davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-01-27
Esskoy Firm Plans
Public Stock Sale

Schluderberg-Kurdle Co. of
Baltimore. yesterday filed reg
.istration with the Securities and
Exchange Commission covering
the proposed offering Of its
first public financing consist
ing of 10000 shares Of nom
voting common stock.
Judging by the filing fee. the
maximum offering price would
be $28 a share. Alex. Brown &
Sons, which has offices in both
washington and Baltimore, will
Ehead the underwriting group.
The Baltimore firm sells its
meat products under the trade
name Of EsSkay and has ex-
,,tenSive operations in this area.
IT reported sales of $61.862. 900
and net earnings of $358.535 or
l$4.4S a share in the fiscal year
ended last October 80.
Net proceeds Of the stock
offering will be used for capital
expenditures on plant and
equipment,
Evening star., 1961-01-27
JerseyOiI
Net Rises

NEW YORK, Jan. 27 (AP).-
Standard Oil Co. New Jersey
announced yesterday that esti-
mated 1860 earnings exceeded
1859 by nine per cent.
President M. j. Rathbone said
earnings totaled $3.50 million,
equal to $3.18 per share, COM
pared with $500 million, or
$2.93 per share. the previous
year.
Sales were estimated at
$3.50 million. up from $s,714
million.
Mr.. Rathbone cited a world
wide increase of about five per
cent in petroleum sales as the
most important factor In the
earnings increase.
Gains in sales Of petro-
chemicals and natural gas
particularly in the United
States. and continued emphasis
on control Of operating costs
also were given as contributing
factors.
Evening star., 1961-01-27

Gross loans of Washington's s
three largest banks edged
higher in the week ended jan
uary l8 and were far above a
year ago, data from the Fed
eral Reserve Bank of Richmond
disclosed today.
The total for Riggs National
Bank, American Security &
Trust Co. and National Bank OF
Washington stood at $589, $685.
900 on January 10, compared
with $580,952,0OO a week earlier
and $524.892,000 on the like
date last year.
Deposits of $1,142,589, 600
were off slightly from $l,152,-
1000 a week earlier and also
were well above $1,083,5l8,000
a year ago.
Gains from a year ago were
enlarged somewhat by the year.
end merger of Anacostia Ma
tional into the National Bank
of Washington. However, in
clusion of Anacostia m the
1859 comparisons would add
only around $13.7 million Of
Evening star., 1961-01-27
Bethlehem
Sees Hints of
Better Duys

NEW YORK, Jan. 27 (AP).-
Arthur Homer, chairman of
Bethlehem Steel Corp, expect,
steel production this year to
run between 95 and 100 mil
lion tons.
Mr.. Homer made that esti-
mate yesterday at a news con-
ference, but it was based on
several assumptions. The most
important assumption was that
the economy would run at the
same rate as in the last two OF
three years.
Steel production in 1860 to-
tailed 80 million tons. This was
much less than Mr.. Homer's
forecast Of 100 million tons
made at the start of last year.
Mr.. Homer said there were
indications pointing toward ar
improvement in steel orders
but he wouldn't 60 so far as to
say there had been q definite
improvement. The situation
varies from week to week, he
said.
Bethlehem steel is in good
financial condition, Mr.. Homer
noted, although 1t has been
paying out in dividends almost
as much as it has earned in the
last two years.
I'VE haven't lost any
ground" he said. We're still
all right"
Bethlehem's working capital
at year end totaled 1856 mil
lion, compared with $725 mil
lion a year earlier. Cash
amounted to $478 million, COM
pared with $491 million a year
ago.
The Nations second largest
steelmaker reported net in
come Of $121,179,549, equal to
$2.52 a share, for 1860, COM
pared with $l17,235,859, or
$2.44. in 1859. Billings totaled
$2,178,120,164 in 1860 and $2,-
055, ,720.S50 in 1859.
Directors declared q divi-
dend Of so cents q share on the
common stock. payable March /
to stockholders Of record Feb
ruary 20.
Evening star., 1961-01-27
Changes Announced
BY Vitro Enqineerino

