davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-04-06
CHICAGO
LIVESTOCK

CHICAGO, April 6 CAP) CUSDA -
mostly. Is to 25 lower on butchers;
sows slow, 25 lower; only fair shipping
demand: mixed grade % and mixed
l-3 2O0-240 lbs l6.25-16.50: Is and
mixed l-2 and IS 10000 lbs 1850
1890: 24-head lot Is 2lO lbs 100,
and a 40-head lot closely sorted IS
100 lbs l7.l0; mixed grade 2-3 and IS
26O-2SO lbs '5.75-16.15; mixed 2-3
and 3s 2SO-300 lbs I55O-l5.S5;
mixed grade 2-3 35O-55O ID sows
l3.50-14 so.
Cattle 11,0O0; calves 100; receipts
smallest for Wednesday market so far
this year; SLAUGHTER steers opened
fairly active, steady to so HIGHER: now
slow and barely steady; heifers steady
to 80 higher; mostly steady to strong
cows steady to 25 higher: other classes
about steady except vealers steady to
LOO lower; a load of high prime / ,215
ID steers 33 so. highest since May last
year; a load of prime / $50 lbs IL, Is !:
bulk high choice and prime l,O40-l .450
lbs 20 .50-32 90: a load or so 32 so:
bulk choice 27.O0-29.50: load lots
mixed good and choice 26.5O-27. 90:
bulk good 24.5O-26.50; some utility
to low good 10 1924 90: good to high
choice heifers 23.00-2S.2 %; utility and
standard l7.50-22 so: utility and COM
mercial cows 16.5O-1S.OO: Gamers and
cutters IA 00-l7. 90; utility and COM
mercial bulls 10 .0O-21 90: vealers down;
no sales stockers and feeders Of con-
sequence.
Evening star., 1960-04-06
General Foods
Split Proposed

NEW YORK, April 6 (AP).
Directors of General Foods
Corp. today recommended a q
for-l common stock split.
The board also declared a
quarterly dividend of 70 cents
a share on current common
stock, up from 65 cents a share
paid in previous quarters. The
dividend is payable June 8 to
holders of record May 13.
The split proposal will come
up before stockholders at the
July 27 annual meeting when a
plan to increase the authorized
common stock from IS million
to 40 million shares of no par
value also will be considered.
Evening star., 1960-04-06

ard size cars. said March was
its best month since August,
1857. This was true, too, for
Chrysler Corp. as a whole, Vice
President Byron j. Nicholas
said.
Rambler reported sales of
100,466 for the quarter and
37,205 for the month of March.
This was a first quarter record
and a March record.
Chevrolet reported sales of
$4,000 for the quarter and
$4,000 for the month. These,
too. were both records.
Cadillac sold Al los cars dur
ing the quarter and 1926
during March-both records.
Evening star., 1960-04-06
Records Set
Auto
Producers

DETROIT. April 6 (AP). -
Chevrolet. Rambler and Cadil-
lac reported they sold more
cars in the month just ended
than in any previous March
Dodge reported it's best sales
month in eight years. Plym-
outh, buoyed by Valiant figures
which it Jumped in with stand
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-10-16
q THE FLINTsToNES.

Comedy Animated cartoon series.
merry mixup occurs when Barney Bubble
buys a ring as a belated surprise gift
for his wife. Character voices provided
by Alan Reed, Mel Blanc, Jean Wander
PyI and Bea 6enadaret.
q ROUTE IS.
Adventure Hour. Two young adyen-
turers martin Miner and George Ma
haris) find themselves in the middle Of
threatened parrot fever epidemic when
they Try to help frightened young
woman Gina Bethune). Betty Field.
300 q ALL-STAR CIRCUS.
Variety. Special. 1-Hour. Starring Paul
WincheIl and the cirkus Schumann Of
Copenhagen, Denmark. The acts will in
cIude trampoIine feats. bareback bal
Ierina riding and many others. Taped
in Copenhagen, Denmark)
q IT SUNSET STRIP.
Mystery / Hour THE Negotiable
Blond" When young secretary tkaren
SteeIe) seemingly absconds with quar-
ter Of million dollars in bonds. jeff
Spencer Smith is hired to trail her,
but his pursuit ends with tragic dis
closure and death. Edward 5yrnes.
Rhodes Reason, Jay NovelIo are featured.
$50 @ MANHUNT.
Detective An electric drill found at
the scene Of an unsuccessful burglary
leads 1t. Finueane Victor Jory) and his
men to the scene Of action.
q Mr.. GARLUND.
Adventure A series dTamatizing the ad-
ventures of a Youthful tycoon. Charles
Evening star., 1960-04-11
AT&T Profits
Gain in Year
And ; Months

