davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-06-03
Mortgages
Rise in May,
Top Year Ago

First mortgage Financing in
the District edged to a new 1860
high in May and exceeded a
year ago. data from the WASH
ington Real Estate Board dis
closed today.
The May total of 2,730,918
compared with $10,689,498 in
the previous month and $l7,-
151,452 in May last year, re-
ported Justin flinders, execu-
tive vice president of the. board.
The number of first mort
cages rose to 799 in the month,
compared with 7l9 in the
previous month, but was behind
900 in the same 1859 month.
For the first five months of
this year 3,629 first mortgages
amounting TO $86, l76,575 were
well behind 4,187 for $780,
379,625 a year earlier.
Deeds or property transfers
recorded in May numbered
l,124, compared with 1,018 in
the previous month and 1897
in Nav 1859 For five unnY1thS
deeds totaled 5.085, compared
with 5,973 in the same 1859
period.
May foreclosures in the Dis
trict dropped to so from SIS in
the previous month and were
below So in May last year. Five
months foreclosures aggregat-
ed 249, compared with 300 a
year earlier.
Evening star., 1960-06-03

Monthly payments less than rent and
q down Poyment of only $500 (which
includes house, lot and closing costs)
moves you and your fomiIy into q
home in RoyoI Palm Beoch-Lefcourt
ReoIty Corporations new city in fash
ionobIe Palm Beech County. In this
exciting Atlantic Gold Coast Location,
you will be close to yeor-round ocean
swimming public golf courses and
tennis courts, fine salt and fresh water
fishing, public morinos and q host of
other fociIities for the sports minded.
CuIturoIX the area. is rich with mu-
seums, ort schools, oduIt educational
courses, concerts and the theatre.
Royal Palm Beach itself offers top
facilities for. recreation free men,
bership in the Swimming Pool and
Club, dining in O smart new restou-
rant and focilities of the 32-room inn
at RoyoI Palm Beech are everyday
pleasures for property owners.
Best Of oII-Iife in this we'll planned,
heoIthfuI new city is easy on your
budget. Aword-winning homes-de-
signed especially for Florida LIVING
stort as low as $3.50 with q down
payment Of only $500 including house,
lot and closing costs. If Florida is in
Evening star., 1960-06-03

for the War Production Board,
became interested in perlite
shortly after World War II.
In association with about Is
others in Washington, Balti-
more and New York, he formed
Atlantic Perlite and opened for
business in 1850.
In a 0-square-foot plant
that has grown three times
since the initial construction,
the company appears to be as
sturdy as the mountains from
which its product comes.
Around the Clock
The firm has expanded from
a two-man operation to a 13-
man crew operating around the
clock, and markets it's products
from Norfolk to Harrisburg,
Fa., ana w M n On TO
Charleston, w. Va.
Its last published sales-a
figure now several years old" "
according to Mr.. Maury-were
reportedly more than $500, 900
a year. and the company has
grown steadily since.
The company's principal
manufacturing effort is con-
version of crush ID perlite,
shipped from the West in rail-
road freight cars, to the light
weight substance.
1T pops when heated because
the rock contains 2 or 3 per
cent water in molecular FORM"
Mr.. Maury explained. I'VE put
Evening star., 1960-06-03
Loans and Deposits
Of Banks Decrease

Loans and deposits of Wash
ington's three largest banks
declined for the second week
in a row in the period ended
May 25, the Federal Reserve
Bank of Richmond revealed in
its weekly report.
Gross loans of Riggs National,
American Security and National
Bank of Washington aggregated
527,563,000 on May IS, COM
pared with $529,451 900 a week
earlier and $522,716,000 on
December 80, 1859.
Commercial and industrial
loans amounted to $152,822, 900
VS.. $152,345,000 in the previous
week and $15O,449, 900 on De-
cember 80.
Deposits declined to $1,029,-
100000 on May 25, compared
with $1,041,389, 900 a week
earlier. and $1,000, ,238,00O in
December. Demand deposits
amounted to $800,210,000 VS..
12,410,000 a week earlier and
1855 ,492 900 in December. Time
deposits totaled $228,799, 900 VS..
| $288, ,979, 900 a week earlier and
1924, ,746, 900 on December 80.
Evening star., 1960-06-03
Freight CurIoudines
Show q Slight Gain
BY the Associated Press

