davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-01-21
Stocks Slide
In Spite Of
Hopeful News
BY ED MORSE
Associated Press Financial Writer

NEW YORK, Jan. 20-The
stock market closed sarply
lower this week despite and i'm
presSive rally on the final day.
The Associated Press aver
age Of so stocks declined $50
to 255.10. The Dow Industrials
average had a loss of 11.01,
closing at 700.72.
For most of the week it was
the same old 1862 story-sharp
losses by many of the high
quality issues whose only sin
was that they achieved big ad-
vances in 1861.
The decline, once again, oc-
CURED in the midst of encour-
aging economic news. The Ma
tion'S industrial production in
December was reported at a
record, steel output advanced
in the latest week, retail auto
sales in the first third of jan
uary were reported the highest
in five years, sales for durable
goods were at record peaks for
December.
One analyst said that the
selling of the big winners of
1861 was merely essential
groundwork for buying the
prospective money makers of
1862. Other analysts were not
SO convinced.
The five most active issues
this week on the New York
Stock Exchange were: Bruns-
wick, off 11a at 403s on 514,-
600 shares; American & For
eign Power, up 3s at 1921;
American Motors, off "a at 16;
General Motors, off ~ at 54,
and South Puerto Rico Sugar,
off % at 3612.
Evening star., 1962-01-21
COTTON

NEW YORK. Jan. 20 CAP).-A two.
week gain BY cotton future prices ended
tween 70 cents and $l.60 a bale.
The market experienced profit.taking
hedge selling and scattered liquidation
attributed to continued slow business in
the spot and export markets.
CuShioning the declines were limited
Prlce-hxing and some demand as prices
lowered. There were reports also of a
slightly better than expected DeceFnbeT
consumption report.
Exports for the week ended January
70 totaled $4,000 bales, the New York
Cotton Exchange reported. This com.
pared with 10000 bales a week earlier
and zOe,OoO In the comparable week a
uary l6,. exports totaled 2,l39 900 bales
compared with 2,s3s,ooo last year.
The Nome nugget., 1962-05-07
TITOV SAYS MOON
 SHOT SHOULD BE JOINT US. RUSSIAN PROJECT

CHICAGO R = Soviet cosmo- naut Gherman Titov said Saturday he would be pleased if the effort to place the first man on the moon was joint American Russian project.
 At a news conference during a brief stopover at O'Hare Field on his trip from Baltimore to Seattle, the spaceman was asked when a man would land on the moon.
 He shrugged and replied he would be glad if the project were carried out jointly by the United States and Soviet Union in special spacesfip.
 "That would be splendid" he said through an interpreter.
 Titov also was asked if he thought the US. is making 2 mis- take in conducting it's space tests in the open
 He said none of the US. flights have revealed anything the Rus sians didn't already know.
 NeWsnlen asked what impressed him the most during his visit to this country. Apparently she hu- mans made a good impression on him but not the things that humans have built.
 And, he said, there are too many automobiles.
 You have to run all the time, he said.
The Nome nugget., 1962-05-07
ALASKA HAS MANY FAIRS AND FESTIVALS PLANNED

While millions of visitors respond to the cry of Come to the Fair!" the big one, the Seattle Worlds Fair-this summer, tens of thou sands of these same visitors, and others, will respond to an addi- tional call. This one, from up Alas ka way, adds, and as long as you've come that far, extend your trip a little and sample the fun of our fairs and festivals and cele- brations too"
 Alaska boasts more than dozen such major fun-fests every sum- mer, beginning with the Kodiak King Crab Festival, May 4-6 and ending six months later with the Alaska Day Festival at Sitka, October 18.
 Between these dates Alaskalls have scheduled: the Little Norway Festival at Petersburg, May 1920; the Homer Water Festival, May 30; the Nome Midnight Sun Festi- val, June q; Palmer Colony Day, also in June; Fairbanks Golden Days dncluding the Eskimo Olyrn- pics), July 1922, The Alaska State Fair at Fairbanks, Aug. 8-12; Kenai Days at Kenai, Aug. 18-19; Homer Fair the last weekend in August; Matanuska Valley Fair at Palmer, Sept 1-3: Labor Day Fes- tival at Ketchikan, Sept. 1-3; Sour dough Days at Skagway, Sept. I-3; and special Indian dance ce1ebra- tions by the Chilkat Dancers at Haines-Port Chilkoot, Sept. 1-3.
The Nome nugget., 1962-05-07
SOTIET PAPER SAYS US. IS AFRAID OF PEACE

