davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-01-02
CHICAGO
LIVESTOCK

CHICAGO, Jan. : (AP). -CUsDAD-
HOGS 10000; opening rather slow,
closing fairly active, butchers $50 lbs
and down mostly 80 lower: weights
over $50 lbs % to so lower; sows IS
yeights oyer $50 lbs; soOd shipr ng
17.S0; mostly 1-2 190-225 lbs 17.50-
17.75; mixed Ia 10000 lbs 1900
1850; 230-G60 lbs 16.5O-17.O 90; 2-3
240-2S0 lbs 16.25-16.75: 270-3OO lbs
16.00-16G5; mixed 1-3 320-425 Id sows
13.50-14.T5; 2-3 100000 lbs l2.5O-
1880; few around $50 lbs 12 90; boars
Cattle. 10000: Calves, 100; trading
rather slow, slaughter steers steady to
25 higher. spots so higher; heifers
steady to so higher; other classes
steady: half dozen loads prime LOO
400 ID steers 2S.00-2S.25: bulk choice
and prime 950-1 400 lbs 2525-2S.O0
numerous loads high choice a choice
and prime 6.75-27. so; load lots mixed
good and choice 24.75-25. so: bulk good
E3.25-25.25; few utility and standard
10 .50-23.00: half a dozen loads mixed
choice and prime heifers $3.50; sew
eral loads choice and mixed choice and
prime 1925; bulk choice 2450-G6.OO:
good largely 23.00-24.5 so: commercial
cows 15..5-16.T5: utility 14.50-I5.75;
strong weights holsteins up to 1875:
cutters 13.75-15.00: Gamers 1S25-14.-
25: utility and commercial bulls 1880
2l.50: standard and good vealers 49, 90
$500; no sales stockers and feeders.
Evening star., 1962-01-02
Steel Outlook
Seen as Best
In Five Years

CLEVELAND, Jan. 2 (AP).-
Steel production in 1862 will
reach the highest level in five
years, Steel magazine predicts.
It said consumption will in
crease by 8.5 per cent, or 6
million tons, requiring steel
producers to pour at least 105
million ingot tons. That would
be 7 million tons more than
the estimated 1860 output.
"A strong inventory buildup
in the first half, followed by
only moderate liquidation in
the second half. may result
in an output of 10 million
TONS" the magazine said. That
would place the production to-
tai at just below 1877 million
tons poured in 1857, which was
the third best year in history.
Steel said steelmakers are
starting the year on a modest
note. producing only about 90
million tons this week. But it
noted the inventory buildup
is starting sooner than ex-
pected.
Evening star., 1962-01-02
Food Chain Drops
Plan for SeIIinq
Big Appliances

PITTSBURGH, Jan. 2 (AP)
Giant Eagle Markets, Inc,
had dropped its plan for selling
major appliances in its super
markets due to a lack of con-
sumer interest and customers
complaints.
Vice President Joseph Porter
said today the firm decided to
admit that we had made a mis-
take" in trying the appliance
plan.
Under the plan, customers
were allowed a 51a per cent dis
count on items to be applied
toward the purchase of appli-
ances. It was in effect for about
six weeks. Discounts, Inc,
handled the appliances.
I'VE had a lot of reaction
from customers who didn't want
to participate in the plan. They
wanted to know why they
couldn't get a 512 per cent re-
bate on their purchases. We
knew we were going to have a
lot of problems with it, but we
thought we would have fewer
complications than we had"
Mr.. Porter said.
Evening star., 1962-01-02
Payments LiberoIized
By Citizens Federal

Citizens Federal Savings &
Loan Association of Georgetown
has liberalized rules for pay
ment of dividends in line with
a recent change by the Federal
Home Loan Bank Board, direc-
tors announced today.
Savings received by the 10th
of the month will draw divi-
dends from the first of the
month. Dividends will be paid
on savings up to the first OF
the month in which funds are
withdrawn. y
The association also reported
that year-end assets increased
. by 1896, 900, or 81 per cent over
. December 81, 1860.
Harold w. Burnside, secre-
! tary, said real estate loans in
creased by 1925, 900, or 81 per
. cent to $5,359,000. Savings rose
by 1000, or II per cent to a
new high of $5,563,000. Reserves
showed an increase of $52,600,
or 81 per cent to a new high OF
$3O3, 500. The association COM
pleted it's 10th year in 1861 at
: it's present address, 1900 Wis
consin avenue NV. When it
received it's Federal charter
Evening star., 1962-01-02
$32 Billion
Rise in GNP
Is Predicted

