davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15
A Little Ford
Seen on Way
In IS Models

DETROIT, Feb. IS (AP).-
If a small car is to be included
in Detroit's lineup of 1868 mod
els, first official word can be
expected May "a.
The occasion will be the an
nual stockholders meeting of
the Ford Motor Co.. and the
car. according to usually reli-
able sources, will be the Cardi-
nal-although it may have a
different name by then.
Stuart Perkins, general sales
manager of Volkswagen of
America, says he expects the car
to appear, aiming directly at
the Volkswagen market.
Ford continues to remain
totally silent officially on the
small-car project. But the rest
of the companies appear con-
WINGED the -talked-about
car definitely will be unveiled
in the fall.
Meeting Logical Time
The shareholders meeting is
a logical time to announce it.
Ford and General Motors both
used such meetings in 1859 to
announce their first compact
cars, the Falcon and the Cor
vair, although neither gave
any details at the time.
Details probably will be lack
ing in the first Cardinal an
nouncement, too. Present mod
els undergoing tests in Dear
born and elsewhere are slightly
larger than the Volkswagen but
definitely smaller than the
Falcon. They are using a cast
iron VA engine and front wheel
drive.
Front wheel drive hasn't been
included on an American car
since the Cord and the va is
a concept new to the American
scene.
Present plans call for the
assembly of the Cardinal at
Louisville, where Ford now
builds Galaxies and heavy
trucks.
Controversy Over Car
One of the hottest contro-
versies concerning tbs car has
been whether it will be manu-
featured in the United States
or whether it will merely be
assembled here from foreign
made components.
The best educated guesses
presently say the engine, or
parts Of it, will be made in
Ford plants abroad, probably in
Germany, with the rest of the
car made in this country.
While the small car has been
in the works at Ford for sew
eral years, there have been
reports the project would
be shelved because of an ap-
parent market swing away
from compact cars in favor of
larger vehicles.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15
Kaiser Aluminium
Cuts Scrap Price

NEW YORK, Feb. IS (AP)
Aluminium & Chem
ical Corp. has reduced the price
it will pay customers for scrap
in what is seen as the first move
in a year to firm aluminium
prices.
Kaiser, based in Oakland
Calf, said reductions will be
about S cents, depending on
the alloy, from the present al
lowances ranging from 81 to
1856 cents a pound. The allow
ances are made for customer
scrap reworked into new fin
ished products.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15
D. 6. Insurance
Women Honor
Mrs. Bonnet

Mrs. Helen E. Bonnet, who
has been in the insurance bust
ness here for many years, has
been selected by the Washing
ton Insurance Women's Club
as its Insurance Woman of
the Year."
Mrs. Bonnet is a past presi-
dent of the club and is a direc-
tor of the National Insurance
Women's Club. She has been a
fire underwater for Shannon &
Luchs, Inc, since 1857, and
lives with her husband and
children in Fairfax, Va.
She will receive an engraved
silver tray at a dinner meeting
ct the Touchdown Club next
Monday night.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15
5 Pct. Rise Expected
In Mems CIofhinq

The mems clothing industry
expects Nationwide sales Of
mems and boys wear in 1862 in
1862 will rise at least S per cent
above last year, reported Louis
Rothschild, executive director
of the National Association Of
Retail Clothiers and Furnish
ers, here last night.
At the close of the asSocia-
tons 44th annual convention
at the Shoreham Hotel, Mr..
Rothschild predicted a 1862
sales volume of more than
$2,795. 100000, compared with
1852, 100000 in the previous
year.
A survey of association mem
bers showed expectations Of a
6 per cent sales gain in the
first half of the year, he said.
The average prediction for the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15

