davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-12-22
CHICAGO GRAIN

CHICAGO. Dec. 2s CAP1.-drain
row RANGE while soyNeans weakened
Brokers said there were no. signi.
ficant market Influences except In soY.
beans. which reacted to 9 Government
report on November cTushinss.
shortly before INC noon, nm March s.SSS;
corn V lower to Y higher, March
! .093t; oats q lower TO " higheg,
March 65as; rye A.a lower, March
l.lSh: soybsans Ma lower. January
CAieaEs Cash MARKETS
No wheat, oats or soybean aales.
Corn No. 4 yellow SSh.i.OOlS; Nc. 5
yellow 92-97h: sample Grade yellow
.O7N.aA. Barley: Mating choice .2O-
1.2S nominal: feed 1890 nominal.
Evening star., 1960-12-22
METALS

NEW YORK, Dec. % (AP) Spot
nonferfous metal prices today: Copper,
80 cents q pound, Connecticut Valley
Zinc, IL cents Q pound. East st. Louis.
Tin. 1.01h Q pound. New York. For
eIgn silver, 01h cents per troy ounce,
New York. Pittsburgh scrap steel No.
heayy was quoted by Iron Age at
Evening star., 1960-12-22
COTTON

NEW YORK. Dec. a2 (AP) Cotton
holiday Influences curtailed activities
in. futures. Nearby March advanced
ehghtly on trade buying Some Of
the deferred deliveries .eased as light
liauidatiOn and hedsing met limited
Late afternoon prices were 10 cents
. bale higher to- Is cents lower than
May 52.70 and July s3.i0 sid.
Evening star., 1960-12-22

s1Unit Of trading ten shares or salsS
Rates Of dividends In the foregoing
table are annual disbursements based 90
the last quarterly or senni-annual declara.
tion. Unless otherwise noted. special or
extra dividends are not included.
a-Also extra or extras. b. Annual rate
plus stock dividend. d Declared or paid
In lS59 plus stock dividend. e. Declared
or paid 90 far this year. t. Payable In
stock during 1857 estimated cash value
on ex-dlvidend or distribution date.
g-Paid last year. b Declared or paid
after stock dividend or split up. KIDS.
clared or paid this year, an accumulative
issue with dividends In arrears. p Paid
this year, dividend omitted, deferred or
no action taken at last dividend meeting.
r Declared or paid In 1850 plus stock
dividend. { Payable In stock during 1850.
estimated cash value on ex-dividend or
ex-dlstribution date. y-LiQuldating divi.
dend.
cid Called. I'd Elk dividend. x.dls = Ex
distribution. xr Ex rights. XIV Without
warrants. WV With warrants. wd When
distributed. WI When issued. nd-Next
day delivery.
vj-In bankruptcy or receivership OF be.
ing reorganized under the Bankruptcy Act,
or securities assumed BY such companies.
Evening star., 1960-12-22
FOREIGN
EXCHANGE

NEW YORK. Dee. % CAP).-Foreisn
EXCHANGE rates (0Feat Britain and
Australia in dollars, others in cents
and dseimals Of eent):
r..... To-day Prev. nay
Evening star., 1960-12-22
AMERICAN STOCK EXCHANGE

SVishes N me Asseesd INCLUDES MOST ACTIVE ,ssuws
'smhes EXPLAINED Notes Following Exchanss ~,
Evening star., 1960-12-22
ODD-LOT TRADING

NEW YORK. Dec. 20 (AP)-The
New York Stock Exchange reported
today these odd lot transactions b.
principal dealers for December Fl:
3gs. .324 shares including 1,623 shares
sold short.
Evening star., 1960-05-05
NAA Chapter Lists
Officer Nominations

William B. Cochrane. chief
accountant for Judd 81 Det-
weller. has been nominated as
unopposed candidate for presi-
dency of Washington Chapter,
National Association of Ac-
countantS.
Nominated for vice presi-
dents are: Andrew Barr, chief
accountant of the Securities
and Exchange Commission,
and Harland K. Heumann,
Alexandria Redevelopment and
Housing Authority.
Wilbur B. TubbS, Chesapeake
& Potomac Telephone Co., has
been nominated for treasurer,
and Wilhelmina B. Kegel. Gov
ernment Service, Inc, has been
nominated for secretary.
Evening star., 1960-05-05
Mutual SAVINGS
Bankers Set
Sessions Here

