davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-12-27
CHICAGO
LIVESTOCK

CHICAGO. Dec. "a (AP) CUsDAl.-
Hogs 10000; slow. butchers weighing
under. 240 lbs 80 TO as lower, over
24O lbs 25 to mostly so lower: soWs
mostly 25 lower; shippers took around
90 per cent Of. salable supply; l-2
laO-220 ID butchers l7.OO-l7. so:
l90--220 ID l6.5O-17 .25; 22O-24O lbs
l6.0Q-l6.75; 20 240-260 lbs 1880
1925; 26O-29O lbs l5.OO-l5.75: mixed
iOO-50O lbs le75-i3.75: go 5O0-65O
lbs l2.25-i3.0O.
Cattle 800; calves none; supply
mostly small lots steers and heifeTs
with only few loads on offer and
balance OF run largely cows; slaughter
steers and heifers about steady, but
not enough on offer for an ADEQUATE
test Of trends cows strong to 25
higher. advance on canners and
cutters: bulls fully steady; few loads
and lots choice 950-l 200 ID SLAUGHTER
steers 27.50-20 90: good 25.O0-2B 80;
load standard Holsteins around 1 800
lbs 22.5O; few loads and lots good
and low choice S5O-l 900 ID SLAUGHTER
heifers 24.50-27 so; utility and COM
mercial cows i4.00-iB.00: few 1925.
Gamers and cutters il.0o-l4.2bi few
hish yielding cutters 1880: Shelly
canners q 50-iO so. utility and COM
mercial bulls is.6O-2l.00.
Evening star., 1962-12-27
Mutual Funds
Report Record
For November

NEW YORK, Dec. 27 (AP).-
In terms of industry wide
growth, November was the best
month in history for mutual
funds.
Their value expanded $1.9
billion to top the $21.l billion
level for the first time since
April 30.
The rise was directly related
to the squirt in stock market
prices, which made November
about the best month on rec
ord for the entire market. The
Dow Jones Industrial Average
shot ahead about IL per cent
and other averages made sim
liar gains.
The $l.9 billion gain for the
ITO fund members of the in
Evening star., 1962-12-27

vestment company institute
was about 10 per cent.
Total assets of the Nations
funds reached an all-time peak
of just over $23 billion on
June 30. Since then the trend
March 81. They fell to $18.4
billion on June 30. Since then
the trend has been upward ex-
cept for September.
The November 80 total Of
$20.1 billion compared with the
year-end estimate of $40 billion
made a month ago by the insti-
tute. d.
Before last month the best
monthly gain in total net as
sets was $l.2 billion in Novem-
Der, 1861.
The big jump in assets last
month was accompanied by an
improvement in share sales.
The total of $l62,879, 900 was
the highest since July but still
far behind the 1921, ,561 900 fig
ure for November, 1861. Octo-
Der sales totaled $685. ,689, 900.
Share cash-ins trailed off q
bit to $89, ,225, 900 from $91,717,-
900 in October and remained
below the year earlier level.
Evening star., 1962-12-27
Stock Prices
Gain Slightly;
Trading Heavy

NEW YORK, Dec. 81 (AP.-
stock market prices advanced
with increasing difficulty early
this afternoon as cross currents
lumbled the list. Trading was
heavy.
Tax-loss selling mingled with
1Hh-hour profit-taking, as
mirrored by the large number
OF sales for cash or next day.
delivery. Investment funds
brought and sold sizable blocks
Of stock as they shaped their
portfolios for annual reports.
The general feeling seemed to
be one Of cautious optimism
for '63.
The trend was slightly higher
among chemicals, motors, rub
bers, rails, electronics, tobaccos
and electrical equipments.
SteelS, airlines, drugs and build
ing materials tended to ease.
Nonferrous metals and oils
were irregular.
Twin Industries gained
sharply on news that Isbrandt-
sen Co. has offered to buy Is
per cent Of the company's stock
for $ll a share. Flooded with
buyers at the start, Twin In
dustries jumped 17s to 10 on
an opening block Of 10000
shares, then trimmed its price
slightly as profits were taken.
Prices were mixed in mod
crate trading on the American
Stock Exchange.
Corporate and Government
bonds were irregular.
Evening star., 1962-12-27
DIVIDENDS
BY the Associated Press
NEW YORK
BONDS
Sales High Low 400 Chg
NEW YORK CITY