NEW YORK, Jan. 2 (AP).-
A $32 billion increase in the
Gross National Product to a
rate of 1859 billion a year by
late 1862 was forecast today by
the National Industrial Cen
ference Board.
The boards economic forum,
made up of economists and
high ranking industrialists, said
the growth would be achieved
despite major problem areas.
Among these, it said, would
be an unfavorable trade bal
ance. unemployment, unused
industrial capacity, consumer
hesitancy about the inter-
national scene and a squeeze
on profit margins because of
higher wages and costs.
Despite this, almost all of
the advance in GIMP will be
real rather than the product
of initiation" the board said.
1t explained that it expected
wholesale prices will remain
stable and that consumer prices
will increase at a rate of no
more than l per cent.
Listed as factors expected to
contribute toward a business
expansion in 1862 were:
Rising personal income,
larger profit totals Calthough
inadequate in comparison with
past profit margins"), greater
Government demand for goods
and services and a reservoir of
consumer credit.
Also: A favorable replace
ment cycle for durable goods
purchase in the closing half
of the 1950s, better values in
the market place, a steel inven-
tory buildup in the first half
of 1862, and higher produc-
tivity.
1t concluded that "the United
States economy has built fewer
excesses into this recovery than
in the comparable stages of
any other recovery"
Evening star., 1962-01-02

q VAV AAtAAAOAl gam ONCL VllC 4OOO
figure.
American National scored a
20 per cent gain in net operat-
ing earnings in the year, re-
porting $289,878 at year-end
1861, compared with $240, 1899
in 1860.
The year-ehd statement
showed total capital funds of
$3,119,440 compared with the
1860 level of $2,248,442, a 38
per cent gain. This resulted in
part from issuance of $1,000
additional shares of stock in
1861, Mr.. Lasher reported. The
book value of American Ma
tional stock gained II per cent,
rising to $36.70 at year-end
from $33.07 a year earlier.
Total loans and discounts at
year end were $19 million COM
pared with $16 million on De-
cember 81, 1860.
American National is a mem
ber of the Financial General
Corp. group of II banks, most
of them located east of the
Mississippi. Others in this area
include Clarendon Trust Co.,
Arlington Trust Co., Alexandria
National Bank, Union Trust
Co., and First National Bank of
Washington.
The bank operates three Of
fices in Montgomery County at
Silver Spring, Rockville and
Wheaton, and will open a
fourth in Bethesda later this
month. The year-end report is
being mailed today to stock
holders.
Evening star., 1962-01-02
Earnings

Bank of America in year
ended December 81 earned $87,-
782,804 compared with 500, 3,228,-
1T in 1860.
Baltimore Gas & Electric in
II months ended November 80
earned $20,940, 900 or $1.4O a
share VS.. $19, 1888, 900 or $1.34 in
1860 period.
N. Y, N. H. & Hart. r. r. in
II months ended November 80
had a loss of $18,640,564 VS.. a
loss of $13,414,162 in 1860 pc
riod.
Louisville G. Nashville r. r.
In II months ended November
80 earned $11 ,204,942 or $4.58 a
share VS.. $9,052,493 or $3.7O in
1860 period.
Beatrice Foods in 9 mbnths
ended November 30 earned
$6,930,858 or $1.91 a share VS..
$6,262,346 or $1.81 in 1860 pc
riod.
Grand Union Co. in 80 weeks
ended November 25 earned
$4,946,S84 or $1.O5 a share VS..
$5,O50,267 or $1.O9 in 1860 Pc
riod.
CrOssett Co. in year ended
November 80 earned $4,581, 900
or $500 a share VS.. $4,436, 900
or $1.95 in 1860.
FairmOnt Foods in 9 months
ended November 80 earned
$2,859,473 or $1.O4 a share VS..
$2,564,99l or SLOT in 1860 Pc
riod.
Red Owl Stores in 9 months
ended November rs earned
81 ,603,539 or 1929 a share VS..
81 1,646,557 or $2.43 in 1860 Pc
riod.
KOehring Co. in year ended
November 80 earned $1,259, 900
or II cents a share VS.. $223, $50
or four cents in 1860.
COOper-Jarrett, Inc. in II
monts ended November 80 had
a loss of $42, ,460 VS.. earnings of
$223,797 or 38 cents in 1860
period.
Evening star., 1962-01-02
YOUR
MONEYS WORTH
Pocketbook Issues in Conqress
BY SYLVIA PORTER

