davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06

the remainder will be diSbursed
by May l. The two companies
to which the initial loans were
made will employe 200 persons,
with an additional 100 expected
to be added in another year, he
declared.
Inquiries for additional loans
have come from three differ
ent areas throughout the State,
he said.
AS of December 81, the cor
poration had net earnings of
$7,941, derived almost entirely
from income on Government
securities. Since its organiza-
ton, the corporations admin
istrative expenses have been
provided by appropriations
from the General Assembly.
These have been made to get
the corporation started.
!. Mr.. Bishop said appropria-
tions already made will be suf-
sicient to finance the corpora
tion through June 80 and then
Vie corporation plans to move
Rrom the State Office Building
to privately rented offices in
Richmond and will use its own
earnings to meet all needed
administrative expenses.
The corporation has an au-
thorized capital of So million,
consisting of 10000 shares hav-
ing par value of 500 each,
Mr.. Bishop reported.
AS Of December 81 the cor
poration had grand total stock
sales of $740,600. Credit lines
from members, composed of Al
banks and eight insurance COM
loanies, now aggregate $780,
900. Mr.. Bishop said the cor
poration is reasonably graft
fled by the response to our
stock sales and membership
campaigns" and expects that
Further stock sales anticipated
SHOULD carry us substantially
toward our minimum goal"
5 The following were elected
new directors at yesterdays
meeting: Frank Batten, Nor
folk Portsmouth Newspapers,
Inc, Norfolk; w. H. Jefferson
jr., American National Bank
and Trust Co., Danville; w. M.
McAllister, Southern Bank of
Norfolk, Norfolk; E. Claiborne
Robins, A. H. Robins Co.. Inc,
Richmond; R. r. Smith,
Smiths Transfer Corp, Staun-
ton, and j. c. Wheat, jr., j. c.
Wheat & Co., Richmond,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06
Dividend Declared
By Drug Concern

Directors of District Whole
sale Drug Corp. have declared
a regular quarterly dividend
of 6 cents a share on the Glass
A common stock, of which
100000 shares were sold to the
public recently.
AS announced in the offering
prospective the quarterly rate
represents an annual rate of "a
cents a share on the stock
which was marketed at 81 a
share through Auchincloss,
Parker & Redpath, President
David I. Estrin pointed out.
The dividend is the first since
the offering. It will be paid
April / to stockholders of rec
ord March Is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06

OWKHSWHHIC1 1A1SUdHKHHkC1IG UGUUS
increased by $215 million in
January VS.. q $26 million rise
in December. New credit ex-
tensions declined to $40 bill
lion from $4.3 billion in De-
cember. Repayments fell to "a
billion from SAL billion-Fed-
eral Reserve Board.
Aldens, Inc. February sales
totaled $9,456,499, up 8.1%
from 1861.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06
Prescriptions Unit
Added by DuImo

A prescription drug depart
ment has been added to the
new drug division of the Dalmo
discount chain at Thirteenth
and G streets NV, and Phar-
macist James ]. Kleinfelder
heads the department.
Expansion into prescriptions
was a natural outgrowth of the
large volume attracted by dis
count drug operations, said
President Stephen Baumgarten
of Dalmo. Initially the store
handled only nonprescription
drug items.
Dalmo plans to establish
drug divisions in its other four
Dalmo retail stores, which for
many years have merchandised
appliances and other items.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06
New Exchange Lists
Missile Sites

Missile Sites, Inc, of Whea-
ton, Md, will have it's stock
listed on the new National
Stock Exchange, which opens
formally in New York tomor-
row.
Samuel N. Zarpas, president
of the construction and land
development firm, will attend
the opening ceremonies.
Missile Sites marketed its frs
public securities offering in
June, 1861, and reported an
order backlog of more than
$40 million at the end of the
year. 1t has $500 stockholders
across the Nation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06
Insurance Agents
To Hear Johnson

Calvin D. johnson, executive
assistant to the vice president
of Remington Rand, will be
guest speaker at a luncheon OF
the District Association of In
surance Agents at the May
flower Hotel on Friday.
Seminars on multi-peril
policies and automated agency
machine bookkeeping will be
additional features. A panel OF
three speakers will discuss each
subject.
The program will be in OBJ
servance of Insurance Day and
visitors from the Maryland As
ISOLATION of Insurance Agents
the Northern Virginia Insur-
ance Agents and other organi-
cations will attend.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06
Banks Urged
ToAttract
More SAVINGS

