davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-12-26
Earnings

Southern Co. in 12 months
ended November 80 earned $45,-
971 800 or $1.98 a share VS..
$46,198,261 or $2.06 in 1860.
Norfolk & Western Rwy. in
II months ended November 80
earned $54,156,895 or $72l a
share VS.. $55, 5,793,219 or STAB in
1860 period.
Southern Railway in II
months ended November 80
earned $25,129,0 900 or S241 a
share VS.. $26, 6,135, 900 or 1888 in
1860 period.
Lehigh Valley R.R. in II
months ended November 80
had a loss of $7.916,101 vs.. a
loss of $2,616,284 in 1860 period.
Denver & Rio Grande West
in II months ended November
80 earned $7,911,722 or S1.23 a
share VS.. $7,511,224 or $1.18 in
1860 period.
Wabash R.R. in IL months
ended November 80 earned
SO, ,761 ,438 or $10.9 a share VS..
$3,673,600 or $11.81 in 1860
period.
( Chi. Mlw. st. P. & Pac. R.R.
in II months ended November
80 earned S3,797, ,780 VS. 81 1885,
384 in 1860 period.
I Aetna Finance in year ended
September 80 earned $2,079,171
or $l.05 a share VS.. $2,319,428
or S1.2l in 1860.
/ Lerner Stores in 9 months
ended october 81 earned $685.
Asa or Al cents a share VS.. ST.
095,371 or 81 cents in 1860
period.
Evening star., 1961-12-26
Slight Drop
..Expectedin
Steel Output

CLEVELAND, Dec. 26 (AP) .
= Steel production this week
will be trimmed slightly to re-
duce overtime pay and to re-
pair furnaces that will work
close to capacity in the next
six months, Steel Magazine re-
ported.
This weeks output will be
slightly under the 100000 tons
the national weekly publication
estimated the industry poured
last week. That figure was the
highest since the 2,238,O00-ton
output in the week of April %,
1860.
Steel figured December output
will be at least 81 million in
got tons, compared with 81
million tons in November.
=" The auto and appliance in
dustries, steels best customers,
I are on an upswing that is ex-
pected to continue strongly into
, 1862, the magazine said, giving
this outlook for next year:
Car output is expected to be
up II to "a per cent; truck
output. up 8 to 10 per cent; and
appliance output, up 5 to 10
per cent"
Steel predicted shipments in
the aluminium market will
reach a new high and jump at
least 10 per cent over the 1861
total Of about "a million tons.
It attributed the rise to in
creased use of aluminium in the
auto, building. packaging, rail-
road and oil industries. in ad-
dition to a bigger export mar
ket.
Scrap dealers anticipate a
substantial rise in orders next
month, the publication said,
The market undertone seems
stronger even though the mag
sazine's scrap price composite on
No. l heavy melting grade
stayed at $3433 a gross ton
last week. ...-.t .--..
Evening star., 1961-12-26
BUSINESS
BRIEFS

New Businesses incorporated in
November totaled $4,000, down
1920 from october and ending
a six-month increase.-Dun g.
Bradstreet.
Metal-cutting Machine Tool
orders in November were esti-
mated at $52.650,000 compared
with $47,3OO,0O0 in October;
November shipments totaled
S48, 100000 compared with $45,-
100000 in October.-Ntl. Ma
chine Tool Bldrs. Assn.
Gas Range shipments in No
vember totaled 161, 300 units, up
11.7G6 from November, 1860; for
II months 1885, 100, down 0.7%
from 1860. - Gas Appliance
MfgS. Assn.
Diamond Alkali Co. Of Cleve-
land has agreed to acquire all
the outstanding shares of Harte
& Co. of New York in an ex-
change of shares.
Evening star., 1961-12-26
Debentures Called
By DynoIectron Corp.

