davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-07-09
Earnings

Illinois Central r. r. in 6
months ended June 30 earned
$4,999, $50 or $1.59 share, VS..
$4.8l6,826 or $1.54 in 1861
period.
Western Union Telegraph in
S months ended May 81 earned
$3922, ,508 or So cents a share VS..
$3,741,613 or So cents in 1861
period.
First Lincoln Financial in 6
months ended June 80 earned
81 $4,000 or $1.00 a share VS..
$672.688 or so cents in 1861
period.
First Surety Corp. in 6
months ended June 80 earned
$1,218,541 or SLIP a share VS..
$666,791 or 81 cents in 1861
period.
Jim Walter Corp. in 9 months
ended May 81 earned $1,120, ,698
or 81 cents a share VS.. $780,
7l8 or STA in 1861 period.
Evening star., 1962-07-09
Electric Appliance
Sales Vary Here

Sales of electric appliances
in the territory served by Po-
tomac Eleceric Power Co. fol-
lowed an uneven pattern in the
first five months of this year,
according to trade sources.
Refrigerator r-freezer unit
sales totaled 1888 VS.. 15,648 a
year ago, while electric range
sales totaled 5,099 units VS..
4,164.
Automatic clothes washers
numbered 1887 VS.. 11,7l4 and
electric dryers totaled 4,330 VS.
1926 a year ago. Room air.
conditioners numbered 15,441
VS.. 10,829. vacuum cleaners
totaled 9,784 VS.. 6,941 and de-
humidifiers increased to 4.422
from 2,603.
However, sales of radio sets
declined to 26,700 from 32,554
and teleYision sales 27,500 from
1886 a year ago. Freezer sales
slipped to 2,506 units from
3,414.
Evening star., 1962-07-09
Steel Chiefs
Link Upturn
To ok Cut

CLEVELAND, July 9 (AP).-
Many steel industry executives
feel Washington holds the keys
to what could be a significant
pickup in business, the maga-
zine Steel reported yesterday.
They say a cut in personal
income taxes will likely bring
a surge of consumer buying.
the trade publication said.
Many executives see strength
in the automotive, appliance
and construction industries,
and believe the summer busi-
ness showdown will be less
than seasonal, the magazine
reported.
A majority in a spot check
believe new orders for steel and
production will edge up after
mid-July. Steel said most steel
men look for new orders in the
fourth quarter to equal or ex-
ceed those of last years final
period.
Ingot production in the third
quarter was forecast at from
20.3 to 21.5 million tons, COM
pared with 23.5 million tons
for the second quarter.
Production last week was at
its lowest point in 18 months
as many mills suspended for
the July Fourth holiday. Steel
estimated production at 1885,
900 ingot tons.
The magazine said the scrap
steel market was up last week,
with the composite price on No.
l heavy melting grade rising
so cents a gross ton to $25.33
after holding steady for four
weeks at $24.83.
Evening star., 1962-07-09
Revere Gets Contract
For New York Fair

Revere Furniture and Equip
ment Co. of Washington has
received a 100000 contract for
interior desiging and decorat-
ing of the STORY Tread
way Hotel for the 1864 Worlds
Fair in New York.
Hugh w. Dear of the Revere
staff will supervise the project.
Furniture and furnishings will
be custom designed by Revere.
Evening star., 1962-07-09

T. Kendall, economist for the
trade organization, predicted
in their quarterly letter on eco
nomic trends that associations
will account for more than As
per cent of the Nations total
home mortgage volume in
1862 at the current lending
rate.
They said commercial banks
recorded II per cent of the
total home mortgages made in
the first 1861 quarter, a gain
of l per cent from a year
earlier.
Commercial bankers have
shown little inclination to seek
entry into the conventional
home mortgage market" Mr..
Strunk and Mr.. Kendall said.
Most of their mortgage activity
has come in the form of pur-
chases in the secondary mar
ket."
Purchases from the Federal
National Mortgage Association
and off the shelves of the
mortgage bankers may do little
to. make more funds available
to home builders and home
buyers, they added. Savings
and loan associations continue
to- find the major competition
coming from other aSsocia-
tions." they said.
According to the quarterly
letter. net savings gains in the
Nations major savings insti-
tutions reached an all-time
high during the first quarter,
with around $8.7 billion added
to the account balances Of COM
mercial banks and associations.
This was 81 per cent more
than during the first quarter
last year. the best previous
first quarter in history and
more than 100 per cent above
the average of first quarters
for the five previous years, the
letter said.
January March savings pat
terms became considerably
more subdued in April and
May in both associations and
commercial banks because of
increased consumer spending
for autos and other durable
goods and the general business
recovery, it declared.
Evening star., 1962-07-09
Insurance Agents to
Hear Hodges, Wyatt

