davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-05
Steel Demand
May Hold Up
During Year

CLEVELAND, FEB. 3 (AP) -
The inventory buildup will not
smother steel demand in the
second half of the year because
of high consumption and buyer
restraint in building inventor
les, Steel Magazine said today.
The Woodworking weekly
said steel consumption during
the third and fourth quarters
will be higher than it has been
in recent inventory recessions"
and new orders for steel will
be booked in reasonably good
volume.
Steel analyses the situation
this way:
steel inventories will reach
about 81 million tons on July l.,
five million tons above normal.
So they'll probably be cuts by
about that much in the second
half.
During July. August and
September, users will liquidate
inventories at the rate of one
million tons a month.
Result: The average rate of
steel production will fall from
more than 10 million tons a
month in the second quarter to
about seven million tons a
month in the third. The nor
NAL summer slump in steel de-
mand won't be much worse than
usual, but it will seem sad by
comparison with the buoyant
period preceding it."
Steel production this week is
expected to be slightly higher
than the 2,420.000 tons the pub
LEGATION estimates the industry
poured last week, when tonnage
reached the highest point since
the week ended April 2, 1860
The magazines price COM
posite on steelmaking scrap de-
clined 83 cents to $36.67 a gross
ton last week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-05

DuSlIleSSIllcll OlU6T are unable
to pass on higher costs in prices
charged.
The Presidents goal of a
5000 billion Gross National
Product by 1868 does not seem
especially high, the bank re-
view conceded.
TN current dollars, the GIMP
rose at an average annual rate
of 5.3 per cent from 1854 to
1861" it declared.
But the President wishes to
achieve his goals without fur
ther price increases. This is a
horse of a different color. In
1854 dollars, with price move
ments eliminated, the annual
average increase in GIMP was no
more than 81 per cent. In
other words about two-fifths
of the 1954-1961 attributable to
initiation" the review empha-
sized.
whether brakes can be put
on the cost increases that make
price initiation inevitable seems
dubious" it continued. 1.-THE
President saw no threat of ris-
ing prices from excessive de-
mand pressures, but warned
against the threat of market
power initiation. He made a
strong plea to business and
labor leaders to hold the line
on prices.
Nevertheless, as witness the
25-hour week won by electri-
clans in New York-implying
as much as a 20 per cent in
crease in hourly labor costs
there is no moderation of de-
mands for higher wages.
Meanwhile, State, local and
social security tax burdens on
employers push ever upward"
it added.
1.-THE President, however, ex-
pressed confidence that the
price problem was being licked
and said there was growing
recognition that the road to
higher real profits and higher
real wages is the road of in
creased productivity. Certainly
this is something businessmen
understand. But Acceptance of
this principle among trade
union leaders leave much to be
desired"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-05
Associations
See Dividends
Cut by Taxes
BY TRUMAN r.. TEMPLE
Star Staff Writer

A proposed new tax on saw
ings and loan associations will
ultimately force them to cut
their average dividend to savers
to 3la per cent from 4, an in
duStry official said today.
Kenneth G. Heisler, man.
aging director of the National
League of Insured Savings AS
sociations, said in Washington
that the bill would affect
dividends paid to 80 million
savers.
The House Ways and Means
Committee on January 80 voted
to remove what the Treasury
had called a virtual tax ex-
emption" on both S & LIS and
mutual savings banks. Their
bill, tentatively approved in
committee, is expected to be
reported to the House within
three weeks.
Savings and loan associa-
lions currently are paying their
savers an average dividend of
approximately 4 per cent a
year." Mr.. Heisler said. I'm
position of the full tax con-
templated by the Ways and
Means Committee would leave
these associations no alterna-
tive but to reduce their divi-
dend rate by approximately
one half of one per cent on an
annual basis to 31a per cent"
The League statement was
based on a study of associa-
ton finances in 1860.
Actually, the increase in
taxes on the thrift institutions
won't come overnight, even if
the administration backed bill
is passed this year. The COM
mittee plan calls for a gradual
tax rise between 1868 and 1866,
when lit would reach full
effect.
The Treasury has estimated
the tax load at $3.50 million by
1866. Currently the more than
$500 mutual savings banks and
S. & L. pay Federal Income
taxes totalling only about ST
million.
The bill promises to sharpen
competition between the thrift
institutions and commercial
banks for the savings dollar.
Many commercial banks have
raised their interest rates on
savings accounts to 4 per cent,
taking advantage Of liberalized
rules announced last December
by the Treasury.
The new House bill would
raise taxes on thrift institu-
lions by reducing the amount
of earnings that CAN be trans
ferred to bad-debt reserves.
Such reserves are now tax
free, so long as they do not
exceed IL per cent of savings
investments.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-05
Checchi Firm Names
Vice Presidents

