davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-08
u. ). PLANNING
Financing Of
S7.6Bi||ion
BY the Associa ted Press

The Treasury yesterday an
nounced plans to borrow So
billion in new cash between
now and mid-October and to
allow owners of SIS billion of
World War II bonds to extend
their investments until 1898.
This will be the first financ-
ing operation in which the de-
lpartment offers bonds carrying
an effective yield above the le-
gal ceiling of 4.25 per cent.
Attorney General Robert F.
Kennedy ruled earlier this year
that the Treasury could ex-
coed the ceiling if the bonds
carried a coupon rate of no
more than 4.25 per cent but
were offered at less than par
value, which would have the
effect of increasing the actual
yield. That will be the effect
Ill GIllS case.
The department said it will
auction $2.5 billion of tax an
ticipation bills on September
20. Early next month, it said,
it will offer about So billion of
notes maturing in the spring
Of 1868.
The borrowing operation will
be completed October 10 when
the department will auction
81 billion of one-year bills to
replace SIS billion of bills ma
turing October 16.
In addition, owners of SIG
billion of 2.5 per cent bonds is
sued in 1914 will be given a
chance to exchange them for
other outstanding bonds ma
turing in 1880, 1890 and 1898
The World War II bonds
normally would mature between
1865 and 1871.
Those who chose to exchange
these old bonds will collect al
the rate Of 3.5 per cent a yeal
between now and the date or
which their old bonds woulc
have matured. From that
point on, they will collect
yields amounting to between
4.28 per cent and 4.36 per cent
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-08
Transport Agency
Names ConsuItonts

The National Capital Trans
portation Agency has appointed
two transportation consultants
with w. B. Saunders & Co. to
assist in its economic research
The two are William B.
Saunders, president, and Don
aid G. Wooden, director of re-
search.
The agency has been asked
by Congress to find a solution
to traffic and transit problems
in Metropolitan Washington
Mr.. Saunders last year pre-
pared a report on urban trans
portation for the Commerce
Department. Mr.. Wooden has
participated in several studies
including use Of computers in
TRANSPORTATION cost problems.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-08
Hidden Assets Lurkino
In Nearly All Concerns

can be leased to vendors of
merchandise. Gook at how
Supermarkets have converted
space to profitable selling of
magazines, encyclopedias, vari-
ETY. items, toys, etc. In larger
stores, whole departments can
be leased. Few department
stores operate their own fur,
jewelry and millinery depart
mentS.
Even in small stores, space
for vending machines can be
rented; in plants, space for
other kinds of vending ma
chimes yield profits on other
wise wasted space.
Realty: Many companies
own real estate not thoroughly
used. A plot held for future
expansion can often bring in
revenue. In some cities, store
and parking lots after hours
can rent driveways, doorways
to small enterpriSers.
Credit operators: Many
stores are finding that it is
more profitable to lease or sell
their credit operations to fac
tors and others. A financing
company will often take over
the credit end of a business,
returning greater profits to the
company while it allows it to
devote major energies to SELL
ing instead of banking.
There are many other con-
vertible assets. A store may
profit by selling its delivery
system, or undertaking delivery
for other stores. 1t may gain
by taking fuller advantage of
advertising materials offered
by Suppliers, or taking greater
advantage of cooperative adj
vertising deals. 1t may make
space in it's own advertising
available to Suppliers and
others at a profitable rate.
A Christmas catalog, for ex-
ample, can often be made more
profitable by payments by
other businesses who want to
share the results.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-08