Dynalectron Corp, Wash
ington electronicS concern for
rlerly known as California
Eastern Aviation, Inc, plans
to call in debentures issued
August l, 1856, and due Au-
gust /, 1868, at a sinking fund
redemption price of 100l2.
Holders Of the debentures
may convert the principal
amount into shares of common
stock at a conversion price of
$3.47 up to the close of buSi-
ness January 8, the company
announced. They may be con-
verted after that date until
January II for $3.50.
At call the company will pay
interest accrued through Feb
ruary /, 1862, but interest will
cease to accrue after that date.
Payment of the redemption
price will be made at the
Bank of America in San Fran
cisco or at the American Ma
tional Bank & Trust Co. in
Chicago on presentation of
debentures and coupons ma
turing after February /.
Evening star., 1961-12-26

around Wall Street in a matter
Of minutes and when it does, a
squirt in the price from 81 to So
is a cinch.
A third answer is that the
underwater may purposely give
the company a bum deal on
price to be sure of having a
hot" issue.
For obvious reasons, under
writer's like hot stock issues. In
Fortunes words, "They attract
new customers, reward old ones
and serve to strengthen the
loyalty of brokers and dealers
on whom the underwater must
regularly count to help him
move less attractive stock is
sues. Also, the underwater him
self can make a quick fortune
on a hot new issue.
A fourth answer is that the
underwater may be deliberately
manipulating the stock to blk
investors. When a firm plays
what Wall Streeters call Tout
and Out" it will go through
the motions of selling a stock to
the public but this public" will
be insiders pledged not to re-
sell until given the word. While
they hold their shares, public
ity firms tout the stock, plugs
are planted in the press, the
background is created for a
price rise. When the real pub
lie" starts coming in, the insid-
ers begin feeding out their
stock. When they've sold, the
manipulators withdraw their
false bids, the press releases
are discontinued, the plugs end
the price slumpS, the suckers
have had it.
This is rigging of new stocks
at its baldest and the Securi-
ties & Exchange Commission is
going to uncover some scandal
lous instances of it in its cur
rent investigation of the over
the-counter market.
Protection is Possible
In view of this analysis, what
might you do to protect your
self when you play THE New
Issues Game?
You might, says Fortune, put
money only into large, well-es-
tablished companies or into
small companies with which
you are thoroughly familiar
You might invest in a mutual
fund specializing in new
growth issues. thereby paying
someone else to pick your COM
panies. You might deal only
with an underwriting firm
which has a solid reputation
and record in the field. In this
case, you'll have to buy the
cold" as we'll as "torrid" stocks
and give the firm other business
too.
None of these arrangements
will guarantee you against loss
but you'll at least minimize
your risks.
Distributed 1861, by
The Hall Syndicate. Inc.
All Rights ReserVed)
Evening star., 1961-12-26
z Firms to Design
Ship Gas Turbines

The Maritime Administration
announced contracts yesterday
with two firms who will make
preliminary design studies of
gas turbine power plants for
ships.
The coSt-plus-fee contracts
were negotiated with the Pratt
& Whitney Aircraft Division
of United Aircraft Co. and the
General Electric Co. The agency
expects to spend a total of
S150.000 for the work and may
order prototype plants if the
resulting studies show promise
Evening star., 1961-12-26
YOUR
MONEYS WORTH
What Makes q Hot Issue Hot
BY SYLVIA PORTER,

When a new stock issue of a
small, practically unknow n
company is offered to the pub
lie at, say, SIS a share and i'm
mediately doubles in price, what
happened? Is it only an "acci-
dent" that preferred customers
who get a block of the stock
at the original offering price
make a paper fortune over
night? Or is the price manipu-
lated to benefit the insiders or
purposely chosen to short
change the company?
In an analysis of THE New
Issues Game" to be released this
week, Fortune Magazine sum-
marizes a few of these ques-
tions and draws from the an
swers lessons for every specu-
lator trying to play the game
successfully.
A first answer is that the
firm managing the stock sale
(the underwriter) may have
badly miSjudged the market.
This is not hard to do, for
many of these companies are so
new, so offbeat that it's sur
prising firms can price the
stocks at all. For instance, ear
'1ier this year, a company
named Simulmatics offered
stock to the public at two-dol-
lars and within a few hours,
the stock was quoted at nine
dollars. This was a two-year-
old company with a net worth
of minus-minus!-$21, 900. It's
a wonder the underwater set
tied on any price.
Second Answer
A second answer is that the
underwater may reach an
agreement with a company to
offer its stock at, say, 81 a
share, and then refuse to raise
the price even though a later
favorable turn in the compa-
ny's affairs might justify a
price of ST or So.
This sort Of news can get
Evening star., 1961-12-26

