davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-07-27
New Car Sales
Score q Gain

DETROIT, July 81 (AP).-
New-car sales in mid-July were
the best for the period since
1865. Wards Automotive Re-
ports said today.
The statistical service said
the average daily sales of 19,707
from July II through July 20
marked only the second time
this year that current sales
have bettered those of the SIM
liar period of 1860. The other
occasion was the final 10 days
of May.
1t was the best mid-month
performance of the year and
was in sharp contrast to the
opening 10 days of the month
when sales dropped to their
lowest ebb since February.
Total sales of domestic cars
were estimated at 177,368 units
of which a record 37.7 per cent,
or 66,784, were compact models.
Wards said General Motors
accounted for 43.7 per cent of
the sales compared with 51.2
per cent in the middle 10 days
of June; Ford 38.9 per cent
compared with 30.3 per cent;
Chrysler lib against 10.4;
American Motors 5.3 against
IL and Studebaker-Packar
0.8 against 10.
Evening star., 1961-07-27

exceed the same period of last
year.
Seventy-three per cent of
those surveyed expected their
companies to obtain higher dol-
lar billings during the second
half of this year than last
year while only nine per cent
look for a decline.
Forty-three per cent of the
companies anticipate an in
crease in their factory work
force during the balance of the
year. Slightly more than half
plan no significant change
from their current level and
6 per cent expect to have few
er production workers by the
end of the year.
Forty-two per cent of the
manufacturers said their 1861
capital outlayS will exceed
those of 1860, "a per cent plan
to spend about the same and
"a per cent expect a reduction.
Evening star., 1961-07-27
ewCopter
Firm in Race
For Permit

D. C. Helicopter Airways, Inc,
is the latest firm to be organ
lied for entry in the race to
supply scheduled helicopter
service in the Washington
Baltimore area.
Prominent area business and
professional leaders are on the
board of the new firm, which
has opened offices at 1701 K
street NV.
Chartered in Delaware, it is
an applicant in the proceeding
pending before the Civil Aero
nautics Board for a certificate
authorizing scheduled helicop-
ter service in the Washington
Baltimore areas. At least seven
other applications have been
filed.
Colin H. Mcintosh of Alex
andria, former special assistant
to the Secretary of Commerce,
was elected president Of the
company at an organization
meeting yesterday. Mr.. Nc
Intosh also was formerly vice
president of operations for
Allegheny Airlines.
In recent years he has been
a consultant for short-haul air.
lines. including Chicago He'll
copter Airways.
Leonard M. McCombie was
elected vice president of opera
tions and Creston Tysdale was
named vice president of main
tenance. They combine 26 years
of experience in helicopter op-
erations and Mr.. McCombie is
"a helicopter instructor. He
has had more than 4,100 of
helicopter flying.
Robert Swezey, Washington
attorney and former special
assistant to the Secretary of
Labor. was elected secretary
treasurer.
Directors include: Thomas
Carroll, president of George
Washington University; George
Ferris, sr., of Ferris & Co.; Rob-
ert E. johnson, board chairman
of Woodward & Lothrop; Rob-
ert Suggs, president of Petrol
cum Helicopters, Mr.. Mcintosh
and Mr.. Swezey; Harrison Gar
rett of Robert Garrett & Sons
Baltimore investment bankers;
Donald Bittinger, president
Washington Gas Light Co.;
Maurice Bayon, vice president
Petroleum Helicopters.
Acting as voting trustees for
stockholders of the company
are: Daniel w. Bell, board
chairman of American Secu-
rity & Trust; Myron Cowen
Washington attorney and for
mer Ambassador to Australia
and Belgium, and James McEl-
roy, director and former pres.
ident of the First National
Bank of Baltimore.
Evening star., 1961-07-27
GM2dQudrter
Net Picks Up

