davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-03-16
SEC to Launch Probe
Deals

ing securities for their own
account. Z
The questionnaires note that
1t is "a criminal offense to sub
NIT false information to a Fed
eral Government agency"
They go on to ask for a list
of every oFer-the-counter trade
IN lis active stocks on a single
day-last January 18. Brokers
must disclose prices, commits
sions and markups. They need
not identify individual custo-
mers involved.
The lis stocks include many
prominent issues, among them
American Airlines, Anheuser-
Busch, Bank of America, Gen.
eral Telephone & Electronics,
Hartford Fire Insurance, Lock-
heed Aircraft, Pacifit Power g.
Light. Pocket Books, Royal
Dutch Petroleum and Wiscon-
sin Power & Light.
Evening star., 1962-03-16
3O-Cent ak Rate Rise
Okoyed for Fouquier

WARRENTON, Mar. is (Spe-
ciaD. - The Fauquier County
supervisors approved a So mil
lion county budget and a 30
cent increase in real and per-
Sonal property tax rates.
The new rate will be $2.65
per $100 of assessed valuation.
The board cut $101, 900 from
proposed general fund appro-
priations. and $4,000 from the
$969,138 county share of a SIG
million school budget.
School Supt. Carson M. Brad
ley said he would try to see
that the cut would not inter-
fere with the requested teacher
pay raise of 5000 to $400 a year
Teachers now earn $500 to
$4,000.
Evening star., 1962-03-16
Bankers Urged to Lift
Safe Deposit Charges

Mr.. LaHart suggested that the
first years rental for a new
customer should be the cost of
the box plus a flat pre-deter-
mined fee of $40 to $12. This
would pay for the mechanics
of setting up the box rental
and provide partial reimburse
ment for new locks, he added.
The larger initial charge also
would tend to cut down trans
fers of safe deposit rentals
from one bank to another, he
pointed out.
Rated in Ten Glasses
Mr.. LaHart said safe deposit
facilities and bank vaults are
rated by insurance underwrit-
ers in ten classes, with one be-
ing the poorest and number 10
being the best.
In the trend to suburban
branches, bankers need to be
careful about installing infe-
rior deposit facilities in
branches, he said. In many
areas there is to much of a
tendency to put a lot of money
in fancy bank lobbies, but put
in safe deposit boxes very in
ferior to the same institution S
main office facilities, he added.
The Washington area is an
exception to this trend because
most of the suburban branch
facilities have a rating of at
least mine, with main offices
rated in the 10 category. Virtu-
ally all Washington banks have
top safety ratings, he added.
Fred Loops of the Bank of
Commerce, chairman of the
District Safe Deposit Section
presided at the meeting.
A special feature was pres
entation of a framed resolution
Of appreciation to James H.
Brashears of National Bank of
Washington for his work as
section chairman last year.
Evening star., 1962-03-16
CHICAGO
LIVESTOCK

CHICAGO. Mar. 10 (AP).-Hogs
1000; active. butchers steady to
strong instances 25 higher, on, weights
under 230 lbs; sows steady; fair
shipping demand: up head '1-2 around
Glib butchers 17.16; mostly 10 100.
225 lbs 16:75--17: 90: mixed 1-3 1sO-
S3 i oofSo lDS s8 s5Toss5 a8Sog lbs g55S S'
1900; several loads 325-35O lbs 1900.
1925; mixed 1-3 350-5OO-lb sows
l4.00-14.75; 2-3 100000 lbs 1880.
Cattle 400; salable supply largely
slaughter steers and cows; mraket
steady on represented classes and
grades; two loads mixed high choice
steers 29.s5-30.OO: load choice POO
lbs and half load 1,105-lb steers
27.75; utility cows 15.OO-17 90; can.
ners and cutters 13.50-16.50; utility
and commercial bulls 1S.50-21 90: few
standard yealers 21.00-25.0O; utility
15.00-20.00.
Evening star., 1962-03-16
New York Life Loans
Exceed S72 Million