70 per cent OF 1000 sales volume.
Paul j. Cupp, board chair
man of NAFC, said that if the
trend of most recent figures
continues, the average Amer
ican family will save l per cent
or about SIG on its annual food
purchases next year.
The latest Labor Department
figures for October showed retail
prices down about l per cent
from December 1860. The aver
age family spends 81 900 a year
on food, according to the NAFC.
while SIG may not seem a
large amount" said Mr.. Cupp,
lit is significant as a reversal
of a long-term trend toward
higher prices"
Prices on a number of food
items now actually are lower
than they were a decade ago, he
said. According to the Bureau
of Labor statistics, a pound of
ground round steak cost an
average $1.03 in october versus
$1.09 in 1851, and chuck roast
was So cents compared with IA
cents a decade ago. Egg prices,
under heavy pressure this past
year due to overproduction
were 81 cents in October versus
"a cents in 1851.
The NAFC noted that an
average of 16 new food products
per day are being introduced in
the retail food industry now.
Evening star., 1961-12-26
Rowzee Is Elected
By Viroiniu Bankers

George M. Rowzee. jr., ex-
ecutive vice president Of Shir-
lington Trust Co., has been
elected president of the North
ern Virginia Bankers Associa-
ton.
Dale H. Smith, president of
Fairfax County National Bank
Evening star., 1961-12-26
CEIR Executives
To Direct Program

Two executives of CEIR, Inc,
have been named to direct the
program of the seventh annual
Engineers, Scientists and Archi-
tects Day here February 81.
They are William w. Eaton,
general chairman and a COM
pany director. and J. Paul
Walsh. executive director. who
is executive vice president of
CEIR. The theme this year
will be Education for the
Space Age"
The event is sponsored jointly
by the Washington Academy of
Sciences and the District of
Columbia Council of Engineer
ing and Architectural Societies.
Evening star., 1961-12-26
Bowling Chain Posts
Sharp Sales Gain

North America Bowling, Inc,
reported gross sales of $442 ,233
for october and November in its
eight bowling centers. Sales for
the like period last year totaled
$277,393 when five centers were
operating.
c. E. Goldberg, president of
the Washington Baltimore
bowling chain, said a new Bowl
America will open in Manassas,
Va, the first week in January
and will have "a lanes.
Evening star., 1961-12-26
Open House Show

An open house show for deal
ers will be held tomorrow and
Thursday by the Joseph M. Ia
moiski Co., wholesale distribu-
tors at 2122 oath place NE.
to present the 1862 line OF
Zenith television, radio and
phonograph products. Hours
are 10 am. to 8 pm.
Evening star., 1961-12-26
Jets for Australia

CANBERRA. = Jet airlinerS
may be flying domestic routes
in Australia by 1864 under a
bill pending in Parliament.
Australian pilots now fly jets
only on international trips.
Evening star., 1961-12-26
IBM System Installed

John I. Thompson & Co.,
Washington research and en-
gineering firm. has completed
installation of a 1920 card data
processing system by IBM, first
of its kind in a commercial
firm in this area.
Evening star., 1961-12-26
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. Tuesday,
Evening star., 1961-12-26
Retail Food Prices Due
To Remoin Stable in
81, Survey Indicates
BY TRUMAN r. TEMPLE
Star Staff Writer

Retail food prices will remain stable in 1862, hating
RISE according of food chain executives
spokesman for the National Association of Food Chains
said in Washington today that the almost unanimous verdict
Of poed that prices would hold steady. The
the NAFC companies accounting for about
Evening star., 1961-12-26
Maternity Policies

