davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-08-24
Fannie Mae to Offer
$3.50 Million Issue

The Federal National Mort
gage Association will offer $3.50
million worth of debentures to
the public Tuesday at 4 and AZ
per cent interest rates.
The offering will be split into
a $100 million 10-year issue
bearing AZ per cent interest,
and a three-year $3.50 million
issue carrying 4 per cent. A
Nation-w wide group of security
dealers will assist Fannie Mae
in offering the debentures. Of
fering prices will be announced
Tuesday.
Net proceeds will be used to
redeem $146 million of other
debentureS maturing next
month, and to repay borrow
ings from the Treasury.
Evening star., 1961-08-24
Bowling Chain Posts
Profit in 9 Months

North American Bowling.
Inc. edged into the profit side
of the ledger by the narrow
margin of $125 on gross sales
of $1,548,205 in the nine
months ending June 80, the
company reported.
C. Edward Goldberg, presi-
dent of the Washington and
Baltimore chain, conceded the
profit was modest" but ex-
Evening star., 1961-08-24
property for a number Of years.
the president explained.
No Realty, Big Inventory

property for a number Of years.
the president explained.
No Realty, Big Inventory
Thus. Towers doesn't own
one brick or a square foot ot
land today, but it controls 81
million worth of inventory ir
the Washington area alone.
The. stores opening here to-
day are at Viers Mill and Ran
Idolph roads, Wheaton: New
Hampshire avenue in lillian
dale, Md; Wilson boulevard at
Seven Corners, Falls Church
and at Shirley highway and
Edsall road, Alexandria.
Two more Towers stores will
open in November at Branch
avenue off Suitland Parkway,
and on Highway so in Carroll
ton, Md, the same size as the
present four.
Each store has nearly 10000
square feet Of space, and is
about one and half times the
length of a football field, with
an array of merchandise rang
ing from underwear to power
tools.
A special crew worked all
night using spotlights to lay
down a blacktop parking sur
face for 1000 cars at the Shir-
ley Highway store last night
to insure meeting the opening
hour.
With a phrase from the psy-
chology textbook, Mr.. Rosen-
stein explains, I'm very COM
pulsive about headlines"
Evening star., 1961-08-24

companies Tower construction.
Anybody who survives in
the textile business in New
England for 18 years learns
finance" he says grimly.
To keep its capital free for
the rapid building program,
Towers uses a technique known
as buy build sell leaseback.
Pioneered by such other com-
panies as Safeway, Robert
Evening star., 1961-08-24
Honeywell to Sell
Furrinqton Products

harrington Mfg. Co.. whose
reading machines are made
locally in Alexandria, has
teamed up with Minneapolis
Honeywell Co. to sell two prod
ucts.
The companies said today
Honeywell will add the Earring
ton optical scanners as a Gus.
toner option to two of its data
processing machines, the 1900
and 400"
| Farrington's machines scar
business documents and trans.
late the information to machine
language for punched cards ol
tape. The Honeywell devices
use the data in record sorting
and file operations.
Evening star., 1961-08-24

Hall and Kinney Shoes, it pro-
vides a chain with the means
to keep up with suburban
growth without the need for
huge real estate holdings.
Towers goes into an area
after studying it, buys land,
builds according to its own
specifications, then sells the
whole works to a syndicate on
the condition it can lease the
Evening star., 1961-08-24
TALKING OF BUSINESS
Head of Towers Discount Chain
Got Experience in Tough School
By TRUMAN r. TEMPLE
Star staff Writer

