davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-12-23
Drug Fair Votes
1O-Cent Dividend

Directors Of Drug Fair
Community Drug Co. yesterday
declared a cash dividend Of 10
cents o share on Glass A COM
mon stock, payable January
81 to holders Of record January
6, 1t was announced by Robert
Gerber, board chairman.
Directors discussed plans for
new stores in 1861 and Sylvan
Gerber. head Of the planning
division, outlined plans for the
company'S new distribution
center to be built in 1861.
President Milton Elsberg in
dicated the company had a
record year in 1860 and pre-
dicted further increases and
expansion next year.
The newest Drug Fair pre-
scription center opened this
week at 1912 I street NV. It
Is the drug chains 59th unit.
Evening star., 1960-12-23
Firm Enjoiined
From Violating
Securities Law

w. ]. Grow. administrator Of
the Washington regional ONCE
Of the Securities and Exchange
Commission today announced a
court order had been signed
enjoining Allen, Mcfarland q
Co. Of Washington and its OH
GERS from violations Of the anti
fraud provisions and net capital
rule under the Securities Ex-
change Act Of 1894.
Mr.. Crow said Judge Nc
Laughlin Of the U. s. District
Court Of the District of CO.
lumbia signed a judgment Of
permanent Injunction, which
named the firm and its officers,
Otto ]. Allen and Joseph w.
Mcfarland. The defendants
consented to the entry Of judg-
ment. Mr.. Crow said.
The complaint filed by the
commission and the affidavit in
support asserted among other
things that the defendant
broker-dealer, Allen, Mcfarland
& Co.. Inc, had an aggregated
Indebtedness Of $55,5l3.20 and
that it had o deficit in its net
capital as computed under the
commissions net capital rule
Of $32.S77.36.
The complaint also alleged
that the effecting Of securities
transactions while the defend
ants liabilities exceeded assets
and the failure to disclose this
condition was q violation Of the
anti-fraud provisions Of the
Securities Exchange Act Of
1894.
The commission was repre-
sented in the action by Mr..
Grove, Alexander J. Brown,
jr., assistant regional admin
istrator, and John j. Sharp,
attorney. The investigation
leading to the filing of the COM
plant was conducted by Floyd
E. Young, SEC investigator,
under the supervision Of Mr..
Grove.
The defendant firm is at 1l20
Connecticut avenue NV.
Evening star., 1960-12-23
General Tire Net
Down, Sales Up

NEW YORK, Dec. % (AP1.-
General Tire & Rubber Co.'s
sales hit a record In the fiscal
year ended November 80 but
net income did not, the firms
president reported.
In a talk before q group Of
security analysts. M. G. O'Neil
placed sales for the period at
$725 million and net income at
$2l million, equal to $3.75 q
share.
In fiscal 1859 sales totaled
676,942,133 while net income
amounted to $26.6 million or
$4.84 a share.
Prime reasons for Generals
profit squeeze have been the
increased costs Of raw materials,
especially crude rubber, and
price weakness in the replace
ment tire Market" Mr.. O'Neil
said. He added that there was
every reason to believe that the
current level Of tire sales would
be sustained in 1861.
Evening star., 1960-12-23
First National
Fetes Mrs. Goode
For Her IS Years

Mrs. Dorothy M. Goode, saw
ings teller at the Seventh street
off1ce Of First National Bank
received a special award Of saw
ings bonds at the banks recent
Christmas party for having
completed IS years Of service
with the bank.
Her anniversary on Deem
ber 10 came only two days
after the party. Mrs. Goode
was praised for her sale Of
Christmas club memberships
in November. Her total was
more than double that Of any
other employe Of the bank, said
president A. Scott Offutt in
presenting her service award
Few Of the banks employees
outrank Mrs. Goode in point Of
service.
Miss Elizabeth M. Kintz, safe
deposit custodian at the G
street ofice has been with the
bank 43 years. Joseph Fitzpat-
rick. senior vice president; and
Frank Miles. vice president,
have each served II years.
Stewart Ogilvie, senior vice
president. has served SO years.
Mr.. Ofutt also introduced
Mrs. Sarah M. Beller and Miss
Martha w. Davis, each Of whom
has served the bank for 13
years without missing q single
working day. Their perfect at
tendance cash awards will be
presented at the years end.
Evening star., 1960-12-23

