davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-05-14
METALS

NEW YORK, May IA (AP).-Spot
nonferrous metal prices today: copper
81 cents q pound, Connecticut Valley.
L;SS Lssd SH cents a pound: New YORK
Louis. Tin. 1.16 V pound. New York.
FOREIGN silver 1.01 "a per troy ounce,
New York. Pittsburgh scrap steel No. 1
heavy was quoted today BY iron age
Evening star., 1962-05-14
Earnings

Creole Petroleum in 3 months
ended March 81 earned $685.
SOC. 900 or 80 cents q share VS..
$67. 400, 900 or 81 cents in 1861
period.
Fairmont Foods in year
ended February % earned $4,-
248.108 or $1.48 a share VS.,
$3,327. .424 or $1.39 in 1861.
Ward Industries in year
ended December 81 had a loss
Of $4.853,773 VS.. a loss Of ST.
382, ,S09 in 1860.
Thriftymart, Inc, in So
Evening star., 1962-05-14
Banks Home Lending
Declared Hompered by
Unfair Legal Curbs
By DONALD B. HADLEY
star Financial Editor

Commercial banks anxious to play growing and
vigorous role mortgage lending and housing but present
laws restrict ability participate the mortgage market
and create serious discrimination which should be changed
This appeal corrective legislation by the Federal and
State was issued here BY Kurt Fexner
Evening star., 1962-05-14

deputy manager and director
of the mortgage finance COM
mittee of the American Bankers
Association.
DR.. Flexner addressed the
opening session of the ABA'S
-four day national mortgage
conference at the Mayflower
Hotel. He pointed to the limited
way in which banks are allowed
to operate in the mortgage
market in contrast to the free
dom allowed savings and loan
associations, mutual saving
banks and other institutions.
Cites Differences
% 1T is difficult for me to ap-
preciate why it is safe and in
the public interest for one seq
ment Of the mortgage-lending
industry to invest an unlimited
proportion of the public's saw
ings in mortgages while an
other segment Of the mortgage
lending industry is subject to
stringent government supervi-
sion and is limited to investing
only so per cent of its time de-
posits in MORTGAGES" he de-
clared.
''It is equally difficult for me
to understand why it is safe
and in the public interest for
one segment Of the mortgage
lending industry to make 80
per cent loans while another
segment is restricted to rs per
cent loans. Either the 80 per
'cent loan is too high or the rs
per cent loan is too low as a
limit.
4" "One more case in point Is
the 20 year maturity limit
placed on national banks in
their m mortgage investments
while their competitors are
permitted to make longer
loans," he said.
Unable to Compete
1T is today practically i'm
possible for q commercial bank
to compete successfully fol
large apartment or office build
ing loans because q 20-yeal
mortgage is simply not long
enough to make the project
profitable for the investor. In
order to earn a fair return an
investor in such enterprises re-
.quires a 25-year mortgage at
present interest rates"
The mortgage market re-
mains less highly developed
khan other capital markets yet
mortgage debt Is the largest
private debt in the Nation and
Sby 1870 will exceed $500 billion,
fhe speaker declared.
More uniform state laws and
organization Of a private Sec
Iondary market facility for con-
tventional mortgages would
bring great benefits. he said.
The ABA is studying poSSibili-
tiles for developing such a fa-
cility.
Representative William B
Evening star., 1962-05-14
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. Monday,
Evening star., 1962-05-14
NOTICE Or REDEaEPTI0N
To the HoldsEs e
Washington Gas Light
Company
First MortgAgs SfoFmeFly
Kefundlmg MoFtgMge) Bonds
KlLoL GMxfnn Ana fNaM

