davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-12-27
Payments Deficit Rises
Again in Sd Quarter

sharp dip in the inflow Of for
eign capital.
"The rise in merchandise i'm
ports" the department said
apparently reflected a Jagged
reaction to the increase in bust
ness activity and a replenish-
ment of inventories which had
been drawn down earlier in
the year.
Imports of merchandise in
creased to $40 billion in the
third quarter from $3.4 billion
in the second quarter.
Foreign purchases of United
States corporate securities and
commercial credits dropped
sharply, in contrast to the pat
tern which normally would be
expected at a time when Ameri-
can business is rising and for
eign economies are expanding
more slowly. The department
said:
1T is reasonable to assume
that this change was temper
airy only and that foreign in
veStment here will expand
again."
Short term American invest
ments abroad in the third
quarter was put at 1929 mil
lion. on an annual basis. This
compared with $1l5 million in
the preceding three months
At the same time, long term
portfolio investments dropped
from 1920 million to $l39 mil
lion.
Evening star., 1961-12-27
CHICAGO :.
LIVESTOCK

CHICAGO. Dec. - (AP) tUsDA.-
Hogs II 900; supply oyerran early
lower; soWs, % to 80 lower; good
shipping demand; mostly l-2 l9O-225-
lb. butchers, 1S.00-1S25: los head,
- around 200 lbs, 1885: mixed, / 3,
1870 I,90-25O lbs -17;ooo1s.O0; 2;3. @40-
I6;I5-1I6.550; mixed. ia, 3@5oo4O07ib.
1";50.i4.O0i bosrs. l2.0O-13;OO.
Cattle, 10000; calves, 100: trading
slow; slaughter steers steady to 80
lower. mostly % to 80 lower: heifers.
steady to % lower; cows. steady to
25 higher: best demand for Gamers
and cutters; bulls, steady to strong
vealers, study; no early sales stockers
and feeders: half dozen loads
mostly prime, 1.200-l .350-lb. slaughter
steers. $500; bulk choice and mixed
choice and prime. 950-l 400 lbs,
25.00-27.75: numerous loads high
choice and mixed choice and prime
20. 50-21 .25; load lots mixed good and
choice 24.50-25.25; bulk good. %. 90
$500: loads and lots utility and
standard. l9.50-22.75; load mixed high
choice and prime heifers, 1925: several
loads choice and mixed choice and
prime, 25.75-26.00: bulk choice. 24.25-
$3.50; good largely, 2.50-24 25: com
mercial cows. l5:25-16.75: utility
14.00-15.75; cutters, 13.75-15. 90;
Gamers. 12.00-l4 90; utility and com
mercial bulls, 19.50-3l 80; standard
and good vealers, la.00-25. 90
Evening star., 1961-12-27
Revere Furniture
To Move in Week

Revere Furniture & Equip
ment Co. at 507 Eighth street
Sc. plans to begin moving its
entire operation within a week
into new headquarters at $50
Upshur street NV.
Kogod-Dubb- Revere, Inc, 38-
year-old specialists in office
and business equipment and
fixtures. is making room for the
newcomer in the UpShur street
building. The two organiza-
tionS merged last March.
Benjamin D. Kremen, Revere
treasurer and comptroller, said
the Upshur street three-story
building is being completely re-
modelled. Revere Furniture is a
contract specialist form in in
terror design and furnishing of
hotels and other institutions.
1t will maintain its own staff
of management and employees,
but will refer customers to it's
partner firm for other services.
Evening star., 1961-12-27
Fa||sChurch
Bank Elects
E.F. Sherwood

Edwin F. Sherwood has beer
elected president of the Security
National Bank in Falls Church
Va, Board Chairman John w
Gibson announced today.
The new 52-year- -old president
comes to Security National from
Clarendon Trust Co., where he
served as vice president. Before
that he was with the Arlington
Trust Co. for more than sc
years. rising thorugh various
positions to senior vice presi-
dent and a director.
Anative of Northern Virginia
Mr.. Sherwood is we'll known in
the States banking fraternity
and has been active in many
civic and service organizations
including the Arlington Cham
ber of Commerce, Arlington
Alexandria Health and Tuber-
culosis Association. and Lions
Club.
Mr.. Sherwood lives at 4219
BrookSide road, Mclean. He
will assume his new duties
Immediately.
Security National opened in
June, 1860.
Evening star., 1961-12-27
BUSINESS BRIEFS

