davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-11-02
- " v" OPP'VNOi' no moH OF teteP
Remnonts-FTdoy only
Save on
End-Of-Seoson
Dresses From Our
Foshion 5th Shop
" OFF or More


regularly 6.99 to 1925
From group Of ZOO fIotterins house
dresses and eouIottes choose cotton
prints, sheers, linens and piques, oil
better daytime fashions. Also eIeor
eoloFs and checks in the group.
Misses and hoIf sizes.
WGL-Foshon 5th Daytime Dresses,
5th Floor, Washington Store
Evening star., 1961-11-02

Clearance of Showroom Samples of
Fine Mattresses and Box Springs by
Leading Makers
Choose luxury mattresses and box springs by Steon Foster
Simmons Twin double sizes with smooth, tufted
Evening star., 1961-11-02
Mems Outercoots
Greatly Reduced
comparable vaiHe 00 on

comparable vaiHe 00o0
$3.50 and more ZTN
Sizes in group include one 5S reg
ulor; three 46 regular; one AZ short
and three ~ long.
4 Roineoots, trench-eoot styles. Two
"A reeulor; one AZ long and one 46
long. Comparable value more thon
double, 1000
WGL-The Mems Store, End Floor,
Washington Store
Evening star., 1961-11-02

W6L-Stotionery, lst Floor,
Washington Store
Evening star., 1961-11-02
Fomous Name
Women's Shoes

comparable values
I2.99 TO 1926
Evening star., 1961-11-02
Remnonts-Fridoy only
SoVe, 500 on
Art NeedIework

comparable value Now
Evening star., 1961-11-02

comparable paIHeS
1875 to $500
100 Dresses, looeo wooIs, wool
knits, blends Of 5oo6 orIone oeryIie
and 500 royon, also IS % Daeron9
polyester and 3596 cotton blends.
cIossie sheoths, ioeket dFesses otter
five dresses and shirtweist styles.
Regular junior sizes Sis, Junior
Petite sizes for 81" and under 5-I3.
WGL-Juniors' Dresses, 4th Floor,
Washington Store
Evening star., 1961-11-02

Mony other pieces not listed
WGL-Furnture, 9th Floor, Washington Store
Evening star., 1961-11-02

billed, morred or otherwise imperfect.
Evening star., 1961-11-02
Remnonts-Fridoy only
Bows Knit Shirts
at Big Savings

comparable vaIne
3.99 to 4.99
Evening star., 1961-12-04
Bankruptcies
Climb Sharply;
Tactics Hit

A steep and sudden rise in
personal bankruptcy cases is
blamed by a credit expert partly
on the questionable tactics of
some lawyers.
Personal bankruptcies are
being filed at a record rate of
141 900 a year. said William j.
Cheyney, executive vice presi-
dent Of the National Founda-
tion for Consumer Credit. The
rate compares with fewer than
100000 cases in 1860, he re-
ported.
Ninety, per cent of the court
filings represent persons who
found themselves struggling in
debt because of installment
payments arising from new
cars. furniture. appliances or
other consumer items.
But Mr.. Cheyney, addressing
a. business outlook conference
of the United States Chamber
OF Commerce, said a high per-
centage of the individual bank
ruptcies is centered in three
or four localities of the coun-
Try" He mentioned Southern
California. the Chicago area,
and. to a lesser extent, North
ern California.
1T is no secret that in 6
few areas. people have been in
vited openly to take the oank-
ruptcy escape route from the
slightest financial difficulty"
Mr. Cheyney said.
lone is constrained to esti-
mate that a large percentage Of
such bankruptcies is unreces-
sary and avoidable: does not,
in fact. reflect a weakness in
the consumer credit situation
anything like comparable to
the incidence rate of bank
rutcy in such areas"
When questioned by repert-
ers, Mr.. Cheney suggested that
the invitations" into bank
ruptcy court were extended by
some lawyers who stood to gain
through the legal fees paid
them for handling the cases.
sMr. Cheyney said the Ameri-
can Bar Association now has a
subcommittee working on the
problem, and disclosed that his
own organization of credit
agencies hopes to launch an
attack on it next year.
Evening star., 1961-12-04
YOUR
MONEYS WORTH
'Forecosting Derby Is On
~ SYLVIA PORTER

casting the identical tool.
which the country's most re-
Spected economists use.
OF course, business forecast:
ing is not an exact science
1t is and always will be ar
art, for the accuracy of a pre-.
diction depends on the skill oi
the analyst, his ability to put
the statistics into the right
combinations, to distinguish
between false and real signals
to give proper weight to the
unknowns. AS one startling
Illustration, President Eisen.
hower's chief economic adviser
Raymond Saulnier, chairman
of his Council of Economic Ad.
visers and an economist who
had been trained at the Ma.
tional Bureau-had all the in.
dicators at his finger-tips ir
1860 but he failed to identify
the 1860 recession and he nevel
did admit its existence!
Today's economists have &
far better chance Of being &C.
curate than yeSterday's-anc
incidentally, a re-reading o.
the December-January fore
casts of a year ago discloses {
high level of accuracy on 1857
trends.
Preliminary soundings revea
a majority opinion that tht
young upturn of 1861 will con
tinue through 1862.
Evening star., 1961-12-04
BUSINESS
BRIEFS