Formula for learning how to
run a discount chain:
Study mathematics and psy-
=ehoIogy at Johns Hopkins Uni
versity. Then plunge into the
ailing textile industry in the
worst of all possible locations,
New England. Stay afloat for
l8 years. Run a mill outlet on
the side. Then strike cut IN an
uncharted new business.
It's not a career for the
faint hearted, but with the
board chairman of Towers In
ternational, Inc, which opened
four area stores today, it was
all worth while.
The survivor of this indus
trial basic training Is Samuel
]. RoSenstein, who at 43 ap-
pears unscarred by the expert
ence.
A diminutive and Soft-spoken
man, the executive claims he
uses his graduate studies in
psychology every day on the
job.
Use the Human Touch
Its a matter of understand
ing people you're doing busi-
ness with, and using the hu-
man touch rather than a cold
mathematical approach" he
said in an interview.
| Because Towers is building
stores at a formidable rate
it will have Is on the eastern
seaboard at the end of 1861,
compared to only one in 1855
the company relics on esprit de
corps among its employees, par
ticularly executives who must
hop from one new site to the
next, to meet headlines. This
feeling is the only thing that
would have made possible the
opening of these four stores
today" he stated.
Mr.. Rosenstein regards his
years running two knitting
mills in Manchester, Conn.,, as
a good background for the
complex financing that &C
Evening star., 1961-08-24
Stereo Phono Sales
TOP MonuUroI Units

Sale of Stereo phonograph
sets continued to lead monau-
raj sets by a heavy margin
during the first half of 1861,
the Electronic Industries ASso-
citation reported here,
National retail figures
showed 1,264,997 stereo sets
were sold in the first six
months, compared with 399 1850
monaural sets.
But both categorieS trailec
the same period last year, wher
l,424.080 Stereo and 440,96;
monaural sets we're sold, the
! Association said,
Evening star., 1961-08-24
KrogerSoIes
Drop Again

CINCINNATI, Aug. "A (AP)
The Kroger Co. yesterday re-
ported another decline in its
sales during the four week
period which ended August II.
The chain grocery firm re-
ported the four-week sales were
$137, 7,013,828, or a decline OF
81. 1881, 1903 from the $139,395. lac
total in the corresponding
period of 1860.
There has been a decrease OF
$31, ,426,726 in the firms sales
| in the. first eight sales periods
of 1861 compared with 1860
The 1861 total is $1,115, 5,860,51s
and in 1860 it was $1,147,287,-
| 245,
Evening star., 1961-08-24

7HE NEW frozen fresh Daquiri Mix is pure tropical
lime juice, plus just enough sugar to complement the
extra dryneSs of white Puerto Rican
It's the only frozen fresh Daiqur Mix 1t comes in the
you above liquor and food stores If your store
has run Short make noise They recorder in hurry
Just remember that the best DaquriS always made
with dry white Puerto Rcan 1t is distilled at high
proof for extra dyneSSwhich gives Daquri extra zng
Evening star., 1961-08-24

and models of cars can use
the new variety of fuel, a Sun
Oil spokesman in Philadelphia
said surveys showed that "a
substantial percentage of cars
now on the road can use it,"
Octane Rating of 81
Sun OILS new brand is called
Blue Sunoco 180 and has an
octane rating of 81, three
points below the so-called
300" lowest octane now Of
fered in Washington stations.
The Gulf product is called
Gulftane and two points be-
low the octane of its regular
brand. In ascending order, Gulf
now offers Gulftane, Good
Gulf, No-Nox and Gulf Crest.
Sun Oil offers nine varieties at
Norfolk stations, from 180
through 200 IN It's blending
pump system.
Spokesman for both COM
panies admitted the cheaper
gasoline was being marketed
partly to compete against in
dependent gasoline companies
which have been selling lower
octane gasoline.
First Test in Texas
Gulftane was first tested in
San Antonio, Tex, eight weeks
ago. Three weeks ago it was
offered in Norfolk, Indianap.
oils and Buffalo. Its price fluc-
tuates rapidly, a spokesman ad-
mitted, according to what the
off-brands and independents
are doing. It's designed to
meet their competition"
The Gulf official said Gulf
tame can be used in SiX-cylin-
der cars such as Chevrolets ano
Fords in normal driving, but
added Its not for fast geta.
ways" The Sun Oil spokeS-
man said the 180 is suitable fol
many older cars and new com,
pactS.
Evening star., 1961-08-24

