davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-03-23

The rights must be exercised
by 2 pm. on April II.
The offering totaling 37,973
shares will require part of the
53,783 additional shares of au-
tllorized stock approved at the
January annual meeting. The
other 1870 shares were dis
tributed as a stock dividend on
the basis Of one new share for
each 20 previously held.
Scrip certificates represent
ing fractional shares from
either the new stock offering or
from the stock. dividend will be
valid until 2 pm. on May IS.
The announcement from
President J. Robert Sherwood
of Suburban Trust said three
Washington brokerage firms
have advised they will trade in
the warrants and also will as
sist stockholders in working out
any details Of their transfers,
assignments or subscriptions.
They are Johnston, Lemon &
Co: Jones, Kreeger & Co., and
Reuse, Brewer, Becker &
Bryant.
Suburban Trust Co. shares
have been quoted as high as
$50 a share recently. but today
the stock was ex-dividend on
the over-the-counter market at
$74.50 bid and $77.50 asked.
Evening star., 1961-03-23
EmbezzIements Cost
Business ST Billion
By the AssocIated Press

NEW YORK. Mar. % (AP.-
Embezzlement costs the busi-
ness world 81 billion annually,
or more than is stolen by pro-
fessional thieves.
A study by New York man
agement consultant, Norman
Jaspan, says. in addition, that
one out of every 10 business
failures Is the result Of embez-
cling by an employe.
Evening star., 1961-03-23
Suburban Savings
Branch Is Approved

Suburban Savings and Loan
Association Of Annandale, Va,
has received permission from
the Federal Home Loan Bank
Board to open O branch office
in the. Bailey's Cross Roads
area. State approval was
granted last December.
The new branch will be
opened late this summer. With
its main office at 9615 Colum-
bia Pike in Annandale, Subur-
ban Savings had record assets
Of more than $3.5 million at
the end Of 1860. q gain Of 65.3
per cent from q year earlier.
Philip M. Talbot is board
chairman and James L. Nell
vaine is president. Captain
Vincent A. Sweeney, USN, re-
tire, is executive vice president,
Evening star., 1961-03-23
Universal Marion
Sets Sales Record

Universal Marion Corp. for
merly the Capital Transit Co.,
had net sales Of more than $50
million in 1860 for the first time
since it ended transit opera
tions, President James Mullaney
reported in Jacksonville Fla,
where the company now has
headquarters.
Sales totaled $53,944.142, q
gain of 16 per cent from $46,-
541 ,284 in 1859.
Net income was $4,628, ,3O2 or
$2.04 a share, compared with
$5,244, ,606 or $3.50 a share in
the preceding year when large
non-recurring items from the
Scullin Steel Division helped to
boost profits.
There was a surge Of orders
for the corporation in the first
two months Of 1861. which "give
promise that it will have an
other fine year Of operations, "
Mr.. Mullaney reported.
Evening star., 1961-03-23
Atlanta Man Heads
Suvinos Loon Group

SAN FRANCISCO, Mar. %
(AP).-William C. Wainwright
Of Atlanta, Ca, today was
elected president Of the Ameri-
can Savings and Loan Institute.
He succeeds w. A. Obers Of Los
Ray A. Neuman, Peoria. H.,
was chosen first vice president,
and Wesley ]. Bahr, New York,
second vice president.
Evening star., 1961-03-23
Auto Production
To Rise 23.4 Pct.

DETROIT, Mar. % (AP). -
Passenger-car production win
rise asa per cent this week
from last but still remains well
below normal, Automotive News
said today.
The trade paper estimated
output at 1891 units compared
with 71.209 last week and 137,-
SIC in the comparable week
Of 1860.
Most Of this weeks increase
win come in the medium price
field with OldSrnobile, Pontiac
and Buick returning to produc-
ton after q weeks shutdown.
Evening star., 1961-03-23
Institute Planned
For Small Firms

