davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-09-01

reach its Tooth anniversary
next year, said seasonal statis-
tics showed a lower-than-usual
decline in sales in cold months
throughout 1859 and 1860, sug-
gesting beer has reached sta
bility as a year-round drink.
Its members produced nearly
85 per cent of United States
beer and ale.
The steady uptrend since
1884 in packaged beers share
of the market continued, with
80.7 per cent of all beer and
ale marketed in cans and
bottles.
Within the packing field,
however, bottles reversed a five
year decline Of their share Of
the market, rising to 62.1 per
cent from COL per cent in 1859.
Cans dropped to 37.9 per cent
from 39.9 a year earlier.
Although the volume Of
United States consumption was
well ahead Of second place
West Germany's 46 million bar
res, per capita consumption in
this country was less than half
that Of Belgium (34.3 gallons)
and Luxembourg 1888 gallons) .
Evening star., 1961-09-01
BY TRUMAN r. TEMPLE
Star staff Writer

President Kennedy's new law
limiting globe-trotters to 800
worth Of foreign goods duty
free promises to bring a log
jam Of tourists at border points
September 8 when the old $500
limit expires.
"In New York it looks as If
therell be a falling -off-for air
travel at least-right after the
deadline, and many travellers
viii foreStall the exemption, ="
says Philip Nichols. commits
sioner of the U. S. Bureau Of
Customs here.
Mr.. Nichols got curious a
few days ago about whether
the new law signed by Presi-
dent Kennedy August 10 would
cause a flood Of Americans in
Europe to make it back Just
under the wire. permitting
them to bring in five times as
much.
An advance estimate, based
on polls by the custom officials
In New York Of airlines there,
bore out his suspicious. But
the shipping lines will be land
ing an even bigger flock of
voyagers right after the dead
line. perhaps partly due to the
long advance reservations
needed for tourist class sail
ings.
According to Customs Bu-
Evening star., 1961-09-01

reau estimates, $500 returning
Americans will pour into New
York by air today, 1900 to-
morrow, and an equal number
Sunday. The total will be g.
500 September 5 and 5000 on
the last day, September 8.
After that the estimates
range from 4,500 to 4,8O0 per
day for the following four days
However. estimates of pas.
sengers a board ocean coins
ships docking in New York the
next few days shows a huge
bulge on September IL, wher
the SIS. Constitution, United
States, Stavangerfjord anc
Waterman all arrive at Man
haitian, carrying a total Of T..
TIC. By contrast, four other
ships arriving on the last $500
day" September 8 will unload
only 3,81S.
An American Express official
here offered a possible expla.
nation: The big ship lines are
booked up many months ahead
Evening star., 1961-09-01
Course Is Scheduled

Col. Homer E. Miller, retired,
will conduct q course on put
and call stock options at the
Stratford Hotel Monday eve
ningS for four weeks beginning
September 18 at 8 pm. The
course is open to brokers, ana
lysts and the investing public.
He is director Of education at
Saul Lerner Co., New York and
author Of a forthcoming book
on puts and calls.
Evening star., 1961-09-01
Matthew Gordon
To Orqonize Firm

Science Communications,
Inc, of 1919 Wisconsin ave-
nue. NV, today announced it
has reached an agreement
with Matthew Gordon, retiring
head of U. N. Press Services,
for a joint business service.
Mr.. Gordon yesterday re-
signed from the United Nations
post after Is years service.
He plans to organize a COM
pany specializing in manage
ment assistance and consulta-
ton.
His new firm, not yet ramed,
will work with Science Com
municationS on furnishing
technical intelligence for in
vestors, according to Dewitt
o. Myatt. president of the
latter firm,
Evening star., 1961-09-01
Lodge Is Promoted
By J. c. Penney Co.

