davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-04-13
Leaders Named
For Invest in
America Week

George M. Ferris, ST.. general
chairman for Invest in America
Week, which will be observed
here April 29-May 5, today an
nounced the appointment Of
various committee chairmen.
Melvin o. Wright, executive
vice president, Rouse, Brewer
Becker & Bryant, Inc. and
John v. Hinkle, chairman
American Ideals Committee
Washington Board Of Trade
are vice chairmen.
Divisional chaiYmen include
Arthur P. Thompson, vict
president and treasurer, Peo'
piles Life Insurance Co., life in
surance division
James c. Latta, vice presi'
dent, Frederick w. Berens, Inc.
mortgage bankers division.
William Calomiris. president
William Calomiris Investment
Corp, real estate division.
Fred w. Smith, president
jefferson Federal Savings &
Loan Association, savings anc
loan division.
Robert H. Lacey, jr., Rouse
Brewer, Becker & Bryant, Inc.
stocks and bonds division.
Paul E. Denny, assistant vict
president, National Savings &
Trust Co., has been namet
treasurer Of the committee.
Henry P. Loss. metropolitan
Washington Board Of Trade. il
secretary, and Lou Brott is di
rector of public relations.
Evening star., 1962-04-13
LuxuryCor Shown
By British Ford

LONDON. April 13 (AP).-
The British Ford Motor Co. to-
day sets its sights on a bigger
share Of world trade with the
launching Of an all new l0o-
m.p.h. six-seat luxury auto
costing a basic G778 (S2,17S).
The Zodiac Mark III has an
international look, combining
British. American and Conti-
mental styling. A feature of the
design is that all window glass
is curved outward to give extra
width at shoulder height.
dwelling the new model In
London. Sir Patrick Hennessy,
chairman of Ford of Britain,
told newsmen:
I'VE have seen 1t as our task
to bring down the cost of luz
ury and to make it possible for
many more people to own and
enjoy a true performance car"
Evening star., 1962-04-13
PEOPLE
BUSINESS

H. B. Gillespie of Baltimore
has been appointed correspond
ent for James Talcott, Inc, in
Maryland and the District of
Columbia.
John B. Mcdonald has been
named director Of public infor-
nation and education for the
Transportation Association Of
America.
Byron T. DeMent has become
assistant manager of the Fair
fax Hotel at 21O0 Massachu-
sets avenue NV. He began his
hotel career with the Hamilton
Hotel in 1925.
/ James E. Fitzsimmons has
been named manager of devel-
opment for Aero Geo Astrc
Corp. in Alexandria He former
Ily was with Atlantic Research
Earl J. Seely has Joined Rixor
Electronics, Inc. as an applica-
tionS engineer.
Specialties, Inc, of Alexan-
dria, has opened a Washington
branch at 1920 Rhode Islano
avenue NE.
Evening star., 1962-04-13
United Services
Reports Gains

United States Life Insurance
Co. of Washington scored i'm
pressive gains during the first
quarter of 1862. the COM
pany reported today.
New insurance sales exceeded
S23, $4,000, an increase of $3.50
over the amount written in
the first quarter of last year
The increase in insurance in
force for the quarter was al
most S18 million, up 500 over
the 1861 figure.
Premium income of $2.7 mil
lion was up $4,000 while in
vestment income rose $l24,0 900
to S566,000.
During the same period in
vested assestS and cash passed
the $50 million mark and
totaled $50,467, 900 as compared
with S43,333,000 a year earlier
Evening star., 1962-04-13
Store SaIesU
From YearAqo

Department store sales in
the Washington metropolitan
Area were 10 per cent above a
year ago in the week ended
April 7. despite a lag Of 8 per
cent from the previous week,
the Federal Reserve Bank of
Richmond reported.
Area sales in four weeks
ended April Z we're equal to the
like 1861 period. Sales for the
year to date were up ! per
cent.
The downtown portion of the
area sales total was Is per cent
above a year ago, but down 9
per cent from the previous week
in the week ended April 7.
Downtown sales in four weeks
we're down 3 per cent from a
year ago, while those for the
year to date we're down 2 per
cent.
Evening star., 1962-04-13