NEW YORK. April IL (AP)
American Telephone & Tele-
graph Co. reported today earn
ings of its Bell system for
three months ended February
29 rose to a record $292, ,223,-
900 equal to $1.32 a share on
the parent company stock.
This compared with a profit
of S264.O51 900 or $1.21 a share
on AT&T stock for the same
three months a year ago.
For II months ended Febru-
ary 90, Bell profits increased to
a record $1,164,012,O0O equal
to $5.27 a share from S1,017,-
697 900 or $4.77 a share for the
same period a year ago.
Operating revenues for the
three and 12-month periods
also scared to new peaks: ST.
908,089,000 and $7,484,129, 900
respectively. A year ago these
totals were $1.775,27O,OO0 and
$685., ,O62,OO0 respectively.
In his quarterly letter to
shareowners, Frederick R. Kap-
pei, AT&T president, predicted
the gain in telephones for the
period would probably exceed
100000 when all reports are in.
This is slightly higher than a
year ago but under the 873,
1923 new phones installed in the
first quarter of 1916. In the
last quarter of 1947. the COM
panies added 939,095 phones,
a record for any quarter.
Mr.. Kappel said the Bell
companies now serve about 58,-
747,000 telephones, more than
80 per cent of the nations
total.
Mr.. Kappel said that winter
storms brought severe damage
to telephone facilities in GER
tain areas but service was re-
stored promptly in most cases.
He said that progress had been
made in making telephone ia
Icilities more storm-resistant so
that Interruptions will not oc-
cur.
Evening star., 1960-04-11

debentureS with a maturity
date of a year or more and thus
reduce it's borrowings from the
Federal Treasury. These are
listed as spending in the
Federal budget. But officials
pointed out that debentures will
gather in most of the money re-
quired by FNNIA to afford a
secondary market for home
mortgages.
FNMA will be seeking the
public's dollars in competition
with offerings by the Treasury
Department for its issues in
this category.
The notes will be obligations
of FNNIA and not guaranteed
by the Federal Government.
About next Monday discount
rates applying to maturity
ranges will be disclosed. The
notes will be marketed and
distributed exclusively by A. G.
Becker & Co., Inc, which has
principal offices in Chicago,
New York and San Francisco.
officials here said that all
queries concerning purchase
should be directed to that firm.
Periodically discount prices will
be fixed by FNMA.
President J. Stanley Baugh-
man of FNMA said investors
will be able to purchase such
paper with exact maturity
dates tailored to their individ-
ual needs within certain ma
turity ranges at published
rates"
Notes will be sold at discount
with the investor receiving face
value at maturity at the Fed
eral Reserve Bank of New York.
They will be in $4,000, $4,000,
$25.O00. 100000. $500,000 and
81 million denominations. But
sales will be made only in
$4,000 multiples. Notes will gen.
orally mature in 80 to 80 days.
But no notes will mature in
these periods: March 1923,
June 1923. September 1923
and December 1923. At the
beginning, notes will mature
in: 30-59 days, 60-89 days. 90
179 days and 180-270 days.
Evening star., 1960-04-11

established in July. 1858, as an
independent, non profit re-
search corporation. 1t is now
under contract to the Directo-
rate of Development Planning,
Headquarters, United States
Air Force, dealing with weapon
systems analysis and long
range development planning.
Board members include: F.
r. Collbohm, president of the
Rand Corp; Stanley ]. Law
will, president of Analytic
Services, Inc; President Caryl
P. HaSkinS of the Carnegie In
stitution of Washington; Presi-
dent Frederick L. Hovde of
Purdue University, and H. Guy
ford Stever, assistant dean of
engineering, Massachusetts, In
Stitute of Technology. The board
of trustees will inspect the new
building on Friday.
Evening star., 1960-04-11
WHEELS
And Still the New Ones Come
By CHARLES YARBRoUGH

