davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-08-07
By jim BIRCHFIELD
Star Staff Writer

They want to know, for instance, if
the old idea of Bay watermen that more
fish are found over oyster beds and
around reefs is fact or fancy.
If it is true, the association members
will know how to attract more fish to
their river and thus make more sport for
more sportsmen.
Last year, they marked off two areas
in the Magothy. In one, they dumped 700
bushels of oyster shells; the other they
left as it was.
Then they hired Mr. Schmidt to 60
out every day this summer and fish both
the areas He is to use the same bait on
each area, and fish each one the same
amount of time. He measures his fish
and turns over his records of the num-
bers and sizes of his catch to Harold J.
Elser, fisheries biologist with the Re-
earch and Education Department.
From this information, Mr.. Elser will
be able to come up this fall with some
answers. And. he says, it will be the first
time in this country, as far as he knows,
that such an experiment has been made
AS anyone who has ever held rod
while rocking gently in boat on quiet
river knows, there is nothing like fishing
to promote pleasant conversation. And
Bill Schmidt is no man to shirk his end of
the talk
You might say I'm semi-retired,"
Rill told mo "You know when YOU work
as boilermaker, you don't stay in the
same place long. Keep jumping from
place to place, and that is what like
about it.
Evening star., 1960-01-22
ODD-LOT TRADING

NEW YORK, Jan. "2 CAPD THE
New York Stock Exchange reported
today these odd-lot transactions by
principal dealers for January 81:
Purchases of 1861 OBI shares sales Oi
256,5G4 shares including 1905 shares
sold short.
Evening star., 1960-01-22
DIVIDENDS

NEW YORK, Jan. % CAP -Diyi-
dends declared:
Evening star., 1960-01-22

CHICAGO, Jan. % (AP).-A
Federal law placing a fixed
maximum term of "a months
for consumer credit was rec
commended today to the 18th
National Credit Conference
sponsored by the American
Bankers Association.
The recommendation was
made by DR.. Gordon w. Nc
Kinley, executive director of
economic and investment re-
search, Prudential Insurance
Co. of America.
"A 24-month credit maturity
will not reduce the total amount
of credit extended over a period
of years, but will moderate the
great surges AND cutbacks
which have characterized this
type of credit during the post
war period" Mr.. Mckinley
said.
Mr.. Mckinley said he be-
lieved Federal Reserve policy
Evening star., 1960-01-22
|ndustriats
And Rails Rise
In Light Trade

NEW YORK, Jan. % (AP)
The stock market continued
its recovery into the second ses-
sion with key rails and indus
trials joining glamour" stocks
in the advance early this after
noon.
Trading, however, was about
as light as it was yesterday
causing some brokers to say
there was little conviction be-
hind the rebound.
Stocks had ample justifica-
ton for a technical bounce
analysts said, and there was g
good background of economic
news. Carloadings were higher
than a year ago, auto assem-
blies moved to a four-year peak
and the steel industry hac
plans for plant expansion.
The Russian and American
missile f1rings focused attention
once more on the science
stocks which were aided further
by specific company reports ano
Wall Street comment.
Corporate bonds were higher
on balance in moderately active
trading. Government bonds
edged off in quiet dealings ovel
the counter.
Evening star., 1960-01-22
CHICAGO
LIVESTOCK

CHICAGO. Jan. 80 tAP) tUSDA, -
Hogs 5000, fairly active, Steady TO -
higher on butchers, most advance on
weights over 22O lbs, sOWs uneven,
STEADY to strong early clearance,
mixed grade ~ and mixed ) .Uu-
$50 lb butchers l3 0O-l3 80. mixed
- and IS along with a few lots l9O-
200 lbs l35O-l3 T5: few lots S
19O-2lO lbs sorted for grade 1919
IA 90, forty-fiye head at IA 90, mixed
@-3 and IS 23O-25O lbs l2.T5-l3 -,
mixed % and IS 25O-27O lbs I25O-
1900; a deck Is 260 lbs II 90; mixed
2-3 and Is 27O-3lO lbs l. 90 - 90;
mixed b 33O-425 ID sows II 90
1l,75; mixed 2-3 I2o-55O lbs 1890
Cattle 400: calves 100; not enough
slaughter steers or heifers on sale for
a price test cows steady bulls scarce,
utility and commercial cows l3,00-
y 90; Gamers and cutters, 1900
1890; few light Gamers down to
~ 90; a few cutter to utility bulls
~ 5000. 90, standard and good veal
ers 20 OO-3O 90. Gull and utility 200
- 90
Sheep 700: moderately active. lin
tied sales wpoled slaughter lambs
steady to weak, ewes unchanRed good
and choice 90 l5 ID wooled slaughter
lambs 2OOO-2l 90; one load good and
choice lO2 lbs 2O.2j; utility dowa to
1880 Gull to choice slaughter ewes
6.OO-S 90
Evening star., 1960-01-22
Maryland Curb
Asked on Cost of
Credit Insurance

