davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-08-17
ProxyFight
Costs Shown
ByAIIeghany

NEW YORK, Aug. II (AP) -
Allegheny Corp, a holding
company, reported yesterday
its net assets increased to
S134,338,297 on June 80 from
$97 ,154,998 last December 81.
The new management, headed
by President John Murchison,
wreSted control of Allegheny
and of Investors Diversified
Services, Inc, the Nations
largest mutual fund manage
ment company, from Allan P.
Kirby in a proxy fight last
spring. Allegheny also controls
the New York Central Railroad.
Allegheny said in it's semi
annual report that the increase
in assets reflected appreciation
of the market value Of securi-
ties, principally the investment
in IDS, which it said showed a
sharp rise following election of
the present management.
Stock Converted
1t also reflected receipt of
$15,811,113 in cash as a result
of conversions of preferred
stock and exercise of warrants.
The company said that.
assuming the conversion of all
Of Alleghany's 6 per cent con-
vertible preferred stock and the
exercise of outstanding war
rants, assets per share would
have amounted to $11.O2 on
June 80 and $9.43 last Decem-
ber 81. The comparable figure
on June 80, 1860, was $1O.19.
Mr.. Murchison said expenses
of the previous management in
the proxy fight, which were
borne by Alleghany, had
affected the earnings picture.
Allegheny had a net loss of
399,88l in the first six months
OF this year, compared with
earnings of $1,120,310 in the
1860 first half.
Proxy Costs Reflected
General administrative costs,
rejecting most of the proxy
tight expense, rose to $1,591 1851
from $233,0O5 a year earlier.
Allegheny has placed MI.
MurchiSon and Frank E. Nc
Kinney on the New York Cen
tral board of directors.
The report called this action
important in that it will give
us a clearer insight into the
Central's problems and an Off
clal voice in the MANAGEMENT
of the railroad"
Because Allegheny owns
approximately Is per cent of
the outstanding stock of the
New York Central and controls
that railroad, the Centraps
problems are Alleghany's prob
lems," the report said.
1t added that it appears
Central's problems, as well as
those of the other Eastern
railroads, will not be resolved
in the near future.
Evening star., 1961-08-17
AUTO BACKLOG
CUT BY SALES

DETROIT, Aug. II (AP).-
An upswge of sales is expected
to reduce the stockpile of new
cars to a 19-month low of ap-
proximately 655,O0O by the end
of this month, according to
Wards Automotive Reports. A
year ago on August 81 the new
car inventory totaled $4,000.
The size of the stockpile may
be a factor in whether the
United Auto Workers Union
will decide on strike action in
its current negotiations with
the car makers on new labor
contracts. Present contracts ex-
pire August 81.
In negotiations three years
Evening star., 1961-08-17

investment of $752,5OO in the
development company.
The announcement said the
money will be used for develop
ment of additional shopping
centers in which Giant Food,
Inc, will be the principal
tenant.
These will be the 100000
square-foot centerS, which
Giant Food officials recently
paid will be the future pattern
bf distribution.
The big centerS will include a
one-level discount department
store and Supermarket, dry
Cleaning plant, laundromat,
shoe repair. auto ar 3eSsory and
tire center, car wash and gaSo-
line station.
Shares of Giant Food Prop
critics are traded on the over
the-counter market and were
quoted today at 25s bid and 8
asked. Stock of Giant Food,
Inc, which has grown rapidly
into a regional food chain, was
traded on the American Stock
Exchange at around 29lo.
Evening star., 1961-08-17
Court Restricts
0rbitrOnics in
Stock 0fferinu

