davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-01-03
Higher Flying Costs
Due to Many Factors

airports. And the increases have
to be tucked into the price of
tickets.
Rivals in the Air
Competition: The old-fash-
ioned idea is that competition
reduces prices. But in the mod
ern economy, competition in
creases prices, as can be shown
by countless examples. One
example is in international
airlines. When the airlines of
one country want to serve a
second country, the second
country usually demands that
it have rights to serve the first
country. too.
Coming into American air
ports now are about twice as
many foreign lines as traffic
warrants. Because an Ameri-
can line wants to fly to Fid-
dlestan, Fiddlestan wants to
fly a route to the United
States-and If 1t hasn't got
an airline. it rents planes and
hires pilots. So a double, two
way service results and the
rates have to be raised to keep
the double services solvent.
international passenger rates
are much higher than domestic
rates, partly for that reason
and partly because Of the in
ternational cartel, which fixes
air rates.
Other costs: All other costs
notably wages and salaries, are
, rising and must be passed or
to passengers. These are very
real, very big. and they will
continue to rise in good time.
, and bad.
So If you're thinking of one
) of those cheap airborne vaca.
, tions. don't delay too long!
Mcclure Newspaper syndicate)
Evening star., 1961-01-03
Romney Admits Error !.
In Charge Against GIN

DETROIT, Jan. 8 (AP).-
President George Romney Of
American Motors admits he
was wrong in saying General
Motors Corp. put up foreign
plants to make car parts for
export to the United States.
The AMC president retracted
his New York press conference
statement of December IS in q
public statement Yesterday in
which he conceded making "a
seriously inaccurate assertion. I"
Such facilities were not es-
tablished (by GMO for that
purpose and there is no evi-
dence Of that intention now" "
Mr.. Romney said.
The president of American
Motors made the statement at
the press conference during
which he assailed General Mo-
tors and the Ford Motor Co.
for what he called economic
imperialism in their foreign ex-
panSion.
Evening star., 1961-01-03

Potomac Telephone Co. will
spend more than So million
for plant additions and i'm
provements in the District of
Columbia.
Arthur P. Glow, vice presi-
dent in charge of the Washing
ton company, said the funds
will be spent on a number of
projects to care for growth in
the business and service i'm
provements. He recalled last
year the company spent SIG
million on new constitution in
the District.
The company named the
Union Trust Co. as trustee,
registrar and paying agent here
and the Chemical Bank New
York Trust Co. as paying agent
and registrar in the Borough
of Manhattan. New York. in
conjunction with the $40 mil
lion debenture issue previously
authorized by the board of
directors.
In November, operating ex-
penses. including taxes, totaled
$4,906,268 against $4,596,905 in
the prior November. Operat-
ing revenues were $5,740,960
against $5.297,848 for Novem-
ber 1859. During the year ended
November 80, $11.3 million was
added to the investment in the
company's plant which then
totaled $185,885,6 500. Net in
come totaled $8,685. .407 con-
trasted with $7.542,803.
Evening star., 1961-01-03
YOUR
MONEYS WORTH
Recession's End Near?
BY SYLVIA PORTER

