davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-01-18
ENRICO, GUIsEPPE ,JosEPB, 5

denIy on Saturday, january 10,
1860 JOSEPH ENRICO. beloved
father Of Carmen Enrico and Rosina
Leone, also survived by six grand
children. Friends may call at the
Robert A, Mattingly Funeral Home,
1871 llth st, Sc, until Tuesday.
January 10 at $50 am. REQUIEM
mass at St. Ambrose Church. Chev-
erly. Md, at 9 a m. Relatives and
friends invited. Interment Mount
Evening star., 1960-01-18
FUNERAL DIRECTORS
CrPrnatOrjIln

Crematorium
j. William Lees Sons'Co.
FUNERAL DIRECTORS
4th 81 and Mass Ave NE Ii. $4,000
Evening star., 1960-01-18
SMITH, MARY JANE. On SATURDAY,

SMITH of 1904 Jenifer st., Chevy
Chase, D. c., beloved mother OF
J Reynolds. sr, sister Of Mrs. Reese
Gatchell and Miss Sallie L. Reynolds:
two GRANDCHILDREN also survive
Friends are invited to call at the
Bethesda Chevy Chase Funeral Home
OF Robert A. Humphrey, Bethesda
Md, where services will be held on
Wednesday, January 90 at pm
lnterment George Washington Me
mortal Park Cemetery. 10
Evening star., 1960-01-18

ENEI IN. OfhcerS and
members Of Kenneth n.
Nash Unit. No. :. the
American Legion Auxiliary
are hereby requested to al
tend memorial services for
our Past Unit President,
EVELYN GIRARDI. on
January Is, 1860. at S
the Lee Funeral Home. 4th
Mass. ave ne
Evening star., 1960-01-18

Jsnnary II. 1850 at Norfolk. Va.
BUFORD BOOKOUT, formerly OF
Fairfax. Va. husband Of the late
Louise Minnie Bookout. father of
Mrs Bernice B. Woodfin, Mrs Ruth
B Swanson. brother of George o.
Bookout Funeral services will be
held Tuesday. January ~, at II
noon in Norfolk. Va Graveside serv-
ices and interment will be held in
Fairfax Cemetery. Fairfax. Va. on
Wednesday. January 20. at > pm.
Friends may call at the Everly Fu-
neral Home. PA West Main st,
Fairfax. Va. after pm. Tuesday.
Japuary 10. 10
Evening star., 1960-01-18
1ratha

OLIVER, EVELYN r. On Sunday, jan
uary IL, 1860, at Georgetown Uni
yyerSity, Hospital, EVELYN R, OIL
loved wife of Fronnous Oliver and
sister Of Thelma Willis. She also is
survived by other relatives and many
friends Notice OF funeral later.
Arrangements by the William Span
OSDALE. DIDRIK J. Suddenly. on Sat
over His. Nd 6eioved I y si1 husband d Of
Mrs. Sigrid Osdsle. He is also sur
vived bV a sister Mrs Erna Oslen,
and two brothers. Harold and Ber-
nard oSdale.. Relatives and friends
may call at Ife Gasch Funeral
Home, 4!39 Baltimore ave, Hyatts-
VILE Md. where services will be
held on TUESDAY January 8, at
20 an an Burial private. In lieu
n ay be sent to the Heart Associa-
ton OF Prince Georges County, 43l 4
Hamilton ST.. Hyattsvllie, Md Wis
itinE hours after pm. Sunday,
PAYNE, ROBERT l. On Saturday.
}Hf9phi1E Hospita k6BERT 10 sTo AYEE * EEEEssffTfnSS q S
band of Airline NJ. Payne brother OF
William PAYNE. uncle Of Mrs; Eliz-
aSnlao s5sth Hinton Miss JI1a 5ulia Payne,
Sterling Payne. He also is survived
by other relatives and friends. The
late Mr.. Payne may be viewed at
the above, residence after . pm.
THi,eesdav' Tvs January p: where services
20, at I2. noon. the Rev. /. G. simp-
son oficiating Interment Lincoln
Memorial Cemetery. Services by
Stewart. 10
POTTER, CLARENCE WALTER. Sud-
denly on Saturday January l6,
1860, CLARENCE WALTER POT
Potter father Of Ralph e 5h'G EdWaTd aay HiSd and
Brenda Jean Potter, son Of Mr.. and
Mrs. Henry Couch. and brother Of
Mrs Virginia Brown and Ray Potter
Friends may call at his late resi-
Va. Services will be held Wednes-
day January 20, at 1890 pm.
from the Presbyterian Church.
Vienna, Va. Interment Arlington
QUINN. MARY ELIZABETH. On SUM-
day, January, u. 1850, at her resi-
afHGf aadyis lG3 West Maple n St AsT
QUINN, widow of the late Francis
Quinn, daughter of the late
Martin and Susan Collins Rafferty,
She is survived by three grandchil-
bltii' Mhly SUSAN, Eileen FRANCES
and Kathleen Therese Heffernan:
one Son-in-law. Robert Z. Heffer-
nan. Friends may call at the De-
maine Memorial Chapel $50 S.
msShinston rSsSfdn, ST., AIltexandrlaj va. High
Mary's Catholic Church Wednesday.
January 20. at 10 am. Recitation
OF the rosary at the funeral home
Tuesday. January 10, at s pm. In
terment st. Msrys Cemetery. 10
REYNOLDS. JAMES E. On Sunday.
January Il. 1860, JAMES Z. REY-
NOLDS Of 1885 9th st. NV. Notice
Of funeral later. ARRANGEMENTS BY
Jarvis.
RICCIOLI. FRANK. On Friday. san-
uary Ii lARn at prnNidenre Hrs
Evening star., 1960-01-18