Railroad freight volume
showed a slight gain last week,
largely due to the movement
of early maturing wheat and
an upturn in coal loadings.
The Association Of American
Railroads today reported the
loadings for the week ended
May % at 640,38 cars. This
was $3.50 cars, or 0.6 per cent,
above the preceding week; 49,
675 cars, or 6.8 per cent, below
the same week last year, and
110,609 cars. or 20.9 per cent,
above the corresponding week
in 1858.
Evening star., 1960-06-03

last previous deaQllne OF
June 6.
Vickers- Armstrong;, Inc,
which is seeking to collect $34
million of overdue payments on
Capitals fleet of ViscountS
through foreclosure suit, agreed
to the additional time.
Attorneys for VickerS said
their client granted the addi-
tional extension in hope that
something might yet be worked
out among the many proposals
advanced for solution of Capt.
tails financial difficulties.
The additional time was given
for Capial to file an answer
to the foreclosure suit or reach
some sort of a settlement with
Vickers. If nothing happens
by the new deadline, Vickers
will be free to ask the court
for a summary Judgment.
Proxies Solicited
In the meantime, the Cap
ital Shareholders Association,
which includes many pilots and
other employees of the airline,
is going ahead with it's solici-
tation of proxies from stock
holders in the hope of gaining
approval from owners ! of rs
per cent of the company'S stock
to force a new stockholders
meeting and election Of a new
board Of directors.
Proxy material cleared with
the Securities and Exchange
Commission was sent out last
week end by professional So
liciting firm and first returns
are coming in.
OfficialS of the association
pointed out that as SO to 81 per
cent of Capitals stock is held
in brokers names. the proxy
material has been sent in large
lots to various brokers for re-
distribution to their clients.
Not much response from the
brokers' clients is expected for
another week.
The high proportion in brok-
erS' names is due to the fact
that the shares are highly spec
ulative and Capital pays no
dividends, it has been said.
Knows of No Firings
An officer of the association
said he knew of no employe
losing his job because he had
been active in the associa-
tion's drive to change the
present board of directors.
Some pressure has been exert
ed on various members of the
association to Soft-pedal their
efforts, however, it is under
stood.
Capital announced a realign-
ment of some members of its
executive staff today. Clifford
H. Taylor was named director
of ground operations for the
company and George E. Park
was named director of market
ing services. .:
w. E. McGarry was named
Evening star., 1960-06-03

the. rock in a furnace with flash
heat at l.700 degrees Fahren-
heit and it is turned to a gluey
liquid"
AS the water is turned to
steam, he said, bubbles are
formed.
1--WE catch the bubbles, chill
them and bag them" he added.
Before conversion the crush
ed perlite weighs 80 pounds per
cubic foot. When bagged it
weighs 8 pounds per cubic foot.
Waste UnsOlved
The problem of waste remains
to be solved. About 4 per cent
of the finished perlite product
never reaches the bag. A fine,
almost dust-like powder, this
settles to the floor and must
be periodically collected and
disposed of.
We've spent about $4,000
trying to figure out something
to do with it," Mr.. Maury de-
clared. But SO far all we do
is dump it,"
Viewing the future cautiously
but optimiStically. Mr.. Maury
believes his products will find a
widening use in this area, par
ticularly among the gardening
set.
We're not big business" he
admitted, lust a small CONVEX
sion company-but we do have
lots of fun"
Evening star., 1960-06-03
TALKING OF BUSINESS
Engineer Heads Firm Turning
Rocks Into Versatile PerIite
BY WILLIAM MacDOUGALL
Star Stan Writer

