davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-04-20
CHICAGO
LIVESTOCK

CHICAGO, April 20 CAPD CUsDA).-
Hogs $500: fairly active, butchers and
soWs averaging about steady good
shipping demand; mixed - and mixed
3 10000 lb. butchers 1857. rs:
10 head mostly 1-2 l9O-2I5 lbs.
l7.s5; mixed 2-3 and IS IgO-23O lbs.
y l5-1 80: mixed l-3 and mixed %
230-270 lbs. 16.75-l725 mixed pa
and IS 27O-32O lbs. 16.5O-17 90:
mixed l-3 and mixed 2-3 300-4OO lb.
100000 lbs. I4.5O-l6.OO.
Cattle 800 calves none; slaughter
steers slow, steady; not enough heifers
strong; other classes steady; a % lew
loads and lots good and choice 800.
1900 ID. steers 22.5O-25.25: few
standard and low good l950-22. 100;
1850: Gamers and cutters 1880.
1880; utility and commercial bulls
i9QO-2l 80; few good and choice
1900.
Evening star., 1961-04-20
YOUR
MONEYS WORTH
On to New Peaks by 1862
By SYLVIA PORTER

tiVity will be back to the pre-
1860 recession peaks before
1861 ends.
The 1861 expansion will carry
on into 1868 at least.
Contrasts Cited /.
The advance that began in
April 1858 and ended in April
1860 was among the shortest
of modern times - only "a
months. In contrast, the ex-
pansion of August 1854, to
July 1857 lasted 35 months;
the expansion of October 1949
to July 1858 lasted As months;
the average life of 25 expan-
sion cycles traced by the NBER
going back for more than a
century is 80 months.
If this new economic expan-
sion has only an average"
life, then it'll carry on far into
1868.
Once the economy has re-
gained the old peaks. it will
move to new heights, although
the pace should slow bit.
This has been the pattern
drawn in most expansions. On
this, Mr.. Moore made some
vital comments in October 1858
when we were moving out of
the 1857 recession.
Nearly every business ex-
panSion has carried total out
put, employment and profits
beyond the level reached at the
preceding peak.
THE rate of growth in out
put, employment and profits
has usually been largest in the
initial stages of a business
expansion. Thereafter, slower
growth has been the rule, es-
pecially after the preceding
peak level has been regained.
stock prices, unlike output
employment or profits. have
advanced more rapidly after
mild receSsions than after
severe contractions."
This SO plainly outlines the
lessons of history" that any
elaboration by me at this stage
would be a disService.
Distributed 1851 by the Hall
Syndicate. Inc. All Rights Reserved }
Evening star., 1961-04-20
Boskin Will Retire
From Fur Business

Emanuel Baskin will close
his fur shop at TOE Thirteenth
street NV, and will retire
from the retail fur business
after nearly 36 years in that
field, he announced.
The stores inventory will be
sold at public auction on April
"a and equipment, machinery
and supplies will be auctioned
on the following day.
Mr.. Baskin opened a ful
store in 1941 at 719 G street
NV. and moved to his present
location a year ago. He plans
to remain in this area but will
entire a new field.
Evening star., 1961-04-20
Permanent Injunction
Issued Aduinst ADS

The Washington regional Of
flee of the Securities and Ex-
change Commission announced
entry Of a Federal court order
permanently enjoining Ameri-
can Diversified Securities, Inc,
OF Washington from further
violations Of the commission's S
net capital rule.
The SECS motion for ap-
pointment Of a receiver was
continued indefinitely follow
ing advice that Max M. Levy, a
director, had assumed full con-
troll of the company's manage
ment,
Evening star., 1961-04-20
Tax Break Is Seen
For Disabled Workers

A tax break for disabled
workers approaching retire.
ment age was contained in a
recent decision of the United
States Tax Court, according to
the Commerce Clearing House.
Under the ruling, first of
its kind, a qualified employe is
entitled to treat disability pay
ments received from an en-
ployers' pension plan as ex-
cludable Sick pay" on income
tax returns. He may continue
to do so until he reaches COM
pulsory or customary retire.
ment age.
Evening star., 1961-04-20
Cos Sales Decline
Below Year Ado

