davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
BALTIMORE
LIVESTOCK

BALTIMORE, Aug. (AP). USDA)
cettie: Receipts 400 compared with l47S
IAst week and 1857 last year. Supply
4hout Is per cent slaughter steers and
7fading active during the week except
ofws and bulls closed slow. Compared
With last Thursday slaughter steers,
heifers and cows mostly $3.50 cents
Hkher with the full advance on steers;
bills steady; feeders scarce and strong.
Slaughter steers and heifers: Package
Hsme l77o ID steers $500. package high
N7S-u.5o. good to low choice 2s.oo-26. 50
Including lot mixed good and low choice
ri lbs 1900, load Nhigh standard to
Ihhinly good 1910 lbs 24.50. Small lot
pa3me 9s4 ID heifers 26.2S, low and z
lots average and high choice 750-e35 lbs
175.26.oo. few lots good to low choice
$4,000 lbs A.s0-2S2S and 2 lots standard
Cows and bulls: Utility and few com.
mercial cows l4.7S-H. 50, bulk l6.0o and
down, Gamer and cutter l2.o0-15.oo, light
cahner ll.00-l2.00. Utility and commercial
bills le.oo-2o.50, few head high yielding
Utility holsteins 200o-22oo lbs 2l.0o-22. 90,
Gamer and cutter lk.0o.1e.00.
Feeder steers: Load choice 900 lbs
Veal and calf auction: Compared to
last Thursday good and choice veal fully
steady to Loo higher. Gull to standard
steady to 100 lower; slaughter calves
shady; few choice l7o-255 10 veal 800
3eDo. individual prime $500, good 10000
~ s26. 00-33.00, standard 23.00-26.00, few Gull
and utility sol5o ID le.0o-23.0o, few good
2sG56o ID SLAUGHTER calves 22.5o-2s.oo.
Hogs: Receipts 325o compared to 1855
last week and 1895 last year. Compared
to last Thursday trading active, lso-22o
Id barrows and gifts rs cents higher,
barrDws and gifts weighing over 30 lbs
and Nsows $3.50 cents higher. US No. l-3
l85s20 Id barrows and gifts l9.75-20.25
during the week, closed at 20.oo-2o.2s with
Not 2 grades at 2o:2s and ! lot No.
III during the week. Mixed no. -
2eos$o ID sows l3.oo-ls.oo early and 1850
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
Profits Climb
AT State Loan

Net income Of State Loan and
Finance Corp. amounted to So
373,837 after provision for taxes
in the first six months Of this
year, a gain Of ga per cent from
$3,202,227 in the same 1861
period, President Davis Weir
reported yesterday.
After preferred dividends, the
net was equal, to 80 cents a
share on Class A and Class B
common shares. compared with
761a cents a share on fewer
shares a year ago.
Installment loans made and
guaranteed in the six months
aggregated $179,693,774, a Jump
of 27.9 per cent from a year
ago. The volume came from
378,076 customers.
All types Of consumer re-
ceiVable and commercial fl
nancing outstanding and guar
anteed on June 80 totale d
$215,328,16S, an increase of II
per cent from a year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
Board Is Elected
For HiIIondoIe Bank

Stockholders Of the new
First National Bank Of lillian
dale. in nearby Maryland, have
elected five directors and the
institution Is expected to open
In the Hillandale Shopping
Center at Powder Mill road and
New Hampshire avenue around
October !.
Elected directors were: VIII
liam j. Millar. jr., John Beall
John J. Del vecchio, jr., John
II. Jones and Howard w. Mizell
MIR. Millar, an Adelphi CMd.)
attorney, who presided at the
stockholders meeting, said all
Of the initial capital had been
raised by sale Of $4,000 shares
OF $40 par stock at $25 q share.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
Riddle AirIines Adds
D. c. Men to Board

Three well known Washington
men have been elected directors
Of Riddle Airlines, Inc, it was
announced by the firms two
principal stockholders, Robert
M. Hewitt. president and direc-
tor. and William r. Price, a
director.
j. H. Carmichael, former
president Of Capital Airlines
and later president Of Fair
child Engine & Airplane Corp,
James B. Franklin, former vice
president Of Capital Airlines,
and A. j. Rome, vice president
Of Riddle Airlines In Washing
ton, were elected to the board.
Mr.. Price was elected chair
man Of the new board, which
also includes Mr.. Hewitt, Mr..
Price and William K, deVeer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05