Vitro Engineering Co. yester.
day announced two top-leveI
staff changes in its Washing.
ton branch office.
Arthur G. Norris, Washing.
ton manager for the last five
years, has been transferred to
New York headquarters a
manager Of the proposals de-
partment.
Joseph MaZia has been
named his successor as man.
ager Of the Washington office
Mr.. Mazia has been chief en-
gineer Of the branch.
Evening star., 1961-01-27
Mount Vernon Bank
Reflects Directors

All directors were reelected
at the recent annual stock
holders meeting OF the Mount
Vernon Bank & Trust Co., 1t
was announced by President
Andrew w. Clarke.
Reelected directors were:
Mr.. Clarke. Donald E. Ball,
Charles J. Harnett, Arthur T.
Kelly. George c. Landrith, John
T. Martyr. jr.; Beverly C. May,
Donald E. McNary, John E.
Mcpherson. Louis G. Meltzer,
Nicholas C.. Miller, Charles B.
O'ShaughnesSy, Irwin Payne, jr.,
Walter L. Phillips. G.. c. Rus
sell, William H. Singleton and
John H. Verkouteren. All Off
GERS were reelected,
Evening star., 1961-01-27
advertising Group
Plans Capital Meeting

FThe Advertising Federation
OF America will hold its third
annual mid-winter Washing
ton conference at the Statler-
Hilton Hotel next Tuesday and
"Wednesday, January 81 and
February /.
Outstanding speakers will in
clude: James M. Lands, special
assistant to the President on
regulatory agencies; Under
secretary of Commerce Edward
Gudeman: Representative Hale
Boggs Of Louisiana; Repre-
sentative Bob Wilson Of Cali
fornia; William B. Murphy,
president of Campbell's Soup,
and Steuart Britt, author of
"The Spenders."
Evening star., 1961-01-27

School, has been promoted
from associate publisher to
publisher of American Builder
magazine, 1t was announced by
President Arthur j. McGinnis
of the Simmons Boardman
Publishing Co.
Mr.. Sparks was vice presi-
dent of Simmons Boardman
and business manager of Amer
lean Builder before becoming
assistant publisher. He is a
graduate Of Duke University
and served in the Army Air
Force and the Navy in World
War II.
Evening star., 1961-01-27
Three RAILWAYS
In West Agree
To Big Merger

CHICAGO. Jan. n (AP)-
Directors Of the Northern
Pacific, the Chicago, Burling-
ton and Quincy and the Great
Northern Railroads have agreed
to merge their lines into one
of the largest-if not the larg-
est-railroad systems in the
Nation.
The individual boards met
separately yesterday to approve
the merger plan, calculated to
save as much as $40 million a
year.
The proposed merger also
includes the Pacific Coast Rail-
road Co.. a wholly owned SUBJ
sidiary of the Great Northern,
which operates in the Seattle
area. The plan would consoli-
date yard and terminal facili-
ties in Seattle: Portland, Greg:
Spokane, Wash, and st. Paul,
MINI.
A 5-Year Program
A CB&Q spokesman said five
years would be required to in
tegrate the systems which he
called zone of the largest, If
not the largest. railroad sys-
TENS in the United States"
The arrangement will be
submitted to stockholders for
approval at annual meetings.
subject to authorization by the
Interstate Commerce Commits
sion. Filing Of a formal ap-
plication for ICC approval is
expected about February IS.
Under the merger plan, the
railroads will be Joined into a
company to be known as Great
Northern Pacific & Burlington
Lines, Inc. The corporation
plans to lease for 10 years the
Spokane, Portland & Seattle
Railway. owned jointly by the
Great Northern and Northern
Pacific.
$4,000 Miles Of Line
The railways included in the
unification and leasing plan
operate nearly $4,000 miles Of
line in II States and the Cana
dian provinces of Manitoba and
British Columbia.
First announcement of the
impending merger was made
last July. Since then, the COM
panies involved have been per-
fecting details of the corporate
form of the new company.
Under the agreement reached,
Burlington shareholders will
receive 3A shares of stock in
the new company for each share
Of Burlington. Great Northern
and Northern Pacific share
holders would receive stock in
the new firm on a share for
share basis.
In addition, GIN stockholders
would receive one-half share of
$40 par, 51a per cent nom
voting, callable preferred stock
for each share held.
It was announced earlier
that although the Burlington
System includes the Colorado
g. Southern and the Fort
Worth d Denver Railways,
these lines are not involved in
the plan. So ,-.-.-.. d. e.
Evening star., 1961-01-27
Biggs Furniture Co.
Given Merit Award

