davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-06-05
BY SYLVIA PORTER

ing or arranging to borrow
funds you need.
For businessmen, this is the
time to sign the best loan
agreement you can obtain
and this applies to refinancine
loans as much as borrowing
new cash.
AS a homebuilder or home
buyer, this is the time to gel
your mortgage funds. The
Federal Housing Administra-
ton last week cut its maximum
rate on FILA insured mortgages
from 512 to 5H4 per cent, fol-
lowing up a cut from 5A pei
cent in February-in the hope
that this will put additional
pressure on mortgage rates ir
general. Perhaps it will, but
if there are any reductions ir
mortgage interest rates from
this point, they are sure to bt
modest and the FHA has M
plans for any more rate cuts
Mortgage funds are still abun-
dant, rates are well below their
highs of 1860.
For an executive of a cor
poration or an official Of 9
State. city or town planning
to sell boVss to raise cash
Evening star., 1961-06-05
Earnings

!. Western Union Telegram ir
4 months ended April 80 earned
So, ,190,201 or so cents a share
VS.. $3,815,074 or so cents ir
1860 period.
Vanderbilt Tire g. Rubber In
year ended December 81 ha6
a loss Of $1,029,291 VS.. earnings
of $209,112 or % cents in 1853
Western Air Lines in
months ended April 80 had q
loss of $641 900 VS.. earnings Of
$1,101 900 or II cents in 1856
period.
Braniff Airways, Inc. in
months ended March 81 had q
loss of $406,746 VS.. a loss OF
$486,96S in 1860 period.
lee Rubber & Tire Corp. in
Is months ended April 80 nac
Ia loss of $214,429 VS.. earnings
Of $2l7,676 or Is cents in 1866
period.
John Morrell & Co. in 2G
weeks ended April 90 earned
$206,526 or 18 cents a share VS.
$2,241 ,429 or 81 in 1860 period
Baltimore Transit Co. in 4
months ended April 80 earned
$78.950 VS.. $185,536 in 1860
period.
Evening star., 1961-06-05
PEOPLE
IN
BUSINESS

Charles E. Buchanan, Harry
F. Gemme and Robert ID. Peter
son will be honored by the
Kansas City Life Insurance Co
for their sales records at q
Presidents Club seminar in the
Shoreham June 1928. The Dis
trict statesmen are among 17C
being recognized.
William A. Ward has received
the Marque tie All-Americar
Salesmansh;p Award for his
sales record with Interstate
Supply & Equipment, Inc, 1916
Half street, S.W. The award in
cluded a check for 81, 500 and a
trophy.
Bernard A. Martin, president
of Capital Cigar & Tobacco Co.,
Inc. in Washington has been re-
elected president of Mutual
Mer h a ndising Cooperative
Inc, national marketing or
ganization.
Evening star., 1961-06-05
United Air Lines
Names Officials

United Air Lines announced
the appointment of two addi-
tional officials in this area as
a result of the merger of Capt.
tai AirlineS into United.
Clark E. Luther, former di-
rector Of flight operations for
Capital, has become assistant
to the vice president-flight OPP
erations for United, with head
quarters here.
r. ]. Meyers, eastern regional
manager of personnel fol-
United at New York City has
been named regional personnel
manager for the southeastern
region here.
Evening star., 1961-06-05
Capital Film Sales
Rise. Profits Dip

Capital Film Laboratories,
Inc, today reported an increase
in sales of $4,000 to $1,619,98
in the IL months ending March
81 over the previous year. But
the firms net profit dropped
$4,684 to $25,270.
James A. Barker, president,
attributed the low net to 'in-
creaSingly intense competition
in many areas" and wide fluc-
tuations in volume character
isticS of the industry.
Despite the fluctuations, the
company handled Is per cent
more orders than in the pre-
vious year. Capital Film will
complete a new building with
$1,000 square feet of space at
Fourth and E streets S.W. by
october. 1t will be the first
laboratory in the East with a
new process making two To-
millimeter movie prints on one
roll of 35-millimeter stock.
The stockholders annual
meeting will be held June IA.
Evening star., 1961-06-05
ON WHEELS
Enter, the Sprite Mark II
BY CHARLES YARBRoUGH