NEW YORK.-About 80 per
cent of health-insurance poll
cies contain maternity coverage.
Evening star., 1961-12-26

Col. ]. Robert Martin,
presid ent Of Aeroflex
Corp, has been elected a
director of Jonker Bust
ness M hines, Inc,
Gaithersburg, Md. He has
been assisting JOnker as
a cOnSultant in larger
data processing systems.
He succeeds A. Dana HOdg-
don, who recently resigned
as director to devote full
time to his own invest
ment firm.
Evening star., 1961-12-26
METALS

NEW YORK, Dec. 26 tAP) Spot
nonferrous metal prices today: Copper
81 cents a pound, Connecticut Valley
Lead l0L cents q pound, New York
Zinc IL cents pound, East st. Louis
Silver .O494 per trop ounce, New York
Pittsburgh scrap steel No. 1Nheavy was
quoted by Iron Age at 35 35.00-36.00.
Evening star., 1961-12-26

and outgoing president of the
association, said other new Of
ficers of the group are E. Guy
Ridgely, president of Alexan-
dria National Bank. and F. Car
berry Ritchie, executive vice
president of the National Bank
of Fairfax, as executive vice
president.
Evening star., 1961-12-26
TREASURY BONDS

NEW YORK (AP(-Noon over the coun.
ter u. S. Government Treasury bonds
bid, asked, net change and yield for Tues.
Evening star., 1961-01-26

the porch so that snakes will
not get into the house.
There is one other thing
the intellectual angle. Any
one who has led a stimulat-
ing life in business. the arts,
or some other pursuit Is not
going to be happy here. This
sounds Snobbish, and possibly
it is. but it is true.
This country Is beautiful
and crops grow wonderfully.
But anyone planning to
retire in this area should
look at everything with q
jaundiced eye and ask q
thousand questions"
Other people feel much the
same way about California
and Florida and could tell
you what's wrong with the
Garden of Eden. Don't stay
away from Arkansas because
of what she says. But don't
move there because of good
things friends have said. Go
have a look for yourself
After 10 years Of seeking
out the perfect retirement
spot in America, my hair
grows gray and I have not
Evening star., 1961-01-26

good crops, the natives all
hated him and did everything
they could to be unpleasant.
"One man I met ran a
service station. He told me
he had lived there four years,
had contributed to every
charity and church and was
still considered a rank out
slider. Also he told me the
people in his neighborhood
were still fighting the Civil
War.
Two women I met had
lived in Chicago, where they
had splendid jobs. They
eventually found jobs here.
However. they encountered
everywhere the attitude of
one man who said. There
isn't a woman alive worth
more than 500 a month
wages are exceedingly
low. For that reason some
industries have come into the
area In order to get cheap
labor. And there are water
shortages, so you had better
have a good well. Also it is
wise to put screening under
Evening star., 1961-01-26
How to
STOP KILLING
YOURSELF
Octogenoriian Wonders Why
Dy DR.. PETER }. sTEiAcRoHN

I'm within two months Of
being 30 years old" writes
Mrs. w. OF. California. I have
excellent health. But what
surprises me is that I'm still
around.
Let me give you my rea-
sons. You may publish this.
It will be interesting to get
the reactions Of your readers.
"A large majority Of our
citizens would like to know
Evening star., 1961-01-26
THE GOLDEN YEARS
One Persons S View
About the Ozorks

intelligent woman who re-
Gently investigated that coun-
try has come. up with q re-
port. It looks like some more
protests are on the way.
II have been looking par
ticularly in the northwest
section of Arkansas in search
for a place to retire." the
lady says. Here are some
of the things I learned:
Foreigners are not par
ticularly welcome and Texans
especially are detested. Peo-
pie from Chicago seem to be
in the greatest favor. with
those from Ohio, Illinois and
Indiana ranking next. A
cousin told me that If a man
went there and farmed, used
up-to-date methods and had
Evening star., 1961-01-26
BY THOMAS COLLINS

