davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-08-30
Earnings

Federated Dept. Stores in SO
weeks ended August 4 earned
S37.213,733 or $2.16 a share VS.
S34,O92, ,222 or $1.99 in 1861.
/ Associated Dry Goods in Il
months ended August 4 earned
Sl0,905,000 or $2.73 a share VS.
$9,015,O0O or 1924 in 1861.
Consolidated Foods Corp. ir
year ended June 80 earned
S9,068,3l4 or $1.91 a share VS..
S8,096,310 or $1.76 in 1861.
Hilton Hotels in 6 months
ended June 80 earned $9,162,-
$50 on $2.38 a share VS.. SILL
698, ,222 or $2.99 in 1861 period.
w. Va. Pulp e. Paper in 9
months ended July 81 earned
S7,129,000 or S1.33 a share VS..
S5,158,000 or 95 cents in 1861
period.
Carrier Corp. in 9 months
ended July 81 earned $3.50, 900
or $3.50 a share VS.. SCOTS. 900
or $2.66 in 1861 period.
Purex Corp, Ltd. in year
ended June 80 earned $5,265,-
622 or 80 cents a share VS..
$4,370,462 or 78 cents in 1861.
Hilton Credit for year ended
April 80 had a loss of $2,430,-
545.
NeiSner Bros, Inc, in 6
months ended June 80 had a
loss of $580.850 VS.. a loss of
S501, 1872 in 1861.
Evening star., 1962-08-30
Securities Dealers Form
Association of Brokers

An Association Of CJ'-'~'---7''
Brokers, first Of its kind b
Washington. Was o..Ga.lA- .
yesterday with one of its
avowed aims to set a high
standard of ethics among Sc
curitieS dealers here.
The organization will be
composed of registered repre-
sentativeS from New York
Stock Exchange member firms
Ralph NJ. Newman of Jones,
Kreeger & Co.. was elected its
first president.
Previous attempts have been
made for years to form such a
group. but without success until
now 1T is something very bad
ly needed in our industry. -
commented E. Frank Bastable
of Harris. Upham & Co., one
Of those active in the move
ment.
A statement by officers re-
leased last night declared the
associations purposes are to
preserve and inculcate tn e
highest standards of business
conduct among its members. 4"
1t also seeks to promote un-
derstanding. to support meas
ures affecting securities mar
ketS deemed in the public in
tereSt. and to cooperate with
regulatory bodies.
Evening star., 1962-08-30
Wholesale Druq
SoIes, Profits
Increase in Yeur

District Wholesale Drug Corp.
today reported increases in
sales and profits for the fiscal
year ending June 80 in its
first statement since a public
stock offering last December.
President David I. Estrin
said net sales totaled $13,919,-
TIT in the period compared
with $13.009.2o0 the previous
year. Net income after taxes
was S143,4 ,450, an increase Of
IL per cent from $132,7S9 the
previous IL months.
Directors have voted a quar-
terly dividend of s cents per
share, to be paid october / 10
holders of record September Il
The company will hold Its
annual meeting September 10
at noon in the boardroom OF
Riggs National Bank, Fifteenth
street and Pennsylvania avenue
NV. Organized in 1929, the
firm now serves 900 dr1lgstores
in the District, Virginia and
Maryland.
Evening star., 1962-08-30
Gas Light Wins
Pipelines Riohts

Washington Gas Light Co.
has received permission to build
100000 worth of pipeline fa-
cilities to serve three areas IN
Northern Virginia, it was an
nounced today.
A company spokesman said
that the authorization from
the Federal Power Commission
will be used to bring natural
gas to West Gate OF Lomond,
the Cecil D. Hylton subdivision
in Manassas; Sterling Park,
the NJ. T. Broyhill g. Sons
Corp. subdivision in Sterling,
and the City of Leesburg.
The two subdivisions being
developed are ultimately plan
ned to house some 29, 90 persons
Construction Of pipelines to
these will begin as soon as
plans are worked out. the
spokesman said. The line to
Leesbug will not be built until
this fall, he said.
Evening star., 1962-08-30