A business management in
stitute for small businesses of
this area will be sponsored by
the college of general studies at
George Washington University
for eight weeks beginning April
Is through June /.
Arthur H. Doll, Washington
branch manager Of the Small
Business Administration said
the institute will provide an
opportunity for small business
executives to study modern
management principles and
techniques.
Leonard w. Prestwich, asSo-
ciate professor of business ad-
ministration at GWU will serve
as co-ordinator.
Evening star., 1961-03-23
Alex. Brown Markets
Weinschet Shares

Public offering Of $4,000
shares of Weinschel Engineer
ing Co. capital stock was mar
keted today by Alex. Brown g.
Sons at q price Of $1l q share.
The company. with head
quarters in Kensington. Md.
commenced business in 194S
and is engaged in research and
the development. engineering.
production and sale Of high
quality precision microwave
celebration and testing equip
ment.
Its products are used in
Evening star., 1961-03-23
American Security
Declares Dividend

Directors Of American Secu-
rity g. Trust Co. have declared
a quarterly dividend Of go cents
a share, it was announced.
The dividend will be paid
April 10 to stockholders of
record March 81.
Evening star., 1961-03-23
T0Ney Is Promoted
In Mcdonald Firm

James E. Talley has been
elected vice president of the
T. j. Mcdonald g. Co., Wash
ington investment firm. 1t
was announced by President
Thomas j. Mcdonald.
Mr.. Talley is q graduate Of
the University Of Maryland and
has been associated with the
company as q registered repre-
sentative for the last year.
Evening star., 1961-03-23
D. c. Insurance Sales
Is Pet. Above 1860

Sales of ordinary life insur-
ance in the District of Colum-
bia totaled $22. $4,000 in Feb
ruary, an increase of rs per
cent from February last year.
the Life Insurance Agency
Management Association re-
ported yesterday.
Sales for two months of this
year aggregated $50, 9,53l,0 900, an
increase Of IL per cent from
the same 1860 period.
Evening star., 1961-03-23
GEICO Forms
Sfandard-Risk
InsuranceFirnl

a new SuanQarQ-rlSk auto IN
surance company viii be added
to the group of companies af-
filiated with Government En-
ployes Insurance Co., it was an
nounced yesterday by L. A.
Davidson, president of GEICO
and its affiliates.
The new firm, the Criterion
Insurance Co., will be incorpo-
ratti In the District of Colum-
bia and will supplement opera
tions of GEICO, which is a
preferred-risk company. Cri-
terion will be able to accept
many applicants that GEICO
as a preferred-risk company
has been compelled to reject.
Subject to a registration
statement, which Criterion ex-
poets to file with the Securities
and Exchange Commission this
week, plans call for issuance of
subscription warrants to stock
holders of GEICO and its af-
filiates for purchase of shares
in the new company at q sub
scription price of So a share.
Criterion will have $4,000
common shares Of authorized
stock of 50 a share par value,
Plans call for the issuance Of
subscriptions to warrants of the
various companies as follows:
viii Get Rights
Stockholders Of GEICo will
be given rights to subscribe for
one share of the new company
for each five shares of GEICO
held at the close of business on
March 80.
Stockholders of Government
Employees Life Insurance Co.
and Government Employees
Corp. both get rights on q
1-for-l0 basis, with record date
Of March 30.
No fractional rights or frac-
ltional shares will be issued,
MIR. Richardson said. All frac-
tions will be rounded out to the
next higher or lower full share.
The rights are expected to
be issued May IS and the ex-
'piration date is expected to be
June 5.
OF the $3,I2O,00O to be
raised by sale Of the stock. 81
040, 1000 viii go to capital and
$2,0SO,000 will be put into sur
plus account.
After issuance Of rights to
stockholders and after round
ing out fractions, the remain
ing 10000 shares Of capital
stock win be issued as follows: /:
Rights to subscribe to I9,-
900 shares win be given to the
operating officers of the new
company and rights for the
remaining shares will be Is
sued to the profit-Sharing plan
for employees of GEICO
GELICO AND GECO.
Stock Dividend Voted
Directors Of Government En-
ployees Corp. yesterday de-
clared q 4 per cent stock divi-
dend, payable May IL tc
holders Of record April 8.
GECo's board also increased
the cash dividend by declaring
o semiannual dividend Of As
cents . share. payable May
81 to holders of record May II
This placed the stock on ar
annual basis Of 80 cents q
share, compared with 80 cents
paid previously.
Evening star., 1961-03-23
METALS