An ex-Montana mining en-
gineer took no chances when
he opened a business here 10
years ago. He founded his firm
on solid rock.
In the succeeding years,
Jesse L. Maury, president Of
the Atlantic Perlite Co., 1919
Kenilworth avenue Me-, has
carved an ever-increasing mar
ket for his product in this
area. He says his company's
sales have grown at an average
rate Of 13 per cent a year.
His product: perlite, a VOL
canic rock from the Rocky
Mountains which can be ex-
panded by heat to form a
lightweight building material,
an insulator and a soil condi-
toner.
Known to man for hundreds
of years, the material was gen.
orally considered useless until
about 20 years ago. Almost by
accident, an Arizona metal
lurgist discovered its porous
nature when a shovelful Of
crumbled perlite, tossed casu-
ally into a furnace, began to
pop like popcorn.
Light and FireproOf
1t took little imagination
from that point on to realize
the commercial possibilities.
AS an aggregate in plaster
and cement, perlite was light
and easy to pour - although
more costly than sand. Used as
an insulating material, it was
durable and fireproof and,
added to soil, kept the earth
loose and workable for years.
Mr.. Maury, who came here
in 1941 as a mining specialist
Evening star., 1960-06-03
CHICAGO
LIVESTOCK

CHICAGO June 3 (AP) (UsDA.--
HOGS 1000; receipts largest for a
Friday since March Is this year;
trading slow, butchers weighing under
23O lbs 25 lower: weights over 230
lbs rs to so lower; sows mostly SO,
Instances rs lower: fairly good ship
ping demand; mixed lots 1-2 l9o-22Q
ID butchers sorted for weight and
grade II .5O-17. .75, 10 head at 17,15;
mixed lots 1-3 and 2-3 19O-230 lbs
$50 lbs 1S5G717 10 90; arS .6 and Is. Ss @SC3
and IS 2SO-3OO lbs 15.50-16.O0;
mixed grade 2-3 and 3s 300-4Q0 lb
s0vs g oo 14,Oo-l4,76; 4Oo-55o lbs 1900
CATTLE 500; calves none; not
enough Slaughter steer or heifer sales
for price test other SLAUGHTER
classes in very light supply. about
steady; load choice slaughter. steers
26.O 90; load utility 900 lb holstein
1880; few utility and commercial
cows 17.0O-1S.50; Gamers and cutters
l5.00-1S.00; utility and commercial
bulls 2O.O0-21. 90: few head standard
and good vealers 1S.00-26.G0; tulls
down to 1900.
Evening star., 1960-06-03
VEPCO to Start Work
On Plant in August

Actual construction of the
new $50 million CASTOR hydro
electric dam of Virginia Elec-
trio & Power Co. will start Au-
gust /. reported r. M. Hutche-
son, vice president.
The new 100000 kilowatt
station will have four $4,000
kilowatt units and will be To-
Gated 8 miles upstream from
Roanoke Rapids, N. C.
Contract for the dam has
been awarded to Stone & Web
Ster Engineering Corp. Compile
tion is planned in the spring
Iof 1868.
Evening star., 1960-06-03
IBM Veteran Retires
In Capital Plant

E. w. Ogram, plant manager
in the Washington card plant
of International Business Ma
chimes Corp. has retired and
has been succeeded by P. F.
Manieri, formerly assistant
plant manager, it was an
nounced today.
Mr.. Ogram joined IBM in
Hartford, Conn, as a customer
engineer in 1917. He became
plant manager here in 1916
after serving in the Army in
World War II. Mr.. Manieri
Joined IBM in Endicott, N. Y,
in 1888 and has been assistant
manager here since September,
1859.
Evening star., 1960-06-03

William d. Ladd has be-
come a registered rep
reSentative of FOIger,
Nolan, Fleming, w. B.
Hibbs & Co. and is assO-
eiated with Arthur S.
Friend, vice president in
charge of the municipal
bond department. In 1852
Mr.. Ladd Joined the staff
of w. B. HibbS & Co.,
which merged with Fol-
ger, Nolan in 1858. He is a
native of Washington and
attended American Uni
verSity and Washington
College of Law.
Evening star., 1960-06-03
Patterson Sworn In
For Second Term