1861 the market is selling at a
very high ratio. If corporate
earnings increase to the degree
Government economists have
projected for budget forecasts,
however, today's market is
capitalizing earnings quite con-
servatively. The result could
be a worthwhile advance in
equity prices.
As the stock market is actu-
ally q market of stocks, pro-
fessional investors will be
closely watching the trend ir
net per share Of leading corpo-
rations as first-quarter state.
ments become available thi!
month. Also, above-average at.
tention will be given to fore.
casts managements make dur.
ing the spring crop of annua
meetings.
A realization of economists
Evening star., 1962-04-13
New Stores Planned
By Lord & Taylor

Lord & Taylor, which oper-
ates a large BetheSda-Ch
Chase store, has contracted tc
buy land for a new store ir
Stanford, Conn, and has
picked sites for other stores ir
northern New Jersey and in
the Jenkinstown area of Phil
adelphia.
This was disclosed yesterday
in the annual report of it;
parent pany, Associated
Dry Goods Corp. At least two
of the new Lord g. Taylor
stores are expected to be opened
in 1868 and 1864. it was stated
Expansion of other subsidiaries
was outlined in the report, in.
Guiding Stewart & Co. of Balti.
more.
Net income Of the parent
company amounted to $l0.755,.
218 or S5.35 a share in SO week!
of 1861, compared with $685.
$50 or $3.50 a share in So week;
of 1860. Sales rose to 326,834,.
295 from 85,327,445.
Evening star., 1962-04-13

compared with S1.492, ,380,0 ,090 a
month earlier and 81 1,329,8 9,863,077
a year earlier.
Invested savings also set a
record of s1,306.26 700, COM
pared with 1.291,771.853 a
month earlier and S1.169,648,-
TAI on the same 1861 date.
Outstanding real estate loans
aggregated S1.341,143.527 on
March 81 VS.. $1,328.544.3l6 a
month earlier and 81. .180.4l7,-
372 a year ago.
Reserves totaled S101 ,852 .463
at the end of March VS.,
SlO4,778,673 a month earlier
and S91.31O.O57 a year earlier
Borrowings from the Federal
Home Loan Bank System to-
tailed $38,32O,OOO on March 81
VS.. $42.895.000 a month earlier
and S32,443,070 at the end OF
March last year.
Evening star., 1962-04-13
Sales of EIectronic
Wholesalers Climb

Sales of Electronic Whole
salers, Inc. exceeded $12 mil
lion in its fiscal year ended
March 81, a gain of 25 per cent
from the previous year. re-
ported Board Chairman STAN
ley Rosensweig.
The record volume included
operations of the Washington
headquarters plant and divi-
sions in Baltimore. Miami
and Melbourne, Fla, Winston
Salem, N. c. and Huntsville
Ala.
Three new directors have
been added to the board. Mr.
Rosensweig announced. They
are: Francis r. Isbelle, the
firms financial vice president;
J. Russell Bolton, vice presi-
dent Of National Savings and
Trust Co., and Robert L. Wolf
son, board chairman of G. E
M. International, Inc.
Evening star., 1962-04-13
DC. Savings Bond
Sales Rise a Pct.
From Year AGO

Sales of Series E and H
United States savings bonds in
the District of Columbia to-
tailed $12,060,000 in the first
three months of this year. a
gain of 4 per cent from
$11,590,000 a year ago, it was
announced today by E. c. Baltz,
chairman of the District Saw
ings Bond Committee and pres
ident of Perpetual Building
Association.
The quarters total is more
than one-fourth of the Dis
trict'S 1862 goal of SAT million
and this is far above average
for the Nation.
Mr.. Baltz said the Freedom
Bond Drive, an intensive
Nation wide savings bond ef-
fort, will start May / and viii
continue to June 80.
Evening star., 1962-04-13
Mortgage Insurance
Firm Reports Gains

