davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-12-18
Air Force Cuts Costs
With Its Minutemon

used for Minuteman silos are
the bases for these estimates.
The average cost of con-
structing the eight-story deep
silos is $480,000. Fifty thou
sand tons Of steel from Ameri-
can Bridge have gone into the
$50 silos and their under
ground control centers. Much
of this tonnage was curved
reinforcing rods from two to
six inches in diameter.
Seventeen thousand miles Of
six-inch communication cable
were used to connect the silos
which are at least six miles
apart. It was laid underground
and inclosed under pressure
with "tin can" tinplate. 1t was
furnished by General Gable
Co. under German patents.
The 500th missile is reported
to cost $738,000, with $74,0O0
for spare parts. The average
for ground support equipment
and launching control, mostly
electronic. is $893.O00.
Much of the Minuteman
is manufactured in Utah. Boe-
ing is the prime contractor
and final assembler. Associate
contractors are Thiokol for the
first stage, Aerojet- General for
the second stage, and Hercules
Powder for the third stage.
The City-DestrOyers
The guidance system is made
by the Astronaut Division Of
North American Aviation. Avco
Corp. makes the re-entry
vehicle.
The one-megaton warhead
of the Minuteman appears
small when compared to the
six-megaton of the Atlas or
the eight-megaton Of the Ti-
tan. However, it is 80 times
as powerful as the atomic
bomb that flattened Hiroshima.
Evening star., 1962-12-18
YOUR MONEYS WORTH :
Crystal Balls
Cracked

We're now at the time when
economists look into their crys-
tai balls for guidance on 1868
predictions. The standard
forecast" so far is for a con-
tinuing modest rise in the
early months of the new year,
not sufficient to take up the
slack in employment or produc-
ton, but no serious downturn.
Could be right, could be not.
How the economy actually will
perform will depend on many
factors. At this stage, the most
one can make on taxes, world
crisis and a lot Of other funda-
mentals is a guess.
If ever there has been a year
in which the economists crys-
tai balls have been shattered,
it has been 1862.
First to crack were Washing
toms crystal balls. Even as the
White Houses experts were still
uttering their optimistic FORE
casts for 1862, the economy
was slowing down.
Failures Explained
Why did Washington's FORE
casts go so wrong? A highly
important answer is that the
optimistic projections were
based on the premise that busi-
nessmen would step up their
spending on inventories and
new plants.
This premise turned out to
be false. Instead of stocking up
heavily on inventories in the
expectation that customers
would be waiting in line to
buy, businessmen have adopted
exceedingly cozy inventory pol
icieS. The new computers are
helping them to maintain
much stricter control over in
ventories. Their awareness of
surpluseS and their eagerness
to hold down costs also have
been factors. Instead of rush.
ing to build modern plants in
anticipation Of big demands for
their production, businessmen
have waited for the demands to
appear and have only mod
erately increased spending on
new factories. At the heart of
this years sluggish rise has
been the disappointingly small
increase in business spending.
Second to crack were Wall
Streets crystal balls. Not even
the most pessimistic stock
market professional predicted
the market crash of May, 1862.
Why did Wall Streets fore
casts go wrong? One answer
is that while many investors
recognized that stock prices had
scared far out of line with
corporation earnings and they
had backed away from buying,
they didn't expect others would
act similarly. They forgot how
selling feeds on selling, under
Evening star., 1962-12-18
CHICAGO
LIVESTOCK

