45: mediums, 4O-42; smails,
Evening star., 1960-03-29
Bowersock Elected
Trustee of CHI

Justin D. Bowersock, executive
vice president of Union Trust
Co. and president Of the Dis
trict Bankers Association. has
been named to the Board Of
Trustees of Group Hospitaliza-
ton, Inc.
Mr.. Bowersock was named
by representatives of partici-
pating hospitals. F. P. Rawl-
ings, jr.. was renamed trustee
by the District Commissioners
and Frank r. Jelleff was re-
appointed to the hoard by the
Medical Society of the District.
Evening star., 1960-03-29
SECURITY
statesmen

A Iono-estobIished New York
Stock Exchonoe firm. with
branches in the Metropolitan
Washington oreo. hos on
opening for on Account Ex-
ecutiVe. We nointoin O most
Iiberol commission policy and
oil the usuol benefits-hos-
pitoIizotion, etc. Leeds fur
nished. II interested, reply
giving full particulars to Box
278-A, Stor. All replies held
in strict confidence.
Our employees have been in
formed Of this I'd.
Evening star., 1960-03-29
TALKING OF BUSINESS
DC. BusinessMoyor'
Proud of Capitol City
By WILLIAM MacDOUGALL
Star stan Writer

I
E. K. Morris. the mayor oi
Washington's business com.
munity had Just returned from
a wearying round of speeches
and meetings.
! Sitting in the presidents
chair in a second story office
at the Metropolitan Washing
ton Board of Trade, he re-
laxed, putting on a cigar, be-
fore opening the conversation
Most businessmen pay toe
much attention to details" he
unused at the outset. "a good
businessman can take a COM
plex situation and make it as
simple as possible"
"A minor executive, on the
other hand, is embarrassed to
talk in simple terms" he OBJ
served. "Details should follow
a program. not make the pro-
gram. That's the great problem
today with American business
executives"
Proud of Washington
Mr.. Morris. So, has been a
Washington business executive
since 1925 when he founded
the Federal Storage Co. He is
proud of his city, and makes
no secret of it.
This is the most important
place in the world" he de-
clared. From a business stand
point, with all the controls and
regulations they have to face,
all major companies will have
to have a permanent represen-
tation in Washington"
"Everyone's going to be here" :"
he said. This is one Of the
fastest-developing cities in the
country"
Improve Present System"
That brought him to one Of
the most troublesome topics Of
present-day Washington; the
city's relations with the Federal
Government.
Washington should remain
a Federal District" he said.
We've got to put UP with
things the way they are, i'm
proving them, not changing
them"
Nevertheless, Mr.. Morris said,
1t is imperative that District
citizens be allowed to vote for
representatives in Congress as
well as the President and Vice
President.
+ But we should recognize that
we cannot have complete free
dom to run the CITY," he added.
THE Federal Government is
very heavily involved in the
administration Of the city-and
should be-"
Mr.. Morris view on voting
rights is similar to that of the
Board of Trade.
National Representation First
Theoretically" he said, II
would like the city to have
representation and votes in
both Houses, but I've about
given up hope of representation
in the Senate. We should have
representation in the House,
and it would be nice If they
cOulQ vote.
We'll be more apt to get
them" he unused, "if we let
Congress decide on how 1t
should be done"
He called such a system ma
tional representation" which ne
differentiates from ''home rule"
The latter, he said, is usually
considered in terms of an elec-
ted mayor and city council.
Without national representa-
tion," he declared, home rule
Is Just a farce"
He conjectured that home
rule might eventually result
from the other approach, but
Evening star., 1960-03-29

buyer-less than you can get in
most savings and loan associa-
tions.
Changes Stressed
In a short period of time. the
money market has turned up
side-down.
For the demand for credit
hasn't been nearly as massive
as expected and the Federal
Reserve System has relaxed a
bit on its credit restraints, thus
permitting more funds to be-
come available to borrowers.
With the supply of credit in
creasing and the, demand slow
er, the price Of credit (the level
of interest rates. has fallen.
In these same months, the
stock market has slumped and
the dividend returns on many
industrial stocks are now more
attractive at the lower stock
prices. But also in. these months,
many interest rates have re-
mained at peaks and money in
United States savings bonds,
savings banks, savings and loan
associations and mortgages will
earn more for you today than in
decades. To indicate the shifts:
If XST.T You Put Your in, IN Jan; Today
Treas: s1-dsy bills 4s.% 2s3Ss
ssS;5,. sCtss due soIS. Iss4-- Az o,4S
rGS5s5sde Sonds corp. knn Az
ToD-ersde cow. 's% sac
mortgages 6Is-6s4ss 6Is-6sses
sad1''ssst SCI sssocistions ss6SEs 4n349s%E 1922 4s14? s14?
Clearly, the advantage of
buying Treasury Short-term
securities over putting your
cash in savings deposit has
disappeared and the easier.
simpler, less risky way is also
now the most rewarding.
Spread Has Narrowed
Clearly, the returns available
on stocks are still compara-
lively low, but the spread be-
tween what you can earn on
high-grade stocks and on high
grade bonds has narrowed sub
stantially.
Clearly. the returns available
on top-notch conventional
mortgages are exceedingly rich,
the richest in a generation.
And. of course prices in
the bond market have risen,
the risks also have risen.
The pros in the bond mar
ket understand the changes
which have taken place and
Evening star., 1960-03-29
FHLBB Plans Boost
In Sovings and Loan
Rotio of Liquidity
BY DONALD B. HADLEY
Star Financial Editor

