davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-09-11
YOUR
MONEYS WORTH
Good Time to Buy?
SY SYLVIA PORTER

Is now a good time to buy?
It's not as good as it was
a few months ago, but it's bet
ter than it will be a few months
from now when prosperity will
exert new upward preSsures on
prices.
The chances of price cuts of
any meaning in goods and Serv-
ices are next to zero now.
Therell be special reductions
here and there, but that's all.
On the contrary, the probable
ity is that price increases will
be multiplying as the months
roll on. The advances may not
be of the magnitude to be called
"inflationary," but they'll be
price raises.
If you're earning the highest
income of your life, you are
and will continue to be ahead
of the cost of living game.
Your income is rising more than
2 per cent in Iceland the
forecast is that the average
price level won't be up more
than 2 per cent when the year
ends.
But the prospects are for a
boom by mid-1962.
Under these circumstances,
price increases would be a Writ
ual certainty. All booms are
accompanied by higher prices.
In a mild way, the pattern ap-
pears to be developing now.
On the eve of Labor Day,
leading cement companies an
nounced a price increase for
the start of 1862. The higher
minimum wage already has had
an influence on prices of many
goods, particularly those manu-
factured in the South.
The steel and auto price out
look is exceedingly delicate and,
while the administrations cam
paign against price increases
Evening star., 1961-09-11
Missile Sites Posts
Income of S2o, ,343

Missile Sites, Inc, Washing
ton based construction firm.
today reported net income of
$29,343 in the fiscal year ended
June 80.
Samuel N. zarpas, president,
told a stockholders meeting
held in Wheaton Plaza that the
company completed $4,339,167
worth of construction contracts
during the year. OF this $2,249,-
TAB was performed by Missile
Sites. and the balance as a Joint
venture with Fullerton Con-
Struction Co., a California based
affiliate.
Missile Sites had it's first
public offering of common
stock June 9. 1t reproted to-
day it has about 5000 stock
holders. Previously the firm was
privately held.
Evening star., 1961-09-11
Earnings

Peoples Gas 1t. & Coke in IL
months ended July 81 earned
$26,279,578 or SAT- a share VS.
$25, ,209.315 or $4.26 IN 1860.
Houston Natural Gas in year
ended July 81 earned $4,314,63O
or $1.57 a share VS.. $4,429,8
or $1.84 in 1860.
Buckeye Corp. in year ended
April 30 had loss of 1892, 1852
VS.. a loss of $940,978 in 1860.
: Universal Pictures Co. in 80
weeks ended July 20 earned
$2,284,782 or $2.45 a share VS..
S5,204,224 or $5.71 in 1860
period.
Sears, ROebuck Acceptance in
IL months ended July l earned
$1,755,867 VS.. $2,047,548 in 1860.
Reliance Manufacturing Co.
in IL months ended July l had
a loss of 81 ,528,628.
Potash Co. of America in year
ended June 80 earned $780,
$50 or $1.58 a share VS.. $1,744,- :
065 or $1.46 in 1860.
Horizon Land Co. in year
ended May 81 earned $1,424,-
$50 or $1.69 a share VS.. $691 ,667
or SLAP in 1860.
Crescent Petroleum Corp. in
6 months ended June 80 earned
Evening star., 1961-09-11

cations" September Is at the
Cavalier Hotel, Virginia Beach,
Va.
The occasion is the 37th an
nual fall conference, which
extends through September 16.
Other speakers include Calvin
D. johnson, executive assistant
to the vice president, Reming-
ton Rand division, Sperry Rand
Corp, on the topic, Politics
Versus Private Enterprise; "
Gordon L. Lippitt, director,
Center for the Behavioral
Sciences, George Washington
University, on Concepts of
Leadership for Today's Execu-
tiveS."
William S. Moore, asSocia-
ton president and vice presi-
dent of the Eastern Shore
Public Service Co. of Md, will
open the conference. Thayer
B. Seese, general manager of
Conowingo Power Co.. will pre-
SIDE.
Also speaking will be Paul
M. Millians, vice president,
Commercial Credit Co. of Balti-
more, on the topic. Which
Way Business.
Evening star., 1961-09-11
Super Giant Stores
Begin Credit Plan