slump in housing, the sag in
industries tied to housing
these have been serious enough
to cause a snowballing. Yet,
the fears have not spread out
from the depressed areas
through the entire Nation;
heaviest unemployment has re-
manned concentrated in indus
trial regions. not drastically af-
fected service and commercial
centers. Overall. retail sales
have held up remarkably well
and so have personal incomes.
The recession has spread. yes,
but it has not snowballed-
and that's a vital distinction.
(2) In some key areas, the
recession has been sharper
to put it in the vernacular, the
rolling adjustment Of 1860 al
ready has done a fair amount
of rolling.
The collapse in steel needs
no elaboration. The housing
decline has been severe by my
yardstick. Inventories have
been slashed across the board.
Prices of many raw materials
and Of finished goods too have
been cut more than is appar-
ent on the surface. The clean
out in inventories should be
over in the first half Of 1861
and even modest increases in
demand will force lots of cor
operations to refill their shelves.
Anti Recession Forces
90 Several anti-recessior
forces have been operating fol
some months now and they
surely must have an impact.
The Federal Reserve System
began retreating from tight
money and moving toward easy
money early in 1960-anc
credit now is abundant anc
cheaper. Government spending
has been on the rise and tht
Federal budget is back in the
red. These are classical anti.
slump weapons.
| az And now comes a con.
certed Government drive to gel
the economy moving ahead ono,
more. There is no doubt that
the Kennedy Administration
will act to stimulate the econ
omy through more spending OF
defense. hig ways, schools
housing. urban redevelopment
etc. There is no doubt that a.
corporations receive new Gov
ernment contracts. they vii
rehire. increase payrolls, hell
spur listleSs communities.
AS 1860 ended on a down
trend, so 1861 should end on al
upturn. And most important /
the likelihood that when tn
superficial business picture ap
pears the darkest this winter
the fundamentals should b
flashing the timing Of the mex
broad recovery.
distributed 1851 by The Bell Syndi
. cate, Inc. All Rights ReservedD
Evening star., 1961-01-03
CHICAGO
LIVESTOCK

CHICAGO. Jan. 3 lAP) CUsDA) -
Hogs $4,000; moderately active, butch
ers 25 to so lower; sows steady; fair
shipping demand: mixed grade 1-s
and mixed 1-3 l9O-220 ID butchers
17.50-1S.O0: mixed grade 1-3 and
mixed 30 2aO-240 lbs l6.75-1755:
mixed grade 2-3 and 3s 24O-27O lbs
16.25-17 90; mixed 2-3 and IS go
800 lbs 15.75-l6.50: mixed grade l-3
and mixed 2-3 100000 ID sows 1850
1925: mixed grade 2-3 and Is 400
$50 lbs 12.25-13.50; complete clear
ance.
Cattle $4,000; calves 100; slaughter
steers steady to so higher: heifers
strong to so higher; cows and bulls
strong: vealers steady: no sales stockers
and feeders: q load Of prime l,lSS ID
steers 2S.75: most choice and prime
9O0-l 300 10 26.O0-2S.50; load lots
mixed good and choice 25.25-26 so;
good "a 50-25.15: load OF standard
ZOO ID Holstein 600; mixed CHOICE
and prime heifers 2T.00-27 so; bulk
choice 25.50-26. rs; a few 600; mixed
good and choice and good heiferi
23.25-25.5O: utility and standard
l5.50-2%55: utility and commercial
cows 14.75-16.75: Gamers and cutters
l1.75-15.25: utility and commercial
bulls 1750-2O. so: GOOD and choice
vealers 21.00-25.00; eulls down tc
1900.
Evening star., 1961-01-03
Harris Agency
Incorporates
NewConlpany

President L. E. Harris an
nounced incorporation by the
principals of L. E. Harris
Agency, Inc, Of the firm of
Harris & Harris, Inc, 1911 K
street NV. He described this
as "the first firm incorporated
in the Washington area to
serve as reinsurance intermedi-
aries"
Mr.. Harris said the new
company can provide treaty
and facultative facilities to re-
insure life, accident and health,
fire and casualty risks in the
District, Maryland, Virginia,
West Virginia, North Carolina,
Delaware, Pennsylvania and
Kentucky. He said eventually
its operations will be expanded
to write excess line, aviation
and group accident and special
risks insurance.
Recalling that he has been
an experienced life and casu-
atty underwater in the Wash
ington area for more than 80
years, Mr.. Harris is also presi-
dent of L. E. Harris Agency,
Inc, a general insurance
agency and brokerage firm,
which also acts as Lloyd's,
London correspondent.
He said Muriel r. Harris,
president of Hospital Insurance
Services, Inc, serving as execu-
tive vice president and Secre-
tary of the new organization,
will assist in developing COM
pany policies and programs.
James v. Finnegan, active in
reinsurance circles in the Vir-
ginia Carolina area for the
past IL years will be vice presi-
dent.
Other officers are: Dom
Lindsey Wise. vice president;
J. ]. Harris, treasurer; B. S.
Rochell, assistant secretary;
Lynn Roberts, assistant treas
urer, and P. L. Cyr will serve
as director.
Evening star., 1961-01-03
PEOPLE
IN
BUSINESS

