davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-07
Rees Home Search
By FIJI at Issue
In Murder Appeal
By JERRY OTEARY, Jr.
star staff Writer

The father Of Melvin D. Rees r- testified in Alexandria
Federal Court today that he did not FI permission
to break into" and accordion family in which
q murder weapon found more than three years
Melvin D. for Al employe Of the Chest
peake Potomac Telephone Co., told Judge Lewis
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-07

will tonight the MdAtlanc Coast States Lakes
nS Upper Mississippi Valley Northern Plains Gulf Coast States
Northern Rain will fall in
portions of Mississippi Valley
and Central Plains.-AP WrephOtO.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-07

For high and low tides at the follow
ing points, subtract times indicated
from the above: Annapolis, 3I4 hours
Bloody Point Light, 4ia hours: Colonial
Beach. . hours, Deale. Az hours /:
Solomons Island, 6la hours: Point
Lookout IA hours.
The Sun and the Moon
Rises Sets
Sun, today - 6:42 am. SOP pm.
Sun, tomorrow 6:43 am, SOL pm.
Nom tndny II ma n M IC.SR n m
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-07
Project Skywatch

8 miles. Tides l to 2 feet above
normal.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-07

Project Skywatch
The weather satellite Tiros
VII will not be visible during
its passage over the Washing
ton area tomorrow because of
low solar elevation.
River Report
Potomac River muddy at Harpers
Ferry and slightly muddy at Great
Ealls. shenandoah muddy at Harpers
Ferry
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-07

Record Temperatures for the Year
Highest, 90, on May 9, June 10 and
July %
Lowest, 3. on January "a.
Tide Tables
Furnished by the United States Coast
and Geodetic Survey
Evening star., 1963-09-29
PuroIutor Owns
1870 Of Tunq-SoI

NEW YORK DD.-James
D. Abeles. president, said Puro-
lator Products, Inc, owns about
100000 shares Of Tung-Sol
Electric, Inc. common or about
80 per cent Of Tung-Sol'S 926,-
826 shares.
From September 1 through
September 26, Purolator made
a tender offer for 100000
shares Of Tung-Sol at $22 q
share. Prior to this 1t had ac-
quired about 100000 Tung-Sol
shares In open market pur-
chases. A company spokesman
did not say how many shares
were acquired via the tender
and indicated there have beer
further market purchases re-
Gently.
Purolator, producer Of auto
and industrial filters, was hold
ing merger talks with Tung-
Sol until early In August. But
the new Tung-Sol management
withdrew from such talks and
tried unsuccessfully to block
the tender by court action
Tung-Sol makes auto and elec-
trio parts.
Evening star., 1963-09-29
BUSINESS BRIEFS

program will cost In excess Of
81 million.-Dow Jones.
Canadian, Its, Canadian sub
Sidiary Of General Dynamics
Corp, announced sale Of three
CL-44 tuboprop cargo planes
to Japan Cargo Airways for
approximately SIT Million
Dow Jones.
Chrysler Corp. reported its
passenger car production this
year already has exceeded out
put Of all calender 1962.-Dow
Jones.
Pillsbury Co. has called for
redemption by October 81 Of all
outstanding shares Of "a cumu-
lative preferred stock. The re.
demption price is $100.18 q
share.-Dow Jones.
Evening star., 1963-09-29

record net Of $46,7 ,736, ,395 OF
$S.SS a share and record reve-
nues Of $5e7, ,6s7,256
Mr.. Austin said sales are
expanding more rapidly than
the growth Of the total soft
drink market, or, in other
words. Coca Cola Is increas-
ing its share Of the total soft
drink market.
Expansion Of sales Of the
Coca-Cola beverage Is being
achieved, Mr.. Austin said, BY
further Penetrating markets al
ready entered.
Mr.. Austin said Coca Cola
Co. also was drawing increased
earnings from its diversified.
ton into favored soft drinks
and q new dietary product.
Evening star., 1963-09-29
WITH GREATEST OF EASE
HeIicopter Helps Businessman Run Empire

