davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-03
GEO Earnings Rise
Above 1861 Levels

Net income of Chesapeake
and Ohio Railway rose to ST.
$4,000 or 10 cents a common
share in July, compared with
81 100000 or II cents a share
in July last year.
Net income for seven months
of this year amounted to SIS
$4,000 or $l.92 a share, COM
pared with $11,322,O00 or $1.37
a share a year ago.
July gross revenues totaled
$24,380,000 VS.. $23 ,595, 900 ir
July last year. Seven months
revenues aggregated $193,752,-
600 VS.. $169,558,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-03
StotIer Hilton Shop
Gets New Owners

Stephen and Richard Dan
zanSky have acquired the lug
gage and jewelry shop in the
Statler Hilton Hotel.
The establishment formerly
was operated by the Schurs and
sells ties, shirts and formal ac-
cessories as well as luggage and
jeWelry.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-03
Earnings

Richardson Merrell Co., par
ent frim of William S. Merrell
Co.-which is the United States
licensee for thalidomide but
sold none of the drug - had
record earnings in the year
earnings in the year ended June
80 of $17,250,000 or $3.50 a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-03

obligations on June 30, COM
pared with S543 .564 900 on the
March 26 call and S484,S52, 900
on June 80 last year.
Included were S542.364.00O
of direct obligations and $780,
900 of guaranteed obligations.
compared with $543,l98.000
and S366.000 on March 26 and
s464 $4,000 and S364,000. re-
Spectively, on June 30, 1861.
Net loans of the banks
amounted to S869, 1888 900 at
mid-year. compared with $685.
$4,000 on March 26 and S794.-
$4,000 a year ago.
Commercial and industrial
loans of S23O,156.0OO were
ahead of 1922 ,479 900 on March
26 but were below 1926, 100000
on June 80 last year. Real es-
tate loans totaled $239,335, 900,
compared with S228,339 900 on
March &c and 1924, $4,000 on
June 80, 1861.
All other loans. including
overdrafts, aggregated S408.-
$4,000 VS.. S387,156,O0O on
March 26 and S342,810,O0O a
year earlier.
AS reported previously, de-
posts totaled S1.693. $4,000,
compared with S1,635,653. 900
on March 26 and S1.54l POI 900
on June 80 last year.
Demand deposits totaled ST.
063.336,000 VS.. S1.048.742 no in
March and S1,0l0,726,O00 o
year ago.
Time and savings deposits of
individuals. partnerships and
corporations mounted to
S484 ,267 900 VS.. S457 .529 900 in
March and 1894 ,423 900 a year
earlier.
Deposits Of the Federal Gov
eminent and postal savings
totaled SOC, 1892, 900 VS.. s55,SO0.-
000 in March, and ssh O96,O00 a
year ago.
Capital accounts of the
Washington banks totaled
Sl50.187 .0C0 on June 30 VS..
S12l.724.000 in March and
Sl07 ,867, GOO on June 80 last
year.
Atlantic Research Corp. yes
terday filed a new registration
statement with the Securities
and Exchange Commission COW
ering $4,000 common shares
that four major stockholders
have indicated they might
want to offer publicly at some
time in the future.
The new registration replaced
a previous statement which
was filed in January covering
possible secondary offerings by
the same stockholders. How
ever, the indicated total in
January was 1863, 460 shares.
AS in the case of the first
registration. some confusion
developed among stockholders
of ARC and the general public
as to the timing of the possible
offering. l.
Actually. the registrations
are designed to cover only pos
sible future developments and
do not indicate any immediate
offering.
The new registration covering
possible offerings of 10000
shares listed three of the stock
holders involved as Atomic,
Physics & Science Fund, Amer
lean Potash & Chemical Co.
and Sloane Manufacturing. /
They have notified ARC they
intend to sell 10000, $4,000 and
$4,000 shares, respectively, the
statement said. They now own
$4,000, $4,000 and 75,460 shares, /
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-03
Metropolitan Paint
To Open New Center

Metropolitan Paint Stores
will open its thirteenth deco
rating center in Fredericksburg,
Va. on September /.
Grover C. Atkins will manage
the new outlet in the Freder-
icksburg Shopping Center on
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-03
METALS