Business failures in the week
ended December 81 totaled 173
compared with BOG in the pre-
vious week and 253 in the like
week a year ago.-Dun g. Brad
street.
Wholesale Food Index, based
on the cost of a pound each Of
81 foods in general use, this
week advanced to $5.98 from
$5.97 last week but was 29%
below the like week a year ago.
Dun & Bradstreet.
Life Insurance purchases In
November totaled $6,671 ,O0O,-
900, bringing the 11-month to-
tai to $70,661 900, 900 compared
with $67,153, 900, 900 in the 1860
period.-Life ms. Agency Mgm.
Assn.
Pullman, Inc, announced 1t
and two Of it's subsidiaries and
two other corporations have
been selected by the govern
ment Of Pakistan to build a
$136.5 million steel plant in
PakiStan.
Evening star., 1961-12-27
Empire State
Building Sold
ToPrudentiuI

NEWARK, N. j., Dec. 81
(AP) The Empire State Build
ing, the worlds tallest Struc-
ture, was sold today for $65
million to the Prudential In
Surance Co. of America.
Prudential, simultaneously
granted control of the 1922 story
New York skyscraper to Empire
State Building Associates, an
investment syndicate headed
by Lawrence A. Wien, a New
York lawyer and real estate op-
orator.
Prudential paid $29 million
to the seller, Henry Crown of
Chicago, principal stockholder
of the Empire State Building
Corp.
Mr.. Wien's syndicate paid
$36 million to Mr.. Crown, COM
pleting one of the most complex
real estate deals in history.
In 1851, Prudential paid SIT
million for the land on which
the building stands.
Mr.. Wien's 114-year lease
hold gives him the right to
rent office space and to con-
troll the operation of the OBJ
servation roof and television
tower. The Empire State, a
symbol of New York, crosses
about $14 million a year.
The sale was made at Pru-
dential's headquarters in New
ark.
Evening star., 1961-12-27
Earnings

Atch., Top. & st. Fe Rwy.
in IL months ended November
80 earned $42,503,2O8 or $l.51
a share VS.. $39, 9,729,49s or Sl.40
in 1860 period.
Erie-Lackawann R.R. in IL
months ended November 30 had
a loss Of $25, ,939,508 VS.. a loss
Of $16,l29.174 in 1860 period.
New York Central R.R. in II
months ended November 80 had
a loss Of $15,878,705 VS.. a loss
of $2,089,218 in 1860 period.
Am. & Fgn. Power g. Subs. in
IL months ended September 80
earned $l1,124,273 or $1.52 a
share VS.. $10,466,401 or SLAB
in 1860.
SeabOard Air Line R.R. in II
months ended November 80
earned $10,6l2,236 or $2.19 a
share VS.. $12,967,8 1892 or $2.6S
in 1860 period.
Reading Co. in II months
ended November 80 had a loss
of $6,299,339 VS.. earnings OF
S1,145,586 in 1860 period.
Chi, r. /. g. Pac. r. r. in II
months ended November &c
earned $4,838,975 or $1.65 q
share VS., $4.694,975 or $1.57 in
1860 period.
Gulf, Mobile & Ohio r. r. in
II months ended November 80
earned $2,460,152 or $2.11 a
share VS.. $1,483, ,695 or 81 cents
in 1860 period.
American Distilling in year
ended September 80 earned
50, ,480,799 or $3.50 a share VS.
$2,275,373 or $2.38 in 1860.
Evening star., 1961-12-27
Postmen Bringing
u. S. Tax Forms
BY the Associated Press

Federal income tax form S
and instruction booklets are
being mailed to more than 81
million taxpayers.
The Internal Revenue Serv-
ice says the mailings will con-
tinue until early next month.
Limited supplies of the forms
are available now in district
IRIS offices and will be avail
able in quantity after jan
uary l.
Five separate packets of vari-
Gus forms and instructions are
being distributed on the basis
of returns filed in the past by
individual taxpayers. Those
who last year filed Form
1040-W, which has been dis
continued. will be sent the re-
vised Form 1040, which has
been cut down and simplified.
Evening star., 1961-12-27
Record Gains Posted
By Mucke Vendinu