point to point. 1t is extremely
adaptable to my business.
Mr.. st. Clair Is a pace-setter
In a growing business transpor-
tation trend in the Washington
area. Another pace-setter is
Loving Chevrolet, Of Silver
Spring, which, months ago, took
on area leadership for Hughes
helicopters, Of Culver City,
Calf. and set the sights on
the busy businessman. Loving's
helicopter division provides the
training (you don't have to buy
the machine) with 31-year-old
Dan RoSenson, a 4,000-hour
veteran. a. chief pilot and in
structor.
With his instructor along,
Mr.. st. Clair dipped the pert
little two-place whirlybird into
National Airport q couple Of
days ago after q 37-hour flight
from the Hughes plant in Cul-
yer City. Flying was daytime
only; cruising speed about IS
miles an hour.
Evening star., 1963-09-29
Gu Chapter Plans
Presentation Dinner

The designation Of Chartered
Life Underwater will be con-
ferred on II Washington in
surance executives at a dinner
at the Army Navy Country
Club Tuesday night.
Washington Chapter, Ameri-
can Society TO Chartered Life
Underwriters. sponsors the an
nual conferment dinner and
guest speaker will be Mildred
F. Stone, CLU, assistant secre-
tary Of Mutual Benefit Life In
surance Co. Of Newark, N. j
In addition to the CLU desig-
nations, management diplomas
will be presented to eight In
surance veterans.
CLU diplomas will go tc
John A. Cuthrell, jr., DAME,
w. Williams and Robert I
Sweeney. Metropolitan; Dent j
FarT. New England Mutual:
Leslie H. Jackson, Nationa
Life; Richard A. johnson
Berkshire Life; Willie C. Mason
United Benefit Life; Georg,
w. Graves, New England Life
Bruce K. Bridgeman. Govern,
ment Employees Life Insurance
Wilbur st. Clair, Mass. Mutual
Walter Weissinger, jr.. New
York Life: Robert e. williams
Life Insurance Co. OF Virginia
Evening star., 1963-09-29
Coco-CoIo Sees Net
For Quarter Above '62

ATLANTA ODD. - Coca
Cola Co. will earn more In the
current quarter ending Sep
tember 80 than the $16,271,3IS
or $1.18 Q share reported for
the third period last year, J.
Paul Austin, president, told
Dow Jones.
When asked II earnings for
the big soft-drink firm were
continuing to run IL per cent
above last years figures as
they die during the first six
months. he replied we're with
In shouting distance"
For the first six months Of
1868 Coca Cola reported net OF
$24, ,S40.267 or $1.76 . share VS..
$21 ,694.S57 or $1.57 In the June
half Of 1862.
For all 1862, Coca Cola had
Evening star., 1963-09-29
YOUR MONEYS WORTH
Price~Eornings
Ratios and Yields

Measured by some of Wall
Streets most treasured yard
sticks, stock price averages
again are moving into very
high ground.
For instance, the average
price-earnings ratio of the 80
stocks in the Dow Jones in
duStrial average is back above
19-to-1-approaching the high
ratio reached at the end of
1861 when the market crash
began and well above the ratio
touched in mid-1962, when this
stock average hit its low.
AS another illustration, the
average yield of the 80 stocks
in this average is back below
3H per cent-approaching the
low yield reached at the 1851
market peak and well below
the yield touched at the 1862
market bottom.
What is q "price-earnings
ratio? What is a yield?
How can you compile these
figures on stocks you own?
/. A price-earning ratio is
the relationship between the
price at which a stock Is selling
and the company's earnings per
share. Since a stock reason
ably is supposed to sell at q
price reflecting to an extent
what the company Is earning
today and Is likely to earn
tomorrow, the Importance of
this ratio is generally
acknowledged.
How high is today's average
Of 1911 on the Dow Jones 30
industrial stocks2 It's high, but
that does not mean it's too
high and won't go higher.
At the end Of 1850. when
the markets upsurge was in
its infancy, the price-earnings
ratio Of the Dow Jones average
was 8.4-to-1. At the peak of
the average In late 1861, 1t
was 23.4. At the low in mid
1862, it was 1875.
The key point Is that price
earnings ratios vary tremon-
dously from stock to stock. A
high ratio may simply reflect
investors enthusiasm for a
stock on the basis Of its growth
prospects and future earn
ings. A low ratio may reflect
investors worry about an in
duStry's future. Electronic
stocks illustrate the first ratio,
tobacco stocks the second.
2. A yield represents what a
company is paying in annual
cash dividends on its stock as
a percentage Of the stocks
price. Since the return inves-
tors can earn on a stock rea-
sonably influences the decision
of many to buy it, the import
ance of yield also is generally
acknowledged.
How low is today'S average
Evening star., 1963-09-29
By SYLVIA PORTER