Corporation Dividend in.
creaSes in November totaleo
140 compared with 81 in Octo.
ber and l09 in November. 1860
Extras totaled 295 VS.. SO the
previous month and 274 a veal
ago. There were 19 reductions
VS.. 80 in November, l96O.-Dur
g. Bradstreet.
Western Electric Co. received
two Army contracts totaling
SLAB million for work on the
Nike Hercules surface-to-ail
missile system.
Evening star., 1961-12-04


officials last Friday.
Commercial banks had been
limited by Federal authorities
to paying a maximum of 3 per
cent on savings.
American National President
Warren H. Lasher said the ex-
ecutive committee of the banks
board of directors met at 10
am. today to approve the
higher interest payment.
Regulation Adopted
Mr.. Lasher said the bank
adopted. in its entirety, the
new regulation announced by
the Federal Reserve. This en-
ables' the bank to pay 4 per
cent interest on sums which
remain on deposit for a year
or more. and 3l2 per cent on
funds which have been on de-
posit less than a year.
American National was the
first in the Washington area to
advance it's savings interest to
3 per cent several years ago
when higher ceiling was au-
thoriZed from gig per cent. 1t
was also the first area bank to
announce daily interest on saw
ings deposits earlier this year.
Assets Up Sharply
I'VE have always sought to
make thrift possible for our
customers, and welcome this
opportunity to provide even
greater incentives for savings
in the Washington Metropol-
itan Area" said Mr.. Lasher.
Our daily interest program
was designed to give our de-
positors the most generous re-
turn permitted under Federal
regulations" he added, but we
recognized it was not a sub
stitute for the higher rate paid
Evening star., 1961-12-04

at other institutions. The higher
rate structure authorized by
Federal Reserve Board provides
us with the means of doing a
better job for our depositors,
our community, and in the final
analysis for our stockholders. "
American National, formerly
The Bank of Silver Spring, on
September 27 reported a gain
of nearly 26 per cent in total
assets and of "a per cent in
total deposits from that date
in 1860. 1t is a member of the
Financial General Corp. group
of banks, has three offices in
Montgomery County and plans
to open a new office in Be-
theSda January 2.
Evening star., 1961-12-04
ON WHEELS
Ready for q Double e-Toke?
By CHARl eS YARBROUGH

What will prove to be one
OF the most outstanding auto
motive eye-catchers from Eu-
rope in years is on it's way tc
Washington in growing num-
bers the next two months.
But the real beauty of the
brand new Swedish Volvo r
1900 sports coupe is that the
beauty is far more than skir
deep. There will be a lot OF
neck-stretching when you see
your first one, but the scram-
BILE would be riotous If a gen.
erous driving invitation went
out. -
The 1900 was announced
more than six months ago, but
production difficulties were en-
countered and the trim, little
beautiful beasts are just now
approaching these shores in
any number.
1t was more than a pleasure
to drive one last week-a SOL
idly-built, unbelievably
and vibrationless machine with
immaculate attention to inter-
ior fittings.
The mechanical beauty OF
this one is the five-bearing
crankshaft-the reason for
such vibrationless performance
For the ladies, the five-bear-
ing crankshaft does essentially
the same thing as five supports
would do to a long clothesline
or how much better five such
supports would be than three)
For the uninitiated, il
wouldn't be wise to bet whether
there was four-cylinder or q
V-8 under the hood. 1t is q
sports car. 1t handles like one
yet its ride is good enough tc
please the sports car driver OF
his grocery shopping wife.
Volvo-t third best-selling i'm
port this year in the United
States and first in its price
class-also introduced the new
BIS, with the same five-bear.
ing crankshaft and mechanical.
improvements that have beer
made on the sports coupe.
= 4
The Sports Car Club Of
America has a full December
schedule, beginning with the
Christmas party and awards al
the Presidential Arms mex
Saturday. The Team Trophy
Rally will be held at the Wild.
wood shopping center, Be.
thesda. next Sunday and the
annual meeting, Prince George.
Plaza. Hyattsville, December IL
The SEGA national conven,
ton is scheduled for the Sher,
atom Park Hotel here Februar,
$40.
Three new ones from thu
domestic factories will be ap.
pearing soon.
Cadillac will introduce thu
Series Sixty-Two four window
sedan to bring the 60th ami,
yersary lineup to 13 models.
Dodge is making the 1876:
Lancer available with a sliding
sunroof through Golde Body
Parts division as a $225 op.
ton.
Designed and custom-crafte,
in the Cotner-Bevington plant
Blytheville, Ark, the new Olds
mobile limousine is a nine.
passenger piece of splendor.
i y 4
Anyone else ever been driver
slightly silly by Paris traffic
particularly on the Champs
ElyseeS at the Arc?
Now a Frenchman, Paul Gui,
Evening star., 1961-12-04
Eurninqs

