davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-10
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Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-10
WORD GAME
THORN Mcbride
MUTT AND JEFF
ON STAGE

Find 36 words or more in
A P E r T u r E
meaning IAN opening. gap"
Average mark. 81 words; time
limit, 80 minutes.
Rules Of the game: 1. Words must be
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-10

Of four or more letters. 2. Words which
acquire four letters by the addition Of
IS" such as bats" "cats" are not
used. 8. Only one form of a word is
used. 4. Proper names are not used.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-10
Answer to ARGENT

agent. aser. anger, ante, rate, rant,
rang, range, rage. rent, sarnet,
crate, grant, earn. near, neat, tang,
tarn, large, tare, tear, tern.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-08-10
BY Al Smith

JOHNSTON'S NO.ROACH. Simply brush Johns
tons No-Rooch on cabinets to control cockrooches,
on stills to stop onts No need to your dishes or
breathe horn1fu sprays. Remember No-Rooch
means no rooches.
8 ounces, 89c Pint, 1.69 Quart, 2.98
Woodward 6 Lothop-Housewoes Center, lst Floor,
North Buidine oIso Chevy Chose, Wheaton Pozo
and Corners
Evening star., 1961-09-28
New Exchange May Open in January;
ToyIor Sees 5OMiIIion Shareholders

securities now are traded over
the-counter.
NSE listing requirements will
be far less stringent than those
of the big board" which
among other things requires
public ownership of at least
100000 common shares by $500
stockholders.
Under NSE rules, the general
rule will be a minimum of 100,-
900 shares il 500 public hands.
There also will be a net
worth criterion, varying widey
for service corporations with
relatively small fixed assets
and heavy manufacturing in
dustries where a much larger
worth would be less indicative
Of financial stability.
Mi. Taylor said expenses of
starting up the new exchange
are being underwritten mainly
by the New York Mercantile
Exchange. where eggs, butter,
potatoes, platinum and other
commodities are traded.
The two marts will occupy
different floors of the same
building.
Mr.. Taylor said these costs
are well under 81 million but
considerable"
In order to qualify for a seat
on the NSE, members first will
have to hold a seat on the
l NYME.
Evening star., 1961-09-28
Sheraton-Park
To Build Lanai
Units on Pool

A new 61-unit Lanai addi-
ton to the Sheraton-Park
Hotel will be constructed as a
first step in a multi-million-
dollar expansion program, it
was announced today by
George D. johnson, vice presi-
dent of the Sheraton Corp. and
general manager of the hotel.
Plans for the new two-story
structure. which will adjoin
the existing A and B wings
of the hotel and will face the
beautiful swimming pool, have
been completed and are out
for bids.
Each Lanai will have a
patio, floor-to-ceiling windows
and the latest in decor. In
addition each room will be
air-conditioned and have radio
and television, as do all of
the rooms in the Sheraton
Park.
This new structure will COM
plement the present building
and will be Handicapped in line
with the greenery throughout
the hotels 16 acres of ground
There will also be elevator
service for the two floors and
Immediately below the Lanai
addition will be a parking ga
rage with a direct entrance
from Twenty-fourth street just
off of Connecticut avenue.
Completion date set for the
Lanai addition is early spring
of 1862.
Evening star., 1961-09-28
CHICAGO
LIVESTOCK

