davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-01-11
CHICAGO
LIVESTOCK

CHICAGO. Jan. IL (AP) (USDA).-
HOGS, $500: slow, butchers steady to
weak. instances 25 lower; Sows fully
steady; fair shipping demand: mixed
grade l-2 and mixed Ia 29O-220 lbs
l7.30-lS:10; so head 1-2 around 2l0
lbs 1928: mixed 1-3 and mixed 2-3
220-24O lbs 17.00-77.75; mixed 2-3
and IS 2340-270 lbs 16.5O-l7.25:
mixed 2-3 and IS 270-30O lbs 1900
1873; mixed grade 1-3 and mixed 2-3
100000 ID Sows 1425-15.75: mixed
grade 2-3 and IS 400-55O lbs 1926
1850.
Cattle 11.O0O; calves 100; choice
and prime steers l,l50 lbs down strong:
other steers slow, steady: heifers steady
to strong: cows steady; bulls so higher:
yealers steady; bulk choice and prime
200: 1000 ID steers 26.25-29. so: mixed
good and choice 25.50-27.O0: most
good grades 24.50-26.O0; a load of
mixed standard and good LOO lbs
-. 90; mixed choice and prime heifers
27.25-27.50; bulk choice 26.OO-27 .25: {:
most good and choice 25.O0-28 90;
good % :25-2475: utility and standard
l5.50-23 90; utility and commercial
cows 1870 $50; Gamers and cutters
II :25-l 80: utility and commercial
bulls 1a.00-22. 90: good and choice
vealers LOOPS 90; a few prime 26. 90:
cullS down TO 700; 3 loads good 100
ID feeding steers 2435.
Evening star., 1961-01-11
BUSINESS
BRIEFS

Electric Power Production
rose last week to l4.245.000, 900
kilowatt-hours from 1886, ,000-
900 the previous week, but was
off slightly from the l4,30S,-
600, 900 of a year ago.-Edison
Electric Institute.
Retail Sales dropped 10 In
December to 1924 billion, but
were 40 higher than In De-
cember. 1959.-Commerce De-
partment.
New Car Registrations in
November set q record of 543,-
042. The 11-month figure was
6,032.372 compared with $685.
500 for all Of l959.-R. l.. Polk
g. Co.
Oil Industry will spend SO
billion at home and abroad for
new facilities and reserves this
year. an increase Of $50 and
the largest outlay since 1857
Petroleum Engineer magazine.
Sapphire Material Weighing
1.8 million carats and AZ tons
Of steatite tale will be sold from
United States stockpile some
time after July General
Services Administration.
North American Cement and
Marquette Cement stockholders
approved Marquette's acquisi-
ton Of North American.
Evening star., 1961-01-11
District Chamber
To Install Chiefs
At Banquet Friday

Berkeley G. Burdell, presi-
dent of Economy Cleaners and
Standard Investment Co., will
be installed for his second term
as president Of the District of
Columbia Chamber of Com
merce at Howard University
Friday night.
Others to be installed include: :
Bryant G. Harris, president Of
Harris Electric Co., first vice
president; Robert G. MCGUIRE,
jr.. president of MCGUIRE Nor
ticians. second vice president,
and B. Doyle Mitchell, president
Of Industrial Bank, treasurer;
Mrs. Cecilia Scott. secretary:
Robert w, Ewell, chaplain, and
directors.
John C. Pyles. jr., president
of the Washington Board of
Trade. will be guest speaker for
the chamber, which is an affili-
ate of the National Business
League. Founded by the late
Booker T. Washington in 1900,
the league now is headed by
DR.. Frederick D. Patterson, of
New York, director of the
Phelps-Stokes Fund.
Evening star., 1961-01-11
Glen Alden Move
On Shoe Concern
Stayed by Court