William B. Wheeler, attorney
of Silver Spring, Md. has been
named general counsel for the
National Alcoholic Beverage
Control Association, which rep
presents control systems Of IT
States.
Leo v. Crane, assistant vice
president of Southern Railway,
retired after many years OF
service.
Charles w. CrOwder, account
executive in the Washington
Office of Ketchum, Macleod g.
Grove, Inc, has been named
advertising and business man
ager of the Commonwealth
Magazine at Richmond, Va.
Ralph C. Hooker has been
promoted to assistant director
of the division of corporation
finance, Securities and Ex-
change Commission.
Jerry Williams has been ap-
pointed head of the production
department of Kal, Ehrlich &
Merrick.
James A. Morrissey has beer
named manager of the Wash.
ington Office of Bozell g. Jacobs
public relations firm.
James p. Duchscherer, former
resident manager of the Stat
Ter Hilton Hotel here, has beer
named general manager of th'
Statler Hilton in Boston.
Pierre A. Portmann has beer
named assistant director to tn
research and development di
rectorate of Page Communi
cations Engineers, Inc, subsid
larry of Northrop Corp.
Evening star., 1961-01-03

The probability continues
that the current business re-
cession will reach bottom in the
second quarter of this new year
roughly a year after it began.
The odds still are that 1t
will shape up as comparatively
mild - meaning within the
range Of the 1953-54 and 1857
So declines.
None of the states you'll be
reading in the next several
weeks will suggest this conclu-
sion is warranted! Quite the
contrary, we're now into the
period when the economic news
is certain to get worse for the
simple reason that we're into
the winter months. The fact
that this is winter and the big
Christmas buying season is
past will push UP unemploy-
ment, flatten retail sales, cut
installment buying, reduce total
industrial production, etc. The
statistics to come out soon are
bound to be dreary, give the
impression that the recession
is deepening. spreading.
Perspective is Vital
Thus, it'll be more imperative
than usual to keep the gloomy
figures in perspective. The en-
couraging fact is that ever
though the figures will be de-
pressing in January, February
and March, students Of the
business cycle stick to the view
that we'll be experiencing the
worst in these months and thai
by mid-1961, we'll be shifting
back to a cycle Of growth. Here
are some reasons why:
Cd AS significant as an!
factor is that this recession hal
not snowballed, not fed on it.
self. We've been in a down
turn since the spring Of 1860
The down-spiral in steel, tn,
Evening star., 1961-01-03
BY ELMER ROESSNER

The long, downward course
of air passenger rates may be
near an end. From now on fares
will rise.
The airlines have done a re-
markable job reducing fares
over the last three decades.
Planes and accommodations
have constantly been improved
while rates have constantly
been lowered. This has not been
because airlineS loved the public
or wanted to encourage thrift;
| it has been because Of their
Ilife-and-death struggle with
trains and buses.
Nor is it because the airlines
have taken the cream of the
travel dollar away from COM
petitors that they are now
about to nudge fares higher
The basic reason is that they
are up against rising costs ot
doing business.
Higher Charges
Here is a rundown of reasons
why plane-riding must cost
more soon:
Capital costs: 1t is true thai
Jet planes largely offset higher
costs with large capacity, quick
er turn-arounds and more eco
nomical maintenance. But the!
also require higher capital in
vestment, and capital cost
money. Witness the difficult.
Howard Hughes has been hav
ling raising money for TWA'
jet feet.
Airport fees: The costs o
, maintaining airports are risin
with higher wage scales an
, thicker icing on the cake. Lon
don Airport landing fees ar
scheduled to rise a third Of
, April / to meet higher cost
). there. Higher fees will b
charged at many other worl
Evening star., 1961-01-03
Metropolis Building
Reports New Growth

