davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-18

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Evening star., 1962-01-25
Melon Planned
By American
Mercury

Directors of American Mer-
curry Insurance Co. today de-
clared their intention to pay
a 2 per cent stock dividend
out of the company's retained
1861 earnings, subject to ap-
proval of stockholders at the
annual meeting on March is.
James H. Lemon, chairman
of the board, said it was the
boards intention to declare
this first stock dividend in the
company's 13-year history on
March Is after stockholders
have approved an increase in
authorized shares from 405, 900
to 100000 shares.
The proposed dividend would
be payable May l to stock
holders of record April /.
The company Specializes ex-
clusively in general aviation
insurance and is licensed in 80
States. Its home office is in
Washington. Cash dividends
totaling 10 cents per share were
paid during 1861, compared
with 5 cents in 1860.
Evening star., 1962-01-25
CHICAGO
LIVESTOCK

CHICAGO. Jan. 25 (AP).-(UsDA)
Hogs $500: active, butchers around
20 lower, sows % to mostly so lower:
good shipping demand: 1-2 l9O-225
10 butchers 17.50-17. So; over 200 head
1-2 200-22O lbs Is. 90; mixed ia i90-
240 lbs 17.00-17.5O; 23O-27O lbs
l6.50-17.00; 2-3 26O-29O lbs lf.l5-
1890; couple loads largely 3s 3IO-32B
lbs 15.00-15.75; mixed 1-3 400-6cJ0
10 sows 13.00-14.50, mostly l4.25
Cattle 1900; calves none: trading
SLOW all classes generally steady on
limited sales;. load average to high
bulk good short fed steers 23.OO-25 90
including 81 head around 1,15O lbs
at "A 80; few loads and lots utility
and standard 19.50-22 so Including a
small lot holsteins 19.50-2O.50; heifers
scarce. mostly steady: few good heifers
~ .5O-23 30; package mixed standa I'd
and good 1900; cows slow, steady:
utility and commercial 13.50-lB. 90:
lS.u0; Gamers and cutters 1900
200; utility and commercial bulls
1S.R0-2O.50; standard vealers 900
25.0O; package choice S69 lb feeder
steers 24.75; few choice 100000 lbs
23.5O-24.25; load good 1000 lbs 90 90.
Evening star., 1962-01-25
GE|C0 Plans
3-for-2 Split
Stock Melon

Directors of Government
Employees Insurance Co. yes
terday approved a proposed in
crease in capital stock to permit
a 3-for-2 stock split by means
of a so per cent stock dividend
The proposed stock increase
to 3.5 million shares from the
present 2.5 million shares must
be approved by stockholders al
the annual meeting on Wednes-
day, March %.
Notice of the annual meeting
proxy statements describing
the proposal and proxy forms
will be forwarded to stockhold-
ers with the annual report
around March /, declared Pres
ident L. A. Davidson in a letter
mailed to stockholders after
the boards action.
1,O46,50O Required
The SO per cent stock divi-
dend consisting of around
1.046,500 additional share S
would be issued to holders of
outstanding stock on a record
date to be fixed by the board.
The distribution would increase
outstanding capital stock of 81
par value from 2,092,941 shares
to around $780, AL.
The repaining shares would
be retained as authorized and
unissued shares and would be
available for payment of stock
dividends.
Mr.. Davidson's letter said di-
rectors have declared their in
tention, if the stock increase
is approved and assuming no
substantial changes in business
conditions, to fix an annual
cash dividend rate of 80 cents
a share.
This would be equal to an
increase of 20 per cent over
the current annual cash divi-
dend rate of 81 a share now
being paid on shares outstand-
ing.
Would Be Increased
Directors modified their for
mer policy of considering stock
dividends annually. They will
consider stock dividends twice
a year in the future, Mr.. ,Dav-
idson reported. They declared
the usual quarterly dividend of
Is cents a share, payable March
81 to holders of record March
10.
Mr.. Davidson reported GEICO
wrote $75,383.00O of premiums
in 1851, a gain of 15.9 per
cent from 1860. Policyholders
increased to 802,876 on Decem-
ber 81, an increase Of 11.6 per
cent from a year earlier.
The years investment in
come before taxes approximat-
ed $2.728,000, a gain of 1877
per cent from 1860. Adverse
loss experience caused profits
to decline and earnings for the
year approximated $5.4 million
after taxes, compared with
$6,416.022 in 1860.
Evening star., 1962-01-25
GIN Indicates
Lower 81 Net;
Sales Down

