davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-06-17
PhiIco Distributors
Show New Equipment

Philco distributors of Wash
ington had a successful three
day preview of Philco's new
Reverbaphonic Hi Fidelity
equipment. Frank Bonner,
branch manager, said. This
was held for appliance dealers
in Philco's new showrooms at
1925 V street NE, Monday
through Wednesday.
Evening star., 1960-06-17
BY SAM DAWSON
Associated Press Financial Writer

NEW YORK, June II. - The
changing political weather ir
Japan could set off business re-
actions here as we'll as policy
ones around the world.
That is because in these
times, business, whether it likes
it or not, is closely tied in many
ways to government decisions
at home and abroad. And SO
as a result, are jobs and in
comes.
The stock market, industrial
leaders and consumers in gen.
eral will have a stake in what
kind of government finally con-
trolls Japan and sets its rela-
tions with us and with Russia
and China. and in what, If
any, changes this brings about
in the policies of the United
States Congress and admins
tration.
U. S. Firms Affected
And a number of American
firms have markets, factories,
or both in Japan. Others here
do a thriving business in i'm
porting Japanese goods. Japan
ese companies also have opened
stores and other outlets here.
The collapse of the attempt
at a summit meeting in Paris
failed to upset business trends
here because little had been ex-
pected from Paris anyway. But
the crisis in the Far East might
have more far reaching results
since it is a new thing.
The business tie-ins with
the cold war change-if that's
what the Tokyo rioting and
cancellation of President Eisen-
howers good will visit brings
aoout-will be first in the dol
lar and cents areas of defense
spending and foreign trade
policies (both exports and i'm
ports) and second in the psy-
Geological effects on consumers
ana stock traders and indus
trial planners.
Whether defense spending
goes up. and if so what lines
will be favored, will affect the
prospects of industries and
companies and the view of
Wall street as to the value of
their stocks.
Many companies also have
Evening star., 1960-06-17
N. Y. PRODUCE
NEW YORK ,June ~ (Apl GIsr

NEW YORK, June II (AP) (USDAJ
Butter offerings fully adequate. De-
mands fair. Prices unchanged.
Cheese steady prices unchanged
EggS-Wholesal offerings light to
adequate. Demand improved today.
Wholesale selling prices based on
exchange and other volume sales.)
New York spot quotations follow:
Includes Midwestern: Mixed colors: Ex-
tras t4S-50 lbs) 331a-34la: extras
medium 27-2S; standards large 30
81 a; checks 26h-2S.
Whites: Extras (4S-50 lbs) 34-35Ia;
extras medium 27-2S.
35h.
Includes nearby: Whites: Top quail
ity (4S-50 lbs) 35-3s; mediums 27Ia-
20; smalls 24-25.
Browns; Top quality (4S-5O lbs)
361a-37ha; mediums 2S-29; smallS pa
Evening star., 1960-06-17
Security Storage
10 PoY 40c Dividend

Directors of the Security
Storage Co. have declared a
regular quarterly dividend of
40 cents per share, payable
July II to stockholders of rec
ord July 5. This was announced
by Philip Gore, president.
Evening star., 1960-06-17

