davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-12-19

necessity. This Christmas
give him a bit of a laugh
along with the strictly utiN-
tartan approach to the sub
ject Of a good brush. A bot
tie Of Guinness Stout Is sim
ulated on the front Of the
sturdy brush that will al
ways keep him well-groom-
ed. At Lewis & Thomas
Saltz.
you MIGHT CONSIDER
There's a goodlooking Au-
to Visor Kit at Bruce Hunts
that clips on. It has q zip
per map compartment, Gig
arctic pack holder. change
and glasses compartment,
and 1t even includes q COM
pact emergency umbrella
and ballpoint pen.
@
ELECTRICAL wHIz "A
really novel gift is this one
from HerEog's. It's O screw
driver with o number Of
special heads that fit In,
with the entire unit beiriR
electrically lighted. A neat
Evening star., 1962-12-19
GIFT ROUNDUP
He's Special,
Sos His Gift

HIS gift requires some
thinking on the part of a
lot of HERS" when Christ
mas rolls around.
He doesn't have to be a
pampered male to appreciate
your interest in buying him
a Scardigan designed by
Cisco. The 1907 wool scarf
Evening star., 1962-12-19

idea, we think, for the
motorist who has an emer-
gency, and now can have
some light on the subject.
&& -
Farnsworth- Reed has an
exclusive waistcoat made
especially for them in Eng
land Of doeskin flannel.
Evening star., 1962-12-19

telephone. Sand Sits slowly
through this off-beat gift
from the University Shop.
1t teams golden columns
with a silver dollar on the
top. The three minute timer
would be a handy gift, too,
for a bachelor to time his
three-minute eggs.
Might be the incest hint
you could drop his way. At
The University Shop.
STOUT BRUsH-A good
clothes brush is a wardrobe
Evening star., 1962-12-19

gives you an immediate an
swer. At Lilly Dache.
TIME OUT-A busy busi-
nessman will appreciate a
timer, and for that matter,
so would h woman by her
Evening star., 1962-12-19

vest combination comes in
piaids of gray, blue, green,
red or brown at Raleigh
Haberdasher. It's a warm,
wonderful fashion thought
for all the men in your life.
\
COSSACK HAT - The
Continental favorite head
covering for those not even
remotely near the Steppes.
American men are taking
Evening star., 1962-12-19

to the bogus caracul caps
with the center crease and
the side self-cuff. Choose it
in medium gray or black at
Bruce Hunt.
DECISIONS, DECISIONS
Take the easy way out and
give him q desk ornament
whose golden outlook takes
Evening star., 1962-12-19

over the moment a decision
is necessary. The silver dollar
revolves and a fast spin OF
the heads or tails" disc
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
U. S. Chickens
In the Soup, Soy
Bonn Socialists

BONN, Germany, Aug. 8
(AP).-The price of West Ger
man chicken soup will be nearly
quadrupled by new Common
Market provisions, the opposi-
ton Social Democrats said to-
day.
Heretofore chicken backs and
neckS, which come mainly from
the United States, could be i'm
ported at a total cost of 1.46
marks (36 centS) per kilogram
(about two pounds, including
import duty and taxes.
In the future, the Socialists
said, the same quantity will
cost $40 GLAD.
Reports that the United
States Embassy was planning
to register a protest with the
West German Agriculture Min
istry were countered by a state
ment that the Bonn ministry
is not responsible.
1.-THE new price for chicken
backs and necks was decided
by the Common Market Com
mission in Brussels" the So
cialist Press Service said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
BUSINESS
BRIEFS

Business Loans by Reserve
member banks in leading
cities rose by 1892 million in
the week ended Aug. / to $685.
LAG, 100000. higher by $1,647,-
100000 than the total a year
earlier.-Federal Reserve Board.
Bank Clearings in Is leading
cities in the week ended
Wednesday fell to $685. 3d.
600, a 81 per cent decline from
the $29, 224, 400, 900 of the pre-
vious week but 40 per cent
higher than the $26,813,717, 900
of the year-ago week.-Dun &
Bradstreet.
BituminOuS Production last
week was about 8.4 million
tons VS.. 100000 tons for the
corresponding period last year
and 8,135, 900 tons for the week
ended July 28.-Nat'l. Coal
Assn.
Crude Oil and lease con-
densate production in the week
ended Friday averaged 1884,
$40 barrels daily VS.. 7,024,160
a year earlier. Gasoline pro-
duction for the week totaled
81 ,005,00 barrels VS.. 30,943,-
900 the week before and 3d.
$4,000 barrels a year ago
American Petroleum Institute.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
Litton to Acquire
Mathematician