Arkansas and the Ozarks
have always seemed like good
retirement country - more
fitting perhaps for the mall
man than for the Million
aire, but good.
On two or three occasions
this column has pointed out
the shortcomings Of the area.
On each such occasion there
have been protests. On per-
haps a dozen occasions the
column has pointed out the
lovely virtues of this area
and nobody has said any
thing.
Spring is coming before
long and some good 65-year-
old pensioners will be head
ing down Arkansas way. An
Evening star., 1961-01-26
FAMOUS FABLES
BY z. E. EDGAR

SPEECH: The late Herman
Hickman was Q top-flight
after-dinner speaker. who
was always in demand during
the banquet season.
Once. when he arrived at
q banquet to make q speech.
he learned that he was to be
only one Of many speakers.
The ones who preceded him
showed no inclination to keep
1t brief. On and on they
droned, while Hickman
waited impatiently for his
turn.
Midnight came and Hick-
man was still waiting to
give his talk. Most Of the
diners had already departed.
When Hickman's turn finally
came at 1 am. only he and
another gentleman remained
at the table.
What are you doing
here?" asked Hickman, a.
he got up.
'Me?" was the reply. I'm
the next speaker"
Evening star., 1961-01-26
Snyder Compiling
Medical Archives
OF Eisenhower

A special office at Walter
Reed Army Medical Center has
been made out Of q section Of
Delano Hall there to permit
Maj. Gen. Howard McC. Snyder
to compile the medical archives
Of former President Eisenhower.
Gen. Snyder technically re-
tired in 1945. but his retire
ment was Cancelled on Presi-
dent Eisenhower's request 50
that he could become the
Presidents physician.
A bill pending before the
Senate would authorize Presi-
dent Kennedy to make Gen.
Snyder a consultant at Walter
Reed, though still q retires
with full active duty pay.
The office Of Senator Scott.
Republican Of Pennsylvania.
reports the bill was introduced
January 6.
The office Of Army Surgeon
General Leonard D. Heaton
said the Surgeon General al
ready has authorized the Of
flee, pending the congressional
action.
Evening star., 1961-01-26
Defective Hearing
Glasses to Sturt

Second semester classes for
pre-school children with de-
fective hearing will start on
February s at the Washington
Hearing Society, 1884 Calvert
street NV. H.
Classes. beginning at $50
am. Monday through Friday,
will be held through the middle
Of June. Registration Is now
being conducted.
Evening star., 1961-01-26
USELESS
INFORMATION
By PAUL STEINER


North American Newspaper Alliance
Tiffany's $134,200 emer-
ald-cut diamonds may now
be purchased by mail order
II you wish, the company
announces.
While the back Of a mouse
is admittedly not the same
as the inside of a mans
lung. histologists Tissue spe-
cialistS) conclude that it is
Of essentially the same struc-
ture and shows similar reac-
tionS.
Among tiny Liechten-
STEMS major industries are
the manufacture of sausage
castings, false teeth and the
sale of Liechtensteiner cuck-
90 clocks made in West Ger
many, a foreign correspond
ent reports.
Evening star., 1961-01-26

found 1t yet. There Is no
such place. If It's hot. it's
buggy. II It's cold. It's snowy.
If it's dry, it's hot. And If
it's wet. your rheumatism
hurts.
The address Of a good re-
tirement Is where people are
nice to you.
(Copyright. 1851, General Features
Corp.)
The Golden Yeors sppson each
Thursdoy.
Evening star., 1961-01-26

