davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-02-27
CHICAGO
LIVESTOCK

CHICAGO, Feb. 27 (AP) UsDAD -
Hogs 1900; butchers under 220 lbs
active, Steady to strong: over go IDS
SLOW, weak to 25 lower: sows steady;
mixed IL and mixed Ia l9O-22G
lbs Is.0O-1S.8O: % head l-2 around
3IO lbs 1875; mixed ID and mixed
2-3 2sO-37o lbs I7.75-ls.25i mixed
% and IS 270-30O lbs .5O-l :;
mixed grade 1-2 and mixed 1-3 500
400 ID sows 16.25-l1.25: mixed 2-3
and IS 400-600 lbs 15.0O-l6.5O.
Cattle 22,0OO: calves 100: steers
and heifers steady to 25 lower, de-
ciines largely on good and below: cows
fully steady; bulls, yealers and stock
ers and feeders steady; 2 loads prime
1,225-l ,325 lbs $685.. bulk choice end @
prime 9OO-l 400 lbs 25.25-2S.00
mixed good and choice 900 300 lbs
24.OO-25.25; good steers % .7b-2 90
q few standard, mixed standard, good
2O.OO-22.75: a few high choice, mixed
choice and prime heifers 26.O0-26.2
choice heifers 25.00-26. .0O;, good and
mixed good. and choice 2l.75-24.55;
utility and standard 16.5O-2l %:
utility and commercial cows 1900
1873: Gamers and cutters 1919
1850: utility and commercial bulls
.17.50-2l 90: good and choice vealers
%. .OO-31 90: culls down to 400; q
load OF medium and good 7S4 lh
feeding steers 225O: part load medium
and good 596 ID stock steers $500.
Evening star., 1961-02-27
Ancient History
~ SYLVIA PORTER

I went back to Hunter Col
lege in the heart Of Manhattan
recently to participate In my
alma matters birthday celebra-
ton, and while I glanced at
the thousands of faces in the
assembly hall. ! suddenly real
lied that only q few dozen OF
us in that hall were alive during
the depression Of the 1930s.
To these young adults a
catastrophe which violently re-
nodded the American economic
SYSTEMS in a category akin
to ancient history! The de-
preston decade probably means
as little to them emotionally
or intellectually as the Civil
War. They take for granted
such social and economic laws
as unemployment benefits, le-
gal minimum wages, insurance
Of bank deposits. social Sc
curity.
What I am writing about
here is far more than a per-
sonal anecdote, for behind this
tale are implications Of pro-
found significance. Before !
suggest a few, let me recall to
you how it was then. 80.
We are in a recession now,
the fourth since World War II,
and almost 7 per cent Of those
able and willing to work are un-
employed. But do you know
Evening star., 1961-02-27
Research Seen as Aid
In Payments Balance

A publication Of the Cham
ber of Commerce of the United
States just off the press says
Americas booming research
and development programs
may come to the aid of the
United States payments deficit.
1t is entitled THE United
States Balance of Payments
Position" and was prepared by
the chambers Committee on
Economic Policy.
The booklet points out
Americas research and devel-
opment programs jumped from
SO billion annually in 1850 to
$l3 billion in 1860 and will
give long-run results" But the
report cautions: THE gold
drain, If continued at the rate
since 1857. will soon undermine
the position of the dollar as
an international reserve cur
rency." It said personal In
comes abroad are rising and
this should boost United
States exports.
Evening star., 1961-02-27
%Increuse
Forecast for
Steel Output