ENDICOTT. N. Y, Jan. II
(AP).-Two industrial giants
go to court Friday for q deci-
sion on whether an alleged
means justifies an alleged end
in an apparent attempt by the
Glen Alden Corp. to gain con-
troll of the Endicott johnson
Corp.
The State Supreme Court
will hear arguments on a per-
manent restraining order that
would prohibit Glen Alden
from using confidential Ell
information allegedly pilfered
by a director of the shoe firm.
1t also would bar the director,
Jacob M. Kaplan, from the
Ell board.
Stockholders and hackers OF
the shoe firms's family manage
ment in the Triple Cities made
the "pilfering" charge yesterday
in obtaining q temporary court
order against Mr.. Kaplan and
Glen Alden.
Meanwhile. 5000 shoe firm
employees had signed petitions
that seek their permission to
make more than $40 million in
their retirement funds available
to the E-J management. And,
in a community drive to raise
SIS million to purchase E-J
stock, more than $1.2 million
had been pledged since the
drive began Monday.
Mr.. Kaplan said the pilfering
allegation will be vigorously
denied in court"
Officers Of Glen Alden, q
New York City-based company
with diversified interests, were
unavailable for comment.
Evening star., 1961-01-11
Garrett Added
To National
Savings Board

George A. Garrett, former
Ambassador to the Republic of
Ireland, was elected a director
of National Savings g. Trust Co.
at the annual stockholders
meeting yesterday, President
Douglas r. Smith announced.
Mr.. Garrett has had a long
career in community and finan-
cial affairs and recently retired
as Washington partner of Mer-
rill Lynch, Pierce, Fenner &
Smith. He was the first presi-
dent of the Federal City Coun-
Gil and currently is chairman of
the board of that organization.
National Savings 1860 net in
come of $3.50. .444, was up around
As per cent from a comparable
figure of $295,339 for the
previous year. it was emphasized
following the annual meeting.
A story in The Star yesterday
compared the latest record re-
suit with a net income figure
from the annual report of q
year ago, which was on q
slightly different basis. It indi-
Gated a gain Of only 16 per cent.
The net income figure from
the report year ago was be-
fore deduction of $75.89S for
reserves while the latest net
was sitter deduction of this
item, it was explained.
Other directors Of National
Savings were reelected as fol-
lows: Montgomery Blair, jr.,
David Bornet, Gen. Omar N.
Bradley; Lewis T. Breuninger,
Wiley T. Buchanan, jr., c. Leo
DeOrsey, Clark G. Diamond,
William c. Foster, w. Frank
Gatewood. Ernest w. Greene,
Edward K. Jones. Garfield /.
Kass, Anthony F. G. Lucas,
Mrs. Marjorie M. P. May. Fran
els A. Murray. John E. Parker. :.
F. P. Rawlings, Charles s..
Rhyme, James D. Med Shea,
Mr.. Smith, l.. Corrin Strong,
John L. Sullivan, william B.
Willard and Robert w. Wilson.
Evening star., 1961-01-11
Silver Spring Bank
Adds 7 Directors

Stockholders of the Bank of
Silver Spring yesterday elected
as directors c. Robert McBrier,
vice president-finance of
Woodward & Lohtrop. and
Frederick j. Singley, jr.. men,
ber of the law firm of Hinkley
& Singley.
Mr.. McBrier is a graduate of
Syracuse University and a
Certified Public Accountant.
He was with stores in Rich
mond. Miami and New York
City before joining Woodward
& Lothrop.
Mr.. Singley has law degrees
from Johns Hopkins University
and the University of Mary
land. He is a director of the
Houston Natural Gas Co. and
Elk Paper Manufacturing Co.
and is a trustee of the Balti-
more Museum of Art and
Union Memorial Hospital.
Also announced were resig-
nations from the froam of Don
aid K. Staley and Rear Admiral
Adolphus Station, USN (re-
tired. due to ill health, and
Stanley Pearson for personal
reasons.
Directors authorized transfer
Of 5000, 900 to surplus from un-
divided profits, increasing sur
plus account to $1,320,000 ano
raising the lending limit tc
100000 from $4,000 for 9
single loan transaction.
Directors declared a semi
annual dividend of so cents q
share, payable February 10 tc
holders of record February /.
Evening star., 1961-01-11
TALKING OF BUSINESS
TALKING OF BUSINESS ~~~az,. sy,s5S.ssa< .ss&az.yt
Commercial Printing Takes Note
Of Its Big Role in D. c. Industry
BY TRUMAN r. TEMPLE
Star stan Writer

