davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
Earnings

Tennessee Gas Trans. in year
ended May 81 earned $70,302,-
373 or $1.55 a share VS.. $50, 1885,
985 or $1.31 year before.
Peoples Gas Light & Coke in
year ended May 81 earned
$30,504 ,3S9 or $2.59 a share VS..
$26, 907 ,028 or 1929 year before.
Curtiss- Wright Corp. in 6
months ended June 80 earned
SIS, 200, 900 or go cents a share
VS.. $3,706,564 or Al cents in
1861 period.
United Illuminating Co. in
year ended May earned
Sc, 243,05 or $1.91 a share VS..
IS. 552.066 or $1.69 in 1861
period.
KelSey-Hayes Co. in 9 months
ended May 81 earned $4,330, 040
or $3.50 a share VS.. $780, 31
or $l.6l in 1861 period.
National Tea Co. in "a weeks
ended June 16 earned $3,783, 025
or So cents a share VS.. $4,000
$50 or 81 cents in 1861 period.
Stanley Warner Corp. in 80
weeks ended May 26 earned
$2,257 ,588 or Sill a share VS..
1885, ATT or $l.62 in 1861
period.
Grand Union Co. in 13 weeks
ended June 2 earned $685. 8e
or 18 cents a share VS.. $l,822,-
020 or 38 cents in 1861 period
LOngines- Witnauer Watch ir
year ended March 81 earned
$500, 900 or $1.02 VS.. 1929 900 o.
so cents in 1861 period.
Eastern Util. Assoc. in veal
ended May 81 earned $685., IT!
or 1921 share VS.. $3,235,537 OF
$2.57 in year before.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
Retired List Gets
Two Landmarks
By CHARLES YARBRoUGH

The Boeing TOT on the 10o,-
000th flight Tuesday could have
carried 161 passengers three
fourths of the way around the
world in the same time.
ActOr-PilOt Robert Cummings
Ia most avid aviation enthusi-
asst, is giving free rides to a
chosen few at the Montgomery
County Airpark between l and
2 pm, Sunday.
The call letters of his twin
Beech, incidentally. are RI.
which come in over the air In
aviation alphabetese as Romeo
Juliet" r..
The current issue of Pageant
magazine has a fine picture
text layout of 1t. Col. Clifton
Eisele, jr., of 5000 fremont ave-
nue., Cheverly, Md, a civilian
lawyer and director Of safety
for the 18th Tactical Fighter
Wing, formerly the District Air
National Guard. IS,
1t is entitled Flight Three"
for the colonel's three tours Of
duty-World War II, Korea and
his present service. He's now
flying 0-mile-an-hour F-100
Super Sabres.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
Prudential Approves
81 Million Loans

Prudential Insurance Co. OF
America has issued loan COM
mitments covering more than
81 million of financing for
three new apartment projects
in this area, it was announced
by Clarence johnson, resident
manager. -,
A $2.2 million loan has been
approved on Southview Apart
ments, Section II and III, to be
built by Samuel r. Dweck and
William F. Banks on OakcreSt
drive in Prince Georges County,
Md.
A $1,160,000 loan was ap-
proved for garden type units to
be built by Miller Associates at
Twenty third Parkway and
Galloway street in Hillcrest
Heights, Md.
! A $975, 900 loan was approved
for a garden type project to be
built by Goldstein & KRISTEN at
East Capitol street and Texas
avenue Sc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
State National
Reports Gains in
Assets, Deposits

Assets, deposits and loans of
State National Bank of Be-
thesda reached new highs on
June 80, President Michael Leo
Looney announced today.
Assets totaled $7,130,257,
compared with $6,205.864 at the
end of 1861 and $5,965,G56 or
June 80 last year.
Deposits amounted to $780,
497, compared with $4,819.367
on December 81 and $4,631 ,29O
at mid-year last year. Loans
and discounts aggregated So
956,756. compared with S3,469,-
Eat on December 81 and $3,057,-
TAG on June 80, 1861.
Capital accounts totale d
$1,018,733 on June 80, exclusive
of a bad debts reserve of
$56,480, which was established
at the start Of this year. The
capital accounts total compared
with 81, 016,442 on December 81
and $l,005,166 on June 80 last
year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
Perpetual Assets Reach
$40 Million Record

out that Perpetual was con-
tinuing to grow without join
ing the savings race. Meeting
the higher rates would have
cost an additional 81 million
a year, he said.
Invested savings also reached
a new high of 1886 45,059, a
gain of 10.7 per cent from $685.
785 ,290 a year earlier and 3.3
per cent ahead of $373, 1881, ATT
on December 81.
First mortgage loans on real
estate aggregated 1897 500, 154
on June 80 compared with $685.
86,667 or June 30 last year
and S367,7S6,517 on Deem
Der 81.
Reserves and surplus rose to
$29, 775,869 on June 80, COM
pared with $26,740,134 on June
80 last year and $27 1921 on
December 81.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
Aero Geo Receives
New NASA Contract