MOSCOW R = The Soviet gov- ernment newspaper Izvestia says the United States is afraid of peace and at the same time hope ful that the arms race will damage the Russian economy
 Izvestia took the unusual step of drawing on the Communist party's official commentator, vik- tor Mayevsky, to write the article under the pen name of Observer, z usually used to express the Krem- lin's official view.
 The article attacked the United States for resunaing nuclear test ing and said the nuclear race was intended to bolster the American economy and undermine the Soviet economy.
 But instead of bolstering the American economy, Mayevsky wrote, the nuclear race was under mining it and was not endanger- ing the Soviet economy.
 @The Soviet Union is not going to beg for disarmament" he wrote. Our country has mighty armed forces. It is strengthening and will continue to strengthen it's defense capacity day by day. The socialist economy has all the possibilities at it's disposal for successful fulfill ment of it's plans"
The Nome nugget., 1962-05-07
SENATE TAKES FIRST STEPS ON LIT'ERACY BILL

WASHINGTON P = The first step was taken today toward Senate vote Wednesday on the question of whether to to shut off the southern talkfest over the ,1iteracy test bill. A petition for limitation on debate was filed.
 Senate leader Mike Mansfield and Everett Dirksen presented the cloture petition with % names. A minimum of IS was necessary.
 Names of 19 Democrats and 10 Republicans were on the petition.
 Under the rules, the cloture vote will come an hour after the Senate convenes Wednesday.
 Mansfield said he would ask the Senate to meet at II am, We'd nesday. This would bring the vote by noon.
 Senate approval of cloture peti- tion does not immediately halt all debate.
 If adopted, it would limit each senator to one hour of debate on the adninistration-backed proposal to substitute sixth grade educa- ton for the literacy test which some states require for voting in federal elections.
 Sponsors of the sixth-g grade re- quirement contend that some south ern states have used unfair literacy tests to prevent Negroes and others from participating in federal cleo tions.
 But score of southern senators, led by Sen. Richard B. Russell, O-Ga.), contend the bill is an url- constitutional invasion of states right to establish requirements for voting.
The Nome nugget., 1962-05-07
NLRB SAYS UNION IS COMMUNIST INFILTRATED

WASHINGTON LR = A govern nent board says the International Union of Mine, Mill and Shelter Workers is Communist-infiltrated and therefore cannot represent em- pIoyes under the National Labor Relations Act. Union officials de- nied the finding and said they would file an immediate appeal.
 The decision was announced Friday by the Subversiye Activities Control Board. In a 97-page re- port, it backed the findings of board member Francis Cherry, who sat as an examiner, that the union was heavily laced with Communists or Communist sympathizers.
 The Mine, Mill and Shelter Workers Union is independent, having been expelled from the old CIO in 1950 It claimed 100000 members in 200 locals in 1859, but since then it's membership report edly has declined to about 6O,000. It represents workers in the copper, lead and zinc mining and refining industries.
The Nome nugget., 1962-05-07
INVITATION FOR BIDS
 STATE OF ALASKA DEPARTMENT OF HIGHWAYS

Sealed bids in single copy for furnishing all labor. equipment and materials. and performing all work for Project S-I45It3). Nome Kou- garok Road. Coffee Creek to Kcu- garok River. described herein. will be received until I0:o0 a.rn.. pST. May 31, 1862 in the Commissioner office. Department of Highways. Island Center Building. Douglas. Alaska.
 This project consists of grading and drainage of s.9Il miles of road way near the City of Nome. State of Alaska. Principal items of work consist of the following: UnclasE:- fled excavation 80.000 cubic yards; Borrow excavation. Case l. 357 .OOO cubic yards: and miscellaneous minor drainaue structures. All work shall be completed within lsf working days after date of receipt of notice to proceed.
 PIaus and specifications may be obtained by ali who have a bona fide need for fhern for bidding pur- poses from inc Commissioner of Highways. Plans may be examined af Department of Highways Dis trict offices in Anchorage. Fair banks and Juneau.
 "A bid guaranty is required with each bid in the sum of not Iess than l0sd of tho total amount bid for inc work when the amount bid is $i00.000 or less and in the sum of not less than 5s6 of fhe total amount bid for the work whom Inc amount bid is oyer $l00. 900. If the bidder fails 10 accompany his bid with fhe required bid guaranty. his bid will not be read or other wise considered. Photographic nofi- fication of execution q . bid bond does moi meet inc above require menfs of bid security accompany ing . bid.
 Bidderx are hereby notified fhat rrequalification of contractors is a ln1ndHtorY requirement and no bid will be accepted if the bidder has not been prsqu1lified.
 D. "A. McKINNON. PIE.
 Commissioner of Highways
 Pub: May 4, IT, g, 1862. Le0al Blanks af The Nuqoet office 1
The Nome nugget., 1962-05-07
FISH SLEEP TT OFF :.