The Macke Vending Co. today
reported record increases in its
sales, net income and share
holders equity for the fiscal
year ending September 80.
Aaron Goldman, president,
said sales rose to $20.4 million
from $14 million the previous
year. Net income totalled $751;
355 or 58c per share this year,
compared to 1922 500 or 53c a
share last year.
Shareholders equity showed
a substantial increase to 1928
a share on September 80 from
S4.92 on that date a year
earlier. Mr.. Goldman said sales
probably will exceed the cur
rent annual rate of $50 million
by a healthy margin in 1862,
The company's annual meeting
of stockholders will be held
February 20 at II am. in the
National Bank of Washington.
Evening star., 1961-12-27
BY the Associated Press

The United States balance of
payments deficit for the July
September quarter has been
calculated at an annual rate
of Just under $3.l billion-up
from $1.9 billion three months
earlier.
This report, issued by the
Commerce Department, was in
line with preliminary estimates
announced a month ago.
The payments deficit repre-
sentS the difference between
the amount which Americans
spend, lend, invest and give
away abroad and the lesser
amount received from foreign
sources.
The deficit gives foreign
governments and central banks
dollars which they may use to
buy American gold.
Last years record deficit of
$3.9 billion was accompanied
by a record SIT billion loss of
gold. The annual rate OF the
deficit fell to $1.4 billion in the
first three months of 1861, then
began climbing again.
Officials expect no marked
improvement during the cur
rent quarter and say the rate
may move still higher.
The third quarter increase
was attributed largely to large
imports of merchandise and a
Evening star., 1961-12-27
Association Adopts
LiberuIized Rules

Metropolitan Federal Savings
& Loan Association of Bethesda
today adopted two provisions
of liberalized rules announced
yesterday by the Government.
The Metropolitan board OF
directors, moving rapidly on
the heels of the announcement,
approved payment of dividends
from the first of the month
when received on or before the
Goth of the month.
The board also approved pay
ment of dividends on amounts
withdrawn from savings ac-
counts between dividend dates.
The associations dividend dates
are December 81. March 81,
June 80 and September 80.
Mrs. Jessie Hillergrand, eX-
ecutive vice president. said
Metropolitan already has in eff
feet a third rule announced yes
terday by the Government,
which would permit payments
of dividends on quarterly
basis in states where this is
not prohibited.
The Federal Home Loan
Bank Board said its new rules
were to help Federally-char-
tered savings and loan aSsocia-
tionS meet stepped up competi-
ton from banks. None of the
rules actually affects the legal
rate Of dividends.
Joseph P. McMurray, chair
man of the Home Loan Bank
Board, said the moves also were
designed to minimize the ef-
feet of higher dividend rates
and the resulting increase in
costs of mortgage money for
home construction.
Other liberaliZed rules an
nounced by the board would:
Permit Federal associations
to pay quarterly dividends, even
when prohibited now by State
law, starting July l, 1868.
Authorize S & LIS to deter
mine on their own the mini
mum amount which can earn
a dividend.
In an unrelated action, the
Suburban Savings and Loan
Association, with offices at
Bailey's Crossroads and An
nandale, Va, yesterday said it
had approved paying quarterly
dividends beginning January l
The move was made by directors
prior to the Home Loan Bank
Board announcement.
Evening star., 1961-12-27
Kennedy to Address
Purty Dinner Jan. 20
BY the Associated Press

President Kennedy will ad.
dress a Democratic fund-rais-
ing dinner to be held at the
National Guard Armory or
January 20, Democratic Ma
tional Chairman John NJ. Bailey
said last night.
The dinner, to be held on the
first anniversary of Mr.. Ken
nedys Inauguration, is a $780,
a-plate affair being sponsored
jointly by the national commit
tee and the Senate and House
Campaign Committees.
Vice President johnson and
former President Truman also
have been invited to speak, Mr.
Bailey said.
Evening star., 1961-12-27

Kelsey-Hayes Co. in 3 months
ended November 80 earned
81 ,239.417 or 83 cents a share
VS.. $1.321,819 or SO cents in
1860 period.
MasOnite Corp. in 3 months
ended November 30 earned
81, ,l02,505 or 68 cents a share
VS.. $1,001,864 or 62 cents in
1860 period.
Evening star., 1961-12-27
Larry Nathan Lists
TIPS to SoIesmen

