davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-05-19
1405 G Street
Holders Elect

Stockholders of 1405 G
Street, Inc, which owns and
operates the Western Union
Building through Legum g.
Gerber Realty Co. manage
ment, held their annual meet
ing on May Is, 1860, in the
Willard Hotel.
Leonard Marks, prominent
communications attorney, was
elected president; David H. Le-
gum, vice president; Raymond
j. Gerber, treasurer, and Nor
rls D. Schwartz, secretary and
counsel. A new board of direc-
tors was also elected.
Mr.. Marks announced that
the Western Union Building
was fully occupied and operat-
ing more successfully than at
any time in its history and in
dicated that this was additional
proof that downtown real es-
tate fully justified the conf
dence of its investors.
Evening star., 1960-05-19
Ford Optimistic
On go Prospects

DETROIT, May 10 (AP).-
Henry Ford II, president of
Ford Motor Co., told his stock
holders today the company
viewed auto business prospects
in 1860 with conservative
optimism.
He said a spring market has
developed sufficiently to make
the year the second best for
the industry unless something
unforeseen happens. Ford said
the compact Falcon and Comet
are selling better than ex-
pected but he admitted that a
large part of the Falcons sue
cess has come at the expense
of the standard Ford car.
Mr.. Ford noted that smaller
American cars and imports
have increased from 4 per cent
to 30 per cent of the market
and said 1T seems safe to pre-
dict that this group will &C
count for an even larger share
in the future"
Evening star., 1960-05-19
Mrs. Yer Stondig Given
Award of Ad Women

Outstanding contributions of
Mrs. Helen Yer Standig to the
advertising business and phil
anthropic programs were re-
cited by friends and associates
at luncheon of the Women's
Advertising Club at the Willard
Hotel yesterday.
Mrs. Yer Standig, who is ex-
ecutive vice president and me-
dia director of NJ. Belmont Yer
Standig Advertising Agency,
was honored as the clubs "Ad-
vertising Woman of the Year"
She received a framed plaque
from Miss Kathryn Bowers of
the National Bank of Washing
ton, last years award winner.
Serving as master of cere-
monies, Mark Evans, vice presi-
dent of Metropolitan Broad
casting Co., pointed out that
Mrs. Yer Standig began her
career as an assistant news
paper publisher and has al
ways been a nonconformist in
the advertising business. Her
original ideas have contributed
to many projects, he said.
Marye Margaret HobSon, vice
president of the SoroptomiStS
Club, described Mrs. Yer STAN
dig work on programs to en-
courage youth and to gain en-
ployment for persons above so
years of age.
Mrs. Ethel FiStere. director
of Arthur Murray Studios. and
Norman Reed. vice president
of Station WWDC, Joined in
the tribute. Mr.. Yer Standig
and Mrs. Yer Standig's mother,
Mrs. Fredericka Van Stondeg.
were introduced.
In response, Mrs. Yer Standig
said the award was to her a
symbol of the wonderful CO.
operation of her friends over
the years.
Mrs. Ardria Lynham, director
Evening star., 1960-05-19
Mortgage Is Closed
On Apartments

A mortgage loan of Sl,290,- =
900 on the Glen Ross Apart
ments in Silver Spring was re-
Gently closed by the John Han
cock Mutual Life Insurance
Co.
Consisting of IS two-story,
air conditioned apartment
buildings, located on Lanier
drive, the development was
built and is owned by Nick
Basiliko and Jerry Wolman. 1t
contains l66 units and repre-
sents a total cost of approx
mately 81 million.
The loan was negotiated
through James w. Rouse g. Co.
of Washington and Baltimore,
mortgage correspondent for
John Hancock Mutual.
Evening star., 1960-05-19

Of the Washington School for
Secretaries, was elected presi-
dent of the club to succeed Miss
Patti Searight. Mrs. Lynham
has been first vice president in
the last year.
Other new club officers: Miss
Betty McIlvane, sales manager
of Courtesy Associates, first
vice president, and Mrs. Mary
Reed, administrative assistant
in advertising, The Star, second
vice president.
Elected directors were Mrs.
Betty Darling Dwyer of the
Henry j. Kaufman advertising
agency; Miss Ann Mulcahy,
The Star; Mrs. Violet H. Dud-
ley, Mercury Press; Mrs. Helena
F. Massey, Massey Shoes: Miss
Lynette Weitzel, Capital Air
lines; Mrs. Laurese Gordon,
Station WTOP, and Mrs. Mar
garet Scott, Data, Inc.
Evening star., 1960-05-19