"A discount credit plan was
ilRugurated today in area Su-
per Giant stores permitting
credit sales of general merchan-
disc. The plan allows customers
10, charge all purchases sold in
SHper Giants except food and
related items. There are 10
such stores in this area, plus
two in Baltimore and one in
Salisbury, Md, Super Giant
stores have clothing. appliance,
housewares, home furnishings,
toy and variety departments.
Giant Food, Inc. has mailed
Super Courtesy Credit Cards to
more than 100000 customers
who already hold Giant Food
ch e C k-c a hing identification
cards. The credit cards will be
used in the future for check
cashing.
The plan offers 30-day
budget and revolving charge
features in a single account.
Evening star., 1961-09-11

IA per cent and, says the
Journals commodity expert j..
Roger Wallace, ION the basis
of past behavior, this may rep
resent only half or even less
than half of the total rise to be
expected before the next topping
out point" AS prices of primary
industrial materials climb, the
same trend is almost sure to
emerge in wholesale prices, in
retail prices. The tilt" is OBJ
vious.
Yes, there are brakes and
they could be decisive. High un-
Employment. Excess plant Ca
pacity. Foreign competition.
Credit controls. A possible bud
get surplus in the year be-
ginning next July. Higher taxes
if necessary to create the sur
plus.
Nevertheless, the fact is that
in the receSsions of recent
years prices stabilized and in
expansions they moved upward.
We have entered a major ex-
pansion. The implications are
unmiStakable.
Distributed 1861, by The Hall Syndi-
cate, Inc) All Rights Reserved.
Evening star., 1961-09-11
BUSINESS
BRIEFS

Bank Clearings in 26 lead
ing cities in August totaled
$123 billion, up $40 from
July; for 8 months $984.S
billion, up $3.50 from 1861
Dun & Bradstreet.
NAFI Corp. said stockholders
of Chris-Craft Corp, which it
acquired in April 1860, have
agreed to exchange SO million
of the $18 million in short
term notes they hold for
100000 shares of NAFI COM
mon.
American Can Co. announced
the development of machinery
that can triple making to
speeds of 1000 cans a minute
The new units are expected to
be in operation early next year,
Evening star., 1961-09-11

A big, quiet man with a ten
der bedside manner when it
comes to ailing automobiles,
Roy Tucker, service manager
at Brown pontiac in Arlington,
is a man of firm and con-
fident convictions.
Few mechanics, even those
with Mr.. fuckers long back
ground in the business, will
stake their regulations on a
prediction about a trouble-free
automobile.
More than a month ago,
took my aging, but still agile
1855 Pontiac convertible in for
Just such a prediction before
leaving on an 8,000-mile junket
into the West. Il wouldn't
hesitate to take that car any,
place." Mr.. Tucker said in
comforting tones.
The speedometer showed 49,
600 miles.
This, then, is a report to Mr.
Tucker.
Out across the flat, speed
enticing turnpikes; the great
straight and and burning-hot
roads of Texas; the hot and
cold and often tortuous noun
tain gravel roads; the fear
some drive UP Pixies Peak anc
back home across the an
tiquated and rough roads Of
Iowa and the innumerable anc
interminable traffic lights Of
Columbus, Ohio.
Speeds were when conditions
permitted, somewhat more than
legal-and for hours on end.
The spedometer now shows
81, 700 miles. The car used nc
oil between changes; it had a
carburetor adjustment for high
altitude driving, and a genera
tor was replaced when the
original one showed signs OF
kaput. With the carburetor
readjusted for sea-level opera
ton, the automobile runs SC
quietly you check the gauges
to see if it's going.
X 4 \
Sherwood H. Egbert, new
president of Studebaker, was
in town last week, understand
Evening star., 1961-09-11
ON WHEELS
Pontioc's Mr.. Tucker Was Riqht
By CHARLES YARBRoUGH

