davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-24
M. JOSEPH STOUTENBURGH, At
73l MashinEfnn RniIdin.

sOA W eoAhns NOM nu1lOlnG
UNITED STATES DISTRICT COURT
for the District Of Columbia, Hold
ing q Probate Court.-Estate Of
MARY MANN SPENCER. Deceased.
No. 96,S30. Administration
Docket liberalization having
been made herein for probate
OF the last will and Testament
OF said deceased, and for let
tiers testamentary on said es-
tate, by MARY FRANCES HEW-
TIT, 1t is ordered this 23rd dav
Of July, AID. 1862, that MIS-
WILLIAM (SARAH HEWITT1 RI
OLA, SPENCER HEWITT, the nm
known heirs at law and next Of
kin Of the decedent, and ali 9TH
e s,,- concerned; appear in said
s September; AID. 1862, at 10
such. application should not be
granted: Let notice hereof be pub
nshed in the Washington Law
Reporter" and THE Evening
Star" once in each OF three sue
cessiye weeks before the return
day, herein mentioned, the first
publication to be not less than
thirty days before said return day-
witness, the Honorable MATTHEW
Z. MCGUIRE, Chief Judge Of said
court, this 23rd day of July,
AID: 1862. (SealO Attest: Ar.
THUR c: SMITH, Deputy Regis
ter Of Wills. for the District of
Columbia Clerk of the Probate
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-24
FRAS w IN Y. IscaQLTz, Atty.

UNITED STATES DISTRICT COURT
i iog t peo DISTRICT Of colTmbia, Hold
Administration.-This Is to Give
Notice: That the subscriber, of the
District Of Columbia, has obtained
from the Probate Court Of the
District Of Columbia, Letters Tes-
tamentary on the estate Of RAY
H. COFFMAN, late of the District
Of Columbia, deceased. All persons
having claims against the deceased
are hereby warned to exhibit the
same, with the vouchers thereof,
legally authenticated, to the sub
scriber, on or before the 3rd day
f q January I1Ia A,D. 1868; otherwise
all benefit of said estate. Given
under my hand this 3rd day Of
July, 1862. BEVERLY ANN COFF-
MAN. S25 New Hampshire Ave-
nue. NV. (Seal.l Attest: THEO-
DORE COGSWELL, REGISTER Of
bia, Clerk of the Probate Court.
iy10,17,24
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-24

Tomorrow: PeniciIIin.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-24

out-of-Towm Ruts, SLOT Per Line
3 or More Times, $l.oo Per Line
PHONE II. $4,000
AND ASK FOR A
STAR ADVISER
Evening star., 1962-02-16
Kresge Plans
New Virginia
Discount Unit

S. S. Kresge, five-and-dime
chain store organization, will
open one of it's first new K
Mart Discount Department
Stores in the Fredericksburg
Park & Shop Center in Fred
ericksburg, Va.
Ground will be broken for
the first section of the new
center on Alternate Route l on
April l. The first section will
cover 1872 acres and will in
clude parking for 1000 cars.
The K Mart Discount De-
partment Store will be the first
in a small city. 1t will have
10000 square feet of space and
will increase total leased space
in the first section to $4,000
square feet, reported Rosenfeld
Realty Co., developers of the
center. This is almost 80 per
cent of the total 10000 square
feet that will be available.
Other tenants will be a Giant
Super Automatic Laundry and
Cleaner, an outlet of Market
Tire Co., Super Giant Food
Store, Peoples Drug Store, Bata
Shoe Co., a Phillips 66 gaso-
line station, beauty salon and
a bank. The center is expect
ed to open by March, 1868.
Evening star., 1962-02-16
Operations Research
Files for Offerinq

