davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-05-24

Notice hereby given in accordance with the provisions of the
Law of the New York. the Board Directors of
The Equitable Life Assurance Society Of the United States has
nominated the following named persons candidates for election
as Directors Of said Society:
ARLIE R. BARNES, Rochester, Nina.
Physician
JAMES B. BLACK San Francisco, Cal.
Chairman, Pacific Gas and Electric Company
DAVID R. CALHOUN, JR, St Louis Mo.
President, ST. Louis Union Trust Company
WALKER L. CISLER Detroit Mich
President The Detroit Edison Company
HENRY T. HEALD New York, NY
President, The Ford Foundation
MAURICE HECKSCHER, Philadelphia, Pa.
Considerably
J. ERIK JONSSON Dallas Texas
Chairman, Texas instruments Inc
ELMER L. LINDSETH, Cleveland Ohio
Chairman The Cleveland Electric
Illuminating Company
AUGUSTUS c. LONG, New York NY.
Chairman, Texaco Inc.
MILTON C. MUMFORD, New York NY.
President, Lever Brothers Company
STANLEY +. TEELE, Boston, Mass.
Dean Harvard University Graduate School
of Business Administration
ARTHUR B. VAN BeSKIRK, Pittsburgh Pc.
Vice President and Governor
I. Mellon and Sons
certificate of nomination of the candidates has been duly filed
with the Insurance Department of the State of New York.
The annual election of Directors of The Equitable Life Assurance
Society Of the United States will be held Home Office
1885 Avenue of the Americas New York 49, N December
1861, from 10 o'clock O'Clock pm, and said election
twelve Directors constituting Glass of the Board of Directors
to be elected for Of three years from January 1862 Policy
election and have been in force least thereto
entitled to vote in person OF by proxy by mail
Maya 1861 GORDON X SAITH SsstSy
Evening star., 1961-05-24
Steel Demand
NoWAssuming
SteadyPace

NEW YORK, May "a (AP).
The improvement in steel
demand is no flash in the pan,
Iron Age Magazine said today.
The national Woodworking
weekly said the recovery evi-
dent in recent weeks is orderly,
moderate and broad in scope.
It spotted signs that conSum-
ers are ordering a little further
ahead-"a pattern of past re-
coveries, which feeds on it
self"
Iron Age also noted that the
usual summer slowup may be
only a leveling off instead Of
a letdown. This is because sea-
Sonal factors have come one to
two months late this year, and
thus will hold over longer than
usual, it explained.
The magazine looks for an
operating rate Of IS per cent,
or slightly higher. Of industry
steelmaking capacity during the
second quarter. While a high
of around 70 to rs per cent
cannot be sustained throughout
the summer, Iron Age said. it
will probably reappear after
Labor Day.
Evening star., 1961-05-24
Earnings

Norfolk g. Western Rwy. in 4
months ended April 80 earned
$15,711346 or $2.08 a share VS..
$19,673,521 or $2.62 in 1850
period.
Northwestern Steel g. Wire
in 9 months ended April 80
earned $5,220,8O3 or $2.09 a
share VS.. $3,506,757 or $l.40 in
1860 period.
Green Giant Co. in year
ended March 81 earned $2,154,-
376 or 1928 a share VS.. $l,S16,-
$50 or $1.99 in 1860.
Switzerland Royalty in 3
months ended March 81 earned
$1,025,005 or $1.21 a share VS.
1881 $50 or $1.16 in 1860 period
Norris ThermadOr Corp. in s
months ended April 80 earned
81, ,08l, ,969 or 76 cents a share
VS.. $2,081,227 or $1.47 in 1866
period.
National Tank Co. in {
months ended April 80 earned
81, 1,286, ZOO or "a cents a share
VS.. $1,538,342 or $1.0l in 1850
period.
Foster Grant Co. in 6 months
ended March 81 earned $685.
SGT or As cents a share VS.. ST.
215,815 or 88 cents in 1850
period.
Missouri Pacific r. r. in
months ended April 80 had q
loss of $173,461 VS.. earnings OF
$1,779,817 in 1860 period.
Evening star., 1961-05-24
BUSINESS
BRIEFS