80, and $424,125 in the third
quarter.
International is closing Of
fees here, in New York, Upper
Darby, Pa, and Chicago, but
will stay in operation on the
West Coast, in Canada and
Hawaii.
Shuts Down Soon
International Charge had
been breaking even in New
York, according to A. E. Weld
man, Seaboard president, but
was operating in the red in
Washington and other Eastern
cities. Its offices here are at
1929 Fourth street NV.
Locally, the company is ex-
pected to shut down within 80
days. 1t had been up against
an Older, well-eStablished
competitor, Central Charge
Service, Inc, whose sales last
April were running 81 per cent
above a year earlier.
Central Charge, which repre-
sents $500 area merchants and
more than $4,000 charge &C
count customers at last report,
last Tuesday moved to new
headquarters at 1915 E street
NV, TRIPPING its office space.
Josh P. Stakeholder, executive
vice president, earlier this year
forecast Central would reach
about $25 million in charge
business, compared with $19.8
million last year.
Seaboard created its credit
card division two years ago
after a pilot experiment in
Hawaii for six months. 1t has
picked up a total of 100000
customers nationally. Accord
ing to Mr.. Weidman, about
$4,000 will be left after Inter-
national closes up shop in
Eastern cities.
Seaboard Finances net in
come dropped in the nine
month period ended June 80 to
$5,200,0O0 or 80 cents a share
from $6,1OO,OOO or Sill a share.
There were fewer common
shares outstanding in 1860,
4,856,12O compared with $780,
400 in 1861.
A spokesman for Interna-
tional Charge said the Wash
ington office represents about
600 stores locally.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-08
Firm Sees
Upsurge in
Business
By JACK LEFLER
AP Business News Writer

NEW YORK, Sept. Eco
nomic trends, plus initiation
threats, provide a favorable
situation for investment in
stocks, says Standard g. Poor's
Corp.
The investment advisory
service is of the opinion that
STABLE invested positions in
carefully selected issues should
pay off handsomely in time,
although foreign crises may
cause some uneasy moments.
1t cites as evidence pointing
to a strong business upsurge:
Steel production and ship
mentS in September seem
headed for 1861 highs; the
stage is set for an excellent
season in automobiles, and
manufacturers orders are at
the highest level in more than
two years.
Recent trends, if anything,
are causing even the more OPP
timistic observers to raise their
sights on business over the
next year or So" Standard g.
Poor says.
Thus, the fact that COM
mon stocks, on average, are
selling for more than % times
the recent annual rate of earn
ings is not viewed as a sign of
generalization. A more real
istic yardstick is to relate stock
prices to the probable level Of
profits that lies ahead"
The services studies suggest
that earnings by the end of
1862 may be running more
than 80 per cent above the
annual rate for the second
quarter of this year. On this
basis, it points out, the price
earnings ratio would be more
on the order of II times which
it considers not an unduly high
appraisal when allowance is
made for initiation possibilities.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-08

Britain announced plans to
enter the Common Market.
Manufacturing firms expect
to spend one-third of their
total 1862 outlay-$539 million
in the Common Market coun-
tries and more than half-$860
million-in Europe as a whole
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-08
American National
Stock Is Approved

The controller of the cur
rency has certified the recap
italization of American Ma
tional Bank in Silver Spring,
giving final approval to $1,000
new shares.
President Warren H. LaSher
said the new stock certificates
are being mailed to owners
today. The action provided the
bank with an increase of $612,-
900 in capital funds. The
total is now S2,612,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-08
Hahn Plans to Open
Its 18th Store

William Hahn & Co. will
open its 14th shoe store to-
morrow at the NARROW Heights
Shopping Center, Md. Gilbert
Hahn, president, said the new
outlet has a stock capacity of
10000 shoes and seating ca
pacity of IS.
The company also will re-
open a redecorated store at
ABB Connecticut avenue Sep
TENDER IL which had been
damaged by fire last spring.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-08
Two District Brokers
Expelled by NASD

The National Association of
Securities Dealers today an
nounced it has expelled two
Washington brokerage houses,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-08
international Chorqe
Office to Close Here;
Big Losses Reported
THE EVENING STAR
Washington, D. {.
Friday, September 8, 1861
BY TRUMAN r. TEMPLE
Star staff Writer

Seaboard Finance Co. last night announced is throwing
the towel for its credit card division International Charge
Inc. for Washington and several other cities.
The company reported the credit card operation had
of 1929 the ending
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-08
OVER COUNTER

Following prices furnished by the
National Association of Securities Deal
within which locally active securities
could have been bought or sold at
1 u m Friday Sentemher g
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-08
TREASURY BONDS

NEW YORK (AP) Noon over the coun-
ter U. S. Government Treasury bonds,
bid, asked, net change and yield for Fri
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-08

The National Association
of Broadc sterS an
nounced appointment of
Robert d. Swezey as di-
rector of a new code au-
thOrity and Vincent T.
WaSilewski as NAB ex-
ecutive vice president
here.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-08
NIp1zp2M M2uDIm0mI

markets for years. Its reputation for craftsmanship
promises you an absolute minimum Of maintenance
expense. Your authorized dealer prepared to make
Cadillac ownership much easier than you may think
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-08
MUTUAL FUNDS

