davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-05-26

U. N. aerial surveillance sys-
TEN.
Its only aim" he asserted
"is to obtain unlimited aerial
reconnaissance of the Soviet
Union and other socialist coun-
tries to the detriment of their
national security and for the
benefit Of those who are inter-
ested in preparing for a sur
prise attack and for war.
Mr.. Gromyko also took note
Of Mr.. Eisenhower's question
as to why Soviet Premier Nj
kita Khrushchev did not raise
the spy plane question at Camp
David last. September.
why did he not raise that
question:" Mr.. Gromyko asked
Because he was well aware oi
the logic and morals Of those
with whom he was having
talks"
RapS Lodge Tactics
The Soviet foreign minister
blasted the tactics Of AmbaSSa'
dor Lodge.
Mr.. Gromyko denounced
Lodge memorandum on ALLEGED
Soviet spies in the UniteC
States as "a fabrication. ant
deserving no more attention b!
the Security Council than
cheap detective novel"
1--WE could have cited a Ions
list of espionage and provoca
tive activities carried out by tn,
United States against tn,
Soviet Union with the differ
ence, however, that these wer'
not fabrications but actua
deeds" he added.
Despite the prospect for de-
feat Of his resolution, Mr.. Gro,
myko defended vigorously tn,
action Of the Soviet Union seek,
ing condemnation of the United
States. Eight of the Councils
II members previously had ex,
pressed belief the U-2 fiightj
did not constitute aggression.
He said shame" would be {
wrong word and "accomplice'
a weak word for those who op
pose the Soviet resolution.
Closes With Warning
"The Security Council is (
court" he added. land it mus
hand down a decision If it doe
not wish to become a Willing
or unwilling acolyte in an &C
of aggression.
who is the defendant il
this aggression? The defendan
today is the United States, it
aggressive policy and its dan
gerous provocations agains
peace"
He said that even the Hit
lerites, before they unleasheC
war, had never dared to com,
forward with such pirate-lik'
statements" as those issued b,
United States leaders.
In closing. he warned tina
aggressive actions will be re
piled to in the way they shoult
be replied to by joint defens,
measures. He said that,
the Security Council fails t,
do its duty" and vote for tn
Soviet resolution, world situa
ton might result in which ma
tions represented on the Coun
Gil might look to the Kremlil
, and expect help.
Mr.. Gromyko made no refer
> ence to Mr.. Eisenhower's ap
, peal for resumed negotiation
between the Soviet Union ant
the United States on worl'
Evening star., 1960-05-26
Treated Good

ny, May at Grevesmuehlen a short time
LIG Jets later.
The Sidney herald., 1960-05-11
Willard Z. Fraser
Expresses Views
On Gambling law

Montana needs jobs to put
money into peoples pockets, and
Gambling would only take money
out of the pockets of Montanans
as well as shoes from off our chill
drens feet, and food from their
mouths; so count me as one who
is absolutely opposed to any form
of legalized gambling in Montana"
said Willard E. Fraser, in Sidney
to-day.
"It is all very well to say, I'm
not my brothers keeper" Fraser
continued, "but when ones brother
looSeS his pay check over gambling
tables, one finds himself digging
into his pocket to buy beans and
bread for his brothers children"
"There is not the slightest
chance" of any Montana Legisla-
ture, whether it be Democratic or
Republican controlled OF ever vot-
ing law to legalize gambling in
Montana; so let's talk about things
that are of vital interest to us all
such as substitution of one state
assessor for the present 56 county
assessors, consolidation of school
districts for Administration pur-
poses, yes-and Payola in Govern
ment.
The Sidney herald., 1960-05-11
One HospitaIized
In 7 Car Accident

