davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-04-19

Columbia Broadcasting Sys-
tenn reported the best first
quarter in its 34-year history
though final figures are not
yet available.
Baltimore G. Ohio Railroad
had a net loss of $3,034,272 in
quarter ended March 81 VS.
net loss of $11,592,442 in 1861
period.
Budd Co. reported net in
come of $2,114,OO0 or 46 cents
a share in quarter ended March
81, VS.. net loss of $2,1O6,OOO ir
1861 period.
Paramount Pictures in veal
ended December 80 earned
S7,148,000 or S4.23 a share VS.
$7,026.000 or $4.2O a share
previous year.
Evening star., 1962-04-19
Berens Acquires
Home Loan Firm

: The Berens Companies at
l120 Connecticut avenue NV.
has acquired Bankers Guar
anty Trust Co., also of Wash
ington. through an exchange of
stock, it was announced yester-
day.
Bankers Guaranty special
ICES in modernization loans and
has made around $40 million
OF these since its organization
IN 1852.
Evening star., 1962-04-19
National Dairy
SetsRecordsin
First Quarter

NEW YORK, April 19 (Spe-
ciaD National Dairy Products
Corp. had the best first quarter
in the company'S history for
the first three months of this
year, ]. Huber Wetenhall, presi-
dent. told stockholders today
at the annual meeting in the
Statler Hilton Hotel here.
Both sales and earnings for
the first quarter showed an in
crease over the corresponding
period last year and ran ahead
of the previous record set in
1860. Preliminary figures for
the first three months of 1862
indicate that worldwide sales
rose to $465, ,763 900, a gain of
$24. 795, 900 or Sc per cent over
the comparable period last year.
Earnings after taxes for the
first quarter were $11, 1872 900
an increase of $632,000 or 6
per cent over the $10,550,0O0
earned by the company in the
first quarter of 1861.
For the three months earn
ings equaled 78 cents a share,
compared with IA cents a share
on the smaller number of
shares outstanding in the first
quarter of 1861.
Gordon Edwards, executive
vice president OF the Kraft
Foods Division, and John L.
Weinberg. partner in the New
York investment banking firm
Of Goldman, Sachs & Co., were
elected directors. Fifteen other
directors were reelected.
Evening star., 1962-04-19
YOUR
MONEYS WORTH
Depression Would Follow Initiation
N SYLVIA PORTER

The steel industry's happily
unsuccessful attempt to in
crease steel prices raises the
fundamental question: What
would happen to us if another
spiral of prices and wages die
get under way?
Before writing one more line
let me emphasize that the con-
sidered, cold d-blooded judgment
of respected experts in Wash
ington and Wall Street is that
another initiation spiral will
NOT occur in the foreSeeable
future. There is no evidence
that we're about to take OF
on a boom again. On the con-
trary, our key problems are a
sluggish rate Of economic
growth and a high rate of un-
employment. The President has
won an historic victory in
forcing Big Steel to retreat and
the danger of a reawakened in
flation psychology appears slim
But what If this conserva-
tive. Unconditional appraisal OF
the price-wage outlook is
wrong? What if some other
new unanticipated event sets
the stage for a new series of
price increases?
What Would Happen
What would happen then
would be:
A temporary initiation which,
while Short-lived, would do
enormous damage;
Then a recession, the fifth
of the post-World War II peri
cd and probably the most Sc
we're since the depression 1930s.
A business crash - and not
the new inflationary cycle that
the headlines were emphasizing
the fear of Thoughtful
observers during the chaotic
two days when steel was rais-
ing prices.
Minutes after United States
SteelS announcement of its
price hike on April IL, a lead
ing New York economist I tele-
phoned went to the heart of
the matter with this comment:
American industry has to
price more consumers into the
markets rather than more con-
sumers out of them. If the
pricing-out is to be the pat
tern, we're in for the worst de-
flation in a generation"
Evening star., 1962-04-19