Some $4,000 employees in
Washington's commercial print
ing industry will find a silver
dollar included in their pay
next week.
The metal coin is a reminder,
AS part Of Printing Week, that
without their art the public
would have trouble in some
rather fundamental ways.
If there were no printing
presses, the industry likes to
point out, there could be no
paper money. Also no Form 81,
no Congressional Record, and
no traffic tickets.
$102 Million Industry
Commercial printing is WASH
ington's biggest manufacturing
industry, despite Federal COM
petition from the massive Gov
ernment Printing Office. In
1859, commercial printing was
a $l02-million-a-year business,
nearly half Of it in magazines
and periodicals, in the Metro
politan Area. (The figure does
not include Washington's daily
newspapers.)
Today, according to the
Printing Industry Of Washing
ton, D. c., the weekly payroll
totals SIS million. BY con-
trast. the industry here &C
counted for only 1887 employees
in 1899 with an annual payroll
Of $1.1 million.
Although the industry dates
back to colonial times. its local
association was founded in 1914
when II commercial printing
firms got together.
Their organization always has
had trouble about what to call
itself. Members first chose the
name, The Typothetae of WASH
ington, an amalgam Of Greek
and Latin meaning typesetters.
Name Confused Some
This jawbreaker, apparently
sounding to some like the "ta-
poketa, tapoketa" in Walter
Mitty's flying machine, was
abandoned in the 1930s for
Graphic Arts Association"
The industry knew the mean
ing Of this. but the public still
was confused.
when can I sign up for
your art classes?" elderly ladies
would ask on the telephone.
Even worse. the other trade as
sociations whose magazines and
Evening star., 1961-01-11
ID Officers Named
By Suburban Trust

Suburban Trust Co. today
announced appointments of IA
officers. who were associated
with recently merged banks.
They included:
Richard w. Stotler, assistant
vice president, Seat Pleasant
office; Dolphin w. Weber, as
SiStant vice president. East
Riverdale; Joseph S. Hanson,
assistant controller, Seat Pleas
ant; William A. Barnes. as
sistant treasurer. Seat Pleas
ant; Francis w. Burn, assistant
treasurer. Bowie; Margaret s..
Dwyer. assistant treasurer,
Seat Pleasant.
Also: Leona G. Fulks, as
siStant treasurer. Gathers
burg; E. Roy Haller, jr., as
sistant treasurer, Capitol
Heights; John r. Harden. as
sistant treasurer. Seat Pleas
ant; Ruffner L. Hill, assistant
treasurer; Suitland; Andrew c.
Hooker. assistant treasurer,
Hillcrest Heights; Robert M.
Milliron. assistant treasurer,
Gaithersburg; Roy r. Robert
son. assistant treasurer, Coral
Hills; L. Elwood Wight, assis-
tant treasurer, Seat Pleasant.
Evening star., 1961-01-11
Funston Urges
Stock Margin
Drop 10 5O%

TOLEDO Ohio. Jan. IL (AP) {.
G. Keith Funston, president,
Of the New York Stock Ex-
change. last night proposed
lowering margin in securities
purchases from the present 20
per cent to so per cent.
His suggestion was made in
q talk at the annual meeting
of the Toledo Chamber Of
Commerce. It was coupled with
other proposals for modern
izing" the approach to margin
regulation by the Federal Re-
serve Board.
Mr.. Funston urged new sta
tistical guides in deciding when
to raise or lower margin rates,
"moderating" any adjustments
and a public explanation by
the Federal Reserve Board
when it changes rates.
The board last changed the
initial margin rate in July by
cutting it from 80 to the pres
ent 10 per cent. The effect was
to ease credit during a slowing
down Of the emonomy.
Mr.. Funston said a further
reduction would improve the
liquidity of the market and
diminish temptations Of stock
purchasers to evade borrowing
restrictions.
The Stock Exchange chief
discounted the significance Of
margin as q brake on stock
market credit, saying general
availability Of credit plays a
much greater role.
He said customer credit in
the securities industry aggre-
gates SIS billion, or 0.6 per
cent of the total 5000 billion
the whole economy uses. But
still, he said:
Margins constitute q very
important instrument by which
we affect the tone and resiliency
Of the whole capital market"
Mr.. Funston also proposed
formation Of q securities in
dustry credit advisory commit
tee to meet with the Federal
Reserve Board every six months
to review the securities credit
picture.
Evening star., 1961-01-11

