davidaulloa/AmericanStories huggingface dataset:
The Kenai Peninsula cheechako news. (Kenai, Alaska) 1960-1985, 1961-11-10
CHURCH NOTICES

CATHOLIC CHURCH SUNDAY
MASS SCHEDULES: kenai. 8
am. at Our Lady of the An
gels Church; Soldotna, II am,
az Village Shopping Center;
Wildwood, a pm, at Wildwood
Chapel. 54-bc
THE CHURCH OF JESUS
CHRIST OF LATTER DAY
SAINTS meets at soldotna
Community Center. Services
Sunday at 1900 pm. Everyone
invited. 46-be
Leaving for New Jersey
SOLDOTNA- Mr.. and Mrs.
Edmond Mallette. who live be-
tween Soldotna and Kasilof, are
packing up and preparing to re-
turn to New Jersey, their former
home state.
The Kenai Peninsula cheechako news. (Kenai, Alaska) 1960-1985, 1961-11-10

News want ads get good re-
suits at small cost.
Evening star., 1961-01-05
CHICAGO
LIVESTOCK

CHICAGO, Jan. s ZAP, CusDA).-
Hogs 1900; moderately active. butch.
ers generally steady: sows % higher;
GOOD shipping demend mixed Grade
- and mixed 1-3 190-22O lb butchers
1S.00-1e.50: AZ head mostly 1-2 $50;
mixed 1-3 and % 220-240 lbs 1926
1925: mixed 2-3 and IS 240-270 lbs
16.75-l7. 80; mixed 2-3 and IS 270-
900 lbs 10. .25-17. 90; mixed grade 1-3
and mixed 90 3O0-400 ID sows - .00-
1913: mixed "a and 3s 400-550 lbs
13.00-14. 90.
Cattle $500; calves 100; slaushter
steers steady to so higher; heifers
strong; cows steady to- 25 higher;
bulls 25 to so higher: vealers and
stoekers and feeders steady; load lots
choice and prime 900-1 400. ID steers
i,4b0 lbs 20. so: mixed good ana choice
26.00-27 so; good 25.25.26.75 utility
and standard 21.00-34 .25; mixed
choice and prime heifers 27.50-2S.00:
utility and standard 16.00.23.0O: util-
ity and commercial cows 15.00-17 90;
Gamers and cutters 12.00-l5.75: util-
ity and commercial bulls 1S.00-21 90;
good and choice vealers 81 00-35.0O
culls down to 1900; several lots good
and mixed medium and good S50-950
ID feeding steers 2225-24 so: o load
Of good $40 lb stock steers 25.25 q
load mostly good 800 lbs 24.OO; a load
mixed good and choice 900 lb feeding
steers o4Tb F"
Evening star., 1961-01-05
Eastern Building
Assets at New Hioh

William N. Payne. jr., presi-
dent. Eastern Building and Loan
Association, announced assets
Of $35,l53.043 on December 80,
compared with $30,079, ,267 a
year previous, establishing a
new high record.
Mortgage loans totaled $31,-
602.52l against $26.6 6.605,466 a
year ago. Savings snare ac-
counts totaled $30,645,713
against $25,809,5 $40: reserves
aggregated $2,754,396 con-
trasted with $2,630,252.
Mr.. Payne said the board of
directors declared a dividend of
Az per cent per annurn on a
semi-annual basis beginning
January ] of this year. Eastern
paid AZ per cent for the full
year Of 1860, he recalled.
Evening star., 1961-01-05
TwoOfficioIs>
Appointed at
Barber & Ross

Davis Crickenberger has beer
promoted to executive vict
president Of Barber g. Ross
building supply firm, and Eu.
gene s. Petrenko becomes gen.
eral sales manager.
The appointments were an
nounced by President S. Ross
Lipscomb.
Mr.. Crickenberg formerly
was vice president in charge oi
finance. Mr.. Petrenko recently
left an assignment as managing
director Of one of the world.
largest management consultant
firms, with Offices throughout
Europe, Mr.. Lipscomb said.
Albert J. Renner, jr., former
manager of the company's
packaged homes division, has
become production manager
Robert w. Middleton, former
manager Of the millwork divi-
sion, has been named head oi
the purchasing department.
The company employs 23O
persons.
Evening star., 1961-01-05