Furnished by the Associated Press
4. List Includes Most Active Issues
Evening star., 1962-12-27
CHICAGO GRAIN

CHICAGO. Dec, 27 (APl.-Grain
futures prices worked toward firmness
today as export buyers covered sales
and potential overseas business on the
Board OF Trade
Nearly all contracts had posted al
least small gains at midday although
transactions continued light and near
their lowest levels OF the year
A report that West Germany will
be In the market next week for large
Quantities Of wheat and rye followed
word that Israel already had bouaht
l.5 million bushels OF wheat and was
NEGOTIATING for an additional large
amount.
Japan and France bought moderate
am0untA OF Aoybeang.
shortly before noon. wheat was un-
changed 70 cent a beshsl hlgher,
March 81 lQk corn. h-H higher,
March l.lghi oats y hiEher p :,
hieher, March 81 32As. soybeGns A. "
hieher, January s2.48.
Evening star., 1962-12-27
COTTON

NEW YORK. Dec. 81 fAP) "A shArp
upturn IN new crop trading months
featured forenoon deallngs In cotton
some stop-loss buyinE orders and
ofteflngs were scarce. The lack OF
Offerings ~ part was attributed 20
the approaching action on new cotton
Hesitation, aimed al iowerins prices
TO domestic mills
Nearby July eased on light llauida.
ton but other current crop months
held steady.
Noon prices we're 10 cents q bale
Lover Lover 70 81 10 hlshser Than the pre-.
and July. 33.S7.
Evening star., 1962-12-27
SALES

Odlcs HsuIes are UNOFFICIAL.
Rates Of dividends in the foregoing
table are annual disbursements based Of
the last quarterly or semi-annual declara
ton. Unless otherwise noted. special o.
extra dividends are not included
a Also extra or extras. b Annual rat
plus stock dividend. Declared or paiC
in 1851 plus stock dividend. Declared
or paid so far this year. f. Payable il
stock during 1861, estimated cash valut
on ex-dividend or redistribution date
& Paid last year. b Declared or paiC
after stock dividend or split up. k-De
elared or paid this year, an accumulativt
issue with dividends In arrears. p-PaiC
this year, dividend omitted, deferred Of
no action taken at last dividend meeting
r Declared or paid in 1867 plus stock
dividend. L Payable In stock during 1862
estimated cash value on exdividend OF
redistribution date. y-Liquidating divi
dend
4 Sales in full.
cid Called. xd Ex dividend. KIDS Es
distribution. xr Ex rights. XIV Without
warrants WV . With warrants. wd Wher
distributed wi When issued. nd . Next
day delivery. VT Warrants. ur- under
rule.
vi In bankruptcy or receivership OF
being reorRaniZed under the Bankruptcy
Act, or securities assumed by such com
panies.
Evening star., 1962-12-27

WIN bankTuptcy OF TecoiYeFlMp or
being reorHAniEed under the Bankruptcy
Act, or securities assumed By such com.
panies. ri ex-lnterest. Ct Certificates,
.hoads. nsgotiablliiy impaired By maturity.
Evening star., 1962-12-27
D. c. SECURITIES

Bid and asked prices on stocks listed
on the Philadelphia Baltimore WASH
ingtOn Stock Exchanpe.
Evening star., 1962-01-17

EIeetronie Wholesalers features
Woshinston's Lorgsst Selection
Of the finest brand components...
your assurance Of incompatible
home stereo entertainment.
Evening star., 1962-01-17