earlier and $311.867,000 on
January 3, the Federal Re-
serve Bank of Richmond re-
ported today.
This rise of $11,765 900 or
nearly 4 per cent in little
more than a month is indica-
tive of what is happening in
all area banks, other bankers
said.
The higher rates, which
range as high as 4 per cent for
savings accounts held a year
or longer, have been a power
full magnet for funds in the
relatively short time they have
been in effect, it was said. The
new savings have come from
many different sources.
The hise in savings has in
creased the lendable funds of
the area institutions and many
banks are giving much atten-
ton to plans for putting them
to work.
Demand deposits Of the three
top institutions totaled $685.
$4,000 on February 7, COM
pared with 1912 1871 900 a week
earlier and 5000, 081 900 on jan
uary 3.
Gross loans totaled 1894 ,845,-
900 on February 7. compared
with $596,003,000 a week ear
lier and down seasonally from
$619,804,000 on January 8.
Commercial and industrial
loans aggregated $144.612,000,
compared with $145,059,000 a
week earlier and $3.50, 059 900
in January.
Real estate loans totaled
$170,133,OO0, compared with
$169,810,0O0 a week earlier and
$164,825,000 on January 3.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15
Merrill Lynch Office
Is Fifth in Network

Washington offices of Merrill
Lynch, Pierce. Fenner g. Smith
ranke'' fifth in the amount OF
profits 1. ey contributed to the
far-flung office network of the
worlds largest securities firm
in 1861.
This was disclosed at a news
conference on the company's
annual report.
Francis (Bill) Hunter, vice
president and manager of the
office at 815 Fifteenth Street.,
NV, and S. Harold Williams,
manager at 1923 K Street, NV,
described steady growth OF
volume handled by the two
offices.
With the securities business
here expanding sharply, there
is urgent need for maintenance
of standards of financial
responsibility and honesty, Vice
President Hunter declared.
Star Series Praised
He praised recent articles by
Miss Miriam Gutenberg in The
Star emphasizing the need for
a new District Of Columbia law
to regulate securities firms.
The Gutenberg series has
helped to crystalize sentiment
for corrective legislation right
at a time when there seemed
to be little prospect for action,
he said.
Mr.. Williams said many new
customers are appearing these
days to make their first in
vestments in securities. Some
of this money comes from
savings in other forms, but it
also comes from inheritances,
he said. Merrill Lynch always
is pleased to greet a new in
weston, because we have found
that when funds are handled
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15
BUSINESS BRIEFS

Business Loans during the
week ended February Z by re-
porting banks in leading cities
increased by SAG million, rails
ing the total of such loans to
$32, 038, 900, 900, or STA million
more than a year earlier
Federal Reserve Board.
Electric Power Production last
week rose slightly to a total
of 16, 1853, 10000 kilowatt-hours,
VS.. Is, 100000 the week be-
fore, and 15,012.000,000 in the
comparable 1861 week.-Edison
Electric Institute.
Passenger Car Tire ship
ments by manufacturers in 1861
totaled 104,569,946 tires, down
lis per cent from 1860. The
biggest drop-16.24 per cent
was in original equipment tires;
replacement shipments in
creased 7.03 per cent to 1885,
1913 tires. Truck and bus tires
were down 1923 per cent to
1874. 470. - Rubber Manufac-
turers Association, Inc.
Continental Can Co.'s paper
board and kraft paper division
has announced increases of 8
to Z per cent in prices of
selected grades of boxboard.
The firm attributed the de-
cision to rising costs. Other
major producers have also
raised prices.
Chevrolet said retail sales of
its three lines of cars are run
ming 10 per cent ahead of the
previous all-time record for the
first 40 days of the year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15

wisely, small accounts can
grow into large ones, he
declared.
The firm had 148 offices at
the end of 1861 after adding
four domestic offices and six
foreign offices during the year.
New offices will open in Tampa,
Fla; Hartford, Conn and Gar
den City in the coming year
and a second office is to be
opened in Baltimore, the report
declared.
Gross Rises 80 Pct.
Tfn company had record
gross income of 81,141 600 in
1861, up 80 per cent from the
previous year, and net profits
after Federal income taxes
jumped to $22,l32,00O from
$13, 235, 900 in 1860.
The 80 per cent gain in gross
income was achieved while total
volume on the New York Stock
Exchange rose 1913 per cent.
The report was mailed out to
535, 900 customers, compared
with $4,000 customers who re-
ceived the first annual report of
the firm in 1910.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15