Mechanics Savings Bank, later
renamed the City Bank.
A native Of Washington, Mr..
Burton was graduated from
Central High School and
Georgetown University Law
School.
Before becoming a broker
with the New York Stock Ex-
change firm Of F. B. Keech &
Co., here in 1920, he spent 10
years in Nevada as office man.
ager for the George Wingfield
interests engaged in banking,
mining. ranching, hotels and
other activities.
Jones, Kreeger & Co. was
founded in 1880 and in addi-
ton to its main office at 1925
Y Street, NV, has offices in
Bethesda and Alexandria. It
has memberships in the New
York Stock Exchange, the
A m erican Stock Exchange,
Philadelphia Baltimore Stock
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05

ington for Is years before be-
coming a vice president of
American Security & Trust
Co., which acquired the City
Bank in May, 1859. His retire
ment became effective July 81.
He has served as chairman
of the taxation committee Of
the District Bankers Associa-
ton for nearly 20 years and
was instrumental in gaining
important changes In the bank
ing laws of the District.
The association has honored
him for outstanding leadership
on tax problems. Among the
b a mixers he also has been
known as an authority on COM
mercial b a nix investments in
Federal securities.
Not many people know that
Mr.. Burton's new connection
marks his return to the securi-
ties business which he left in
1880 to become a vice presi-
dent Of the old Washington
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05

period, q gain OF $4.3 million.
Net income for the period
declined to $310,348 from $685.
259 a year earlier. The net was
equal to 81 cents a share on
577,709 shares outstanding,
compared with $1.05 a share q
year ago.
= Earnings for IL month
ended June 30, however, were
equal to $2.93 a share, COM
pared with $2.91 in the preced-
ing IL months. The interim re-
port Is subject to audit and
year-end adjustments.
Nine new stores were opened
and three stores were remod-
eled and enlarged In the six
months. At the end of the Pc
Rod the company operated 81
new stores that were not open
q year earlier.
Volume developed in these
new outlets was not sufficient
TO absorb the operating costs Of
these stores during the period"
Mr.. Burrus said.
Peoples Drug plans to open
Is additional stores in the last
half Of 1862 and also will en-
large seven existing units, Mr..
Burrus declared. In the last
half Of 1861 the firm opened
a. new stores.
The company had earned
surplus Of $14.6S3,05 on June
30. compared with $16,560,4l6
on the same 1851 date after
cash dividends and distribu-
ton Of q 5 per cent stock div
idend.
The company's balance sheet
for June 80 listed current as
sets Of $19,633.3s4 and current
liabilities Of $8.679,872, or a
ratio Of 1925 to 81. A year
earlier, the totals were $l8,-
96S,272 and $6.041,43s, or a
ratio Of $S.l4 to 81.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
IGWll to Help Finance
Defense EIectronics

Greater Washington Indus
trial Investments, Inc. will join
with Continental Capital Corp.
Of San Francisco to invest
$7o0, 900 IN Defense Electronics,
Inc, Of Rockville, Md, it was
announced yesterday by Presi-
dent Arch C. Scurlock Of GWII
and President Frank G. Cham
bers Of Continental Capital.
The two small business in
veStment companies have pur-
chased $25o,0o0 Of DEI's stock
and notes and are committed
to purchase $350,o00 more. The
SBIC investment will almost
triple the young Rockville
firms long-term capital.
The firm specializes in manu-
facture Of telemetry and inter-
cept equipment and systems for
major space and missile pro-
grams and currently is operated
at a So million annual rate.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05

to thousands of members in
four counties, Charles, st.
Marys, Calvert and Prince
Georges.
President william H. Mat
tingly. ST., Of Abel, said d.
rectors authorized the distri-
button after members approved
an amendment to the bylaws
enabling the board at its dis
erection to reduce the ratio of
retained capital to total assets
to 20 per cent from 40 per cent
in the 25th anniversary year
of the organization.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
BUSINESS
BRIEFS
Bituminous Production

Bituminous Production in
the week ended July % totaled
8.l45, 900 tons compared with
1850, 900 in the previous week
and $4,000 in the like week
a year ago.-National Coal
Association.
Bank Clearings in 20 leading
cities in the week ended August
/ totaled S29, 273, 787, 900 COM
pared with S28,989, 1896. 900 in
the previous week and was 1872
per cent above the like week
a year ago.-Dun & Brad.
street.
Rail Freight LOadings in the
week ended July % totaled
567.131 cars, up l.6 per cent
from the previous week, but
down Al per cent from the
like week a year ago.-AsSocia-
ton Of American Railroads.
Motor Vehicle Output last
week totaled 112,034 cars and
24.880 trucks compared with
136,172 and 25,01l in the previ-
Gus week and 80, 464 and 1905
in the like week a year ago.
Wards Automotive Reports.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
Financial PLANNING
Firm Is Organized

