davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-03-24

So important Is knoNI-
edge Of this groups intentions
and attitudes that the National
Bureau Of Economic Research,
the Ford Foundation and
Columbia University are now
using Gus QUESTIONABLE results
as a basis for new studies Of
consumer demands.
A highlight of the survey Is
the unusual interest in air con-
ditioners. When I interviewed
Gus editorial director, Mildred
E. Brady, on this, she empha-
sized how the 27 per cent PLAN
ming to buy air eonditioners
dwarfs the 17.8 per cent PLAN
ming to buy new cars and
stressed. These families tend
to be considerably ahead Of
the general population as buy.
ers."
Another highlight certainly
is the attitude of the families
toward packaging. AS Mrs.
Brady remarked, Informed
consumers have become keenly
aware of how the use of pack
aging as a sales come-on for
impulse buyers has resulted in
misleading practices"
But the fundamental mes
sage I got from the survey was:
The family with SUFFICIENT in.
come to choose how it spends is
willing to buy, but is distinctly
not a push-over now. 1t is far
from saturated with products,
but it is not hungry" and it
is skeptical. -,
The challenge to the manu-
factures and merchandisers
couldn't be palmer. They must
produce new and improved
products, sell them soundly.
Only when they do will these
leaders" of the American cons
sumner respond on a spectacu-
lar scale.
distributed, 1850. Hall Syndicate, Inc.
All Rights Reserved)
Evening star., 1960-03-24
BY WILLIAM MacDOUGALL
Star Stan Writer

One of the city's most reli-
able money-makers, the WASH
ington Gas Light Co., is pinning
high hopes for the future on a
recent acquisition that has con-
sistently lost money in past
years.
The Washington concern paid
$501, 900 last year for 70 per
cent Of the capital stock Of the
Shenandoah Gas Co., which
reported an operating loss of
$4,000 in 1859. Donald S. Bit
finger. president of Washing
ton Gas Light, says Shenan-
doah has lost money ever since
1t was established in 1854.
The future, however, looks
good to officers of the parent
company, which has an option
OF an additional 6 per cent of
stock.
Cites POtentiaIs
ut has real long-range pos
sibilities," declared Mr.. Bit
finger, the 51-year-old veteran
Of 81 years in the company Of
which he became president a
year-and-a-half ago.
1T is a good adjunct to our
territory" he explained. In
dustry in that area is growing,
and we think it will help to
make up for the lack of it in
the Washington area"
Comparative lack of industry
in Washington has long been
a problem for the Gas Light
Co.. he said.
"Our peak day in winter is
eight times heavier than one
in summer" Mr.. Bittinger
commented.
Industrial Use Steadier
Similar companies in indus
trial cities are able to maintain
a steadier flow of gas all year
long, he said. Industrial busi-
ness in the Shenandoah Valley,
according to the company, will
provide the system with needed
large, year round users and
help diversity our sales which
are predominantly residential
and consequently seasonal"
Increased gas sales and oper-
ating effciencies are expected
by the company to result in a
Gradual improvement Of the
Shenandoah firms earnings.
The parent company, Mr..
Bittinger said. reported gross
income of $7.893, 900 in 1859, al
most $600,000 more than the
previous year. Net income for
the year was $5.855, 900, COM
pared to $5.20S.OO0 in 1858.
The company's service area,
including its Shenandoah ac-
Evening star., 1960-03-24
Fidelity Properties
Opens New Offices

Fidelity Properties, Inc, be-
gan operations in new Offices
at 3446 Connecticut avenue
NV. today, President James l.
Karrick, jr., announced.
Formerly the real estate de-
partment of Fidelity Storage
Co., the new firm had quarters
at 1921 U street NV, previous
ly. H. G. Davis is vice president
and Rosemary Mccormick is
Secretary. Marian Dinsmore is
treasurer.
Evening star., 1960-03-24
Cos Light Co. Sees Future Winner
In New Shenandoah Subsidiary

