davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-10-25
Three Top Executives
Quit EIqin Watch

CHICAGO, Oct. Is (AP).-
Elgin National Watch Co. lost
its second chief executive in
less than two months and two
other top executives yesterday.
George j. Daily, jr., executive
vice president, announced his
resignation. He was given man
agement reins September 9
after James G. Sherman re-
signed as President.
The resignation Of Sylvester
D. Moorman, vice president and
general manager Of Elgin's
Watch division. was accepted
by the board of directors.
The third to resign Is Leroy
A. Mote, corporate secretary.
He was replaced by Richard G.
Sillman.
Evening star., 1960-10-25
Insurance Chief Okoys
DC. Rating Bureau Bill

John Keyser, president. told
the National Association of Mu-
tual Insurance Agents meeting
at the Statler- Hilton Hotel yes
terday that he agrees with the
new District Of Columbia rating
bureau bill as far as it offers
reasonable competition.
But he warned against the
prospects OF, this action result
ing in unregulated rates and
forms. He asked for a qualified
committee to study the sound
ness Of the bill and It's neces-
Sity.
John r. Bunting. business
economist, Federal Reserv
Bank of Philadelphia, sees no
recession and no boom in sight,
Evening star., 1960-10-25
Weaver Plans
I Apartment
Developments

Two apartment projects total
ing $3.50, 900 to be financed by
the Metropolitan Life Insurance
Co. were announced by Weaver
Bros. Inc. realtors and mort
gage bankers here.
Weaver Bros, Washington
mortgage loan correspondent
for the Metropolitan. said Mar
low Overlook Apartments, q
158-family garden apartment
development, will be built on
the north side Of Dallas drive
and st. Barnabas road in
nearby Prince Georges County,
Md. The mortgage loan on
this project Is more than $1.1
million.
The other project. covered by
q 81. 100000 mortgage loan, is
on the final eight-story build
ing to be built In the Summit
Hill Apartment development at
the northwest corner Of East
West highway and Sixteenth
street NV. Weaver Bros. said
completion Of financing ar
rangements brings. the total
mortgage loan commitments on
the eight buildings to SO, ,255 900.
The final building. containing
Isl apartments, is scheduled
for completion in the summer
of 1861. Then, the Summit
Hill project will contain living
space for 997 families, q SWIM
ming pool and parking space
for l.500 automobiles. Apart
ments range in size from two
to seven rooms, with air con-
ditioning. garbage disposals and
dishwaSherS, automatic eleva-
tors and a master television an
tenna. The developers are
Nick Basiliko and Jerry VOL
man.
Marlow Overlook Apartments
will be built on a wooded site
Of % acres between Marlov
Heights and Deer Park, Z miles
southeast Of Washington. The
development viii be five two
STORY air-conditioned buildings
containing 158 apartments
ranging in size from three ano
a half rooms, with one bedroom
to flve and a half with three
bedrooms. NARROW Associates
Inc. is the owner and operator
and the builder is Saul Ritzen.
berg. Completion is slated fol
February, 1862.
Evening star., 1960-10-25
Metro, Inc, Elects
William r. Kahn

The board Of directors of
Metro, Inc, financial manage
ment corporation, has elected
William R. Kahn as president,
officials today announced.
Mr.. Kahn succeeds the late
Karl r. Kahn. A special meet
ing of the board was held Oc-
tober 18.
Evening star., 1960-10-25
S25OMiIIion Borrowing
By ATGT Costs 434%

market trend the debentures will
be redeemable for five years,
the second time since World
War II that an AT&T issue has
carried this provision. The first
was a $25 million Offering OF
35-year S per cent debentures in
October 1857.
The utility will pay an annual
net interest cost Of 4.686 per
cent. In November 1859, when
the utility last borrowed $3.50
million the cost was SGT per
cent-the highest AT&T has
paid since 1925. Those deben-
lures carried a 53s per cent
coupon and were due in 81 years.
Evening star., 1960-10-25
EIsberg Honored
By Ad Club

