davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
Gas Earnings Reduced
By Warmer Weather

Warmer weather than a yeal
ago was a major cause Of q
sharp decrease in the May net
income Of Washington Gas
Light Co. compared with the
same 1861 month, the company
reported today.
May net was S28,l77. COM
pared with s206.266 in May
last year.
However. net income for five
months this year amounted to
s8.T49. 66S. compared with So
3O9. 764 in the same period last
year. q
Operating revenues for May
totaled S4.739.848. compared
with S4.93O,545 in May last
year. Revenues in five months
amounted to S48.310.424, COM
pared with S46.105,562.
The company had 414.9l6
meters in service on May 81.
compared with 403.8l4 a year
ago. Property. plant and equip
ment was listed at S191.857. pa.
compared with S174.390.499 a
wear earlier.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
Common Market
Session Talks
Of British Levies

BRUSSELS, Belgium, June 20
(AP).-The ministerial council
of the six countries of the Com
mon Market and a British dele
cation headed by the Lord
Privy Seal, Edward Heath, had
an inconclusive meeting yester-
day in their attempts to solve
the future problem of agricul-
tural exports of three Com
monwealth countries.
The six offered to maintain
Commonwealth preferences for
Canadian, Australian and New
Zealand produce on the British
market for "a number of years
to come" delegates said later.
The six said, however, that
once Britain was a member of
the European community she
must gradually apply duties to
those products which now enter
Britain duty free.
This regulation was proposed
by the six for the transition
period up to 1870 after which
the community will become an
integral economic union.
The six proposed to hold a
conference of all cereal pro-
ducing countries, including Ar
gentina and the United States,
in 1868 in order to come to a
world agreement on production,
surpluSeS, exports and imports
of this commodity.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
Auto0utput
Rises Sharply
During Week

DETROIT, June 29 (AP).-
Auto production this week will
be up about $4,000 cars from
the years low set last week,
Automotive News said yeSter-
day.
The increase will come MAIN
ly from nine Ford assembly
plants which have returned to
work following a week long
shutdown. Seven other Ford
plants will resume next week.
All were closed because of a
strike in a stamping plant at
Walton Hills, Ohio.
Automotive News said pro-
duction will total 1884 units
this week, compared with 107,-
SIS last week and 1888 in
the corresponding week of 1861
Truck production was esti-
mated at 23,242 units, against
25,299 last week and 1892
last year.
The trade paper estimated
car production for the first
half of the year will total
3,625,832 units, third best in
history, and truck output will
total 638,335 units, up II per
cent from a year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
.RoanOkeBanks
.AreShockedby
Merger Ban

ROANOKE. Va. June 2e
(AP).-Officials Of the city'S
two largest banks pondered
their next move today in the
wake of a Federal decision
barring the merger Of the two
institutions.
Controller of the Currency
James j. Saxon refused yester-
day to allow the merger of the
First National Exchange Bank
and the Colonial-American Ma
tional Bank.
Most of the city's bankers
we're shocked at the announce
ment. which many had felt
would be favorable.
E. H. Ould, First National
president and the man who
would have been chief execu-
tive officer of the merged
banks, said he was terribly
disappointed"
Today was the target date
for consummation of the mer-
ger, and arrangements had
been made for consolidation of
some departments this week
end.
First National has assets of
$40 million, Colonial-Ameri-
can $48 million.
The controller said the area
served by the two banks has
potentials for growth which
appear to exceed present CAPT.
tai availabihties."
The area needs enlarged
banking resources and services,
he said.
1T is our opinion, however,
that this end would not best
be achieved by elimination of
the Colonial-American Nation
al Bank" said Mr.. Saxon. "In
fact. the public interest would
seem to require substantially
increased growth of the Colon
ial-American which is today
not sufficiently competitive in
terms of size with the First
National"
Mr.. Saxon said Colonial
American has the capacity for
further expansion, particularly
under the tef1hs of a new state
banking law which goes into
effect today.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29

ed for S144, 93s. 900 of the total,
compared with $104,3l7.0 900 a
year ago.
District of Columbia had S29,-
ASS, 900 of construction in the
five months, including $8,513,-
900 of residential work. A year
ago, the figures we're $16,413,-
900 and $4.813,000, respectively.
Prince Georges County, Nd,
led the area with a total $54,-
0I6,0O0 VS.. 4,720,00O a year
ago. Residential totaled S46,-
4I6,00O VS.. $2S,596, 900.
Montgomery County total
was $48,866, 900 VS.. $44,148, 900,
while residential totaled $780,
soc, 900 VS.. $28.161 900.
Fairfax County. Va, had
SAT, 627, 900 VS.. $36.127, 900, and
residential amounted to $751;
8l2, 900 VS.. $29, 100000 Airing
ton County total was $14,464,-
900 VS.. $12.391 900 and Alexan-
dria had S12.416,000 VS.. S.
$4,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
Gold Reserve
kUnchanged
For Six Weeks

