davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-12
AUTHORIZED DEALER
1929 22nd ST. NV FEE 7.2R0

CADILLAC 1919 4-dr.: r. and h.
running condition: S125 or best
CADILLAC SO 4-dr.; $3.50. Cal
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-12
AUTOMOBILES FOR SALE

PONTIAC so 4-dr. sedan Catalina !;
Pa. ave: Sc. Est. 1928.
PONTIAC '58 Star Chief 2-door
power steering and brakes; baby;;
blue finish with white top, Wv.
tires. matching interior. Really
immaculate and ready to 60.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-12

ETLLMAN 80 2-dr. station wagon
2-tone. heater: $685..
WILLIAMS & BAKER
29th and N SITS. NV. Ho. 2-S7OO
INTERNATIONAL SCOUT 1862
NOW AvArLABLR BOB MUIR
RAYS AMI SALES. | blk. off
S Gem; ave; ct Plysrs Mn r.. Ken;
N. Y. ave. NV, Elk. 3.4744.
JAGUAR SO "a litre: beautiful
gray finish 4.speed trans: can
MAJOR IMPORTS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-12

AUTHORIZED DEALER
1922 22nd ST. NV. FE. $4,000
CADILLAC $50 convertible: white
full power, excellent condition
very clean: special. S2,995.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-12

LLOYD '5s station wagon: sun.
wise good cond. S15O. so. S-065S
MGA SO roadster; with wire wheel.
and aluminium window frames
after 4 pm, 703-437-29S6.
OPEL 1861 2-dr.: new eond., low
mileage, =. and b.; S1,650. KE
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-12

NEUTRALITY-SUSPICIOUS.
2427 Reedie Dr., Wheaton
10 4.2oAu
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-12

OPEN EVENINGS UNTIL 8 PM.
Suburban Cadillac-OldS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-12

CHEW. 81 Impala VS. spts. sedan,
the 4-door hardtop: power steer
ing. automatic transmission. ra-
az di,}.t nea e ad rs white and imma-
AkerS OldS. Cadillac Co,
HARRINGTON SHOPPING CTR"
Ov. 3-035O-ALEXANDRIA
CHRYSLER go Windsor 2-door
hardtop: toraueflite, power steer
ing. e., brakes =. and h.: beautiful
eiaI at sS,6S5. e. p "e 8. dIar sIs-
tee. Small down payment. pay
ments at bank.
L. P. STEUART, INC.
1440 P ST. NV. DE. 2-48OO
COMET '62 custom 4-dr. sedan;
miles. IA. s-6S4i. ~'"'o A'''
COMET 81 2-dr. sedan; r. and h.,
extra clean, low mileage; today's
special, 81 ,595. LEE B. BUTLER
III 21st St. NV. FE. 7-3245.
COMET go Gust. 4-dr.; spotless
cond. inLout; auto. r. and h., etc
only 10, 5s1 mi: S1,4s5. terms.
hlEk MOCOr 20.
1000 Ga. Ave. NV. Ia. $4,000
CONTINENTAL '58 conv: wbjts
with white top. fully equip, extra
clean. low mi; Si.9S5 LEE d
5sgoboLLER' 1l21 21st st. NV, FE
CORVETTE '56; 2 tops. new fires
stand. shift. Corvair '62 Mona
1uily equipped, with 4 speed, low
MI. IKE new. 30. 1881,
CORVETTE '62 convertible: white,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-12

CADILLAC 1859 hardtop coupe;
Yilie seyllns :'s spiec as, ss.ss5 ~
OPEN EVENINGS UNTIL 8 PM.
Suburban Cadillac-Olds
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-12

black; factory air Conditioned
fully s9uip,pg.sd; !. excellent a condi-
Capitol Cadillac Odds Co.
AUTHORIZED DEALER
1879 22nd st. NV. FE. $4,000
CADILLAC go Sedan de Vile
blue and white; air conditioned
fully equipped: very clean; special
S3.795.
Capitol Cadillac Olds Co
AUTHORIZED DEALER
1929 22nd st. NV. PE. $4,000
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-12

CORVETTE $50; 2 tops, new tires,
FULLY equipped, with 4 speed. low
MI, IKE new 20 1.9rS1 ~"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-12