IS trucks in four divisions serv-
ing the Atlantic Seaboard from
Pennsylvania to North Caro-
lima.
Sales crossed $21 million in
1861.
The new distribution center
has $4,000 square feet of space
and is equipped with conveyor
systems for rapid handling Of
products. 1t occupies a 13-acre
tract at the District line.
Officials admit a demand
persists for some ancient reme-
dies, along with the latest mir
acle drugs. One shelf offers
rattlesnake oil, for example,
still occasionally used as a
liniment.
Evening star., 1962-04-19
TALKING OF BUSINESS
GiIpin Co. to Open
BigNew Drug Center
By TRUMAN r. TEMPLE
Star Staff Writer

A wholesale drug company
that once startled the trade by
putting holes in the cap Of a
talcum powder can will dedi-
cate a modern 50 million dis
tribution center here next
month.
The Henry B. Gilpin Co.,
Oldest of its kind in Washing
ton, has scheduled an open
house May 6 for the drug trade
at its new offices and ware
house at 901 Southern avenue
Sc. from 2 to 5 pm.
Among participants will be
Gov. Tawes and DR.. William S.
Apple, secretary and general
manager Of the American Phar-
maceutical Association. AS an
extra historical fillip, the COM
pany has installed a bronze
plaque at the site pointing out
a stone originally laid in 1892
by President Washington to
mark the limits of the Federal
City.
10000 Items
James E. Allen, company
president, said the facility will
bring under one roof personnel
previously scattered about the
Observation-Disclosures area.
The center carries an inventory
of 10000 different items from
1000 drug and cosmetic manu-
facturers. 1t will serve about
1000 accounts, including phar-
macieS and hospitals.
The company was founded
lit years ago in response to
a problem within the drug in
dustry. The apothecary of
those days mixed most COM
pounds himself but could not
depend on the uneven quality
of imported crude drugs.
The result was the Candy &
Hatch wholesale company of
Baltimore, forerunner of the
Washington firm. It was among
the first of suppliers to assay
and standardize drugs, and
personally imported such items
as cascara and digitalis via
clipper ship.
In 1850 the company was
reorganized to Candy, Gilpin
Co. when Bernard Gilpin ac-
quired an interest, and 36 years
later changed again to Gilpin
Langdon Co. 1t adopted it's
present name in 1908.
The company prospered in
standardizing drug supplies in
the last century and later be-
gan compromising it's own to
save the apothecaries' time.
Now Drug Wholesaler
AS volume of it's distribut-
ing business increased, the
company gradually disposed of
its compromising operations in
the 1920s. 1t is now exclusively
a drug wholesaler, the largest
IN Washington, with a fleet of
Evening star., 1962-04-19
Mary O'Brien Heads
Insurance Women

Miss Mary O'Brien, office
manager for H. L. Rust Co., has
been elected president of the
Insurance Women's Club OF
Washington, it was announced
following the recent 28th an
nual meeting.
| Mrs. Marguerite Carroll, as
sistant vice president of Fed
eral Services Finance Corp.
was elected first vice president
and Mrs. Rita Thomas of Ell
lett & Short, Inc, was named
second vice president.
/ Mrs. Celeste Sexton of Tray
elers Insurance was named cor
responding secretary and Mrs
Helen Hutton of Insurance AS
sociates, Inc, was named treas
IIrnr
Evening star., 1962-04-19
O'BoyIe Tank Lines
Promotes Officials

O'Boyle Tank Lines has pro-
fnoted Donald C. Gibeau to
vice president of administra-
ton and finance and J. Mere
dith Russell to vice president
and general traffic manager,
it was announced today by
Frank L. Grimm. president
and board chairman.
Mr.. Gibeau has been with
the firm since 1855 and became
treasurer in 1856 and secretary
in 1859. Mr.. Russell Joined
the firm in 1854 and was pro-
NOTED to traffic manager in
1Q5R
Evening star., 1962-04-19
John Hancock Plans
Tooth Anniversary

Washington will be the scene
of one of "a dinner celebra-
tions to be held simultaneously
across the Nation on April %
in observance of the Tooth an
niversary of the John Hancock
Mutual Life Insurance Co.
More than 440 Hancock rep
resentatives from Washington
and Baltimore will attend the
anniversary dinner at the Sher-
atom Park Hotel, said J. j.
Bailey. regional supervisor, who
is dinner chairman.
Evening star., 1962-04-19
Merger Date Fixed