NEW YORK, Mar. % (AP).-spot
5S isnss sa sna Dfsss sSdsy GPHsr
Lead IL cents . pound, New York. Zinc
11h. cents pound, East g.. Louis. Tin
1.04h - pound, New York. FOREIGN
silver siss cents per troy ounce, New
Pittsburgh scrap steel No. heavy
was quoted By Iron AEe at S5.0O-S6. 90.
Evening star., 1961-03-23
Suburban Trust Co.
Issues Rights to Buy
Stock at $50 q Share
BY DONALD B. HADLEY
Star Financial Editor

Suburban Trust Co. today sent subscription warrants
stockholders for the purchase Of additional shares at $50
share around $25 below the market quotations
the stock.
Each stockholder Of March will rights
purchase shares for each 10 shares held that date
Evening star., 1961-03-23

standards laboratories. incom-
ing inspection departments, for
quality control in manufac-
turing other microwave devices
and as part of other test sys-
TENS. The company believes
it is the largest supplier in the
free Western world of micro
wave attenuation calibratorS.
Evening star., 1961-03-23
TREASURY BONDS

NEW YORK (AP)- Noon over the coun.
Ter Y. B.. Government Treasury bonds,
BID. asked net change and Yield for
Evening star., 1961-03-23
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 pm. Thursday, March %:
Evening star., 1961-06-04

traitor N. E. Halaby, seeks
more responsive and CO.
ordinated service in the field
and better general manage
ment in Washington"
Outlining the plan, the ad-
miniStrator said specific op-
Grating details of the new or
ganization will be developed
step by step.
Oscar Bake, former di-
rector Of the Bureau of Flight
Standards, has been assigned
as the first assistant admin
istrator for the Eastern region
and is responsible for produc-
ling the transition plan.
Evening star., 1961-06-04
Policy Making
Of FAAWiII Be
Centered Here

A major shakeup in the 28-
month-old Federal Aviation
Agency to concentrate program
policy-making in Washington
and delegate operational work
to regional offices will begin
July 1.
The reorganization, termed
evolutionary" by Admins
Evening star., 1961-06-04

explain.
But the single strongest i'm
preston that remains with ar
observer who watched Demo
cratic and Republican leaders
and stalwarts go through
identical routines Of national
committee meetings and mass
rallies here this past week is
that the Republican pre-
formance was upbeat; the
Democratic, flat.
Time was, a year or so ago
when the sessions of the Repub-
lican National Committee were
lethargic. The ambitious prof.
ects, the aggressive speeches,
the fuSsing and feuding and the
humor that are the life blood
of politics were all concentrated
on the Democratic side.
democrats QuleL
Today. the reverse is true
The latest session Of the ruling
body Of the Democrats never
rose above the level of muted
complaints and half-apologies
about the handling of patron
age.
The Democratic National
Committee did approve q plan
to set up subcommittee to i'm
prove various phases of party
organization. That put them
just about six months behind
the Republicans, who received
progress reports this week from
similar units established last
January.
At the Republican gathering,
the corridor talk was full OF
Evening star., 1961-06-04
Spirited 9. O. P. Seen
Ready for Comeback
By DAVID S. BRODER
star staff Writer

AS the political parties begin marshalng their forces
for the 1862 elections, Republicans spirited
puposefu ouspoken optimistic and enthusiastic than their
rivals.
Just why this should So when the Democrats control
presidency both houses of Congress and twohds of
the State captols is hard to
Evening star., 1961-06-04

Our popular blanket Just the right blend Of s2q5
Royon and $50 Cotton with strou Royon sotn binding dyed
och okes the place Of two regular Blankets wonderfully light
weight but ointon the exot degree Of heat automatically all night
long, Machine washable guaranteed for mechanical performance for
years With immediate replacement Pink blue, green, BEIGE lemon
Reg 1895 Full size 1895 Reg 24e5 Full Dual Control l695
Evening star., 1961-05-24