AUTHORIZED DEALER
1922 end ST. NV. FE. $4,000
CADILLAC 1851 convertible; Bris-
toll blue, full leather interior. GIN
air conditioning. ETC.; immacu.
lsss T TSkN1Mc,s Sr lis, $t'5sS
Suburban Cadillac-Old lids
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-12
UNITED AUTO

new. large selection: ST $50. S1os
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-12
AUTO

PEUGEOTs "4O3s': brand new,
no o eh9 Pos tro SSh e SaTn ss ssr
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05

and the annual rate Of personal
income was up $50 billion.
Thus. despite higher taxes
the base is laid for sustained
Improvement in retail trade
Merchants look forward hope
fully to q good Easter selling
season." the bank added.
Preliminary estimates put
the GIMP for the first quar-
ter Of 1862 at a seasonally ad-
justed annual rate near $3.50
billion, up So billion from the
previous quarter. Although be-
low many expectations, this still
is 52 per cent ahead of the
1921 billion realized in all OF
1861. The assumption is gen.
eral that the national produc-
ton will expand further as the
year progresses.
BEST news Of the month was
the disclosure on March %, that
steel wage negotiators had
reached tentative agreement or
a two-year contract which
would leave wage rates un.
changed for the first year
though subject to reopening fol
the second year. Settlement or
these terms will contribute sta.
bility not only to steel EN-.
ployment, but to the economy
as a whole"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05
DIGS Members
Name Directors

James Cecil of the Wheaton
Super Market, Louis Lipsic of
the Minnesota Market and Abe
Zemil of the Potomac Super
Market were elected for two
year terms as directors of
District Grocery Stores, Inc.
at the recent annual meeting.
Elected for one-year terms
were Ruben Chaser of Chasen's
Market. Sid Kottler of Shank
mans Market, Frank Zeitchik
Of the Chastleton Market, Sam
Epstein of the Normandy
Market, Burnell Goodman o.
the Carolina Market, Leor
Rochkind of the Hi-RitZ Supel
Market and Seymour Fromn
Of the RoSemont Park Market
Henry Noon of the Pantry
Market will continue as DIGS
president for another year
Other officers include Francis
M. Hawkins, jr. of Olney Foods,
vice president; Louis Shank
man of Berkshire Food & Drug,
second vice president; Jerome
j. Litvin of the Western Mar
ket, treasurer; William Paul of
G & G Market. secretary. Con-
tinuing as directors are Sol
Brody of Eastview Super Mar
ket and Jack Gallum of G s. G
Market.
Organized al years ago, DGS
is the largest group of indie
pendent retailers in the WASH
ington metropolitan area.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05
Information Asked
On Member Trudinq

Forms are being mailed to all
member organizations of the
New York Stock Exchange and
members not affiliated with the
organizations to obtain infor-
nation about members trad
ing for their own account.
Milton H. Cohen, director of
the special study Of the Sc
curities markets by the Secur-
tiles and Exchange Commission,
is sending out forms designat-
ed as EX-2 and EX-3 to around
600 member organizations and
400 not affiliated with the Or
CARNATIONS.
Data is sought about trad
ing initiated off the floor but
executed on the floor of the
exchange. This kind of trad
ing accounts for around 10 per
cent Of the volume. Completed
forms are to be submitted by
April %.
The QUESTIONABLE asks data
as to total trading initiated off
the floor for members own &C
counts, in all stocks listed on
the exchange for the three one
week periods ending respective
ly. January 81, March "a and
June 16, 1861. For the same
weeks the special study is an
alyzing trading information Of
all floor traders on the New
York Stock Exchange.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05
GNP Estimates Sliced ,
But Good Year Is Seen

Many seasoned observers are
ready to conclude that the $50
billion forecast of the 1862 gross
national product, which under
lay President Kennedy's projec-
ton Of Treasury revenues, will
fail to be realized and that the
narrowly balanced fiscal 1868
budget will be thrown into red
ink, reported the First National
City Bank Of New York in its
monthly review yesterday.
"Forecasters who put down
the biggest numbers for the
1862 gross national product are
shaving their figures" the bank
reported.
"At the same time, some
further increase in Federal
spending seems to be in pro-
spect. The persistence of long
term unemployment led Presi-
dent Kennedy on March 26 to
request 5000 million more for
public works." the review
pointed out.
Businessmen, while under
standably wary, are still basil
cally optimistic. as indicated by
gradual enlargement of plans
for new capital investment. In
February employment was up
IL million from a year earlier
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05
ASGT and Athlete
Show Larger Profit

units now outstanding. Units
include one share of each COM
pany and are stapled together
for trading purposes.
Operating income of the COM
pany and its affiliate totaled
SIS, l47 ,698 in the three months
compared with $4,628, 504 in the
same 1861 period. Operating
income before income taxes
was $2.092 $40, compared with
81 ,901 ,292.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05
Gains Listed
By American
National Bank