Tariff legislation, tax reform,
medical care for the aged under
Social Security, retraining Of
the jobless, higher postal rates
what have these subjects in
common?
They're on the list Of major
issues facing Congress when it
reconvenes on January 10.
They're all pocketbook issues
which means they'll crack
party lines, cross income classes,
at times divide and at times
unite business and labor.
Even a casual analysis will
underline how deeply decisions
on these questions will affect
the finances of most American
families.
Tariffs Are Issue
Take the tariff legislation.
President Kennedy will be ask
ing unprecedented powers to
lower our tariff walls across
the-board in return for an
equal lowering Of Europe's tar
iff walls so that businessmen
can compete in the European
Common Market. But a lower
ing of our tariff walls would
stimulate sales of imported
goods in our country and i'm
ports already are fiercely COM
|petitive in hundreds of our in
dustries. The heightened COM
petition would eliminate jobs,
could destroy whole industries
at the same time that it would
benefit consumers.
With protectionist sentiment
at the highest point in decades
and unions traditionally in IA
vor of free trade joining in the
clamor for sleeper, not easier
trade restrictions, the fight here
could reach monumental pro-
portions.
Or take tax reform legislation
designed primarily to give
businessmen additional incen-
tives to spend money to build
new plants, modernize equip
ment. Accelerated building OF
plants would create jobs and
expand paychecks and it would
Evening star., 1962-01-02
'AT&T Profits
Gain in Year
And ; Months

NEW YORK, Jan. 2 (AP).-
The American Telephone &
Telegraph Co. reported today
that Bell System earnings for
the three months ended No
vember 80 were the best for
any quarter.
Profit rose to a record $340,-
285, 900, equal to $1.40 a share
on the parent company stock.
In the third quarter net income
totaled 1892 million, in the sec
ond it was 1926 million and in
the first $313 million. In the
three months ended November
80, 1860, earnings amounted to
$21 ,841 900, or $1.40 a share.
The per-share earnings re-
manned the same as in the year.
earlier quarter despite the
higher net income because
there were more shares out
standing this year. During the
latest three months the aver
age number of shares out
standing was 235, 1854, 900 COM
pared with 223, ,454,OOO a year
earlier. AT&T sold more than
II million shares to stock
holders in a special financing
during 1861.
The final quarter is gener-
ally the utility's best.
The quarterly report dis
closed record net income for
the IL months ended November
80. 1t totaled $1,311, 1,625, 900, or
$5.49 a share, compared with
$1,243, ,945, 900, or $5.52 a share.
The number of shares out
standing rose to an average of
231 $4,000 in the latest 70
from 218,4 ,491 900 in the
previous year.
Evening star., 1962-01-02
Home Federal Set
New Marks in 1861