New York Life Insurance Co
made $12,199,860 of mortgage
loans in the Washington ares
in 1861, it was reported by r
Manning Brown, jr., vice presi-
dent in charge Of the company's
real estate and mortgage loan
department.
The Nationwide total of the
company's loans reached $22S
million in the year. New York
Life's mortgage investments in
the District of Columbia alone
now total more than $33,458,-
100.
The firms mortgage loan
correspondent in this area is
Randall H. Hagner & Co.. and
Charles F. Palmer is mortgage
lOan manager.
Evening star., 1962-03-16
Peoples Life Holders
Vote Stock Increase

Stockholders of Peoples Life
Insurance Co. yesterday ap-
proved an increase in capital
to SIS million from $4.2 million
to pave the way for a stock
dividend of slightly over 1904
per cent.
The stock increase will be
accomplished by transferring
100000 from surplus to capt.
tai account and the additional
shares will be distributed by
means of the dividend.
A company announcement
said directors plan to main
tain the same cash dividend
rate per share after the stock
increase. Arrangements are
being made to provide for
rounding out fractional share
interests to whole shares.
Evening star., 1962-03-16

have prepared such material
for the brokers.
Wall Street sources also said
the letter sought the names of
publications in which each
brokerage house investment ad
appeared in the three-month
period.
The information requested is
part of a nationwide study of
the securities markets to be
completed January !, 1868. 1t
is being conducted by a CO.
man SEC staff.
Evening star., 1962-03-16

Washington and Baltimore
bankers were criticized here
last night by a bank security
engineer for charging safe de-
post fees that do not cover
costs of the facility.
James H. LaHart, regional
engineer for the bank division
of Diebold. Inc, safe and vault
manufacturer, said an increase
of around 20 per cent in
charges would go a long way
toward stopping the operating
losses in this department of
banks.
He addressed a joint dinner
meeting of the Maryland Safe
Deposit Association and the
safe deposit section of the Dis
trict Bankers Association at the
Mayflower Hotel.
Charges do not take into ac-
count the steady rise in costs
of installing safe deposit boxes,
he emphasized. Now it costs a
bank around $36 for each box,
yet banks charge as low as $5
a year for use of this facility.
ID. C. Average Is $3.50
In the District of Columbus
the rental Of a 3-by-5-inch box
varies from a low of SIS to a
high of $40, with an overall
average og $3.50, he said. In
Maryland this same box varies
from a low of So to a high of
$40 with an average of $5.75,
he also reported.
This proves that if one bank
can get $40 for a 3-by-5 box,
that every other bank can do
the same" the speaker de-
clared. "A customer selects a
bank on a package basis. They
aren't going to transfer all of
their business because of a dol
lar or two difference in safe de-
post rental"
In addition to higher rentals,
Evening star., 1962-03-16
First Virginia to Buy
Woodstock Bank

First Virginia Corp. and di-
rectors of the Shenandoah
County Bank & Trust Co., Of
Woodstock, Va, have signed ar
agreement for First Virginia'S
purchase of at least 80 pei
cent of the common stock oi
| the bank.
The purchase would be ac'
complished through an eX.
change of stock and will bt
subject to approval of the Fed
eral Reserve Board. First Vir'
ginia would exchange 10(
shares of its Class A stock fol
each share of the bank,
Evening star., 1962-03-16
Steel Industry Gives
Glimpse Into Future

NEW YORK (AP).-Here is
a glimpse into the future as
seen from steel research lab
oratorieS:
Redesign of automobile and
truck frames, using high
strength steels to reduce
weight.
Lighter, more efficient office
furniture to fit modern decor
More steel for beauty, mobili-
ty and economy in modern
homes and commercial build
ingS.
Evening star., 1962-03-16
Kane Transfer Had
Girl Scout lob

Kane Transfer Co. delivered
Girl Scout cookies in thi;
years annual sale by the
Washington Area Girl Scouts
The consignment represented
more than 10000 cases holding
100000 boxes of cookies. Each
case had II boxes.
President Frances Kane o1
Kane Transfer said 35 trailer
trucks delivered the cookies tc
more than 200 key points
throughout the area.
Evening star., 1962-03-16
Stock Probe
Extended TO
False Publicity