A two car collision occurred Sun
day, May 8 at & Pm. about u
mile South of Sidney, when a 1860
Pontiac driven by Rudolph Espe-
land, 42, of Sidney collided with
a 1855 Ford driven by II year old
Edsel R. Schilling also of Sidney.
The accident happened when
Espeland who was heading north
towards Sidney, was attempting to
turn into the Tastee Freez parking
lot. Espeland was watching his
mirror for traffic behind him, and
started to turn left crossing the
center line about three feet, hitting
the Schilling car which was unable
to stop.
Schilling was hospitalized for
bruises and shock. His passenger,
Clyde T. Bush Jr., II, also of Sid
ney was not injured. With Espe-
land were his wife and daughter
all of whom escaped injury.
The Sidney herald., 1960-05-11
Mahan Points 70
Opponents Record

Helena-John w. Mahan, Demo-
cratic candidate for U. S. Senate,
pointed to the dismal record of
my opponents" in a talk before
representatives of Montana's rail-
road union locals.
Mahan said Montana has the
second highest unemployment per
capita in the nation; the fourth
lowest personal income in the
nation, "and this personal income
has dropped over 40 from last
year."
"Our young people are leaving
the State by tens of thousands y
Mahan said. Freight rates are
the highest in the country; Mon
tana is $40 million in the red; farm
income is the worst in 25 years,
and construction is at its lowest
ebb in the States history"
The Sidney herald., 1960-05-11
Markets So Weather at a Glance
MARKET REPORT"
YELLOWSTONE LIVESTOCK
COMMISSION COMPANY

The regular cattle sales at Yellow
stone Livestock Auction are now
on an every other week schedule,
Wednesdays May 18th, June 1st,
18th and the 29th, July 9th and the
10th; the regular sales will start
again on about July q or Aug. 3rd.
A number of other special fall
cattle sales will be announced in
the future. Remember the Special
Spring Horse Sale, Thursday, May
18th starting at l pm.
Remember too Always a square
deal A better deal at the Modern
Yellowstone Livestock Auction Mar
ket. That's the auction way-of a
Nationally Certified Market that
renders the type of service profit
able to all customers. For. the
seller Better money for their
livestock. For the Buyer-Better
livestock and selection for his
money. You can't beat competi-
ton of the Auction Market!
The Sidney herald., 1960-05-11

The bathing beauties are about
ready to appear again, and that
will improve morale somewhat at
the beaches.
The Sidney herald., 1960-05-11
s-The Sidney Herald "Wednesday. May IL. 1860

The difference between a capi-
talist and a speculator is that the
capitalist usually has guarantee
for his investment.
The Sidney herald., 1960-05-11
REMINDERS

There is still time for you to join
the Sidney Concert Association.
Tickets are on sale at the Sidney
Music Mart. Sales close May IA, 1860.
The Sidney herald., 1960-05-11
Five Day Weather Forecast

A few light showers in the
western mountain area at the
beginning of the period with
more general showers likely
around the first of the week.
Temperatures will average five
to ten degrees above seasonal
level with no important changes
til cooler around the first Oh
next week. Highs range from
66 to II, lows from 3S to "A.
The Sidney herald., 1960-05-11

Cream: No. 1, per lb. b-fat---$ SO
Top Hogs, 100 230 lbs. .-.-..$15 25
Heavy Hogs. 230 270 lbs. SLABS
1t. W.T.. Sows, under 300 lbs. ..$12.00
Evening star., 1960-12-09
ExportsGain
In October and
For 10 Months,
By the Associated Press

American exports increased
again in October with the adj
vance exceeding that in imports,
the Census Bureau said yester-
day.
The bureau said October
exports of merchandise were
valued at $1.743.9O0.00 This
was about 8 per cent above the
September total of $1,610,100,-
900.
Imports in October totaled
81, Isl, zoe, 900. While this was
about So million less than the
September figure, the bureau
said imports were up about 2
per cent after seasonal adjust
ments.
The report showed that ex-
ports. adjusted for seasonal
fluctuations, were up 6 per cent
over September after excluding
about $685. million in military
shipments.
Fof the first 10 months of
1860, civilian exports were run
ming at an annual rate of $19,-
ass, 300, ,000-about 20 per cent
more than the rate for the
corresponding portion of 1869.
The 10-month annual rate
for imports was $14,912, 500 900
about l per cent less than
q year earlier.
Evening star., 1960-12-09
Asphalt Institute
Elects Officers