BALTIMORE, Jan. % (AP)
State Insurance Commission
er F. Douglass Sears said last
night he will ask the General
Assembly to enact legislation
to prevent excessive premiums
for credit insurance.
Mr.. Sears said the customer
who takes insurance with a
small loan or an installment
purchase may be paying far
too much without realizing it.
Mr.. Sears said he will ask
the Legislature to give his de-
partment jurisdiction over such
contracts.
Evening star., 1960-01-22
N. Y. COTTON

NEW YORK. Jan 90 CAP) Cot
ton futures were higher today The
markets decline yesterday attracted
some short covering Mil buying
against textile operations also helped
the market.
The Census Bureau reported Decem-
per domestic cotton consumption at
100 935 running bales which was lower
than trade forecasts of Slh. 600 bales
Late afternoon prices we're 10 to
- cents a bale higher than the pre-
viouS close March 329S, May 1914
and July 32iI.
Evening star., 1960-01-22
BUSINESS
BRIEFS
Railroad Freight Loadings

Railroad Freight LOadings
reached 605,757 cars last week,
1922 or "a per cent, above
the previous week, and 19.4l5,
or 3.3 per cent, above the cor
responding week of last year.
Association of American Rail-
roads.
Heavy Construction Contract
Awards for the week ended
Monday amounted to S372,-
100000, bringing the volume
for 1860 to S1,O19,9O0.OOO, or
% per cent ahead of the cor
responding 1859 pace. -Engi-
neering News Record and Con-
struction Daily.
/ Magnavox Co. has purchased
controlling interest in the Brit
ish firm Of Collaro Co. from
Great Universal Stores for ar
undiSclosed amount of cash
Collaro manufactures recorc
changers. tape recording anc
reproducing machines and re.
lated electronic products.
Rheem Manufacturing Co
has acquired Sc per cent Of
Rudd Manufacturing Co. stock
for approximately $2,450,000 ir
cash and Rheem stock
/ Primary Aluminium PrOduc.
tiOn totaled l62 1896 tons III De.
cemer VS.. 1856 tons in No.
vember. bringing the 1859 tota.
Ito l,953,039 tons, a new record,
and a fourth over the 1855
production of l ,565, ,556.-Aium-
mum Association.
Iron and Steel COmpanie.
have budgeted $l.6 billion fol
new equipment ana construc.
tion this year, VS.. 1851 million
in 1859 but shy of the Sl.75O,.
100000 spent in 1958.-Ameri.
can Iron & Steel Institute
Kaiser Aluminium & Chem,
ical Corp. and Delta Metal Co.
Ltd. have organized an alumi.
mum fabricating company il
the United Kingdom. Kaiser
Aluminium will invest S14 mil,
lion, half Of the new company
initial capitalization.
Evening star., 1960-01-22
CHICAGO GRAIN

CHICAGO, Jan. - CAPl.-The
gram futures market generally was
almost stationary again today al
though there were, few spots OF
both Streneth and weakness from
time to time
Best support went to new-crop wheat
most Of the day and stifieSt pressure
was on nearby oats. Wheat was UP
about cent in spots at times and
oats of about that much
Although there was some export de-
mand in the wheat pit, trade was
limited for the most part to evening
up commitments for the week end
Profit selling was dominant in soy
beans. rye and oats
Cash Grain
No wheat sales Corn No. 4 yellow
local l.0S-ll No. . yellow local
l.O6-07; No. 4 yellow ! O9l2-13; No,
; yellow OT-OS. oats No heavy
white 1a14 sample grade extra heavy
white 10 sample grade white 74i4.
Soybeans No. 3 yellow thigh rate),
= -
Soybean oil, 794B-7sA
Barley: Mating choice l.J5-l 25N;
feed gO-l .O3N.
Evening star., 1960-01-22
Humm Brewing
Names 2OfficiuIs

