davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-01-07

the economy approaches the
limits of its capacity.
Nonetheless, Chairman WAL
ter w. Heller of the Presidents
Council of Economic Advisers,
has pinpointed second-half
1862 as the next critical
period"
BY then the economy will
have reached about the same
stage Of not quite complete
prosperity that it attained in
1859 before the upswing stalled.
Said Mr.. Heller:
"The test this year will be
whether the surge Of recovery
will continue toward full en-
ployment or whether a revival
of creeping initiation will ham,
per our efforts to use the full
potential of the economy in
the service of our national
goals"
Industry Question Mark
The third great source of
demand, industry, is little more
than a neutral source at this
moment and a question mark
later.
There are no present signs
of a powerful surge of busi-
ness spending either to amasS
factory inventories of materi-
ais or to provide new plants
and equipment.
Yet both those types Of bust
ness spending could swing UP
significantly as the year ad-
vances. If the 1862 steel wage
negotiations produce a serious
threat of price rises or an
industry wide strike, a wave of
inventory buying could develop
in anticipation. That happened
in 1859.
A healthier possibility is that
industry, now contemplating
only a 4 or S per cent increase
in plant expansion and equip
ment spending, will raise its
sights. !
This is a likely development,
some Commerce Department |
and White House economists
feel, if the rising demands of
consumers and governments
combined begin to absorb the
Is to 20 per cent of industrial
capacity which has stood idle
since 1859.
Tax Incentive Bill
The possibility is even
stronger administration Off
cials contend, if Congress
quickly passes a tax-incentive
bill to spur investment-either
the tax-credit plan requested
by Kennedy or some other de-
vice to cushion the cost of
replacing obsolete machines.
Still, even a 10 per cent rise
over 1861 in the rate of such
Evening star., 1962-01-07
Population Increases


An area population estimate
of 2,135 900 for the end of 1861,
compared with 2,001 1897 in the
1860 Census and 1,464,089 in
the 1850 Census.
Nearby Maryland was cred
tied with 747,500 VS.. 698,523 in
1860 and 358,583 in 1850. while
suburban Virginia sections of
the area had estimates of 612,-
500 VS.. 539,4l8 in 1860 and $685.
1913 in 1850.
The District of Columbia total
was estimated at 765,000, up
slightly from 763,956 in 1860,
but we'll behind 802,178 listed
in the 1850 Census.
Reflected by Utilities
The larger population was
reflected in part by figures Of
gas, electric and telephone util-
tiles companies serving the area.
However, customer totals did
not show the continued in
crease in single-meter services
for apartments.
Active gas meters, electric
customers and telephones for
the area and its various Sec
tions are listed below on No
vember 80 and the same dates
in 1860 and 1851:
Evening star., 1962-01-07

most of 1861, will decline but
won't approach the adminiStra-
tion's so-called preliminary
goal, 4 per cent. In January
a seasonal bulge may bring
the total of jobless men and
women above 5 million.
Rising incomes will outstrip
the advance in living costs by
a wide margin, bolstering the
Nations buying power.
Incomes gained markedly in
1861, too, but consumers were
cautious, instead of splurging
on goods, many elected to save
more, pay off inStallment debt,
and increase their outlays for
services like home repairs,
travel, recreation and educa-
ton.
Business Get Second Wind
Not until October was the
recession psychology shaken
off. Then retail sales surged
up, climaXing in a record
Christmas shopping season.
At that point the business
recovery, nine months after it
began last February, caught
its second wind.
Nevertheless most Washing
ton economists believe that
high and rising Government
spending, rather than con-
sumer buying, will be the most
important buoying force for
another six months at least.
The buildup for Berlin will
reach its peak spending rate
this spring. Over the year,
Federal outlays will be at least
$5 billion greater than in 1861.
State and local government
spending will rise 81 billion.
Though many have sounded
warnings that Federal deficit
spending 500 billion of it in
the Government year now half
over-brings a serious infla-
tionary threat, administration
spokesmen discount the hazard
and few private economists ex-
pect to see a genuine infla-
tionary spiral develop.
Balance Due Soon
Government cash income will
come into balance with outgo
early this year, the White
House has pointed out. And
many more men and machines
must be put to work before
Evening star., 1962-01-07
ACTIVE GAS METERS
Contraction Impressive