PHILADELPHIA, April 10
(AP) james M. SymeS, board
chairman of the Pennsylvania
Railroad, predicted today the
proposed merger with the New
York Central would be COM
pleted by the middle of 1863
at the latest.
Evening star., 1962-04-19
Potomac National
Promotes Macdonald

John K. Macdonald has been
elected assistant cashier of the
Potomac National Bank, it was
announced by President F..
Moran McConihe.
Mr.. Macdonald has been
with the bank since its OPEN
ing in April. 1859. Previously
he was with Suburban Trust
Co. for seven wears.
Evening star., 1962-04-19

{ Why would recession be the
outcome of a renewed price
wage spiral now? There are
two reasons and here they are
First. the great forces which
are operating today to curb oul
economic growth would gain ir
intensity.
Competition from attractive
ly priced. quality foreign i'm
ports would dig deeper into the
domestic markets of United
States producers and take away
their customers abroad as we'll.
Federal Reserve Action
AS buyers of ade-in-United
States products turned to other
sources, the sales of our manu-
facturerS would dwindle, Their
job rolls would shrink, bank
ruptcies would soar, the result
would be depression. There's
no fooling about this. We
could get away with a price
wage spiral in the 1940s and
early 1950s. for we were the
worlds top producer, we had
virtually no competition, Gus
toners all over the globe were
begging for what we turned
out at the prices we asked. But
we can't get away with it any
longer.
Second, a new price up
swing would compel the Federal
Reserve System to clamp down
on credit again in order to fight
the initiation. 1t would have
to put on the credit brakes, for
it has the responsibility of
using its powers to protect the
integrity of the dollar. 1t
would have to act aggressively
on this front to avert a run
on our dollar by foreign credi-
tors who finally whould be ut
terly disillusioned about our
ability to put and keep our fl
nancial house in order.
The outcome Of shrinking
markets for our goods and a
tight control on borrowing
could only be-depression.
We must not permit it to
happen, regardless of VIII a
events encourage it. What has
just occurred in steel gives me
even more confidence than I
had that we won't permit it.
distributed by The Hall Syndicate, Inc.
All Rights ReserveO
Evening star., 1962-04-19
Dividend to Be Paid
By American Realty

Stockholders of American
Realty Trust Co. have been in
formed that directors declared
dividend of 10 cents a share
at the regular quarterly board
meeting Tuesday.
The dividend will be paid
June l to holders of record on
May Is.
Income totaled $4,000 in
five months ended March 81
and net taxable income was
$46,463. After a dividend of 5
cents a share paid April 2, re-
tained earnings on March 81
tOtaled $40 .003.
Evening star., 1962-04-19
Curtis Publishing
Loss to Continue

PHILADELPHIA. April 10
tAP).-The Curtis Publishing
Co., publisher of the Saturday
Evening Post and Ladies Home
Journal. reports it will continue
to show a loss at least through
the second quarter of this year.
Robert MacNeal, president.
told Curtis stockholders yester-
day the first quarter of this
year would show "a substantial
loss" and in the second quarter
the loss will probably be
smaller" He said first quarter
figures would be released in a
few weeks.
Evening star., 1962-04-19

as executive neaO OF all COM
mercial activities, including
sales and leasing.
Mr.. West is a regional vice.
president of the Mortgage
Bankers Association of America
and also is vice president and
a director of Interstate Build
ing Association.
He is a director of National
Union Insurance Co., vic e
president and a director of
Mortgage Corp. of America, a
director of the Washington
Real Estate Investment Trust
and District Title Insurance Co.
He is a member of the Wash
ington Board of Trade and
the Metropolitan Washington
Homebuilders Association.
Mr.. Dodge is a director of
Weaver Bros. in the Washing
ton and Baltimore offices and
is director of Interstate
Building Association, Wood
ward & Lothrop, the National
Association of Real Estate
Boards, Columbia Title InSur-
ance Co.. Atomic, Physics and
Science Mutual Fund and
Shares in American Industry
Co.. Inc.
He also is a past president
of the Washington Board of
Realtors. and is active in the
United Givers Fund and the
Metropolitan Wa Shington
Board of Trade,
Evening star., 1962-04-19
Association Names
New Executive