ably proud in showing off, pre-
view fashion, the l962s-un-
doubtedly the best looking au-
tomobile Studebaker has ever
built.
Two thoughts came to mind
at first glance. A profile at
about what the industry calls
the blind quarter (where the
side of the top comes down to
the center line of the body at
the rear deck. has a slight
Thunderbird appearance. The
grille has an unmiStakable
Mercedes look.
Benz-Bird?
Mr.. Egbert documented his
glowing confidence in Stude-
baker by telling of a "competi-
ton" between designers Ray
mond LOewy in Switzerland and
Brook Stevens in Italy. neither
knowing what the other is do
ing.
They're working on Stude-
bakers for 1864, 1965and 1866.
Holding that auto manufac-
turers ignore" proven inven-
tionS to make automobiles SAT-
er, Representative erts,
Democrat of Alabama, writes
in the current issue of Saga
magazine that Congress might
make them use the devices.
He says the addition of three
safety features would cut the
Nations traffic deaths and in
juries in half. He named seat
belts, a hydraulic bumper ano
super -doft plastic padding.
These, Mr.. Roberts says
could be added to the car at
the factory for less than $780,
+ + \
Retired Air Force Gen. Fowler
of Flower Motors, Ltd, Airing
ton, has been named dealer
of the year" by Rootes Motors
Inc, for sales records set in
the ROOteS Hillman, Sunbeam
and Humber lines and for ex-
cellence of customer service
y u y
Club schedules:
d. c. Triumph Sports Owners
Associations monthly meeting
is scheduled for AIS Restau-
rant, 8317 Grubb road, Silver
Spring, at 8 pm, Thursday
The associations regularity
Rally comes off at IL am.
September II from the Spring
field Plaza center.
Corvette Clubs board meet
ing will be at Gunther Sadel's
home, 1901 Joliet street, Silver
Spring, at 8 pm. tomorrow.
VOlkswagen Clubs meeting
is 8 pm. Thursday at the Guy
Mason Recreation Center, Wis
consin and Calvert street NV
y y
William P. Boyer, jr., whose
parents live at 5240 Baltimore
avenue, Bethesda, has been
named executive stylist in the
Thunderbird-FalcOn studio at
Dearborn. James r. Berry
is the new traffic consultant
for the Insurance Institute for
Highway Safety, ITO H street
NV. The new Atlantic
region service manager of Olds-
mobile is John S. Huston.
Evening star., 1961-09-11
ICCHearsPIea
0nRai| Merger
ByRockefeIIer
Ry the Associated Press

Gov. Nelson A. Rockefeller
of New York today proposed
creation of a Federal depart
ment of transportation and re-
peal of the 10 per cent Federal
tax on transportation of per-
sons.
He made the proposal in
testifying before the Interstate
Commerce Commission at hear
ings on rival efforts by the
New York Central Railroad
and the Chesapeake & Ohio
Railroad to acquire control of
the Baltimore & Ohio.
Gov. Rockefeller urged a
prompt consolidation of the
three railroads. He said that he
was convinced the public
interest in efficient transpor-
tation requires this.
In his general proposal, the
Governor had recommended "a
co-ordinated approach to rail-
road consolidation, acquisitions
and mergers.
He said he referred both to
Government and private plan
ming.
On the question of repeal of
the Federal tax, Gov. Rookie
feller said, "If the railroads
were allowed to retain the more
than 5000 million a year which
they now collect for the Gov
ernment in such taxes. it
would be a tremendous shot
in the arm" for them.
Gov. Rockefeller said the
pending applications for con-
troll of the Baltimore & Ohio
should be disposed of in a
manner to assure an early
three-way consolidation"
Failing agreement on a
three-way consolidation, he
said, then the C&O application
should be denied and the New
York Central application should
be granted subject to certain
conditions.
Evening star., 1961-09-11