Illustrated predicted that the
lone foreign entry will have a
far-reaching effect on the fu-
ture of the Indianapolis clas-
sic" The magazine reasons
that "if the Cooper makes a
showing, it will surely enccur-
age other foreign entrants to
come and fight for future 800"
purses, and thus force Ameri-
can designers to produce COM
petive models"
Club business:
VOlvO Clubs anniversary
rally and buffet supper is
scheduled for a start from An
napoliS Motors in Kensing-
ton, pm, next Sunday; Jim
Britt at OIL. 2-38S9 is taking
reservations.
The District TSOA Team
Trophy rally. Prince Georges
Plaza shopping center, 10 am.
next Sunday. Bud Knowles,
SP. 3-6754 has details.
Sports Car Club monthly
meeting and Grand Prix de
Plaza, Prince Georges Plaza
June 13; Concours d'Elegance
Carter Barron amphitheater,
June 18.
General Services Admins
tratiOn, the Governments big
car buyer says it isn't worth
while to run an automobile
longer than six years. Stu
debaker is introducing the Sky
top sun roof Lark. Billy
Barrow, 4606 Aspen roaA
Rockville, has been named the
outstanding parts and acces-
sories manager of 1861 among
Pontiac dealerships in the
Washington zone, taking tor
honors for Wilson Pontiac, Sill
yer Spring. James T. F.
McNey, of McNey Motors, Be-
thesda, gets an all-expense paid
trip for two to Austria and
Germany for top Mercedes.
Benz sales. May arrival
of RenauIts in this country
reached the highest total ir
IL months-over 5000 cars.
Look for convertibles in the
1862 compactS from rOntiac
Buick, OIdsmObile and pos
Sibly Chevrolet. Denni:
Shattuck, formerly of Compe-
tition Press, has been named
editor of Car Life Magazine
Based on daily sales oi
cars and trucks in the first q
days of May, Ford had its
best sales for any May sine
1855. Chrysler's annua
Ipreview of new cars will bt
moved from Miami Beach
where it has been held fol
the last four years.
Evening star., 1961-06-05

SlO.OOO into the fund July 81
1852, would have a total of
$35,164 on April 30. 1861, if all
dividends and distributions had
been reinvested. The total
would not make allowance for
income taxes.
AS previously reported, the
fund in the IL months ending
April 30 reached a record Level
in assets, Total net assets were
$26,586,299 after deduction OF
S1,026,921 or 40 cents a share
to be paid June /.
The total compares with
$18,413.511 a year earlier, an
increase of A per cent.
James M. Johnston, fund
president and partner OF
Johnston, Lemon & Co. brok-
erage firm here, reported the
fund held ownership in 6e
companies as the fiscal year
closed. The fund stepped UP
its investment in aircraft and
defense stocks from 1877 pei
cent to more than 5 per cent
of total holdings in the period
1t also entered three new
fields, leather and. shoes d.3S
per cent?, office equipment
Q.52 per cent? and textiles
Q.09 per cent?. But stocks in
electrical and electronics in
dustries were reduced from 3.14
to Sc per cent, the report
showed.
Evening star., 1961-06-05
Montgomery Rated
Leader in Income

The Magazine Sales Man.
agement. ranks Montgomery
County first in per capita buy
ing income among the 200
leading counties in the United
States.
The estimated buying income
for local residents in 1860 was
$3.50. In another listing of
per household effective buy
ing for the same period, Mont
gomery County is also first
with an estimated $11,464 per
household. et
Other counties ranking be-
low Montgomery in household
income were Arlington, Va;
WeStchester, N. Y: New Castle,
Della, and Nassau, N. Y. In per
capital income counties below
Montgomery were San Fran
cisco. Calf. Arlington. Va,
Westchester, N. Y, and San
Mateo, Calf.
Evening star., 1961-06-05
BUSINESS
BRIEFS

