davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26
BAD WEATHER
IS PREDICTED
AS YULE NEARS

According to the magazine
Printers Ink, Christmas
shoppers better make the
necessary arrangements for
Santa Claus a little earlier
than usual.
Much of the country is
headed for colder, wetter
weather than usual for the
two weeks Immediately pre-
ceding Christmas, the mag
azine warns in its current
issue.
The prediction was pre-
pared by L. E. Brosche,
Dearborn (Mich.), meteor
ologist, and the magazine
warns that his forecasts
have proved remarkably &C
curate over the last three
years.
"If heavy rains or SHOWS
don't post obstacles for YuIe
shoppers, plunging ther-
mometerS may" Mr.. Bro
Sche reported. Predictions
are for colder than normal
in many metropolitan areas,
including, New York, Wash
ington, Boston, Atlanta, Dali
las and Chicago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26
Investment Bankers
Oppose Interest Tax

The Investment Bankers As
ISOLATION has sent to each men,
Der of Congress a memorandum
supporting it's opposition to
enactment of the proposed In
terest Equalization Tax Act of
1868, H.R. 5000.
The nine-point memorandum
was prepared jointly by AmyaS
AmeS Of Kidder, Peabody &
Co., IBA president, and Andrew
N. overly, First Boston Corp,
chairman of the IBA foreign IN
vestment committee.
The memorandum charges
that uncertainty engendered by
threat of a retroactive tax has
imposed not merely a limitation
but an actual embargo on sale
of new foreign securities in the
United States.
It contends that the method
used to determine the balance
of payments tends to exagger-
ate the seriousness of the Uni
ted States position. It warns the
proposed tax will adversely af-
feet the balance of payments in
the long run, is not addressed to
fundamental causes of the i'm
balance and is a new protective
tariff inconsistent with previous
United States policy.
1t declares the tax could seri-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26
Southern Reports
Ten-Month Net
Climbs to S3.53

Southern Railway Co. earned
9 cents less per share in October
this year, but its profits for the
first 10 months climbed over
1862 levels, the railroad re-
ported.
Net income for October was
1881 900, or Sc cents a share,
compared with $4,555, 600, or IS
cents share, in the like Elonth
last year.
The decline, the railroad said,
was due mainly to differences
in accounting for depreciation.
In 1862, the accounting results
of new depreciation guidelineS
and the investment credit were
figured only in the last Two
months Of the year. This year,
however, those results have
been spread throughout the year.
For the January october pc
riod, net income came to
$25, 914,OOO this year, up from
SIS, 325, 900 in 1862. On a per-
share basis, earnings for the
10 months rose to 1888 from
last years S3.44.
Southern received $26,O17, 900
in gross operating revenues in
October, compared with SIS, 49,
900 in 1862. Net revenue from
railway operations stood at
SO, go, 900 for the 10 months, up
from 1882, 600.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26
"Whot vos tot stock you mentioned the other dcy?"

stocks, with increasing emphasis in recent
years on growth stocks, even some of rather
speculative nature. Not all his purchases
have been successful mot by any means -
as he has been candid enough to admit. But
the important point is that Smith can afford
to take stable risks in the hope of making
some attractive gains - and he has done
that, too-while Jones, of course, can't
afford to take any risks at all.
The moral is obvious Prudent investing
depends on individual circumstances. What's
sauce for the goose isn't sauce for the gander.
Not in the stock market anyway.
IF you would like to know what our Re-
search Department might think about your
situation = what you might prudently buy
you have only to write us letter setting
forth the essential facts about your circum-
stances and your detectives. We promise
you thoughtful detailed, individual reply,
including specific suggestions = without
charge of any kind.
Just write to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26

to raise cash to buy new Jaguar. He's got
$500 left over, and he wants to make a
killing in the market" in order to ease the
pinch of club dues, college tuition for his
daughter, and boarding school bills for
Jones, Jr. He asked us what to buy, and we
told him he shouldn't buy anything. Just put
his money in the savings bank.
HehaSnt bothered to ask us for lip since.
Now consider the circumstances of the
man to whom the question was addressed.
Smith is the head of small but very profit
able wholesale drug house, a business he
inherited from his father ten years ago. Since
then he hasn't had worry in the world Not
about finances anyway. His three kids are all
through school and even his youngest, Linda,
has a good job as teacher in our local
high school. His home is all paid for, and
his scale of living is considerably more
modest than JoneSS.
Over the years, he has taken the profits
from his drug business and used them to
build a solid, well-balanced portfolio of
Trx,acF,1oarf Ino,,;r;ec Donarfnenf
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26
BY MARTHA COLE
Associated Press Staff Writer