NEW YORK, June 90 (AP).
For the first time since 1888
"a. the gold reserve Of the
United States has remained
unchanged for six consecutive
weeks.
The Federal Reserve Board
said that at the close Of BUSH
ness on Wednesday the stock
pile amounted to SIC, 49,
900, 700. The same level in
rounded figures that was re-
ported May Is.
The last time there was no
change in the reported United
States gold supply for a longer
period was for the IL weeks
between October 10, 1888 aud
January 10, 1884, when reserves
were around the 81 billion level.
The gold supply has declined
since the start of the year by
Sass million. This was attrib-
uted to the continued United
States balance of payments
deficit, which brought about a
decrease of 1878 million in the
gold stockpile during 1861.
A spokesman for the Federal
Reserve Bank of New York,
which disclosed the latest fig
ures on behalf of the board,
said that based on preliminary
indicators it is becoming 'rea-
sonably probable" that the bal
ance Of payments in the second
quarter will be better than the
first quarter. He added that
there could well have been no
deficit at all in May and that
the month of June might turn
out to be as good as May.
Some of the improvement in
the United States position has
been credited to the drain on
Canadian dollar and gold re-
serves during May and June,
as reported by Canadian Of
ficials last week end.
The gold loss for 1862 to date
Of SASS million compares with a
stockpile decline of $217 mil
lion for the corresponding pc
riod of 1861.
The last Soutflow of gold
amounted to $50 million during
the week ended May l6.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29


construction Of a new building
10 house dial equipment at
2O55 L Street N. W. and for
a number Of smaller projects
TO care for both growth in the
business and service improve
ments.
Net income Of the company
In May and IL months ended
May 81 Jagged behind a year
ago. Mr.. Zahn reported.
May net income was $780,
900. compared with S752, 900 in
May last year. The IL months
earnings amounted to S8.854,-
900. compared with $9,057, 900
in the preceding IL months.
Operating revenues in May
rose to s6.551. 900, compared
with S6.084. 900 a year ago.
The u months revenues ag-
gregated S74.188,000. compared
with S7O.l96.0 900.
The company had 664.l97
telephones in service on May
81. compared with 653,705 on
the same 1861 date.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
AGA Completes Units
For Echo Satellite

Aero Geo Astro Corp. has
completed and delivered the
first of a series of electronics
systems it is supplying for the
Echo communications satellite
program, AGA President K. S.
Kelleher announced.
The systems will include tele-
metry-tracking beacons and
associated solar power supplies.
Design and production of the
systems has been the respon-
sibility of the AGA Space Prof.
ects Laboratory in Alexandria
and College Park.
The telemetry- beacons will
perform two essential functions
in the project. Acting as cleo
tronic beacons, the units will
permit ground stations to follow
the orbital path of the Echo
balloon accurately.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
Heavy Engineering
Contracts Gain

NEW YORK, June 90 (AP)
Heavy engineering construc-
ton contracts awarded during
the first half of the year were
estimated yesterday at 3 per
cent above the figure for the
first six months of 1861.
Engineering News-2ecord, q
ira de publication, estimated
the contracts were worth SILL
219, 300, 900, compared with $10,-
929 100000 for the year-earliel
period.
Awards for private construc-
ton fell / per cent lower than
a year ago. Public construction
work rose 6 per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
CHICAGO
LIVESTOCK

CHICAGO. June 20 (AP) CUsDA)-
Hogs 1000 moderately active butchers
steady TO % cents lower; most decline
on weights 240 ID. and down; sows
steady TO % cents lower. decline most
ly on weights 400 lb and up; fair
chipping demand U. s. No. i and Z
l90-230 Ii. butchers Is; b-I9. 35;
mixed No, ! to 3 1s0-230 ID. 1875
1900; 230s250 ID. 17.75-1S.50; $50
go ID. 17.25-1S.0O; No. 2 and 8 30
300 ID Il .90-17 so; mixed 30. i to
z 32O;;50O ID; sows 13.50-15.75; No.
bears 100000 Id. IL .5O-12.50.
Cattle 300. no calves, receipts in
clude several loads of slaughter steers
balance largly cows; steers active
strong, cows fairly active steady. moi
enough other classes to test prices;
so head string, choice 1850 ID. slaugh.
ter steers 1855; load LOSE ID. steers
choice with a small end Of good 25 90;
few good to low choice steers $3.50.
24.50: some mixed good and choice
"A so; few good and choice heifers
22.00-24 so; utility cows largely 1900
100; most Gamer and cutter 400.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
Aeroiet Sales Rise,
But Profits Drop