Private construction in the
area aggregated $3.50, ,467, 900 in
II months of 1861 and for the
full year is expected to approx
mate SAIL, $4,000 VS.. $366,139,-
900 in 1860. Federal contracts
have added around 500 million
to the 1861 total VS.. $110 mil
lion in 1860.
The II months total of last
year compared with $344,l67 900
in the same 1860 period. Resi-
dental work totaled $267,756,-
900 and provided 25,O78 new
dwelling units, compared with
$205, 5,871,0 900 and 1887 units a
year earlier. Non-residential
construction totaled 500, ,769, 900
in all the II months VS.. $1O8,-
042,000 a year earlier.
The District of Columbia
accounted for less than a sixth
of the area total and less than
a tenth of the residential build
ing. Sections totals for II
months are compared below
with a year earlier:
Evening star., 1962-01-07

TO mar the outlook for the
healthy, stable growth not, at
least, until the second half of
the year. Here are the typical
views Of a dozen economists
who view the economy from
key vantage points in the Fed
eral agencies and business as
sociations:
National output will total
$3.50 billion, up from $500 bill
lion in 1861 as a whole. It
may be at a $3.50 billion rate
a year from now.
Profits will set a record at
around $55 billion, with the
margin diminishing as the year
advances.
Slow Price Rise Seen
Consumer prices will rise, but
not steeply. The increase will
be one of the smallest since
World War II, probably match
ing last years climb of about
l per cent.
Unemployment, worrisomely
close to 7 per cent through
Evening star., 1962-01-07

to show the highest mediar
family income of any compare
BILE metropolitan area"
Higher Costs Faced
Faced with a small net
profit picture and higher pay
rolls in 1862, businessmen must
be alert for every possible way
to trim expenses" declared
Gibson I. Wright, president oil
the Merchants & Manufactur-
erS Association.
Mr.. Wright, who is public re-
lations manager for the Wash
ington division of Safeway
Stores, said businessmen must
adopt new methods of control
ling inventory shortages and
share their experiences so net
profit can be increased. This
can be accomplished through
more frequent meetings o1
trade groups, through pane
discussions and through closer
cooperation in organizations.
meetings, he suggested.
"Washington's stable labor
market has prevented the up
and-down cycles which mer.
chants and manufacturers ir
other cities experience in peri
ods of lay-offs or Strikes" he
declared.
Increases in Federal jobs
and payrolls are expected tc
swell buying power of the
Washington area in the COM
ing year. Mr.. Wright reported
Monthly department store
figures for the Washington area
show a 4 per cent gain through
October and with the Christ
mas rush, the increase for all
of 1861 may easily widen to
per cent" Mr.. Wright said.
Outlook Is Bright
The area real estate outlook
is very bright at the start o1
the new year, reported George
w. DeFranceaux, president o1
the Washington Real Estate
Board.
Demand for office space In
well = located, we'll : maintained
and modern buildings is very
strong" he said. Vacancies are
practically nonexistent. The
new buildings that are nearing
completion or are well along in
construction will ease some o1
this pressure in 1862, but de-
mand for space will continue
strong because of governmental
needs" Mr.. De. Franceaux pre-
dicted.
"Start of construction on the
new Washington Hilton HoteI
near Connecticut and Florida
avenues NV. will itself inject
a $25 million stimulus in the
city's economy.
1--WE can look forward to
launching of the Harbour
Square cooperative, with 45C
units and costing about $12
million and Tiber Corporations
apartment project with 384
units and 86 row houses cost
ing $8.5 million. Two projects
Evening star., 1962-01-07

capital investment would not
spell boom. Said one ranking
Government economist: 1T
would take a 25 to 80 per cent
rise to make a boom. The econ
omy will 60 up anyway, but to
reach full employment we'd
have to have a tremendous in
crease in capital investment,
plus a really big advance in
housing"
There is fairly general agree
ment that the rate of economic
growth will be slower in the
second half Of 1862 than in
the winter and spring months
just ahead.
The country's output of goods
See GREEN, Page CT
Evening star., 1962-01-07
TRADE ASSOCIATION VIEWS
Expansion of Federal Spending
Expected to spur Area Growth