The Federal Home Loan Bank Board has proposed an
increase in the quity requirement for member associations
TO per cent from per cent first step program to
discourage the upward push in dividend rates.
The proposed higher requirement forwarded to
the Federal Register for publication and would take effect
Evening star., 1960-03-29
OVER COUNTER

WASHINGTON listingS on over-the-
counter markets furnished by the Ma
tional Association of Securities Dealers
as Of ! pm. Tuesday, March 20:
Evening star., 1960-03-29
TREASURY BONDS

NEW YORK, Mar. % (AP).-Yester.
day's CLOSING oveE:the-counter United
Evening star., 1960-03-29

Citations between 4 per cent and
8 per cent of invested savings.
Evening star., 1960-03-29
FOREIGN EXCH'GE

NEW YORK, Mar % (APl.-For-
dollars, others in cents and deeimals
Evening star., 1960-03-29
MUTUAL FUNDS

NEW YORK, March ~ NPl.-RstisasI
Association Securities Dealers, lac.
Evening star., 1960-03-29

buyer-less than you can get in
most savings and loan associa-
tions.
Evening star., 1960-08-23
New and Old Offered
AT Montgomery Fair

were members of the Damascus
Horizon Club of the Senior
Camp Fire Girls, who pitched a
large tepee as a shelter for lost
children.
Marilyn Dillon, Ruth Hurley
and Susan Davidson, dressed in
Indian costume. tied long poles
for the tent onto a Percheron
horse. which dragged the tepee
equipment onto the grounds in
true Indian fashion.
/ Carolyn Eckhardt, l8, daugh-
ter of Mr.. and Mrs. Clifford V
Eckhardt of 1850 Layhill road
Wheaton, is the first suburban
ite to reigr es queen of the
fair. A graduate of Wheaton
High School, Miss Eckhardt
will attend the University OF
Maryland in the fall.
The State Fair Circus will
perform at 7:30 o'clock tonight
tomorrow night and Thursday
night. Performances also will
be given at 2:30 pm. tomorrow
and Thursday.
On Friday there will be a
draft horse pulling contest at
| 7 pm. and a All and FLA beet
steer sale at 9 pm. There will
be horse shows at 10 am. and
y pm. Saturday.
Evening star., 1960-08-23
Boys Village
Unit CIosinq

CHELTENHAM, Md, Aug.
% (AP).-An 87-year-old build
ing providing living quarters
for 80 youngsters at the Boys
Village has been ordered aban-
doned.
Youths now living in the
building will be transferred to
other cottages among the nine
modern quarters at the State
training school for Negro
youths.
The decision to close the old
structure was reached last week
at a meeting of the schools
board and officials of the Mary
land Department of Welfare.
Thomas J. S. Waxter. de-
partment director. said officials
of the institution had been
asked to vacate the building
within so days. Lawson j
Veney. superintendent of the
school. said transfer of the
youngsters to other quarters
would be completed before
then.
Funds for construction of a
new building at the school
already have been appropri-
ated. Normal capacity of the
institution is 260, but a total
of 301 boys between the ages
of 10 and 18 are at the insti-
tuition, officials said.
Evening star., 1960-08-23
New Hospital to Offer
Extras in Comfort, Care

Northern Virginia Doctors
Hospital will introduce several
innovations in patient comfort
and care when it opens next
Monday.
The public will get its first
look at these improvements
after the hospitals first wing
is dedicated in ceremonies at
4 pm. tomorrow. The hospital
is located at COL South Carlyn
Spring road. Arlington.
Hospital officials say they
were able to plan for patients
comfort while keeping a func-
tional design. Each room has
radio and television, with an
under-the-pillow speaker SO
that those not listening won't
be disturbed. Beds are adjust
able by pushbutton.
Perhaps the biggest boon to
the convalescent is the Sleep
through" program. Philip
ONeill. hospital administra-
tor, promises that patients
won't be awakened at down to
have their faces washed. Those
who do wake early will be
Evening star., 1960-08-23
Model Children
Contest Slated in
Bethesda Friduy