NEW YORK, Mar. 6 (AP).-
Lethargy and competitive han
dicapS were cited yesterday as
reasons for the failure of COM
mercial banks to attract saw
ings deposits in recent years.
1--WE have to some extent
sold our birthright for a mess
OF pottage and seen our dom
nance in the savings field pass
to other hands," said Sam M
Fleming, president of the Amer
lean Bankers Association.
He told a conference of about
900 bankers that this lis part
ly attributable to our own leth-
argy and partly due to taxation
and other handicaps which
have prevented us from COM
peting on an even basis with
other institutions"
Important to Nation
Mr.. Fleming said it was i'm
portant for the Nation and the
future of the commercial bank
ing system that commercial
banks regain the lead in the
savings business.
In recent years Savings anG
Loans and Savings Banks have
taken a large share of savings
deposits away from the COM
mercial banks. This year the
whole situation has beer
shaken up by amendments tc
Federal regulations that permit
commercial banks to pay more
interest on savings deposits.
Commercial banks all
around the country are now
taking inventory to see what
they can and should do to re-
capture leadership in the vita
savings field" Fleming said.
Competition Stressed
Bankers must realize thai
they are now in a highly COM
petitive market; and if they
want savings deposits they
must utilize their full sales pc.
tential in trying to outsell theil
aggressive competitors"
Mr.. Fleming suggested thai
a commercial bank savings &C.
count should enjoy a higher
rating (than that of competi-
tors) because of what he calico
the superior quality of the
product. He advised CONNER
cial bankers to put more en-
phasis on one-stop banking
which he called a real ad-
vantage.
He cautioned that banks
which cannot profitably invest
or lend additional funds should
not offer higher rates to at
tract additional savings.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06
Big Bourd Seat Sold
NEW YORK, Mar. 6 (AP)-

NEW YORK, Mar. 6 (AP).-
A seat on the New York Stock
Exchange was sold yesterday
for 10000, down $4,000 from
the last previous sale February
IL. The current market is $17O,-
900 bid and $4,000 asked.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06
GELICO Reports Net
OF sos. 467 in Year

Net gain from operations of
Government Employees Life In
surance Co. amounted to $780,
467 in 1861, a gain of 81 per
cent from $556,660 in the pre-
vious year, the company re-
ported yesterday.
Benefit payments of $1,171,-
406 were up z per cent from 81, =
093,27 in 1860. AS a result of
an error in yesterdays column,
the total of benefit payments
was given as the net gain from
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06
Clarendon Trust
Branch Is Approved

Clarendon Trust Co. has re-
ceived approval from the Fed
eral Deposit Insprance Corp.
for establishment of a new ia
cility at Fort Myer, Arlington,
Va.
The approval was listed in 9
routine bulletin from the Fed
eral agency.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06

Hecht's was consolidated in
1859.
This was announced yester-
day by Robert H. Levi, preSi-
dent of the Hecht Co.
Mr.. Baker goes to Baltimore
from D. H. Holmes in New Or
leans and succeeds Godfrey
Swaebe, who has been pro-
NOTED to president and general
manager ofthe Los Angeles
May Co. and chief executive
officer of the Los Angeles
stores.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06
METALS

NEW YORK. Mar. 9 (AP).-Spot
nonferrous metal prices today: Copper
Lead ga cents a pound, New York
Zinc II cents a pound, East st. Louis
Tin 1.215s a pound, New York. For.
eign silver 1.01la per troy ounce, New
York. Pittsburgh scrap steel No. ]
heavy was quoted by Iron Age al
33.00-34.0O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06
Hecht's Appoints
Baltimore Executive

Z John F. Baker has been
named vice president and gen.
eral manager of Hecht Co,
stores in Baltimore and also a
vice president of May Depart
ment Stores Co., with which
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06
First Loans Reported
BY Virginia industrial
Development Corp.
BY DONALD b. HADLEY
Star Financial Editor

Virginia Industrial Development Corp started lending
operations with commitments for two loans aggregang
and inquiries have been received for additional financing
dent w. Bishop disclosed in his first report to
holders and members at Richmond yesterday.
Mr. Bishop said 100000 of the loans used and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06

Hudson's Bay Co. in year
ended January 81 earned So
$4,000 VS.. 1920, 900 in 1861.
Mcdonnell Aircraft in 6
months ended December 81
earned $6,301,386 or $1.84 a
share VS.. $5,950,381 or SITS in
1860 period.
N0rthrop Corp. in 6 months
ended January 81 earned So
sos 900 or IS cents a share VS..
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06
FOREIGN
EXCHANGE
Canada iii N. Y