Aero Geo AStro Corp. has
been awarded a 12-month con-
tract by the National Aero
nautics and Space Administra-
ton to do a variety of technical
work in support of scientific
programs at the Goddard Space
Flight Center, T. B. Mechling,
executive vice president of
AGA, announced.
The work will include design
and fabrication of instrumental
ton and components which will
be used on space satellites, as
well as scientific analyses Of
problems connected with satel-
lite payloadsY
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
Eastern Building
Reports Increases

Eastern Building & Loan As
ISOLATION reported assets Of
$43,341,746 as Of midyear, a
gain of 1872 per cent over $40
198,025 a year ago, according
to President william N. Payne,
jr.
Savings of $35,416,377 gained
5.33 per cent: mortgage loans
of $38,754.584 were UP 8.88 per
cent, and reserves of $3,204, 1853
gained 12.4 per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
BUSINESS
BRIEFS


EIcCtEIC power pFOuuCIIUH IdSI
week receded to 1888 billion
kilowatt-hours from 1923 bill
lion the preceding week. 1t was
well above the 1873 billion
XVIII for corresponding week Of
1961.-Edison Electric Institute.
Business failures last week
numbered 302, bringing years
total to 1888 against 9,044 on
corresponding 1861 date.-Dun
& Bradstreet.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
New SBIC Formed
In Fairfax County

A small business corporation
charter has been granted to
the newly organized Security
Small Business Investment
Corp, it was announced by
John w. Gibson, board chair
man.
The new SBIC has offices at
474 Leesburg pike in the Gull
more Shopping Center at
Baileys Cross Roads, Va.
Mr.. Gibson also is board
chairman of the Security Ma
tional Bank in the same Sec
ton. DR.. Cyrus Katzen, who is
president of the corporation,
said it plans to finance small
business firms mainly in the
Washington area.
Brig. Gen. Herbert M. Kid
ner, USAF, retired, is vice
president and general manager
of the corporation and will be
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
ON WINGS

Under certain circumstances
no man could object to being
referred to as q landmark.
Just such circumstances
popped up this week with the
retirement Of two men who
have devoted most Of their
lives to the advancement of
of aviation.
One is Charles I. Stanton of
1909 North Harvard street, Arl-
ington, who leaves A years of
continuous service in civil avia-
ton behind him, including the
last four as chief Of the Air
port and Aircraft Branch Of the
Federal Aviation Agency's Sys-
TENS Research and Develop
ment Service.
The other is American Air
lines o. M. MOsier, who re-
tires as executive vice presi-
dent after Is years with Ameri-
can and almost so devoted to
development Of the Nations air
power.
Mr.. Stanton, q former ad-
ministrator of the old Civil
Aeronautics Administration,
was flying airplanes long be-
fore he was tapped for the
desk corps.
He was q flying lieutenant
in 1917 and was flying the
mail as a test pilot in 1918.
He was assistant general SUI
perintendent of the. Air Mail
Services by 1922.
He went to the Aeronautics
Branch Of the Commerce De-
partment in 1927, the agency's
first year Of operation. and
started q career largely con-
nected with design, construc-
ton. maintenance and modern
1zlng OF the anyways.
He served as administrator Of
the CAA from 1912 to 1914; did
a four-year stint in Brazil
helping organize the Institute
Technologico de Aeronautica;
went with Bell Telephone Lab
oratories as a consultant brief
ly, and then headed the sys-
TENS engineering group Of the
Air Navigation Development
Board before going to his lat
est post.
Mr.. Mosier, who viii continue
as a board member at Ameri-
can, is q one-time transformer
test pilot and city manager OF
Oklahoma City, where Ameri-
cans President C. r. Smith
hand-picked him in 1898.
With the late New York
Mayor Fiorello H. La Guardia
Mr.. Mosier was a key figure
in development of La Guards
Airport; later he was instru.
mental in the development Of
Idlewild.
=
There was still another land.
mark this week when Par
American World Always made
its 100,000th crossing of the
Atlantici
On June 20, 1899, a Pan An
Boeing 3l4 Dixie Clipper flyin(
boat TAXED out into Port Wash.
ington Bay. Long Island, with
% passengers and flew to Mar.
Seille. via the Azores and Lis
bon, in 20 hours and 20 min
utes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
Blanchard Director
OF Suburban Life