Blended whisky has seen .
puzzling trend, too. It en-.
joyed sales Of about million gal.
Ions in 1899, or SO per cent oi
the market in all whistles. II
hit q peak OF 1853 million gal
Ions in 1916, about SO per cent
of the market. and has skidded
ever since. Two years ago "A
million gallons were sold, Q
fraction over 81 per cent Of the
market, with the balance taken
up by the so.called straight
whistles.
Some think the calorie count
in o diet-conscious era has
hurt rum. This is actually
negligible; there are ITO ca
lories In o jigger Of rum vs.
105 for gin, ITO for Scotch, I25
for whisky.
Aided by his wife, Zelda,
who is secretary-treasurer. and
son. Herbert. vice president,
Mr.. Rothberg maintains an
inventory whose value rises to
more than $275.000 during the
holidays. not counting other
warehouse stores. About q NTH
of this is In wines, Q speciality
Of the company.
Born In Philadelphia 56 years
ago, the owner actually started
out In the grocery business but
with some understatement ex-
plains. AFTER repeal I figured
this might be q good business
TO be In"
And, watching 40 men sell
more than Q quarter million
dollars worth Of old and mod
ern vintages In his store, who
could disagree?
Evening star., 1961-01-05
Textile Company Buys
japanese Machinery
FAIL RIVER Mass. Jan

FALL RIVER, Mass. Jan. 8
(AP). = Berkshire Hathaway
Inc. announced the purchase ot
what it termed "a limited
quantity" of japanese spinning
equipment for experimental
and evaluation purposes.
The consignment Of Japa-
nese spinning frames was landed
in Fall River recently and will
be installed In Berkshire Hath
away's Bourne Mills division in
Tiverton.
Seabury Stanton, company
president, said the machinery
which has a capacity of 1000
cotton spindles is being in
stalled for experimental and
evaluation purposes in line
with Berkshire Hathaway's pol
icy Of keeping up to date with
the advancing technology and
progress in the manufacture
of textiles,
Evening star., 1961-01-05
Inventories
DropAqoin
By the Associated Press

Business inventories were cut
by another 500 million in Mo-
.vember and sales were down
$500 million. the Commerce
Department said yesterday.
The inventory decline COM
pared with a drop Of 5000 mil
lion in October and was about
equal to the monthly average
since mid-year.
Manufacturing stocks, ad-
justed for seasonal factors. were
down $500 million, to $54.2 bill
lion, with the liquidation CEN
tered in durable goods.
This was partly Offset by a
5000 million increase In retail
stocks. stemming largely from a
rise in dealers stocks of unsold
autos.
Inventory changes in other
retail lines and in wholesale
trades were generally small.
Total business inventories at
the end Of November were val-
ued at $94.4 billion, an increase
Of $4.5 billion over November,
1859. ..s
Evening star., 1961-01-05
34oo Gain Posted
By Northwestern

Paul r. Harrison, general
agent, the Northwestern Mu-
tual Life Insurance Co., re-
ported q banner year for the
Washington agency. with q
34S increase for 1860 over the
prior year. December alone
showed q i55 per cent gain over
the previous December.
Edgar Coffman, who was
named an assistant superin-
tendent Of agencies on Decern-
ber /, was the agency leader
with over 81 million paid-in
insurance. with William 4. Me-
Carthy, jr.. second. Joseph 8,
Baldwin, has just been sp-
pointed field director in charge
Of the new agents education
and training.
Mr.. Harrison said in the past
few years, the company has in
vested economy more than $40
million in commercial and
homeowner conventional loans.
He said the Washington agency
has more than $86 million in
surance in force. representing
$4,000 policyowners.
Evening star., 1961-01-05
'Bowery" Location ,

Mr.. Rothberg is president oi
the Central Liquor Store, Inc.
at 518 Ninth street NV. When
he and Mrs. Rothberg bought
it back In 1896. the neighbor-
hood was sometimes referred
to as the Bowery Of Washing.
ton. The stores market poten-
tial, If nearby observers could
be believed, was o brisk busi-
ness In "sneaky pete" the name
for cheap wines favored by
drifters.
The new owners proceeded
to toss out the pints Of "sneaky
pete" and stock standard
brands. plus . variety Of i'm
ported wines and brandies fol-
window display.
Fellow merchants kidded him
he admits. They said Ninth
street didn't have the market. '
A cursory inspection Of the
holiday customers nowadays
lined up four deep. buying tall
bottles Of German hook and
little expensive short TASKS OF
Scotch, demonstrates who was
right.
Limited by space-his store
front is not much wider than
a car length-Mr. Rothberg ex-
panded in depth and vertically.
In addition to q cellar Of bot
Evening star., 1961-01-05
i. 900 Firms Favor
Depreciation Increase