three new stores September II
at a public ceremony.
Arthur Clarendon Smith,
board chairman of both the
storage firm and Smiths
Select Furniture Co., Inc. said
long distance moving business
increased by 100000 the first
six months of 1861. Storage
and packing departments in
creased by 2 per cent but the
local moving dropped 10 per
cent. Furniture sales in the
company'S four stores rose by
5 per cent, he said.
Evening star., 1961-08-24
Springfield Bank
Name Change OKd

The Springfield Bank has re-
ceived permission from the
State Corporation Commission
to change it's name to The
Northern Virginia Bank.
Edward r. Carr, president,
said use of the new name will
begin Sept. l. The change was
made to reflect the banks ex-
panSion. A new branch is being
built in Annandale and a new
main office planned for Spring
field.
Evening star., 1961-08-24
Barker Is HonoEed

James A. Barker, president
Of Capital Film Laboratories,
1905 Fairview avenue NE, has
been granted a fellow member
ship in the Society of Motion
Picture and TeleviSions Engi-
neerS.
A graduate of the Harvard
School of Business Administra-
ton, he is a former president
of the Washington Film Coun-
Gil and is a director of the
Association of Cinema Labora-
| tories.
Evening star., 1961-08-24
Missile Sites Gets
S353,O00 Contract

Missile Sites, Inc, 1908
Grandview avenue in Wheaton
has been awarded a 1888. .00O
contract to build radar facil-
tiles at North Concord. VT.
Samuel N. Zarpas, president
said the project is part of the
Governments semi-automatiC
ground equipment system oi
continental defense. Missile
Sites built similar facilities
earlier this year at Watertown
N, Y.
Evening star., 1961-08-24
GorfinckeI Dividend

Julius Garfinckel & Co., Inc.
yesterday declared it's regularly
quarterly dividend of 281s
cents a share on the company's
outstanding AZ per cent con-
vertible preferred stock, and As
cents on common stock. The
dividends are payable Septem-
ber 80 to stockholders of record
September Is.
Evening star., 1961-08-24
TeIetroy Systems
Posts $4,000 Net

Teletray Electronic Systems,
Inc, today reported net profits
of more than $4,000 in the
second quarter, compared to a
$4,000 net loss in the period
last year.
The electronic ordering syS-
tenn producer, at 1852 Third
street NE, said sales and
leasing income was $289,151 in
the second quarter, equal to 81
per cent of the company's in
come for the entire fiscal year
ending March 81.
Evening star., 1961-08-24

pressed optimism about future
earnings. Cost of major dam
age to a roof at a Falls Church
facility last winter was blamed
for the small profit.
Evening star., 1961-08-24
METALS

NEW YORK, Aug. "A (AP) Spot
nonferrous metal prices today: Copper
81 cents pound, Connecticut Valley.
Lead IL cents a pound. New York
Zinc 1lI2 cents a pound, East St.
Louis. Tin 1.2l ss a pound, New York
Foreign silver 9l2s cents per troy
ounce. New York
Pittsburgh scrap steel No. | heavy
was quoted by Iron Age at 35.0O-36 90
Evening star., 1961-08-24
2 Gasoline Morketers
Offering Low-Octone
Fuel to Meet. Demand

Two national companies Gulf Oil and Sun Oil, test
marketing lower octane gasones to meet public mood for
cheaper motoring costs
companies their products which have been selling
Norfolk, and other cities for number of weeks may
be offered elsewhere.
Evening star., 1961-08-24
Smith Makes q Move
For Lorqer Facilities

The Smith Transfer and
Storage Co., Inc. will open its
seventh unit of its new ware
house in KenSington, Nd, plus
Evening star., 1961-08-24
Free recipe booklet