" All 400
Opening lead: Spade eight.
Declarer played a low trump
from dummy at the first trick,
won the trump return in his
hand and wondered what to do
about his low diamonds. He had
already lost a spade and was
sure to lose q, heart. How was
he to avoid the loss of two
diamonds?
South then hit on a master
stroke the only way to lose
his contract. He led the club
from his hand and finessed
dummy's queen.
Only an expert would think
of finesSing with a singleton.
Naturally, East won with the
king of clubs. West subsequently
got the king of diamonds and
the ace of hearts. Down one.
Poor Excuse
South tried to defend his
strange finesse. II could make
the contract" he said, IF West
had the king of diamonds or
the king of clubs. I played him
for the king of clubs rather
than the king of diamonds. It
was just a guess. Haven't you
ever guessed wrong?"
1t sounds logical until you
examine the excuse more closely.
You do have to find either the
king of diamonds or the king
of clubs in the West hand, but
it's wrong to play the clubs
ahead of the diamonds.
If you try the club fineSse
first and lose it, you cannot
recover. If you begin by leading
a low diamond toward dummy,
you have the chance to find
the king of diamonds in the
West hand. If this chance goes
sour, you can regain the lead
and try the club finesse.
In short, you can try for both
kings If you play diamonds
first. You can try for only one
if you play clubs first.
noiIv 0uostion
Dealer, at your right, bids one
diamond. You hold:
AQJ1O93 VKQJ5 1A62 sc
What do you say2
Answer: Bid one spade. You
would double for a takeout If
the opening bid were one club
because you would be ready for
any response. You are not ready
for a club response.
So
For Sheinwold'S 36 page
booklet, "A Pocket Guide to
Bridge" send SOC to Bridge
Book, The Washington Star.
Bor 1918, Grand Central Sta
tion, NeD York II, N. Y.
(copyrisht, 1862. Gen. Features corpJ
Evening star., 1962-01-17
SHEINWOLD
ON BRIDGE
Ry ALFRED SCHEINWOLn
Expert Needs
Good Excuse
BY ALFRED SCHEINWOI

A certain kind of mistake can
be made only by an expert
an expert who is busy catching
butterflies. Nobody with COM
mon sense would be guilty of it.
South dealer.
North-South vulnerable.
NORTH
AA52
0107
oQ83
%AQ874
WEST EAST
A876 AKA
2A843 1852
DK105 HJ974
1882 %KJ1O5
SOUTH
AQJ1093
2KQJ5
oA62
%6
South West North East
IA Pass % Pass
20 Pass 81 Pass
A. All Pass
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-15
A Happy Parting

Because both are strong ad-
vocates of immediate income tax
slaSheS, there was speculation
whether the President was warm
ing to the idea of across-the-
board tax relief now instead of
next year. Treasury Secretary Dill
lon, an advocate of tax reform
in 1868, attended both White
House meetings.
Mr.. Plumley, who created a
Juror in some circles with his tax
cutting philosophy, left the White
House saying things had improved
between business and the boss at
1900 Pennsylvania avenue.
A restless young Frontiersman
whose program and popularity was
waning on many fronts, Mr.. Ken
nedy possibly was balancing the
ACCESSIBILITY and consequences of
an immediate tax-cut bid against
the November elections, from
which he needs more support.
Business got an indirect shot in
the arm Monday when the cash
required to buy stock securities
was reduced from 70 to so per
cent. This gave investors 20 per
cent more credit from brokers,
and they responded with pur-
chases that gave the market four
days of substantial advances be-
fore profit taking set in on Friday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-15
Economy:
A Stimulus