Gas Appliance shipments in
the first four months Of 1861
totaled 963,000 units, up 80
from the 1860 Periodicals
Appliance Mfgs. Assn.
AvcO Corps Lycoming Di-
vision announced receipt of
orders for $18 million worth of
gas turbine engines and related
products.
Bellanca Corp. stockholders
approved changing the firms
name to Olson, Bros, Inc, thus
shifting the former airplane
manufacturing firms emphasis
to egg production and market
ing.
Jewel Tea Co. sales in 4 weeks
ended May 20 totaled $40,705, :
005. up 500 from 1850: for 20
weeks ended May 20 $201 ,805, =
693, up $40 from 1860.
Evening star., 1961-06-05

Many a fan whiled away
some of the hours at Marl-
boro's Six Hour Endurance
sports car race yesterday look
ing over the newly-arrived
Mark II version of the Austin
Healey Sprite. ....
Called "the worlds beSt-loved
sports car" in the current issue
of Car and Driver magazine
the Sprite was introduced as
1859 models late in 1858 and
with its bug-eyed stare, quickly
turned into a highly-popular
conveyance. 1t would be a safe
guess to figure that at least
1000 have been sold in the
Washington area.
Manhattan Auto has received
the first two of the Mark lis.
The bug-eyed look is gone on
the restyled front end as the
headlights go outboard into the
tenders. There is now a deck
| lid and a hood which raises,
rather than the entire front
end as on the Mark I. A
carpeted jump seat behind the
two bucket seats gives addi-
tional children-and ior- luggage
space.
Power has been upped to so
horsepower in the 948 &C. en-
gine which has a 9:1 compress
sion ratio. The price tag is up
slightly, but still less than ST.
900,
A few weeks ago this column
carried a statement from a
General Motors official who
said the chances of your keys
matching the ignition of some
one else'S automobile are lin
finitesimal."
Not so, says A. John Oakley,
of Bethesda. MY brother and
I each own a 1857 Ford" he
writes. HE bought his new
I bought mine secondhand in
1859. We found that our ig-
milton keys are interchange
able"
Sports car enthusiasts who
wouldn't be caught dead at the
Indianapolis 500 race, gathered
great comfort at the excellent
S howing Australia's Jack
Brabham made in his Cooper
Climax.
Giving at least $50 horse
power advantage to the high
powered Indianapolis cars
Brabham finished a respect
able ninth in a field of 33 ano
only IL cars finished.
That the little Cooper fin.
ished at all was a surprise
even to the Coventry Climax
engineers who hurriedly built
its 252-horsepower engine.
Even before the race. Sport:
Evening star., 1961-06-05
AgencyFOrms
Unit 10 Advise
On Marketing

A marketing advisory board
including a drug chain execu-
tive, d professor in business
administration, a food diStri-
button expert and a soft drink
official has been created by
a Washington a advertisin
agency.
Kal. Ehrlich & Merrick to-
day announced it has organized
the ejght-man board to ana
lyze marketing strategy foI
consumer products.
Alvin @. Ehrlich, agency ex-
ecutive vice president, is pres
ident of the new Advisory Mar
keting Board. Four members
are partners in the ad agency
the other four from other
fields. 1t will function for the
agency and its clients, but will
operate as a separate, inde-
pendent body.
What we're aiming for is
a detached and expert opinion
by a group that sees a total
picture said Mr.. Ehrlich.
Were calling on experience to
fill the gaps that exist between
the specialists in all fields OF
marketing"
On the board are Dwight L.
Gentry, professor in business
organization, University of
Maryland; Milton L. Elsberg,
president of Drug Fair; John
A. Logan. president of John A.
Logan Associates, management
consultants, and Carl B. Salts,
vice president of Pepsi Cola Co,
Agency officials on the board
are Norman c. Kal, agency
chairman; Harry L. Merrick,
ST., agency president, Bernard
r. Linkins and Mr.. Ehrlich.
Evening star., 1961-06-05
Hechineer's
StoreOpens
InAIexundric