NEW YORK, July 27 (AP).
Business improved in the Sec
ond quarter but General Mo-
tors Corp. suffered a severe
drop in profits in the first half
of this year.
General Motors Chairman
Frederick G. Donner and Presi-
dent John F.. Gordon said yes
terday. in reporting earnings,
the second quarter pickup was
substantially above the nor
NAL seasonal pattern.
"The improvement in gener-
al business activity in the
United States gained momen-
tum in the second quarter"
they said. THE United States
automobile business responded
strongly to this improvement"
General Motors, biggest Of
the automakers, made a Profit
of $440 million. equal to $1.53
a share, against $612 million,
or $2.15 a share in the 1860
first half.
With the demand for cars
growing in the second quarter,
earnings amounted to 1882
million, equal to 88 cents a
share, compared with $287 mil
lion, or Sl.0l a share, in the
like period year ago. In the
first quarter of this year the
company earned S188 million,
or 65 cents share.
First half sales totaled S.
8I2,OOO,OOO, down from ST.
109,000,000 in the first six
months of 1860. In the second
quarter, sales amounted to $3,-
088, ,000,O 900, compared with S.
045, 100000 a year earlier and
50, ,724 100000 in this years first
OI1orfn nY.
Evening star., 1961-07-27
PEOPLE
IN
BUSINESS

Neil J. Cantor has been ap-
pointed vice president, sales,
and Roland d. McRae as secre-
tary-treasurer of the American
Music Guild, Inc, a subsidiary
Iof Space-Tone Electronics
Corp.
Russell E. Ellis has been ap-
pointed district sales manager
for Trans World Airlines in
Washington.
Mrs. Sara Ewell has been ap-
pointed a clothing buyer for
Lansburgh's stores in Washing
ton. Langley Park, Md. and
Shirlington, Va.
William v. McRae, jr., has
been named eastern regional
manager of the Gerber Scienti-
fic Instrument Co., with offices
here.
Richard E. Fisher has been
elected vice president and di-
rector of public relations for
Northeast Airlines.
Maurice G. Kendall, professor
Of statistics at the University
of London and president of the
Royal Statistical Society, ha.
been named to the board o1
C-E-I-R-, Ltd. in London.
Robert L. Hubbard and Ed.
gar r. Terry have Joined the
Operations Evaluation Group Of
NIT, Washington research
staff. The Group does analytica
work in such areas as air anc
submarine warfare. Mr.. Hub.
bard received a doctorate il
physics from the University o.
North Carolina this year. Mr.
Terry formerly was a senior
mathematician at Vitro Labora.
tories.
Doris T. Hall has been ap,
pointed executive secretary O.
the Printing Industry of Wash,
ington, D. C. She has been 6
staff member since 1851.
George M. Ferris, jr., man,
aging partner of Ferris & Co.
brokers, is lecturing this weel
on investments at the Chau
tauqua Institution, Chautau
qua, ~ Y.
Obey N. Erlenmeyer has beel
named director of sales TO
Stone Filter Co. of Washington
He previously was president o
Erlenmeyer Associates, Inc.
Evening star., 1961-07-27
Vitro Corp. Posts
Increase in Profit

The Vitro Corp. of America
today reported a hefty increase
of rs per cent in net income for
the first six months, but a
decline in gross sales.
Net income was $978,365 or
81 cents per share for the
period, compared with S546, 1893
for the first half of 1860. But
this years gross was $23, ,323.7l6
versus S3O,480,351 in the like
period last year.
The company operates a large
facility in Silver Spring as well
as plants in half a dozen other
cities. Frank B. Jewett, jr.,
company president. explained
that the higher net earnings
were due to elimination of dis
continued, Improbable opera
tions. The firm is now engaged
heavily in such defense work as
engineering for the Polaris,
missile and space telemetry,
and anti-submarine warfare.
Evening star., 1961-07-27
National Banks
Increase Assets
By the Associated Press

Total assets of national banks
increased $6.3 billion between
March Is, 1860, and April IL,
1861 the controller of the cur
rency reported.
Assets of 4,523 banks
amounted to $136 billion on
April IL. Deposits on that
date we're $121 billion, an in
crease of $6,365, 100000 from
March Is, 1860. Gross loans
and discounts of $65 billion
showed an increase of $3,351,-
100000.
Commercial and industrial
loans increased 81 billion dur
ing the year to 23,630,000 900.
Total capital funds of the
banks on April IL amounted to
$11,346,0O0,OO0 equal to 9.3
per cent of total deposits.
These funds were 5000 million
greater than in March, 1860,
when they were 81 per cent
of total deposits.
Evening star., 1961-07-27
D. c. Hotel Business
Shows 3 Pct. Gdin