Thomas B. Meek, manager
for Harris, Upham g. Co. in
New York will be principal
speaker at the organizations
initial dinner meeting Septem-
Der 10 at the Army-Navy Club.
A founder and past president
Of a parallel association in New
York, he also has held office in
the National Association of In
Vestment Brokers. He will dis
cuSs relations of his associa-
ton to the investment banking
community.
Other officers of the new
Washington association elected
yesterday were Mr.. Bastable
vice president; Don v. Bovey.
Of Bache & Co.. secretary. and
Dan w. Strishock of Sade & Co..
treasurer.
Hamilton D. Whitelaw, jr., of
Merrill, Lynch. Pierce, Fenner &
Smith is chairman of tn e
groups membership committee
The statement added that the
association will seek also to
improve service to the public
by its members by interchange
of ideas and by encouraging
greater educational effort.
A spokesman said tentative
plans now call for an execu-
Evening star., 1962-08-30
May Stores Profits
Up 489o in Quarter

May Department Stores Co.
corporate parent of the Hecht
Co., today reported a subStan-
tial increase in earnings of ST.
l25,000 or 48 per cent in the
quarter ending July 81 over the
period last year.
Morton D. May. president,
said earnings totaled S3.464, 900
or As cents per share for the
period, compared with $685.
900 or 80 cents per share in the
quarter last year.
The sharp upturn in profits
was made on almost identical
volume of sales. Mr.. May said
improved merchandising and
increased efficiency accounted
for the rise. Sales were S163,-
344,000 compared with S163,-
060,000 in the quarter last year
Profits for the first half of 1862
were S6,726,000 or 88 cents per
share, up 54 per cent from the
first half earnings last year.
Evening star., 1962-08-30
FTC Drops Clear Hint;
Clean Up TV Toy Ads

which will transmit broad
casts. This is not true"
The chemistry set demon
Stration included a battery and
a glass beaker. There is
neither battery nor glass beak-
er included in the set, and the
beaker which is included is not
as large as the one depicted"
Tell About Battery?
Mr.. Sweeney said the ques-
ton of whether toy advertis-
ing should explain whether a
battery had to be purchased
in addition is still under dis
cussion. The FTC has not is
sued a final opinion, he said,
but 1T is necessary to prevent
having a child open an expen-
Sive birthday or Christmas
gift from his parents, and the
anticipation of the entire fam
lily being chilled. when the toy
does not operate as it wa S
demonstrated in televiSion
because no one was told that
batteries should be purchased.
Advertisers must recognize
that these commercials are
directed to children, Mr.
Sweeney emphasized.
False, misleading and de-
ceptive advertising claims thus
unfairly exploit a consumer
group unqualified by age or
experience to anticipate or ap-
preciate the possibility that
the representations may be
exaggerated or untrue"
The deceptive advertiser, he
added in pure governmentese
unfairly plays upon the affec-
ton of adults, especially par
ents and other close relatives
for children, by inducing the
purchase of toys and related
products through false, mis-
leading and deceptive claims
/ of their performance. whic h
claims appeal to both the
adults and to the children who
bring the toys to the atten-
ton of adults"
Mcclure Newspaper Syndicate)
Evening star., 1962-08-30
BUSINESS
BRIEFS
Bank Clearings in 26 leading

Bank ClearingS in 26 leading
cities in the week ended August
29 totaled S27.554,958,O00 COM
pared with $30.460,914.000 in
the previous week and $24, ,905.-
683, 900 in the like week a year
ago.-Dun g. Bradstreet.
Business Loans by member
banks in the week ended August
% totaled $33,41S.000,000. up
$50 million from the previous
week and up 81 100000 900 from
the like week a year ago
Federal Reserve Board.
Crude Petroleum Production
in the week ended August "a
averaged 7,313,010 barrels
daily. up 29,300 from the prev
ious week and compared with
7,053,810 in the like week a
year ago.-American Petroleum
Institute.
Evening star., 1962-08-30
2 Securities Firms
Expelled by NASD