NOTICE IS HEREBY GIVEN that, puF.
suaut to the provisions Of the Mortgage and
Deed Of Trust dated January I, 1888, %
amended and supplemented, between Wash
ington Gas Light Company and The Chase
National Bank Of the City Of New York. a.
Trustee (under which The RiggB Ma.
tional Bank Of WashingtoE, d. C., 10 Sue
eessor Trustee), and the provisions Of the
Supplemental Indenture thereto dated Juns
IS, 1860, between Washington Gas Light
Company and The Riggs National Bank Of
Washington, d. C., Trustee, Washington
Gas Light Company win redeem the follow.
Ing First Mortgage Sformerly Refunding
On June Is. 1869:
Evening star., 1962-05-14
Coupon Bonds Of 81 go
aamMswammkimm mneh
Fully Registered 4 Bonds

and on said date there win become and b
due and payable upon each First Mortgage
Bond, SN% Series due 1885 50 to be re-
deemed, az the Office Of The Chase Man
haitian Bank, (CoRpoFate Agency De-
partment), 50 Pine Street, IN the Bor-
0ugh oe Manhattan, The City Of New
York (the agency of the Company in the
Borough Of Manhattan, The City Of New
York;, or at the principal oiiice Of The
Rigge National Bank Of Wnshlngton,
DC, On the District Of Columbia. (the
principal Office of the Trustee), the full
principaI amount thereof in the case Of
Coupen Bonds, and the specified amount of
the principal thereof in the case of Fully
Registered Bonds, without coupons, together
with interest accrued to June Is, 1862 and
4 premium on the specified amount Of the
principal to be redeemed Of O.67se; from
and after June IS, 1862, interest on said
Coupon Bonds 50 called for redemption and
interest on the specified amount Of the
principal Of said Fully Registered Bonds %
called for redemption will cease 70 accrue.
Coupon Bonds must be accompanied by
al coupons appertaining thereto maturing
after june Is, 1862. Coupons maturing q
June is, 1862 may be detached and pre-
sented for payment in the usual manner.
Washing ton Gas Light Company
By: DONALD 8. BITTINGER.
Dated: May u. 1869.
Evening star., 1962-05-14
TREASURY BONDS

NEW YORK (AP)-Nocn over the coun-
ter U. S. Government Treasury bonds,
Evening star., 1962-05-14
AMERICAN STOCK EXCHANGE

Furnished by ACTIVE
Evening star., 1962-05-14

Mrs. Martha Bean GIea-
SON Of the Washington
Credit Bureau, who is
completing q term as
president of the Credit
Women's Breakfast Clubs
Of America, win preside at
the annual meeting in
Spokane, wash, June Fl.
The organization Of more
than 1900 women in 450
clubs started in Spokane
Is years ago.
Evening star., 1962-05-14
Walker & Dunlop Set.
Mortgage Record

Walker & Dunlop, Inc.
placed mortgage loans amount
Evening star., 1962-05-14

T-PartiaIly tax exempt.
Copper River current. (Glennallen, Alaska) 1962-1967, 1962-06-21
AMERICAN LEGION NEWS

american Legion Department Commander and
Department of the r..uxl liary, liz. and Mrs.
Russell Huber of Fairbanks, will be ing
in Glcnnallcn, lIonday June 20. r,".s..
It is the desire of Commander that all
Lcqi onnairs and their wives (whcther
uxi larry members or mott and all .uxi liory
members attend an informal joint meeting
IN the Post q Legion Hall in Glcnnal len
at 7:3O PEI. T.!
,ftcr brief period Of business and
pleasure, the auxiliary wi IL serve a buffet
style supper.
KNUDSEN'S SON SERIOUSLY HURT
Johnny Knudscn's small son was I'M urcd in
freak acc ident viii CHI occurred when the
fami ly car ran over the chi Id. lie is
sidcred in serious condition in the Provi-
dencc Hos pital 49, -@..
:..C.S., NEEb
New arrivals at :,.C.S. since June l are
s/4> Kirk Johns on and llr. Robert Looman,
both cormuni cat ions tcchnicians.
SIS William c. 3clnap, departed for his
homo in Seattle on June q for release
from Iii litary duty. His plans arc to enroll
/. in; the University of Washington this coming
fall in the study of irts and Sciences.
Received letter from the Hendricks family
formerly stationed at Sheep llountain. They
are cnj Dying TT. uachuca, ..rizona. They
sec the '1agnaE's and the Wingcr's often,
jim, hhry and Chi 1drcn send their regards
to all. .-..---
Copper River current. (Glennallen, Alaska) 1962-1967, 1962-06-21

