davidaulloa/AmericanStories huggingface dataset:
The Farmville herald. (Farmville, Va.) 1957-current, 1963-05-17
James c. Price
Buried Thursday

CHARLOTTE c. H.. May l6-
A funeral service for James
Cleveland Price. 80. who died
on Tuesday, was held at 2 pm.
Thursday, May Is, at 2 pm. at
Concord Baptist Church, wit h
burial there.
Surviving are his wife, Mrs.
Virginia St. John Price; four
sons, Kyle, William, John and
James c. Price, Jr., of Char
lotte Court House, and a daugh-
ter, Mrs. Henry Doss. Of Nor
Ira, N. c.
The Farmville herald. (Farmville, Va.) 1957-current, 1963-05-17

absence Of wheat marketing quo
as. The supply Of wheat for the
1864 IS marketing year, with
out quotas, has been estimated
TO be 1855 million bushels ~
more than double the estimated
domestic disappearance and ex-
ports.
Marketing quotas have been in
fleet continuously for the past
en- wheat crops, as approved by
MOVERS voting in referendum
held annually on the question.
The Farmville herald. (Farmville, Va.) 1957-current, 1963-05-17
Student Center
Con ;inued from page II


overall planning Of this Student
Center and others throughout
the State. The Rev. Dr.. w. Otis
McClung, of Farmville, has serv-
ed as chairman of the Student
Center committee for the board.
Completion of the project will
be the result Of a program be-
sun in 1859 to further religious
work on the campuses of non
Baptist colleges in Virginia.
The present Baptist Student
Center is located on High Street
next to the Hotel Weyanoke.
They occupy the first floor and
the Methodist Student Center is
The Farmville herald. (Farmville, Va.) 1957-current, 1963-05-17
Personal Mention

Mr.. ard Mrs. John Dabney, of
Richmond, were guests of her
mother, Mrs S. l.. Ragland, dur
ing the week end.
Mrs. S. c. Glass has returned
after visiting her mother, Mrs.
Frank Johnson, and Mr.. John
son, in Dillon, S. C.
Hugh Westbrook left on Mon
day to stay with Dr.. Franklin
Turner in Portsmouth for ap-
proXimately a week.
The Farmville herald. (Farmville, Va.) 1957-current, 1963-05-17
Town Council
Continued from page ID

NSOlltlIueu llOlu page ~
Mayor William F.. Watkins, Jr.,
pointed out that there are not suf-
flclent funds in the current bud
get for this project, but the
cot In c ! unanimously recon-
mended to tire budget committee
that It be studied for inclusion
in the budget for the rext fiscal
Year which starts July l.
One Yes. One No
Council granted permission for
the Commission Of Game a n d
Inland Fisheries to locate a cen
trail dispatching radio unit in
Farmvllle at fire dispatcher Of
flee in the fire house. This will
be on II months trial basis to
determine if the FarmvilIe dis
patchers can handle the JOB
without interference with their
normal tasks.
The Game Commission is eS-
tabllshing a new radio network
that Will enable game Wardens
to speak to one another directly
without the need of central
dispatcher. However, they are
placing central radio facilities in
strategic locations across the
state. one of which will Be
Farnvllle.
CreWe'S town manager queried
council on the possibility of US
ing the same local government
radio frequency for CreWe as
Farmville now has. Council felt
that another town on the same
frequency would interfere with
the efficient operation of the
radio units for Farnville. SO the
request was deried. Bloomfield
pointed oltt that contact will BE
maintained with CreWe through
the regular police network.
Train Speeds
Two representatives from the
Norfolk and Western Railway
appeared before council to dis
cuss the proposed speed limit on
trains coming through Farm
vile They pointed out that 4
low speed could cause trains 70
stall Oh the grade outside of
town, and they requested that
council not consider speed
limit of less than 40 mph. Coun-
Gil postponed any action on the
matter pending further study.
Mrs. Grace c. Gordon said
S h e had heard several com
plants about the mcompleted
buildings on High street between
Nam and North streets. Council
felt that this was an urneces-
sary a n d possibly hazardous
condition and asked the town
manager to take action to cor
rect the situation.
Town NJ ana en- Bloomfield
said in response to an inquiry
from Councilman j E. Har-
wood, that work would tar t
this week on fixing Robson
street. This street. that leads in
to the Farmyille Shopping Cen
ter, is in poor condition an
needs considerable repairs.
Council received with thanks
a letter Of thanks from Carl
Wagner, former resident, W h 0
highly praised the town and its
police department for its excel
lerce in the municipal field.
The Farmville herald. (Farmville, Va.) 1957-current, 1963-05-17
Mrs. Wood, 81, Hopes TO Keep Her
Good H;'mor "When She Gr0ws Old"