!. More than 5000 business
Arms have told the Treasury
Department they would in.
crease capital spending if Con.
gress liberalized the tax de.
probation laws.
This was disclosed in a pre-.
hminary report just made
public. Depreciation laws allow
businesses to write of against
taxes part Of the cost of new
equipment and other facilities
depending on the estimated
useful life. Some 70 per cent OF
the firms replying to the Treas
ury's inquiry said existing de.
probation allowances are in.
adequate due to- price changes
They said write offs are
stretched out over too many
years.
Evening star., 1961-01-05

ties. the goods overflow on two
upper stories.
The owner is q holiday
watcher. Curiously. Kosher
wines move on the shelves with
greatest speed at Christmas, he
finds, though they're also a
fast seller in April when the
Passover celebration takes
place. Mr.. Rothberg thinks the
honey, grape flavor" of these
wines, like what your mother
might put UP in the kitchen, !"
has something to do with 1t.
Right now he's stocking up
for Chinese New Year. That's
where Ng Ka Py comes in
(pronouhced nn-kah-pay). A
A fry brandy brewed from rice
in Hong Kong. it's favored by
local Chinese residents both as
a straight beverage and to
flavor soup.
Rum and blended whisky
have declined in favor since
World War II among his Gus
toners, says Mr.. Rothberg, and
"a glance at national figures
bears him out.
Rise and Fall
According to the Distilled
Spirits Institute, rum was .
modest item back In 1899 with
649.353 gallons sold. To I'LL the
wartime shortage in other
liquors, it enjoyed a fantastic
If temporary boom. with 90
million gallons sold in 1914. BY
l945 1t had declined below a
million. and two years ago it
was 6l7,164 gallons.
Evening star., 1961-01-05
:GMtoLoyoff
1000 Soon

DETROIT. Jan. S (AP). -
Four General Motors divisions
today announced layoffs total
ing more than 1000 employees.
Buick at Flint, Mich. said it
will cut its 18,000-man work
force by about $500 employees
effective Monday. Fisher Body
Division said about 800 will be
laid of at its No. / plant in
Flint at the end of this week.
Ternstedt division, whic h
makes body hardware for all
GIN cars. announced layoffs o:
720 employees at Flint and 253
lat Detroit. 81.
Oldsmobile will lay of 1000
at Lansing. Mich, tomorrow.
All of the layoffs were at
tributed to adjusted production
schedules.
Evening star., 1961-01-05

growth program. Washington
was selected for expansion Of
the cornpany's sand and gravel
business because the construc-
ton market in the Washington
Metropolitan Area is steady and
the Smoot concern has been
well established in Washington.
"Dravo's so years of expert
ence in sand and gravel pro-
duction and waterways trans
portation will assure Washing
toms construction industry and
ready-mix concrete trade q de-
pendable supply Of aggregates"
Evening star., 1961-01-05
Permanent S&L
Reports Assets Gain

An increase of nearly 10 per
cent in resources of the Wash
ington Permanent Savings and
Loan Association for 1860 was
reported today by President
Julius A. Maedel. Assets totaled
432,0i4.122.
Mr.. Maedel said savings
climbed $2.314,374 to q new
high Of $27,398.781 with an In
crease in mortgage loans OF
$2.604,235 to $2S,s4s,516, a new
record also.
After paying savings share.
holders the current 4 per cent
dividend, he said, $140,420 was
transferred to surplus and re-
serves, bringing this item up to
$2,4S1 ,122,
Evening star., 1961-01-05
Trust Sells Million
Cumpbell Soup Shores