HARRISON, N. j., Aug. s
(AP).-Litton Industries of
Beverly Hills, Calf, announced
plans yesterday to acquire the
McKiernan-Terry Corp, with
plants here and at Dover.
Carl w. Shattuck, president
Of McKiernan-Terry, and Roy
L. Ash, president Of Litton, said
acquisition of the privately
held company would be for an
undiscloSed amount of Litton's
common stock. The arrange
ment is subject to approval by
the commissioner Of corpora
lions of California.
McKiernan-Terry built the
antennaS in Maine and France
for the TelStar communications
program. 1t also makes pile
hammers, catapults and arrest
ing engines used on aircraft
carriers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
Large New Motel
Under Construction

Construction of a large How
ard Johnson ranch-level motor
lodge and restaurant has
started on the Baltimore
Washington expressway ~
miles from Washington.
A local syndicate organized
by Norman Finkelstein, Charles
Luria, Robert B. Weiss and
Russell P. Wine plans to open
the 156-room lodge and res
taurant by April l next year.
1t will be operated on a long
term lease by Northgate AsSo-
ciates, headed by William H.
Deck. The leasing transaction
was handled by C. Joseph
Molinaro, motel brokers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
RCA Names Three
As Managers Here

Warren r. Smith has been
named liaison manager for
Government service in the RCA
Service Co. of Radio Corp. here.
He formally was manager of
RCA defense affairs relating to
the National Aeronautics and
Space Administration and the
Federal Aviation Agency.
He will be succeeded in this
position by Roy Shawn, former
marketing manager for Govern
ment services in the RCA Serv-
ice Co.
Earl Merritt has been named
manager of electronic warfare
products.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
Byrd, Boucher
enMortgage
Banking Firm

James P. Byrd and c. Robert
Boucher today announced for
nation of a new mortgage
banking firm, Byrd boucher &
Co., with offices in the Invest
ment Building.
The firm is D. c. area cor
respondent for the Connecti-
cut Mutual Life Insurance Co.
of Hartford and will conduct a
mortgage banking and broker
age business.
Mr.. Byrd formerly was a
partner in the firm of Byrd &
Mccarthy and before this was
associated with Walker & Dun
lop, Inc. He has bachelors and
law degrees from Georgetown
University.
Mr.. Boucher has long been
identified as an appraiser-con-
sultant on real estate matters
in this area. He is a native
of Washington and a graduate
of the University of Maryland
and has been active in civic
and sports activities. He will
continue his appraisal and con-
Sultation work in addition to the
new mortgage function.
H. Timothy Flynn, who re-
turned recently from service
with the Marine Corps as a jet
pilot, is associated with the new
mortgage banking firm. Mr..
Flynn is a graduate of the Uni
versity Of Maryland, where he
was active in sports.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
Jet Engines
To Generate
Electricity

CINCINNATI. Aug. 9 (AP)
The J-79 Jet engine. used for
some of the Nations most pow
'erful bombers, Is going to be
put to work to provide electric
power in the greater Cincinnati
area.
The Cincinnati Gas & Elec-
trio Co. announced yesterday it
is buying a new type turbine
generator which will be pow
cred by 10 Of the J-7s Jet
engines.
1t will be 9 100000 kilowatt
powermaker, and w. H. Zim-
mer, president Of cG&E. said
it will be the first multi-jet-
powered generating unit in the
world.
The equipment, q new build
ing and the related transmits
sion lines viii cost an estimated
$40 million. Mr.. thinner said
1t is planned to have the plant
in operation by 1865.
The turbine generator and
the jet engines are built by the
General Electric Co.-the en-
gines at the GE plant here and
the turbine generator at the
plant in Schenectady, N. Y.
Ten Of the powerful turbojet
GE engines will be mounted
horizontally, like bullets in q
revolver. to make up the new
powermaker. They will operate
as gas generators, exhausting
into q single-stage 1900 rpm
load turbine. The latter. in
turn, will drive 8 conventional
hydrogen-cooled generator.
The turbine generator will
be housed in q steel and con-
crete structure adequately de-
signed for soundproofing.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
YOUR MONEYS WORTH :
U. S. Bond Sale
Disappointing
BY SYLVIA PORTER