FRANK. 4 special COM =
municatlon Of BENJAMIN B.
French Lodge No. is will
be held at the Masonic
Temple. 18th st. and New
YORK ave. NV. on Tues
day. January 10th. 1860.
at 81 am. for the purpose
citing Masonic burial serv-
our late brother, FRANK
IORTEN WENDT, W. NJ.
InNrAGnM CnanL @
Evening star., 1960-01-18
SMITH, CHRISTINE. On Friday

'IT JanUarv iI; n inGG a. cSInaltp UI TrIgay H.!
pitaI CHRISTINE SMITH Of 30
10th st Sc. wife OF the late VIII
liam tBilll Smith, the beloved mother
of Mrs, Lena NJ Clark She also
leaves sister. Mrs, Maggie Taylor
two brothers. Roosevelt Hall ard
Melvin Hawkins; two grandsonS. VIII
liam and joseph Duckett; six great
grandchildren, two auntS son in =
law, James Z Clark: other relatives
and many friends. Friends may call
Monday after pm. at the funeral
home of Alexander s. Pope. Ala
10TH ST. Sc, where funeral services
will be held on Tuesday, January Is.
at ] pm, the Rev Paul l. Moore
officiating. InteGment Woodlawn
CpmpterV 10
Evening star., 1960-01-18

VWWWVTTV, NTWTI
day. January lS, 1850, at his resi-
dence, | S2T 4th st. NV. CLARENCE
SMITH; beloved husband Of Sadie
Jr., Lawrence and Herman Smith,
Also surviving are two grandchil-
dren, three daughters in-law. other
relatives and many friends Notice
Of funeral later Arrdngements by
MCGUIRE. Inc. 20
Evening star., 1960-01-18
MARY sTEWART. on Friday

january 3, 1000, al The AleXanurIa
Of 6Oi0 Hardin st., Bsilcys Cross
Roads. Fairfax County. Va. wife of
John Leroy Smith and mother of
John Leroy Smith. ir. Funeral serv-
ices at , pm Monday, January lS.
from the Love Funeral Home in
Dalton, Ga. Interment West Hill
Cemetery.
Evening star., 1960-01-18
Shirley. FRED c. OF 1881 Nicholson