NEW YORK, Mar. 16 (AP)
The Governments investiga-
tion of the securities markets
has been broadened to include
the methods by which financial
information is publicized, ac-
cording to published reports.
Aim Of the new front re-
portedly is to learn whether
securities are manipulated by
false, misleading or incomplete
information.
The Securities & Exchange
Commission eporte dly has
asked brokerage houses for
copies of advertisements, mar
ket letters, research bulletins
stock analyses and public rela-
tions literature.
This is material commonly
received by regular customers
of brokerage houses and by
newspapers and magazines.
No Comment by SEC
i A spokesman for the SEC de.
clined to affirm or deny tht
reports, but Wall Street source.
said the investigation DEFINITELY
was on.
1t apparently was aimee
particularly at "gun-jumping
publicity firms that attempt tt
cushion the market for new
stock issues by releasing favor.
able information prior to regis.
tration.
Not quite accurate or pre-
mature information has af'
fected the market prices O
stocks. as indeed it was delib'
erately designed to do" a pub
lie relations man admitted.
The SEC interprets the Law
to bar statements about a nev
issue unless the entire story i
told.
All registered offerings, b,
law, must be made solel,
through a prospectus setting
forth accurately and complete
ly the financial condition of
new company and it's opera
tions.
Underwriters, however, ma,
use advertisements listing tn
number of shares to be soil
and the price.
Data Requests Received
Wall Street brokerage con
Germs said they have receives
SEC requests seeking informa
ton on the investment advic
they gave from April l, 1861
through June 80, 1861.
The request, which INFORMED
sources said was signed by Mil
: ton H. Cohen, head of the SEX
investigation, seeks the mum
ber, dates and prices of marke
information sent to the public
Also requested were tn
: names and addresses of con
Germs or persons who nigh
Evening star., 1962-03-16

common stockholders that dis
tribution of first and final
liduidating dividends to pre-
ferred stockholders was near
completion and that the Fed
eral Revenue Service is ex-
pected to complete a review OF
the company's tax returns from
1858 through 1861 by May l.
I'm the light of satisfactory
progress toward liquidation
which has been made to date,
the corporation feels that it
should now commence payment
of liquidating dividends to its
common stockholders" Mr..
Quigley declared.
Holders were requested to
send stock certificates by reg
istered mail to the corporations
office in the Colorado Building.
Fourteenth and G streets NV"
and were advised that on
receipt of the certificates they
will be paid the first liquidating
dividend of $75 a share.
Ready About April 2
II certificates are returned
promptly, the first liquadatlng
dividend checks will be issued
on or about April 2. Checks
will be issued in the name or
names appearing on the stock
certificates, unless the corpo-
ration is furnished with proof
that some other person or per-
sons are the present owners OF
the stock. In this case the
checks will be issued to present
owners.
"It is estimated that several
months will be required to
complete the numerous details
necessary to accomplish liqui-
dation of the corporation" said
Mr.. Quigley.
However, we are proceeding
as rapidly as possible with this
work and as soon as it is COM
pleted, and all liabilities OF the
corporation have been satisfied
and provided for, it is estimated
that a substantial second and
final liquidating dividend will
be sent to you, together with a
statement from our auditors
showing how the amount OF the
liquidating dividend on COM
mon stock was computed"
In order to permit the cor
poration staff to keep abreast
of the additional clerical work
for the liquidation, the cor
poration office will be kept
open from 10 am. to 2:30 pm.
Monday through Friday. until
further notice.
Organized in 1928
The corporation was organ
lied in 1928 by stockholders oil
the old District National Bank
who paid 500 a share for
cumulative preferred stock.
When the bank was closed IN
the 1882 bank holiday and
liquidated, the common stock
of the corporation was dis
tributed to former stockholders
of the bank, who held preferred
shares.
Most of the corporations
funds were invested in second
mortgages which eventually
paid out very satisfactorily. In
the meantime, arrearages on
the preferred built up to $84 a
share and new Class B pre-
ferred shares valued at S85 a
share also were issued, one
for each Glass A preferred
share.
Liquidation was approved in
October, 1861, after the cor
poration sold eight Northwest
Evening star., 1962-03-16
METALS

