davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-05-04
State Loan Declares
Quarterly Dividends

Directors Of State Loan and
Finance Corp. have declared Q
quarterly dividend Of rs cents q
share on Class A and Class B
common stocks, 1t was an
nounced by D. A. Penney, vice
president and treasurer.
They also declared a dividend
Of 37.5 cents a share on the 6
per cent cumulative preferred
stock. All dividends will be
paid June Is to holders of rec
ord May "a,
Evening star., 1961-05-04
Hume Is Associate
OF LoidIow & Co.

Thomas L. Hume, who en-
tered the securities business
shortly after World War I, has
become an account executive
in the Washington office OF
Laidlaw & Co., members of the
New York Stock Exchange and
other exchanges.
Mr.. Hume formerly was with
Guaranty Trust Co. and Lazard
Freres & Co. and then was
associated with his father, the
late Thomas L. Hume, Sr., who
headed the brokerage firm OF
Thomas l.. Hume & Co. for
46 wears,
Evening star., 1961-05-04
METALS

NEW YORK, May CAP).-Spo,
30 cents a pound, Connecticut Valley
Lead cents pound, New York
Zinc 1lR cents pound, East st
Louis. Tin 1.O77s a pound, New York
Foreign silver Ola cents per troy
ounce, New York
Pittsburgh scrap steel No. heavy
was quoted by Iron Age at 35. .OO-3 sc. 90
Evening star., 1961-05-04
Bank Fiduciories
To Meet May Is

The Fiduciaries Section of
the District Bankers ASSocia-
tion will hold its annual spring
meeting at Columbia Country
Club on Tuesday, May 16, it
was announced by Robert P.
Hid of Riggs National Bank,
section chairman.
Representative Eugene j.
Keogh of New York will be
guest speaker. He will discuss
his bill, H. R. 10. relating to
retirement of self-employed
individuals.
Evening star., 1961-05-04
C6O Gross and Net
Far Behind Year Ago,
But Loodings Expand
BY DONALD B. HADLEY
Star Financial Editor

While and earnings of Chesapeake & Ohio
Railway railed far behind in April and the first
four months of this year. the anticipated spring upurn
traffic has started the road reported yesterday.
April carloadngS of the Gao per cent above March
Coal oadings Jumped II while automobile
Evening star., 1961-05-04
OVER COUNTER

Following prices furnished by the
National Association Of Securities Deal
ers in Washington represent the range
within which locally active securities
could have been bought or sold at
pm. Thursday, May 4
Evening star., 1961-05-04

held the night of May II at
the Occidental.
Evening star., 1961-05-04
TREASURY BONDS

NEW YORK tAP) Noon over the coun-
ter U. S. Government Treasury bonds,
bid, asked, net change and yield for
Evening star., 1961-05-04

G. E. NJ, Inc, of Washington
operates stores in Alexandria,
Hyattsville and Bethesda.
Evening star., 1961-02-26
Get these twelve great original recordings in one
II LIP album for 500 and ten empty Lucky Strike paCks

Look at this album Imagine these IL great artists great
hits together record Here the original recordings
-magnficenty reproduced by Columbia Record Produc-
tons Vaue Never before have all these great artists
been brought together abum Never before have you
been able to buy these great hits at such bargain price!
To get your album fill in and mail the shipping label at right
with ST 90 and ten empty Lucky Strike packs Remember
How Great" P. O. Box 5000, Spring Park MINI.
Remember how great cigarettes
used to taste? LUCKIES STILL DO
Evening star., 1961-02-26