with its business In each of
these sub-markets singularly
close to the relationship of
these markets In total domestic
consumption"
P. L0rillard makes Kent, Old
Gold, Newport, Spring and Old
Gold straight.
Iorillard has now become
essentially a producer Of filter
tips with nearly 95 per cent Of
its domestic cigarette business
this division" Mr.. Wootten
said.
Brown & Williamson makes
Viceroy, Raleigh, Life, Du-
maurier, Kool, Wings, Ken
lucky King and Belair.
Mr.. Wootten said the COM
pany had "the greatest range
Of products In the industry with
about IS per cent Of its domes-
tic cigarette business weighted
toward the sale Of filer-tips."
Evening star., 1960-12-23
Wards Credit Firm
To Offer Debentures

Montgomery Ward Credit
Corp. has filed a registration
statement with the Securities
and Exchange Commission
covering proposed public Offer
ing Of $25 million Of debentures
due February /, 1881. and $25
million of subordinated de-
bentures due February /, 1881.
The offering would be made
through q group headed by
Lehman Brothers. The interest
rate, Offering price and UNDER
writing terms will be supplied
by amendment.
The firms principal business
is financing deferred payment
accounts Of Montgomery Ward
g. Co., which owns all of its
stock. representing an invest
ment Of $35 million. The par
ent company will contribute an
additional SIS million to cap
ital on or before next Feb
ruary and net proceeds from
the debenture offering will be
added to general funds, accord
ing to the prospectus.
Evening star., 1960-12-23
Heavy Snow CurtoiIs
Area Store Sales

g. As Q result Of the heavy snow
department store sales In the
Washington Metropolitan area
Jagged u per cent behind q
year ego in the week ended
December II and also were 2
, per cent behind the preceding
week. the Federal Reserve Bank
Of Richmond reported today.
Area sales In four weeks
ended December II were down
~ per cent from Q year earlier
and those for the year to date
were on 2 PEP cent.
e The downtown portion Of the
area sales total was Is per cent
: behind Q year ago and down
i per cent from the preceding
week In the period ended De-
cember II. Four weeks sales
were ~ per cent behind q year
ago and those for the year to
date were down 8 per cent.
Evening star., 1960-12-23
Southern Railway Net
Holds Above Year Auo

Southern Railroad earnings
continued ahead Of a year ago
in November and the year-to-
date decline was narrowed some
what, President Harry A. De-
Butts disclosed here yesterday.
November'S net income was
$2,846, 900 or 40 cents q share
on common stock, compared
with $2,601. 900 or SO cents a
share in November last year.
For II months Of this year,
net income was $26,135 900 or
1888 q share, compared with
$28, 1000 or 1895 q share o
year earlier.
Southern's gross operating
revenues rose to $22,053, 900 in
November. compared with
$2l ,904, 900 in November last
year. Gross operating revenues
for II months totaled $23S ,867,-
900 vs.. $246.s16.00O a year
earlier.
Evening star., 1960-12-23
$ll3, !, Million 4 Building
In Montgomery Leads
Area in 11Months
BY DONALD b. HADLEY
Star Financial Editor

Montgomery County, Nd. led the Washington area with
NnoFe than Sis million Of building in the months
I this year.
The monthly survey Of the Census Bureau today listed
total construction Of the county at $1327000 for the
months. compared with $l0643 600 year earlier.
Residential work amounted to represented
SOs4 dwelling units compared with $50 900 and $3.50
! units year earlier
Demonstrating the transition Of Montgomery into a big
city IN is own right the listed Of commercial
and industrial building compared with 1900 in the
period last year.
Totals $SlA Million
Area construcon for the II months aggregated $s44
1STo0O an impressive Agure but behind
Included were $2O6 900 Of residential and 1887
dwelling units compared with 0Ss
year ago. Commercial and industrial construction totaed
Oa2.0O0. compared with S9,930yOOO
Fairfax County, We, ranked Montgomery County
n total construction with &72573OO compared with $sss27
!" 600 year ago.
Residential work Of $577l8ooo represented $3.50 units
compared with $24OO0 and sass units the same 1859
period Nonresdental building toed $l1s67OOO compared
with $lssSS.O00
:. District Il Third
The District Of Columbia third the area with $751;
N"S52000 OF total construction $596O00 year ago. Prince
Georges County was fourth with
Georges County Nd fourth with 900
and Arlington County Va, NTH with $2S 2OS0OO vs.
$4e.477OOO. "
for the same period last year.
Evening star., 1960-12-23
Offers
Dividends on
BIO Shares