President William C. Figge
of the Theo. Hamm Brewing
Co, which recently purchased
the Gunther Brewing Co. plant
in Baltimore. announced ap-
.pointment of Louis A. Herstein,
jr.. as resident manager of the
Baltimore plant and William
w. Wadel as the new general
sales manager of the Eastern
division. The president said
these are steps toward building
a strong organization.
Evening star., 1960-01-22
24-Month Limit Urged
For Consumer Credit

could be improved if greater
emphasis were placed on a de-
liberate slowing of the devel-
oping stage of an economic
boom through very restrictive
credit policy.
Evening star., 1960-01-22

Yale&Tow III 6 56lA 56ls 56A- ID
YnR Sh&T 5 8 l2SL4 las l2S III
YnRstStDr la 5 22L5 221S 22IS+ ss
ZenithR Goa "a 1864 lo5M IooLa+ ia
Hourly Sales on the Exchange
ll:OO am $50 600 Noon / o2o 600
100 m / $40 600 2:OOp.m elo 600
unit Of trading 10 shares on sales in
full, Rates Of dividends in the foregoing
table are annual disbursements based on
the last quarterly OF semi-annual decla
ration. Unless otherwise noted, special
or extra dividends are not included
a Also extra OF extras. Annual tate
plus stock dividend d Declared OI paid
in 1859 plus stock dividend Declared
or paid so tar this yeaI Payable in
stock during 1859, estimated cash value
on ex-dlvidend on redistribution date
< Pad last veal b Declared OF PAID
after stock dividend OF spltup * De
clared OF paid this year. an acCumula
tive issue with dividends IN arrears
p Pad this year. dividend omitted, de
ferTcd or no action taken at last dividend
meeting. Declared OF paid in 1860 plus
stock dividend I Payable in stock during
1860, estimated cash value, on eX-divluend
or distribution date. y Liquidating dly.
idend cid Called Ex dividend X-dis Ex
distribution. xI Ex rights. XIV Without
warrants WV With warrants. .wd When
distributed. wi When issued nd Next day
delivery. In bankruptcy or receivership
or being reorRanized under the Bank
ruptcy Act, or securities assumed by
such companies.
Evening star., 1960-01-22
FOREIGN EXCH'GE

NEW YORK, Jan. % (AP) Foreign
exchange rates Great Britain in dol
lars, others in cents and decimals Of
cent?:
Today Prev. Day
Canada in N. Y.
ffree, 104 G6oA 1oA CONE
Evening star., 1960-01-22
Earnings

Shell Oil Co. in 1859 earned
100000, or $2.43 a share,
VS.. S128,583,OOO, or $2.l2 a
share, in 1858.
McKesSOn & Robbins, Inc,
in the nine months ended De-
cember 81 earned $8,826,164,
or S2.2l a share, VS.. $7,928.l36
or 81 a share, in the 1858 pc
riod. Sales increased from
S470,l69 557 to S5O8,459,633.
Other earnings:
For Quarter to December 81
Beech Aircr CD Sl?43,o56 S76I,l4s
For d Months to December 81 0'''
OOklep Cop Co 3Sl3,29l 3,516 "a
For Year to October II
OiYSG-Wgn psg ySs3e cp l'o72:'33 33 l'l"?@Is :
PeiEolite Corp 3,5le3i$ 2,eS3. So
Per share 1905 gaO
For Year to December ~
Alan Wd Stl Co 4,Sj6OUO 2,lO9,"O9
BsPsr sI iP"ff HTdf-El l4l2'o95 G = 1,1o745S 2
Dt2md AK Co l1,3a2 90 6.474 9S!
Imperl Oil Id 544oooo0 5O,62O,4ii
Ksns Cy psi 1O2so3S@ 1o,15s, s,l&a
Per share 31O 3.U5
T'4s PsI l9SsE aSsFs TF 1880 59f j2f 7Sl':$aiis $is
Evening star., 1960-01-22
OldCIub
Restaurant
SIS 5. WuShinqton, All