Sales Of Washington Gas
Light Co. Jagged behind a year
ago in March after showing big
gains in preceding months.
March sales totaled SO, ,563, ,591
therms, a decline of 26.1 per
cent from SO.604,456 in March
last year.
Three months sales aggre-
gated 238, ,492.161 thermS, an in
crease Of 8.22 per cent from
,220, ,379,103 a year earlier.
Meters totaled 405,038 on
March 81 VS.. 394,450 a year
earlier.
Evening star., 1961-04-20
CodeI-Koye Firm
Purchasing MAGAZINE

Cadel-Kaye Publishing has
purchased Record & Sound
Retailing, a l7-year-old trade
publication, 1t was announced
by Robert Cadel and Milt Kaye.
Cadel and Kaye are co-pub-
fishers Of Print Magazine and
Packaging Design Magazine.
Adm in is trative, circu-
lation and advertising offices
for the three publications are
headed by Mr.. Cadel at 1919
Connecticut avenue NV. Edi-
torial offices remain in New
York City under direction OF
Mr.. Kaye.
Evening star., 1961-04-20
Dividends Show
Gain in March
BY the Associated Press

Corporations paid cash divi-
dends Of $1,957, 100000 in
March - an increase of $25.5
million over March, 1860.
Reporting this yesterday, the
Commerce Department said
there was little change in dis
bursements by manufacturers.
Higher payments by auto,
chemical and paper and print
ing companies were about Off
set by reductions in dividends
by manufacturers of iron and
steel. electrical machinery and
food and tobacco.
Evening star., 1961-04-20
Unions Carey Getting the Floor
To Fire Borbs at GE's Cordiner

court from former employees
over the case and of recaptur-
ing back pay with all the
damage Is morale that this
would involve, is also remote.
The whole idea could involve
years Of bad publicity, expen-
sive legal costs, and little net
cash.
Weapon Against COrdiner
But proposal number three
is Mr.. Carey's strongest weapon.
AS board chairman, Mr.. Cordi-
ner has been walking a tight
rope ever since the case hit
the front pages.
Did he know about the price
rigging? Or was he oblivious
to it? He's damned either way,
in the unions view, since pre-
sumably Mr.. Cordiner is run
ming the company.
After GE was fined $437 900
in the bid-rigging case, Mr..
Cordiner resigned as chairman
of the Business Advisory Coun-
Gil, a top-level industry body in
the Commerce Department. He
said he quit because of new
responsibilities at GE.
Backfire Possible
The GE leader isn't the only
one out on a limb. Jim Carey
is well aware that his proposals
might backfire. In its notice
of the annual meeting, GE
accuses him of being "a dis
gruntled labor union official
seeking to exploit the fact Of
the company's involvment in
these cases." 1t calls his sug-
gestions a blunderbuss ap-
proach, reckless, and poten-
TALLY injurious to the COM
pany'S future welfare.
Since the IUE bargains for
about 10000 in GE, their jobs
would be at stake in any fur
ther setbacks to the company.
And Mr.. Carey might be
blamed.
It is clear that the union
isn't attacking GE manage
ment as a bargaining gimmick.
Their contract won't expire
until october, 1868, and the
bid-rigging will be stale news
then to bring up at negotia-
tions.
Some Revenge Possible
There might be a bit of re-
venge behind the proposals.
It's widely held that Mr.. Carey
came off second best in nego-
tiationS last year. And he has
a long memory.
The union claims it's seeking
changes within GE to head off
a possible consumer boycott OF
GE products in the wake of
the antitrust case. Since there
were % other American elec-
trical machinery firms who
also pleaded guilty, all those
boycotts might leave consum-
ers with a narrow choice Of
toasters and washing machines.
Whatever Mr.. Carey'S mo-
tives, he'll be in the headlines
again next week, where he
likes to be. And so will Mr..
Cordiner.
Evening star., 1961-04-20
$3.50, 900 Loan Made
By MetropoLitnn