l.. P. Street OF Baltimore to-
day was elected chairman of the
board Of the Asphalt Institute
Also elected before the insti-
tute directors concluded a two
day annual meeting in College
Park, Md, were A. r. Curtis OF
New York. East Coast vice pres.
ident;; Joseph w. McCracken
Cleveland, Ohio valley-Grea
Lakes; F. H. Brown, Kansas
City; Midwest; A. T. Van Pelt
Magnolia, Arkansas, Southwest;
George T. Goggin, Los Angeles
West Coast.
President James Buchanan
reported asphalt and road oil
sales are expected to reach q
record 2l.5 million short tons
this year. a 3 per cent increase
over the previous high, set last
year.
The institute, composed oi
SO companies producing pc.
troleum asphalt, sponsors re.
search and development at the
University of Maryland.
Evening star., 1960-12-09
Suburban Trust Vote.
Christmas Bonus

Directors of Suburban Trust
Co. have authorized a Christ
mas bonus Of one months salary
to all members of the staff VINO
have served a year or more and
a proportionate amount for
those who have served less than
q year.
T. Howard Duckett, board
chairman. and President j. Rob-
ert Sherwood announced that
the board desired to share the
increased earning Of 1860 with
the staff.
The bonus will be shared by
employees Of the now merged
Farmers and Merchants Bank
Of Upper Marlboro as we'll as
employees Of the merged Mary
land State Bank of Montgomery
County.
Around 1000 employees and
guests are expected at the
banks annual Christmas party
at the Mayflower Hotel on Sat-
urday, December II.
Evening star., 1960-12-09
Store Sales Remain
7 Pct. Behind 1859

Department store sales in the
Washington Metropolitan Area
remained Z per cent behind a
year ago in the week ended
December 3, despite a seasonal
jump of 40 per cent from the
previous week, the Federal Re-
serve Bank of Richmond re-
ported today.
Area sales in four weeks ended
December 3 were down S per
cent from a year ago and those
for the year to date were of
2 per cent.
The downtown portion of the
area sales total was IA per cent
behind q year ago in the week
ended December 3. despite an
increase of Al per cent from the
preceding week. Four weeks
sails were down IL per cent and
those for the year to date were
8 per cent lower.
Evening star., 1960-12-09
Colder Weather
Boosts RetuiIino

NEW YORK. Dec. 8 (AP).-
Stimulated by colder weather
in some areas. retail trade in
the week ended Wednesday in
creased appreciably above the
previous week, Dun g. Brad
street. Inc. reported today.
But dollar volume was 2 to 6
per cent below a year ago.
Increases in sales of furni-
ture. new passenger cars, lamps
and gifts were Offset by declines
in mems and women's apparel
small electric housewares and
major appliances.
Brisker weather encouraged
buying of women's suits, coats,
dresses and fashion accessories
Volume exceeded the previous
week but was below last year
Purchases of mems suits and
overcoats Jagged. Sales of chill
dren's apparel was down mod
erately from last year.
Evening star., 1960-12-09
Rambler Buyers
Benefit Hinted

DETROIT, Dec. 8 (AP).-
American Motors President
George Romney says his cor.
poration will announce next
Thursday a program calling
"for sharing progress with the
neglected consumer"
No details Of the program
were given. But speculation
here centered on whether Mr.
Romney might be considering
rebates to Rambler purchases
or a general price reduction
Rambler was the only domestic
carmaker to raise its prices fol
1861 models.
It was learned the proposal
whatever it may be. will be
retroactive to December /.
In a letter to news repre-.
sentatives yesterday, Mr.. Rom.
ney said the program he in.
tends to announce in New York
is "of national Importance. >
He added:
These are critical times fol
America - our industrial
growth, our world markets, for.
eign competition for our owr
domestic markets, recession
to mention only the economic
aspects
Constructive action |.
needed, we are going to dc
what we can with the hop,
that it may stimulate others t.
action. Our program calls fol
sharing progress with the ne.
elected consumer"
Evening star., 1960-12-09
Mcmillan Named
Head of Southern
Oxygen Co.

