davidaulloa/AmericanStories huggingface dataset:
Evening star., 1963-04-10

900 or $40 a share VS.. $l62, ,7O5
or s.04 a share in the 1862 Pc
riod.
Southland Royalty in year
ended December 81 earned So
7l6,0l2 Or $4.37 q share VS..
$3,927,78S or $4.57 a share in
1861.
Crescent Petroleum In year
ended December 81 earned So
l72,08s or s.S7 a share VS.. So
O27,i55 or $.7S a share in 1861.
Beech Aircraft Corp. in six
months ended March 81 earned
$l,l60,429 or $.4l a share VS.
81 ,363,6l6 or $40 a share in
the like 1862 period.
Other earnings included:
For Quarter Ended March u w
Hanna tNAD Co ,., 1,61s.6l5 3,1S1 10
For u Week, Ending March s u ""
LIsen, Steel Co %. S75.Hs i.J,9,1A
Tor Year Ended March u V"
MSL Industries 1000 lls0,ooo sosoo
Per share ,,,nt, lol os
Evening star., 1963-04-10

since 1855 the number OF
private research and develop
ment firms has doubled. In
fact, the bureau says, the
Washington area now has a
higher percentage of engineers,
scientists and professional per-
sonnel than any other section
Of the country.
The bureau is one Of the op-
Grating committees Of the
Board Of Trade and includes In
its membership representatives
Of private companies, Federal
agencies and Washington area
colleges and universities.
1t was organized in January
1851, to gather and disseminate
recruitment information; in
crease the effectiveness Of pri-
vate research and development;
improve private and Federal
relationships, and expand edu-
cational facilities.
Science Capitol Role
The 2O-page illustrated bro
chure notes that Washington
is fast becoming the science
capital as we'll as the Ma
tion's Capital, with 800 sci
entific and chronological or
Evening star., 1963-04-10
500 Labor Delegates
Of GIN, Ford to Meet

DETROIT CAP. - The
United Auto workers union
said some 500 delegates of its
General Motors and Ford Ma
tional Councils will meet in
Detroit this month.
The General Motors Council,
representing about $4,000
workers in GIN plants, will
meet April 1926. The Ford
Council, representing $4,000
workers, will meet April 30 and
May /.
Walter Reuther. president of
the JAW, will speak to the GIN
conference April 26 and the
Ford conference April 80.
Subject matter was not an
pounced. However, the meet
ings are scheduled after the
first Of the unions preliminary
conferences with the auto COM
panies leading to 1864 contract
negotiations and reports prob
ably will be made by union Of
ficials to the councils.
Evening star., 1963-04-10
BY CHARLES COVELL
star staff Writer

The Science Bureau OF the
Metropolitan Washingto n
Board of Trade touched off a
major effort yesterday to at
tract more scientists and engi-
neers to the Nations Capital.
The campaign began with
publication Of a brochure out
lining the advantages Of the
Washington area as a place to
live, work and play. 1t will be
made available to private re-
search and development firms
and Federal agencies to supple
ment their recruitment efforts
Cites Advantages
First copies Of the brochure
were distributed at a press con-
ference at which bureau men,
bers pointed out that:
O The Washington area has
less difficulty in attracting
scientists than 1t does engi-
neers. The latter seem to pre-
fer scientific or archaeological
centers like Los Angeles, Den
yer or Boston.
Q The major problem seem;
to a popular misconceptior
that Washington is all govern
ment, ignoring the fact that
Evening star., 1963-04-10
Cooke Industries Promotes

jess F. Lancaster has been appointed
vice president Of Cooke Industries. Inc,
in charge Of production. The firm,
subsidiary of Cooke Engineering Co. OF
Alexandria, previously was known as
Capital capacitor Co. before its acquisi-
ton this year. Mr.. Lancaster has been
with the parent company five years in
planning and installation work.
Evening star., 1963-04-10
AniIine Lists
Profits Rise

NEW YORK ODD. - First
quarter earnings Of General
Aniline a. Film Corp. rose to
$2,25S,000. equal to $2.83 a
share, compared with $685.
900 or $2.57 a share in 1862,
DR.. Jesse Werner. president,
told the annual meeting yes
terday.
Sales rose to $45,l24,OO0 from
$44,7l7,ooo in 1852.
DR.. Werner said the record
results in the first quarter oc-
Cured despite the effect on
exports by the longshoremen's
strike and the newspaper
strikes in New York and Cleve-
land.
Andrew F. Oehmann, .execu-
tive assistant to the United
States Attorney General, told
the meeting that it may take
some months before the Gov
ernmen begains receiving bids
for the 90 per cent Of General
Aniline stock the Government
holds.
General Aniline's stock was
vested by the Government at
the outbreak of World War II
on charges that General AMI
line was a German-controlled
asset.
The way was cleared recently
for the Government to dispose
Of the stock to American citi-
zens when the United States
Attorney General reached an
agreement with Interhandel, a
Swiss holding company which
has claimed it is the rightful
owner Of most of the govern
ment-held stock.
Evening star., 1963-04-10
FACTORING INCREASES
Business Demanding
And Gets More Credit