NEW YORK. Aug 3 CAP),-Spot
non-ferrous metal prices today: Copper
81 cents a pound, Connecticut Valley.
Lead Pa, cents pound. New York
zinc lll2 cents ponud East St
Louis. Tin. 1.09as a pound, New York.
Foreign silver Los per troy ounce,
New York. Pittsburgh scrap steel No.
/ heavy was quoted by Iron Age at
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-03
D. 6. Banks Increase
Loans and Holdings
OF u. S. Securities
By DONALD B. HADLEY
Star Financial Editor

Wasngtons II banks and trust companies increased their
holdings of Federal securities and loans substantially
the 1862 fiscal according summary of the
bank condition call from the Controller of the Currency
James j. Saxon.
The Washington institutions held S542 734OO0 of Federal
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-03
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. Friday,
AUGUST q.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-03
Program Under GSA

The Interior Department an
nounced yesterday that tn
lead and zinc sterilization pro
gram, to become operative soon
will be administered by tn
General Services Administra
ton, rr-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-03
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, 1962-08-03
AMERICAN STOCK EXCHANGE

Furnished
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-03

'nds.
Partially tax exempt.
wi-When issued
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-03

600 VS.. $l69.558.OOO.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-03

per cent higher.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
Rates Raised
On Maryland
Auto Policies

BALTIMORE, June 81 CAP)
Higher automobile collision
and comprehensive premiums
on some policies went into
effect in Maryland today.
F. Douglass Sears, the State
insurance commissioner, said
the adjustments approved yes
terday will total about $725, 900.
They apply to about 400
companies affiliated with the
National Automobile Under
writers Association. Policie S
written by the large independ-
ent concerns are not affected.
The changes vary according
to territory, coverage and type
of vehicle. They include an in
crease of 20 per cent for male
drivers less than IS years old.
In Baltimore, for example,
comprehensive coverage - in
GLIDING fire, theft, glass break
erage, windStorm, flood and
other perils-go up 11.2 per
cent.
The cost of a $50 deductible
collision policy will increase in
Baltimore 81 per cent.
Mr.. Sears said premiums on
existing policies will not be af-
fected until they come up for
renewal.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
CHICAGO
LIVESTOCK

:, CHICAGO. June 81 CAP) CUsDA-
Hogs 100, moderately active: butchers
steady to % cents lower: sows about
steady, fair shipping demand; U. S. No.
IL l9O-230 butchers 1S5O-I9. l5
less than 100 head over 1900; mixed
No. ID lS0-230 Ib lS.0O-lS.75; 33O-
25O 10 l7.50-lS.25; 25O-27O ID 100
la.13: load No. 3 around 800 ID
1873; mixed No. 1-3 330-5OO ID Sows
l3.25-l5 $50; 5O0-65O ID I2.50-l3, so
Cattle 10000; calves >; steers grad
ing average choice and better weighing
over LOO lb slow. steady to 25 cents
lower; other weights and grades fairly
active. steady; heifers fairly active
July steady. other classes fully steady
LOADS mostly prime POOL .2T5 ID
slaughter steers $500: few loads 81 y :
and ~ 30; bulk high choice and mixed
choice and prime ! .lOO-l .37j 10 20 90
z 90; bulk choice g5O-l $50 ID "A rs
20. 90; weights under LOO 10 largely
- 75-25. 80: most good steers - 30
"a 30: lew utility and standard 10 30
30: two loads mixed choice and
prime loo Ii heifers 1918: bulk
choice heiierS 2425-25.2 5; good and
mixed good choice - .0O-2425: utility
and commercial cows l5.25-I7 80: few
standard 1900: Gamer and cutter
cows largely l4.O0-l6 90: utility and
commercial bulls 1g.OO-2l 90; few
standard and good vealers 90. OO-25. 90:
CHOICE S25-S45 ID feeding steers % 80
q 20; medium 800 ID Holstein feeders
10 90
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
Printing Business
Widens Activities
In District Area

Private printing and pub
fishing increased its dominance
as Washington's number one
industry in the 1954-58 period,
a study by the Commerce De-
partment reported today.
Data based on census studies
showed that commercial print
ing increased not only in the
number of employees but the
quantity of firms in the period.
Today the industry accounts
for more than half the total
of private industrial companies
in the District, with 281 in
printing and publishing out of
507 for all industries here.
There were 246 firms in the
printing field here in 1854.
Printing employed 1916 in
1858, an increase OF IL per cent
in the four-year period, accord
ing to Horace Hart, director
of the Commerce Departments
printing and publishing indus
tries division.
The study does not take into
account the large printing OPP
by the Federal Govern
ment here.
Mr.. Hart noted mat the an
nual payroll for all employees
in private printing and publish
ing here totalled $66.7 million
in 1858 compared with $49.6
million in 1854.
An interesting development
was the growth CT book pub
fishing in the period. In 1854
there were only eight such pub
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
Earnings