Electric Power Production
in the week ended May 20
totaled 1882, 900, 900 kilowatt-
hours compared with 14,278,-
100000 in the previous week
was 3.8 per cent above the like
week q year ago.-Edison Elec-
trio Institute.
Wholesale Food Index, based
on the cost of a pound each Of
81 foods in general use, this
week declined to $5.86 from
SIS. 80 last week end was a per
cent below the like week a year
ago.-Dun & BradStreet.
Construction Contracts
awarded over the Nation in
April totaled $3.297, sos. 900,
down 90 from a year ago; for
4 months $11.154,359,000, up
80 from a year ago.-F. w.
Dodge Corp.
Newspaper Advertising line
age in April totaled 24l,81l ,050,
off 5.7T from 1860; for 4
months 862, ,2O9,764, off 6.4%
from 1860. Financial advertis-
ing was up 15.4% in April and
up 5.79o in the first 4 months.
Media Records. .
Alumni u m Production in
April totaled 144, ,637 tons COM
pared with l53,022 in March:
for 4 months 596,646 tons VS..
$780, 1874 last year. - Aluminium
Association.
Evening star., 1961-05-24

Scaae hy eoase4S u1NUa
choose between yu@a ariieEEs. ..and
yoAv luggage. BHA n6 uR new
kabcn kWNA -
Evening star., 1961-05-24

m FutuEa yUa not only get a
Nxurioas interior With individually
contoured bucket seaks, a handy
console between them, waA-to-WaH
carpeting, and al the extras; yoa
Also get room fv tSee people IN the
back seat. phas...
Evening star., 1961-05-24

...a . bg HOOsy tuuk. Yca pat
baggage IN It's place, not IN the back
seat w11ich Is reserved for yosr
friends. Futsra doesn't cramp yoar
style-or yoar bsadeet either! IT'S
Americas Aowest- priced haxry
compact. It custs yoa less 10 ran,
too. Read alooat Falcon's record
breaking Mnbagas Economy Ban
win below!
sBoss6o@0eO1PSpiaDSof1 of1oazJoeAxsaM'
eaaossls1 pan1 AskaRAGzaino
Evening star., 1961-05-24
Chuirmun's Son
Quits in Protest
At Fathers Rule

SAN FRANCISCO. May "a
CAP. NO one man should run
the Carnation Co., says E. Had
ley Stuart, jr., son Of the board
chairman of the big dairy prod
ucts firm. He was talking about
his father.
The younger Stuart, "A. yes
terday announced his resigna-
ton as vice president and di-
rector of the $l66 million
business.
This is no grudge." he de-
clared. 1T is a basic policy
disagreement. The fact that
the board chairman is my
father is only incidental"
He retains his substantial
holdings in the family-con-
trolled firm but said he hoped
by resigning to call attention
to the management situation.
The elder Stuart could not
be reached for comment.
But Carnation President AL
fred M. Ghormley in Los An
geles called the sons criticism
entirely unjustified."
The best proof of that is to
look at the company's record"
Mr.. Ghormley said. For the
last six years we have set new
records in both sales and earn
ings."
Sales reyorted last year were
17,629,329 compared with
1896, ,282. 500 in 1859. Earnings
amounted to $11,152,35S, or
$5.05 a share. in 1860 and So
981, ,480, or $4.51 a share, the
l1reVi0lS wear
Evening star., 1961-05-24

FAA's office of plans. becomes
executive vice president and
director with Aircraft. Service
Inc. .. United Air Lines has
added two more wins som e
Washingtonians to the stew
ardess rolls: Gloria E. Tuell,
of 1443 Pennsylvania avenue
Sc, and Virginia A. Sheafe,
1925 Columbia drive, Alexan-
dria. Bernard T. 2Obb,
Evening star., 1961-05-24
By FRANK CORMIER
Associated Press Writer