Remember $00
hledin shipping label
sending
The Adak sun., 1961-02-13
CUB SCOUTS

Last Tuesday evening was the annual Cub Scout Blue and Gold Banquet held at the Club Caribou commerating the 5lst anniversary of the Scouting Pro- gram. As was expected a large gather- ing turned out including many new pro- spective Cub Scouts and their parents.
 After very delicious fried chick en dinner the monthly pack meeting was conducted by Mir. Wayne Ray our Cubmas- ter. MT. Ray introduced many of the guests which included Captain and Mrs. Sheldon.
 Perhaps the most eagerly awai ted part of the pack meeting (as far as the Cub Scouts were concerned) were the presenta ion of the awards. Below are listed the names of the Cubs who earned awardss
 WOLF: Bobby 0stman, GOLD ARROW: Jamie Martin, SILVER ARROW: Michael Aldrich, Robert Shoemaker, John Ray; BEAR: Bobby Retzlof, Randy Edwards, Jamie Martin; BOBCAT:. Reid Hagen, Paul Phillips, Douglas Ea ton, John McPherson, WEBELO6 GRADUATION: Kenneth Collins, John Smi tn; Other Awards: RAMS HEAD: Jamie Martin, BEAR BOOKS Eric Ba tdorf, Bobby Shoemaker; WOLF BOOKS :Reid Fhqen, Paul Phillips, Douglas Ea ton, John Mo- Pherson.
 SERVICE AND ATTENDANCE AWARDS
 Danny Brauer, years service. & 2 years perfect attendance; Bobby Shoe- maker, Ronnie Danielsand John Smi tn l year service and l year perfect attend- ance; Lee Mann, year service; Kenneth Collins, ? year service pin; Bobby Ostman, Assis tant Denner Stripes; Joe Toderick, Denner s trip pes.
 On the sad side of the meeting was the realiza tion that many of the Den Mothers would soon be leaving Adak and the Scouting Program. Such ladies are Mrs. Edwards, Mrs. Aldrich and Mrs. Brauer. Mir. Ray presented these ladies wi tn Certi ficates of appreciation.
The Adak sun., 1961-02-13
ADAK SUN

 less; the climax of the Scouting Year. This years banquet huge success thanks to the hard work of many people of which we list here:
 Club Caribou Management, Nav/Sta Bakery (for the beauti full cake they furnished), Air Force and the FRA for donating the soft drinks. Space does not permit the printingof all who con- tributed to the Banquet.
 Perhaps the hardest work of all is that ofthe Cubmas ter and his able Com- mi ttee. Mir. Wayne Ray deserves Well Done" for his fine work SO far.
 Until next time, S'all for now". BOBBY SCX orAe ROCK
 Friday, January 27th, teen dance ~ was held at the School Gym. The Jones Four Combo was there until 9:oo with some really good music. Thanks guys.
 A surprise birthday party held for Bonnie Cooper Friday, January 10th. She was "gweet Sixtean!" Bonnie received many gifts such perfume, gloves, jewelry and stuffed teddy bear.
 Election of Officers was held on Friday the 18th. New officers follows
 President Kay Shoemaker
 V. President Ron Rose
 Secretary Bonnie Cooper ~ Sgt. Arms Floy Powell - Welcome aboard to Pat Harpool and her brother Bob.
 On January 18th the teen members di scovered a new singing sensation known Fred and his BluejaYs". They've really got the abilityto sing. Tell us, when you going to cut your first record2
 There was a "Sadie Hawkins" dance held at the FRA. February 3rd. mul Jude of cost tunes saw Sharon Don- 1icVM Maan and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04
Hohn's to Reopen
Connecticut Ave.
Store Hit by Fire

The VIM. Hahn & Co. store
at 4483 Connecticut avenue
NV, which was damaged badly
by fire last spring, will be re-
opened in mid-September, with
L. w. Pennington continuing as
manager, it was announced
today.
Harry w. Hahn, jr., vice pres
ident, said the store has been
remodeled with the latest in
fixtures and freshly stocked
with mems. women's and chill
dren's shoes.
1--WE have had an enormous
number of inquiries about the
status of this store and want to
thank our patrons and friends
for their interest" he declared.
Mr.. Pennington has directed
the store for many years.
Joseph Zemsky will return as
assistant manager, along with
most Of the sales force pre-
viously at this location.
The company also has sched-
uled the opening of a branch
store in the NARROW Heights
Shopping Center in Prince
Georges County in September.
This will be the 14th and larg-
est in the chain which was or
ganized in 1876.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04
Dynd|ectron
Nets$2O1,96S
In Six Months