yield of 1923 per cent on the
Dow Jones 80 industrial stocks?
It's low, but that does not
mean it's too low and won't
go lower.
At the end of 1858, the yield
on the Dow Jones average was
almost 524 per cent. At the
1861 market peak, 1t was 3
per cent. At the mid-1962 price
low, it was 4 per cent.
Once more, the key point
is that yields vary tremen-
dously from stock to stock.
A very low yield simply may
reflect the fact that q COM
pany is putting most Of its
earnings into its own future
business and buyers Of its stock
are betting on that future.
A high yield may reflect the
fact that while o company
continues paying good divi-
dends, investors question its
future. Electronic and tobacco
stocks again illustrate both ex-
tremeS.
The moral Is fundamental.
You cannot invest successfully
on the basis Of yardsticks or
averages or clicheS. This stock
market Is extraordinarily Sc
lective and professional. You
must be too.
Distributed, 1853, by the Han Syndicate,
Inc. All rights reserved)
Evening star., 1963-09-29
BituminOus Production

BituminOus Production ir
the week ended September 81
totaled $3.50, 900 tons compared
with 9,905,000 In the preNou,
week and S,875,000 in the like
week o year ago.-Nationa
Coal Association.
Intercity Truck Tonnage II
"a metropolitan areas over tn,
Nation In the week ended Sep.
tember 2l was down OF PEI
cent from the previous weel
and down Ia per cent from
the like week o year ago.
Amer. Trucking Assn.
Crude Petroleum Stocks, do.
mestio and foreign, on Sep.
tember 81 totaled 254,295, ,00(
tons, up 1851 900 for the week
Bureau Of Mines.
Western Electric Corp. re.
ceived q $7,916,969 Army con-
tract for guidance sections fol
Nike Hercules missiles. The
work will be done at the com.
pany's Greensboro. N. c. plant
Glen Alden Corp. stock.
holders approved purchase Of q
80 per cent stock interest ir
Lerner Stores Corp. The Lernel
acquisition will be made from
Met Crory Corp. subject to stock.
holder approval.
E. w. Bliss Co. announced
1t will expand its heavy equip
ment plant at Salem, Ohio. TIL,
Evening star., 1963-09-29
Years Gains Listed
By District Photo

District Photo, Inc. had net
income Of $S0,539 or 81 cents
q share in the fiscal year ended
June 80, compared with $685. ,31s
or 25.5 cents o share In the
preceding year, President Mel
win 8. Cohen said In his annual
report to stockholders yester-
day.
Net sales amounted to $2,-
832,073, compared with $2,243,-
199 in the preceding period.
Directors have declared an
initial semiannual dividend Of
S cents q share, payable
october IS to stockholders of
record october /.
Evening star., 1963-09-29
19640fficers
Nominated at
NASD Meeting
By Dow Jones

Robert W. Hack, partner
in the securities firm Of Rob-
ert W. Baird b Co, Inc. MIL
waukee. Il slated to head the
National Association Of secur-
titles Dealers In 1864.
Mr.. Hack as chairman o1
the board Of governors will
guide NASD through what
could be its most eventful year
since 1t was established In 1885
to regulate the over-the-coun-
ter securities market under SEC
supervision. The SECS special
stock market study In reports
filed with Congress in recent
months recommended q major
overhaul Of NASD operations
and improvements In its price
quotations systems surveillance
Of members and other activi-
ties.
NASD governors, meeting at
Pebble Beach, Calf, disclosed
q first step to meet the Fed
eral criticism-A revision OF
membership fees. The hoard
also nominated officers fol
1854. Nomination Ia tanta-
mount to election.
The board also nominated
Wallace n. Fulton for re-elec-
ton aS executive director. Mr.
Fulton, SO, has announced he'll
retire April /.
The SEC study, In recon-
mending o bigger and stronger
NASD staff. has said the new
man should be given the title
Of president.
Evening star., 1963-09-29
BY CHARLES YARBROUGH
0tAs Aviataon Writer