Leaders of Washington's ma
jor trade associations expect
that a substantial expansion in
Government activities and pay
rolls will supply fuel for further
growth of this area in 1862.
In reviewing gains of last
year, they are concerned with
a number of problems, however
including downtown and other
community planning, accom-
modations for visitors, rising
costs, earnings and interest
rates.
"Washington's steadily grow
ing economy should reach a
new high in 1862" declared
John w. Thompson, jr., presi-
deht of the Metropolitan Wash
ington Board of Trade. en-
creased private and Government
employment in virtually every
sector add up to this promising
picture"
Mr.. Thompson, who is asso-
ciate editor of The Star and
president of The Evening Star
Broadcasting Co., reported that
Is major office buildings with
more than l million square feet
Of space have just been COM
pleted or are under construc-
ton.
Migrate to Capital
while Government is utiliz-
ing a sizable portion of these
new buildings, the most signifi-
cant factors supporting new
starts are the continued migra-
ton of national organizations,
trade associations, labor unions
and national corporations to
the Nations Capital and signif-
icant growth of many local
business and professional Of
ficeS," he declared.
The steadily increasing i'm
portance of visitors is RESPONSE
BILE for significant hotel and
motel construction, including
projects that will provide 5000
additional transient rooms for
downtown Washington by 1868,
Mr.. Thompson said. Including
the 1,200-room Washington Hill
ton now under construction,
these will raise the downtown
transient room total to around
81, 900, he said.
Federal employment in the
area appears to be on the rise
again and there are indications
the figure will reach 250,000 in
1862, a new peacetime record"
Mr.. Thompson declared. with
a pay raise for Federal workers
also in the offing, this figure
assumes greater Importance
Private employees and those of
local governments undoubtedly
also will continue to increase. !"
RID. Firms Expand
He said growth of science-re-
lated firms and expansion of
research and development facil-
tiles continued, and unprece-
dented construction of high
ways, freeways and bridges also
added to area activity in the
last year.
Completion of the Dulles In
ternational Airport in 1862 will
have an impact on construction
as well as the general economy
of the area, he predicted.
Homes and commercial struc-
lures also will account for sig
nificant activity as the area
moves toward a 1880 projection
of around 3.5 million popula-
ton, he said.
Attainment of this mark will
require urbanization of some
100 square miles of peripheral
rural land. and to provide for
a population Of this size, the
area must plan now for an ad-
equate water supply, he warned.
Median family income in the
Washington area rose from $4,-
262 in 1850 to $7,577 in 1860, a
jump of 77.8 per cent, according
to census figures, which give
additional cause for optimism,
he declared. Greater Washing
ton undoubtedly will continue
Evening star., 1962-01-07
rs MOST ACTIVE STOCKS

NEW 9ORk (AP)-Of the total volume of 1O21 264 589
shares traded during 1861 on the New York Stock
Cne 20 most active securities accounted for 1854 100 800
Shares or lo per cent OF the aggregate sales Individual
voune hlgn low and closing prices with net change
o the year OF the rs leaders shown following
table. Sales in hundreds - - e
Evening star., 1962-01-07

totaling over 500 units will be
started in the city's Southwest
Urban Renewal area. Compile
tion of the Sky Line Motor Inn,
a 204-unit hotel in Southwest,
also is scheduled for Septem-
ber, 1862.
Prices for some new construc-
ton and existing homes may
inch higher in 1862, but over
all should remain fairly stable,
he declared.
Sees Two Dark Spots
Two dark spots appear on
the real estate horizon, how
ever, he reported. One is the
proposed half Of l per cent real
estate transfer tax that Con-
gress will consider undoubtedly
for imposition in the District
Of Columbia beginning in 1862.
"This would retard some real
estate trading, particularly in
the field of ncome-producing
properties such as office build
ings, apartments and ground.
Because of large amounts in
volved, the tax would be sub
stantial.
"The other damper on real
estate is the city's zoning reg
ulations which were revised in
1885," he said. Inadequate or
outright improper zoning of
many sections, including down.
town or close-in areas, has
driven many millions of real
estate investment money into
other communities"
Higher Rates Forecast
Investment bankers of the
area can look forward to a
good year, yet uncertainty over
the outlook for interest rates
should be taken into account,
declared Carey Winston, presi-
dent of the Mortgage Bankers
Association of Metropolitan
Washington.
Demand for credit will re-
main strong because dynamic
growth will demand continued
production of homes, apart
ments and commercial space,
he said.
"The old year ended with a
marked enlargement in the
supply of mortgage funds and
a level Of interest rates that
had remained stable for sev-
eral months" he declared.
Construction costs also had
been relatively stable. Demand
for housing was improving and
for office, commercials and
apartment buildings was at a
record high"
Indicating anxiety that this
ideal situation might be
changed, Mr.. Winston said
many factors point to a rise
in the cost of money in the
coming year. 1t is only a ques-
tion of how soon and how
much interest rates will go up,
he declared.
"The necessity for retarding
the outflow of gold, the heavy
Treasury financing program
that lies ahead. the probably
increase in corporate borrow
ing, the rising demand for con-
sumner credit, all of which are
before us, point ultimately to
a rise in the cost of money"
he emphasized.
Mr.. Winston expressed doubt
that present high volume of
new savings will be maintained
as general economic activity
expands, despite the higher
rates offered. A rise in interest
rates also could place the mar
ket for insured and guaranteed
FILA and VA mortgages back
into the bog in which it
floundered in the mid-part of
1861, he declared.
Stephen G. Yeonas, president
of the HomebuilderS' Associa-
ton of Metropolitan Washing
ton, predicted that new housing
units constructed in the area
See TRADE, Page &C.
Evening star., 1962-01-07
Investors Multiply