First Columbia Securities
Corp, has been organized with
offices at 1923 Connecticut
avenue, NV. and will spe-
cialize in financial planning,
real estate situations. syndica-
tons and underwriting, 1t was
announced by Robert Alker,
president.
Roger Davis. who also is vice
president and controller of
Servonics. is vice president and
q director Of the new firm. Jo-
seph D. Coker, economist, is
board chairman.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
Louis Berlin Joins
Francis ]. dupont

Louis Berlin Of Baltimore has
become associated with the
Washington office Of Francis /.
dupont 81 Co. as a registered
representative. 1t was an
nounced by George Fellows,
manager.
Mr.. Berlin has had extensive
experience In the investment
business. real estate and the
Government.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05

Exchange and the Midwest
Stock Exchange.
Robert c. Jones. ST., is SEN
ior partner of the firm and
other general partners include:
Joseph P. Kreeger. Robert c.
Jones. Jr.. Kenneth Watson,
Marvin Gordon. Robert Han
son. who is in charge of the
Bethesda office, John M. Buck
ley. Kenneth P. Jones and Paul
Yates. Carroll Morgan is a
limited partner of the securi-
ties firm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
Universal Marion
sEurninqs Improve

Net income Of Universal
Marion Corp. formerly the
Capital Transit Co. amounted
tos $1.813.910 before taxes in
The first six months Of this
year. compared with $4,000
R-year ago. President James
Mnllaney reported yesterday.
After provision Of 1921 ,662
for income taxes on 1862 earn
tngs. compared with provision
Of $24.231 a year ago, net in
come for the six months was
e892.248 or 81 cents a share.
compared with $Ss7.773 or 36h
cents q share in the same 1861
period.
Sales for the six months rose
70 26.876,965 from $23.7l5,664
A year earlier.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
CHICAGO GRAIN

CHICAGO, Aug. 4 tAP). Influences in
the grain futures market were nearly
all beariSh this week and prices main
tanned an almost steady downward trend
on the Board Of Trade.
Net changes were small, though, ex.
cept in rye and old crop soybeans where
sethacks were broad. Losses ran to al.
most four cents in the usually rapidly
shifting rye deliveries and TO about six
cents in August soybeans where specu.
lative trade has been active lately. Else.
where declines were limited largely "a
major fractions Of a cent.
The only genuinely bullish influence
Of the week was in the form Of wheat
export business on Friday.
At the end Of the week, wheat was
unchanged to "a cent a bushel lower
than a week ago, September S2.l2Ai
corn 9s-l96 lower, September 81 .0S9L-ls
oats ls-lJs lower, September 62lS.h; rye
3b-31s lower, September Sl.lSyS-aS; soy
beans M-S9z lower, August $2.42-42M.
Range Of prices for the week:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
COTTON

NV YORK. Aug. 4 tAP).-Cotton flu.
ture& prices drifted downward last week,
decltning cents to sl.35 bale.
me trend was caused by profit taking
after a run-up In prices at the end Of
the preceding week, and reports indicat-
ingS the 1862 crop may be larger than
expected.
Alhough the first official forecast Of the
cruH won't come until next week, a lead.
ing spot cotton house issued an estimate
OF l1SSo,ooo bales: The 1851 crop
The New Iferk Cotton Exchange Service
Bureau estimated exports for the week
ended Tuesday at $4,000 bales, COM
pared with 1900 q week earlier and
5000 in the comparable 1861 week. For
put at 4.s46,0oo bales against 1887 900 in
the 4.preceding season. However, the
bureau said Il might have to revise the
figure upward.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
Earnings

Air Prods. g. Chems., Inc. in
8 months ended June 30 earned
81. 489 900 or $2.27 a share VS.
$3,036.000 or $l.65 in 1861
period.
Studebaker Corp. in 6 months
ended June 80 earned sits. 43o
or 6 cents a share VS.. a loss
Of $8.840,172 in 1861 period.
Other earnings included:
For s Months Ended June %
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
Electric COOPERATIVE
To Distribute Refunds

The Southern Maryland
Electric Cooperative, Inc. at
Hughesville. Md, announced 1t
will distribute $732.778 Of CAPT.
tai credits. or membership re-
funds based on patronage, in
the near future.
The refunds will be credited
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
Burton Leaves ASST
To Join Jones, Kreeqer

