davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-05-30

sues, had virtually made up
the losses suffered during the
past two days.
The Rome market. which had
shed an overall 5 per cent Of
paper values, regained more
than half of the losses.
Officials of the Brussels Stock
Exchange. which also opened
fairly buoyant, decided to stay
for trading on Friday. normally
a holiday. in order to give prices
a chance to find stable levels.
The Milan stock market fol-
lowed Wall Streets lead with
substantial gains in leading
equities. Fiat automobiles was
up from 1900 lira to 1850.
Montecatini Chemicals from
3.125 to 3.20l and Olivetti Type
writer's from 5000 to 9.445.
Leading shares on the AM
sterdam Exchange rallied well.
Rolay Dutch quickly climbed
to 1872 guilders. up 10, Unilever
1880. up los, and Phillips
ITO, up 38.
Rally in Toronto
European markets closed
Tuesday too early to get the
news of the big rally in New
York. The first to reflect the
Wall Street revival tendency
were Canadian exchanges,
which are more closely geared
to New York.
A rally set in at Toronto
Tuesday after an early morning
slide. At the close. the Toronto
industrial index of 20 leading
stocks showed a net gain of
5.57 to 563.23.
The rally was much greater
than the net figure showed,
however, for the index had
been driven down 1888 points
earlier in the day by waves of
selling orders.
An exception to the rebound
ing trend showed up in the Far
East, where prices on the
Manila Stock Exchange fell off.
Commercial and in dustrial /
averages we're fairly firm. but
most trading was in mining
shares. whose average dropped
3.71 points.
Evening star., 1962-05-30

pens is that he is shaken off. +"
In another development yes
terday, H. Ladd Plumley, pres
ident of the United States
Chamber of Commerce, blamed
the markets decline on lack of
business confidence.
Addressing the National Press
Club, Mr.. Plumley said conf
dence has been weakened by
disappointment at the econ
omy's performance, worry about
profits and the administrations s
action forcing the steel indus
try to cancel price increases
last month.
Evening star., 1962-05-30

was running so far behind &C
tual transactions.
The first sign of a break in
the decline came when flash"
prices - quotations advanced
ahead of sequence to give near
ly up-to-the-minute looks at
key stocks - began to show
some losses turning into gains.
At the stock exchange each
heartening "flash" quotation
raised a swelling murmur from
the 2.300 people circulating on
the gym-like floor
The din grew progressively
louded and the pace quickened,
brokers moving with a rapid
shuttle to get maximum speed
without breaking the EXCHANGES
rule against running.
Broker Uses Elbow
One balding broker, with
some order slips in his mouth
and others sorted in patches
between fingers, had to use his
elbow to get the attention of
his firms telephone clerk in
one of the stalls that line the
walls of the vaulted room.
The telephone clerks ate
sandwiches where they stood
tending the direct lines to
brokerage offices.
Used order slips-blue, white
and pink-grew into a carpet
on the hardwood floor, building
up into mounds against the IS
horseshoe trading posts that
stand as islands in the sea of
traders.
Evening star., 1962-05-30
Stocks Regain
Much Of Loss
In Europe

LONDON, May 80 CAP).-
Stock exchanges of Britain and
Europe bounced back strongly
today in the wake of Wall
Streets recovery.
Buying orders poured into
the London Exchange and most
of the previous days losses
were retrieved within two
hours.
The Financial Times index
Of 80 industrial common shares,
which had slumped l8 points
yesterday. rebounded 16 points
by lunch time.
There is a mad rush to
get back in" one busy jobber
told newsmen.
Zurich Confident
In Zurich, where even blue
chip bank stocks had been
badly hit. confidence also re-
turned quickly. Soon after
trading on the Bourse began
prices were virtually back to
levels which prevailed before
the onset of the panic-tinged
selling.
Buyers appeared in large
number in Frankfurt to take
advantage of what they re-
garded as bargain basement
prices prevailing after the
shake-out. Gains of 20 to 40
points quickly develop e d
through much of the German
stock list.
In Paris, buying stabilized
stock prices on the Bourse a
few minutes after opening. In
some cases there were sub
stantial markups.
Oil and some auto shares,
along with Suez Company is
Evening star., 1962-05-30
Kids Get Long Count