NEW YORK. Jan. 4 (AP).-
The Camden Trust Co. has sold
million shares of common
stock Of Campbell Soup Co.,
the New York STOCK Exchange
reported today.
The exchange said 100000
shares were sold from the
trust for the benefit of George
Strawbridge, jr., and Diana
Strawbridge Crompton. and
100000 shares for the benefit
of John T. Dorrance. jr.
After the sale the trust held
7,709.649 shares.
Evening star., 1961-01-05
Commercial Poper
Rates Slide Aooin

NEW YORK, Jan. 5 (AP) -
The cost Of one type of short
term credit fell today to the
lowest point in more than two
years.
Dealers in commercial paper
issued by industrial concerns
and smaller sales finance COM
panies dropped rates " Of /
per cent. the third such reduce
tion in a row.
The new scale ranges from
3 to 3l2 per cent and Is "a
point below the lowest in effect
at any time in 1860. A year
ago the scale was S to 51a per
cent.
Evening star., 1961-01-05

total amount Of invested cap
ital to $325,594.577.
Total assets of $374.858,239
were announced. This was an
increase Of 91a per cent over
the comparable period Of 1859.
Other increases were a climb
In loans on first mortgages of
$27,962. .051 to q new record of
$33o,9l2,l2l. and a gain of
$2.l59,573 in reserves. making
that item $25.413,744.
Mr.. Blatz declared the four
quarterly dividends paid saw
ers during 1860 topped $l2
million.
Evening star., 1961-01-05
Pittsburgh Firm Buys
Smoot Sand and Gravel

Dravo Corp, Pittsburgh con-
tracing, shipbuildins and man.
ufacturing concern, has pur-
chased the Smoot Sand and
Gravel Corp. ofhcials an.
nounced today.
The new firm is the Potomac
Sand and Gravel CO., and has
been incorporated here by ORA.
vo and Charles p. Maloney,
board chairman Of the Maloney
Concrete Co.. who has been in
business here for about so years.
Dravo has q majority interest
in and will manage the new
concern. Mr.. Maloney's inter-
est is personal and not con-
nected with his firm.
Potomac will operate the two
plants formerly owned by Smoot
at 5000 K street NV, and at
South Capitol and Half streets.
The river fleet bought from
Smoot includes four dredges,
f1ve tugs and SO sand and
gravel barges.
officers Of the new Dravo
subsidiary are: r. j. Lloyd, jr.,
president; Mr.. Maloney. vice
president; J. S. Mason, secre-
tary. and E. T. Fitch, treasurer.
Directors Of Potomac are Carl
B. Jansen, Dravo board chair
man: w. e. Clark. Dravo presi-
dent: L.. A. Mertz. Dravo senior
vice president; Mr.. Lloyd and
Mr.. Maloney.
Chairman Jansen said For
nation Of Potomac Sand and
Gravel Co. Is one phase Of
Dravo Corps long range
-
Evening star., 1961-01-05
Boiler Room Tactics
Declining, SEC Says

Public interest in securities
stays at q high level and has
furnished a fertile field for
fraud and manipulation" the
Securities and Exchange Com
mission warned yesterday in its
annual report to Congress. It
covers the fiscal year ended
June 80 last.
But the commission said sale
of spurious issues by long dis
tance telephone through high
pressure methods has de-
creased.
To protect public investors
agains fraud in the sale Of
securities. the commissions
staff was constantly on guard,
the report said.
A record number Of stock
Evening star., 1961-01-05

a6ls. There is no sign yet tlt&4
the sag here has been halted.
t0A Index of raw materials
prices, Unfavorable. This vital
index jf prices is going down
and there's not much hope for
an upturn in the economy until
this trend changes. =
(9J Gross accession rate In
manufacturing g-meaning rate
of hiring and rehiring. Unfa-
vorable. In October the rate
was at the lowest since 1855
(i0) Layoh rate in manu-
featuring. Semifavorable. The
rate Of firing was down a bit in
October, better than in August.
Profits Unfavorable .,
t1D Corporate profits after
taxes. Unfavorable. After-tax
profits were still declining as Of
the end Of the year. s~
(12) Change in business in.
ventories. UnfavorabIe. There's
no sign yet that businessmen
have shifted away from liqui-
dating inventories or toward
accommodating them.
It adds up to six still unfa-
vorable, five semifevorable, one
favorable decidedly mixed
picture. but better than a few
months back when just about
every indicator was pointing
downward. And this implies,
said DR.. Moore, when / inter-
viewed him a few days ago.
that:
The recession is continuing:
But there are tentative"
signs that 1t will be relatively
mild;
And there are some "preliru-
mary" signals that usually
prec e de an upturn," even
though these signals are not
yet decisive enough to suggest
that the next upturn is directly
ahead"
That's as far as DR.. Moore
will go now. But I'll guess that
his findings also justify the ex-
pectation that this recession VIII
end in the first half of 1861.
Distributed, 1861, By the Hall
= Syndicate. All Rights Reservede
Evening star., 1961-01-05

