davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-02-16
YOUR
MONEYS WORTH
Shrewd Little Investor

In early 1854, Marvin A., q
public school teacher in Pitts
burgh, Pa, began investing $40
a month in a stock of his
choice under the new Monthly
Investment Plan Of the New
York Stock Exchange. AS Of to-
day, Marvin A. has put $500
in Minnesota Mining shares-a
nestegg valued now at $1l,750.
He has a record in the stock
market that most professionals
well might envy.
At the same date in 1854,
Bernard B., an insurance sales
man in Illinois. started putting
$500 every three months into
his stock selection under the
NIP. Over the years his invest
ment in International Business
Machines amounts to $500
while the value Of his shares is
UP to $35,200.
During the same period DR..
Thomas M, an Arkansas ply
sician, has put $50 every three
months in Safeway Stores. His
81 .245 neStegg is worth $2,275.
Ray A., a California druggist,
has put 500 a month in East
man Kodak. His $500 stake
is valued at $20,309. Mrs. Jane
K, a shipping line employe
stationed in Yokohama, Japan,
has put $40 every quarter in
Merck g. Co. Her $840 stake
has a present value of $2.059.
Buying Analysed
These real-life stories I Sc
lected out Of thousands in the
files of Merrill Lynch, Pierce,
Fenner g. Smith, which han
dies almost so per cent of all
MIPs now in force. They are
not unusual. OF every 100
MIPs in effect today. IL are
buying the stocks represented
by these tales.
An analysis by Merrill Lynch
Of the buying activities of its
customers discloses that the
little fellow has consistently
bought higher priced stocks
than the big investor and, al
though "the fact that a stock
sells higher doesn't automati-
cally mean it's a better securi-
ty," says La Rue Applegate, a
vice president Of the firm, "it
surely is one indication of
value"
An analysis of the most pop
ular NIP stocks also empha-
sizes that the little fellow has
consistently favored the
greats" among the high
Evening star., 1961-02-16
Bank in Tokomo Park
Appoints Advisors

Seven businessmen of the
Takoma Park Langley Park
section have been named to the
advisory committee Of the
Citizens Bank of Takoma Park,
1t was announced by Board
Chairman r. E. Lohr and
President H. j. Carr.
They include: o. A. Blake;
Eli Chayt, Darling Dress Shop;
Charles F. Goldsmith, Lans-
burgh's manager in Langley
Park; Francis Lastner, Prince
Georges County Commissioner;
w. T. Mummy, Giant Food
Properties; j. w. Peeke, Cen
eral Conference Insurance Ser
vice. Morris. Murray Hard
ware.
Evening star., 1961-02-16
Continental Baking
Reports Record Sales

Continental Baking Co., which
has major facilities in this
area, reported 1860 sales set a
record Of $410.6 million, COM
pared with $3s5.9 million in the
preceding year.
Earnings Of $9,311.146 almost
exactly matched $9.323.0f9 in
1859, but per-share earnings
Of SAT were down from $3.50
IN the preceding year because
Of an increase in the number
Of shares.
Shares increased $4,000 dur
ing the year, largely due to pay
ment Of 79,300 shares for
Loves Biscuit & Bread Co.
Of Honolulu last May.
Evening star., 1961-02-16
GMAC Debentures
Being Offered

Morgan Stanley & Co. heads
a Nation = wide underwriting
group offering today a new
issue Of $3.50 million General
Motors Acceptance Corp. o.
year 4ss per cent debentures,
due 1888. They are priced at
993s per cent and accrued in
terest to yield 4.67 per cent to
maturity. The underwriting
group comprises 235 investment
firms.
The net proceeds from the
sale will be added to the gen.
eral funds of the company and
will be available for the pur-
chase Of receivableS or for ma
turing debt.
Evening star., 1961-02-16
Hoeeh Named OfficiuI
Of Wonder Buildina