COPPER NUGGETS (cont inucd)

COPPER NUGGETS (cont inucd
ilrs. Kcthryn Fawcctt is now back in Copper
Center after an extended visit with her
son-in-law, Bill IlcElroy Of Valdez. Il. ~.
Beginning next week, tho Iii lcpost Cafe will
be under the management of Fir. and Hrs.
Paul Sparks FIR Sparks, formerly Of T"
anchorage and Soldotna, is we'll known to
local business people, having been a book
keeper in this area several years ago. Fir.
Sparks was also at line associated with
"Trappcrs Dem on the Glenn Highway.
$: = s. 50 :: - $: $ 81 >: 5:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-11-12

diamonds and knocks out the
ace of clubs, but South has two
entries to his hand. He c.n
cash the ace Of diamonds, ruff
a spade, and ruff a diamond
in dummy. When the queen of
diamonds drops South can get
back to his hand with a trump
to cash the jack of diamonds.
We were so proud of South's
new record that we didn't mind
his slight error in the play of
the hand. But there was some
objection to the way he mixed
the Martins. We have reason
to believe he used castor oil
instead of vermouth.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-11-12
SHEINWOLD
ON BRIDGE
By ALFRED SHERWOOD
Talented Player
Sets New Record

A talented friend of mine set
new record the other day by
watching a television program,
talking to his secretary on the
phone, and mixing a batch of
Martins - all while playing a
bridge hand. It was a histor-
ic occasion, so I carefully =
corded the hand:
West dealer.
Both sides vulnerable.
NORTH
A9743
2AJ932
1A10
&A7
WEST EAST
AAKQJ8 A1Oe
375 "a
1904 oK873
%KJ6 %1098532
SOUTH
Asa
KQ10s6
pJ652
%Q4
West North East South
Ia Pass Pass 20
Pass 40 All pass
Opening lead: King of spades.
West led spades until South
ruffed the third round. Decla; r
gave his secretary some compli-
Gated instructions over the
phone and drew trumps with
the king and ace.
South next started to lead a
card from his hand but put it
back when we told him he was
in dummy. Muttering some
thing about playing bridge with
a bunch Of lawyers, and STIR
ring the Martins moodily,
South got to his hand by ruff
ing a spade. Then he led a
diamond and lost a finesse to
East's king.
Back came a club to dummy's
ace, and South had to lose q
club trick. South could get to
his hand only once, with the
last trump; he needed two en-
tries to set up and cash the
jack of diamonds.
Slight Error
South made a slight error in
his play. He should draw two
rounds of trumps with the ace
and king instead of with the
king and ace. This leaves him
in his own hand to make a
diamond play while he still has
two trumps.
East wins with the king of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-11-12
Daily Question

Dealer bids one spade and the
next two players pass. You
hold:
A9743 0AJ932 oA10 SAT
What do you say?
Answer: Double. AS a rule,
reopen the bidding with a dou-
BILE when you have more than
10 points in high cards. This
is a kind of takeout double, but
does not promise good support
for all suits.
Copyright 1862. Gen. Features corp.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-11-12

Q. Well, then, what is Abnormal hair loss?
A. Abnormal hoir loss is an unusually large
amount of falling hair which is not replaced by
new hoir.
O. Whot keeps new hor from coming in?
A. There are many reasons ranging from emo
tionoI stress to poor scalp conditions such as
lack of vital scalp oils, dondruff choking of
healthy hair insufficient care.
Q. In whot monner does your method help?
A. Moy past experience of II years in the
Washington area guides me in reeoininq
good; healthy scalp condition, rejuNenotine
hair foIlicIes, relieving dondruff etc., all of
which enobIe your hair to produce as it once
did,
Roy Poerer will give you free examination during which
he will instruct you your heir and advise you according
TO his post experience. All ladies' who wish pnvors
facilities may bring this I'D in with them for 81 discount
their first visit. This offer also applies to
The majority hair fell buldness
by Scup Clinic You will be
initial examination IL treatment will be helpful
HAIR AND SCALP CLINIC
OF WASHINGTON LTD.
2o62o7 Bond BIds l4o4 New York Ave- NV Executive 33s32
Daily: 10 ON. to 700 pm. Sot 1000 ON. to 800 pm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-11-12
HAIR PROBLEMS
OUR CLIENTS ASK US
BY Walt Kelly