TOKYO. May 80 (AP).-
School officials in Osaka rep
rimanded an elementary school
teacher who gave his class a
homework assignment of count
ing from one to 100 million.
Protesting parents said it would
take their kids years to do it.
Evening star., 1962-05-30

ness as well as a near record
Visitors lined up deep in
Stock Exchange waiting their
below.
Brokerage houses in the
by people watching the quo
tation boards.
They had come to watch the
biggest burst of activity the
market has mad since 1929,
wondering whether they might
witness another momentous
crash.
What they saw was a hectic
rash of trading that by its own
tremendous volume was all but
impossible for most to follow
as stocks slid lower and lower,
then steadied, then rose.
Mood Is Curiosity
The mood of onlookers early
in the day was more curious
than concerned, with Specta-
tors who owned falling stocks
joining others in expressing
confidence things would i'm
prove.
Officials at brokerage firms
had to Jockey for position tc
see their own quote boards.
Merrill Lynch, Pierce, Fennel
& Smith, five blocks from the
Stock Exchange. had to dis
courage its own employees from
coming down from other floors
to join the crowd in the main
room.
The firms statesmen juggled
phones, munched sandwiches
and stood up now and then to
peer with opera glasses over the
heads of the 200 onlookers at
the quote board.
Posted Prices Old
Posted prices on the board
we're relatively old-more than
2 hours old at one point-be-
cause the quotation ticker tape
Evening star., 1962-05-30
Stocks Rally Reduces Talk
By u. S. Officials of Tax Cut
By LEE NJ. COIN
Star staff Writer


The Kennedy administration
breathed a little easier about
the stock market today, with
out really relaxing.
High-ranking officials avoid
ed making predictions. but they
talked optimiStically about
signs of strength in the market,
which was closed today for Me-
mortal Day.
Discussion Of a. quick tax cut
to buck up confidence started
fading.
IF I were in a position to
buy stocks. I would be buying, {"
one official said.
Yesterdays tremendous rally
suggested that "An awful lot
Of bargain hunters had been
waiting on the sidelines" dur
ing the markets noSedive, he
said.
At the first sign that the
market was moving up, he con-
tinued, "They rushed in with
buy orders" The magnitude of
the rally. he said, demonstrated
that this was not a weak
kneed movement, but a strong
one"
"NO Stampeding"
Even if the market does slide
again, he said, There will be
no stampeding or panic in the
administration"
Another high official COM
mented, I'VE feel fairly stable
about the situation" He added:
Our blood pressure hasn't
been running up and down with
the market, and it won't. The
general economic outlook is
what we ride by, and that's still
very favorable"
Although the market was so
high that a correction was no
surprise" an official said, "the
depth of the drop was IRA
tional." 70
He said traders finally real
lied yesterday that "the eco
nomic situation is sound" just
as the administration has been
asserting, and so they bought
stocks.
Despite the CHEEKY .appraisals
officials acknowledged that the
markets plunge could retard
the economy's upturn. When
billions of dollars Of stock
values are wiped out, one Off
cial said. people feel poorer,
and that can affect their de-
cisions" on buying and invest
ment.
Minimal Impact Seen
But he said any adverse i'm
pact on the economy probably
will be minimal. Related to
gross national product, he said,
the stock markets effect might
be "a few hundred million dol
lars or perhaps a billion or two.
but certainly not tens of
billions"
The administration in Janu-
ary predicted gross national
product-total output of goods
and services-would climb to
$3.50 billion this year from 1921
billion in 1861. Many econ
omists trimmed this forecast
to between $500 billion and
$565 billion even before : the
Stock market dropped.
Commerce Secretary Hodges
said at a news conference yes
terday that reduction of corpo-
ration and individual tax rates
possibly effective this year
would help bolster business
confidence and thus strengthen
the stock market.
Treasury Secretary Dillon,
however, said he did not think
an immediate tax cut was
needed, and other officials
Joined in talking down the idea
of tax reductions this year.
One official said chances for
general tax cuts this year are
"less than $3.50, but you never
can tell"
If the economy falters un-
expectedly, he said, considera-
ton Of a quick tax cut will get
due emphasis.
The administration an
nounced lGng ago that it plans
to propose tax reform"
program this summer, for con-
greSSional action next year.
The idea had been TO offset
rate reductions by closing
Evening star., 1962-05-30
LOST