CHICAGO, Feb. 16 (AP.-
Leo A. Hoegh, former Civil
Defense Administrator, today
was appointed executive vice
president Of the Wonder Build
ing Corp. Of America.
The firm. based in Chicago,
constructs industrial buildings
and steel fallout shelters for
families as well as for farms
and industries. Mr.. Hoegh will
be in charge of the company's
shelter division.
Evening star., 1961-02-16
TALKING OF BUSINESS .--.~- ~ j.
Railroads Cut Costs b Cleaning,
REFUSING DieseILubricoting Oil
BY TRUMAN r. TEMPLE
Star Staff Writer

Ever wonder what happens
to the oil the garage drains out
of your car every 1000 miles
or so?
You may be surprised to
learn that the Nations rail-
roads, seeking ways : to cut
costs, looked into the idea years
ago and found out how to save
a lot of money.
The Pennsylvania Railroad,
biggest in the country, says its
own experience with cleaning
and using oil over and over
again in diesel locomotives
proves the reclaimed product
equal to the best oil that can
be bought"
Right now a good deal Of the
old oil from your auto ends up
lubricating wheels on railroad
freight cars. Re-refiners pump
it out Of underground tanks at
local gas stations, pay the sta
tion owner about cent a gall
Ion, truck it to their own plants
for scrubbing and sell it to
railroads.
100000 Yearly Saving
The. PennSy re-refines its
lubricating oil in its own special
plant at Altoona, Pa. Savings
exceed 100000 o year, and
company officials say the pro-
cess costs about q third Of the
price Of new OIL"
Many other railroads are do
ing the same. The Association
of American Railroads found
in a recent year that Is rail-
roads were mixing reclaimed
oil with brand new oil and using
1t again in\locomotives. Some
have their dirty oil restored by
independent re-refining COM
panieS.
Started in 1880
The experiment is not new.
The Chicago. Rock Island and
Pacific Railroad, tired of
burning its dirty oil as fuel in
old steam buffers, began tinker
ing with filters and chemicals
back in 1880 at a plant near
Des Moines.
It found it could purify and
recover about so per cent of
its lubricating oil. BY 1851 it
was reclaiming 500 gallons a
day in a new plant. using 1t
again in yard switching loco
motives and main line engines.
The movement is not con-
fined to the United States. The
Canadian Pacific Railroad built
a re-refining facility near Mon
treal eight years ago, and found
it could produce recovered oil
at half the price Of new oil.
Oil Doesn't Break Down
Contrary to public opinion,
lubricating oil does not break
down." a c. P. r. official said.
The reason 1t must be changed,
he added. is that the oil be-
comes contaminated. BY means
Of special clays. heat, filters
and additives, the oil is rid of
harmful sludge and restored to |
its pristine condition.
Why, the question arises,
can't auto oil be reconditioned
for crankcases, too?
The answer is that it can
but not every re-refiner uses
the same high standards as
the railroads. who have q vest
ed interest in protecting their |
locomotive engines.
Evening star., 1961-02-16
~ SYLVIA PORTER

priced stocks. When he has
favored the less satisfactory
performers Of recent years, his
selections still have been high
grade, the sort of stocks any
professional might have recon-
mended.
Big Companies Favored
Proof? Here it is. In 1860 the
average price Of stocks bought
by Merrill Lynch's odd-lot Gus
toners - investors buying in
lots Of less than 100 shares
was $46. The average price OF
stocks bought by its round-lot
customers-investors buying in
lots Of 100 shares each-was
$34. In 1859 the same pattern
was drawn - the average OF
odd-lot purchases was $40, OF
round-lot purchases, $36. In
1858 the comparison was $44
for odd-lot orders, $31 for
round-lot orders. In fact, says
Mr.. Applegate, "As we've gone
back over the % years for
which we have records, we've
found this to be true"-a re-
port which punctures one of
the most widely held beliefs
about the little fellows stock
buying.
AS for the most popular
stocks of NIP customers, all
along the list has included such
greats as IBM. American Tele-
phone, Eastman Kodak, Merck.
Right now. the top five selec-
tions are: General Motors, Dow
Chemicals. General Electric,
IBM, American Telephone.
I'VE think this is quite i'm
pressive," said Mr.. Applegate,
as I finished my notes. Little
investors are not as dumb as
many people think"
I never thought we were
dumb. So it's particularly nice
to have this new evidence to
prove it.
distributed 1851 by The Hall
Syndicate. Inc. All Rights Reserved)
Evening star., 1961-02-16
Business Federation
Schedules Bonouet