Mayor Leroy S. Bendheim
and John W. Hechinger, presi-
dent Of Hechinger Co., offici-
ated this morning at the open
ing Of the new Hechinger store
in Alexandria, Va, at 3l31
Duke street. An open house for
the public followed.
The store, representing $780,
900 worth of evidence of faith
in the do-it-yourself trend"
has $1,000 square feet of air.
conditioned selling space and
was designed by the architect,
Walter Gropius. High windows
admit light. A 130-car parking
lot is located in the rear.
BENJAMIN LawlesS of the
Museum of History and Tech
nology, Smithsonian 1nstitu-
tion, designed. a surrealistlc
structure near the lumber
counter to dramatize the con-
ventional building materials
that go into a house. In the
area between the store and
Duke street is a 10,000-square-
foot garden shop for the dis
play of growing stock and
equipment.
West Of the new building is
situated the 4,O00-square-foot
store that served from 1852
to the present. L
Robert Lamar, an employe
since 1947 and manager of the
old Alexandria store, is con-
tinuing as manager.
Inc store hours will be Mon
DAY, Thursday and Friday,
$3.50 am. to 9 pm; Tuesday,
wednesday and Saturday, $40
am. to 6 pm.
The Hechiner Co. is celebrat-
ing its 50th year of business in
the area.
Evening star., 1961-06-05

this is the time. Corporations
have been piling into the cap
ital markets to sell bonds at
the comparatively low interest
rates of recent weeks, and so
have municipalities. Actually,
borrowing rates already are
less favorable than earlier this
81 ring.
Demand Is Rising
On one side, as a result of
the quickening in the economy,
the demand for loans again is
on the rise.
Last month corporations
sought twice as much money
as in the recession month of
May, 1860. Borrowing by states,
cities, towns, etc., also was
heavy. The Treasury is about
to compete for funds on an
increasing scale to cover the
budget deficit as we'll as to
finance seasonal needs. The
pickup in BODYBUILDING is ac-
celebrating the demand for
mortgage funds.
On the other side, the supply
of funds for loans is no longer
swelling rapidly. as it did
through 1860 and early 1861.
Money will amain ample for
a while, but it will become no
more ample and it may become
less abundant as the upswing
gains momentum.
Money will remain compar-
atively inexpensive for a while
but it will become no cheaper
and it may become more ex-
pensive as the year rolls on.
distributed, 1861. by the Hail
Syndicate, Inc. All RiEh Reserved0
Evening star., 1961-06-05
Record Sales

Baltimore Chemical & Equip
ment Corp. of Washington ha;
sold a record quantity of auto
matte laundry machines to
Belleview Apartment develop.
ment in Alexandria, Va. The
company said IS washers and
so dryers have been ordered
for a total of $4,000, largest
single order in the firms
history.
Evening star., 1961-06-05

80 2oo-25o lbs 1926
100; 90 and IS 250-300 lbs 1915
1875; q double deck 3l5 lbs at 1875;
mixed 1-3 300-400 lb sows 14.00-
Cattle $4,000: calves 200; SLAUGHTER
steers steady to 20 higher, instances
so higher on weights 1,150 lbs and
down; heiferS steady TO 20. higher
higher; not enough other classes on
sale for a price test: load lots prime
and mixed choice and prime 1,O50-
prime prime rs. .50eSs.oO; choice SsOOe1 400
lbs % G-24.5O: good 21.5O-22.75;
utility and standard; 1s:5os2o; so
$3.50; utility and standard 1880
5000: utility and commercial cows
15.00-17.S0; Gamers and cutters
l4.OO-1750; utility ana commercial
veaiers S5.Oo-30.OO; culls down tc
1000.
Evening star., 1961-06-05

denS, in nearby Fairfax County,
Va.
Weaver Bros, Inc, mortgage
loan correspondent for Metro
politan Life, said the loan will
total $1.230,000.
The project is on the south
side Of Columbia Pike at Carlyn
Spring road. Colonial Invest
ment Co. is the owner and
Wagman Construction is the
builder.
Evening star., 1961-06-05
New Stock Listed

NEW YORK, June 5 (AP).-
Common stock of Harcourt,
Brace & World, Inc; New York
book publisher, was admitted to
trading on the New York Stock
Exchange today under the ticker
symbol of HBW.
Evening star., 1961-06-05
CHICAGO
LIVESTOCK