CLEVELAND, Dec. % (AP)
Directors Of the Chesapeake
& Ohio Railway Co. have Of
fered to take additional shares
of Baltimore & Ohio Railroad
Co. stock in exchange for Gao
stock.
The directors at the same
time said Gao will pay "divi-
dends" to B&O shareholders
accepting the exchange offer.
Gao says some IS per cent
Of the B6sO stock already has
been rendered for exchange,
The board voted to make the
exchange binding If at the end
of a 30-day period beginning
January 3 Gao still has more
than so per cent Of B6OO shares.
B&O shareholders have the
option Of withdrawing their
stock from the exchange offer
in this period.
Additional shares may be
rendered during this period.
Beginning January !, the
Gao said, it viii begin accru-
ing the difference between
B&O's rate Of dividend and
C&O's rate Of dividend, based
on the exchange ration.
B&O Cuts Dividend
C&O's current dividend on
common stock is "a q year. B6O
yesterday cut its 1861 dividend
to go cents. from $1.50 q share.
At the exchange ratio Of one
shares Of Gao common to Its
shares Of B6SO common, the
C&O dividend is equal to 1928
a BIO share.
The dividend" win be paid
to BIO shareowners when the
stock actually Is EXCHANGED.
Since the Interstate Commerce
Commission must approve the
transaction. 1t could be quite
some time before any exchange
takes place.
The New York Central Sys-
tenn, which also seeks to merge
with BIO, said 1t will fight the
C&O application before the ICC
and will take the matter to the
courts If necessary. In q state
ment, an NYC spokesman
charged that control Of the
BIO by Chesapeake would be
detrimental to the public in
terest to Central and to the
B&O.
"Upping the Ante"
The spokesman also said
THE C&O is upping the ante
over and above what they pre-
viously announced to be the
reasonable basis for an ex-
change and what the Gao de-
scribed as its final offer.'"
Walter J. Tuohy, president
cepting c & O's offer during
would be a substantial increase
in the percentage Of shares ac-
cepting c. & O.'s offer during
the 30-day period.
Mr.. Tuohy also has indicated
that his original offer to enter
into studies Of a possible af-
f1liation Of the C6cO and New
York Central Railroads still
stands.
However, he has no intention
Of making q new approach to
the Central, it was emphasized
by q c. & o. spokesman yes
terday.
Evening star., 1960-12-23
Holidays to Trim
Auto Production

DETROIT, Rec. % (AP).-
Automotive News said early
holiday shutdowns will trim
domestic automobile production
to 1l4.294 units this week com.
pared with l3O.s2s last week.
In the similar week a year
ago 103,4l3 cars were built.
Truck production was esti.
mated at 1s.47l units compared
with 22,369 last week and 1887
q year ago.
Evening star., 1960-12-23
B&O Board Declares
Dividends for 1861

Directors Of the Baltimore
d Ohio Railroad yesterday
declared a dividend of $4 a
share for 1861, payable in four
equal quarterly installments Of
81 q share each on March 20,
June 10. September 18 and
December 18. 1861, to holders
Of record, respectively, on
February II. May 10, August
1S and November II. 1861.
They also declared q dividend
for the year Of go cents on COM
mon capital stock. payable in
three installments on March
20. June 10 and September 18,
1861. to holders Of record on
February II, May 10 and
August 10, 1861, respectively.
Evening star., 1960-12-23
Reynolds Rated Leader
In Cigarette Output