Commonwealth Edison Co. in
II months ended May 81 earned
$85, 221 ,002 or $2.09 a share VS..
$79, $50, 494 or $1.93 in 1861.
Allegheny Power System in IL
months ended May 81 earned
$23,064,137 or STAT a share VS..
$21,767,79 or $2.35 in 1861.
ACT Industries, Inc. in year
ended April 80 earned $6,010,-
900 or $4.21 a share VS.. $685.
900 or $3.50 in 1861.
Diamond National Corp. in
"a weeks ended June 10 earned
Sc, 922,O 900 or $1.5O a share VS..
$6,556,0O0 or $1.39 in 1861
period.
Denver g. Rio CIR. Western
in 5 months ended May 81
earned $3,117,331 or 48 cents a
share VS.. $3,064.252 or 48 cents
in 1861 period
Indian Head Mills in s
months ended June 2 earned
81 1921 900 or $1.20 a share VS..
$1,579,O00 or $1.18 in 1861
period.
City Stores in SO weeks ended
May S earned $1,554,000 or SIS
cents a share VS.. $1,851,0O or
60 cents in 1861 period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
Seoboord Land Plans
Increase in Stock

Stockholders of Seaboard
Land Co. will vote on a pro-
posed increase in capital stock
to permit a 4-for-1 stock split
at the annual meeting at the
Sheraton-Carlto Hotel to-
morrow night.
The company proposes to in
crease authorized Class A COM
mon stock to million shares
from 10000 shares and Class
B common stock to 100000
shares from 10000 shares.
Under present capitalization,
stockholders own 67,747 shares
of Glass A common and $1,000
shares of Glass B stock. Stock
holders also will vote on direc-
tors for the coming year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
Allegheny AirIines
Has Record Profits

Allegheny Airlines reported
net profits of sos, 469 for May
and $162,243 in five months
ended May 81, both records for
their periods since passenger
operations began in 1949.
Mays profit was equal to II
cents a share and the five
months profit was equal to
around 19 cents a share.
The May profit was an in
crease of S42,294 from May last
year, while the five-month
profit contrasted with a loss of
S349 1886 in the same 1861
period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
Steel Orders
Show Slight
Improvement

NEW YORK, June 81 (AP) q.
New orders for steel, long
dragging at low ebb. have taken
an uneven but encouraging up
turn, Iron Age reported today.
The Woodworking weekly
said the improvement was con-
fined to relatively few COM
panies, and probably won't be
translated soon into a stepup
in over all industry production.
1T could be due to local
conditions, product mix and the
trend toward a squirt of new
orders late in the month";" the
magazine said.
There is no indication they
will mean any pickup in produc-
ton in July. Plant vacations,
preparations for automotive
changeovers and other seasonal
factors have washed out July
as anything but a month Of
doldrums."
The magazine foreSaw a
likely substantial improve
ment in production late in
August, and a good recovery
in September.
Last week, steelmaking nil
a 16-month bottom, after out
put slipped lower for the 18th
time in IL weeks to reach {
level only a little over so pc
cent of capacity.
; Iron Age said the pace o
+, the late Summer-early fal
pickup will depend q lot Of
steel buying by automakers,
large-scale consumer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
PEOPLE
BUSINESS

Lawrence H. M. Vineburgh
has been named director of
commercial marketing in New
York for C-E-I-R, Inc. He
previously directed the COM
pany's Hartford center.
Joseph Carpet, president of
Carpet Food Distributing, Inc,
here. has been elected president
of the National Food Distribu-
tors Association. He has been
an NFDA member "a years.
H. James Brown has been
appointed assistant cashier of
the First National Bank of
Vienna.
James Sullivan, vice presi-
dent of Crown-Bremson Indus
tries, Inc, has been elected a
director of CharmCraft, pub
fishers of greeting cards in
Brooklyn, N. Y.
S. A. Cravotta has been ap-
pointed area representative for
Raymond Engineering Labora-
tory of Middletown. Conn D.,
aeroSpace equipment maker.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
BUSINESS
BRIEFS
Wholesale Food Index, based