collecting bills from wholsaleri
and retailers will be harder IL
1868 than in 1862.
Some manufacturers now arr
offering to deduct 5 per CEN
for payment within 10 days
and 4 per cent If paid in II
days. But In some industrie.
companies are demanding anC
getting as long as four to fivt
months to pay. Ten years agt
the standard terms were 81
days.
Boom In Factoring
Businessmen are stepping ur
their credit extensions from
other traditional sources. Banl
loans have increased in the last
decade, along with genera,
business activity. And a boom
IN factoring IN q number OF In
dustries is reported.
Factors estimate total vol
ume last year came to IS bill
lion, up $400 million from 1861
and a so per cent Jump from
the So billion Of 10 years ago
The factor buys his clients
accounts receivable. paying the
manufacturer cash when the
goods are shipped and assum-
ing full credit responsibility for
collecting from the customer
at a fee.
The consumer, or buyers,
market has added to tn e
growth Of business credit, ac-
cording to Walter M. Kelly,
president Of Commercial Fac
tors Corp. To meet the COM
petition, Mr.. Kelly says, the
manufacturer must find q fl
nancing plan that lets him
"offer the right product to the
right customers in the right
quantity at the right price and
at the right. time"
If the economy starts to
move ahead faster, as hoped,
both Mr.. Popma and Mr.. Kelly
see need for a new approach
to trade credit, taking some OF
the burden recently shouldered
by manufacturers.
other factoring firms make
the same pitch: Manufacturers
are becoming too involved in
credit and it's time to turn
more to the pros. But mean
while, Prentice-Hall publishing
firm advises, businessmen
should make fullest possible
use Of trade payment terms"
Evening star., 1963-04-10
YOU GET ALL THIS

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which will be sent 10 you every week
for the next 4 weeks, you viii receive
such Important Investment guidance
IS Ihe stock Services Digest.
pi 10 other leadlng Investment serv-
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Sommsntary 80 Model Growth stock
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Group Studies Of 81 S''ifu indusiris; L snd1 S1
~ Stocks l7l Industry surveys:
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Master List Of Investment and spec,, .
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Issues Here Is an opporfunitv ~
make use OF the many aids offered
py one OF Americas most Widely read
Investment Services, (This offer omen
70 new trial subscriptions only j
MAIL COUPON Below
Evening star., 1963-04-10
Weapons Systems Aides Named

Jerry A. Orr and Richard w. Parker,
jr., have been appointed by Research
Analysis Corp. Of Bethesda to its weap-
ons systems division. Mr.. Orr, a
mechanical engineer with a master Of
engineering degree from California In
stitute of Technology. previously was
senior research engineer in the univers-
ity's jes propulsion laboratory. He was
Evening star., 1963-04-10
BY SAM DAWSON
Associated Press Business Writer


NEW YORK (AP). Busi.
nessmen as we'll as consumer
are demanding and getting
more credit.
Manufacturers are carrying
their customers longer and th'
percentage Of slow-pay &C
counts is rising. Wholesaler
report the same trend. Addinl
in the extension Of credit tt
business by banks, the total Il
estimated at more than SLOT
billion.
Manufacturers investment ir
accounts receivable is put al
just under $50 billion. Com.
mercial bank loans were esti.
mated at $42 billion last year
by the Federal Reserve Board
Wholesalers books carry al
least $40 billion more. The
total has doubled in the last
10 years.
Past due accounts on manu-
facturers' books are put at 1877
per cent of the total extensions
by the Credit Research Founda-
ton, compared with l7.2 per
cent a year ago. Today's per-
centage is the highest since the
foundation began keeping rec
ords in 1857.
Many corporations are sweet
ening their discount offers for
prompter payment.
Longer Terms
But as many or more corpo-
rations are extending, willingly
or not, longer terms to custo-
mers. In the keen competition
of recent months, businessmen
have been able to shop around
and demand that suppliers as
sumo the credit burden that is
involved in carrying inven-
tories.
Gerrit j. Popma, president of
Textile Banking Co., a factor
ing firm, says. Today many
industrial firms don't know
whether they're in the manu-
featuring or sales finance busi-
ness"
The foundation reports that
half Of the business executives
it has questioned believe that
Evening star., 1963-04-10
Of People 90.
Ford Names Aide Here