Joseph I. j. Lodge, manager
of the j. C. Penney Co. in For
estville, Md. has been pro-
NOTED to district manager
William L. Marshall, vice pres
ident of the company, an
nounced today.
Mr.. Lodge joined the Penney
company as a sales trainee at
the Arlington, Va, store in
I947. He served in managerial
posts in Wilmington and Pitts
burgh.
When the newest, Washing
ton area, Penney store opened
at the Penn Mar Shopping
Center in 1859, Mr.. Lodge was
appointed manager. He was
instrumental in organizing the
Penn Mar Merchants ASsocia-
ton and served as president
for two years.
Evening star., 1961-09-01
Sheraton Net
Gains Slightly
During Year

The Sheraton Corp. of
America. with two major hotels
in the District. reported nearly
81 million increase in gross in
come and a rise in net earn
ings for the fiscal year ending
April 80.
In other earnings reports,
May Department Stores. which
owns the Hecht Co.. also re-
ported an increase. but ACF
Industries experienced a net
drop.
The Sheraton chain had
gross income Of $2O5, ZOO, ,953
and net earnings of $3,2S4,15O
for the fiscal year. equal to
81 cents a share of common
stock. The previous year saw
gross income of $204, ,s82, ,0So
and a net of $S.Oss,Ss1. equal
to go cents a share. The cor
poration operates the Shera-
ton Carlton and Sheraton
Park in Washington.
May Department Stores had
record second quarter sales of
$163 million in the three months
ending July 81, up rs per cent
for the period last year.
Mays earnings totaled So, $780, =
900 or 80 cents a share of COM
mon stock, compared with
$2,l05,000 or 26 cents a share
a year earlier. First half sales
totaled $3o8,172,OO0, an in
crease of 3.4 per cent from
1960s first half figure of $685.
O46, 900.
ACF Industries, operating an
electronics division in nearby
Riverdale, Md. had sales Of
$42,816,000 in the first quarter
of its fiscal year. The quarter
ended July 81. Earnings were
$435 900 or 81 cents a share.
The like period last year saw
ACF with net income Of 81, $685.
600 equal to $1.06 a share.
Evening star., 1961-09-01
TALKING OF BUSINESS
Returning Travellers Volume Up
With $500 Import Limit Dying

for tourist class fares, and
travellers couldn't have known
when the new law would take
effect until it was signed three
weeks ago.
For the big ships" says Paul
G. Hedrick, American Express
district manager in Washing
ton. you'd have to make q
reservation three months ahead
for second class and tourist
class passage. It's worst for
tourist class. We make reserva-
tions In February for Septem-
ber sailings."
There's no way Of telling
how many thousands of Amer
leans will speed back across
the Canadian and Mexican bor-
ders to beat the countdown
next week, but it's clear that
foreign businessmen are un-
happy about the new law, along
with local travel agents and
not a few tourists.
"Everybody's asking us what
they can buy overseas for $10O,"
says an agent of Waters Travel
Service here. They're very
much incensed about it. They
can see no logical reason for
the cut"
The new law is a Kennedy
administration measure to help
halt the gold drain. It is a
temporary measure, and ex-
pires June 80, 1868 unless Oon-
greSS sees fit to extend it.
Judging from critics of the
law-who think it will chiefly
deter that once-in-a-lifetime
visitor to Europe until the aus
terity mood passes-the old $500
limit will be brought back by
popular demand two years
hence.
Evening star., 1961-09-01
Senate Passes Bill
To Aid SBA INVESTING
BY the Associated Press

The Senate today passed and
sent to the House legislation to
increase the funds available to
small business investment COM
panieS.
A 1858 act provided that the
Small Business Administration
may charter and buy deben-
lures Of such companies as a
means Of providing more cap
ital for small enterprises.
The bill would raise from
$15o,000 to 1000 the amount
the SBA may invest in an in
vestment company, and would
fix a So million ceiling on Gov
ernment loans to such q COM
pany.
Evening star., 1961-09-01
B&O Files to Plan
To Cut Coach Fare

The Baltimore & Ohio Rail-
road today filed a proposed cut
in its round-trip coach fare on
Daylight Speedliner trains be-
tween Washington and Pitts
burgh, and Baltimore and Pitts
burgh.
The statement filed with the
Interstate Commerce Commits
sion proposed a new round-trip
fare of $11.63 effective today
on a 15-day basis. The current
fare is $15.55 for a round trip
ticket used within a 30-day
period. The proposed fare
would expire February % next
year. The railroad said it will
review results to see if increased
public response justifies contin-
uing the new rate.
Evening star., 1961-09-01
D. c. Bank CIedrings
Gain II Per Cent

