davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-05-25
Interstate Holders
Vote 3 for ! Split

NEW YORK, May Is (AP) -
Interstate Department Stores
stockholders today authorized
q three-for-one stock split.
They voted an increase in
common shares to 3 million
from 100000. The split would
be effective May 20.
Sol w. Cantor, president
said 1861 sales were expected
to hit $160 million in the year
ending next January 81. COM
pared with Sis million in
the business year ended last
January 81. Mr.. Cantor fore
saw a Significant" increase
in net income over the $4.13
earned last year.
Interstate last year acquired
10 discount stores of the Topps
chain, and opened two other
units. It now has so stores, 81
of them discount operations
Evening star., 1961-05-25
YOUR
MONEYS WORTH
Recovery Pace Quickens
BY SYLVIA PORTER

that. while prices will rise in,
coming months, the rise will be
kept within reasonable limits.
By this time in 1862, we
could be moving close to the
economic ideal-peak produc-
ton, peak paychecks, peak
profits, peak employment, toll
erably low joblessneSs, toler-
ably stable prices.
distributed 1861 by The Hall
Syndicate, Inc. AL Rights Reserved)
Evening star., 1961-05-25
n. Y. Central
Profit in 81
Sill in Doubt

ALBANY, N. Y, May rs (AP) i.
Alfred E. Perlman, president,
said today, II honestly don't
know" whether the New York
Central Railroad Co. will show
a profit for 1861.
with a fast pickup we could
be in the black but / don't
know whether we're going to
get it," he said.
Mr.. Perlman said the Gen.
trail would show a substantial
deficit for April.
He discussed the roads finan-
cial situation with reporters
on special train carrying 500
stockholders from New York
City to Albany for the rail-
roads annual meeting.
He said that, although a slide
in freight revenues had bot
toned out in March and was
rising slowly, the months of
May, June and July could fin
ish in the red.
The Central showed a loss
Of more than SIT million for
the January-March quarter.
The stockholders session was
expected to produce an airing
Of the Eastern railroad merger
situation.
Although the subject of mer-
ger was not on the agenda,
railroad officers were prepared
to explain, and, if possible,
generate new steam behind,
their drive for consolidated
merger hearings in Washing
ton.
Perlman said that, although
he was an optimist, II find it
hard in my own heart to see
a boom coming.
The deficit for April, still to
be announced in detail, will
compare with net income of
about $1,250.000 in the COM
parable month of 1860.
Evening star., 1961-05-25
ALB Delegates Plan
Trip to Seattle

Delegates of Washington
Chapter, American Institute of
Banking, will leave here by
plane tomorrow for the Abs
59th annual convention in
Seattle, Wash, May 29-June 2.
Members of the group will
include: John w. Crutchfield
Of Riggs National, chapter
president, and Mrs. Crutchfield;
Ralph H. Mittendorff of Ameri-
can Security & Trust, past
national president and trustee
Of ALB, and Mrs. Mittendorff; !;
Harry M. Schoen1y and Donald
E. Tillson, Riggs; L. Gilbert
Vance, Suburban Trust; Oscar
w. Sellars, Potomac Bank &
Trust of Fairfax County, and
Emil C. Nobs, National Cash
Register.
Mr.. Tillson will represent the
chapter in the national ALB
public-speaking contest.
Evening star., 1961-05-25
Crown Photo Nets
81 Cents q Share

Crown Photo, Inc, and its
various subsidiaries had con-
solidated profit of $403,000 or
81 cents a share after taxes in
1860, reported Martin L. Schulz
man, executive vice president,
in San Francisco today.
The company expects a size
able increase for 1861, he
added in an address before the
San Francisco Analysts ASsoci-
alton. 1t dos not need any ad-
ditional financing and expects
that short-term bank borrow
ing and retained earnings will
be adequate to finance opera
tions into the immediate fu-
ture, he said.
Another important step In
the company's plan for acquisi-
ton Of other companies and
diversification will be an
nounced soon, he said.
Evening star., 1961-05-25
Central Churoe
70 Sell Shares
In Mutual Fund