A survey of Washington ho-
tells showed that total business
during the first half of 1861
rose 8 per cent above the total
for the like period last year.
Horwath & Horwath, public
accountants, also reported their
survey showed the hotels en-
ioyed Is per cent more sales in
all departments in June over
the same month last year.
The survey was based on IL
Washington hotels, and showed
that they Jared better than the
Nationwide average. For the
country. hotel business dropped
by 3 per cent in June from
the same month last year, and
declined by 4 per cent in the
first six months compared with
1960's first half.
A breakdown showed the Dis
trict hotels in the first six
months of this year gained 6
per cent in rooms occupied, 10
per cent in restaurant sales in
cluding a 10 per cent rise in
food and ID per cent increase
in beverage sales.
The survey noted that "how
we'll or poorly hotel did in
June appears to have depended
upon location to an unusual
extent"
Washington ranked second
highest in the Nation in oc-
cupancy of rooms during June
Evening star., 1961-07-27
Donaldson Named
Pharmacist. of Year

John E. Donaldson. director
of prescription departments for
Peoples Drug Stores, Inc, has
been named pharmacist of the
year by the D. c. Pharmaceuti-
cal Association.
The award was presented by
Charles N. Grub, association
president. Mr.. Donaldson also
received a trophy for a winning
window display at Peoples Drug
Store, 18th and G streets NV.
Evening star., 1961-07-27
Pennsylvania RuiIroud
Hos Sl7 Million Loss

PHILADELPHIA, July 81
(AP).-The Pennsylvania Rail-
road today announced a deficit
of $17,785,600 for the first six
months of this year, compared
with net income of $285, 300 for
the same period of 1860, equal
to .02 a share of common stock.
The railroad said that net in
come for June, 1861, was $515,-
500 compared with a deficit of
$409, 100 for June of last year.
Revenues last month were
500, 703,500 down 81 per cent
from the $74,722,900 gross for
June of 1860.
Evening star., 1961-07-27
Motorists Facility
Ready on Parkway

The rapidly growing corridor
between Washington and Bal
timore has a new SIS million
installation offering food and
lodging for motorists. The re-
Gently completed Colony 7 Mo-
tor Inn and adjoining Schrafft's
Restaurant, furnished by Re-
we're Furniture & Equipment
Co. of Washington. is located
at the Annapolis junction exit
off the intercity parkway.
The 9.2-acre site offers pri-
vate and banquet facilities, 100
room units and swimming pool,
Evening star., 1961-07-27
Baltimore Deposits
Down SCI Million

Deposits in Baltimore's II
commercial and savings banks
are down by more than SOL
million from the close of fiscal
1860, a tabulation shows.
Deposits as of June 80 to-
tailed ST, BAT, ,943, 900, a decline
of SCI, ,942,20O from the same
date a year earlier. Some sec
tions of the city have been
experiencing a drop in retail
trade, and a deterioration in
some residential areas also af-
fected deposits. according to a
news service report.
Evening star., 1961-07-27

prepared by the Science Bu-
reau, an arm of the Metro
politan Washington Board of
Trade.
Within its covers a visitor
may find, for example. a COM
pany to do market surveys in
Egypt Middle East Research
Associates. commercial stu
dies of atomic energy Galaxy.
Inc.D, and drug tests on white
mice Woodward Research
Corp0.
300 Scientific Groups
The guide shows that more
than 10000 persons are en-
ployed by 300 scientific or
ganizations here, including 100
research and development COM
panieS.
The Washington area now
has the highest density of
scientific personnel per 1000
population of any section in
the country, the Bureau re-
ported.
The work was prepared un-
der the direction of Gordon
Kennedy, Jr., Science Bureau
manager. DR.. Alfred E. Brown,
president Of Harris Research
Laboratories, is chairman of
the Boards science committee
responsible for the program.
Gives Dates on Firms
Contents include data on $50
societies and associations. 80
libraries with IS million techni-
ical volumns, 80 government la
boratories and a statistical sum-
mary of the various area groups.
In a press conference this
morning, John w. Thompson,
Board of Trade president. and
Mr.. Kennedy pointed out the
study not only shows rapid
growth of R & D companies
here but that Washington now
is "an important national GEN.
ter for Recommendation re-
search"
Single copies of the directory
are available at So apiece from
The Bureau at 1916 K street NV.
Evening star., 1961-07-27
Food Fair
Posts Record
Earnings