CHICAGO. Dec. rs CAP) (UsDA).-
Hogs, 1000: moderately active, butch
ers and sows about steady, late sales
butchers weighing over 23O lbs steady
TO weak shippers took around 80 per
10 butchers i7,25-If. so: Al head
mostly Is promising high yield OF lean
cut around 2l5 lbs 1873; mixed la
lOO-22O lbs lBG5-l7.25: 22O-24O lbs
lB.OO-i6,75; 2-3 24O-27O lbs 1880
1929. 27O-2O0 lbs ib.25-l5.5O: mixed
l-3 32O40O ID sows l32b-l4.5O: 4OO-
300 lbs l25O-l3.5O: 2-3 500-625 lbs
Cattle. 1000; calves. 100; slaughter
steers slow steady TO weak; some late
sales high good and below so lower
heiiers mostly steady, instances rs
lower cows fairly active, fully steady;
lots ehoiee llooo-l 400 70 slaughter
hiPh choice with few prime around
i,a25-l 400 lbs so sos few choice aOO-
i,i0O lbs 27.7b-2l. 90, including load
mixed good ana choice around I.15O
lbs At 27,5b. good 25.OO-27 90. few
standard 22.25-24 90; few head mixed
choice and prime. 1000 ID heiters
30 90. few loads choice s50-i ,O25 lbs
"a bO-2s.b0: part load mostly hlgh
choice 1850 lbs 2s.T5: good 2i.b0,
200; utility. and commercial cows
l3.75-iB.Ou. few 1925. eanners and
cutters 1890 ~ 90. few high Welding
cutters l425. utility and commercial
bulls lsbO-2l 90, cutters iH,bO-iN 90.
good and choice BnO-gOO III feeding
steers 235h.27 49, load medium 400
ID steer calves 23.75,
Evening star., 1962-12-18

bank would be offered at $40
a share.
A list of proposed directors,
in addition to Mr.. Bendheim
includes: Herbert H. Billowitz
attorney: James w. Blackburn
media broker; Marcus Cohn
attorney; Stanley Dreifus;
George A. Hates, insurance
executive; DR.. AL Hudson, ply
sician; Carl Lindberg, owner of
WPIK; Eleanor B. Nugent, real
estate broker; Henry Rau,
president of Station VOL; Ma
jor Gen. Harry H. Vaughan;
U. S. A. retired Edward A.
Woolf, Alexandria merchant.
Evening star., 1962-12-18
BY ALLEN M. SMYTHE
Contributing Writer

The Air Force, once regarded
by Congress as a prolific
spender on "gold-plated" weap-
ons, is now in lockstep with
Defense Secretary McNamara's
business viewpoint on weapon
values.
1t. Gen. T. P. Gerrity, top
AF materiel chief. explains:
For the first time in years
we are developing better and
simpler weapons at a fraction
Of the cost Of those they dis
place." Classic example is the
solid-propellent ICBM Minute
man missile now just becoming
operational.
Total cost Of 800 Of these
top priority weapons is ex-
pected to cost less than one
third Of the $40 billion for the
big cumbersome 231 liquid
fueled Atlas and Titan mis-
siles. Operational costs show
an even greater range. Fifty
Minutemen will be assigned
to a squadron whereas Atlas
and Titan Squadrons will con-
tain from 8 to IL.
SkybOlt Savings
Air Force officials are hope
full that the 1864 budget will
contain funds for another 800
Minutemen. Although uncon-
firmed by the Air Force,
top Pentagon fiscal experts be-
lieve this could be done easily
with the 50 billion saved by
cancelling the Skybolt air-to-
ground atomic missile.
Cost figures just released
show a rapidly declining cost
of these missiles and their in
stallations. Costs at the Malm-
strom AT base in Montana
and its 90-by-200 mile area
Evening star., 1962-12-18
Earnings

Caterpillar Tractor Co. in IL
months ended November 80
earned $58,052,688 or $2.11 a
share VS.. $52,310,023 or $1.90
in 1861 period.
Utah Cons. g. Mining in year
ended october 81 earned So
321,322 or $4.33 a share VS..
$9,774,151 or $4.54 in 1861.
Nelson Breweries in year
ended September 30 earned
$7,979,572 or $1.90 a share VS..
$7,6l4,855 or $l.81 in 1861.
Suburban Gas in IL months
ended October 81 earned
$2,253,764 or IS cents a share
VS.. $2,062,552 or rs cents in
1861.
NorthrOp Corp. in 8 months
ended October % earned $2.-
1877, 900 or So cents a share VS..
$2,033 900 or 49 cents in 1861
period.
Rubbermain, Inc. in year
ended September 80 earned ST.
592,274 or $1.04 a share VS..
$l,390,394 or 90 cents in 1861.
True Temper Corp. in 6
months ended October 81
earned $1.182,830 or S1.10 a
share VS.. $757,858 or 10 cents
in 1861 period.
Columbia Pictures in 13
weeks ended September 90
earned $577, 900 or "a cents a
share VS.. $1,242,000 or 76
cents in 1861 period.
Muntz, TV, Inc. in 3 months
ended November 80 earned
$331,235 or % cents a share
VS.. S336,340 or % cents in
1861 period.
Evening star., 1962-12-18