Underground storage was
one way to take gas on a more
uniform basis" he explained.
''The price from the supplier
goes down if you can take the
gas more evenly"
The Gas Light Co., working
in that area since 1858, OBJ
tained storage rights to about
80 per cent of the necessary
property, Mr.. Bittinger said
but ran into opposition from
some of the remaining owners
A bill in the Maryland Legis-
lature to acquire those rights
by eminent domain was tabled
in the closing days in the 1855
session.
I'VE always have hopes IL
may eventually be passed." the
executive said, but we cer-
tainly are frustrated"
Sees No Contamination
Mr.. Bittinger said some resi-
dents were afraid that the gas
might contaminate the water
supply, but he said such stor-
age is common in many parts
Of the country where no Ill ef-
fects have been noted.
The company, he said, is in
vestigating the possibilities of
storage by turning the gas to
liquid or in propane containers,
Future prospects of the firm
appear excellent to its officers.
New uses for gas-such as air
conditioning-are expected to
convert the system to wider
year-around operation.
Over Century Old
Founded in 1S48. the Gas
Light Co. has continued to
grow. according to Mr.. Bit
finger, because it has kept its
eyes on the future.
"It's vital, progressive and
growing concern" he said. "and
it has a tremendous potential. ;;
Mr.. Bittinger, Washington
born and educated at Mckinley
Technical High School, Amer
ican University and Johns Hop
kinS University, knows the COM
pany from top to bottom.
Beginning in 1888 as a cadet
engineer" shortly after gradua-
ton from college. he has served
in succeeding years as superin.
tendent of the service depart
ment. plan superintendent. di-
rector of personnel and vice
president for operations.
Gas has a wonderful fu-
ture," he declared. Il believe it
is the best fuel for almost any
heat application. We will do
everything we can to keep 1t on
la good competitive basis"
Evening star., 1960-03-24
C-E-I-R Speeds
Office Opening
In Houston

C-E-I-R, Inc, Alexandria re-
search firm, will open a South
west regional Office in Houston,
Tex. next Monday, March %,
President Herbert w. Robinson
announced last night.
Plans for Houston operations
have been speeded up following
receipt Of a large contract from
a major petroleum corporation,
William Orchard-Hays, for
mer director of the computer
services division at the firms
Arlington Research Center. will
manage the Houston Office.
Evening star., 1960-03-24
TeIevision Sales Up,
Other Appliances Lag

Television sets were among
the very few electric appliances
to show gains in unit sales in
this area in the first two
months of this year, compared
with a year ago.
The Electric Institute Of
Evening star., 1960-03-24
Dotronies Engineers
Offers Stock at 81

Datronics Engineers, Inc, oi
Bethesda, Nd. marketed Its
first public stock offering al
81 a share this week.
The offering Of $4,000 shares
Evening star., 1960-03-24
Business
Lower erFNMACoupons
Reflect Easing in
Money Market Rotes
BY DONALD B. HADLEY
Star Financial Editnr

Easier money conditions reflected today in an an
that the Federal National Mortgage Association
will offer $3.50 million of secondary market operations deben-
lures with much lower interest coupons Tuesday
Included will be 500 million of 1year debentures bear
ing AZ cent rate and $3.50 million of 10-year deben-
Evening star., 1960-03-24

will increase outstanding stock
to 202 900 shares. Previ-
ously outstanding were 1870
shares. Of which 100000 were
owned by officers of the cor
poration.
Evening star., 1960-03-24
OVER COUNTER

Washington listings on over-the-
counter markets furnished by the
National Association OF Securities
Dealers as Of pm. Thursday, March
Evening star., 1960-03-24
TREASURY BONDS