DETROIT, Jan. Is (AP).-
General Motors Corp. today
reported an indicated net
profit Of 1898 million, or $3.11
a share, for 1861. This COM
pared with 1853 million, OF
$685. a share, in 1860.
The net came on estimated
sales of $11.4 billion. down
from $12.7 billion last year
GM' said today's announce
ment was a preliminary state
.ment with final figures due
late next month.
Earnings for the fourth quar-
ter, when the corporation re-
ported record new-car sales,
were 1856 million against 1858
million in the fourth quarter
of 1860.
General Motors was the first
Of the auto companies which
operate on a calendar year to
report 1861 earnings.
Evening star., 1962-01-25
First and Citizens
Asks New Branch

First and Citizens National
Bank of Alexandria has filed
an application with the Con-
troller of the Currency for ap-
proval of a new branch office
at Shirley highway, Duke and
Van Dorm streets, it was an
nounced today.
Certificates issued recently
for establishment of new
branches include: Citizens Ma
tional of Herndon for Chantilly
(Va.0 branch; First National OF
Arlington for a branch at $50
Army Navy drive; American
National Bank of Silver Spring
for a branch at 1900 Wisconsin
avenue in Bethesda.
Evening star., 1962-01-25
Alexandra Seeking
Better Rutinq

Alexandria is seeking a better
credit rating that could save
the city as much as $50, 900
over the next 20 years.
Acting City Manager Phillip
B. Hall said yesterday the city
is trying to win AA credit
status, which is next to the
best, from New York bond rat
ing services. The city now holds
an upper medium grade A rat
ing.
The higher credit rating
could mean a saving of $50. 900
on the bond issue proposed for
this spring to finance projects
costing about $5 million.
MIR. Hall noted that Alex
andria's level of bonded indebt-
edness is far below the limit.
The city now has about $19.6
million in bonded Indebtedness,
representing 10.4 per cent Of
the city's real estate assessment.
State law permits bonded in
debtedness up to 18 per cent.
Evening star., 1962-01-25

ity & Trust Co., and National
Bank of Washington aggre-
gated $315.690,000 on January
II, compared with $313,874, 900
a week earlier, $311 1867, 900 two
weeks earher and $307 ,007, 900
on December 81.
Most Washington banks
raised their interest rates 10
31a per cent or 4 per cent on
savings held for a year or long
er, effective January /. They
had been paying 8 per cent.
Demand deposits have fol-
lowed a somewhat different
pattern in the same period
The total on January II was
$908, ,141,000 compared with
$899, ,970, 900 a week earlier,
$903, ,081 900 two weeks earlier
and $911,722,000 three weeks
earlier.
Evening star., 1962-01-25
First National
Of Arlington
Adds to Board

Stockholders of First National
Bank of Arlington elected three
new directors at their annual
meeting yesterday.
The new board members in
clude: Ben H. Cooper, president
of Cooper-Trent Lithograph
Corp. of Arlington; Henry A.
Dudley. Washington attorney,
and George r. Taylor, president
Of Heron-Todd Steel Construc-
ton Co.
Directors reelected Thomas
j. Broyhill as board chairman
and Walter J. oDonnell as pres
ident.
Evening star., 1962-01-25
PEOPLE
BUSINESS

Martin o. Shuwall, formerly
associated with George Friends
book shop, has become head OF
an auto rental firm in Phila-
delphia.
Irv Lichtenstein has become
vice president of programming
for Stations WWDC AM and
FIN. He has been with Mutual
Broadcasting.
William Tiger has become
Washington regional sales
manager for Fotochrome, Inc.
distributor for Acme-Lite Man.
ufacturing Co. of Chicago.
Carl A. DOsik has become
associated with Albert H. Cohen
Co.. Inc, in the general insur-
ance business.
John E. Manger has beer
named district manager fol
Allegheny Airlines in the Wash
lngton area. He Joined Ale
gheny in 1852.
Harold H. Brodeur has been
promoted to assistant director
OF the industrial relations de.
partment of the American
Trucking Association. He has
been with ATA five years.
George Wall, jr., has become
chief engineer in the Govern
ment products division of Orbit
Industries, Inc, in Vienna, Va
Leroy Preudhomme, Wash.
ington artist and designer, has
been named art director o1
Darby Printing Co.
A. Lewis Rogers, former
Washington regional director
here for Minneapolis Honeywell
Regulator Co., has been named
sales manager for the COM
pany,s special systems division
at Pottstown, Pa.
Evening star., 1962-01-25
SchiuviHeuds
NovyFederoI
Credit Union