Nif- ard Mrs. George Wood Of
Salem and MIS- W. j. Beasley,
0t FarmYillc. Because Of illness,
Julian Dunkum alone among the
FANNY vas unable 10 attend
AS has become customary
With them. Mr.. and Mrs O. o.
Thompson spent Mothers Day
In Tvnch5ura At a family pet-tg-
ae.her. They had dinner at he
Al Wilson'S with Mrs Luther
walden ana Mrs. Ralph Hayes
as Joint h5slesses Besides he
children in the families other
guests we're Mr and Mrs. Az
thur DAVIS.
Alr and Mrs w. B Barker Of
Petersburg We're recent callers
III the thompson nome
NliS' Alafgaret Faifaf q = 9
inward i'o3eI'Soh spent sunday
@l'H ielatiFes III Lyilchoui2'
.lS,S "i9Q tlSit9u IltA pfoL!'tF'
" "lNei i,oo'i tSoh' WHO hNes
~ d hS Il, ii""i 3 anu VINO 10
~ ,.s LIZ ~. a % d",.a ii, 100
ror. tho u1,le IN - I,o,,, -,
ovo H. I'll fa,.n, n.,,;Ia NJ 49,.
o,ts 1r, ond No. 1Ia,.,,l,t ~
areo,, ,,.an+ - nond,.or for -,
o,.-,,.,i,h, ,.ie;t u,;+h no paiI.,,[1r
fan,,t,.
,,olI ,,.a,a Il oio,,,,, ~ c,,,,a1,.
IA se, mon. ann 1r,s ,Ta1coI,,,
paneop u,bn c,ifioall, N i,
-, l,oc,5+s1 thara vn,,Ia =, tnn
I'M tbav also csllnI III NJ,
Caho- ChannalI
M. ona ~ ro,,;s chisno,,,,
and tboi,, chi1d,.on enon4 cat,,.
Fiji HUM uIth N, and NIL
r4a,,,,an And orson c,n,[,,7
o,o,.nil,o h,.,,ab, mr., AZ NJ.
E,nn,ntt n1ccrau ond tho;r ch,1.
dran h. ri. IN aar1,, Nfatha,.s
nav o,,aetiro rhnv uo,o ON
thrjr way Il Bnctinoban n La.
nm MIS- z G McCraw ana
than ~ u c,.o.+oas q s,,o,a .ho
The Farmville herald. (Farmville, Va.) 1957-current, 1963-05-17
AMBER S0NVHIE NJ

ANDENs0NNIl-IE MAY 10
When 9et oil I hope 1 Won't
become disasreeable as some
people do With advancing a..
The comment made BY Mrs. A.
c. Wood. Brought laughter from
her children. Thei mother hal
Weatbercd Tie storms oi life. m
GLIDING the upbringine Of 10 chill
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-18