Central Charge Service, Inc,
which has been furnishing
credit for customers Of member
retail stores, also has worked
out an arrangement to sell
shares in a Washington mutual
fund as a licensed broker.
More than $4,000 Central
Charge Account customers now
are being offered the op-
portunity to acquire shares in
Atomics. Physics & Science
Fund. as part of Central
Charges normal service, it was
announced jointly by j. P,
Stakeholder, executive vic e
president Of Central Charge,
and Newton I. Steers, jr., presi-
dent Of the fund.
Central Charge operates a
retail charge account service
for more than 1900 member
merchants in this area. AtomicS
Fund is q seven year = old
mutual fund with assets Of
around $65 million and 10000
shareholders.
Evening star., 1961-05-25
Dart Drug Reports
Sharp Profits Gain

Net income Of Dart Drug
Corp. amounted to $125, ,266 OF
20.7 cents a share in the fiscal
year ended March 81, compared
with $63,142 or 1853 cents q
share in the preceding year, ac-
cording to the annual report
distributed yesterday.
Sales aggregated $5,917,892
for the year VS.. 1851, 1898 in
the preceding period. Total in
come reached $6,042,858 VS.,
$3,708,950.
Current assets totaled ST.
615,942 at the year end and
current liabilities amounted to
SAT, the report said.
Evening star., 1961-05-25
Prichurd Named
Head Of Capital
Buying Agents

Walter M. Prichard, purchas-
ing manager of Emerson
Research Laboratories, has
been elected president of the
Washington Purchasing Agents
Association.
Mr.. Prichard teaches indus
trial purchasing courses at
American University and is
past district chairman of pro-
fessional development for the
National Association of Pur-
chasing Agents. He has degrees
from the University of Mary
land and American University.
His company is a division Of
Emerson, Inc.
Mr.. Prichard will be installed
with other officers at a May
flower Hotel dinner on June II.
He succeeds Alvin M. Sebastian
of the Washington Brick Co.,
who was elected national
director.
Other new association Off
GERS are: William F. Curtin, In
ternational Bank for Recon-
Struction and Development
first vice president; Leonard A.
Larson, Evening Star Newspaper
Co., second vice president;
Leroy S. zepp, Ginn's Stocket-
Fiske Co., treasurer; Anthony
A. Agnew, ]. B. Kendall Co.,
assistant treasurer; Ruth A.
Palmer, Logetronics, Inc, sec
retary; Mary Wibel, National
Education Association, finan-
cial secretary.
Elected directors we're: John
]. Rooney, Melpar; Catherine
L. HesSe, Government Services,
Inc; James H. Keyes, National
Dairy Products; Oliver E. Davis,
Washington, Virginia and
Maryland Coach Co.; Dalton A.
Cook, Mayflower Hotel, and
John w. Bobbitt, Darby Print
ing Co.
Evening star., 1961-05-25
GEL|C0 Plans
50 PET. Stock
Dividend

Subject to approval by stock
holders, directors of Govern
ment Employees Life Insur-
ance Co. have declared a so per
cent stock dividend to effect a
3-for-two split in capital stock,
payable July 81 to holders Of
record June 5, President L. A.
Davidson announced yesterday.
They also declared a semi
annual cash dividend Of 1871
cents a share, payable June 80
to holders Of record June 2.
Stockholders will vote at a
special meeting at 10 am. on
Thursday, June 20, on a board
resolution proposing an in
crease in authorized capital
stock to 662, ,274 shares of $1.50
par value from 100000 shares
of such stock.
If the share increase is ap-
proved, directors plan to issue
220,758 additional shares on or
about July 81 to holders Of
record at close on June 5 at
the rate of one share of divi-
dend stock for each two shares
held on such record date.
The amount of $331,137
representing par value of the
additional capital stock will be
transferred from unassigned
surplus to the capital account.
This would increase outstand-
ing capital stock to 662,274
shares from 441,516 and the
amount of company capital to
1898, All from $662,274.
Assuming no substantial
change in business conditions
affecting the life insurance bus
mess, directors declared their
intention Of fixing an annual
cash dividend rate Of 20 cents
a share on the 662,274 shares
outstanding after the stock
dividend.
Evening star., 1961-05-25
ASBIC Investments
Reach 81. .3q5.852