Last Monday the Federal Re-
serve Board Topped 20 per cent
off the cash requirements for
stock purchases; Wednesday
business was given a SIS billion
break in depreciation al
lOwances; Thursday the Senate
Finance Committee okayed a
Sill billion investment credit.
The Administrators oft-sung
love call to Big Business took on
the aura of a real affair last
week.
1t began with a series of bust
neSs-benefitting concessions and
ended with a series of conferences
that had President Kennedy
making his strongest bid yet to
get the tagging economy back on
the road.
After a 3-hour luncheon session
Thursday with leading industri-
alists, bankers and businessmen,
Mr.. Kennedy called in economic
advisers Friday. Among them were
H. Laid Plumley, president of the
United States Chamber of Com
merce and Paul Samuelson, eco
Monies professor at the Massa-
chusetts Institute of Technology.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-15
Britain:
Cabinet Shifts

Prime Minister Macmillan
announced sweeping changes in
his cabinet last week.
In IL recent local elections, the
Conservative Party has lost to the
Labor Party and the growing Lib
eral Party. These contests-minor
in themselves-have worried Tory
regulars who know that their plan
to enter the Common Market has
attracted considerable criticism
from all sectors of English
society.
The image of the Conservative
Parry has suffered from. these de-
feats and doubts. with the result
that many observers are already
predicting a Labor victory in the
next general vote. Such an cleo
ton is not mandatory until 1864,
but many believe that if Conserv-
alive fortunes continue to drop,
the vote might be held sooner.
To vitalize the morale of the
party, Mr.. Macmillan announced
on Friday that seven members of
the Gilman cabinet had "re-
signed" This is a large number
of changes, even in July when
cabinet requirements are usually
made. The most important cas-
ualties were Chancellor of the
Exchequer Selwyn Lloyd and De-
tense Secretary Harold Watkin-
son. Both these men had been
Continued on Page c.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-15
Credit Plan Okoyed

The administrations long -suf-
fering tax bill got yes-and-no
treatment from the Senate
Finance Committee. 1t voted down
a controversial proposal for with
holding of income taxes on in
tereSt and dividends.
Then it gave business another
charge by approving a Z per cent
credit on investment in new ma
chinery and equipment. If this
should survive the final test, it
would provide $1.1 billion in tax
relief and another boost for in
dustrial expansion.
Soon the tax bill will be set
aside, per arrangement with the
administration, and the commit
tee will turn to the free trade
bill. This means the matter of
economy-boosting tax relief will
lag and perhaps die in the waning
days of the legislative session.
Unless Mr.. Kennedy goes for
broke, and decides this summer
that there has to be a dramatic
and decisive tax reduction for all
come elections or high water.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-15
Congress-:
AidVictory

The House Thursday passed
a foreign aid authorization bill
permitting assistance to Com
muniSt controlled countries.
At a time when any victory
could be regarded as sweet, the
administration got a boost toward
the kind of foreign aid bill it
wants.
BY a 277 to 4 vote, the House
went on record as opposing aid
to Communist countries, but Civ
ing the President discretionary
power to help such nations as
Poland and Yugoslavia. At the
same time the House passed a
bill authorizing up to $4.6 billion
for foreign aid generally.
This gave administration lead
ers high hope of working out a
satisfactory bill in Senate House
conference this week. The aim is
to win agreement on the Com
munist country aid, rebuffed by
the Senate except for food ship
ments, and to include Senate-ap-
proved financial assistance to the
United Nations, which the House
turned down,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-15
British Are Coming

Twenty-four hours later the
elated French couldn't restrain
themselves and sent to America
eight minutes of video-taped en-
tertainment. Pretty good stuff,
and not bad reception. The only
sour note found the British growl-
ing because the French had busted
a commitment for an all-Euro-
pean telecaSt July %.
So the Britons, also looking for
a first" got into the act on the
next orbit and sent across some
rather dull discussion. But it was
the first live" transatlantic tele-
cast, and the picture was a bit
sharper than the French effort.
Telstar, in her first 48 hours,
had made it big. Where does
she go from here? Well, there will
be other point-to-point expert
mentS, but the sights are higher.
Now the logical conclusion is a
worldwide communications sys-
tenn (television, radio, telephone,
telegraph to equal these systems
we have for many years consid-
cred homeland monopoly.
Today space communication is
no further along than Morse's
What Hath God Wrought" or
Bells Come here, Mr.. Watson, I
need you" But in this faSt-mov-
ing world, the end is in sight.
Congress is presently deciding
how such facilities would be OPP
Grated and controlled, even while
other private concerns are COM
peting with AT&T over the sys-
TEN employed. The House has
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-15