Ferdinand j: Schiavi, head
of the engineering branch of
the Bureau of Naval Weapons,
today was elected president of
the Navy Federal Credit Union,
which ended 1861 with record
assets of $25, ,137, ,009 and 42.909
members.
Mr.. Schiavi predicted that
assets will top $50 million by
the end of the current year and
that his organization will be-
come the largest credit union
in the world It now ranks as
the largest FederalIy chartered
union.
William Wheatley was
elected vice president, Morris
SHREDDER became treasurer, Ar
thur Vogel secretary and James
H. Marx assistant treasurer.
Mr.. Vogel, Albert Ferrar.
and Walter Bauman were
elected directors at the 29th
annual meeting, which was at
tended by more than 1,O0C
members Monday night.
President Schiavi has been a
member of NFCU for 12 years
and has served as a director
treasurer and vice president.
The unions share savings
totaled nearly $21 million at
the end Of 1861, a Jump of 80
per cent from a year earlier
Net loans amounted to $21.6
million, an increase of 20 pei
cent. Regular reserves of $685..
900 were up AZ per cent. Mem
bership increased by $500 per-
sons or "a per cent during the
year.
Both members and assets
have doubled in the last three
years.
Evening star., 1962-01-25
Two Given Promotions
At Suburban Trust

Wesley A. Stewart has been
appointed mortgage loan Of
ficer Of Suburban Trust Co. and
Clarence B. Parker has been
named assistant controller.
Mr.. Stewart joined Suburban
in 1858 after a period with
H. L. Rust Co. of Washington.
He works in the Hyattsville Of
flee and lives in Silver Spring.
Mr.. Parker joined Suburban
Trust in 1855 as department
head Of the 1BM Accounting
Department and was named
manager in January. 1860.
Evening star., 1962-01-25
D. c. Time Deposits
Up Moderately

Time deposits of Washing
tons three largest banks have
been climbing steadily since the
first of the year, data from
the Federal Reserve Bank of
Richmond disclosed today.
Higher interest rates offered
on savings accounts since the
first of the year may have
been a factor in the moderate
upturn, but to what extent is
uncertain.
Time deposits of Riggs Ma
tional Bank, American Secur-
Evening star., 1962-01-25

executives will have headquar-
ters in Washington.
Mr.. Tolleson started with the
Southern in 1919 at Chatta-
nooga, Tenn, and is a native of
Montgomery, Ala. He served
in various capacities for the
railroad in a number of cities
and became assistant vice presi-
dent here in September, 1854.
He was named vice president
operations in November, 1860.
Mr.. Macleod, a native of
Crozet, Va, is graduate of
the University of Tennessee and
Joined the Southern as a stu
dent track apprentice at Hick-
ory, N. c., in 1850. He ad-
vanced through various super
visory positions to become
SUPERINTENDENT at Birmingham,
Ala, in March, 1858.
Evening star., 1962-01-25
Art Chiefs to Hear
Expert From Mucy's

Morris Rosenblum, creative
director-advertising at Macy's
in New York City, will address
the Metropolitan Washington
Art Directors Club at a dinner
meeting at the Lafayette Hotel
tomorrow night.
Mr.. Rosenblum was named
Retail Man of the Year at the
1861 Retail Advertising Con-
ference in Chicago. His topic:
"Is Retail Advertising Differ
ent2"
Evening star., 1962-01-25
METALS

NEW YORK, Jan. 25 (AP).-spot
nonferrous metal prices today: Copper
2! cents q pound, Connecticut Valley.
IL cents Q pound, East st. Louis. Tin
silver 1.03A per troy ounce, New York.
Pittsburgh scrap steel No. l heavy
was quoted by Iron Age at 3S. 90 SO 90.
1.2Oss q pound, New York. Foreign
Evening star., 1962-01-25
Tolleson and Macleod
Promoted to High Posts
By Southern RoiIwoy
BY DONALD b. HADLEY
Star Financial Editor

M Tolleson has elected executive president Of
the Southern Railway System and Donald Macleod has been
promoted announced today
Toeson vice president operations and
W. whose election president of the Southern
announced earlier this week.
Both promotions will become effective February Both
Evening star., 1962-01-25

ington Claim Mems Associa-
tion.
Other new officers: Reuben
P. Greene, Reliance Insurance,
vice president; Rodman L. Nc
Coy, Selected Risks Insurance,
secretary; John Coffey, Gov
ernment Employees Insurance
Co., treasurer.
Evening star., 1962-01-25
Suburban Federal
Will Pay Extra