IL SCG IIlc ICSlSII dIlUIl 1CC
pany made an estimated cost
offering price. But the exact
price will be set later, when
the commission acts favorably
on the request. 1t is expected
to be around $40, observers
said.
The underwriters are John
C. Legg g. Co., investment
bankers of Baltimore.
The company is seeking COM
mission approval for an offer
ing of l million shares of 81
par value capital stock. 1t is
engaged in the business of is
suing variable annuitieS, life
insurance and disability inSur-
ance in combination.
Expansion Planned
-Oficials told the commission
the net proceeds of the offering
will be used primarily to eX-
pand and develop the COM
pany's business.
Because the variable annu-
ity is not yet widely known,
the company believes it will
be essential to expend consid-
cradle effort and funds for pro-
motional, educational and ad-
vertising purposes" the firms
preliminary prospectus said.
Accordingly, it proposes to A.
nance an extensive program Of
sales promotion and advertising
directed to both the general
public and the life insurance
industry.
The company considers that
the variable payment approach
can be applied to a broad range
of insurance and annuity con-
tracts funded by equity type |
investments.
New Contracts Projected
1T intends to proceed with |
an aggressive program to de-
velop and market new forms
of insurance and annuity con-
tracts employing the variable
payment concept"
The company also pointed
out in its prospectus that "a
further objective of the offering
is to provide the company with
a substantial capital and sur
plus" 1t said that this financ-
ing is deemed adequate for the
company's foreseeable needs
and no further capital f1nanc-
ing is now contemplated.
The firm was the subject Of
a famous Supreme Court case.
The company recalled in its
prospectus that on March %,
1859, the Supreme Court ruled
that the variable annuity con-
tracts issued by the firm are
nonexempt securities within
the meaning of the Securities
Act of 1888 and that the COM
pany is subject to regulation
under the Investment Company
Act Of 1910.
Certain Exemptions Made
BY an order issued February
Is Of this year, the commission
exempted the company from
certain provisions of the act. |
The company has registered as
a diversified, open-end company
under that act. But it said in
its prospectus that does not |
involve commission supervision
Of the management of the COM
pany or of its investment prac-
tices or policies. 1t has in ef-
feet under the Securities Act
Of 1888 a registration statement
covering its variable annuity
contracts and sis the first COM
parry to offer such contracts
pursuant to such registration |
statement" the prospectus as
serted.
The firm explained "the vari-
able annuity differs from the
fixed dollar annuity principally
in. providing for annuity pay
ments based on investment per-
Torrance instead of specified |
dollar payments. although the
fixed dollar annuity may also
be written to provide for par
trina ting dividend navToeyotc - /
Evening star., 1960-06-17
Computers Serve
ShirIinqton Trust

George M. Rowzee, jr., execu-
tive vice president. announced
the Shirlington Trust Co., Ar
lington, Va. has become the
FIRST bank in Virginia and the
Washington Metropolitan Area
to use high-speed computers
Evening star., 1960-06-17
METAL PRICES

NEW YORK, June II (Apl.-spot
nonferrous metal prices today: Copper
Lead II cents a pound, New York. Zinc
- cents q pound, East st. Louis, Tir
81 OF p q, pound, New York Foreign
silver 91ss cents per troy ounce, New
Pittsburgh scrap steel No. 1 heavy
was quoted by Iron Age at 81 .OO-S3 90
Evening star., 1960-06-17

annual dividend of SITS per
share as of July l to stock
holders of record June is. This
is the first semiannual divi-
dend the company has declared
because it has been on an an
nual basis heretofore.
Evening star., 1960-06-17

ably" Mr.. Rogers said, you
have to have a large volume of
sales. We moved into markets
where the brand was not pre-
viously known to find out how
the mixes would move on their
own with merely a merchandis-
ing effort on the part of the
retailer"
The company worked out a
plan featuring twice-a-year
sales of the product at modest
sum.
Acceptance was excellent" "
Mr.. Rogers reported, "and the
sales have resulted in good year.
around buying of our mixes"
Expansion Gradual
Unlike the Nations largest
fiour-milling companies, he OBJ
served, Wilkins-Rogers has had
to expand its business gradually
Carefully keeping production
in line with demand.
Evening star., 1960-06-17
Bank Puts Dividends
On SemiunnuuI Bosis

President w. I. Green of the
Farmers Banking g. Trust Co.
OF Montgomery County, Rock
vile, Md, announced that the
directors have declared a semi
Evening star., 1960-06-17
Variable Annuity Life
Plans Issue of Stock
To Raise $40 Million
BY WILLIAM A. MILLEN
Star Stan Writer

The Variable Annuity Life Insurance of America 1892
street NV seeking around $40 million in money for
expansion has filed registration statement with the Securities
and Exchange Commission, officials disclosed today
To the registration fee with the commission the
pany made estimated share as possible
Evening star., 1960-06-17
OVER COUNTER

Washinston listings on overtime
counter. markets furnished by the Ma
tional Association of Securities Dealers
as Of l pm. Friday, June Il:
Evening star., 1960-06-17
FOREIGN EXCH'GE

NEW YORK, June II (AP).-
Foreign exchange rates (Great Britain
! and Australia in dollars, others In
cents and decimals of a cent?:
Today Prev. Day
Evening star., 1960-06-17
TREASURY BONDS