Below three ways to make the 3Osecond Daiqu For
other delightful rum recipes, send for 2Opage full
color Rum Recipe Booklet Write: Runs of Puerto Rico
Dept. VS. 666 Fifth Avenue, New York 19, New York.
Evening star., 1961-08-24
BLENDoR RECIPE

(SeTpeS OHe)
n OF. Daiquiri Mix. 11z OF.
white Puerto Rican rum. u
cup crushed ice. Blend for
10 to 20 seconds in a Waring
Blendor. Serve unstrained in
champagne-type glass!
Evening star., 1961-02-27
TODAY'S WEATHER REPORT

District and vicinity-In-
creaSing cloudineSs tonight,
low about 80. Cloudy tomorrow,
not as warm, rain likely.
Maryland-Increasing cloud.
i11esS tonight, low IS to 40.
Cloudy tomorrow, not as warm
With some rain. high In the sos.
Virginia-Increasing cloud
iness tonight with some rain
beginning after midnight in ex-
treme southwest portion, low
IS to a. except AZ to 50 near
Kentucky border. Cloudy to-
morrow, not as warm, with
rain: high so in southeast por-
ton and in sos in west and
north.
Lower Potomac and Chesa-
peake Bay-Variable winds at
s knots tonight. Winds tomor-
row becoming northeasterly 10
to 20 knots. Increasing cloudi-
ness tonight followed by rain
later tomorrow. Visibility 10
miles becoming 8 miles or less
In rain.
: Five.Day Forecast for
District and Vicinity,
February Bismarck 4
Temperatures will average 5
or 8 degrees above normal high
Of 40 and low Of 80. Rain to-
Evening star., 1961-02-27

River Report
Potomac. River muddy at Harper's
Esrry and muddy at Great Fails:
SHENANDOAH muddy ct Hsrper'1 Ferry,
Evening star., 1961-02-27

Of the AFL-CIO Executive
Council in his first huddIe with
organized labor's high com
mand in the little more than q
month since President Ken
nedy took office.
The Labor Secretary told
newsmen on his arrival here
yesterday that Congress is
speeding up its procedure to
push Mr.. Kennedy's proposals.
He said he hoped Mr.. Ken
nedy's first major goal will
pass the House this week-a
proposal for 81 billion extra un-
employment compensation aid.
Mr.. Goldberg said he was
very encouraged with the way
Congress is handling President
Kennedy's proposals and felt
that legislators Of both politi-
cal parties share "a sense of
urgency" In spuring economic
recovery. The AFL-CIO Coun-
Gil had q number Of matters
still on the agenda before
winding up winter meetings
here. Among these Is . prob
lem of obtaining more union
revenue to replace a heavy
dues loss due to unemployment.
Evening star., 1961-02-27
KennedYSees
Deficit in 1862
=, Is. As.osl...a Pres.

President Kennedy has told
leading congressional Demo
Gratis he is banking on an up
turn In the economy to hold
next years budget deficit to
SIS billion.
The President has been told
by his economic advisers thai
the deficit in the current yeal
ending June 80 now Is expected
to reach SIS billion instead oi
the $40 million surplus former
President Eisenhower predicted
in January.
Mr.. Eisenhower's estimates
were based, among other things
on a proposed boost Of around
$500 million in postal rates
While Mr.. Kennedy is request.
ing . similar increase, he |,
said to have little hope that
Congress will act on the mat.
ter this year.
Mr.. Kennedy's hope Of hold.
ing down aext years red inH
spending Is reported to be
based on the belief of admins.
tration officials that business
win pickup about midyear anc
provide revenues at Q faste1
pace. than they, are now going
into the Treasury.
Secretary Of Com M erce
Hodges has predicted q pickup
within so days, but Mr.. Ken.
nedy'S optimism about an in
crease In revenues Is not fully
shared In Congress.
Chairman Harry r. Byrd
Democrat Of Virginia, Of the
Evening star., 1961-02-27
26MilIion to Need Jobs
By II, Goldberg Says