District Court Judge John j.
Siric yesterday ordered a Del
aware corporation that manu-
features missiles parts to hold
up a public offering of $500, 900
in common stock after the
Securities and Exchange Com
mission charged that prospec-
tive purchasers of the stock
had been defrauded.
The courts action was taken
against American Orbitronics
Corp, which has offices here
and a plant in Hawthorne,
Calf, and against 18 individ-
ual defendants.
According to an SEC COM
plant filed yesterday, the cor
poration and the other de-
fendents had obtained money
and property by means of I'M
true statements" to stock pur-
chasers concerning future busi-
ness prospects and the present
and future financial condition
of the missile part firms.
The complaint also claimed
that those offered stock in the
public sale were not told that
shares of common stock had
previously been sold to others
at a price less than the $3-a-
share purchase price of the
public offering.
Judge Sirica, at the request
of SEC attorneys, signed a
temporary restraining order
halting further sales of Orbi-
tronics stock until August 25.
At this time, the Govern
ment presumably will ask the
court to grant a preliminary
injunction which would apply
until the civil suit brought by
the Government could come up
for trial.
The commission yesterday
ordered a temporary Suspen-
sion of the exemption with
respect to the propose
offering.
Unless the corporation and
it officers should seek a hear
ing within 80 days to oppose
the SEC order, the refusal to
grant the exemption will be-
come permanent Mr.. Dubois
said.
Evening star., 1961-08-17
Area Auto Sales Rise,
Lower Profits Seen

Washington area automobile
dealers are selling more new
cars than a year ago, but
profits are somewhat less than
satisfactory, it is understood.
Sales of new passenger cars
in the first six months of this
year rose to 47,34O units, COM
pared with 1896 a year ago,
reported Michael j. Murphy,
executive vice president of the
Automotive Trade Association,
National Capital area, today.
Mr.. Murphy also said sales
of new commercial vehicles
totaled 3,441 units in the six
months, compared with 3,34O
in the first half Of last year.
For June alone, new passen-
ger car sales totaled 9,495
units, compared with 9,156 a
year ago, while commercial
vehicle sales totaled 748, COM
pared with $40.
Preliminary sales data on
District of Columbia sales
show that the area-wide gains
will be widened in July. Dis
trict passenger car sales for
that month rose to 1882 units
from 1,773 in July last year.
In the meantime, scattered
reports indicated that stiff
competition among dealers had
cut into profits to some extent.
How widespread this trend has
become is uncertain.
The area sales figures in
clude the District, all Mont
gomery and Prince Georges
counties in Maryland, Fairfax
and Arlington counties in Vir-
ginia and Alexandria, Va.
Evening star., 1961-08-17
CHICAGO
LIVESTOCK

CHICAGO, Aug. II CAP) CUsDA.-
Hogs 1000; active, butchers steady to
sows about STEADY; SSiy mxed SiSsdS . and Ttgons
19O-26O ID butchers 1S.5O-19. 90, num-
srous sales dS.65-1S.S5: around 200
l7.50-1S.35; a few lots ga 3O0-320
lbs l7.50-17.75: a load 377 lbs at
1920; mixed 1-3 30O-4OO ID sows
1925.
Cattle. 700: calves none; sIaughter
steers fully steady. heifers steady;
COWS strong; other classes UNCHANGED; !;
several loads and lots good and choice
9O0-1,250 ID steers 23.O0-25. 90: two
loads average. choice 1,1S2 ID Western
led steers $500. few utility and
and commercial cows I4.5O-i7.50;
Gamers ,13;00-l5.50; utility and com
merctal bulls 1SO0-21.0O; a few good
yealers 22.0O-24 90; culls down to
1000; a load mostly choice S75 ID
feeding steers 2400.
Evening star., 1961-08-17

contract with Lincoln Labora-
tories of Massachusetts, Insti-
tute of Technology for assem-
bling and testing the plasma
probe experiment for the
Mariner A, deep planetary
probe. VITA has opened a
downtown Washington office
in the Mills Building at Seven
teenth street and Pennsylvania
avenue NV.
Evening star., 1961-08-17
WAT Contracts Top
S525,OOO in 2Months

Washington Neurological
Associates, Inc, of Rockville,
Md, has received new con-
tracts amounting to more than
$525,000 in two months ended
August 1, the firm reported.
Included was a $4,000 sub
Evening star., 1961-08-17
Opens D. c. Office