Investments Of Allied Small
Business Investment Corp.
totaled $1,395,S53 on March 81,
end of it's fiscal year, COM
pared with $699,396 a year
earlier, it was disclosed today
in the annual report from
President George w. DeFran-
ceauX.
The year brought gratifying
and significant results and net
income after taxes and re-
serves amounted to $48,781 or
81 cents a share on $780, ,495
shares outstanding, he said.
Allied directors voted q 5
per cent stock dividend on
April 81 and became the first
Federally- licensed small busi-
ness investment company in
the Nation to declare a divi-
dend Of any kind, he pointed
out. .I..,.
Evening star., 1961-05-25

Westinghouse Electric Corp.
says first quarter sales Of its
air conditioning division ex-
ceeded by IL per cent results
for the same period last year.
Raymond K. SerfaSs, division
manager at the Staunton (Va.O
headquarters disclosed no
figures.
Building Permits issued in
200 cities last month reached
a total value of $7l7,075,697, a
10-month high and Al per cent
above the March figure and
almost 81 per cent above April.
1860. In the first four months
of the year permits covering
Evening star., 1961-05-25
Savings and Loan
ExecutiYes Leave

lAround 300 Washington saw
i1gS and loan executives, their
wives and guests left this after
noon for the SD annual meet
ing Of the District Savings and
Loan Association which opens
tomorrow at he Homestead in
Hot Springs, Va.
About half of the group
boarded q special Chesapeake
& Ohio Railway train at Union
Station and the others are ex-
pected to motor to Hot Springs.
First business session of the
meeting will convene at $50
am. tomorrow morning and
the second will be held Satur-
day morning, The group will
spend afternoons in a busy
sports program. It will return
Sunday.
Evening star., 1961-05-25
G0rfinckeL Board
Declares Dividends

Directors of Julius Garfinc-
kel & Co. have declared a
quarterly dividend Of IS cents
a share on common stock and
a quarterly of 281s cents a
share on the AZ per cent con-
vertible preferred.
Both dividends win be paid
June 80 to stockholders of rec
ord June Is.
Evening star., 1961-05-25

The pace Of the business re-
covery is quickening. Evidence is
accumulating that this may be
another "V" shaped resurg-
ence and rank as a faster
comeback.
It's too early to be positive
about it. Majority opinion still
is this will be a saucer-shaped
"U" type Of advance. In the
early stages of an economic
recovery, growth always is
steepest and most general.
Observers who take the view
that this will be a really vigor-
GUS recovery lean more on in
stinct than on facts. Still Il.
Improvement Noticeable
The improvement in the
business indicators which turn
up before an advance is now
acroSS-the-board. Particularly
impressive is the fact that in
April both manufacturers sales
of durable goods and new ord
ers jumped 4 per cent, an ex-
traordinarily large m onthly
gain in each case.
The improvement in the
business indicators which CO.
incide with the development of
an advance is moving toward
100 per cent. Particularly pro-
vocative here is the fact that
in April industrial production
climbed 2.5 per cent.
The improvement in the
business indicators which lag
behind an advance is starting.
In this case, the vital point is
that manufacturers will have
to begin rebuilding their inven-
tories very soon If their sales
and new orders continue rising
and: once rebuilding Of inven-
tories gets underway, the whole
economy will get a great lift.
There is the possibility that
several major forces will swing
into operation simultaneously
and launch a strong upturn.
Many government spending
programs are just getting into
gear and some programs are
yet to be voted by Congress.
While businessmen say they'll
spend / per cent less on new
plants and equipment this year
than last, that minus could be-
come a plus easily and quickly.
Housing has turned sharply
higher, auto production is re-
viving. The Federal budget is
in the red. but only moderately
so, and the Federal Reserve
System won't have to clamp
down on credit as it did in
1958-59 to tray o offset infla-
tionary dangers.
Advance Increasing
You won't find proof Of this
advance in the statistics. That
proof will emerge only if and
as the power Of the advance
becomes an obvious fact.
There is q good likelihood
Evening star., 1961-05-25
NYSE Picks KeIIstudt