NEW YORK, May "a (AP),
The stock market sagged
early this afternoon as Ameri-
can Telephone took a sharp
loss on news that the Govern
ment has started an antitrust
investigation of the company.
Trading was fairly active.
The overnight news of the
investigation of AT&T spoiled
a rising market. Further sharp
declines by Du Pont and Cen
eral Motors, still reacting from
the Supreme Court decision
that Du Pont must get rid of
its holdings of GIN, accentu-
ated the decline.
Changes were fairly narrow
throughout the rest of the list
but the retreat of the three
heavily weighted blue chips
dragged down the popular mar
ket averages.
Rails were up at the start
Evening star., 1961-05-24
CHICAGO GRAIN

CHICAGO, May "A (AP) in
grain futures was dull most OF the
time today and prices showed little
change generally although July soy
beans shifted over a four-cent range.
Brokers said influences were meager
and that transactions consisted mainly
of scattered short covering and liquida-
ton. The light amount Of CONNER
cial buying appeared to be on export
accounts; It included some wheat,
corn and soybeans.
soybeans were IA cents a bushel
higher to K lower at midday, July
297h: wheat 7s-h lower, July .S57s;
corn h-ss higher, July l14ss; oats
unchanged to q higher, July 66h; rye
70 lower to "a higher. July 1.l612.
Chicago Cash Markets
No wheat. oats or soybean sales.
Corn No, 3 yellow Lac: No. 4 yel-
low Iii y; sample grade yellow LODE.
Barley: Mailing choice ! 1.l0-1.20 NOM
inal: feed 93-1 90 nominal.
Evening star., 1961-05-24
COTTON

NEW YORK. May "a (AP) Cotton
futures were quiet and irregular to-
day. Commission houses were on
both sides of the market. There was
some switching from nearby July to
later months.
Late afternoon prices were 10 cents
bale higher to 10 cents lower than
the previous close July 1890. Octo-
Der 34.11 and December 34.54.
Evening star., 1961-05-24
Stock Prices Decline,
ATGT Loss Is Sharp

on news of an upturn in freight
traffic but they sold off as the
market declined. Airlines, to-
baccos and aircrafts kept mod
erately ahead on balance while
most other groups showed
slight downtrend.
American stock exchange
prices were generally higher in
moderate trading.
Corporate bonds were irreg-
ular. Governments bonds edged
off.
Evening star., 1961-05-24

A

Furnished by the Associated Press
Stocks Sales
and zoos Net
Dividends Test High Low 2:20 chg.
Evening star., 1961-05-24
METALS

NEW YORK, May "a CAP).-spot
nonferrous metal prices today Copper
Lead IL cents a pound. New York.
Zinc liz cents a pound, East St.
Louis. Tin. 1.105a a pound, New York.
Foreign silver 9l9s cents per troy
ounce. New. York. Pittsburgh scrap
Age at 34.00-35.0O.
Evening star., 1961-05-24
SALES

Sales figures are unofficial.
Rates of dividends in the foregoing
table are annual disbursements based on
the last quarterly or semi-annual declara-
tion. Unless otherwise noted, special or
extra dividends are not included.
a-AlSo extra or extras. b. Annual rate
plus stock dividend. d : Declared or paid
in 1851 plus stock dividend. e-Paid last
year. Payable In stock during 1851
estimated cash value on ex-dividend or
redistribution date. g. Declared or paid
SO far this year. h Declared or paid
after stock dividend or split up. k-De-
clared or paid this year, an accumulative
issue with dividends in arrears. Paid
this year, dividend omitted, deferred or
no action taken at last dividend meeting.
Declared or paid in 1850 plus stock
dividend. t-Payable in stock during 1850,
estimated cash value on ex-dividend or
redistribution date. calculating divi-
dend
Sales In full.
cid Called. xd J. Elk dividend. x-dis-Ex
distribution. xr- Ex rights. XIV Without
warrants. ww-With warrants. wd-When
distributed. wi-When issued. ad-Next
day delivery.
Win bankruptcy or receivership or
being reorganized under the Bankruptcy
Act, or securities assumed by such com.
panieS.
Evening star., 1961-05-24
ODD-LOT TRADING