Operations Research, Inc, of
Silver Spring has filed a regis
tration statement with the Sc
curities and Exchange Commits
sion covering a proposed public
offering of 100000 common
shares through underwriters
headed by Auchincloss, Parker
& Redpath.
The public offering price
(limited to a maximum of SO
per share) and underwriting
terms will be supplied by
amendment.
The company's business in
cludes research and develop
ment services in the field of
operations research to govern
ment and industry. From net
proceeds, $550,000 will be ap-
piled to repayment of Short
term bank loans and the bal
ance will go to working cap
ital, the statement said.
The company has 283,800
share of common stock out
standing after giving effect to
a proposed 30-for-1 stock split.
OF the total, President Emory
Cook and two executive vice
presidents, Donald G. Malcolm
and Harvey D. Kushner, own
4l.68 per cent, 1895 per cent
and 10 per cent, respectively.
Evening star., 1962-02-16
Annex Rules
Tightening
Is Proposed

NEW YORK, Feb. 16 (AP).-
Responsibility would be pre-
cisely fixed and rules more
strictly enforced on the Ameri-
can Stock Exchange under
recommendations of it's self
study committee.
The group, headed by Gus
taVe L. Levy, submitted its
third and final report yester-
day. Among other things, it
called for an end to all associ-
ate memberships.
Only full memberships would
be permitted after 18 months.
And all members, the commit
tee urged, should vote and
become active in exchange
management.
The Levy committee said
members sharing in exchange
benefits and subject to its
jurisdiction should assume the
obligations of full member
ships"
There are now Ais associated
and 499 regular members.
Two plans were offered to
bring about the change. The
associate could either purchase
fractional interests in newly
created memberships, or pur-
chase regular membership at a
stated price.
Evening star., 1962-02-16
WoodiesProfit
Rises Nearly
Il Pct. in Year

Net profit of Woodward g.
Lothrop is ranging nearly II
per cent above a year ago,
while sales are up around A
per cent.
In an unaudited interim re-
port for SO weeks ended Feb
ruary 3, C. Robert McBrier,
vice president-finance, today
declared sales expanded to
$76,812,286, a gain of "A per
cent from $73,581,311 in So
weeks ended January %, 1861.
Mr.. McBrier said net profit
for the SO weeks increased to
$2,401,091 from $2,160,844 in
the 52-week period a year
earlier.
While inclusion of one more
week accounted for much of
the sales increase, it did not
account for the substantial
gain in profits.
Mr.. McBrier emphasized that
the unaudited report presented
at a board meeting was subject
to change or year-end adjust
ment.
Evening star., 1962-02-16
SEC Rejects Plea
To Dismiss Case

The SEC has declined to va
cate a prior order suspending
the broker-dealer registration
of Mutual Funds of America,
Inc, of Washington or to dis
miss proceedings on the ques-
tion whether Mutual Funds
registration should be revoked.
The proceedings had been
consolidated with proceedings
on the question whether to re-
woke the er-dealer regis
tration of Batten & Co., Inc,
of the same K street address,
controlled by Frank L. Batten.
The proceedings were based
on alleged violations of the
Federal Securities laws by Mr.
Batten. In May, 1861, he sold
the stock of Mutual Funds to
Alfred w. Reiter. Mr.. Reiter
had been employed by Mutual
Funds as a part-time salesman
and now is its president. A mo-
ton was made to dismiss the
action as to Mutual Funds and
this now has been denied.
Proceedings on broker dealer
registrations of Mutual Funds
and Batten & Co. still are
pending and oral argument be-
fore the SEC has been sched-
uled for March 8.
Evening star., 1962-02-16
Area Store Sales
9 Pct. Above 1861

Department store sales in
the Washington Metropolitan
Area we're 9 per cent above a
year ago in the week ended
February 10 and were l per
cent ahead of the previous
week. the Federal Reserve of
Richmond also reported.
Area sales in four weeks
ended February 10 were 20 per
cent above a year ago and for
the year to date were up 9
per cent.
The downtown portion of the
area sales total was 6 per cent
above a year ago in the pre-
vious week, but was down 3
per cent from the previous
week. Four weeks downtown
sales were 16 per cent above a
year ago and for the year to
date were up 6 per cent.
Evening star., 1962-02-16
Gillette Says 81
Was Record Year