Prominent Federal officials
and financial leaders will be
among the speakers at the 40th
annual conference of the Ma
tional Association of Mutual
Savings Banks which opens at
the Shoreham Hotel next Mon
day and lasts through Wednes-
day.
More than 1900 bankers are
expected for the affair. 1t will
be the NAMSB's fourth con-
ference in the Capital. John
deLaittre, president of the
Farmers and Mechanics Saw
ings Bank Of Minneapolis and
association president, will give
his annual report the first ses-
sion Monday morning.
Speakers will include: Ray
mond j. Saulnier, chairman of
the Council of Economic Ad-
yisers; Maurice H. Stans, di-
rector of the Budget Bureau;
Senator John Sparkman, Dem
ocrat of Alabama. and Com
missioner David M. Walker of
the Urban Renewal Administra-
ton, and Wallace o. Duvall,
president of the United States
Savings and Loan League.
Evening star., 1960-05-05
Earnings

Coca Cola international in
the first quarter earned $1.927,- :
629, or 1929 a share, VS.. ST.
091, ,202. or $7.39 a share, in the
1859 period.
PittstOn Co. net for 1860
should be substantially ahead
of the $4.54 a share reported
for 1859 despite a first-quarter
decline, j. P. Routh, chairman
and president, said. He re-
ported that the tentative earn
ingS figure for the first quarter
is $1.35 a share VS.. $l.52 in
the 1859 period,
Chicago, Burlington g. Quincy
in 1859 earned $17,696,143, or
$l0,36 per share. down 9.2 per
cent from 1858.
Howe Sound Co. President
William M. Weaver, jr., said
for 1860 net would equal about
$3.50 a share VS.. $2.37 in 1859.
He guessed there would be no
cash dividend in the near
future.
Other earnings:
Evening star., 1960-05-05
BUSINESS
BRIEFS
Pennsylvania Railroad has

Pennsylvania Railroad has
sold 240.075 shares of stock in
the Norfolk g. Western Railway
Co., reducing its direct holdings
to 02,260 shares, the New York
Stock Exchange reported. The
Pennsylvania Co., owned by the
Pennsylvania Railroad, owns
/ .995.024 shares of N61W stock.
N&W has 5,625,932 shares out
standing.
Heavy Construction Awards
for the week ended Monday
amounted to $530.4 million,
bringing the volume for 18
weeks of 1860 to $7,204, 400, 900,
which is 10 per cent ahead Of
last years pace.-Engineering
News-Record.
Commercial and Industrial
Loans at reporting member
banks in leading cities declined
by $46 million during the week
ended February 81, bringing
the total down to $30,940, ,00o,-
900. So far this year such
loans have increased by $465
million VS.. a decline of $l87
million in the 1859 period
Federal Reserve Beard.
Evening star., 1960-05-05
Bank Deposits off
Moderately in Week

Deposits of Washington's
three largest banks turned
down moderately in the week
ended April 81, but remained
above their 1860 low of March
30,s data from the Federal
Reserve Bank of Richmond
showed today.
The combined total of Riggs
National, American Security g.
Trust and National Bank Of
Washington stood at $1,030,-
$4,000 on April 81, compared
With $l,057.170,000 a week
earlier, but was ahead of ST.
020,509,000 on March 80. 1t
remained well behind $780,
238,000 on last December 30.
Demand deposits showed the
most change. They totaled
S7g9. .143,000 on April 27 VS..
$a25, $4,000 on April 20, $788,-
368000 on March 80 and $685.
$4,000 on December 80.
Time deposits totaled $751;
$4,000 on April 27, 1921, ,652,-
900 a week earlier, 232,141 900
on March 80 and $234,746 900
ARst December 81.
Gross loans showed little
change. in the week. They
amounted to $527,2l2,0O0 on
April 81, VS.. $527,25l 900 a week
earlier, but were we'll above
$518,636,000 on March 80. They
totaled $522,716,0O0 on Deem
Der 80.
Evening star., 1960-05-05