Metropolitan Life Insurance
Co. has made a $3.50, 900 loan
for construction of Summit
Apartments at 725-735 Monroe
street in Rockville, Md, 1t was
announced by Weaver Bros,
Inc, loan correspondent for
| Metropolitan
The garden-type project will
have 81 apartments and will
be owned by Leonard Enter
priSes, Inc. Corby Construction
Co. is builder. Completion is
scheduled this fall.
Evening star., 1961-04-20

Assuming we're into tn e
fourth major economic ad-
vance since World War II,
what might we expect in the
next 6 to IL months2 What
guesses can be made on when
we'll regain the ground 10 st
during the 1960-61 recession
on where we'n go from thereP
On the basis Of accumulat-
ing evidence, I'm assuming
that we have touched the bot
tom of the 1960-61 recession
we're on the Threshold of a
new cycle Of expansion. I'm
also daring to apply the basic,
pioneering data developed by
the National Bureau of Eco
monic Research on the shape
of previous economic upswings
to chart the possible course of
this new advance.
Be warned: This is strictly
statistical analysis: it doesn't,
of course, consider unforesee-
able domestic and interna-
tional developments which
could mold the next business
movement; no two cycles ever
look exactly alike. With all
these reservations, now read
New Peaks Likely
Well hit the old economic
peaks before the end of this
year. quite possibly regain
them in the fall.
The NBER's business cycle
authority. Godfrey H. Moore,
points out that after moderate
recessions, the recovery to pre-
vious peaks is attained in a
short time-and measured by
just about every yardstick ex-
cept the rate of unemploy-
ment. the 1960-61 downturn
has been mild. After the 1858
recession, our economy re-
gained the ground lost in only
five months; after the 1948 re-
ceSsion. recovery took only six
months, and after the 1857
downturn. it took only seven
months. Similar patterns have
been drawn after the mild re.
cessions of pre-World War Il
years too.
With this background, it's 6
reasonable guess that the ma.
jor indicators of business &C.
Evening star., 1961-04-20
Coop Sales Reach
$21,860,112 Record, ,
Expansion Cuts Net
BY DONALD b. HADLEY
Star Financial Editor

Sales of Greenbelt Services reached
ate peak of $21 86012 in the ended January 28
jump of 374 cent from the preceding and almost
double the total of five the annual report disclosed
today
However non-recurring continued expansion
Evening star., 1961-04-20
METALS

NEW YORK, April 20 P).-spot
non ferrous metal prices today: Copper
~ cents pound, Connecticut Valley.
Lead II cents q pound, New York
Zinc 11h cents q pound, East st
Louis. Tin 1.07ss a pound, New York
Foreign silver .912s cents per troy
Pittsburgh Scrap Steel No. ! heavy
was quoted by Iron AGE at "a. Oo-37' 90.
Evening star., 1961-04-20
National Theaters TV

In Beverly Hills. Calf, two
minority stockholders critical
of some company policies have
won election as directors of Ma
tional Theaters and Television,
Inc.
The firms announcement
added, however, that 10 of the
IL incumbents were reelected
and the operating manage
ment team headed by President
Eugene v. Klein continues
firmly in control of the motion
picture theater circuit"
Tn eboard newcomers are
Leonard Davis and Philip L.
Handsman Of New York. Mr.
Davis is an executive dealing
in Nationwide group insurance
programs. Mr.. Handsman is
attorney for the Davis firm and
Its affiliate organization
Budd Operates at Loss
In Philadelphia, President
Edward H. Budd, jr., told stock
holders the Budd Co. operated
at a loss in the first quarter of
the year but expects to show a
profit for the entire year.
He said fewer cars were pro-
duced in the first quarter of
this year than in any first
quarter since 1852, resulting In
the loss. He said the company
has cut back its break-even
point Is per cent and that an
expectant pickup in auto sales
should result in the long term
profit.
Evening star., 1961-04-20
TREASURY BONDS

NEW YORK CAP)- Noon over the coun.
yer U. s.. Government Treasury bonds.
!I glu, asked net change and yield for
Evening star., 1961-04-20
CHS Sales Gain