A model child contest, spon-
sored by the Woodward &
Lothrop department store, is
scheduled in Bethesda at 10
am. Friday.
1t will be held on the parking
lot Of the Montgomery County
Farm Women's Cooperative
Market Just of the TOO block
of Wisconsin avenue, Bethesda,
The contest, arranged by
Woodward g. Lothrop's Be-
thesda budget store, will be open
to children from Q to 10 years
of age.
There will be four classes of
competition; Girls in the 2 to S
and 6 to 10 age brackets and
boys in the same brackets.
The winners and runners-up
will get prizes. They will be
judged on poise. personality,
beauty and attire, with Be-
thesda area merchants doing
the judging.
Entries may be obtained at
the Bethesda budget store until
$50 pm. Thursday.
Evening star., 1960-08-23

served a pre-breakfaSt cup OF
coffee.
Among the changes to i'm
prove patient care is the oxygen
line built into each room. Pa
tients won't have to be wheeled
out or machines wheeled in SO
frequently with these lines, Of
f1cialS say.
Each nurses station will have
modern electronic equipment
to let the staff listen to pa
tents breathing.
Despite the modern equip
ment. a hospital spokesman
said. costs have been kept at
$4,000 per bed, which ne called
about half the cost of other
new hospitals in the area.
DR.. Thomas Haggerty, presi-
dent of the Northern Virginia
Doctors Hospital Corp, will
give the dedication speech at
tomorrow's ceremonies. Repre-
sentative Broyhill. Republican
of Virginia, and Ralph Kaul
who is opposing Mr.. Broyhill
in the November election, will
attend.
Evening star., 1960-08-23

Several thousand head of live
stock stood trimmed, preened
and ready today for five days
If strutting at the Montgomery
County Fair.
The 18th annual event opened
today at the Gaithersburg Agri-
cultural Center with a record
humber of entries in almost all
the animal exhibition catego-
ries.
Dairy cattle entries include
more than 800 head, exceeding
the number entered at the
Maryland State Fair last year.
Entries in the swine. sheep and
poultry classes also broke county
records.
There are more than 1000
poultry entries, including tur-
keys for the first time.
James Boswell, 40. of $4,000
Glen Mill road, Rockville, was
taken to Suburban Hospital
after being kicked in the groin
by a steer at the fair today.
A fair aide said Mr., Boswell.
father o ia All club member
participating in steer exhibit,
was injured after helping
chase an 800-pound Angus
Steer onto scales for weighing
A spokesman at the hospital
said the injury did not appear
to be serious.
For many farmers the fair
actually started yesterday with
the setting up of exhibits and
preparation of livestock for
Judging. which will run through
Saturday.
Working with the exhibitors
Evening star., 1960-08-23

authority as State deputy
sheriffs in arresting Negroes on
trespass charges when they
enter the park.
The Negroes contend the ac-
tions of the deputies mean that
the State Of Maryland is as
sisting the park in maintaining
segregation.
Trespassing Issue
Attorneys for the park argue
that Negroes who entered the
park were not arrested because
Of their race.
Judge Thomson was told by
lawyers for the park that the
Negro demonstrators were ar
rested by park guards as tres
passers-not as Negroes.
The legal distinction is a
main issue in a suit by six Ne
groes for an injunction to pre-
vent arrests of members of
their race who seek to use park
facilities.
The guards, who also are
State deputy sheriffs, are hired
by the park to enforce its pol
icies. among them the bar
against Negroes.
This. the Negroes claim, is
unconstitutional.
The demonstrators make no
claim that the park must ad-
NIT them. Their attorneys ad-
init the park has the right to
practice private diScrimina- =
ton" without the aid of State
deputy Sheriffs, If it wants to.
They say you can hire as
many goonS as you want
and throw them over the fence. ~
Judge Thomson told park at
torneys.
"All we are saying Is that he
may not enlist the aid Of the
State, he has to do it himself. ="
said Charles T. Duncan, an at
torney representing Negroes.
The park claims the deputy
sheriffs can make the trepass
arrests without getting involved
in the segregation question.
The deputies, the park con-
tends, arrest persons who refuse
to leave the park at the request
Of the owners.
Ruling in Several Days
The fact they are asked to
leave because they are Negroes
the park argues. has no bearing
on the arrests of persons who
refuse to carry out the request.
The Negroes say 1t does. Judge
Thomson said a decision in
the case will be made in several
days. He made no ruling yes
terday.
Meanwhile. Is trespass cases