Q Meet friends at Geo. 9
& WaShington'S old Club q
4 house. Finest food al 4
= prices you like. Attractive Colonial =
y dining rooms. Lunch and dinner
y daily except MONDAY Park Freei
~Porties, Bouquets, Meetings Receptions '
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-27

cussed the reserve problem fol
some years, but the criticism
set them to work with greater
determination.
The fast growth Of some OF
the larger insured associations
also has put steam into the
drive for action. Insured liabili-
ties of one association now ex-
ceeds $700 million.
Even though the. FSLIC Is
empowered to borrow up to $3.50
million from the Treasury if ii
needs to, present reserves Of
less than $500 million seem m.
comfortably low.
In comparing the reserve
ratios of the FSLIC and FDIC
it should be remembered that
more bank accounts than saw
ingS and loan accounts are
above the $4,000 insurabll
limit. AS a result the FDIC &C.
tually insures only about one
half of the deposits of its mem.
bers, while the FSLIC must IN
sure around 81 per cent of the
share savings of its members.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-27
CHICAGO
LIVESTOCK

CHICAGO, Nov. Is CAP). Butcher hogs
under go pounds led q higher price trend
this week as offerings during the holiday
shortened week dropped about one third
With the market so cents to 81 higher, a
relatively few offerings sold up to sly q
hundredweight, equalling the highest peak
in almost two years.
Slaughter steers advanced Sl.25-l.J5 and
brought the increase for three weeks to
81 at the extreme.
Buyers said the market reflected the
small supplies which forced bids up 10 q
SO top during the week for IDOL 400
pound prime grade. The average price O
October and the S20 top was the highest
since July.
(USDAJ.- Compared Friday last week
Barrows and gifts sold 5o-l.00 higher with
the most advance on weights under 23(
lbs. Sows advanced $3.50. Mixed grade.
No No a. and z and mixed No; No; ], 2 and
ls.60-le.s5. ~ Head No. ! around 2lo Id.
No. ! and aco:24o ID barrows sD and cit,
brought le.o0-ls.Ss with mixed No. anc
and No. 24o-2so ID weights 1.50-le 90
Mixed grades No. ], 2 and , and mixed
lbs l3.15-l5.2s.
Cattle Slaughter steers and heifers
were l.25-l.7S higher with all weights ant
grades sharing in advance, cows strong
to so higher, bulls strong, vealers steady
to LOO lower. Bulk Of the choice anc
prime 9oo-l $50 ID slaughter steers 1900
2e.75 with closing sales from 2675-2o.5 81
dozen loads prime l,l0o-l 400 lbs to 300
Several loads high choice l,ooo-l,loo II
steer yearlings 27.75-2e.0o late when manI
loads prime and mixed choice and price
l,05o-l ,45o Id weights brought 2s:0o-2e.1
steers 27.0o-27.75. Load lots mixed gooS
and choice steers S0o-l 800 lbs 26.00-27. %
late with bulk good grades 24.75-26.50
Standard and mixed standard and gooS
steers 23.o0-24. 50. Mixed choice and prim'
IN late with bulk choice 2S.25-2S.50 at n,
close. Mixed good and choice heifers 2475
2s.25 late with bulk good 23.oo-24.75. Utilit.
and commercial bulls l7.oo-2o.0o. Good an
choice vealers 2l.oo-2S,oo.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-27

Many problems which must
be considered in planning an
estate will be discussed by
experts from various fields at
the seventh annual Estate
Planners Day at the Statler-
Hilton Hotel on Thursday.
Sponsored by the Washing
ton Estate Planning Council
and District Chapter Of the
American Society of Chartered
Life Underwriters, the affair
has been scheduled for 9:3(
am. to 2:30 pm. and includes
a luncheon.
Experts will be called in to
consider and solve a specific
case and in the afternoon the
discussion will be Joined BY
the audience, which also will
include representatives from
various professions that partic'
ipate in estate planning.
Edwin L. Kahn of the lega
firm Of Berge, Fox and Aren't
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-27
COTTON