CLEVELAND, Feb. II (AP) :.
"A 10 per cent increase in
steel production and shipments
next month was forecast today
by Steel Magazine.
The Woodworking weekly
said the upturn is inevitable,
regardless of whether or not
automobile manufacturers step
up their buying. because liqui-
dation of steel inventory is
tapering off and consumption
is showing a seasonal upward
trend.
The magazine estimates that
ingot production in March will
be close to seven million tons,
compared with 6.2 million in
February, and that first quar-
ter output will be 1875 million
tons. a 4 per cent increase over
the 1879 million tons produced
in the fourth quarter Of 1860.
Production is at the highest
level since June and is ex-
pected to hold close to the cur
rent weekly output Of about
1890, 900 tons during the next
few weeks, Steel said.
Some mills are reacting to
a pickup in orders, while
others. seeing no immediate
improvement, are preparing for
better business by increasing
their inventories of semifin-
iShed material" it explained.
ITO get their share Of an ex-
panding market, they'll have to
compete on a speed-of delivery
basis"
Steel'S price composite on
No. l heavy melting grade
steelmaking scrap gained 80
cents to $34 a gross ton last
week. Buying for export is the
chief support for the scrap
market. with japan the biggest
customer.
Evening star., 1961-02-27

But do you know what took
place then? In 1882 the num-
ber of marriages was a quarter
million below the number in
1929. In those years the trend
from farms to cities reversed
and families fled to the farms.
Dangers Reduced
I could 60 on and on under
lining the extent to which 1929
80 was a depression without
parallel, but enough. What are
some Of the implications Of the
comparisons to all Of us?
One fundamental implication
Is that, in the years since then,
we have learned how to prevent
depressions Of this magnitude.
The "stabilizers" my genera
tion built into our economy
work to maintain incomes,
sales. production, profits dur
ing downturns. We have con-
quered depressions.
Another fundamental impli-
cation Is that we have learned
how to moderate receSsions too.
1t is no accident that the post
World War II downturnS have
been milder and shorter than
in previous decades. We have
changed our form of society
and developed great controls
over it.
A third fundamental impli-
cation is that, as we learn
more, we will do more to cush-
ion future recessions. Our un-
employment insurance system
is going to be overhauled, i'm
proved. We have still to expert
ment with the dynamite power
of tax reduction.
The business cycle is not
dead-that's obviouS-but it is
more under our power than
ever before.
Distributed 1851 by The Hall Syndi-
cate Inc. All Rights Reserved
Evening star., 1961-02-27
Zenith to Introduce
Color N This Fall

Zenith Radio Corp. an
nounced it will go into the
color television business this
fall. A line Of completely new
color television receivers will
be introduced, Board Chairman
Hugh Robertson said.
Zenith radio and television
products are distributed here
by the Joseph M. ZamoiSki Co.,
2122 Twenty-fourth place NE,
as exclusive distributor. The
new models will contain a
th-developed color de-
modulation system which en-
ploys q new tube invented by
the company's scientists, Off
cialS said.
Evening star., 1961-02-27
ON WHEELS
Is the Auto There to Stay?
By CHARLES YARBRouGH

One Of the great arguments
for automatic tranSmiSSions
remains that notable Limited
Progress highway, Arlington
boulevard, during rush hours.
It is one of a number of
patience-eroding thoroughfares
where time can't possibly be
of the essence and where, at
times, the automobile Is there
to stay.
Now that vanishing SHOWS
have disclosed all four lanes
and the 35-mile speed limit
signs, rush-hour traffic moves
along at about a l2-mile-an-
hour average clip. A tran
quilizer conceSsionaire could
make a mint on either side Of
the road.
Seeking a new and lumber
ing statistic during last Thurs
day mornings rush-hour morn
ing rain, I counted the number
of necessary gear-shift changes
in a four-Speed manual trans
mission sports car.
Driving from Seven Corners
down through the Lubber Run
Valley Of Despair, through the
PentagOn Mixing Bowl and
across the Fourteenth Street
Bridge required Isl gear
changes! The time: Almost
two hours.
1t was interesting to note
Evening star., 1961-02-27
YOUR
MONEYS WORTH