and the very real threat of
foreign competition may pre-
vent or delay price rises, this
could be a fools dream. Steel
executives have made no secret
of their conviction that price
increases are going to be es-
sential if their industry is to
remain healthy; as far as autos
are concerned, after both the
1858 and 1855 settlements, auto
prices were advanced.
Since the start of 1861,
prices of primary industrial ma
terials have been climbing. On
the Journal of Commerce in
dex, the rise to date has been
Evening star., 1961-09-11
Maryland Financing
Tops National Rate

The State of Maryland and
its cities and towns are float
ing long term bond issues this
year at a pace we'll ahead of the
national average, a study
showed today.
But Virginia is adding this
type of debt at a rate well
under half the average for the
other 49 States.
In the first eight months of
1861. Maryland and its COM
munities floated $140, ,788, 900
in bonds to finance various
public projects, according to
the Weekly Bond Buyer, finan-
cial publication. In August
alone. new bond financing hit
$30,735,000 in the state.
The national average in the
first eight months was a bit
more than $110 million per
state.
Virginia's total so far is
only $50, ,407 900 for the period,
including $11.5 million last
month. And the District is a
mere $2,765,O0 for 1861, all
Of it in August according to
the journal.
The national total of state
and municipal bond issues so
far is $5.5 billion, an increase
Of ST. per cent above last year
at this time.
School financing in 1861
accounted for about 35 per cent
and water and sewer projects
took another Ill per cent.
Highway, bridge, and tunnel
purposes ate up 11.6 per cent.
Interest rates paid by state
and local borrowers increased
slightly last month. The Bond
Buyers Index, a financial
barometer compiled by the
journal, moved from 3.49 per
cent in July to 3.54 per cent
at the end of August.
Evening star., 1961-09-11
Mrs. Adler to Speak

Mrs. Ruth G. Adler, associate
manager, Bethesda branch of
Jones, Kreeger & Co., will speak
on Women and Money" at a
luncheon meeting of wives of
executives and engineers at
Litton Industries here Septem-
ber 10. The event begins at
1870 pm.
Evening star., 1961-09-11

Ialu AppTOAlUldCely ~ SUITES
including a new Montgomery
Ward department store.
The site is located at the
northeast intersection of the
Baltimore Washington park
way and Annapolis road CU. S.
500. A bowling center already
has been completed by FAIR
Lanes, Inc, and is in operation.
The plaza will be a mall
type design with parking for
more than 5000 cars.
According to John K. Kill
bane of National Leasing and
Building Corp. and Weaver
Bros, Inc, leasing agents for
the center, other stores will
include S. S. Kresge variety
store, Kroger's Food Market,
Peoples Drug, Thorn Mean
Family shoe store. Webster's
Mems Clothes, Holiday Wom-
ems Shoes, Daniels Bootery, a
branch of American National
Bank, Peoples Hardware, Lern-
er's Women's Wear, Fred's
Mems Shop and Jules Hair
Stylist.
There also will be a jeweler,
record shop. bakery. barber,
cleaner, hobby, gift and other
speciality shops. A drive-in
restaurant is planned by Hot
Shoppes.
A three story office build
ing and 200 room motel with
swimming pool are also sched-
uled.
Evening star., 1961-09-11
SEC Orders Hearing

The Securities and Exchange
Commission announced today
it has ordered proceedings to
determine whether it should
revoke the broker-dealer reg
istration of Shiels Securities,
Inc, Portland, Oreg. The COM
mission said at issue is whether
Shiels manipulated securities
of Guarantee Mortgage, Inc,
and misrepresented them to
investors.
Evening star., 1961-09-11
CHAIN STORE
SALES