ANTIQUE BRACELET. gold, engraved
inside. annie C. Smith, 1879; Sat.
eve, May 20; reward for return.
CAT. siamese.. mo-. female, Friday,
vic; Harwood ST.. Springfield. 451-
CAT. siamese seal point. T., back, white
Sfa; sThs fyeWSTd ysaISTd 0efa oI 4.sos$ cG VICINITY
CRYSTAL EAGLE RADIATOR ORNA-
MENT, sentimental value; lost
Georgetown about 2 wks. ago; $50
Mr.. MCLEAN. AK. 9-949i. s.
male male: name Happy; Pine6rook rd.,
Franconia. Alex. Va. 765-1955.
with black muszle, training collar;
Mutt; vic. No. Kensington. VIII.
6-5233.
DOG, Chihuahua. small, light brown;
vic. Bradley blvd. and Wilson lane;
no tags. OIL. 4-1S23.
DOG, female, mr.. Dupont Circle; boxer
shepherd mixed, blond; D. C. and
rabies tags. 234-5377.
DOG, poodle, toy. black, white spot on
chest: reward. ia. 7-0027, ST.
3-170O.
pm, silver bowknot, vic. n. Capitol
and Missouri ave. or cab. May II;
reward. La. 6-157S.
WALLET, blk. leather. on May 20;
name c. NJ. Hawkins; cont. val, pa
pers and money. Reward. Return
owner, Bellevue Hotel, 10 st. NV. !.
WALLET, red, lady's, lost Tues: con-
tains Fla. Identification; vic. McKin-
ley st. NV. and Nichols ave. s.e.
Phone EN-. 3-7195.
WEDDING BAND, % 6-pt. diamonds;
can identify further; vic. Mclean,
May 26; reward. 684-SS39. after
8 pm.
Evening star., 1962-05-30
Asks Congress Help

Congress, he said, could help
by passing the administrations
proposed tax incentive for busi-
ness investment, now pending
in the Senate Finance Commit
tee.
Secretary Hodges said the
administration should continue
to reaSsure business that it
favors bigger profits.
The markets gyrations pro-
voked a rash of comment from
Congressman.
Senator Goldwater, Republic
can of Arizona, said there had
been nothing in Mr.. Kennedy's
actions in rolling back the steel
price increase or new spending
proposals Ito give the invest
ment world any confidence"
Senator Clark, Democrat of
Pennsylvania, said those who
seek to identify the market de-
cline with Kennedy admin
istration policies are indulging
in loose talk" and economic
idiocy."
Senator Wiley, Republican of
Wisconsin, suggested that the
Banking Committee should in
quire into the cause of the
slump.
Mr.. Hodges said uninformed
small investors probably were
mainly responsible for the stock
market break, rather than pro-
fessionals. Speaking of the
small investor, he said: "All he
has is a tip or he sees the
market going and he wants to
get on, and what usually hap
Evening star., 1962-05-30
FOUND

pSSs SSsEr5 mi1sd sNIas IA Ola1s REscHE cH
LEAGUE. NO. 7-5730.
DOG, collie. brown and white. lge.
THE WASHINGTON ANIMAL RES
CUE LEAGUE. NO. 7-5730.
DOGS, hounds, mixed 81. brown.
THE WASHINGTON ANIMAL RES
CUE LEAGUE. NO. 7-573O.
DOG. collie, male, sable. white, very
friendly; vic. Kensington, Md. 565-
37S7.
DOG, boxer, male: vic. Of wheaton.
Nd. Call VIII. 2-7177.
Published Daily and Sunday
at 225 virginia Ave. S.k.
Second Class Postage Paid
at Washington DC.
Evening star., 1962-05-30
Throngs Of Spectators
Crowd Wall Street

NEW YORK. May 80 CAP).-Wan Street did rush busi-
ness well record business Yesterday
Visitors lined deep in the corridors of the New York
Stock Exchange waiting their turn the trading floor
below.
Brokerage houses financial district were clorred
Evening star., 1962-05-30