how it was in 1888? Then near
ly IS per cent Of our total work
force were jobless-12.90 900
out Of 51,600.000! And there
were no unemployment inSur-
ance systems to help them.
We are in q period Of sliding
industrial production, and since
July. 1860, industrial produc-
ton has declined 7 per cent.
But do you know what hap
pened in the early 1930s? Be-
tween 1929 and 1888, industrial
production crashed more than
so per cent. Factories the ma
ton over closed their doors,
employers went bankrupt by
the hour. And there were no
Federal or State programs to
put them back into operation.
We have been in q declining
business trend since May, 1860
almost II months. But do you
know how long that decline
lasted? 1t went on for 43
months and by March, 1888,
personal incomes had been
slashed 49.8 per cent, retail
sales had cracked 43.3 per cent.
nonfarm employment had
fallen 30.7 per cent, corporate
profits" were down to a minus.
We are noting a leveling off
in the marriage total and
watching the pace of the move
ment from farms to cities.
Evening star., 1961-02-27
Kennedy's Cautious Policy
Cheers Business Community

ing again" theme of the
campaign.
Wall Street, where the bulls
are in the dancy, Is
cheered because the admins
tration is taking specific steps
to end the recession and ex-
pand the economy.
Wall Street Is a little bit
wary about what to expect in
the area Of tax reform. since
so many able tax theorists who
have long espoused major
changes have top administra-
tive jobs under Mr.. Kennedy.
But the general feeling also
seems to be that any tax re-
form probably will include a
better break on depreciation
for business.
Not to be overlooked Is Mr..
Kennedy's frank wooing of
business support. His address
to the National Industrial Con-
ference Board in Washington,
in which he suggested a full
fledged alliance" with business
was well received by business
leaders.
He said: "On behalf of my
associates in the cabinet, I
want to be very precise: We will
not discriminate for or against
any segment of our society.
We are vigorously opposed to
corruption and monopoly and
human exploitation - but we
are not opposed to business"
Jokingly, Mr.. Kennedy said
it would be premature" to ask
for business support in the next
election. But if performance
matches promise, he may well
geG some.
Evening star., 1961-02-27
By HOBART ROWEN


North American Newspaper Alliance
Taking stock Of President
Kennedy one month after in
auguration day.. the business
community is agreeably sur
prised. Like most trips to the
dentist, the voyage along the
New Frontier has been nowhere
near so painful as advertised.
Most businessmen, who wor-
ried that a Democratic VIC
tory would bring in its wake
massive spending, unbalanced
budgets-even a devaluation Of
the dollar-have bad to revise
their judgments.
Mr.. Kennedy, for the most
part, has followed a conserva-
tive, even judicious pattern. He
has, for example, temporarily
vetoed a suggestion made by
his economic advisers that he
ask Congress for discretionary
authority to revise taxes.
At a press conference, he
spoke feelingly about the po-
tential loss of IS billion through
a tax cut, and said that this
would be "a serious matter
Last october, Mr.. Nixon woulc
scarcely have predicted thai
Mr.. Kennedy would be sc
cautious.
AS a matter Of fact, mucf
of the criticism that is directed
at the Presidents economic
program comes from labor anc
liberal groups. They feel the
President has cloaked himsel1
with a timidity that doesn't
stack up when "let's get NOV
Evening star., 1961-02-27