Dynalectron Corp, formerly
California Eastern Aviation,
Inc, had a net profit of SPOIL
968 after taxes in the first six
months of 1861, compared with
a mid-year loss of $370,O10 a
year ago, President C. G. Gull
ledge announced today.
Sales in the six months rose
to $17.245,03 from $16,531, 797
in the same 1860 period.
Net profit totaled $22,112 in
the three months ended June
80 after taxes, compared with
a $125,579 deficit a year earlier.
Revenues totaled $8.797,215 VS..
$8,457,798 a year ago.
Dynalectron'S b a C k o G
amounted to $50 million on
July 81, Mr.. Gulledge reported.
Contracts aggregating more
than $11 million were received
by the company and it's sub
salaries in July alone, he de-
clared.
With headquarters in Wash
ington. Dynalectron is active
in electronics, nucleonics, X
ray, aero-space and electro me-
chanics.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04
Ads of Grand Union
Win Swift's Award

Swift & Co. has presented its
Gold Pin National Advertising
Award to the Washington Di-
vision of Grand Union Co. for
excellence of advertising pre-
.senting Swift's products.
B. M. Jones, Washington
Baltimore manager for the meat
products company, presented
the coveted award to S. L. Sc
leznow. vice president of the
Grand Union Division, j. M,
Duncan, advertising manager
and A. L. DeF'eo, director of the
divisions meat operations.
The award was based OH clar-
ity and quality of reproduction,
merchandising ideas and I'M
usual displays of Swift'S prod
,ucts. The ads prepared by Mr..
Duncan were published in The
Star. The award-winning pro-
gram was co-ordinated with
Darrell Cavanaugh, meat buyer
for Grand Union Stores.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04

ally insured associations and
now there are % million, Mr..
Divers said. Insured aSSocia-
lions helped more than l mil
lion families buy or build their
homes, he added.
Other trustees at large are
w. o. Du Vail of Atlanta, Ga,
and A. r. Gardner of Olympia,
Wash. District trustees include:
Harold L. Tweedy of Pittsburgh,
Allen c. Knowles, Cleveland;
w. H. Spicer, La Grange, H.;
R. C. Findlay, Freeport, Tex,
and H. Dudley Mills, Meriden,
Conn.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04
GIN SHARES FIRST TRADED
ON EXCHANGE so YEARS AGO

NEW YORK (AP)-Fifty years ago today the New
York Stock Exchange ticker reported the trade Of 200
shares of General Motors stock
Two transactions made that afternoon were the first
in GIN stock the floor the exchange The price closed
at $3.50 share Today after number Of stock splits.
GIN closed at Salts
The ticker symbol GIN has become well established
since then During the first six months of this year the
average daily volume in GIN $500 shares.
Fifty stock of General Motors, the Nations
No automaker among asa securities traded on the
exchange Today there than 2700 listed stocks
and bonds.
When first listed GIN had about $4,000 shares of
common stock outstanding During the second quarter Of
1861 there of 283028439 shares in the
hands of investors In 1911 there only relative
handful of GIN stockholders Today there 900 sec
ond highest among all United States companies and
highest OF any industrial concern.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04
Medicore' Program
Opposed by NAM