BOSTON, Feb. 16 (AP).-
Gillette Co. stockholders were
told yesterday 1861 was the
most successful year in the
company's history, in net sales,
and earnings.
Carl j. Gilbert, chairman,
and Boone Gross, president,
announced net earnings after
taxes of $42,761, 900, or $1.52 a
share, compared with $37,123,-
900, or $1.33 a share in 1860,
as adjusted to reflect a 200 per
cent stock distribution-in eff
feet, a 3-for-1 split.
With net sales up to $685.
100000, an increase of 13 per
cent over the $224,737,000 of
1860, the report said, sales
and profits of the company's
principal manufacturing divi-
sion remained at high levels in
virtually all our markets
throughout the world our
operations abroad once more
contributed substantially to the
earnings of the company, with
results above those of 1860"
Evening star., 1962-02-16
GWH Increases
Norwood OUTLAY

Greater Washington Indus
trial Investments, Inc, yester-
day announced an additional
commitment of $4,000 to Nor
wood Studios, Inc, producer OF
non theatrical motion pictures
The $4,000 commitment is
for 8 per cent debentures with
warrants to purchase stock ano
brings to $150,O00 the total
funds made available to Nor
wood by GWII. In September
1860, 100000 was assigned Nor
wood on similar terms.
The additional funds will en-
able Norwood to perform a
long-term contract with the
Federal Government under
which some 1000 Government
films will be distributed anC
sold by Norwood.
Evening star., 1962-02-16
U. S. StockpiIes
Cut Slightly
BY the Associated Press

The Government managed to
reduce its stockpiles by $l36.8
million last December but still
had SAL billion of various ma
terials and products on hand.
Reporting this yesterday, the
Senate-House Committee on
Reduction of Non-Essential Ex-
penditures noted the disposal
of $95 million in corn, $33 mil
lion in wheat and $19 million in
grain sorghum.
These disposals we're offset
in part by the acquisition OF SO
million in manganese, Sc nil
lion in milk and butterfat and
SIS million in diamonds.
Evening star., 1962-02-16
PEPC0 Plans
Stock 0fferiinq
To Holders

Potomac Electric Power Co.
yesterday filed a registration
statement with the Securities
and Exchange Commission COW
ering a proposed issuance of
536,22l additional shares of
common stock to be offered to
present holders of the stock.
The additional common
shares will be offered to hold
ers on the basis of one new
share for each Is shares held
on the record date, which is
expected to be on or about
March 7.
Subscription rights and other
details will be announced later.
Shares not purchased by the
exercise of rights will be Of
fered for subscription by the
company's employees.
Any shares not subscribed
for through the offerings to
stockholders and employees will
be sold to an underwriting
group to be formed and man
aged by Dillon, Read & Co. of
New York and Johnston, Lem
on & Co. of Washington.
Proceeds from the offerings
will be used to pay the COM
pany's outstanding $98 million
of AZ per cent bank loan notes
due March 80. 1862, and pro-
vide for a portion of the COM
pany's construction eXpendi-
lures, which for 1862 are eX-
pected to approximate $53 mil
lion.
In addition to clearing with
the SEC, the proposed offer
ings are subject to approval by
the District Public Utilities
Commission and the Virginia
State Corporation Commission.
Directors yesterday declared
a dividend of 36 cents a share
on common stock, payable
March 80 to stockholders of rec
ord at the close on March 7
The dividend will not be paid
on new common stock.
Evening star., 1962-02-16
CHICAGO
LIVESTOCK

CHICAGO, Feb. l6 (AP). tUSDA) -
Hogs, $500; moderately active, butchers
steady to weak, instances % lower;
sows fully steady. good shipping de-
11.45: mostly 1-2 190-225 lbs Ills
Il 30; p head at .17.35; mixed l-3
190-24O lbs 16.75-17.25; mostly l6.1
17.1O: 240-270 lbs 16.25-16.15; "a
3O0-4OO lb sows 14.5O-15.25; 2-3 400
$50 lbs 1275-14 80; couple loads 500
$50 lbs 13.5O-l3.75; shippers took
5000.
Cattle. 300; small supply mostly
cows; cows steady: not enough of any
other class on hand to establish a
trend; load choice 1,100 lb slaughter
steers about steady at 26,15 utility
and commercial cows 14.50-16.5 so;
Gamers and cutters 13.00-16.OO.
Evening star., 1962-02-16