break Of May 20. 1962-black
Monday-Some seemed to con-
tribute to the pounding down
Of prices" the report said.
Another segment of the re-
port dealt with the asserted
need for greater reliability in
stock quotations sheets pub
lished by the National Quota
ton Bureau, Inc, on prices of
over-the-counter issues. These
are stocks which are not listed
on any organized stock ex-
change. Greater supervisory
control by the SEC was rec
commended.
The report points out that
National Association of Securi-
ties Dealers sponsored retail
quotations published in the
newspapers are a primary
source of information for a
public customer, other than
direct inquiries to a broker
dealer, concerning the markets
for over-the-counter securities.
These quotations do not repre-
sent prices at which transac-
tons have actually been ef-
fected, as in the case of ex-
change quotations, nor do they
represent specific dealer in
terests in doing business as
DO wholesale quotations.
Growth Is Cited
The study also reports that
one of the most striking de-
velopments in the securities
markets in recent years has
been the growth of a market
away from the floor of the
stock exchange for securities
trader on the exchanges.
The study finds that under
existing circumstances the third
market has been, on balance,
beneficial to investors and the
public interest. The STUDY
concludes, however, that the
acute lack of data concerning
this market must be corrected
If the market is to be fully
understood.
Some brokers called some
Of the recommendations ridicu-
lous. Leo Stern, a senior part
ner in Newburger, Loeb & Co.,
said the report surely isn't
friendly"
But others seemed relieved
that the report, despite its
criticisms, had been released
and expressed confidence that
the market soon would shake
off its effects.
The report has been hang
ing over our heads like a sword
Of Damocles," one said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-18
Rule Shift Seen
Not Applicable

MONTREAL (AP). - Eric
Russell, secretary of the Mon
treal and Canadian stock ex-
changes, says he does not feel
the changes in stock exchange
operations recommended by
the United States Securities
and Exchange Commission in
vestigators are applicable in
Canada.
Mr.. Russell said trading by
stock exchange members in
Montreal on their own &C.
counts has had a Stabilizing
effect on the market by closing
the spread of market quota
tons.
He said the situation is hard
to compare because there are
no specialists" in Canada,
members of the exchange ap-
pointed to stabilize the market
in the trading of specified
stocks.
1.-THE degree Of trading
among members is not nearly
as large a portion of total
trading on our exchanges as in
New York" he said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-18
SEC Report Rebutta| Due
Suburban Banks Show
Fast Climb in Deposits
BY DONALD b. HADLEY
Star Financial Editor

Deposits Of the Washington areas SO banks and trust
cor panes reached al-time high Of than $28
banks showing larger gains than District institutions.
The suburban institutions for the first time turned in
total OF than 81 billion just about double five years
and than triple years ago. the last year. the SO
suburban banks added AN ose If deposs while the
tricts IL banks added $138 million.
Area deposits aggregated $28421S9 on June 90 date
OF the recent bank calls gain of IL cent from 426
10 this year.
The also was up AZ per cent from
S94Os on June 49, 1885, and SO cent above
on June 80, 1853
Soar 20 Pct. in Maryland
Nineteen banks of suburban Maryland sections had $685.
542O52 on June 49, gain of per $463
year earlier and also well on March 49,
24l,775 respectively.
Nineteen banks of suburban Virginia listed deposits of
$454 557Ss7 on June 49, gain 1876 per cent from $780,
s6656 year earlier and ahead of March is
this year Their corresponding June totals for 1858 1858
were $253.66l 597 and $153469,676 respectively.
AS reported previously the IL District banks had record
deposits of 1882 944 June 49, with an increase of 81
per cent from $l69ss765l2 earlier and moderately
aneao OF March 49, District totals years
ana ~ years earlier were $53473349 and 81 2l274819
Leading Gains Listed
Leading dollar gains from among suburban
banks included $268 million for Suburban Trust 1853 million
at American National $1O3 million Citizens of Mary
land; $113 million at First Citizens of Alexandria Is million
at Old Dominion Bank sos million at Arlington Trust and
1872 million at First National of Southern Maryland
Maryland National Bank had gain Of 400 per cent in
deposits OF its branch offices in Montgomery
Georges Counties
First National Of Maryland also Statewide institution
had an increase of 1872 cent offices in the two
counties.
Many of the largest percentage gains were among the
smaller and newer institutions incudng National of
Maryland, 554 cent First National of Vienna 1873 per
cent Metropolitan National Of Wheaton, 22O cent Fairfax
County National, 43S per cent.
No figures available First National Of
Hlandae and Southern Maryland Bank Co., both
Of which opened less than a year ago.
Suburban bank totals for June 20 given below
corresponding figures for June 80 last and March 10
this year:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-18
CAB Unit Permits
Northwest to
Quit Friendship
BY the Associated Press