If you've had difficulty up tc
this point in making up your
mind about what new cal
among the imports to buy, thi.
is a reminder that two new
ones showed up in the Wash
ington market places last
week.
First, and one of the mos
revolutionary foreign cars. i:
the Austin $50 and Morris S5C
10 feet long with eight feet
of space for passengers anc
baggage.
To achieve this, the 4-cylin-
der engine is mounted cross.
wise over the front suspension,
the entire transmission directly
under it. The British Motor
Corp. says the cars will top II
miles an hour, accelerate from
0 to so in less than 18 seconds
Manhattan Auto is introduc-
ing them today, with a price
tag of less than $1,000.
The second new one on the
scene is the Triumph Herald
shown off before Columbia Tri-
umph Distributors in fine new
quarters in Kensington late
last week.
1t too has some innovations
seven independent, replaceablE
units bolted to a separate
chassis, 4-wheel suspension syS-
TEN and once-a-year lubrica-
ton. The 4-cylinder engine with
twin carbureters delivers SC
horsepower. Maximum speed is
over 80. The suggested retail
price on the East Coast is ST.
229.
4 X
There is a continuing project
IN Detroit in which the best
praise employees can hope fol-
from the boss is the comment
Now that was a well-plannec
accident"
Since 1853 almost every type
Of highway accident has beer
duplicated in proving GROUND
crashes, the Automobile Manu-.
facturers Association reports il
its quarterly publication Auto.
motive Safety.
The tests are completely re.
corded by electronic instru-
ments and ultra -high-speec
movie cameras and are giving
engineers first-hand informa.
ton about both vehicle and oc.
cupant behavior under crash
conditions. Electronically
wired dummies are used to
trace the exact sequence of COL
liSion events and to disclose
any injury producing contact
with vehicle interiors.
Related crash activities in
the auto industry have shown
that removal of roadside haz-
ards such as trees and deep
bitches, combined with new de-
signs for protective barriers and
utility and sign poles, can
greatly reduce highway acci-
dents,
There is a new Chevrolet
Corvette on the horizon, but ii
may be a long time reaching
the buyer in it's present state
Called the XP-7OO Corvette,
it was designed as an expert
mental car by william L.
Mitchell, General Motors vice
president for styling, to test
the practically Of new ideas.
1t blends an explosive"
Evening star., 1960-04-11
YOUR
MONEYS WORTH
Labor Union Pounds Mutual Fund
~ SYLVIA PORTER

The first mutual fund found
ed specifically for, and restrict
ed to, members of a labor union
has moved into the selling
stage.
The pioneering investment
company has been organized at
the initiative of the Engineers
& Scientists of America, ma
tional independent labor organ
iZation representing about 80
900 professional engineers and
scientists. Its name is ESA Mu-
tual Fund, Inc.
There are hundreds of mu-
tual funds in the country, but
until now there has not been
one organized solely for one
unions members. If this fund
proSpers, it's certain the pat
tern will be repeated by other
unions and professional groups.
Beginnings Recalled
In mid-1958 the sponsors
of the fund-ESA and Ameri-
can Diversified Securities, Inc,
of Washington, D. C.-began
organizing the company. Not
until this February Is, though,
did the Securities & Exchange
Commission give the green
light on distribution of the
shares. Now the sponsors are
working on obtaining author
iZation to offer the shares in
individual States in which ESA
members are concentrated
such as New York, New Jer-
Sey, Washington, California,
Ohio, Illinois. The sale is just
beginning.
Why should a member of
the ESA choose to buy shares
in an untried mutual fund
when he could as easily invest
in one of the well-eStablished
oneS?" I asked Frederick w. C.
Haddad, vice president of
American Diversified Securities
and a director of the fund.
One obvious advantage, Mr..
Haddad emphasized, is the
commission on purchases. The
ESA charge is 2 per cent, much
lower than what the majority
of funds charge. because, "the
shares are being sold directly
Evening star., 1960-04-11
CHICAGO
LIVESTOCK