that it took a Navy TalOs Su-
personic missile % minutes to
cross the bridge, portal to
portal.
It was on a tractor trailer
in front of me.
4 +
Women SELLING auto
mobiles?
From time to time, the
auto industry emphasizes that
women are becoming an i'm
presSive influence in car buy
ing and now comes ChrysIer's
director of sales, M. L. Van
DagenS, with the premises that
the opportunity for women in
selling autos has never been
greater than it is today"
An attractive. persuasive
saleswoman in the salesroom
today might accomplish a dual
purpose: Swing the car-buy-
ing ratio back to the men and
increase tagging sales.
Mr.. Van Dagens says sales
women can talk the women's
language, but they can be just
as effective in selling automo-
biles to men,"
If he wants Recommendation,
he can find it in Warrenton,
Va, where Mrs. Arabelle Ar
ringtOn and her husband, Wal
ter, have been running the
Dodge Plymouth Simca agency
since 1946 and turned in their
best year Of all in 1860.
Chrysler reports that a Cum
berland, Md, leadership also
has hired five women on the
sales staff.
- y.
Washington area Mercedes
Benz dealers are looking for
ward to delivery of the first of
the new 22O Sc COupes, re-
Gently announced by Stude-
baker-Packard, domestic dis
tributors Of the German luxury
car.
Powered by a six-cylin-
der, 134-horsepower fuel injec-
ton engine, the new one re-
tainS its luxury, but moves into
the sports car type with trans
mission-mounted stick shift,
tachometer, front bucket seats.
Top speed through the four
speed, sychroniZed box Is los
m.p.h. The price: In the So
500 range.
Sports Car Club of Americas
monthly meeting will be held
at Woody's auditorium, Chevy
Chase at 8 pm, March 7,
showing films OF the 1860 Sc
bring race a phone caller
Evening star., 1961-02-27
Aerospoce Activities
Directory Issued

A Washington information
directory has just been issued
by Aerospace Industries Associ-
alton.
This is the national trade
association of the manufac-
turers of aircraft, guided mis-
siles, Spacecraft, propulsion.
navigation and guidance sys-
tens, accessories, parts, mate
rials and components used in
the construction and operation
of complete aircraft, missiles
and spacecraft. The directory
contains a comprehensive list
ing of the offices, including
government. industry, publica-
tions and associations, and the
Evening star., 1961-02-27

points out the parallel between
today's continued good sales
Of American luxury cars-Cad-
lilac, Lincoln. Imperial and
Thunderbird-and the depres-
sion of 1888 when Rolls Royce
of England reported a record
year . President s. A. Girard,
of WilIys Motors, Inc, denies
the company is negotiating
with any firm" and empha-
sizes it is not for sale, but he
confirms that WHY'S and
American Motors are discus
sing possibility Of a joint en-
gine facility in Mexico where
both companies have assembly
plants.
Evening star., 1961-02-27
Earnings

American Electric Power in
IL months ended January 81
earned $53,S59. 900 or $2.46 a
share VS.. $49,928, 900 or $2.37
in 1860.
Norfolk & Western Rwy. in
January earned $4.015.712 VS..
$4.962. .006 in the like month a
year ago.
PhilcO Corp. in So weeks
ended January earned $2.-
287 900 or Al cents a share VS..
$7,176.000 or $l.67 in 1850
period.
Bell & GOssett CO, in year
ended November 80 earned
81 ,6S8,765 or SLOT q share vs..
81, ,040.331 or $1.30 in 1859.
COngOleum-Nairn Inc. in
year ended December 81 had q
loss Of $469, 900 VS.. earnings Of
$3.50, 900 or As cents In 1859.
Chain Belt Co. in 3 months
ended January 81 earned $343.-
470 or % cents a share VS..
$959,862 or 80 cents in 1859
period.
American Enka Corp. in year
ended January l earned
$678.0 900 or 81 cents a share VS..
$5,723,278 or $4.31 in 1860.
J. 1. Case Co. in 3 months
ended January 81 had a loss of
$1.139,480 VS.. a loss Of $2,292,-
542 in the 1860 period.
Other earnings included:
Evening star., 1961-02-27

farmers in this area have a
capital investment topping
5000 million in land, buildings.
cattle herds and equipment, the
report said.
President j. Homer RemS-
berg, dairy farmer from Middle
town, Nd. told the 1,500 dairy
farmers that their daily milk
production had increased an
average of 2,734 gallons during
the past year of IL per cent,
about the national average. He
declared the cooperative has a
reserve of strength that will
permit it ito carry out an
ambitious program of activities
in the months and years
ahead"
Secretary-Manager William
B. Hooper told members 81 mil
lion pounds of surplus milk
were shipped to other markets
last year for use in regular
sales or government contracts
where shortages exist and Grade
A milk was required. He said
this brought in $4,000 in ad-
ditional income.
Mr.. Hooper declared the as
sociation'S Laurel Md plant
last year processed 180,847 .050
pounds of milk for the Wash
ington m arket; 41,643,671
pounds for the Maryland Co.
operative Milk Producers group
in Baltimore and more than II
million pounds were manufac-
tured for other markets. He
said the plant manufactures as
much as 1900 pounds of butter
hourly and more than $780,
O75 pounds of skim milk powder
was sold in II States.
Evening star., 1961-02-27
Mensh Issues
Placed on Sale