The Federation Of Business
Mems Associations has sched-
uled its seth annual reception
and banquet at the Mayflower
Hotel on Saturday, March IS.
President o. c. Nance. jr., an
nounced.
Area business and civic
leaders will attend along with
Government officials.
Evening star., 1961-02-16
For Men Only

Near 18th X Streets, NV.
Do you have a really fine
watch that is not giving you
the accuracy it should? Let us
help you. Our watchmakerS
are of the old school . care
fully trained in the famous
Watch Repair Colleges of
Switzerland with years
and years of practical expert
ence and the most ethical
professional standards. Bring
your timepiece troubles to us
E. and we will end them.
MILTON H. SCHLOSSER, Fine
jewelers., 1905 X Street NV.
Evening star., 1961-02-16

worlds leading transporterS Of
coal. 1t has moved up to q
leading position as q merchan-
disc carrier in only q few years.
Since 1850 more than 1000
companies have selected sites
along C&0l trackage and
brought an additional $S5 mil
Ion q year to the roads mer-
chandise revenues, 1t was point
ed out.
While coal traffic was off
moderately in 1860. the outlook
for 1861 has improved with
major coal producers active in
developing more efficient
mining methods and new mar
Hets, the report added.
New Era Predicted
A new era Of growth will
begin after merger of the Gao
and Baltimore & Ohio Railroad.
the report predicted. Affilia-
don will be followed as promptly
as possible by complete merger,
il said.
Noting that the Interstate
Commerce Commission will hold
hearings on the Gao applica-
Hen for approval Of a share ex-
change offer and affiliation,
the report said the merger
would bring to Eastern rail-
roads o vitality unknown in
many years.
Signed by Board Chairman
Cyrus Eaton and President
Walter ]. Touhy, the report said
benefits would begin accruing
during the first stage Of affili-
dtion.
Through cooperative efforts,
B&O and Gao could greatly
enhance their ability to COM
pete with other transportation
agencies, could exploit other
opportunities for increasing
revenues and could effect sub
stantial savings" it added.
''These results could be greatly
enlarged with complete merg-
er."
Third Peak in Row
! indicative of the Gao strong
financial positions working cap
ital set q new high for the
third year In q row.
The latest total Of 500 million
compared with $6l.S million q
year earlier, $46.1 million at
the end of 1856 and $2S.5 mil
Lion at the end Of 1851, the re-
port said.
Net income Of $42 million or
$5.15 q share was off moder-
8tely from $46 million or $3.50
Q share, but amply covered
common stock dividends Of 81
. share, which were paid for
NE fourth year in Q row.
Coal and coke revenues of
e123.S million were down from
Sl24.5 million in the previous
year. Total income Of $354.7I
million was behind $357.2 mil
lion in 1853.
Evening star., 1961-02-16
B0tten & Co. Heorinq
Postponed by SEC

On request Of the respondent
companies, the Securities and
Exchange Commission has au-
thorized q postponement from
February 20 to March / Of
hearings to determine whether
the broker-dealer registrations
Of Batten & Co. and Mutual
Fund Of America, Inc, should
be revoked.
Both Washington companies
were named in proceedings
under the Securities Exchange
Act of 1884.
Evening star., 1961-02-16
Chapter to Hear
OF Common Market

Washington Chapter, Amer
lean Marketing Association,
will hear about the European
common market and what it
means to the American econ
omy at a National Press Club
luncheon next Thursday, Feb
ruary %.
o. r. Strackbein, founder
and chairman Of the Nation
wide Committee on Import
Export Policy, will be guest
speaker.
Evening star., 1961-02-16
Mutual Of New York
Boosts Sales Here