NEW YORK, June II CAP).-Yester.
day's closing over the counter United
states Government Treasury bonds,
Evening star., 1960-06-17

been urging Washington to re-
lax further its rules on trading
with the Communist bloc. The
Far East situation could harden
administration thinking along
that line.
Evening star., 1960-06-17
DIVIDENDS

NEW YORK, June II (AP) .-Divi-
dends announced:
Pc Stk of Pay
The Farmville herald. (Farmville, Va.) 1957-current, 1960-02-12
Young Missionary To Giue Talks Here

A young missionary who has already
spent lifetime of missionary service -
from China, where her father and mother, DR..
and Mrs. James Bear, were missionaries, to
the Belgian Congo, where she and her hus-
band are serving will speak at Hampdcn-
Sydney, February 16 and in Farmville, Feb
ruary II.
Mrs. Campbell Davis Wallace will address
the Women of College Church at pm. in
College Presbyterian Church next Tuesday
Wednesday, she will address the Women of
the Church at Farmville Presbyterian Church
at pm. In both talks which are open to the
public, Mrs. Wallace will outline the mission
OF the church in the Congo, as she has seen
it in three years in that turbulent country's
capital city.
In Leopoldvlle population 100000, the
Wallaces served as directors of primary
schools. Together they laid the groundwork
beginning with house to- house calling. for a
new church in the suburb of Lemba where
population is expected to reach some 10000
They witnessed the January. 1859. Leopold
vile riots, as the Congo exploded into violence
in its march toward independence And in
four years. they have learned to communicate
IN both French and Lingala, as she worked
with the women of the church young peoples
programs and Sunday Schools and as her
husband supervised evangelistic work in parts
OF the metropolis.
This year they are home on their first
furlough since their appointment as mission
aries in 1855. They will spent the year in
Richmond
Mrs Wallace attended Agnes Scott Col
lege in Decateur, Ga, and the Presbyterian
School of Christian Education in Richmond
In further preparation for the mission field.
The Farmville herald. (Farmville, Va.) 1957-current, 1960-02-12

| Robert Briefly, Don Drake, w.
g. Haag, jim Paxton, A. D.
Wilson and Sidney Jones Will
attend a meeting Of the Society
of American Foresters in Dur
ham, N. c., Friday.
Dr.. Francis G.. Landlord, Dr..
G. G. G. Moss ard DR.. Ruth Will
son will attend the annual meet
ing of the Association of Virginia
Colleges in williamsburg Friday
and Saturday.
Nh. and Mrs. George Newman
have returned from a visit of
several days with their daugh-
ters, Mrs. Granville Bageant.
and family in Pulaski and Mrs.
Jack Murphy, and family in
Staunton.
Dr.. Earl Boggs is in Chicago,
ILL.,, where he is attending a
meeting of the American AS
ISOLATION Of Colleges for Teacher
Education.
Miss Julia Davidson is at home
after undergoing surgery at Uni
VprcitV HocpitaJ opd copvaIoco
in the home of her nephew. Dr..
Marion HUMPHREYS, and family
in Charlottesville.
Bob Thalman was an overnight
guest of Mr.. and Mrs. James B.
Hickey in Chapel Hill, N. c.. this
week.
H. S. Whitaker will return to-
day from spending several days
in Richmond.
Mrs. F.. R. Crawford and Mrs.
j. O. Hart will attend the Vir-
ginia Council of Church Women's
annual meeting in Richmond,
February 1917.
Mr.. and Mrs. Richard Peery.
of Chevy Chase, Md, we're re-
cent visitors of Mrs. Adelaide
Edwards.
The Farmville herald. (Farmville, Va.) 1957-current, 1960-02-12

basis ri a slxty-Cent ticket pur-
chased each month, The funds
being used to defray expenses
Of special events.
Taylor said this morning his
reason for making the snack bar
available to the teen-agerS was
there was no place in Farm
vile for the group to have a.
real recreation center. He said
that, although the new facility
would be open to the public dur
ing the week, it would belong
strictly to the teen-agers on the
week end. and would be under
their management when in use
by them.
Upper School students are
eligible TO enter the name Sc
lection. contest which may be
sent 10 aher. LAYER or Wake,
Glenn.
The Farmville herald. (Farmville, Va.) 1957-current, 1960-02-12
club 1872 For 7een-Agers Organised