NEW YORK. Mar. "a CAP).-Yester.
Says CLOSING oye[the-counter United
Evening star., 1960-03-24
FOREIGN EXcH'GE

eign exchange rates Great Britain In
dollars, others in cents and decimals
OF q cent?:
Canada in N, Y. -
Evening star., 1960-03-24
National 8-s540

seconds.
Partially tax exempt.
Evening star., 1960-03-24
Discretionary Group

Discretionary Group
This, then. is the group with
tremendous discretionary buy
ing power. Here are the I-don't-
haye-to-buy-it-if families, the
baskbone of the market for
new products. less essential ap-
Evening star., 1960-07-01
BUSINESS BRIEFS

of stock worth more than $50
million. The proposal is subject
to approval of stockholders and
the Securities and Exchange
Commission.
AvcO Corp. said a subsidiary
has been awarded air force
contracts totaling $7,920,000
for spare parts for bomber fire
control systems.
Pan American World Airways
has bought three additional
long range Boeing intercon-
tinental jet Clippers at a cost
of $16.5 million. They will be
used on round the world
services.
Remington Rand UnivaC
Division of Sperry Rand Corp
received $26 million in All
Force contracts for production
and testing of electronic ground
guidance computers for the
Titan missile.
Evening star., 1960-07-01
7 reusuy Plans
z Issues to Ruise
S. Billion Cash
By the Associated Press

The Treasury announced to-
day it will raise SO billion of
new cash next month through
auctions of short-term Securi-
ties.
The department said it will
auction $3.5 billion of 252-
day tax anticipation bills on
Wednesday and SIS billion
of regular one-year bills on
July IL.
While the two auctions will
bring in SIS billion. only So bill
lion will represent new cash
since the issue of one-year bills
will replace 50 billion of matur-
ing bills.
The interest rates on the two
bill issues will be determined
by the bids for them. Lenders
will bid for the bills and the
Treasury will accept the best
offers. The difference between
the face value of the bills anc
the amounts they are sold fol
will represent interest.
Julian B. Baird, Undersecre.
tary of the Treasury, said thai
barring unforeseen circum.
stances. this will be the las
borrowing of new cash by thu
Federal Government until Oc.
tober.
Evening star., 1960-07-01
Clearance Sales
Aid Retail Trade

NEW YORK, July l (AP).-
Clearance sales of summer
merchandise helped produce a
gain in retail trade for the
week ended Wednesday, Dun &
Bradstreet. Inc, reported today.
Dollar volume was slightly
above the previous week and
/ to S per cent above a year
ago.
Year-to-year gains in wom-
ems apparel, outdoor furniture
and new passenger cars Offset
slight declines in some appli-
ances, linens and draperies.
Warmer weather and re-
duced prices aroused interest
in women's summer dresses,
fashion accessories, sportswear
and shoes.
Sales of mems lightweight
suits and SlackS rose over a
year ago.
Demand for outdoor furni-
ture helped overall furniture
volume match last years level.
There were slight gains in
sales of picnic food specialties,
soft drinks, canned fish and
ice cream.
Evening star., 1960-07-01

"and did a lot of credit busi-
ness. He also had collectors who
sold furniture as we'll as col
'lecting money"
Gradually improving both
the store and the quality OF
furniture his firm carried, Mr..
Miller expanded to the South
east location in 1881. Main
tained at first as a warehouse,
it was altered in succeeding
years to become a second retail
outlet.
The Southeast store had just
undergone extensive remodel
ing when a fire nearly wiped it
out in 1941.
They discovered it one morn
ing about a quarter of g." Mrs
Hahner recalled, land it con-
tinued to burn for three days. y
Damage was estimated at
$250,000.
Although the store was COW
cred by relatively little insur-
ance, Mr.. Miller decided to re-
build. The present location
completely remodeled and mod
ernized, includes $4,000 square
feet of space in which some SOC
lines of furniture are displayed
The Southwest store was dis
continued in 1855.
Evening star., 1960-07-01
Bank of America
Branches Mount

SAN FRANCISCO, July
(AP1.-The Bank of America
announced today it had opened
20 new branches in California
in the last six months and now
has total resources of $11, 1,227,-
653,264.
The bank plans to open 20
more branches by the end of
the year, President S. Clark
Beise said.
In its statement of condition,
the bank reported its loans
total $6.662,084,6 4,613-an in
crease of more than $574 mil
lion in the last year.
Net operating earnings for
the first six months of the year
were $44,620,360. This repre-
Sented STA a share as COM
pared with $1.57 a share for
the first half of 1859.
Total deposits stand at $10,-
095,459,l79.
Evening star., 1960-07-01
PEOPLE
BUSINESS