The Washington Advertising
Club today presented Milton
Elsberg, the president Of Drug
Fair, and his wife with q silver
cigarette box for their work in
acquainting YugoslavianS with
American merchandising and
advertising. ...
Mr.. and Mrs. Elsberg worked
in the Drug Fair which was
built for the International
Trade Fair last month in
Zagreb. Mr.. Elsberg described
the Yugoslav reaction to the
store at a club luncheon at the
Presidential Arms. A film Of
the fair was also shown.
Evening star., 1960-10-25
PEOPLE
IN
BUSINESS

w. X. Grifath of Falls
Church, Va, formerly asso-
ciated with the University of
Arizona and Purdue Univer-
sity. has joined the American
Potash Institute Of Washing
ton. D. c., as Eastern agrono-
mist. e..
A new Vic fanny Gym and
Health Club has been opened
at 171S L street NV. with
Miss Greta SchOtt of WASH
ington as manager. @
Walter E. Cunning has been
appointed director Of the real
estate and insurance grogram
of the School of Business Ad-
ministration Of the American
University, Dean Nathan A.
Baily announced.
Blauvelt Engineering Co.,
New York. has announced the
opening of a branch Office
under the management Of Paul
S. Anderson at 1346 Connecti-
cut avenue NV.
Kelvin e. Hughes America
Corp. held an open house yes
terday at its new plant, lis
Eastern avenue, Eastport. An
napoliS, Md.
James L. Lambrecht has beer
appointed controller Of the
Developmental Enginee r inl
Corp, President Lester H
Carr announced.
Capt. william I. Bull, retired
naval officer. recently principa
electronicS officer for thu
Bureau Of Ships, Navy Depart.
ment, has been named as
sistant to the president o.
Hoffman Electronics Corp. H
Leslie Hoffman.
The insurance arm Of Bogart
and Brownell, 7720 Wisconsin
avenue. Bethesda. Md, an
nounces william p. Lynch ha
joined the firm, to administel
THE claims department. MI
Lynch was a special agent o
the Federal Bureau Of Investi
cation. The firm members
Ralph Bogart and Bobb,
] Brownell have been man,
times District and Maryland
amateur golf champions an,
golf executives.
Evening star., 1960-10-25

NEW YORK, Oct. Is (AP).-
American Telephone & Tele-
graph Co. today borrowed $3.50
million by issuing 32-year de-
bentures in the largest new
financing of 1860.
The big utility awarded the
securities to an underwriting
group headed by Morgan Stanley
& Co. in competitive. bidding.
The winning bid was 101.0599
for a 434 per cent coupon.
The debentures are to be re-
offered publicly at 101.656 to
yield 4.65 per cent.
In keeping with the current
Evening star., 1960-10-25
BUSINESS
BRIEFS
Business Failures in the week

Business Failures in the week
ended october 20 totaled 270
compared with 326 in the pre-
viouS week and $50 in the like
week a year ago.-Dun & Brad
street.
Life Insurance purchases over
the Nation in September to-
tailed $5,5S5. 900. 900, up 2 per
cent from 1859; for 9 months
$50, 2,579, 100000, up 3 per cent
from 1959.-Life ms. Agency
Mgm. Assn.
Mutual Savings Banks re-
ported September deposits
gained $268 million, bringing
the total to $3.50 billion.-Na-
tional Assn. Of Mutual Savings
Banks.
Evening star., 1960-10-25
SEC Delays Hearing
On Suspension Move

The Securities and Exchange
Commission announced post
,pNpement from yesterday to
January 8 of the hearings to
determine whether the broker
dealer registration Of Inter-
national Investments, Inc, 116O
Twenty-first street NV, should
be revoked.
It said the postponement was
requested by staff counsel to
provide further opportunity to
serve the conlpany's president,
John K. Gibbs, with notice of
the proceeding. The commits
sion recalled the company's
registration was suspended Au-
gust 6, pending decision on the
question Of revocation.
Evening star., 1960-10-25
ContructGoes