Consolidated sales Of Aerojet-
General Corp. rose to $27S,-
O32 .s56 in six months ended
May 81. a gain Of II per cent
from s23s. 05e.O DOS in the same
period q year ago. the company
reported here today.
Earnings in the six months
amounted to s5,5l9.424, off
per cent from 1896. $50 a veal
earlier.
The company. which is a sub.
sidiary Of General Tire g. Rub
Der Co.. said expanded research
and development effort and a
smaller proportion Of fixed
price contracts were major
factors in the earnings decline
Net was equal to $l.18 a
share. compared to S1.28 a year
ago after adjustment for a 2
per cent stock-dividend in
February.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
TOBACCO

UPPER MARLBORO. Nd, June "a
iAPl fUSDA)-The majority Of RradeS
Of Southern Maryland tobacco sold al
steady TO lower average prices yesterday
on the auction markets.
Declines were mostly for medium
70 poor quality offerings. Losses ranged
from 81 TO 50 a hundred pounds. The
ported
Deliveries to markets continued light
Growers sold more heavy crop ano
less thin crop than Wednesday. The
percentage Of nondescript tobacco or
sale was the largest of the year.
Net auc on sales Wednesday
amounted to 330,422 pounds, and aver.
aged $500 a hundred-up Sl.5I from
Tuesday. Season sales totalled 2S,l42,.
245 pounds; for an average Of S62.39
Around 10 per cent Of the sale.
Wednesday went to the Maryland To.
bacco Cooperative under the Govern.
ment loan program. Nearly IL per cent
Of the auction turnover has gone under
loan for the season.
Auction bid averages per hundred
pounds on limited number of repre-.
sentative U. s. grades were as follows
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
BUSINESS
BRIEFS
Rail Freight LOadings in tn

Rail Freight LOadings in the
week ended June % totaled
592, 708, up 0.49o from the pre-
vious week, but down 1870 from
the like week a year ago and
down 1879 from the like week
in 1960.-Assn. of American
Railroads.
Intercity Truck Tonnage in
"a metropolitan areas in the
week ended June % was down
0.99o from the previous week
but up 3.79o from the like week
a year ago.-Am. Trucking
ASSnS.
Republic Steel Corp. an
nounced it will close it's Buffalo
N. Y. plant for one week, be-
ginning on Monday. About
1000 will be laid off in the
shutdown.
Safeway Stores, Inc. sales in
4 weeks ended June Is totaled
$191, 146,019, down $500 from
1861; for "a weeks ended June
16 $1,127,717,686. down 2.4%
from 1861.
Earnings
Delta AirlineS, Inc. in IL
months ended May 81 earned
$5,717,00 or 1896 a share VS..
$4,082,000 or $2.73 in 1861
period.
National Airlines, Inc. in II
months ended May 81 earned
SO $40. 900 or $2.07 a share VS.. a
loss of $7,173,000 in 1861 period
MasOnite Corp. in 9 months
ended May 81 earned $3,783,782
or $3.50 a share VS.. $2,099, 19t
or $1.29 in 1861 period.
Am. PhOtOcOpy Equpt. in
months ended May 81 earned
S2,486.454 or SO cents a share
VS.. $2.679,896 or SO cents in
1861 period.
Beatrice Foods Co. in
months ended May 81 earned
$2,221 700 or SO cents a shar,
VS.. $2,007,697 or Sc cents il
1861 period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
Area Construction
humps 37.S Per Cent

Private construction in the
washington Metropolitan Area
totaled s2O9 SIS, 900 in the first
months Of this year. a gain Of
37s per cent from S152.0l0. 900
in the same 1861 period. the
Census Bureau reported yester-
day.
Residential building account
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
Antitrust Policies
Qualification Urqed