Mensh Investment and De-
volopment Associates. Inc, 1925
I street NV. is offering for
public sale $1,100,250 in 8 per
cent Convertible Subordinated
Debentures due September /,
1870, and 36,675 shares of capi-
tai stock of par value of 81
per share. Also offered are
1869, 900 of these debentureS
due September /, 1870 and 32.-
300 capital stock shares par
value 81.
The firm filed a registration
statement with the Securities
and Exchange Commission and
this has now become effective,
President Sidney z. Mensh said.
He has been engaged in various
aspects of the real estate busi-
ness in the District of Colum-
bia since January, 1946.
The maximum amount of
proceeds which could be avail
able as a resultsof the present
offering is $2.793,557, the pros
pectus pointed out. Up to $947,-
600 would be used in connec-
ton with the firms recent ac-
uuiSition of the PookS Hill
Apartments at Bethesda. Md;
about $522.000 would be used
to pay interest on and retire
certain obligations; $l25.000
would be used to improve this
property and about $500, 900 is
being set aside to construct
about As additional apartments
at Pooks Hill. Part of the
funds would be used to con-
struct or acquire other income
producing properties.
Mr.. Mensh said the company
owns in the District of Colum-
bia these income producing
properties: The McAlburt
Apartments at Thirty ninth
street and Tunlaw road NV.
the John Carroll at 528 Twenty
third street NV. and the Of
flee building at 1910 K street
NV, as we'll as the Pooks Hill
Apartments. 1t also owns A. E
Landvoigt, Inc, a company en-.
gagged in mortgage placement
and servicing.
Evening star., 1961-02-27
Schriver Honored

Freedoms Foundation has
awarded its 1861 George Wash
ington Honor Medal to Lester
o. Schriver, executive vice
president Of the National Asso-
citation Of Life Underwriters,
for his editorial Liberty Is
Self-Discipline." This appeared
in last March's issue Of his
organizations Official 2publica-
ton Life Association News.
Evening star., 1961-02-27
Electric Institute
Honored by Look

The Electric Institute Of
Washington has been awarded
a Look Magazine community
service award for outstanding
achievement in residential wir-
ing promotion.
The award was one Of six
in the category Of electrical
leagues and wiring bureaus.
Evening star., 1961-02-27
ADVERTISEMENT
For Men Only

Near 18th and 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
and we will end them.
MILTON H. SCHLOSSER, Fine
jewelers., 1905 X Street NV
Evening star., 1961-02-27
Showroom to Open

Office Furniture, Inc, an
nounces opening Of its new
showroom on Monday, March
6, at 1906 K street NV. Open
house will be held for selected
guests from 4 to $50 pm.
that day.
Evening star., 1961-02-27
BUSINESS
BRIEFS

Commercial Banks over the
Nation will spend $3.50 million
on advertising this year, with
the emphasis on building de-
posits. according to a survey
by the American Bankers AsSo-
citation, 90.
Evening star., 1961-02-27
Investment Analysts
10 Heor Goldman

Aaron Goldman, president of
The G.. B. Macke Corp, will be
the main speaker at the next
meeting of the Washington
Society of Investment Analysts.
This will be held at noon on
Tuesday, March 7, at the
Occidental Restaurant.
George M. Ferrie, jr.. chair
man of the program committee,
said the Macke firm, one Of
the largest in the coin-operated
vending machine industry, ex-
poets 1861 sales to rise to at
least $40 million from $14 mil
lion in 1860, with an accom-
panying Is per cent increase
in earnings per share and "a
per cent increase in cash flow
per share.
Evening star., 1961-02-27
PEOPLE
IN
BUSINESS