NEW YORK, Mar. 16 (AP).-Spot
nonferrous metal prices today: Copper
81 cents a pond, Connecticut Valley.
Zinc II cents a pound. East St. Louis.
Tin. 1.24 a pound. New York. For
eign silver, 1.014a per troy ounce
New York. Pittsburgh scrap steel. No
! heavy, was quoted by Iron Age at
40 O0-33 90
Evening star., 1962-03-16
District National Plans
Liquidoting Dividendof
SIS Per Common Share
BY DONALD b. HADLEY
Star Financial Editor

District National Securities Corp sent out letters to stock
holders today announcing plans for distribution of initial
liqudating dividend of $75 share its stock
substantial final liquidation dividend Of the
common will become possible when liquidation completed in
several months, it is estimated
Signed by Stephen Quigey the letter advised
Evening star., 1962-03-16

Washington apartment build
ings to VIM. Calomiris Invest
ment Corp. for around So mil
linn
Evening star., 1962-03-16
TREASURY BONDS

NEW YORK (AP)- Noon over the coun-
ter u. S. Government Treasury bonds,
bid, asked, net change and yield for Fri
Evening star., 1962-03-16
TWO PROMOTED BY SOUTHERN

Southern Railway today announced the pro-
motion of Donald ID. Strench Qeft) to assist
ant to vice president, traffic, to succeed Chal-
len E. Caskie (right), who was named to the
new post of assistant to vice president-opera-
tiOns. Both will continue to have offices here
Evening star., 1962-03-16
BUSINESS
BRIEFS
Rail Freight Loadings in tn,

Rail Freight Loadings in the
week ended March 10 totaled
525, ,696 cars, down 10 from the
previous week. but up 6.7%
from the like week a year ago.
Assn. of American Railroads.
Intercity Truck Tonnage in
"a metropolitan areas over the
Nation in the week ended
March 10 was down 1870 from
the previous week. but up 9.2%
from the like week a year ago.
Am. Trucking AsSns.
Montgomery Ward & Co.
sales in 5 weeks ended March 7
totaled $101 047,768, up 7.6%
from 1861.
Gamble SkOgm0, Inc. Febru-
airy sales totaled $9,653,511, up
1897 from 1861; for 2 months
$40, ,454,475, up 1850 from 1861.
Evening star., 1962-03-16
Earnings

Inland Steel Co. in year
ended December 81 earned $54,-
674,148 or $3.08 a share VS.
$47,050,611 or $2.68 in 1860.
MaceO Corp. in year ended
December 81 earned $2,650,000
or 1922 a share VS.. a loss of
1881 ,480 in 1860.
Columbia Pictures Corp. in 9
months ended December 81
earned $1,637 900 or $1.02 a
share VS.. a loss of $522,000 in
1860 period.
Other earnings included:
Evening star., 1962-03-16

an manager,
Evening star., 1962-09-16

q. l have no doubts that man will be able to
create an artificial environment on the moon
that will enable him to sustain himself for
long periods Of time. We will get de6nitive
data on this subject from NASAs Manned
Lunar Landing program. I believe had
better defer any discussion of the possibility
of stations on the moon or planets until we
know great deal more about them.
q. Hoo oan de public support ake Air Force
!" its dIOe 70 develop a strong space oqPobaityP
a. The American public understands that
the Department of Defense is charged with
the responsibility to provide for the defense
of the nation. Space is another approach
through which our security can be threat
ened. We must, accordingly, address the
space problem with the same resolve and
determination in the face of new threats as
in the past. If il becomes necessary to build
a military capability in space in order to
protect our national interests and preserve
our security, am confident we will have
public understanding. -TMs ssD
Evening star., 1962-09-16