their borrowing is not on a
scale to cause a credit squeeze.
This is general prosperity, but
not boom.
Another reason the money
picture has shifted is that the
Treasury is not competing for
loans as it did last year. and
therefore there is more money
in the kitty" for other types
OF borrowers. In 1859, when the
budget was so violently out Of
balance, the Treasury had to
tap the market again and again
for cash. AS it did so. it abb
sorbed money that otherwise
would have been available for
businessmen, homebuilders, ETC.,
and the size of its demands
helped push up borrowing rates.
But the budget is balanced now.
The Treasury is not a competi-
tor for money.
A third reason is that Fed
eral Reserve System, in recog-
milton of the changing economy
and disappearance of an infia-
ton psychology, has distinctly
shifted its policy away from a
heavy clamp-down on credit,
1t is permitting the easier con-
ditions in the economy to be
translated into easier condi-
tions for your loans.
The odds are against another
credit squeeze unless and until
we take off on a new boom or
imitation spiral. Neither is in
prospect now.
distributed 1860 by The Hall syndi-
cate Inc. All Rights ReservedJ
Evening star., 1960-05-19

in the previous fiscal period.
The company opened 237 new
retail outlets in the year, mod
ernized Alb and closed 213. The
store total at the years end
was 1875 in 81 States.
The company opened its 21st
food market in this area last
December and has three more
under construction.
Large markets now are being
built at Wheaton and Park
land. Nd, and IN Fairfax
County, Va. They are expected
to be completed before the end
of the wear.
Evening star., 1960-05-19
PEOPLE
BUSINESS

Milton NJ. Mulitz, president
of Potomac Iron Works, Inc,
Hyattsville, Md, was elected to
the executive committee of the
iron and steel division of the
National Association of Archi-
tectural Metal Manufacturers.
Arthur T. FairclOth has been
named sales manager of Sta
ton WRC-TV. He has been
with the station since 1852.
Carl r. Henry has retired as
manager of the Washington Of
fee of the Oliver Corp. He will
operate his own private con-
sulting firm and will have
Oliver Corp. as a client.
James P. Newell, vice presi-
dent of the PENNSYLVANIA Rail-
road, was sworn in here today
as a member of the United
States Commission in the Pan
American Railway Congress As
sociation.
G. William Elder, ir., gen.
eral industrial agent for the
Southern Railway System, will
move his headquarters from
Washington to Louisville, KY.
He will be in charge of the
Southern's industrial develop
ment in Illinois, Indiana and
Kentucky.
Edward r. Carr, Inc, leading
realty firm, has named LARA
bee Associates Advertising
Agency to handle advertising
and promotion for the North
Springfield and West SPRING
field development in nearby
Virginia.
William Bresnahan of Wash
ington has received a special
service award from Maico
Electronics, Inc.
Evening star., 1960-05-19
Lee Roberts Heads
Lumber Group Here

Lee F. Roberts. vice president
of Roberts Lumber Corp, has
been elected president of the
Washington Hoo-Hoo Club, or
ganization of dealers and others
in the lumber industry.
Other officers include F. w.
Radue, w. T. Galliher & Bro,
Inc, vice president, and George
A. Brinsko. Lamar Wallace,
Inc. treasurer.
New directors include: c. w.
Evening star., 1960-05-19

Adams. Ewing Lumber & Mill
work Corp: Henry c. Curtis,
Curtis -Hearn Lumber Co.: Paul
L. Deibel, Pentagon Lumber
Co., Inc; Bernard c. Hartung,
National Lumber Manufac-
turers Association; j. A. Porter,
J. A. Porter Lumber Co., and
Erskine c. Worden, Worden
Lumber Co.
Immediate past President E.
.C. Worden, Worden Lumber
Co., becomes chairman of the
board of directors.
Evening star., 1960-05-19
Earnings

General Foods Corp. in 3
months ended March 81 earned
SOL OIL 900 or $4.96 a share, VS..
$54,l45.00O or SAP in 1853
period
Southern Co. in IL months
ended April 80 earned S44, SIS :
SAT or $1.98 a share VS.. $39,-
580,578 or $l.76 in 1859.
Caterpillar Tractor Co. in 4
months ended April 30 earned
$l2,743,944 or 46 cents a share
VS.. $l6,779.345 or 81 cents in
1859 period.
Miami Copper Co. in year
ended December 81 earned S4,-
322.5l5 or $3.50 a share VS..
$l,450,916 or $1.97 in 1859.
Singer Mfg. Co. in 3 months
ended March 81 earned $780, =
900 or S1.30 a share, up 129s
from the year-ago figure.
warner Bros. Pictures in s
months ended February 81
earned $3,422,OO0 or $2.27 a
share VS.. S4,626, 900 or S2.9l in
1859 period.
National Tank Co. in 6
months ended April 80 earned
$l,538,342 or $1.0l a share VS..
$l,156,956 or rs cents in 1859
period.
Paramount Pictures Corp. in
13 weeks ended March 81
earned $945, 900 or 81 cents a
share VS.. $1,318,oOO or rs cents
in 1859 period.
RaybeStOs Manhattan in 3
months ended March 81 earned
1886, ,168 or $1.56 a share VS..
$9l2,708 or $1.45 in 1859 Pc
riod.
HOudaille Industries, Inc, in
g months ended March 81
earned $l37,901 or 2 cents a
share VS.. s1O8,195 in 1859 Pc
riod.
Evening star., 1960-05-19
Hotel Corp. Files
Debenture Offerinq