"loophoies," so the Govern
ment would sustain no net loss
of revenue.
Weight Tax Cut Later
In recent weeks, however,
the administration has been
leaning in favor of a net re-
duction of the total tax take
to stimulate the economy. But
President Kennedy has not
been expected to call for such
action this year.
Mr.. Hodges said cuts in in
6ividual and corporation tax
rates are overdue" In addi-
ton, he said the Treasury
should rush action to liberal
ize guidelines for business de-
probation allowances.
Secretary Dillon talked to
reporters after he and other
high officials had conferred
with the President about the
stock market yesterday MORN
ing.
I'VE see no reason for panic
action" by stockholders, he
said, adding: II do hope small
investors realize our economy
is still sound"
Mr.. Dillon and other admin
istration leaders attributed the
stock decline in large part to
general realization that infla-
ton is under control.
He said he could see nothing
the administration can or
should do to bolster the stock
market, beyond making clear to
investors that the economy is
in good shape.
Evening star., 1962-08-29
SMALLER VIRGINIA SCHOOLS
.Herndon Has Tough Slate

lettermen returning, including
top-flight tackles Tom Pythian,
205; Steve Varzaly, 100. and
Clifton Wilder, 1876. Two senior
centers. Gerry Hartmand and
Bob Rudiger. won monograms
last year and will team with a
pair of fine guards, Buddy Ack-
en- and Norman Stone. to form
a tough middle of the line.
Don Konz, Manford Brown
and Ralph George are a trio of
outstanding senior backs re-
turning for another campaign.
PARKER GRAY Coach
Louis Johnson will face another
rebuilding job this season, but
has three or four standout re-
turnees to mold his 1862 club
around.
Co-captains Louis Harris and
Franklin Pitts are tabled as
two VIA standoutS. Harris is
a l65-pound quarterback, while
Pitts is a 6-foot-2, 17O-pound
end. Both are playing their
third season. Lettermen backs
Leonard Armstrong, $50. and
William Tyler l56. halfback
and fullback respectively are
also fine prospects.
The left side of the Bulldog
line. consisting of End James
Harris. Tackle Charles Cocker
Evening star., 1962-08-29

ham and Guard Gilbert Shell
lington will be as formidable
as any in the league.
LUTHER JACKSON-Lack
of football players, experienced
or otherwise, is the problem
Coach Charlie Price faces. He
has only 20 candidates.
StandoutS are End Roger
Woods. ga. 200 pounds; Half
back Freddy KaskinS, a 1861
pound soph; Quarterback Ben
jamin Naylor, and former CEN
ter, now a fullback candidate,
James Matthews, a 210-
FOUNDER. Tackle Clifford Mar
shall, So and 2l5, also is highly
regarded.
JENNIE DEAN Coach P
Walter Ellis has lost most OF
his championship team from
last year and says his charges
have "only an outside chance
of repeating"
The regional school in
Manassas has several outstand-
ing prospects to mold the so
club around in All-District
End Herman Lewis, 6-1, 165;
Halfback John Hall, IT'S; for
mer end, Halfback Tommy
Coleman. ITO. and sophomore
Guard Morris Thornton. a g.
foot, 260 FOUNDER.
Evening star., 1962-08-29

IlON, hOlCC SdlU.
Looking around. there was
Dick WhetZle, the Maryland
Open champion from Wood
holme, another Texan and, as
it turns out, a friend of Mas
sengale's.
Don has always been a
conservative player. He must
have been playing real defen-
sive golf to shoot that T."
In case you missed it, Mas
sengale had 207 for three
rounds, shot n in the last
round, let Doug Sanders make
up 10 strokes on him to win
the tournament, and let Johnny
Pott make up seven to finish
second.
Sanders won with 280, Pott
had 282 and MasSengale 284
To put it in more upSetting (for
HIM terms, the difference be-
tween first and third was
S3,l00.
"Don's just not aggressive
enough" WhetZle went on
You can't go out there and try
Evening star., 1962-08-29