The Washington agency Of
the Mutual Life Insurance Co.
Of New York sold .$l3,183,871
of individual life insurance pol
icieS in the last year, q gain
of around 1875 per cent from
1859, Manager Quentin C..
AanenSon reported.
The agency ranked eighth
among 16S company agencies.
The Washington gain contrast
ed with a general insurance
industry increase of less than
1 per cent, the manager point
ed out. The total did not in
clude group. health insurance
or pension plans,
Evening star., 1961-02-16
METALS

NEW YORK. Feb. l6 (AP).-spot
nonferrous metal prices today: Copper
Lead IL cents a pound, New York.
Zinc 11h cents o pound, East st.
Louis. Tin ST 01 pound. New York.
Foreign silver 9l9s cents per troy
ounce, New York.
Pittsburgh scrap steel No. | heavy
was quoted by Iron Age at 81. 90 80 90.
Evening star., 1961-02-16
CANA Seeks Entry
Into National Group

The Washington General
Agents and Managers Associa-
ton has applied for member
ship in the National CANA.
Changes in bylaws to con-
form to the national groups
requirements are being planned
Evening star., 1961-02-16
BUSINESS
BRIEFS

Ford Motor Co. said it has
been awarded a Government
contract for $500 pickup trucks
at a cost Of $7.4 million. They
will be built at plants in six
cities, including that at Nor
folk, Va.
Pan American World Airways
said the airline has ordered five
additional extra long range
Boeing TOT jets for delivery in
1862. The cost will be about
$50 million.
U. s. Rubber Retaining Co,
of Buffalo and Dunlop Rubber
Co., Ltd. of England, have an
nounced plans to build a $2.1
million rubber reclaiming plant
near Liverpool. "A new COM
pany to be IS per cent owned
by the American company will
operate the plant.
Melville Shoe COrp., which
already has more than l,10O
retail outlets, has announced
plans to operate shoe depart
mentS in self service discount
department stores. It now dis
tributes shoes through its
Thorn Mean, Miles and John
Ward divisions.
Commercial and Industrial
Loans at reporting member
banks in leading cities de-
creased by $22 million in the
week ended February 8. This
lowered the. total to $31, 1,O45,-
100000. This was 1898 million
more than a year earlier
Federal Reserve Board.
Steelmaking Furnaces poured
6.4 million net tons of ingots
and steel for castings in jan
uary compared with So million
the month before.-American
Iron and Steel Institute.
Electric Power Production to-
tailed 744,0O0,000 kilowatt
hours last week, compared with
1902. 900, 900 the week before
and 14,178,000,000 the compar-
able week Of 196O.-Edison
Electric Institute.
Bank Clearings in 26 lead
ing cities for the holiday week
ended Wednesday totaled $24,-
348, ,007 900, down 1912 per cent
from the total of $27,119,333, 900
a week earlier, and down IL
per cent from the year ago
total Of SOS, ,401 ,988, ,oOO.-Dun
& Bradstreet, Inc.
Heavy Construction Contract
Awards in the week ended
Monday totaled 1921 million
compared with $286.9 million
the previous week and 1922
million a year ago. Total for
the year to date stands at
81, 1923, 900, 900, or IL per cent
ahead Of last years pace
Engineering News Record and
Construction Daily,
Evening star., 1961-02-16
Exchange Seat Sold

NEW YORK, Feb. IS (AP)-
A seat on the New York Stock
Exchange was sold today for
$152,000, up $4,000 from the.
previous sale. The current mar
ket is $95,000 bid and $152,000
asked.
Evening star., 1961-02-16


outstanding AZ per ceent series
SM-l961-B secondary market
operations debentures will be
redeemed at maturity on
March 10.
President ]. Stanley Baugh-
man said no part Of this issue
will be refunded, nor will there
be any debenture offering by
the agency in connection with
the redemption.
Both principal and interest
will be payable at any Reserve
Bank or branch or at the
Treasury Department.
Evening star., 1961-02-16
co Working CopitoI
AT S63 Million Record, ,
Diversificotion Helps
By DONALD B. HADLEY
Star Financial Editor