started with his family's firm
in 1881 and became president
in April, 1861.
He is a director and trustee
of the Greater Southeast Wash
ington Hospital Foundation, a
past charter president of the
Waldorf-B Bran DIVINE Lions
Club and a past deputy district
governor of Lions International.
He resides in Brandywine, Md.
Mr.. Yeatman, new vice presi-
dent, is a past chairman Of the
Audit, Control and Operating
Section of the District Bankers
Association and has served on
many committees of that or
ganization.
Mr.. Ewell, assistant vice
president, started with NBW in
1929 and since 1860 has been
manager of the Seventh Street
Branch. Mr.. Matthews is man
ager of the bookkeeping de-
partment and in 1850 Joined
the Hamilton National Bank,
which later was merged with
NBW.
Started Career in 1948
Mr.. Nader is a loan officer in
the credit department and
started his banking career in
1948. Mr.. Hickman has been
with the bank since 1858 and
supervises the accounting sec
ton of the trust department. |
Mr.. Schwarz Joined the bank
in 1949 and is serving in the
main office trust department.
Mr.. Rosenblatt came to NBW
in September this year after 80
years in retailing. He is a di-
rector of both the Better Busi-
ness Bureau and the Merchants
and Manufacturers Association.
Among the new assistant
Mr.. James has been
of the Naval Station
Facility.
Mr.. Chewing came to the
bank in 1851 and Mr.. Crawford
in 1856.
Mr.. Dudley started in bank
ing in 1851 and formerly was
with Anacostia National.
Women Officers Named
Miss Fout began her career
with the old Franklin National
Bank and is in the note de-
partment at the main office.
Mrs. Semerjian joined NBW
in l949 and is head note teller
at the Washington branch.
She also is editor of the NBW
staff publication, Bank Notes,
and treasurer of the Washing
ton Bank Women's Club.
| Miss Bowers started her
banking career with the old
Seventh Street Savings Bank.
She has been active in the
Women's Advertising Club and
was named Advertising Wom-
an of the Year" in 1859.
Mr.. Knowles Joined the bank
in 1855 while MIR. Eadany has
served since 1850. Mr.. Unver-
zagt has been in banking since
1943 and Mr.. Thompson joined
NBW in 1855.
Evening star., 1962-12-18
BY SYLVIA PORTER

estimated the attraction Of
simple savings accounts and
bonds in comparison with low
yielding stocks, didn't realize
the extent to which gamblers
had weakened the markets
foundation. Then came the
steel price crisis in April -
which no one could have pre-
dicted-the severe blow to busi-
ness confidence, and the
groundwork was laid for the
panic of May 20.
Cuba Showdown Cited ,
Third to crack were the crys-
tai balls Of business econo-
mists who concluded that the
sluggish economy and the
crash of stock prices would
lead us into recession by 1868.
Why have these business
forecasts gone wrong? A factor
here surely has been our sue
cessful showdown over Cuba in
late October, for this has sig
nificantly buoyed sentiment
and has helped send the stock
market sharply upward. Who
could have forecast the stand
President Kennedy would take
after proof of Russia's military
buildup in Cuba, the retreat Of
Khrushchev?
Forecasts on business in 1868
must be made. The White
House couldn't even submit a
budget without projecting prof.
its and paychecks and the taxes
to be paid on these. A manu-
facturer couldn't even begin to
plan production without esti-
mating his probable sales.
Thus, the annual economic
forecasting season arrives on
schedule-and this year stand
ard for the forecasts is re-
straint in both optimism and
pessimism.
Could be, could be not. After
gazing back on 1925 unfore-
seeables and peering ahead into
l963's unknowns, I'd suggest
that the crystal ball industry
go into all-out production
just in case it's another year
of shattered glass.
Distributed, 1867, by The Hall Syndicate,
Inc. All Rights Reserved)
Evening star., 1962-12-18
Yield Rises Slightly
On ol-Duy Bill Issue
BY the Associated Press

