davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-11-10

voted to vice of one form or
another.
Gambling was rife and the
graft-what we now would call
"payola" was very substantial.
So one police captain, being
transferred there from a Wall
Street precinct, remarked in
eager anticipation: I've had
nothing but chuck for a long
time but now I'm going to get
some tenderloin." And thus the
district got its name.
The character of the district
has completely changed in the
past half-century, of course.
Where once were saloons and
gambling dens, now stand
m cd ern department stores,
business Office buildings and an
occasional theater or hotel.
Evening star., 1960-12-27
Stores Seem Sure.
KennedyWiII Show
For Inouqurution

The National Association of
Life Underwriters, 1922 F street
NV, said today that while
"shopkeepers in Washington,
D. c., took out Q 5000, 900 policy
against Harry s. Truman's
failure to show up at the l94S
Inauguration" no announce
ment of a similar policy has
been made to cover the Inaugu-
ration of John F. Kennedy.
In its January publication,
Life Association News, the as
sociation ran down the list OF
unusual insurance policies. It
said the nose Of Jimmy Durante
"the most famous nose since
Cyrano's"-iS insured for $l40.-
900. Fred Astaire's famous
dancing legs are insured for
$3.50 900, while Flamenco Artist
Jose Greco has four pairs OF
special elasticiZed wool trousers
which are insured against split
ting at $3.50 a pair.
The comedy team Of Abbott
and Costello once had a $780,
900 policy against disagree
ment between them during q
five year period. o.
Evening star., 1960-12-27
Slump Factors
Listed by
Steel Experts

CLEVELAND, Dec. 27 (AP).
Steel Magazine, the metal
working weekly, reports that
steelmen blame 1905 lacklus-
ter production rate on these
factors:
/. A slow start-contributed
to by the stock market slump.
2. Slumping demand from
appliance makers, oil COM
panies. railroads, and machin-
cry builders !.
3. Rigid inventory controls.
The magazine said it looks
like the years production will
be 99.3 million tonS-only six
million more than last year.
Still, said Steel. 1905 output
win be the sixth largest in the
industry's history.
Latest figures from the Com
merce Department show i'm
ports through october Of 2.97
million tons and q probable
total of 3.3 million. Last year
imports totaled ~ million. Ex-
ports, at 2.58 million tons
through October, seemed des-
tined to hit the predicted three
million.
Although business is in a
year-end slump" said Steel,
"steelmakers are looking for
better sales and shipments in
January. Bookings for next
month are S to 10 per cent
better than December"
The magazine said 1t looks
for operations to drop this week
to 40 per cent Of rated capacity
or less. Last week, furnaces
we're operated at Is per cent Of
rated capacity, l.8 percentage
points below the previous weeks
revised rate. Output was about
1885 900 ingot tons.
Evening star., 1960-12-27
PEOPLE
IN
BUSINESS

John r. Newman Of Kensing-
ton, Md, has been named manu-
facturers representative for Mo-
dine Manufacturing Co. In this
area.
]. Ralph Crutchfield has been
appointed assistant station sales
manager for American Research
Bureau, Inc. at Beltsville. Md,
Lion Transfer & Storage has
received the Trailmobile Safety
Award for the third consecutive
year for accident-free driving
by its entire feet in 1860. The
award was presented by the
District Trucking Association
Irving 8. Fields has been pro-
NOTED to supervisor Of the
Georgetown ID. c. agency OF
Phoenix Mutual Life Insur-
ance Co.
Evening star., 1960-12-27
Earnings