America put up the worlds
first communications satellite
last Tuesday. Before days end
both France and England had
received televisiOn via il. One
day later, France and England
sent TV programs to America.
In the twinkling Of an eye, the
entire concept of world commune
cation has been transformed from
something we considered rather
efficient into a fascinating future
of staggering possibilities and
complexities. And all because of
a wondrouS new bellwether of the
skies named Telstar.
Telstar began life In the gid
dieSt sort of way. Brilliantly clad
in sapphire like solar facets, she
left her coZy Cape Canaveral pad
before daybreak aboard a Thor
Delta rocket.
TelStar was in good hands on
the ground, too. Space agency
friends who had cuddled her for
weeks sent the starlet into an
orbit ranging from $500 to 500
miles from the earth. And there
she pirouetted for Is hours, swish
ing around the globe every 158
minutes.
For those suspenseful hours
there wasn't much Telstar's earth
bound admirers could do but hope
her $4,000 delicate parts were hap
PLY in tune. Then about 7:30
pm. she came within range Of the
Andover (Me) transmitting and
tracking station. Now was the
instant of success or failure.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-15
Rusk Makes 1t Plain

Secretary of State Dean Rusk
was asked at his press confer
ence on Thursday whether this
meant the Russians were on the
verge of signing their long prom
iSed treaty. He said he couldn't
predict" what was in Mr.. Khru-
shchev'S mind, but added that if
all the Russians want is to "seri-
ouSly reduce or to eliminate West
ern positions, then there is no
basis for serious negotiations"
Shortly after the conference,
Mr.. RuSk met with Soviet Am
baSSador Dobrynin for an hour
and a half and, as usual, no sig
nificant progress was reported.
Mr.. Rusk will probably meet with
Soviet Foreign Minister Gromyko
in Geneva this week when both
men arrive to sign the Laotian
peace settlement. They will most
likely talk about disarmament as
well as Berlin.
The disarmament conference
resumes after its month-long re-
cess tomorrow. and there are few
observers who expect any prog
resS. The United States, as a re-
suit of its present series of nu-
clear tests, may be more flexible
on the terms of a nuclear test
ban, but there is no reason to
expect the Russians to yield on
the question of inspection of sus-
pected tests.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-15
Some Aid in Doubt

One sour note remained for the
administration. This was the in
sistence by both houses that no
aid go to countries that seize
American property without max
ing quick restitution. This may
eventually cut off aid to such
countries as Brazil, setting back
our relations there.
For a time Friday 1t appeared
that the Senate and House Ap-
preparations Committees were
about to settle their petty feud
that has blocked conferences and
stalled passing of money bills.
Delegations from both sides met
for 80 minutes then emerged to
say that all still was in con-
fusion. 1t had been reported that
they had reached agreement on
a plan that would give House
conferees equal time as confer
ence chairman-the right they
suddenly decided a few weeks ago
should be theirs. But something
went amiss, and now the delega-
tons will meet again tomorrow
in another try.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-15
Mediocre Is Limpinq