floods which helped send en-
ployment down a quarter-mil-
lion from February-ln con-
trast to the fact that even in
the receSSionS of 1854 and 1858
employment gained a bit ftom
February to March.
1t was the weather which
kept would-be shoppers at
home during March, had re-
tailers helpless with conSterna-
tion until just the last fortnight
before Easter.
1t was the weather which
helped LIMIT BODYBUILDING in
March to an annual rate of
only IL million houses. Re-
gardless of their wants or needs,
people don't go house-hunting
in snowdrifts and builders don't
lay foundations in below w-freez-
ing temperatures.
1t was the weather which
helped prevent the total output
of goods and services in our
country from zooming past the
$500 billion mark in the first
quarter and which contributed
to altering the economic shape
of the entire year.
And now? For the first time
in many months, we can look
at the economic pattern with
out worrying about distortions
forced by either the steel strike
or awful weather or a late
Easter.
Sunday-Are we too much
On-the-cuff?
Distributed 1860.
by The Hall Syndicate. Inc.
AL Rights Reserved)
Evening star., 1960-05-05

for a 3 per cent fare increase
on May Is.
Under CAB procedure the
fare increases will 60 into ef-
feet automatically 80 days
after filing of the requests un-
less the commission suspends
the proposals or orders an in
vestigation.
A spokesman for Capital
Airlines. who announced plans
to. file the request today, said
the fare increase would help
to- Offset spiraling costs the
airline industry has expert
encsd in meeting public serv-
ice requirements.
He said the Capital proposal
Is within the standards for de-
ter1nining the level of airline
passenger fares which the CAB
announced on April 20 in its
tentative vote in the general
passenger fare investigation.
st that time the board said
the measure of fair earnings
should be based on rate of re-
turn on investment and that
in considering future fare pro-
posals the board would en-
pley the regulatory standards
which it has voted in the gen.
eral investigation"
Capital noted that its pro-
poSal was slightly IN excess of
the recommendation made last
May in the CAB examiners
initial decision, but the firm
pointed out that the industry
has experienced a constant rise
in the cost of providing air
service to the travelling public
since that time.
Capital said the first quarter
OF. 1860 was one of the worst
such periods in the domestic
trunk - line industry's history
and that the proposed fare in
crease was necessary to enable
the industry to effectively meet
its air service requirements.
j. w. Miller, executive vice
president of Braniff, an
nounced in Dallas that its
Washington traffic agent has
been instructed to file for a 8
per cent increase in domestic
passenger fares, effective June
Is.
Mr.. Miller said the action
was predicated on the CABS
April 29 vote in the investiga-
tion to determine appropriate
standards in regulating fares.
Evening star., 1960-05-05
CHICAGO
LIVESTOCK

CHICAGO, May S tAP) CUsDA -
Hogs. 1000; butchers now active,
strong to % higher; sows steady to
strong; l-2 10000 ID butchers 16. So
1900; largely 16.75-16.90; around 15O
head Is and mixed 1-2 sorted for
weight and grade 200-2l5 lbs 1900:
a few lots mixed l2 220-235 lbs
16.50-16.75; most mixed lots 1-3 and
2-3 laO-230 lbs l6.25-16.75: mixed
grade Pa and 3s 230-260 lbs 1873
1850; few lots IS and mixed 1-2 200
$50 lbs 16.00-16.50: mixed 2-3 and Is
260-2S0 lbs 15.50-15.S5; a load mixed
l-2 ESQ lbs at 1885; few lots 3s and
mixed grade 2-3 and 3s 300-400 lb
sows 13.25-1425; 4OO-550 lbs 1880
1880.
Cattle 1000: calves 100; prime steers
and heifers ABSENT choice and below
scarce, about steady; cows about steady;
bulls active, strong: vealers steady;
stockers and feeders very scarce, a few
sales steady: part load OF high choice
200 ID steers 1900; good and low
choice 1000 lbs down 23.00-26.50;
load Of average choice 1,o43 lbs % 90:
few utility and standard 10 .00-22 so;
short load choice ISL lb heifers 27.00;
mixed yearlings 23.00.26,50; utility
and standard heifers 17.5O-22 so: most
utility and commercial cows 1900
1900: a few standard 1S.50-19.5O:
most Gamers and cutters 13.50-17 80;
utility and commercial bulls 1900
2l 90; good and choice vealers 21.00-
$500: culls down to 14.00; part load
good and choice 1000 lh. feeding
steers $500.
Evening star., 1960-05-05
OF BUSINESS $500.
Londo Rises to Industry Success
BY Corporate and Legal Wizordy
BY WILLIAM MaeDOUGALL
Star stan Writer