Rudolph w. Santelmann, vice
president and secretary of the
Metropolis Building Association
announced a substantial growth
in assets, savings, loans and re-
serves in 1860 over the prior
year.
Comparative figures for De-
cember 81, 1860, contrasted with
the year previous follow, respec-
lively: Assets, $44,159. .349
against $38,077,444 savings
$39,047,821 against $32,170,l7l:
loans, $40, 1928 and $34,685.-
319, and reserves, So, 3,628,585 and
$3,434,474:
Evening star., 1961-01-03
MoIinoro Opens Office

c. Joseph Molinaro an
nounced establishment Of his
own real estate Office speciallz-
ing in the sale of motels and
hotels at Suite sos, 917 Fiji
teenth street NV. He has been
active in the travel business for
the past five years and in addi-
tion has owned his own motel.
He formerly was with Sidney z.
Mensh & Co.
Evening star., 1961-01-03
Prentice-HoN Chief
To Address Analysts

John G. Powers. president
Of Prentice-Hall, will address
Washington Society Of Invest
ment Analysts, at an Occi-
dental Restaurant luncheon on
Tuesday, January 10.
Mr.. Powers will discuss the
rapid growth of his company
in recent years.
Evening star., 1961-01-03

fiscal year, President Thomas
c. Butler announced. 1t covers
through November 26 last.
He said earnings for this
period equaled, after preferred
requirements, SLIP a share on
the 4,356.18l shares outstand-
ing. This contrasted with earn
ings of $5,524.731, equal to $1.24
a share in the prior year, after
adjusting for a 5 per cent stock
dividend distributed in 1860.
Sales Turn Higher
Mr.. Butler said Grand Union
sales for the nine months
through November 26 were
$445, 5,550,130 against $454. $780,
644 in the corresponding period
a year ago "a decline Of 81
per cent. But sales for the third
quarter of 1860, ended Novem-
ber 26, totaled $152,538.046. a
4 per cent increase over $l46,-
715,125 in the third quarter of
1859. Net earnings for these
three months aggregated ST.
549,535 or "a cents a share.
President Louis Stein of Food
Fair Stores, Inc. said his chain
anticipates continued growth,
with sales at the close of its
fiscal year next April between
$3.50 and $500 million, up from
last years sales of $771 million.
He said I'VE anticipate STEP
ping up our programs to achieve
even greater effectiveness of
organization and personnel.
Through these and other
efforts, Food Fair will seek to
safeguard consumer food
prices.
Cooperation Urged
For 1861, he declared, two
trends may emerge in the food
industry = a greater spirit Of
cooperation and participation
by all segmentS of the industry
in efforts to solve problems
common to all and an effort by
the industry to bring to the
consuming public IAN aware
ness Of what an efficient food
distribution system means in
terms of convenience, savings
and other benefits to the con-
sumner and to the national
economy.
Mr.. Stein said that accord
ing to preliminary estimates,
retail food store sales in the
entire industry in 1860 should
total more than $54 billion, a
gain of 50 billion over 1859
sales. He declared the average
American consumer received a
one-third greater food value for
his dollar than he did Is years
ago,
Evening star., 1961-01-03
METALS

NEW YORK. Jan. 3 tAP).-spot
nonferrous metal prices today: Copper
ley. Lead IL cents q pound. New
York. Zinc 12 cents q pound, East
st. Louis. Tin 1.003I a pound. New
York Foreign silver al3s cents pei
troy ounce, New York Pittsbursf
scrap steel No. heavy was quoted
by Iron Age at 27.O0-2S. 90.
Evening star., 1961-01-03