Did Jerry and Gerard Re en-
list any fellow members of the
American Stock Exchange as
willing helpers in their alleged
massive manipulationS OF that
important market?
This is a question which in
vestigators from the Securities
And Exchange Commission pre-
sumably will try to answer as
they probe the "Rues, policies,
practices and procedures" OF
the exchange, the second largest
in New York City and the Ma
tion.
SEC lawyers already have
stated that some exchange
members, willingly or not, aided
the Res by purchasing certain
stocks at strategic times. Only
one member has been named
in this connection, however,
and no action has been taken
against him.
The Res, father and son. have
been expelled from the ex-
change by the SEC, which held
they Illegally peddled nearly
$40 million in stocks in Tigged
markets between 1854 and 1860.
Now the SEC is inspecting the
exchange, itself. to see if it gives
investors adequate protection.
Edward T. Mccormick, presi-
dent of the exchange, says the
inquiry Is welcomed and recent
reforms will discourage anyone
from trying to initiate the Res
Res Stock Specialists
Because the Res got away
with so much for so long, the
SEC proposes to find out for
itself. The agency is doubly
concerned because the Res were
no ordinary exchange members.
They were stock specialists, op-
Grating at the very heart Of the
market.
AS specialists. the Res were
responsible for maintaining fair
and orderly trading in about
20 stocks. They conducted the
daily auctions in these secur-
tiles.
According to the SEC brief
in the case, the two men
prostituted their vital role and
did many millions Of dollars
of harm to thousands Of un-
Suspecting investors"
Evening star., 1961-05-24
SEC Seeks to Learn if Res Had Aid
OfAmex Members in Manipulation

The brief said they got help
from exchange floor traders
members who speculate for
their own account. 1t said:
Floor traders could and did
create the appearance Of trad
ing activity by 'ganging up on
a stock which the Res were
distributing"
Edward j. Garrett, vice pres
ident of the Loral Electronics
Corp, gave the SEC testimony
that financier Jennis M. Dor
oShaw once told him there were
many other people on the floor
working with Jerry Re in one
alleged manipulation. Mr.. Dor
oShaw denied this.
Manipulation Charge
The reported manipulation
occurred October IS. 1854 and
involved the common stock OF
ThompSon-Starrett Co.. Inc
The stock closed that day at q
two-year high of $4.25 a share
Trading was unusually heavy
at 42,400 shares.
"At least "a per cent of that
volume" according to the brief
"can be traced to exchange
members or their wives" This
document also stated that:
The closing sale at the $4.25
high was to a floor trader.
A number of exchange men,
bers made purchases at 12K
cents a share below the days
lowest recorded price-a fact
still unexplained.
The closing sale was to Albert
Marks, the brief said. 1t re-
ported this was only one of g
number of transactions in
which Mr.. Marks bought OF
sold Re stocks at rising prices
while the specialists were en-
gagged in their alleged manip-
ulations.
Mr.. Marks last year was
hired by the Res at 5000 a
week to help run their business
while they we're sidelined by
the exchange pending a SEC
decision in their case. He is
continuing as a specialist in
the stocks they once handled
No charges were filed against
Mr.. Marks in the Re case.
In discussing price rigging
the brief said the Res also used
several methods to push ur
stock prices by painting the
Evening star., 1961-05-24

operations manager of Airport
Transport, Inc, goes to the
FAA as chief of the mobile
lounge division which will. test
the new Dulles airport vehicle.
Northeast Airlines set two
unofficial records in COnvair
88Os last week-Baltimore to
Miami in an hour and 40 min
utes: Philadelphia to Miami in
an hour and 48 minutes. :"
Evening star., 1961-05-24