NEW YORK, Oct. Is (AP).-
The Lockheed Aircraft Corp.
yesterday reported receipt Of
an additional $1S1 million con-
tract for development Of q
longer-range Polaris missile.
Lockheed Is the Polaris mis-
sile system manager. Hershel
j. Brown, vice president and
general manager Of the COM
pany's missiles and space di-
vision, said the contract brings
to $608 million the amount
awarded to the company for
PolariS research and develop
ment since 1856.
Evening star., 1960-10-25
YOUR
MONEYS WORTH
u. S. Warning to Germany!
SY SYLVIA PORTER

At recent conferences, Secre-
tary Of the Treasury Anderson
faced West Germany's Eco
nomics Minister, Ludwig Err
hard. and her Bundisbank pres
ident, Karl Blessing, and told
them some blunt facts Of life.
No reporter was present when
Mr.. Anderson was making his
off-the-record rem marks, Of
course, but from both United
States and German authorities
! have pieced together the
story Of what happened. It is.
a tale of utmost Importance.
Mr.. Anderson, began by en-
phaSizing the extent to which
American aid has helped the
Germans stage q comeback
from World War MS ruins to
the most successful nation in
Europe. He pointed out that
from zero West Germany has
built her resources to the point
where her vaults are now bulg-
ing with more than IS billion
Of gold and dollars.
He went on to stress the ex-
tent to which we have been
continuing to pour billions OF
dollars into other nations-in-
cluding West Germany-in the
form of military aid, gifts
loans, development assistance
etc. We are spending SO billion
more abroad this year than we
are taking in from other coun-
tries. on top Of deficits running
to $7.3 billion in 1858 and 1859
and as a result our gold reserve
is being drained away.
j Drain Must End
This sort Of drain. Mr.. An
derson declared, cannot go OF
indefinitely, and then he laic
it on the line. He said in ef'
feet:
cts time you stopped takinl
Evening star., 1960-10-25

mas Just given the company q
commitment for $2.5 million
for construction of a shopping
center in Roanoke, Va. Con-
Struction Of this project has
just started, he said.
The meeting also was in
formed that the Hampshire
Langley Shopping Center at
New Hampshire avenue and
University lane in nearby
Prince Georges County, Md,
was completed during the past
year. Stockholders also heard
that the Giant Food Store has
been opened in the Beacon
Field Shopping Center at the
old Beacon Airport, south Of
Alexandria, Va, on U. s. Route
One.
All officers and directors were
reelected, -
Evening star., 1960-10-25
New Steel Firm

PITTSBURGH, Oct. Is (AP)
Allegheny Ludlum Steel Corp.
and two Belgium firms jointly
disclosed plans for the forma-
ton Of a new major special
steel company in Western Eu-
rope.
Evening star., 1960-10-25

He said monetary policy may
be temporarily losing a little Of
its magic. He Is inclined to feel
the present uncertain, indef1n-
able state of the economy may
last longer than most antici-
pate.
Housing, automobiles and ap-
pliances are areas of potential
stimulus for the economy, he
declared. Government spending
will quite likely rise for the
next year or so, he predicted.
Evening star., 1960-10-25
D. c. Bank Women
To Hear Trowbridoe

The Bank Women's Club Of
Washington will hear President
A. Buel Trowbridge of the
American Association for the
United Nations in the Capital
Area at Z o'clock tonight at the
Raleigh Hotel.
He has just returned from q
tour of Russia and will give his
observations. Mrs. Frances Wy
song Turner, club president,
will preside. Members Of the
Union Trust Co. will be host
esSes.
Evening star., 1960-10-25
Eornines

National Biscuit Co. in IL
months ended September 80
earned $27,671,974 or $4.06 a
share VS.. $24,054,511 or $3.49
in 1859.
KrOger Co. in 40 weeks ended
october 8 earned $17,596,4 ass
or $1.40 a share VS.. $18,797, ,129
or $1.52 In 1859 period.
Washington Steel in year
ended September 80 earned $2,-
141,535 or $3.50 q share VS..
$2,739.675 or SAL in 1859.
Bond Stores, Inc. in year
ended July 81 earned $685.
696 or $1.51 a share VS.. $3,197,-
703 or $1.89 in 1859.
Other earnings included:
Fer MOntha Ended Rantemher 3n
Evening star., 1960-10-25
ItuIiun Stocks Slump