Ralph 1. Cole of Melpar has
been elected vice president for
the 1861 convention of the Ma
tional AeronauticS and Elec-
tronics Conference. He is man.
ager of military project plan
ming at Melpar.
Herbert C. Blunck, manager
of the Statler Hilton Hotel, is
representing the American
Hotel Association at the execu-
tive committee meeting of the
international Hotel Associa-
ton in Paris this week.
william A. StringfeIIOw, as
sistant general manager of the
National Association of Mutual
Insurance Agents here, is
teaching a class in communi-
cations for professional groups
at the Institute for Organiza-
tional Management at the
Michigan State University.
Harry r. Switzer. assistant
vice president in the business
development department of Su.
burban Trust Co., was grad.
uated from the Stonier Grad.
uate School of Banking a.
Rutgers University recently.
Matrin CodeI, former pub,
Usher of Television Digest anc
now a consultant, has returned
to his Office in the Solar Build
ing after survey of TV poten'
tials in Africa and the Middle
East for Radio Corp. of Amer,
| lea.
Norman r. Miller has beer
named manager of the Budget
Finance Plan Office in Cora
Hills, Md.
Ralph G. Craig Of Silvel
Spring has been appointed sale
manager for Teletray Electron'
les System, Inc.
Evening star., 1960-07-01

Last years gross, according
to Mrs. Hahner, was more than
50 million, twice the volume the
store enjoyed 20 years ago.
She attributes the stores
growth to advertising, reliable
service to customers, a line OF
furniture attractive to young
people and its central location
Washington born and a
graduate of Eastern High
School, Mrs. Hahner Joined the
firm 80 years ago after first
considering a career as a decor
ator.
A soft-Spoken, attractive wo-
man who has successfully COM
bined a business career with
marriage, she says her hus-
band, Clarence Hahner, a Gov
ernment engineer, has encour-
aged her in her work.
II don't know what I'd dc
without him." she declared
He even pitches in and helps
with the business when I need
him"
Mrs. Hahner is a firm be-
lever in urban redevelopment
even though the Southwest re.
newal cost her firm a store.
Eventually" she said
Southwest redevelopment will,
help our business-just as it.;
! bound to help the whole city,
Evening star., 1960-07-01
First National
Boosts Extra
In Arlington

AS a result of earnings i'm
provement, directors of the
First National Bank of Arling-
ton have declared an extra
divided of 2 per cent in addi-
ton to a regular semiannual
dividend of 2 per cent, President
Walter j. O'Donnell announced
today.
The 2 per cent regular semi
annual dividend will be paid
July II and the extra will be
paid October Is. Both will go
to holders of record June 28.
This brings total dividends
paid or reserved for this year
to 7 per cent or $2.l0 a share,
compared with 5 per cent or
$1.50 a share a year ago.
The bank paid two semi
annual dividends of 2 per cent
each in 1859 plus a l per cent
extra in April. So far this year
it has paid a 2 per cent semi
annual plus a l per cent extra
in April. The second semi
annual plus the 2 per cent
extra will raise the total to 7
per cent.
Larger earnings reflected a
sharp increase in net outstand-
ing loans in the last year.
Net loans totaled $9,964,532
on June Is, date of the mid
year bank condition call, a
Jump of 81 per cent from
Sc, 125.166 on June 80 last year.
Deposits of $17,5l7,316 were
up ia per cent from $15,71O,-
534 on June 80, 1859. Capital
funds totaled $1.230,000, an in
crease of 2.6 per cent from
81, 1893, 700.
Assets totaled $19,340,235 on
June Is, an increase of 80 per
cent from $14,732.426 in June
last year.
President O'Donnell also an
nounced that directors trans
ferred $4,000 from undivided
profits to surplus at yester-
days meeting. AS a result
capital account now totals
100000 and surplus account
$525, 900.
Evening star., 1960-07-01
Car Output Drops
Almost 10 Pct.