II. 1860. MRS. ROSA SiMPsON Of
j24 Kenyon St NV. wife of Robert
Simpson. sister of Mrs. F!osSie
Holmes She also leaves TO mourn
her passing a nephew, Edward Saun-
ders: a niece, Mrs. Charlotte John
son, and a host Of other relatives
and many friends. Remains resting
at the John T Rhines a. Co. Funeral
Home. 3Ol5 10Th st. ne. Notice OF
funeral later
Evening star., 1960-01-18
GROSS, NORMA c. Departed this
= Life Sunday January Il lnkn Al

life Sunday. January II. 1860. at
the Glenn Dale Hospital. Glenn Dale
Nd. She leaves to mourn a devoted
husband, James Gross; two sisters
Mrs. Lula Mae Beckvith and Mrs
Jean Matthews, two brothers James
Z. and Oliver Crawford: devoted
slster-in-law. Dorothea Crawford. .
nieces and nephews, other relatives
and many friends. She rests at the
MOten Funeral Home. 21lS l@tE st
ne. Friends may call at q pm
Tuesday, January 10. Funeral On
Wednesday January 20. at | pm.
from the above hamed funeral home,
the Rev William Schafer ofticiat-
Evening star., 1960-01-18
DrathH
HuCHFs IEo AIoysIUs sr :,

HUGHES. LEO ALOYSIUS, Sr. Sud
denly, on ETidsy, January is; 1850;
Ba1 s{imoFe A%oYSSs Mas aUHEs sHG WashiaSto6 sP 9t
p, C. beloved husband CT Edna
Organ Hughes. father of William
L. and Leo A. Hughes, jr., Of Balti-
more, Md, and Mrs Ronald J. Hays
Of Jacksonville, Fla; son of the late
Capt. William ana Jare Hughes and
brother of Florence M. and Jeannette
W; Hughes OF Washington, d. c,
Friends may call at the Armscost
Heights ave. Baltimore, Nd, until
$50 am, Tuesday, January 10.
REQUIEM mass at our Lady OF
Lourdes Church. Liberty heights. at
tions am cemeffFg nsffRen' ReiafRSs sam95e Snd sa
friends invited. 10
Sunday, January II, 1860, at sib:ey
Hospital, BETTY JEAN HUNGER
FORD. the beloved wife of Samuel
Hungeriord, ,ir, and mother Of
Snne San Mag HagssrorS W Nancy 6sufSer Lee and 81
Richard and Esther Barrett; sister
of Mary Ellen Barrett. Funeral serv-
ices at the Simmons Bros. Funeral
Home; 1861 Good Hope I'd. Sc.
uary ~, at II am. Interment
Cedar Hill Cemetery.
JAFFE. BESSIE. On Saturday. Janu-
airy 10. 1860, BESSIE JAFFE. be-
loved wife Of Hyman Jaffe and de-
voted mother OF Mrs Seymour Blum,
New Haven, Conn and Jacob Jaffe.
She is survived also Ey a sister,
Mrs. Sadie Bernstein. New York,
and four grandchildren Funeral
services at the Bernard DanzanSky
e. Sons Funeral Home, 350l l4th
st. NV. on Monday. January Is,
at II am. Interment Temple Sinai
Section, King David Memorial
Garden In lieu of flowers. friends
are requested to make contributions
to the Heart Fund. Is
JONES, ALAN S. On Saturday. Janu-
ary 10. 1860, at Arlington Hospital.
ALAN S. JONES Of 1925 Monroe
81. ne, beloved husband of
Marjorie S Jones. father IF Alan
and. Virginia Jones. son OF Mrs.
s. B. Woolls. brother of Mrs. Evelyn
McLarney Miss MarGaret NJ. WoollS
and Bernard " Jones. Friends may
call at the S H Hines Co. Funeral
Home. 99Ol l4th st. NV. after
pm. Sunday, January II tpark-
ing facilities The toly sacrifice
OF the mass will be offered At
ST Agnes Catholic Church. list and
Randolph SIS, North Arlington. Va,
on Tuesday. January 10, at 10 am,
for the repoSe of his SOU. lnterment
National Memorial Park Cemetery.
is
Evening star., 1960-01-18
RIGGS, ALExANDER A. on

Int . n HIWto GO. uUFTHI HUH
2gUl l4th st. NV.
CONVASS B. DEAN, 33',
Wise Master.
Evening star., 1960-01-18
SHERWOOD. CHARLES SMITH. O,