not to make bogies. You've got
TO shoot for brides all the time.
If you're playing conservatively
and you get a bogey, you're
likely to get a whole flock OF
them. They can really come
fast"
Then Dick added a footnote
to his dissertation.
Its awfully hard to put four
good rounds together under
that pressure. Don was prob
ably thinking about how he
could use that first-place
money"
While it is admittedly diff
ficulty to put four good rounds
together on the pro tour, it
can be downright agonizing TO
have super nine-hole scores and
then see it all go up in smoke.
Cos TiSo of Bonnie View was
talking about this after he won
his first tournament of the
season--the pro-juniUr at Ken
wood Monday.
II should have won a couple
Evening star., 1962-08-29

of tournaments this year" Tiso
reflected. II just couldn't seem
to get two good mines together.
In the pro-am at Fountain
Head I went out in 81, but
took 40 on the back nine. The!
at East Potomac I had 81 on
the front side and SO on the
back"
However, what was probably
even more agonizing was Tiso's
performance in the Howard
County Open.
In the first round he had
four brides and an eagle and
shot 73-one over par. After
10 holes of the second round he
was two under par, but shot rs.
With the National Amateur
less than three weeks off,
Deane Beman is putting the
final gloss on his game in an
attempt to regain the title he
won in 1860.
Not content with one prac-
tice session a day. Deane is
giving it a double dose. He ar
.rives at Bethesda Country Club
for one session in the morn
ing, and then comes back in
the late afternoon for another.
Evening star., 1962-08-29
RobbYeFaces
FormerChamp

ROCHESTER. N. Y. Aug. 20
(AP) ).-Robbye King of Arling-
ton, Va. meets Barbara McIn-
tire, the 1859 champion, in to-
days third round of the Wom-
ems National Amateur golf
championship at the Country
Club of Rochester.
Miss King birdied the last
hole yesterday for a 1-up vic
tory over Gail Purdy of Sara
toga Springs. N. Y, to win the
shot at Miss McIntire, a three
time Curtis Cup member and
one of the tournament ia
voriteS.
The Arlington girl shot
41-39-8O while Miss McIntire.
in beating Sue Hilton, was four
over par for II holes on the
par 70 course.
Miss King was 2 up after six
holes but couldn't maintain the
lead. Miss Purdy, the New
York champion, squared the
match on the short 18th with
par three. They halved the
18th before Robbye got the
birdie three to end the match.
Anne Quasi Decker, the de-
Tending champion. and JoAnne
Gun0erson, the 1857 and 1860
champion. also advanced yes
terday. Mrs. Decker defeated
veteran Mary Burns, 5 and 4,
and meets Mrs. Jean Trainor
today. Miss Gun6erson plays
Natasha Mason Fife in the
third round after winning. 4
and 3, over Mrs. Joseph Mes
bitt yesterday. The fourth
round also will be played today
Evening star., 1962-08-29
GARFIELD
HERNDON

No. l wingback. Phil Guam,
los. is the fullback.
Both returning ends, Jack
Flynt and John Michaels. are
nursing injuries. Flynt has a
troublesome ankle, Michaels a
bum shoulder. Gary McBee is
a bright sophomore end pros
pect.
Guard Skip Hamberg, 205,
also is currently Sidelined with
an ankle injury. He figures to
play a great deal, once in shape
Other top linemen are Center
Butch Ebert, ITO; Guard Ler
Forest. ITS, and Tackles Ted
Monroe, 210, and Steve Koelz,
IT'S.
GARFIELD The Indians
are expected to be one of the
most improved clubs in the
Battlefield District and could be
the surprise team of the Group
1-B loop.
Coach A. T. Howard has l6
Evening star., 1962-08-29
LUTHER JACKSON

Sept IA Carver, Z.
Sept n Douglas at Fairfax, 9.
Sept 2s-At Jennie Dean, 8.
Oct 5-Grant at Falls Church, g.
Oct. 13- -HOffman-BoSton, l:3o.
Oct u POmOnkey at Indian Head, 2:5o.
oct. rs Parker-Gray, 8.
Nov. 3-TaylOT, 2.
Nov. 9-At Fairmont Heights, T.
Evening star., 1962-08-29
Gavin Captures Medal,
Shoots for Real Today

