davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-06-06
May Dividends
Down From 1859

NEW YORK, June 6 (AP).-
Dividend news in May was
less favorable than in May
1859, Standard & Poor's Corp.
reported. =
t'It is now clear that the
bulk of the good dividend news
is past, at least for the time
being" said the business ad-
visory service after a survey of
May dividend declarations.
During the month "a COM
panles declared higher divl-
dends. A month earlier 38 did
the same but in May 1859. 81
companies raised their divi-
dends. The number OF extra
dividends dropped to SO from
81 a year earlier. In addition
18 companies decreased their
rate and II omitted payments
compared with 6 IN each cate
CORY a year before.
Evening star., 1960-06-06

a January peak OF 689, 900 to
583, 900 in April. Failures rose.
Unemployment High
Unemployment held high at
above the year ago level. The
average of hours worked per
week by factory employees de-
clined to 1914 hours in April,
more than a usual drop for
that season.
The demand for credit didn't t
expand as much as expected on
"a seasonal basis. The stock
market dropped.
1t wasn't a recession to be
compared with the distinct
downturns of 1948-49 or 1853
81 or 1957-58.
There's no denying that it
was the most prosperous reces-
sion this-or any other-nation
ever had, or that it was the
least painful to the overwhelm-
ing majority, or that it was the
least publicized.
And now there is a rising
belief that the correction
plus the influence of the sum-
NIT collapse-may have done
much to eliminate the danger
OF a major decline in 1861.
Distributed 1860, by The Hall Syndi-
cate, Inc.-All Rights Reserved J
Evening star., 1960-06-06
MajorChanges
Seen in Steel
inventories

CLEVELAND, June 6 (AP).
THE country may be wit
Messing an inventory revolu-
ton" in steel, the magazine
Steel said today in its weekly
review.
Buyers seem determined to
stock less steel than ever be-
fore and to push the ware
housing function back to their
suppliers." the weekly journal
Of Woodworking said.
May steel stocks were at an
18-million-ton level and will
drop by a million tons before
the end of June, Steel said.
This will mean steel users will
receive only about 5.6 million
tons in shipments from mills,
including 100000 tons of i'm
ports, but will continue in July
and August and amount to
about half million tons being
taken from consumers stock
piles in each of those months,
Steel said. So. by the end of
August, inventories will have
dropped another million tons
and total about l6 million
tons.
The trend could continue un-
til as late as November, and the
total inventory could drop as
low as l4.5 million tons, the
magazine said.
AS talk of December price in
crease grows, some buyers may
rebuild stocks in anticipation
of the rise. The Woodworking
journal said one major plate
and structural fabricator al
ready has added Sc a ton to
the cost of steel ION any Jobs
that we might get after Nov. l."
SteelWorkers' wages go up in
December under their union
contract.
Steelmaking operations fell
81 points last week to 61.9 per
cent of capacity, or 1855, 900
ingot tons. Steel said Its" ap-
parent operations will tumble
into the SOS before leveling
Off"
The price of No. / heavy
melting steel scrap went down
by $1.33 to $32 a gross ton,
lowest since May of 1858.
Evening star., 1960-06-06
YOUR
MONEYS WORTH
Six-Month Recession
BY SYLVIA PORTER