President Kennedy Is asking
Congress to write into law a
bold, far-reaching program to
lower world trade barriers.
Mr.. Kennedy is asking for
power to bargain away the
tariff walls which guard our
industries against European
competition in return for SINH
lar actions by Europe. He ad-
mits that intensified foreign
competition will injure many
American businessmen, farm
ers and wage-earners, and
therefore suggests special as
adjustment plans to
help those who are hurt.
He is pleading with Congress
to place national interests
above local interests and pass
his unprecedented measure"
Outcome Uncertain
How Congress will respond
is still anyone's guess. Mr.
Kennedy himself perSonifies
the conflicts each law-maker
faces as he tries to place ma
tional interests above the local
interests who elected him and
control his political future.
AS James MacGregor Burns
wrote in John Kennedy. a Po-
litical Profile, while Mr.. Ken
nedy was in Congress his gen
eral position" was for liberal
lied trade policies but, when
it came to specific tariff prob
lens, few Senators surpassed
him in his zeal for guarding
local interests"
This is the heart of the bat
tie now shaping up. It's easy
for a Congressman to say he's
in favor of lower trade barriers
and competition from foreign
imports which will give con-
SumerS a break. But will this
same Congressman say this
when the intensified COMPETE
ton threatens the life of an
industry back home and throws
workers in his state out Of
jobs?
It's easy for a Senator tt
dazzle an audience with thu
prediction that a united At.
lantic Community will have the
power to win the cold wal
against the Communist empir,
and that as trade expands il
the free world, We'll all prosper
beyond our dreams. But will hi
dazzling promises stick wher
businessmen and wage-earner
in his own community war;
him that foreign imports arr
flooding their markets and the,
command him to work TO
higher tariffs-or else?
Consider Mr.. Kennedy's owl
record in Congress.
Record Recalled
In 1949, as a Representative
he voted against extension O
the Trade Agreements Act
what Mr.. Burns calls IAN at
tack on one Of the program
most sacred to the Democrati,
Party"-and he reversed him
self and voted for final passag,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15
S1.8 Million Loan
Made on Project

Long-term financing of $1.8
million has been arranged by
the B. F. Saul Co. for the first
section of Monticello Gardens
on Arlington boulevard in the
former Falls Church Airport
site in Fairfax County.
Aetna Life Insurance Co. is
making the loan to John r.
and Leroy Eakin, jr.. and Smell
Construction Co. The first
project will contain 229 units
with central air conditioning.
Smell Construction Co. is the
builder and B. F. Saul Co.
will manage the project. Occu,
pancy is scheduled for August.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15
Chairman of VEPCO
To Address ANALYSTS

Edwin H. Will, board chair
man of Virginia Electric and
Power Co. will address the
Washington Society of Invest
ment Analysts at an Occiden-
tai Restaurant luncheon on
Tuesday, February 20.
VEPCO serves Virginia Sec
tions of the Washington Metro
politan area and has an I'M
usually good operating record
It has many stockholders in
the area.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15
Earnings

Abbott Laboratories in 1861
earned $12,005, 434, or $3.05 a
share, VS.. $12,385,319, or $3.16
a share, in 1860.
Chesapeake & Ohio in 1861
earned $50 million, or $3.50 a
share. Working capital at year
end totaled $50 million, down
81 million from the all-time
record of a year earlier, but
this was more than offset by
the investment of $6.3 million
in Western Maryland Railway
stock.
Columbia Broadcasting Sys-
tenn in 1861 earned $22,037 1928,
or $2.55 a share, VS.. $23, 235, O74,
or $3.50 a share, in 1860.
Mead Corp. in 1861 earned
$12,288, 900, or 1921 a share, VS..
$14,552,00o. or 1884 a share, in
1860.
Signal Oil & Gas in 1861
earned $13,521 900, or $1.33 a
share, VS.. $16,509, 900, or $1.62
a share, in 1860.
Other oor,1;y,0e
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15