ArgO Oil in 8 months ended
September 80 earned $4,l42,885
or S2.l4 a share VS.. $3,406,8l2
or $1.76 in 1860 period.
Amalgamated Sugar in year
ended September 80 earned
$3,561, 400 or S1.60 a share VS..
$3,988.703 or $1.81 in 1860.
Brach & Son in year ended
September 80 earned $685.
09l or $3.11 a share VS.. $3,123,-
2l4 or $2.74 in 1860.
Geo. A. HORNED e. Co. in year
ended October % earned So
l47.435 or $2.63 a share VS.. $4,-
532,6l6 or $3.79 in 1860.
United Artists Corp in 8
months ended September 80
earned $3,014,000 or STA a
share VS.. $2.9s7, 900 or SITS
in 1860 period.
Transmitted Industries In
year ended July 81 had a loss
Of $2,705.846 VS.. a loss of ST.
576.157 in 1860.
Rance. Inc, in year ended
September 80 earned $2.217.297
or SO cents a share VS.. $685.
1873 or $l.65 in 1860.
National Can Corp. in IL
months ended October 81 earned
$2,058,47l or $1.33 a share VS.
$1,105.533 or 70 cents in 1860
period.
GencscO, Inc. in 3 months
ended October 81 earned S2.-
349,000 or So cents a share VS..
$3,600,000 or 95 cents in 1860
period.
ACF Industries, Inc, in &
months ended October 81 earned
$2.383, 900 or $1.68 a share VS.,
$2,984,000 or $2.10 in 1860
period.
Interstate Vending in year
ended June Is earned $1.307, ,73A
or 80 cents a share VS.. $765 1854
or IS cents in 1860.
Pitts. g. West Va. Rwy. in 10
months ended October 81 had a
loss of $1,605,024 VS.. a loss Of
$39,126 in 1860 period.
Neiman- Marcus in 8 months
ended October 81 earned $685.
1877 or 80 cents a share VS.
$378,496 or 81 cents in 1866
period. '
Evening star., 1961-12-04
SBA Licenses
Firm Headed
By 1Wininq

The Small Business Admins
tration announced today Ii
censing OF Capital Growth
Corp. Of America as q small
business investment company.
Gen. Nathan r. Twining, for
mer chairman Of the Joint
Chiefs Of Staff, will head the
new Washington -headquartered
company as he is currently vice
chairman Of Holt. Rinehart Il
Winston, Inc, New York pub
fishing house.
The firm, located at 1000
Vermont avenue NV, plans to
supply equity capital and long
term loans to small businesses
in diversified fields. 1t will CEN
ter its activities in Florida and
the District.
It will begin operations with
$320,055 all privately sub
scribed. Capital Growth Is the
seventh such small business in
vestment company to be estab-
lished in the District and the
eighth in the Metropolitan
Area.
C. Robert Mathis, senior part
ner in Davis, Richburs, Ty-
dings. Landa and Duff, local
law firm, is president, execu-
tive committee chairman and
general counsel of the firm,
Vice presidents are Laurie c.
Battle, former Alabama Con-
gresham, and Colin H. Weir,
who will also serve as invest
ment manager. He formerly
was associated with the SBA.
Dan A. Kimball, former Sec
retary of the Navy, is vice chair
man of the advisory board.
James T. Welch, also g senior
partner with Mr.. Mathis. is
secretary. j. Emmet Judge,
product planning manager Of
Lincoln Mercury Division Of
Ford Motor Co., is vice chair
man of the company's execu-
tive committee.
Claude S. Lawson, board
chairman of u. s. Pipe b
Foundry Co. and Of United
Concrete Pipe Corp, is chair
man of Capital Growth's ad-
visory board. =
Evening star., 1961-12-04
CHICAGO
LIVESTOCK