Do you know what you lived
through in the first six months
of 1860? A recession.
1t was a mild recession, but
still it was a movement war
ranting this well-known de-
Scription.
For if you define a recession
as the "act or fact of receS-
ing" then a recession in the
economy did occur in the first
half of this year.
The vast majority of wage
earners and salary earners
weren't touched by the econ
omy'S retreat, and because of
the relative stability of prices
and pay raises, millions moved
up the living standard ladder.
Certainly no Government Of
fetal has come out and fatty
used the word "recesSion"-for
obvious reasons.
Plenty of Explanations
With the clarity of hindsight,
though, experts now find plenty
iof explanations for the dip.
The dreadful weather of
February-March forced slow
downs in production and shut
down plants. The hangover
from the steel strike was more
severe than even conservative
authorities anticipated. The
change in psychology when
businessmen and investors
realized that the economy was
not living UP to the exuberant
year-end forecasts was pro-
found. The stock markets
drop as the year began was a
shocker.
The decisions of many in
dustrialists not to build up
huge inventories and instead
to operate on a hand-to-mouth
basis was a vital factor in the
adjustment. The spreading
feeling" that the fever was
out of the economy and that
this was a new era was un-
familiar and uncomfortable.
Despite the mildness of the
dip and the rash of explana-
tionS for it, we moved into a
recession at the very start OF
the new year.
Industrial production fell
almost 2 per cent between Jan
uary and April-from an all
time high index of Ill pei
cent of the 1857 average, tc
109. Machine tool orders-a
sensitive indicator of the out
look for business spending or
plants - slumped below the
1859 rate.
Housing starts dropped to ar
annual rate of 1,152,000 in the
first quarter, well below the
1859 average. The steel operat-
ing rate declined from 95 pei
cent in January to under g.
per cent.
! Auto output decreased from
Evening star., 1960-06-06
ON WHEELS
ACose of Lincoln Lullaby Moybe j..
By CHARLES YARBRoUGH

26 miles to the gallon and
standard models average lat
and 81 per cent of the total
cars are compacts, the indi-
Gated gas consumption would
be 37.6 billion gallons. Take out
the compacts and substitute the
standard car and the con-
sumption would be 43 billion
gallons.
Assuming the Federal tax
in 1864 remains at four cents
a gallon, the potential revenue
loss would be about $2l7 mil
lion.
ChevrOlet's E. n. Cole ven-
lures the general prediction
that automobiles in the next
decade will have a functional
ish-thrift there shorter, a little
higher and much lighter and
easier to get into and out Of.
y
1t must have been with ton
que in cheek, but Brian RoOteS,
managing director of Britain's
ROOtes Motors, Ltd, says Eng
land should look to the United
States as an example of how
to handle the problem of keep
ing up with road requirements.
He couldn't mean the Los
Angeles freeways or Arlington
boulevard???
Mr.. Rootes warned that "the
condition of our roads, rela-
tive to the volume of traffic at
the end of the Government s
four-year plan in 1862, will be
worse than it is today"
*%
The 1861 Rambler will have
a new, ceramic-coated exhaust
system virtually impervious'
to corrosion. Peugeot will
introduce two new models in
1861, but only one, the 4O4,
will be exported to the United
States, Supplementing tn G
present 4O3 sedan. Paul A
Kelly, 2l5 Oak View drive
Vienna, has succeeded George
]. Luberda as manager of the
Washington sales Office fol
Ford International Group.
The new Kaiser Bergantin
first Argentinlan designed ano
built automobile, was intro.
duced in Buenos Aires last
week. Harper g. Brothers
has a new book coming out
June Is on a six-car race from
New York to Paris in 1908
written by Walter Lord-called
THE Good Years."
Evening star., 1960-06-06
Ills Named to Lead
District DELEGATION

The Washington delegation
to the Prudential Insurance
Co.'S leaders conference at Lido
Beach, N. Y, June 27-3O. will
be headed by Managers Edward
L. Hills of the Potomac agency,
1912 Fourteenth street NV.
and James w. Merritt of the
Washington agency, 1446 New
York avenue NV.
Altogether 81 members of the
agencies here will participate.
Sales and service will be dis
cussed at the meeting. About
100 persons from the Central
Atlantic region are expected to
attend,
Evening star., 1960-06-06

man of the board. The new
vice chairman is Thomas A.
Yellowlees, advertising and sales
promotion manager of Cana
dian General Electric Motor
and Control Department, Pc
terborough, ontario. He is the
first Canadian ever named vice
chairman. Officials said there is
strong likelihood that he will
succeed next year as chairman
of the board.
The graphic arts business and
publishers are exhibiting at the
exposition that is a feature of
the convention. 1t is open to
people in advertising and pro-
motion. 1t will run 9 a m. to 7
pm. through Wednesday, with
10 pm. the closing hour to-
morrow.
Evening star., 1960-06-06