Q. Mr.. PIosterer, you
often refer to nor
mol" hoir loss. What,
exactly, do you mean
by this?
A. When ! speak Of
normal hair loss |
m an til at h air
which is pushed cut
by new hair coming
in-deod hair fall
ing out. This occurs
much in the same
manner as second,
or adult, teeth COM
ing in.
The Adak sun., 1962-09-24
ALASKA

whether wi tn head or hand; that the world owes no man a living be that it owes every man an oppor tunity to make a living.n
 IT belle eve that thrift is essential to we'll ordered living and that economy is a prime requisite of sound financial structure, whether in government, busi- ness, or personal affairs.n IT believe in the sacredness of promis that man's word should be as good as his bond; that cEaracter--not wealth or power or position--is of supreme worth. :" IT believe that the rendering of useful service is the common duty of mankind and that only in the purifying fire or sacrifice is the dross of selfishncsA consumed and the greatness of the hd> Dh soul set free.n
 IT believe in the all-Wise and all-lovin God, named by whatever name, and that the individuals highest fulfi1lment, great est happiness, and widest usefulness are to be found in living in harmony with his wil1.n
 IT believe that love is the greatest thing in the world; that it alone can overcome hate; that tight can and will triumph over mi t.n-,-, --~.----.-.~.
 7oir paYor1y
The Adak sun., 1962-09-24
ONE MANS GREED

John D. Rockefeller, Jr., spent most of. his time giving away vast amounts of money to support historic restorations, cons nservation projects, foundations and institutions. Tn 1911, when he was o7 he explained the creed by which he had lived in an address at Fist University. This creed was inscribed in marble and installed in Rockefeller Center, New York, City, last year. This creed given here is deserving out attention. TT believe in the supreme worth of the " individual and in his right to life, liberty and the pursuit to happiness" IT believe that every right implies a responsibility; every oppor tunity, an obligation; every possession a duty' IT believe that the law was made for man and not man for the law; that government is the servant of the people and not their master" *:.~ ".
 IT believe in the dignity of labor,
 (continued in next colm)
Evening star., 1962-08-20

budget of S65,OOO per year
above gate receipts for equip
ping the teams. Individual
schools use the gate receipts
for incidental expenses.
All money received from the
Interhigh and city champion
ship games goes to Pearce. who
in turn pays for all officials to
the tune of $4,000 per year.
In Montgomery County, all
new schools are completely
equipped. After that, the gate
receipts must provide funds for
new equipment and improve
ments. Prince Georges County
puts all gate receipts into a
pool, with each school drawing
an equal share. The county
UNDERWRITERS the cost each year,
but has not had to make up
any deficit in recent years.
Members of the Northern
Virginia Group la League pay
their own way, except in re-
gard to such things as coaches
salaries and stadiums. A new
school receives so per cent OF
all gate receipts at away-games
the first year, in an effort to
help them get a start.
Evening star., 1962-08-20
Financial Woes Accompany
High School Grid Popularity

Members of the Interstate
Athletic Conference, which
doesn't charge admission for
its league games, are faced with
the biggest financial problems.
Many of the schools require the
players to buy equipment. while
others charge a rental fee. Most
private schools are in the same
For the schools on a pay
aS-you-go basis, things are
bright after a good year and
gloomy after a poor year. Like
a professional team, the size of
the crowd depends on the won-
lost record.
Most of the athletic directors
faced with such a situation try
to operate on a budget, saving
Surpluses for the lean years
they know are sure to come
because the caliber of talent
is an intangible thing.
The biggest grippe among di-
rectors is that they have to
balance the books and still
provide the best possible
equipment for the safety of
the youngsters. The job has
been made a little easier by in
creased support, but there still
are those books to balance.
Evening star., 1962-08-20
BY DICK SLAY
Star staff Writer