Atch., Top. g. s. r. R.R. in
II months ended November 80
earned $50, ,729, ,498 or $1.40 a
share VS.. $5l,711.60S or $1.90 in
1859 period.
Northern Pacific Rwy. in II
months ended November 80
earned $15,734.415 or $3.50 a
share VS.. $21, ,236,647 or $3.55
in 1859 period.
Utah Co. & Mining In year
ended october 81 earned SO, 9,134,-
687 or SAL a share VS.. $780,
137 or $40 in 1859.
Illinois Central R.R. in IL
months ended November 80
earned $9,789,277 or $3.l4 a
share VS.. 13.409,733 or $4.3l
in 1859 period.
Cessna Aircraft in year ended
September 80 earned $7.277, 900
or 1924 a share VS.. $7,937, 900
or $2.47 in 1859.
U. s. BOrax 81 Chemical in
year ended September 80 earned
SO, ,920,209 or $1.50 a share VS..
SO, ,048,249 or $1.29 in 1859.
Lehigh Valley R.R.. in II
months ended November 30
had a loss of $2.616.2s4 VS.. a
loss Of $3.092,713 in 1859 period.
Baltimore G. Ohio R.R. in II
months ended November 80
earned $1,532,60 VS.. $12,506,-
293 in 1869 period.
Harnischfeger Corp. in year
ended october 81 earned 81 ,206,-
$50 or 81 cents q share VS..
81, ,402, 1886 or $3.07 in 1859.
Leeds & Northrup in 6 months
ended November 80 earned
1928, 500 or 72 cents q share VS..
$782,604 or 81 cents in 1853
period.
Piedmont Aviation in 8
months ended September 30
earned $ll0,605 or 8 cents =
share VS.. $51.518 or 4 cents in
! 1859 period.
Evening star., 1960-12-27
Sales Coins Seen
For Mutual Funds

A recently completed nation
wide survey Of mutual fund
dealers. conducted by Kalb,
Voorhis & Co., shows an
anticipated IS per cent increase
in sales volume in 1861, officials
said today.
The survey indicated q strong
desire by dealers for more
intensive industry sponsored
sales training programs, elm
nation Of unframed representa-
tives and more effective use Of
sales tools" available to fund
salesmen.
Analysed by the firms d.
rector Of special projects, Ray.
Jacobs. the survey was under
the supervision of Ferd
Nauheim, partner in charge Of
the Kalb, Voorhis Dea. Il Serv-
ice Division. QuestionnaireS
were sent to more than 2,o00
dealers in the United States
and Canada.
Evening star., 1960-12-27

Co., Inc, has been named q
distributor for Britain's JaguaF
failed to note that the terri.
tory includes Florida, Alabama,
Georgia, North Carolina, South
Carolina and Tennessee. Man.
haitian Auto. for example, still
receives its cars from q Phila-
delphia distributor and main
tains its Jaguar service center
on Florida avenue NE.
Rambler's new mic
coated mu1ners and tailpipeS
are now available as replace
ment items for past-year Ram
blerS .. A new road hazard
guarantee covering virtually
all damage a tire can sustain
has been adopted by Goodyear
=. Du POnt has q new sponge
cloth out for car-washing -
washes like q cloth, absorbs
water like q sponge and wipes
like q chamois."
Evening star., 1960-12-27

The spread Of share owner.
ship among people Of average
income is a trend not only in
America but also in many
other countries. To get the
story Of this trend, I went to
Keith Funston, president Of the
New York Stock Exchange.
@. PORTER: You recently
called for expansion Of stock
ownership abroad as an ideolo-
gical as well as economic anti
dote to communism? On what
basis?
A. FUNSTON: Because pri-
vate ownership has a deep
rooted appeal. ] feel strongly
that the worldwide expansion
of share ownership is a modern
means by which people can vol
unfairly satisfy an age-old de-
sire to share some direct in
terest in the tools Of produc-
ton.
@. PORTER: How much has
stock ownership been develop
ing abroad?
A. FUNSTON: Its gradual
spread throughout the free
world Is among the more note
worthy developments Of ouI
time. In West Germany. share
owners now total almost l mil
lion, twice the 1858 total, anc
so per cent of them are indus
trial workers, white collar en-
ployes or housewives. Frances
rapidly increasing shareowner:
number more than 2 million
Japan's 3 million shareowners
are 51a times the number esti-
mated at the end of WorlC
War II.
In the Netherlands, a foun.
dation for broadening share.
ownership has been established
and o new World Federation oi
Investment Clubs was estab'
lished a few months ago in the
United Kingdom.
Risk Is Explained
@. PORTER: What happens
II after encouraging small in.
vestors the world over to buy
stocks prices Of stocks 60 down
A. FUNSTON: There is al.
ways the possibility that stock
prices will decline-and this /!
1.-THE reason we've stressed moi
Evening star., 1960-12-27
CHICAGO
LIVESTOCK