MIAMI BEACH, Fla. Feb. q
(R).-President Kennedy's top
labor advisor says finding jobs
for 26 million entrants In the
work force during the next
decade is the Nations No. /
domestic problem.
Secretary Of Labor Goldberg,
gave that figure In addressing a
banquet given in his honor
last night by AFL-CIO union
officials whom he formerly
served as labor counsel.
Aides Of Mr.. Goldberg ex-
planned that while jobs must
be found for 26 million workers
In the next 10 years. vacancies
for about half that number will
open due to death and, retire.
ment among present workers.
Thus, they said, an estimated
13 million additional jobs are
needed.
Mr.. Goldberg said that wide
spread unemployment and
dwindling Job opportunities are
high on the list Of unfinished
business inherited by the pres
ent administration"
Sees Climax 1T Hand
"All the things that have
been swept under the rug dur
ing the past eight years are
rapidly coming to light" he
said.
Mr.. Goldberg agreed with
George Meany, AFL-CIO presi-
dent, who introduced him to
the banquet audience, that
finding jobs for the rapidly in
creasing work force and for
workers displaced by new pro-
duction techniqueS is q prob
lem Of major proportions.
Mr.. Meany. noting that the
work force climbed by an aver
age 800. 900 annually during the
past five years, wondered how,
If jobs couldn't be found for all
Of them, the much greater in
flux Of new workers could be
put to work during the coming
decade.
Maybe the answer Is the
shorter work week. I don't
know" Mr.. Meany commented.
IAN I know Is that we have O
new administration in WASH
ington with fresh ideas and I
hope it can solve this situa-
ton"
Mr.. Meany went on to say
that there Is something has
ically wrong" when great Amer
lean industries can work at
less than half their capacity
and still earn a handsome
profit.
Mr.. Goldberg was due to con-
! fer today at a closed session
Evening star., 1961-02-27
Freeman Sees Credit
Depressed Area Need

in that arrangement and I do
not believe it would be any
better If q separate agency
were established to administer
the bill.
"In one agricultural area, for
instance. the resources might
point to some type Of agricul-
tural production in comhina-
ton with processing-an 'agri-
business such as potato flax
ing or poultry processing. In
other areas the best answer
may be q combination Of farm
ing, forestry and woodworking
industry. Or it may point to-
ward the tourist and recreation
business which would call for
the development Of roads, parks
and camp SITES"
Evening star., 1961-02-27

| Senate Finance Committee,
who conferred with MFR. Ken
nedy last week. Is known to
have urged the President to re-
check administration estimates
on this score.
Senator Byrd fears afrepeti-
ton Of the 1858 recession rec
ord, when q speedup In SPEND
ing poured in unbudgeted So
billion into the economy and q
So billion drop in revenues
forced q $12 billion deficit.
Mr.. Kennedy is represented
as trying 10 avoid any spectac-
ular increases in spending at
this point. But he is said to
be having difficulty in fitting
his program of accelerated mis-
sile production and q stepup In
air lift capacity within the
pattern Of q nearly balanced
budget,
Mr.. Eisenhower estimated de-
fense optiays at $42.9 billion in
the year beginning july /.
There are clear signs that Mr..
Kennedy intends to raise that
figure.
Chairman Russell, Democrat
Of Georgia, Of the Senate Armed
Services Committee said after
q week, end White House con-
ference that "it wouldn't be
possible to increase military
strength without an increase In
spending" He indicated he
thinks Congress; viii approve
increased defense spending II
the President recommends It.
The Council Of State Cham
bers Of Commerce recommended
yesterday that Congress should
slice $3.4 billion from Mr.. Eli
senhower's fiscal 1862 budget
instead Of adding any new
spending. It hit at what 1t
called "panicky" antirecession
efforts and called on Congress
to reduce both spending and
taxes.
Evening star., 1961-02-27

morrow and again about Fri
day or Saturday may total one
thaN inch. -
Evening star., 1961-02-27
By the Assoeiated Presn