NEW YORK (AP) Bid ASK
- National Associa Var Pay I.56 gig
ton Securities Deal CON Fd oS 6'aS
ers, Inc. Inv KeXcn IzVo - Sc Sc
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-08
CHAIN STORE
SALES
FOREIGN
EXCHANGE

NEW YORK, Sept. 8 (AP).-Foreign |
exchange rates Great Britain and Aus |
tralia in dollars, others in cents and
decimals of cent?;
Today Prev Nav
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-06

has been stepped up materially
since the resumption of Russian
nuclear tests and President
Kennedy's authorization to re-
new testing in laboratories and
underground in the United
States.
1t also has been known for
some time that the Acc was
preparing to resume, upon short
notice, its experimental program
at this 48-by-28-mile site 65
miles north of Las Vegas.
Official comment was con-
fined to an Acc statement from
Albuquerque, N. Mex, that it
is doing those things neces-
sary to implement the Presi-
dents announcement"
Just what the Acc was do
ing was unknown-but news
men quickly learned what the
Acc was not doing.
Press Tour Called Off
1t wasn't answering questions
concerning preparation; it
wasn't estimating when the
site would be ready to go, and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-06
BY the Associated Press

The White House plans a
courteous but cautious welcome
Tuesday for two Belgrade Con-
ference ENJOYS flying here to
press for a new Kennedy
Khrushchev meeting.
President Kennedy is ar
ranging to go to the airport
himself to greet the emissarieS,
IndoneSia's President Sukarno
and President Modibo Keita of
Mali. They will deliver to Mr..
Kennedy an appeal from the
leaders of Is non-aligned ma
lions that he meet the Soviet
Premier to thrash out the
ominous East West disputes.
But there was no official
hint as to whether the Su-
karno-Keita visit is expected
to produce any immediate re-
suits.
The Belgrade Conference
nations also sent midas
Prime Minister Nehru and
President Kwame Nkrumah of
Ghana to Moscow tbs week
with an appeal to Mr.. Khrush-
chev. The outcome of this
Moscow conference will be
carefully studied by the White
House.
Mr.. Kennedy already is on
record as opposing any new
talks with Mr.. Khrushchev I'M
less there is sufficient prepara-
ton to give the meeting a fair
chance of success.
mo summit between East
and West is useful unless the
groundwork has been laid be-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-06
Belgrade ENJOYS Due
Welcome by Kennedy

fore hand which will insure its
success" the President said
August 10.
Mr.. Sukarno and Mr.. Keita
apparently will not present any
specific plan for the summit
meeting they are proposing.
The Belgrade declaration
which closed out the five-day
meeting said in part:
I'VE are not making concrete
proposals for the solution Of
all international disputes, par
ticularly between the big-power
blocs. But we must draw atten-
ton to problems which must be
solved rapidly to avoid drastic
consequences"
In announcing last night the
invitation to-Mr. Sukarno and
Mr.. Keita the White House
called attention to Mr.. Ken
nedy's special message to the
Belgrade Conference.
It said the United States be-
lieves the people represented
at the Belgrade Conference are
committed to a world society
in which men have the right
and freedom to determine
their own destiny and a world
of peace in which they can
choose their own way of life"
The message reiterated the
desire of the United States to
advance these detectives.
1t was no secret that the
Belgrade Conference diSap-
pointed United States officials
and Allied diplomats.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-06

it wasn't even letting newsmen
take a previously scheduled tour
of the site.
OF the tour, a spokesman
said:
I'VE are now doing those
things necessary to implement
the Presidents decisions. as is
customary during such periods,
the Nevada test site is closed to
access by unofficial individ-
uals."
Site for Device Marked
Newsmen who visited the site
in recent weeks reported cham
bers have been carved out deep
beneath Rainier Mesa at the
north end of the site. They
are fully equipped with utili-
ties and await installation of a
nuclear device and its instru-
mentation.
A maze of tunnels, running
u miles into mountains, ends
at the chambers. A red
painted marker deSignates the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-06