CHICAGO, Sept. 2s (AP) (UsDA)
Hogs $500; active, butchers under
24O lbs steady to strong, 240-260 lbs
strong to 25 higher; sowS steady to
strong; good shipping demand; clear
lbs lbs 1s.S5-iS.s5, 95o 5oeq head at fC 1888;
mixed 1-3 and 2-3 10000 lbs 1900
1925; mostly l-2 10000 lbs 1850
1900: 160-1S0 lbs 17.0O-17.5 so; mixed
l-3 100000 lb sowS 15.75-17.25: l-2
225O-,30Q lbs l7.25-17.75; 2-3 100000
Cattle 1000 calves none; better
than 80 per cent of the receipts
stockers and feeders for the feeder
auction sale Friday; slaughter steers
and heifers scarce, slow. steers about
steady; heiferS steady to 25 lower;
cows slow, steady to so lower than
Wednesdays low close: most decline
on Gamers to utility grades; bulls
weak to mostly so lower; vealers and
stockers and feeder steers steady:
prime steers absent; a few loads choice
925-1 200 ID slaughter steers 24.0O-
24.75; good 9O0-l,200 lbs 22.50-
23.50; few utility and standard
2O.OO-22 90; three loads mixed choice
and prime 940-1 ,050 lb heifers 1880:
a few good and choice heifers 81 so
900; few utility and standard
l6.5O-2O.50; few standard cows
II 1.00-1S.00; commercial cows 1850
1873; cutter and utility 13.75-16.50:
Gamers 1..50-13.75; utility and COM
mercial bulls 17.5O-2O.00; few
standard and good vealers 1900
"a 90; choice absent: some medium
l.OOO Id feeding steers 21.15.
Evening star., 1961-09-28
Small Area Firms
Get More Contracts

Small business firms of this
area received $1,122,879 of con-
tracts from Government pro-
curement officers during Au-
gust, reported Arthur H. Doll
manager of the Washington
branch office of the Small
Business Administration.
The August total included
| $807, ,438 in open-end or annual
contracts and existing con-
tracts increased by amend
mentS.
The following awards were
made: Blatt's Electric Co., $52,.
095; w. D. Campbell Co., $3.50;
Capitol Chemical Co., $2,974;
Cot Construction, Inc. $113,-
920; Gayhart, Inc, $9,975; Jor.
don Construction Co., $77,247;
| Molco Drilling Machines, Inc.
$4,000; Parnell's Painting &
Decorating. $6,691, and Wash
ington Waterproofing Co., $751;
( 200.
Evening star., 1961-09-28
u. S. Bond Veterans
Honored at Luncheon

Honoring veterans of the
Savings Bonds Program in the
District of Columbia, Edward
C. Baltz, chairman of the Dis
trict Savings Bonds Committee,
was host at a testimonial recep-
ton and luncheon held in the
directors room of Perpetual
Building Association today.
Prominent representatives of
all business and civic activities
were present. Speakers included
"a. Gilmore Flues, Assistant
Secretary of the Treasury; Will
liam H. Neal, assistant to the
Secretary of the Treasury and
national director of the Saw
ingS Bonds Division; Daniel w.
Bell, chairman of the board,
American Security g. Trust
Co., and Hugh Lynch, first ad-
ministrator of the District de-
fense savings staff.
The luncheon observed the
goth anniversary of the saw
ings bonds program, which was
initiated in 1941, and was at
tended by H. L. Rust, jr., first
chairman of the District Bond
Committee; w. j. Waller and
Thomas j. Groom, who also
served as chairmen. Other vol
unteer leaders having as many
as 20 years of service were
present.
Evening star., 1961-09-28
Keoting Urges PR Unit
To Aid Cold War

Creation of a study commit
tee by public relations profess
sionals on the nature and
problems of the cold war so
that Americans "can more ef-
fectively combat the campaign
to remove free men from the
face of the earth" was pro-
posed yesterday by Senator
Kenneth B. Heating, Republi-
can of New York.
Addressing the annual Mid
Atlantic Public Relations Con-
ference at the Statler Hilton
Hotel, Senator Keating added:
q" am proposing that you, as
leaders, as creative Americans,
form a reserve unit of your
own, so to speak, and pledge
your energies and intellects to
an imperatively challenging
cause. Co-ordinated with the
proper Federal agencies, this
would not be a duplication OF
effort by an intensification OF
effort" he declared.
Philip H. Love, editor of Sun
day, magazine of The Star
said development of locally
edited Sunday magazines has
Evening star., 1961-09-28
Maryland Bank
Declares Dividend