The National Association of
Securities Dealers yesterday
announced it has expelled two
Washington securities firms
from membership.
The firms were Carleton Sc
curities Corp, 1925 Connecticut
avenue NV. and Lloyd. Miller
81 Co.. l41l Pennsylvania ave-
nue. NV. The NASD said
Carleton violated the Securities
and Exchange Commissions net
capital rule, sold securities at
prices not reasonably related to
the current market, violated
credit regulations and engaged
in manipulative practices in
volving underwriting.
The association charged
Evening star., 1962-08-30
Gunther Backs
Bills toAIter
Trust Powers

Frank A. Gunther. president
of the Security Bank in Wash
ington, testified today before
the Senate Banking and Cur
rency Committee in favor of
two ouSe-passed bills regard
ing trust powers and bank
branches.
Mr.. Gunther appeared on
behalf of the American Bank
ers Association. One measure
would transfer authority over
the trust powers of national
banks from the Federal Reserve
Board to the Controller. The
other would amend laws to
permit a State bank already
operating branches to continue
this if it converts to a national
bank, or if it is a national
bank taking over others in a
merger.
In either of the latter two
cases. continued operation of
existing branches would be sub
ject to approval by the Con-
Itroller of the Currency, except
for branches opened prior to
1927.
Mr.. Gunther is chairman of
the A. B. A. State Bank Divi-
sion's legislative committee.
Other ABA witnesses testi-
fled in favor of House passed
bills to increase the real estate
loan limit on national banks
from go to 70 per cent of time
and savings deposits; to extend
the time limit on construction
loans to 18 months, and to per-
nit some banks to use auto
matte equipment collectively
through jointly owned bank
service corporations.
Evening star., 1962-08-30
Mrs. Buckingham
Endinq Bank Career

Mrs. Maude H. Buckingham
assistant vice president OF
American Security and Trust
Co., is retiring tomorrow after
As years in the banking in
dustry in Washington.
A native of Maryland. Mrs
Buckingham was educated in
Washington schools and began
her career with the City Bank
in 1917. She subsequently rose
to assistant secretary, secre-
tary and cashier. She has beer
with American Security since
1859 when it acquired the City
Bank.
Evening star., 1962-08-30
Aetna Releases Film
On Skin Diyino

Aetna Life Affiliated Com
panies. not normally asSociat-
ed with skin diving activities
have released a half-hour color
film on the subject.
Apparently concerned over
the hazards of the sport, the
insurance group is making the
l6-mm. film available free to
organizations through its In
formation and Education Dept,
Hartford, Conn. The films IT,
tie: Fun n FathomS,"
Evening star., 1962-08-30