NDS safes Odln
NEW YORK, April 20 (AP)
President Frank Stanton told
the annual meeting of the Co
lumbia Broadcasting System
that first quarter sales were
above the similar 1860 period
He did not give figures nor die
he compare earnings with q
year ago.
In the first quarter of 1850
CHS cleared $685. 1857, equal tc
81 cents a share on sales OF
$121, 1,077.72S.
He said that If the general
economy improves this yeal
sales for 1861 will be somewhat
better than 1860.
Evening star., 1961-04-20
Budd Operates at Loss
OVER COUNTER

Following prices furnished hv ~.
Rational Associate Of seciIritjsS
dealers IN WashinEton represent ths
range within which locally active ks.
eufitleS could have been bought or
Soio al pm. Thursday. April 20:
Evening star., 1961-04-20
Bank Loans Expand
Further for Week

Gross loans Of Washington
three largest banks rose sharp
Evening star., 1961-04-20
UNITED STATES TREASURY POSITION

By the Associated Press
,noritin,a ~ A.. rr.-.
Evening star., 1961-04-20

What the union wants is
that stockholders recommend:
l. No GE employe who has
pleaded guilty or mo defense"
in an antitrust violation can
stay on the company payroll.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-17

RemanuJactured --lZB.S5
1925 Chevrolet. standard trans
mission. Expert installation
available.
Sears Stores
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-17

Special Store Hours This Week
Only! Wednesday, Thursday and
Friday, 10 am. to 9 pm; Satur.
day 10 am. TO 6 pm, Park FreeI
Evening star., 1961-02-17
PROPOSALS
WASHINGTON SUBURBAN SAN

WASHINGTON SUBURBAN SAM
TARY COMMISSION, CONTRACT
NO. 170-D. STORM DRAINAGE
CONSTRUCTION. Sealed pro-
posals for constructing in Bushey
Drive and Fogel Lane. Bronkhave ven.
MONTGOMERY County, Maryland
approximately l,515 feet of 10
inch through 4S-inch reinforced
concrete pipe storm drains and
appurtenances, will be received at
the office of the Secretary Of the
WASHINGTON Suburban Sanitary
Commission. -4017, Hamilton street
Hyattsville, MARYLAND until Mon
day, February - 1881. at 1900
am. Eastern Standard Time. at
which place and time they will be
publicly opened and read. Plans
and Specifications for this con-
tract may be obtained from the
office OF the Chief Engineer Of the
Commission, Plans and Specifica-
tions Section. BLAIR H. SMITH.
Chairman; WILLARD A. MORRIS
Vice Chairman: WILLIAM c. AUS
TIN. JAMES B. BLAND. MORRIS
". SP1CCI, WILLIAM B. WHEEL
Err, Commissioners. Attest: JOHN
7. 4oNWANT. Secretary. fe17
Evening star., 1961-02-17

TRUSTEES SALE OF VALUABLE
DETACHED FRAME DWELLING
BEING KNOWN AS PREMISES
NUMBER 4404 ILLINOIS AVENUE
BY virtue Of a certain deed Of trust
10607. Folio 336 ct seq., Of the
land records OF the District Of
Columbia, and ct the request Of
the party secured thereby. the un.
dersisned trustees will sell, at
public auction in front Of the
PTWsRRisfsYi PPWRsTY.pfRsr II TgEspAa DzY 81 FnB- ThE
RgAgT RgisTY odGods az 1sSl bM!, At tn: oFa: ri.
lowing described land and prem
ises. situate in the District Of
Columbia, and DESIGNATED as and
being Lot SO In Square 1928 as
per plat recorded in the Office Of
the Surveyor for the District of
Columbia in Liber 80 at folio 80
TERMS: Sold subject TO q prior
building association deed Of trust
for approximately Ss,112 SO.
further particulars OF which
will be announced at time of
sale: the purchase price above
said trust to be paid in cash. A
yeysncine, recording. etc, at pur-
chaser's cost. Adjustments made
as of date of sale. Terms to be
compiled with within thirty days.
otherwise deposit forfeited and
the property may be advertised
and resold at the discretion Of the
FRANK FRANK W, MARsALEK,
JOHN CLAUDE COPPINGER.
fe9,10,14,17.20 Trustees.
Evening star., 1961-02-17
THOS. J. OWEN q SON,
Aucti0neers, iii z 81. NV.