CHICAGO. Dec. 27 tAP) (UsDA.-
butchers 25 to SO lower: sows steady
TO- 20 lower; good shipping d.. nd;
mixed grade 1-2 and mixed l.; 100!
320 ID butchers 1S.OO-fS so: X head
is around 200 lbs 1878; mixed 2-3
and 3s 220-240 lbs 17.00-11. 20: with
Uniform lots l-3 220-23O lbs 11.15-
1925 mixed 2-3 and IS 24U-21U lbs
l6.50:17.25; mixed 2-3 and IS go
800 lbs 16.25-16.75: mixed grade l-3
and mixed 2-3 3OO-40O ID sows 1926
1926: mixed grade 2-3 and IS 400
$50 lbs l2.25-13 80.
Cattle $4,000: calves 100; steers
average choice and below steady. high
choice and prime steady to 26 lower:
higher: bulls steady to strong: vealerS
steady; Stockers and feeders steady: .
choice and prime 26.75.2S.50; mixed
heiferS fully steady: COWS steady to SO
loads prime 1,240 ID steers 26.75: bulk
good and choice 24.26-26.O0: bulk GOOD
"a. .25-25.75: mixed choice and prime
26. so; good Grades 90 .O0-24 so: utility
and standard 15.50-22 so: utility and
commercial cows 14.25.l6.75: Gamers
and cutters 1925 90; utility and
commercial bulls 16.5O-l9.76; good and
choice vealerS 2l.O0-25. 90: culls down
70 12 90: part load choice o03 h feed.
ing steers % so.
Evening star., 1960-12-27
ON WHEELS
Quick-Sto System Is Shown
BY CHARLES YARBRoUGH

If you're thinking that Q
swifter foot movement from ac-
celerator to brake might have
prevented an accident, the Ben
dix Corp. may have the answer.
Last week in Detroit Bendix
showed OF an automobile which
needs no pedals at all.
The key to the Smooth-fioored
car is q segmented but COM
pletely unobstructed floorboard
so arranged that moderate
pressure on each Of two seq
ments Of 1t takes care Of all the
accelerating, slowing and stop
ping functions normally taken
care Of by the brake and accel-
orator pedals.
Engineers say it's only q mat
ter Of time until those pedals
become as obsolete as the
hand crank"
The fioorboard on the exper-
imental cars driver side is di-
vided into two wide segments-
the right half for the accelera-
tor, left half for the full power
brakes. Each segment moves
slightly as the driver applies
pressure.
The floorboard segment con-
trolling the brakes moves only
an eighth of an inch, and the
accelerator only one and one
eighth.
Bendix also introduced q
new Varamatic steering system
which engineers say will give
a standard car the maneuver-
ability Of q sports car and re-
duces by so per cent the num-
Der Of steering wheel turns re-
quired for parking or maneu-
vering.
]. Byron Patrick, Of the I'm
perial Leasing Co. Of Washing
ton: Frank HOfheimer Of Alex
andria and J. Byron Patrick Of
Baltimore will direct q work
shop here for members Of the
CARS Rental System, Inc,
January II and IL.
The sessions at the May
flower will deal largely with
exchanges Of ideas and ex,
periences.
Ben Phlegar Of the Associat.
ed Press, one Of the country''
ablest auto writer's, sees it like
this:
THE auto industry enters
the New Year with a smile or
its face, doubts in its heart
and cars on its hands"
The top-Selling VOlkswageH
is readying for "a year Of con.
tinuing growth" and sales o.
200,0 900 units. Sales for thu
first 10 months of this yeal
totaled 130,102.
An announcement from
Volkswagen Of America say
the builder plans additiona
purchases Of American raw
materials and cites the 1876!
buying Of a million worth oi
American sheet steel and $26.!
million in United States-built
machine tools.
Last weeks announcement
that the Roosevelt Automobile
Evening star., 1960-12-27
YOUR
MONEYS WORTH
Shares in the World
BY SYLVIA PORTER