likelihood Of beneficial effects
on competition"
Six of the seven board men,
oerS voted against the acquis-
.tion. The lone dissent was cast
5y Abbot L. Mills. ir.. who
sgreed 1t was a CLOSE case" but
aid not think the acquisition
would swell First Virginia 5 size
Qnduly.
An FRB spokesman said it
was the first time the Board of
Governors had denied an ap-
plIcation by a company to
acquire a bank in Virginia
since the Bank Holding Com
pany Act was enacted in 1856.
Controls Six Banks
First Virginia now controls
six banks IN Virginia with
total Of % offices and deposits
Of SIG million
If It had acquired Farmers
in Winchester. it would have
added about $50 million in de-
posts and four offices.
In its application the holding
company asserted it could help
Farmers in raising capital if
needed in the future to serve its
area. But the board found that
the banks now serving VIM
chester are provldlng a salts
factory measure of service in
relation to their markets, and
there seems to be no reason for
believing that they cannot con-
tinue to do So"
Farmers is the biggest bank
IN its area, and the board said
it appears to be in a good
position to keep abreast of area
demands" for banking service.
The board also noted that
another Winchester institution.
Shenandoah Valley National
Bank, is a subsidiary of an.
other holding company, Finan-
cial General Corp. Shenandoah
has about 81 per cent and
Farmers about so per cent of
all deposits in Winchester area
banks.
Competition Is Factor
The proposed acquisition,
thus, would leave Commercial g.
Savings Bank mot only the
smallest, but the only inde-
pendent bank in Winchester"
the board declared.
Their decision concluded
that the move by First Virginia
would be potentially anti
competitive"
In his dissent Mr.. Mills put
the size of the bank holding
company system first in i'm
portance and noted that even
after the acquisition, First Vir-
ginia would control only 3.9 per
cent of total commercial bank
deposits in the State. 1t now
controls 3.3 per cent.
He declared that neither of
the two holding companies oc-
cupy a dominant position in
the commercial bank structure
of the State now, and that the
majority's argument on this
point was not pertinent to the
application.
Evening star., 1962-08-30
BY ELMER ROESSNER

This pre-ChristmaS season,
parents may not be driven as
mad as they were in previous
seasons by television toy ad-
vertising.
Both the Federal Ira d e
Commission and the Federal
Communications have warned
broadcasters against advertis-
ing that misrepresents the ac-
tions of playthings. or the ac-
ceSsorieS that come with them.
Broadcasters were put on
warning again few weeks ago
by Charles L. Sweeney. chief
of the food and drug advertiS-
ing division of the FTC. speak
ing to the Georgia Association
of Broadcasters. Not confining
himself to food and drugs. he
served notice that the commits
sion was deeply concerned
about televiSion demonStra-
tlons.
He reminded the broadcast
ers that the ETC had cracked
down on advertisers who used
prepared plastic to demonstrate
how a shaving cream could
make sanopaper shavable, and
who used trick photography
and petroleum jelly to make
safety plate glass appear supe-
rIor to other glass.
Toy Manufacturers Hit
More recently, he adde d
the FTC had issued final or
ders in two cases involving tele-
vision advertising of toys. One
commercial for a battle set
showed, in addition to the
componentS actually sold
numerous miniature trees anc
other pieces of scenery. COM
ponents that smoke or produce
smoke, and toy cannon thai
fire projectiles which explode.
The other involved two toys
a radio kit and a chemistry set
The radio demonstration "sug-
gests that it contains the parts
necessary to contruct a radio
Evening star., 1962-08-30
METALS

NEW YORK, Aug. 30 (APl.-Spot
nonferrous metal prices today: Copper
81 cents q pound, Connecticut Valley.
Lead ga cents q pound, New York
Zinc 1l1a cents q pound, East St.
Louis. Tin .0S7s a pound New York
Foreign silver 1.10 per troy ounce,
New York. Pittsburgh scrap steel No.
heavy was quoted by Iron Age at
- 0O-2S 90
Evening star., 1962-08-30
C&O Orders DieseIs

CLEVELAND. Aug. 80 CAP)
The Chesapeake & Ohio Rail-
way said it has ordered 81 mil
lion worth of diesel locomotives
from the General Motors Co,
Electro-Motive Division. Deliv-
cry is to start early next year
on the 80 locomotives.
Evening star., 1962-08-30

tive committee which would
have one representative from
each member firm. A code of
ethics is expected to be drawn
up at later meetings.
Evening star., 1962-08-30
80 s.l4 Business, Stocks
First Virginia Denied
Plea to Gain Control
Of Winchester Bank

The Federal Reserve Board a split decision yesterday
denied application by First Virginia Corp. of Arlington
acquire control Of Farmers Merchants National Bank
Winchester Va
The board said the would the competitive
disadvantage OF smaller banks without substantial
Evening star., 1962-08-30