The Governments short-term
borrowing costs rose with yes
terday's weekly offering of
Treasury bills.
On $1.3 billion of 9l-day bills
the average yield was 1851 per
cent. The rate a week ago was
2.807 per cent.
Bids for the $500 million of
l82-day bills gave an average
yield Of 2.90l per cent. Last
week the rate was 1881 per
cent.
Evening star., 1962-12-18
BUSINESS
BRIEFS

National Steel Corp. and
Consolidation Coal Co. an
nounced they have reached
agreement to form a jointly
owned company to operate a
coal mine in Wyoming County,
w. Va.
Jewel Tea Sales Co. sales in 4
weeks ended December / to-
tailed $48, 5000 up 6.6%
from 1861; for A weeks ended
December $504,754,614, up
9.6To from 1861.
Evening star., 1962-12-18
So Million Order

CHICAGO, Dec. l8 (AP).-
The Santa Fe Railway an
nounced it has ordered So mil
lion worth Of passengers cars
as part Of its $40 million mod
ernization program.
Evening star., 1962-12-18
Curtis Added to Board
OfNBW and 18 Receive
Officer Promotions
BY DONALD b. HADLEY
Star Financial Editor

Directors of National Bank of Washington today elected
Harry L. Curtis prominent Anacosta businessman director
and authorized ID staff promotions including
dent three assistant vice presidents trust officers
Mr. Curtis president of Curtis Brothers, large Anacosa
furniture company and late j. Raymond Pyes
the board
Mllard S. Yeatnan promoted from senior auditor to
Evening star., 1962-12-18
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 ] pm. Tuesday,
December 10, 1852:
Ranks and Inaurancs rounnnnI..
Evening star., 1962-12-18
TREASURY BONDS

NEW YORK (AP)-Noon over the
bid, asked, net change and sield for
Evening star., 1962-12-18
AMERICAN STOCK EXCHANGE
Sales High Low 400 Chg.

F" III S: Notes s foo@I M @ sIgSa' YS i sSs 5
The Republican. [volume] (Oakland, Md.) 1877-current, 1962-03-01

ing pensions to past governors.
That is the filing deadline for
candidates for governor, past. pres
ent or prospective The legislature
is due to adjourn three days later.
In a more favorable vein the
House approved and sent to the
Senate five bills granting tax eX-
emptions to farmers, bulk deposit
tors in savings and loan assOcia-
tions. certain retired government
employees and food sales by nor
profit organizations.
The House also endorsed pro-
claiming jousting as the official
sport of Maryland. The tussle over
whether more signatures should be
required to force a legislative act
on the ballot has to go through one
The Republican. [volume] (Oakland, Md.) 1877-current, 1962-03-01

more test in the Senate A defeated
amendment would have eliminated
the provision that one fraudulent
name on a petition invalidates them
all.
AS it stands now about 23,000
signers would be required. Under
existing requirement of 10000, at
tempts we're made to petition six
acts of the 1861 legislature to refer
endum and two definitely succeed
ed.
The batch of tax exemptions sent
the Senate by the House would: al
low farmers an exemption of $500
from the income tax on both their
implements and livestock; permit
share holders in insolvent savings
and loan associations to report divi-
The Republican. [volume] (Oakland, Md.) 1877-current, 1962-03-01
Preston County Girl
Killed Instantly In
Car Mishap Saturday