Directors of the Citizens Bank
of Maryland have declared the
usual quarterly dividend of 10
cents a share and an extra of,
25 cents for a total of 35 cents
a share on the $40 par stock,
President Alfred H. Smith
announced.
This is at the same annual
rate of $1.40 a share paid last
year when the bank was on a
semi-annual basis and paid two
semi-annual regulars of 20
cents and two extras of so
cents. The latest quarterly will
be paid September 80 to holders
of record September 20.
Evening star., 1961-09-28

the early days of the new ad.
miniStration. was approved for
registration by the Securities
and Exchange Commission 13
months ago. Mr.. Lands is a
former SEC chairman.
At that time, the NSE hoped
to get into business before the
end of 1860.
But the birth process has
proved more complex than he
first expected, Mr.. Taylor said
in an interview.
He said he hopes to an
nounce firm opening date in
four to six weeks. If one can't
be selected in late November
the launching will be put over
until after New Years Day, he
said.
Although applications of 4C
to so industrial concerns for
listirls of securities have been
tentatively approved, Mr.. Tay-
lor said, the NSE expects trad
ing of only about 10 stocks at
the start.
1,15O on big Board"
BY comparison, the NYSE
lists nearly 1150 firms: the
American Stock Exchange
about 300.
Mr.. Taylor apparently envi-
SionS an approach to their size
ultimately.
THE NSE will be a growth
enterprise" he said.
Most of the companies, he
thinks, will be drawn from
among the $4,000 or so whose
Evening star., 1961-09-28
American Gets
'E-Stick' Shift

DETROIT, Sept. % (AP).-
The 1862 Rambler American
will continue to use a 1OO-inch
wheelbase, shortest of any do
mestic car.
In announcing styling details
today American Motors said it
was following a policy of mini
mum exterior change on the
American, with a new grille the
only noticeable difference be-
tween the 1861 and 1862 models.
Several mechanical features
are new. These include what
Rambler calls the "E-stick"
transmission. The driver must
shift gears as with a standard
transmission, but the clutch
pedal is eliminated.
Evening star., 1961-09-28
Livestock Rise
Likely to Offset
Decline in Crops
By the Associated Press

The Agriculture Department
predicted today that an in
crease in production of livestock
and livestock products this year
will offset a decline in produc-
ton of crops.
Thus, total farm output would
mold at about last years record
level, or 26 per cent above the
l947-49 average.
A report on farm market
prospects said farmers cash re-
ceipts during the first eight
months of this year totaled
$2O1 billion, up 2.5 per cent
from the like period last year
This increase reflected an up-
turn in prices and a larger
quantity of products marketed
Evening star., 1961-09-28
BY ROGER LANE
Press Business Writer

NEW YORK. Sept. 28.-
Lawrence H. Taylor, prime
mover of the Nations first new
securities market in over 30
years, is a man with a vision.
"I wouldn't be surprised if 10
years from now the number of
stockholders in American busi-
ness reaches 40 to so million, "
said the handsome, youthful
looking chairman of the Ma
tional Stock Exchange.
Best estimates place share
owners now at about Is million.
In a way, Mr.. Taylor is gam
bling his future on his belief
that public ownership of busi-
ness is on the Threshold of a
hugh expansion.
For three years now, he has
toiled as financial midwife,
nursing along the birth of the
new trading mart which has
yet to open its doors but ex-
poets to Soon-possibly right
after January /.
Quarters for the NSE are
rapidly being readied in a TO-
year -old Victorian structure on
a cobblestoned street in lower
Manhattan.
While telephone men tedi-
ously knit together a commu-
nications system with 1900
direct wire connections, and
carpenters saws rasp, motor
trucks discharge and take on
baskets and crates of produce
from warehouse docks over
hanging sidewalks down the
block.
The scene contrasts with the
ornate and spacious home of
the 170-year-old New York
Stock Exchange, granddaddy of
them all, at Broad and Wall
streets, hub of the financial
district.
Reasons for Third
Why the new exchange, fig
uratively in the big boards
shadow and that of the Ameri-
can Stock Exchange, the Ma
tion's second largest?
obviously, there's tremen-
douS move these days of pri-
vately owned companies to
public ownership" said the 49,
year-old broker, a one time
banker and management con-
sultant.
THE reasons for this make
me believe the trend will be
continuous particularly in
view of the Government tax
structure.
Many privately-ow COM
panies that are growing rapidly
cannot save up enough new
capital after taxes to finance
needed expansion" he con.
tinued.
obviously, they have to &c
to either private investors OF
the public for new capital.
The NSE, counseled by
James M. Lands, a close ad.
wiser to President Kennedy ir
Evening star., 1961-09-28
a Airlines to Study
Merqer Further