Stanley E. Thompson has
been promoted to assistant vice
president of Arlington-Fa
Savings and Loan Association,
it was announced by David
Anderson. executive vice presi-
dent.
A resident of Fairfax County
since 1920, Mr.. Thompson will
serve as staff appraiser and
director of public relations
Evening star., 1962-04-19
Sales Gains Shown
By Bowl America

Sales of Bowl America, Inc,
totaled $685. 1897 in March, COM
pared with $224,488 in March
last year, reported President
C. E. Goldberg.
Sales in six months ended
March 81 aggregated $1,612,841
VS.. 81 ,037,014 a year earlier. The
firm opened its 18th center in
Alexandria, Va, last week end.
Evening star., 1962-04-19

NEW YORK. April 10 (AP).-Spot
nonferrous metal prices today: Copper
81 cents pound, Connecticut Valley.
Zinc lila cents pound, East st.
Louis. Tin 12194 a pound, New York.
Foreign silver .0l "a per troy ounce.
New York. Pittsburgh scrap steel No.
at 81 .0O-32 0A
Evening star., 1962-04-19
VEPCO Earnings Top
Year Auo in Quarter

Earnings of Virginia Electric
g. Power Co. were equal to 50
cents a share in the first three
months of 1862. compared with
81 cents a share in the CORE
spending 1861 period, reported
President A. H. Mcdowell. jr.,
at the annual stockholders
meeting yesterday.
Operating revenues of $48,-
355,000 for the quarter were up
8.5 per cent from a year ear
liar
Evening star., 1962-04-19

ployeeS Financial Corp. has
filed registration with the Sc
curitieS and Exchange Commits
sion covering a proposed offer
ing of 607,0 900 shares.
The company plans to offer
SAT $50 of the shares for sub
scription at $3.50 a share to
stockholders of GEICO and its
three affiliate companies
Transferable bScriptio o n
rights will be issued.
Evening star., 1962-04-19
Weaver Bros. Directors
Promote West, Dodge
To Executive Posts
BY DONALD B. HADLEY
Star Financial Editor

Directors of Weaver Bros have promoted Martin R.
West T to executive vice president and treasurer Car
ece Dodge T to executive vice president it announced
today by Edward K Jones' president and board chairman
Mr. West has been senior vice president and
will continue director executive head of the
banking department.
Dodge been senior vice president and will continue
Evening star., 1962-04-19
OVER COUNTER

Following prices furnished by the Ma
tional Association of Securities Dealers
IN washington represent the range within
which locally active securities could have
been bought or sold at IL am. Thurs.
day, April ~, 1852:
Evening star., 1962-04-19
TREASURY BONDS

NEW YORK (AP) Noon over the coun-
ter U. s.. Government Treasury bonds,
DId, asked, net change and yield for
Evening star., 1962-04-19
New GEICO Firm
Plans Offerinq

The newest affiliate of Gov
ernment Employees Insurance
Co., named Government En-
Evening star., 1962-04-19
AMERICAN STOCK EXCHANGE
Sales High Low 900 Chg.

ISSUES
Explained
Evening star., 1962-04-19
METALS

nus.
T-Partially tax exempt.
Evening star., 1962-04-19
Now Drug Wholesaler

AS volume of it's distribut-
ing business increased, the
company gradually disposed OF
its compounding operations ir
the 1920s. 1t is now exclusively
a drug wholesaler. the largest
IN Washington, with a fleet o1
Evening star., 1962-09-11