The combined Volvo entries
comprised exactly one-fifth of
the field of 40 cars starting yes
terday's second annual 12-hour
race at Marlboro. and it would
have seemed reasonable to
wager a weeks paycheck that
one of the eight would find
victory lane at 10 pm.
One Of them did, yet on the
starting line this one seemed
the Volvo least likely to succeed.
The victory was pulled off by
this crew from Wilmington,
Del:
Brad Howes, a 45-year-old
heating engineer with du Pont
who normally spends his week
ends racing Porsches.
Harry Beck, 81. who started
driving competitively 10 years
ago but who hadn't raced at
Marlboro-or much of any,
where-since he won the six
hour with Otto Linton in 1858.
Walter Hoover, who couldn't
drive yesterday because of a
knee injury suffered recently
playing golf, and who helped
in the pits instead.
And a brand new PV544
model Volvo which hadn't been
broken in for turnpike driving,
much less racing, and which
was the first car ever put in a
race by John Greytak, an auto
dealer in Wilmington and Phil
adelphia.
Evening star., 1962-08-20
Wilmington Crew Pulls Off Victory
At Marlboro With Unlikely VoIvo

Their plan of attack was
simply to finish the race. They
finished 13 laps-about % miles
ahead of the runnerup. a
battered Saab driven by Hal
Mayforth of Burlington, VT;
Louis Braun of Pompton Lakes,
N. j., and Clyde Billings Of
Maine.
Mayforth had flipped the $50
&C Saab in Cappy's Corner about
an hour and a half after the
start, bending the rear axle,
shattering the windshield,
knocking out a light and mash
ing the body considerably.
Mayforth's helpers strapped
a door shut and changed all
four wheels and sent Braun
out 18 minutes later to chase
the field. Although the car
had trouble on right turns, 1t
came home two laps in front
of a Renault 1893 co-driven by
Charlie Kolb and Art Tweedale.
Two other Renaults finished
sixth and seventh to help win
the team prize.
The winning Volvo completed
364 laps-618.8 miles for an
average of 51.67 miles per hour
to match last years victor,
another Volvo driven by Rune
Svensson and Art Tattersall.
The defending champions led
briefly in the third hour this
time but retired at 1929 pm.
with bearing troubles.
Charlie Hayes and Bob Davis
led from the start in Bob Ro-
Evening star., 1962-08-20

senthal's Corvair Spyder, but
after an hour and a half
the car broke a transmission
mounting stud and lost 35 min
utes in two pit stops for reme-
dies. Hayes had worked back
up to seventh place when he
snapped a right-rear wheel hub
in the oval with just 18 minutes
remaining.
Charlie Rainville and Chick
Cunningham led most of the
race in a Volvo 122-S-for a
short time around noon and
then for six hours before the
engine developed undetermined
trouble at Z o'clock.
Howes and Beck took over at
that point and breezed to vic
tory although troubled the last
four hours by faulty ignition.
Beck said the engine wouldn't
fire except in the corners, and
going down the straightaways
he had to weave back and
forth to retain speed.
Most of the 1000 or so spec
tators stayed to see 81 cars
finish the grind. The top 10:
BRAD Howes and Harry Beck.
Volvo PV544, 364 laps; 2-Hal May
forth. Louie Braun and Clyde Billings,
Saab a6, 35l; 3-Art Tweedale and
Charlie Kolb. Renault 1898. 34a; a
Dick Thomson and Roger Penske.
Austin Cooper. 346: 5-Hale Pauley
6-Ray Cuomo and Paul Richards,
Renault 1893 344; 7-Jocko Maggia-
como and Georse Alderman, Renault
1898, 342: S-Art Riley and Bill
Rutan. volvo Pv544. $40; a-stanley
Avis and Henry Schwartz, Volkswagen,
339; 1O-Gordon Mackenzie and Henry
Wallace. Panhard 33S.
Evening star., 1962-08-20
BY ROBERT SOMMERS
Star Staff Writer