Elmer F. Blanchard, Mont
gomery County attorney and
tax expert, has been elected a
director of Suburban Life In
surance Co. of Silver Spring,
President Francis G. Bauer an
nounced.
He was instrumental in foun-
ding the Peoples Title Co. and
has been active in real estate
for IL years. He served with
the Marines in World War II.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
BY SYLVIA PORTER

other countries than we re-
ceive from them we have a
deficit in our balance of pay
mentS.
When we run a deficit in
our balance Of payments, our
creditors build up claims in
dollars against us which they
can either withdraw in the
form Of gold from our reserves
or keep invested here in secu-
rites until they're ready to de-
mand gold.
For several years, we've con-
sistently run a deficit in our
balance of payments, but not
because we import more than
we export-last year, we sold
IS billion more goods abroad
than we bought from abroad.
But our spending for military
and economic purposes, tourism
and our investments abroad
have more than absorbed our
merchandise export SURPRISES
and put us deeply in the red
in our international accounts.
What We're Doing
AS a result, our foreign credi-
tors claims against our gold
have risen to an enormous
$23 billion to $24 billion and
gold Withdrawals so far have
shrunk our gold reserve to a
23-year low of less than $16.5
billion.
It can't go on this way in
definitely.
We are taking major steps
to slash the basic deficit
through concentrated efforts to
increase our exports of goods
and earn more from tourism.
through insisting our allies as
sumo a bigger share of the free
worlds military and economic
aid expenses, through trying to
slash waste from our foreign
spending programs.
At the same time, we are
strengthening the technical de-
tense of the dollar by raising
interest rates on short term
Government securities to make
them more attractive Ravens
for the funds of our foreign
creditors, arranging with the
worlds central bankers to avert
raids on the dollar and making
sure these bankers do not mis-
interpret our fiscal policies and
lose confidence in our dollar.
Our balance of paymen t S
problem reflects our generosity
toward the rest Of the world
since World War II. We are
mighty enough to solve it. We
actually have just begun to use
the weapons at our disposal to
do so.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
Greyhound Dividend

CHICAGO. July S (AP).-A
5 per cent common stock divi-
dend will be paid to Greyhound
Corp. stockholders August 20,
the company said today. The
dividend was declared May 16.
Cash adjustments will be made
to holders entitled to a fraction
OF a share. Greyhound had
13.02l,837 shares OF common
stock on June 80.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
Series E Sales
Up $307 Million
BY the Associated Press

The Treasury reported today
that June sales of Series E
bonds were 1907 million, high
est June total since 1856.
Sales Of Series H bonds were
$50 million, down IL per cent
from last June's $64 million,
reported the department.
Gross redemption of 1924
million in June were 8 per cent
above the 1892 million Of a year
ago. OF the gross amount re-
deemed, $40 million represented
accrued E bond interest.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
$3.50, 900 Loan
Made on Project

James w. Rouse & Co.,
Washington mortgage bankers.
announced that a mortgage
loan commitment Of $2,280, 900
has been concluded with Law
renee Levin, executive director,
Colonial Investment Co., owners
and developers of the 308-unit
Penn-Southern Apartments at
the intersection of Pennsyl-
vania and Southern Avenues
TAT the District Line) in Prince
Georges County.
Wagman Construction Co.. !!
building the aforementioned
garden apartment and first oc.
cupancy is scheduled for next
month.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
Machines Installed
By Normondie Cup

Normandie Cup Division of
Standard Packaging Corp. at
Alexandria, Va, will complete
installation of 100000 of new
cup equipment by midsummer,
stockholders of the parent COM
pany were told in a review of
company activities.
The new machines. will in
crease the divisions productive
capacity by $50 per cent and
should reduce the need for pur-
chases from outside supplierS,
which totaled 81 million in
1861. This should change the
cup operation from an expense
to an earning factor, the review
said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
Missile Sites Enters
Satellite Field

Missile Sites, Inc, Washing
ton construction firm, has been
awarded a contract to build
satellite technical facilities at
Patrick Air Force Base, Cape
Canaveral, Fla.
President Samuel N. Zarpas
said that the amount of the
award is approximately $780,
600. The contract with the
Army Corps of Engineers is for
structures that will be used by
the Air Force Missile Test Gen.
ter at Cape Canaveral. Mr.. Ear
pas said this is the first Missile
Sites entry into the space and
satellite field of construction.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
Census Reports
Export Decline,
BY the Associated Press