C. W. Ramsay has been appointed
manager Of the Ford Motor Company's
Washington district office. He succeeds
D. o. Virgins, who has been promoted
to manager Of the company's Chicago
district sales office. Mr.. Ramsay, who
Joined Ford in ls47, was most recently
manager Of the Richmond, Va, office,
a post he assumed in January, 1861.
Evening star., 1963-04-10

vision, North American Aviation from
1855 to 1859. Mr.. Parker is an aero
nautical engineer with a master OF
science degree from Purdue. He pre-
viollsly was an areosystems engineer
with General Dynamics Corp. He also
holds the rank of lieutenant commander
in the Naval Reserve. RAG is an inde-
pendent, non-profit organization doing
research on military and political prob
lens.
Evening star., 1963-04-10
BUSINESS BRIEFS

Business and Commercial
failures in the week ended
April 9 totaled $50, compared
with 329 the previous week
and 356 for the like 1862
PETROLEUM a. Bradstreet, Inc
Electricity Production for the
week ended April o was l6,4l8,-
100000 kilowatt hours, COM
pared TO l6,425.000,000 the
previous week and 1850, !.
100000 for the like 1862 period
Associated Press.
American ViscOse Corp. an.
nounced II will not immedi.
stely liquidate following sale
0f it. assets TO FMC Corp. The
firm said II may invest anc
feinvest its funds until an.
other plan is developed, bu,
II does not intend TO continue
as an investment company.
Evening star., 1963-04-10
Management Group to Meet

Joseph c. zengerle jr director Of supply and main
tenance in the office of the Assistant Secretary Of the
Army will speak to the National Capital Chapter of the
Armed Forces Management Association at dinner meet
ing Monday at the National Press Club. He will discuss
the Challenge of Innovation panel discussion will
follow
Evening star., 1963-04-10
Earnings

Scott Paper In quarter ended
February 28 earned $8,243,8S2
or S.3l q share VS.. $7.i55,s56
Or $.27 q share in the 1867
period.
Times-Mirror Co. in quartsl
ended March 81 earned $l,752,.
Evening star., 1963-04-10
and Events
Investment PuneI Scheduled

panel discussion will be sponsored by the Wash
ngton Area Council of the National Association Of Invest
ment Clubs at 1880 pm Tuesday in the Washington Gas
Light Co. auditorium HOO street NV. 1t will deal with
methods used by two different groups in selecting
industry and company within that industry for invest
ment. Stuart Bass will be the moderator.
Evening star., 1963-04-10
ODD-LOT TRADING

NEW YORK (APl.-Th, New York
stock Exchange reported TODAY these
odd lot transactions BY principal deal.
ers for April q. Purchases OF 386,GS4
shares. Sales Of 4i2,4l2 shares in.
cluding A"Ol shares sold short.
Evening star., 1963-04-10
VoIkswuqen Aide Chosen

Chester T. Reed has been appointed assistant
roer for Capitol Car Distributors Ltd volkswagen dis
tributors Of six-State native Washingtonian
he formerly office manager and accountant for Man.
haitian Auto Lee D. Butler Inc and most recently for
Grady Motors Corp.
Evening star., 1963-04-10
Association TO Hear GoIdwuter

Senator Goldwater, Republican Of Arizona will ad-
dress luncheon meeting Of the Washington representa-
tes Of the National Security Industrial Association
noon tomorrow in the Mayflower Hotel.
Evening star., 1963-04-10
INTRODUCTORY
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Evening star., 1963-04-10
UNDERPRICED STOCKS Key
TO MARKET FORTUNES?
Dow analysts uncover 5 issues that could
bring sizubIe profits in next market upsurge

striking II rich" in the market Is
often attributed 10 INSIDE tins" or
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Ths real pros, who consistently pick
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or signals that indicate an outStand-
lng opportunity. one such condition
occurs when the stock IA underpriced
selling well below the price merited
BY present earnings, sales trends and
Immediate future otitlook
Evening star., 1963-04-10
DOW POINTS To 3 REMARKABLE
OPPORTUNITIES


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sales and earnings have been steadily
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interests should be extremely helpful
70 THIS aggressive company whose
,ales have been up etery year for
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Evening star., 1963-04-10
MUTUAL FUNDS QUOTATIONS.