Deposits and assets of Amer
lean National Bank in Silver
Spring ended the first quarter
with gains Of 80 per cent from
a year ago, President Warren
H. Lasher reported today.
Deposits totaled $34.451 1874
on March 30. compared with
$26,177,260 a year earlier. AS
sets amounted to $38,143,976
VS.. $2S.S6S,212.
Loans and discounts totaled
$19.8 million at the end Of the
first quarter this year as COM
pared to $751; million a year
ago.
Capital funds totaled $685.
939 for the current date as
against $2,208,62
During the first quarter, a
semi-annual dividend of 70
cents per share was paid, to-
falling $59,500.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05
Auto Sales Up;
Chevrolet Sets
1-Month Mark

DETROIT, April S (AP).-
The auto industry has reported
sales close to the 600, 900 mark
during March, for the highest
monthly sales total in the 1862
model year.
Chevrolet said yesterday its
dealers sold more passenger
car during the month than
any other company ever has
sold in any month. Chevrolet's
total of the month was re-
ported at 197,750 cars, bringing
its first-quarter sales total to
512, 138, also a company record.
American Motors reported a
company record for March in
sales last month, selling 5,402
Ramblers. Americans volume
during the final 10 days Of the
month"; 46-was the high
est for any To-day period In
the firms history.
Cadillac said it experienced
its best business in two years
in the final 10 days Of March,
while its total sales during the
month-l3,941-were up 4 per
cent from a year ago.
Chrysler Corp. said its March
sales were up some 6 per cent
from a year ago, with 57,340
units sold.
The Pontiac Division of Gen
eral Motors said its sales hit
their highest mark in nearly
seven years and were the third
best for any month in Pontiac
history. The total was 5l,041
units, including both the stand
ard Pontiac and the compact
Tempest.
The Ford Division Of Ford
Motor Co. said March sales
totaled 132.300 cars, second
only to March. 1855. First
quarter sales of 342,100 were
about $4,000 units ahead of a
year ago.
Studebaker said preliminary
totals indicated March sales of
more than 10000 cars, highest
in two years.
Oldsmobile said its first
quarter sales of 1924 cars
ran AZ per cent above the first
three months of 1861 and that
its total of 18,775 cars in the
final 10 days Of the month was
the highest for any To-day
period since September, 1855.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05
Savings Bond Sales
Behind Redemptions

Sales Of savings bonds Jagged
behind redemptions in March
for the third straight month,
the Treasury announced.
March sales of Series E and
H bonds totaled $374 million.
This was IA per cent less than
the $435 million sold in March,
1861. Redemptions Of 1896 mil
lion were 4 per cent below $4l6
million a year earlier.
In the first three months of
this year redemptions amount
ed to $1.3 billion and sales $1.2
billion. In the same period last
year, sales totaled $1.3 billion
and redemptions $1.2 billion.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05
Washington Gas
REGISTERS Issue

Washington Gas Light Co
yesterday filed application with
the District Public Utilities
Commission and the State Cod
poration Commission of Virgin
ia for approval of a proposed
offering Of 10000 shares of
cumulative serial preferred
stock without par value.
Registration statement also
was filed with the SEC for the
SIS million offering, for which
plans were announced at the
recent annual meeting.
The offering will be made
through an investment bank
ing group headed by First Bos-
ton Corp. and Johnston, Lemon
& Co. The offering price, div
idend rate and terms will be
announced later.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05
Telephone Holding
Company GROWING
Independent Telephone Corr

Independent Telephone Corp,
a telephone holding company
with headquarters in Washing
ton, had revenues of $A791, 172
in 1861, compared with $780,
745 in 1860, including revenues
of companies acquired during
the year.
Net income before adjust
ments and preferred dividends
was 1924. 842 VS.. sos, $50 for the
company and acquired subsidi-
aries in the previous year. Net
for common stock was $186, 621
or Is cents a share VS.. $168,771
or 80 cents a share.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05
PEOPLE
BUSINESS