CHICAGO, June (AP)- -CUSDA).-
Hogs $500; fairly active, butchers $50
lbs. and aown steady to 25 lower,
weights over $50 lbs steady to weak;
sows steady to weak, Instances 20
lower; fair shipping demand; good
clearance; los head 1-2 21O Id butch
ers promising. a high yield Of lean cut
lbs 17.76: mixed Ia 190-23O lbs
Evening star., 1961-06-05
METALS

NEW YORK, June (AP).-Spot
nonferrous metal prices today: Copper
81 cents q pound. Connecticut Valley.
Lead IL cents a pound, New York
Zinc III cents q pound, East st. Louis.
Tin 1.11M pound, New York. Foreign
silver 9ln cents per troy ounce, New
York. Pittsburgh scrap steel No. /
heavy was quoted by Iron Age at $500
Evening star., 1961-06-05
YOUR
MONEYS WORTH
Interest Rates Lower

The downtrend in interest
1Ates which was a character
istic of the 1960-6l recession
has ended.
At best, interest rates will
move in a horizontal line dur
ing this emerging business ex-
pansion. Rates will not decline
further.
Borrowing costs will climb if
the present business upswing
accelerates. Although the Ken
nedy administration is urging
easy credit to facilitate the
1861 upturn, it won't try to
force low rates in a business
loom.
During the months directly
ahead, credit will remair ample
The Federal Reserve System
is supplying and intends to
continue supplying the funds to
the banking system deemed
necessary to finance a healthy
economic advance and sustain
n
Evening star., 1961-06-05
Metropolitan Signs
For $1,230,000 Loan

Metropolitan Life Insurance
Co. has agreed to finance con-
struction of four garden-type
apartment buildings to be
known as Grande View Gar
Evening star., 1961-06-05
Washington Mutual
Steps Up investments
In Defense Companies
By TRUMAN r. TEMPLE
Star Staff Writer

The Washington Mutual Fund largest general
common stock fund headquated here stepped up its
mens in aircraft and defense industry cut back holdings
In electrical and electronics firms in the past year.
The funds annual report mailed shareholders over the
week end also showed that investor who put an original
Evening star., 1961-06-05
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
l pm. Monday, June 8:
Evening star., 1961-06-05
Message Offered

This outline of the credit
interest rate pattern offers this
message:
Dels no longer in borrow
Evening star., 1961-06-05

this excellence substantially than Cadiacs unsur
passed reputation for economy Of operation and exraor
dinariy high resale value AS sound motor invest
ment the car Of cars merits your personal evauaton
Evening star., 1961-06-05

Cadlacs excellence has gone unchaenged for so years.
1t is primarily evident in quality luxury and comfort
1t is eloquenty defined in quiet, eortess response
every performance demand: And nothing emphasizes
The Farmville herald. (Farmville, Va.) 1957-current, 1961-05-05
SAFEWAY CHICKENS ARE A BETTER
BUY BECAUSE

Uncle Sam NSPECTS chickens protection Uncle GRADES
chickens guide to quality sfy pays premium prices you
US INSPECTED AND U.S. GRADE chickens
at lower prices but always DEPEND SAFEWAY
TOP QUALITY we'll attractive shoppers
for The USDA SEAL OF INSPECTION AND always
sAFEWAY You WILL too. haven't been shopping regularly
Evening star., 1961-01-20
TASTE THE GREATNESS
T.. of Americas most preferred bourbon

WILLIAM EisNRY HARRISON and
SEN. ROBERT HAyNg plan railroad Ae.
eording TO the Chicago Times Herald of the
l800's, Harrison. soon 70 be President, lauded
the quality of Old Crow bourbon.
Evening star., 1961-01-20
JOHN FITZGERALD KENNEDY

Born May 20, 1917, in lsrookline, Massachusetts.
dress: 294 Pond6eld Road, Bronxville New
York. Winthrop House. Crimson (2-4,; Chair
man Smoker Committee ~; st. Pauls Catholic
Club d-4l. Football (l), Junior Varsity t2,;
Swimming a., Squad (2). Golf Q,. House
Hockey e, -; House Swimming (2); House
Softla a.. Hasty Pudding of l77O
Spec Club. Permanent Glass Committee
Field of Concentration: Government Intend
cd Vocation: Law.
Evening star., 1961-01-20

book from which the picture was taken, notes,
young Kennedy was q "casulty" (sic) due to
illness. He then entered Harvard In the fall
Of 1886 and graduated with the class of 1910.
The bottom picture is from the Harvard senior
Yearbook of 194O
Evening star., 1961-01-20