An automobile ran out of control
onto a sidewalk in Kingwood, w
Va, last Saturday evening and
struck and killed a l3-year-Old girl
and injured her companion.
Lynda Joyce Jones, daughter OF
Mr.. and Mrs. George Jones, of
Kingwood, was killed instantly
when the car left Main street and
struck her and a companion. The
other girl. Donna Griffin. ID. was
taken to Preston Memorial hospital
but police said her injuries were
not serious.
Police attempted to determine
he cause of the accident The drive
of the car was identified as Mrs.
James Mersing. of Kingwood. oper-
atng 1860 Rambler station wagon.
Mrs Mersing was in a state of shock
Immediately after the accident and
was under the care of her physician.
She was former resident of Crel-
lin.
Sheriff Ralph ~ Brown said the
car apparently was being moved
from one parking space to another
when it struck parking meter. 1t
then went out of control, knocked
over two meters. struck the two
girls who we're walking on the side
walk. hit the side of the Preston
County journal building and finally
stopped on the lawn of The Inn
botoI
The Republican. [volume] (Oakland, Md.) 1877-current, 1962-03-01

recreation room; Circle 4, Mrs John
Wolf, leader, in the Searchcr's class
room.
Slides accompanying the artifacts
from the Palestine Institute If
Archaeology of the Pacific School
of Religion Berkeley, Calf, will be
shown following the business ses-
sion to all the circles in the Fellow
ship Hall, These artifacts were on
display at the General meeting of
the w. S. c. S. in the Fellowship
The Republican. [volume] (Oakland, Md.) 1877-current, 1962-03-01

Hall on Wednesday evening, Feb
ruary 81, at which time the Rev.
Lawrence Sherwood lectured on
the items displayed.
Hostesses for the evening are as
follows: Circle l, Mrs. b. f. SclbJ,
Mrs. Robert Ault and Mrs. Russell
Smith; Circle 2, Mrs. Richard l..
Davis and Mrs. Edna Ruff; Circle
3. Mrs. Wayne Hamilton and Mrs.
william Naylor; Circle a. Miss Ro-
berta Cooley, Mrs. Betty Morrill,.
The Republican. [volume] (Oakland, Md.) 1877-current, 1962-03-01
WSCS Circles To Meet

The four Circles of the W. S. c.
S. of St. Pauls Methodist church,
Oakland, will meet on Wednesday
evening, March 7, at the church fol-
lowing the Lenten service
The business portion of the mee.-
ings will be held as follows: Circle
l, Mrs. 5. r. Naylor, leader, in the
Harmed class room; Circle 2, Mrs.
Hazel Bowling, leader, in the recre-
alton room; Circle 3, Mrs. Mildred
Ashby, leader. i'll portion of the
nlngs, Emmanuel Lutheran at Bit
tiger and the Jennings Methodist.
Mrs. Clarence Winkler will be
the speaker. Mrs. Jonas Beachy is
chairman. The public is invited
The Republican. [volume] (Oakland, Md.) 1877-current, 1962-03-01
Assembly Kills
Number OF Issues In
Present Session

An administrative supported
move to require more voters %
challenge a Maryland law was kept
alive this week but several other
important subjects we're killed for
the 1862 legislative session.
Committees turned thumbs down
on proposals to revise Maryland's
234-year-old law against business
on Sunday. to increase the filing
fee for candidates, for compulsory
inspection of motor vehicles and
extension of the states right to
claim abandoned money.
Senate committee action also was
postponed until March on grant
The victim died instantly. Con-
siderable damage was done to the
vehicle and a window was broken
in the Journal building.
No arrests were made pending
additional investigation.
The funeral was set for Tuesday
afternoon. She was born November
2. 1913, at Brett, and was men,
Der of the cub church. Surviving
in addition to her parents, are a
sister, Pamela Jones, at home; three
brothers. James. George and Gary
Jones. all at home; paternal grand
mother. Mrs. Anna Jones, King
wood; maternal grandparents, Mr.
and Mrs. Franklin Boring, King
wood.
The Republican. [volume] (Oakland, Md.) 1877-current, 1962-03-01

dcnds or interest only if they ac-
tually are paid exempt $1,000 of
pensions of certain retired govern
ment employees from the income
tax; exempt from the sales tax food
bought from volunteer fire COM
panies. rescue squads, veterans or
CARNATIONS and non-profit civic
organizations.
The Republican. [volume] (Oakland, Md.) 1877-current, 1962-03-01
Prayer Service, North Glade