DETROIT, July 1 (AP).-
Automotive News today esti-
mated this weeks passenger
car production in the United
States at $4,000 units, a dror
of almost 10 per cent from q
week ago.
The trade publication said
suspension of Saturday opera
tions because of the coming
July 4 holiday would cause the
drop from 141,368 cars pro.
duced last week.
In the comparable week oi
1859 only 108,397 cars were
built.
Truck production Slipped
from 25,899 last week to 23,88(
this week. A year ago the
weekly total was 23,739.
Canadian production alsC
dropped because of a holiday
tomorrow. Output was est;.
mated at 5,215 cars and 1926
trucks compared with 8,09S
cars and 1851 trucks last weel
and 7,648 vehicles a year ego
Evening star., 1960-07-01
Auto Capital
Is Puzzled by
Chrys|er Shift
BY BEN PHLEGAR


DETROIT. July 1.-The ques-
ton persisted today as to
whether William C. Newberg
quit or was fired as president
of Chrysler Corp.
Mr.. Newberg abruptly bowed
out Of the job yesterday after
exactly nine weeks.
Chrysler's board of directors,
at a hurriedly called session in
New York, announced only
that Mr.. Newberg had resigned
both as president and as a
director because of differences
of opinion on certain corpora
ton policies and that L. L.
(Tex) Colbert was taking over
again as president.
Mr.. Colbert had moved I'D to
chairman of the board on April
% when Mr.. Newberg was
elected president.
The boards action was
made public in a 126-word
statement which gave no clue
to the real reasons for the
sudden action.
Neither Mr.. Colbert, Mr..
Newberg nor anyone else who
took part chose to go beyond
the brief statement.
Mr.. Colbert, who only two
months ago had praised Mr..
Newberg lavishly, refused in a
Detroit airport interview to
say whether the resignation
had been requested or whether
Mr.. Newberg took the initia-
| tive.
Mr.. .Newberg, interviewed
later at his modern lakeside
home in suburban Oakland
County. likewise declined to
shed any light on the subject.
Mr.. Colbert maintained there
were no personal differences
between himself and Mr.. New
berg, who had long been con-
sidered Mr.. Colbert's heir ap-
parent.
That's right" Mr.. Newberg
said.
Mr.. Colbert, 81, and Mr..
Newberg, 40, have been re-
garded as close personal
friends. Their association with
Chrysler dates from the same
year, 1888.
Mr.. Newberg was asked if
he and Mr.. Colbert still were
friends. Yes" he replied, "as
far as I am concerned. still
have a lot of friends at
Chrysler."
The top-level switch of two
months ago had been regarded
by some observers as merely
window dressing since Mr.. Col
bert left no doubt that he still
was the boss.
Evening star., 1960-07-01
Manufacturers
Sales UNCHANGED
BY the Associated press

Sales Of manufacturers were
unchanged in May and new or
ders continued to lag behind
deliveries. the Commerce De-
partment reported today.
Sales were steady at 5000
billion while orders also stood
still at $30.2 billion.
On the sales side, heavier
deliveries Of autos offset a
further drop in sales of iron
and steel products.
As for orders, producers of
soft goods booked less new
business in May than in April,
but there was an offsetting
pickup in orders for durables.
The improvement in hard
goods reflected more contracts
for the aircraft industry.
Manufacturing inventories
lose by $500 million in May to
S55 billion. Stocks increased by
S4O0 millions in the preceding
month.
Evening star., 1960-07-01

ahead of $19,134,00O five years
earlier. reported John G. Kolb,
treasurer.
Real estate loans rose to
$25, ,324.249 on June 80 from
$25. .063,038 a year earlier and
$17,068.711 five years earlier
Invested savings totaled $24,-
179,680, down slightly from
$24, ,276,168 a year earlier, but
far above $17,086,339 on the
same 1850 date.
Reserves and surplus aggre-
gated $2.800,160 on June 80 VS..
S2.636,781 a year ago and ST.
1885, in 1850. Oriental is the
oldest association in this area.
Evening star., 1960-07-01
Financing Completed
On New Apartments