6Lhr 6LdII WIlJcr
There's something about
Frank Clark that brings out
the best in other golfers
especially in the Argyle club
championship. Three times he's
gone to the finals and three
times he's come away second
best.
Ray Horne, a 23-year-old
University Of Maryland junior,
is the latest to Illustrate Clark,
one Of the two best players in
the club. Horne gave Clark a
7-and-6 beating yesterday in
the 36-hole finals on a day
when Clark shot even par for
80 holes over the 6,589-yard
par-36-36-72 course.
Horne, whose college career
was interrupted by a four-year
hitch in the Air Force, was 7
under par with the almost I'M
believable total of 10 brides.
He shot 81 in the forenoon
with eight brides, and then
played IL holes of the after
noon round with two brides.
He had no easy romp to the
title. In five matches he de-
feated three former club cham
pions-Bill August, Bob Mar
tino and Bill Gartner - and
Clark. the Argyle Invitation
champion. He was IL under par
for the tournament.
His victory over Gartner
evened the score for a 20-hole
loss last year, when Horne, who
was still in the Air Force, was
the tournament medalist.
In the morning round yes
terday Horne built a 4-up lead
with his opening 81. which in
cluded a 2-stroke penalty for
an unplayable lie when his ap-
proach went over the 14th
green and under a fence.
This was the first tourna-
ment victory for Horne, a
member of Maryland's golf
team.
MANOR-Two former cham
pionS meet in the Semifinals
of the club championship Sat-
urday when George Cornwell
takes on Bill Brownrigg. Fred
Mueller faces Bill McFerren,
Sr., in the other semifinal
match. Yesterday Cornwell, the
defending champion, breezed
to a 7-and-6 decision over Mike
Oristian while shooting one
under-par golf. He was 4 up
at the nine-hole turn with a
36. Brownrigg was three over
par as he defeated Larry Hill,
3 and 2.
The hottest player was Nc
Ferren, who shot the front
nine in a 2-under-par 80 and
finally beat Knute Knighton,
the medalist, / up. McFerren
was 2 up at the turn, but
Knighton pulled even. They
were still even after IS, but
McFerren won the 18th with
Evening star., 1962-08-20
BY CARL SELL
Star Staff Writer

Principals, athletic directors
and coaches in Washington
area high schools can't pinpoint
any one reason for the recent
mushrooming public interests in
scholastic football, but there
is one thing they know for
sure-the increased attendance
hasn't solved the financial
problems.
The last two years have pro-
duced a marked upSwing of
public interest in high school
football. They also have
brought more money into the
till, most of which has gone
to wipe out debts previously
carried over from year to year.
Most high school athletic di-
rectors can't understand the
increased adult attendance be-
cause most Of the stadiums
fail to offer Just what the fans
demand - comfortable seating
and adequate parking.
Al Haringer Of Washington
Lee points out that "the fans
complained for years about
parking and traffic aroun d
Griffith Stadium and probably
many didn't go to ball games
because of it. But they'll come
out to high school Stadiums
and battle the same problems. "
Joe Gallagher, the st. Johns
coach, explains the upswing of
interest simply. THE brand of
football played in the area has
become first-class and the fans
are aware of it,"
Last years crowd of almost
so, 900 for the City Champion
ship game between st. Johns
and Eastern at D. C. Stadium
underscored the tremendous
rise in interest over the last
several years.
There's no reason we can't
draw a sellout crowd every
year." Hardy Pearce, the Dis
trict's athletic head, said. THE
fans liked what they saw last
year. Many were surprised by
the brand of football played
by both teams. Most of them
will be back"
But while attendance has
risen, so have expenses. Like
everything else, high school
athletics cost more every year.
This year, for example. the cost
of insuring each boy is ex-
pected to increase several dol
lars. The range last year was
$12 to $18.
1t costs approximately SITS
to outfit a football player at
a Washington area high school.
This figure also is expected to
rise because the schools will
purchase better and naturally
more expensive equipment with
any extra money.
All of the area jurisdictions
are not self-supporting The
District. for example, has a