Today'S clothing salesman
must combine psychology with
his knowledge of fabrics, ac-
cording to an article by Larry
Nathan, president of Bruce
Hunt, Inc. in Washington, in
the current publication of the
international Association of
Clothing Designers.
Among tips to salesmen by
Mr.. Nathan: Show a client the
right kind of garment for his
personality, whether he's a bar
rel-cheSted extrovert or has an
intellectual'S slouch. Size UP
the image" a customer pro-
jects, and use clothing to en-
hance it,.
Evening star., 1961-12-27

The ceiling on such accounts is
now 3 per cent but jumps to 4
per cent on January l.
Robert C. Baker, president of
American Security, said the
bank will also increase the rate
to 3l2 per cent a year for bal
anceS held under year, for
amounts between $l00 and
$4,000.
Amounts over $4,000 will
earn 2l2 per cent rate, begin
ming January /.
The top 4 per cent rate will
be paid on balances between
$l00 and $4,000 that are on
deposit next April /, or received
during the first 10 calendar
days of that month. and kept
on deposit through March 81,
1868.
The 4 per cent was actually
arrived at by adding a bonus"
of p per cent to the new 3l2
per cent.
American Security will COM
pute interest on the low bal
ance in each full calendar quar-
ter and will be credited to the
depositor's account on April l
and October l each year. De-
pOsitS made in the first 10 days
of each calendar quarter will
be considered received as of the
first day, the bank announced.
Other District banks which
also have gone to the new 4
per cent maximum are the First
National Bank and the Indus
trial Bank of Washington.
Evening star., 1961-12-27
JobIess Benefits
Rise in MARYLAND

BALTIMORE, Dec. 81 (AP)
The Department of Employ
ment Security paid $2.8 million
in benefits to jobless Maryland
erS during November, an in
crease Of III per cent over the
amount paid in October.
Stephen C. Cromwell, execu-
tive director of the department,
said the increase reflected scat
tered seasonal layoffs in apparel
and the usual seasonal termina-
tion of canning operations and
the curtailment of seafood ac-
| tivity.
Evening star., 1961-12-27
Employment Seen
As Stable in 1862

Employment is expected to
remain stable in Washington
area business and industry dur
ing the first quarter of 1862
according to survey by Man.
power, Inc, personnel agency
here.
The agency said IS per cent
of businessmen interviewed ex-
pect present levels of employ
ment to be maintained through
March. Eight per cent felt it
would increase, and 7 per cent
predicted a drop.
Evening star., 1961-12-27
Bradley Co. Plans
Chonqe of Name

The Bradley Co., Inc, is
changing it's name to Bradley
Electro Sales Corp. and divorc-
ing itself from its parent firm
in Philadelphia effective jan
uary 2.
G.. w. Schaffner, president of
the materials brokers, said no
changes in personnel are con-
templated. The firm, located at
212 H street NV. sells elec-
trical construction materials to
contractors, public utilities and
Government agencies.
Evening star., 1961-12-27

Sc cents a share paid on old
stock prior to the split.
Quarterly dividends also were
paid on three classes of pre-
ferred stock as follows: $1.06A
a share on the $4.25 series
serial preferred, and $1.15 a
share on the $3.50 convertible
preferred.
All dividends will be paid
February l to stockholders at
the close on January 10.
Evening star., 1961-12-27
Washington Gas
Declares Dividends

Directors of Washington Gas
Light Co. today declared a
quarterly dividend of 33 cents
a share on common stock which
recently was split 2 for l.. The
dividend was equivalent to the
Evening star., 1961-12-27
VISIBLE GRAIN

CHICAGO, Dec. ~ (AP).-The Board
of Trade reported that the visible sup
ply of wheat in the United States de-
creased 3,S07 900 bushels last week
to 46l $4,000 bushels. Corn in
creased G6l 900 bushels to 92,271 900;
oats decreased 534 900 to 22.967, 900;
rye decreased $4,000 to 6,56S.00:
barley decreased 1908, 900 to 22,479,-
600; soybeans decreased 1,0S4,000 to
26,977,O00.
Evening star., 1961-12-27
ASGT Plans to Raise
Interest on Savings
To 4 Pct. Next April
BY TRUMAN r. TEMPLE
Star Staff Writer