Alexandria Hospital CHARL ES
SMITH sHERWooD Of 1900 Russell
I'd. Alexandria. Va, husband OF the
late Ida L. Sherwood; father OF
Lucille F. Sherwood Ruth M Sher-
wood, Sherman z. Sherwood. Mrs
Eleanor s. Fletcher and Earl F.
Sherwood. all OF Alexandria. Va, and
Charles Henry Sherwood Burbank.
Calf; brother OF viii Sherwood OF
Washington. D. c. Friends may call at
the Everly- -Wheatley Funeral Home,
1900 West Braddock rd, Alexandria.
Va, where funeral services will be
held on Tuesday, January 10. at
1870 pm. Masonic services at the
grave by Alexandria Washington
Lodge No. -, A F and A. M. Inter-
ment Bethel Cemetery, Alexan-
Evening star., 1960-01-18
/ SHEARER. ROBERT OF Washington

D. c, on January I6, 1860, husband
Of the late Mary A. Shearer, brother
of James B Shearrr. Remains at
Chambers Funeral Home, 5l7 llth
ST Sc. until Tuesday, January 10.
az $50 am. Mass at Fort Myer
Chapel at am Interment ArlinR-
ton National Cemetery
Evening star., 1960-01-18

HOPPER, ARTHUR L. In loving mem
ory OF our dear husband and father
ARTHUR L. HOPPER, who passed
away two years ago today, January
is, 1855.
watched you suffer day by day,
II caused me bitter grief
To see you slowly pine away.
And / could not give relief.
Your weary hours and days OF pain,
Your troubled nights are passed
And in my aching heart l know
You have found sweet peace at last.
HIS WIFE AND DAUGHTERS
Evening star., 1960-01-18
CHARLES R, a special

II. n Special
n communication OF Kemper
N Lodge, No "a. A. F. and
IN A. NJ. Will be held at the
MNS Masonic Temple, East
WY Broad ST. and Church
MN place. Falls Church, Va,
" at pm Monday, Jan
uary rs. 1860, for the purpose OF
conducting the Masonic funeral
services tor our late brother,
CHARLES r. HfLIISRD.
JOHNSTON c SACHS W. M lS
HOLLAND, GERTRUDE A. on Sat-
urday January To- 1860, at SIblcy
Memorial Hospital, GERTRUDE A.
HOLLAND Of 35 f st. NV. beloved
wife. OF Thomas p Holland sister
Of Michael Cunningham. Funeral
from the james T Ryan Funeral
home, Jl7 Pennsylvania ave. Sc,
On tuesday January 10, at q m.
aeQuiem FpaSa at st. Aloysius
Church at a:3O am. Relatives and
trends invited Interment Arlington
Nalivnal Cemetery. IS
Evening star., 1960-01-18

DEMPSEY. IMOGLNE D. On thursday
January ID, 1850 TMOGENE d
DEMPSEY Of 6fOS Poplar ave
1akoma PARK, Nd beloved wife
OF kichard Dempsey. Also 'urvivnp
Monday. friends are invited 10 cali
a. the Mcclure Funeral Home. 1870
eth ST. NV where services viii bc
held on Tuesday. January 10 al
IL noon Lnterment priyste is
Evening star., 1960-01-18
DAVIES. ROBERT J. on Saturday

DAVIES, KOBLRT J. ON Saturday,
January 10. 1850. at 2gg South
Capitol st, ROBERT J. DAVIES
o. 3l4 East Capitol ST.. husband Of
Lillian Z. Davies, father Of Jack
Davies Friends may call at the Lee
Funeral Home, 4th st. and Msssa.
ShusettS ave. ne, where services will
be held on Tuesday January 10 al
2a3O pm Interment WASHINGTON
National Cemetery
Evening star., 1960-01-18
JanuAry II, az 2.3O . m
LOUIS S. DOLPHIN, Rec Secy.