Secretary of Comm ere e
Luther H. Hodges and DeMar-
quis Dale Wyatt, director of
the office of programs of the
National Aeronautics and Space
Administration, will be speak
ers at the 68th annual con-
vention of the National AS
sociation of Insurance Agents
at the Sheraton-Park Hotel
here September 24-26.
Thomas A. Bivin. chairman
of the governing committee of
the Foreign Credit Insurance
Association, will address a
luncheon.
A sales and marketing semi
mar, an agency management
workshop and a panel discus
sion of the technical aspects of
insurance will be other fea-
lures.
A model agency exhibit will
demonstrate modern proce-
dures and equipment.
Evening star., 1962-07-09
BUSINESS
BRIEFS
Credit Clearing House, a pri-

Credit Clearing House, a pri-
vate organization, reported
1,136 retail apparel businesses
were begun in the first six
months of 1862, while failures
grew to 722, up 80 from the
1861 period.
Georgia -Pac. Paper Corp. an
nounced acquisition Of the
Crossett Co. has been assured
by the depositing of 99.4%o of
the Arkansas firms common
stock with depository banks.
Burton Dixie Corp. an
nounced the acquisition of Fos-
ter Bros. Manufacturing Co.,
Inc, of Baltimore, Md.
Evening star., 1962-07-09
By CHARLES YARBRoUeH

would have been 10000 instead
of $4,000. %
The Foundation is an OUT
growth of Nationwide traffic
safety program launched in
1886 by the Automobile Manu-
facturers Association and in its
first year proved so successful
that the automotive industry
established it as a full time,
non-profit organization. 1t is
now supported by more than
600 companies and industrial
groups. -
One Of the Foundations
strongest and most commend
able stands is the campaign for
more and more high school
driver education,
Each year nearly three mil
lion teen-agers reach driving
age, with more than half OBJ
tanning licenses before they are
20. By 1870, the Foundation
estimates, the annual incre-
of eligible new drivers
will reach four million-11, 900
every day.
The Foundation feels that
increased attention must be
paid to high school driver train
ing if continued progress in
accident reduction is
to be made"
Just a week ago, Packard
was added to the list of almost
$500 names that have faded
from the automotive scene, but
Studebaker has assured own
erS Of the 200, 900 Packards still
on the road that they will not
suffer from lack of parts.
Anyone remember some Of
the others in that faded list Of
$500?
Such as the Black Grow Of
1905; the Calorie of 1923; Fish
back of 1912; Longest, of 1912
and the O-We-Go of 1914?
y
Who should be on hand when
Ford produced its 80 millionth
V-8 engine last week but Frank
Hachlinski, who helped build
the first va for Ford in 1882?
Evening star., 1962-07-09

the largest and best equipped
motion picture sound stages in
this area. The sound recording
division has facilities for pro-
duction of radio, television and
motion picture sound tracks,
as well as phonograph records
and educational and industrial
material.
The motion picture and sound
recording business, originally
known as Del AnkerS Produc-
tions, has been located at 2424
G street NV. since 1851. Del
Ankers is president and Fritz
Roland is secretary-treaSurer
Evening star., 1962-07-09
ON WHEELS
Cannon Ball
Might Be Faster

1t requires real imagination
to apply the word automobile
to the contraption which soon
will seek a new land speed rec
ord over Bonneville's Salt Flats.
1t is also an understatement
to describe 25-year-old Craig
Breedlove, who'll try to drive it
upward of 500 miles an hour,
as a speed enthusiast.
The vehicle is 6 feet high, IL
feet wide and 35 feet long, and
will be powered by a J-47 jet
engine. The Goodyear tires are
four feet tall, but are designed
with such a low profile that
they measure only As inches
from wheel to ground.
Primary sponsor Of the speed
project is Shell Oil, but Good
year is in on the vehicle with
tires and brakes.
Present land speed record
13 years old-is held by Brlton
John Cobb at 394.196 miles an
hour.
The Shell Goodyear car"
runs on three fixed wheels; is
Steered automatically at speeds
above $50 by a rudder near the
nose wheel and below $50 by
aircraft brakes on the two rear
wheels.
Three years in construction,
the Spirit of America vehicle
was aerodynamically designed
and tested in wind tunnels nor
mally used for jet aircraft.
Last weeks news stories,
tallying up the dread holiday
traffic toll, figured that auto
mobiles killed about one per-
son every Is minutes.
1t brought to mind estimates
made by the Washington-head-
quartered AutOm0tive Safety
Foundation, which observed its
25th anniversary last month.
The Foundation agreed it is
impossible to calculate the
lives saved by its work over a
quarter-century, but declared
that, mile for mile, highway
travel is now three times safer
than it was the year before the
Foundation came into being.
Projecting the 1861 traffic
fatalities on the basis of the
rate, last years toll
Evening star., 1962-07-09
RodeI Productions
Plans New Quarters