Checchi and Co., economic
and management consultants
has announced the election Of
Soloman H. Chafkin and Ar
thur A. Checchi as vice presi-
dents.
Mr.. Chafkin has supervised
foreign project analysis ano
international financing activi-
ties of the company for the
last two years. He formerly
was with the international Co.
operation Administration.
Mr.. Checchi directs the
firms counseling activities or
food and drug matters. Before
joining the staff in 1859, he
was with the Food and DRUG
Administration.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-05
Price Growth Fund
Shows Biq Gain

T. Rowe Price Growth Stock
Fund, which has many stock
holders in this area, reported
net assets increased to ST., 1885,
OTIS on December 81, compared
with $39,913,712 a year earlier
Net asset value increased to
$3.50 a share on December 81
from $14.15 a share a year
earlier, which represented a
gain of % per cent after ad-
justment for a 50-cent distri-
button paid in December from
realized profits on sale of Sc
curities.
Mr.. Price pointed out that
assets rose 1913 per cent in the
year while the number of
shareholders increased 7,166 or
64.7 per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-05
New England Firm
ACQUIRED by ARC

Atlantic Research Corp. of
Alexandria, Va, has acquired
General Communication Corp
of Boston, Mass, President
Arch c. Scurlock announced
today.
The New England company
designs and manufactures mill
tary radio naturalization
equipment. 1t employs about
$50 persons and reported sales
exceeding So million last year.
ARC had held about 20 per
cent interest in the electronics
firm prior to the merger. The
acquisition was through an ex-
change Of stock. Exact terms
were not disclosed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-05
YOUR
MONEYS WORTH
Gunqsters in the Stock Market
~ SYLVIA PORTER

90 Because of the stiff laws
passed IN New York since 1859
on the urging of Attorney Gen
eral Louis j. Lefkowitz to curb
abuses and force disclosure by
securities statesmen of any
criminal record, the mobsterS
are moving away from New
York and into other areas.
THE worst regions now are
Florida, New Jersey and Mary
land" says Mr.. Lefkowitz.
90 A new breed of unscru-
pulous but more sophisticated
promoters is trying to infil-
trate the securities business.
Tops on the N. Y. attorney
generals black list now are:
Robert l.. Bradford: He's
currently serving a jail sem
tence for allegedly fraudulent
activities in the sale of Brad
ford Audio Corp. stock. is de-
scribed by Mr.. Lefkowitz "as
one of the most artful and
dangerous men in modern fl
nancial history"
Charles and Edward Lesser:
These are brothers and ex-
convicts residing in Oyster
Bay, Long Island. Only a few
weeks ago. the N. Y. attorney
general summoned them for
questioning in connection with
a scheme to produce a motion
picture portraying the Life of
Saint Patrick" This case (de-
tails in a future column is
now in the litigation phase.
Norman N. Rankow: His ad-
dress is Rego Park, N. Y. He's
also an ex-convict, alleged to
be a principal in the Saint
Patrick" deal.
George Futterman: His
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-05

total was an 88 per cent in
crease for the like period a year
earlier, when sales OF 133,092
were reported.
Net income for the 1861 pc
Rod was $5,435 before taxes,
compared to a net loss of 81
938 in the same period for 1860.
William B. Goggins, company
president, said the rise in in
come was due to sales of pre-
ventine maintenance equipment
for magnetic computer tape and
increased activity in the COM
puter application division.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-05

bier sales Of Mercedes
Benz cars In the United States
last year were UP six per cent
over 1860 to reach an all-time.
high sales penetration mark.
-. the Mercury Comet will be
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-05

out with a luxury station wag-
on this spring--the Comet VIII
lager. Buick Specials, with
the new VS. engine. are &C
counting for about one-third
Of Bucks new car market.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-05
General Kinetics
Sales Jump SO Pct.