Biggs Furniture Co. Of Rich.
mond, Va, which has retail
showrooms here at 1890 Con.
necticut avenue NV, has re-
ceived an award for "ex.
ceptional merit" for its work In
handcrafting mahogany repro
ductions.
Mahogany Association Inc.
Nationwide trade organization
presented the award to C. S
James, vice president OF mar
keting for Biggs, at q dinner ir
Chicago recently.
Evening star., 1961-01-27
CHICAGO
LIVESTOCK

CHICAGO. Jan. ~ tAPI (UsDA.-
Hogs 5000: slow. butchers steady to
eS lower; sows steady: fair shipping
demand; complete clearance on all
classes; mixed grade l-2 and mixed
Ia 10000 Id. butchers Is.OO-lS. 40:
mostly l-2 200-2l5 lbs ls5O-ls.75;
mixed 2-3 and IS l90-230 lbs. 1850
1925; mixed 1-3 and mixed 2-3 800
26O lbs. 17.50-1S.25: mixed 2-3 and
rs 260-300 lbs. l7.00-l775 mixed
grade 3 and mixed 2-3 3OO-40O ID.
sows l5.26-16.25; mixed % and IS
400 $50 lbs, l425-l5.5O.
Cattle 500: calves none; not enough
steers, heifers. bulls or vealerS on sale
for a price test: small salahle supply
largely COWS, these strong; commercial
cows l5.25-l6.75; q few high COM
mereial and holstein and Swiss utility
cows 1900: utility cows l5.00-l675;
enters 14.60-16.00: Gamers largely
l3.0O-l4.75: few light shell Gamers
down to 200
Evening star., 1961-01-27
Zomoiski Co. to Show
1861 Whirlpool Lines

The Jos. M. Zamoiski Co.
will present 1861 lines of Whirl-
pool appliances at the firms
showrooms at 2122 Twenty
fourth place, NE. from 10 IN.
to 9 pm. on Wednesday,
February /.
Many new innovations will
include the modular electric
oven and the blanket of
flame"
Evening star., 1961-01-27
William Picco Heads
Mason Contractors

William Picco has been elect
ed president Of the Mason Con-
tractors Association Of the Dis
trict of Columbia.
Other new officers are: Je-
rome L. Young. vice president:
Paul Ponton, secretary, and
James Cozzens, treasurer.
The association is enlarging
activities to promote and en-
courage efficiency in masonry
construction and assist in train
ing apprentices in the industry.
Evening star., 1961-01-27
DONG Credit Union
Continues to Grow

The Federal Credit Union Of
the Office of Quartermaster
General had assets Of 81, ,298, ,755
on December 81, an increase of
100000 from a year earlier, it
was reported at the recent an
nual meeting.
Reelected directors were
Robert r. Beller. Ralph Bev-
erly, Lowell L. Henkel, Walter
w. Mcnamara. Josephine G,
Nealon, John w. Powers and
James U. Roberts.
Evening star., 1961-01-27
weeks auto total would be com.

weeks auto total would be COM
pactS.
Chrysler Corp. said today that
1t will shut its Hamtramck and
Imperial assembly plants here
for all Of next week. The shut
downs will idle 5000 workers.
Plants closed this week at
Newark, Del; st. Louis and Los
Angeles will reopen Monday,
the company said.
The Hamtramck plant as
sembles Valiants, Dodge Darts
and Lancers.
Evening star., 1961-01-27
Universal Marion Gets
S8,950,000 for Florida
Tract of 1900 Acres
BY DONALD b. HADLEY
Star financial Editor

Universal Corp, former Capital Transit Co., has
sold 1200acre Florida land development project for $780,
0oo announced today by President James Maney in
jacksonville. Fla.
the Tampa Hills land development project the
purchased the Manatee River Development
Evening star., 1961-01-27
Merger Plans OFF

ST. LOUIS. Jan. 27 (AP).-
Universal Match Corp. and
Universal Controls. Inc, to-
day jointly announced that
plans 70 ra proposed merger
have been Cancelled due to GER
tain legal and technical prob
lens.
Evening star., 1961-01-27
Boyne Sparks Reads
American Builder