Just broader shareownership
alone, but q vigorous educa-
tional program that explains
the risks and rewards Of invest
ing as well, along with other
sound principles that people
should follow.
@. PORTER: What should
foreign corporations do to en-
courage broader ownership by
investors?
A. FUNSTON: Foreign corp
orations-those that have not
already done so-can see that
investors are assured Of the in
formation and prerogativeS that
United States investors have
come to expect: more informa-
tive financial reporting, fair and
orderly markets, stable COM
panies, the corporate vote
proxy solicitations to help them
cast their votes easily, annual
and quarterly statements. A
number Of American and for
eign corporations operating
abroad offer stock acquisition
plans to their employees, Incl
dentally. and more could follow
fhniv. axorno1oe
And governments can help
spread stock ownership by max
ing more shares available to the
public through divestiture Of
state-owned industries.
@. PORTER: viii expropria-
tions, as in Cuba, have q long
range adverse effect?
I Cuban Policy Is Setback.
A. FUNSTON: Definitely. ThC
shock waves following the Gu
ban appropriation are likely tt
be felt for years. Even now
they are prompting serious sec.
ond thoughts about the wis.
dom of new foreign invest.
ments. particularly investments
In those underdeveloped coun.
tries that need them most.
@. PORTER: Can the under.
developed countries participate
in broader share-ownerShip?
A. FUNSTON: My immediate
suggestions refer to the more
induStrially developed coun.
tries. The underdeveloped coun.
tries require responsible pri'
vate investment from abroad
now. Hopefully, share-owner.
ship at home will develop later
Distributed, 1860, By the Hall
Syndicate. Inc. All Rights Reserved.
Evening star., 1960-12-27
Sport0cus Scheduled
For Lono ENGAGEMENT

Harold Saltz, Universal Pic
lures Co., Washington repre-
sentative, and Charles Grimes,
district manager Of Stanley
Warner Theaters. announced
the Bryna production Sparta
Gus" will be brought into the
Warner Theater here on
January 10.
Plans call for a long engage
Evening star., 1960-12-27

4N44 NSAA4S4 oeAAA ~ oAAg0NbA
increasing" and I'VE receive
,just about anything and every
Thing but bulk cargoes from
almost every country in the
world"
The majority of revenue is
Qerived from alcoholic bever-
ages that are imported and
Christmas time Is q particular
1avorite for those. Whiskey,
wines, champagne, brandies are
b this category.
Import Flow Steady
A steady commercial line of
= goods comes out Of England,
. Japan. Canada. France, Italy,
South America and Mexico, as
, well as other lands. Mr.. Wer-
: ner said.
, Washington is the diplo-
, matte center Of the world, and
. substantial imports come in
to the various legations and
: embassies here, the deputy COL
3. lector said. There is no duty
= on these goods. Americans in
. our embassies and legations
. enjoying similar privileges
: abroad.
. Some embassies and legations
! import food, cigarettes. caviar
f. and other things. particularly
, at Christmas.
= The Custom House also re-
ceives q lot Of things for the
United States Government
agencies. particularly scientific
equipment.
Mr.. Werner said that major
items imported for use by the
public here include wearing ap-
parel Of ell makes and de-
scription, Q great deal Of scien-
tific and laboratory apparatus,
g. good volume Of original
paintings, radio parts, tran
sisters, postage stamps for coll
lectors and commercial houses,
furniture, film, things for re-
ligious institutions, including
church regalia, cigars and
cigarettes, Photographic equip
ment and watches.
Wide Range Of Goods
Practically anything you can
buy In q department store
comes through our Custom
House." Mr.. Werner observed.
He pointed out that new
problems are always arising In
= his business, because there is
: always some new wrinkle to
deal with. But he said the
Bureau Of Customs, headquar-
ters for the Customs Service,
has published q group Of
phamphlets which explain pro-
cedureS to aid the importer,
passengers going abroad or
coming here. He said all this
has done a great deal to aid
the American. people and for
eign shippers to ease the par
ticular stress that comes to the
Custom House at Christmas
tide.
Mr.. Werner said "the Christ
mas rush really begins the lat
ter part Of July. steadily mounts
until just before Christmas Day
and then taperS off,"
Evening star., 1960-12-27
1861 Gains Foreseen
After Further Lao