Suburban Federal Savings
and Loan Association of Lam
ham, Md, will pay an extra
dividend of, "a of one per cent
in addition to the regular an
nual rate of 4 per cent per
annum, President Sherman H.
Hollingsworth announced at
the recent annual meeting.
Thomas w. Leon, managing
officer Of the association, was
elected treasurer.
Evening star., 1962-01-25
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, january rs:
Evening star., 1962-01-25
FOREIGN
EXCHANGE

NEW YORK, Jan. 25 (AP),-Rcreipr
exchange rates (Great Britain and Aus
tralia In dollars, others in cents and
decimals of O cent?:
Evening star., 1962-01-25
TREASURY BONDS

NEW YORK (AP) Noon over the coun.
Yer U. s.. Government Treasury bonds,
Evening star., 1962-01-25
MUTUAL FUNDS

NEW YORK (AP)
: National Associa-
ton Securities Deal
Evening star., 1962-01-25
Covington Heads
D. c. Claim Men

o. M. Covington Of Nation
wide Insurance Co. has been
elected president of the WASH
Evening star., 1962-01-25

Bid Ask
Var Pay III 7.76
Canad 6.l9 $50
Inv Resch 1912 1857
Istel Fd 34.A 35.l3
Evening star., 1962-01-25

Partially tax exempt.
Evening star., 1962-01-14
Writer Reported
In Line to Fill
Dominican Post
BY the Associated Press

John Bartlow Martin, a
freelance writer of Highland
Park, H., is reported under
consideration for appointment
as United States ambassador
to the Dominican Republic.
The United States broke rela-
tions with the Dominican Re-
public after hemisphere ma
tionS in August 1860 called for
economic and diplomatic sane
tions against the dictatorship
Of the late Generalissimo Ra-
fael Trujillo.
Diplomatic relations were re-
established and economic sane
tions were lifted by the United
States January 6 after the Or
,ganiZation Of American States
held the Dominican Republic
no longer a threat to peace in
the hemisphere.
Trujillo was aSsassinated last
May and the Dominican Re-
public has been moving towarc
a democracy since.
Mr.. Martin visited the Domin.
lean Republic several month.
ago, as a writer. Diplomatic
circles said his appointment
J., may come this week.
John c. Hill, jr., a career
diplomat who had been consu,
general in Santo Domingo dur
ing the troubled period follow
ing Trujillo's assassination, is
now in charge of the United
States Embassy there.
Evening star., 1962-01-14
Passengers Unhurt
In U. N. Plane Crash

ELISABETHVILLE, Katanga,
Jan. 13 (AP).-United Nations
command headquarters here
reported today a U. N. GAG
crashed As miles from the
Western Katanga airbase of
kamina. A spokesman said
the crew and II passengers,
including 10 Indian troops,
escaped unhurt and returned to
Kamina by helicopter.
Evening star., 1962-01-14

said Mr.. Knebel. Otherwise,
they are looking for more
highly trained personnel in the
technical fields and the top 10
per cent. And the amount of
advanced-degree recruiting now
is equal to the undergraduate
recruiting when I came in
1949."
Mrs. Estill Guinane, George
town University's placement Of
ficer, said companies surveying
liberal arts students are not
solely concerned with academic
standing. A boy who has had
to work part time and has not
had time to be a big man on
campus may command greater
interest, depending upon what
he has done while in college,
than his stra;ght-A colleague
with a less well-rounded edu-
cation.
A newly graduated engineer
can look for starting salary Of
fers from $500 to 5000 a month.
Liberal arts majors prospects
run in the $375-to-$450 cate
gories.
Salary is not the only factor
interesting to the students,
however. Job location is an
other, and training programs
an chances to work up in
a company or Government
agency are others.
More Negroes Recruited
Howard University's place
ment director, Mrs. Marian v.
Coombs, said recruitment in
terest has doubled this year,
with a marked interest in mi
nority group members" as one
factor.
"I feel our upswing is espe-
cially attributable to the dearth
of people in the fields Of en-
gineering, science, math and
business; to the government
contract clauses having to do
with fair employment prac-
ticeS and to President Ken
nedy's stand on fair employ
ment," she said.
Whether or not comparable
volume of job offers will result
remains to be seen, she added.
Minority group status is also
a factor in the students con-
siderations, according to Mrs.
Coombs. Many do not wish to
go South to work, she said.
Frequently, some of them
WI settle for naturalization
of their skills to seek employ
ment elsewhere.
Ihe security factor interests
students, also, in contrast to
the feeling some years ago.
Some companies are con-
cerned about draft status, 9TH
erS are not. In cases where
companies have their own
training programs, especially
if the student has an interim
Of several months or a year
before he must go into service,
the firms frequently are con-
tent to accept him, start him
on job training, and reserve a
place for him while he is away.
Evening star., 1962-01-14