ings and loans in the Nation,
reported the United States Saw
ings and Loan League.
Perpetual Building Associa-
ton with $414, $4,000 of assets
and $373,881 900 of invested
capital ranked sixth in assets
at the end of 1861.
First Federal Savings and
Loan Association of Washing
ton, with 162,8S0,O 900 of assets
and $135,318,000 of invested
capital, was 45th in assets. Ma
tional Permanent Savings and
Loan Association. with $118,-
100000 of assets and $103, 300,-
900 of invested capital, was seth
in assets.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15
; D. c. Associations
Amonq 100 LARGEST

Three District Of Columbia
savings and loan associations
rank among the 100 largest saw
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15
Higher Savings Rates
Lift Time Deposits
Of Large D. c. Banks
BY DONALD B. HADLEY
Star Financial Editor

Time deposits Of Washingtons three largest banks have
risen sharply the first Of the when higher interest
rates savings went into effect.
The total for Riggs National Bank American Security
Trust Co. National of Washir gton reached $685.
$50 600 February L compared with $500 week
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15
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. Thursday,
February IS:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15
TREASURY BONDS

NEW YORK (AP) Moon over the coun-
ter U. S. Government Treasury bonds,
bid, asked, net change and yield for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15

full year was a gain of So per
cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15

T Partially tax exempt.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-15
MUTUAL FUNDS

NEW YORK (AP)
National Associa-
ton Securities Deal
The Adak sun., 1962-04-09

t* k X x * < sa
The Adak sun., 1962-04-09

sz.r K I * ! < E K X K X x xttx nted to enlisted Marines completing three continuous years of active service in manner that denotes honest. and faithful service in ke- eping with the highest traditions of the Marine Corps. Congratulat- ions men, 6 job we'll done with de- serving credit. '
 PFC J.. L. FISSGUS successfully completed the Marine Corps Instit- ute course .Automotive and Engineer Equipment Mechanic and was awarded a Ger rtificate of Com pl letion and letter of congratulati ons by the Commanding Officer.
 L-E.I AR2IVALS
 :6ergea11t Maj or Arthur H. POTTS welcomed aboard his family on Fri day. The ~Sgtllaj and his family are presently located in temporary Qu- arters. Marguerite and the girls, Nary, Dorothy, Barbara and Donna are very pleased to be here on Ad- ak and are looking forward to mee- ting all Of you. Even Patches , their B: year old Black and White cocker, is happy: to be settled ag- ain. ..~
 Perhaps there will be q soothing effect on the te1nperment of the ."Old Soldiern himself.
 RGIUHL TO ADAK
 Sgt G.. R. ROSS, ,LCpl c. V. MOTION LCpl E N. LoYA, LCpl L. L. DO12R, PFC J.F. COIEE, and PIC c. B. DOL LISON returned to Adalz the 9th of April after receiving extensive cold weather training with the lst Battle Group ,23d Infantry. at Fort Richardson, Alaska. They were tr- aimed in the. use of snoWshoes, CO., mpany tactics, and in ar1aored per- .sonnel carriers, equiped~ with the 8l millimeter nor rtar.
The Adak sun., 1962-04-09
MARINE BARRACKS
PHYSICAL FITNESS