Home Federal Savings 81
Loan Association at 1900 K
street NV. set new records in
1861, John U. Raymond. execu-
tive vice president, reported
today.
The year-end report showed
assets reached $16.355,353 on
December 81, up 1876 per cent
from a year ago. Loans reached
$14.629,107, up 16 per cent;
savings totaled $12,928,467, an
increase of 1872 per cent. and
reserves were $765,091, UP 1877
per cent.
The institution also an
nounced it has adopted certain
Of the new Federal Home Loan
Bank regulations. Savings re-
ceived by the Goth of any month
will earn dividends computed
from the first day. Dividends
will be paid on amounts with
drawn up to the last day of the
month preceding the month in
which the withdrawal is made,
providing the account has been
open six months, the amount
withdrawn has been invested
at least one month, and a bal
ance of $40 or more remains
until the next dividend date.
Evening star., 1962-01-02

help corporations to produce
more competitively priced goods
for sale here and abroad. But
the more a factory is automated
the less jobs will be available
in that factory - and the
greater will become the prob
lem of relocating those dis
placed workers.
Or take legislation to help
refrain the workers who lose
their jobs. We're entering 1862
in a strong upswing. Yet, the
rate of unemployment con-
tinues high and even a super
boom will not clean out our
pools of unskilled, uneducated
unemployed for the simple
reason that. our economy has
less and less need for the un-
skilled, uneducated man or
woman. With other forces in
tensifying the problem of these
handicapped" Americans,
there will be rising pressures
for a Federal law to help train
and refrain the jobless.
Strong Controversy
Or take legislation which
would False our Social Security
taxes to provide hospital and
nursing home care for the aged
AN issue which has aroused
passionate opposition and sup4
port, for it has profound emo
tional as well as key financial
aspects.
Or take legislation which
would raise the postal rate, on
firSt-class mail to five cents
and on air mail to eight cents.
A real paving the way for this
law has been made between the
administration and the crucial
Senate committee. But these
mail rate increases would raise
the costs of every one who uses
the mails. There1l be plenty
of howls.
Each of the questions involves
either paychecks or profits or
living costs or prices or wages
or a combination of all. It's
going to be a rough, tough
session.
Distributed 1862 by The Hall
syndicate, Inc. All Rights Reseryed)
Evening star., 1962-01-02
$120 Million Orders
For Murtin-Muriettu

NEW YORK, Jan. 2 (AP).-
The Martin-Marietta Corp. re-
ported today the receipt of new
orders for about $12O million
for work on the Army's Per-
Shing ballistic missile.
The order covers research
and development and combat
The company earlier had re-
ceived a $50 million order for
work on the Pershing.
Evening star., 1962-01-02
PEOPLE
BUSINESS

Henry M. Clark, jr., has be-
come general manager of Alex
andria operations for Pepsi
Cola Bottling Co. Of Washing
ton. He has been sales man.
ager and succeeds Paul F.
Ryals.
Gilbert N. ROsenbrier has
been named assistant general
manager of the Alexandria
Charterhouse Motor Hotel of
Hotel Corp. of America. He
has managed an Ontario inn.
Paul /. Neuhaus, Washington
branch manager for Pitts
burgh Plate Glass Company's
glass division, retired at the
years close after nearly 40
years of service.
George Twigg has been
named eastern region repre-
sentative for Raytheon Co.,
with offices in Washington.
G0ldblatt, Becker & Wein-
stein is a new certified public
account firm, of which partners
are Harold w. Goldblatt,
Joseph A. Becker and Mayer D.
Weinstein.
Henry J. Kaufman G. AssO-
ciates has been named to ham
die national advertising and
public relations for the Reading
Dynamics Institutes of Amer
lea.
M. Belmont Yer Standig, Inc,
of Washington has been
named advertising and public
relations counsel for Television
& Radio Program Service, Inc,
of Washington.
James E. Fitzsimmons has
Joined Aero Geo Astro Corp. as
manager Of development. He
formerly was Government rep
resentative with Atlantic Re.
search Corp.
Miss Jerry Mcmillan has
been appointed executive vice
president of Associated Adver.
tising Services, Inc. George E
Moran is vice president, clienI
relations. ,..
Advanced Equipment Divi'
sion, Washington Scale &
Equipment Co., has been namec
area distributor for Conveyo
Systems, Inc, and its A. B. Far
quhar division.
Evening star., 1962-01-02
White Motor Acquires
Farm Machinery Plant