United States exports dipped
/ per cent from April to May,
the Census Bureau reported to-
day.
After allowing for normal
seasonal fluctuation, civilian
exports in May we're valued at
81 TIA 100000. This compared
with an April total of >$1,794,-
600,0
The largest decreases were in
shipments Of vegetable prod
ucts and miscellaneous items.
Military aid shipments to-
tailed 80.1 million in May, down
from 1924 million in April.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
C&O Eornings-Up
Sharply in Six Months

Net income of Chesapeake g.
Ohio Railway rose to $14,247,-
900 or $1.73 a share in the first
six months of this year, COM
pared with s9,872.000 or $1.20
a share a year ago, it was dis
closed today.
Net for June was $3,374,000
or Al cents a share VS..
$2,l77,000 or q cents in June
last year.
Gross revenues in six months
aggregated $685. 900 VS..
$l45, 1853 900 a year ago. juno
gross was $30,543,0 900 VS.
$26, 789, 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
Photogron,metry
Has Analysis Unit

Photogrammetry, Inc, OF
Rockville, Md, has established
a new operations analysis di-
vision under the direction Of DR..
John D. Coakley.
DR.. Coakley has served as
scientific adviser to the Air De-
Tense Command, the Standards
Committee of the Nuclear So
ciety and the Presidents Com
mittee on Industrial Safety. He
is president-elected Of the
Maryland Psychological Asso-
citation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
METALS

NEW YORK. July s (AP).-spot
nonferrous metal prices today: Copper
81 cents a pound, Connecticut Valley.
Zinc 11h cents a pound. East st.
Louis. Tin, 1.12h q pound, New York.
Foreign silver 1.02N per troy ounce,
New York. Pittsburgh scrap steel No. 1
at 25.00.26.00.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
Suburban Trust Reports
Earnings Above 1861
AS Growth Continues
By DONALD B. HADLEY
Star Financial Writer

Net earnings of Suburban Trust Co. well above
in the first six months of this and deposits
topped $2O1 million at midyear announced today by
Board Chairman T. Howard Ducke and President j. Robert
Sherwood.
the months totaled $67644o
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
YOUR MONEYS WORTH
Our ImbuIunce
Of Payments

The Canadian dollar almost
crashed under an overpowering
speculative attack two weeks
ago because our Northern
neighbor has been running a
huge deficit in its balance of
payments and was fast losing
its reserves of gold and United
States dollars.
Even though Canada had de-
valued its dollar to the equiva-
lent of 921a United States cents
as recently as early May, specu-
lators decided that it would
have to devalue again. They
staged a massive rush to sell
Canadian currency. This would
have compelled a new slash in
the Canadian dollar had not
the free world-primarily the
United States-come to Cana
da's rescue a week ago Sunday
with enormous aid to bolster
its reserves while it tries belt
Tightening steps designed to
balance its international fl
nancial accounts and to at
tract foreign capital back into
Canada.
Now unfounded rumors are
being spread that the United
States dollar will face a similar
devastating attack one of these
months if we don't solve the
deficit in our balance of pay
ments soon and stem the drain
on our gold.
Terms Explained
A whole generation has
grown to maturity since the
last great run on the dollar
compelled in 1884 a devalua.
ton of our currency-meanine
a cut in the gold content Of
the dollar. Now that the prob.
lem of the deficit in our bal.
ance of payments and of oul
dwindling gold reserve is back
there is need for a simple ex.
PLANTATION of what these word.
mean.
The balance of payments i.
the record of all our financial.
commercial transactions with
all other nations over a perioe
of time-say. a calendar year
It includes all we pay to othel
countries as a Government anc
as individuals and all we gel
from other countries. This COW
ers not only what we import
and export, but also what W.
spend abroad for defense anc
what we receive in military re-
ceipts, what we spend as tour
lists. what other tourists spenc
here, what we send abroad al
Iprivate investments, what for
eignerS send here as private in.
vestments and so on.
When we pay out more to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
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. Thursday,
Iulv E. 1910.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05

assisted by Edward Kingman,
treasurer. David Shapiro is
general counsel and a member
of the board.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
FOREIGN
EXCHANGE

NEW YORK. July (APl .-Foreign
exchange rates (Great Britain and Aus
tralia in dollars, others in cents and
decimals of a cent?:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
TREASURY BONDS