Crude Petroleum Stocks, do
meStic and foreign. on May %
totaled 259,655,000 barrels,
down $4,000 for the week.
Bureau of Mines.
National Tea Co. sales in 4
weeks ended May % totaled
$64,655,74 up 2.4%o from 1859:
for 20 weeks ended May %
1921 ,061, ,118, up 81 from 1859.
Neisner Brothers, Inc, May
sales totaled 5,774.311. up 1870
from 1859; for 5 months $26,-
086,895, UP 1919 from 1859.
Mangel Stores Corp. sales in
4 weeks ended May % totaled
$4.104,510, up 1.5fS from 1859;
for II weeks ended May %
$15,52l,3 ,311, up 1919 from 1859
Evening star., 1960-06-06

Recent news dispatches have
been quoting a Chicago doctor
to the effect that changing
from a big car to a little car
may cause bodily pain to a
driver.
Ailments related to changes
in driving habits were described
by DIR. Jerome F. Strauss, jr.,
in letter appearing in the
May % issue of the American
Medical Associations Journal.
He said he had seen four pa
tientS in the last six months
who developed a pain in the
chest, hip or back a day or two
after they began using a small
car.
Once the syndrome was es-
tablished." he wrote, Its rela-
tion to operation of the vehicle
was obvious"
He said difficulty in operat-
ing the small cars lis not lin
tied to persons six feet tall"
Only one of his four patients
was more than five feet, lC
inches tall.
While it is unlikely that the
individual practitioner will see
many cases of 'Jaguar chest
or Corvette hip the increas-
ing popularity of smaller auto
mobiles and the renaissance OF
the gearshift lever should be a
warning to the clinician to be
on the lookout for new muscu-
loskeletal syndromes."
Such a condition must be
rare indeed, and DR.. Strauss
probably has had his quota. AL
most any publication available
today finds some way to men
ton the growing number OF
tWo-car, or three-car families
and the assumption is that one
OF them is a big one which
everyone drives now and then
l drive a so-called big one
and a little one. None of the
aches and pains I acquire
could be traced to this driving
variation.
In fact, even after all these
years dating from the Model
T. l still thrill at last weeks
driving of stately, but nimble
1860 Lincoln with two radios
and air-conditioning) and
then getting into my modified
Austin Healey Sprite, which
could almost fit into the Lin
coins trunk.
Syndrome?
In a nod in the other direc-
tlon on small cars, the AssO-
ciated Press Jack Letter
wringS out the statistics to
show what the surge of econ
omy cars is doing to gasoline
revenue and tax collections.
He quotes the trade publica-
tion Petroleum Marketer that
in 1864 economy cars will ac-
count for a savings of 5.4 bill
lion gallons of gasoline-and a
loss of $548 million in poten-
tial Federal and State gasoline
taxes.
A research agency says that
by 1864 yearly sales of COM
pactS will total three million.
! Mr.. Letter has it figured that
II the 1864 compacts average
Evening star., 1960-06-06
Earnings

Swift g. Co. in 26 weeks ended
April earned S9.207, ,038 or $1.54
a share VS.. $6,770,342 or $1.14
in 1859 period.
J. p. Stevens e. Co. in 6
months ended April 80 earned
$8,856,035 or $2.11 a share.
International Tel. e. Tel. in 3
Evening star., 1960-06-06
Bank Women to Meet

Capital Group, National As
sociation of Bank Women, will
hold its monthly dinner meet
ing at The Barn" Glen Bmnie,
Md, on Wednesday. Delbert
Davis, president of County
Trust Co. of Maryland, will be
the featured speaker.
Evening star., 1960-06-06