Application volume for the
three months rose to $1l3.-
322, ,909, a jump of 80 per
cent from s57,l48,342 a year
ago.
New insurance write n
totaled $50, 3,883.362 VS.. 43,997.-
695, a 81 per cent increase.
Gross premium volume to-
tailed S996, ,280 VS.. $490. .280, a
jump of 102 per cent.
Insurance in force stood at
$603, ,200.507 at the end Of the
quarter, compared with S302.-
625,19 on the same 1861 date,
Mr.. Karl reported.
MGIC is the only private
mortgage insurance firm in
the country operating on a
nationwide basis, he pointed
out.
Evening star., 1962-04-13
CHICAGO
LIVESTOCK

CHICAGO. April 13 (APD (USDAl-
Hogs $500: butchers under 30 lbs
moderately active, opened fully steady
closed steady to weak: weights over 23C
lbs rather slow, steady to weak. in
stances wvt lower on the close; sows
steady; fair shipping demand mostly
around $50 head at 1900: mixed !,
lsO-23O lbs l6.25-1675: few lots down
to Is 90: mixed Is 23O-25O lbs 1873
1925; "a 240-2SO lbs l5.25-15.75
p 100000 lbs l250-l4
Cattle 200: calves none: receipts
mostly slaughter cows: not enough any
other class on offer to establish a
trend: cows active, fully steady; utility
ners and cutters 1325-16.5O.
Evening star., 1962-04-13

The savings and loan associa-
ton industry urged the Senate
Finance Committee yesterday
to soften the impact Of tax in
creases applied to the associa-
tions in President Kennedy's
tax revision bill.
The bill would tax the asso-
Citations and mutual savings
banks on up to 40 per cent OF
their net income to bring in an
estimated 5000 million a year.
They pay only minor levels
now.
Oscar r. Kreutz, appearing
for the National League of In
Sured Savings Associations,
asked that the groups be per-
mitted to deduct rs per cent of
their net income to provide bad
debt reserves, thus cutting the
taxable ceiling to IS per cent.
Asks Transition Period
At the very least, he said,
the associations should be given
a three or four-year transition
period to adjust to the impact
Of the new tax.
Mr.. KreutZ, chairman of the
First Federal Savings and Loan
Association. st. Petersburg, Fla,
noted that representatives OF
commercial banks testifie d
Wednesday that the savings
and loan and mutual savings
institutions should pay even
higher levels than voted by the
House.
But commercial banks have
special advantages over saw
ings and loan Associations,
such as the ability to accept
checking accounts without pay
ing interest and the power to
invest substantially in tax-ex-
empt securities, he said.
IT the commercial bankers
are successful in their program
Of so-called tax equality they
will succeed in diverting at
least So billion out of savings
and loan associations into COM
mercial banks" he said.
The bulk of the savings SO
diverted will not find its way
back into the home mortgage
business"
Sees Corrective Possible
Henry Bubb, Topeka, Kans.,
appearing for the United States
Savings and Loan League, also
asked for a transition period
Evening star., 1962-04-13
GIN Plans Small Car
For Europe Market

DETROIT, April 13 (AP).-
General Motors said yesterday
its Opel division in Germany
will build a new small car for
introduction in the European
market later this year.
The four-passenger car will
be called Kadett and will use
a new four-cylinder engine
mounted. in front.
No immediate indication was
given on possible importation
into the United States. The
Buick Division Of General
Motors recently resumed i'm
porting the larger Opel models
after a lapse of more than a
year.
Evening star., 1962-04-13
MeIpor Receives
New $l.4 Million
AT Contract