STIRLING, Scotland IR -- The fish of the River Endrick started drinking like men. They got so drunk they just gave themselves up. It happened Friday night when a nearby distillery accidentally leaked some of it's whisky into the river. Astonished anglers saw sal
 mon and trout weaving drunkenly through the water, snapping care lessly at hooks and resisting to hen tl.s..s .< sss.ssssas:- with than droWsy flick of the tail.
 Most of the surrendering fish were put back to sleep it off.
The Nome nugget., 1962-05-07

Legal Blanks al The Nugget office
The Nome nugget., 1962-05-07
RICHARD MONSMA.

This bright growing girl loves the delicious Apricot Whip she's eating Carnaton Companys home economists have developed the with evapoated milk the milk that whips evaporated milk the milk that easily dgested and contains twice the of vamin D protein and minerals, essential to the good health of growing youngsters
 During Baby Week. April 28 5 through the year. insure the webeing of your children with doubrich eyaporated milk.
 APRICOT WHIP u16lkeS eo sexvingx1
 cup nndiluted evapo=.:>4i egg whites
 tablespoons leunea juice strained apxicots M CID Eoufsctienexs' nassf
 Chill evaporaed milk in refrigerator tray until soft ice crystals form around edges 0f tray u5 to 20 minutes Whip until stiff labout inute) Add lemon juice and whip until stiff, but dry Fold egg wites nnd apricots into immediately. H S
The Nome nugget., 1962-05-07
JAW Calls for Desegregation

0AW ~HlIS 41T 0E51SKGyd1lUM
 ATLANTIC CITY, N.J. R The Auto Workers Union convention unanimously called on Congress today to require that every US school district begin classroom de segregation when schools reopen next fall.
 The 2,800 delegates acted after hearing Dr. Ralph J. Bunche, Un. dersecretary of the United Nations say in convention address tha1 the United States still has "a very long way to go to achieve socia democracy"
The Nome nugget., 1962-05-07
S4sl.ooo for Wildlife

Wkf1r1IIyNxIIJU JdT aIdSNa will receive $491 ,0OO for wildlife restoration and $123 800 for fish T..lg llnxler the federal Iam aI- locating part of the excise tax on sporting goods sales for such work, Sen. Warren Magnusoii, D-Wn.), said Saturday.
 The balance of the aid funds under the act will be apportioned to the states in the fall, he added. He is chairman of the Senate Conn rnerce Committee.
The Nome nugget., 1962-05-07
IN THE SUPERIOR COURT FOR THE STATE OF ALASKA SECOND JUDICIAL DISTRICT
 HTn Ef s11 n


 FOR HEARING FINAL ACCOUNT AND PETITION FOR DISCHARGE IN THE THE MATTER OF THE ESTATE
 OF
 RICHARD MONSMA, Deceased. ROBERT ". OLIVER, Administrator of the Estate of Richard Monsrna, de- ceased. having filed in this Court his Final Account and Petition for Dis- charge. praying that day be appointed for the hearing thereof, 1t is hereby ORDERED that the said Final Account eral Building at Nome, Alaska on Tues- day the 18th day of June, 1862 at the hour of 2:00 pm, when and where all persons interested in said estate may have, why said account should not be settled; and at said hearing the Court will determine what persons are to take the estate us1gs17 the ifstestate laws Of the State of Alaska; it is further ORDERED that notice of said hearing shall be given by publication of copy hereof, once a week for four eorSo- cutivc weeks in the Nome Nuflet, q newspaper of general circulation at Nome. Alaska
 DATED at Nome. Alaska this 18th day of April. 1e62.
 Grace Fl Hefn1an,
 Special Mastcr Of Probate Pub: April l6. 9. 90. May !.
The Nome nugget., 1962-05-07

SUBSCRIBE TO THE NUGGET
The Nome nugget., 1962-05-07

Fine Job Printing IT Tho fTsusgss
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-01

acquire four letters By the addition Of
's," such as bats" cats" are not
used. 3. Only one form of q word is |
used. 4. Proper names are not used. |
Answer to QUOTABLE
quote, quota, tael, tale, table. tabu, ]
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-01
WORD GAME

ON STAGE
BUCK ROGERS


: Find 81 or more words in
h. ICE B E r G S
meaning floating masses of
ice" Average mark is % words;
time limit, IS minutes.
Rules Of the game: 1. Words must be
of four or more letters. 2. Words which
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-01

teal, tola, tolu tooue, tole. tube. tuba
tule, about, able, abet, sbut. alto, aloe,
bale, bate, beau beat beal, belt, beta.
blue, bleat. blet, bloat, blot. bluet,
late, lobate, lout lutte equal.
Evening star., 1962-05-09
ThuntCites
Accidental
War Danger

