davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-05-17

81, $685. ,735 or Is cents a share
VS.. $1,884,207 or 80 cents in
1901 period.
Briggs Mfg. in quarter ended
March 81 lost $186,506 VS.. a
loss Of $113,309 in 1861 period.
National Can in quarter
ended March 81 lost $360,113
VS.. a loss of $458,557 in 1861
period.
Ohio Edison in year ended
April 80 earned $32,013, ,998 or
$2.29 a share VS.. $29, ZOO, ,0O3 or
$2.12 in preceding year.
Urls Building Corp. in 6
months ended March 81 earned
$993,126 or 80 cents a share VS..
1922. 1855 or 9 cents in 1901
period.
Other earnings included:
Evening star., 1962-05-17
Committees Named
For ALB Conference

Clayton E. Doing, general
chairman for the Middle At
lantic States Regional Confer
ence of the American Institute
of Banking here on July %,
will have plenty Of help.
Mr.. Doing, who is assistant
vice president of American Sc
curity & Trust, will have the
assistance of five general vice
chairmen. They are Louis
Rowe. National Bank OF WASH
ington, finance; Donald E.
Doyle, Riggs National, program;
John w. Crutchfield, Riggs Ma
tional, reception.
Committee chairmen include: !:
Charles c. Allies. jr., American
Security. registration; Donald
E. Tillson. Riggs. publicity;
Raymond A. Beaver, Suburban
Trust. hotel. and James T.
Seitzinger, Alexandria National,
printing.
Mrs. Ethel S. Miller of Nc
Lachlen Banking will serve as
treasurer for the committee of
Mrs. Ruth E. Crenshaw of
American Security will be COM
mittee secretary.
Evening star., 1962-05-17
Bank Loans, Deposits
Off SIiqhtIy in Week

Deposits and gross loans of
Washington's three largest
banks decreased slightly in the
week ended May 9 but re-
mained ahead of a year ago,
the Federal Reserve Bank of
Richmond reported today.
Deposits of Riggs National,
American Security g. Trust and
National Bank of Washington
totaled 1924, ,591 900 on May 9,
compared with $1.242, $40, 900 a
week earlier and $1,123,042, 900
on May 10 last year. ..-
Gross loans amounted to
$597 .251 900, compared with
1901 ,933, 900 a week earlier and
$685., ,447.000 on the like 1851
date. Commercial and indus
trial loans totaled $l46, 500, ,O0O
VS.. $148.U6,000 a week earlier
and $173.045. 900 a year ago.
Real estate loans Of the three
banks totaled $168, $4,000 on
May 9, compared with $16,-
62l 900 a week earlier and
$167 $4,000 on the like 1861
date.
Evening star., 1962-05-17
Gas Light Go.
Plans Bond I
Refunding

Washington Gas Light C.
has asked permission of the
District Public Utilities Com
mission to issue and sell 1882
million of AZ per cent first
mortgage bonds to pay off two
classes of first mortgage bonds
ahead of time. 81"
1t Is estimated the refunding
will save the company around
$1,3l5. 900 in interest costs. The
new bonds due in 1887 would
raise funds TO redeem $780,
900 of S per cent series bonds
due 1882 and s11,712,000 of
5H per cent series bonds due
in 1885. .-
The sale would be made
through private placement.
Company officials said current
interest costs are at a favorable
level and that immediate action
is necessary. ,..
First Boston Corp. was the
financial advisor for WGL on
the private placement and =
commitments for the bonds
have already been taken, SUBJ
ject to find approval of the
P. u. C.
The P. U. c. has scheduled
a public hearing on the appli-
cation for May "a at 10 am.
in the District Building.
Evening star., 1962-05-17
SEC to Study
MutuuIF Funds
Stock Deals

In connection with its special
study Of the securities markets,
the Securities and Exchange
Commission Is mailing a ques-
tionnaire to so open-end in
vestment companies asking for
data on research facilities, port
folio transactions and securities
transactions Of persons owning
large interests in the companies.
/. Milton H. Cohen, director of
the special study, today an
nounced mailing of the new
questionnaire. He said the
special study intends to inquire
on a sample basis as to trans
actions of such persons in the
securities which were involved
in the company's portfolio
transactiosn.
Evening star., 1962-05-17