PHILADELPHIA, July q
(AP) Record earnings of SILL
865,41 were reported today by
Food Fair Stores for the year
ending April 90. This amounted
to $2.15 a share, compared to
.$2.08 a share on earnings of
$11,395,538 for the previous
fiscal year.
The company said sales
totaled $84O, ,180,O62, also a rec
ord, against $771,171,733 the
year before.
Food Fair said it now was
operating 437 supermarkets in
10 Eastern States, and plans to
open As new stores in the COM
ing fiscal year.
Evening star., 1961-07-27
Penney Opening
Five Stores

NEW YORK, July 27 (AP) L.
j. C. Penney Co. planned to
open five stores today in Vir-
ginia, Pennsylvania, Mime
sofa and Kansas. New stores
are to be in Roanoke, Va. and
Erie. Pa. The other three are
relocations of existing outlets.
They are in Salina, Kans.,
Minneapolis, Mimi, and Gov
ington, Va.
The company said stores in
Marion. Ohio, Oxnard, Calf,
and Duncan, Okla, also were
scheduled to open additions
during the day.
Evening star., 1961-07-27
YOUR
MONEYS WORTH
Peace Key to Initiation

Assuming this so called
peace continues, there is no
basis for a renewed initiation
ary upswing.
Assuming that the Berlin
showdown doesn't explode into
a global catastrophe, there is
every reason for anticipating
a prolonged phase of price
stability.
Why should we be hit by a
new inflationary blowoff -
when every significant eco
nomic-financial force influence
ing prices is working against
this?
There is no surplus of money
and credit chasing a scarcity
of goods; rather. while there
is plenty of money and credit
IN the hands of businessmen
and consumers, there are
plenty of goods in the hands
of businessmen and consumers,
too. There is no pent-up de-
mand for big-ticket items as
there was in the late 1940s,
There is no clear need for a
catch-up in wages and prices;
rather, wages and prices in
most fields have more than
caught up.
Competition Fierce
There is no easy-to-get-and-
give atmosphere in industry
today; rather, competition is
the fiercest in memory and
this tends to hold down prices
AS for the budget, while that's
out of balance, it's not out OF
balance on a sufficient scale
to stimulate initiation and it's
not expected to be.
The answer to the question
"why?", then, is there is nc
reason why-except you"
If you decide to go off on g
tear, senselessly try to hoard
goods against an unknown
danger and by your own hys-
terra, stimulate hysteria among
businessmen and union leaders
You are usually not a sense
less, hysterical consumer. Ir
fact, you tend to act with more
sense and less hysteria in the
marketplace than most in
dustrialiSts.
You are usually not an uni
formed, stupid individual. Ir
fact, you are demonstrating
your knowledge of how ample
goods are now, and your aware
ness of prices, and surely, vol
Evening star., 1961-07-27
CHICAGO
LIVESTOCK

CHICAGO, July 81 (APp CUsDAl. -
Hogs $500; active, butchers and sows
mand: mixed 10 2O0-230 ib butcher
1s. 1919. 90; Liberal showing at 1900:
bulk mixed 1-3 190-25O ID 1926
1878: weights over $50 lbs vers
scarce; shipments 3s around 3l5 lbs
at 200: mixed l-3 170-190 lbs Il so
1925 mixed 1-3 100000 lb sows
14.15-16.15: mixed 2-3 400-55O lbs
13.25-I5.00
Cattle 1000; calves rome: slaughter
steers and hsifers. steady to strong
other classes scarce load lots good
and choice 900-1 800 ID steers 21.25-
at $3.50; Utility and Standard 1850
2O.5O; few good and low choice
heifers 20.00-22 90; utility and stand
ard 15.O0-19.5O: cutter, utility and
commercial COWS 13.50-16.5O; Gamers
12.00-14 So; utility and commercial
bulls 17.O0-20.50: a few good vealers
% 90; 'oad Of mostly choice S62 ID
feeding steers 90 S.
Evening star., 1961-07-27
PY SYLVIA PORTER