Clarence F. Burton, prominent Washington banker
the last 80 has retired vice president Of
can Security Trust Co. to become limited partner OF
Jones' Kreeger Co, members the New York Stock Ex-
change, it announced yesterday
Mr. Burton president the City Bank of Wash
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
Peoples Drug Earnings
Cut Sharply by Rise
lin Expansion Costs
BY DONALD B. HADLEY
= star Financial Editor

Expansion costs Of Peoples Drug Stores Inc. offset
further gain in sales in the first half of this year.
profits decreased sharply yesterday by
George B. Bwrus president and board chairman an in
term report to stockholders.
Sales s5O5S2lss from s4625S3O6 the 1861
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
COMMODITIES

NEW YORK, Aug. 4 (AP).-The As
made its second rise in two weeks.
reaching 1900 today.
All categories except textiles, grains
and cotton and nonferrous metals were
up for the week. Nonferrous metals hit
a 1862 low,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
BANK STOCKS

=, NEW YORK (AP). National Associa.
ton OF Securities Dealers, Inc. Closing
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
MUTUAL FUNDS

NEW YORK CAP)
= National Associa-
ton Securities Deal
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-05
DIVIDENDS

By the Associated Press
The Sidney herald., 1962-11-14
Mrs. Joseph Donlin
Killed in Car Accident

Word was received via tele-
phone this morning by Mr.. and
Mrs. E. E. KrebSbach from their
daughter, Mrs. Robert Kathleen)
Donlin in st. Paul, Mimi. that
Nh. Donlin's parents, Mr.. and
Mrs. Joseph Donlin, had been IN
a car accident Tuesday evening
in which Mrs. Donlin was killed
and MIR. Donlin was seriously in
jured.
The Donlin's had stopped at a
crossing signal for the fast train,
the Hiawatha, TO pass, but their
car kept creeping toward the
train and crashed into it.
Mr.. Donlin is under care at An
ker Hospital for a broken pelvis.
facial decorations and other cuts
and bruises.
The Donlin's spent a week in
Sidney last summer as guests AT
the KrebSbach home and during
their visit here made many ac-
quaintances.
The Sidney herald., 1962-11-14
Final Rites Nov. Is
For Patrick Kelly

Patrlck Kelly, n, died Novem-
10 at the Community Memorial
Hospital.
Requiem Mass will be Thurs
day, Nov. Is, 8 am. at St. Matt
news Catholic Church i'm Sidney.
Rosary will be Wednesday eve
ming at z pm. in the Cloyd-Gor
der Mortuary Chapel. Interment
will be i'm the Sidney cemetery.
The Sidney herald., 1962-11-14

Continued from page u
invitation for the group TO sing
at the Brussels World Fair and
other concerts followed.
Since then, the Gregg Smith
Singers have appeared three
times in the Los Angeles Music
Festival, with Igor Stravinsky
conducting, at the Ojai Music
Festival, Chicago's Grant Park
Series, and they have made an
nual tours of Southern California
and the US.
And this years tour marks the
third time they have been invited
back to appear in Europe'S fam
Gus music festivals, including
those at Edinburgh, Salzburg,
DarmStadt'S Contemporary Music
Festival, Krefeld and Berlin.
Almost two-thirds of the orig
inal Gregg Smith Singers are still
with the choral group. Their age
averages between % and 26,
which makes them a pleasure to
look at as well as hear"
Every one of the singers is z
graduate of music from univer.
stiles or colleges in Southern Cal
ifornia, and a professional muSi.
clam, with many of the group:
singers doubling as instrumental
lists.
The Board of Directors of The
Sidney Concert Assn. are prouc
to present this outstanding grouJ
to its members. Concert time i
BIS pm. at the Centre Theatr,
in Sidney. Admittance is by sea
] son membership only.
The Sidney herald., 1962-11-14
Mrs. Harry Kreis, Sr.
To COnyalesce aft Home

Mrs Harry Kreis, Sr, who en-
tered Eitel Hospital i'm Minneapo-
lis October "a for major surgery
will be able to return to her home
this Saturday.
MI and Mrs Kreis, long time
Sidney residents and who very re-
Gently moved to Minneapolis, are
living at 4 Turnpike Road, Mpls.,
is. Mimi
The Sidney herald., 1962-11-14
Notice of WCTU
Meeting Announced