Swollen rivers continued II
pour over q stricken Southland
today. where 10000 or more
persons have been left home.
less.
Damage from a weeks flood
in Alabama, Georgia and Mis-.
sissippi will run into millionI
Of dollars.
The Red Gross began eStab-
fishing an emergency field dis.
aster headquarters at Mont
gomery, Ala. for flood victims
in the stricken areas.
At least IL persons have died
In Southern flood waters
caused by torrential rain,
which lasted most Of last week
Alabama Hard Hit
Stricken areas at Q glance
Alabama-Montgomery and
Central Alabama worst hit. Al
least 3,240 evacuated, including
about 1900 at Montgomery and
TOO at Selma. Alabama River
at Montgomery reaches record
level Of more than 23 feet
above flood stage. Gov. John
Patterson to ask for Federal
disaster relief.
Mississippi - H attic 8 burs
worst hit with $500 refugees
About 5000 evacuated in State
Damage estimated up to $1C
million. Gov. Ross Barnett ap.
'peals to President Kennedy tc
declare flooded areas major
disaster area. Leaf River re.
ceding slowly at Hattiesburg.
Georgia a-Colu m bus and
West Point on Chattahoochet
River at Alabama line suffer
most damage. Police at Colum.
bus estimate 1000 evacuated
Evening star., 1961-02-27

~ SS1ooA4AC0 C1AAHAOyC GO
has risen from GS-5 to GS-6.
Grade 8 pays an annual salary
ranging from $4,830 to $500.
The CSC study showed a re-
duction in routine tasks and an
increase in Government Jobs
requiring technical or profess
Senal skills and abilities. To-
4sy so per cent Of Federal en-
ployeS are doing jobs that were
unknown before World War II.
There have been substantial
increases in the number Of jobs
in grades II ($7.56O) and above.
Employment in professional
Jobs in grades 5 ($4,345) and
above increased "a per cent
during the past five years. Top
grade in Government Is GS-18,
which pays $l8,500 q year.
The number Of lower-grade
jobs has decreased markedly
during the past five years.
There has been q % per cent
drop in the number Of typists
employed by Government. Au-
tomation Is responsible for most
Of this reduction. For example,
much Of the drop was attrib-
uted to the use Of quick-copy
office equipment that cuts down
the need for typed copies. ~
The number Of GS-l Jobs
($3,1SS o year, has dropped by
IS per cent during the last five
years. The number Of grade 2
jobs has decreased by 90 per
cent during the same period.
There was Q Is per cent de-
crease In the number Of grade
8 positions. Grade I jobs In
creased II per cent over 1855.
Most clerical, tipping and steno-
graphic jobs are in the first
four grades.
The trend In Government
these days is on the profess
sional man and woman, the
scientist, the engineer. the
technician, the administrator,
the accountant, the managerial
and executive type, etc.
Nothing Is more antedated
than the long held public view
Of the typical Federal employe
as Q Government clerk" To-
day the accent in Government
Is on the professional person
and the specialist. OF course,
the need for clerical personnel
win always continue, but even
in this field the use Of tech
nical and automatic equipment
to make clerical work quicker
and more accurate will require
skills that win make clerical
employees more valuable and
give them more job prestige
than ever before.
----+zsz
LEAVE BILLS = Legislation
has been sponsored in the
House to save the annual leave
Of GOvernnnelt employees whan
they are unable TO use Il he
cause Of no fault Of their own.
Under present law. employees
with more than 30 days Of an
nual leave accumulation have
to use all Of their annual leave
they earn during a year by the
end Of the year or else lose the
Unused portion.
However. often a heavy work
load or the exigencies Of pub
lie business have resulted in
agencies being unable to give
employes enough time off TO-
use all Of their annual leave
they have earned during the
year.
The bills introduced would