NEW YORK, Sept % (AP) =.
Both sides agreed today on
further study of a proposed
merger of Northeast Airlines,
Inc, with Eastern, National
and Mohawk Airlines.
David A. Stretch, board
chairman of Northeast, said
the proposal would require
considerable study since the
line is mot now in a position
either to determine whether
or not the conditions of the
proposal could be satisfied or
to- evaluate the prospects in
that regard"
Evening star., 1961-09-28

a majority interest IN the
Mount Vernon Bank & Trust
Co. by offering % shares of
First Virginia for each share of
Mount Vernon. This would re-
quire 712,908 shares of First
Virginia.
First Virginia also is in the
process of acquiring Richmond
Bank & Trust Co., for which
100000 shares are expected to
be exchanged.
Another 350,000 shares will
be required eventually to cover
warrants issued in private
placement of 81 million of cap
ital notes last June.
Needed for Options
Still another $4,000 shares
will be needed for executive
stock options and will raise the
expected grand total of new
Glass A shares to 1,112,908, in
addition to the currently out
standing $4,000.
A proxy statement sent out
with the call for special meet
ing said First Virginia's man
agement may need more shares
to acquire additional banks in
the future. No change in the
authorized is million shares of
Class B common stock is
planned. There are 1,095,79
of Glass B outstanding.
In the meantime the over
the-counter quotes for First
Virginia Class A stock we're
lowered to SO bid and SO asked
this morning. compared with
$3.50 bid and $3.50 asked yes
terday.
They also compared with
1925 bid and $10.50 asked last
Friday and $10.75 bid and $12
asked on the preceding Friday.
No quotes have been avail
able on Mount Vernon Bank
& Trust Co. since the Mount
Vernon offer was announced
September Is. On the preced-
ing day, September Is, it was
quoted at $75 bid. Earlier in
the month the bid was $40.
Based on Book Value
"A number of readers have
asked what the 23-for-1 offer
makes Mount Vernon Bank
stock worth. That seems to be
somewhat uncertain at present.
However, the First Virginia Of
fer was based on actual book
value Of the shares on August
81, a spokesman for the bank
said.
Book value of First Virginia
was around $3.50 a share at
the time, while book value of
the Mount Vernon Bank stock
was figured at around $57 a
share, it is understood. Over
the-counter quotations appar-
emily were not considered.
Officials collecting over-the-
counter bid and asked prices
used by newspapers declined to
hazard what the market value
OF Mount Vernon Bank shares
might be
Evening star., 1961-09-28
Frigidoire to Open
New Branch BuiIdinq

The Baltimore Washington
branch of the Frigidaire Sales
Corp. will occupy a new mod
ern headquarters building at
6710 Moravia road in Balti-
more pext Monday, Branch
Manager j. A. Mitzelfelt an
nounced.
. The headquarters will serve
the District of Columbia and
six adjoining States with
around 10000 square feet of
floor space,
Evening star., 1961-09-28
GEICO Affiliate
Votes Dividend