brochures made up q major
part Of printing work here,
didn't understand the title.
One story. probably apocry-
phal. has it that the title was
again changed to its present
form two years ago following
q remark by . pressman.
Don't tell me you haven't
any money" he repeatedly told
the association, you own all
those TV shows" Directors
took q close look at their tele-
vision sets, found that Graphic
Arts" was constantly used in
credits for special effects at the
end Of many shows.
141 Member Firms
Currently 141 printing COM
panies belong to the P. I. w.,
according to Mrs. Doris T. Hall,
assistant executive secretary.
Evening star., 1961-01-11


shares of $40 par value stock
will be distributed to stock
holders at the rate of one new
share for each 10 now held,
subject to final approval by the
controller of the currency.
. Board Chairman Richard L.
Ruffner and President Clar-
ence j. Robinson told stock
holders at the annual meeting
that record 1860 net amounted
to $534,20S. compared with
36,466 in 1859.
It was equal to 1895 a share,
compared with 1923 a share
IN the previous year. Dividends
totaling $1.60 a share were paid
during the year. They aggre-
gated $4,000 on the present
l35,000 shares of outstanding
stock.
In distribution of the stock
dividend fractional dividends
will be made available for any
holders desiring to round out
their shares. Date for the dis
tribution will be fixed follow
ing action by the controller.
Directors have indicated
they hope to maintain the an
nual dividend rate of $1.60 a
share on the 148,500 shares
that will be outstanding after
distribution Of the melon.
Total capital account will
stand at 81 ABS, 900. Surplus
will total $3,250,000 and un-
divided profits will approximate
$500. 900.
Evening star., 1961-01-11
Thomas R. Gibbs, L.,
Heads Medicine Firm

Stockholders of the T. r.
Gibbs Medicine Corp. yester-
day elected Thomas r. Gibbs,
jr.. president. to succeed his
father, Thomas r. Gibbs, sr.,
who was named honorary Sec
ond vice president.
Both father and son are CO.
founders Of the company,
which produces proprietary
drug products. Stockholders
were told the company added
more than so firms to its list
Of wholesalers during the last
year. A study Of the export
market is being made.
Evening star., 1961-01-11
Dividend Is Approved
By Euirfux Bank

Stockholders of the National
Bank of Fairfax yesterday ap-
proved a 1914 per cent stock
dividend and a plan to permit
holders to purchase an addi-
tional share for each eight now
held.
This will increase capital
stock to $500.000 from $400 900,
reported F. Carbery Ritchie,
executive vice president and
cashier.
The bank had its best year
In 1860 with earnings of $26.89
a share, stockholders were told
at the annual meeting. H. Wise
Kelly, jr., was elected board
chairman as well as vice presi-
dent.
Evening star., 1961-01-11
Three Bank Directors
Added at Rockville

Stockholders Of the Mont
gomery County National Bank
elected three new directors at
the annual meeting in Rock
vile yesterday. President Reu-
ben Riggs announced.
They included: Henry W.
Becraft. who is in the real
estate and antique business;
w. Basil Mobley, dairy farmer
OF Derwood, Md; Claude r.
Vess, Rockville Certified Pub
lie Accountant.
Evening star., 1961-01-11
Mason NotehoIders
To Meet Saturday

The Mason Mortgage Note
hol ders Protective Committee
has called a meeting Of the
Goa lmittee for 10 am. on Sat-
ur6ay. January IA, in Room
23l Of the Tower Building,
Fourteenth and K streets NV.
The advisory council Of the
committee said it win recon-
mend that the committee take
immediate action leading to
early reduction of operating
expenses Of Mason Mortgage
& Investment Corp, now un-
der trustee supervision.
Evening star., 1961-01-11