products, RiXon has kept IN
mind the Army high school re-
cruit who may have to recorder
or replace a part some day.
One result is a simple color
marking scheme for m jor
components. If you can recog-
nize red. you can order the
part.
Another device called a
"Simplified Sectional Check
out" makes it child's play to
test electronic circuits. The
"Checkout," (on which a patent
is now pending) consists of a
board with drilled holes. You
put one electric plug in one
hole, another plug in the next,
and watch a screen for the
zig-zag pattern. The right pat
tern means it's working.
Wave Measuring Device
One of the oldest products is
the SplaShnik. When the Navy
began demanding some device
to measure the height of waves
useful knowledge in launch
ing undersea missiles and re-
trieving capsules - RiXon en-
ployes came up with a modest
transmitter and antenna at
tached to a foam plastic raft
The whole rig cost less than
a household TV set.
The transmitter gave off diff
ferent tones depending on how
the waves tilted the raft. A re-
ceiver nearby told the listener
what he needed to know about
turbulence.
Not content with that, Rixon
employees made it even simpler.
They threw away the plastic
raft and stuck the transmitter
inside an ordinary inner tube
from a truck tire.
And that's the way the Navy
uses them today.
Evening star., 1962-02-16
Cherner Companies
Show Sales Gain

Sales of the Cherner Ford
Lincoln-Mercury dealerships in
Washington and nearby Vir-
Ginia totaled 1,012 units in
January, gain of Al per cent
from 718 units in January last
year, Leon ChernCr reported.
The 1862 gain was accom-
pliShed on top of a % per cent
sales gain between 1860 and
1861.
Evening star., 1962-02-16
Cap|in Sees
Tax Cheatinq
In Stock Deals

DALLAS, Tex, Feb. 16 (AP).
Commissioner Mortimer Cap
lin of the Internal Revenue
Service said today tax cheating
in stock market transactions
represents "one of the most
common tax abuses" now re-
ceiving "a good part OF our
attention.
Mr.. Caplin, in a talk pre-
pared for the Southwestern Le-
gal Foundation of the Oil &
Gas Institute, said the lnves-
legations are raising civil as
well as criminal issues.
The tax chiefs statement
seemed at variance with an IRIS
statement issued January 8
after the Associated Press re-
ported the agency was prepar-
ing at least a dozen criminal
tax fraud cases in the securities
field. IRIS said at the time
there was mo special tax en-
forcement drive" under way in
the securities markets and that
enforcement work was mo
greater in the financial field
than in any other area where
possible abuses of the tax laws
occur"
Commissioner Caplin said
I'VE are following with interest
Investigations being conducted
by the Securities and Exchange
Commission" which is making
a broad study of all phases of
the securities industry.
He indicated that IRIS is
particularly concerned about
possible tax chiseling by under
Writers-brokers who distribute
stock issues to the public-and
by corporations or officers who
have taken unfair advantage
of their inside position to the
detriment of investors"
He said the SEC is furnish
ing his agency with copies of
all prospectuses and offering
statements concerning stock
issues.
Mr.. Caplin indicated that
these are being studied for the
information they contain about
compensation paid to under
writer's.
1--WE are concerned in a num-
ber of situations that the man
ner in which underwriters or
related parties are compensated
may lead them to fail to report
income or, if they do report,
to claim improper tax bene-
fits" he said.
He said IRIS shortly will pub
lish new regulations concerning
the tax treatment of stock op-
tions received by underwriters
as compensation.
Evening star., 1962-02-16
BURLINGTON Elects

NEW YORK, Feb. 16 (AP).-
Burlington Industries, Inc, the
Nations largest maker of syn
thetic fabrics and products,
yesterday named Charles F..
Myers. jr., so. president and
chief executive officer. Henry
Rauch was elected chairman of
the board.
Evening star., 1962-02-16
D. c. Hotel Volumes
II Pct. Behind 1861

w a S hin g ton hotel sales
trailed II per cent behind a
year ago in January, accord
ing to the monthly report from
Bourbon Dawes, executive vice
president of the Hotel Associa-
ton of Washington.
Covering "a member hotels,
the report also said room sales
were down 8 per cent, food
sales Jagged 13 per cent, while
beverage sales were off 14.09
per cent.
A January occupancy rate of
67.2 per cent was down As per
cent from the same 1861 month.
Evening star., 1962-02-16