He doesn't look much like a
fighter. About S feet 9 inches
tall and possessed of a trim,
somewhat spare physique, he
looks more like a corporation
lawyer.
Alfons Landa is that, all
right, but he is very much a
fighter, too. He fights with his
brains. however, and an energy
that Ingemar Johansson would
admire.
Mr.. Landa, g., a handsome,
bright-eyed legal wizard who
moved to the Capital in 1920,
recounted at breakfast the 9TH
er day the career that has led
him from a Washington law
office to the presidency of some
of Americas largest corpo-
rations.
Current Top Positions
He is chairman of Fairbanks,
Morse g. Co. and the Pratt &
Whitney Corp, president of
Who's Who and the American
Institute of Management and
former president of the Detroit
& Cleveland Navigation Co.
and Colonial Aiirlines.
"As a matter of fact" he
said. I've dropped many direc-
torships because they've been
too hard on me-"
When the Chlcago-born ex-
ecutive first arrived in Wash
ington, he had no intention of
entering business.
"I wanted to be a lawyer,
he said. After graduation from
George Washington University
with a law degree in 1925, he
left for Europe, carrying on his
studies at Oxford University.
Joins Davies Law Firm
while I was in Europe" he
recalled. II met Joe Davies"
1t was a fortunate meeting for
Mr.. Landa. because the late
Joseph E. Davies - later this
country's Ambassador to the
Soviet Union-was an influen-
tial Washington lawyer.
Upon his return to Washing
ton, Mr.. Landa was invited to
join that firm - now Davies,
Richberg, Tydings, Landa and
Duff-which presently includes
two former Senators duff of
Pennsylvania and Tydings of
Maryland.
! In the course of his law ca
Evening star., 1960-05-05

sident Penn-Texas stockholders
and in 1858 succeeded in over
turning Mr.. Silberstein as pres
ident.
He was replaced by Mr..
Landa, who proceeded to settle
the battle. once and for all.
Il went to Col. Morse (Robert
H. Morse, sr., largest stock
holder in Fairbanks-M orse)
and asked him. What do you
wsnt?' Mr.. Landa said.
Here's Penn-Texas,' I said.
I don't want it. I want to move
on"
Col. Morse had other ideas,
however, and controlling inter-
est in Fairbanks Morse was
sold to Penn-Texas. The hold
ing company was subsequently
re-flnanced and renamed Fair
banks Whitney for its two major
components, including Pratt &
Whitney. Mr.. Landa resigned
last year and was replaced by
David Karr.
II was interested in solving
the company's basic problems, {"
Mr.. Landa explained, and
when that was done, I stepped
down."
He has not stepped out of
business life, however = far
from it. In addition to- his
chairmanships, he is a director
of two Washington mutual
funds, the Atomic Mutual In
vestment Co. and American
Business Shares and vice presi-
dent of Walker & Dunlop, Inc.
He loves his hectic schedule.
though, and wouldn't trade his
life for any other.
Evening star., 1960-05-05

Maryland Trust Co. succeeded
James F. Bridges of Riggs Ma
tional Bank as chapter presi-
dent.
r. Austin Tydings of the
Union Trust Co. of Baltimore
was elected second vice presi-
dent and Thomas P. McLach-
len of McLachlen Banking
Corp. elected secretary-treas-
urer.
H. Paul Mount, executive vice
president of Arlington Trust
Co.; John S. Risden, assistant
vice president of the Ma
tional Savings and Trust Co.
and James F. Willett, vice pres
ident of the American Security
& Trust Co., we're elected tc
the board of directors.
The chapter includes lending
officers of Washington ano
Baltimore banks.
Evening star., 1960-05-05
YOUR
MONEYS WORTH
What Weather Did
BY SYLVIA PORTER