CHICAGO, Dec. 4 (AP) (UsDA).-
Hogs, 10000; fairly active, butcher
ana sows steady to strong; fair ship
l.. averaging 213 lbs. 1925; bull
supply mixed l-3 190-24O lbs. 1928
1855; 1-2 19O-225 lbs. l6. .75-17 90
mixed 1-3 and 2-3 24O-270 lbs. l6 90,
1850: mixed Ia 3OO-4OO ID. SOW.
l3.50-l4.75; 2-3 and 3s 100000 lbs
Cattle, 10000; calves 100; slaush
ter steers slow. steady to so lower
heifers fairly active, mostly steady
vealers. firm; several loads of prim,
1,20O-1 800 ID. steers 27.75; bull
choice and prime 950-l, ,450 lbs 25 %
"a 80, load lots mixed good and choice
l .00O-1 .l50 lb. steers included a.
25.25-25.75; most good grades 1918
sGG Ssfe9s geHfsEaFs Of f.R prime IS.ss oIS ,,s2 d
choice and prime heifers 25.5O-25 .65
good and choice 23.0O-25.5 so: stand
ard and good vealers 19.00-25.00.
Evening star., 1961-12-04
Roll Line Control
Seen as B&W's Aim

BALTIMORE, Dec. 4 (AP) -
The Norfolk g. Western Rail-
way Co. seeks to control the
Western Maryland Railway
either through merger or stock
control, the Baltimore Sun re-
ported.
The newspaper said the N&W
hopes to purchase the Western
Maryland stock now held ir
trust for the Baltimore g. Ohio
Railroad and the stock pur-
chased in recent months by the
Chesapeake g. Ohio Railway.
The BIO owns slightly more
than a. per cent of Western
Maryland's stock and C&O has
purchased about IA per cent
this year, the article said.
Evening star., 1961-12-04
Gerber Plans Drive
To Meet Competition

Dan Gerber. president. told a
nationwide sales manager
meeting of Gerber Products Co.
today at the Shoreham Hotel
that the company intends to
run hard and we must run
scared" to meet competition.
He reported the baby food
company's sales for the six
months ending September 80
totalled $75.262,S 500, up more
than SIS million for the period
last year. Net earnings rose
by S633.701 to S4.506,7l5 in the
1861 period. The annual ses-
sion lasts through Thursday.
Evening star., 1961-12-04

hard, New York correspondent
for Agence France -Presse, takes
a look at traffic on this side
Of the Atlantic and comes ur
with some understandable crit
icism.
Writing in the current issue
of the Ford Times, he calls
traffic signals in city streets
a positive" menace. You
never know where they are go.
ing to show up next and In
too many cases they can be
obstructed by tall trucks.
In France, you know that
at an intersection the light will
be in such and such a place
Sometimes only one light
serves a six-street intersection
and often they are placed
against a background of neon
signs which make them next
to impossible to find. Some
times they are on top of you
sometimes to the right, the
left; sometimes even three
blocks away and you're left
with an idiotic little sign which
says stop here on red signal
the signal that's three blocks
away, that is
Buick sold 34,449 cars from
October 81 to November 20
the best similar 30-day perioc
Buick has had since 1858.
Pontiac is offering specia
heavy-duty equipment for Gus.
toners who plan to tow a boat
or trailer. Simca sale,
have risen sharply since in.
PRODUCTION of the new Simcs
"5' in Washington.
Evening star., 1961-12-04
Louis Dawson Retires

NEW YORK, Dec. 4 APP
Louis w. Dawson. president of
Mutual Life Insurance Co. of
New York from 1850 to 1859,
has retired as chairman of the
company's board of trustees
Mr.. Dawson. 65, will continue
as a trustee.
Evening star., 1961-12-04
II WA AirIiners
Bought by Piedmont

ROANOKE, Va, Dec. 4 ZAP.
Piedmont Airlines said today
it. has purchased II 40-passen-
ger Martin 404 airplanes from
Trans World 'Airlines.
Piedmont President T. H.
Davis announced the Sc, 900
purchase from his headquarters
at Winston-Salem, N. c. -
The planes will replace Pied
mont's fleet of DC-3s. which
will be thrown out Of service in
1862.
Mr.. Davis said the first 404
service on Piedmont is sched-
uled for about January is.
Evening star., 1961-12-04
Mortin-Mdrietto
To Move Quarters