General Kinetics, Inc, of
Arlington, Va, today reported
sales totaled $254,822 in the
first six months of its fiscal
year ending November 80. The
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-05
Business Is Reported
Worried by Rise in
PoyroIls and Toxes
BY DONALD b. HADLEY
Star Financial Editnr

Business leaders concerned practical problems of
absorbing increasing wage and tax and skepcal
view OF the rosy predictions in President Kennedys
report to the Nation
This was reported today in the monthly the First
National City Bank OF New York which pointed that
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-05
OVER COUNTER

Following prices furnished by the Ma
tional Association of Securities Dealers in
washington represent the range within
been bought or sold at / pm. Monday
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-05
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, 1962-02-05

T Partially tax exempt.
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1962-03-15

st. Luke's hospital in Clevel-
land and they have named
the little one, Leslie Marie.
This makes 3 daughters for
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1962-03-15

March Is at z pm. until 3 p.
m.
The Newbury United, Com
munity church observed Holy
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1962-03-15

Flasher button, 3-posifion
switch, honsup hook. At this
price get two, one for the
home -. one for your car.
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1962-03-15

Red rubber, with leak
proof m o d e d neck.
Bukelite stopper. Save
8le
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1962-03-15

Wide ruled, 5-hole punch. 8 x
lol2", marginal ruled. Two
rounded corners.
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1962-03-15

Don't miss this onee-in-o-
lifetime buyl Save zoe
on each bottery.
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1962-11-30

MISSOULA-The Western
Montana Scientists Committee
on Radiation Information has
just received information from
state and federal authorities
concerning the problem of
milk contamination by radioac-
tive iodine, Eleanor Y. Yawry,
WMSCRI secretary, announces. This
is of concern because it has been
shown to cause thyroid disease in
animals and because it is a product
of nuclear weapons tests.
The Committee believes that this
information is of public interest, be-
cause of the recent AP press release
concerning increases in radioactivity
of milk. (See MISSOULIAN, Novem-
Der 1, 1862. This news release stated
that Palmer, Alaska had an average
of 73O picocuries per liter in Septem-
Der and that the United States Public
Health Service does not regard this
level as hazard. CA picocurie is
unit of radiation, equal to one micro
microcurie.)
However, according to data supplied
WMSCRI by the USPHS, if a person
drank 1 liter of milk (about 1 qt.)
per day for year at Palmer, Alaska
he would have ingested considerably
more than 100 picocuries per day
due to radioactive iodine. According
to the Federal Radiation Council as
in HEW report V. 72, No
vember 1862, maximum daily in
take of 100 picocuries per day for
a year is considered an acceptable
health risk.
This implies that milk in Palmer,
Alaska was over the acceptable
limit. These same reports show that
Spokane milk reached two-thirds
of the acceptable limit, and Salt
Lake City was very close to the
limit.
However, WMSCRI feels that no
Judgment can be made about health
hazards at this time because the Fed
9ral government apparently has no
present standards by which to judge
he degrees of hazard. Until last
August the Federal Radiation Coun-
ii set guide lines limiting the amount i
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1962-11-30
THE INFLUENCE OF THE
MILITARY
People who see world packed with

The tie-in between our military
and our industry is. no casual thing.
In a few communities three out of
four or even five out of six families
are dependent directly or indirectly
on Pentagon largesse. What would
happen in city after city if real dis
armament was announced tomorrow?
Transferring our economy from
military to consumer regime would
present difficulties comparable to
taking a human being off drugs.
Would the military stand idly by and
watch their bureaucracy and their
power wither?
The influence of the Pentagon
abroad is destructive of the demo-
cratic ideal. 1t has almost always
been identified with kings or feudal
overlords whose pretences of re-
form have been hollow.
Thanks largely to the Pentagon,
Thailand has lost all the momentum
of her 1882 revolution and has re-
verted back to the kind of dictator
ship she knew in the 18th Century.
The truth is that the Pentagon feels |
much more at home in Saudi Arabia |
Or South Korea or Taiwan than in |
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1962-11-30