DAVIS, ELMER LOWELL. Suddenly,
on Saturday. January l6. 1860. at
his residence, Springfield. Va. Ell
MER LOWELL DAVIS. 81, beloved
also is survived by a daughter, Miss
Martha Clara Davis: a sister, Miss
Minnie Davis Of Lorton, Va, and
two brothers Harold Davis OF Wash
ington, D. C., and Bernley Davis Of
Hyattsville, Md Friend may call al
the Hall Funeral Home, Occoquan,
va. Services Wednesday. January
20 at pm at the Springfield
Comfort Cemetery, Alexandria Va.
10
Evening star., 1960-01-18

H. 1860, MILUS HALL Of 1l9 49th
ST. ne, devoted father OF Mrs. Helen
Mulky and John Franklin. Notice OF
funeral later. ARRANGEMENTS later
Arrangements by Barnes g. Matthews
Evening star., 1960-01-18

FRANK. Evangelist Chap
ter Rose Croix, A. A. S. R..
in the Valley OF Washing
ton, will conduct the Rose
CrolX service for our late
brother, FRANK RICCI-
OIL. on Tuesday, January
10. 1860. a. $3.50 am. al
Hinns Co ILunnral Hnrnn
Evening star., 1960-01-18
REV. ABNFR MASON. On Saturday

January Is, 1860, at his residence
Marshall, Va, ABNER MASON BEW
beloved husband of Martha Pendle-
OF Miami Fla. Friends may call al
the SudduthMoser Funeral Home.
Warrenton, Va, where services will
be held on Tuesday, January 10, at
10 am. Interment Oakwood Gene
terry, Richmond, Va, at | pm.
Evening star., 1960-01-18
}RqIHY PROT nE ALLEY: President;

GRIMES, sERGT. THOMAS E.. USA
3scom. G 'fSn; Korea 1sS sERGT. THOMAS SG4 +. F.
GRIMES, USA, Of los Monticello
drive, Alexandria, Va. beloved hus-
band of Christy L. Grimes. father
OF Dianna Carolyn and Edward
Lawrence Grimes. son OF Edward
and Roselle Grimes, Susanvilie,
Calf. brother of Mrs. Valeta DALEY.
Susanville. Calf. Friends may cali
at the Arlington Funeral Home,
1901 North Fairfax drive. Arlington,
Va, until IL noon Tuesday. Janu-
airy 10 thence TO Fort Myer Chapel,
where services will be held at . pm
lnterment Arlington National Gene
terry 1S
Evening star., 1960-01-18

mody Hills. Md, on January Is,
1850 mother of Mrs. Theodore
Weibley and Mrs william Mockabee
Remains at Chambers Funeral Home,
5l7 llth ST. se, until Monday
January 8, at 3 pm. Interment
Newport Pa
Evening star., 1960-01-18

day, January II. 1860. CLARENCE
L. EGGLESTON of 1910 Montello
ave. ne. devoted husband of Edna
A. Eggleston. He also is survived by
one brother. Henry B Eggleston, jr
one sister. Mrs. Selena z. Welch a
foster daughter. Mrs. Louise LYONS,
other relatives and many friends
After pm Tuesday. January 49,
friends are invited 10 call at the
Morrow & Woodford Funeral Home,
1922 l1th st. NV. where funeral
services will be held Wednesday,
January 20, at IL noon. the Rev
Forest C. Stith officiating. Interment
Arlington National Cemetery. Cas-
ket will not be omen after SpIVirec 10
Evening star., 1960-01-18
BOYLE, JOHN l. On Saturday. Jan

uary Is, 1850, at Providence
Hospital. JOHN l. BOYLE of 69Q9
Decatur pl.. Landover Hills, Md,
beloved husband Of Mary Reidy
Boyle; father of John Michael and
of Robert BOYLE, Mrs Alice Fletcher
Cornelius Boyle, joseph Boyle, Mrs
Ruth Zeph Mrs Irene Boulder, How
ard Boyle, Joseph KopSer and MIS-.
Veronica LiPari, all of New York
State. Funeral from the Timothy
Hanlon Funeral Home, 1881 Geor-
gia ave NV. Wednesday. January
90, at S:45 am. REQUIEM mass at
ST. Mary's Church, LsndoVer Hills,
Md, at 9:3O am. Interment Airing
ton National Cemetery. Relatives
and friends invited. 10
Evening star., 1960-01-18