Commissioner Harold C. Pat
terson of the Securities and
Exchange Commission today
took the oath of Office for a
new five-year term, expiring
June S, 1865. He has served
since August S, 1855.
Walter M. Bastian, circuit
Judge for the United States
Court of Appeals for the Dis
trict of Columbia, admins
tered the oath.
Commissioner Patterson
served as director of the SECS
division of trading and ex-
changes from June Is, 1854,
until his appointment as a
member of the SEC in 1855.
Evening star., 1960-06-03
Textron EIectronics
Acquires AIIequny Co

PROVIDENCE, R. l., June 8
tAP). - Textron Electronics,
Inc, has acquired Allegany In
strument Co. of Cumberland,
Md, for 100000 shares of Tex
tron common stock.
Allegany, founded in 1852,
manufactures precision elec-
tronic measuring devices, trans
ducers, thrust and pressure
measuring devices. It will op-
crate under its current man.
agement as a division Of Tex
tron.
Evening star., 1960-06-03
METAL PRICES

NEW YORK, June 3 AP).-spot
nonferrous metal prices TODAY: Cop
per 81 cents pound, Connecticut
Valley. Lead IL cents a pound, New
York. Zinc l3 cents a pound East st.
Louis. Tin 81 009s a pound. New York
Foreign silver 919S cents per troy
ounce, New York.
PITTSBURGH scrap steel No i heavy
was quoted by Iron Age at SO .00-34 90.
Evening star., 1960-06-03
Capital AirIines Gets.
Another Three Weeks;
DeodIine Is June II
BY DONALD b. HADLEY
Star Financial Editor

Capital Airnes has been given three weeks until
June q to try to work solution of financial dcues
before its major creditor makes another to orecose its
planes.
Company attorneys today asked Federal District Court in
New York City to permit the third extension from the
Evening star., 1960-06-03

your future, don't miss these bargain
first year prices. A $40 deposit will
reserve your home and lot. The two
and three bedroom homes come with
water and sewer already installed,
underground eos, sidewalks, dyomot-,
icoIIy-Ii9hted paved streets, conerete
drivewoys, oil copper plumbing. 5000
BTU gos heaters, Briggs bathroom fix
tures, sliding glass doors, ceramic tile
boths, silent light switches and mony
other duo!iN features.
Royal Palm Beach is being de-
VeIoped by Lefcourt Realty Corporo-
tion, q 33-yeor-oId public corporation,
whose fomous buildings grace the sky
lines of some of Americas largest
cities. lefcourt is also q two-tine
winner of FLORIDA ILLUSTRATES
Community Builders Aword.
RETURN COUPON OR PHONE srER.
LING 3.12Ao FOR A FREE BROCHURE
showing renderings and plans Of the
nine homes, or better still, visit our
around floor office at l0l2 l4th
Street NV (ocross from the HoniI-
ton HoteI) and see color slides, pic
tures and material about Royol PoIm
Beoch-the city planned for Florida
living. ,,.. ...
Evening star., 1960-06-03
TREASURY BONDS

NEW YORK, June 3 (AP).-Yester.
days closing over.the.counter United
states Government Treasury bonds.
Evening star., 1960-06-03
OVER COUNTER

washington listings on over-the-
counter markets furnished by the Ma
tional Association of Securities Dealers
as of / pm. Friday, June 3:
Evening star., 1960-06-03
FOREIGN EXCH'GE

NEW YORK, June 3 AP).-Foreisn
exchange rates (Great Britain and
Australia in dollars, others in cents
and decimals of a cent?:
Today Prev Day
Evening star., 1960-06-03

agency sales manager in Wash
ington and Fred c. Klein was
appointed assistant sales LIAM
ager in New York City.
Evening star., 1960-06-03

Prices quoted in dollars and thirty
seconds.
Partially tax exempt.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-17
KennedySays
He'sNot Sick
About PIanks
The stars convention Bureau