site for positioning for a nu-
clear device.
Other construction in recent
months here has run well into
the millions of dollars, accord
ing Acc publicity releases. But
descriptions of the numerous
projects were not given.
One facility at JackaSs Flat
was begun several years ago.
1t would test Project Rover
designed to explore feasibility
of nuclear propulsion for space
and perhaps moon flights.
Members of the congressional
Committee on Atomic Energy
recently were quoted as singing
out Rover for testing priority
The last nuclear device
tested here was the Titania-a
baby blast equal to only 300
pounds of TINT. 1t was fired
Octobear 30, 1858, the 1896
shot set off here since 1851.
NOn-AtOmic Tests Made
A nuclear testing moratorium
went into effect the next day
Tests of non-aomic explosives
have been made here since
then.
About 1900 persons are en-
ployed at the site. But one
sign of a buildup of engineers
scientists and technicians came
when an official suggested
newsmen check airline offices
and hotel desks for incoming
Acc personnel.
Significance of this sites
underground facilities was
borne out by DR.. Ralph Lapp
an atomic scientist not con-
nected with he Government,
but in close touch with nuclear
developments.
He predicted yesterday in
Washington initial tests would
be of limited intensity. probably
in moderate-depth tunnels.
DR.. Lapp said tests might
eventually involve burrowing
tunnels very deep beneath the
surface to test new and i'm
proved concepts of more COM
pact warheads for the Minute
man intercontinental ballistic
missile.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-06
Fuchs Linked
To Work on
Super Bomb

BERLIN, Sept. 6 CNANA).-
DR.. Klaus Fuchs, the atom spy,
is reported in the Soviet Union
working on Russia's nuclear
'super bomb" project.
Fuchs flew to the Soviet
Union six weeks ago, accord
ing to Communist informants.
He is one of a number of lead
ing Soviet bloc scientists sum-
moned to Moscow for work on
the bomb project.
1t is understood that Fuchs,
so, has been appointed to a
liaison position between scien-
fists working on the bomb
project and nuclear scientists
in East Germany.
He has been serving as dep
uty chief of East Germany's
Central Institute for Nuclear
Physics at Dresden since set
ting in East Germany follow
ing his release from Wakefield
prison in Britain.
Served 9-Year Term
He was released on June %,
1859, after serving a nine-year
sentence for atom espionage for
the Soviets. Born in Bremen,
he became a British subject,
but later was stripped Of his
British citizenship. After his re-
lease he flew in a Polish air.
liner from London to East
Germany.
When he was released from
prison, few Western scientists
believed he ever would regain
any great value as a nucleaI
physicist because of his long
Imprisonment.
Information from East Ger
many indicates, however, that
he was able to accomplish far
more in prison toward keeping
abreast with nuclear physics
advances than was ever sus-
pected. He is rated by the Com
munists as one of their top nu-
clear scientists.
Married to Leading Red
Since settling in East Ger
many, Fuchs has married Crete
KeilSon, one of East Germany'S
leading women Communists
The Fuchs couple rarely goes
out.
They live in a luxury villa in
Dresden and have an automo-
bile and television set. Fuchs,
however, has been quoted as
saying, MY hobby is physics.
I do not have time for anything
else" He said on a number of
occasions that Il am supremely
happy here east Germany
building a new society"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-09-06
Attest Within Month
Held Likely in Nevada

NEVADA TEST SITE, Sept. (AP).-An underground nu-
clear test blast probably could be set off here within month
This the estimate of observers close to test site head
quarters Atomic Energy Commission spokesman
than ordinarily osemouthed but busting activity bellies
their silence.
It is evident to those the area that activity
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1961-05-02
Civil Defense
Course Offered

A home preparedness course
will be started Wednesday, May
3, by the Montgomery County
Civil Defense Office in cooper
alton with the Broome Civil De-
tense Forward Treatment Cen
ter in Rockville.
Glasses will be held at
Broome Junior High School.
There will be five two-hour ses-
sions weekly from 7::30 to $50
pm.
Discussions will center on nu-
triton, fire fighting, emergency
police action, shelter construc-
ton and other related fields of
emergency preparedness infor-
nation.
More than 1000 county resi-
dents have taken similar courses
in civil defense instruction.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1961-05-02
Judge Noyes
Is HOnOred