Skipper Yourself, Inc, boat
rental firm, has opened head
quarters at the Washington
Marina on Maine avenue S.W.
The firm has five other offices
IN nearby Maryland and
Virginia.
Evening star., 1961-08-17
Earnings

Paramount Pictures for the 6
months ending July l earned
$4,842,000, or $2.87 share, VS..
$3,732,0O0, or 1928 a share, in
the 1860 period.
StOkely-Van Camp, Inc, in
the year ended May 81 earned
$6,O30,919, or $2.82 a share, VS..
3,456,419, or $1.46 a share. in
the 1860 period. Sales in the
year ended May 81 rose to a
recorod high of $195.O54, ,828
VS.. $183,351,601 in the preced-
ing year.
Knott Hotels Corp. in the first
half of 1861 earned 1861 ,985,
or $1.84 a share, on a gross in
come of $12,361,425, VS.. $685.
1874, or $1.21 a share, on gross
income of $13,976,916, in the
1860 period when more units
were included in the chain.
Other earnings:
Evening star., 1961-08-17
Giant Food Purchases
GFP Shares to Provide
Funds for Expansion
By DONALD B. HADLEY
Etar Financial Editor

Directors Of Giant Food Inc yesterday authorized
chase of 2500 shares of unssued stock of Giant
Food Properties Inc at share provide expansion
cash for the shopping center development firm.
This announced by company officials following
meeting of the board purchase represents
Evening star., 1961-08-17
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 /
pm. Thursday, August II:
Evening star., 1961-08-17
TREASURY BONDS

NEW YORK (AP)-Noon over the coun.
ter U. S. Government TrsesIIrv honds
bid, asked, net change and Weld for
Evening star., 1961-08-17
FOREIGN
EXCHANGE

NEW YORK, Aug. II (AP).-Foreisn
eEXcnange rates Great Britain and
australia in dollars, others in cents
and decimals of a cent?: --''
Today Prev. Day
Navajo times. [volume] (Window Rock, Ariz.) 1960-1984, 1961-08-09

English Lloyd e 1858 graduate of Arizona
College, Flagstaff Social Security Administration
Rock explains Clarn public
Union High School District the social security
bulletin which translated from English Navajo and illustrated
information concerning Social Security and its benefits took
House his months the IA pamphlet which
distributed throughout the Navajo Reservation picture byp
office Arizona State Colege)
Navajo times. [volume] (Window Rock, Ariz.) 1960-1984, 1961-08-09
ThsArehstsetvrsI and inssrins Sections Of the
Nuvaio Tribe

Under Resolution No. .ACAU-
1920, The Navajo Tribal Council
authorized the estabi shment Of the
Architec rural and Engineering
Sections of the Design and Con-
struction Department. which now
operate in offices located in Farm
ington, New Mexic o. These Sec
tions are under the immediate SUI
perWsion of Robert D. Krause, De-
partment Head of the Design and
Construction Department; with Mr..
Krause's office being located in
Window Rock
The Architectural Section is
responsible for all preliminary de-
signs, working drawings, specifi-
cations, supervision and inspection
of construction work, assistance in
preparing budgetary requests and
requests for appropriations for
needed projects of the construction
nature throughout the reservation.
All work formerly done by private
architectural firms is now being
handled by the Architectural Sec
ton and includes all construction
projects of a building nature, inclu-
ding recommendations for site i'm
provements, landscaping. etc. As
siStance to the various commune
ties on the reservation shall also
be given by this section, for any
Continued on page S
Evening star., 1961-05-29
Postal Safe
Stolen in
Alexandra