NEW YORK (AP)
- National AssOcia-
tion Securities Deal.
erS, Inc.
The Republican. [volume] (Oakland, Md.) 1877-current, 1963-06-20
Delivery Of $500
Phone Books Is Set

More than $500 copies of the
1863 telephone directory will be
distributed to Garrett County tele-
phone subscribers next week.
According to R. X. Dayton, man.
agcr of the Chesapeake and Potomac
Telephone Company of Maryland
at Cumberland, delivery is sched-
uled to begin June % and to end
July 3.
There are more than 1890 list
ings in the new book, compared
with some 1900 in last years
The information pages in front
of the directory have been com
plctely revised for faster and cas-
Ter reference The new formal in
cludCs four pages of area code in
formation complete with an area
code map for convenience in plac-
ing long distance calls.
The cover of the new directory
depicts the Federal Social Security
Building which is located just out
side of Baltimore.
The Republican. [volume] (Oakland, Md.) 1877-current, 1963-06-20
Wrestling Show Set
Tonight At Northern

Plans have been completed for
the all-star wrestling show this
evening. June 20, in Northern High
school gymnasium at Accident.
Four matches are to be featured.
The show is being sponsored by
the Northern High school Booster
Athletic club The first event be-
gins at $50
The main event, slated for two
Of three falls with an hour time
limit, is tag-team match with
Kangeroos Al Costello and Roy
Heffernan opposing Vittorio Apol-
10 and Tim Woods.
In midget tag team match also
an hour and two of three falls
Little Beaver and Pancho Lopez
meet Sky Lo 10 and Fuzzy Cupid
a one-fall Commute bout has Pedro
Morales against Gordo Chihuahua
while for one fail to a finish Wold
Red Berry grdpples with Gene
Britto
All matches arc under the super.
vision of the Maryland State Ath.
letic commission.
The Republican. [volume] (Oakland, Md.) 1877-current, 1963-06-20
Historical Society
Dinner june 9th, to
Be Well Attended

Reservations for the annual din
ner meeting of the Garrett County
Historical society are beginning to
be received at the Ruth Enlow Ii
brary and there were indications
that the affair would be well at
tended
The meeting will be at the Mt
Lake hotel, beginning at $50 p.
m. on Thursday evening, June q.
Historically the place of holding
the meeting is one of the oldest
hotels in existence in this area
which has continued to remain
open throughout the summer sea-
son for many years. For several
years the hotel has been under
the management of Mrs June
Grimes and Mrs Lillian Davis.
Principal speaker will be Mrs.
J. NJ p Wright, of Annapolis who
also has a summer home on Deep
Creek Lake Her hubject will be
Historic Annapolis, It's Meaning
and Value to Maryland" She will
be introduced by Caleb Winslow
of Baltimore and summer resident
of Deep Creek Lake. Mrs. Wright
and MIR. Winslow have been men,
bers of the Garrett County His
torical society for a number of
years.
Harry c. Edwards, president for
the past year, will preside at the
meeting. Among items of business
will be the annual report of the
secretary and the treasurer and
election of new officers for the
year.
Present officers in addition to
Mr. Edwards, are w. Dwight
Slower, first vIcc-prcsidcnt; Mrs.
Edward p Kahl, second vice-presi-
dent; Mrs. w. w. Grant, secretary;
Miss Edith Brock, assistant secre-
tary; f. Herbert Shaffer, treasurer
On the board of directors are
Lowell LOomis, Paul B. Naylor,
Dennis Rasche, w. d. Casteel, Mrs.
Lewis R. Jones, Mrs. Vernie R.
Smouse, J. j. Walker and George
K. Littman
The Republican. [volume] (Oakland, Md.) 1877-current, 1963-06-20
Withdraw Appeal;
Pay $500 in Fines

Richard and Franklin Fernando
after court litigation of several
months, returned to Trial Magis-
trate Robert M Maroney's office
on last Friday and paid 5000 and
costs. which had been levied back
in November.
The pair was arrested last Sep
TENDER on a charge of possession
of liquor. They were released on
bond. At a trial November 20 they
pleaded not guilty but Trial Magis-
trate Maroney found them guilty
and fined them 5000 and costs, one
fine for both individuals In de-
fault of payment a sentence of
80 days in Jail was passed.
The pair filed an appeal and on
February IS the papers were sent
to the court house, for apparent
trial at the March term of Court.
They were not tried. On June IA
the cases was remanded back to
the trial magistrate where they
paid their fine and costs. 500 of
the fine will be turned over to
the bar library, Magistrate Ma
roney stated
The Republican. [volume] (Oakland, Md.) 1877-current, 1963-06-20
Local Students Will
Attend Boys State