Bayne A. Sparks, who lived
here for many years and is a
graduate Of Central High
Evening star., 1961-01-27
OVER COUNTER

Following prices furnished hv 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. Friday, January 81:
Evening star., 1961-01-27
TREASURY BONDS

NEW YORK AP)- Noon over the coun-
ter U. S. Government Treasury bonds.
bid, asked. net change and yield for
Evening star., 1961-01-27
MUTUAL FUNDS

NEW YORK CAP)
- National ASsocia-
ton Securities Deal.
Evening star., 1961-01-27

T. Partially tax exempt.
Evening star., 1961-07-06
MUTUAL FUNDS

NEW YORK CAP)l Var Pay TIA IT.;
National Associa- Cdn Ed sos 6.5i
tion Securities Deal Inv Resch 1895 14.5s
ers, Inc. Istel Ed 35.I3 1874
Evening star., 1961-07-06
Loan Probe Contempt
Drows$32, ,500in Fines

BALTIMORE, July s (AP)
"A former official of PhoeniX
Savings & Loan Association
was fined $4,000 and costs yes
terday in United States Dis
trict Court. here on contempt
charges. Three related COM
panies drew a total of $22, 500
in fines.
Saul Marshall, a New York
accountant. was found guilty
of criminal contempt for fail
ing to produce the records OF
Phoenix and other companies
that the Federal grand jury
has been investigating since
May.
Others fined in the case by
United States District Court
Judge R. Dorsey Watkins were
Great Eastern Mortgage Corp.
$4,000; Commercial Finance
g. Acceptance Corp, $4,000
and Maryland Fidelity Con-
Sultant Corp, $500.
The judge said Phoenix vii,
escape a fine if the records are
found to be complete.
In the two-day court hearing
it was disclosed that postaI
inspectors had sought to fino
out the hackers and companies
behind Phoenix for severa,
weeks.
Grand jury testimony read tc
the court indicated that Mr.
Marshall, Bernard J. Coven ano
Mac Fields, all of New York
Evening star., 1961-07-06

had active control of the as
sociation which operates five
branches here. Joseph D. Tyd-
ings, United States attorney,
said subpoenas had been is
sued for Mr.. Fields and Mr..
Coven, but authorities we're
unable to serve them up to
this time.
Phoenix is one of the So
called ti-Stock companies
that attracted the attention of
Maryland lawmakers in the
recent sessions of the Legis-
lature.
In pressing the criminal con-
tempt charges, Mr.. Tydings
said he was concerned with the
attitude displayed by Mr.. Mar
shall in past sessions of the
jury. He said whether the Gov
ernment gets the books and
records is not the primary rea-
son for the contempt hearings.
Evening star., 1961-07-06
Senior EIectronies Engineer.
EIeetrOnics Engineers

with experience in one Of The following oreas
Background in instrumentation, celebration,
laboratory fechniqueS and model fabrication
Military equipment experience desired.
3 years experience plus BSEE.
Evening star., 1961-07-06

vent up a tiny bit in May be-
cause of stiffening prices of
used cars, but prices of appli-
ances are down, new-car prices
are off a little, many other
prices are under pressure. The
prospect is for continuing rel
ative stability.
Nondurable goods: Holding
steady with some ups, some
downs.
Services overall: Still rising
but at a slower pace, which is
the big news. The average this
year may be only about 0.01
per cent a month, experts indi-
cate, against 0.02 per cent in
1860, 0.0212 per cent in 1859,
0.031a per cent in 1857. Mort
gage interest rates are down,
transportation costs and per-
sonal care prices are leveling.
medical costs are going UP but
at a dwindling rate.
Rents: Creeping up, but also
at a slower pace.
We can surely live with price
increases of this magnitude
with pleasure if at the same
time, our economy moves into
a cycle of a strong growth!
This is an achievement right
now-and let's be proud of it.
Distributed 1861 by The Hall syndi-
cate, Inc. All rights reserved.D
Evening star., 1961-07-06