learned during the Korean war
how self-defeating scare buying
is.
You will not, I am convinced,
be the threat.
And since all the economic
financial forces are working
against another spiral, the orr
ginal statement stands: barring
war, a renewed initiation is only
a dim possibility.
Price Rise Steady
Actually, despite all the talk
about initiation in recent years,
we have not been in a spiral for
some time. The last diScernible
initiation cycle conceded with
the Korean War in 1950-55.
Since then, the prices have
risen, according to the govern
ment's official consumer price
index, at a rate of 1.8 per cent
a year. That's a creeping" rise.
Now. in addition, the con-
clusion of a growing number of
responsible, world-respected ex-
perts on price movements is
that this 1.8 per cent annual
rise has been greatly exag-
gerated by faults within the
consumer price index itself.
The view of these experts
and this is not midsummer
madneSs-is that if the weak
nesSes in the governments in
dex were corrected, price in
creases through these years
would be shown to have been
greatly exaggerated and pos
sibly, the increases would dis
appear" altogether. To quote
the st. Louis Federal Reserve
Bank There is some reason to
believe that the rise of the con-
sumner price index during 1856
81 is, in part, if not wholly, an
illusion. :"
This appraisal is pertinent
not only because it's faScinat-
ing in itself but also because
assuming no shooting war-the
background for price stability
is better now than at any time
during the 1955-61 period. And
if this assumption proves in
valid. what happens to prices
will scarcely seem a most i'm
portant matter.
distributed 1861 by The Hall
Syndicate, Inc. All RIGHTS Reserved)
Evening star., 1961-07-27
Mons Life Insured
For S225 Million

NEW YORK, July 81 (AP).-
The Massachusetts, Mutual Life
Insurance Co. today reported
insuring a businessman'S life
for $2,250,000.
The Springfield (Mass.) COM
pany said this was the largest
amount ever placed at one time
on a single life by the company.
The policies we're delivered re-
Gently to Midwestern busi-
nessman but he was not further
identified.
Evening star., 1961-07-27
Interior Design
Contract Awarded

James Ruben, of Ruben-Cur-
tbs Corp, Rockville, Md,
announced his firm has been
a warded a contract by Mr..
Earle, women's apparel shop,
1903 F street, for the interior
design of the new 5000 square
foot addition, the Pony Room.
In keeping with the casual
clothes to be featured, the room
will have a Connecticut farm
house motif, with shingle roof
porch post hang rods and walls
paneled in wormy cypress.
Evening star., 1961-07-27
SiciIiono Elected
DieboId Director

Rocco C. Sicilianb, former
Assistant Secretary of Labor
and special assistant to Presi-
dent Eisenhower, has been
elected a director of John Die
bold & Associates, Inc, man.
agement consultants for auto
nation and data processing.
He also is a partner Of Will
kinson, Cragun & Barker,
Washington law firm. Mr.. ST.
ciliano will advise Diebold in
decisions affecting its Wash
ington operations.
Evening star., 1961-07-27
METALS

NEW YORK. July ~ CAP).-Spot
nonferrous metal prices today: Cop
lev. Lead IL cents a pound, New York.
Zinc liza cents pound, East st.
Louis Tin 1.l5ss pound, New York.
Foreign silver 91ss cents per troy
ounce, New York
Pittsburgh scrap steel No. l heavy
was quoted by Iron Age at 35 90.
Evening star., 1961-07-27
Scientific Firms in Area
QuodrupIed Since 80,
District Survey Shows
By TRUMAN r. TEMPLE
Star staff Writer

scientific companies in the Washington have
qadrpled 1850 and doubled since 1854 study
revealed today.
information appears comprehensive 72-page guide
to activities available the public Titled
scientific Resources Washington D c. Area"
Evening star., 1961-07-27
TREASURY BONDS