CHICAGO, April II CAPD HOES
10000 slow early. later trade mod
erately active. uneven, weak to mostly
70 lower on butchers, SowS steady to
.5 lower; good demand by all interests
with so per cent sold on shipping
account: mixed grade @-3 and mixed
1-3 10000 ID. butchers 160O-iB rs
s and mixed l-@ and IS laO-2oO lbs.
16.35-16.5O: 80 head lot uniform
mostly J. @l0 lbs. 1850: 30 head lot
hish yielding Is 2l5 lbs 1875: l."
under 230 Tbs. relatively scarce: several
lots mixed y and IS 230-25O lbs.
l6 90 i.e5: mixed grade % and IS
24O-2S0 lbs. 155O-16 90: several lots
mixed ~ and Rs mostly 3s 2SO-35O
ID. butchers 14.75-15 so: mixed grade
2-3 350-55O lb. Sows 3OO-14 90; a
few lots 330-350 lbs. 14.OO-14
Cattle 1000: calves 100; slaugh-
ter steers and 'heifers slow, but mostly
steady: cows opened fully steady, later
trade barely steady: bulls and vealers
about steady; no early sales stockers
and feeders: load lot high choice and
prime 1,O75-1 1,375 ID steers 30 90
32 80; bulk choice steers 27.OO-2g 90:
numerous loads mixed good and choice
20 50-27.O0: bulk good grades "a OO-
"6 50, several loads utility and stand
ard 950-1 200 ID Holstein steers 20 So
20 90: a small lot prime l.O75 ID
heifers 1900; two loads mixed choice
Evening star., 1960-04-11

sports car image with unusual
driving safety advantages. 1t
will be shown at the Interna-
tional Auto Show in New York
this week.
The chassis componentS are
production built, but the low
hood overhang of the fiber glass
body, broad frontal air scoops,
transparent passenger canopy
and snubbed rear quarters give
it an advanced sports-car touch.
1t is four inches lower than the
current Corvette.
y The Washington region of
the Sports Car Club of Ameri-
ca, holds its regular meeting to
morrow at the Woodward &
Lothrop auditorium, Chevy
Chase, to hear the 1860 Sebring
report and see the Mercedes
Benz film, The Three-Pointed
Star" Ronald L. Phillips is
the new manager of the Wash
ington Ford district sales Office,
replacing william P. Bave, who
goes to the New York sales Of
flee More than 2 million
passenger cars have been built
in this country since January l
Therell be no chrome on
the Jaguar 3.S sedan in the New
York International Automobile
Show April 1924 - the trim
will be genuine gold plate, in
cluding the wire wheels; the
car is valued at $25,900
United States Rubber is an
nouncing a new, loW-priced
nylon passenger tire Har-
old v. Lauth, former regional
public relations and advertiS-
ing manager for VOlkswagen,
has been named assistant to
H. Walton ClOke, public rela-
tionS co-ordinator for Kaiser
Industries Corp here the
very first automotive supply
catalog ever issued by Sears,
ROebuck and Co. is off the
presses, with quite a listing on
imported car parts
Evening star., 1960-04-11
SEC to Probe
Securities
Firm Here

The Securities and Exchange
Commission today ordered a
public hearing into the affairs
of the Investment Bankers of
America, Inc, whose business
address was given at 1922 Con-
necticut avenue NV. 1t is
charged with irregularities un-
der the law.
The commission said a hear
ing examiner will be designated
and a date fixed for the pro-
ceeding.
1t secured from the United
States District Court here a
temporary injunction against
the firm, banning it from trans
acting any business because it
has insufficient funds, commits
sion officials recalled today. A
court hearing will be held next
month to strike an amended
complaint which the commits
sion has filed against the firm.
The commission charges that
the firm, a Maryland corpo-
ration, as a broker-dealer en-
gagged in selling securities, had
total Indebtedness to all other
persons exceeding 1000 per
cent of its net capital, in vio-
lation of law. The commission
also contends the firm made
false and misleading entries
in certain of the books and
records" it was required to
keep.
In another action, the COM
entered an order de-
nying modification of an order
concerning Civil and Military
Investors Mutual Fund, Inc,
declaring that the name was
deceptive and misleading. The
prior order was entered June 9,
1858. The commission con-
tended the firm implied among
other things that its invest
ment program lis particularly
suited to meet investment needs
of Government personnel"
Evening star., 1960-04-11
Stoneeo Coal Plans
New Mine and Plant