Inc. graphic arts firm. at the
annual stockholders meeting
today.
Mr.. Clarke succeeded j. l..
Cowie. ST., who became chair
man of the board. The new
president formerly was manager
of the Washington office of the
American Medical Association
and now is an officer of Allied
Business Consultants. He had
been general manager of the
Cowie firm since last June.
Evening star., 1961-01-11
Eurninqs

AT&T and Subsidiaries in IL
months ended November 80
earned 81, ,205, 1854 900 or $3.50
a share compared with $l.100,-
78l, 900 or $5.16 in 1859 period.
Illinois Central in calendar
year earned $10,S73,377 vs.. $l5,-
039.743 in 1859.
MagnavOx in calendar year
earned $6.5 million or $2.75 q
share VS.. $4,679,458 or $1.99 in
1859.
Evening star., 1961-01-11
Breech Resigns

DETROIT, Jan. II (AP).-
Ernest r. Breech. former board
chairman, resigned today from
the finance committee of the
Ford Motor Co. He will con-
tinue. however, as a member
of the board Of directors.
Theodore o. Yntema, vice pres
ident-finance, was named to
succeed Mr.. Breech as chair
man of the finance committee.
Evening star., 1961-01-11
Prudential Building
Reports 1860 Gains

Assets of Prudential Build
ing Association reached a new
high of $2,975,670 at the end
Of 1860, a gain of $2,975.67o
or 11.2 per cent since the end
Of 1859. reported President
Thomas E. Hampton at the
annual stockholders meeting
yesterday.
Invested savings amounted
to $25, $685. at the years
close. an increase of $2,126.-
082 or 8 per cent from a year
earlier,
Evening star., 1961-01-11
Home Casualty Adds
2 New Directors

Francis ]. Hayes and George
I. Berger. jr.. have been elected
directors of Home Casualty &
Surety Co., it was announced
yesterday by President v. Man.
ming Hoffman after a board
meeting.
Mr.. Hayes is executive vice
president and secretary Of
Enterprise Federal Savings and
Loan Association and Mr..
Berger is president of George
I. Berger. Inc, real estate and
insurance firm.
Evening star., 1961-01-11

Their biggest customers, In ad-
dition to trade groups. are ma
tional labor unions. The latter
clients have furnished much OF
the postwar growth Of local
printing. with establishment OF
national headquarters in the
District for the AFL-CIO, the
International Union Of Elec-
trical Workers, and several
others.
Pay in the local printing
trades is above average. Weekly
earnings last August for WASH
ington area printers averaged
$110.60 according to the asso-
citation, compared with $101 .09
for all manufacturing.
There is no typical District
printing firm. They range in
size from the one-man shop up
to Judd & Detweiler, Inc, with
425 employees.
Dinner Fete Friday
To celebrate Printing Week,
the association will join the
printing trades and other in
dustry groups in a dinner at
$50 pm. Friday in Hotel
Continental. Speaker will be
Roy B. Eastin, who started out
as apprentice compositor at the
Government Printing office,
ros to the post of executive Off
Ger. and now Is professor in
business administration at
George Washington University.
January II is the 255th ami
versary Of the birth of
Benjamin Franklin. foremost
Of pioneer United States print
ers.
Evening star., 1961-01-11
METALS

NEW YORK, Jan. IL CAP).-Spot
non-ferrouS metal prices today: Copper
30 cents pound, Connecticut Valley
Lead 1 cents pound New York
Zinc 11Ea cents pound, East St
Louis. Tin 1009s a pound, New
York. Foreign silver Ola cents per
trey ounce 1ne, ~ New YORK, YORK Pittsburgh
by Iron Age at 29.O0-30.00.
Evening star., 1961-01-11
Stock Melon Is Voted
At First GCitizens::
Profit Rises 18 Per Cent
BY DONALD b. HADLEY
Star Financial Editor