There is a pressing need to
clarity antitrust policies, to ad'
minister them more efficiently
and to coordinate them with
other government policies af-
fecting competition, according
to a book by Mark S. MasSel
published today by the Brook
ings Institution.
The hodge-podge Of federal
state, and local regulations now
in effect sometimes encourages
competition in the economy
and sometimes stultifies it, DR..
MaSSel declares. There is wide
spread public support for a
competitive economic system as
an ideal, but confusion about
the means to maintain and
strengthen it.
His study shows that the
antitrust laws themselves are
not consistent, the enforcement
Of them by some twenty Fed
eral agencies is not coordinat-
ed. and that other Government
policies affecting competition
such as taxation, subsidies,
tariffs, regulatory activities
purchasing. and research-may
either reinforce or contradict
detectives of the antitrust pro-
gram.
Entitled Competition and Mo.
nopoly; Legal and Economi,
Issues. the book gives specia
attention to the problem tina
have arisen because of con
flicting legal and economic ap
proaches to competitive issue
and it points to the need fo
closer cooperation betwee
lawyers and economists. It cor
siders the opportunities fo
using economic analysis NOR
effectively both in policy max
ing and in litigation and tn
need for better tools of eco
nomic ANALYSIS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
METALS

NEW YORK. June 90 (AP).-Spot
nonferrous metal prices today: copper
81 cents a pound. Connecticut valley.
Lead 9h. cents pound, New York.
Zinc liz cents pound. East St.
Foreign silver 1,041a per troy ounce
New York. Pittsburgh scrap steel No
/ heavy was quoted today by Iron Age
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
BANK HONORS VETERANS

Three veteran officers of the Bank of Com
merce, with combined service of nearly
century, were hOnOred Wednesday night at
the Columbia Country Club. They were:
Thomas ]. Norris senior vice president, with
35 years of service; Robert E. Kendrick, jr.,
cashier, rs years; John E. Onyun, assistant
cashier of BrightwOOd office, rs years. Presi-
dent Thomas ]. Groom presented engrOSSed
resolutions from the board of directors.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
C6P Telephone Plans
To Spend S. Million
For Expansion Here
By DONALD b. HADLEY
star Financial Editor

Directors of the Chesapeake & Potomac Telephone Co.
appropriated than IS million for plant additions and
improvements in the District Of Columbia at the monthly
board meeting yesterday
J. Himan Zahn vice president charge of the Wash
ington company this appropriation will be used for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
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. Friday,
June 70. 1889.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
TREASURY BONDS

NEW YORK AP)-Noon over the coun-
bid, asked net change and yield for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29

Norman Farquhar, part
ner in the Washington
office of Alex. Brown &
Sons, has been elected a
director of the Savings
Institution of Sandy
Spring, Md, MOntgOm-
cry COunty's oldest bank.
His great-grandfather
William Henry Farquhar,
founded it in 1868. Mr..
Farquhar was assistant
secretary after World War
ii before joining Alex.
Brown.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29
MUTUAL FUNDS

NV YORK (AP)
National Assncia-
tiun Securities Deal
80 Lac
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-29

T-Partially tax exempt.
Navajo times., 1962-08-22
Junior College Proposed
For Apoche.Novoio Counties

looking for schools TO accommo-
date them. He also indicated that
he hoped the BLA would provide
assistance to enable the Hopi STU
dents TO attend junior college.
Arizona Hi ghway Commission
Bryant Whiting pointed out that the
communities would actually be
closer on completion Of the planned
highways. with St. Johns I miles
less and SpringerWlle 9 miles
closer, which could boost atten-
dance for a junior college He
stated that citizens Of the two
counties were already paying part
of the cos1 Of such school without
having one. and explained that in
creased costs of young people al
tending other schools would be
saved if a junior college were
built
A motion was adopted for the
TWO state board members TO pro
ceed with naming committee to
take preliminary steps TO prepare
for circulating petitions asking Tor
an election to determine the Will
of the people in the matter.
Navajo times., 1962-08-22
FIoat Entries Open
For Moub Festival

Officials of the Canyonlands
Festival TO be staged in Moab on
Aug. 81 and Sept ask that all
ORGANIZATIONS and businesses il
San Juan County plan TO enter
floats In the big parade to be held
in Moab on Sept. 1.
Entry blanks for the float con-
test must be returned TO the parade
committee by Aug. 28 SO time still
remains for action. Several classes
OF floats have been established and
each category will be judged sepa~
rately-
Navajo times., 1962-08-22