Overall business in 1861 will
be better than ID 1860, but the
present downward drift will
continue into the second quar-
ter Of the year.
=" This Is the consensus o1
members Of the National Asso.
citation Of Purchasing Agents
In the NAPA'S semi-annual
vurvey.
= A total Of % per cent predict
1rst quarter business will be
worse than in the final 1886
quarter, while 90 per cent SEE
mo change and II per cent
think 1t will be better.
Evening star., 1960-12-27

ment. It will be shown 10 times
weekly with one performance
each evening and matinees on
Wednesdays, Saturdays and
Sundays. The Washington en-
gagement will be the 18th in
the country.
THE $l2 million production
is the most expensive ever made
in Hollywood and is based on
the best selling novel by How
ard Fast" Mr.. Saltz said. It
stars Kirk Douglas, Laurence
Olivier, Jean Simmons. Tony
Curtis, Peter Ustinov, Charles
Laughton and John Gavin.
Evening star., 1960-12-27
BUSINESS
BRIEFS

New Business incorporation
in II months ended November
30 totaled 167.795. down SO
from 1859. November incorpora-
tions totaled 12,412, down about
1917 from l959.-Dun g. Brad
street.
Cities Service Co. announced
plans for consolidation of all
petroleum marketing operations
of the Cities Service system In
the United States.
Fruit Of the Loom, Inc. in
formed stockholders it will be
unable to pay the semi-annual
dividend on preferred stock this
month because the company
will end the year with a loss.
Evening star., 1960-12-27
Humble Oil Opens
Washington Office

Humble Oil & Refining Co.
has opened a government rela-
tions ofiice at 1880 K street
NV.
STAFF members include John
M. Sprague. william r. Veal
and Doris M. Crewe.
Evening star., 1960-12-27
New Shopping Center
At Silver Hill Leased

Robinson Land Brokers, Inc.
announced the leasing Of the
new shopping center, built and
owned by Louis g. Meltzer &
Associates In the 4400 block Of
Silver Hill road, across from
the Census Bureau in nearby
Maryland. to the Til Food
Store, Silver Hill Liquors,
self-service laundry and Linek
Pizza Garry Out Shop.
The leases were negotiated
by Louis Norman and Daniel
Melnick of the Robinson firm.
Evening star., 1960-12-27
Cors Rental System
Schedules Workshop

j. p. Taravella. president Of
Cars Rental System, Inc. an
nounced members Of his organ
ization in the Northeast region
will exchange ideas and ex-
periences at the first regional
workshop to be held January
II and IL at the Mayflower
Hotel here.
The workshop will be d.
rected by ]. Byron Patrick,
Imperial Leasing Co. here;
Jack Kiefer, Cars Rental,
Baltimore. and Frank Hofhei-
mer Of Alexandria, Va. Mem
bers from IA States and
Canada will participate.
Evening star., 1960-12-27
Custom House Reports
Record YuIe Business,
Sees New Mark for go
BY WILLIAM A. MILLEN
Star stan Writer

WasngonS Custom House Georgetown at 1921 Thirty
rst street NV has just chaked Its busiest Christmas
Robert Werner deputy collector in charge said today
expects the Christmas trade will aid substantially in pushing
this fiscal years collections to expected record $6 million
an revenue by June 80 Last they totaled $55 million
Mr. Werner said transactions collections are steadily
Evening star., 1960-12-27
Masonry Institute
Announces Officers

The Masonry Institute, Inc,
with Offices in the Washington
Building. announced its new
officers for 1861.
The president Is Robert H.
Downer; first vice president,
Magnus LARSON; second vice
president, Nelson B. WoodSon:
secretary. Durwood Boeglen,
and treasurer, Belden g. Ray
mond. The institute Is an or
ganization Of manufacturers,
dealers and contractors con-
cerned with fostering the best
utilization Of unit masonry
products, whether structural
clay or concrete in origin In
the Washington area, officials
explained. Giles L. Evans, jr.,
is executive secretary.
Evening star., 1960-12-27
SBA Grants $3.50, 600
Golden Key Loan