rectorD 1t broke away to take
the independent route after
four years, and now has ITO
employees working in a brand
new $500,000 building at 2121
Industrial parkway.
High Ratio of Engineers
Because of it's role in Gus
tom electronics engineering as
we'll as production, Rixon has
a high ratio of engineers -
about a third of its payroll if
one includes support techni-
clans.
Recruiting engineers in to-
days market is a slow process, /"
says Mr.. Hollis. They want
good pay, of course, but also
a chance to make contributions
in a field they're interested in
That's why small companies
like ours attract them. They
don't get lost here, as they
would in a big industry"
RiXon now has about so diff
ferent projects going, mostly in
defense lines, and no engineer
can complain about a lack of
diversity.
Despite the compleXity of its
Evening star., 1962-02-16
WooIworth Will Open
2l Stores in z Months

NEW YORK, Feb. 16 (AP).-
F. w. Woolworth Co. has an
nounced plans to open 81 new
variety stores during February
and March.
The company said the stores
will be opened in every section
of the Nation from New York
to Hawaii. Eighteen will be in
shopping centers and the others
in downtown locations. Wool
worth currently operates 3,571
variety stores.
Evening star., 1962-02-16
Credit Leaders Win
Notionu! Offices

Joseph w. WEIGH. collection
manager of the Hecht Co., was
elevated to first vice president
of District IL of the National
Retail Credit Association at the
recent regional conference of
the association at the Green
Evening star., 1962-02-16
Long Island Pepsi
Declares Dividend

Directors of Pepsi-Cola Bot
ting Co. of Long Island, Inc,
have declared a regular quar-
terly dividend of 10 cents a
share, President Jack P. Jor-
dan announced.
The dividend will be paid
March Is to stockholders of
record March |.
Evening star., 1962-02-16
brier at White Sulphur Springs

brier at White Sulphur Springs,
w. Va.
Frank w. Miller, collection
manager of Julius Garfinckel
& Co., was elected a director
of the national organization
and Chester A. Carter collec-
ton manager of Woodward &
Lothrop, was elected national
alternate.
Ten other members of the
Retail Credit Association of
Metropolitan Washington at
| tended the conference.
Evening star., 1962-02-16

. 1lle llCW 1SCOlu Wdo dlOullS
$1,27l ,480,765 at the end of
, December and compared with
. 81, ,137,702,363 at the end of
January, 1861.
However, the net inflow of
. new savings into the asSocia-
tions dropped in January to
$10,887,011 from $17,659,O90 in
December and $l5,662,890 in
January last year.
= January receipts of new saw
ings in the Washington associa-
. tions amounted to $60,585, 1852,
compared with $40,581,640 in
the previous month and SSH
317,954 in January last year.
January share repurchases or
. Withdrawals of savings totaled
$49,698,341, compared with
$22,922,550 in the previous
month and $35,695,064 a year
ago.
' National Trend Cited
The smaller net inflow was
in line with reports of a ma
tional trend linked with the
higher interest rates paid by
. commercial banks on savings
since the first of the year.
. However, the slower net inflow
was not as marked as in most
other cities.
=. Washington area banks have
> reported a substantial pickup
in time deposits as a result of
. higher rates. They have said
: the gain came from many diff
ferent sources.
= Real estate loans of the
Washington associations also
. reached a new high of $1,322,-
384,612 on January 81, COM
, pared with $1,309,591,362 a
month earlier and $1,163,967.-
784 year earlier.
Combined assets reached a.
record 81, $1,483,170,816, compared
, with $1,474,570,403 a month
earlier and $1,302, ,387,784 on
January 81 last year.
Loan settlements in January
aggregated $28,556,025, COM
pared with $24.O85,197 in the
previous month and $15,915,390
in January, 1861.
Biggest gain from a year ago
was in home purchase loan
settlements, which rose to S14,-
1929 in January, compared
with S13.807, ,434 in the previous
month and $7,848,510 in jan
uary last year.
Construction Loans Up
Construction loan settlements
amounted to $8,4O6,228 VS.. S.
693,55O in the preceding month
and $4,608,750 a year earlier.
Other loan settlements totaled
$5,432,508 VS.. $4,584,213 in the
previous month and $3,458, 130
in January, 1861.
Loan disbursements totaled
$32,192,695 and loan repay
ments amounted to $22,886,731
in January, compared with $29,-
417.206 and $23,194,156, respec-
lively. in the previous month.
Disbursements exceeded re-
payments by $9,305, 1854 in jan
uary and $6,223,049 in Deem
ber. This contrasted with
January last year when dis
bursements of $17,684,068 we're
behind loan payments of $1S,-
141,944.
The Washington associations
held $48,570,0O0 of borrowed
funds from the Federal Home
Loan Bank System on January
81, compared with $54,77O, 900
a, month earlier and $44,587,-
1893 at the end of January, 1861.
Their reserves totaled $99,-
794,025 on January 81 VS.. $685.
Evening star., 1962-02-16
Strunuhun Elected