Now that the weather the
Nation over is beautiful and
beneficial, you may forget the
extent to which 1960's storms
piled distortions on top of dis
tortions already created by the
steel strike.
The first heavy SHOWS began
February 8 in the Rocky
Mountains and moved east. The
second started February 13 in
the Gulf area, moved north
east and blanketed the South
ern States with snowfalls of
more than a foot. The third
SHOWS came right on the heels
of the second. moving from
Texas-Louisiana to New York.
The fourth storm series be-
gan March 2, crippled most of
the East and caused l0-foot
snowdrifts in Massachusetts,.
The fifth started in below
freezing temperatures in mid
March and hit a large part of
the country. Then came the
warm air, melting the SHOWS,
flooding the Missouri and upper
Mississippi Valleys and causing
new forms of misery.
Of course, not everything
bad that happened IN Feb
ruary-March can be blamed on
the weather.
But it was the weather which
helped send joblessness soaring
in March in the biggest rise of
any March since World War II.
1t was the combination of
freezes, SHOWS storms, rains and
Evening star., 1960-05-05
Credit Executives
Prepare Booklets

Two Washington store re-
tail credit executives have pre-
pared special booklets in a
series to be distributed by the
credit management division of
the National Retail Merchants
Association.
Charles F. Nauman, credit
sales manager Of Lansburgh's
and chairman of the division,
has written a pamphlet on
credit in branch stores.
E. M. Arthur, credit sales
manager of Woodward & 10th
rop is chairman of the Credit
Reporting Service Committee,
which has compiled a pamphlet
on checking and rating the new
account.
Evening star., 1960-05-05
Dormun Heads
Life Insurance
Association

Wayne E. Dorman. general
agent for Penn Mutual Life In
surance Co., was elected presi-
dent of the District Life Under
writer's Association at a lunch
con meeting at the Presidential
Arms today.
Mr.. Dorman, who has served
as first vice president of the
association in the last year,
succeeded William r. Tooker
general agent for Berkshire
Life Insurance Co. He is a
chartered life underwater and
is a past president of the CLU
Chapter here. He also has
been a director of the General
Agents and Managers Associ-
alton for a number of years.
Quentin c. Aanenson, man
ager of the Washington agen0'
for Mutual Life Insurance Co.
of New York. was elected first
vice president.
Frank Ridge, Washington
Agency supervisor for Mutual
Benefit Life Insurance Co., was
elected second vice president
r. Louis Hates, assistant
general agent for the Fidelity
Mutual Life Insurance Co..
protested that nominations hao
not been made the required Is
days before the election. How
ever, the outgoing president,
Mr.. Tooker, proceeded with the
election on a show of hands
to waive the requirement.
Elected directors were: Pau
Gibson, Sun Life of Canada;
George w. Graves, jr., New
England. Life, and Richard w
Hynson, Home Life.
Evening star., 1960-05-05
METAL PRICES

NEW YORK, May 5 CAPl Spot
33 cents a pound, Connecticut Valley.
Lead l2 cents q pound, New York.
Zinc 10 cents q pound, East St. Louis.
Tin 9a7s cents a pound, New York.
Foreign silver 91ss cents per troy
ounce New York.
Pittsburgh scrap steel No. heavy
was quoted by Iron Ase at "a .00-35 90.
Evening star., 1960-05-05