With little apparent correla-
ton to the business cycle, in
vestments are claiming the at
tention of an increasing num-
ber of persons both in this
area and across the Nation.
High interest rates on saw
ingS and the publicized compe-
Evening star., 1962-01-07
D. c. Area Expected to Top
1861 Trade Peak This Year,
Poyro||s Near $4.2 Billion
BY DONALD B. HADLEY
Gtar Financial Editor

The Washington Metropolitan
the last half 1861 probably
lin 1862
The 1861 upturn retail trade
Lion SfE
Evening star., 1962-01-07
81 Recovery Pace
To Set Records,
Economists Say
BY STERLING GREEN
Associated Press Financial Writer

The slowpaced recovery Of 1861 is picking speed 1t will
be breaking business records throughout 1862 beyond
according to Washington economists
There forecasts of a roaring however
peviews given privately by Government industry
analysts Full employment won't be reached.
neither experts Of serious initiation
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-14
in New York City.
Cusdres-Eicher

Mr.. and Mrs. Maynard
Eicher of Bethesda announce
the marriage of their daugh-
ter Carol Lucille to Mr.. Frank
A. CaSares, son of Mr.. and
Mrs. Manuel Casares of
Chevy Chase, Md. The we'd
ding took place February 8
at the Shrine of the Most
Blessed Sacrament. The cou-
pie will live in Arlington.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-14
Roses
Are
Hosts

Some distinguished visi-
tors from out-of-town were
the honor guests last night
at the reception given by
Vice Admiral Rufus E. Rose,
Commandment of the Indus
trial College of the Armed
Forces, and Mrs. Rose.
The party honored nine of
the IS members of the Col
lege's Board of Advisors who
could come for 1T. Other
guests included top officials
from the Defense Depart
ment including members of
the Defense and Army sec
retariat as we'll as high rank
ing officers of the Army,
Navy, Air Force and Marine
Corps, and their wives.
The honor guests present
were Mr.. Charles F. Adams,
of Lexington, Mass, chair
man of the board of the
Raytheon Company; DR..
Arthur F. Burns, of New
York, president of the Ma
tional Bureau of Economic
Research, and Mrs. Burns;
retired USAF Gen. and Mrs.
Orval R. Cook, Mr.. Frank
B. Ellis, former director of
the Office of Emergency
Planning Of the Executive
Office of the President, and
Mrs. Ellis, and Mr.. Albert J.
Hayes, International presi-
dent of the International
Association of Machinists,
and Mrs. Hayes.
Also, Mr.. Wilfred j. Nc
Neil of New York, president
of Grace Line Incorporated
and former Undersecretary
of Defense, and Mrs. Mcneil;
DR.. Philip E. Mosely of New
York, director of studies for
the Council on Foreign Re
lations; Mr.. j. Carlton Ward,
jr., of Pennington, Conn.,,
former chairman of the board
of the Vitro Corporation of
America, and Mrs. Ward,
and DR.. Edward L. Katzen-
batch, jr., Assistant Secre-
tary of Defense for Educa-
ton and Manpower Re-
sources and ex-officio mem
Der of the Board of Advisors,
and Mrs. Katzenbatch.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-14
Beovun-MiIIer