COPENHAGEN. Denmark,
May 9 (AP).-Acting United
Nations Secretary General q
Thant warned today that the
risk of a nuclear war starting
by accident Is becoming greater.
Mr.. Thant told q news con-
ference prior to his departure
for New York that he did not
believe either the United States
or Russia would deliberately
launch q nuclear war"
81 am absolutely certain Of
that" he said, because these
arms are not weapons Of war.
They are means of indiscrimin-
ate destruction.
"But the risk Of war by acci-
dent Is becoming greater and
greater as days go by. Both of
the nuclear giants have rockets
ready to be triggered in q few
minutes. The risk Of q nuclear
warhead leaving the launching
pad unintentionally is very
great"
Mr.. Thant said for this rea-
son such small powers as Den
mark, Sweden, Finland and
Burma have q great task.
They can build q bridge be-
tween the giants and contribute
to removing distrust and bitter
ness" he said. That has also
been my task ever since I took
over this office"
Evening star., 1962-05-09

abroad. persistent deficits In
the United States balance Of
payments and dangerous drains
on the Governments gold
supply.
Although the administration
Is wary Of these hazards. off,
cials maintain that moderate
deficits would not be initiation
airy In present circumstances.
when unemployment Is high and
factories are operating far be-
low capacity.
They argue that Government
persuasion and pressure will
hold down the wage-price
spiral. aiding the fight against
initiation.
AS for international conf
dence in the dollar, these Off
cials contend that foreigners
are more interested In the
strength and vigor Of the Amer
lean economy than in whether
the budget has q modest deficit.
Evening star., 1962-05-09
Some Economists
Favor Deficits

Despite conservative criti-
cism, many economists contend
that budget deficits would be
Q good thing in present circum.
stances. They urge the admin
istration to seek deficits
deliberately, aside from any
considerations of specific spend
ing and tax programs.
According to this view, the
tax system pulls too much
money out Of the private econ
omy relative to the amount Of
Federal spending. These econ-
omists argue that the budget
is designed to balance at too
high a level Of unemployment.
Evening star., 1962-05-09
Hopes on Taxes
Change in Year

Early in the Kennedy ad-
ministration, hopes were high
for tax reductions in 1862. But
then the Berlin crisis led to
increased military spending,
starting last summer.
Rising expenditures abruptly
stopped administration consid-
Grafton of tax cuts, because the
President still was determined
to balance the budget. In fact,
he tentatively decided to pro-
pose tax increasts to pay for
the military buildup, but
changed his mind only hours
before addressing the Nation
on the Berlin crisis.
From last July until a few
weeks ago. the administration
based tax policy on the idea
that any reductions had to
be approximately balanced by
increases.
Then the thinking shifted as
officials studied unfavorable re-
ports on the economy. Although
there are dissenters and policy
is not yet established, the pre-
vailing view now is that the
Government should reduce the
total tax take.
The vehicle for tax reduction
will be the long range tax
reform program scheduled for
submission to Cong gress this
summer. This program would
follow up the limited tax bill
now pending in the Senate, and
the standby tax-cutting legis-
lation for use in future recess
sions, proposed by the Presi-
dent yesterday.
The Basic Tax Plan
Until a few weeks ago, the
President had intended to
propose legislation to raise rev.
enue by closing "loopholes" and
increasing taxes on some kinds
Of income. Revenues gained in
this way, according to plans.
would pay for reduction Of tax
rates.
For example, the administra-
tion has been studying tougher
tax treatment Of stock options,
Evening star., 1962-05-09
Statistics
Of Problem

