davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-12-26
ABA Veteran Named
General Counsel

Henry M. Sommers, who has
served as associate general
counsel for the American Bank
ers Association since 1855, will
become general counsel on JAN
uary /.
A member of the ABA staff
since 1899, he will succeed j.
o. Brott. of the Washington
office, who retires December 81.
The office of general counsel
will be moved to the associa-
tion's office in New York.
Mr.. Sommers also is secre-
tary of the ABA and secretary
of its legislative committee. He
will retain these responsibilities
in the general counsel's office.
Evening star., 1962-12-26
High Steel Output
Cited by Russians

MOSCOW, Dec. 26 (AP).-
The Ukraine will produce
approximately 81 million tons
more steel in 1862 than the
combined output of France,
Italy and Sweden in 1861, Tass
said yesterday in a dispatch
from Kiev.
The Ukrainian iron and steel
workers have already surpassed
the steel output targets en-
visaged for 1864 by the seven
year plan, the official Soviet
news agency said.
The growth of steel output
in the Ukraine has been
achieved as a result of the
commissioning of new facilities
and intensification of produc-
ton processes.
Half of the open-hearth
furnaces are operated with the
use of natural gas.
Evening star., 1962-12-26
Profit Outlook Divided
For First Half of 1868

NEW YORK. Dec. 26 (AP).-
A national survey Of l79 manu-
featuring companies indicated
yesterday that about half
expect higher pre-tax profit
during the first half Of 1863
than first-half earnings this
year.
About 80 per cent Of the
companies questioned by the
National Industrial Conference
Board reported they anticipate
no change in first half profit.
The remaining 20 per cent
expect lower profit.
Roughly 35 companies ques-
toned forecast a Jump OF at
least 10 per cent In pre-tax
profit over this years figures
A majority OF firms In such
industries as office equipment.
aircraft, electrical appliances,
organic chemicals and rubber
predicted profit rises.
The boards semi-annual sur
vey OF business expectations for
the next six months also dis
closed that rs per cent OF the
companies taking part believe
their first-half rate OF capital
spending will equal or exceed
their average rate OF spending
this year.
About 10 companies figure
their capital will hold at the
1862 average and over so an
ticipate there will be an in
crease. The remaining COM
panies figure there will be a
decline in their capital spending
rates.
The board said that nearly
Evening star., 1962-12-26
Legum Distributing
To Display Models

New Admiral products and
Armstrong lines will be shown
at the formal opening OF new
facilities Of the Legum Distribu-
ting Co. at 900 Battery avenue
in Baltimore today. Thursday
and Friday.
Dealers have been invited
from 9 am. TO 9 pm. each day.
A buffet and cocktails will be
served
Evening star., 1962-12-26

all companies surveyed in such
industries as electrical equip
ment, hardware, instruments,
apparel, construction materials
and food believe first-half -capi-
tai spending will equal to ex-
coed, the average rate for 1862.
More than one-third Of the
companies taking part said
they expect inventory invest
ment TO decline from fourth
quarter levels. Another third
believe 1t will hold unchanged
and the remainder predict an
increase.
Evening star., 1962-12-26
January Gain
Seen for Steel

NEW YORK, Dec. 26 (AP) -
A steel industry pickup in jan
uary was foreseen today by the
Iron Age.
The Woodworking weekly said
an upturn in production already
is assured despite some soft
spots in the market that de-
veloped late this month, threat
ening to push output below No
vember.
The magazine said good
automotive tonnage is in sight
for February, and thereafter
production will receive support
for inventory building by major
steel users.
The Iron Age said the stock
piling can be expected as a
hedge against possible interrupt
ton of mill activity later as a
result of probably reopening of
wage contracts with the United
Steel Workers.
Sketching of a generally OPP
timistic picture for the months
ahead was accompanied by
some cautionary comment:
Dominance of the auto in
dustry in the lift in the market
continues to cast doubt on the
death of steel market strength.
while there is some i'm
provement from non-automo-
tive users of steel, 1t is irregular
and does not yet give assurance
Of broad gains across product
lines"
In the weeks Immediately
preceding the holiday, produc-
ton across the Nation lowered
at a little better than 80 per
cent of capacity.
Evening star., 1962-12-26
YOUR MONEYS WORTH
Progress Report
On Stock Probe