NEW YORK. May "a CAP).-The
New York Stock Exchange reported
today these odd-lot transactions by
principal dealers for May 81: Pur-
ehsseS Of 3s2 '699 shares; sales Of
sold short.
Evening star., 1961-05-24

Vi In bankruptcy or receivership or
being reorganized under the Bankruptcy
Act, or securities assumed by such com.
panies. XII ex-interest. ct t-CertificateS
st Stamped. f-Dealt in Cat. -Matured
bonds, negotiability impaired by maturity.
Evening star., 1961-05-24
DIVIDENDS
By the Associaten rress

By the Associated Press
Pc Stk. Of Pay
Rate riOd Record abie
IRREGULAR
Sou P Rico Sus .. 80 e.. Sl2 u
Evening star., 1961-05-24
FOREIGN
EXCHANGE

NEW YORK. May "a (AP).-For-
eign exchange rates (Great Britain
and Australia in dollars, others in
cents and deeimals of cent?:
Today Prev. Day
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-04
Kennedy Signs
Migrants Bill
BY the Associated Press

President Kennedy signed to-
day a bill regulating the re-
cruiting of farm workers from
Mexico. but said the measure
does not include provisions
which l believe necessary to
protect domestic farm workers"
The President said studies
clearly show that the Mexican
labor program sis adversely af-
fecting the wages, working CON
ditions and employment oppor-
tunities of our own agricultural
workers, large numbers of
whom are unemployed or I'M
deremployed."
Congress ignored a number
of significant recommendations
made by Secretary of Labor
Goldberg intended to set stricter
standards for the importation
of workers and provide safe
guards for United States farm
labor.
In explaining why he signed
the bill into law, Mr.. Kennedy
said he is aware that some
Mexican workers still will be
needed next year in some areas,
and went on:
Il am also aware of the
serious impact in. Mexico if
many thousands of workers en-
ployed in this country were
similarly deprived of this much
needed employment.
These considerations impel
me to sign (the bilD despite its
shortcomings"
Mr.. Kennedy said Secretary
Goldberg has assured him that
every lawful means will be used
to prescribe standards for the
recruitment of Mexican workers
and protect the wages and
working conditions of United
States farm employees.
THE workers most seriously
affected are from those under
privileged groups which are al
ready at the bottom of our
economic scales" Mr.. Kennedy
said. THE conditions under
which these people work and
live are a matter of grave con-
Germ to me-"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-04
Research Meeting

The Industrial Relations Re-
search Association will hold it's
first monthly meeting at 8
O'Clock tonight at the Brook
ings Institution, ITS MaSsa-
chusetts avenue NV. Robert
j. Meyers, deputy commissioner
of the Bureau of Labor Sta
tistics, will SPEAK on unem-
ployment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-04
Coro Fashion Watcl
on SALE THURSDAY

on SALE THURSDAY
Many different foshon-rieht styles 10 choose from...
all with imported Swiss movements Many one Of kind
designs gold and silver wrist watches, pin watches
and chain style watches Some with suede strops ribbons
and link bracelets Limited quantities so shop eory
for best selections And don't forget those "exros" tor
Christmas, birthdays, anniversaries
Kouns-cosiums Jswen-street Floor Both Stores
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1961-04-26