MILAN, Italy, Oct. Is (AP). L.
The price Of Italian stocks
fell on Milan's exchange yes
terday more than in any single
day since the war. Losses
ranged from S to 28.3 per cent.
The drop caught many Italian
stockholders by surprise. Prices
had been soaring for. months.
Evening star., 1960-10-25

a free ride on the backs Of the |
American taxpayers.
Were putting more than
$3.50 million of the taxpayers
cash a year into maintaining
your military defenses, and
the Western Alliances military
spending in West Germany
comes to more than 81 billion
a year. You're loaded with hard
cash and dollars. You can
easily afford to pay some of
those bills yourself. Do it!
you're exporting all over
the world, but by many subter-
fuges and angles you're push
ing the financing of your ex-
ports on us. It's about time
you started providing honest
financing for your exports"
Oh certainly, Mr.. Anderson'S
words were more diplomatic,
but their meaning was unmis-
taxable. And how did Erhard
and Blessing react? Again, ac-
cording to informed sources,
they listened sympathetically
and with understanding. but
answered that "the problem"
was Chancellor Adenauer and
it was most improbable that
Mr.. Adenauer would do any
thing along the lines proposed
until after the elections of Sep
tember 1861.
This would mean fat, pros
porous, successful Germany
would stay on the United
States taxpayers back for an
other year-and do nothing to
help halt the outflow Of gold
from our country.
Change Indicated
It seems inconceivable that
we'll Just accept this-ano
there are increasing signs that
we won't. In the words Of one
, authority, Nov we crack dowr
and show Germany we NEAR
what we say"
If she won't pay some Of the
military bills, for instance, We
might save huge amounts o!
dollars by sending over oul
: own supplies for our militar!
! forces. why not?" was ont
I angry comment. She'll mis-
that business if we start ship
ping in food, clothing, othel
+ supplies"
S If she won't finance her ex
ports as she should financ'
I them, we might simply an
! nounce we won't do it for her
e We can achieve plenty by tyinl
!. our loans to United State
goods and services. We nigh
make quite an impression b!
= suggesting" German auto
aren't essential imports for us
If we are forced to it, we Cal
E make sure that dollars don
o flow so smoothly and in sucl
S volume into the BundeSbank.
The greatest internationa
economic problem we now hav,
Y is the deficit we're running II
other lands. That West Ger
: many should lie at the hear
of that problem is infuriating
!. distributed 1850. by The Hall
!" Syndicate, Inc. AL Rights Reserved)
Evening star., 1960-10-25
Giont Food Properties
Boosts Assets in Year
To Over SIG Million
BY WILLIAM A. MILLEN
Star SfaR Wrikar

Assets Of Giant Food Properties Inc 1923 street NV,
increased from $2 million to than SIC million in the last
year. the annual meeting advised today.
The announcement made by Albert Abramson, vice
president and chairman of the executive committee He said
the assets represent land and completed buildings Washing
ton, Baltimore and Richmond.
Mr. Abramson said the Metropolitan Life Insurance
Evening star., 1960-10-25
Interest Rute Drops
On 91-Duy Offering
BY the Associated Press

The Governments short
term borrowing costs fell with
yesterdays weekly offering Of
Treasury bills.
Bids for the 81 billion Of
91-day bills averaged 2.129 per
cent, compared with last weeks
rate Of 2.406 per cent.
On bids for $400 million of
l82-day bills the average yield
was 1850 per cent. The rate
a week ago was 2.806 per cent.
Evening star., 1960-10-25
METALS

NEW YORK, Oct. rs (AP).-spot
aonierTcu: aS tsnt metal PRICES today; Copper
Zinc IS cents pound. East 81. Louis.
eign silver 91ss cents per troy ounce,
New York. Pittsburgh scrap steel No.
heavy was quoted by Iron Age ct
2S.00-29.0O.
Evening star., 1960-10-25
OVER COUNTER