SALE OF VALUABLE
ROW BRICK DWELLING BEING
KNOWN AS PREMISES NUMBER
1903 HOBART STREET NORTH
By virtue Of q certain deed Of trust
duly recorded, In Liber No. lO4O7,
Folio GIL ct sea-, Of the land rec
ords Of the District Of Columbia,
and ct the request Of the party
secured thereby, the UNDERSIGNED
trustees will sell. at public auc-
tion in front of the premises, on
WEDNESDAY, THE FIRST DAY
OF MARCH, AID. 1861, AT TWO
THIRTY O'CLOCK PM, the fol-
lowing described land and prem
ises. situate in the District Of Co
lumbia, and designated as and
being Lot 731 in Lewis q. Breun-
inger'S subdivision Of lots in
Square 1891 as per plat recorded
In the Office Of the Surveyor for
the District Of Columbia in Liber
,4S, at Folio $50. subject to the
TERMS: Sold subject to a prior
building association deed Of trust
for approximately S6,S58.23; fur
ther particulars OF which will be
announced at time OF sale: the
purchase price above said trust to
be paid In cash. A deposit of $500
required. Conveyancing, recording,
etc, at purchasers cost. Adjust
ments made as Of date of sale.
Terms to be complied with within
thirty days, otherwise deposit for
feited and the property may be
advertised and resold at the dis
cIetion OF the trustees.
FRANCIS NOLAN.
LEON L. INGRAM,
xe17,2O,23,26,2S Trustees. .
Evening star., 1961-02-17
AUCTION SALES
THoS. J. OWEN . SON
AuetiOneers, 1III E Sc. NV.

TRUSTEES SALE OF VALUABLE
ING ffEdlRNcNHSEs Known as PsssEHSMhfsERsy Ry5tL 5tiS
THIRTEENTH STREET NORTH
WEST.
BY virtue Of Q certain deed Of trust
duly rceorded, In Liber No. 1886,
Folio -o3 ct sea-, of the land
records Of the District Of Column
bia, and at the request OF the
party secured thereby, the under
signed trustees will sell, at public
auction In front Of the premises,
n,,vSLSo On MONDAY, THE TWEINSErXX- rX
AID. 1851. AT ONE-FIFTEEN
O'CLOCK PM, the following
sertbed land and premises, situate
in the District Of Columbia, and
designated as and being Lot 81 IN
IN The Office Of f tie Sur Surveyor foI
the District Of Columbia in LibeI
73 ct Folio 17S.
TERMS: Sold subject to Q prior
for approximately S5,46l 81: fur
ther particulars Of which will be
announced at time Of sale; the
purchase price above said trust to
be paid in cash. A deposit of $500
required. Conveyancing, recording,
ETC.. at purchasers cost. Adjust
ments made as Of date OF sale.
Terms to be complied with within
thirty days, otherwise deposit for
feited and the property may be
advertised and resold ct the dis
erection Of the trustees.
PAUL PERUzzI,
GEORGE KALAVRITTNOS
fel5.17.21. 1928 Trustees.
C. G. SLOAN q CO., INC.
Aueti0neeFS
51b 14th Street, NV.
Evening star., 1961-02-17
THos. j. OWEN . SON. NC.
Auetl0neers, iii z 81. NV.