Don S. Burrows, former con-
troller of the Atomic Energy
Commission. has joined the
Martin Co. in Baltimore in an
executive position. He is 9
resident of Bethesda.
Frank B. Getlein, art critic
Of The Star, will be one Of
the judges for the annua
Painting Of the Year contest
Of Mead Packaging Division Of
Mead Corp.
Norbert C. SchnaubeIt has
become military products divi-
sion representative for Frue-
hauf Trailer Co. in this area
and Southeastern States.
Miss Dorothy Stanford has
returned to the Shoreham Hotel
as representative of entertain
ment room and banquet sales.
Robert F. Magill, formerly
with the Treasury here, has
been named assistant treasurer
Of General Motors Corp, effec-
tive May /.
Ray Bates, Washington in
terror designer. received an
award recently from the Lees
burg CVa.D Chamber of Com
merce for his work in that
community.
George M. king, who has
been customer relations man.
ager for Land-Air, Inc, a sub
sidiary of Dynalectron Corp,
has been transferred to man
ager of market development for
Air Carrier Services, another
subsidiary.
Theodore Jordan has become
Government sales representa-
tive for ultra high-power ultra
sonic cleaning equipment of
Westinghouse Electric Corp.
Robert F. Allen has joined
Revere Furniture and Equip
ment Co. as head of the new
office equipment division.
Allen C. Trainer has been
named senior technical editor
of General Kinetics, Inc, of
Arlington.
Lewis Tagliaferre has been
appointed sales engineer in
charge of microwave market
ing activities of Sanders AS
sociates. Inc. in Southeastern
States.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05
YOUR
MONEYS WORTH
How Much Does Your Broker Know?

There are fly-by-night sales
men of stocks operating today.
They are unframed, incompe-
tent or. worse, crooks. If you
let them handle your invest
mentS, your funds will disap-
pear.
If, however. you use common
sense and pick out a reputable
brokerage firm, the odds are
that the man or woman ham
ding your account will be a
professional. He'll be educated
in every phase of the securities
business. He will have passed
a stiff exam qualifying him to
be a registered representative"
of the brokerage firm and to
advise you on your purchases
and sales. He will be under
the scrutiny of the firms part
ners and of organizations de-
termined to raise the standards
and ethics of all connected with
Wall Street"
Never has there been so con-
certed a drive by leaders of
the securities business to i'm
prove the training of statesmen
and analysts of securities-and
for good reason.
SEC Investigating
The Securities & Exchange
Commission is investigating the
stock market. 1t is focusing
much attention on the train
ing of employees of brokerage
firms. Recent shocking dis
closures about the low calibre
of many part-time statesmen of
mutual funds, particularly,
have spurred responsible brok-
ers and their organizations to
try to correct the situation be-
fore the Government cracks
down. The fact that there has
been an upsurge in investors
complaints about their transac-
tons with brokers - the New
York Stock Exchange alone re-
ceiyed 1900 in 1861, double the
number in the previous year
is a warning to the securities
business.
The important point to ap-
preciate is that, If you'll only
do it the easy way and deal
with a broker who is compelled
to meet the highest standards
now set, you can have consid-
cradle confidence that he is in
formed and ethical. When he
makes mistakes, they'll be err
rorS OF Judgment rather than
of ignorance.
Consider, for instance, the
requirements which registered
Representatives of New York
Stock Exchange member firms
must meet. There are 30,62s
of these representatives today
up 88 per cent since 1855, anc
loo of them are women. Nom
is a part-time worker.
First, each applicant must &c
through a Six-month appren-
ticeship: Some go to school
lfull-time for four months of
this period, getting 300 to 400
hours of classroom instruction.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05
Harvester Shutdown

NEW YORK. April S (AP).-
The international Harvester
Co. plans closedowns of two
to five weeks in plants of its
construction equipment divi-
sion beginning October l..
About $500 workers are af-
fected by the move, which
Harvester said is necessary to
balance inventories of finished
goods.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05

Net operating income Of
American Security g. Trust Co.
and its affiliate, American Sc
curity Corp. amounted to
$989.430 or $3.50 per unit in
the first 1862 quarter, reported
Robert C. Baker. president of
both organizations. yesterday.
The quarters results COM
pared with 5000 ,203 or $1.37 per
unit, adjusted to the $50, 900
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05
Lebherz Associated
With Dupont office