NEW YORK. May Is (AP)-
Charles H. Kellstadt, chairman
of the board of Sears, Roebuck
g. Co., has been named a public
governor of the New York Stock
Exchange. He succeeds Thomas
J. Watson, jr., board chair
man of international Business
Machines Corp, who is COM
pleting his third one-year term.
Evening star., 1961-05-25


market at SO to yield 4.36 per-
cent per annum.
The debentures will be dated
June IL and will mature June
IL, 1878. They will be issued in
coupon form only in denomina-
tions of $1,000, $4,000. $4,000,
$50,000 and 100000.
The offering was made
through FNMA's fiscal agent,
John H. Claiborne, jr., New
York, assisted by a nationwide
selling group of recognized
security dealers.
Net proceeds together with
other funds will be used to re-
deem 5000 million of deben-
lures which mature June IL,
1861. The maturing debentures
may be redeemed at any Fed
eral Reserve Bank or branch.
Evening star., 1961-05-25
Kieffer to Address
Bank Women

Jarold A. Kieffer, secretary
and staff co-ordinator Of the
National Health Center, will be
guest speaker at the Goth an
nual spring meeting of Capital
Group, National Association Of
Bank Women, at Columbia
Country Club Saturday night.
Mr.. Kieffer will give an illus
trated talk on the National
Evening star., 1961-05-25
Bank Audit Group
Schedules Meetinq

The Audit, Control and
Operations Section of the Dis
trict Bankers Association will
hold its 33d annual meeting
at Columbia Country Club on
Saturday, June 8.
Chester B. Sellner of Ameri-
can Security & Trust, will pre-
side and announce results of
the annual election of officers.
A social hour will precede din
ner and dancing.
Evening star., 1961-05-25
CHICAGO
LIVESTOCK

CHICAGO, May % (AP).-UsDA)
Hogs $500; moderately active, butch
erS steady to weak, instnces 25 lower
on weights over 240 lbs; sows steady
to rs higher; good shipping demand
and good clearance; mixed l-2 l0O-220
lb. butchers 17.75-18.00 mostly I7.7b-
1885; mixed 1-3 19O-235 lbs. 1900
1875; mixed 1-3 and 2-3 2OO-25O lbs,
16.25-17.00, mostly 16.5O-17.OO; ga
250-3Q0 lbs. 15.75-16.25: mostly IS
2S0-330 lbs. 10 5.25-15.75: some around
375 lbs 1880; mixed 1-3 100000 ID.
sows l4.50-15.50: 2-3 400-60O lbs.
Cattle ZOO; calves none; slaughter
steers average choice and below steady
to so higher with hardly enough on
sale for a price test; high choice and
prime. steers absent; not enough heifers
on sale for price test; other classes
about steady; few loads and lots good
and choice 1,000-1,35 lb steers 2i 90
23.00; few utility and standard 500
1000; utility and commercial COWS
15.50-17.50; Gamers and cutters 1880
100; utility and commercial bulls
17.50-20.60; good and choice veaiers
%. .Q0-30.00; culls down to 1000; two
loads mixed good and choice 915 Id.
feeding steers 22.S6; load good 760
Evening star., 1961-05-25
First Long-Term Issue
Of New Administration
Marketed by FNMA
BY DONALD B. HADLEY
Star Financial Editor

The first ongtem Federal obligation under the Kennedy
Administration marketed today $3.50 million of 12year
Az per secondary market operations debenres of the
Federal National Mortgage Association.
The $3.50 million long debentures placed on the
Evening star., 1961-05-25
METALS

NEW YORK. May % (AP).-spot
81 cents q pound. Connecticut valley.
Lead II cents q pound. New York.
Zinc liz cents q pound, East st.
Louis. Tin i IL q pound. New York.
Foreign silver 91% cents per troy
PittsburSh scrap steel No. 1 heavy
was quoted by Iron Age at 34.OO-
Evening star., 1961-05-25