Lloyd, Miller with violating the
net capital rule. failure to keep
proper books or to show written
approval of transactions made
by its registered representa-
tiveS.
Evening star., 1962-08-30
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. Thursday,
/ AupliSt an lQh1.
Evening star., 1962-08-30
TREASURY BONDS

NEW YORK (AP) Noon over the coun.
ter U. S. Government Treasury bonds,
bid, asked, net change and yield for
Evening star., 1962-08-30
THE EVENING STAR

Washington, D. c.
Thursday. August 80, 1862
Evening star., 1962-08-30
Only TWA flies the StarStream. new

And only TWA offers you the convenience of midn
departures. Have leisurely breakfast at home,
nonstop and be in Los Angeles at 1885 PM. Yor
the jetliner built expressly fornew DynaFan JET p
climbs faster to smooth cruising attitudes TWA
you in Los Angeles at $40 PM in plenty of time
there. Fly luxurious First Class or thrifty Coach;
guest at meatime Call your travel agent or TWI
Fly TWAS starstream nonstop to San FrancIsc
The Farmville herald. (Farmville, Va.) 1957-current, 1962-11-02

cant must be Q) retired or self-employed,
or working where there are nine or fewer
employees, and (2) in reasonably good
health. This program is for persons who
are not eligible for group coverage, and
who are not now enrolled in Blue Cross
Blue Shield
JOIN NOW-Enrollment Period
October l5-November Is
Enrolment for the Senior Citizen pro.
gram will be from October Is to Novem-
Der IS. Membership in the program is on
an individual basis separate applications
are required for husband and wife. Appli-
cation blanks are available at your local
Blue Cross Blue Shield district office.
hospital or doctors office.
*MAILTHIS COUPONFORD DETAILS
IF you have parents, other relatives, or
friends who are IS or over, we suggest
you clip and mail this coupon for them.
The Farmville herald. (Farmville, Va.) 1957-current, 1962-11-02
Garden Club Meets
With Mrs. Royal

AMELIA, Nov. Mrs. James
Royal was ostess to the
Amelia Garden Club, last Thurs
day. with Mrs. william Jeffer-
son in charge of the program,
giving a talk on bulbs.
Blue ribbon winners were:
Mrs. William Jefferson with two
on chrysanthemums: Mrs. c. S.
Farmer, three on chrysanthe-
NUNS; Miss Selma Hindle, with
a blue on her chrysanthemums
and a blue on a rose, and Mrs.
Charlie Dickerson, one blue on
chrysanthemum. A tea followed
the program.
The Farmville herald. (Farmville, Va.) 1957-current, 1962-11-02
POiUhutun P-TA Hears
Guidance Counselor

POWHATAN. Oct. 25-"Prepa-
ration For College" was t h e
topic discusse by Miss Lucille
Gille spi, of Richmond, at the
October meeting of the Powha-
tan P-TA. She challenged par
ents to realize the Importance
and necessity of spending con-
siderable time in making selec-
ton of the college to which
heir child will go.
Parents must help their child
develop proper attitudes if the
child is to succeed the atti-
tude of wonder or development
of intellectual curiosity: Of prop
er respect for educators: that
learning is more important than
actual grades; accepting college
rs an eventual reality, and de-
pending OH parents for under
sanding and hope OF the future
Parents must learn how to share
the disappointmen.s and t h e
happiness. when the child max IS
sood grades.
Miss Gillespi further stressed
10 habits which the parent can
help develop in the child: IL
love for reading: ~ expansion
Of vocabulary; 80 the art OF
hstering. "A how to study prop
erly: ~ learning to ACCEPT fail
ures; 81 the desire for chal-
lenge or competition: ~ realize
The Farmville herald. (Farmville, Va.) 1957-current, 1962-11-02