Wholesale Food Index, based
on the cost of pound each of
81 foods in general use, this
week declined to $5.86 from
$5.87 last week and was below
the $3.50 on the like week last
year.-Dun g. Bradstreet.
Electric Power Production in
the week ended June % totaled
16,628,000,000 kilowatt hours
compared with 1891 900, 900 in
the previous week and was
1872 above the like week a
year ago.-Edison Electric In
stitute.
Construction Contracts over
the Nation in May totaled $4,-
008,718,000, up 14%o from May
a year ago.. w. Dodge Corp.
Health Insurance in some
form was held by 1876 million
Americans-749o of the civilian
population-at the end of 1861,
according to a survey by the
Health Insurance Council.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
Capital Store Sales
7Pct. Above Yeor AGO

Department stores sales in
the Washington Metropoli-
tan Area were Z per cent above
a year ago in May and in five
months of this year showed a
gain of 6 per cent, the Federal
Reserve Bank of Richmond
announced.
The downtown portion of the
area sales total was 3 per cent
above a year ago in May and
2 per cent higher in the five
months.
For the entire Fifth Federal
Reserve District, May depart
ment store sales were 8 per
cent above a year ago in May
and 7 per cent higher in the
five months.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27


Los Angeles led the Nation in
the period this year with 1882
million in new building permit
values. New York was second
with $170.6 million and Hous-
ton ran third with S150.6 mil
lion, an increase of some 54
per cent over that city's total
for the five months last year.
The figures represent per-
mitS for new buildings, addi-
tons. alterations and repairs
but do not include land costs.
In another housing develop
ment, the Federal Home Loan
Bank Board today reported
foreclosures nationally contin-
ued a long-term increase, with
20,926 in the first quarter on
Aon-farm property. The figure
was "a per cent above the like
quarter last year.
Foreclosures totalled 100 in
the II months ended in March,
the highest since 1910. But the
Board noted it was still well
below the record high set in
the depression when 100000
foreclosures were reported in
1884.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
TOBACCO

UPPER MARLBORO, Nd, June -
ZAP USDA) The majority of grades
of Southern Maryland tobacco sold at
steady to lower average prices yester-
day at the auction centers.
Seconds were off ST. and 50 a hun
bred pounds as well as some lower
quality tips and thin crop. Better
quality thin crop continued in good
demand. reports the Federal-State
market news service.
The tobacco was not as good as
that sold on Monday. Deliveries were
lighter. The percentage Of nondescript
and poor quality was the largest of
the year.
Auctions Monday amounted to SOL
374 net pounds and returned S59.lO
a hundred. The average was the lowest
to date for the 1851 crop and down
50 cents from last Friday Sales for
the season reached 27,491 ,67I pounds
and averaged S62.54.
Auction bid averages per hundred
pounds on a limited number of rep
resentative U. S. Grades were as
F,r
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27

fishers in the District, but the
number doubled by 1858.
Newspaper leadership h as
continued its steady increase
ever since 1899 in Washing
ton. In that year there were
eight different dailies published
but only one copy sold for
slightly less than three people.
BY 1854 there were three dailies
and one copy sold for every
inhabitant. In 1858 the num-
Der of copies sold actually out
numbered the population, with
one per SO inhabitants.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
Vance Names
Committee for
Chapter