NEW YORK, Mar. 8 (AP) Foreign
exchange rates (Great Britain and
Australia in dollars. others in cents
Today Prev.5Day
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06
OVER COUNTER

.. Following prices furnished by the Ma
tlonal Association of Securities Dealers
IN washington represent the range within
which locally active securities could have
been bought or sold at l PIN. Tuesday,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-06
BUSINESS BRIEFS
Consumer Installment debts $4,227 900

| $4,227,000 or $1.10 in 1861
period.
American News in year ended
December 20 earned $2,166, 1856
or $1.36 a share VS.. 1896, 1855
or $1.51 in 1860.
Other earnings included:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-15

1880 pm. there win be a Coast
Guard demonstration followed
at 2 by a concert by the Naval
Academy Band.
Gov. Tawes will dedicate the
marina at 2:30 after which
Rear Admiral H. ]. Wuensch,
commander of the 5th Coast
Guard District, will speak.
There will be a boat tour OF
Crisfield Harbor at 4 pm. fol
visitors. followed by a crab
feast and street dance at 7 and
a fireworks display at 10.
= = =
Harry Smith, jr., secretary
has announced American Pow
er Boat Association sanction OF
five unlimited hydroplane races
this season, including the Pres
ident's Cup Regatta off Hams
Point September Is and Is.
Others are the Diamond Cur
at Couer d'Alene, Idaho, July
21-22; Gold Cup at Seattle
August 5; Governors Cup al
Madison, Ind, September Ia
and the Lake Tahoe Regatts
in Nevada, September 1890
-COVELL.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-15
FORE AND AFT
. Sailing Series to Stort

Yacht clubs throughout the
Chesapeake area are gradually
swinging into their summer
programs.
Two of them, National Yacht
Club which headquarters at the
Washington Sailing Marina on
on Daingerfield Island, and
Chesapeake Yacht Club, at
Shady Side, Nd, will have their
flag-raisings this week end.
At the same time, National
Yacht Club will start its sum-
mer sailing series. The club,
headed this year by Commo-
dore Carl w. Tomlin, will have
its flag-raising at 2 pm. Sun
day, followed by the first race
Of the season on the nearby
Potomac.
Chairman Of the Race Com
mittee is Henry Weigel and two
races each day are scheduled
June "a, July / and July is to
complete the first half of the
schedule. The second half will
start July 20 and continue Au-
gust 5, IL and 10.
Any class which can enter
two or more sailboats may
compete. Expected are Light
nings, Jet las, Hamptons, Mob
jacks, FL Toros and Catama-
rams.
Chesapeake Yacht Club will
have its flag-raising at $3.50
pm. tomorrow. followed by q
buffet supper and dancing.
\
Representative Landlord
Democrat Of Maryland, was the
principal speaker at Rose
Haven Yacht Clubs opening
ceremonies last week end. He
also presented a cup to Capt
Charles Walton and Mate Bill
Battles Of the 30-foot cruiser
jeanette Lee which recently
won a match race on the
Chesapeake.
State Senator Louis N
Phipps Of Annapolis also spoke
and the days events were eli
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-15

NAKED by a boat parade, won
by Bill Moore aboard Elpis
John Bass, jr., with Sea Bass
II, placed second.
Officers this year are Edgar
Baum of Bethesda. commo-
dore; Richard Curtin of Lam
ham, vice commodore; Donald
Koop of Silver Spring, rear
commodore, and Bass, from
Cheverly, Md, fleet captain.
A special television program
for water sports enthusiasts
will be presented over WMAL-
TV. Channel Z, at $3.50 pm
tomorrow. Ed Meyer, program
host, will use films and an in
terview with Dick Bridge, small
craft instructor for the Red
Cross, to point out the water
sports facilities available in
this area. Boating safety will
be emphasized.
A new 100000 boating IA
cility at Crisfield. Md, will be
dedicated tomorrow by Gov
Tawes.
The facility, known as the
Somers Cove Marina, has beer
built jointly by the Maryland
Port Authority. Somerset
County and the City Of Girls.
field.
1t has berths for 1T boats
four cupboard launching ramps
a service pier, office, conces.
sion facilities and a large park.
ing area. Operation will be un.
der the direction Of the recent.
ly formed Crisfield Port Com.
mission, of which Harvey Brad.
shaw is chairman.
Work was begun in 1860 with
relocation of 5000 feet of road.
way to allow for dredging Of
the cove by the Army Engi-
neerS.
The program will open at II
am. with sailboat races. Al
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-15