CLEVELAND, Jan. 2 (AP).-
The White Motor Co. of Cleve-
land and CockShutt Farm
Equipment Ltd. Of Brantford,
Ontario, Canada, have signed
an agreement for White to ac-
quire Cockshutt's farm imple-
ment division for SO million.
In a joint statement today,
j. N. Bauman, White Motor
president, and Ralph Tees,
president of Cockshutt, said the
transaction has been approved
by the directors of both firms
and will be submitted to Cock
SHUT stockholders. Approval by
White Motor stockholders is
not required, they said.
Evening star., 1962-01-02
7st National Building
Sells for 81 Million

Sale of the First National
Bank Building at 1888 G street
NV, to the Massachusetts,
Mutual Life Insurance Co. for
a reported 81 million was an
nounced today by William
Shannon, president of Shannon
& Luchs, realtors representing
the buyer.
Mr.. Shannon said the bank
will remain on the premises
under a long-term lease. No
physical changes in the eight
story building are contem-
plated. The bank had been the
owner Of the property.
Evening star., 1962-01-02
Leeds Employment
Acquires franchise

The Leeds Employment serv-
ice has acquired the Washing
ton franchise for Temporary
Talent, an office personnel
agency, and opened today in
the Atlantic Building, $50 F
street NV.
Mrs. Gertrude Leeds said the
firm was added to meet in
creasing demand from business
for well-trained temporary help
in peakload conditions and
emergencies.
Evening star., 1962-01-02
Meredith Appointed

BALTIMORE, Jan. 2 (AP) .
appointment of Harold j.
Meredith to the board of direc-
tors of Commercial Credit Co.
was announced today. Mr..
Meredith is president of City
Loan & Savings Co., which re-
Gently was acquired by Com
mercial Credit through an ex-
change of stock.
Evening star., 1962-01-02
Food Brokers Join
Three-Wuy Merqer

RBM Sales Co., food brokers,
with offices at 1882 East Uni
versity boulevard, Silver Spring,
has merged with the Kenney
Brokerage Co. and Morgan
Sales Co., both of Baltimore.
The new firm isititled Kenney-
;Morgan-OReilly, Inc, and will
maintain local offices at the
Silver Spring address.
Evening star., 1962-01-02
Jonker CentroIizes
Work at New Site

Consolidation of all engineer
ing. production, administrative
and area sales activities OF
Jonker Business Machines, Inc,
has been completed in new
quarters at Gaithersburg
President Frederick Jonker
announced.
The new quarters in the Med
ical Arts Building at 26 Summit
avenue provide nearly 200 pei
cent more space, Mr.. Jonkel
said,
Evening star., 1962-01-02
EIectronic Firm Plans
Branch in Alabama

Electronic Wholesalers, Inc,
of Washington will start con-
struction of a branch store
warehouse-office building in
Huntsville, Ala.
The firm also has branches
in Baltimore, Winston Salem,
N. c., and Melbourne and
Miami, Fla.
Evening star., 1962-01-02
BUSINESS
BRIEFS

West Berlin was to get it's
first Wall Street brokerage Of
flee today. Merrill Lynch,
Pierce, Fenner & Smith had
planned to open a Berlin
branch. Other New York firms
have offices in Germany, but
not in Berlin.
Evening star., 1962-01-02
F. A. Parker Elected
Director of GWH

Frank A. Parker has been
elected a director of Greater
Washington Industrial Invest
ments, Inc, the company an
nounced today.
He is president of Research
Analysis Corp. of Bethesda, a
non-profit organization con-
ducting scientific studies. Mr..
Parker formerly was assistant
director of defense research
and engineering, Department
of Defense,
Evening star., 1962-01-02
METALS

NEW YORK, Jan. 2 (AP).-Spot
nonferrous metal prices today: Copper,
81 cents a pound, Connecticut Valley
Zinc. 12 cents a pound, East st. Louis
Tin. 1.20A a pound, New York. For
eign silver, 1.0424 per troy ounce, New
York. Pittsburgh scrap steel No.
heavy was quoted by Iron Age at
SO. .00-37. 90.
Evening star., 1962-01-02
OVER COUNTER