NEW YORK, Dec. % (AP).-
r. ]. Reynolds Tobacco Co
again rated first in cigarette
output in 1860, an independent
survey said today.
Harry Wootten. private con.
sultant on the cigarette indus.
TRY, said in the December q
issue Of Printers Ink Magazine
that the total foreign and do.
lmestic output Of Reynolds
amounted to 1853 billion ciga-
Irettes.
The company had 1922 per
cent Of the domestic market
In second place was Ameri-
can Tobacco Co. with 1885
billion cigarettes and 25.6 per
cent Of the domestic market
Then came Liggett g. Myers
with 64.3 billion and 11.4 per
cent.
Fourth was p. Lorillard with
53.5 billion and 11.0 per cent
and Brown q Williamson with
55.5 billion and 1912 per cent
was fifth. Brown & William
son topped Lorillard in total
output, foreign and domestic.
but had a smaller percentage
OF the domestic market).
PAGES the Industry
Reynolds makes Camel. VIM
ston, Salem and Cavalier Gig
arettes. OF the company, MIR.
Wootten said in part, "for the
past several years Reynolds has
set the pace for the cigarette
industry"
"m filter-tip Winston and
mentholated filter-tip Salem, .
MIR. Wootten said, Reynolds
has the largest sellers in these
two submarkets, and both
products command q substan-
tial price premeium over the
non-fllter regular-size cigar
cites.
'"The gain for Salem on the
mentholated market was prob
ably close to z billion cigarettes
GAS per cent?. The success of
this cigarette is the talk Of the
retail trade. It has apparently
the best growth curve in the
industry"
American Tobacco makes
Pall Mall, Lucky Strike, dual
filter Tareyton, Herbert Tarey-
ton, Hit Parade and Rivera.
Mr.. Wootten said, "The In
crease for dual filter Tareyton
is placed at IL billion cigar
cites (22.1 per cent?, the larg-
est percentage gain in the non
menthol field for 1860 and the
second largest among all of the
is top volume cigarettes"
Dominant in NOn-FiIters
American Tobacco, Mr..
Wootten said, had the DOM
inant position in the filter
field with Pail Mall, Lucky
Strike and Herbert Tareyton-I
just under so per cent Of the
industry wide sales in that
category.
Liggett & Myers makes Ches-
terfleld, L&M, Duke and Oasis.
Mr.. Wootten said the COM
pany "iS represented in all
types Of cigarette competition,
Evening star., 1960-12-23
CHICAGO
LIVESTOCK

CHICAGO, Dec. % (AP) (UsDA).-
HOgS, 5000; fairly active, butchers
Sery Se b,aPsv Uneven; weights under 230 lbs
weights over $50 lbs about steady:
sovs mostly 25 higher; mixed grade
1s2 and mixed 1-3 19O-220 lbs 1880
l9 90; 53 head mostly 1-2 promising
high yield Of lean cut 1925; mixed
2.3 and 3s 220-24O lbs 17.25-l8.25
with uniform lots 1-3 22O-230 lbs
$50 lbs 1851 so; mixed % and 3s
26O-290 lbs 16.50-17 90; mixed grade
1-3 and 2-3 300-400 b sows 13.50-
1880; mixed 2-3 and 3s 400-55O lbs
IL .50-13.75.
Cattle, 200: calves, none; small re-
ceipts include around 100 head slaugh-
ter steers on Q bought-to-arrive basis:
hardly enough Of any class on sale
for q price test; few sales steady; load
choice 1,225 ID steers 27.25; few util-
ity and commercial cows 14.75-16.25;
Gamers and cutters IL .00-1425; utif-
ity and commercial bulls 16.50-10.75.
Evening star., 1960-12-23
Dividend Is Declared
By National Union

Directors Of National Union
Insurance Co. Of Washington
have declared the 106th con-
Secutive semi-annual dividend
OF Is cents Q share, 1t was an
snounced by Raymond A, Du-
ssFour. president and board
Schairman.
s The dividend viii be paid
December 81 to holders Of reg
Cord December 10. Mr.. DuFour
. :
Evening star., 1960-12-23
Correction