Robert P. Mcmillan has beer
promoted to president and chiei
executive officer Of Southern
Oxygen Co. to succeed Robert
B. Swope. who was elected
board chairman, it was an.
'nounced last night.
Mr.. Mcmillan has been with
the company 81 years and for
merly was vice president.
Robert L. Swope, who ha.
been treasurer, was advanced
to senior vice president follow.
ing the annual stockholder!
meeting Wednesday.
Five new vice presidents were
elected as follows: Raymond B
Roberts. Manor Club. Md; w
Howard SnuggS. Kingsport
Tenn; John j. Morrissey, New
York; Gilbert Able. College
Park. Md, and William P
Roberts, jr.. Manor Club, Md
w. N. Howison was named
secretary-treasurer.
Reelected directors at thu
annual meeting we're: Robert
B. and Robert L. Swope. Jane.
M. Johnston, Mr.. Mcmillan
Mr.. Howison. Daniel j. Gala.
han, jr., George A. Chadwick
jr.. and Joseph K. Meyer.
Directors declared a dividend
of Is cents a common share
payable January 3. to stock.
holders of record December is
Evening star., 1960-12-09
Metropolitan Finances
Rockville Project

Metropolitan Life Insurance
Co. has issued a commitment
for a $1.3 million mortgage
loan on the new Courthouse
Square Apartments at 1901
East Montgomery avenue in
Rockville, Md, it was an
nounced by Weaver Bros, Inc,
the firms Washington mort
gage loan correspondent.
Collins & Kronstadt, archi-
tects. designed the project built
by the Donley Construction
Co.. headed by Donald E.
Gingery Of Chevy Chase.
The one, two and three bed
room and duplex units are set
on a 20-acre tract. A total OF
421 families will be accommo-
dated. At present, Courthouse
Square consists Of eight 2 and
3 level buildings.
Evening star., 1960-12-09
Electro Industries
Adds Two Directors

Electro Industries, Inc, today
announced the opening Of new
Offices at 1717 Connecticut ave-
nue. NV. and appointment of
William w. Follin and Arthur
s. Cosler, jr., to the board of
directors.
Mr.. Follin is presently East
ern regional manager for tele-
meter Magnetics, Inc, data
equipment division, recently
merged with Ampex Corp.
Mr.. Cosler is presently deputy
director Of Broadview Research
Corporation, Intelligence Sys-
TENS Division, Washington
D. c.
Evening star., 1960-12-09
Bankers Take
TWA Control
From Hughes

NEW YORK, Dec. 9 (AP).-
Control Of Trans World Airlines
has slipped out of the hands
Of egnimatic Howard Hughes
and into the hands of bankers.
An announcement from the
airline yesterday-the first in
many months Of special direc-
tors meetings-Said long-term
financing for the line had been
virtually completed"
The result is that the giant
airline will get early delivery
of 20 Convair $50 jet aircraft
now at the Convair plant in
San Diego. q
In addition, TWA will be able
to take title to all 81 Boeing
TOT jetliners it is now operat-
ing. 1t now owns 10 and leases
II from Hughes Tool Co.
MIR. Hughes controlled TWA
through Hughes Tool Co., which
owned 78 per cent Of TWA
stock. This stock has been
placed in escrow preparatory to
creation of a 10-year voting
trusteeship of three members.
Mr.. Hughes will be repre-
sented by Raymond Holiday
vice president Of Hughes Tool
Co.. as trustee. The other two
trustees will be chosen by banks
and Insurance companies loan
ing money to .TWA.
The financing terms differ
only slightly from what Wall
Street had expected. They total
$265 million dollars.
A group of banks and insur-
ance companies will lend $l65
million to TWA. In addition
TWA will offer stockholders
500 million of subordinated
income debentures with detach-
able stock warrants.
Hughes Tool Co. will take its
pro rata portion ($78 million)
OF these debentures. and, in
addition, will buy any not taken
up by other stockholders to
reach the $100 million mark.
TWA said it will put the high
speed Convairs into operation
within matter of weeks. 1t has
completed flight and ground
crew training.
TWA Is one Of the four lead
ing systems in this country and
has foreign routes extending
through Europe and North
Africa to India. Ceylon, Thai
land the Philippines.
Mr.. Hughes. who inherited
Hughes Tool Co. in 1924 from
his father. has been a lonely
figure in financial circles. Al
times he has gone for months
without seeing his top officers
in TWA.
Hughes Tool Co., a manu-
facturer Of rock bits for oil
drilling. made the original COM
mitments to buy jet planes fol-
TWA in 1856.
Evening star., 1960-12-09
MANUFACTURING
.Sules, Profits Off
BY the Associated Press