Rules Of the game: /. Words must be
Of four or more letters. 2. Words which
acquire four letters by the addition Of
IS" such as bats" cats" are not
used. 8. Only one form Of q word is
used. 4. Proper names are not used.
Evening star., 1962-09-11
WORD GAME
Find "a or more words in
r o S o r IA L
BEETLE BAILEY
GIL THoRP
THE JACKSON TWINS
BUCK ROGERS,

meaning "gnawing." Average
is 10 words. Time limit, 25
minutes.
Evening star., 1962-09-11
ADVERTISEMENT
ADNEhIlSEMEN
FALSE Teeth
That Loosen
Need Not Embdrross

Many wearers Of false teeth have
suffered real embarrassment because
their plate dropped, slipped or wob-
bled at Just the wrong time. Do not
live In fear Of this happening to you.
Just sprinkle q little FASTEETH.
the alkaline (non-acid) powder, on
your plates. Hold false teeth more
firmly, so they feel more comfort
able. Does not sour. Checks plate
odor breath. Get FASTEETH at
drug counters everywhere.
Evening star., 1962-09-11

Answer to MYsTAG0GY
mast, maggots, moat, most, Sago,
Smog. soya. soma, soggy. stag, stay,
stoma, stoa, stogy, stacy, toga, agog,
atoms, gamy, goats, cast, caty. ogan,
yoga.
Evening star., 1962-09-14
Horvord Reports Process
To Find Urinary Concer

CAMBRIDGE, Mass, Sept.
IA (AP).-An unprecedented
procedure for early detection
Of cancers of kidney and blad-
der, which is expected to save
many lives. was announced
yesterday by the Harvard
Medical School.
The test which, the an
nouncement said, ''can reveal
the presence Of cancer before
clinical symptoms become evi-
dent or, in many instances,
suspected" was developed in
the division of medical biology
of the Biophysics Research
Laboratory Of the medical
school at Peter Bent Brigham
Hospital.
The announcement described
the test as "the simplest pos
sible screening procedure" dis
closing any increase and ac-
tivity Of a zinc engine In the
urine Of presumably symptom
free persons.
Evening star., 1962-09-14

Urinary cancers are notori-
Gus for their silence or lack
Of evidence of early symptoms
and as a result, nearly so pei
cent are recognized only when
1t is too late for curative
therapy," the medical school
reported.
once suspected. the loca-
ton Of the cancer can be &C.
curately ascertained by pres
emily available techniques and
either removed surgically OF
treated by means of radiation
THE activity Of Tactic de.
hydrogenase GDH) in the
urine is not elevated beyond
normal limits in the presence
Of benign (non-cancerous) tu.
mors, but it is elevated ir
other kidney diseases as glo.
merulo nephritis, malignant
apprehension. lupus nephritis
Evening star., 1962-09-14
BroziI Prime Minister
And Cabinet Walk Out
Eiolence

side. There was no violence
however.
General Strike Threatened
Leaders of Brazil's powerful
labor unions have been threat
ening for weeks to call q gen.
eral strike should Congress
refuse to call a referendum.
Dante Pelacani, president OF
the National Confederation OF
Industry Workers. said labor
leaders would set q date for
the strike later today.
In Rio Grande do Sul's pro-
vincial capital Of Porto Allegro
home of both Mr.. Goulart
and Mr.. Brochado da Rocha-
pro-Goulart Gen. Jair Dantas
Ribeiro put his Sd Army on
the alert. Gen. Dantas RI
beiro telegraphed the War
Ministry that the plebiscite was
the only solution to the ma
tons problems.
Gen. Osvino A1ves. COM
mander Of the powerful 1st
Army in Ri0 de Janeiro, al
ready has announced his sup
port of Mr.. Goulart and the
plebiscite.
Mr.. Goulart also has the
backing Of Gen. Nelson de
Melo, Brazil's War Minister.
but Gen. de Melo cautioned
Gen. Dantas Riberio that any
military interference in politics
is a violation of national law.
Brazil's political crisis began
a year ago when Janio Quadros
resigned as President, saying
Congress had blocked his at
tempts to improve the nations
state Of perpetual economic
and financial crisis.
His vice president. Mr.. Gou-
lart, took over last September
but only after Brazil was
brought to the brink Of civil
war by military leaders who
charged that he was too far
to the left and favored Com
munists. The military opposi-
ton, headed by former War
Minister Odylio Denys. agreed
to let Mr.. Goulart take over
under parliamentary system
which vested the real power
in a prime minister and cabinet
responsible to Congress.
Evening star., 1962-09-14
COAL TAR FUMES
SEEN PERILOUS