appear to be Neff McClary, the
Court House club champion;
Jim Duffy, of Court House. the
Maryland and District Junior
champion; Ricky MeiSSner Of
Argyle, the District schoolboy
champion, and Kent Kittle, the
1860 Middle Atlantic junior
champion and the current Be-
thesda club titliSt.
McClary shot 70 in the quail
fier-the third best score-and
today meets Scott Schwarz of
Baltimore. Schwarz was medal
list in the Maryland Amateur at
Chevy Chase last year, but
slipped to 78 yesterday.
The revamped course meas
ures 6,702 yards from the bach
tees and plays to a par OF
35-35-70. Scores of 80 or bet-
ter were needed 10 make tne
championship flight.
First round pairings:
UPPER BRACKET
John Gavin. Bethesda t69l vs. Rich.
ard Lohr. Pinecrest t7S)
Ronnie Jamison. River Bend C16l
VS.. Tuck Stricken, Belle Haven t79)
Dave Oakley International l72I VS.
Ricky Meissner, Argyle C7) VS.
Brian Willard. Argyle (1a).
Bob Murphy. East Potomac C72) VS.
Phil Hargis. Westwood C7S).
Kent Kittle. Bethesda l76l vs.. Joe
Bernheimer Laurel Pines go.
Bobby Bowers. Springfield t75l VS.
John Calvin. Glenn Dale C7s).
Mike Nesbit. Bethesda C77) VS.. Jay
owen. Army Navy (S0l.
LOWER BRACKET
Billy Cisich. Bethesda C71 VS.. Dar
Boone, Columbia C7Sl.
Lou Rubino. Prince Georges t16l
VS.. Cliff Bowers, Westwood G9l.
Dick Schmidt. kenwood C7+l VS.
Ton Hogan. Kenwood CTsD.
Jim Duffy. Court House (7O VS.
Dick Fields. Court House f79).
Neff McClary, Court House t72) VS.
Scott Schvarz. Baltimore t7S).
Byron Hertslet Baltimore (76) VS.
Tom Rash. Bristol. Va. go.
Mike Golden. unattached t75l vs.
Mike Briggs, Columbia t75l.
George Shull. Columbia 90 VS.. Bot
Haley, Lakewood tSOD.
Evening star., 1962-08-29
Another OF O Series

---------~---~-----~---~
the last four years. lost the
title to Winchester's Handley
High School last year. Hand
ley. again is the club to beat.
according to most of the
coaches.
Herndon lacks its usual array
of fine backs, while Coach Joe
Grains George Mason Mus
tangS are shy of depth and
what experienced players they
do have back are nursing in
jurfeS.
Orange High, defendin g
Group 1-B, Battlefield Confer
ence champions again. is tabled
the strongest in that loop.
Orange has lost only two league
games in eight seasons, both
to James Monroe of Fredericks-
burg.
Garfield of Woodbridge Is
rated the loops darkhorse. The
tremendous population growth
in Prince William County. in
the Garfield area in particu-
lar, figures to help the Indians.
Walker Grant of Fredericks-
burg has drawn the favorites
role in the Virginia Inter-
scholastic Associations North
ern District. Defending cham
pion Jennie Dean of Manassas
lost quite a few front line per-
formers and isn't expected to
rebuild enough for a successful
defense.
HERNDON - Coach Ashwell
appears to be strong up front
with first team players, but
lacks reserves. Standouts on
the forward wall are Tackle
Welby Nails. 235: Guard Joe
Payton, 200-pound sophomore,
and End Dick Vitek. Other re-
turnees showing promise in
drills are Tackle George Daw-
son, 1856: Guards Buddy Wood
ruff. ITO. and Steve Price, 1876,
and End Jack Downer, ITO.
Tackle Al Bacher, l60. has
been switched to fullback to
compete with Ben Bradley, 100,
a former halfback, for that
starting berth. Among the
more highly rated backfield
candidates are Quarterback
Rusty Hatton. $50, and Half
backs Jack Hill, l40, Ricky
Lewis. l55, and Phil Rome, l45.
GEORGE MASON - The
Mustangs will be young and for
the most part green at the out
set, but Coach Grain figures
to improve with the season and
develop reserve strength as the
campaign progresses.
One of the few single-Wing
advocates in the area, Grain
always comes up with a stand
out tailback and this year it's
Todd McNabb, a 5-foot-ll, 1861
FOUNDER. Terry Becker is also
running at tailback. Don Roth
is the only senior in the GIN
backfield and he's currently the