talent scouting by business. in
dustry md government getting
into high gear.
Personnel officers and Of
ficials of business and govern
ment may be spotted in inter-
view rooms all over ne area,
sizing up one prospect after
another.
Career-minded undergradu-
ate students frequently go from
interview to interview, shopping
for the best job offer.
In universities with engineer
ing schools and other high
technical training. placement
officers generally have noted
, ome degree of increased scout
ing activity this year. Keen
competition among potential
employers reflects stepped-up
business activity. particularly
in fields stimulated by the gov
ernment defense setup, they
say.
INTERVENE Set For 1868
At the University of Ms "
land. the placement director
Lewis Knebel, said cancella-
tions Of recruiting appoint
ments are fewer than usual
this year. Typically, he ex-
planned, companies set up in
terview dates a year in ad-
vance in accordance with prob
able needs. Already he has
about 25 request in for 1868.
This year will probably be
better than the past two," he
judged, "but not anywhere
near as competitive as 1857
While the interest continues
to concentrate on engineering
math, physics and other tech
nical fields. some placement
officers have noted a growing
interest in liberal arts students
Others have doubts about this
II think there has come q
realization on the part of in.
dustry that the liberal arts
student is usable," said Mrs
Gertrude McSurely, placement
officer of George Washington
University.
Liberal Arts Students
With advances in computel
Science, she observed, more lib.
eral arts students can be uSec
whether or not they nave de.
greeS in math and computa.
tion. In addition, she suggested
management-trainee programs
of big business are offering op.
portunities for nontechnica,
people.
"If a man is outstanding, II
doesn't matter what he took
Evening star., 1962-01-14
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Evening star., 1962-01-14
- Recruiting Booms
In D. c. Area Colleges
BY HARRIET GRIFFITHS
Star staff Writer

sprucedup senior stopped in doorway of the college
placement office.
.;an you tell me where NASA is?"
Lets see have Burroughs next door, and General
Motors in the back :"
It is typical scene on area campuses now with annual
Evening star., 1962-01-21

roads opened promptly for Garrett
dang county, the milk routes must remain open Farmers
paths through the drifts feed stock and the early spring
while still blankets the of huge sugar naples
many will old seds to gather the maple sap and
will from houses where the boiled into
and Garrett County is of the important maple
centers in the east
Virgil of 3OOOacre cattle farm near Oak
little attention to the blows of mountain
winters.
Sometimes says buldozers must be used to push back
heavy drifts that cattle be fed Cattle on the Jones farm
the snowad hills during the winters and are brought IN
to be fed in protective barns
Yes mountain people have conquered winter You've
weather. they You've got to learn
to roll with winters punches.
Evening star., 1962-01-21

+
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-26

Fight
Fires

KANARRAVILLE, Utah,
(AP).-When the fire whistle
blows in this country town
OF 245 people. it's the women
who answer the call.
The full complement of the
volunteer fire department is
ordinarily 20 women.
However, four of our VOL
unteerS are taking time out
to have babies" says Mrs.
Chester Williams, the ener-
getic leader.
The all-women fire brigade
was organized a year ago, she
explains, because too many
men were occupied with
chores on farms and ranches.
and were out of town when
the fires occurred.
The town already had a
fire engine at its disposal, but
it had sat idle through too
many fires for lack of an Or
ganized department.
When a weed fire threat
ened two homes the ladies
banded together and asked a
mechanic to train them in
the use of fire fighting
equipment.
Before then we fought
fires with buckets, using
water from irrigation
ditches." says Mrs. Williams.
Now they swarm over the
engine like so many bees, I'M
raveling hoses and turning
valves with almost military
precision.
All are mothers and eight
are grandm o t h ers. Mrs.
Henry B. Isom, 26, who
weighs only IS pounds, is
probably the smallest fire
fighter. pound for pound. to
be found anywhere.
cts not so much that I
like chasing fires" she ex-
plains. ITS the feeling Of be-
ing useful and not just having
to stand and watch some
thing burn"