as it was last November. This
statistic means that it costs
you $12.74 to buy the goods
and services that $40 would
have bought in the base"
period of 1947-49.
This is almost perfect price
stability. There hasn't been a
phase of price stability like this
since 1885 and the odds are
the phase will continue through
1861.
You simply must not ignore
this news, for it strikes at the
heart of your pocketbook, it is
of vital Importance to the
proper management of your
family finances.
Living Standards Rise
You must not underestimate
this price trend either, for it is
occurring while the level of
wages and salaries moves stead
lily higher-which means that
tens of millions of Americans
really are climbing up the
standard of living ladder now.
Actually, this trend should be
one of our proudest boasts.
We're not now living up to
our stated national goal of
maximum production. We're
not now living up to our stated
national goal of maximum en-
ployment, and thus our stated
national goal of maximum in
come.
We are, though, living up to
our unstated national goal of
reasonable price stability de-
spite scare talk that this years
moderate budget deficit would
set off a renewed initiation
Splurge and despite under
standable concern over a steel
price increase this fall.
At the year-end, the con-
sumner price index may not be
much higher than it is now,
even though any rise will put it
at a new peak.
Here's a more specific ap-
praisal of the price outlook:
Stable Food Prices Seen
Food: The food price index
is now at the years low due to
weakness in meat prices and
the slow pace of the increase
in food and vegetable prices.
Ample supplies and rough COM
petition for our dollar suggest
relative stability in food prices
will persist.
Durable goods: This index
Evening star., 1961-07-06
YOUR
MONEYS WORTH
You're Living q Price Ideal
~ SYLVIA PORTER

The rise in your cost of liv-
ing in 1861 will be the smallest
in many years.
Over the entire year the in
crease could amount to less
than 112 per cent, or even less
than l per cent-which is next
to nothing.
Right now you are living
through what is close to the
ideal of reasonable price sta
bility in our economic system.
The prices of goods and serv-
ices which a typical city family
buys are up only 0.09 per cent
from a year ago, according to
the Governments Consumer
Price Index. In May, the index
was at 1874, exactly the same
Evening star., 1961-07-06

Background in felemefry for military missiles
BSEE plus ; yearS appfcabIe experience.
Evening star., 1961-07-06

DUCNg7OUIIu NJ O1IT ana = Ut QWIeHTFde TOT
missiles. Teiemefry experience desired.
BSEE plus 3 years applicable experience.
Evening star., 1961-07-06

Background in field engineering at military
installations on eiecKonic ground support
equipment. Some design or manufacturing
experience desired. Musf be free for moderate
amount of travel. BSEE plus years experience.
Evening star., 1961-07-06
Banks

National City Bank of New
York's net operating earnings
in the first six months of 1861
amounted to $35,448, ,0Oo, equal
to $2.84 a share, VS.. $37 ,929, 900,
or $3.04 a share, in the 1860
period. June 80 total resources
were $3.50, ,0OO,O0O and deposits
were $7,456.000.0O0 VS.. $8,163,-
100000 and $6,875. 100000 re-
spectively, on March 81.
Morgan Guaranty Trust Co.
net operating income for the
first half of 1861 amounted to
$23, ,973, ,230, or $3.18 a share,
VS.. 26,896,257, or $3.57 share
in the 1860 period.
Net operating income of
other New York banks:
For 8 Months Ending June 30
Evening star., 1961-07-06

Background in elecronicS product engineering
Must be familiar and experienced with military
designs, fechniqHeS, design change order
procedures, proposals, and specifications
BSEE plus 2 years experience.
Evening star., 1961-07-06
Mellon Sells Shares

NEW YORK, July 6 (AP).-
Richard K. Mellon, a director
of Gulf Oil Corp, sold 40O,0 900
shares of capital stock in the
company June 20, the New York
Stock Exchange reported. The
sale left him with 1866, ,929
shares.
Evening star., 1961-07-06
Earnings

Corning Glass Works in the
"a weeks to June 18 earned
$10,671,9 1868, or $1.56 a year, VS..
$12.353,269, or $1.81 a share, in
the 1860 period.
Grand Union Co. in the Is
weeks to May 81 earned
1892. .020, or 80 cents a share,
VS.. $1,866,641 or 40 cents a
share in the 1860 period.
Other earnings:
For "a Weeks Ending June II
National Tea $1,000, 1853 $s.as4,811
For 6 Months to May 81
Drexel Enterpr 1,074.S70 1367.314
Fer snR5f FGf Year to April ;aH 20 @1'
Booth Fisheries 9l6.O50 J45.67I
| Per share 247 o5!
For IL Months to May ~
Central Ind Gas 905, ,252 1,OO1. 500
United Slhf iiiamin 5.55a.6ss Sjss 5.75oH'dYIaa
Per share ! so 1.75
West Mass Cos 4,1O2, 200 4.326,23t
Per share 1.5S /. SO
Evening star., 1961-07-06
BUSINESS
BRIEFS
Wholesale Food Price,