Following prices furnished by the Ma.
tional Association of Securities Dealers in
which locally active securities could have
been bought or sold at ! pm. Tuesday,
Evening star., 1962-01-02
Assets and Deposits
Of American National
Gain 36 Pct. in Year
BY TRUMAN r. TEMPLE
Star Staff Writer

36 cent gain in assets and deposits achieved by
American National Bank Of Silver Spring in 1861 President
Warren H. Lasher announced today.
Total assets of the bank of the fastest growing in this
reached SAL million December 81 $11 million gain
the 1860 report Total deposits SGT million
Evening star., 1962-01-02
TREASURY BONDS

NEW YORK (AP)-Noon over the coun.
ter U. S.. Government Treasury bonds,
BID, asked, net change and yield for
Evening star., 1962-01-02
SPACE VISITOR FOR AUTO SHOW?

This tWOwheed deahapd developed the
advanced ysts will be the
exhibit at the annual Automobile Show in the National
ArmOry January 1914.
Evening star., 1962-01-02

there in 1851, total assets were
$3.50 900,
Evening star., 1962-01-02

T-Partially tax exempt.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-02
AnnondoIe Boy, 8,
browns in Pond
On Golf Course

Carroll Lee Watkins, 8, of
'Annandale, Va, drowned yes
terday while swimming in a
pond on a Fairfax County golf
course, police reported.
A companion, Larry Will
liams, 8, of 1912 First street,
Annandale, was rescued by one
of two 11-year-old girls who
heard his cries, police said.
Young Watkins, of 4214
First street, was pulled from
the bottom of the pond at the
Pinecrest Golf Center by a
golfer, John Milligan, of Isl
Tedrich drive, Fairfax, police
said.
The two girls, Susan Glenn
mer, of 1903 Pine court, and
Diane Edwards, of 4305 Pine
court, were bicycling by the
18th hole of the golf course
when they saw one of the
boys splashing and shouting in
the pool, police said.
Susan dived into the pool
and rescued young Williams
while Diane ran for help, police
said.
The victim was pronounced
dead at Fairfax Hospital at
Sis pm, police said. His
companion was admitted to
Fairfax Hospital in satisfactory
condition.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-02
}. Edgar Brown,
Long q Resident

j. Edgar Brown, who worked
as a civilian for the Naval Gun
Factory for 49 years and at
tanned the title of progressman,
before his retirement in 1854,
died Thursday at Sibley Me-
mortal Hospital.
Mr.. Brown, 70, was born in
Seat Pleasant, Md. A resident
of Washington for the last so
years, he was a member of
Lebanon Lodge No. Z, Masons.
He leaves his wife, the former
Gertrude M. Wacker, of the
family home, 235 Emerson
street NV; two sisters, the
Misses Ella and Inez Brown of
Seat Pleasant; and three
brothers, Albert B. and w,
Clinton, both of Seat Pleasant,
and Irving, Of Springfield, Va.
Services will be at IL am.
Monday at the Hines Funeral
Home, Harvard and Fourteenth
streets NV, with burial in
Cedar Hill Cmetery.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-02
Mrs. Herbert Young, Served
Police Department II Years

Mrs. Herbert c. Young, 81, a
former employee of the Wash
'ington Police Department and
the wife of a detective, died
today of a stroke in the WASH
ington Sanitarium.
Mrs. Young, the former
Thelma Louise Teeple, was a
native of the District. She was
graduated from old Business
High School.
She retired from the depart
ment in June, 1861, after serv-
ing as a secretary with the safe
and pawn squads for IL years.
Her husband, Sergt. Young, is
a veteran detective on the rob-
berry squad.
Mrs. Young, who lived at 6413
Elliott place, Hyattsville, Md,
was a member of Temple Chap
ter. No. 13, Order of the East
ern Star.
Besides her husband, she
leaves three sons, Kenneth and
Warren, both of the home ad-
dress, and Herbert c., jr., of
Louisville, KY. and four broth
ers, Robert H. Teeple CT the
home address. william of 1912
Eighteenth street Sc, Jack of