Gross national product-eotal
OUTPUT Of goods and services
rose to q seasonally adjusted
annual rate Of $549 billion in
the January-March quarter
from s542.2 billion in the pre-
ceding quarter and $500.8 bill
lion in the first quarter Of 1861,
at the depths Of the recession.
The administration had ex-
pected q S553 billion rate in
the January-March quarter.
Since GIMP is the key ba-
rometer Of overall economic ac-
tivity, many policies and pro-
grams rode on the administra-
tion's January prediction that
it would rise from $521.3 billion
in 1861 to $570 billion in 1852.
Now the consensus is that GIMP
this year will total between
$500 billion and $565 billion.
Personal income has shown
strength, but consumer spend-
ing has been disappointing.
Retail sales in March totaled
$l9.3 billion on a seasonally
adjusted basis, up from $19.1
billion in February and $18.1
billion q year earlier.
Some Optimism Noted
Household goods and other
durable products have Jagged,
but manufacturers are opti-
mistic about the near future.
Auto sales were low earlier this
year, but spurted impressively
in March and April, and the in
dustry now expects to sell
nearly z million American
made cars this year.
Analysts believe consumers
have plenty Of cash and are
not over-burdened with INSTALL
ment debt, so they expect a
good pickup in retail sales be-
fore long. Some experts, how
ever, doubt a real buying boom
viii develop unless industry
develops some radically new
products.
Housing has been an i'm
portant depressing area. Con-
struction started on only 1,131, :
900 private non-farm units in
February, on q seasonally ad-
justed annual rate basis, down
from the 1861 peak Of 1,404, 900
last October. But the April re-
port was encouraging, with
5000 starts.
Manufacturers sales rose /
per cent from February to
March on a seasonally adjusted
basis. But a decline Of l per
Evening star., 1962-05-09

Continued From Page Al
point to the fact that employ
nent has improved much
more slowly than general eco
nomic barometers have risen.
This situation shows, they
maintain, that the problem is
baSically Structlral-that auto
nation, shifts in demand,
Government policies and other
forces have warped the econ
omy's structure.
They contend that solutions
do not lie with general meas
ures to stimulate the economy,
but with selective action to
train workers. improve labor's
mobility, hold down costs, en-
courage investment and gen.
orally to let private enterprise
operate more freely and more
profitably.
The administration acknowl-
edges the necessity for selec-
tive measures to lubricate
creaky parts of the economy.
But most officials warn that it
would be easy to exaggerate the
Importance Of such forces as
automation.
II overall economic activity
speeds up sufficiently, they
maintain, the surge will ease
many structural problems =
providing jobs, increasing pro-
fits, heightening incentives and
encouraging investment. Selec-
tive measures will work only
when the whole economy is ex-
panding rapidly, they contend.
Look to Bigger Deficits
This conflict Is the basis for
arguments over Government
spending, taxation, deficit fl
nancing and pump-priming
Belief is growing in the ad-
ministration that bigger budget
deficits will be required until
full prosperity finally boosts
revenues enough to create sur
pluSeS.
Concern about the economy's
recovery from the 1960-61 re-
cession became widespread
when statistics for January and
February disclosed a lull in the
upturn. Activity picked up
again in March and April, and
many analysts minimize the
significance Of the January
February pause.
But forecasters see signs that
the economy lacks the vigor
expected by optimists in the
administration early this year,
although some maintain that
the slower pace may make the
upturn last longer.
Few economists anticipate a
new recession within the next
year or so, but some expect the
rate of advance to slow down
seriously early in 1868.
Evening star., 1962-05-09

and to produce too big a sur
plus at full employment.
This distortion Of the budg-
cts structure. they warn, auto
matically cuts short economic
upturns before full employment
Is achieved. As soon as the
economy makes q limited
amount Of progress, they theo-
rize, the budget starts repress-
ing activity.
When recovery stops, these
economists note, Federal re-
venues automatically fall off
and budget deficits result. BY
aiming ct too big o surplus.
they maintain, the Government
actually dooms itself to deficits
and makes high unemployment
inevitable.
It would be far better, they
urge, for the Government to
increase spending or cut taxes
sharply now. This would lead
to temporary deficits, they
concede, but would push the
economy to full employment
and high levels Of activity,
which would boost Federal re-
venues and yield budget sur
pluses before long.
Officials Not Convinced
Administration policy-mak-
ers are not ready to accept this
theory fully. but their consid-
Grafton of tax cuts indicates
they are leaning in the direc-
ton.
Advocates Of the theory are
not satisfied with the prospect
that the budget as now con-
structed is headed for q deficit
in fiscal 1868, the year start
ing next July /. They insist
that this kind Of automatic de-
ficit. resulting from tagging
economic activity, must be re-
placed By . bigger planned
deficit.
Official estimates place the
budget deficit for the current
year, fiscal 1862, at 81 billion.
Some analysts predict SO bill
lion.
For fiscal 1868, the President
projected seas billion Of ex-
penditures and $93 billion Of
revenues for a surplus of $463
million. Now the general ex-
pectation Is that there will be
a deficit Of anywhere from 81
billion to 81 billion.
Spending is not expected to
rise much above the $92.5 bill
lion forecast, but revenues prob
ably will fall short because
taxable profits and personal
incomes are likely to miss ad-
ministration targets.
Budget deficits raise the
specter Of initiation, competitive
difficulties in export markets.
loss of confidence in the dollar