A wall of silence appears tC
have descended over the Gov
ernment's year-long investiga-
ton of the Nations stock
markets.
Does this mean that the Sc
curities g. Exchange Commits
sion's investigators have not
uncovered sufficient abuses OF
loopholes to justify asking new
powers to police the securities
business or new laws to pro-
tect the investor? Does it mean
that the SEC is satisfied with
the self = regulation job the
stock exchanges, the over-the-
counter markets and mutual
funds are doing?
To put the answer in the
blunt words of Llwellyn p
Young, the SECS regional ad-
ministrator on the firing line
in New York:
Hell, mol"
The SEC is still studying the
answers to the exhaustive
questionnaires it sent out in
1862. 1t still is taking testi-
mony behind closed doors.
1t is working on its report
to Congress-which was orig
inally due January 3 and
which is now scheduled for
April 3.
There is no doubt that the
SEC report will urge tighter
regulation of the stock ex-
changes and the over-the-
counter markets. There is no
doubt that it will propose new
standards for the operation OF
mutual funds and the selling
of mutual fund shares to the
public. There is no doubt that
it will call on the securities
business to step up its self
policing. 1t is highly probable
that it will ask for new laws
to regulate the over-the-
counter markets.
The current investigation
started in early 1861 when a
scandal involving a father and
son team specialists on the
America Stock Exchange re-
vealed the need for drastic re-
forms on this major exchange
In September, 1861, the PreSi-
dent signed a law authorizing a
broad study of all the securities
markets. In November, 1861,
the study began. 1t has con-
tinued at a cost of almost 81
million without interruption
since.
WnaJ mlgnJ De IN Cne SECS
report? These points are pos
Sible:
Cd The report will criticize
some of the ways mutual funds
now operate, will cenSure the
use of part-time and inexperi-
enced statesmen, will denounce
high-pressure sales tactics, will
warn the industry to police it.
self or risk having %he SEC dc
the policing.
| SEC Chairman William L
Cary indicated what is to come
in a speech a few weeks age
before the Investment Bank.
ers Association. The mutua
fund industry, he said, is one
"in which self-regulation ha.
been greatly rejected. In
Evening star., 1962-12-26
Washington Gas
Declares Dividends

Directors of Washington Gas
Light Co. today declared the
usual quarterly dividend of SO
cents a share on common stock,
Secretary Edward T. Stafford
announced.
They also declared quarterly
dividends on four classes Of
serial preferred stock as fol-
lows: $1.0614 a share on the
S4.25 series; SIPS a share on
the s. series; $1.15 a share on
the $3.50 convertible series, and
S1.20 on the $3.50 series.
All dividends will be paid on
February l to stockholders of
record January 10.
Evening star., 1962-12-26
Important Medical Discovery
Science Shrinks Piles
New Way Without Surgery
Stops Itch Relieves Pain
Preparation HoThe Only Hemorrhoidal Remedy In World
That Contains New Healing Substance.
Every Claim Verified By Doctors
and Proved By 4 Leading Clinics.