offerings and other financing
proposals kept the staff busy
also. Some 1923 issues were
offered. contrasted with the
prior high of 1926 for 1859.
But offerings totaled $500 mil
lion less than the $16.6 billion
recorded in the previous year,
the report declared.
Regulation Of investment
companies also engaged COM
mission attention. The num-
ber Of these increased from 512
to $40 during the year. with .
$3.5 billion increase in the
estimated market value Of the
assets of these companies to
about $23,5 billion. The COM
mission said there Is constant
need to supervise these COM
panies.
Evening star., 1961-01-05
Central Charge
Pays Dividend

Harry Malasky, president Of
Central Charge Service. Inc,
reported that the board of di-
rectors declared a stock divi-
dend of 5 per cent on the
|company's outstanding common
stock.
This is payable January 81
to stockholders Of record jan
uary 4.
Evening star., 1961-01-05
n YOUR
MONEYS WORTH
II Keys to Next Upturn
SY SYLVIA PORTER

There are IL leading indi-
Gators" which business fore
casters are watching with
interest because they will point
the way to the end Of the 1960-
1851 recession.
This list has just been revised
and expanded from eight to IL
by Geoffrey H. Moore of the
National Bureau of Economic
Research, one Of the creators
Of the list and an acknowledged
authority on the business cycle.
Next to each indicator is the
latest available information.
and ct the end Of this column
Is what DR.. Moore thinks the
indicators show about this
recession.
indicators Listed
mere goes ..
(1) Liabilities Of business
failures. Semi-favorable now.
The high for failure liabilities
(amount of money involved)
was chalked up in June of 1860.
and since then the total has
been wavering below the top.
CD Index Of common stock
prices. Semi : favorable now.
Stock prices also have stabilized
and advanced moderately.
90 New orders Of durable
goods manufacturers. Still un-
favorable. New orders have
been in a slow decline for
months, apparently continue
downs.
"a Housing starts. Semi
favorable. The decline In l1ous.
ing starts has leveled OF since
June.
(O Commercial and indus
trial building contracts. Favor
able. This type Of construction
has held ct a high level.
t6) Average work week in
manufacturing. Semi favorable.
The decline in the work week
has been slowing since Septem-
Der. may have stopped.
(D Net change in number of
operating businesses. Unfayor-
Evening star., 1961-01-05
TALKING OF BUSINESS
Family Store Expands, Watching
Rise and Fall Of Liquor Preferences
BY TRUMAN r. TEMPLE
stes SIAN Wzitr-

Back in 194s the Distilled
Spirits Institute decided to
start keeping statistics on
vodka. even though this obscure
beverage, was Q pipsQueak in
sales compared to such staples
as gin and rum.
It was q wise move. Riding
on a tide Of bloody marys and
screwdrivers. it passed rum
early in the decade. Now it's
crowding gin. In 1859 more
than IT. million gallons Of
vodka were sold, versus 2l.8
million of gin. Only the gin
-and-tonic craze seems to be
keeping 1t from the lead.
Staying abreast Of such swift
changes in public taste is q
challenge to the retailer. par
ticularly In Washington where
the pace Is accentuated by the
ebb and fiow Of travellers with
new ideas about tippling.
In one of the less likely lo-
cations, David Rothherg has
not only kept pace but has built
a tiny family store to an opera
ton involving 40 employees. At
the same time he manages to
serve q cross-section Of Gus
toners demanding everything
from 50-year-old brandy to
something called Ng ia Py,
used to flavor exotic soups.
Evening star., 1961-01-05
Interstate Building
Sovinds Rise 76 Pct.