$4,000 or 80 cents a share
VS.. $l,416.000 or II cents in
1860 period.
Piedmont Aviation, Inc. in c
months ended June 80 earned
$7l ,42l or 5 cents a share VS..
a $506 in 1860 period.
Evening star., 1961-09-11
Utilities Association
Meets September IS

The Maryland-District of Co.
lumbia Utilities Association will
hear Claude G. Davis, Bell Tele-
phone Laboratories executive.
speak on Satellite Communl-
Evening star., 1961-09-11
New $11 Million Center
Near BIodensburg Due
For Opening in 1862
By TRUMAN r. TEMPLE
Star Staff Writer

Construction will begin this fall $11 million
shopping the Capital Plaza 65acre tract in Prince
Georges County Badensbug Completion is scheduled
for next year
A. V. Williams of Baltimore and Alvin L. Aubinoe of
Washington developers announced today the plaza will
Evening star., 1961-09-11
OVER COUNTER

~ FolloTlng. prices furnished by the
National Association of Securities
Dealers In Washington represent the
range within which locally active
securities could have been bought or
sofa at 1 pm. Monday, September IL:
Evening star., 1961-09-11
TREASURY BONDS

NEW YORK (AP)-NOon over the coun.
ter u. S. Government Treasury bonds,
bid, asked, net change and yield for Mon.
Evening star., 1961-10-12

do you believe that youl
best interests are being served,
Mr.. Vance said, "by having
your local affairs handled by
the Maryland Legislature?"
On at least one point Mr.
Vance and Mr.. Matthias agreed
They both claimed that the
five county commissioners were
overworked. and Mr.. Matthias
predicted that all the commits
sioner positions will be full
time in the future.
Mr.. Matthias said that the
workload now made a full-time
job out of a part-time position.
Mr.. Vance argued that this
showed the need for a full-time
elected executive and an as
sistant to handle county mat
terS.
Mr.. Matthias also charged:
That the report was drafted
by a committee which had de-
cided before any investigation
was made that it would push
for charter government. Mr..
Vance said, Nothing could be
further from the truth"
Evening star., 1961-10-12

to the far-reaching proposals.
Mr.. Vance, in arguing the
necessity for undermining the
county's government. said that
the present commissioner rule
hampers efficient and eco
nomical government"
The substance of Mr.. Vance's
arguments was that charter
government, with provision for
an elected chief executive. was
necessary for efficient govern
ment in a county which is be-
coming urbanked. The home
rule recommendations of the
plan would give the county
more power to handle its own
affairs without having to go
to the State Legislature for
authority.
AS an example, Mr.. Vance
said that when most civic
groups wanted to bar the
Washington Suburban Sanitary
Commission from erecting a
sewage disposal plant across
the Potomac from Mount Ver-
non. the county commissioners
were powerleSs to halt the
project.
Evening star., 1961-10-12
MONTGOMERY ART ON DISPLAY
Children Learn
Fire Prevention,
Advise Parents

A Montgomery County fire
chief is using child psychology
to alert Bethesda residents to
potential fire hazards in theil
homes.
When you want to get
message to the parents. all you
have to do is tell their chill
dren," said Paul Oldfield, CHIEF
Of the Bethesda Fire Depart
ment, during Fire Prevention
Week demonstration yesterday
During the first few days OF
the week long national observ-
ance, nearly 1000 youngsters
have visited the three Bethesda
fire stations, according to Chief
Oldfield.
I'VE tell them how to prevent
fires in their own homes" the
chief said, "and you should see
the look on their faces when
they realize that a fire could
start in their own house as
we'll as the one next door"
Evening star., 1961-10-12
Virginia |ntervenes
In Prince Edward Case

ton in this case extends beyond
the borders of Prince Edward
and concerns all the people Of
Virginia." he said.
I'VE felt we should help shed
as much light on them as pos
sible."
The attorney general declined
to reveal the nature Of argu-
mentS he will make in briefs
due December /, saying they
have not been formulated yet.
The NAACP suit now before
the State Supreme Court is apt
to involve some of these issues.
If public schools are closed
in one community CT Virginia,
must they be closed in all
others?
Can a school board compel
a county board to appropriate
money for public education?
Can the judicial branch of
government dictate actions of
the legislative branch or force
it to allocate funds?
Evening star., 1961-10-12