Mr.. and Mrs. Gerald FL
bridge Miller of Washington,
D. C. announce the mar
riage of their daughter Ju-
dith Mary Ockford to Mr..
Keith Arnold Beavan, son of
Mr.. and Mrs. Reginald Bea-
van of Blackpool, England.
The wedding took place Feb
ruary 8 at Holy Trinity
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-14
Meeting

The Northern Virginia
Alumnae of Delta Delta Delta
scheduled their February
daylight meeting" this morn
ing at the home of Mrs. Jack
son Grayson in Falls Church.
A recipe exchange was the
program feature.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-14
WEDDINGS
RubIoff-F

Mr.. and Mrs. Bernard H.
Fischgrund of Silver Spring
announce the marriage of
their daughter Marion Doris
to Mr.. Gilbert William Rub
loft, son of Mr.. and Mrs.
Harry L. Rubloff of Chicago.
The wedding took place jan
uary % at the Adas Israel
Synagogue here. The couple
will live in Arlington.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-14
OF LOVE and
LAUGHTER
By MARJORIE HOLMES
Did You Ever Play Jacks?
Then You'll Enjoy This
By MARJORIE HOLMES

Oh, what is so lovely a crclet of little girls play
ing jacks? Their bright skirts bloom upon the
crete STEP Their knees bare and brown and their
sneakers dirty Their voices rise and fall like the bounc
ing ball. they giggle with the same merry tnkle the
raining jacks.
Onesies twosies threeses discussed Upsies
ses babies in the cradle Sweep the floor Pigs in the
pen Go to church.
They excaim and discuss them and argue and laugh
They get as excited about the old combinations you
once did, and introduce you've heard Of Fast
chicago Jack-be-nimble Snake in the grass
Fly to the moon
And you remember the thrill of the new ones in your
pocket nging scurred to school, The bright
CLINT of those doubexs. The rubber ball, red
appe or the nicked but astocrac golf balls that brsky
spanked the stone and shot to naughty heights
Little crowds, cohesive bridge club dashed to claim
the choicest slabs at school, The undsputed champion
scooped with lovely. exasperating skill Though
you practced fevereny for hours couldn't approach
that rare, odd, singular grace that conquered all.
Jacks lose easily Reduced to two or three, you aug
mented store by rough pebbles found along the lake
shore. Humble, yet in their way charming. they
gInted when tossed onto the sidewalk.
Now again hear the leaping ball. the laughter and
the arguments the rainy spaer of the tiny objects flung
and deity snatched You hear the children reaching
IN this time Of hes early morning children before them
Of skill.
The voices the music of the jacks This is tirneess
song Of history itself.
Lyrics for Everyday Living
RESPONSE TO A HUSBANDS UNEXPECTED KISS
He's the lord of castle,
He's king of my heart.
I Que him allegiance
Till death US do part.
His most loyal subject
bol to his Uhim :.
And readily gUe
My lip service to him.
WANDA G. CUNNINGHAM
Sights to Touch the Heart
The little boy with crush on new girl at school
Fearful that she won't get Valentines other
viOJe1U o1Iol
every now and then he trudges bushing up to the box
and slips in few for her.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-14
Sights to Touch the Heart

The little boy with crush a girl at school,
Fearful that she won't get Valentines the other
children, he watches anxiously called And
every and then he rudges bushing up to the box
and slips in a few more for her.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1962-01-05
ANNETTE ROGERS HAS
THIRD BIRTHDAY PARTY

Annette Rogers was guest Of
honor at a party at her home in
Manteo Wednesday afternoon, the
occasion being her third birthday
Christmas decorations were used
throughout the house. Mrs. Des-
mond Rogers, the little girls grand
mother, told the children The
Christmas Story and led them ir
singing carols. The refreshment
table was conferred with a birthday
cake bearing three candles and
miniature Santa Clauses and an
gels, which were later. given as
favors to the guests. Ice cream and
cookies were served.
The little guests included Char
lene Rogers, Heather Fearing, Deb
ra Parent, Lorna Sadler, Nancy
Ward, Nea Scarboro, Glenda Gas
kill, Majorie Gallop and Betty Dee
Ward.