For the first time science has
found a new healing substance with
the astonishing ability to shrink
hemorrhoids, stop burning rectal
itch and relieve pain - without sur
gerry or painful injections.
In one hemorrhoid case after
another prompt relief was reported
also a striking improvement in
from 2 to a days. These reports were
verified by a doctors observations
and proved by four leading clinics.
Pain and itching were promptly
relieved. And while gently relieving
this distress - actual reduction
(shrinking) of hemorrhoids took
place. Most amazing of all - this
improvement was maintained in
cases where a doctors observations
were continued over a period Of
many months!
In fact, results were so thorough
that sufferers were able to make
such astounding statements as
"Piles have ceased TO be problem|
And among these sufferers were a
wide variety Of hemorrhoid condi-
LONESOME of lOto20years' standing.
All this was accomplished at home
without surgery, injections, mar
cotics or astringents of any kind.
The secret is a new healing sub
stance (Bio-Dyne') the discovery
Of a world famous research insti-
Evening star., 1962-12-26
. BY SYLVIA PORTER

the over-the-counter market,
self-regulation has much room
for growth. Governmental
action is called for when there
is a void, but the SEC is sin
cerely anxious that any vacuum
be fillid by industry polio
ing. :" The message is
plain.
90 1t probably will recon-
mend a new law to require
companies with stocks traded
in the over-the-counter mar
kets to make full disclosure of
their financial condition at reg
ular intervals law long urged
by the New York Stock Ex-
change. OF about $4,000 COM
panies with shares traded to-
day. only about 1900 are listed
on any exchange and thus come
under the disclosure provisions
of the 1884 securities act. Mr.
Young indicated what is likely
when, in an interview, he re-
marked, 1T may be a wise idea
to adopt a law requiring full
disclosure on over-the-counter
securities. The present law
doesn't require companies
whose stock is traded over-the-
counter to issue any financial
statement after the initial reg
istration."
90 1t will ask stiffer polio
ing of the exchanges too, in
cluding the New York Stock
Exchange. Again Mr.. Young's
words are a forecast. There
are some areas where the ex-
change can function effectively
and other areas where it can
not or will not function. II
the exchange doesn't move, the
SEC will go ahead and take
action"
Distributed 1862, by the Hall
Syndicate, Inc. All Rights Reserved.)
Evening star., 1962-12-26
Atlantic Reports
Rocket Test Success

Atlantic Research Corp. Of
Alexandria, Va, today an
nounced a successful rocket
vehicle flight test at White
Sands Missile Range under its
current contract with the Air
Force ballistic systems division,
The rocket vehicle was a
two-stage Nike Apache and
carried a test payload supplied
by AVCO Corp. The test is the
first in a series of sounding
rockets to be launched at
White Sands in the special
I program.
Evening star., 1962-12-26
Cities Service Names
Christiun, Shepard

NEW YORK CAP).-Cities
Service Co. has announced the
election OF Erie @. Christian as
senior vice president and Lyle
l.. Shepard as a member Of the
boards executive committee.
Mr.. Christian had been a
vice president. Mr.. Shepard,
president Of the subsidiary
Columbian Carbon Co, has
been on the Cities Service
board since January.
Evening star., 1962-12-26
Machine Tool
Control Given
Supply Agency
BY ALLEN M. SYMTHE
Contributing Writer

Congressional members from
industrial states, who always
receive advance contractual
news from the Pentagon, have
had complaints over Defense
Secretary McNamara's report
ed plan to assign the buying,
handling, and storage of ma
chine tools to the Defense
Supply Agency. g
Machine tool makers do not
like it. However, Mr.. McNa-
mara has much congressional
support for this plan. On De-
cember 7th he signed a direc-
tive, marked "for internal use
only" that starts the DSA on
this program.
Partial View
A release just issued gives
a partial view of this plan.
only a partial view of this plan.
This initial order instructs
DSA to take over management
functions of all idle "industri-
al plant equipment" This will
include handling, storage, re-
pair and modification of one
third of The SO billion of de-
fense machine tools. DSA
will also keep records of the
remaining machine tools.
1t will also set up codes and
specifications for all general
service equipment and, when
requested by the armed serv-
ices. furnish machine tools
from stock or by purchase. The
effective date for these man.
agement functions is March /,
1868.
Last summer a survey group
recommended that all indus
trial production equipment be
bought and handled by DSA.
Mr.. Mcnamara, personally in
tereSted because of his automo-
tive experience, was inclined to
agree.
However, action was delayed
because of the protests of the
three armed services and some
machine tool builders. The
armed services argued that the
DSA, "the fourth service OF
supply" handled only expend-
able items and that production
equipment required manage.
ment responsibilities.
This latest action leaves Mr.,
Mcnamara free to issue a SIM
pie follow-up order to assign
all machine tool buying to DSA
if their operations prove to be
efficient and cost-saving. ~
1t would leave any special de-
signed equipment for weapon
production to the individual
services.
1t would not interfere with
top Department of Defense
production experts efforts to
lay emphasis on automation
and new processes that are
needed to fabricate the new
exotic space-age metals. These
light, heat-resistant and very
hard metals cannot be handled
by ordinary machine tools.
Evening star., 1962-12-26
Appliance Concern
To Hold Open House