Melpar, Inc, area subsidiary
Of Westinghouse Air Brake,
has been awarded q $1.4 mil
lion Air Force letter contract
for production Of nine GAM
Guided Air Missile) SO ALB
missile trainers.
The electronics firm last
year announced receipt of q
contract for seven Of the train
ers after delivery Of the proto-
type and two production mod
els. Contract awards to Melpar
to date for these trainers and
their development now total
$2.S million.
Evening star., 1962-04-13
National Instrument
Reports 1861 Gains

Net income Of National In
strument Laboratories of Wash
ington amounted to $32,983 or
II cents a share after provi-
sion for taxes in 1861, COM
pared with S865 or .004 cents
a share in the previous year.
Reelected directors at the
annual meeting we're: Abraham
Bloom, DR.. Herbert Goldsmith,
DR.. Alfred Henley, Dale I. Steele
and Joseph Weichbrod.
Evening star., 1962-04-13
FoirchiId Buys Firm
YORK. April l3 b

NEW YORK, April 13 (AP)
.-Fairchild Camera & Instru-
ment Corp. has purchased the
assets of Di-Tran Corp. a Los
Angeles Instrumentation firm
Fairchild said it was cash
transaction, but disclosed nc
figure.
Evening star., 1962-04-13
Sandy Spring Bank
Wins New Branch

First National Bank of Sandy
Spring, Md, has received ap-
proval from the Controller of
the Currency for establishment
Of another branch office.
1t will be located near the
intersection of Colesyille road
or Route $50 and the Colesville-
Glenmont road in Montgomery
County.
Evening star., 1962-04-13

Mortgage Guaranty Insur-
ance Corp. which insures
mortgages of many large saw
ings and loan associations of
this area and has stockholders
here. recorded substantial
gains in the first 1862 quarter,
President Max H. Karl reported
in Milwaukee. Wis. yesterday.
Per share earnings in the
three months rose to 26 cents q
share from 7l2 cents a share
in the same 1861 period. The
contrast would have been even
greater, but for a 5 per cent
stock dividened in March and
a public offering last October.
These increased shares to l.
534.374 this year compared
with 1,265,118 a year earlier.
Evening star., 1962-04-13
GE Eurninqs
Jump 81 Pct.

NEW YORK, April 13 (AP)
General Electric Co. reported
yesterday a 80 per cent increase
in earnings and an II per cent
gain in sales in the first three
months Of this year, compared
with the 1861 first quarter.
Earnings totaled SIS, 1858 900,
equal to 63 cents q share,
against $42,476, 900, or 48 cents
q share, a year earlier.
Sales rose to $1,100,566, ,00t
from 1892, ,622, 900.
Evening star., 1962-04-13
Shares in American
Industry to PoY

Directors of Shares in Ameri-
can Industry declared a divi-
dend Of 5 cents a share from
investment income and a capi-
tai gains distribution of 29
cents a share, it was announced
yesterday.
Both dividends will he paid
May IA to stockholders of rec
ord April 27.
Evening star., 1962-04-13
S6Ls Urge Senators
To Soften Tax Impact

for application Of the new tax.
Congress thus could correct
the situation IF it should
develop that the burden on
business is too great" he said,
adding that the House bill i'm
poses more than q 1000 per
cent increase in corporate tax
alton Of savings and loans"
Evening star., 1962-04-13