Burglars early today took a
0-pound safe containing
nearly $1,000 in cash and
stamps from an Alexandria
drug store.
Police Pvt. William Cunning
ham reported he checked the
Claremont Drug Store, a post
office substation at 1924 King
street, about dawn and found
a rear door open.
Morton Lippman of 9119
Kirkdale drive, Bethesda, the
owner, told police the safe con-
tanned about $3.50 in post office
cash and stamps, and 1924 in
drug store funds. He said the
burglars passed up two cash
registers containing cash.
Police said the burglars ap-
parently entered the store by
forcing open the front doors
and left by the rear door.
Burglars early Saturday
broke into another Alexandria
post office Substation at the
Episcopal Theological Semi
nary, and removed a safe con-
tanning nearly 5000 in cash
and stamps. The safe was
found later in some woods
north of Duke street.
Evening star., 1961-05-29
'Conservotor' Y. E. Lee to Run
Lakewood Country Club Project

cooperative apartment prof.
ect.
1.-THE mortgage holder was
practically sitting on the door,
step ready to forecloSe," Mr.. Lee
said. The apartment now is
debt free and is a client of Mr..
Lees firm.
In 1889 he and another man
founded the National Capital
Club Managers Association,
which has about 100 members
from various types of clubs in
the Washington area. He was
made an honorary member of
the Club Managers Associa-
ton of America for his services
to the club industry.
AS chairman of a Board of
Trade committee. Mr.. Lee was
active in the District suffrage
movement. He also helped or
ganize and headed the alumni
association of Benjamin Frank
| lin University where he re-
ceived a master of commercial
science degree in 1884. He re-
ceived a law degree in 1912
from Southeastern University.
His wife also is a lawyer and
a partner in the 20-member
Lee accounting and law firms
which have offices at 1911 K
street NV.
They have two sons, both at
tending Sidwell Friends School.
The Lees live at 1892 Chestnut
street NV.
Evening star., 1961-05-29
AUTO-BIKE CRASH
FATAL TO BOY, Ia

A 14-year-old Northeast boy
became the Districts fifteenth
traffic fatality Of the year early
today when he died Of injuries
caused in an auto and bike
crash last Thursday.
Police identified the victim
as Walter c. Woodland, IA, Of
260S Fourth street. NE. He
died in Washington Hospital
where he had been under treat
ment for severe head injuries
and shock.
Police said the boy was in
jured last Thursday when his
bike crashed into a taxcab near
the intersection Of Fourth and
Douglas streets, NE.
The Woodland boy was the
son of Mrs. Geraldine Grove of
the Fourth street address, and
was a student at Stuart Junior
High School.
Evening star., 1961-05-29

The man in the middle Of
the embattled Lakewood Coun-
try Club project is Vinton E.
Lee, a short, graying lawyer
accountant who has been set
tling Squabbles for years.
The 50-year-old "conServa-
tor" Of the project was ap-
pointed by District Court Judge
Leonard P. Walsh last March
to Straighten out affairs at the
mcompleted club near Rock
vile.
The club has become a bat
tleground for the three found
ers and inSurgent club men,
bers who ousted the original
board of directors.
Mr.. Lee was given authority
by the court to take control
of all four corporations in
volved in the construction and
operation of the club, despite
protests of the founders.
Confronting Mr.. Lee is the
job of keeping the club oper-
ating, trying to arrange financ-
ing to complete the half-fin-
iShed clubhouse and attempting
to get a half-million-dollar
Federal tax claim on the club
lifted.
His efforts so far have
ranged from getting the lawn
mowers out of the shop where
they were being held for non-
payment of a repair bill, to
filing a suit seeking about
Evening star., 1961-05-29
Anne Arundel Crash
otol to District Man

Mr.. Sullivan, a county COM
missioner, told police the VIC
tim appeared to be trying to
get up but said he was unable
to avoid hitting him.
The accident happened in
the Southbound lane of State
Route 6 at the intersection of
Somerset avenue at the south
eastern edge of the Charles
County seat. near the entrance
to the Physicians Memorial
Hospital, police said.
According to Trooper 1/cl.
Leon Mcclure, Mr.. Sullivan re-
ported seeing another car
parked on the opposite side
Of the road, but said it took
off Immediately after the ac-
cident.
No charges were filed against
Mr.. Sullivan, police said.
Evening star., 1961-05-29
Wage Talks
Are Resumed
AtGus Co.