> President Edward K. Jones
of Interstate Building Associa-
'tion reports that savings have
increased 10 per cent to $72,-
398.792 in the last year. Loans
totaled $74,732,224, a 16 pei
cent advance.
Reserves jumped from
Evening star., 1961-01-05

$3.960. 1853 at the end Of De-
cember. 1859. to $4.634,7S6 q
year later-a 16 per cent gain.
Assets of $78.681 .202 a year ago
on December 81 advanced to
$S9. .5S5, ,0s4-a IA per cent in
crease.
Evening star., 1961-01-05
Mitchell Firm Moves

George j. Mitchell. jr. an.
nounced the investment firnl
of g. ]. Mitchell. Jr. Co.. il
moving Immediately to a new
address at 1901 K street NV
1t formerly was located at 72e
Fifteenth street NV.
Evening star., 1961-01-05
Eurninqs

First MI. City Bank Of New
York in year ended December
81 earned $74,292, 900 or S6.07
a share VS.. $67 .962, 900 or $5.55
in 1859.
Bankers Trust Co. in year
ended December 81 earned
$32,339.325 or $500 a share VS..
$27,388,370 or $3.40 in 1859.
Pillsbury Co. in 6 months
ended November 80 earned
So, ,732, 600 or $l.72 a share VS..
$3.262,000 or $l.52 in 1859
period.
COoper-Jarrett, Inc, in II
months ended November 80
earned $223.797 or 80 cents q
share VS.. $704.138 or $1.22 In
1859 period.
Evening star., 1961-01-05
Sales Monoqer

Frank Williams Cady has
been appointed sales manager
for the Fuel Oil and Fertilizer
Division Of the A. P. Woodson
Co. For the last two-and-a-
half years he was managing di-
rector of the Oil Heat Institute
Rochester, N. Y. He is a Cor
nell University graduate.
Evening star., 1961-01-05
Perpetual Building !.
Reports 15@ Increase
In Savings in 1860
BY WILLIAM A. MILEN
Star Stan Writer

savings increase of $42 22s6O23-or is per cent--was
reported today by the Perpetual Building Association largest
savings and loan institution in the Washington for 1850
contrasted with 1859.
President Edward Batz said this the largest single
savings gain in the history of Perpetual 1t brought the
Evening star., 1961-01-05
BUSINESS
BRIEFS

Bank Clearings in 26 leading
cities in the week ended jan
uary 4 totaled $30,239, ,766, ,001
compared with $25. 1886, ,636. .00C
in the previous week and $685.
371.314,000 in the like week
a year ago.-Dun g. Bradstreet.
Business Failures in the week
ended December 80 totaled ZIG
compared with 253 In the
previous week and 169 in the
like week a year ago.-Dun d
Bradstreet.
Electric Power Production In
the week ended December 81
totaled 13.956,000 900 kilowatt-
hours compared with 15,144,-
100000 in the previous week
and 1865, 900, 900 in the like
week a year ago.-Edison Elec-
trio Institute.
Business Loans by member
banks In the week ended De-
cember % totaled $31,958, ,000,-
900. down SITS million from
the previous week, but UP
81. .493, 100000 from the like
week q year ago.-Federal
Reserve Board.
Evening star., 1961-01-05
OVER COUNTER

Following prices fnrnished BY the
National Association Of Securities Deal
within which locally active securities
could have been bought or sold at
1 nm Thufsday, January 3:
Evening star., 1961-01-05
TREASURY BONDS

NEW YORK tAP) Moon over the eoun.
ter U. S. Government Treasury bonds,
bid, asked, net change and yield for
Evening star., 1961-01-05
FOREIGN
EXCHANGE

NEW YORK, Jan. 5 tAP).-F6fsisn
exchange rates Great Britain and
Australia in dollars. others In cents
and decimals OF q cent?:
Canada in New York
Evening star., 1961-01-05

Robert w. Fleming
(aboye}, executive vice
president, Folger, Nolan,
Fleming-W. B. Hibbs 3
Co., Inc, has been elected,
to the board Of governors
Of the National Associa-
tion Of Securities Dealers
from District No. 10.
Thomas /. Anglin, partner,
Mackan & Coe, was
elected to the district
committee.
Evening star., 1961-01-05
MUTUAL FUNDS

NEW YORK (AP)
2 National Associa-
ton Securities Deal
ers, Inc.
Evening star., 1961-01-05

t. Partially tax exempt.