There comes q time when itI
might be more humane not to
remind the traffic c-harassed
driver that the automobile pop
ulation is increasing.
As is most frequently the
case. the driver is well aware
of it and would prefer to skip
statistical reminders.
Closing out its second-best
year in history, the Automobile
Manufacturers Association has
totaled up a 81 million passen-
ger car year and figures that:
Three out of four families
now own automobiles; over Z
million own two or more. ~
The number Of drivers in
creased to 85 million-a rise OF
% million in 10 years.
The auto population In
wv a shington, Virginia and
Maryland (1960 registrations)
increased over 80, 900 in the last
IL months.
And If traffic bothers you
now. heed this:
Prospects for continuing au-
tomotive growth extend well in
to the next decade"
Will that Continuing auto
motive growth" Offset the pros
pect Of revenue losses through
broadening sale of the smaller
and compact cars?
The Federal governments IL
per cent excise tax on new autos
already has shown a loss be-
cause Of the lower initial price
of the cars. Some States are
fearful the gasoline tax revenue
will fall because of the lower
fuel consumption rate of the
smaller cars.
A major oil company pre-.
dicted last week that by 1865
passenger cars will burn ovel
three million gallons less a veal
than would be consumed If all
cars were Of standard size. This
woud mean a $3.50 million dror
in fuel taxes.
/ Despite a drop Of 26.6 pei
cent in imported car sales dur.
ing the first 10 months Of 1860
the major car builders abroaC
are predicting better things fol
'61.
Volkswagen and Renault, tn,
two leaders among the imports
have already expressed opti,
mism. Volkswagen has ever
developed a special fleet o
motor ships to handle tn,
transatlantic traffic.
Renault, which had sales o
: around $4,000 during the frs
10 months, is shooting for IS,
900 in 1861.
By comparison. this country
exports of automobiles ros
: slightly from 311.656 (passen
J ger cars, trucks and buses) II
Evening star., 1961-01-03
Interest Rute Rises
On U. S. o1-Duy Bills
By the Associated Press

The Governments short
term borrowing costs rose with
Fridays auction of Treasury
bills.
Bids for the 81 billion issue
of 9l-day bills gave an average
yield of 1924 per cent. COM
pared with the previous weeks
rate of 2.l48 per cent.
On $500 million of 182-day
bills. the average yield was
2.429 per cent. The rate a week
ago was 1883 per cent.
Evening star., 1961-01-03
Hilton Is Elected

BEVERLY HILLS, Calf, Jan.
8 (AP)-Conrad Hilton, presi-
dent Of Hilton Eotels Corp. has
been elected chairman of the
board Of directors.
Evening star., 1961-01-03
Two Area Food Chains
Report Higher Sales
And Expanded Growth
By WILLIAM A. MILLEN
Star Stad Writer

Two big food chains that do business the Washington
areathe Grand Union Co. and Food Fair Stores c-today
recorded continued growth and expanded sales
Grand Union had net income Of $50502 267 after all taxes
and depreciation during the first months of its
Evening star., 1961-01-03
TREASURY BONDS

NEW YORK (AP). Noon over.the-coun-
ter U. S. Government Treasury bonds,
bid. asked, net change and yield for
Evening star., 1961-01-03
DIVIDENDS

By the Associated Press
Pc Stk. Of Pay
Rate riod Record able
REGULAR
stTac Corp ... is liz LA
Evening star., 1961-01-03
Mount Vernon Banks
Announce Dividend

The Board of Directors Of the
Mount Vernon Bank & Trust
Co. has declared a dividend of
81 a share to all stockholders
of record as Of December 81.
This will be payable January
IS and is the first stock divi-
dend the bank has paid. Stock
holders eligible for fractional
shares will be paid in cash,
President Andrew w. Clarke
announced.
The president said the bank
enjoyed a successful year and
indicated that resources had
attained an all-time high OF
800 044 BOT.
Evening star., 1961-01-03

C&P Plans to Spend
So Million in D. c.
During the first quarter Of
this year, the Chesapeake &
Evening star., 1961-01-03

ENWU TV@0 m -
IDS.
T-Partially tax exempt.
Evening star., 1961-01-03

airports. And the increases have
to be tucked into the price Of
| tickets.
Evening star., 1961-08-02
PROPOSALS
fCONTlNUEDl
r9r TTNnFpSTcNFn v,II