D. {. Transit
Reduces Loss

D. c. Transit System had a
net loss of $101, 1893 in the first
quarter of 1862. compared with
a deficit Of $127,437 in the
same 1861 period, the company
reported today.
The company had net income
of $138,582 for March, COM
pared with $1S6,43O in March
last year.
Three months operations
brought in revenues of $7,120,-
424. compared with $7,119,68
in the same 1861 period. March
revenues totaled $2,550,358 VS..
$2,604, $50 in March last year.
Revenue passengers in three
months totaled 32,741, ,985 VS..
80, 900, 1893 a year earlier. March
passengers totaled 11,673,515
VS.. 11,938,526.
Evening star., 1962-05-17
King Named Head
Of Printing Guild

Robert H. King of Byron S.
Adams. Washington printing
firm has been elected president
Of the Washington Printing
Guild, an organization Of young
executives in the graphic arts
field. He succeeds Richard j..
Evans of Judd and Detweiler,
Inc.
Elected to serve with Mr..
King were Don Peake of D. c.
Engraving Company, Inc, vice
president; William ]. Anger of
Arrow Printing Service, treas
urer and George L. Trainor of
the Frank Parsons Paper Co.,
secretary.
Evening star., 1962-05-17

same period rose to $l2, ,95l 900
or sos cents a share, compared
with s11.108,000 or 68.3 cents
a year earlier.
April revenues totaled $l4.-
$4,000, compared with Sl3.-
523, 900 in April last year. April
net income was $2.8l7.000 or
17.3 cents a share, compared
with S2.395 900 or 14.5 cents a
share in the 1861 month.
The company had 790,5O0
electric customers and 10000
gas customers on April 80, gains
from a year ago of 25,l00 and
4.800, respectively.
Evening star., 1962-05-17
Investment Firms
Merger Approved

Stockholders Of Alaska North
American Investment Co. yes
lterday authorized merger with
Shares in American Industry,
Inc. by an affirmative vote of
more than two-thirds of the
outstanding stock, officials an
nounced.
Assets Of Alaska North Amer
lean Investment Co. will be
transferred to Shares in Amer
ican Industry through an ex-
change of stock based on the
net asset value of each of the
companies. 1t is expected that
the merger will be completed
on Monday, May 81, the an
nouncement said.
Evening star., 1962-05-17
Capital Bank Debts
Reach New Hiqhs

Washington bank debts in
both April and the first four
months of this year set new
records for those periods, data
from the Federal Reserve Board
showed today.
April bank debts of S2,387.-
784,000 were up 24.5 per cent
from $1,834,934,000 in April
last year.
Four months debts of
SO, SAC, 1921, 900 we're 80 per cent
ahead of $7,746.104,000 in the
same 1861 period. The totals
include debts to demand de-
posits, excluding interbank and
Government accounts.
Evening star., 1962-05-17
CopitoI Hotel Sales
So Pct. Above 1861

Sales of SO member hotels
of the Hotel Association OF
Washington, representing TO-
716 rooms, were 5.S per cent
above a year ago in April
Bourbon A. Dawes. the associa-
tion's executive vice president,
reported.
Sales in four months of this
year were IL per cent greater
than in the same 1861 period.
April's room sales were 7.9
per cent above a year ago.
while food sales were up 81
per cent and beverage sales 0.3
per cent higher. The April oc-
cupancy rate of 92.3 per cent
Evening star., 1962-05-17
N. Y. Life Names 2

NEW YORK. May II (AP) =
Richard K. Paynter. jr., was
named chairman and chief
executive officer of the New
York Life Insurance Co. today,
and Dudley Dowell was ap-
pointed president and chief
administrative officer. They
replace Clarence j. Myers, who
retired from the positions of
chairman and president.
Evening star., 1962-05-17
Pitchurd Clothing
To Open New Store

Pritchard's Clothing Store
will open new and larger quar-
ters at 1921 I street NV. on
Monday.
Now located at 1704 I street
NV, the firm will have facil-
tiles to handle additional vol
ume and improve service to
customers.
A. Hunter Pritchard and L.
Stanford Pritchard are part
ners in the firm and have more
than 35 years of experience in
the mems clothing field.
Evening star., 1962-05-17
George Kriner Joins
BoteIer Agency

George M. Kriner of Bethesda
has become associated with
Charles Boteler. jr.. and As
sociates, Inc, Washington in
surance firm.
The firm also has opened
new offices at 5217 Wisconsin
avenue NV.
Mr.. Kriner formerly was as
sociated with the late Raymond
H. Godine. general agent for
Continental American Life In
surance Co. and holds the COW
eted designation of Chartered
Life Underwater.
Evening star., 1962-05-17
SCH Green Stamp
Center Is Opened