BIG STONE GAP, Va. April
IL CAP)-Stonega Coal & Coke
Co. has said tentatively it plans
to spend $2.5 million on a new
coal mine and cleaning plant
on its Wise County properties.
An extensive core drilling pro-
gram was started a year ago
near the old Stonega mine. Vir-
ginia Coal & Iron Co. is the
parent company.
Evening star., 1960-04-11
DATES
AND
PLACES

National Capital Group of
Controllers will hear Harry w.
Ketchum of the Commerce De-
partment, at a dinner meeting
at Occidental Restaurant to-
morrow.
District Chapter, American
Society of Women Accountants,
will hear S. Grady Putnam,
general manager of the saw
Cafeteria, Washington Branch,
at an Occidental dinner
Wednesday night.
TOastmasters Club OF the
District Life Underwriters AS
Sociation will install Clyde M.
Larmer, estate planning con-
Sultant of American Security
& Trust Co., as president at a
Wednesday luncheon at O'Don-
nells Restaurant.
Washington Chapter, Federal
Government Accountants AS
sociation, will hear j. s. Seid-
man, president of the Ameri-
can Institute of Certified Pub
lie Accountants at a meeting
Thursday.
WOmen'S Advertising Club
will hear Charlotte Mont
gomery, magazine writer and
author, at a Washington Ho-
tel luncheon on Wednesday,
April 20.
District Bankers Association
has scheduled its spring meet
ing at the Columbia Country
Club on Monday, April 25.
Electric Institute of Wash
ington will hold its 26th annual
dinner and dance at the Wash
ington Golf and Country Club
on Monday, April 25.
Evening star., 1960-04-11
Office Equipment
Retailers Formed

Formation of a new company,
Desks of Washington-engaged
In the retail and contract sale
of Office furniture and equip
ment - with headquarters at
701 Lamont street NV, was
announced today by its pres
ident and general manager, J. B.
Wagner, jr.
He explained a general design
service is offered with Thomas
F. Baldwin in charge of this
phase of the work. Mr.. Wagner
was associated with IBM Sales
until 1948 and for eight years
with manufacturers of Office
furniture. In the past few years
he has managed furniture and
equipment sales in the Wash
ington area.
Evening star., 1960-04-11

to the union members through
the ESA'S own distributing
organization and ADS" (Of
the 2 per cent fee. ESA and
ADS each get l per cent?
A second advantage is the
funds program for systematic
investing under which a union
member can invest as little as
S25 a month regularly and over
the years accumulate a COM
Portable neStegg.
Estimates Offered
Mr. Haddad estimates that if
only $500 members sign UP for
$50 a month purchases in the
first year, the fund will be
profitable to ADS. in the third
year, we'll be far out of the
woods. and in the fifth year
we'll be making big money"
he says frankly.
The key to the funds sue
cess is the excellence of the
funds purchases" I persisted.
What assurances can you give
members on this?"
Mr.. Haddad was equally
frank here. "All we can say is
that We feel we have top-grade
advisers who will at least equal
the record of existing funds. I"
Incidentally. it's logical to ex-
pect the fund will tend to con-
centrate on securities in the
electronicS field. Representing
the union on the funds board
are physicists and engineers.
And if this fund is success
full, you'll copy it for otherS?"
"Unquestionably." ADS, Mr..
Haddad disclosed, is right now
negotiating with a half dozen
other groups for similar mutual
funds. I'VE already have ap-
proval of a plan for a national
fraternity with about 10000
members, are working on a
fund for several local unions
in Washington"
Whatever the results of the
ESA experiment, the way for
investment companies tailor
ed" for individual unions has
been opened.
Distributed 1860, by The Hall syndi-
cate, Inc. All Rishts Reserved
Evening star., 1960-04-11
New Thompson's S
Dairy Center Is
Being Erected

Jack Ferguson. executive
vice president of Thompson's s
Dairy, today told of a new
S30O,OO0 expansion program to
serve Virginia suburbs. A dis
tribution center for 35 home
delivery routes is being erected
at Merrifield. We. at the cor
ner of GallowS road and
Strawberry lane on a 3-acre
site.
A new fleet of refrigerated
trucks will operate from this
branch base within a month.
The main building will include
a refrigeration plant as we'll as
Offices.
William Hudson will be
branch manager. Leonard Frye
will be assistant manager.
Evening star., 1960-04-11
Bank CIeurinqs Up
NEW YORK Anril II {