get-and top-grade corporate
bonds give them substantially
more than Az per cent. Many
also shy from putting savings
into a bond not due until 1892,
for they fear interest rates may
rise. AS an individual, you
might have liked that Az per
cent coupon but lots Of insti-
buttons simply did not.
The plain fact is that the
Treasury never has financed a
big part of q years budget def
icit through tapping savings.
It has obtained most of the
money from banks. II 1t tries
to tap savings now. a publicity
campaign will be essential
and possibly higher interest
rates.
Traditional conservative fl
nancing calls for borrowing
outside the banks when a
country runs a deficit. But it's
q procedure we've never
achieved and we won't unless
the Treasury tackles the job in
a different way.
Distributed, 1862, by the Han Syndicate,
Inc. AL RiGhts Reserved
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
Steel 10 Rush
Sheet Plant
In Gary, Ind.

CHICAGO. Aug. 9 APP
A new multi-milhon- dollar
cold-rolled sheet steel mill will
be in operation in Gary, Ind,
within a year, officials Of the
U. S. Steel Corp. have an
nounced.
The new steel-making facil-
ity will be constructed despite
the fact that the industry is
operating at only about so per
cent of capacity. The new mill
will double the company's ca
pacity for production Of cold.
rolled sheet steel.
Richard F. Sentner, u. s. Steel
executive vice president. told a
Chicago news conference yes
terday that heavy demands in
the Midwest area for cold-rolled
sheets are the determining fac
tor in the decision to build the
new mill.
United States Steel officials
would not estimate the cost Of
the mill, but industry officials
said it could be as high as SIS
million.
The Federal Government has
announced new depreciation
rules and incentive tax pro-
posals to spur expansion and
modernization of United States
industry. But Mr.. Sentner said.
the new mill was in the plan
ming stage many months prior
to the Government announce
ment.
The new mill will be COM
pleted in two years and in par
tial production within a year,
Mr.. Sentner said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
Cunudu Fares Raised

TORONTO, Aug. 9 (AP).-
Canadian and United States
authorities yesterday approved
a rs per cent increase in United
States-Canadian TRANSPORTER
plane passenger fares after
September 5. The increase,
attributed to the recent de-
valuation of the Canadian dol
lar, will involve such major
airlineS. as Trans Canada,
American and Eastern Airlines.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
LIVESTOCK
CHICAGO

=. CHICAGO, Aug. 9 (AP) CUsDA).-
Hogs 5000; rather slow, butchers
steady to- weak. instances 25 lower;
S SoSs steady: fair shipping demand; IL
200--225 ID butchers 19.25-19.40: 20
head at 1910 and II head 215 lbs
1880; mixed 1-3 190-250 lbs 1875
1925. mostly 1S.75-19. 90 late; couple
loads % 260-265 lbs 1850; several
lots IL 1S0-1S5 lbs 1850; mixed 1-3
300-350 ID sows 16.50-17.75; 10 head
around 1900; 35O-4O0 lbs l5.5O-l6. so:
2-3 400-500 lbs 14.5O-15.75; 500-550
lbs 14.00-l $50; boars 12.00-13. so;
shippers took 5000.
Cattle 500; calves none; trading &C
tive hardly enough any class except
COWS on offer to fully test prices; few
sales steady to strong: cows steady to
% higher: Individual choice slaughter
steers 27.50-28.00; short load choice
ops ID. yearlings 1915; good 24.00-
few small lots choice heifers $500
$3.50; load mostly good around 500
lbs 24.65; good 23.50-24. so: utility
and commercial cows 1425-165O
Gamers and cutters 13.00-15.50; utility
and commercial bulls IS.5Q-20.00;
few standard vealers 2O.O0-25. 90;
utility 15.00-20.00.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
2Virginio Banks
Aqree to Meroe

FRONT ROYAL, Va, Aug. 8
(AP).-The boards of directors
Of the First National Bank of
Flint Hill and the Citizens Ma
tional Bank of Front Royal
have agreed to a merger of the
two banks, it was announced
yesterday.
The two banks, one in Rap
pahannock County and the
other in Warren County, have
total assets approaching So
million.
The proposed merger would
be consummated through an
exchange of stock. The stock
holders of both institutions and
the Controller of the Currency
still must approve the move.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
Gains Reported
By Buckingham

Buckingham Corp, importer
and marketer of Guilty Sark
Scotch whisky in the United
States, reported net sales of
$27, 1924 in six months ended
June 80. compared with $2O,-
360,815 in the same 1861 period.
Net income was 81, SIT, 391 or
So cents a share VS.. $1,159,512
or 40 cents a share a year
earlier.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
Edmonston Forms
Construction Firm