There will be a World Day of
Prayer service at the North Glade
Methodist church on Friday eve
ming. March 8, at 745. The partici-
pating churches will be the Bear
Creek Church of the Brethren, the
Glade Mennonite, Maple GroYe
Brethren, Zion Lutheran at Jen-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-19
BY CECIL HOLLAND
Star Staff Writer

Two top World War II com
manders have told Senatt
"muzzling" investigators tina
statements by military mer
must be in accord with deci'
sions of civilian officials.
Fleet Admiral Chester w
Nimitz and Gen. Omar N
Bradley gave their views ir
statements released by the
SENATE Armed Services Pre-
Iparedness Subcommittee.
The subcommittee resumed
Its inquiry with two Pentagon
speech writer's as witnesses in
an afternoon session.
Admiral Nimitz said a mill
tary officer should be guided
by the policies and general in
structions established by higher
authority" which leads upward
Ito the President as Com
mander-in- Chief.
Gen. Bradley told the SUBJ
committee that civilian Off
Gals should use the knowledge
and experience Of military
men in reaching decisions.
after an important decision
is made" Gen. Bradley con-
tinued, II believe everyone in
the Government-and this in
cludes service officers-should
support it I have particu-
lar reference to matters in
volving military affairs or for
eign affairs"
Both Admiral Nimitz and
Gen. Bradley said military Off
GERS should be free to answer all
questions in testimony before
congressional committees. The
admiral added that officers
however, Should not maneuver
or conspire to plant questions. u
Both said that military Of
ficers could be used effectively
in alerting the public to the
dangers Of communism. But
they emphasized that this
should be done in accordance
with established policies.
Today's witnesses were 1t.
Col. F. A. Smith, jr., a speech
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-19
Nimitz, Bradley Back
Civilian Rule on oIks

writer for Army 1t. Gen. Arthur
G. Trudeau, and Comdr. S. r
Overall, jr, who wrote speeches
for Admiral Arleigh A. Burke
retired Chief of Naval Opera.
tons. Both Gen. Trudeau. who
heads Army research and de-
velopment, and Admiral Burke
encountered difficulty with
Pentagon censorS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-19
Sorority Election

Mu Phi Epsilon musical
sorority will meet at 8 o'clock
tonight in the home of Mrs.
robert E. Healy, 1874 budding
;on place Sc. Officers will be
elected.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-19
Legislators Slate
Mexico-U. S. Talk
By the Associated Press

A group Of Mexican parlia-
mentarians will visit Washing
ton in May for discussions with
members Of the Congress on
problems involving the two
countries.
A joint announcement by
Senator Sparkman, Democrat
Of Alabama, and Representative
Saund, Democrat of California,
said the second Mexico United
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-19
ADVERTISEMENT.
Torture
Stopped like Magic

Here's blessed relief from tortures Of vaginal
itch. rectal itch, chatting, rash and eczema
with an amazing new scientific formula
called LANACANE. This fast.acting, stain
less medieated creme kills harmful baeteri.
inhamed skin tissue. Stops Something's
speeds healing. Don't suffer another minute,
Get LANACANE today at all drug stores.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-19

States Interparliamentary Con-
ference has been tentatively
scheduled for May 14-l7.
The Washington meeting,
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter., 1962-04-06
WANcHEsE isUPERETTE
BIG OPENING SALE
FRIDAY AND SATURDAY

Free dolls, balloons, suckers,
footballs and groceries will be
given away at the grand open
ing sale of the Wanchese Super
|ette, which opened for business
4 weeks ago. Mrs. Gloria John
son, owner of the store, has
stated that so bags of groceries
will be given away to customers
on Friday afternoon and all day
Saturday to herald the stores
big sale.
The Wanchese Superette's
give-away program also enables
customers to buy 6 soft drinks
and obtain another six free dur
ing the gala two-day spree. Mrs.
johnson stated that all kids
shopping with parents will re-
|ceive free balloons and suckers,
for as long as the supply lasts.
At $3.50 pm. on Saturday
more prizes will be given away
at a drawing to be held in the
store. The new market will fea-
ture a complete line Of meats
and groceries. ''We want to be-
come known as the friendliest
store anywhere,1 Mrs. Johnson
has said.