Judge Alfred d. Noyes of the
Montgomery County Peoples
Court for Juvenile Cases has
been awarded the August All
chorn Award for 1861 by the
American Association for Social
Psychiatry.
The award, granted for out
standing contributions in the
field of Juvenile delinquency,
was presented at the associa-
tons annual meeting at the
Sheraton Park Hotel this past
weekend.
A special citation also was
granted to announcer Steve
Allison of radio station WWDC.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1961-05-02
Ladybird to Open
Azalea Garden Tour

tiers, who will be squirrel
through the Landon Gardens by
members of The Bears, Lam
don student club.
The Landon AZalea Gardens
Tour is for the benefit of the
Landon School Scholarship and
Endowment Fund. The grounds
will be open from noon until
10 pm. on both Saturday and
Sunday. There will be special
garden lighting during the eve
ming hours. Landon School
choral groups will present a
brief musical program in the
gardens at $3.50 pm. each eve
ming.
Admission tickets for the Ian
don Tour are on sale in advance
at the Woodward and Lothrop
Chevy Chase Store through Fri
day and at the Landon School
Gardens entrance this weekend.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1961-05-02
Mental Health
Group Elects
w. ID. Morris

William d. Morris of Garrett
Park, president of the Mont
gomery County Mental Health
Association from 1949 to 1851,
has been elected to the office
for a second time.
Morris, chief of the Cultural
Presentations Branch of the u.
S. State Department, succeeds
Mrs. d. Wells Goodrich.
Other officers, elected for two
year terms, are w. B. Butts,
vice president; Mrs. Kenneth
More, treasurer; and Mrs. Sam
uel Ashelman, secretary. DR.. H.
Joseph Lauer was reelected to
a second term as vice president.
New board members are Mrs.
Harold Raush, Mrs. Charles B.
Myers, Mrs. Ward Mason, Mrs.
Richard Walk and Mrs. Sey-
mour MintZ. All will serve
tfree-year terms.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1961-05-02
Suburban Hospital Officials Schedule
Open House and Building Tours

During the afternoon Sunday,
tea will be served in the lobby
by Auxiliary volunteers and
Red Cross Gray Ladies.
Guided tours of the building
will be conducted during the
day and technical equipment
will be on display.
OF especial interest, Mrs. Car
ter said, is the Morgan Wing.
opened during the past winter.
The wing increased the hos
pital bed capacity to 300, and
offers an expanded obstetrical
suite and other facilities. The
building design has a double
corridor and center core, in
creasing efficiency and effects
economy Of operation, Mrs. Car
ter said.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1961-05-02
Board Buys
Old Farm
School Site

An elementary school site
near the center of the new Old
Farm community has been sold
to the Montgomery County
School Board by Old Farm Real
Estate Corporation.
Completion of sale negotia-
tons was announced by Old
Farm President Clarence E.
Kettler, who said the school site
consists of 12.5 acres.
That is expected to provide
ample space for a school and
possibly for a Montgomery
County recreation center.
Mr.. Kettler said no date has
been announced for the begin
ming of construction, nor has a
name for the school been off,
cially decided upon by county
authorities.
Old Farm is a new 230-acra
community in North Bethesda
south Of Montrose I'd. between
Rockville Pike and new u. S.
Route 240.
Kettler Brothers, Inc, has an.
nounced the proposed constrdc,
ton of approximately 500
homes in the $4,000 to $4,000
price range in the area. First
models are nearly complete and
are expected to be open for M
spection in late May or early
June.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1961-05-02

at George Peabody College for
Teachers, Memphis, Tenn, criti-
cized temporary teachers, those
who teach until they find some
thing better to do"
The conference, attended by
more than 800 parents and
teachers, was held during the
weekend at Peary High School
and featured discussions of
teachers problems.
Alexander said that one of
every four teachers now leaves
the profession for anywhere
from five to 25 years. Many
are women who drop out to
rear families, he said, but zone
third are men who are trying
to make more money in some
other occupation"
He said salary and security
are the "damning factors" OF
teacher recruitment. On the
average, he pointed out, teach
ing now pays less than half the
salary of IL other professions
requiring the same amount of
training.
Alexander praised Montgom-
cry County as zone of entirely
too few school systems" to
give merit pay raises to out
standing teachers.
The system, however, was put
under heavy fire in later confer
ences by those attending.
Teachers and parents both
said they wanted to decide fin
ally the systems value In terms
of teacher output and morale.