The first S&H Green Stamp
Redemption Center in the Dis
trict of Columbia was opened
to the public yesterday at 937-
939 F street NV.
The center was established to
serve Washington stamp users,
who have increased greatly
since stamps have been made
available in the District. Mrs.
Virginia Quinn OF Arlington,
Va, is manager of the new
store.
Evening star., 1962-05-17
Max WoImun Co.
Expands Facilities

The Max Wolman Co. of 1411
K street NV. who has served
insurance needs of the area,
for many years, has expanded
its offices and facilities to in
clude all forms of life insur-
ance.
Evening star., 1962-05-17

was up 2.6 per cent from a
year ago.
Four months room sales
were up % per cent from a
year ago, but food sales were
down 0.6 per cent and beverage
sales were off OIL per cent
from a year earlier. The four
months occupancy rate of IT'S
per cent was down 0.5 per cent.
Evening star., 1962-05-17
Virginia Electric Lists
Substantial Gains in
Revenue and Eorninos
TIE rvrAIAc rAp
By DONALD b. HADLEY
star Financial Editor

earnings of Virginia Electric Power Co.
substantially ahead of year both April the
first four months of this President A. H Mcdowell jr
reported today.
months expanded 033 000 compared
58078O0O 1861 period
Evening star., 1962-05-17
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. Thurs
day, May u, 1852:
Evening star., 1962-05-17
Most FIutwure Steel

CHICAGO - Stainless steel
accounted for about 70 per cent
of the flatware sold In the
United States last year.
Evening star., 1962-05-17
TREASURY BONDS

NEW YORK CAP)-Noon over the coun.
~ ~ U. >. Government Treasury bonds,
Evening star., 1962-05-17
CURTIS BROTHERS HONORED

Curtis Brothers, Washington furniture firm,
was named Retailer of the Year in the fur
niture field by the Brand Names Foundation
in New York yesterday. Charles Curtis Qeft)
of the Washington firm is congratulated at
the awards dinner by S. v. Walker (right),
regional sales manager of KrOehler Manu-
featuring Co., leading furniture maker and
national advertiser
Evening star., 1962-05-17
MUTUAL FUNDS

NEW YORK (AP)
National Associa-
ton Securities Deal
Evening star., 1962-05-17

T-Partially tax exempt.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-04
Police Private
Found guilty

A police trial board has rec
commended a 1915 fine against
Second Precinct Pvt. Alfred G.
Manfred, 80, after finding him
guilty Of five counts of mis-
conduct.
The policeman, with Is years
service, was found guilty of
making untrue statements I'M
der questioning by his superiors
Of disobeying orders to report
to his captain and submit a
written statement, and of fail
ing to respond to questions.
Pvt. Manfred was acquitted
Of a charge of failing to re-
port a fight injury and OF
making untruthful statements
about the fight.
Charges against Pvt. Man
fredi stemmed from a police
investigation that followed a
complaint by his wife, Florina
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-04

Six hundred Young Repub-
licans received graduation GER
tificates in leadership training
last night, and speakers as
sailed the 500 million United
Nations bond issue proposal and
asserted President Kennedy is
trying to sell shop-worn stuff,
The Young Republicans re-
ceived their certificates after
four days of learning about
practical politics from their
leaders in Congress and in State
administrations.
They topped off their train
ing program yesterday with
precinct canvaSses of metropol-
itan area voters designed, in
part, to separate the Democrats,
Republicans and independents
in preparation for 1864. when
Washington residents will vote
for President for the first time
G. o. P. National Chairman
William E. Miller told the grad
yates in prepared remarks the
United States should try to find
out whether the United Nations
Charter needs revising before it
accepts the Kennedy proposal
to buy 500 million in U. N
bonds.
Before we buy the bonds
he said. 1T is time that we said
to all of these other nations
who can't pay anything, who
don't want to pay their share
to support the United Nations
look. you are a smaller ma
ton, you have more to gair
than we from the United Ma.
tons. If you don't pay YOU
fair share. then what good tt
us is the United Nations?
Il think we might as we'll say
before we do this that we are
going to take a whole new look.
see at the Charter and SET
whether or not It needs revising
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-04
THE FEDERAL SPOTLIGHT
Kennedy's Pay Raise Proposals
To Be Delayed Several Weeks