PHYSICAL FITNESS ".=.
 By PFC Jerry L. JORGEN SON.
 This is the second in series of articles to appear in the Adak Sun to explain the importance of keeping your body in sound physi- cal condition.
 In devel opme11t of the superior Superior is used in the def init ion Of 8 body part. that is higher or near the head) portion of the body, we find two sets Of muscles that account for most of our pos-. ture: They are the -TRAPEZIUS and RHOMBOIDS. The TRAPEzIUS muscles pull the head back and hold the shoulders back. The RHOlBOTDS are two deep muscles located on the upper back. These muscles hold the scapula in position and pull the shoulders upward and back. Rec om- mended exercises for the develop mentd of the TRAPEzIUS and REiOND0IDS are: l. Push ups. 9. Pull ups. 3. Running. 4. Hiking.
 To stand tall with back straight and shoulders squared not only en- hances body appearance but it also gives the practitioner an air of confidence and pride. It enables the individual to breath deeper and to take advantage of his full lung capacity, which in turn, in creases his proficiency in all ot- her physical activities.
 Next Week - Importance of Diet AWARDS. -.. -,
 The below listed Narine personnel received Good Conduct Certif ficates and Medals this past week at form ations conduc ted by Maj or H. W. HENZEL. Commanding Officer: =. Cpl J. B. BEllDICI, Cpl E. E. SHORT LCpl D. M. NULCAHY, PFC J. L. HEN SON, PFC D. E. SAUEDERS.
 The Good Conduct Medal is .prese-
Evening star., 1962-09-29

gram OF the Realty Program
ming Corp. Of st. Louis. the
firm announced this week.
Evening star., 1962-09-29
MecoII TO Heed
Yeonos Sales

Chester H. mccall, ST., has
been named vice president
and general sales manager Of
Yeonas Realty, Inc, Stephen
@. Yeonas, president, has an
nounced.
In addition to heading the
firms various immediate and
long-range selling programs,
Mr.. Mccall will set up sales
staff training programs for
the firm.
Mr.. Mccall has q back
ground Of some 80 years in
saleSmanship, sales promo
ton, training and manage
ment. For six years prior to
this year, he was director of
sales training and instruc-
ton in sales courses for Dale
Carnegie in the Washington
area.
Mr.. Mccall will have his
office at the Yeonas organi-
zations' headquarters in Vi
emma, Va.
Evening star., 1962-09-29

More than 25e Realtors
and sales representative from
all over the State are ex-
pected to attend the annual
fall conference Of the Mary
land Association of Real
Estate Boards at Annapolis
next Friday and Saturday.
Among highlights Of the
meeting viii be q discussion
of proposed regulations Of
the State Department OF
Health governing land sub
division and 3 talk by Balti-
more attorney Hyman A.
Pressman on Either You
Run Government or Gov
ernment Runs You"
Officers will be elected dur
ing the meeting and among
those in nomination are
Lloyd B. Coates Of Hyattsville
for vice president and c.
Robert Gray of Silver Spring
for treasurer. Woodrow w.
Nelson of Princess Anne has
been nominated for election
as president.
Nominated for election to
directorships from this area
are Carl r. Sturges, Leonard
N. RaffeII, Adolph c. ROh-
land and Marvin w. Simmons
Of the Montgomery County
Board Of Realtors. and Carl
Albert Heider, Frank X.
HALEY, jr., Andrew ]. Moore
and Edgar c. HiIIey Of the
Prince Georges County Board.
Virsinions to Attend
Norfolk Convention
Robert II. Riner, president
of the Northern Virginia
Board of Realtors, and
Randall ]. Hicks, president
Of the Virginia Real Estate
Association, viii head a large
delegation from this area
which is to attend the 1852
convention of the Virginia
Association October II to Is
at Norfolk.
Among the principal topics
to be taken up at the con-
vention are improved tech
niques. urban renewal, fin
ancing and other aspects Of
real estate.
Two Seminars
PIonned by Virsinions
The Northern Virginia
Board Of Realtors has an
nounced plans for two semi
mars, each of which will be
run on two schedules. to be-
gin next month.
A seminar in Real Estate
Evening star., 1962-09-29
School Unaffected
By Construction