The Baltimore office Of the
Small Business Administration
announced the granting of a
$3.50, 900 7-year loan to Golden
Key Homes. Inc, Of Annapolis
Junction In Howard County
Md.
Proceeds will be used by the
home manufacturing firm for
expansion Of its new builders
component part division.
Evening star., 1960-12-27
OVER COUNTER

Following prices furniShed BY the
National Association Of Securities Deal
erS in Washington represent the range
within which locally active securities
could have been bought or sold 0t
| pm. Tuesday, December 81:
Evening star., 1960-12-27
TREASURY BONDS

NEW YORK (AP) Noon over the coun-
ter U. S. Government Treasury bonds.
bid. asked, net change and yield for
The Nome nugget., 1960-03-02
Close Vote FOreseen I'm Senate On
 Two Controversial ESC Measures

$19440 and the employe payment to $36.
 Both bills call for a variable tax rate, ranging from Is per cent to per cent for employers and from 8 per cent to g per cent for employees.
 Under the present law, $4,800,- 900 is paid into the fund each year. The fund operates at an an- nual deficit of $1,400,000.
 Egan's bill anticipates revenue of $6,2O0,OO0 a year and a sur plus of $400,00O annually. Pay ments to workers who leave AL aska would be lowered from $25 a week to $15 week.
 McNabb has said his bill would bring $7,20O,000 into the fund this year and 2 million dollars a year thereafter He claims the surplus would be $6O0,O0 in 1860 and $400,000 thereafter.
 The committee proposal would boost benefits to a maximum of SIS a week for a 26-week period, provide more liberal eligibility requirements to extend coverage to workers now exempt and re- tain the $25 weekly interstate payments.
 The employment security issue reached the floor of the Senate much earlier in the session than it did in 1859. It was the 44th day of the 1859 session before a bill on the subject was introduced in the Senate and the 72nd day be- fore floor action began on a con- mittee substitute for the original measure. Final passage came on the day before adjournment.
The Nome nugget., 1960-03-02
Water Power
 Potential Alaska's Greatest Asset

WASHINGTON, R-The water power potential of Alaska is enormous and constitutes one of the states most valuable re- sources, an Interior Department report concludes.
 The report estimates the prime power potential at 168 sites in AL aska as somewhat over 13 million kilowatts. This led Sen. Robert Kerr, chairman of special com mittee on national water re- sources to comment:
 This is very large percent age of the total hydroelectric pow CT resources of the United States" "
 The potential, Kerr added, "af. lords possibly our only opportun- ity for development of the inagni- tude of some of the multimillion kilowatt plants now under con- struction in the Soviet Union !. .'
 Probably the most significant conclusion that can be drawn from the report" Kerr said, lis that we know very little indeed of the extent and magnitude of the magnificent water and water related resources of Alaska"
 Irrigation in Alaska is still in its infancy, but the report sug- gests that eventually some 50,000 acres may be irrigated, Kerr said
 As to the states wildlife re- sources, Kerr said these "repre- sent greater per capita wealth than the wildlife resources of any other state"
 Four major problems of devel- opment of good water supplies in the new state are mentioned in the report They concern freezing conditions and permafrost north of the Alaska Range; quality of water; presence of impervious rocks limiting the availability of groundwater, and difficulties of waste disposal during winter months.
The Nome nugget., 1960-03-02
Would Regulate Use of "Alaska'' In Firm Names

JUNEAU, R Firms with the words Alaska" or Alaskan" in their trade names would have to have their principal offices in AL aska in order to get state busi- ness license under a bill intro duced in the House yesterday.
 Firms which have used the words as part of their names for three years prior to enactment of the bill would be permitted to continue using them for 10 years
 'We would hope that during the 1O-year period the firms so affected would be induced to move their main offices to Alas ka," said Rep. James Fisher.
 Firms affected would include Alaska Steamship Co.,, Alaska Airlines and the Alaska Pulp and Lumber Go.
 In the Senate, a bill calling for regulation of clinical laboratories was withdrawn. The bill was in- troduced at the request of the Governors Office, but Sen. James Nolan said the State Department of Health and Welfare had ag- reed it needed more study.