Young workers of today and
the future already are Saddled
with an obligation to pay more
than $500 billion in benefits to
present members of the Social
Security system, an industrial
spokesman said today in OPP
posing the Kennedy admins
tration'S proposed mediocre"
program.
Testifying before the House
Ways and Means Committee,
President John E. Carroll of
the American Hoist & Derrick
Co. of st. Paul, said: Congress
must consider that any I'M
necessary generosity to the
older generation may result in
an intolerable tax burden on
the younger generation"
Mr.. Carroll, VINO is chairman
of the employee health and
benefits committee of the Ma
tional Association of Manufac-
turers, declared the problem of
medical care for the aged needy
can be solved without estab-
fishing a vast, compulsory,
Federal health insurance pro-
gram for every social security
recipient over S."
He said the program would
force help on those who do not
need it while completely ignor-
ing those who are in real need
the older citizens on the pub
lie assistance rolls.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04
Merger Approved
By Marietta and
Martin Boards

At special meetings here yes
terday, directors of The Martin
Co. and American-Marietta Co.
formally approved plans for
consolidation of the firms into
a new industrial enterprise to
be known as Martin-M Marietta
Corp.
Special meetings of stock
holders of both companies were
called for October 9 to consider
and act upon the proposed plan
of consolidation. Martin stock
holders will meet at company
offices at Middle River, Md,
and Observation-Disclosures stock
holders will meet in Chicago.
Both companies announced
that proxy material containing
detailed information regarding
the proposed consolidation will
be mailed to stockholders well
in advance of the meetings. In
a separate action, the Martin
board authorized a quarterly
cash dividend of Is cents per
share payable September 81 to
stockholders of record on
August 80.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04
D. c. offices Opened
BY Hompton-CoHier

Hampton Collier Acres, Inc,
Florida land sales firm and
wholly owned subsidiary of
North American Contracting
Corp, has opened national Of
fices at 1926 Connecticut ave.
NV.
North American acquired
Hampton Collier last Deem
Der.
President Matthew N. Mezz-
anotte of the parent firm said
the subsidiary also has opened
an office at Cocoa Beach, Fla,
near the center of the Cape
Canaveral activity. The main
office is in Miami.
Mr.. Mezzanotte said the
Florida company had acquired
an already developed site in
the Cape Canaveral area to
construct around 1000 new
homes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04
House Approves Plan
For Board Changes

President Kennedy's plan for
recognizing the Federal Home
Loan Bank Board was approved
by the House yesterday by
voice vote.
The plan follows similar ones
asked for other Federal agen-
cies. All are. designed to in
crease flexibility of the agen-
cies by giving the chairmen
more authority. 49,.
There was little opposition
to the FHLBB plan. Plans for
the Federal Trade Commission,
Civil AeronauticS Board and
the Maritime Commission have
been approved, those for the
Federal Communications Com
mission, Securities and Ex-
change Commission and Ma
tional Labor Relations Board
were killed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04
CHICAGO
LIVESTOCK

CHICAGO. Aug. (AP) (UsDA) -
Hogs 5000; receipts short of early
estimate by. around 500 head; trading
active, butchers 25 to 80 higher; sows
strong to 20 higher with advance on
weights. 1915 lbs. and down; good ship
ping demands; early clearance all
classes; mixed 1-2 200-23O ID. butch
200 lbs. 1S.4O; mixed Ia and %
190-27O lbs. 17.75-18.10; shipment IS
around 800 lbs. 1850; mixed Ia
170-l90 lbs. 17.00-17.75; mixed
1-3 100000 ID. sows l4.25-I6.5O
mixed 2-3 400-500 lbs. 13.O0-14 so;
boars 11.50-12.50.
Cattle 200; calves none; not enough
Of any class on sale for a price test.
Sheep 200: slaughter classes fully
steady; package choice and prime 100
10. native spring lambs 1900: small
good and choice 15'5o-is. 90; Gull to to
choice shorn slaughter ewes 3.0O-4 90,
mixed grade lots down to $50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04

continued disappointing in the
three months.
AS a result of inventory i'm
provement, auto dealers should
not experience too much diff
ficulty in liquidating 1861
stocks, which are estimated
currently at a.ound $4,000
units, the ABA report said.
Loan terms have been hold
ing firm in all sections. New
car loans are being held to a
maximum of So months, with
some areas giving considera-
ton to shorter maturities on
compact cars.
The volume of paper ac-
quired in financing farm equip
ment. boats and mobile homes
also has increased and banks
have held the line on terms.
Loans for home improve
ments remain at a maximum
of so months, appliances and
personal loans at "a months,
farm equipment and boats at
SO months and mobile HON es
at 60 months,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04