An article in last Saturdays
Star about the construction
of an apartment building
planned for a site at Fort
Myer Hill formerly owned by
Congressional Schools APP
pears to have created the inn
preston the school is closing.
q spokesman for the school
reports.
The school has, in fact. not
occupied the property for the
last two years and is located
at CAT Sleepy Hollow road.
Falls Church. 1t has no plans
to close.
Evening star., 1962-09-29
Montgomery Cites
Membership Gains

The Montgomery County
Board Of Realtors has re-
ceived its fifth star award
from the National Association
of Real Estate Boards for q
10 per cent gain in member
ship, Leonard N. RaffeII,
president. announced to q
recent meeting.
Awarded star pins at the
meeting for bringing in one
member each were David l.
Peoples, James E. Schwab,
jE-, Foster Shannon, r. o.
Smith and william B.
Wheeler.
Two-star pins were given
to George w. Allen. John H.
Beers and Robert H. Spencer.
Three star pins went to Carl
r. Sturges and Robert w.
Lebling.
The board also announced
the following new active
members: Ted Lingo, Albert
ID. Pobiak. Samuel h. Miller,
Robert w. Bridges. Norman
s. Bryer, Joseph A. GiuIiano,
william r. Topping, william
G. Clark, Griffin b. Holland.
william C. Stuart, Richard L.
MetzIer, Deane Maury, Fred
erick v. Thomas, Marcia G.
ClOptOn, Ruth E. Baumann,
Thomas B. Cross, Daniel E.
Clarke, jr., Sterling w. Rad
cliff, Carl r. Meininger, r.
A. Humphries, jr., Ezra 7.
Hall. L. Cass Leigh, J. Nor
man Ager, John ]. Dennis, ii,
Ralph b. Duane, John c.
Evening star., 1962-09-29
Deniee Opens
Brunch Office

A. G. Denice, Inc, Mort
gage Bankers. has opened a
branch office at $40 Madison
street. Alexandria. Anthony
G. Denice, president. has an
nounced. The firm has its
main office in Arlington.
At the same time, Mr..
Evening star., 1962-09-29
Townhouse
Opens sraneh

Townhouse Properties. Inc,
Of Wheaton. has opened an
office in Gaithersburg at BOT
North Frederick avenue.
James X. Young, sales man
ager, has announced. Mrs.
Dorothy Murphy viii be in
charge Of the new office.
Evening star., 1962-09-29

BEThESDA-sRIcK RAMBLER Win cARPoRT, sissso
PRICED ettoW FLA APPRAISAL. NO SETTLEMENT COSTS.
$500 DOWN. First offering Of 3-bsdm lz-bofh brick
EcEnblsr in Of Bsthesdc finest residsnel
Reersotion poo windows and doors; level lo
Wok 10 schools shops and bus Quick possession Open Sum-
10 8. Direction Out Old csorseown I'd. TO LonS
ook Dr.. left 10 Sinnot Dr. right 10 loo32 Sinnotf.
Evening star., 1962-09-29
BY APPoINrMENr Only

kOCKNiLlk-Lks new. 2-yeor-od spIhIsvsL , bed.
rooms, Va bofhs ooYsh rsereoon Neof elem. end
Junior high. Only $i4oo down. FLA approved. $2i5oo
Evening star., 1962-09-29
Cleo TO Manase
TiIden Woods Sales
Better Homes
Joins Program

Better Homes Realty, Inc,
has become affiliated with
the national home sales pro-
Evening star., 1962-09-29
Brokers to Hear
Land PIonneF

Buford Hayden, an engi-
neer and land planning con-
sultant with the firm Of
Mott q Hayden. Washing
ton, will address a luncheon
meeting of the Brokers Com
mittee Of the Montgomery
County Board Of Realtors
Thursday ct the Board office.
He will discuss Land Use
and Development"
Evening star., 1962-09-29

Sales Techniques will start
Tuesday at Annandale High
and October 8 at Wakefield
High. These will follow q
schedule similar to those
above and further informa-
tion may be obtained from
the supervisor Of Distribu-
tive Education. Arlington
County Schools.