MANNAHOAC BOW HUNTERS
Twenty-eisht target "safaris shoot
with registration from II am. to .
pm. tomorrow and 10 am. to. 2 pm.
Sunday at range on Seven Locks road
between Montrose and Falls road,
Rockville. Free archery instruction
given every Friday at 7:30 pm. at
the range by Ed Gross.
ARLNGTON-FAIRF CHAPTER
rodeo for members children from / to
5 pm. tomorrow on club grounds near
Centreville, Va.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-15
Big Rockfish Biting in Boy,
Blues Along Seocoost

few block drum taken in Wach-
apreague Inlet but the main
attention is conferred on a run
Of mixed bonito and blues
about 10 miles offshore. The
fish are small. weighing no
more than 21z pounds, but
they are in great numbers.
Founder fishing has been
comparatively slow with per-
haps Is to so to the boat, but
the fish are running good-sized
and some trout are mixed with
the founders.
Sea bass catches have been
very good off Chincoteague,
Va. with the fish large, rang
ing from 3 to 5 pounds, while
small blues and bonito are be-
ing caught on Winter Quarter
shoals. Founder fishing has
picked up in the channels and
a couple Of channel bass have
been caught in Koplin's Slough.
Blue Marlin Reported
Over at Ocean City, Md.
Paul Mumford 'reporte q
that an angler named Bob Do
bic aboard the private boat
Mecca, hooked but lost a blue
marlin and reported seeing a
white marlin.
There have been scattered
schools of bluefish offshore
weighing up to 5 pounds ano
some tuna have been sighted
Mumford added that kings and
small black drum are in the
surf and a few trout weighing
up to 212 pounds and some
rockfish have been taken cast
ing bucktails and plugs neal
the steel jetty.
Founder fishing is picking
up inside the inlet while the
head boats are getting some
large porgies although sea bass
are dwindling.
Sea Bass Plentiful
Capt. Charles Ash at Indian
River Inlet reported a catch OF
462 sea bass and ling on the
Old Grounds while the Fenwick
wrecks are producing large
numbers Of medium sized por-
gies.
On a recent trolling trip, he
brought back rs blues weigh
ing from Ia to 4 pounds
There also have been reports
Nof small tuna, he added. neal
the Delaware LightShip. A few
small blues are being caught
at Indian River Inlet.
Boats out Of Lewes, Del, alsC
are going after the bass anC
ling on the Old Grounds anC
the blues offshore. Catches o.
so to $50 sea trout are being
made in Delaware Bay but thu
fish are small. There also arr
some scattered founder.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-15
THE LOG BOOK

CHESAPEAKE YACHT CLUB-Flag.
raising at 500 pm. tomorrow fol-
NATIONAL YACHT CLUB-Flag-
raising at 2 pm. Sunday at Wash
ington Sailing Marina followed BY
first in series Of summer races on the
NATIONAL CRUISING FLEET
Start Of Cruise Week tomorrow with
rendezvous on Mattox Greek across
POTOMAC RIVER POWDER SQUAD
R0N-Rendezvous and NAVIGATOR
contest Sunday at West River Yacht
Club.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-15

Of these trolling bucktails with
no more than 4 ounces Of lead
His best catches have been in
what is known as Cedar Point
Hollow and he also took one
bluefish, which weighed one
pound, 8 ounces. Tippett, how
ever, said he has taken several
blues.
White Perch Plentiful
White perch, some of large
size, are said to be very plenti-
full in the mouth Of the Po-
tomac as far as Tall Timbers
and Raggedy Point and in the
mouth Of the Patuxent. Many
small rockfish also are break
ing in the Tall Timbers area
but they are all under the H.
inch minimum.
Boats out of Tilghman Is
land, Chesapeake Beach and
Deale are trolling the Gooses
for rock that range up to is
pounds or more. Capt. jim
Shute on Eileen III out Of
Deale brought in eight one day
and seven the next tn al
weighed Is to is pounds. They
were caught blind trolling with
No. 81 TONES.
Chesapeake Beach shippers
say they have been getting ur
to 20 on large bucktsils. Fair
sized perch also are off Chesa-
peake Beach and some can be
caught in the shallow portions
of Herring Bay. There are q
few small rock in Herring Bay
but they are mostly understood
Eastern Bay Fishing Poor
Capt. Otis Bridges, who boats
out Of Bozman. Md. said thai
Eastern Bay fishing is very
poor with only a few small rocE
being caught along with some
good-sized perch. A few 3 to A.
pound rockfiSh are biting in
the early morning on The Hill
Understood rockfish also are
C ON mon off Thomas Point
Light at the mouth Of South
River but good-sized white
perch are biting from No.
buoy to the lighthouse. Fishing
also is said to have improved
up the river with one perch
Weighing a pound, 2 ounces anC
measuring Is inches.
Down at Cape Charles, Va,
several cobia have been caugh
within the last week. One o
them, a 45-pounder, was largu
enough to earn a citation il
the Virginia Salt Water Tour.
nament.
BOnitO Mixed with Blues
Capt. Lee LucZak of Cape
Charles said he was fishing of
Fisherman's Island when 6
great school of channel bas
approached. THE waters werl
red" he said, land I was just
getting ready to cast to then
when another boat frightened
the school away"
Wachapreague, Va, reports {
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-15
Fights Last Night
WHERE THEY ARE BITING
BY the Associated Press