tape creating the appear
ance of trading activity to whet
the public appetite. 1t said:
They spread rumors tn a t
certain stocks were sure to- sky
rocket. They wined and dined
brokers and fed them a side
order of hot tips. They had
friends and acquaintance
make strategic purchases.
Bernard (Toots) Shor, the
New York restaurateur. bought
1000 shares of Thompson
Starrett after Jerry Re touteo
the stock at a testimonial din
ner for Vincent F. Albano jr.
a Republican leader on Man.
hattan's East Side. Mr.. Albanc
bought 10000.
Others who took investment
cues from Jerry Re included
some of his good friends in the
baseball world: Chuck Dres-
sen, manager of the Milwaukee
Braves, and Cookie Lavagetto
manager of the Minnesota
Twins.
Where Res Got Stock
The brief said the stocks
which the Res sold Illegally
were obtained from corpora
ton officials who, it claimed
wanted to dispose of large
blocks without registering them
with the SEC, as normally re-
uuired by law. These officials
usually were willing to sell ir
private deals at prices below
those prevailing in the market
the brief added.
Shares moved from corpora.
ton insiders to accounts ir
various names ACC coun t
which the SEC contends were
controlled and maintained fol
the benefit of the Res. Their
they moved from these &C
counts to the floor Of the ex-
change, where they were sold
to the general public at high
prices.
The SEC brief said well over
one million shares travelled thi'
route "at a profit which mus
be of similar magnitude"
The losers. it said, were the
many public investors "whC
had every reason to expect thai
| the exchange market in which
they dealt was honest anC
fair"
Evening star., 1961-05-24

Pittsburgh Philadelphia no =
reservation route if they want
to, but they must charge SIS
instead of $11.82.
Allegheny has been having
great success traffic-wise with
the no-reservation plan and
Trans World proposed starting
it, but the examiner said it
would be a losing operation.
= 4 4 y
Allegheny starts summer sea-
son flights to and from Ocean
City, Cape May-Wildwood, At
lantic City-Ocean City begin
ming June IL. Pilgrim He'll
cOpter Services stockholders
meet at 8 pm, Friday, Room
624 Investment Building. .
David S. Williamson, deputy
assistant administrator of the
Evening star., 1961-05-24

If you want to send the
average fly-for-pleasure pilot
running for the technical man
uals, tell him there's been a
break through in low drag
boundary layer control.
And you won't even be giving
him a clue by explaining that
they've now shortened 1t to
"laminar flow control"
But the implications of Mon
days announcement from the
NOrthrOp Corp, Of an airplGne
with air-inhaling wings could
be far-reaching. The Northrop
announcement indicates q
practical solution to a 10-year
question of how to extend the
range or payload Of large
planes without adding to Their:
weight and fuel consumption.
The West Coast firm, under
a $50 million program spon-
sored by the Air Force Systems
Command, is rebuilding two
planes for the laminar flow
control system.
Reduced to bare fundamen-
tails, the system permits the
wings to inhale air, then exhale
it in mighty sigh.
In flight, there is a thin
stream of air flowing across
the aircraft skin at a slower
speed than the surrounding air.
Smooth enough as it starts, it
becomes rougher as it pro-
crosses across the wing. pro-
ducing turbulent drag to slow
down the aircraft.
Smooth, or laminar flow, is
maintained completely across
the wing. Northrop and the Air
Force are betting, by fine slots
in the wing into which the air
is sucked, then expelled in
flight direction for more power
You can imagine what the
ancients said after viewing a
demonstration of the first
wheel. why didn't someone
think of that before?"
| Invaluable for quick and
simply-explained reference, the
new u. S. Aircraft, Missiles and
Spacecraft booklet is now
available through the National
Aviation Education Council.
Published by the AerOspace
Industries Association as an
educational service in co-opera-
ton with the National Avia-
ton Education Council, the
160-page edition lists all the
aircraft and missiles which
could be identified as in pro-
duction at press time.
It's available at the Educa-
ton Councils offices, 1925
Connecticut avenue NV, for
$1.50.
A week after Senator Butler,
Republican Of Maryland, issued
assurance that no Jets will fly
out of National Airport in the
foreseeable future. he sent out
a press release saying he has
been "authoritatively" in
formed that they would be in
a few months"
He says he is convinced Of
the fact, but says such COM
mercial flights would "consti-
tute a serious and possibly
tragic breach of deral
responsibility"
Last week, FAA AdminiStra-
tor N. E. Halaby repeated that
Evening star., 1961-05-24
New Sheraton Hotel

NEW YORK, May "a (AP).-
Robert L. Moore, chairman Of
the Sheraton Corp. Of America.
will break ground May 80 in
San Juan, Puerto Rico for a
$50 room hotel on the ocean
in the Santurce section.
Evening star., 1961-05-24
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 l pm. Wednesday, May "a:
Evening star., 1961-05-24
ON WINGS
That's What 1t Means, Too!
By CHARLES YARBRoUGH

a study of jet feasibility at
National is being made, but
said no final answer would be
given without a trial period.
- y
Civil AerOnauticS Board Ex-
aminer Barron Fredricks has
told Allegheny and Trans
World Airlines they can fly the
The Phoenix Jewish news., 1961-03-31
Temple Gift Shop
Has SpecioI Items