One arm of the Civil Aero
nautics Board has recommended
that Northwest Airlines, Inc,
be authorized to eliminate Bal
timore's Friendship Airport
from its operating certificate.
The recommendation came
from the boards Bureau Of
Economic Regulation and was
disclosed by Harry Feehan, bu-
reau counsel, at a hearing on
Northwest's application to pull
out of Friendship Airport on a
permanent basis.
The board permitted the air.
line to discontinue the service
temporarily earlier this year.
On the other side of the
question, Charles P. Crane,
chairman of the airport board
of the City of Baltimore. testi-
fled Northwest's service is
essential to adequate air service
for Maryland.
He said elimination Of North
west from Friendship would
leave Baltimore without COM
petitive trunk line service to
and from the neighboring in
dustrial area represented by
Pittsburgh. Cleveland and De-
troit. and to points beyond
Detroit on Northwest's system.
At the same time, Mr.. Crane
acknowledged that development
Of Baltimore air traffic received
q temporary setback last year
with the opening Of Dulles In
ternational Airport at Chantilly,
Va. and the transfer to that
airport Of a number OF Jet
flights from Friendship.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-18
PLANTS STAYING
IN NEW ENGLAND
CITE FUN FACTOR

BOSTON (AP).-Why en-
gage in manufacturing in
New England If perhaps you
could make a bigger profit
somewhere else? The Federal
Reserve Bank Of New Eng
land, surveying SO regional
furniture manufacturers, dis
covered that most Of them
are staying in this region for
a variety Of reasons-includ-
ing more fun,
Nearly all the manufac-
turers said they plan to re-
main in New England, and
among the reasons most fire.
uuently cited were good rec
reation facilities. good edu-
cation, good cultural and
social environment-and the
availability of skilled labor.
1T seems clear" the bank
commented in It's monthly
business review, that so
long as these firms can OPP
crate profitably, personal
considerations for remaining
in the region continue to be
more important than a the
oretical maximum profit"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-18

A Southern Railway Spokes-
man says the company Is hir-
ing unskilled men as firemen
because mo skills are required"
for the job.
A union official, charging
that some of the men can barely
read or write and are other
wise unqualified, said the mat
ter will be taken to court.
A Federal district judge in
Washington ruled on June 90
that Southern must employ men
for firemen's positions. The
railroad has appealed and a
spokesman said yesterday the
company believes it has no need
for firemen on freight and yard
engines. But he added:
ITO comply with the courts
order, we hired some firemen.
The firemen have no duties
at all to perform. Therefore no
skills are required"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-18
UnskiIIed Men Hired
For 'DutyIess' Jobs

He added: I'm the circum-
stances, it seemed reasonable
to us to employ unskilled peo-
pie as they are having a hard
time finding Jobs"
A. M. Lampley, vice president
in charge of national legisla-
tive matters for the Brother
hood of Locomotive Firemen
and Enginemen told a news
man:
This is the biggest sham
that 1 know of in railroad la
Dor history. Our attorneys are
working on this situation now
and it will be only a matter of
days before we take action"
Mr.. Lampley charged that in
stead of hiring qualified fire
men the Southern Railway is
picking up "colored, retired
people up to the age of 80"
to work on locomotive crews.
He said he knew of specific
instances where this had hap
pened in Alexandria, Va, and
in South Carolina.
Mr.. Lampley said that the
new men were being taken on
with no physical examination,
ordinarily required of new men,
and with no test of their
knowledge of the railroads book
of rules.
In addition, Mr.. Lampley said,
the new men are not being
paid union scale wages. He
said the brotherhood has re-
moved all restrictions as 10 race
In union membership and would
accept the new men on Its
membership roles.
The Southern Railway is not
involved directly in the cur
rent work rules dispute be-
tween most Of the Nations
major rail carriers and five OPP
Grating unions - a dispute
which threatens a Nationwide
rail strike.
Southern withdrew some
months ago from the negotia-
tons over application OF new
work rules which could mean
the elimination of upwards Of
10000 railway Jobs. mostly
firemen.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-18
Three Stores
Hold Options
Al Landmark