mercial banks here financed
484 such mortgages totaling
S5.205. 900, insurance companies
handled SO for $6S2,O00. while
individuals financed 4,795
mortgages for S23.556.000. The
grand total here for the year
was 1884 mortgages amount
ing to s92,O32,OOO.
U. S. Trend Similar
Over the entire Nation, saw
ings and loans put up Sl3.662,-
255.000 for this type of financ-
ing. compared with $4.996, $50.
900 from commercial banks. ST.
59,592,000 from insurance
companies. S1,74O. 100000 from
mutual savings banks and So
4l,672.000 from individuals.
In January of this year, the
board also reported Washing
ton savings and loan asSocia-
tions financed 346 of these
mortgages totaling S3,434.000.
Commercial banks here fl
nanced 80 for $431 900 and in
surance companies handled
only four for $4,000.
Individuals finance 37(
mortgages for $1.736,000. The
overall Washington total fol
January was 857 mortgage:
amounting to $6,37l,0 900.
The national mortgage tota
for January was S2.459.l .l80, 900
including $1.041,436,OO0 from
savings and loan associations
s400,342, 900 from commercial
banks. S138,339,00O from mu.
:ual savings banks, S88, ,488. .00(
from insurance companies anC
1894 .049,0 900 from individuals.
The dominant role of savings
and loans in home mortgages
mas been emphasized frequently
n recent warnings that pro.
posed sharp increases in theil
Federal income taxes will i'm
pair their ability to lend money
and will have a serious effect
on home financing.
Net Inflow Smaller
The net inflow Of savings in.
20 81 member associations ol
The District Savings and Loar
League was off moderately
from a year ago in March, but
up substantially from the pre-.
vious month. League President
John G. Kolb disclosed in hi;
monthly report.
The associations received
$42,771,532 of new savings il
March, while share purchases
or Withdrawals amounted Il
$28,740,091. leaving a net in
flow of $14,031,44l. The ne
for the previous month wa
$9,247,373 and in March las
year was S19,l98,ll6.
Loan disbursements in Marcl
totaled $32.082,073, while re
payments amounted to S23. $50,
378. leaving a difference o
S8,461, sos. In the previou
month disbursements were $22,
460,420 and repayments S19,
862,203, a difference of $2,598.
217. In March last year, tn,
totals were $31,099,823 ant
$22,225.997, respectively, leav
ing a difference of $8,873.825.
Loan settlements in Marcl
rose to $29,837, 1903 from $21.
292,534 in the previous month
but were behind $31,4l2,013 il
March last year.
Assets at New Peak
Assets of the 81 association
reached a new all-time peal
of $1,500,908,212 on March 81
Evening star., 1962-04-13

This is the lest Of four stotements by
security snelysts designed to help
investors both experienced and less
experienced in investing in stocks.
Evening star., 1962-04-13
BUILDING Contract Let

Arthur Venneri Co. of WASH
ington has received a $2,476, 900
contract for construction Of a
satellite systems building at the
Goddard Space Flight Center in
Greenbelt, Md.
Evening star., 1962-04-13
By HARTMAN L. BUTLER, Jr.
Past President. investment Analysts
Society Of Chicago

CHICAGO April 13 CNANA) /.
I'm my view the basic factor
that will affect the stock mar
ket for the next nine months
will be the magnitude and tim
ing of the improvement in
corporate earnings.
In terms Of the disappoint-
ing earnings Of both 1860 and
Evening star., 1962-04-13
Savings and Loans Keep
Biz Lead in Financing
Small Mortgages Here
By DONALD B. HADLEY
Star Financial Editor

large part of the money for financing mortgages of
$4,000 the National Capital continues to from
savings associations estimates from the Federal
Home Loan Bank Board disclosed today
Savings loans financed 5308 of these mortgages
amounting S5l $4,000 1861 In the period
Evening star., 1962-04-13
TREASURY BONDS

NEW YORK (AP)-Noon over the coun-
ter U. S. Government Treasury bonds,
bid, asked, net change and yield for Fri
Evening star., 1962-04-13
AMERICAN STOCK EXCHANGE
Sales High Low 200 Chg
Sales High Low 200 Chg.