DAVIES, ROBERT J, Members OF I. q
o. E.. Local No. II. are
@ + & &. |':. +. |:. . F !:
EHE /AH9 ERT. J. DAVIES. on Jan
WY .1AJ uary 10, 1850. Friends
V neral Home, 4th II and
Massachusetts, ave ne
Evening star., 1960-01-18

WALTER B. In memory OF
my loving husband. WALTER B.
HOUSE, who passed away January
Is, 1871.
In my heart ! ike to stray,
Along the road TO yesterday;
To live again IN memory.
The happy days that used to be.
To hear you laugh and see you smile.
To talk with you a little while.
Beautiful memory of one so dear,
III always cherish in loving memory.
LOVING WIFE. BESSIE.
Evening star., 1960-06-11
Design
Award
Winners
BY ROBERT J. LEWIS
Reel Estate Editor Of The, Stur


A meaningful architectural
- competition was brought
to a close this week in the
Washington area, with the
presentation of five awards
of merit, four honorable
mentions, and two awards of
merit for detail. The sponsor
was the Potomac Valley
Chapter, American Institute
Of Architects.
Jurors were three distin-
guished American architects,
Morris Ketchum jr., Of the
New York firm of Ketchum,
Gina and Sharp; Percival
Goodman, Of New York, and
Alexander Cochran, of Balti-
more.
Four residential entries
were among those receiving
awards. Two were designed
by Architect Harold Lionel
Esten, of which one received
an award Of merit and the
Continued on Page BIS
Evening star., 1960-01-05
u. S. Debt Managers
Hope for Some Relief

! term basis because rates are
above the AZ per cent ceiling
President Eisenhower will re-
new his request to Congress for
removal Of the ceiling. He be-
lieveS it is vital to free the
Treasury from doing only short
term borrowing, which is po-
tentially more inflationary.
Corporations Uncertain
AS for the third uncertainty,
If corporations rush to sell
their Government securities,
you'll either see an increase
in inflationary pressures OF a
further rise in interest rates.
Many economists believe the
corporations are at the point
where they're likely to start
selling Government securities
to pay taxes on profits and to
finance expansion.
If they sell, the Federal Re-
serve Board will face this hard
decision: Should it loosen up
on credit so business can find
ready buyers-a move that
would be regarded as infla-
tionary-or should it let cor
porate demands for cash put
further pressure on the money
market?
Evening star., 1960-01-05
Tight Money Expected
ToCut Home BuiIdino

pected. The rate fell on in the
autumn.
AS the year drew to a close
Norman Mason, housing ad-
ministrator, said private home
building this year is almost
certain to exceed 100000
units" The record was / ,325, 900
units in 1850.
Estimates Offered
Housing experts estimated
that total housing starts, public
and private, ranged between
l.SS5.O00 and 100000 units
this year.
The experts believe public
and private housing starts in
1860 will drop to between l.
<oO,UuU ana l,z1o,OOO units.
Generally the experts think
total dollar volume will decline
less than unit volume. They
base this belief on expectations
that bigger and more expensive
homes will be built.
Major factor on the restrain
ing side will be tight money.
but housing experts believe the
market will be helped by such
factors as:
General prosperity, a higher
limit on FILA insured mort
cages (up from $40, ZOO to S22,
500) and a slowing of price
rises in labor and materials.
Evening star., 1960-01-05

cate q record 10 million barrels
o day, some 3lz to I per cent
above 1859.
Crude production in 1853
averaged about 1850, 900 bar
rels a day, compared to 6.743,-
900 in 1858 and a record T.
10000 in 1857.
Drilling Increases
Drilling operations approx
mated $4,000 wells, a 4 per cent
gain over 1858 but far short of
the record 58,259 wells in 1855.
The average barrel of crude
oil in December was selling for
$2.9e, compared to $3.12 a year
earlier. Refined products were
averaging 1915 a barrel, COM
pared with $3.50.
The sagging prices were ac-
companied by a higher COM
poSite index on drilling costs.
The year-end index was 160. o,
compared with 1872 in 1853
and 1000 in 1947-1949.
Steel shortages and possible
steel price increases were ex-
pected to cause minor 1860 re-
ductions in capital expendi-
lures. The overall investments,
however, were expected to be
close to 1957's record $6,-
250,000,000.
Uncertainties of a presiden-
tial electio nyear clouded spec
ulation on possible 1860 con-
gressional action on such con-
troversial legislative proposals
as a natural gas bill to free
producers from utility-type
controls.
Evening star., 1960-01-05
By FRANK CORMIER
Associated Press Financial Writer