TRUSTEES SALE OF VALUABLE
TWO STORY sEMIDETACHED
KNOWN AS PREMIsEs 5eOs
EIGHTH STREET NORTHEAST.
By virtue OF a certain deed Of trust
duly recorded In Lber No. 11242.
Folio 81 ct SEQ, OF the land rec
or6S Of the District Of Columbia.
and n the request Of the party
secured thereby. the undersigned
trustees will sell. at public auction,
bAg b Eont TaE Il the REiERTlTisY; e MoH
DAY OF FEBRUARY. AID, 1851.
AT TWO O'CLOCK PM. the
pTe%ises. DGTH1iSsU Situate in the O District
Of Columbia. and designated as
and being Lot numbered Seventy.
seven (77l In Square numbered
Thlrty-seven Hundred Thirty-five
(3735l in . subdiviison made by
Warts. Inc, as per plat recorded
in the Office of the Surveyor for
the District Of Columbia in Liber
132 at Polio l34. j.
TERMS OP SALE. ALL CASH, A
deposit Of $500 will be required et
time Of sale. Adjustments made
as Of date Of sale. All eonveysnc-
etc. at cost OF purchaser. Terms
OF sale to be complied with within
thirty days from day Of sale.
otherwise the trustees reserve
the right to resell the property
at the risk and cost Of default
ing purchaser, after. five days
advertisement Of such resale in
some newspaper published in
Washington, D: G.. RIGGS ma
TIONAL BANK OF WASHING-
TON. BY: JAMES P. BENFER, Jr.,
Vice President and Trust Officer.
fsiSiS iSsiS 2noaoR
Evening star., 1961-02-17
THOS. J. OWEN 3 SON. NC.
AuctiOneers, iii z st. NV.
TRUSTEES SALE OF VALUABLE
ROW SRIcR DWELLING BEING
: KNOWN AS PREMISES NUMBER
rbgh TWELFTH STREET. MOpT|u

TRUSTEES SALE OF VALUABLE
AOW Brick DWELLING BEING
: KNOWN AS PREMISES NUMBER
S2S TWELFTH STREET NORTH
By Virtue Of a certain deed of trust
0u,y recorded, in Liber No. 1O476,
lsso2d: Sil9 S5S o3 t. st .eS .;.,St Sf + the land
bia, and at the request Of the
party secured thereby, the under.
signed trustees will sell, at public
sEyENTH DAY OF FEBRUARY,
AD. 1851, AT THREE-FoRTY-
FIVE O'CLOCK PM, the follow
tne-deseribed land and premises,
eitnhte In the District Of Column
St ~ In Burns So subdivision Of
surveyor for tie District Of CO. oe
lumbia In Liber 80 at Folio ia.
Also part Of Lot 80 in Burns
subdivision Of lots in Square 1907,
eS per plat recorded in the Sur
!Eeyor's Office in Liber 81 at Folio
1 %. Said part Lot SO being now
kISwn fof purposes q assessment
1907, Subject to covenants Of
TERMS: Sold subject to q prior
I deed Of trust for approximately
S7.235.24; further particulars OF
q which will be announced at time
OF sale: the purchase price above
said trust to be paid in cash.
= deposit of $500 required. Con.
ysyancinE; recording, etc. al
purchaser's cost. Adjustments
made as Of date Of sale. Terms
to be complied with within thirty
days. otherwise deposit forfeited
and the property may be ad.
Yertised and resold at the discre.
tiOn Of the trustees.
A. 2. LECRAW,
J. Z. LECRAW,
eo1b,17,21,23,26 Trustees.
Evening star., 1961-02-17

TWo STORY ROW BRICK
DWELLING BEING KNOWN as
PREMISES NUMBER 1891 3
STREET SOUTHEAST.
BY virtue Of q certain deed Of trust
duly recorded. In Liber No. 11l63,
records Of the District OF coium-
bta. and at the request Of the
party secured thereby. the under
signed trustees will sell. At public
Sn S1etion %oNhtfY " font l,r q the PS PrsmlSsSs,
IsAfss Alp. 1851. OAf AZ fRouFF FHeHT1Sf; oscLock
PM, the following described land
and premises. situate In the Dis
trict Of Columbia, and DESIGNATED
as and being Lot so in Schmidt's
subdivision In Square 1878. az
per plat recorded In the Office Of
the Surveyor for the District OF
Columbia In Liber "a at Folio "a
TERMS; Sold subject to q prior
building association deed Of trust
for approximately S5,593.56 fur
ther particulars Of which will be
announced ht time Of sale: the
purchase price above said trust TO
sso paid r,In,,sS In es'h' 4 dspo;it Of
recording, etc. at purchasers cost.
Adjustments made as Of date OF
sale. Terms TO be complied with
within thirty days. otherwise de-
'posit forfeited and the property
may be advertised and resold at
the discretion Of the trustees.
LAWRENCE A. sINcLTTIco.
JOSEPH A. FRANCELLA,
fel5,l7,2l, ,23,25 Trusteeg,