effort 10 develop a rendezvous capability
would be concerned with POsitiOning two
friendly vehicles that are actively assisting
in the rendezvous operation.
Our problem in the military is to place
an inspection vehicle next to an un-cOopera-
tive satellite which may take either evasive
or defensive action. Our problem is more
difficult and requires us to develop special
lied equipment and techniques in order to
do the job.
q. Do yOu anticipate nhGs the Air Force sCiH
be building stations on dse moon and possibly
the planets?
Evening star., 1962-09-16
Wake up +
rarin' '..N
to go ~
without nagging backache

When nagging backaehe or muscular
aches and pains come ON with over-exer-
tiOn, stress. you want relief! Also, mild
bladder irritation may follow wrong food
or drink, often setting up a restless un-
comfortable feeling.
Doan's Pills work fast in 8 ways: 1, a
speedy pain-relieving action: 2. q sooth-
ing effect on bladder irritation; 3. a mild
diuretic action tending to increase kid
ney output. Enjoy n good nights sleep.
happy relief! Get Doan's Pills. For con-
venienee. buy the large sine.
ID OAM'S PILLS
Evening star., 1962-04-15

q PASSWORD.
Game. Bess Myerson and John Ireland
2:25 q AFTERNOON REPORT.
News. Floyd KaIber reporting.
q NEWS.
Matthew Warren reporting.
2:3o q LORETTA YOUNG THEATER.
Repeat dramas.
q THE cALIFoRNIANS.
Western. Adam Kennedy. tRepeat)
q SEVEN KEYS.
Audience participation. Jack Narz. host.
q HOUSE PARTY.
Variety Art LinkIetter, host.
300 q SPECIAL FOR WOMEN.
Hour The Problem Child" A docu-
mentary drama about an unruIy, defiant
child and his relationship with his
troubled parents. Pauline Frederick,
reporter, will interview Dr. Nathan
Ackerman, a psychiatrist, at the coneIu-
sion of the drama.
q WATERFRONT.
Adventure. Preston Foster stars.
q QUEEN FOR A DAY.
GVeaway. Jack Bailey. host.
q THE MILLIONAIRE.
Drama Featuring Marvin Miller
800 g GALE STORM SHOW.
Comedy. Starring Gale Storm.
q WHO DO YOU TRUST?
Comedy Quiz Johnny Carson, nc.
q THE VERDICT IS YOURS.
Trial. Bill Stout reporting.
3:55 q NEWS.
Douglas Edwards reporting
400 q MAKE ROOM FOR DADDY.
Comedy Danny Thomas
9 BOLD JOURNEY.
Adventure. "Glitterins Trail"
q AMERICAN BANDSTAND.
Variety. Hour. Dick Clark. host.
q THE BRIGHTER DAY.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07

% and to study various pro-
poSalS in the meantime.
Present at today's meeting
besides the officers elected were
Representatives Gala g h e r
Democrat, and WallhauSer, Re-
publican, both of New Jersey
and Chef Huntley, televisior
commentator.
The other commission men,
berS are Senator Case, Repub-
lican of New Jersey; Walter
Lippmann, columnist; and
Arthur Hays Sulzberger, pub
Usher of the New York Times
Former Presidents Hoover,
Truman and Eisenhower are
entitled to serve on the COM
mission in case they wish. They
did not receive notification OF
the organizational meeting in
time to attend, however, Mr.
Wirth explained.
The commission is charged
with considering and formulat-
ing plans for the design, con-
Struction and location of q
memorial in the District or its
environS and must report its
recommendations to the Pres
ident and the Congress.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07
NOCTURNAL SHOW AT THE ZOO
Privacy Invaded With flashlights