Four high school boys will rep
resent the Grantsvillc, Accident
and Fricndsville areas at the 1863
session of Maryland Boys State, il
was announced by Carl E. Miller
post commander of Grantsvillc Post
PA. American Legion.
Named TO participate in this con
ference on organization and opera
ton of state and local governments
are James Braskcy, son of Mr.. and
Mrs. John j. Braskcy, Grantsvillc;
Samuel Epstein, son of Mrs Fern
Epstein, Grantsviilc: Henry Beach
ley, son of Mr.. and Mrs. Ralph
Beachley, Fricndsville; and Gary
McClintock. son of Mr. and Mrs.
Everett McClintock, Accident. All
are 18th grade students Of North
ern High school, Accident.
Attending from Southern High
will be Harold Mosser and Robert
Earhart. Mosser is a son of MI
and Mrs Chester Mosser, while
Earhart is son Of the Rev. and
Mrs. j. Stanley Earhart.
Proctor KildoW Post No. IL
American Legion, Oakland, is spon-
soring these two boys.
Boys State will be in session
June % to June 20, at the Uni
versity of Maryland campus, Col
lege Park
Various departments of the
American Legion will sponsor 81
of these students this summer
Two will be selected from Mary
land to attend Boys Nation July
1926 in Washington to study or
ganization of the Federal govern
mcnt
During the conference at Col
! lcge Park boys will participate
in the organization of political
parties, conduct campaigns, cleo.
lions and have charge of enact
ment and enforcement of their own
laws. They arc expected to see
the importance Of the role a
good citizen has in discharging his
citizenship responsibilities. Spon-
scring the students from the
northern end of the county are
Grantsville Rotary club, Grants.
Vile Lions club and Friendsville
Rotary club.
The Republican. [volume] (Oakland, Md.) 1877-current, 1963-06-20
SRC Chairman Will
Visit All Counties

The chairman-dircctor of the
State Roads commission, John B.
Funk, announced he would visit
the % counties of the state and
Baltimore city to confer with coun-
ty and municipal officials on high
way needs in each jurisdiction.
The President of the Senate has
agreed that a special legislative
committee be appointed to work
with the Commission in the de-
velopment of the highway Needs
Study and four-year construction
program. The study will be pre-
scented to the 1864 session of the
General Assembly. Along with the
program a four-year program for
construction on the state system,
also will be presented.
The study is to recommend
method of financing four-year con-
struction programs as well as
method of distributing highway
user revenues among the % coun-
ties and 159 municipalities.
The Republican. [volume] (Oakland, Md.) 1877-current, 1963-06-20
No Word On Result
OF Damage Suit

There was no information avail
able this morning on the last two
of the damage cases filed as the
result of the school bus-train ac-
cident at Mt. Lake Park Septem-
Der 10, 1859, which was scheduled
to be retired in the Carroll Coun-
ty circuit court at Westminster
Testimony was started Monday in
the cases of James Allen Hinklc,
II, and Patricia Ann Hinklc, Is,
, both children of Roy Glen Hinkle,
Sr., of Deer Park. Each is seeking
$4,000 damages.
After hearing evidence during
the week of April Is, a Carroll
County jury was unable to come
to any decision.
Fred Thayer III, Oakland at
torney, and Stanford Hoff, of West
minister, are representing the de-
PENDANTS, the B. and o. Railroad.
William Somerville, Cumberland,
is representing Leroy Campbell
the school bus driver.
Representing the Hinkle chill
dren are Jack Turney, Oakland,
and John Fox, Baltimore
Seven children were killed and
eleven injured when the eastbound
Diplomat struck the stalled school
bus at the crossing. Four of the
injured children won awards in
damage suits filed against the two
defendants.
Roy HinkIe, Jr., $4,000; Frances
, Dixon, $4,000 both in Carroll
County, while Mary Jane Lee was
granted $22,5OO and Sandra Patton
$4,000 in cases tried in this coun-
ty Other damage suits were set
tied out of court
The Hinkle children lost a
brother, Richard Hinkle, II, in the
miShap.
The Republican. [volume] (Oakland, Md.) 1877-current, 1963-06-20
Renovating Complete
At Garrett National

Remodeling of the interior OF
the Garrett National Bank in Oak
land has now been completed, it
was announced this week
Places for four offices and re-
ceptionist have been provided to
the right of the entrance plus
some additional secretarial space.
There are private spaces now for
the special representative, R. T.
Thayer, Jr., the loan department
and new accounts.
Also completed is an after-hOurs
loan payment department, to the
left of the entrance. This place
will be open Monday through Fri
day, from to 5 p. m, and on
Saturday, from II o'clock noon to
? o'clock.
The interior also has been re-
painted.