Hotel Corp. of America has
filed a registration statement
with the Securities and Ex-
change Commission covering
proposed offering of SIS mil
lion of convertible collateral
trust debentures through a
group headed by Bache e. Co.
and Bear, Stearns & Co.
The debentures will be due
July l, 1872. The interest rate
and price will be supplied by
amendment.
Evening star., 1960-05-19
B&O Moves to Drop
Its Diplomat Truins

ST. LOUIS, May 10 (AP).-
The Baltimore and Ohio Rail-
road wants to discontinue Its
Diplomat passenger trains be-
TWEEN st. Louis and Baltimore.
The railroad has filed petit
tionS for discontinuance with
State regulatory agencies along
the route.
One Diplomat leaves st.
Louis each afternoon and an
other arrives.
Evening star., 1960-05-19

with much smaller coverage)
that Labor Department study
shows business has not yet
fully digested.
The proposal would amount
not to setting a wage floor but
to wage fixing, the National
Chamber charged.
Chamber spokesmen were
Eugene B. Snydor, jr.. preSi-
dent, Southern Department
Stores, Richmond, Va, and DR..
Emerson P. Schmidt, Chamber
economist.
Evening star., 1960-05-19
YOUR
MONEYS WORTH
Shop for Loans Now
BH SYLVIA PORTER

The peak of borrowing costs
for this cycle has been seen.
The fierce credit squeeze which
dominated the economy re-
Gently is over.
The trend is toward a greater
availability of money for loans
to corporations, individual busi-
men, homebuyers, homebuild-
iers, State and local govern
mentS.
The trend also is toward at
least slightly less expensive
rates and less rigid restrictions.
If you expect to need money
for a project in coming months,
now is the time to start shop
ping around for the most ia
vorable terms to you. BY the
time you make deal, you may
be pleasantly surprised at the
savings in comparison with
what a loan would have cost
only a short while ago.
Conditions Changing
If you shelved modernization
or expansion plans earlier this
year because of the credit
pinch, now is the time to re-
consider your plans. The atti-
tude of lenders may be much
more sympathetic.
If you were turned down on
a loan request during the
credit squeeze, now is the time
to go back to your sources, re-
apply. Lenders are scarcely
hungry" for loans, so the
probability is they won't ap-
proach you. You should take
the initiative.
If you are in the market to
build or buy a house, now is the
time to check the signs of
changes not only in the avail
ability of mortgage money, but
also its cost. Authoritative re-
ports are that mortgage rates
are beginning to decline a bit;
areas which were charging 7
per cent or so on conventional
mortgages are moving back to
Ga; areas which were charging
612 are moving back to 614: a
few 534 per cent loans are being
noted in the 6 per cent areas.
Down payment and repayment
loans are becoming a little
easier. too. And discounts on
FILA and VA mortgages have
shrunk. The changes are
modest, but they're in favor of
the borrower and that's the
vital point
And if you agreed to ex-
tremely stiff loan conditions
last year because your alterna-
tive was meet the conditions
or go away empty-handed, now
is the time to inquire whether
the conditions can be liber-
allied a bit. They won't be un-
less you ask.
Demands Easing
One reason the money pic
ture has shifted is that while
business is good, it's not
booming and the demands for
credit are not as massive as
anticipated. Corporations are
not scrambling for cash to fin
ance inventories and expansion.
Homebuilding is down and so
is the need for mortgage money.
Consumers are borrowing freely
to buy big ticket items. but
Evening star., 1960-05-19
METAL PRICES

NEW YORK, MAY la tAPl-spot
honieTrous metal prices today: Cop
Valley. Lead II cents a pounS N.v
York. Zinc 13 cents a pound, East
s.. Louis, Tin aa7s cents a pound
New York. Foreign silver aiss cent.
per troy ounce, New York Pittsbursh
scrap steel No ] heavy was quoted by
Iron Age at "a OO-35 90. N "
Evening star., 1960-05-19
Merger Step
Taken nbyB&0
And C&0
BALTIMORE. May 10 CAP)