classified employees as we'll as
postal workers would be much
more modest under the Budget
Bureau plan which would
spread the proposed increases
for the Federal and postal
service over a three-year period
starting next January l.
| i
| RUMBLINGS - However,
there already have been rum
blingS of discomfort heard on
Capitol Hill, where many men,
bers of Congress don't like any
plan which would result in Fed
eral civil service officials max
ing more money than they do.
Members of Congress get $22.-
500 a year.
Also, there is considerable
sentiment in Congress for CIV
ing postal workers more than
the 10 per cent total three-year
raise proposed by the Budget
Bureau. Also, there is consid-
cradle feeling on Capitol Hill
that classified employees in the
lower grades should get more
than contemplated by admins
tration officials in the initia.
draft of the pay plan.
Under the original proposal
classified employees in the first
two grades would get no raise:
bureau of Labor statistic:
show that jobs in these grades
compare favorably salary-wist
with comparable industry jobs
and the three-year raise fol
) those in grade 3 would average
| about 2 per cent. Employees il
. grade 5-the most populated
grade in the Classification Ac
schedule-would get a tota
!, three-year raise Of about 9 pc
cent.
The raises would increase a
the grade got higher, with pa.
E raises of nearly 40 per cent TO
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-04

have opened branch offices
here to escape the local con-
trolls exerted over their head
quarters in other States.
Characteristic of some of the
newcomer firms are their fancy
names. many of which are so
close to those of established
firms as to be indistinguishable
when said fast. The names also
are designed to give the i'm
preston to customers that a
two-room firm has Nation
wide connections.
The lack of operating capt.
tai, however, is rated particu-
larly dangerous to the Gus
toners. Until the SEC pins
down a violation of its rule
that a firm cannot owe 20
times more than it's net CAPT.
tai, some Of these firms use
their customers money to pay
the rent. promote their bust
ness and furnish their offices.
When their doors close, the
customers money-if there's
anything left-can be attached
by other creditors.
The Stars survey of new
conner firms showed seven have
gone into business here in the
past two years with $500 or
less in cash. One of them
started with 500. More than
half started with less than
$4,000. Many were in the hole
financially with the costs of
launching their business before
they even began accepting
customers money to buy stocks.
Their lack of experience in
the business is equally appar-
ent-and as potentially harm
full to the customers.
Experience Lack Shown
OF the As firms who have
registered with the SEC since
the start of 1860 and are still
in business, The Stars survey
showed that seven had no pre-
viouS experience in the Sc
curities field. -Four reported
less than a years experience.
Nine got their only training
as statesmen for a now de-
funct firm or in one of the
firms Stemming from it. In 10
firms. only one member of the
company had any previous ex-
perience. In only IL of the Is
firms, all the partners had
some previous experience but
frequently not much of it.
The roll call Of the SECS
public announcements dealing
with Washington firms since
the start of 1860 reflects the
situation here. Actions against
these firms have been launched
or completed during the period
American Diversified Secu-
rites. Inc; Gildar g. Co., Inc. !;
Guardian Investment Corp;
Carleton Securities Corp; At
lantic Equities Co.: John r
Wilson, jr. Co.; Shave and Co.,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-04
HOW TO PICK A BROKER

There many reliable, established investment
firms In Washington with whom you can invest with
confidence To wouldbe investors they give this advice
/. Know the investment firm Check with your
banker other financial adviser the firms back
ground and reputation.
O. Insist reading the prospectus circular before
invest in stock to understand Just how much
risk is involved
3. Never buy stocks the basis of unsolicited tele
phone calls This is the high-pressure approach that
can lure you into losing money.
4. II salesman makes extravagant promises about
new or recently issued stock but declines to put his
statements in writing watch out-and report to the
Securities and Exchange Commission the National
Association of Securities Dealers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-04

support from H. L. Hunt
wealthy Dallas oil man, Gen
Walker replied:
MY support comes from hun
dreds of small checks all over
the country, mostly in Texas
I am in no way committed to
Mr.. Hunt, who I consider a
fine gentleman and an inspired
American"
He was aked if he is a men,
Der of the John Birch Society
If I was not member I would
be considering being a men,
ber." he answered. When
pressed by the questioner, he
said that meant he is a member
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-04
BY JOSEPH YOUNG
Star staff Writer