Support for a proposed junior
college district in the two counties
Of Apache and Navajo was auested
BY the attendance Of over a hun
dred citizens al an initial meeting
held August in Holbrook Notifi-
cation has been filed with the Ari-
iona State Junior College Board
seeking approval
The HoIbrook-Petrified Forest
Chamber OF Commerce hosted the
dinner meeting held IN the Motau-
RANT Cock'n Bull Room, and the
business session was opened by
Presidem c. E. Lsitzky. who
turned The meeting over TO Jesse
NJ. Smith
A former faculty. member Of the
Eastern Arizona Junior College.
Superintendent H R Starr Of the
Holbrook Public Schools compared
tbe school with what might be &C
conpIShed In northeastern Ari-
iona.
James H Coiter Of Round Valley
High School suggested that more
Information be made available be-
fore proceeding 100 far along the
authorization lines.
The Superintendent of SnoWf lake
Public Schools indicated MS feel
ings that a junior college would
provide better advanced educ alton
for freedom, relief Of crowding in
Arizona's institutions Of higher
learning. serving students who
were being denied admission be-
cause Of either expense or more
stringent tests for adrni sSion by
present schools. Finally. said H.A.
I4endrickson, the college would
provide opportunities for adult ed
uca1ion in The area
The possibilities Of financing
the school without Washington as
sistance was brought UP BY Dale
Moolford. Manager OF the St. Johns
branch OF the Valley National Bank.
VINO urged cary establishments OF
rhe school
Allen YaZzie. chairman Of the
educa alton committee OF the Nava jo
Tribal Council spoke for the Nava
70 people. indie ating thar the Tribe
could offer only moral support al
the time, bun thai the NavajoS
strongly favored the establishment
OF junior college, and would have
several hundred students desiring
admission if som e plan could be
worked OH with BIA Tor financing
Of the students.
Earl Adams. speaking for the
educ ancn comm iuee Oh the Hopis
stated that when he had assumed the
responsible lity Of getting children
into schools al the close Of Worlc
War II, he never would have be-
heveo rhar he would have TO be
Navajo times., 1962-08-22
loag Ago
(Coninued from Page 81

tCOm1mIed from Page 6l
through their country with this III
mindj TO destroy them or make
Them retreat By the Rio Grande the
thai to the west of this province,
and of the same Navajo county.
runs toward California. but for now
suPposing thay they are humbled, il
might be proper TO grant their
pacific requests. for being an
Apache band. in language, way Of
life and attributes, il would not
cease to cause trouble with its
robberies and raids until its ex-
termination MAY God keep you
many years. Santa Fe. December
18. 1816--Senor Commandane
Cener ALI acundo Melgares--
Senor Field Marshall Don Alexo
Garcia Conde--It is acopy. Dur
ango, January 1 3. 1819--Francisco
VelaSco.'
Translation by David NJ. Brugge
Navajo times., 1962-08-22

Devout Sikhs, famed fighters Of
India, may not cut their hair or
boards.
Navajo times., 1962-08-22
Gillespie

(Contlnued from Page II
We will constantly strive TO bear
in mind imparriality in enforce
mem and fairness III the stating
of the department with all people
To this end we viii be dedicated
and earnestly solicit the voters
support.
Navajo times., 1962-08-22
Thursday Aug 23 SPIN.

NOTE: All Civic viii be closed for period
of August September II because Navajo Tribal
Evening star., 1962-01-26
.WhiteHouse
Announces
Functions

President and Mrs. Ken
nedy have made another
change in traditional White
House social scheduling by
setting a dinner Tuesday,
February 20, jointly honor
ing the Vice President, the
Speaker of the House and the
Chief Justice.
Separate dinners were held
for the heads of the two
legislative branches, and for
the Chief Justice, in past ad-
ministrations.
The dinner is the first Of
a series of social events Pres
ident and Mrs. Kennedy will
hold during the next four
months, the White House an
nounced yesterday.
Three receptions also were
announced, as follows:
Thursday, April 4, from 6
to 8 pm. for members Of
Congress and their wives.
Wednesday, May 2, from 6
to 8 pm, for the diplomatic
corps.
Tuesday, May Is, from 6
to 8 pm, for the military.
Mrs. Kennedy will give a
tea May 8, from 3 to 4 pm,
for the Washington AREA
girls presently enrolled at
Miss Porter's School in Farm
ington, Conn.,, for Washing
ton area alumnae, the trus-
tees and president and past
presidents of the school.
The tea will be a cele-
bration to mark the fact that
a fund drive for the school,
which Mrs. Kennedy once at
tended, has gone over the top.
The First Lady has been
very interested in the fund
drive, according to a White
House spokesman.