Area traffic being what II is,
the only way q man with three
or four Jobs can make It to
any Of them the Same day Is
by air.
Fortunately. Samuel St. Clair
has found this out in time to
do something about II.
Mr.. 80. Clair, president Of
the Campbell Sand Co., Inc,
Of Bowie, and College Park,
Nd, owner Of three Maryland
farmA Q breeder Of polled
Hereford cattle and o director
IN several Maryland cattle
breeding associations, has Just
bought q heliccpter.
He paid something over 422,-
900 for It, but at least he won't
have 10 pay Q pilot. At 47, he'll
be getting his license within
the next two weeks.
II have long been convinced"
he said, that the helicopter Is
the only vehicle 10 Get me from
Evening star., 1963-09-29

II don't think anyone can
appreciate the United States
until he's flown over 1t at hell
copter speeds" Mr.. st. Clair
said. I've driven it and flown
over 1t in jets, but there's
nothing like flying over it low
and slow.
He's convinced, he quipped,
that the weatherman must
have it fixed for Las Vegas. All
the winds blow into Las Vegas.
Then he turns on the head
wind so you'll stay there"
He's building a hangar for
the helicopter on his 20O-acre
farm at Kemptown, Md. For
a landing pad, there's always a
five-acre front yard at home.
In the five-day, cross-coun-
try flight, Mr.. st. Clair picked
up over 35 hours flying time.
With his flying machine, he
plans on picking UP a lot more
precious time saved from the
750 miles q week he normally
drives.
Evening star., 1963-09-29
Sharp Gains Reported
By Central Choroe

Central Charge Service had
record net income Of $780,
or Sc cents q share in the
fiscal year ended August 81
compared with $314,349 or 4t
cents q share In the preceding
year. President ]. P. Stede-
houder announced yesterday ir
o report to stockholders.
The al per cent Jump ir
Gfter-tax profits ran ahead oi
o IL per cent increase In sales
Record sales Of $29, ,433,55C
compared with $25,823,120 ir
the preceding year and 1887.
583 In the 1851 fiscal period
Income before taxes amount.
ed to $Sl4,l75, compared with
$679,349 In the previous yeal
and $605, ,564 in 1861.
Mr.. Stakeholder said thu
annual report will be ready fol
distribution upon completion
Of Q year-end audit. The pre-
lminary report was ISSUED
along with announcement Of {
dividend Of five cents o share
payable September 80 to holder
~ ,.aann.d GnnnkaK,nhn. IN
Evening star., 1963-09-29
Reports Commended

Financial World magazine has
honored five Washington area
firms for their 1862 annual re-
ports. Government Employees
Life Insurance Co. was first
among life insurance compan-
les. National Airlines. C-E-I-R
and Government Employees In
Surance were third In their
claSsifications. Virginia Electric
and Power Co. was secon
among large power companies
Evening star., 1963-09-29
Mcdonnell to Open
Silver Sprinq Office

Mcdonnell q Co., member
of the New York Stock Elk.
change, will open Q silver
Spring office at 901 Silver
Spring avenue tomorrow.
Edward M. Becker and Rich
ard L. Bruce, former partners
Of Rouse, Brewer, Becker &
Bryant, will be In charge. They
formerly operated a Silver
Spring office for the Rouse
firm.
Mcdonnell & Co. has q
downtown office. With head
quarters in New York, it also
has offices In Chicago, Boston
Los Angeles, Detroit. Newark,
San Francisco and other cities
Evening star., 1963-09-29

More than $5.3 million was
appropriated by directors of
the Chesapeake & Potomac
Telephone Co. for expansion
and improvements In the Ma
tional Capital at a board
meeting Thursday.
A new inter- office cable route
from Congress Heights to Alex
andria, Va, o new central
office equipment at 926 Gal
latin street. NV. and smaller
projects will be provided by
the additional outlay.
Net income for IL months
ended August 81 was $8,527, ,00C
vs.. $685. 900 in the preceding
IL months. Net for August wa,
$723 900 VS.. $720, 900 in August
last year.
Evening star., 1963-09-29
Anniversary Scheduled