Washington Appliance Whole
salers will hold an open house
for dealers at its showroom al
35l5 v street NE. on Thurs
day and Friday.
| New Norge and Motorola lines
will be displayed for dealers
from 10 am. to Q pm. each
day.
Evening star., 1962-12-26
COTTON

NEW YORK Dec 90 tAPb Cotton
futures established a lower price pat.
tern during the forenoon
initial trading developed ir nearby
sotbcd through trade covering
There was no NttiyNy In the balance
~ the rNrket
Noon prices were ~ cents bale
lower than the previous close hsStrh
- 80, MAY - 10 bid and July 1873
bid
Evening star., 1962-12-26

quarters are located in Wash
ington, Los Angeles and New
York. C-E-I-R centers also
are located in Boston, Houston,
San Francisco, Mexico City,
London and Paris,
Evening star., 1962-12-26
BALTIMORE
MARKETS

Quotations supplied by the United
States Agriculture Department No
produce market report will be issued
today.
Livestock Markets
Cattle so: not enough on offer to
test prices.
Hogs $50: barrows and gifts active.
fully 5n-75 cents higher than last
Thursday Sows virtually absent. US
No. l-3 1S5-220 lb. barrows and gifts
is so.
Evening star., 1962-12-26

hemorrhoid remedy is so successful
Preparation H promptly relieves
pain and burning rectal itch.
Shrinks hemorrhoids without sur.
gerry. Heals injured tissue back to
normal and helps prevent infection
of hemorrhoids.
Every claim made for Prepar
lion H has been verified by doctorS
This is the only hemorrhoidal rem
edy containing Bio-Dyne. Just ask
for Preparation H at any drug
counter in ointment or suppository
form.
Evening star., 1962-12-26
OVER COUNTER

Following prices furnished by the Ma.
tional Association of Securities Dealers
in Washington represent the range within
which locally active scurites could have
been bought or sold at II am. Wednes-
day, December rs, 1852:
Banks and Insurance compsnies-
Evening star., 1962-12-26
Southern Railway Lists
Profit Of $4.04 a Share
For II Months of 1862
By DONALD b. HADLEY
Star Financial Editor

Net income Southern Railway aggregated 900
share in the first II months of this compared
with 10000 $34 share in the period last
President D w. Brosnan announced today.
in rnofit maintained a margin
Evening star., 1962-12-26
FOREIGN
EXCHANGE

NEW YORK, Dec 20 tAPl ,-ForeiEn
exchange rates tOfeat Britain and
Australia IN Dollars others In cents
deeimals Of cent?
Evening star., 1962-12-26
Magic Healing Power
Discovered By Accident