= currently conducting con
test 10 name The new business
for Taylor. A prizc ri $40 will
he awarded the person who
com c up with the best
name by next Thursday.
No club sessions will be held
until the snack bar is opened
which according to Taylor will
come by next week end. Under
the arrangement the club will
have use Of the new facility from
6 pm. Saturday through Mon
day morning. A juke box and
space for dancing will be pro-
vided in addition to food con-
cessions. The center will be
managed by tho teen-agc board
of managers under adult super
vision each week end.
Chairman Walker Gls,n sa.d
membership YOU'D be on the
The Farmville herald. (Farmville, Va.) 1957-current, 1960-02-12
Homemokers Items
Unhappy About
Your Food Bills?

Don L. Long Of VPI's agricul-
tural economics department says
not to overlook how many non
food items may be included in
the grocery bill.
Admittedly it's convenient to
buy soap. tobacco. tooth paste,
magazines, and other items as
you buy groceries. On the other
hand, it's hardly fair to put these
into the food budget.
Long says some studies by the
Supermarket Institute and by
some individual food chains give
some clues about the extent of
nonfood sales in grocery sales. A
study by a mid-western whole
sale grocery company which
sponsors a group of retail gro
GERS showed that the average
customers in these stores spent
IS cents on every food" dollar
for nonfood items. This study
put beverages such as soft drinks
and beer in the food group.
Cigarettes and tobacco alone
took five cents of the average
grocery store dollar. Paper prod
uctS took over two cents, as did
soaps and detergents. Health
and beauty aids took almost two
cents. The meat department got
only % cents Of the grocery store
dollar, dairy products about IL
cents. and produce nine cents.
So more cents of the grocery
store dollar go for non-foods than
for many of the major food
groups.
Long points out that there has
been big increase in the num-
Der and variety of nonfood items
in grocery stores. Things like to-
bacco. soaps. and laundry sup
plies have been on grocery
shelves SO long they seem to be
natural part of the grocery
bill. However. now there are
greeting cards, clothing, electri-
cal appliances. hardware. garden
hoses. and Photographic supplies.
In general. these items move
much slower than do the food
items. AS a result. the difference
between their cost and their sell
ing price must be bigger to cover
the overhead costs Of handling
and selling.
The Farmville herald. (Farmville, Va.) 1957-current, 1960-02-12

t'armvllle' s first organized
teen age club Is now 4 rfallty
To he known as Club 49, the
group was recently orga nlZed
and teen-agc board of man
ayers named.
Walker Glenn is Chairman of
the group and Sheri Taylor is
secretary treasurer. 0 t h r
members Of the ten-member
board are Barbara Ennis, Patsy
Terry, Shannon Francis, S a m
Martin, Jimmy Craft, Baxter
Carter, Harold Tate and Dickic
Cralle.
The club, open to students at
the Upper Schools Of Prince Ed
ward and WorSham Academies,
will meet on week ends at d new
snack bar beng opened by Rob
ert raylcr at ll9 THIRD street
The clubs board q managers
The Farmville herald. (Farmville, Va.) 1957-current, 1960-02-12
Club Calendar

Methodist WSCS - Monday
Feb. Is, 8 pm. Circle 3 with
Mrs. C. H. Newman, Jr.; circle
4 with Mrs. J. D. Gorrell; circle
5 with Mrs. N. M. Gill; circle
6 with Mrs. j. M. Fleetwood:
circle 7 with Mrs. Mary Full
cher, co-hostess, Miss Jessie
Glenn; and circle with Mrs.
R. A. Wilmoth. Tuesday, Feb.
l6, 10 am. circle 2 with Mrs.
r. w. Motley, co-hostesses,
Mrs. R. C. Maxwell and Mrs.
E. F. Striplin.
Rebekah Lodge - Tuesday
Feb. 16. 8 pm, at the Odd
Fellows Lodge.
International Relations De-
partnent, AAUW - Friday, Feb
IL. 8 pm, Alumnae house.
India" will be topic Of speak
er, William Noble.
Nora Lancaster Garden Club
Tuesday, Feb. 16. at 3 pm.
with Mrs. Joseph H. James.
The Farmville herald. (Farmville, Va.) 1957-current, 1960-02-12
Junior WOn,an's
Club Plans Bake
Sale Saturday