Bank clearings in the Dis
trict increased more than IL
per cent in volume for the first
eight months over a year ago,
the Washington Clearing House
Association reported today.
The figure measures the vol
ume of checks on accounts in
the II District banks moving
through the clearing house, and
Is an economic indicator for the
area.
Clearings totalled $5,413,478,-
639 for the January-August
period. compared with $4.756,-
726,076 for the eight-month
period last year.
The association also reported
a AS per cent rise for August
over the previous month, from
$3.50, 8,443, ,422 in July to $780,
445, ,439 in August.
Evening star., 1961-09-01
Vitro Laboratories
Gets $S8,600 Order

Vitro Laboratories today an
nounced it has received a
$685. order for fabrication
of wire coils to be used in
underwater communication by
Westinghouse Electric Co. OF
Baltimore.
The coils will be produced at
Vitro's plant in Kensington,
Md. The wire is used in ocean,
ographic instruments, deep
water distance measurement
and guidance.
Evening star., 1961-09-01

terday appropriated $1.S mil
lion for new switching equip
ment in Georgetown; cable, new
radio-TV pickup equipment for
area broadcasters and several
smaller projects in September.
The company reported rev.
enueS totaled $3.50, 900 in July
and operating expenses Of
$5,113,000. Revenues for the
month last year were SIS, ,582, 900
and expenses we're $4,796, 900.
Net income for the IL months
ending July 81 was $9,110,000
compared with $8,260,000 for
the period a year earlier.
Evening star., 1961-09-01
Furniture Sales Dip

Retail furniture sales in Met
ropolitan Washington declined
by 5 per cent in July and by 4
per cent for the first seven
months Of 1861 from totals for
similar periods last year, the
Federal Reserve Bank Of Rich
mond reported.
Evening star., 1961-09-01

the Pennsylvania Railroad. the
line announced today.
The new train, known as the
Tp-23. makes possible delivery
Of freight in piggyback trailers
in many cities on the second
morning from New York. Trail
.ers loaded in New York and
Philadelphia up to the end OF
a business day will arrive at
Washington in time to make
early morning connectin 8
trains to southern cities.
Evening star., 1961-09-01
Change of Address

Stanford Research Institutes s
Washington office has moved
to new, larger quarters at 80a
Seventeenth street NV. from
its Fourteenth street address
The new quarters will provide
6,700 square feet Of space.
Evening star., 1961-09-01
METALS

NEW YORK. Sept. / (AP).-Spot
metal prices today: Copper
81 cents Q pound, Connecticut Valley.
Zinc III cents Q pound, East st. Louis.
Tin 1.24A q pound New York. Foreign
silver 913S cents per troy ounce, New
York. Pittsburgh scrap steel No.
heavy was quoted BY Iron Age at
36. .00-36. 90.
Evening star., 1961-09-01
New Piggyboek Train
Announced by PennsY

A new all -piggyback train be-
tween New York, Philadelphia,
Washington and the deep
South has been established by
Evening star., 1961-09-01
Rixon EIectronics Net
Shows Gain for Year;
Sales Rise 50 Per Cent
THE EVENING STAR
Washington, D. c.
Friday, September !, 1861

Eectronics Incr Silver Spring research and de-
veopment firm today reported 1861 earnings highest
in its five-year history.
James L. Hollis president and board chairman. in the
companys annual report being mailed stockholders said
income toaed $6454l II share sales
Evening star., 1961-09-01
OVER COUNTER

Following prices furnished BY the
ers In WeshinEton represent the range
within which locally active securities
could have been bought or sold at
Evening star., 1961-09-01
TREASURY BONDS

NEW YORK (AP)-Noon over the coun.
ter U. S. Government Treasury bonds,
bid, asked, net change and yield for
Evening star., 1961-09-01
Merger Is Proposed

NEW YORK, Sept. / (AP).--
Directors Of MacFadden Publi-
cations, Bartell Broadcasting
Corp. and Process Lthog-
rapherS have proposed a three
way merger. Consummation is
subject to Stockholder approval.
Evening star., 1961-09-01