ASSOCIATION OF 1nQuSCrldI Ao-
vertisers, which has brought
900 to the Sheraton Park Ho-
tel and the Shoreham Hotel.
He spoke at luncheon at the
Sheraton Park.
Taking as his topic Storm
Signals on the Marketing
Front" Mr.. Expert declared
that competition not only
comes from Moscow. but from
Americas friendly allies.
Expansion Needed
1--WE must face up to the fact
that any nation strong enough
to help us militarily must also
be strong enough to compete
with us economically" he de-
clared. THE only answer in
this competitive dilemma is to
expand the world market. What
we need is not a bigger piece
of the pie, but bigger pie"
He said the United States
must find ways of expanding
markets abroad. He does not
favor governmental tariff ac-
ton.
Foreign competition must be
met head on with better prod
ucts. better production et-
f1ciency and above all better
marketing efforts" Mr.. Expert
said.
He pointed out this Nation
will spend $l4 billion on re-
search and development in 1860.
Our answer to trade deficits
must be to capitalize fully on
this tremendous chronological
effort and capabllty." he said
He said foreign competitors
costs are lower and better
products and research must be
pushed ahead by Americans.
Sharp Elected
At the annual business meet
ing today, Jay N. Sharp, man
ager of general advertising of
the Aluminium CO. of America,
Pittsburgh, was elected chair
Evening star., 1960-06-06
U.S.. Superiority Seen
As Key to Overcoming
Foreign Competition
THE EVENING STAR
Washington. D c.
Monday. June 8, 1860
BY WILLIAM A. MILLEN
Star Staf Writer

Americans put products superior foreign
petlors and concentrate research development
$50 that we will have product that step ahead
of them, Ray R. Expert president Burroughs Corp
declared here today.
He the keynote speaker the convention of the
Evening star., 1960-06-06
FOREIGN EXCH'GE

NEW YORK, June (AP).-Foreign
exchange rates tGreat Britain and
Australia in dollars, others in cents
and decimals of a cent?:
Today Prev. Day
Evening star., 1960-06-06
OVER COUNTER

Washington listines on over-the-
counter markets furnished by the Ma
tional Association of Securities Dealers
as OF ! pm. Monday, June 6,
Evening star., 1960-06-06
OUTSTANDING WORK HONORED

Walter president
center presents plaque to John W. Stader gh president
the National Permanent Savings Loan Association 1t given for
Davis Q) the chapter president approvngy
made the Washington
of the institute Saturday the ShOreham HOSar Photo
by Tom Hoy.
Evening star., 1960-06-06
Sharp Elected

At the annual business meet
ing today, Jay N. Sharp, man
ager of general advertising of
the Aluminium CO. of America,
Pittsburgh, was elected chair
Evening star., 1960-06-06

a January peak of $500 to
$4,000 in April. Failures rose.
Evening star., 1960-07-24
Truck Crushes
Man to Death
In Gas Stution

The 38-year-old manager Of
a Manassas soft drink company
was crushed to death yesterday
between one of his trucks and
a gas station door.
Prince William Deputy Sher-
iff Roy Wright said Willie Os-
car Greed. of Manassas. was
dead on arrival at Arlington
Hospital.
Mr.. Creed, manager of the
Tru Ade-Dr. Pepper Bottling
Co., had gone to Caton's ESQ
Station to pick up the truck
along with one of his super
visors, Clyde Carneal, of
Gainesville.
Mr.. Carneal was pulling the
truck forward before backing
out of a fabrication room when
the truck caught Mr.. Greed and
pushed him against the edge
of the doorway, according to
Cation Merchant, owner of the
station.
Evening star., 1960-07-24

the dusty bush, the train dis
charged hastily-recruited Con-
golese administrators.
They found villages controlled
either by mutinous soldiers or
the tight apparatus Of Presi-
dent Joseph Kasavubu's party,
the Abako.
The officials came from Leo
poldville. Most of them were
followers of Premier Lumum-
ba's national Congolese move
ment.
They found the desks of their
Belgian predecessors locked or
looted. Abako party members
refused to obey their orders.
United Nations troops control
the port cities of the Lower
Congo, but the interior contin-
ues to be torn by tribal strife.
internal squabbles, disorder anc
uncertainty.
will peace and order reign
soon in the Congo? You must
help US" a Congolese official
said. I'VE do not hate the white
man, but we don't want the
.Belgians back. They have had
their chance"
Evening star., 1960-07-24
Muchine-BuiIt