TOLEDO, Ohio, Feb. 16 (AP(.
R. A. Stranahan, jr., has sue
ceeded his father as board
chairman of the Champion
Spark Plug Co. The elder
Stranahan, founder of the
company, died last Friday.
Evening star., 1962-02-16
BUSINESS BRIEFS

a share VS.. $1,154,926 or At
cents in 1860 period.
Berkshire Hathaway in 8
months ended December 80 had
a loss of $603,658 VS.. earnings
of $54,110 or "a cents a share
in 1860 period.
Other earnings included:
Evening star., 1962-02-16
TALKING OF BUSINESS
Device That Lets Computers Chat
Hell ps Rixon Ride EIectronics Tide
BY TRUMAN r. TEMPLE
Star Staff Writer

Among the current rash of
cartoons about computers is a
drawing of two machines chat
ting to each other.
Oddly enough, that's just
what computers do nowadays,
though their language sounds
like pure static to the human
ear. The flight of Astronaut
John H. Glenn, for example,
was planned long ago to in
clude a number of "conversa-
tionS" between computers con-
cerning the space vehicles po-
Sition and motion-though the
talk is properly scrambled to
Illustrate foreign listeners.
Among the items manufac-
tured by RiXon Electronics, Inc.
of Silver Spring is device that
makes such computer talk pos
Sible. known as a Sebit (for
Serial Binary Information
TranSmiSsion, it has brought
the company more than $780,
900 in revenues and represents
one reason Rixon last year en-
joyed record sales of $1,847,-
I016. up 50 per cent from the
previous year.
The Sebit takes data from
one computer and reduces it
to bits" in the form of noises,
sending them at Incredibly high
speed over a telephone wire.
One model, the Sebit-24, han
dies 2,400 bits per second. Other
models are even faster, sending
and receiving up to 4,80O pieces
of data per second.
President a Radio Ham
Rixon's president is James l..
Hollis, short and deceptively
mild-mannered engineer (Kan-
saS State '43) with two decades
of experience in co,nmunica-
tionS, who has run the COM
pany with a firm hand since
he took office in 1857.
Jim Hollis is technically
oriented," says one colleague,
and his hobbies show it. He's
radio ham, and his 35-foot
yacht is loaded with just about
every radio gadget known to
man. But he has a sixth sense
in knowing what will sell. He's
the big reason why RiXon is
growing"
RiXon started out as a tiny
operation in 1858, and was &C
quired by Page Communica-
tions Engineers a year later.
Cts name is an amalgam of
two founders, Joseph C. Myrick,
now RiXon's director of re-
search and development, and
IC. j. Harrison, operations di-
Evening star., 1962-02-16
METALS

NEW YORK, Feb. I6 CAP) Spot
nonferrous metal prices today: Copper
81 cents a pound Connecticut Valley.
Lead 9i2 cents a pound. New York
Zinc l. cents pound, East St Louis
Tin 1..lis a pound, New York For
eign silver 0212 per troy ounce, New
York. Pittsburgh scrap steel No. /
heavy was quoted by Iron Age at
81 OO-3S 90