CHICAGO, Sept. 1 (AP).-Hoss
5000: opened active; now rather slow!
butchers and sows steady to 25 higher;
fair shipping demand mixed 1-2 200
230 lbs butchers 19.O0-19.25; 11O head
and a e !sSH !sSSHsSS Sub bs 'pggPS @i6ee 5
largely 1S.60-19.OO; mixed l-3 l70-
200 lbs uneyenly 17.5O-18.75; mixed
1-2 300-400 ID sowS 15.50-17.50; 2-3
400-550 lbs 14.25-15.75. --.7
Cattle 200, calves IS; not enough Of
Evening star., 1961-09-01
FOREIGN
EXCHANGE

NEW YORK, Sept. l (AP).-Foreisn
exchange rates (Great Britain and Aus
tralia in dollars, others In cents and
decimals Of q cent?:
Evening star., 1961-09-01
C&P Announces
Georqetown Projects

Directors of the Chesapeake
g. Potomac Telephone Co. yes
Evening star., 1961-09-01
MUTUAL FUNDS

NEW YORK (AP)
National Associa-
tion Securities Deal
ore TnC
Evening star., 1961-09-01

Prices quoted IN dollars and thirty sec
nds.
T-Partially tax exempt.
Evening star., 1961-05-04
Bittinger Outlines
D. {. Area Growth

Donald S. Bittinger, presi-
dent of Washington Gas Light
Co., was author of an interest
ing article on Washington area
growth in the current issue of
Markets of America.
He emphasized that private
industry as well as the Federal
Government has contributed
greatly to area growth.
Mr.. Bittinger quoted statis-
tics from the Economic De-
velopment Committee of the
Board of Trade listing the ad-
dition of Alb new organizations
and firms in the Washington
area in six years ended with
1860. The firms have added
9,076 employees and $51,429, 900
to annual payrolls of the area,
he said.
Evening star., 1961-05-04
7 reusuy Issues
Oversubscribed

The Treasury reported today
its latest multibillion.dollar
borrowing was highly success
full.
Earlier this week investors
were offered $7.8 billion in new
securities. The Treasury said
investors offered to buy $26.7
billion worth.
Because the offer was heavily
IoversubScribed and the Treas
ury needs extra cash because
of recession losses in tax re-
ceiptS, it said it decided to ac-
cept $8.3 billion Of the offers
The department said it will
issue $5.5 billion of new one
year certificates paying 3 per
cent interest. Investors offered
to buy $13.8 billion of these.
In addition, the department
will issue $2.8 billion of two
year notes paying 3A per cent
Subscriptions for these totalled
$12.9 billion,
Evening star., 1961-05-04

shipments in rack cars jumped
SO per cent. Auto parts ship
mentS were up 81 per cent and
iron and steel loadings ex-
panded II per cent. Chemicals
showed an increase of 2 per
cent.
In the first four months of
this year, % new industries
and businesses were located on
Gao lines and these are ex-
pected to produce 81 million
annually in increased Gao
revenues the monthly report
said.
Although carloadings were
up sharply from the preceding
month, revenues and net in
come for April remained be-
hind a year ago when the re-
cession had not yet started and
the traffic pickup following the
steel strike settlement still was
being felt.
April revenues totaled $685.
$4,000 VS.. $29 9,542, 900 in April
last year and net was $1.007,-
600 or IL cents a share VS.
$3,344, 900 or Al cents. -Four
months revenues were $92,-
291, 900 VS.. $114,677,000 and net
was $5,537,000 or 81 cents VS.
$12,841 900 or $1.57 a share a
year ago.
Evening star., 1961-05-04
Zenith to Display
New EN- Stereo Here

Zenith Radio Corp. will hold
its first public demonstration
Of its new FIN stereophonic
broadcasting system at the
Shoreham Hotel starting Sun
day, the company announced
today.
The new system approved by
the Federal Communications
Commission on April 20 was
conceived by Zenith engineers
and developed by them over
a period of more than three
years, the announcement said.
Demonstrations of the Sys-
tenn will follow a Saturday ses-
sion of the National Association
of BroadcasterS. They have
been scheduled at two-hour in
tervals from 10 am. to 8 pm
on Sunday through Wednes-
day.
Evening star., 1961-05-04
Phillips Named
Mount Vernon
Bank Officer