Like many great discoveries-the
effectiveness Of Preparation H was
also discovered quite by accident.
Elm the laboratories of a famous
research institution in Cincinnati,
Ohio-renowned scientists were
conducting advanced medical tests.
During an ether-extracting pro-
cedure, there was asudden explosion.
An assistant was severely burned.
AS an emergency measure, large
quantities of an ointment (still
in an experimental stage) were
smeared on. To everyone's amaze
ment-pain ceased Immediately and
the skin healed remarkably fast
without soaring.
Later tests revealed this ointment
was full Of new substance which
has the astonishing power to heal
injured skin. This substance was
then scientifically combined with
other effective medical ingredients
into aproduct called Preparation H.
And here's why this remarkable
Evening star., 1962-12-26

tute. This new healing substance is
= offered in ointment or convenient
SuppoSitoryf form called Preparation
H. And Preparation H is the only
hemorrhoidal remedy in the world
containing this truly magical heal
ing substance.
Holmes County herald., 1962-10-18
By Phil Wallace

Walden lost a football game
Friday night to Alderman,
but still held on to first place
in the Mid-State Conference
today anyway. It's because al
though Alderman is a Mid
State member, it's games
against other conference
teams doesn't count in loop
standings.
Alderman is "red-shirting''
in the Mid-State this season
after coming over from the
Choctaw circuit. Wins or los
ses against Alderman does
not count in loop standings,
therefore that 1877 loss by
Walden, which was previously
indicated, won't make any
difference.
In other action, Lexington
battled Kilmichael of the Big
Black to a 6-6 tie Thursday
night and Friday night, Ethel
smashed Maben, 200, while
North Carrollton stopped Nc.
Holmes County herald., 1962-10-18
Nelson's Welcome
New Arrival

Mr.. and Mrs. Edwin Tye
Nelson announce the arrival
of a beautiful little daughter
on October 10th, at the Hol-
mes County Community Hos.
pita1.
The baby has been named
Mary Elizabeth. She was born
at 3 o'clock Wednesday AFTER
noon, and weighed eight
pounds, four and one : half
ounces.
Joining in welcoming the
new addition to the family is
a sister, Melanie, who will
be four years old in Deem
Der, and twin brothers, Ed
win Tye and Halbert, aged
two years.
Grandparents are Mr.. and
Mrs. Phillip Icke of San An.
tonic, Texas.
Holmes County herald., 1962-10-18
Lexington Lions Set 10 Rattle
Antique Stereo Console

lpointed to head the conces-
sions committee for the lcnu-
La football game at Lexington
lon October &c, 1862. Lion Leo
alderman was appointed as
Program Chairman for NO
vember, 1862 with Lion Nath-
an Schur as Attendance CHAIR
IMAM.
The meeting was turned ov-
er to Wayne Williams, Pro-
gram Chairman, who present
ed a color film on work and
status of the Mississippi Pow
er & Light Co., locally and
statewide. The club was in
formed with much regret that
this was the last meeting OF
Lion Wayne Williams in Lex
ington as he has accepted a
promotion and would move to
Brookhaven in the next two
weeks.
The entire club gave Lion
Williams a standing vote OF
thanks and best wishes for
Ibis fine work and membership
lin the Lexington Lions.
Meeting was adjourned with
announcement that next Lions
Meeting would be on Monday
might. November 5.
Holmes County herald., 1962-10-18

The Lexington Lions Club
with President Malcolm Phil
lips, and Secretary Roy Gel
ston, with As other members
present, held their semi-mon-
thly supper meeting at the
Grammar School lunch room
on Monday night.
Reports from the Box Seat
Committee, Pepper & Flavor
ing Committee, Concessions
Committee, and Membership
Committee, were given. Lion
Henry Mcclellan as Chairman
of the Stereo Committee with
Oliver Leonard, distributed
books of tickets to all Lions
on a General Electric antique
mahogany Stereo Console to
be given away in December
|8th.
You do not have to be pre-
sent to win, tickets are 81. 90
each with proceeds to be used
for projects at the local high
school. This fine piece of fur
nlture is on display at the
Miss. Power & Light Co. and
everyone is encouraged to
support this most worthwhile
project.
Lion Bob Mcclellan was an
Holmes County herald., 1962-10-18
Barrett Run Highlights
Mid-State Football Action