NEW YORK, April II (AP) .
Bank clearings in 26 big cities
in March were the second high
est for any month on record,
Dun & Bradstreet, Inc, re-
ported today. The total Of
$l15,864,848,0O0 was exceeded
only by December'S $121,757,-
100000 OBJ. The March figure
was up 9.6 per cent from Feb
ruary'S $105,674,238,000 and up
7.8 per cent from $107,433,8 3,858, =
900 CB) in March, 1859.
Evening star., 1960-04-11
Store Collections
Slightly Under SO

February collections of Wash
ington area department stores
amounted to 1877 per cent Of
February l receivables in the
case of charge accounts and
1913 per cent in the case of
installment accounts, the Fed
eral Reserve Bank of Rich
mond reported.
The figures in February last
year were 40.8 per cent and 10.9
per cent. respectively.
Store inventories on Febru-
ary 20 were up 81 per cent
from a year ago, while out
standing merchandise orders
were up 10.1 per cent.
Evening star., 1960-04-11
Analytic Services
Opens New Quarters

Analytic Services, Inc, held
an open house yesterday in it's
new facility at 1902 Leesburg
pike, Alexandria, Va. 1t was
formerly located in temporary
quarters at l101 North Royal
street there. The group was
Evening star., 1960-04-11
METAL PRICES

NEW YORK. April IL tAP) Spot
nonferrous metal prices today Copper
33 cents pound, Connecticut Valley
Lead IL cents a pound, New York. Zinc
1914 cents a pound, New York. Foreign
silver q19s cents per troy ounce, New
York. Pittsburgh scrap steel No. l heavy
was quoted by Iron Age at 34.00-35 90.
Evening star., 1960-04-11
Split Approved
By the Associated Press

The Interstate Commerce
Commission today authorized
North American Van Lines of
Fort Wayne, Ind, to make a
two-for-one split of its no-par-
value common stock.
Evening star., 1960-04-11
FNMA Plans to Issue
30-to-270-Doy Notes
To Aid in Finoncinu
BY WILLIAM A. MILLEN
Star Stan Writer

In a venture. the Federal National Mortgage As
today announced it will issue limited number OF
discount akin commercial about
Monday This will of its secondary market
operations financing requirements The total has not been
disclosed.
Evening star., 1960-04-11

good and choice 33.OO-27 so; load
lots mostly choice 20 5O-27 so: utility
and standard l7.50-22 so: utility and
commercial cows l65O-1S5O: Gamers
and cutters l4.O0-17.OO; utility and
and choice. vealers 27.0O-32 90: culls
down to 400
Evening star., 1960-04-11
FOREIGN EXCH'GE

NEW YORK, April II CAP).-For-
eign Exchange rates Great Bryain
and Australia in dollars. others in
cents and decimals of a cent?:
Today Prev. Day
free 1O3.5625 lO3. 1855
Evening star., 1960-04-11
OVER COUNTER

Washington listingS on overtime
counter markets furnished by the Ma
tional Association of Securities Deal
ers, Inc as of l pm Monday, April
Evening star., 1960-04-11
Earnings

GrOlier, Inc, in year ended
December 81 earned S4.3l6.Ol9
or Sl.91 a share VS.. S4,198,885
or S1.89 in 1858.
Ideal Cement Co. in 8
months ended March 81
earned S2,607,6l5 or % cents
a share VS.. $3,656.165 or SO
cents in 1859 period.
National Tea Co. in IL weeks
ended March 26 earned
81 1,412.729 or 20 cents a share
VS.. $1,755, ,036 or 26 cents in
1859 period.
Texas Gulf Producing in 3
months ended March 81
earned S1,218,352 or 80 cents
a share VS.. S1,218,654 or 80
cents in 1859 period.
Binks Mfg. Co. in year ended
November 80 earned $1,009,330
or $5.05 a share VS.. $53l,329
or S2.68 in 1858.
Jefferson Lake Sulphur in
year ended December 81 had
a loss of Sl,328.644 VS.. a loss
of $659,212 in 1858.