BY the Associated Press
MIAMI-Junior Grant, l76, Miami
outpointed Sweet Jimmy Robinson, l72
Kansas City, o.
GLASGOW, SCOTLAND - Johr
Cowboy Mccormack 1874, Scotland
outpointed Henry Hank, 1888. Detroit, 8
TOKYO-Mundo Esparaz, flS
Mexico, outpointed fighting Harada
1854, Japan, 10
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-15
FISHING
By CHARLES COvELL
Outdoor Editor

ONN4ooE E0AtoE
Big rockfish in Chesapeake
Bay and schools of small to
medium-sized bluefish all along
our nearby seacoast make the
outlook promising for fisher
men this week end.
The big rockfish are on the
Gooses and along the Western
Shore from Cedar Point at
Solomons to Point No Point.
The bluefish are ranging from
Wachapreague. Va, all the way
to the mouth of Delaware Bay.
A very few have been caught
in Chesapeake Bay.
In fresh water, pond fishing
should continue good and the
north fork Of the Shenandoah
River is said to be in excellent
condition for float fishing. One
party floated from Woodstock
to Maurertown and caug h I
numbers of 8 to l2-inch bass
along with several IS to IA
inchers. They had no trouble
also getting quantities Of large
bluegills.
Potomac in Good Shape
Unless the recent rains have
muddied it, the Potomac River
above Brunswick is said to be
clear and in fine fishing con-
dition, but the lower river is
off-color. Fishing prospects are
not nearly as good on the south
fork of the Shenandoah, the
Rappahannock and sthe Rapi-
dan. all Of which are muddy
On both bay and ocean
winds and rain have curtaileo
the fishing during the last week
but when the boats could gel
out, good catches have beer
made.
Down on the Southwest Mid
die Grounds off Point Lookout
the hardhead seem to have
scattered and are playing hare
to get. Capt. Andy Scheible
said his head boat caught eight
Saturday night but the bay was
too rough for good fishing
Capt. Taft Tippett, who boat:
out Of st. Jerome's Creek, re.
ported taking as many as g.
but the schools are difficult Il
find.
Rock Of All Sizes
Meantime, Schedules chartel
boats out of Smiths Greek Al
well as those from st. Jerome'
Creek and Solomons Island arr
concentrating on the rockfisf
between Cedar Point and Poin
No Point.
These run apparently from
pounds to the 15-pound limi
and above. Today, incidentally
is the first that a hook-and'
line fisherman may legally taxi
one rock in Maryland water
weighing more than is pounds
Although skunked by baC
weather occasionally. Capt. Ro
die Langley out Of Solomons salt
he has taken from % to III
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-15

TimesE tern Standard
HIGH TIDES FOR WASHINGTON AND POTOMAC RIVER POINTS m
kM S:SSs 7:4d 84a S::SSs S:SSii 1879 1879 iiG G3s2
Bridge add minutes For
a
IN
Breton Bay plskiStOn Isl = eH hrs 9gnn Cove lent5sns
bsSiTren --- S1S hrs Rock Point COBB I'VE
Jun. IS HM June fOE June roE gaSe Il June % June June
6:13 1924
AnnaPois Sssrysr1 Eiysr hrs Island NsrrOVs u hrs
Pig JPatuxent hrs
Choptank Soomon hrs
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-15
BOnito Mixed with Blues
FAIR WINDS OR FOUL

LOWER POTOMAC AND CHESAPEAKE BAY
--TomOFrow, Voriuble winds ct to II knots, fair
weather except considerable eorE morning fog. Sunday
outIook-Voriobe winds from to 10 knots, mostly
from the south, fair weother-Comped by the United
Stafes Weather Bureau.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-15

GLAsPAR Il. MaTauder. 1861, Brand
s asT sGna 20 s JaR'sa sR T oue
sale SLABS or best offer. Call REYN-
OLDS,. CE. 6-S4S3. Mitchellsville,