T. Richie Edmonston has
formed a new firm under the
name of Edmonston Construc-
ton Co.. with offices at 1923
Connecticut avenue NV.
Mr.. Edmonston has been in
the construction field for rs
years and has participated in
many large projects, including
the Kennedy Warren, the Berk-
shire and Green Briar Apart
ments.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
Morton Distributing
Buys yoffe Unit

Morton Distributing Co. of
Merrifield, Va, has purchased
the toy merchandising business
Of the Modern Enterprise Divi-
sion Of Joffe Bros. of Balti-
more.
Sidney Kronenberg, formerly
with Modern Enterprise, will
represent Morton in Baltimore.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09

their interviews and investiga-
tons when they fail completely
to learn of the formidable
record Of the Salesmen's du-
bious connections" the SEC
decision added.
The appellants from the
NASD expulsion indicated that
had they known of the past
connections of the statesmen
they would not have engaged
them.
Here is the crux Of the case
against them" the SEC stated.
They did not know and made
no reasonable effort to find
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
Conodion Oil Rejects
Bid by Shell Athlete

TORONTO. Aug. 9 (AP).-
Canadian Oil Companies, Ltd,
has turned down q STA million
bid for its purchase by Shell
Oil interests, but inquiries are
under way that may lead to
other offers.
To observers. the situation
has all the potential for a bat
tie of offers and counter-offers,
with final decision resting with
the shareholders. and Canadian
ownership a factor in their
decision.
The Shell offer was equal to
about $50 per common share.
and Canadian Oils board Of
directors said yesterday the
value of the company is con-
siderably in excess of that.
The company, whose adver-
Using features the Sloga n
Canadian All the Way" again
emphasized it is "the only
major Canadian controlled, in
tegrated oil company left in
Canada" and said its Canadian
ownership has been one of the
prime factors in its philosophy
and progress.
However, the announcement
didn't shut the door on offers.
1t said, There have been many
expressions of interest on the
part of other companies which
have yet to be considered and
assessed"
One company reported to be
bidding for control is the big
American Phillips Petroleum
Co., through Pacific Petroleums,
Ltd, Of Calgary, which is SO
per cent owned by Phillips,
Phillips is also reported to be
bidding, through another SUBJ
sidiary, for Superior Propane,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09

Ltd, the Ontario Quebec pro-
pane gas distributor for which
British American Oil Co., Ltd.
has also made an offer.
Initial reaction of Shell to
the rejection was 9 brief state
ment from w. M. v. Ash. chair
man of Shell Oil Co. Of Can
ada, Ltd, that he had been ad-
viSed Of the decision and there
was no indication of any in
tention by Canadian Oil to re-
fer this matter to its public
shareholders as had been re-
quested by She'll"
Whether or not Shell now
will make a direct offer to
shareholders, or what its reac-
ton may be to any competing
offers, realms to be seen.
The rejected Shell offer, was
made July 81 through Hesper
OIL Co. Ltd, a recently formed,
wholly-owned subsidiary Of
the Shell Oil Co. of Canada,
which in turn. is the operating
arm in Canada of the world
wide Royal Dutch Shell group.
Much Of the final decision
concerning Canadian OILS ulti-
mate fate rests with Power Cor
poration Of Canada Ltd. of
Montreal, which holds $50, 900
Of the company's 2,618.370 is
sued shares, and also an inter-
est in the preferred shares.
On the Toronto stock eX-
change yesterday Canadian Oil
shares closed at $50 a share,
compared with a high for the
year Of $37.25' and a low Of
$24.25.
Canadian Oil dropped sharply
during light morning trading
on the Toronto Stock Market
today, opening at $3.50 before
climbing to $35 for a loss of 81,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
Prudential Makes
$1,o3O,OO0 Loan

Prudential Insurance Co. has
authorized a $1,930,000 long
term loan on a 10-story, 193-
unit apartment building to be
constructed on Quincy street in
Arlington.
The reinforced concrete
building will be built by Nc
Mullen-Borges Co., which is
headed by James H. McMuIlin,
Arlington realtor. Loan nego-
tiations were conducted by
w. I. Barter, jr., of Pruden-
tial's Arlington office.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
Operations Research
Doubles Gross Sales