The Heritage Gift Shop of Tenn
pie Beth Israel is highlighting a
complete line of Passover articles.
Passover Seder plates in Patina
(from Israeli, Barton'S Passover
candy and honey cakes, Passover
napkins Especially priced at 25c) +,
Kiddish cups, Haggadahs, memor-
ial lights (electric), memorial can
dies, Patina nut crackers, Yarmil-
kas, Tallises. Tails bags Especial
50 each), Tails guards, holiday
tablecloths, all Jewish cookbookS
and MatZah covers.
In addition to the Passover ar
ticles, the Heritage Shop features
for all-year occasion gifts and
home use-Israel and Italian door
and chain MezzuzahS, Yiddish
greeting cards, monogrammed sta
tionery and paper items, gift certi-
ficates, books, invitations, desk
sets, Bar Mitzvah napkins, candles
and jewelry. All toys in stock are
" price.
Sisterhood members of Beth Is
rael receive 1919 donor credit on
all purchases. Proceeds from t h e
Heritage Shop are used for the Re
ligious School. The shop is open at
all times. Any item not in stock
will be ordered.
For further information call the
Temple, AM 4-4428, or Mrs. Louis
ZuSSman, WI 3-3101.
The Phoenix Jewish news., 1961-03-31

NEW YORK - Label A. Katz,
president of B'nai Birth and chair
man of the Conference of Presl-
dents of major American Jewish
Organizations, is general chairman
of the traditional Annual Banquet
of the Histadruth Ivrith of America,
to be held Sunday afternoon, April
16. in the Grand Ballroom OF tne
Hotel Commodore, New York CITY.
Dedicated to the principle tnat
the Hebrew language serves as an
eternal link between Jewry all over
the world, the function will be at
tended by some 800 American
friends of Hebrew culture and civic
leaders from the metropolitan area
and nearby communities. Proceeds
of the banquet will go toward IL
nancing the activities and projects
of the Histadruth Ivrith embracing
the publication of Hebrew periodl-
Gals, books, Hebrew study courses
for adults, Hebrew Arts Founoa-
ton, Hebrew Youth and service to
The Phoenix Jewish news., 1961-03-31
AnnuoI Luncheon
Set BY Nursing
Home AuxiIiarY

Kivel Nursing Home Auxiliary
is making plans for its annual
installation luncheon at A ri z n
Ranch House Inn Monday, April
II, at IL p. m.
Chairman of the nominating
committee is Mrs. Dean Davidson,
and committee members ar e
Mines. John Hildebrand, L ouI S
Greenberg, Lew King, and Albert
Horwitch.
A musical program will feature
Mrs. Sam Mackoff, vocalist, with
Mrs. Stanley Kesselman, accom-
panist.
Proceeds of the luncheon are to
be used for purchases of additional
physical therapy equipment for Ka-
vel Nursing Home.
Donation for the affair is $2.25.
Reservations may be telephoned to
Mrs. Hildebrand, AM 5-8040, and
Mrs. Mike Haskes, AM 6-4370.
The Phoenix Jewish news., 1961-03-31
Med Center
To Honor The
Joseph Bunks

The Phoenix Chapter of Hadas-
ah has announced that a bed has
been endowed in honor of DR.. and
Mrs. Joseph Bank, 2210 N. 9th
Ave-, in the new Hadassah-Hebre
University Medical Center near
Jerusalem, Israel. DR.. Bank, con-
sidered the Dean of Medicine in
Phoenix, is a diplomatic in internal
medicine; and the bed will be To-
Gated in that section of the new
hospital, which will be opened June
6.
Mrs. Bank was a founding mem
Der of the Phoenix Chapter and
served three terms as the first
president of the Southwest Pacific
Coast Region of Hadassah, with a
membership of around 10000 at the
time of her presidency. She also
served on this organizations ma
tional board.
Members and friends in the COM
munity joined to make the endow-
ment possible, under the chairman
ship of Mines. M. B. Goldman Jr.,
for the Phoenix Chapter; Bernard
Young for the Sabra Group; Sey-
mour Sachs for the Elana Group;
and Eugene Lipow for the Sharon
Group.
Presentation of the certificate
will be made at the 10th annual
Hadassah Donor Dinner on April
% at Hotel Westward Ho.
The Phoenix Jewish news., 1961-03-31
Psychologists
On Panel For
Single Parents