The lions and tigers roarec
thunderously, which was fine
for the visitors but may have
been disturbing to people in the
Mount Pleasant area.
And a Nile hippo took a post
prandial bath, doubtless hold
ing his breath under water
longer than anybody known to
his visitors.
The group began the tour,
which is sponsored by the
Friends of the Zoo, at the
Elephant House, with Zoo Of
ficials carrying bull horns to
project their voices.
AS the touring party passed
the pachyderm enclosure
Keeper Cecil Gray put his
charges through a few simple
stunts. There was polite ap-
plause as Nancy, the 9-year-
old African elephant, did a turn
on a huge stool.
Then DR.. Ted Roth, curator
of animals, pointed out Her
man, the one-year-old hippo
who refuses to go outdoors. The
curator explained that Herman,
i who was born in the Elephant
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07

House, thinks it is his natural
habitat and brushes off all eff
forts to get him out into the
sunshine.
Leading the way to the Bird
House, DR.. Roth noted the large
flight cage, once inhabited only
by a variety of flamingos, her
ons, gulls and the like. Inside
now, he said, are three spider
monkeys, the only tribe in the
world of simians that will leave
the birds alone.
DR.. Roth attempted to make
a speech on his bull horn in
front of the macaw cage, but
was shouted down by the
gaudily colored birds.
In fact, he had very little
luck with the birds. The par
rots also drowned him out; he
tried and failed to take a mouse
away from a hornbill and a
Philippine sea eagle gave such
a good imitation of an air raid
siren that the visitors hurr;" d
on to the Small Mann
House.
At the Bear Line, the visitors
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07
BY JERRY O'LEARY, Jr.
Star Staff Writer

All the furred, feathered and
sealy creatures at the National
Geological Park put on a noe
turnal show last night for about
300 flashlight carrying fans
The occasion was the annual
Zoo night tour.
The aardvark, whose main
use up to now has been to lead
off children'S alphabet books
woke up. No daytime visitor
ever sees him in anything but
the deepest slumber.
Tomoka, the baby gorilla
cIutched his blanket in his
nursery like any other 9-month-
old primate and gave every
sign of not wishing to have the
lights turned out.
Jiggs, the male chimparzee
ratified his bars with fury at
being disturbed past his bed
time.
The sloth colony remained
asleep throughout the visit, but
then it takes a practiced eye
to tell when they are awake.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07
Carpenters Slate
Graduation Purty

The Joint Carpentry Ap-
premiership Committee of the
District and Vicinity will hold
its 18th annual anniversary
banquet and commencement ex-
ercises at 6 pm. tomorrow in
the Sheraton-Park Hotel.
Calvin D. Johnson, assistant
to the vice president of the
Remington Rand Division of the
Sperry-Rand Corp, will be
POSTMASTER.
Speakers will include John
R. Stevenson, first general vice
president of the United Broth
erhood of Carpenters and join
ers of America, and Edward E
Goshen, director of the Bureau
of Apprenticeship and Training
of the Department of Labor.
The Joint Carpentry Appren-
ticeship Committee is made ur
of officials of four building
trade associations in the Wash
ington area.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07
U. S., Soviet
Space Talks
Show Gains
BY the Associated Press

The United States and Russia
have made progress in technical
talks on joint space ventures
but have not yet reached final
agreement. Further discussions
likely will be held in Moscow.
This was reported by the
State Department yesterday in
announcing conclusion of pre-
liminary conversations in &C.
neva between Hugh Dryden
deputy director of the National
Aeronautics and Space Admin
istration, and his Russian op-
poSite. Anatoly Blagonravov.
Press Officer Lincoln White
said that in several weeks OF
informal technical discussions
Mr.. Dryden and Mr.. Blagon-
ravov completed a useful ex-
change of information about
their respective governments
space project plans.
The aim of the talks was tc
compare technical notes or
projects such as communica-
tons and weather satellites tt
see where practical co-opera-
ton might be possible. Fol
instance, the Russians might
be able to supply relay stations
for signals to and from United
States communications satel-
lites.
Mr.. White said Mr.. Dryden
and Mr.. Blagonravov will now
report to their governments or
their talks and probably will
meet again. 1t will be up to the
home governments to decide
whether to go ahead with CO.
operative space activities.