Washington listings ON over the
counter markets furnished BY the Ma
tional Association Of Securities Deal
erS, Inc, as Of / pm. Tuesday, Octo-
Evening star., 1960-10-25

shares of outstanding stock al
public sale.
Evening star., 1960-10-25
DIVIDENDS
By the Associated Press
TREASURY BONDS

NEW YORK (AP) Noon over the
counter US. Government Treasury bonds,
bid. asked, net change and yield for
Evening star., 1960-10-25
UNITED STATES TREASURY POSITION

BY the Associated Press
The cash position Of the Treasury compared
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1960-12-09

the IL am. to pm rush period
win say: you can help end dis
elimination. Don't buy at MacyS
until they serve everyone In tina
South AZ wen as in the North"
The leaflets call attention to the
fact that Macy in New York does
not discriminate. They urge, how
ever, Macy In New York should
talk to Macy in Atlanta and secure
equal treatment for everyone
there"
CORE National Chairman Char
les r. Oldham of ST. Louis and
Vice Chairman Henry Hodge Of
Los Angeles have flown to New
York and VIII participate in the
picketing. More than 500 pickets
are expected to show up at the
Herald Square store.
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1960-12-09
MaTTienne Curry (,
Receives Award
For Suggestion

Miss Marienne e. Curry, 3626
Portland Av., has been awarded an
honorary certificate from the Post
Office department for her sugges-
ton that will provide improved
service to patrons.
Her suggestion Is that many
times letters are handled on the
direct" case which had a post
mark on them, but did not have
the stamp cancelled. These letters
are thrown in the "slulch" hole
and reworled thru the incoming
mail primarily where they are sort
ed for cancellation. As a result of
her suggestion, daubers for can
ceiling Of this mail are placed on
the direct" cases.
The award Is inscribed: Post
office Department Certificate of
Award to Marienne e. Curry as
official commentator and appreci-
alton for contributing a beneficial
suggestion" dated Minneapolis,
Mimi, November 80, 1860, and
signed Cleve r. Austin, postmaster
and Cuther Z. Summarized, Post
master General.
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1960-12-09
Twin City Council
Of Clubs Meets
Monday NiQhf

The Twin City Council Of Clubs
win hold its final meeting Of the
year on Monday night, December
IL, at the Ell1s Rest, 1915 Aldrich
Av. NJ, with Ames Lodge No. 105
host club. Reuben Warren Ii ex-
allied ruler.
All club representatives are
urged to be present and on time.
Important business on the
agenda win include q report from
the nominating committee with its
recommendation Of officers to be
elected for 1851; q report from
the Presidents BAH committee with
facts and figures on this years
ball and win discuss ways and
means Of improving next years
ball.
There win also be a discussion
on the role the Twin City Council
OF Clubs intends to play in sup
porting the Minnesota Council ON
Human and Civil Rights efforts
to secure fair housing laws during
the 1861 Minnesota State Legisla-
ture sessions.
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1960-12-09
Twin CRY EIks
joint MemoriGl
Service Sunday

Sunday night, Dec. IL, at 8 pm.
members of the EIlxs fraternity in
the Twin Cities win hold joint
Memorial services at st. Peter
AAGE church, 41st Street and
Fourth Av. s., Minneapolis.
Ames Lodge No. 100, is host
lodge. Participating with that
lodge win be Gopher Lodge 105
and Como Temple No. 12s Daught-
ers OF Ellxs of st. Paul and Min
nehaha Temple No. 129 of Min
neapolis.
Other Elks au1Ciliaries including
the Antler Guard viii participate.
The Rev. Lowell johnson, pastor
of st. Peter win give the memorial
sermon.
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1960-12-09
Picket NY. MGeY'S
I'm Protest Against
Aflumfu Oualet