reer, Mr.. Landa represented
such business barons as the
late Louis B. Mayer, president
of Metro Goldwyn-Maye Stu
dos; Thomas ]. Watson, sr.,
late president of International
Business Machines Corp, and
Alexander De Seversky, a
founder of the present Republic
Aviation Corp.
II began to represent large
corporate entities" Mr.. Landa
said. land in the type of work
I was doing, it was hard to
separate law from the business
aspects"
Decides on Course
Eventually, he said, II found
that I would rather be the en-
ployer of lawyers than a lawyer
employe."
A wiry, torceful man who
can't recall a day in his life
he hasn't spent working, Mr..
Landa approached the situa-
ton scientifically.
when I started to exert my
self in the direction of busi-
ness" he said, II decided I'd
better learn about it right"
He thereupon bought a small
urban bus line in Florida, and
learned by actual experience
how to run it profitably.
At about that time some IS
years ago he became interested
in proxey contests.
II became interested in proxy
contests" Mr.. Landa recalled
Struggles Of that kind -
which are waged for control
of a corporation - are now
vastly different from the no
holds-barred contests of half
a-century ago. but no less ex-
citing.
THE difference is they are
now strictly under a set OF
rules and closely monitored by
the Securities Exchange Com
mission" Mr.. Landa noted.
He estimated he has fought
in so or 10 proxy contests,
including battles for control of
the Fruehauf Trailer Co. and
Montgomery Ward & Co.
Three Year Contest
The most famous of all his
battles was the three-year
Struggle for Fairbanks-Mo
that almost ended in defeat for
the Landa forces.
The story of that affair began
in 1855 when Leopold D. Silber-
STEMS Penn-Texas Corp. began
to buy up stock in Fairbanks
Morse, a Chicago heavy mach
inery manufacturer. At Fair
banks-Morse's annual meeting
the following year, Mr.. Silber-
stein placed four men on the
l1-man board.
Robert H. Morse, jr., pres
ident of the firm and grandson
of the founder, came to Mr.
Landa for help. Mr.. Landa
agreed.
when Mr.. Silberstein came
to the annual meeting in 1857"
the lawyer said, "he had
enough votes to gain control
of Fairbanks-Morse, but an in
junction stopped him"
The SEC decided that Penn
Texas had not complied with
the Commissions proxy rules
Mr.. Silberstein and Mr.. Morse
then agreed on a five-year
truce.
AS it turned out, however,
Mr.. Silberstein was losing con-
troll.
Wins Presidency
II had learned long before" "
Mr.. Landa declared, 1T h a
when a man attacks you, you
don't attack the man, you at
tack his vehicle"
Mr.. Silberstein's vehicle was
the Penn-Texas Corp, a hold
ing company, and Mr.. Landa
quietly went to work to secure
its control. Backed financially
By Mr.. Morse, Mr.. Lam d a
formed a committee of dis
Evening star., 1960-05-05
Bonk Lending Chiefs
Fleet New Officers

Richard J. Watkins, vice
president of the National Bank
Of Washington. was elected
first vice president of Chesa-
peake Chapter, Robert Morris
Associates at the annual meet
ing at Congressional Country
Club last night.
Robert D. H. Harvey of the
Evening star., 1960-05-05
Capital AirIines Asks
4 Pct. Fare Increase,
Broniff to oSeek 3 Pct.
BY DONALD B. HADLEY
Star Financial Editor

Capital Arnes which facing suit for foreclosure of
It's plane feet today asked the Civil Aeronautcs Board
for per fare increase plus surcharge of 81 per
passenger ticket.
Branif Airnes also announced plans to file request
Evening star., 1960-05-05
CAN SAVE
YOU 800

Al Cranson, president of Cranson
Rambler, Bethesda, Americas
End largest Rambler dealer-who
sells 10 times more cars than
the average Ford dealer a..
20 times more than the average
Chevrolet or Rambler dealer :. =.
can save you 5000. See Fridays
STAR and Saturdays POST for
reason why. CRANSON RAM
BIER 1882 Bethesda Ave.
BethesdaT Maryland.
Evening star., 1960-05-05
OVER COUNTER

WASHINGTON listings on oyer-the-
counter markets furnished by the Ma
tional Association of Securities Deal
as of 100 pm. Wednesday, May 4:
Evening star., 1960-05-05
FOREIGN EXCH'GE

NEW YORK, May 8 (AP).-Foreisn
exchange rates Great Britain and
Australia in dollars, others in cents
and decimals of q cent?:
Tnanu.
Evening star., 1960-05-05
TREASURY BONDS

NEW YORK, May CAP).-Yesterday'
closing Over-the-counter United States
Government Treasury bonds
Evening star., 1960-05-05
ADVERTISEMENT

Prices quoted in dollars and thi
seconds
Partially tax exempt.
Evening star., 1960-03-06
You'd Be Surprised
What Goes On Here
By PATRICIA L. HITCHCOCK
Contributing Writer

The American Type Culture Col
lection maintains and distributes
important culture strains to science
and industry all over the world.
Since it was set up in 1925 with a
Rockefeller Foundation grant, the
ATCC has answered some 5000
yearly requests for such microscopic
peculiarities as influenza germs, so
that medical students could study
their effects; yeasts for experimental
ton by beer manufacturers, and in
fection-causing bacteria for pharma-
ceutical houses to use in testing the
effectiveness Of new drugs.
When scientist discovers a new
GERM" microbial strain previously
unidentified, he sends to the ATCC
a test-tube sample which he has
named and described. There, it is
CONTINUED