The Citizens National Bank
Of Laurel plans to effect q SO
per cent stock dividend by dis
tributing one share for each
two now held and has author
lied a semi-annual bonus Of
two weeks pay. These facts
were given incorrectly in yes
terday'S column.
Evening star., 1960-12-23
CurIoodings Cut
By Snow Storms
BY the Associated Press

Freight carloadings dropped
to 486.059 cars last week. partly
as a result of snow storms in the
Central Eastern and North
eastern sections Of the Nation.
The Association Of American
Railroads said the loadings for
the week ended December II
were 81, ,594 cars, or 81 per cent
below the preceding week. The
total also was q decrease Of
1924 cars or 81 per cent
under the corresponding week
last year and q decline Of IS, ,O88
cars or 14.9 per cent below the
corresponding week in 1858.
The association said all dis
tricts reported decreases COM
pared with the corresponding
week last year.
Loadings by classifications,
With increase or decrease from
the previous week, follow:
Miscellaneous
freight - 26O,523 dec. Ie,5es
Evening star., 1960-12-23
OVER COUNTER

Following prices furnished By the
National Association Of Securities Deal
efs IN washington represent the range
within which locally active securities
could have been bought or sold ct
pm. Friday, December 81:
Evening star., 1960-12-23
FOREIGN
EXCHANGE

NEW YORK. Dec, % (AP).-ForeiEn
exchange rates (creat Britain and
Australia In dollars, others in cents
and demicalS Of . cent?:
Today Prev Day
Evening star., 1960-12-23
TREASURY BONDS

NEW YORK AP)-Noon over the coun.
Yer u. 5: Government Treasury bonds
bid, asked, net change and yield for Fri.
Evening star., 1960-12-23

said premium production IL
1860 viii set o new record.
Evening star., 1960-12-23
SBA LICENSES NEW AREA FIRM


The Washington areas sixth investment copanv was
licensed here yesterday LeftO right Philip Talbot board
Of Potomac Small Business
administrator the Small Administration: James c
president the Eugene Smith executive
presdent-Star Staff Photo. -
Evening star., 1960-12-23
MUTUAL FUNDS

!. NEW YORK (AP)
National ASsocia-
ticn Securities Deal
J Aea InN
Evening star., 1960-12-15
U. Rebuffs Reds
On Laos Protest
BY the Associated Press

The United States. rejecting
Soviet charges of United States
intervention in Laos. calls them
a propaganda screen for open
Russian airlifts of arms to the
civil war-torn country.
There was serious concern
here over the battle between
leftist and rightist troops for
control of the Laotian capital
of Vientiane and the possibility
that Communist North Wet
Nam troops may intervene.
United officials said there has
been no request from the new
pro- Western government Of
Laos for the protection of the
eight-nation Southeast Asia
Treaty Organization.
SEATO officials said that IL
North Wet Nam sends troops
across the border into Laos it
would be regarded as external
aggression. SEATO members
then are obliged to act to meet
a common danger in occord-
ance with their constitutional
processes.
The SEATO members include
the United States, Britain and
France, Thailand, the Philip
pines, Pakistan, Australia and
New Zealand.
Evening star., 1960-12-15
Masked Bandits
Beut, Rob Man

A Chevy Chase gas station
owner was Slugged early today
by three masked assailants who
took 500 from his pockets.
Alfred A. Bourgeois, owner
of AIS Sunoco Service Station,
$500 Connecticut avenue, told
police he was standing near
the cash register when the men,
their heads covered with hoods,
entered and struck him from
behind.
They were unable to open
the cash register which was
operated by an electric switch
which was not in operation at
the time of the pre-dawn hold
up. "
Mr.. Bourgeous. who lives at
l0805 Stella court, Kensington,
was taken to Suburban Hospi-
tai, where stitches were re-
quired for a long laceration on
his head. He was expected to
be released later today. ,
Evening star., 1960-12-15
RetriuI Ordered
In 80 Civil Suit