BALTIMORE. May I9 CAP)
Two of the Nations major
railroads, the Baltimore g. Ohio
and the Chesapeake g. Ohio,
have made their first move to-
ward merging.
Boards of directors of both
lines have approved a pro-
posed stock exchange. 1t still
must be concurred in by stock
holders of both roads and by
the Interstate Commerce Com
mission.
A joint announcement from
President Howard E. Simpson
of the Baltimore g. Ohio Rail-
road Co. and President Walter
j. Tuohy of the Chesapeake g.
Ohio Railway Co. was made in
Baltimore last night after a
meeting of the B61O board in
New York.
Terming it the first step
toward a merger of the two
properties" the announcement
said the proposal was for "an
exchange of shares of Chesa-
peake & Ohio common stock
to all holders of Baltimore &
Ohio preferred and common
stock on the following basis:
"One Chesapeake & Ohio
share for each one share of
Baltimore g. Ohio preferred;
one Chesapeake & Ohio share
for each 134 shares of Balti-
more & Ohio common"
No Surprise in Move
1t came as no surprise.
Mr.. Simpson disclosed April
% that informal discussions
about merger possibilities had
been going on for two years
among the BIO, C6O and New
York Central.
IF railroads continue to op-
crate singly," he said, I'VE will
all be weakened by what we
call subsidized competition
competition Of trucks operating
over tax-built highways and
bargeS floating down tax-free
waterways"
At that same time, Mr..
Tuohy told a Gao stockholders
meeting in Williamsburg, Va,
that "l30 railroads in America
are too many" He said his
company also was looking into
mergers.
B&O Is Nations Oldest
The BIO, the Nations oldest
railroad, has headquarters in
Baltimore. The C&O, with
headquarters in Cleveland, is
the largest coal-carrier in the
country.
At the last annual meeting
of its stockholders, last Novem-
Der, the B&O declared 1860
dividends of 81 per share on
preferred stock and $3.50 per
share on the common. The
same amounts were paid in
1859.
The C&O pays 81 annually
on its common stock.
In its financial report for
April yesterday, the Baltimore
and Ohio reported net income
of 1854, 900 for the month after
suffering heavy losses in Feb
ruary and March because of
wintry weather.
Evening star., 1960-05-19
A6P Sales, Profits
Off Slightly in Year,
Area Stores Expand
THE EVENING STAR
BY DONALD B. HADLEY
Star Financial Editor

The Atlantic and Pacific Tea Co. which a grow
ing store in this and stockholders had net
income of S5 996369 S33 share the fiscal ended
last February 81 annual report from Ralph W. Burger
board chairman and president. revealed today.
The years behind $50 905l70 $242 share in
the preceding year.
Sales totaed IS compared with 3sl
Evening star., 1960-05-19
FOREIGN EXCH'GE

NEW YORK. May 10 tAP).-Foreien
eXcnange rates Great Britain and
and decimals of a cent?:
Canada in N D"'
Evening star., 1960-05-19
OVER COUNTER

Washington listings on over-the-
counter markets furnished BY the Ma
tional Association of Securities Dealers
as OF l pm Thursday, May 10:
Evening star., 1960-05-19
TREASURY BONDS

NEW YORK, May 10 CAP).-Yester.
GAYS closing over-the-counter United
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1960-01-15
FUTURE BRIGHT?

Variety" says that the
big Beat" is taking a beat
ing, and that ought to be good
news for several million who
have been waiting for the day
when music will return to the
records. This time of year is
usually the slow time for the
record companies, and the
listing of only three records
shows that to be a fact, but it
may show more than meets
the eye. Perhaps the men and
women who have been making
a good living singing are
just about ready to get back
to work actually singing some
thing that will be a contribu-
ton to popular music. The
past few years the junior high
group has been having all the
attention, and things have got
ten to be very drab and sad.
Drab is bad, but the sad part
is much worse, because the
tots have been fed on the idea
that they are bachelors and
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1960-01-15