Directors of Government
Employees Corp, and affiliate
of Government Employees In
surance Co., have declared the
usual semi annual dividend of
As cents a share on capital
stock, it was announced by
President L. A. Davidson.
The dividend will be paid
November "a to stockholders of
record November &
Evening star., 1961-09-28
Coop Pharmacies
To Sell Star Ads

! All Coop Professional Phar-
macies operating in area shop
ping centers of Greenbelt Con-
sumner Services have become
agencies for The Stars CLASH
fled advertising, it was an
nounced by Eddie O.. Wolfe
director of pharmacy opera
tionS.
The growing GCS chain OF
supermarkets, pharmacies ano
service stations operates six
pharmacies in suburban Mary
land and Virginia.
Evening star., 1961-09-28

been an outstanding event in
recent history of metropolitan
journalism. Mr.. Love told the
public relations men each in
dividual local magazine should
be studied carefully and prof.
ects should be tailored to fit
the personality or editorial at
titude of each.
Evening star., 1961-09-28
THE EVENING STAR
Washington, D. c.
Thursday, Sept. 2S, 1861
First Virginia Requests
Holders to Approve Big
Increase in Class A
By DONALD B. HADLEY
Star Financial Editor

Stockholders of First Virginia Corp have been called to
special meeting October "a to vote proposed increase
authorized stock to million shares from
the presently authorized is million.
company had $4,000 shares of Class common out
September and has announced plans acquire
Evening star., 1961-09-28
METALS

NEW YORK, Sept. 2S (APl Spot
per. 81 cents pound, Connecticut
Valley. Lead IL cents a pound, New
York. Zinc 11Ha cents a pound, East
81. Louis; tin 1.22 a ound, New
York. Foreign silver 919s cents per
troy ounce, New York
Evening star., 1961-09-28
OVER COUNTER

Following prices furnished by the
Dealers in Washington represent the
range within which locally active Sc
curities could have been bought or sold
at | pm TODAY:
Evening star., 1961-09-28
TREASURY BONDS

NEW YORK (AP)-Noon over the coun-
ter U. S. Government Treasury bonds,
bid, asked, net change and yield for
Evening star., 1961-09-28
ODD-LOT TRADING

NEW YORK, Sept % (AP).-The
New York Stock Exchange reported
today these odd-lot transactions by
principal dealers for September 81:
of 30S, sos shares including $3.50
shares sold short.
Evening star., 1961-09-28
FOREIGN
EXCHANGE

NEW YORK. Sept. % CAP).-For-
elgn exchange rates Great Britain
and Australia in dollars. others in
cents and decimals Of a cent?:
Today prov nay
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09
APP Profit
Gains Slightly

NEW YORK, Oct. 9 (AP).- -,
The Great Atlantic & Pacific
Tea Co., Inc, reported its in
come taxes exceeded profits by
$3.l million in the six months
ended August 26.
The company earned $27.2
million and paid 1903 million
in United States and Canadian
income levies.
This compares with earnings
of $29.6 million after provision
Of $29.85 million for income
taxes in the like 1860 period.
Earnings equaled $1.19 a share
against Slit a year earlier.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09

Vi In bankruptcy or receivership or
being re0rganiZed under the Bankruptcy
Act, or securities assumed by such com.
panies. xi ex-interest. ct = Certificates.
bonds, negotiability impaired by maturity.
St-Stamped. f-Dealt In fiat Z Matured
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09
Grand Unions Sales
Gain, Profit Dips

NEW YORK. Oct. 9 (AP).-
Grand Union Co. reported an
increase in sales but a slight
dip in earnings for the six
months ended August 26. COM
pared with the like 1860 period.
The company earned $3,481,-
ST.. or IA cents a share against
$500, 1872, or rs. cents a share,
a year earlier. Sales rose to
S312,890, 607 from $293,011,707
For the three months ended
August 26 profits totaled ST.
659,652. equal to IS cents a
share, on sales of $154,701,813.
This compared with $1,634.091,
also equal to IS cents a share,
on sales of S147,147,126 in 1860
period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09
CHICAGO GRAIN