At the regular meeting of the
Junior Woman's Club, Tuesday
evening, final plans were made
for the bake sale which will be
held at Newberry's Saturday
February Is beginning at 9 am.
Each member will furnish two
bakery items which will in
clude homemade cakes, cookies,
pies and breads.
Mrs. F. R. Crawford was
guest speaker at the meeting.
Tuesday. She presented wives
of Virginia Born Presidents a
delightful and Informative char
acter sketch Of each of Vir-
ginia's first ladies'.
Special guests for the meet
ing were the two foreign ex-
change students from Long
wood. Mrs. Thomas Joyner, In
ternational Relations Committee
Chairman. introduced Georgette
Remington. of Moulins, France,
and Sara PiZrro, of Mexico City,
and a 'get-acquainted" session
followed the meeting.
The Farmville herald. (Farmville, Va.) 1957-current, 1960-02-12
NelU Residents
In Farn,uille

Mrs. Grace Ward, Of Winston
Salem, N. c., has joined hel
daughter, Mrs. Cassell, who re
sides on the Prospect Road.
Mr.. and Mrs. Calvin Tuck have
established residence at 3O4 S
Virginia street and Mr.. and Mrs
Richard Crews at 304A Pine
street. They are from Richmond
Tuck is manager of the new
Safeway store, and Crews is his
assistant.
Mr.. and Mrs. william Payne
Of South Boston, are living at 507
Virginia street, and Mr.. and Mrs
Robert Barger. of Appomattox
are at 3l6 w. Third street. Payne
and Barger attend Hampden-
Sydney College.
Other employees and families
of Safeway store are Mr.. and
Mrs. Frank Harris, of Freder-
icksburg, Mr.. and Mrs. Allen
Chapman, Of Charlottesville. and
Mr.. and Mrs. George Garnett, of
Charlottesville.
The Farmville herald. (Farmville, Va.) 1957-current, 1960-02-12

Mrs. c. w. Harris spent sew
eral days this week in Charlottes-
vile where she was the guest OF
Mrs. H. H. Garth.
DR.. w. Otis McClung, Mrs. E
j.. Andrews, Jr., and Mrs. S. A
Overton attended conference
for School Missions at Be,lah
Baptist Church, Monday evening
Mrs. E. E. Riddleberger visited
her mother, Mrs. J. G.. Falls,
who is a patient in the Roanoke
Hospital, Tuesday.
J. S. Robinson, of Richmond
visited friends here this week.
Mrs. Harold Garrett visited
her aunts, Miss Virginia Ander-
son and Mrs. Frank Caldwell
and Mr.. Caldwell in Roanoke this
week.
A. ]. Frederick will spend the
week end with his family in
DoylestoWn, Pa.
Mrs. Billy Druen entertained
her bridge club Wednesday eve
ming.
Mr.. and Mrs Richard Bondur-
ant, Of Richmond, were week
end guests Of mis- parents, Mr..
and Mrs. R. S. Bondurant.
Mrs. l.. S. Bailey will be hos
tess to the Friendship Club Fri
day evening.
The Farmville herald. (Farmville, Va.) 1957-current, 1960-02-12
Hospital News

There were n patients in the
hospital. Thursday morning.
Patients Admitted
Mrs. Charles Purvis, Dillwyn:
Mrs. j. E. johnson, Farmville
F. A. O'Brien. Appomattox
Mrs. o. E. Singleton, Skipwith;
Mrs. Carrie Miller, Farmville;
Franklin Boyd, Crewe; Miss
Carolyn Newcomb, Crewe;; Mrs.
L. c. Jennings, Burkeville; J.
H. Moore, Crewe.
Also. G. R. Nolen, Amelia:
Mrs. G. w. Moore. Crewe;
Richard Fore. Farmville; Mrs.
j. E. Weston, SAKE; T. c. Bur-
ton, Amelia: j. o. Stegall At
lanta. Ga; Mrs. Matte ellis
pie, Pamplin: Mrs. S. D. Cry
der, Randolph: Miss Mary
Moore, Prospect, and w. B.
Walker. Jr., Cumberland.
Births
Mr.. and Mrs. J. N. Womack.
Farmville. boy, February 8.
Mr.. and Mrs. H. R. Bolt,
The Farmville herald. (Farmville, Va.) 1957-current, 1960-02-12

she studied at the Institute for Outgoing Mis-
Sionaries, of the Presbyterian Church, o. s.,
and for year at the Colonial School in Br1s-
sells. Belgium
She is member of the Doermann Me-
mortal Presbyterian Church in Blackey, KY,
where her husband was minister before ap-
pointment as a missionary
The Wallaces plan to return to the field
in August.
The Farmville herald. (Farmville, Va.) 1957-current, 1960-02-12
Fire Department
Auxiliary To Have
Benefit Card Party