Virginia has intervened in
the Prince Edward County de-
segregation case which is ad-
vancing toward a decision that
could profoundly affect schools
and local government through
out the Commonwealth.
The State Supreme Court
Yesterday authorized Attorney
General Frederick T. Gray tc
enter the case as a friend of
the court. .
Mr.. Gray emphasized that aS
a friend Of the court, the State
does not necessarily align itself
with either side in the pro-
longed legal struggle between
the National Association fol
the Advancement Of Colored
People and the County BOARD
OF Supervisors who have closed
public schools rather than obey
a Federal Court desegregation
order.
THE Importance of questions
potentially up for determina-
Evening star., 1961-10-12

! District and vicinity-Fair
tonight, low about 81. Fair
and little change in tempera-
!ture tomorrow.
! Maryland-Partly cloudy to-
might. low in the SOS. Some
:morning cloudiness tomorrow
,otherwiSe fair and not much
change in temperature.
! Virginia-Fair tonight, low
near 60 on the coast and "a
to- 55 in the interior. Some
morning cloudiness tomorrow
otherwise mostly sunny and not
much change in temperature,
Lower Potomac and Chesa-
peake Bay--Northeast to east
winds S to 10 knots tonight
and tomorrow but becoming
variable in north half tomor-
row. Partly cloudy. Visibility
4 to 8 miles except locally near
l mile in patches of fog to-
night.
Evening star., 1961-10-12
3 D. c. Men Charged
In Counterfeit Case

Waldorf, where Secret Service
agents from the Baltimore Of
flee Joined them.
United States Commissioner
Ernest Volkert ordered all three
held for action of the Federal
grand jury in Baltimore. He set
a $4,000 bond for Toland. who
already had been free under a
$4,000 bond stemming from
his appeal of the armed robbery
conviction.
Bond for Ward and Rice was
set at $2.50O each. Secret Serv-
ice Agent John H. Hanly said
Ward listed his occupation as a
former. special policeman at
Georgetown Hospital but now
was in the catering business. He
listed Rice as a waiter and said
Toland gave his occupation as
gambler"
Mr.. Hanly said another
agent, William Holmes, already
was on the trail Of counter
feiters at the time of the arrest.
Evening star., 1961-10-12
BY WILLIAM DUKE
Star Staff Writer

! Project Marlboro" the
special report which advocated
sweeping changes in Prince
Georges County government,
was itself the object of sweep
ing charges by a county Of
ficial last night.
County Attorney Robert Ma
thias said the report contained
inaccuracies. irresponsible ac-
cusationS and distortions of
fact"
The attorney charged further
that a small group Of men"
are trying to railroad" the re-
port through the Prince
Georges County Civic Fedora
ton, the organization which
sponsored the study of county
government.
Mr.. Matthias made the charge
during a two-hour debate on
the report. which advocates
charter home-rule government
for the county and many
changes in government admin
istrative policy. More than 100
persons jammed into the audi
torium of Parklawn School,
| LandoVer Hills, to hear the de-
bate.
/ Explaining the merits of the
report was James F. Vance, a
Defense Department research
supervisor and a member of the
committee which drafted PROF
ect Marlboro"
At least one element of Mr..
Matthias attack OH the report
the charge of "railroading"-
was answered last night when
Walter Mulligan, president of
the civic federation, said the
report would not come to a
vote in his organization until
December. Mr.. Mulligan said
that the report, which was re-
leased September Z, was orig
inally scheduled to come to a
vote In the federation's Novem-
ber meeting.
The president said that the
extra month would be granted
to allow more civic federation
members to give more study