the necessity Of always being
dependable and industrious: 80
desirability of self-reliance; 80
try to treat your own effectively
and flO) have an idea Of your
child's talents and what they
can do, and encourage them to
participate.
L. is not too early to begin
making college plans in tn e
eighth grade. she said, and the
parent must be familiar with the
requirements for entrs nee to the
various colleges.
Miss Gillespi was introduced
by Thomas W.. Stafford, princi-
pal, and a question and answer
period followed her talk. At the
pres ent time the speaker is tenth
grade guidance counselor at
George Wythe High School in
Richmond. She has taught guild
ance and counseling classes on
the graduate level at William
ana Mary and the University of
Virginia, holds a BA degree
from Madison College and an
MA degree from University of
Michigan.
The annual Halloween Carni-
val will not be sponsored by
the P-TA this year as their
mOney-making project.
Open house will be planned for
the November meeting.
The Farmville herald. (Farmville, Va.) 1957-current, 1962-11-02
Two New VHDAA Officers

New officers for the Central District Of the Virginia
Home Demonstration Agents Association are Mr. Georgia
"iAersoh CHAIRMAN seated at left home demonstration
agent Of Cumberland county, and Miss Kitty Sue Gov
ary standing right assistant home agent
Of Lunnburg county, two are seated Miss Caroline
sop Oh ADemarle formerly Of Prospect outgoing
and standing Miss Yeats Of Charlotte copntv ont
going secretary The elected at the district
ing at the Methodist Assembly Center in Blackstone On Oct
S Main feature meeting was panel discussion Nv
members OF the virginia Department Agriculture bring
10 the agents the consumer activities
patment Moderaor for the panel Mrs. Virginia
Derry retail market reporter Of the State Department.
The Farmville herald. (Farmville, Va.) 1957-current, 1962-11-02
Several From, Amelia See
LnteTnufiOnuIHOYse ShO,c

AMELIA, Nov. l = Among
those attending the International
Horse Show in Washington over
the week end were S. L. Far
rar. Jr.; George O. Hardy, III:
and Tom Pollard who were all
guests there Of Mr.. and Mrs. w.
X. Hardy. DIN Hardy also at
tended the horse show and was
the guest of Tom Walden in
Washington. Mrs. Elizabeth Per-
due and her daughter, Miss
Beth Perdue, were guests of
their cousin. Mrs. w. L. Agee,
The Farmville herald. (Farmville, Va.) 1957-current, 1962-11-02

grove attended a ball game at
Louisa, Friday.
MeSdanes Joe A. Hazlegrove,
George Sanderson, harle S
Simpson, and w. B. Walker, Jr.
a tie n d e d the Presbyterial,
Wednesday at South Boston.
They were accompanied by Mrs.
Gray Simpson. of Raines.
On Friday evening, Mesdames
The Farmville herald. (Farmville, Va.) 1957-current, 1962-11-02
Crute Receives
Degree From VPI

John S. Crute, Jr., son OF Mrs.
John S. Curte and the late Mr..
Crute. of Buckingham Court
house, received his Bachelor of
Science degree in mechanical
engineering in August from Vir-
ginia Polytechnic Institute.
He was a coop student with
the Norfolk and Western Rail-
road while attending VPI and
was a member Of the American
Society of Mechanical Engi-
neers.
Crute is now employed with
the Norfolk and Western Rail-
road in Roanoke.
He is a graduate Of Bucking-
ham Central High School and
attended Hampden Sydney Col
lege for two years before enter
ing VPI. He was member of
Kappa Alpha Social Fraternity
at Hampden-Sydney. Crute serv-
ed two years with the United
States Army in Korea.
He is married to the former
Miss Martha Donaldson, of Roa-
ncke. They have a four-year-old
daughter, Susan. Mr.. and Mrs.
Crute are making their home in
Roanoke.
The Farmville herald. (Farmville, Va.) 1957-current, 1962-11-02
Guinea

Billy Hazlegrove and som e
friends, OF Roanoke were week
end guests at Little North
field"
Mr.. and Mrs. w. B. Walker.
Jr., left Sunday for a business
trip to Pennsylvania.
G. S. Yeats and Joe A. Halle