what Is responsible for the
deplorable state of our Ma
tion's health. Why all the
cancer. polio. ;arteriosclerosis,
arthritis. diabetes. heart dis
ease? Why are so per cent
Of our hospital beds occupied
by mental patients? Why do
we ave an average Of "a
suicides q day? Due, in most
cases, to depression over Ill
health?.
I'VE spend more and more
millions for research, take,
more treatments Of all kinds.
Our health resorts, hospitals.
clinics and doctors offices
are filled to capacity.
We take 100000 sleep
ing pills nightly: as well as.
several tons Of aspirin. Al
though we spent 10 billion
dollars for medical care In
1858, ours Is the sickeSt Ma
ton on earth. Physically,
morally and spiritually.
Can some Of the trouble
be due to our methods Of food
processing? Foods that are
grown on depleted soil and
then canned, frozen, dried,
homogenized, pasteurized,
sterilized. crystalized, pulver-
lied. pre-cooked, pre-digested.
powdered, picked, puffed,
preserved-and then pack
aged in containers that have
been sprayed with poisonous
chemicals?
Our fruits are picked
green and ripened chemi-
cally, fruits and vegetables
are sprinkled, sprayed and
spread with numerous poi
sorlous insecticides, pesi-
cides, etc. These chemicals
cannot be washed off. They
penetrate.
And to top 1t all off. most
of our foods are stored for
long periods under formAlde-
hyde fumes. And our meat
animals including poultry,
are injected with hormones
to speed their growth and
fatten them for market. We
eat this meat and probably
suffer i'll effects from those
hormones. -.
rs another constructive
being done about all this, DR..
Steincrohn?" D.
FIRST, LET ME commend
you on the spirit and fire Of
your letter. It Ii difficult to
believe that this epistle came
from the pen Of an 30 year.
old. Most people over 80 say
what's the use" and give UP.
They let their younger fol-
lows do the cruSading.
Who knows but that our
diet and means Of preserving
food may be factors (un-
known at this tiHne) In the
causation Of illness7 Time
will tell.
Meanwhile, though, I BE-
lieve that the proper govern
ment agencies are aware Of
potential trouble. In spite Of
the dangers that surround Us.
Mrs. W., more Of us are Nv-
ing longer. Like you. many
Of us will reach the SOS.
But I agree with you-
there's no excuse for compla-
cency.
DR.. Steincrohn's 1edtlet,
Hon to Overcome Your
Child's Greatest Menace; Ac-
cidents," ,Diu be mailed on
receipt OF a stamped, self
addressed envelope and 10
cents in coin for handing
charges. address Dr.. Stein
crohn in care OF The Evening
Star. -......
HnnA...... ...AauehaAAaannn
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1961-02-02
School Has Dental
Health Program

CHESTER - The West Geau-
ga Schools are proud to be the
only system in Geauga County to
have a dental health program.
In furthering this program Mrs.
Evelyn Bollinger and Mrs. Lu-
cille Mcneil are asking us to
cooperate with them in observing
National Dental Health We e k
Feb. Sill.
A special dental health film
with a surprise treat is planned
for the students in grades one,
two, and three.
A poster contest will be held
for all fourth, fifth, and sixth
graders. A cash prize will be
awarded to a child in each class
room who creates the best post
er. Honorable mention ribbons
will be given to two runners-up
in each classroom. These win
ming posters will be put on dis
play in their individual schools.
The principal of each school
will act as chairman of the con-
test and will designate three pri-
mary grade teachers to act as
judges.
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1961-02-02

on Thursday. Robert Wilcox
drives a school bus for the Char
don Schools, alternating his runs
with his wife, who is also a bus
driver.
Brownie Troop No. 2 helped
make Red Cross bandages dur
ing their meeting on Wednesday,
January "a.
There is an urgent call out for
mothers of third grade girls in
tereSted in Brownies to volunteer
their services as leader. Many
girls would like to be Brownies
but the Troops are large al
ready and too many for just a
couple of mothers to handle. If
you are interested, please call
Mrs. Marcia Vangunten at AV s.
1878 or Mrs. Sally Strater at AV
6-9391.
= !: >
Mumson Volunteer Fire Depart
ment answered two fire calls this
past week. A call on Tuesday
evening for a fire in chimney at
the home of Ken Smith on Sher-
man Road. On Thursday after
noon a fire at the home of Rob-
ert Bushman, FowlerS Mills