Three department store firms
hold options to construct
branch stores in the planned
Landmark Regional Shopping
Center at Duke street and Shir-
ley highway, Alexandria.
According to preliminary site
plans submitted to the Alex
andria Planning Department,
the firms are the Hecht Com
pany, Woodward & Lothrop
and Sears, Roebuck and Com
pany. The Hecht Company pre-
viously announced its plan to
locate store in the new shop
ping center.
Harry N. Hirshberg, jr., vice
president and general manager
of the Hecht Company, who is
a spokesman for the developer
Landmark Corporation, declined
to discuss the plans until final
papers are signed.
If completed as presently
planned, the center would be
the largest in Northern Vir-
GINA and the only shopping
center with three major de-
partment stores in the Metro
politan Washington area.
Omer Hirst, Landmark vice
president, previously said the
center would cover about So
acres, would have parking space
for 1000 cars and would have
about $4,000 square feet Of
floor space. The number Of
stores, other than the three de-
partment stores, was unde-
ternined.
The center is planned in con-
junction with a 1900 unit
high-rise apartment develop
ment on Is acres nearby on
Duke street.
The project has been under
consideration at the site, a for.
mer gravel pit, since 1857. Tit
cost of the center was estimated
at $l2 million and the thret
high-rise apartment buildings
at a total of $13 million.
The center is planned Il
serve an area with a population
of $4,000, ranging from North
ern Virginia to Woodbridge
The Seven Corners Shopping
Center, the largest in Northern
Virginia at present, covers 3;
acres and has about 100000
square feet of floor space in it,
48 business establishments, 9
spokesman said. 1t was opened
in 1856.
The preliminary site plan fol
the Landmark center is SEIZED.
uled to be considered by the
Planning Commission August 6
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-18
Kuy's New Store

Kay's Mems Shop announces
the opening Of a new store at
1920 Fifteenth street NV, be-
tween the Executive Building
and the Investment Building
at Fifteenth and K. The new
store is managed by o. B. At
kinson.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-18

change Commission investiga-
tors yesterday.
Amid outcrys Of dismay from
some brokers, q. Keith Funs-
ton, president of the New York
Stock Exchange, held his peace.
So did Edwin D. Etherington.
president of the American
Stock Exchange.
They said time was required
to digest the 2,100-page INSTALL
ment of SEC inquiry findings,
sequel to a milder report last
April.
However, Mr.. Eth e n ington
promised to voice his opinions
of "ill-advised" comments in
the report.
Practices Assailed
The SEC special study COM
mittee assailed several time
honored stock market practices,
mostly concerned with the mar
ket's inside workings rather
than activities directly touch
ing the public.
1t called for new curbS on
short selling, floor traders and
stock specialists, tighter super
vision of trading in unlisted
securities in the over-the-coun-
ter market and an improved
system for handling odd-lot
(small volume) transactions.
To the financial community's
relief, there was no blanket
demand for segregating the
broker and dealer functions of
many Wall Street firms.
One section of the report
urged elimination of floor
traders by January 2, 1865. It
said these traders, who buy
and sell for their own account,
enjoy unfair advantages over
others.
OF 1856 New York Stock
Exchange members, a small
minority indulge in much floor
trading-quick turnover deals.
Fifteen of them account for
one half the volume in this
category.
The SEC said they are I'M
burdened by the need to pay
commissions and favored by
knowledge not yet public.
notwithstanding men,
bers assigned to manage trad
ing in specific stocks and to
steady tendencies toward
abrupt price fluctuation, num-
Der 360 on the New York Stock
Exchange.
All exchange transactions
are funneled through them,
however. SEC investigators
said their activities were in
adequately policed.
BY selling stocks In the sharp
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-18
Sperry-Rund Gets
Duul-MissiLe Contract