ATLANTIC CITY, VI. Sept,
IA CAP. Fumes from hot
coal-tar pitch - often used In
surfacing sidewalks and in
many industrial operations
may be an overlooked source
Of lung cancer, a team Of Gov
ernment researchers reported
today.
In a report to the American
Chemical Society. the group
Of United States Public Health
Service scientists indicated that
the hazard. If any. would be
strongest for industrial ano
municipal. workers handling
such pitch-and for habitua
sidewalk superintendent" who
Evening star., 1962-09-14
BRAZIL: NATION OFF BALANCE
Whimsy Governs Alliance

Since last April Celso Fur
tado has formed a kind of mu-
tual admiration society with
these North American advisers.
Previously he had already
wangled 20 billion cruzieros
out of his own reluctant Con-
greSs. But in April the United
States Government formally
committed $131 million to a
two-year development program
which will also cost the Bra
lillian government another Sl45
million.
Celso Furtado's admiration
for President Kennedy is un-
abashed. He was deeply i'm
pressed during their meeting
in Washington at the White
House in July. 1861.
New Image of u. s.
your President is making a
new image Of the United States
here" he said. "He tells US him.
self that he is really interested
in such things as agrarian re-
form. Before the United States
was always associated with the
large landholders."
Mr.. Flrtado is deeply in
volved in a running battle with
local politicians who accuse
him Of either communism or
conservatism as the occasion
demands.
They do not like me because
1 control over so per cent Of all
federal funds spent in the
northeast now," he said. 81
have shut off much of the gov
ernment money they would
have used in their campaigns
for election in October"
But the more responsible
critics of Celso Furtado COM
plain he refuses to delegate au-
thority, so that the whole oper-
alton of SUDENE demands his
constant attendance.
Furthermore his critics say
that he has shown noticeable
lack of tact in handling the
nine state governors who sit on
the Deliberative Council of SU-
DENE.
Nevertheless, for all his faults,
this man it still the brightest
hope for the Alliance for Prog
resS in Brazil today. He has
succeeded in getting away from
the image of a United States
give-away to a concept Of gen.
uine cooperation between part
ners. And perhaps more i'm
portant, he is awakening large
numbers Of the younger gener-
alton in Brazil to the potential
tiles Of that partnership.
Evening star., 1962-09-14
Memorabilia Sought
From Civil War Era

RICHMOND, Sept. Il CAP).
Virginia Civil War Com
mission announced it win be
aided by the State Junior
Chamber Of Commerce In o
hunt for letters, diaries and
other Civil War-era documents.
The commission and the 81
local Jaycee chapters will con-
duct a campaign to encourage
Virginians to search attics and
cellars for any papers that
might be of value to Civil War
historians. Any documents
found viii be copied.
Evening star., 1962-09-14
Colorado Fire Levels
300 Acres in Forest

IDAHO SPRINGS, Colo,
Sept. IA (AP).-A forest fire
ragged yesterday on the heavily
wooded slopes Of 14,264 foot
high Mt. Evans, the Forest
Service reported. Nearly 800
men were on the fire lines.
A spokesman said the blaze.
had burned over more than 800
acres Of timber land in Arapaho
National Forest, and destroyed
much of Denver's valuable
watershed timber.
Evening star., 1962-09-14

like to watch outdoor work
projects.
Researcher E. Sawicki and
several colleagues Of the Health
Services Taft Sanitary Engi-
neering Center, Cincinnati, told
about it at the closing session
Of the society's 142nd national
meeting.
They said that air pollution
studies showed that coal-tal
pitch fumes contain Large
amounts" Of "polycyclic aro-
matte hydrocarbons" including
benzo-A pyrene. a compound
known to cause cancer in
animals"