NEW YORK. Nov. 20 (AP) Com
tracts for future delivery continued to
sag on the New York Cotton Exchange
this week, closing with losses Of 20
cents to 81 IS bale.
Distant July suffered the biggest
loss as prices were trimmed for the
second successive week.
Short covering In advance of the
first notice day for the current De-
ccmber delivery firmed prices some
what early in the week, along with
the Census Bureau ginnings report
raising some doubt whether the crop
would equal the Governments Novem-
Der l forecast.
The Census Bureau reported TO-:
32l 900 bales ginned to November IA
compared with 1885, 900 to the same
time last year and an average Of
l04S7 900 for the past 10 seasons.
Exports were estimated BY the Exo
change Service Bureau at lls,0O0
bales in the week ended Tuesda!
compared with $4,000 the previous
week and 226.O00 in the similar 1893
week. For the season through NO.
yember % exports were estimated 81
/ ,O7O, 900 bales VS.. 1,26S,OOO TO the
same time last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-27
Problems to Be Viewed
By Estote Planners

will take the role Of family at
torney. He will call in the
family accountant, a bank
trust officer, a tax specialist
and the clients insurance adj
visor.
These four roles will be
taken by Morris B. Haritor.
CPA; Vincent c. Burke, jr.,
trust officer of Riggs National
Bank; Leonard L. Silverstein,
tax author and lecturer, and
Chester r. Jones. CLU, general
agent for Massachusetts Mu-
tual Life Insurance Co. here.
Each expert will outline his
suggestions to meet the given
problem and then will attempt
to work out a joint plan fol
the most economical and eff
Gent way to handle the estate
C. Carney Smith. president Of
the Estate Planning Council
will open the morning session
and Thomas S. Lawson. CO.
chairman for the event. will
preside.
Following a luncheon Will
liam M. Goldenzweig, presiden
: Of the District Gu Chapter
will preside for the Afternoon
session. William A. Spiker
CLU co-chairman for tn,
event. will moderate the au
dience discussion.
Mr.. Smith is general agen
for Mutual Benefit Life ant
Mr.. Spiker is Arlington man
ager for New York Life. MI
Lawson is trust officer Of Sub
urban Trust Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-27
Allegheny Pepsi-Co cola
Reports Sharp Gain

Allegheny Pepsi-Cola Bottling
Co., which serves Northwestern
Maryland, parts of Northern
Virginia, West Virginia and
Central Pennsylvania. reported
net income for nine months
this year jumped 122 per cent
above a year ago.
Net before taxes was 1928, 1871
VS.. sos, 892 a year ago. Sales
jumped to $2,202,836 from
81 ,946,500. The nine months
net was equal to around 40
cents a share, the report said.
The company's stock is held
widely in this area.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-27
CHICAGO GRAIN

CHICAGO, Nov. 20 (AP).-Aftel
two successive weeks Of rather broad
declines, the grain futures market re.
week.
All commodities except rye moved
ahead. most Of them by big leaps
Corn and oats, which had been scrap
ing the seasons bottoms for several
days, made sharp reversal and were
IN strong demand most Of the holiday
shortened week.
Wheat ended the week lE.2h cents
q bushel higher than week ago, De
S fs1Tl 81 osN. ;o oats Wv sish.
lower. pecember 81 .oess-X: soySean;
Y Usher to Y lower, January
Most influences in the trade were
strictly commercial. although the Gov
eminent report on grains held in the
price support loan was credited with
imparting some firmness TO wheat.
Range Of prices for the week:
Whaat- TlasR Ci0sA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-27
Arlington Trust Co.
Declares Dividends

Directors Of Arlington Trust
Co. have declared a quarterly
dividend of 1l2 per cent plus
an extra dividend Of y of
per cent. President Ernest D
Wilt announced.
The dividends will be paid
December 30 to stockholders Of
record December 20.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-27
Seoboord Earnings
Lag Behind Year Ago