Adams, 26-13. Durant was i'd
lie.
Alderman will likely prove
to be a tough customer once
it's games start counting. Ro-
bert Curtis and Hamp CASTOR
combined scoring talents to
beat Walden. Meanwhile, the
magic combination of Tommy
Butler and Mack Hatcher pro-
vided the Walden score with
Hatcher taking an Is yard
pass.
Don Barrett's 60 yard run
was the highlight of the game
with Kilmichael, a former
Mid-State child which has now
gone to the Big Black family.
Holmes County herald., 1962-10-18
Bermans Gain
New Daughter

Mr.. and Mrs. Robert l..
Berman of IndianoIa are the
happy parents of a little girl,
born October 18th in the
Greenwood Leflore Hospital.
The little lady, who weighed
six pounds and twelve ounces
lat birth, has been named De.
borah Lynne.
The infant is being welcom.
ed by a little sister, Marie
Fay, who is visiting her
grandparents, Mr.. and Mrs,
Joe Berman in Lexington.
Holmes County herald., 1962-10-18
300 Register
At Charlotte

More than 300 registered
during the formal open house
at a new Charlotte's For
Beauty in Tchula Monday.
Winning permanent waves
valued at $50, $35, SIS and $40
were Mrs. Floy Sheppard,
Mary Jane Beason, Mrs. P.
M. Smith and Mrs. Earl Shan
ks, respectively.
Holmes County herald., 1962-10-18
Twentieth Century Club
Meets At Hotel Durant

Meets At Hotel Durant
The Twentieth Century Club
OF Durant met Wednesday,
october 10 at the Hotel Dur
ant with Mrs. Fred Waldron
as hostess.
A beautiful arrangement of
white gladiolas were used in
decoration for the occasion.
Mrs. H. c.. Mcclellan, presi-
dent opened the meeting ask
ing Mrs. w. HH. Mckenzie,
Jr. to read the Club Collect.
Mrs. j. B. Snyder was the
leader of a most interesting
program on International AT.
fairs.
Mrs. R. j. Dorset gave the
meditation "rhree Rules For
Living" which were; The Col
den Rule and the extensions
of it, The Silver Rule and The
Iron Rule.
The meaning of the G.. F.
w. G. insignia was given by
Mrs. j. B. Snyder.
The Hymn of the month.
Il Love Thy Kingdom, Lord
was given by Mrs. Fred VALID
ron.
Mrs. j. B. Snyder introduced
Mr.. E. B. Coca of Kosciusko.
Group manager, who has been
with the Southern Bell TeIe-
phone and Telegraph Com
pany for twenty three years
as the guest speaker for the
afternoon. Mr.. GOA gave a
very interesting and informa.
Holmes County herald., 1962-10-18
MYF Members
Enjoy Hoyride

The Intermediates of the
Methodist Youth Fellowship
of the First Methodist Church
met at the church Saturday
at $50 for a long hay ride.
Chaperones for the event
were Mr.. A. B. Holder and
Mrs. w. P. Temp. A large
number of both boys and girls
enjoyed this delightful outing.
Holmes County herald., 1962-10-18
Belmont Club
Sets Bake Sale

The Belmont Home Demon
stration Club is sponsoring a
bake sale to be held Saturday
beginning at 900 a. m. in the
City Hall of Tchula.
Pies, cakes, cookies and
other goodies will be for sale.
See us for your weekend
needs.
Holmes County herald., 1962-10-18
Returns Home

Mrs. Ed Ellison returned
home Sunday after visiting
her daughter, Miss Rebecca
Ellison in Atlanta. Miss Eli
son accompanied her mother
nome and will spend several
days here.
Holmes County herald., 1962-10-18
Rev. Nets AT First Baptist

Rev. Ira Nets of Goodman
filled the pulpit at the First
Baptist Church and will fill
1t again this coming Sunday
in the absence of the Rev.
Paul D. Bragg, church pas
tor. Rev. and Mrs. Bragg are
visiting his mother in South
Carolina.