measured by Dun & BradStreet
rose to $5.94 from $3.50 last
week, representing a gain of
seven-tenthS of / per cent from
similar figure of $3.50 a year
ago. The latest figure is the
highest in two months but well
below the years high of $6.17.
The index represents the cost at
wholesale of one pound each of
81 foods in general use.
Electricity Production last
week was 1913, 900, 900 kilo-
watt hours, VS.. 14,87O,0 900
the week before and IA
GAG, ,000.0 900 in the corresponding
week of 1960-EdiSon Electric
Institute.
Business Loans by reporting
member banks in leading cities
in the week ended June %, in
creased by $54 million, raising
the total of such loans to $751;
756, 100000. This was $95
million lower than a year
earlier.-Fe ederal Reserve
Board.
Chase Brass & Copper Co., a
subsidiary of Kennecott Copper
Corp, has raised the price of
copper water tube and brass
and copper pipe by 3.5 to 7
cents a pound. Similar in
creaSes have been made by the
Lewin-Mathes division of Cerro
Corp.
Emerson Radio g. PhOnO-
graph Corp. reported June
orders of television and radio
sets were the highest for any
June in the past seven years.
The figures we're not disclosed.
Evening star., 1961-07-06
Design Engineers

Experienced design engineers, at the Project
Engineer and Assistant Project Engineer level
with a minimum of a BIS, ME-, or Aero. E.
degree are wanted for work on missile re-erfry
vehicle and related mechanical ground
support equipment.
Special ability in one or more of the following
areas will be required: Stress analysis,
Vibration Analysis, ThermodynamicS,
AerodynGn1icS, Heat Transfer, Reliability
Weight Control and Selection of Materials.
The Farmville herald. (Farmville, Va.) 1957-current, 1961-04-21
Girl Scouts Enjoy
Cookie Making

PROSPECT, April 20 M The
Girl Scouts enjoyed having YEP
co home economist, Mrs. Au-
drey S. Robinson, demonstrate
making candies last week at the
home of Mrs. Louise Doss.
Mr.. and Mrs. Bob Wilkerson
and sons. Tyree and Wayne. Pa
tricla and Pat Bentley and Mrs.
j. H. Wilkerson were week end
guests of DR.. and Mrs. M. E.
Wicker in China Grove, N. C.
The latter Mrs. Wilkerson re-
manned for a two-wek vacation
with her daughter.
Mr.. and Mrs. Jimmy Southall.
Of Richmond, were Sunday guests
of her parents, Mr.. and Mrs.
John A. johnson.
Sp. Willis Foster, who is sta
icned in Germany, is spending
a few days with friends in Lux
embourg, on his way to Paris.
while on a l4-day leave.
Mrs. c. w. Bishop has returned
to her home in Lynchbrrg after
visiting her niece, Mrs. Charlie
Lucado, and Mr.. Lucado, re-
Gently.
Mr.. and Mrs. Russell New
some, of Arlington, and Billy
Young. of Richmond, were week
end guests of their mother, Mrs.
The Farmville herald. (Farmville, Va.) 1957-current, 1961-04-21

her was given a special party by
the Library Club.
A mystery book and author
contest and also jun b | e d
author contest were also part of
The weeks program.
On Wednesday, the highlight
Of the week, was the assembly
program, a parody of Groucho
Marx, entitled, You Bet Your
Life. You Better Wake Up and
Read The faculty and Library
Club members were the contes-
tants. The principal, o. E. Ware,
Mrs. Betty Ware, Mrs. Elizabeth
Henry and Mr.. Starting repre-
sented the faculty, with Francis
Rasnake and Sharon Hammer
representing the club members.
Jimmy Neale, Stuart Lawson,
and Marshall Henry were the
hosts.
The Library Club, consisting of
about 25 members, headed by
Mrs. Mary Barksdale, with Shir-
ley Howell the acting president.