Rodel Productions, Inc, is
moving to new studio quarters
at 1923 33d Street NV. in
Georgetown.
The recording branch of
the company, Rodel Audio
Services, under the supervision
of Nelson S. Funk. has been in
operation at the new location
for nearly a month. Offices
and motion picture production
facilities will be relocated by
tomorrow.
! The new studio has one of
Evening star., 1962-07-09
Schuster Resiqns
EVERGREEN. Colo

EVERGREEN, Colo, July 9
(AP) Frederick L. Schuster
confirmed at his mountain
summer home today that he
has resigned as chairman of
the Automatic Canteen Co. of
America. He said he will devote
his time to his work as an
economics conSultant in New
York.
Evening star., 1962-07-09
Pentogon Federal
Enroll 50,000th

Pentagon Federal Credit Un-
ion recently enrolled its 50,-
000th share holder, Al/C Jack
elyn E. Thacker, President
Charles v. Brewer announced.
Miss Thayer received a bou-
quet of roses and a transiStor
radio. Under Secretary Of the
Army Alfred B. Fit made the
presentation.
Pentagon Federal has served
Department of Defense personel
for 81 years and has assets of
more than Sl1 million.
Evening star., 1962-07-09
METALS

NEW YORK, July Q (AP). - Spot
nonferrous metal prices today: Copper.
81 cents a pound: connectieut valley.
Lead, ga cents a pound, New York.
Zinc. 1ll2 cents pound. East St.
Louis. Tin. l.l2Hs a pound, New York.
Foreign silver .0224 per Troy ounce,
New York. Pittsburgh scrap steel No.
heavy was quoted by Iron Age at
25.00-26.00.
Evening star., 1962-07-09
Sovings and Loans
Reported Still LEADING
In Home Finoncino
BY DONALD b. HADLEY
Star Financial Editor

Savings and loan associations continued to dominate the
national home field in the first three months
1852 while sharp savings of commercial resulted
only tiny rise in mortgage lending by banks officials
OF the United States Savings and Loan League said today
Norman Strunk, league executive president
Evening star., 1962-07-09

house but you're worrying
about your job. losses in the
stock market or a recession,
you're not going to borrow
heavily to finance your plans -
no matter how easy and cheap
the loan.
Credit Not Enough
Credit today is ample and
relatively inexpensive. Through
out this advance monetary
policy has been doing as much
as it could to spur the economy
but obviously, it hasn't been
enough.
That leads to the other
answers" - primarily and
urgently, tax reductions for
individuals across the-b o ard
and for corporations, to Stim-
ulate business spending on
plants ana equipment ana con-
sumer spending on all sorts of
things. This is the one anti
recession weapon we've not
used to date, and it's the most
powerful weapon of all.
President Kennedy says he's
waiting for more figures before
he makes a decision on a tax
reduction bill. When the latest
figures are in, I'll wager they
add to the case for a tax cut.
The economy, at best. held on a
high plateau" in June. From
a strictly economic point of
view, I find it harder and
harder to understand the delay
in seeking ways to pull the
economy onward.
Distributed 1862. by The Hall
Syndicate. Inc. All Rights Reserved
Evening star., 1962-07-09
OVER COUNTER

Following prices furnished by the Ma
tional Association Of Securities Dealers
which locally active securities could have
been bought or sold at l pm. Monday,
JulV O. 1852
Evening star., 1962-07-09

The Park University Motel College 81 its
ia units and expected be August There will be three
large meeting with banquet facilities AGO. The motel ad
ant to the University Maryland u Route Stewart Bainu
the builder Ronald SenSeman the architect
Evening star., 1962-07-09
TREASURY BONDS

NEW YORK (AP)-Noon over the coun-
ter U. s.. Government Treasury bonds,
bid, asked, net change and yield for
Evening star., 1962-07-09

Partially tax exempt.
Evening star., 1962-09-28
PIuyoff Dates Set
In Event Giants
And Dodgers Tie