The people who manage the
$500 billion national debt are
looking to 1860 with a little
bit of hope and a lot Of finger
crossing.
Debt management problems
have been so enormous in the
past l8 months that Treasury
officials want to believe this
year can only bring them some
measure of relief.
However. three major uncer-
tainties cloud their appraisal
of the future:
!. Will the boom continue?
2. Will Congress lift the AZ
per cent interest ceiling on
money borrowed for more than
five years?
3. Will corporations begin
liquidating their $22 billion in
veStment in Treasury securities? =?
Betting on Boom
Most forecaSters are betting
on a continuation of the boom.
If they're right, demands for
loans are sure to increase and
borrowers - the Government
being the biggest-will have to
pay higher interest rates.
The price of money is mighty
important to the Treasury be-
cause interest currently eats
up SO billion Of the annual
Federal budget. In the past
year, the average interest rate
paid on the national debt has
climbed from 2.558 per cent to
1919.
At present, the Treasury is
paying more than 4 per cent
on all money borrowed. And il
can't borrow at all on a long
Evening star., 1960-01-05
IVA Output Gains

KNOXVILLE, Tenn, Jan.
(APO THE Tennessee Valley
Authority reported it increased
its power generating capacity
by / million kilowatts in 1853
The increase brought Twas
total capacity to 11,386.710
the authority said in a year
end statement.
Evening star., 1960-01-05
More Power Movers

CLINTON. Mich, Jan S
(AP).-The power lawn mower
industry will consume another
100000 small engines in 1860,
bringing consumption to as
million, Karl w. Mueller,
president of Clinton Engines
Corp, believes.
Evening star., 1960-01-05
TREASURY BONDS
NEW YORK, Jan. 5 CAP).-over- the counter
Treasury bonds 1893 range, quoted in dollars

taxes
Evening star., 1960-01-05
By WILLIAM FERRIS
Press Financial Write,

AseoClaIeu FrcsS EluauClal WIiLer
NEW YORK, Jan. S (AP).-
It got pretty expensive to bor-
row money to buy homes In
1859 but people kept right or
borrowing and buying anyway
Money isn't likely to become
any cheaper this year. The
experts figure tight money will
cause a reduction in new home
building. But not a very big
reduction.
AS 1859 drew to a close, in
tereSt rates on conventional
home mortgages-loanS moi
guaranteed or insured by the
Government - crossed the
per cent level on a nationa,
average.
Cheapest in Northeast
Relatively. it was cheaper tt
borrow money to buy home!
in the northeast than any,
where else, according to Fed
eral Housing Administration
figures. If you wanted a home
on the Pacific coast, you paid
more than other people tc
borrow money.
Despite this. 1859 probably
was the second largest home
building year in history. More
homes we're built, particularly
during the spring and early
summer, than had been ex.
Evening star., 1960-01-05
Oil Introduction
Turns Higher
During Year
BY MAX b. SHELTON
Associated Press Financial Writer

HOUSTON, Jan. 5.-The oil
industry reversed several re.
ceSsion trends while celebrat.
ing its centennial in 1859. Up
ward trends are expected tC
continue in 1860.
The centennial year proved
to be a year of contrasts. Crude
production exceeded Z million
barrels a day but crude anc
products prices lost ground.
A two-year downward trenC
in drilling operations was re.
versed but labor and material
costs continued to climb.
Refinery operations reached
record levels early In the year
but dropped sharply as exces-
sive inventories depressed the
already weakened price struc.
ture.
Evening star., 1960-01-05
Demand Sets Record

Domestic demand set a rec
ord but the steel strike idled
oil-consuming industrial plants
and prevented a more impress
sive mark.
Most companies reported in
creases in 1859 profits but at
tributed most of the gains to
record sales volume, curtailed
capital expenditures, and con-
tnued emphasis on economy
measures.
Early forecasts Of 1860 total
domeStic-export demand indi-