Few people know John F. Kennedy attended
Princeton as well as his alma mater Harvard.
The top picture, taken from the Princeton fresh
man book, records the fact that he was men,
ber of class of 1889 having entered In the fall
of 1885. AS the Princeton man who owns the
Evening star., 1961-03-19

party. under Assistant Chair
man Margaret Price, last week
got the go-ahead on a program
to translate the Presidents
own popularity into grass
roots support for specific phases
Of his program.
AS outlined by Mrs. Price,
this effort will include an in
formation program to spread
the word on what the Pres
ident is seeking and an action
program-using postcard and
writing campaigns, for
inStance-to let the lawmakers
know their constituents are for
the Kennedy bills.
The same desire to strengthen
the Presidents hand underlies
the new party publication, The
Democrat" Its first issue prom
ised readers-some $4,000 party
workers-information on the
Kennedy program and sug-
gestions for ways to help push
the program through Congress
Mr.. Bailey, while applauding
these efforts, remains a bit
skeptical as to their direct value
THE opposition to the Ken
nedy bills" he pointed out, lis
coming chiefly frcm Republi-
cans and Southern Democrats
and. frankly, I don't know how
we can put pressure, through
Evening star., 1961-03-19

planning the groups effort to
inspire their elders and STU
dent leaders, we'd like to work
ourselves out of our jobs"
"Our example can appeal to
volunteers" Karyl said. I'VE
can't be an island by ourselves
and show many results"
So the team, besides forming
new organizations, is breathing
life into existing ones by pro-
viding the volunteer help
needed.
One aspect Of this work is
to help keep the block groups
in the Adams-Morgan area uni
fled. These block organizations
were formed as part of an urban
renewal demonstration to see
whether the citizens themselves
could plan the renewal of their
neighborhood. The block groups
voted to renew the area under
the urban renewal program and
have been promised a consult
ing role in the Governments S
work on the neighborhood.
AS for suggestions for PreSi-
dent Kennedy'S Peace Corps,
Karyle said his experience to
date points up the need for
intensive and specific training
Of volunteers before they are
sent out into the field.
Evening star., 1961-03-19

the party. on many Of these
Democrats"
Ironically, however. Mr.. Bal
ley believes the number of Re-
publicans backing the Presi-
dents, program may increase
as G. o. P. Representatives
from Northern metropolitan
areas learn of the developing
popular support for Mr.. Ken
nedy.
Republican backing has, as q
matter of fact, been vital to the
President on his early round oi
congressional fights. Twenty.
two Republicans. from just such
areas as Mr.. Bailey mentioned
backed the President on the
rules fight, which he won by
five votes.
Five Republican Senators
were part of the Presidents
44-42 victory on the joblesS
pay test.
Looking ahead to 1862, Mr.
Bailey has bad news for Demo
Evening star., 1961-03-19
POLITICS
Continued From First Page

Continued From First Page
The same forces that aid party
cohesion when the President is
winning weaken it once he
loses a round.
3. The supply of presidential
weapons is diminishing all the
time. Every time a job is given
in return for a vote, the stock
pile of available jobs is re-
duced. Every time an admin
istrative decision is made, the
possibility Of consideration for
lawmakers Of the opposite view
point vanishes. That is why
most Presidents have seen their
influence on Congress diminish
as their terms run on.
Public Seen Satisfied
Those close to the congress
sional fighting are convinced
the Presidents hand must be
strengthened in the constitu-
encies if his legislative program
is to survive.
/ National Chairman Bailey,
who has Travelled from coast
/ to coast in recent weeks, is sure
this is happening.
There is great satisfaction
at the way he has taken charge
Of the presidency" Mr.. Bailey
said, both among those who
voted for him and many who
did not.
ITO some extent, this means
support Of his program, but
the people like best the fact
that he has taken charge, that
he's on top Of things, that he
obviously knows what is going
on"
! The women's division Of the