Furnished by the Associated INCLUDES ISSUES
Exchange ~
Evening star., 1962-04-13

TTTCts QuUtVU III UUTIoTs uTu trII
onds.
Partially tax exempt.
wi When issued.
Evening star., 1962-04-13
Assets at New Peak

Assets of the 81 associations
reached a new all-time peak
of $1,500,908,212 on March 81,
The Sidney herald., 1962-08-08
Personals About Sidney

and family. WAi,e there Mrs.
Garcia and grandchildren enjoyed
a tour of Yellowstone Park.
Mrs. Albert Mayer of Wayzata,
Minneapolis, returned home Tues
day following her annual visit
here through the harvest season.
Mrs. George MieIke spent last
week in Fairview where she was
a guest of Mrs. Roy Collins and
her family.
Miss Joey Schmidt returned
Friday from a months visit with
relatives at points in North Da-
kota and southern Minnesota.
Mr.. and Mrs. Leo Anderson
and family have returned from
a fishing trip to Candle Lake near
Prince Albert, Saskatchewan.
The Bruce johnson family of
Portland, Oregon, are visiting
here at the home of his parents,
Mr.. and Mrs. Oscar johnson.
MI. and Mrs. Bruce Harris
have for their houSegueStS their
Son-in-law and daughter, Mr.. and
Mrs. Milo Gaul and daughter
Kimberley of St. Paul, Mimi.
DR.. and Mrs. r. d. Benson are
looking forward to a visit this
week with Mrs. Benson's sister
al-law, Mrs. Ed Dix and her
son-in-law and daughter and
their two children of San Jose,
California. They are expected in
Sidney Thursday.
The Sidney herald., 1962-08-08

Mr.. and Mrs. Chris Iverson and
Rudolph FrandSen were a week
ago Sunday visitors at the Harold
Bentsen home.
Mr.. and Mrs. Roger Johnson
and son visited at the Dan Daniel
son home Sunday.
The Sidney Boat Club of Sidney
had their picnic Sunday.
Mr.. and Mrs. John Sawyer well
coined a new granddaughter born
to the Lyle Smiths. They are car
ing for the three older children.
ROdell BentSen and Jim JoSlin
are spending the weekend at the
GOrdan DewnOh home at Sheridan
Wyo. While there they will take
IN the Indian Days celebration.
The John Almond family visit
ed at the Harold BentSen home
Sunday.
The Sidney herald., 1962-08-08

Ridgelawn HomemakerS club
met Thursday at the home of
Mrs. Ejnar Rasmussen with Mrs.
VIM. Fink as co-hostess. Mrs.
Holger Petersen, a member,
brought three out of town guests
past SchoolmateS of Mrs. Ras-
musSen, three daughters of HOl-
ger Petersen, whom she hasn't
seen in years, Mrs. Esther Lyche
and Mrs. Mildred Carlson of Los
Angeles, and Dagna LilienskjOld
Of Denmark.
Mr.. and Mrs. Aronld Dige and
family were Sunday dinner guests
at the Eta ThCgersCu home. 9th
er guests were Mr.. and Mrs.
Enoch Iversen and family and
MI. and Mrs. Howard Nielsen and
family of Westby, Mont, the Oc-
casion being Mrs. ThogerSen's
birthday.
Sunday guests at the Ed Renner
home were his two brothers and
mother, Mr.. and Mrs. Alfred Rem
ner and family, Ernie, Mrs. Anna
Renner of Alamo, n. ID.
Elmer and Leo Gallaher OF
Milwaukee, Wis, and Russell
Williams were supper guests at
the Ejnar RasmuSsens'. Elmer and
Leo were here to attend funeral
services for their sister, Mrs.
Madaline Dave.
Mr.. and Mrs. Neils B~aadSgaard
aud Sharon recently visited their
son-in-law and daughter, Mr.. and
Mrs. Elso RENTS of Ennis, Mont
and with Mrs. BaadSgaard'S sis
ter and her husband, Mr.. ano
Mrs. Clarence Wells of Grea.
Falls.
The Sidney herald., 1962-08-08

ride and model business meeting
which they invited us TO.
Because Of harvest, we decided
to move our next meeting UP
from August 10th, to July 18th.
The meeting was adjourned, and
afterwards demonstrations were
given by Billie Jean Panasuk,
Terry Panasuk, Toby Panasuk,