Following an organizational
meeting of the incoming ad-
miniStration of Washington
Chapter, American Institute OF
Banking. President L. Gilbert
Vance announced the appoint
ment of committee chairmen
and members for the coming
year.
R. Earl zaugg of Riggs Ma
tional will head the member
ship committee. while Donald
E. Doyle of Riggs will head the
advisory and banquet commit
tees.
Edward c. Duncan, jr., of Old
Dominion Bank will serve as
editor of the chapter magazine,
Dollars & Sense. and will have
three assistant editors, James
T. Seitzinger of Alexandria Ma
tional, c. Jackson Richie, jr.,
of American Security and Vir-
GINA L. Orndorff of Old Do
minion Bank.
Charles C. Allies, jr., of Amer
lean Security is chairman of
the educational committee and
Donald E. Tillson of Riggs is
vice chairman.
The public speaking commit
tee is headed by Page D. Gran
ford of National Bank of
Washington and Edward j.
Cunningham Of American Sc
curity is vice chairman.
Joseph Richards III of Riggs
heads the debate committee
and c. Jackson Richie, jr., of
American Security and William
of First National of
Washington are vice chairmen.
Colin j. L. Terrible of Riggs
heads the entertainment COM
mittee and j. Anthony Romero
Of National Savings is vice
chairman. Mr.. Tillson also
heads the house committee and
Raymond A. Beaver of Sub
urban Trust is vice chairman.
John w. Crutchfield of Riggs
is chairman of committees on
nominating, past presidents
and finance.
Daniel P. ReaSe of Citizens
Bank of Maryland heads the
audit committee, while Mrs.
Ethel Miller of McLachlen
Rankings heads the forum. and
seminar committee. Frieda w.
Reynolds of American Security
heads the program unit, while
Clayton E. Doing of American
Security heads the regional
ALB conference committee.
Inez Zaugg Of American Sc
curity is chairman for publicity
and school relations and Rose
mary Kinsey of American Sc
curity and Mile Hart of Riggs
are vice chairman. The rules
committee is headed by Louis
Rowe of National Bank of
Washington. Mr.. Doyle of
Riggs and William c. Vowel,
jr., of NBW are his vice chair
men.
Kenneth o. George of Secu-
rity Bank is chairman of the
athletic committee and Clar-
ence Crawford is his vice chair
man.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
VEPCO Revenues
Show Steady Gain

Virginia Electric & Power Co.
enjoyed an increase of $1,097,-
487 in operating revenues in
May over the same month last
year, and a $14.484,648 increase
for the IL months ending May
81 from the like period last
year.
Operating revenues rose to
$179.312,995 in the 12-month
period ending May 81, equal tC
earnings of 1920 a share com.
pared with $164,828,347 or $1.8t
the preceding year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
Gas Light Announces
Quarterly Dividends

Directors of Washington Gas
Light Co. today declared regu-
lar quarterly dividends on all
classes of serial preferred and
common stock.
The preferred series and their
quarterly dividends are: $4.25
series, S1.06l4; SIS series. SIPS:
S4.60 convertible series, $115;
$4.80 series, S1.20.
The regular 3d. cent dividend
on common stock was also
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
Robert Land Heads
Paper Merchants

Robert o. Land, manager Of
the paper division of ChaS. G..
Stott g. Co., has been elected
president of the District Paper
Merchants Association.
Mr.. Land Joined the Stott
firm in 1884 and has managed
the paper division since 1887.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
METALS

NEW YORK. June 81 (AP).-spot
nonferrous metal prices today: Copper
Lead pa cents a pound, New York.
Zinc liz cents a pound, East st.
Louis. Tin 1.13 a pound. New York
Foreign silver l .04k per troy ounce,
New York Pittsburgh scrap steel No /
heavy was quoted today by Iron Age
at 25.0O-26.0O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
Vitro Gets Contract

Vitro Laboratories of Silver
Spring has been awarded STD
million contract to operate and
maintain the gulf missile range
at Elgin Air Force Base in
Florida.
The contract covers the fiscal
year beginning July /.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
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. Wednes-
dav Jitne o7 1910.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
Construction in DC.
Shows Gain of So Pct.
In First Five Months

Washington ranked sixteenth highest the Nation
strcton activity during the first five months 1862
Bradstreet, Inc, reported today.
The financial data firm said building permit values toaed
$414 million here gain of SO correspond
ing period last year when S39e million reported
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
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, 1962-06-27
Contract Awarded

The Air Force has awarded a
$3,225,000 contract to Inter-
national Business Machines in
Rockville, Md, to improve a
bombing navigation system,
Representative Matthias. Repub-
lican of Maryland, announced
today. The company will per-
form the work in Rockville.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27

voted. All are payable August
to holders of record July 10.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
AMERICAN STOCK EXCHANGE
Sales HIN Low 400 Chs.
Sales HIgh Low 100 Chg.

Furnished INCLUDES
mbOs Explained Notes Following New York
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27
MUTUAL FUNDS

NEW YORK (AP) Bid Ash
National Associa- Inv Resch q.37 lo2l
ton Securities Deal Istel Ed 29.22 y 81
;ers. Inc Johnstn 1895 10 q
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-27

lnds.
T-Partially tax exempt.