Chevrolet totaled $6,360,979 in
the first six months of this
year, an increase of 10 per cent
from a year ago, reported
Mandell and Florenz Ouris-
man.
The firm sold 3,759 cars and
trucks in the period, a II per
cent increase. and maintained
its lead in area Chevrolet sales,
they declared.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04
ABA Hits U. S. LEAGUE
InToxUniformity Fight

which has assets of $71.5 billion
impair its ability to extend
mortgage credit? We don't
think So"
The ABA said that between
1852 and 1859 insured COM
mercial banks paid more than
$6.7 billion in Federal income
taxes or an annual average of
80 per cent.
This contrasts with less than
$40 million of income taxes
paid by Federal Home Loan
Bank member associations in
the same period, or an annual
average of IA per cent of net
income" it declared.
"In 1859, the latest year for
which figures are available,
they paid less than l per cent
of net income in taxes, while
commercial banks paid almost
80 per cent.
Insured commercial banks
paid 1882, T97 900 in Federal in
come taxes in 1859, while mem
Der savings and loan associa-
lions paid Federal income taxes
totaling only $5,346,000. The
average commercial bank pays
more than 100 times as much
tax as the average savings and
loan association in 81 States
and the District of Columbia,
and more than 20 times as
much as in IA additional States.
Commercial banks welcome
fair competition. That is why
we want Congress to remove
the tax subsidy now enjoyed by
savings and loan associations in
order that commercial banks
and these associations may
compete on equal terms"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04
Sovings-Loon Group
Elects Dyer Trustee

William H. Dyer, executive
vice president of Perpetual
Building Association, has
been elected a trustee-at-
large for the Savings and Loan
Foundation, Inc, it was an
nounced today by William K.
Divers, foundation president.
Mr.. Dyer was among three
trustees elected by foundation
members associations through
out the United States. Six other
trustees were elected by men,
bers of their regions.
Mr.. Dyer is a past president
of the District Savings and
Loan League and Southeastern
Group, United States Savings
and Loan League, and current
ly is serving as a director of
the Federal Home Loan Bank
Of Greensboro, which regulates
Federal associations in this
area.
The foundation trustees will
administer a 1861 advertising
budget of 50 million in national
media, Mr.. Divers said.
1t has conducted a national
advertising and public relations
campaign for Federally insured
savings and loan associations
for the last six years featuring
the slogan, Where You Save
Does Make a Difference" Its
headquarters are in Wash
ington.
When its first advertising
appeared, IS million persons
had savings accounts in FEEDER
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04

The American Bankers As
ISOLATION today accused the
United States Savings &
Loan League Of attempting to
confuse the issue of tax uni
formity among competing fl
nancial institutions by issuing
misleading statements to the
Congress and the press.
1.-THE so-called facts set forth
in the leagues most recent re-
lease are merely conjectures
on the part Of some savings
and loan officials" the ABA
statement declared. 1.-THE terms
used such as recession, shock,
chaos, devastating impact, and
so forth, are crudely calculated
to mislead Congress and the
public"
The bankers association also
took the league to task for
criticizing a Treasury Depart
ment report on tax uniformity.
Savings and loan associa-
ton representatives were given
equal time to present their case
to Treasury group which
studied the tax status of these
institutions" the ABA added
Since the United States
League does not like the con-
clusion of that study. it has
made the Treasury its prime
target"
The statement added: THE
savings and loan claim Of a
substantial reduction in home
mortgage lending done by saw
ings and loan associations is so
grossly exaggerated as to be
unsupportable. Would a rea-
sonable tax on an industry
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04
ETC Acts to Drop
PuyoIu Charges
BY the Associated Press