NEW YORK (AP)-Noon over the coun-
ter U. S. Government Treasury bonds,
bid, asked, net change and yield for
Evening star., 1961-07-27
OVER COUNTER

Following prices furnished by the Ma
in Washington represent the range
within which locally active securities
could have been bought or sold at 1
pm. Thursday, July 27;
Evening star., 1961-07-27
FOREIGN
EXCHANGE

NEW YORK, July ~ (AP).-Foreign
exchange rates tGreat Britain and
Australia in dollars, others in cents
and decimals Of cent?;
Today Erev nav
Evening star., 1961-07-27

(83 per cent?, led only by New
York City with 81 per cent.
Evening star., 1961-07-27

AVCO Corps ordnance divi-
sion announced it has received
contracts totaling $11, 1873, 900
for ordnance and arming and
fusing of missiles. The work
is to be done at its Richmond
(Ind.) plant.
Business Loans at reporting
member banks in leading cities
decreased by $169 million dur
ing the week ended July 10.
This lowered the total of such
loans to $31,380, 100000, which
was $40 million more than the
total a year earlier.-Federal
Reserve Board.
KrOger COmpany's sales for
the seventh four-week period
of 1861, ending July Is, totaled
$141, ,692,880 compared to
$144, ,693, ,595 in the correspond
ing period last year, the COM
pany announced. Cumulative
sales for the first seven per-
iods of 1861 were $978,846,681,
compared to $1,007, ,892,0 ,099 in
the same time last year, the
company reported.
Borg Warner Corps. Norge
division plans to hire nearly
400 workers at its Effingham,
ILL.,, plant to increase produc-
ton of a new clothes dryer and
begin manufacture of a COM
mercial-size dryer. The new
employees will be hired from
July 81 to November /.
Dynamics Corp. Of America
has announced the purchase of
Norbury Watch Co. Ltd, of
Croydon, England for cash and
1888 shares of DCA stock.
The 200-employe plant will be
operated as part of a DCA
European group now being
formed.
Earnings
KennecOtt Copper Corp s
first-half earnings fell Is per
cent behind the first half of
1860, although sales were up.
The Nations No. copper pro-
ducer earned $36,281, ,989, OF
1928 a share. VS.. 1850. .746
or 1886 a share. in the 1860
period. Sales rose to $3.50 $685.
992 from $253,152,604.
American Tobacco in the six
months to June 80 earned $32,-
AL 900, or $2.37 a share. VS.
$29, ,269, 900. or $2.13 a share, in
the 1860 period.
Inland Steel in months tc
June 80 earned $21,749, $50, OF
$1.23 a share, VS.. $33, 3,067,503, OF
$1.89 a share, in the 1860 period
s National Distillers and Chem,
ical Corp. in 6 months to JUNE
t 80 earned $10,317,OO0, or z
cents a share, VS.. $13,432, 900. O.
t SO cents a share, in the 1866
period.
= Reynolds Metal in the 81,
0 months to June 80 earned $11,
271 900, or 56 cents a share, VS.
$13,281. 900, or 66 cents a share
in the 1860 period.
TranscOntinental Gas Pip
Line in IL months to June 81
earned $20,051,528. or 1924
share, VS.. $18,188,792, or Sill
> a share, in the 1860 period.
Phillips Petroleum in 81,
Evening star., 1961-07-27
BUSINESS BRIEFS

months to June 30 earned $54.-
902, 900, or $1.60 a share, VS..
$5l, ,747,822, or $1.51, in the
1860 period.
Other earnings:
Evening star., 1961-07-27
MUTUAL FUNDS

NEW YORK (AP) Var Pay IN 10
National Associa- Cdn Fd 6o6 SIS
tion Securities Deal my Kesch Is. 10 I4.5s
eiS' Rid Ask JOhnstn 1A56 a. 56
Evening star., 1961-07-27

onds.
T-Partially tax exempt.