Profits of manufacturing cor.
porations dropped IL per cent
in July, August and September
on a sales decline Of only 4 pe,
cent. the Government reported
This new evidence of the con.
tinuing squeeze on profits was
announced Jointly by the Fed
eral Trade Commission and the
Securities and Exchange Com
mission.
The agencies said third
quarter profits after taxes OF
manufacturing corporations to-
tailed $3.6l2.000,0 900. This CON-
pared with a second-quarter
total of $4,08l .000, 900.
Third-quarter sales amount
ed to $s4,854, 100000 compared
with $88. 8.092 900. 900 in the pre-
ceding three months.
For the first nine months OF
1860. sales totaled $258.7 bill
lion. the report said. This was
a gain of $6.4 billion over the
corresponding portion of 1859
But despite the sales gain
after-tax profits were down
per cent.
Evening star., 1960-12-09

tality risks inherent in the
variable annuity contracts will
not devolve upon the variable
annuity contract holders.
VALIC contends the added
margin provided by the 125
per cent reserve is not neces-
sary. 1t points out that the
separate accounts law provides
that any surplus or deficit
which may arise in any separate
account because of mortality
experience shall be adjusted by
Withdrawals from or additions
to such account so that "the
assets Of such account shall
always equal the assets re-
quired to satisfy the company's
obligations for such variable
payments" The SEC said in
terested persons will have until
December 20 to request a hear
ing on this application.
Evening star., 1960-12-09
TALKING OF BUSINESS ..-.....s
Forces Behind Boomtime Merqers
Depicted in I eIetroy-Audio Union
BY TRUMAN r. TEMPLE
Star Sta6 Writer

Company mergers have been
accelerating in the last decade
in the United States. They now
occur at a rate not seen since
the 1920S.
Last year there were 1850 of
them, according to the Federal
Trade Commission, up "a per
cent over the 1855 total. In the
first nine months of this year
776 were recorded, nearly equal
to the pace set in the like period
of 1869.
Mergers 60 with boom
times" retired FrC Chairman
John w. Gwynne. once summed
it up, and many economists
agree. They cite the high rate
when the economy is prosper
ing and the dearth Of these
corporate weddings during
depreSsionS.
There are other reasons for
mergers. however, tailored to a
company's particular situation.
Some take the merger route to
get out of a slack industry.
Others look around for a new
mate to acquire a broader mar
ket area.
Fear Specializing
Still others want to diversity,
fearing they'll be caught with a
narrow specially in an era of
fast chronological change. And
some merge simply because one
company has the cash and an
other needs it.
An example OF a local merger
showing several good reasons
for the move is between two
small firms. Teletray Electronic
Systems, Inc. and Audio Dy-
namics Corp. They headed for
the corporate altar this week
after Teletray's board Of d.
rectors approved the idea
yesterday.
Assuming no last minute
hitch. this will join a Arm
making electronic ordering sys-
TENS for restaurants with a
company leasing sound equip
ment and other products to
institutions.
Stockholders Of Audio ap-
proved the merger today, voting
334.l50 shares for and 36,050
against, in a meeting at the
Dupont Plaza Hotel.
IF you're seeking growth,
Evening star., 1960-12-09