acreage. The most is the base
or 70 acres if the base is 20
acres or less. If the base is %
10 100 acres the maximum i
70 acres plus 90. If the base
is over 100 acres the maximum
Is 40" of the base.
Alter a person determines
how much. if any. corn he
should plant and thereby de-
termineS the number of acres
left in his base that he can
put into the Feed Grain Pro-
gram. he will need to know
which farm land is available
Cropland which was titled or
cultivated in 1868, 1859 or 1860
is eligible. This land will be
measured this spring along
with allotted crops and corn
acreage. The land must be de-
voted to conservation uses.
Grazing will not be permitted
after June LIST Small grain
seeded alone or as a nurse crup
on diverted acreage may not
be harvested for hay, grain or
Silage and may not be pastured
after June |. In addition TO the
diverted acreage he must de-
vote the conservation an acre
age equal TO his acreages de-
voted to conservation uses in
1859 and 1860. All farms in
which a cooperating producer
will share in the production Of
corn or milo in 1861 must eth
or be in compliance or the
grain base not exceeded.
Contracts must be signed in
the county ASC office prior 10
June 1. Within q few days aft
er contracts Of intention 10
participate are signed. the
farmer may receive an advance
Of half the payment.
Charles d. Raper. County
Agent, gave some valuable in
formation on the best use of
the land the farmer is taking
out Of corn.
Permanent OF rotation cover
of grasses or legumes, summer
cover crops consisting of small
grains, legumes or grasses.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1961-04-26
Carers
Column
By-W. Horace Carter

ENCELLENT King And 1" production of the Tabor City
'oi"s last week absolutely excellent Every
I'll. cast Is certainly be
Eo "ecea the and deserving recog-
n'om Few little produced
NceIient musical And q o who
nae the wonderful array OF equal
LOWS Skies while he student, brilliant
III TINS production and he
''' I mas taken III the chorus Without
s r'o< t"ct year 1t would BE- difficult 10 musicals
ne r'oei produced by the Tabor City >uIct,
'''' '"' LEWIS ana III p"'S ms whole energies behn'
","uH VINO has worked with the chorus man.
EeaiI And likewise Mrs. Nell Mrs Davis Bru,on
'oF mem music are due equal recognition.
an" we have probably still lett
Mns Ike this many ind, tuals
thc back ~ ~ P' VI"
INJURY Only injury in the l6 wear history Of m
Hi'L"y occurred last week wh, Ronald Ward VINO is in
m go we newspapers mailing each week, fractured
o'> an" suffered rather right foot when he
Il" W DC hooblhs about assur,
" ~ nave no per mai'en disability For that all
'e Was N"' ana wish for him Speedy recovery.
CAUTION Last week Ca,hcar, Smith noted physician Of
WIN" KIND OF Sieclar@rS in diagnosS disease
sA' Us the word We had feeling rather puny for = num-
Der ." months and 'ecided looked into Dr. smith
and n,i n w'' tensions 9" todayS world taking
@ '"'' una" We Just had To slow advise was t,
I' up Is much q" the responsibility as possible and
% itT'SpLll'y OF our business 10 others
,1,n w., POSSIBLE hcSe things hard particularly
' We nave had maximum activity the business and conn.,
are gong to II there any way slow down after half
IKE ml" ct hurry and These he pointed or,
ing 10 make reality ~ ''' ""'-
TOBACCO: We had some mighty fine tobacco pra,, ,,,
III FEBRUARY and early
., ~ winter again ana many vocng anxiety
over inc tobacco plants the Several ish, fr5sS y,
~ 'Ht week ana TINS certainly
~ LII, oI!SIit leaf Those the
''''e are Just going have To
on" h'ree weeks simply got drowned ON, j., ,r
'' '"'"" plants wonder why would
~, 'E enough to set them cold weather H. on,
ing |" DC u late gardening season for lis ' - S'
I - 4i'>"' W. Keep hearing merchants talk abo, ,,
'i' sustaining from walk
nv '''''IS" without paying In and
~ ''"S' unbelievable that hundred diI.rs
r'F E'uS ttc stolen
iHee thieves who persist shopif,inp sho,I w.
@ anu ''li''cc severely There's
- 40 "'l C!Hlil%dtlun those,
th. ling oil mite wrong wrong as ,1,.rin
|''' ." 4 store IN the dark OF and ,ur, 90.
''-'',''!>e II may be up,n as an Co..,
" S's'', oil IN" legal profession but in lis mol ~
concerted should b. mad. '..at
'lHt UIIvL!dtS and they it'll. rn.rr IN w '1CI