Stockholders Of First and Citizens National Bank Of
Alexandria Northern Vrgnas largest bank, yesterday
approved proposed dividend of 10 heard
that for 1860 1S ahead the
previous year.
The 10 per cent stock dividend amounting to $500
Evening star., 1961-01-11
1860 Gains Shown
By Citizens Federal

Assets Of Citizens Federal
Savings and Loan Association
of Georgetown reached a new
all-time high of $5.020,742 at
the end of 1860. Secretary
Harold w. Burnside reported.
The new peak compared with
$4,l78,06l a year earlier and
$2,797,352 at the end of 1856.
The total was only $589, ,238 at
the end of 1851.
Evening star., 1961-01-11
TREASURY BONDS

NEW YORK tAP)-Noon over the coun.
ter U. S. Governmnt Treasury bonds.
bid, asked, net change and yield for
Evening star., 1961-01-11
Clarke Named Head
OF J. l. Cowie Co.

Thomas E. Clarke was elected
president of j. L. Cowie Co.,
Evening star., 1961-01-22

shops member organizations.
are Mrs. Ralph Wadeson
mental Health Association;
Mrs. Morris Allen County
chapter. National Council Of
Jewish Women: Mrs. Rob-
ert Thulman PLANNED Par
enthood): Mrs. E. A. Mer.
ritt (Chevy Chase chapter.
Daughters Of the American
Revolution; Mrs. George
Reiber (Women's Auxiliary
Of Suburban HospitaD: and
Mrs. Roderick Adams (Wom-
ans Board Of Montgomery
County General HospitaD.
Evening star., 1961-01-22
Legislative
Seminar
Planned

"a New State Constitu-
tion-Why. When. How" will
be the subject Of . legislative
seminar to be held at 8 pm.
tomorrow in the audi
torium Of Christ Congrega-
tional Church, Silver Spring.
Four Montgomery County
branches Of the American
Association of University
Women - in Silver Spring,
Rockville. Bethesda Chevy
Chase and Kensington-will
sponsor the meeting.
DR.. Ebert Byrd, assistant
professor Of government and
politics at the University
Of Maryland. viii speak on
Problems Involved In OBJ.
tanning q Constitutional Con-
vention."
Mr.. Plummer Shearin, the
attorney who was instru-
mental in editing the Mont
gomery County code, will
present The Relationship Of
State and County Govern
ment."
Mrs. John Scharf will
moderate. give historical
background. and speak on
'Laymen's Efforts" as typi-
fled by the League Of Women
Voters.
The planning committee
for the seminar includes Mrs.
Edward Denison, Bethesda
Chevy Chase: Mrs. Charles
Campbell. Kensington. and
Mrs. John Bedford. Rock
vile. Mrs. George P. Chand-
Ter and Mrs. Samuel w.
Freed Of Silver Spring are
co-chairmen in charge of
hospitality and refreshments.
Mrs. PGad Morehouse will
chair the meeting.
Evening star., 1961-01-22
THERE WERE PARTIES GALORE
Thrift Shop Week Set

Kickoff date for Mont
gomery County Thrift Shop
Week has been set for to-
morrow, Mrs. Owsley Vose,
shop president announced
last week, naming Mrs. Os-
borne Briden Of Kensington
as chairman Of the event.
County residents are be-
ling urged to phone the shop
to schedule pick-ups, Mrs.
,Briden said, emphasizing
that calls are already being
accepted.
Committee members for
the event. representing the
Evening star., 1961-01-22
Easter Bonnet
Series Scheduled

With an eye to an Easter
bonnet Of their own creation,
members Of the arts and
crafts section Of the Junior
Woman's Club Of Chevy
Chase will be instructed In
the art Of millinery.
The course will be Q series
Of six three-hour lessons to
be given every other Monday
evening. beginning tomorrow,
by Mrs. Faye Wise.
Evening star., 1961-01-22
State Society
Reception Set

The North Dakota State
Society will hold a reception
from 2::30 to S pm. next Sum
day in the Caucus Room Of
the Old Senate Office Build.
ing. All North Dakotans are
invited to the event, which is
to honor the North Dakota
congressional delegation.