The administrations bill for
old-age medical care continued to
limp through the Senate. It sur
vived two votes that would have
amended the present compromise
plans. One. offered by Senator
Bush. Republican of Connecticut,
would have given aged persons an
estimated SO month each from
Social Security funds. The recipi-
ents would use the money for
private health insurance.
In all probability, the medicare
issue will still be kicking around
long after the new Secretary Of
Health, Education and Welfare has
stepped into office. He was an
nounced yesterday as Anthony j.
Celebrezze, the mayor of Cleve-
land, Ohio. Expected to win quick
Senate confirmation, Mr.. Cele-
breeze will succeed Abraham A.
Ribicoff who resigned Thursday
to run for the Senate from Con-
necticut.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-15
Talk of Monopoly

In the Senate there's a small
group espousing Government
ownership. Their spokesman are
concerned whether a privately
backed operation may in time fall
into monopoliStic hands, specifi-
cally naming ART, and point
out that any private ownership
will have the benefit Of billions al
ready spent by the Government.
Advocates of private ownership
are satisfied that there are ade-
quate safeguards in a corpora
ton owned $3.50 by the public
and the communications carriers,
and with is directors - three
named by the President and six
each by the investing public and
carriers. Over all would be FEC
regulation.
The hard core of disSenters is
prepared to make a filibuster
stand. but administration forces
feel they have the impetus and
votes to win out in the end.
Even while this debate is In
progress, the combination of sci
ence and government will be NOV
ing toward the inevitable day
(barring a major mishap) when
our shrinking planet will be linked
by worldwide TV, phone and
eed-facSimile hookupS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-15
More Billie Sol

Senate investigators dug deeper
into the Billie Sol Estes manipu-
lations last week. For one thing
they concluded, after a dramatic
demonstration with a % caliber
rifle, that Henry H. Marshall, a
Texas cotton program specialist,
was murder victim.
At the time of his death in
June, 1861, Mr.. Marshall had been
questioning the legality Of cotton
allotments obtained by Estes, and
which the wheeler dealer parlayed
into a fortune.
The committee did not con-
clude that Mr.. Marshall, shot five
times with a bolt-action rifle.
necessarily was slain because Of
his cotton investigation.
Already in deep trouble, Estes
received other blows Friday. In
Ell Paso, Tex. Federal judge
declared him bankrupt. And three
businessmen accused with Estes
of bilking lending companies Of
$22 million with fraudulent fertilizer
tank mortgages, pleaded guilty to
five of 20 counts. EStes alone
entered a plea of not guilty.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-15
Purpose of Bomb

Delivered by Thor rocket and
exceeding by perhaps 100 miles
the highest Soviet defamation, the
bomb was defended by President
Kennedy as a means of learning
whether high altitude shots
might be useful in disrupting
electronic warning systems or in
defending against enemy missile
attacks.
While radio circuits were dis
rupted for short time, most ex-
perts felt there would be no dam
age to the Van Allen radiation
belts that would filter particles
into the earth'S atmosphere.
How do the United States and
Russia compare in the box score
of post-moratorium blasts? Ac-
cording to Atomic Energy Com
mission figures, the Soviets are
still far in front in atmospheric
tests with approximately so set
off last fall.
Two of the Russian blasts were
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-15
The Scope of Conflict

These are the contrasting views
of East and West, the same to-
day as they were Is months ago,
and indeed, since the beginning of
the cold war:
Soviet POsitiOn-The Russians
say the West should withdraw
from West Berlin and recognize
the sovereignty of East Germany
by signing peace treaties with
both Germanys.
The Soviet Union threatens to
sign a peace treaty unilateraly
with East Germany if the West
does not comply, and then turn
over responsibility for control of
the Berlin access routes to East
Germany. The Russians say they
are agreeable to some temporary
ARRANGEMENT" in West Berlin,
such as United Nations control,
or Big Four control (including
Soviet troops), but are against
continuing the occupation sta
tus" of Berlin. f..-.
On two occasions-in November
1858, and June, 1961-Mr. Khru-
shchev threatened to sign his uni
lateral peace treaty within six
months, but each time, backed
down. In recent weeks, Soviet
leaders, including Mr.. K, have
warned that their patience is get
ting thin, and that a peace treaty
might be signed at any time.