James E. Lebherz has become
associated with the Washing
ton office of Francis I. DUPONT
& Co., Nationwide brokerage
firm, as a registered represen-
tative.
Mr.. Lebherz has been in the
investment field since 1858 and
previously was with c. j. De-
vine & Co. in Washington and
in New York.
He is a graduate Of George
town University and the Grad
uate School of Business Ad-
ministration at New York
University.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05

reduce tax rates by taking
advantage of the reserve con-
tribution provision. Letters
notifying these firms of their
situation went out today from
the board, he said.
A number of other provisions
in the new law will help to
keep down payments. he said.
These include limitations on
the practice Of filing claims in
two different years without in
tervening employment. An
other is the deduction of GER
tain pensions from payments.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05


ropolitan Washington Board
Of Trade.
The changes were incor-
porated in public Law 87-424,
which was signed last week by
President Kennedy, and will
increase maximum weekly COM
pensation for the jobless to
$48 a week from a previous
top limit of $50 a week. It also
increases the duration Of pay
ments to "a weeks from rs
weeks.
Mr.. Gunther, who is preSi-
dent of Security Bank, re-
ported the law permits certain
employers, who have been in
business three to four years,
to reduce tax rates by increaS-
ing reserves with the District
Unemployment Compensation
Board within 80 days after the
fixing of their tax rates for
the new year.
Have Until April 80
As rates are fixed on March
81, qualifying employers have
until the end Of April to in
crease their reserves.
Any employer who meets the
experience qualifications and
therefore can qualify for a rate
lower than 81 per cent may
be able to get a lower rate un-
less the firm already has the
minimum rate of i of one per
cent Of payroll.
Mr.. Gunther also emphasized
that since claim experience of
each employer affects the in
dividual tax rate, it is to the
firms advantage to keep claims
as low as possible.
with the increased bene-
fits voted by Congress it be-
hooves employers to carefully
observe all of the safeguards
provided them in the law
against unjustified benefits, {"
he declared.
Particular attention should
be given the necessity for
prompt forwarding of separa-
ton reports within 48 hours,
when employees are separated
for any reason, ana especially
when an employee is separated
by reason Of misconduct, quits
voluntarily or leaves perma-
nently or temporarily because
Of pregnancy" he added.
ALSO the board should be
notified If the employer offers
to re-employ the former en-
ploye in suitable work and he
refuses" Mr.. Gunther pointed
out that Byront T. Hayden is
chief Of the registration and
rates section of the board and
can advise business firms as
to their tax rates for this year.
/ Offsets Provided
: Edgar L. Lickey, executive
I, director Of the board, pointed
out number Of ways in which
the new law has provided off
sets to increased benefits.
In addition to the voluntary
contribution provision, the law
provides a relaxation of the
reserve ratio by L Of per
cent. This automatically takes
a little off each individual
, rate.
All Of the income from the
boards trust fund Of $50 mil
. lion now will be prorated
among active and inactive en-
ployer accounts. Previously only
half Of this income was cred
tied. In effect, the income
which came from funds con-
tributed by firms now out of
business will be available.
Mr.. Lickey said around 1000
. District employers of a total
OF around $4,000 will able to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05
Value Engineering
Stockholders to Meet

Stockholders Of Value Engi-
neering Co. will meet at the
Marriott Motor Hotel, Twin
Bridges, at 10 am. on Satur-
day, April 81. it was announced
by President j. B. Toomey.
The company had an accum-
ulated deficit Of $21.597 from
operations at the end of 1861,
but President Toomey predicted
that gross revenues S h ould
reach $425 900 in 1862 with
profit running between 5 and
10 per cent of this.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05
Employers Can Limit
Unemployed Toxes by
New D. c. Provision
By DONALD b. HADLEY
Star Financial Editor

Much attention has been paid to additional benefits
vided for the unemployed by the District Unemployment
Compensation law but little has been said about provisions
to aid employers they to take advantage of them
This pointed out today by Frank A. Gunther. chair
Of the Employment and Security Committee Of the Met
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-05
OVER COUNTER

Following prices furnished by the Ma.
tional Association Of Securities Dealers
which locally active securities could have
been bought or sold at pm. Thurs