Union negotiators represent
ing 1900 employees of the
Washington Gas Light Co. re-
sumed wage talks with COM
pany representatives today with
a strike deadline looming.
The membership Of Local So,
International Chemical Work.
ers Union, voted last Thursday
to give their negotiators power
to call q strike If a contract
settlement was not reached by
midnight Thursday.
Today's session was the first
between union and manage
ment since the strike power
was granted.
Workers involved are in the
mechanical, maintenance and
technical trades at the firm.
Another group of company en-
ployes, between 500 and TOO
clerical workers, also are seek
ing a new contract. They are
represented by the Office En-
ployees international Union.
Both unions originally sought
a one-year contract with an
immediate II per cent increase
in wages. The last company
offer, made at a negotiation
meeting Thursday, called for a
two-year contract with 3l2 per
cent wage increases each year
Of the contract.
The present contract expires
at midnight Wednesday. but
union negotiators have set q
midnight Thursday deadline be-
cause Of the Decoration Day
holiday tomorrow.
A company official said that,
/ in the event of a walk-out
service would be provided by
supervisory and non-union per-
sonnel.
Another possible strike, which
would have affected 10000 con-
Struction workers in the area,
was averted Saturday when the
Carpenters District Council,
AFL-CIO, and the Construction
Contractors Council agreed on
terms Of a new contract.
Evening star., 1961-05-29

BALTIMORE, May 20 (AP)
Warner BusSey, 81, of the 600
block of Rock Creek Church
road NV, Washington, died in
Johns Hopkins Hospital today
Of injuries received in an auto
mobile accident in Anne Arun-
del County yesterday.
Mr.. Bussey was a passenger
in a car which left Maryland
468 near Shadyside and crashed
through a wooden fence on q
farm owned by Taylor Leather
bury. The accident occurred
about AIS am.
Anne Arundel County police
quoted the driver, Robert Ar
ment Mitchell Of the 400 block
Of Delafield place NV. Wash
ington, as saying he was blind
ed by the headlights Of an ap-
preaching car.
Mr.. Mitchell and three other
passengers in the car were not
injured.
Evening star., 1961-05-29
School Gas Leak
DELAYS Glasses

Several hundred students
were evacuated from Washing
ton-Lee High School in Arling-
ton today when escaping gas
was detected in corridors and
classrooms.
No one was injured or suf-
fered any i'll effects.
School authorities said
teachers and pupils smelled the
odor Of gas about 1855 am,
just before classes were to be-
gin.
The leak was traced to a
safety pipe in the new wing
of the school.
Glasses started at 8:35 am.
after the pipe was repaired and
inspectors declared the build
ing safe.
Evening star., 1961-05-29
ROUTE 7 CRASH
FATAL TO CHILD

LEESBURG. Va. May %
(AP).-Barbara Paprocki 7,
daughter of Mrs. Dorothy Pa
procki Of Dunkirk. N. Y, died
yesterday of injuries received in
q traffic crash Friday.
Three others were injured,
including her mother, and a
brother, Daniel, II.
Also in the Loudoun County
Hospital here is Don Glassman,
So, Of 1000 Connecticut avenue
NV, Washington, driver of
the second car. Mr.. Glassman
is an information officer at
HEW.
Evening star., 1961-05-29

abolition Of the State poll tax
as a prerequisite to voting.
The tax is IAN absurd hin
drance to voting and serves no
purpose except to limit democ-
racy," the Negro organization
said in a resolution adopted at
a meeting here.
State Senator Blake T. New
Evening star., 1961-05-29
POLICE PROBING
HIGHWAY DEATH

An investigation was contin-
uing today in the death Of a
La Plata (Md.) man killed
Saturday night when he was
run over by q car driven by a
Charles County Commissioner
Maryland State police reported.
The victim was Xavier
Watts, SO, a laborer who ap-
parently was lying in the road
way when a car driven by
John L. Sullivan, 80, Of Char
lotte Hall. Nd, struck him, po-
lice said.
Evening star., 1961-05-29