Cultural Center as projected
for Washington.
He has held many important
Government posts, including
work with the Office of De-
fense Mobilization, the Hoover
Commission and the Atomic
Energy Commission. He will
be introduced by Miss Audrey
Belt Of American Security &
Trust Co., group chairman.
Evening star., 1961-05-25
OVER COUNTER

Following prices furnished BY the
National Association OF Securities
Dealers in Washington represent the
range within which locally active Sc
curities could have been bought or sold
at nm ThursdAY. NAV %.
Evening star., 1961-05-25
Earnings

American Stores Co. in So
weeks ended April / earned
$12,673,2 ,280, or $5.72 a share, VS..
$l0.756.843, or $4.88 a share, in
the 1860 period.
Associated Dry Goods in IL
to April 20 earned So
$4,000, or $4.52 a share, VS..
$9.387, 900. or $4.92 a share in
the 1860 period. For the three
months to April 90 the net was
81. .425, 900, or 70 cents a share,
on sales of $64,956,00O. In the
corresponding period last year
the net was $1,550,000, or 78
cents a share, on sales Of $64,-
633, 900.
The Pennsylvania Railroad
in the four months to April 80
had a net loss Of $15,976,715
VS.. a net loss Of $811,459 in the
1860 period.
Othar earninCc.
Evening star., 1961-05-25
TREASURY BONDS

NEW YORK (AP) Noon over the
counter US. Government Treasury bonds,
bid, asked, net change and yield for
Evening star., 1961-05-25
Advance Increasing

You won't find proof Of this
advance in the statistics. That
proof will emerge only If and
as the power Of the advance
becomes an obvious fact.
There is q good likelihood
Evening star., 1961-05-25

Partially tax exempt.
Navajo times., 1961-05-31
NE BlBlE

~ c0RNEI1US q. STAN PRES.
eeReAN sieGe SOCIETY
CHICAGO IS. ILLINOIS

given through
'EVERY GOODGFT AND EVERY
GIFT ABOVE
purchased for In speaking the chars WELL
Lord
refreshing joy of salvation. sayings
GIFT GOD, saith unto
thee Give drink
given thee Ii Whosoever drneth of this
shall thirst :" CJohn 4:1O-14l
BY all Sinners but by the God
saved For the DEATH THE GIFT
life, through Jesus Christ our Lord' from. 6:23I
For
THE
28 g.
st. Paul. referring his proclaim the
THE GIFT OF THE GRACE OF GOD (Eph 3
phasized the fact that salvation gift.
But GIFT is NOT POSSESSED
Apostle Rom 57 speaks those who RECEIVE
and of THE GIFT OF RIGHTEOUSNESS"
those who receive Christ and the salvation He wrought
find excam
UNSPEAKABLE GIFT!' I'll Cor 9:15l
Navajo times., 1961-05-31
Chapurral CouneiI
Girl Scout News
Sincerely,
Your teacher

On Tuesday, May q. the Window
Rock Lodge tables were arranged
banquet style and decorated with
white. yellow and brown chrysan-
themumS. 1t was big occ aston for
troop 275 of Fl. Defiance and their
mothers. After the flag was pre-
sented Janet Benally and Mary San
ford gave the invoC ationand the
girls sang their greeting song. Af-
ter a fine banquet, complete with
strawberry shortcake, Miss Eng
elke. their leader extended warm
welcome to the mothers present
and gave sPeci thanks to Mrs.
Ashcroft, Mrs. Yazhe, and Mrs.
Phillips who have been particularly
helpful on the troop committee and
to Mrs. Masters who has assisted
her. Four intermediate Scouts
were recognized for achieving the
second class rank: Janet Benally,
Sharon Ashcroft, Mary Louise To-
bahia and Mary Sanford. Six Brow
ME SC outs said their Girl Scout
Promise and Laws and now are
ready to ''fly-up" into Interme-
date Scouting and wear the Inter
mediate pin. The girls names are
Connie Clark. Judy Sanford, Chris
tie Ma sters. Betty Boyd, Doris
Peaches and Kathleen Palmer.
Mari1yn Mashburn is also eligible
to wear the Intermediate Girl Scout
Pin. Newly rec eived Brownie
Scouts Alberto Slinky and Cindy
Woseata are now ready to wear
their Brownie Scout pins. The fol-
lowing girls with the troop one
whole year received their years
membership star: Carol Arviso,
Sha ron Ashcroft. Janet Benally,
Beety Boyd. Elouise Cohoe, Carla
Cords, Doris Peaches, Pamela
Phillips. Patricia Parks. Judy San
ford. Mary Sanford. Mary Louise
Tabaha and Beverly Yazhe.
Navajo times., 1961-05-31
ChimIe Graduation