Sales of Operations Research,
Inc, totaled $2.7 million in
seven months ended June 80,
or more than double the
81 $4,000 a year earlier, Pres
ident Emory Cook announced.
The firm has headquarters
in Silver Spring and facilities
in Santa Monica, Calf, and
Atlanta, Ga.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09

hiring procedures in the Secu-
rites business and had the eff
feet of permanently barring
the noncomplying firm, Wick
erS, ChriSty & Co., from the
investment field.
The commission also affirmed
the NASD'S revocation of the
registration of Sydney C. Wick
ers, jr., and William j. ChriSty,
president and Secretary-treaS-
urer, respectively, as registered
representatives.
In this first case presented to
the commission involving re-
Sponsibilities of NASD men,
bers in hiring registered rep
resentatives, the commission
opinion observed:
Both the NASD and we have
been concerned with raising
standards of character. COM
petence and training of securi-
ties statesmen. The salesman
often represents the major
point of contact between the
securities business and the gen.
eral public-a minimum level
here can produce maximum
damage everywhere"
Reasonable Care" Required
Under rules of the NASD, any
member firm which associates
with it any person requiring
registration with the associa-
ton must have reason to be-
lieve that such person sis of
good character and Of good
business repute" and is or will
be qualified by training or ex-
perience to perform the func-
lions assigned to him.
Upon the exercise of reason
able care, the member must so
certify to the NASD.
Such determination is the
complete" responsibility of the
member and improper or I'M
warranted certification shall be
deemed to be conduct contrary
to high standards of CONNER
cial honor"
The NASD, self-policing or
ganization of the securities in
dustry, ruled that the Vickers-
Christy firm had certified to
the good character and good
business repute" of the four
statesmen employed in June,
1860, without having exercised
reasonable care" in investigat-
ing their background. This
finding was sustained by the
SEC.
David Schor, one of three
statesmen who formerly worked
for Biltmore Securities Corp,
a defendant in two separate
commission actions based on
fraud charges. himself had
been a defendant in an injunc-
ton action based on fraud
charges while employed by
Philip Newman Associates, Inc.
Ignorance Plea Rejected
Moreover, the four statesmen
previously had been associated
with 10 or more other firms
against which various adverse
actions had been taken, the |
SEC said in announcing the |
decision.
Despite this. the firm had
made an inquiry only on Bilt-
more, for whom three of the
statesmen had worked for short
periods. The superficial" ma
ture of the firms inquiry, the
SEC stated, was highlighted by
its assorted ignorance Of Bilt-
more's difficulties and the prior
employment records of the
salesman.
1--WE must doubt the depth of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
BELGIUM Cuts Rute

BRUSSELS, Aug. 8 APP
The Belgian National Bank
again lowered its discount rate
today. bringing it down to 33z
per cent. This is the fourth
such cut In the discount rate
in Belgium since December %.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
Eurnings
Acme Markets in ]

Acme Markets in Is weeks
ended June 80 earned $3,110,-
121 or $1.33 a share VS.. $3,046,-
055 or $1.31 in 1861 period.
Illinois Central RR. in 7
months ended July 81 earned
SIS, 892,803 or $1.88 a share VS..
SIS, 890,949 or $1.88 in 1861
period.
United Aircraft Corp. in 6
months ended June 80 earned
So, 273,356 or $1.34 a share VS..
$5,001 1873 or 81 cents in 1861
period.
Other oorT1iYoc ipnI,,daI.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
Richmond Bunk Split

RICHMOND, Aug. 9 (AP).-
Stockholders of the Central Ma
tional Bank will vote August 81
on a proposed three-for-one
stock split. The directors ap-
proved the proposal yesterday.
The board authorized 100000
increases each in the banks
capital stock and surplus.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
Dart Drug Reports
Sharp Sales Gains

Sales of Dart Drug Corp.
amounted to $647,702 in July,
an increase of 1863 per cent
from $556.737 a year ago, Presi-
dent Herbert H. Haft reported
today.
Sales in seven months ended
July 81 totaled $4,284,110, an
increase of l4.8 per cent from
$3,733,235 in the same 1861
period.
July was the 82d month in
which sales have been ahead
Of a year earlier, Mr.. Haft said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-09
Rate Was Doubtful

Was the sale q disappoint-
ment because Of the interest
rata AZ per cent coupon
and q yield Of 4.19 per cent?
Yes and no.
A AZ per cent coupon COM
pares favorably with savings
bonds but many institutional
investors are looking for the
highest annual return they can