Chesapeake b Ohio Railway finished 1860 with record
working capital Of $63 million and merchandise traffic exceeded
coal traffic for the second time in the roads history the
annual report disclosed today.
Continued growth Of industry along the C&Os lines
has diversified traffic While the Gao Of the
Evening star., 1961-02-16
,FNMA Will Redeem
500 Million Issue

The Federal National Mort
gage Association today an
nounced that 500 million Of
Evening star., 1961-02-16
Eurninqs

American Sugar Refining in
1860 earned $9,3SS,15l, or $3.49
a share, VS.. $10,055,427. or
1886, in 1859.
Corn Products Co. In 1860
earned $38.1S5.OO0, or $3.4s a
share, VS.. $33,171,954, or $3.04
a share. in 1859.
S. s. Kresge Co. in 1860
earned $11,119,655, or $2.O2 a
share, VS.. $12.6S5,66 or $3.50
a share, in 1859.
TextrOn, Inc, in 1860 earned
$l4,168,00 or $2.93 a share, VS..
$16,643,0S5, or $3.37 a share,
In 1859.
Other earnings:
For Quarter to December "A
1860 1859
Esk MI Gfra coo I'm
Evening star., 1961-02-16
OVER COUNTER

Following prices furnished by the
ers in Washington represent the range
within which locally active securities
could have been bought or sold at
1 pm. Thursday, February 16:
Evening star., 1961-02-16
TREASURY BONDS

NEW YORK (AP) Noon over the coun-
yer U. g.. Government Treasury bonds,
bid, asked, net change and Yield for
Evening star., 1961-02-16

Partially tax exempt.
Evening star., 1961-11-16

l teaspoon Worcestershire
sauce
2 medium onions, cut in 4
inch slices
8 tablespoons flour
Brown short ribs on all
sides in lard or drippings.
Pour off drippings. Season
with salt and pepper. Add
water, bouillon cubes, vine
gar. Worcestershire sauce
and onions. Cover tightly
and cook slowly 2 hours or
until meat is tender. Measure
cooking liquid and, If neces-
sary, add enough water to
make ~ cups. Thicken
liquid with flour for gravy.
-Four to six servings.
Evening star., 1961-11-16
Jdn1boIoyd

/ 1512-ounce) can marinara
sauce GmeatleSs all-pur-
poSe)
3 cups cooked rice
IL cups diced fully cooked
ham or canned ham
l cup cooked deveined shrimp
6 fully cooked pork sausages,
Drowned
l (3-ounce) can broiled
mushrooms
Heat marinara sauce to a
boil. Add the rice and mix
gently but thoroughly. Stir in
ham, shrimp and sausages.
Cook over low heat for 10
minutes. Heat mushrooms.
Place sauced rice mixture in
serving dish and garnish with
mushrooms. Makes four serv-
ingS.
Evening star., 1961-11-16
Bruised Meats Favored
For Hearty Fall Meals

Fall arrives with cooler
days, and in some areas we
may have to say good-by to
outdoor cooking.
Fall days often mean more
attention focused on the
slowly braised, economy
meats for hearty family
meals. Beef short ribs are
one Of the cuts that require
this moist heat cooking. The
flavors have a chance to
blend the result, mouth
watering.
Short ribs are cut from
the ends of ribs and contain
layers of lean and fat. Try
this savory suggestion for
preparing them. It's called
short ribs-family style. You
Evening star., 1961-11-16

should allow at least p
pound of short ribs for each
person.
Now is the time to include
many other beef cuts as well
as beef short ribs in your
menus. Beef is plentiful on
the market at the present.
and you're certain TO find
bargains.
Short Ribs-Family Style
8 pounds beef short ribs
2 tablespoons lard or drip
pings
l teaspoon salt
1s teaspoon pepper
IL cups water
2 bouillon cubes
Q tablespoons vinegar
Evening star., 1961-11-16
ScoIoppine
Italian
FuVorite