"dow to Live With Your Several
Selves" will be discussed by DR..
Leonard and Mrs. Gina Mandel at
the monthly meeting of the Valley
Chapter of Parents Without Part
nerS, Inc, at the Jewish Communi-
ty Center, 1910 E. Camelback
Road, Thursday, April 13, at 8 p. m.
Single parents are invited to at
tend and share experiences and
interests with this vital, growing
group.
Leonard Mandel, Ph.D. is psy-
chologist and psychoanalyist, edu-
Gator and lecturer in private prac-
tice in Phoenix since 1916, and was
formerly in practice in Beverly
Hills, Calf. Gina Mandel, M. A.,
psychologist, educator and lectur-
er, was formerly a social service
worker and member of the L S
Angeles Psycho-Analytic Stud d y
Group and credentialed psycholo-
gist with the Los Angeles School
System. She is now in private prac-
tice as a psychologist specializing
in problems of the family in as
sociation with DR.. Mandel. Both
have lectured extensively as hus-
band-and-wife panel.
Parents Without Partners, Inc,
is a national non-profit, non-sectar-
ian group chartered in 1858 to help
single parents create as normal a
home as possible for one-parent
family. Membership is open to par
ents left alone by death, divorce
or separation, whether children are
in custody of the single parent or
not.
The Phoenix Jewish news., 1961-03-31
Hebrew Language, Culture
Banquet Slated In New York

many institutions in the fields OF
Hebrew studies.
Acceptance of the Craftsmanship
by Label KatZ, himself a young
man, augurs a new and significant
approach by an American born
Jewish leader to the problems OF
the Hebrew movement in this coun-
try and a reevaluation of the inn
portance of the Hebrew language
and culture.
Mr.. Katz has invited Rabbi Will
liam Berkowitz to be his co-worker
in this effort. Rabbi Berkowitz, also
a young man, and American-born,
now holds key position in New
York as the spiritual leader OF
Congregation Bnai Jeshurun. He
succeeds DIR. Israel Goldstein VINO
retired recently to make his home
in Israel. DR.. Goldstein was also
very close to the work of the Hista-
druth Ivrith and served as chair
man in past years of two OF their
annual functions.
The Histadruth Ivrith of America
was founded As years ago with Is
raePs president, Itzhak Ben-Zvl,
and Israel's prime minister, David
Ben-Gurion, who were in this coun-
try at that time, as members OF
the founding committee.
Leaders and personalities from
all segments of American Jewish
life have joined the Banquet Com
mittee. Honorary chairmen of this
function include: DR.. Samuel Bel
kin, DR.. Louis Finkelstein, DR.. Mir
lam Freund, DR.. Nahum G d.
mann, Mrs. Rose Halprin, M S.
Siegfried Kramarsky, Mrs. Clara
Left, Rabbi Irving Miller and DR..
Ahba HilleI Silver.
The Phoenix Jewish news., 1961-03-31

Miss Diane Brown was m d
Queen Esther at the 18th annual
Purim Ball March in the Thun-
derbird Room of Hotel Westward
Ho. She succeeds Miss Joan Ehr-
Itch.
Named as attendants were Misses
Fritzie Ann Roedel and l. n q a
Shcolnik.
The final six candidates r o m
81 entries were presented WI n
gifts from the education committee
of Beth Ell Congregation, sponsors
of the event.
The winner was awarded a tro-
ply and was crowned by Rabbi
Carol Klein. Miss Browns spon-
sor, City of Hope Chapter 245, was
given a bronze plaque for having
its candidate selected as queen.
Considered in judging were poise,