Communists or who will make no
pacts with them are more and more
ready to accept the security of mill
tary solutions.
The danger of the impact of this
psychology on us was summarized by
Eisenhower in his farewell address
to the nation:
GIN the councils of government,
we must guard against the acquisi-
ton of unwarranted influence,
whether sought or unsought, by the
military-industrial complex. The po-
tential for the disastrous rise of
misplaced power exists and will
persist.
eve must never let the weight of
this combination endanger our liber-
ties or democratic processes. We
should take nothing for granted. Only
an alert and knowledgeable citizenry
can compel the proper meshing of the
huge industrial and military. machin-
cry of defense with our peaceful
and goals, so that security
md liberty may prosper together"
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1962-11-30
merged, his voice is more indistinct.

The Pentagon that gets roughly
$45 billion a year also makes for
conformity. Through a thousand in
fluences that have reached us since
World War II, we are conditioned to
the idea that the Pentagon has the
answer to communism; and for far
too many years we have rested secure
in that belief. Containment of COM
munism by military programs became
a new Maginot Line. Each of us be-
came a military expert of kind.
What islands should we surrender?
Should not the East Berlin wall be
demolished? While the Marshall Plan
worked well in Europe, it was not
suited to the underdeveloped areas.
We overlooked the fact that our
foreign aid program was used not to
re-establish viable democratic soci-
cites but to shore up old feudal re-
gimes. Dollars and guns were our
security.
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1962-11-30
Lack of Radiation CuideIines
DepIored By Scientific Group

| Of radioactivity permitted in fresh
milk sold for immediate consumption.
If the amount of radioactive iodine
in milk rose above 100 picocuries per
| liter the FRC recommended control
actions to reduce levels below this
amount. Such control actions would
consist of diverting fresh milk into
manufactured dairy products, thus
allowing time for radioactivity to
decrease; switching cows from pas
ture to protected feed supplies such
as hay; and recommending that preg-
nant and lactating women switch to
evaporated, canned, or dried milk.
In July 1862 Salt Lake City re-
corded levels of radioactive iodine in
milk in excess of 1000 picocuries
per liter. The Utah State Health De-
partment took some of the control
actions mentioned above. This was
done in accordance with the direc-
tives of the FRO. One month later,
h owev yer, Secretary Celebrezze
changed the policy in such manner
that, in effect, no radiation guide
lines exist at the present time with
respect to fallout. Without guides it
would seem impossible to assess
whether any given level of iodine in
milk is hazard.
With respect to the problem in
Montana, WMSCRI has been adj
vised by the State Health Depart
ment that latest figures for Helena
milk, for the period October 21-27,
showed that the highest amount
was 16O picocuries/1. This is in
range that under previous guide
lines would have called for control
action if such levels continued for
a sufficient period of time.
According to scientists of the st.
Louis Committee for Nuclear In
persons drinking Helena
milk (Which comes from several areas
If Montana, including the Missoula
have for months in 1862
cached $40 of the old annual maxi
mum tolerable dose; Spokane 64%o.
1t is also of interest to note that
milk from Calgary, Alberta, reached
'21 picocuries/1 in September 1862
.ccording to the Department of Ma
ional Health and Welfare, Ottawa.
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1962-11-30
OUR JEEPS BRING NO
MESSAGE OF HOPE