The November meeting of the
WCTU will be held at the home
of Mrs. A. A. Spaur next Friday
afternoon, November 16. AL men,
bers r urged to attend and
and bring someone with them if
they can. Visitors are welcome.
The Sidney herald., 1962-11-14
Bronson Busy Bees
To Meet November 16

The second meeting of the
Bronson Busy Bees All Club will
be held at the home of the Joe
Gartner with Cecil Gartner pre-
siding. The meeting will be Fri
day, November is at 7:30 pm. A
well planned program is schedul-
oil
Evening star., 1962-05-24
Votes VS.. Mandate

A pair of Connecticut Yankees.
Democratic variety and of proved polit-
ical skills, appear in line for a head-on
collision in the Nutmeg States Demo-
cratic convention to nominate a candi-
date for the United States Senate. One
is HEW Secretary Ribicoff and the other
is Representative at large KowalSki.
The odds favor Mr.. Ribicoff, and his
chances were not harmed by splitting
two local primaries in Waterbury and
New Britain. The Secretary won 20 con-
vention votes in Waterbury while Mr..
KowalSki picked up % in New Britain
As the Short-ender, Mr.. KowalSki needs
l91 convention delegates to qualify for
Statewide primary, and the head
counters in Connecticut credit him with
no more than 160. Unless Mr.. Kowalski
can pick up the extra number by con-
vention time in mid-July, Mr.. Ribicoff
will take the nomination without need
of further primary battling. Mr.. Ko-
walSki says he has "a mandate" to carry
on the fight. Mr.. Ribicoff may have
something more important, namely, the
votes.
Evening star., 1962-05-24
Neurotic Stock Market

One Of the funny things about the
stock market-if there is anything at
all funny about it at this points that
people most often refer to it as If it were
an animate object, fully possessed Of
human capacities to be gay or depressed,
healthy or ailing. On this basis, its we'll
being, or lack Of 1t, is subject to con-
slant clinical discussion, and its be-
havior to persistent pSychiatric analysis.
There are, however, certain valid
grounds for this approach to the market,
because it does reflect mass of human
judgments and emotions and at times
a crowd psychology marked by extremes
of optimism or of pesSimiSm
For most of 1862 the mood has been
nervous at best, and since mid-March
it has been sinking deeper and almost
steadily into gloom. Specifically, at
least, it is easier to explain this mood
than to prescribe any cure for it.
Earliest miSgivings probably crept
into investor psychology with signs that
the business recovery which began in
the first half Of 1851 was not quite keep
ing pace with forecasts in early 1862.
squeezed between cost and price levels
was increased when President Kennedy
blocked the proposed steel price rise,
and there was even deeper apprehension
that this incident reflected an anti
business attitude of Government. In
this connection, there is still some un-
easinesS about the Securities and Ex-
change investigation of security markets
even though there has been no unfair
ness displayed. Furthermore, as the
President pointed out at his latest news
conference, average stock prices some
months ago had reached an unusually
high level in relation to per-Share earn
ingS And dividend returns on stocks in
the Dow-Jones list only few days ago
were averaging 3.6 per cent, as compared
with per cent interest on high-grade
corporate bonds making the latter
more attractive to many big investors.
Along with its other habits, the
market often Is as contrary as most
humans. Mr.. Kennedy still believes the
economy is moving forward and will
post good record for the year. If there
is solid evidence of thiS-good earnings,
good dividends and good promise-as the
year goes on, the institutions and in
dividualS who have money to invest no
doubt will return to buying instead of
selling. This, of course, will prompt a
new round Of clinical discussion about
the markets health and analysis of why
it behaves the way it does.
Evening star., 1962-05-24
John Birch 'Briqode'

1t looks as though Ameri-
can troops will soon be en-
gagged in a shooting war with
the Communists in Laos. ]
feel that their efforts could
be appropriately augmented
by a John Birch Brigade"
There is ample precedent for
such action. We all remember
the Abraham Lincoln Brigade
which fought in Spain in the
'30s on the other side. Hem
ingway's Robert Jordan in
For Whom the Bell Tolls"
has taught us a bit about the
fine motivation and effec-
tiveness of such outfits. Why
fight a war or police action
in Laos with drafteeS when
there are so many, more
soundly motivated. volunteers
available?
This is not a facetious sug-
gestion. I firmly believe that
America, the John Birch So
ciety Whose policies I do
not espouse), and Laos would
benefit greatly from the for
nation of a John Birch
Brigade to assist the Laotians
in their fight for freedom.
j. V. Bailey.