The McDonald'S hamburger
restaurant chain will celebrate
the second anniversary Of its
entry into the Washington area
on October 10. The chain has
served more than l.e million
hamburgers in this erea since
then, officials said.
Evening star., 1963-09-29
New Herndon Bank
To Onen in October

The newly chartered Republic
Bank and Trust Co. Of Hern-
don, Va. will open in tenn.
porary quarters at Eden street
and Alabama drive In October
pending construction Of per-
manent offices, President Ken
meth r. Reid announced yes
terday.
Initial capital will include
1880 shares Of $40 par value
stock which were offered OF
$50 q share to provide total
capital funds Of $525, 900. The
new bank Is affiliated with the
banking group Of Financial
General Corp
Evening star., 1963-09-29
BY DONALD b. HADLEY
star financial HditcR

Directors Of Clarendon declared a common
stock dividend Of $685. per cent amounting shares
for each three held. President Thomas sebren ID
announced yesterday
The additional shares will be distributed to stockholders
Of record Of yesterday They will increase the common
Evening star., 1963-09-29
Larger Quarters
For Potomac Federal

Expanded quarters for Po.
tomac Federal Savings anc
Loan Association have beer
completed and will be open fol
business tomorrow In the new
Farragut Building at 904 Seven.
teenth street, NV.
Teh association expects tc
continue its rapid growth ir
the attractive offices, said
Robert H. Jones, vice president
Former offices were at 73C
Fourteenth street, NV.
William E. Shannon Is presi.
dent Of the association anC
Frank ]. Luchs Is executive
vice president.
Evening star., 1963-09-29

~ AOOO0A - OA yCoVOA way
stock account from $1,000 tG
81 million. The $40 par value
Of the stock will remain un-
changed.
Mr.. Sebrell also announced
plans to replace the $500,00C
Of capital notes now outstand-
ing with 81 million Of 4% pea
cent capital notes due Novem-
Der I. 1878. These will be Of
fered to all common stockhold-
erS Of record ON September 80
on the basis Of 500 principal
amount for each five shares OF
common stock.
The capital notes will be con-
vertible into new common stock
at $50 q share through Octo-
Der 81. 1868. and at $50 a share
through October 81, 1878. They
will not be callable before No
vember /. 1868.
Mr.. Sebrell said the banks
assets reached q new high OF
$37.7 million on September S ir
contrast to 1892 million or
June 30. In jane. 1858, the TO-
tai was $18.3 million. This con.
tinuous growth necesSitates ad.
ditional capital for the insti-
tuition, he declared.
Clarendon Trust has five Of
fees In Arlington and is a
member Of the banking group
controlled by Financial Gen.
eral Corn,
Evening star., 1963-09-29
New Buses Financed
By Woshinqton Bank

The Bank Of Commerce has
arranged q credit Of more than
$2.o million for the purchase OF
50 new buses by D. C. Transit
System. President John Monk
Of the bank announced yester-
day.
The new air conditioned
buses from General Motors
Evening star., 1963-09-29
Clarendon Trust Announces
66 Per Cent Stock Dividend

James T. Coakley, People.
Life; Matthew L. Dolce, Aca.
cia Mutual; James L. Thomp.
son and Benjamin p. Brown
Protective Life; and Sam p
0aglio, National Association ot
Life Underwriters.
Evening star., 1963-09-29
The car that looks down its nose at the calendar

For example, the completely new four
speed automatic transmission designed and
built by Daimler-Benz. It is the most
advanced automatic transmission ever con-
ceived.
In the II models from sports roadster
to the stately 300 sedan, from 1894 to
$4,000, there is a Mercedes Benz for you
Step up to Mercedes today.
Evening star., 1963-09-29