A strong internal police is neces-
sary in any country. Police forces are
especially necessary in fragile ma
tions. But arming the feudal over
lords in the manner we have done
is something else. Asia, Africa, and
Latin America have never known de-
mocracy or liberty or freedom. Those
terms are empty and hollow. A few
men or few families own the coun-
try; the rest are serfs. There are few
If any schools; few if any doctors;
few if any opportunities to escape
the slavery of ignorance, illiteracy
and disease. The jeeps of the Penta-
gon that roar through those villages
bring no message of hope. The re-
glmes we arm and support with law
ish funds usually have no program
of reform.
Due largely to the Pentagon in
fluence our heroes seem to be the
see page 6
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1962-11-30
The Submerged American
(By U. S. Supreme Court Justice WILLIAM o. DOUGLASS
CAS- reprinted in FRONTIER Los Angeles)

Radio effect the
with of
world, William Douglas Thus,
crucial issues He SIS foreign pcyhe life and death
all the
military
Justice Douglas position
Institute Ethics Relations under the of the Uni
versiy of of Angees-Editor o. FRONTIER.
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1962-11-30

places like Israel and India where
there is true political renaissance
under way.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-26
BY CECIL HOLLAND
Star Staff Writer

COLUMBUS, Oct. ga Re-
publican tide seems to be run
ming in Ohio in this off-yeal
election.
Unless there is some unex.
pected change, it will carry the
Buckeye State back into its ira
ditional conservatism on No
vember 6.
At this stage of the campaign
the Republicans appear likely tc
pick up a coveted governorshir
which could have an important
bearing on the 1864 presiden-
tial race.
Democratic Gov. Michael "
mike Disable, most observers
agree, is running behind Re-
publican challenger James
Rhodes. the State auditor, in a
race which has aroused little
enthusiasm among the voters.
There is a general lack of
interest in the election and
that's Statewide" a Republic
cal. leader said. cts more than
usual in an off-year election. +"
In the reapportionment re-
sulting from the 1860 popula-
ton census, the Republicans
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-26
FoR SALE

IS Of real estate located approximately IA miles
west Of Winchester on hard surface road 1885, i'm
proved by the above room brick dwelling, bath
and half oil heut garage, large poultry
house 32220 frame and block with running wuter and
electricity. hunting lodge with running voter and
electricity. Approximately 80 inhabited by deer
$2ee5000 For complete information contact Julien
A. Every, Manager Federal Lund Bunk Association Of
Winchester As E. Boscuwen ST., Winchester Va, Monday
thru Friday, 800 Am. to 500 PM, telephone 6623479.
After 500 PM. or on weekend can be contacted at
BOyce, Va @2).
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-26
Square Dance Class

Openings exist in two begin
ners' square dance classes for
adults conducted by the Mont
gomery County Department of
Recreation. One class meets
from 8:15 to 1915 pm. Mon
day at the Bethesda Youth
Center, Walsh street, off Wis
consin avenue and the other,
from $3.50 to 1890 I'm.
Wednesday at Woodacres Ele-
mentary School, $500 Cromwell
drive.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-26

the election out of the
thoughts of many voters. Even
the feuding of Gov. Disable and
Mr.. Rhodes, with hints and
suggestions of scandal, has
been relegated to the inside
pages of most of the newspa-
pers.
Both the Governor and the
challenger have been campaign
ing strictly on State issues in
volving taxes, flight of industry
and care for the States elderly
people. Gov. Disable has been
put on the defensive by having
to justify increased taxes to fl
nance the States expanding
needs. His administration also
has been hit by charges of in
fluence peddling to get some
brands of whisky sold in State
stores. A grand jury is now in
vestigating.
The charges have not reflect
ed on Gov. Disable personally,
and many feel that they will
have little effect in the cleo
ton.
People out here think you
can dig up some skeletons in
anybody's closet" one leader, a
Republican, said. "A lot of us
think they should quit looking
for scandals and get on to the
real issues"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-26

support from Republican vot-
ers. with Lausche," said one
prominent leader, "the Republi-
cans feel they will be sure to
have one representative in the
Senate even though technically
he wears a Democratic label
The influential Clevela n d
Plain Dealer expressed a pre-
vailing sentiment in indorsing
Senator Lausche. THE tower OF
his strength" the newspaper
said, "has been his independ-
ence, which has attracted votes
from both parties. Briley
would probably make a good
Senator, but we do not believe
this is the time he should be
elected.