you have to look beyond sales"
says Edward j. Myerson, the
35-year-old electrical engineer
who is president of Teletray.
Under the proposal, Teletray
would acquire all the assets and
liabilities Of Audio.
Busting at Seams"
Mr.. Myerson says there were
several reasons why Audio ap-
pealed to him when merger
negotiations began last May
"Teletray was busting at the
seams" he declares. Even be-
fore any agreement was reached
on joining the firms, Teletray
rented some 10000 square feet
Of space from Audio and moved
all its assembly and engineering
work there at 5462 Third
street NE. Teletray's head
quarters are at $50 Bonifant
street. Silver Spring, Md.
Money was another reason
Teletray had lots of cash Ia
new common stock issue last
spring brought in 1851 500 in
extra working capitaD. Audic
was considering ways of ac-
quiring needed capital. officials
felt that, merged under one
roof, the firms could work out
matters to their mutual salts
faction.
Two Products
Audio is primarily a leasing
concern, involved with a d.
versif1ed line of sound equip
ment, TV sets for motels and
some restaurant kitchen equip
ment. and Teletray was inter-
ested in this. too. 1t felt the
existing service personnel In
Audio would help Teletray ex-
pand rapidly In leasing its own
products.
Teletray has two novel prod
ucts used by restaurants. One
the system that gave the firm
its name. is an electronic device
that let's motorists order meals
from curbSide. A 60-car Tele-
tray setup costs about $4,000
including installation. a 20-cal
version about $4,70O.
The other product is Dine
A-Phone, which provides a wal
phone next to each indoor table
permitting customers to ordel
direct to the kitchen.
Both products may be leasec
or bought outright. A dozer
indoor phones. and the system
with them, rents for $42 ,
month on a four-year lease
or about $4,000 If purchased
One customer. the Tops Drive
Evening star., 1960-12-09
BUSINESS
BRIEFS

! Cone Mills, I1c., Greensboro
N. c.. has cut a cent a year of
the price of solid and printed
flannels and guaranteed the
prices on orders through July
4, 1861.
Heavy Construction Contract
awards in the week ended Mon
/ day totaled $446.1 million COM
pared to 1885 million the previ-
Gus week and $685. million a
year ago. The total for the year
to date is $ll.682 900, or IA per
cent ahead of last year.-Engi-
neering News Record and Con-
struction Daily.
Loans to Brokers and dealers
on other than Treasury Securi-
ties held by member banks in
New York City totaled 1921
million Wednesday, a decrease
of $279 million from a year be-
fore.-Federal Reserve Board.
Excess Reserves of member
banks averaged $625 million in
the week ended Wednesday
$576 million less than the aver
age of the week before and $110
million more than a year be-
fore.-Federal Reserve Board
Refined Slab Zinc stock de-
clined for the fourth straight
month during November. Stocks
at the end Of the months totaled
l82,l49 tons VS.. 100, ,288 a month
earlier and 176,l57 a year
earlier. Production declined tc
60,84l tons from SO. 900 in Octo-
Der. while shipments rose to
68.980 from 65,l83.-Americar
Zinc Institute.
P. LOrilIard Co. chairman
Lewis Gruber said sales anc
earnings improved in October
and November after a ,thire
quarter downturn. He sale
December statistics so far in
dicate the fourth quarter will
produce better results than tn,
similar 1859 period when sale
totaled $l17.9 million ant
earnings $50 million.
Chance Vought Aircraft re-
ported receipt Of a multi-mil
lion dollar contract from Nortl
American Aviation, Inc. foI
work on the BIO bomber.
Bethlehem Steel Corp. sait
its Lackawanna IN. " plan
has closed down another bias
furnace, leaving only two o
seven in operation. Only II
Of the plants IS open hearth
furnaces are operating.
Southern Materials Co. wor
a $40 million contract for sand
gravel and stone for th'
Chesapeake Bay bridge-tunne
project between Norfolk ant
Cape Charles, Va.