A Federal Trade Commits
sion examiner has issued a
preliminary order diSmissing
charges that three affiliated
record concerns in Chicago
gave illegal payola to disc
jockeys.
The companies are Chess
Record Corp, Argo Record
Corp. and Checker Record Co.
ETC lawyers requested the
dismissal on grounds that fur
ther outlay of funds and effort
would be unwarranted because
Congress has enacted laws to
protect the public against the
alleged practices. The dismissal
order, announced yesterday, is
subject to review by the COM
mission.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04
Portfolio Changes
Fundamental Investors: Ad.

Fundamental Investors: Ad-
ditions - Marquette Cement
and Moore Corp, Ltd. Elimina-
tions-Champlin Oil Refining,
Dow Chemical and Cupboard
Marine.
Blue Ridge Mutual Fund:
NEUTRALITY-SUSPICIOUS. Co.,
Pacific Finance and Reliance
ance. Examinations
American Motors, Continental
Can, First National Stores,
Northern Pacific Railway and
Phillips Eckardt Electronics.
Research Investing Corp:
Additions - Fed-Mart Corp;
Hawaiian Pacific Industries,
TeSco Stores. Ltd. Tropical
Gas Co., and Zenith Electric
Supply, Ltd. Examinations -
Atlas Sewing Centers, Inland
Homes, Nuclear Development
Corp. of America, National
Cleveland Corp. and yelling
ton Management Co., Glass A.
Dividend Shares Inc: Addi-
lions - AT&T and Travellers
Insurance. Examinations - Air
Reduction, American Brake
Shoe, international Minerals
& Chemical, Kennecott Copper,
Manufacturers Trust, Northern
Natural Gas. People Gas Light
and Coke and United Gas.
LaZard Fund: Additions
British Columbia Forest Prod
uctS, Commonwealth Oil Re-
filming, w. r. Grace, Macmillan,
Bloedel and Powell River, Ltd,
st. Regis Paper and Ventures,
Ltd. Examinations Caterpillar
Tractor, du Pont, Magma Cop
per, Reynolds Metals, Merck
and Tennessee Corp.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04
Crane Co. Swaps
Its Briggs Stock

NEW YORK, Aug. 4 (AP).-
Crane Co., big Chicago manu-
facturer and distributor of
plumbing equipment, said yes
terday it has Invested itself of
a controversial stock interest
in the Briggs Manufacturing
Co. of Detroit.
Crane had been under order
from the Federal Trade Com
mission to refrain from voting
the stock-more than 231, 900
understanding outcome of an
antitrust investigation.
Briggs also has a suit pend
ing.
The shares, along with a cash
payment Of $3.5 million, went
to American Metal Products
Co. of Detroit, in exchange for
the operating assets of Alliance
Ware, Inc. of Alliance. Ohio.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04
District Wholesale
Drug Votes Dividend

Directors of District Whole
sale Drug Corp. and its SUBJ
sidiary, Loewy Drug of Balti-
more have declared the usual
quarterly dividend of 6K cents
a share on common stock A
President David I. Estrin an
nounced.
The dividend will be paid to
stockholders of record Au-
gust |.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-04
Fund Finds Investment
For Income Difficult

NEW YORK, Aug. 4 (AP).-
The June 80 reports of a num-
Der of growth type mutual
funds commented on the diff
ficulty of finding true growth
situations in today's market.
Now an income fund report
emphasizes the trouble involved
in finding real income oppor-
tunitieS.
THE task of finding sound
investments to produce current
income is a very demanding
one," management of Financial
Industrial Income Fund, Inc.
of Denver told shareholders.
"Oftentimes, circumstances
make it difficult to obtain a
good rate of income without
involving undue risk of both
income and capital.
Many common stocks which
today hold forth an attractive