dlIu WlLiiOuL spot DeIOre the
Lord thy God" (Deut. 1890
That means all out effort,
and effort that must be
brought to bear upon our
lives today, tomorrow and al
ways. There is not going to
be some minor miracle two
minutes before our death
that will make us perfect
and without spot. We have
to keep on pushing, for we
shall die as we live. How else,
pray tell?
S~acramentals like medals
and your own rosary are little
things that really mean a lot.
Be sure to treat them with
the respect due them espec-
tally when they seem to get
in the way and point up the
fact that We are Catholics.
No one is going to respect
you if you fail to respect what
you should stand for. Any
time that such marks of your
faith get in the way, you are
headed for trouble.
UNITY OCTAVE
The Chair Of Unity Octave
runs from January Is to the
25th. This year it seems doub-
ly important that you take
part in this octave of special
prayer. Pope John XIII has
called our attention to it, and
it fits right in with his plans
for the unity of all who pro-
fess to believe in Christ. Your
prayers can do much more
than you imagine when it
comes to joining them with
millions of others all over
the world.
Perhaps there is not a par
ish choir in the land that
does not need a few more
good voices. If you qualify
why don't you step right up
and offer your services? Be-
ing a member of your parish
choir is one of the greatest
means you have at your dis
posal to give fitting service
to God. An old quote that too
many have not heard is HE
who sings well prays twice"
and that ought to be right
down the street of those of
you who are crying for more
active participation in lit
urgy.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1960-01-15
DU Rr~oives
Acc Giant

DAYTON, O.-NC) The
University of Dayton has re-
ceived a $4,000 grant from
the Atomic Energy Commits
sion to purchase a nuclear re-
actor.
The grant will also include
the establishment of a labor
atory in Sherman Hall of Sci
ence and other equipment for
a nuclear education program.
DR.. Leonard Mann, S.M., dean
of science, said the reactor
will be obtained and the lab
oratory in operation by next
September.
The equipment being made
possible by the Acc grant will
be used for a new course,
which will be of particular in
terest to mechanical and
chemical engineering students
as well as physics and chem
istry majors, DR.. Mann ex-
planned.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1960-01-15
Loafing Students Called
Parasites By Bishop

NC)
Students who loaf their way
through school were describ-
ed as parasites" by Bishop
John King Music of Steuben-
vile.
Schools on every level are
infested with these parasites,
who masquerade as students
but in reality are nothing but
hangers-on," Bishop Music as
serted.
The Bishop declared that
even "C'' and "B" students
may fall into the category Of
parasites" if their God7given
abilities are such that they
could achieve far higher
grades. These students, he
said, are manifesting "indif-
ference and even opposition
to scholarship"
Bishop Music commended
the action of Amherst Mass.)
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1960-01-15
Young Adult BowIing
SINGLES
Hi-DIvISioN
North Eastern League


st. James 36, Our Lady of
Peace "a.
Immaculate Conception As,
Holy Name 81.
st. Francis 80, st. Augustine
80.
South Eastern League
st. Mary M~agdalene Nc. l,
So, st. Thomas 40
Corpus Christi a, st. Leo
AZ
st. Catharine Al, Lancaster
st. Mary 40.
North Western League
st. Andrew So, st. Aloysius
28
st. Agatha so, st. Mary
Magdalene No. 2, IA.
Our Lady of Victory so, St.
Christopher 90.
YOUNG ADULT
Rosary IS, st. Augustine "a
Cathedral Al, st. John the
Baptist 81.
Lancaster st. Mary IS, st.
Mary Magdalene %.
JUNIOR
st. Catharine'S 81, st.
Johns Is
Christ the King 81, Holy
Spirit il
st. Ladislas Is, st. Mary IL
Corpus Christi 26, St. Leo's
Is
Holy Rosary 80, st. Thomas
is
Our Lady of Victory "a, St.
Mary Magdalene %
ST. Dominic %, st. Aloysius
IA
st. Christopher %, Holy
Family 8
st. Agatha %, st. Augustine
On
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1960-01-15

old maids if they weren't go
ing steady in sixth grade.
Really, that's the theme. 1t is
high time that we get back
to popular music that can re-
main popular for months, and
gradually move into the stand
ard class. Stereo is going to
help, and it is well on its
way for last year people spent
one hundred million dollars
on stereo recordings.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1960-01-15
Peoria Is Site
OF NCEA Meet

PEORIA, Hl.-NC) The
Department of School Super
intendents of the National
Catholic Educational AsSocia-
ton will meet here October
Is to 81, 1860, in a break with
a ten-year tradition of meet
ing annually in Washington,
DC.
Announcement of the plan
ned gathering of the nations
Catholic school system heads
was made by Father John j.
Sweeney, superintendent of
Peoria diocesan schools. Head
quarters will be the Pere Mar
quette Hotel.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1960-01-15
Sports
Continued from page 81

continued from page 81
So, but came back to take the
measure of Millersport, 58-47.
Mt. Vernon st. Vincent con-
tinued to take its Jumps as the
Blue Streaks lost their 10th
without a win, 1851, to Kill
buck. 1t was Kilbuck's 10th
win in IL starts.