The Municipal Court of Ap-
peals has ordered a l0-year-old
civil suit back to court again.
The court yesterday ruled
that Mrs. Ida Cahan, of the
$500 block Of New Hampshire
avenue NV, is entitled to a
new trial to decide if she must
pay a real estate broker $787 so
she was ordered to pay by de-
fault seven years ago. or
The case began in February.
1850, when James G. Cokas.
trading as the Brightwood
Realty Co., sued Mrs. Cahan
for the commission for selling
her home.
Mrs. Cahan denied she owed
Mr.. Cokas money and a Mu-
nicipal Court trial was held in
1858. Mrs. Cahan failed to show
up in court and the real estate
firm won the money by de-
fault. 9
The matter apparently was
settled then. But it sprang UP
again last year when Mr.. Cokas
set out to collect the money
Mrs. Cahan claimed she had
never been notified of the Mu-
nicipal Court trial in 1858. Last
March she asked Municipal
Court Judge Harry L. Walker
to set aside the default judg-
ment. He refused.
The appeals court said it was
overruling Judge Walker be-
cause Of the unusual circum-
stances in the case"
Evening star., 1960-12-15

happens to their people because
Of the increased production.
Z BY way Of illustration. he
told of one Middle Eastern
country where production in
creased rapidly but the only
result visible to most Of the
people was that the money
lenders who had formerly COLI
lected their debts on horseback
now drove large American cars
as they made their rounds.
In reviewing developments
in the foreign aid field over
the past 10 years Mr.. Bowles
singled out for praise the pres
ent Undersecretary Of State,
C. Douglas Dillon. who has
been reported as Senator Ken
nedy's choice as Secretary Of
the Treasury.
Mr.. Dillon was also praised
in a speech prepared for a
luncheon session by former
New York Governor Averill
! Hartman.
Evening star., 1960-12-15

vided the best example in re-
cent years Of revolutions in
depths" He said the United
States must find new policies
that win keep the Communists
from gaining control Of future
revolutions.
But the former ambassador
to India and Connecticut Con-
gresham warned the task will
not be easy. He said land re-
form has been brought about
democratically in only tive
countries-Mexico and Czech
oslovakia--in the past Is years.
India. he said is trying to be-
come the third country to over
haul its basic economic system
without resort to dictatorship
Crucial Point"
Mr.. Bowles said the crucial
point" In the underdeveloped
countries Is not how much their
production increases but what
Evening star., 1960-12-15
-
Hospital Fugitive
Retuken After
Threat to Woman

FORT COLLINS, Colo, Dec.
Is (AP).-A fugitive from a
mental hospital with an un-
dying crush for an old flame
forced a postmaster at gun
point yesterday to take him to
her home. He threatened her
with death before his capture.
John N. Bradley, %. told au-
thorities: 20
Il had an obsession over her
since we attended Colorado
State University together in
1858. I've never been able to
get her out of my mind. came
to Fort Collins to talk with her
to see If I could get rid Of the
obSession that way"
The woman is Mrs. Natalie
Lyon, 26. Undersheriff Lee
Shipley quoted Mrs. Lyon as
saying she was not harmed
during Bradley's two-hour stay
in her home but that Bradley
asked her at one point IF I'd
like to go to heaven"
After two hours in the house
with Bradley, Mrs. Lyon and
her 3-year-old daughter man
aged to escape while Bradley
was in another room.
Bradley, who has lived in
Chicago. Denver and Washing.
ton. D. c., stalked into tie Of
flee Of Postmaster Walter H.
Wyss earlier and demanded
Mrs. Lyons street address. The
address is not listed in direes
tories because Bradley had
bothered Mrs. Lyons previ.
ously.
Brandishing a gun, Bradley
forced Mr.. Weiss to take him to
the home. =.
Evening star., 1960-12-15
40 Officials in AIgiers
Fired by Gen. de GouIIe

PARIS. Dec. is (AP).-Pres-
ident Charles de Gaulle began
q breakdown today on those
who openly oppose his self
determination policy in Algeria.
Forty government ofhcials in
the territory were fired and
Gen. Raoul Salan, a foe Of the
Gaullist policy, was ordered
home from Spain.
The officials in Algeria were
dismissed for joining In a
strike organized last week by
European settler groups who
demand that Algeria remain a
part of France. The strike set
of bloody rioting by both set
tiers and Algerian nationalists.
Defense Minister Pierre