President Kennedy's specific
Federal employe pay raise rec
concentrations to Congress
which were due tomorrow will
be delayed probably for sew
eral weeks.
Differences Of opinion among
administration officials over
what the final proposal should
contain, plus the complicated
technical work in drafting the
proposed legislation, are said to
be the reasons for the delay.
The Senate Civil Service
Committee pay hearings sched-
uled to start Tuesday will pro-
coed as planned, with admin
stration officials as the opening
witnesses.
However. administration Off
Gals are expected to confine
their comments to the general
principles OF the administra-
tion's pay plan, rather than to
any specific pay raise figures.
Amount Still Undecided
One thing still to be decided
by Mr.. Kennedy and his ad'
visers is the amount Of pay
raises to be sought for upper.
bracket career employees anc
Presidential appointive Off
Gals.
The original Budget Bureau
plan called for a top Classified
ton Act salary of $4,000
year for Government careerist
in grade 10. with substantial
pay boosts all along the line TO
upper-middleS and top-bracke
civil servants. Presidential ap
pointees under the Executive
Pay Act would get up to $50. 00
a year. Cabinet officers woul,
get $35. 900.
Increases for rank-and-fil
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-04
600 Republican Pupils
Start Work at Politics

1--WE cannot allow 1t to be-
come a forum for Russia, but
We can take a good look at Its
operations with an eye to i'm
proving them"
In sharper language, Mrs
Clare B. williams, assistant Re-
publican chairman, told the
trainees the Kennedy admins
tration "touts merchandise
which is the same 30-year-olc
shop-worn stuff Americans de-
not want, do not need and can.
not afford"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-04

ties Dealers publicly announced
the expulsion Of Allen. McFar-
land and Co.. Inc: Ball, Pablo
and Co.: American Diversified
Securities, Inc; Gildar and Co.,
Inc; E. A. BuTka, Inc; Atlantic
Securities and Stanford Corp.
Other firms whose expulsion
has been voted by the district
office have not been publicly
announced because their ap-
peals are still pending.
Both the SEC and dealers
self-policing association have
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-04
Walker Puts Defense
As Reason for Race

lutions. Since my return
have had $50 requests to speak,
National survival is the over
riding issue. Americas no-win
policy has put the Nation in
dire peril.
There is no hope in sight
for relief from the devious deal
ers of machine politics"
Asked If he had financial
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-04

Inc; Klein, Runner and Co.
Inc; Lloyd. Miller and Co.; N
Warren and Co.; international
Investments. Inc; Allen, Nc
Farland and Co., Inc; milford
Wakeman and Co., Inc; In
vestment Bankers Of America,
Inc; E. A. Burka. Inc; Ameri-
can Capital Corp; General Sc
curities Corp: j. Morris Ander-
son and Associates. Inc; STAN
ford Corp. and Batten and Co
During the same period, the
National Association of Securit-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-04

AUSTIN, Tex, Feb. 3 (AP)
Former Army Maj. Gen. Ed
win A. Walker said today his
race for governor of Texas is
part of his fight against in
ternational communism.
THE reason I am running
and my platform are the same. "
he told a news conference in a
committee room off the State
House of Representatives.
That is the need to defend
the United States under God
in a struggle for survival
against international commu-
nism. With nine million others,
I want Texans to lead this
fight"
Gen. Walker surprised State
Democratic officials yesterday
afternoon by walking into
State Democratic headquar-
tiers and presenting a $1,000
check to get his name on the
Democratic ballot at the May
S primary.
In answer to questions why
he chose to run on the Demo-
cratic ticket instead of the Re-
publican and about his voting
record. Gen. Walker said he
thought he voted for a Demo-
cratic presidential candidate
once and he remembered voting
twice for Republican candi-
dates.
Recalls Nixon Ballot
He said he marked his ballot
in 1860 for Richard Nixon, the
Republican candidate. but he
was sure his overseas ballot ar
rived too late to be counted.
He said he remembered voting
for Dwight D. Eisenhower
either in 1856 or in 1852.
IT am sure I voted once for
(Franklin d. Roosevelt" he
said when asked If he ever
clearly remembered voting for
a Democratic candidate.
AS to why he chose to run
the Democratic ticket instead
of the Republican, Gen. Walker
said: II entered a race where
there was national interest" He
said We'll see when the time
comes" when asked if he would
support other Democratic can
didates.
Il have acceded to demands
to run for governor of Texas.
Gen. Walker read from a state
ment.
Hits NO-Win Policy
MY friends and supporters
are Nation wide. It all started
in Germany where I received
1000 letters, petitions and reso-