$150,000 which Mr.. Lee claims
the founders loaned to them
selves or companies they con-
trolled.
Mr.. Lee said he frequently is
called on to arbitrate disputes
between unhappy business S
partners"
One Of his first jobs after
he became a certified public
accountant in the mid-1930S
was to help straighten out a
financial tangle involving what
was then WaShington'S largest
Evening star., 1961-05-29
Negro Group
Hits Poll Tax

RICHMOND, Va, May 90
(AP).-The Virginia Voters,
Inc, Saturday unanimously
approved a resolution favorlng
Evening star., 1961-05-29
Stoq Outing

The annual stag outing and
golf tournament sponsored by
the Arlington Chamber Of Com
merce will be held June 20 at
the Goose Greek Country Club
in Loudoun County, Va.
Evening star., 1961-05-29

substituted as a speaker at the
meeting for 1t. Gov. A. e. 8.
Stephens, a candidate for
Governor.
Evening star., 1961-05-29

ton of Westmoreland County,
director of the Stephens
Boothe-Boyd Democratic pri-
mary campaign committee,
Evening star., 1961-04-04
WIN, LOSE OR
DNAW By FRANCIS srANN
Happy Honeymoon

POMPANO BEACH Fla APRIL 4-As thev look bac,
ON lV-tne new Washington Senators and the City of
Fopano-they share mutual delight at how well spring
training came off. "It is magnificent marriage r,v
Manager W. H. (BlD ScoveH enthuses Then remember
ing tna terms Of the present contract soon expire he
Watered 1t down. "At least" scoven amended "ts been
happy honeymoon"
Pompano which means the Beach too, took new
census not long ago. There 1898 more or less perma
nelC ctzens In the corporate limits 1t remains the
SaeSC OF any Florida community playing host to big
league club yet the city averaged bigger exhibition crowds
daytime games
BY the 10th home exhibition the city already was able
70 pay ne senators their $4,000 guarantee toward training
expenses and the municipal fathers building up
profit that likely to hit between O0 The ctv
receives only 90 per cent of the gate after taxes with the
visiting clubs picking up the rest
Local businessmen delighted. IT don't have a
inquire as TO what the Senators contributed to the
economy OF the city, Lyle Weaver of the Chamber of
commerce says but by standards it is fantastic
amount"
CONVERTING POMPANO into a training site was
4Odaywonder feat comparable to the formation of the
senators themselves The city didn't even know it was
10 oe the Washington camp until after Christmas Worse
yeC CITY Manager Scove admits Nobody here knew the
IIrSC Inlng ABOUT baseball and we still don't"
Ihere Is no roof any portion Of the Pompano
no ougouts no secondary field and the cubhouses
are 100 small In the wdeopen spaces the pitchers don't
look 1ast and even when hitter drives one over the
1ence the acoustics make it sound as as If he'd swatted
a ripe orange
because the spring schedules OF the established clubs
were maoe up before Washington was granted its
anchse 1t was necessary to book almost solid slate
with b squads. These the nameless and faceless
farmhands, by and large
Joe Gordons eyes bugged when he brought his Kansas
Clty b team to play two games and given check
Tor 5000 Coach Waly Moses the Yankees B" squad
Vsby was impressed when take turned out to be
CIVIC LEADERS WANT the Senators back The
Cnamper OF commerce has just gone favorng
new 1Ve-year contract, minimum The MANAGEMENT of
tne space Satellite Hotel which originally viewed housing
ball club with repdation openly is wooing the
Senators with 1862 in mind.
Yet big league baseball is to the burghers that
some are hesitant and cautious about sinking important
money into the ball park
Ihe hes1tant even have expressed concern that the
YANKEES next year will train the north edge of Fort
Lauderdale 10 minutes away via new bridge from the
senators park How the Senators going to buck the
XankeesP one businessman naively asked
You don't buck the Yankees you make the Yankees
See WIN, LOSE OR DRAW, Page A-1s