NEW YORK (AP)-NOon over the coun-
ter U. S. Government Treasury bonds.
bid, asked, net change and yield for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05
AMERICAN STOCK EXCHANGE
Sales High Low 2:O0 Chg,

ACTIVE ISSUES
Following
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-05

Onds.
T-Partially tax exempt.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-10
Y Classes

The young adult depart
ment of the Phyllis Wheatley
YWCA has announced that
its summer activities pro-
gram is now beginning. Rec
reational activities are Of
fered in unarmed defense,
slim trim, tennis and bowl
ing. The young adults are
planning also a "Kalypso
Karnival" to be held Satur-
day, June 16, from 9 pm. to
! am. with dancing and en-
tertainment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-10
ORT Chapter
To Install

The Northwest Chapter of
the Women's American CRIT
Organization for Rehabilita-
ton Through Training) will
hold a luncheon at noon
Wednesday in the President
tial Arms.
New officers will be in
stalled with Mrs. Philip
Berne. regional president,
conducting the installation.
Mrs. Ernest Wolff is the
new president of the chapter.
Other new officers are Mrs.
Morris Shapiro, Mrs. Alex
ander Pish, Mrs. Adolph
Kramer, Mrs. Isaac Simon
and Mrs. Fannie Bialek, vice
presidents; Mrs. Hy Margo-
lies, treasurer; Mrs. M. M.
Reisfield, financial secretary;
Mrs. Reuben Beckelbaum, re-
cording secretary, and Mrs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-10
Mrs. Rennpe
Is Officer

Mrs. James H. Rempe was
installed as president of the
Junior Woman's Club of
Kensington at the groups
recent annual installation
dinner at the Shady Grove
Country Club.
Mrs. Robert M. Mccain
viii serve as vice president.
The clubs next scheduled
event viii be a picnic June
16 at the home Of Mrs. Rob-
ert ]. Taylor.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-10

From time to time I recon-
mend using a French seam,
or maybe to finish q certain
fabric with q double-stitched
seam. There are many diff
ferent seams, and finishes for
seams that everyone who sews
should know how to do.
I've chosen eight that I
think are most often used.
Double Stitched Seam Zig.
-: This is excellent for soft
bulky fabrics such as terry
cloth, where bulk should be
avoided and fraying is a
problem. Stitch as you would
for a plain seam. Then, stitch
once more K-inch outside the
first stitching line. Trim the
edge close to second line Of
stitching.
Bound Seam Gig. ~: This
Is used on unlined coats and
jackets. Stitch as you would
for q plain seam. Then bind
the raw edges Of the seam
allowances with bias binding.
While applying, ease the
binding so that the edges will
not curl.
Self-Bound Seam Zig. 81:
Make q plain seam. Then,
trim one seam allowance to
1s-inch from the stitching
line. Turn the other raw
edge under and fold it over
the trimmed edge. Stitch it
down along the first stitch
ing line.
Tapped Decorative Seam
Zig. ~; This can be used
for decorative purposes and
is often found in curved parts
Of a garment. If the line is
curved, mark with chalk the
curve Of the overlap piece and
the piece to which it will be
Joined. This is necessary as
9 guide when stitching. Turn
under the edge of the over
lap piece and press. To ease
the curved line, notch or clip
overlap at intervals, as shown.
Overlap the two pieces and
haste them in place. Stitch
them together on the right
side close to the folded edge.
French seam Figure 81:
Excellent for sheer fabrics.
Place the fabric with its raw
edges even and right side out.
Pin along the seamline.
Stitch, but take only half of
the seam allowance. Trim the
raw edges and press the seam
to one side. Turn to the
wrong side and crease it on
stitching line. Stitch along
the proper seamline, enclos-
ing the first seam.
UphOlsterers welt seam
Figure 81: This is used on
slip-covers. Make a plain
seam on the wrong side, tax
ing half or less Of the seam
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-10
Mrs. Cdtucci
Is Installed

Mrs. Angelo ]. Catucci was
installed recently as the new
president Of the Sodality
Union of the Archdiocese of
Washington by the Right
Rev. Msgr. George L. Gin
gras, spiritual director.
The guest of honor at the
ceremony was His Excellency
Patrick A. O'Boyle, Arch
bishop Of Washington.
The new vice president is
Mrs. Joseph Vaughan; Mrs.
Francis Zapotocky is the new
secretary, and Mrs. Margaret
Baldwin is the treasurer.