Raymond B. Phillips, former
bank examiner with the Fed
eral Deposit Insurance Corp,
has been elected vice president
and cashier of the Mount
Vernon Bank g. Trust Co. in
nearby Fairfax County. Va, it
was announced by Andrew w,
Clarke, president of the bank.
Mr.. Phillips is a resident of
Alexandria, a veteran of World
War II and Korea, and a grad
uate of Lynchburg College.
While with the FDIC he
served on the faculty of the
Inter-Agency Bank Examiner
School conducted by the FDIC,
the Treasury and the Federal
Reserve Board.
Evening star., 1961-05-04
CHICAGO
LIVESTOCK

CHICAGO. May 4 (AP) CUSDA.-
HOgS 1000; active, butchers, 25 to 80
higher: sows scarce, steady to 20
higher: good shipping demand; mixed
l-2 and mixed l-3 190-23O lbs 1875
1900: 35 head mostly Is around 200
lbs 1925: 20 head 1875 lbs at 1910.
mixed 2-3 and 3s 19O-230 lbs 1900
l7.75: mixed l-3 and mixed 2-3 23O-
$50 lbs l6.50-l7.25: mixed 2-3 and
IS 100000 lbs I8.O0-l6.75; mixed %
100000 lb sows 14.75-l5.75: 100000
lbs l3 75-l5.0O.
Cattle 700: calves none; slaughter
steers and heifers slow, about steady;
commercial cows weak to so lower
other cows steady: bulls weak to so
lower: other classes steady: a load Of
high choice with a prime end l,225
ID steers $3.50; few loads and lots
good TO choice 950-l,l75 ID 2l15-
"a 90: utility and standard 1900
so; few good to choice slaughter
heifers 2050-23.0O: utility and
standard l6.50-20.50: utility and
commercial cows l5.75-17.75;. Gamers
and cutters l3.b0-16.75: utility and
commercial bulls 1S.O0-20.50: good
vealeTS 25.O0-27.0O culls down TO
l 90; part load good $50 ID feeding
steers 22 90.
Evening star., 1961-05-04
6. {. M. Officials
Join Board of
National Firm

Stanley H. Rosensweig, pres
ident of G. E. NJ, Inc, of Wash
ington, and Joseph A. Marcus
executive vice president of the
firm. were elected director Of
G. E. M. International, Inc, yes.
terday at the annual stock
holders meeting in st. Louis
Mo.
The election was announced
by Robert L. Wolfson, board
chairman of the st. Louis firm
Mr.. RosenSweig, a lifelong
resident of Washington, was d
founder and is board chairman
OF Electronic Wholesalers of
Washington and Baltimore. He
is president of Sun Appliance
Wholesalers and is active in the
Board of Trade, Young Presi-
dents Organization and the
Advertising Club. He is a grad
uate of George Washington
University.
Mr.. Marcus began his mer-
chandising career with Macy's
in New York and later was
with Dawson Paxon in Atlanta,
Ga.
He is a graduate of Harvard
University and Harvard School
OF Business. Before joining
G. E. M, Inc, he was with the
Hecht Co. for 13 years.
Evening star., 1961-05-04
BUSINESS
BRIEFS

H. L. Green Co. stockholders
have approved sale of its wholly
owned Canadian subsidiary
Metropolitan Stores, to the
banking firm of James Rich
ardson & Sons, Winnipeg. .Sale
of the 86-store Canadian va
riety chain was for about $l8
million cash.
Business Loans by reporting
member banks in leading cities
declined by $134 million during
the week ended April 26, bring
ing the total to $31 ,492, ,000, 900,
which was $565 million more
than a year earlier.-Federal
Reserve Board.
Wholesale Food Prices this
week fell to their lowest level
in eight months. At $5.97 the
index. representing the cost at
wholesale of one pound each of
81 foods, was off 3 cents from
last week and at its lowest
point since the week ended
September 13, 1860, when it
was $5.96. The current figure
was equal to the year-ago fig
ure.-Dun & Bradstreet, Inc.
Earnings
Anaconda Co. in the quar-
ter ended March 81 earned
$11, 100000, or $1.09 a share VS..
$12,950,OOO, or $1.21 a share,
in the 1860 period.
McGraw-EdisOn Co. in the
year to March 81 earned
$2,352,O0O, or 81 cents a share,
VS.. $3,167, 900, or 81 cents a
share, in the 1860 period.
Merganthaler Linotype in 25
weeks to March 19 earned
$2,421 ,495, or $1.O1 a share, VS..
$3.50, 1903, or 81 a share, in the
1860 period.
Botany Industries, Inc, in
the first quarter had sales of
$20.065.000, with earnings of
$353,000, or 9 cents a share, VS..
$l4,810,000 sales, a net of $44,-
900, or is cents a share, in the
1860 period.
HfIa-
Evening star., 1961-05-04
Analysts See
StockAdVance
Continuing