MOSCOW, July % (AP).-
Tass reports the Russians have
developed a house building
machine. The agency said the
device was used in putting to-
gether a f1ve-story house in
Moscow recently. BY its ac-
count the machine mechanics
not only the hoisting of walls
of prefabricated units but also
the construction of large panel
and large block buildings.
Evening star., 1960-07-24

ana jungle. Inc penC-up 1eel-
ingS of inferiority, the 80 years
of servility, flared up in rape,
looting and killing.
The revolt brewed slowly in
that first week. Although the
blue flag of independence was
swapping over the Congo towns
and villages, to the average
Negro nothing had changed.
Belgian officials continued to
reign over him. Belgian officers
commanded the troops. Big
ships continued to carry Congo
products to Belgium.
"Is that independence" men
were asking one another in
shacks with thatched roofs, and
in barrack-like homes in Ne
gro sections of the cleaning
white cities built by the Bel
gians.
When the soldiers screamed
demands at rallies, the new
Congo government did not
know what to do. In a nation
of more than 13 million, only
a dozen black men had been
to a university. None had ad-
miniStrative or leadership
experience.
Despite pleas and promises
from their own government
officials. the soldiers went on a
rampage against the whites.
Today, more than two weeks
after Savagery swept the Con-
go, bitterness is still in the
black man.
In this lower Congo capital
of an administrative region
bordering on Portuguese An
gola, I listened to complaints
and pleas for help.
Although my face is white,
was asked to join the village
officials as they sat to discuss
how to make democracy work
in the Congo.
Soldiers with the naive eyes
of children and an ever-ready
smile tried to explain to me
why they revolted.
Eyes, our men raped white
women" one said. They were
bad women. They walked
around in shorts showing their
legs. But when black men
came to them, they refused to
shake hands"
To the primitive, illiterate
soldier of the Congo army,
independence should have abol-
ished the wall separating him
from the white woman.
When he saw the barrier
remained, he got the woman
against ner Will.
In giant Camp Hardy near
Thysville, about rs miles west
Of Leopoldville, black soldiers
locked up their officers for two
days and queued up at the
bungalows where their wives
lived.
And then they asked 35 Of
ficers to stay and command
them.
"The officers refused because
Of what we did to their
wives" a soldier said. "Why?
I gave my wife many times
to white men"
For the officials of the new
nation, the task is to make
sure that the people will listen
to their orders, that the people
have work and enough to eat.
When BelgianS fed their
posts in the interior, the Congo
Evening star., 1960-07-24

LONDON, July % (AP) -
Premier Patrice Lumumba of
the Congo tonight demanded
recall of the Belgian ambassa-
dor in Leopoldville and again
blamed Belgium for all the
troubles in the newly independ-
ent republic.
Speaking to.a crowded news
conference during a London
stopover on his way to the
United Nations, Mr.. Lumumba
charged that Belgium inspired
the secession of Katanga, rich
est province in the Congo. He
said he believes Katanga can
be recovered without violence
if Belgian troops withdraw.
Brussels radio said Katanga
Premier Noise Tshombe in a
conciliatory move had proposed
to President Joseph Kasavubu
of the Congo that Katanga and
the five other Congo provinces
form a federation. 1t was made
at a time when Mr.. Lumumba,
political rival Of the presi-
dent, was out of the country.
Met by PrOfumO
Mr.. Lumumba was met at the
airport by John Profumo. min
lister of state at the Foreign
Office. Mr.. Lumumba arrived
in a Raj Comet jetliner which
is on loan to the Ghana gov
ernment. He spent last night
in Accra. A delegation of Is
Congo officials is travelling with
him.
After his stopover, Mr.. Lu-
mumba took off for New York
aboard a regular airliner. He
is due there early tomorrow.
Mr.. Lumumba said the Bel
gian ambassador, Baron Won
den Bosch, along with Gen.
Emile Janssens, former COM
mander of the Congo army,
were mainly responsible for the
recent violence.
But he appealed to Belgian
technicians - the administra-
tive backbone of the Congo un-
til its independence June 30
to remain in the Congo. He
pledged his government will
do everything possible to pro-
tect them.
At an earlier stopover in
Libya, Mr.. Lumumba said he
intends to ask the U.N. to fix
Evening star., 1960-07-24