LOS ANGELES, Sept. 2s
(AP).-If Los Angeles and San
Francisco end the season In q
dead heat, the teams viii open
a best-two-of- three playoff Sc
ries Monday in San Francisco's
Candlestick Park.
The playoff winner would
represent the National League
in the World Series against the
Yankees. I'D.
National League President
Warren Giles, who announced
the playoff dates yesterday,
said the second and, II neces-
sary, third games win be played
October 2-3 at Dodger Stadium
in Los Angeles.
Meanwhile, Commissioner
Ford Frick has announced
that, regardless Of the number
of playoff games, the World
Series will start next Thurs
day, and that the first two
series games will be in the
National League city. This
means that the National
League representative, in event
of a three-game playoff. would
go into the series without q
days rest.
Evening star., 1962-09-28
BY FRANCIS STANN

Of clubs that have been bitter disappoint-
ments.
Vernon is one. Add Billy Hitchcock Of
the Orioles and Johnny Keane Of the Cardi-
mails to the list Gene Mauch of the Phillies
viii be back, too. So will Harry Craft of the
Colts and Casey Stengel of the Nets A shoo-
in to repeat was Bill Rigney of the Angels,
who was given two-year contract with an
appropriate raise.
81
NOT LONG AGO the line of managerial
candidates formed to the right. Leo Du-
rocher, when he was holding lesser base
ball post, always was mentioned as pros
pective manager. The same for Dresser,
but Durocher apparently no longer Is
interested
Business and the radio-TV industry
seem to have become more inviting to some
potential managers than baseball, which
never has been famous for offering secur-
ity. So, for the moment, most clubs are
intent on keeping what they've got.
This was to have been a big season
for the Cardinals. They were regarded as
bona-fide flag contenders Now they'll be
lucky to finish sixth In the National League.
But Manager Keane was resigned, although
Gussie Busch, like Quesada, shook up the
higher echelon.
ONLY THE CUBS had no manager to
rehire or to fire. Under Phil Wrigley's Sys-
tenn of rotating coaches there was no So
called permanent manager. But Charley
Metro, who has been the head coach most
of the season, apparently believes mana
gerial talent is so scarce that he can get
Wrigley to abandon his plan. Metro has
suggested that P. K do Just, naming
Charley, Of course, as manager.
1t may be significant, too, that two
managers are working at 1t mostly for
kicks. These are stengel and Lopez. OF
Casey, who agreed to return to New York
in '63 at a reputed salary of $4,000, is
independently wealthy. Stengel has to ar
que with his Edna, who thinks 70, going
on "a, is too advanced an age to be flying
back and forth across the country and wear
ing rompers every day.
Lopez is far from dependent on base
ball salary. AL has 1t made, financially,
thanks to extensive real estate holdings in
Florida. In fact, Lopez had insisted on one
year contracts, until this week, so as to be
free to quit at any time.
Vernon has his one-year contract, but
not from choice. Still, Mickey Jared better
than Doherty and will come out ahead Of
one, two or even more Of his present
coaches. Any day after this week the ex-
odus may begin. And this is on authority
Just as good as that which doomed Doherty
and nearly doomed Vernon.
Evening star., 1962-09-28
VIM LOSE OR DRAW
Scarcity Of Managers
Was Break for Mickey

MICKEY vERNoN's FRIENDS, who
are legion, don't know whether to congrat-
ulate him or commiserate with him. They
figure Mickey is guy under gun. He will
manage the Senator'S In SO but not nee
essarily for SO. There's difference.
For example, suppose the Senators
aren't doing well next June / or so. Any
body like his chances of managing the
final four months? That's like asking II
anybody likes Frozen Floyds prospects in
q rematch with Sonny Liston.
1t was seven weeks ago today that
President Pete Quesada, over a downtown
luncheon table, told The Star that he was
considering the replacement of both Cen
eral Manager Ed Doherty and Vernon. In
his own mind Quesada already had begun
to screen candidates for the two Jobs.
Then it must have occurred to him that
II both men were dismissed it would mean
a shortage in the genius department. Some
body who was familiar with the wants and
needs Of the club had to be held over. The
choice was Vernon, Just as it had been on
that day, when Quesada said, I'D like to
keep Mickey in the organization but don't
know If he would be agreeable"
&&&
WHAT QUESADA HAD In mind, then,
was another job for Vernon. But wanting
a new manager is one thing and finding
him is another. Big leaguetype pilots are
not plentiful these days.
In Chicago early this week AL Lopez
was talking on the subject. I'm pulling for
Mickey to get another contract" said AL,
who had Just agreed to a two-year pact
with the White Sox. II don't see how Wash
ington could do any better even If there
were managers available.
"But there are not many potential man
ayers" Lopez conceded. 'This is the first
season can remember when not single
big league manager has been fired Ger
tainly we're not all winning"
One reason for the shortage, Lopez
thinks, is the sad state of the minor
leagues, which seem to be producing fewer
bright new managerial candidates. "The
minors can't afford to pay enough to at
tract outstanding men," AL said. I'D guess
only a few managers-Charley Dresser,
Kirby Farrell and maybe couple Of others
ARE drawing any kind Of money"
WITH THE END OF THE season only
three days away it is remarkable that not
q single pilot has been let out. Even more
remarkable when now, instead of 16 or 1S
managers, there are 20.
This doesn't mean there won't be one or
more casualties. These traditionally are
anxious days for managers whose contracts
are up But at least eight already have been
signed for 1868, and among these are pilots
Evening star., 1962-09-28
Colts Extend
Kruft's Pact
Through '64