DON J. Coker has been
named Washington branch
sales manager for the grocery
products division of the Pills
bury Co. He formerly was
sales administrator at Mime
apolis headquarters.
Robert d. Ladd will become
senior member Of the WASH
ington staff Of Research Man
agement Corp, effective to-
morrow. He has been an Off
cial at the Redstone Arsenal
in Huntsville, Ala.
KaI, EhrIich q Merrick,
Washington advertising agen-
cy. has been named to handle
the account of Pepsi-Cola Bot
tling Co. of Long Island. N. Y.
The firm also serves Pepsi Cola
Bottling Of Washington and
Pepsi-Cola Of Alexandria.
Lloyd Anderson has been
elected president Of Potomac
Chapter. American Society of
Architectural Hardware Con-
sultantS.
James M. Rice Of the Nat
ural Rubber Bureau here, has
been elected president Of the
Association of Asphalt Paving
Technologists.
Evening star., 1961-02-27
Milk Producers Coop
Sets AII-Time Mark Of
$38,667,O13 in 1860
THE EVENING STAR
Washington, D. c.
Mond0y, FebrU0y n, 1861
BY WILLIAM A. MILLEN
Star staff Writer

The total value of all milk produced by the Maryland and
Virginia Milk Producers Association reached the ame high
In 1860 Of 0 members told today at the Sheraton
Park Hotel.
At the 4St annual meeting the organization informed
that its members for 70 cent of all milk shippers
the Washington December 1860 The dairy
Evening star., 1961-02-27
OVER COUNTER

Following prices furnished by the
National Association OF Securities
Dealers, Inc. in washington represent
the range within which locally active
securities could have been bought or
sold at pm. Monday, February ~:
Evening star., 1961-02-27
FOREIGN
EXCHANGE

NEW YORK. Feb. 81 (AP).-ForeiEn
Australia in dollars, others in cents
and decimals Of q cent?:
Canada in N. Y. Today Prev. day
OreeD .437b 1Ol 1857
Evening star., 1961-02-27

people involved in aerospace
activities in the Washington
area.
Evening star., 1961-02-27
TREASURY BONDS

NEW YORK (AP)- Noon over the eoun-
ter U. S. Government Treasury bonds,
bid, asked, net change and yield for
Evening star., 1961-02-27

throughout the greater Washington area This marks the
fifth year in which Mr. Wyand has achieved this out
standing accomplishment and proud to have this
opportunity to pay him well deserved tribute. Mr.
Wyand holds the coveted designation of Chartered Life
Underwater and is exceptionally we'll qualified to
his clients in the creation and maintenance otheir
life insurance estates.
ACACIA Mutual LIFE INSURANCE COMPANY
JOSEPH A. BARBEAU, Manager
District Of Columbia Branch
81 Louisiana Ave. NW, Washington |, DC.
Evening star., 1961-02-27
CONGRATULATIONS TO
George G. WyIand,
C.L.U.
Million
Dollar Producer

During 1860, George Wyland
placed more than 81 900, 600 of
new life insurance protection
Evening star., 1961-02-27

1ds.
T-Partially tax exempt.
Evening star., 1961-12-30
z u. S. Tourists
To Stuy in Russia

MOSCOW, Dec. 80 (AP)-
Two Russian-born American
tourists have decided to remain
in the Soviet Union rather than
return to the United States,
Tass reported today.
The two were identified by
TaSs as Galina VaSko, a
woman, and her male COM
panion, Danilo Danko, in a
dispatch from Uzhgorod, a
Ukrainian town on the Czecho-
slovakian border.
The Soviet rews agency did
not list their places of residence
in the United States but stated
that the woman had lived in
America for % years.
The two went to the Ukraine
as tourists, Tass said, adding
that Mr.. Danko had a son and
daughter residing in the Soviet
Union.