whether the contract would
protect the Congo from coming
under the thumb of the Com
munist nations.
THE nature of the contract
shows that Mr.. Lumubma is
not anti-capitalist and not pro-
communist" Mr.. Detwiler said.
1T is fair and equable con-
tract allowing many investors
to come IN, giving them ample
protection"
Evening star., 1960-07-24

vile area back into full opera
ton for the benefit of the
Congo Republic.
If that is not done quickly,
a vacuum will exist into which
Russia would be only too will
ing to move, in the view of
Washington.
Evening star., 1960-07-24
Soviet Interest
InCongo Seen
As Sub Base
BY ELTON C. FAY
Associated Press Staff Writer


in RuSsia's effort to gain a
foothold in the Congo may be
establishment of a vitally stra-
tegic submarine base which
would lay the whole South
Atlantic ocean area open to
Soviet military threat.
For this reason, some West
ern strategists and diplomats
yesterday saw an extra factor
of urgency in securing the
Congo under United Nations
control. Soviet technicians
already are in the Congo, flown
there on the first Russian
transport planes which carried
token aid shipments.
They arrived, following the
Communist pattern, ostensibly
to give guidance in stabilizing
the new nations economy. But
they could lay the ground work
for later military works.
Grave Menace Seen
Aside from the obvious need
for keeping Communist eco
nomic and political influence
out Of Africa. the military
menace could be grave in the
view Of experts here. They
sum 1t up something like this (:
The Red navy now has no
bases from which submarines
can operate directly into tropi-
cal and semitropical areas.
Southernmost is a port in Com
munist Albania-which opens
only into the easily sealed-off
Mediterranean.
Use Of an operating base
in the Congo would place Red
submarines in a position to in
terdict the shipping lanes OF
the South Atlantic through
which traffic passes to South
America, South Africa and the
Indian Ocean. Missile firing
submarines would have imme-
diate access to routes from
which they could launch at
tacks on Western Hemisphere
cities.
The immediate objective is
to get the port complex at the
mouth Of the Congo River, be-
low the capital city Of Leopold
vile, back into operation. For
this reason, the United Nations
was reported to be sending en-
gineering experts.
Port Built by BeIgians
The best port. thoroughly
modern, is Banana-built by
the Belgians and located on
the protected inland side of a
spit Of land between the harbor
and the Atlantic. But several
other useful but smaller ports
are located upstream although
still in navigable water.
AS far as is known here, the
fighting so far has caused no
major damage to port facilities.
| However, two other factors
have virtually immobilized the
whole Leopold-port complex
(a) the absence of technicians
to replace the Belgians; (b)
navigation problems.
The unframed Congolese are
unable to operate pipelines,
communications and other ia
cilitieS. Training of these peo-
pie Is one Of the purposes of a
u. N. mission, whose techni-
clans first would take up the
job of operating the facilities.
The lower, tidal reaches of
the huge Congo River are
dumping masses of silt into
channels. The Belgians have
left the dredges and other
equipment normally used in
keeping channels open, but
since the ouSting of Belgian
personnel there has been no
one to work the equipment.
The immediate goal of the
o. N. Is to get the utilities and
port facilities Of the Leopold