Financing Of more than 81
million has been completed on
the first section of Rock Greek
Forest Apartments, it was an
nounced by James w. Rouse
& Co., Inc.
The loan was placed with
Phoenix Mutual Life Insurance
Co. The apartment project is
on Grubb road just of East
West highway in Silver Spring
1t includes 141 efficiency apart
ments, as we'll as /, 2 and 3 bed
room units. 1t is completely
rented.
Sam Fig and Robert Nc
Keever are builders and own
ers. Work on a second section
has started.
Evening star., 1960-07-01
Maryland Banking
Chief APPOINTED

w. Robert Milford, veteran
Maryland career banker, yes
terday was named state bank
ing commissioner by Governor
Tawes.
Mr.. Milford, who lives in
Baltimore, succeeds William S,
Hilgenberg. who died last De-
cember. He was sworn in today
for a four-year term which ex-
pires in May 1868.
Mr.. Milford, in retirement
since 1857, was president o1
theCounty Trust Co. of Mary
land in 1951-57. The company
has several branches in South
ern Maryland and on the East
ern Shore.
He was vice resident of the
Federal Reserve Bank of Rich
mond, in charge of the Balti-
more branch previously.
Evening star., 1960-07-01
TALKING OF BUSINESS
Founders Daughters Conducting
60-Yeor-OId William E. Miller Co.
BY WILLIAM MacDOUGALL
Star stan Writer

0taA OboA UAAbCE
A woman's place is in the
home furnishings business.
That's the theory behind one
of Washington's oldest furni-
ture stores, the william E.
Miller Co., Eighth street and
Pennsylvania avenue Sc, cele-
brating its 60th anniversary
this year.
Mrs. Dorothy Miller Hahner,
president of the firm, believes
a woman enjoys several distinct
advantages over men in her
business
Housewives-who are prob
ably more influential than men
in buying furniture-like to
deal with woman, she said.
And often when a husband
gets irate when something goes
wrong" she added, he'll calm
down faster when he talks to a
woman than he would with a
man."
No Special Difference
But in most situations, she
conceded, a businesswoman
operates on an equal basis with
men. Wholesalers, for example.
treat her just like any other
very important customer, but
with no special Difference.
This is the same sort of treat
ment she receives in dealings
with other merchants-precisely
what she expects and wants.
II don't believe there are
many differences in the way a
buSinesswoman is treated" she
said, "and I am glad there
aren't"
AS if to emphasize the distaff
side, the firm includes another
woman executive, Mrs. Vivian
Miller Densford, vice president
and co-owner with Mrs. Hahner.
Father Well Known
Both are daughters of the
late William E. Miller who
founded the firm in 1900 at
Seventh and E streets S.W. A
businessman as famous for his
horse racing activities as he
was for his commercial ven-
lures, he was also the founder
and president Of Rosecroft
Raceway at Oxon Hill, Md.
Mr.. Miller died in 1854,
stricken by a heart attack
while driving a sulky in a
harness race in Harrington,
Del.
He had come to WASHINGTON
as a young man from Colonial
Beach, Va. Buying into a
furniture business, he worked
nights hauling cement in order
to acquire more money -
enough. at last, to purchase
the entire firm.
Expansion in 1881
HE bought car loads of
furniture" Mrs. Hahner said,
Evening star., 1960-07-01
E. A. Burke Found
In Sun Valley

The Securities and Exchange
Commission announced today
that E. A. Burka, president of
E. A. Burka, Inc, l101 Vermont
avenue NV, has been appre-
hended by the FBI and Los
Angeles police in Sun Valley,
Calf.
Burka was being sought on
an SEC complaint charging
violation of anti-fraud provi-
sions of the Federal Securities
laws. According to the SEC
complaint, made last May
Burka allegedly induced some
20 customers to buy securities
from his company, confirmed
the purchases, received pay
ments but failed to deliver.