The Martin Marietta Corp.
yesterday announced plans to
establish its headquarters in
New York.
George B. Bunker, president.
said in Baltimore the new site
will be occupied shortly after
January l. Washington. D. c..
had been considered among
other cities as possible head
quarters.
The company was created
last October through a merger
of the Martin Co. in Baltimore
and American-Mariette Corp.
Evening star., 1961-12-04

Today marks the official
opening of the annual fore
casting derby" From now
through early January, bust
nessmen, labor leaders and
economists will be predicting
what will happen in business
in 1862.
This forecasting derby should
turn up more winners and
near-winners than any other
Never before has there been SC
many reliable, tested tools and
statistics on which to base
judgments.
There are. for instance, the
IL leading indicators" selected
by the National Bureau of Ec-
onomic Research as leaders
because they have been re-
markably consistent in indi-
eating months in advance an
approaching business upturr
or downturn.
Included here are: The av-
erage Of hours worked in fac.
tories, the rate of hiring and
layoffs in manufacturing, new
orders for durable goods, hous-
ing starts, commercial and in.
dustrial building awards, new
business interpretations, failure
liabilities, net corporate prof
its, common stock prices, tota,
changes in inventories. indus
trial raw materials prices.
indicators Listed
There are the nine "coinci-
dent indicators" also selected
by the NBER. which keep pace
with a business cycle, sigma
the speed and extent of ar
upturn or downturn.
Included here are: Nonagri.
cultural employment, the un.
employment rate. industria
production, gross nationa,
product, bank debts outside
New York City. personal in.
come, retail sales, nonfooc
wholesale prices.
There are the five "laggins
indicators" which turn up OF
down only after a cycle is wei
under way.
Included here are: Busines.
expenditures for plants anc
equipment, labor costs per uni
of output, changes in invetorie,
in manufacturing, installmen
credit. the interest rate OF
bank loans.
And there also are the au,
thoritative surveys on con,
sumers' plans to buy and OF
consumer psychology, the sur
veys on businessmen's plans t,
buy and on business pycho
logy. hundreds of additiona
indexes.
So far has work progressed
on the indicator method" O
business forecasting that Juliu
Shiskin. chief economic stats
tician at the Census Bureau
has just issued a report en-
titled Signals of Recession ant
Recovery" in which he de-
scribes the indicators at length
calls them "a tested system
} for providing earlier warnin,
of business recessions and re-
coveries" which can improve
the chances of making a gooc
forecast of short-run economi,
trends"
Special Report
So confident is the Govern.
ment of the value of the in.
dicators that the Census Blu.
reau has for the first time be.
gun to publish all the indexe,
; in a special monthly report
in effect giving the business,
man who wants to try hi.
hand at do-it-yourself fore.
Evening star., 1961-12-04
American National Acts
To Raise Rate to 40
On Savings January I
BY TRUMAN r. TEMPLE
Starr staff Writer

American National Bank of Silver Spring moved quickly
today to adopt Federal Reserve regulations permitting
the bank to pay cent interest to depositor
effective January /.
merca bank in the Nation to adopt the higher ceiling an
Evening star., 1961-12-04

Following prices furnished by the
National Association of Securities
Dealers in Washington represent the
range within which locally active secu-
rites could have been bought or sold
at l pm Monday, December 4:
Evening star., 1961-12-04
TREASURY BONDS

NEW YORK (AP) Noon over the coun-
ter U. S. Government Treasury bonds,
bid, asked, net change and yield for Mon
Evening star., 1961-12-04
Special Report

So confident is the Govern
ment of the value of the in
dicators that the Census Bu-
reau has for the first time be-
gun to publish all the indexes
in a special monthly report -
in effect giving the business
man who wants to try his
hand at do-it-yourself fore
Evening star., 1961-05-06
Mixed Dutino
Ban Denied
ByUniversity

SYRACUSE, N. Y, May 9
(AP. - Syracuse University
has denied q published report
that 1t has an official policy Of
"discouraging dating between
students Of different religions
and races"
The Daily Orange, student
newspaper. leveled the charge
yesterday after two white goods
claimed . student dean told
them their parents would be
notified If they continued go
ing out with non-white boys.
Miss Marjorie Smith. dean
Of women, told $50 students as
sembled at an hour-long pro-
test meeting yesterday that she
never had written any parents
about girls dating habits.
She acknowledged that she
at times advised girls to write
parents themselves.
In the case of the two girls.
the dean said she had talked
to one about dormitory sched-
ules that require students to
be in at specified hours, not
about mixed dating.
| Miss Smith said she did not
know the other girl.
Neither girl was identified.
The university docs not dis
criminate against religion, race,
creed or anything else" DR..
Eric Faigle, a university vice
chancellor and dean Of the
Liberal Arts College, told stu
dents. F1