THE UNDERSIGNED will sell at
public sale for cash, one 1855
Pontiac, serial number WS5SH-
4076, at IL: 100 am, August 10,
1861, at 1900 Nichols Avenue SEu
Washington, D. c. The motor We
hicle is stored at and may be in
Spected at the above address be-
tween the hours Of 900 AM. and
400 P M. on any day except Sat-
urday. Sunday or Holidays. Any
bids thereon must be received at
or before the sale. The under
signed reserves the right to bid.
ASSOCIATES DISCOUNT COR
DISTRICT OF COLUMBIA.-HIGH-
WAY CONSTRUCTION.-Dept. OF
HiShvays and Traffic, D. G. Aug
ust ., 196l.-IMPROVEMENT OF
SECTIONS: e" STREET Sc, 4th
TO 9Th SIS; SEWARD SQUARE,
PENNSYLVANIA AND SOUTH
CAROLINA AYES. 7th TO 9th
SITS, consisting Of approx. 6,IOO
sq.yds. reinforced portland cement
concrete base, eight inches in depth
and 5000 lin It. combination port
land cement concrete curb and
gutter. Type A, fifteen inches in
oeptn (Invitation No. C-62292 HI
Wage rates have been predeter-
mined by the Labor Dept. Bid
forms, plans and specifications are
now available from Supervisor,
Bid and Contract Division, Pro-
curement Office. D. c.. Room 404,
4q9 Penna. ave. NV. NO DE-
FOSIT REQUIRED. Phone MA.
$4,000. Ext. ASl. SEALED BIDS
to be opened 300 PM, EDIT,
August 10, 1861, in Room 424,
499 Penns. Ave. NV. au2,3
Evening star., 1961-08-02
NOTICE OF
PAWNBROKER'S
AUCTION SALE

As provided by Public Law No. pS2,
the undersigned will sell, at public
auction in detail, at WESCHLER'S,
a05 E STREET NV, STARTING
AT 1000 AM, THURSDAY. AU-
GUST 3, 1861, all unredeemed
pledges up to No, A32392.
Diamonds, watches, iewelry, record
players. stereos, Hi-Fis, musical in
strumentS, tape recorders, televi-
sionS, radios, typewriters, cameras,
projectors, rifles, shotguns. pistols,
luggage, .elec. tools, golf clubs, sew
ing machines, shaverS. etc,
By order: SPARKS PAWNBRCKERs
1914 Tth st. NV.
iy2T2s,29,31-au1,2
Evening star., 1961-08-02

AUT0-TRUCK PARTS MAN -
Must be experienced day and
night shift. Top salary. Various
company benefits, paid vacations
and holidays. See Mr.. Bingaman,
OV. 3-1500, CENTRAL MOTOR
COMPANY, $40 N. Henry st.,
Alexandria. Va.
Evening star., 1961-08-02
DAVIS q CERVERA, Attorneys
1928 X Street NV.

UNITED STATES DISTRICT COURT
for the District of Columbia, Hold
ing Probate Court.-No. 103,7O7,
Administration.-This is to Give
Notice: That the subscriber, Of the
State Of Pennsylvania. has OBJ
tained from the Probate Court Of
the District of Columbia. Letters
Testamentary on the estate Of Ed
WIN JOSEPH MCINTYRE, also
known as EDWARD j. McIN-
TYRE. late OF the District Of Co.
lumbia. deceased. All persons haV-
ing claims against the deceased
are hereby warned to exhibit the
same, with the vouchers thereof,
legally authenticated, to the sub
scriber, on or before the Goth day
Of January. A. D. 1862; otherwise
they may by law be excluded from
all benefit Of said estate. Given
under my hand this 9th day Of
July, 1861. JOHN F. REED, Jr,,
740 E. Thayer Street, Philadel-
phia. "a, Pennsylvania. Seal
Attest: THEODORE COGSWEIL,
REGISTER of Wills for the District
Of Columbia, Clerk Of the Probate
Court. au0,Q.lR