CAPE CANAvERAL, Fla.
lAP.- The Air Force has
awarded a contract for cleo
tronic gear which would permit
Two missiles to be launched
simultaneously from the Cape.
The $850,000 contract went
to Sperry-Piedmon Co., Char
lottesville, Va. a division of
Sperry-Rand Corp. It calls for
systems design and equipment
installation in a three-story
addition to the range control
center.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-18
Restaurant Firm Markets Shares

Eddie Leonard Restaurants,
Inc, announced yesterday 1t
had received clearance from
the Securities and Exchange
Commission for a public offer
ing Of 100000 common shares
at 50 a share.
The stock will be sold by
officers, directors and employees
and no special compensation or
commissions will be paid by
the company. Proceeds of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-18

statement to newspapers today
without comment. Company
officials also declined to COM
ment.
Arthur w. Sloan, vice chair
man of the ARC board, owns
1875 per cent Of the common
stock of Edsall Development
Corp, which collects a total of
$225 900 a year Of rentals and
option charges from ARC, the
statement said. He also holds
$37, 500 of the 8 per cent notes
of Edsall.
Franklin C. Salisbury, a d.
rector and three non-director
officers each own less than 5
per cent Of the Edsall stock
and notes and the remaining
stocks and notes of Edsall are
owned by around 95 persons,
substantially all of whom are
ARC employees but are not Off
GERS or directors, the company
reported.
Details Outlined
Edsall leased a multi-story
laboratory and offices building
to ARC for an annual rental
of $195, 900 and also pays taxes
and insurance costs which
totaled around $4,000 in 1862.
Edsall has granted an option
to ARC to buy the land and
building prior to December 81,
1867, for a price Of 50 million.
A footnote in the proxy
statement said the 8.197 acres
of unimproved land was pur-
chased by Edsall from Indian
Run Corp, in which ARC
officers and directors also have
a major interest, for $4,000 in
1861. Under the option agree
ment ARC pays Edsall an
annual maintenance charge OF
$4,000 as long as the option
remains unexercised.
ARC also has entered into a
lease with Edsall for rental OF
38 acres Of land adjacent to
the buildings which Edsall
leases to the company, the
statement added. This provides
for an annual rental on a grad
uated scale Of $4,000 until
1865, $4,000 from then to
1870, and $4,000 from 1910 to
expiration of the lease in 1875
The lease also provides for
annual tax and insurance costs
approximating $500 and pay
ment Of $4,000 to Edsall az
compensation for ARCS use Of
| the land in 1851 and 1852. The
lease also incorporates an op'
ton for ARC to buy the lane
prior to August 8, 1865, fol
100000.
! Another portion Of ARC:
principal office and laboratory
buildings in Alexandria, Va.
is leased from Eastern Associ-
ates, Inc, which is owned by
Commonwealth Capital, Inc.
The proxy statement says
that Gerald T. Halpin, an ARC
vice president, owns 1874 per
cent of the common stock of
Commwealth Capital. while
DR.. Sloan owns IL per cent and
Arch C. Scurlock, board chair
man, owns 1913 per cent. Mr.
Salisbury, ARC secretary, has
less than 5 per cent. OF the
remaining 81 stockholders, 81
are employees Of ARC, six are
former employees and 10 have
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-18

100000 will be used for ex-
pansion.
The offering circular says
there is no public market for
the stock and its offering price,
which has no relationship to
assets or company earnings,
has been determined arbitrar-
lily by the directors.
Bernard l.. Simon is presi-
dent and a director Of the
company, which has its prin-
cipal office and supply house
at 1907 Ninth street, NV.