HOUSTON, Sept. % (AP).-
The Colts have tackled another
year on to thetwo-year con-
tract Of Manager Harry Craft.
Paul Richards, general man
ager, left no doubt yesterday
that the extension was a re-
ward for plotting Houston's
first major league team to
eighth place.
The Colts, practically a
unanimous preseason choice
to finish last in the expanded
10 team league, clinched
eighth place Tuesday night by
defeating the front-running
Dodgers.
"a guy opens the season with
a potentially 10th-place team,
finished eighth. and does the
overall job OF improving the
players. 7 have to say he did
WE'LL" Richards said.
Terms of the contract that
now extends through 1864 were
not announced, but Craft is
believed to be receiving about
$4,000 a year.
Evening star., 1962-09-28
Read This
MaFkef Tire
ROAD HAZARD
GUARANTEE

The fires ore guaranteed for
the period osoinst ali road
hozoTds, except fire, oeeI.
dem, chain c0t, running
while flof, unbalanced or
misolignsd wheels, ond Will
fUl obuse. If our inspection
shows the tires hove follsd
under the terms Of the suuF.
cnfee, they win be Cepuired
FREE or q pro-sdto allowunes
ebossd on tho original selling
price and months owned or
trsod used, whichever 10 TO
the customers odvcnfogs,
will be olIowed on the pur.
chose Of q new fire.
Evening star., 1962-09-28
Middies Face
Another Tough
Forward Wall
BY ROBERT sONNIERs
star Staff writer

Navy, which had its troubles
with Penn States big, rugged
line last week, goes up against
another strong herd Of for
wards when it meets william
& Mary tomorrow at Annapolis.
Cams time is 2 o'clock.
Fortunately for the Midship-
men. William & Mary doesn't
have much else to offer, so
Navy has been installed q
three touchdown favorite.
In its two previous games,
W&SM defeated VPI in the
seasons opener, 8 0, then
dropped a 1877 decision to Vir-
ginia.
Navy is still reeling from the
Ait pounding at the hands of
Penn State and If it did nothing
else for the Midshipmen it made
them q little more grim for to-
morroW'S game.
There's been q quietness
about the kids this week,
Wayne Hardin, the Navy coach,
said THE spirit is good and
they always play their best with
their backs against the wall.
Their backs are certainly
against the wall after last
Saturday"
Reports originating in Will
liamsburg and amplified by
Steve Belichick, Navy's CHIEF
scout, say that the Indians
have a quartet Of fine tackles
headed by T. W. Alley on the
left side and John Sapinsky on
the right side.
The only sore spot in the
entire Navy starting line is
the knee Of Steve Hoy, guard
and captain. Hoy was injured
last Saturday. but only slightly
He's listed among the starters
against william g. Mary.
Ron Klemick will start at
quarterback with John Sal and
Jim Stewart at the halfbacks
and Pat Donnelly, whom Har-
din said played a good game
Saturday. will return at full
back.
Dan Henning will open at
quarterback for the Indians
with Charley Weaver, W&M's
best back, at one halfback and
Scott Swan at the other. Stan
Penkunas will play fullback.
With John Gravely, the regu-
lar center, injured and prob
ably out for the season, Dick
Karns has taken over the pivot
with Mike Lesniak and Bob
Soleau at guard and Dennis
O'Toole and Dave Lipke at the
ends.
Evening star., 1962-09-28
Bombers Get Revenge

WINNIPEG, Sept. % (AP).-
The Winnipeg Blue Bombers
avenged a $50 preseason ex-
hibition loss by defeating the
Montreal Alouettes 1928 last
night in a Canadian Football
League game. 4