RICHMOND. Va. May 4
(AP).-The Nations financial
analysts-the men who should
know, if anyone does-say they
expect the already overpriced
stock market to continue its
upward rise this year.
That was the consensus from
informal conversations and
formal polls among the 1,40O
persons who attended the
three-day meeting of the Ma
tional Federation of Financial
Analysts Societies, which ended
here yesterday. Almost to a
man they were bullish.
Many cautioned investors,
however, to be especially Selec-
tive and not to be swept along
in the rush to glamour stocks
like Space-age and electronicS
securities, but rather to look to
more reasonably priced growth
stocks.
The Washington area was
we'll represented by a group
from banks, investment houses,
insurance companies and other
organizations. The Washing
ton Society of Investment Ana
lyStS is a member of the ma
tional federation.
L. c. Winterfeldt of the Han
over Bank of New York said
many investors are overlooking
potentially good buys in in
dustry groups such as oils and
bank stocks. He said the value
of these more reasonably priced
stocks will become apparent
when and if the day of reckon
ing comes to the market" He
said he looks for a business
upturn of moderate proportions
in the near future.
Evening star., 1961-05-04
West Germany
Cuts Bank Rute

BERLIN, Germany, May 4
(AP). - West Germany's Fed
eral Central Bank lowered the
discount rate today from 3l2
to 3 per cent.
The announcement was made
in Berlin where the central
board had met in a special ses-
sion to discuss measures to stop
the flow Of foreign capital into
West Germany.
This new reduction aligns the
German level of bank rates with
that Of the United States.
Rates in England are S per
cent. They are 3l2 per cent in
France.
Evening star., 1961-05-04
7 Corners Gets New
Sporting Goods Store

A new sporting goods store
was opened today in the 7 Cor
ners Shopping Center in Falls
Church, Va.
AL J. Fogel and Irving Fogel,
owners of Irving's Sports Store
at Tenth and E streets NV.
announced opening of the new
unit, to be called the Sports
Shop.
Martin Greenberg is presi-
dent and a partner in the new
store, which will feature lead
ing national brands of sport
ing goods.
Evening star., 1961-05-04
Reynolds Metals
official to Speak

John H. Krey, financial vice
president of Reynolds Metals
Co., will address the Washing
ton Society of Investment
Analysts at an Occidental Res
taurant luncheon on Wednes-
day, May 10.
The society's annual meeting
and election of officers will be
Evening star., 1961-05-04
Bruce Hunt Wins
Magazine Award

Bernard j. Miller. publisher
of Gentlemen's Quarterly mems
fashion magazine. has pre-
sented his organizations FASH
ion Authority Award to Bruce
Hunt, Inc. Of Washington.
Larry M. Nathan, president
of the Washington firm. re-
ceived the award at a recent
ceremony.
Evening star., 1961-05-04
Capital AirIines Head
Takes New Position

David H. Baker, who has
been president of Capital Air
lines, has been elected a vice
president of Vickers, Inc, a
division Of Sperry Rand Corp,
it was announced.
Mr.. Baker will serve also as
general manager Of the divi-
sion's international division,
He succeeds R. E. Esch, who
reached retirement age. Mr.
Baker entered civil aviation
four years ago on retirement
as a major general from the
Air Force.
Evening star., 1961-05-04
ALB Chapter Plans
Golf Tournament

Washington Chapter, Ameri-
can Institute Of Banking, will
hold its annual golf tourna-
ment at the Brooke Manor
Country Club on Thursday,
May 18.
Joseph Richards III of Riggs
National Bank, has been named
chairman for the event.