CommenC ement exercises for
the first class to graduate from
Chinle High Sc hool were held
Thursday at 8 pm. The fourteen
seniors receiving their diplomas
were: Leroy Abasteen, Charles S
Begay, Mike Mitchell, David Gray,
Ronnie Yazzie, Goodlow Young, Jr.
Leonard Chez Ben, Jimmie Shorty,
Emma Tub, Amy Evans, Lucy Claus
Chez, Dorothy Livingston, Shirley
Wagner and Rose Wallace.
Chinle High School held its first
junior senior prom this year and
as the first "Senior Trip, the
fourteen graduates went to Tue son
and Nogales in mid-May.
Earlier Thur sday, at 200 pm.
graduation exercises were held for
the eighth grade. Members of the
class to graduate were: ACey
Begay. Rose Ann Babe Leroy
Bedonie, Benjamin Begay. Pauline
Begay. Selena Begay. Wallace Bia,
Christine Bitsoi, Dinah Brown,
Lucille Brown. Eddie Brown
Wallace Burbank, Daniel Carroll,
Tony Claus Chez, Charlie Claw,
Kenneth Dedman, Wilford
Descheeny, Gloria Etsitty, Leonard
Farrar. Inja Gorman. Irene
German. Chester Holtsoi, Sue
Huddle, Leslie Johnson, Sherman
Jones, Betty Jumbo. Judy Kilgore.
Billy Mullins Dan Disregard,
Darlene Peterson, Virginia Price,
Larry Spigner, Wilford Taylor,
> Anna Teller. Dolores Vigil, James
YazZie, Wilson Tso.
Navajo times., 1961-05-31
Ross-Archie Vows EXCHANGED

Flower girls were Christine Clark,
and Elvira Brown. Ring bearer was
five year old Ronny Ross.
Organ music was provided by
Mrs. Helen Murphy, and special
vocal music, by Mrs. Mary Clark,
and Mrs. Smith.
Providing background for the
ceremony at the Chapter House
were deC eCorations of traditional
Navajo rugs and jewelry.
Following the wedding, the bride
and groom opened their manywed-
ding pr ents, and received the
good wishes of their many relatives
and friends.
A wedding dinner was given the
following day by Mrs. Bertha
Tome. Mrs. Matilda Brown, Mrs.
Mary Clark and Mrs. Eva Watson
and Mr.. Robert Watson and neigh
bors. There we're over 200 guests.
The couple are residing at Twin
Lakes.
Mr.. Archie is employed at the
Gallup Supply Center. Mrs. Archie
is an adult educ alton student at the
Twin Lakes Unit.
Navajo times., 1961-05-31

Miss Patsy Jane Ross. daughter
of Mrs. Martha a Ross, of Twin
Lakes, and Mr.. Raymond Archie,
son of Mrs. June Archie, of Luka-
chukai, were united in marriage,
on Saturday evening, April 10Th at
1880 Pm. at the Twin Lakes Chap
ter House.
The ceremony wa performed
by the Rev. Caleb Smith of the As
sembly of God Church, in Gallup,
and by Mr.. Raymond Ross, brother
of the bride, who spoke in the Nav
ajo language.
The bride wore lovely white
lace dress of bauerina length, and
a flowered veil and carried a bou-
quet of assorted flowers. She was
given in marriage by her uncle, Mr..
Robert Watson.
Bridesmaids we're Miss Helen
Watson, and Miss Della Dennison.
Both girls wore blue baIlerina
length dresses, with m ate hing
wells.
The best man was Mr.. William
Archie, brother of the groom. At
tendant' was Mr.. Edison Ross.