CHICAGO, Oct. 9 CAP).-A few spot
cash sales. Of corn by the Government
at 10 cents & buShel higher% than
those Of Friday put the Grain futures
markets into high cycle today at
At the end Of the session prices
shrank from early gains of as much
corn contract, The Department Of Ag-
riculture declined to say during the
session whether its pricing policy on
corn had been altered.
Around noon, wheat vas - to =
70 ga higher, December Si.10h: oats
to hisher. December 67A; rye
"a to higher. December 81 .33Ia.
and soybeans y to y higher, Deem
Der S2.36h.
ChieaEo Cash Market
No wheat or soybean sales. Corn
No. yellow Ill. No. 4 yellow CCC
.04E-05N No. I, yellow CCC 1.o3h:
sample erade yellow COL .0SN. Oats
No. II extra heavy white $50 No. .
extra heavy white 66la-67 Barley:
Mating choice .3S1 SO: feed DOL OF
nominal.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09
Stock Prices Mixed,
With Lower Tendency

as little improvement was re-
ported in steel production,
dampened first by the General
Motors strike and now by the
Ford walkout.
Retail shares were mostly
higher and aircrafts leaned to
the upside while most other ma
jor sections were irregular.
Prices on the American Stock
Exchange moved generally
higher in moderate trading.
Corporate bonds were mixed.
Government bonds declined
slightly in moderate trading.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09
NEW YORK STOCK EXCHANGE QUOTATIONS

Furnished by the Associated Press
Stocks Sales
and zoos Net
Dividends Cest.) High Low 7:D chg
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09
NEW YORK, Oct. 9 (AP)

NEW YORK, Oct. 9 (AP). -
Few features appeared in a
mixed stock market which
showed a tendency to the down.
side early this afternoon. Trad
ing was moderate.
Most key stocks showed
fractional gains or losses. A
few blue chips, however. took
fairly sharp losses. dampening
the overall average.
Ford was soft in a spotty mo-
tor group as the strike dragged
on with no immediate prospects
for settlement. Steels edged off
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09
FOREIGN
EXCHANGE

NEW YORK. Oct. Q (AP).-Foreign
exchange rates (0Yeat Britain and
Australin dollars, others In cents and
decimals Of cent?:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09
COTTON

futures were Irregular today.
The market gained up to so cents
= bale in early dealings, anticipating
lower Government cotton crop re-
expected and touched off selling. Cur
rent crop months dropped back as
much as 95 cents q bale from best
levels on commission house selling be-
fore the market steadied on trade
buying.
Late afternoon prices were IS cents
.. bale lower to Is cents hikher than
the previous close, October S4.42, De-
cember 34.95 and March 1878.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09
Editors to Meet

The Middle Atlantic Associa-
ton of Industrial Editors will
hold a dinner meeting at the
National Press Club Wednesday
night. Norman stander. indus
trial psychologist with the Bal
tlmore division Of .Westing-
house Electric, will be guest
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09

Others for los share lots.
Elk dividend, Plus extra or extras.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09
METALS

NEW YORK. Oct. o CAP).-spot
nonferrouS metal prices today: Copper
Lead Il cents Q pound, New York
Zinc liza cents q pound. East St. Louis
Tin .20l9 pound, New York. Foreign
silver 9l9s cents per troy ounce. New
York. Pittsburgh scrap steel No.
heavy was quoted by Iron Age al
81. O0-3S 90
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09
D. c. SECURITIES

Sales-Pot Elec pwr coma at 4414.
20 at 44I4, 10 at 4434
Peoples Drus coin-60 at AN, 90 at