The American Security Trust Co., second largest bank
in Washington today announced will increase its interest
rate to per cent for savings accounts held longer
beginning next April.
The bank is the third the District advantage
Of recently beazed rules by the Federal System
Evening star., 1961-12-27
OVER COUNTER

Following prices furnished by the Ma
tional Association of Securities Dealers
in Washington represent the range within
which locally active securities could have
been bought or sold at | pm. Wednes-
day, December ~:
Evening star., 1961-12-27
IMmlivm1M auuoAamoe

evidence of its advanced engineering And you look
around you at its spacious luxurious interior, you
realize that only Fleetwood could put such elegance
into fabrics and appointments revelation drive in
1862 Cadillac will surely spoil you for anything less.
Evening star., 1961-12-27
TREASURY BONDS

NEW YORK (AP)- Noon over the coun-
ter U. S. Government Treasury bonds,
bid, asked, net change and yield for
Evening star., 1961-12-27
FOREIGN
EXCHANGE

NEW YORK. Dec. - (APl.-ForeiSn
exchange rates tGreat Britain) and
australia in dollars, others in cents
and decimals Of a cent?:
Today Prev. DAY
Evening star., 1961-12-27
METALS

NEW YORK, Dec. 27 (AP).-Spot
nonferrouS metal prices today: Copper
81 cents a pound. Connecticut Valley.
Zinc IL cents a pound. East St Louis.
Tin l.20h a pound. New York For
eign silver 1.0424 per tryo ounce, New
York Pittsburgh scrap steel No
heavy was quoted by Iron Age at 1900
SO 90.
Evening star., 1961-12-27

T Partially tax exempt.
Evening star., 1961-12-27

Your first drive in a Cadillac is truly revelation
You discover world of motoring excellence you
knew existed. You Immediately of
the superb craftsmanship that its miraculous
quiet Its efortless handling and brilliant response
Evening star., 1961-12-24

1870 % DAVID BRINKLETs JOURNAL.
Public Affairs. Color.
q Mr.. LUCKY.
Detective. John viyan stars. tRepeat)
HOO q NEWS AND LOCAL NEWS.
Color Harkness. Rash.
@ PM EAST.
Variety Interviews ! Hour.
q ELEVEN O'CLOCK FINAL.
ABc News Final. Commentary. J. Nc
Caffrey Weather, /. Allen. Sports.
S GiImartn. Local news, H. Wilson.
q II Pm. REPORT.
News Weather, Sports and TV Editorial.
Ills q WEATHER. SPORTS.
Color. Forester. Simpson.
ll:2o q THE LATE SHOW.
Movie l Hour, so Minis. Love Let
ters" 1895 Drama of an unusual
romance Of World War H. Jennifer
Jones. Joseph Gotten.
lips q ENTERTAINMENT NEWS.
Color. Gene Archer reporting.
ll:3o q JACK PAAR SHOW.
Variety. ia Hours. Color.
q FIRST-RUN MOVIE.
approximately Hours. "Yaqu Drums"
1857 Mexican bandit aids man
searching for the murderer of his
brother Rod Cameron, J. Carol Naish
1900 @ Pm WEST.
Variety Interviews.
1890 @ NEWsBEAT.
100 q INSPIRATION.
l:1o q THE LATE, LATE SHOW.
Movie / Hour, 20 Minis. "Dr. KiIdare's
Strange Case" 1910. Lew Ayres.
1:3o CD WORLD NEWS.
lbs Cd DAILY WORD.
2:30 q MEDITATION. WEATHER.
Reqion Prayer by various faiths.
Evening star., 1961-07-09