Mercedes Benz Is not really snobbish car.
But 1t does have disdain for some things
like time, and the built-in obsolescence Of
most automobiles with their annual style
changes.
With Mercedes-Benz you may discard
calendars, fins and hemlines-but the
functional excellence Of taste Is always in
style and demand by the discriminating.
A Mercedes-Benz Is an engineering mas
terpiece and has been for rs years IN over
$50 countries. 1t Is never changed for the
sake Of the calendar, but only when a real
contribution to continuing Mercedes Benz
excellence can be made.
Evening star., 1963-09-29

Corp. will have Q capacity OF
81 passengers each. Deliveries
have been scheduled for No
vember. The Washington bank
arranged the entire financing.
Evening star., 1963-09-29
C&P Appropriotes
S5.3 Million More

of record 6eptAmber 10.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-05-10

GARDEN. TYPE APT; noMLs
from the Capitol overlooking
8uitland pkwy, oxon Run PARK
picnic Gfounda and new golf
course open TO public, ! and 2
bedroom apts,, from SIS Detached
phsre, Beautifully Handicapped, quiet
friendly neighborhood In suburban
setting Three exposures In every
apt, large rooms, ample closets
porch eonv. for dining, tleeplng
and living. Rear stairs 10 spacious
feneed-in lawns for safe play.
plumbing IN kitchen for washing
Inaehines. outside driviig, irdiyld.
ual storaee lockers, BUILDING Wired
for air eonditloners. short walk 10
two t-fare bus lines, shopping
center. school and theater. Off.
street parking. Good HOPE Hills u
vest 81 Mayer I'd IN Vicinity Of
a0th 81. sc. Rental office OPS
daily between 10 am and $500
pm, 1900 30th a., Ie LU, 1890.
wAvERLY TAYLOR, INC.
The Phoenix Jewish news., 1963-11-15

ciate.
this week with her sister. The
Lou Manns were delighted to
spend time again with DR..
Abram Sachar whom they
have known for many years.
Almost 1000 paintings were
entered in the State Fair and
one of the 300 chosen was a
watercolor by our Arizona ar
tist, Tillie Mendelowitz. Rabbi
Hillel Friedman's father was
Rabbi of the Maplewood Con-
gregation attended by the Leo
Amadas who are now his con-
gregants
The 50th Wedding Anniver-
sary of Mr.. and Mrs. Harry
Glance at Temple Beth Israel
was very meaningful and we
were moved when they again
recited their wedding vows.
Rose Cowen of Phoenix has the
distinction of having attended
their wedding in Minneapolis.
The City of Hope Membership
Party was a hit with a large
attendance and a new expert
ence in wine and cheese tast-
ing.
Was it the understanding
moderator, DR.. Jack Elias. psy-
chologist; was it the mature
minded panelists, Billie Dreies-
zun. Jean Woolford and Mary
Durliner; or was it the honest,
intelligent audience that made
the discussion at the Jewish
Community Center on En-
richment or Endurance" so spe-
cial? More interesting people
and like discussions chaired by
Mrs. Leo Rubinow will con-
tinue every Thursday morn
ing.
Tell-tale signs of Phoenix
growth: The characterization
Center, the Women's Fedora
ton, the many Study Groups
led by our Rabbis with eager
participation by both men and
women have all added to our
status as a metropolis!
ALL ABOUT HIRSH: Hirsh
Kaplan. administrator Of the
Kivel Nursing Home and a de-
dicated Board of Directors can
really be warmed by the re-
suits of their lab0rS. In
1855 when they organized the
Kivel Home their goals were
set to make this home one that
would show deep concern and
offer the best care possible for
our aging community Many
Phoenix residents and a cap
able staff shared this hope and
have worked diligently to
maintain the highest standards
possible. Hirsh prepared
monograph, A Community
Nursing Home. for the u. S.
Dept. of Health which has
brought interested visitors
from Holland, Belgium, Ger
many, Japan and Italy to take
back first-hand impressions to
their own countries. The U. S.
Health Dept. has also sent peo-
pie from throughout our coun-
try to see our Kivel Home. On
Nov. %, the Board of Directors
and Candlelight Ball Charm
men, Mrs. Harry A. Raskin and
Mrs. Esther Wild. invite you to
join them at the Arizona-Bilt-
more to dine and dance with
pride and pleasure in the work
of Kivel.