Los ANGELES. July To-
Democratic Nominee John F.
Kennedy told a news confer
ence today that a report that
he was sick" about some
planks in the party's 1860 plat
form was in error.
Senator Kennedy was reply
ing to question which quoted
William Battle of Virginia, his
close friend and active sup
porter, as saying the Senator
was "as sick" as Virginians are
about some provisions of the
platform. The implication was
that the civil rights plank was
referred to.
Denies "Sick" Term
Senator Kennedy said that
If Mr.. Battle said that he was
in error. The Senator. said
later that he had a high re-
gard for Mr.. Battle, and did
not believe he said that "be-
cause that is not my feeling"
Mr.. Battle said later that he
had never said that Senator
Kennedy was "sick" about any
platform planks, but that he
had, on the Senator's au-
thorization, told Virginia dele
gates Senator Kennedy had
been unaware of the planks
for establishment of a
fair employment practices COM
mission and for "first-step"
plans for indignation of every
school district by 1868.
Stands on Platform
Mr.. Battle said that he
might have said that the Sem
ator was surprised" by those
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-17
HEADLINE PERSONALITY
Mrs. Price Esteemed
For Political Broins

ANN ARBoR, Mich, July Is
(AP). - Mrs. Margaret Price,
newly-elected vice chairman
Of the Democratic Party, is
known in political circles as
a woman who can be as tough
minded as she can be persua-
sive.
Tall. blue-eyed and regally
handsome, the 47-year-old
brunette has been described
as one whose attractiveness
can cause half the male cynicS
in q smoke-fllled room to rise.
and offer her a chair. But Mrs.
Price is regarded as having as
good set Of political brains as
any Of the lifelong politicians.
who treat her with q respect
usually reserved for men only.
The mother of two sons and
wife of an auto company ex-
ecutive now stationed in Brazil,
Mrs. Price worked her way up
in politics. starting as a pre-
cinct delegate.
POlIed Million Votes
Twice she ran for State
auditor general to help the
ticket of Michigan Gov. g..
Mennen Williams. She went
into both races knowing she
was dependable" at the bal
lot boxes. But she only mar
rowly missed election in 194S,
when she become the first
woman in Michigan politics to
poll more than / million votes.
Last year. at the REQUEST Of
Gov. Williams, she became the
only woman of either party to
assess the chances of a poten-
tial 1860 Presidential candi-
date. 1t was partly on the basis
Of her frank report that Gov.
Williams decided to drop his
plans and back Senator Ken
nedy.
"COmmuteS" to Brazil |
She's one of Gov. Williams
biggest assets. Don't underrate
her." Samuel C. Brightman,
who handles publicity for the
Democratic National Commit |
tee, once said. |
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-17

two planks. but never that he
was as sick as the Southern
ers-"because some of them
were very sick"
He also said that he told the
delegates ''unequivocalIy" that
now that the platform was ap-
proved Senator Kennedy wiz
stand on the platform and not
repudiate any part Of it in
any way"
The Washington Star on
Thursday carried a story from
the papers convention bureau
quoting Mr.. Battle as telling
Gov. Almond of Virginia that
Senator Kennedy had said:
There is a lot about this plat
form he is as sick about as we
are-and he authorized me to
say that"
In that story it was noted
that a public statement by SEN
ator Kennedy after the plat
form was made public said st
am heartened by the vigorous
platform which our party has
adopted platform which I
can stand on without reserva-
ton. :"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-17

him." said Senator Kennedy,
and I am delighted that he
said what he did. My regard
for him would not be as high
if I thought he had done what
was charged. 1t is because I
know he would never do that
that I have such a high regard
for him."
Serves Without Pay
In accepting the chairman
ship of the national committee
Senator Jackson emphasized
he would step out next January
in order to devote full time to
his senatorial duties. He said
he was serving without COM
pensation. 1t is expected that
a full-tiyne national chairman
will be CHOSEN in January.
The committee reelected
Matthew H. McCloskey of Phil
adelphia as treasurer, and Mrs.
Dorothy Vredenburgh as secre-
tary.
Also reelected as vice chair
men of the committee were
Representative Boggs of Louisi-
ana. Representative Dawson of
Illinois. Senator Mansfield of
Montana, Gov. Robert B. Mey-
ner of New Jersey and Gov. G.
Mennen Williams of Michigan.
Members of the committee
presented Mr.. Butler with a
purse as a going-away present.
In making the presentation,
Phillip r. Perlman, former So
licitor general, told Mr.. Butler
his associates on the commit
tee wanted him to take a boat
for any part of the world in
which he desires to take a va
cation.
MIR. Butler thanked them, but
said he would not consider
taking the trip until after the
November election.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-17