Boys Perfect Quality Denim Jeans z for So
make denim blue jeans with double knee and bar
tacking at all points of strain Sizes to IL in the group
Misses and Women's Slips and Gowns z for So
med with lace 3244 in Waltzlength lacy gowns 80
to 40 in group.
Misses and Women'S Cotton Sleepwear z for $3
Cool cotton Baby Dolls and waltzength gowns
soft paSes and dainty prints Sizes small medium and large
in group.
Super Sheer Seamless NYlOn Hose for 81
40O-neede 15dener hose in plain and micro
Fattering comfortable Tan and neutral shades Sizes
812-1O1a in group.
Misses and Women's Cotton DuSierS l99
cotton busters with tailored Mandarin
collars sleeves and deep pockets Printed with piping trim
Misses Washable Cotton Skirt l.ss
Styles galore including pnclsm sheaths whry skirts
full of impressed peats PaidS prints and solid coo Misses
sizes in group.
Women's Matched Plastic Luggage ca. 81 plus tax
Choose from cases. overnight and pulmans of
charcoal blue heavy vnyl plastic moulded frames All
lined.
Mems Cotton or Rayon Stacks pr. 81
and reguars in the group Ivysyled polished cot
and rayon dress pants Many coor Waists 29S8 in
the group.
Mems Assorted Swim Trunks l.99
reversible models quckdyng fastcoo cottons
Solid coors and printed patterns Sizes to XII in the group
Mems Assorted Cotton Paiamas 1893
Irregulars grade MILDLY styles in wide
choice of patterns and colorS Sizes B. and in the
Evening star., 1961-07-09

WashabIs seIid&
color end printed !
cotton skirts in ct
variety Of styles.
Misses sizes in
group.
Evening star., 1961-07-09

Sleeveless Summer
styles and od- a
Vanee Fall cottons
for kindergarten
lqisr on. l-6x in
group.
Evening star., 1961-07-09

Boxer-styIsd cot ~
tons with nYIon =
web lining. Many
styles and eolors.
Sizes 2-s in group.
Evening star., 1961-07-09

shorts psdoI n
PUshers. sun suits. ~
romperalIs andT
b o m eT ellis of
sturdy cotton. g.
6x in group.
Evening star., 1961-07-09

Adorable dresses
for boby girls ond ~
dioper sets for
b OF h. Assorted
styles and eolors.
6-24 mos. in group.
Evening star., 1961-07-09

Assorted pIoids1
and selid eoIers. ~
Full cut, well tai
lored Jamaiecs in
misses sizes.
Evening star., 1961-07-09

laee-trimmed ond tailored
styles. Bond or elosiie legs.
White and pastelS. S 10 xL
in group.
Evening star., 1961-07-09

Full-foshioned 6o.souee. IS
denisr nylons with dark or
self seems. Sizes sH2-lol2
in group.
Evening star., 1961-07-09

A wide variety OF a
Summer eottons in
styles for morning
or 1ll-doy wear.
Assorted sizes.
Evening star., 1961-07-09

Perfects and irregulars in each group. {
Short sleeved dress shirts in white. q
Short sleeved sports shirts in many
patterns and colors. Both with reg
ular or button-down collars. Knit
shirts with boat-neck or plaquet COL
lars. All sizes in group.
Evening star., 1961-07-09

J; J: ,; J ; =; : e: !: !: +: :: =: =: !: !:
White wash NJ
wear embroidery =
trimmed cotton
slips in several
styles. Sizes 8 10
IA in the group.
Evening star., 1961-05-09
FASHION
NOTEBOOK
By ELEM
Why Not q TRAVELLING
United Nations ShoW2
By ELEM

no reason to believe that
fashion cannot help in some
way with the economic prob
lens of many of the coun-
tries.
There are countries that
have yet to touch the re-
sources of their people. The
fashion world should be a
market for all the talented
peoples of the world who may
embroider, create beautiful
fabrics, make lovely jewelry.
or who work in any allied
fashion field" he says.
The mention of the visit
to Washington Thursday of
Christian Dior's designer,
Marc BOhan, whom Luis
knows, inspired him to say
Bohan would have to "be out
of his mind" to want to be
put on the design pedestal at
Dior. after what they did
to Yves St. Laurent, the
whole world should take no.
tice of how a powerful house
can make or break a de-
Signer. 1t was without a
doubt the most irresponsible
handling of a talent I have
ever seen," said Luis, who at
one time studied in Paris at
Jean Patou.
Designer Bohan, currently
the fair-haired boy of the
fashion world, will be the
honor guest at a luncheon
given by Madame Alphand
at the French Embassy. With
him will be Christian Dior
Director, Jacques Rouet, who
is beaming at the commercial
success this season of Bohan,
not only with the Houses
private clientele but with
manufacturers here and
abroad.