Net income Of Seaboard Air
Line Railroad was $1,169,769 or
"a cents a share in October.
compared with 81, 376,969 or %
cents in October last year.
Net for 10 months this year
was $11, 644,413 or $2.4l a share,
compared with $13,634,505 or
$2.82 a share in the same 1859
period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-27

amounting to less than Ia per
cent of its premiums.
However, it now inSures 4,072
member associations up to
$4,000 of each share account
and its insured liabilities have
risen to $54 billion. Just five
years ago it insured 3,472 as
sociations with insured liza
bilities of $26 billion and 10
years ago it insured 2,799 as
sociations with only $780,
100000 of insured liabilities.
Its general reserves and I'M
allocated income now amount
to around 1886 million or 0.65
per cent of insured liabilities,
compared with SHOT million
five years ago and 1882 mil
lion 10 years ago.
Over Capitalization Cited
A plan for increased pre-
miums was discussed by regula-
tory authorities early this year,
but this did not meet with
much favor among member
associations already concerned
with mounting costs.
There seems to be general
turning now to a plan that
would take advantage of the
present over-capitalization of
the regional Federal Home Loan
Banks and would permit men,
Der associations to turn funds
flowing now into regional bank
stock into investments in Sec
ondary reserves for the FSLLC
Present law requires members
of the system to own stock
amounting to 2 per cent Of their
mortgage loans and this has
increased the regional banks
capital to % per cent of total
liabilities.
In contrast, the capital ratio
in the Federal intermediate
Credit Banks is go per cent;
in the Federal National Mort
gage Association, ~ per cent;
in the Federal Reserve Banks
90 per cent.
The legislative program now
gaining strong support would
reduce the capital stock pur-
chase requirement to / per cent
Of mortgage loans and no more
member funds would 60 for
this purpose until the capital
radio dropped to l per cent. II
is estimated this would take
from Z to 10 years.
$12O Million a Year
AS both mortgage loans and
insured liabilities Of the men,
bers have been increasing
around Sc billion a year, the 2
per cent thus released would
amount to around $3.50 million
a year and associations would
be required to invest this in
secondary reserve certificates
of the FSLIC in addition to
the present premium amount
ing to 1/12th Of / per cent for
the: primary reserve. When to-
tai reserves reached a projected
2 per cent goal, the excess
could be prorated back to
member associations.
Officials of the FSLIC and
the Federal Home Loan Bank
System have declined to COM
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-27

ment publicly upon the pro-
posal, pending formulation of
the of1icial legislative program.
However. administration senti-
ment is known to lean in this
direction now.
Industry leaders have not
been silent. Walter McAllister,
former chairman of the Federal
Home Loan Bank Board and a
past president Of the United
States Savings and Loan
League, came out strongly for
this type of a plan at the recent
league convention in Miami.
Fla.
Mr.. McAllister said that as
losses in 26 years have been less
than 1la per cent Of gross pre-
miums, an increase in premi-
ums would not be justif1ed-not
to overlook the increase in OPP
Grating costs.
He pointed out that current
capital of the Federal Home
Loan Bank System now APP
proximateS 81 billion and ex-
ceeds the combined capital of
all government corporations
now selling securities to the
public.
Mr.. McAllister said the as
sociations' FSLIC investments
could be represented by de-
bentures earning 8 per cent or
4 per cent. Mr.. McAllister is
board chairman Of the San An
tonic Savings and Loan Associ-
alton.
Favored BY Baltz
Edward C. Baltz. president
of Washington's Perpetual
Building Association and also q
past president of the United
States League, told The Star
that a vast majority Of the
member associations favor the
change in capital and use Of
the funds for FSLIC reserves.
Stephen Slipher, vice presi-
dent and legislative director fol-
the United States League. with
Offices here, outlined the pro.
poSal in the current issue oil
the leagues magazine.
THE FSLIC's problem is not
really so much a problem Of re-
serves but a problem of cash,
said Mr.. Slipher. IF an aSsocia-
ton is taken over, the savers
are paid off promptly and this
takes cash.
1.-THE associations assets, OF
course. cannot be converted
Immediately into cash. In 1
very large institution, the. cor
poration might need 500 mil
lion in cash, even though its
ultimate loss and the charge
on reserves would be only a
few million dollars"
Spurred by Criticism
Criticism which grew in part
out Of the controversial Long
Beach Federal Savings and
Loan case did not fail to in
clude the FSLIC's reserve ratio
of 0.65 per cent. 1t was COM
pared with a IA per cent re-
serve ratio of the Federal De-
post Insurance Corp.
Both association leaders and
regulatory authorities had dis.