Continued From First Page
night, they were pleased that
the national committee got
through its meeting today with
out any flare-up with Southern
members over the rule requir-
ing all committee members to
declare their support of the
party ticket.
Only one member, Judge Tom
P. Brady, national committee
man for Mississippi, failed to
sign the required statement of
Endorsement, but his action did
not reflect any desire to bolt.
Judge Brady said he did not
feel he had the technical power
to sign the statement because
the Mississippi executive COM
mittee had instructed him to
report back first on develop
mentS at the convention.
But he said he would submit
his statement of Endorsement
within 10 days, and If that was
not satisfactory, he would "re-
luctantly" retire.
Mr.. Butler fastened to as
sure him that would not be
necessary, and he continued to
take part in the proceedings.
Senate Majority Leader John
son Joined Senator Kennedy
in attending the national COM
mittee meeting, and both were
cheered Justify as they entered
the room together.
Senator Johnson said that
when Senator Kennedy asked
him to be the vice presidential
candidate he told him ''if that
was his decision I'd work my
fingernails of" in the cam
paign.
1T is not going to be easy,
1t is not going to be a pleasant
task" said the Texan, but I'll
be loyal and dedicated to the
leader of the party and the
program he advocates. will
help him to execute it In any
way he sees fit"
Mr.. Butler has been the
storm center Of occasional con-
troversies during his five years
as national chairman, partly
over civil rights, and more re-
Gently because of charges that
the national committee under
Mr.. Butler had rugged" this
convention in favor of the
Kennedy candidacy.
While introducing Senator
Kennedy to the committee to-
day, Mr.. Butler took the occa-
sion to denounce the latter
charge. b..
A Clear Conscience
"As I leave this Office today I
do so with a clear conscience, !"
he said, adding: Not one thing
was done in planning this con-
vention to help or hinder any
candidate. And any man in the
Democratic Party or outside of
1t who says it was done is not
speaking the truth"
Mr.. Butler left on a happy
financial note for a party al
ways pushing for money. He
said a little juggling to pay
some campaign expenses in
advance put the national COM
mittee $4,000 in the black as
he took his departure.
In beginning his speech, Sen
ator Kennedy backed up the
retiring chairman.
Il have a high regard for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-17

FULL NAME - Margaret Price.
CLAIM TO FAME-NewIy elect
ed vice choirmon Of the Demo-
crotie Notionol Committee.
HoME-Ann Arbor, Mich.
BIRTHYEAR-l9l3.
JoBS-Demoerotic notionol COM
mitteewomon since 1852; dele
gate to White House Confer
enees on Youth and Aging:
member Of notionel board Of
YWcA.
FAMILY - Husband, Hiekmon,
QUITO executive in BroziI; sons,
Morston, IS, and Hiekmon
III, ".
The fact that her husband
Hickman Price, is 5000 mile.
away from the Michigan scene
doesn't present any major
Mrs. Price has vir.
tually commuted between hel
home State and Brazil for some
time. She keeps abreast OF
State politics by mail. And she
manages frequently to visit hel
two sons, Marston, Is, and
Hickman III, II, who attend
st. Georges prep school in
Newport, r. I.
With the acknowledged abil-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-17
! Dead in Iroqi FIGHT

BAGHDAD. Iraq. July Is
(AP). - One policeman was
killed and several civilians in
jured yesterday when Iraqi Sc
curity forces broke up a small
leftist demonstration. The dis
turbance appeared to be an
isolated incident, and did not
stop a celebration of the Sec
ond anniversary of the Iraqi
revolution.