The Fire Department Aux
iliary is sponsoring a benefit
card party to be held Friday,
February 10 at 8 pm, at the
Fire House.
Reservations may be made by
contracting Mrs. o. B. Blair al
Elk 2-44l2 or Mrs. Walter
Southall at Elk 2-4936.
Guests are asked to bring
their own tables and cards. A
prize will be awarded at each
table.
The Farmville herald. (Farmville, Va.) 1957-current, 1960-02-12
~ rsona( Mlntion

Mr.. and Mrs. Fred Hamburg
Jr., moved into their new house
IN Cumberland County, Wednes-
day.
Mrs Erby Johnston was hos
tess to her bridge club TUESDAY
evening.
Mr.. and Mrs. William Gaunce
and family and Mrs. BERTHE Nor
ton, Of Norfolk. were recent
guests of Mr.. and Mrs. E. L.
Morton.
Mr.. and Mrs. H. C. Hallock
left Monday to spend several
weeks in Florida.
Mr.. and Mrs. Cleafe Carr. of
Windsor. were week end guests
of Mr.. and Mrs. Morton Davis.
Mrs. L. j. Riley is recuperat-
ing at home after being a pa
tient at Southside Community
Hospital for some time.
Mr.. and Mrs. B. S. Hamersly
will entertain their bridge club
Thursday evening.
Mrs Florence Griffin, of Fork
Union, has been visiting with
her sister MRS. Harvey Miller
who is a patient at Southside
Community Hospital.
Miss Agnes Watkins had as
her week end guests her sister.
Mrs. Martha Owen. of Richmond
and Mrs. Curtis Fray, Miss
Lemma Snider, Miss Katherine
Pannell and Miss Nellie Mecart-
ney. all of Winchester.
Mrs c. w. Glenn. Mrs. Roy
Pearson. Mrs. S. A. Martin and
Mrs Shelton Whitaker were in
Richmond. Tuesday for the Sara
Sue hat show.
Miss Jane Morton, Of the Vir-
ginla Baptist Hospital School of
Nursing in Lynchburg. will visit
her parents, Mr.. and Mrs. E.
L. Morton. this week end be-
fore going to Blacksburg where
she will attend the mid-Winter
dances at VPI.
Dr.. and Mrs. A. Tyree Finch
returned this week from Holly
wood Beach, Calf, where DR..
Finch attended the South Allan
tic Association of OBJ and GYM
Mr.. and Mrs. Art Cleveland
OF Hornell, N Y. and Mrs.
George Nelson and Mrs. Clar
encc Nelson, of Jamestown
NJ ", were overnight guests Of
Mr.. and Mrs. Richard Nelson
this week while en- route to
Florida.
Mr.. and Mrs. G. L. Tench and
daughters visited her sister,
Mrs. L. M. Mintz, and family
IN Surry, Sunday.
Mrs John Wilson accom-
panied a group of Longwooc
College students to East Caro-
lima College in Greenville, N. C.
for the week end where they in.
stalled the 10th chapter of the
Delta Zeta sorority.
Mr.. and Mrs. James A. Har-
per. ~. and family, of Rich
mond- visited his parents, Mr..
and Mrs. Harper, Sunday.
The Farmville herald. (Farmville, Va.) 1957-current, 1960-02-12
BarT-Southau Engagement Told

Mr.. and Mrs. Clarence William
Barr, of Farmville, announce the
engagement of their daughter
Patsy Lee, to Johnnie Herbert
Southall, son of Mr.. and Mrs.
Hazel Edward Southall, of Farm
vile.
Miss Barr is student of Cum
berland High School. Mr.. South
all is a graduate Of Farmville
High School.
A summer wedding is planned.