In France and Italy veal
dishes are gourmet's delight,
Since veal is eaten quite fire.
quently, the chefs have devel-
oped recipes to perfection.
Veal scaloppine is a dish
that comes to us from Italy.
The veal is cooked in a sauce
with olives. mushrooms and
onions. Parmesan cheese is
Sprinkled on top.
Veal, lacking fat, should be
prepared by moist heat.
That's why veal scaloppine is
baked in a covered dish.
Veal ScalOppine .
1la pounds veal round steak
"a cup flour
l teaspoon salt
Is teaspoon pepper
"a cup lard or drippings
u cup water
Glove garlic, crushed
l teaspoon lemon juice
l medium onion, sliced
can a ounces) sliced
mushrooms
8 medium stuffed olives,
sliced
2 tablespoons grated
Parmesan cheese
Combine flour, salt and
pepper. Pound seasoned flour
into steaks and cut into
Serving-size pieces. Brown
meat in lard or drippings.
Pour off drippingS. Add water.
garlic and lemon juice to
meat. Arrange onion, mush-
rooms and olives over meat.
Sprinkle Parmesan cheese
on top. Cover tightly and bake
in a slow oven 600 degrees0
As minutes to hour, or until
meat is tender. Six servings.
Evening star., 1961-11-16
Teen-Aee SpeciuI

Let the teen-agerS in your
house try their hand at cook
ing and make the following
western sandwich. A regular
size can of deviled ham COM
bined with a little minced on
ion is added to 2 beaten eggs.
Delicious, nutritious, too!
, 1961-08-19

SCHOOL,.
ment, Techniques of Guam
tity Cooking, Sanitation &
Safety in the Kitchen, Food
Storage Practices and Re
cord Keeping.
, 1961-08-19

ten in Puerto Rico.

The Virgin Islands indus
try will be considered by a
review committee which
will be combined with the
regular biennial review
scheduled for September
IS, 1861.
Orders appointing the re-
view committees will be
published in the Federal
Register. The committees
will convene in sufficient
time to obviate the need for
posting sureties.
, 1961-08-19

GOVERNOR
States on Citizenship Day,
September II; also, that all
organizations hold appro-
pirate ceremonies on that
day and throughout Con-
stitution Week.
, 1961-08-19

=. the new, easier, suFer protection
Ior those most intimate marriage pro-
blems.
What a blessing to be able to
trust in the wonderful germi-
cidal protection Norforms can
give you. Norforms have d high.
" perfected new formula that
releases antiseptic and germici.
dal ingredients with long-lasting
action. The exclusive new base
melts at body temperature, for
ming a powerful protective film
that guards (but will not harm)
the delicate Tissues.
And Norforms' deodorant
protection has been tested in a
hospital clinic and found to be
more effective than anything it
had ever used. Norforms elimi-
nate (rather than cover up) en-
barassing odors, yet have no
medicine" or "desinfectant''
odor themselves.
And what convenience! These
small feminine suppositories r
so easy and convenient to use.
Just insert no apparatus,
mixing or measuring. They're
greaseless and they keep in any
climate.
Available in packages Of IL
and 2A
Tested by doctors ...
trusted BY women .
proved In hospital clinics -
kAEJmK
The Republican. [volume] (Oakland, Md.) 1877-current, 1961-05-11
1000 NeGU Hooks Displayed
This Month II LibrNrU

Over 600 new books arc on dis
play this month at the Ruth EnloW
library in a special exhibit spon-
yored by the Garrett County Board
of Education. The exhibit includes
two separate collections. one of
children's books and one of adult
books selected for young people.
The collection of 500 children
books displayed in the young
peoples room covers the whole
range from preschool through
Grade 8 Grouped by grade levels,
with numbered books and num-
bered catalogue, the exhibit is or
gained to produce quickly and
easily the books of ones Interest,"
Whether you approach books as
a teacher, a parent or simply as
an interested adult, this collec-
tion. representing the combined
output of the country's leading
publishers. merits your attention
according to Miss Edith Brock
librarian. The appeal of the books is
not limited to children Major cor
tributions to the exhibit are in the