New York City, Dec. Picket
ing Of the worlds largest depart
ment store, R H. Macy q Co. in
New York was scheduled for Fri
day, December 8 by the Congress
Of Racial Equality (coRE).
The New York picketing win Be
In support Of Atlanta students who
were arrested while demonstrating
at Davison-Paxson's, Macy's At
lanta outlet. and In other Atlanta
department and variety stores
Lonnie King, chairman Of the
Atlanta students, said: I'VE think
this support by CORE IL wonder
full Our ranks are solid In Atlanta
and with this support from the
North we shan secure equal treat
ment."
CORE leaflets to be distributed
to the Christmas shoppers during
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1960-12-09

eff the Negro Is to move ahead In
the eos; one-bigotry must be on
the wane, two-the majority group
must be split and lvying for Negro
support, and three - the Negro
must be ready to demonstrate, and
sacrifice IT, need be, for equalityH
Mr.. Riess indicated that today
these three conditions have been
met and cited the efforts Of the
two major parties in the last pres
idential election to secure the Ne
gro vote. .
He also cited the efforts of the
Soviet bloc, and the West to in
huence the IA new African count
ries recently admitted to the
United Nations as proof that ma
tionaIly and internationally, the
dominant groups are wing for
Negro support.
Regarding the readiness Of the
Negro to demonstrate and sacri-
flee, the branch president said,
THE success of the Montgomery,
Alabama bus boycott, and the
success Of the sit-ins led by Mar
tin Luther King attest to the fact
that the Negro Is ready to push
vigorously toward his goal Of First
class citizenship.
This, obviously was a slap at
the advocates of graduahm, Of
which the leading prepayment Is
Mississippi novelist, William FaIk-
ner, who maintains that the Ne
gro Is winning his fight and ought
to proceed slowly to prevent VOL
ence. r-.r
Rieas cautioned the audience
with, ITO act vigorously now is
to succeed; to fail 80 to act il
sheer folly"
Questioned about the concept
that Negro Advancement Is an art.
Reiss said that the history Of the
Gandhi movement; the insights Of
the ages; socio-economic studies;
and current psychological and
anthropological thought, all pro-
duce and make known the techni-
ques Of fighting oppression, and
In this sense has made resisting OPP
preston an art. Negro Advance
ment hinges" he said, upon the
alienation Of oppression"
The North Star Branch women's
Auxiliary smoothly handled the
serving Of food to the large group
In attendance.
Branch officers installed were:
L. Richard Riess, president; Dem
mis- Hines, vice president; Wendell
c. Jones, secretary treasurer;
Maurice Haynes, editor, and Lea
mon Banks, trustee.
women's Auxiliary officers In
stalled were: Mines. Timma Leah
Riess, president; Verna F1ippin,
vice president; Ella Mae Ewing,
secretary; Rosemary Micheau,
asst. secretary; Helen Orr, treas
urer; Edna Mae Judy, sunshine
chairman; Bonita McHie, chap
lin; Wanda BarI1sdale, sergeant-at-
arms; and Mary johnson, reporter.
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1960-12-09
Big BGskefbGA
Come Az Halle
EriduV MiQhH

A basketball game between the
Halle Big Five" and Mounds
Park, plus a dance afterwards is
the weekend members sports and
fun lover.
The game win be held In the
Halle gym Friday night, Dec. o,
and win be called promptly at 8
pm.
The Halle team win feature
Charles Cooper, former Boston Gel
tic, the first Negro to play in MIA
Fro basketball; James Tucker,
former Syracuse Nationals star
and other local stars.
The Mounds team VIII feature
ex-Lalxer player Ed Kalafat and
others. g.-. r.
A dance follows the game.
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1960-12-09

MRS. THERESA GRANGER
election held Thursday night, De-
cember /, at the EIlIs Rest, 1915
Aldrich AV. N.
Other officers renamed or elect
ed were: Mines. Weller White, vice
daughter ruler; Beverly Crawford,
assistant daughter ruler; Victory
Smith, chaplain; Gertrude Nit
chell, escort; Genevieve jackson,
financial secretary; Lucille Wood
ard, treasurer; Mabel Balsom,
doorkeeper; Ethelyne Brown, gate
keeper; Mary Hollingsworth, chair
man Of trustees; Capola Davis,
Jimmie Lee Hatchett, and Juanita
Lewis, trustees.
District deputy Ida Mae Burrell,
grand daughter ruler, conducted
the election. Installation viii be
held january 5, 1861.