Christmas trees will sparkle
in American homes in record
numbers this year.
All signs point to a new pro
duction highs million trees
cut and sold. To them will be
added about ten million Canadi-
an imports. Americans will pay
an estimated 500 million for
the trees-alSo a record.
Last year Americans paid $50
million for some 1873 million
trees produced in the United
States.
There's no significant In
crease in price this year." A,
NJ. Sowder, the Christmas tree
expert in the United States For
est Service, said in an inter
view.
For the fathers across the
land who take the children in
hand and go down to the corner
lot to buy the family's Christ
mas tree, there are 80 different
species for choosing.
Last year the favorite choice
was Scotch pine, replac Gin 6
Douglas fir which topped the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26
Financial Rules
Booklet Revised

The r evils e d and expanded
edition Of the Comparative Regu-
lations Of Financial Institutions
has been completed and now is
available at the office Of the
House Banking and Currency
Committee, it was announced
today.
1t replaces a preliminary edi-
ton issued last September 20.
Its purpose is to bring together
in one volume, for the first
time, all principal requirements
and limitations impose by
law-both Federal and State
on various types of financial in
Stitutions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26

they enjoyed from three to 10
years ago. This does not mean
that they viii not 60 on advanc-
ing, but their industrial produc-
ton may not now advance any
more quickly than that Of the
United States did after about
1851, and than Britain's did aft
er about 1856.
British Price UnduIy Low
The markets to look out for
may be those where prices have
been too much depressed by
political fears. In Italy the pos
Sibility Of another center-left
government, to which business
interests are hostile, has tempo
rarily unsettled the bourse and
led to a flight of capital, but the
scope for further advance is
there, and the capital seems
likely to come back in time.
France, is another country
where politico-economic fe ars
may have been overdone.
In a country where industrial
production has been rising this
year, British stock market pric-
es may still be unduly low. If
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26
By DONALD B. HADLEY
Star Financial Editor

Reliable Stores Corp, which
operates nine furniture and sew
en- jewelry stores under various
names in this area, yesterday
reported sharp gains in both
sales and earnings.
Net income for three months
ended October 81 jumped to
$30l, 1853 after taxes, a gain of
1872 per cent from $235, O84 in
the same 1862 period. 1t was
equal to 81 cents a share com
pared with 40 cents a year ear
lier.
The three months net sales of
SASS, 482 were up 8.8 per cent
from $6,851, 072 in the same Pc
riod last year.
Net income for nine months
ended October 81 aggregated
$668,664 after taxes, a jump of
40 per cent from $479, 1859. 1t was
equal to $1.14 a share VS.. 80
cents a share a year earlier.
Nine m ont s. sales Of
$2O,697, SIS were 7.6 per cent
higher than 9,221 $50 in the
same 1862 period.
Earnings before Federal in.
come taxes totaled $628, 058 in
three months VS.. $489, 759 year
ago. Nine months net before
taxes was 1888, O49 VS.. 1898, 269
In addition to the Washington
area units, the company has Siz
furniture and IA jewelry stores
in the B altimore area anc
stores in Virginia, Connecticut
Kentucky, Texas and New Mex
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26
Delta Shows Record
October Earnings

Delta Air Lines has a record
net income Of $1,196, 900 or AZ
cents a share in October in con-
trast to a previous October high
of STE, 900 or 80 cents share in
1862.
C. E. WoOlman, president and
general manager, said operat-
ing revenues of 1887, 900 also
set a new record for October
and were 9 per cent ahead of
SIS, 400, 900 in the same month
last year.
Net for four months ended Oc-
tober 81, cumulative period for
the fiscal year, amounted to
A,549,OO or $1.78 a share VS..
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26
By ALAN PARKER
STAFF Writer for The Economfst

Kicking themselves hard,
many American, Canadian and
British investors today nurse
regrets for not having moved
into Continental European
stocks in the mid SOS, in time to
enjoy the European Common
Market boom.
All the more painful are
these regrets for those who
bought, but bought too late-in
196061, when the Continental
European exchanges were at
their heights-heights they show
little sign Of returning to for the
time being. Also past its peak
is that other major economic
miracle country Of the late
1855, Japan, which hit its stock
market high in 1861 and is now
trundling along with stock mar
ket prices some Is to so per
cent lower than then.
Since 1861 the right countries
to invest in have been those
that did not have e on omic
miracles in the late l950S. With
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26

a single exception, Sweden, new
peaks have been established
this year by the leading induces
in the stock markets Of the Am
erican continent and the British
Commonwealth they were set in
South Africa and the United
States in the last month, Aus
tralia In September and Canada
in June. In Latin America, Rio
de Janeiro hit its all-time peak
last February. Mexico City is at
its all-time peak now.
Britain Slower to Move
In this group of countries only
Britain has failed to move quite
with the rest. The leading Brit
iSh stock exchange indicators
have not broken through their
1861 record high levels, al
though they may conceivably
soon get near them. The rea-
sons are not hard to find.
British company profits took
such a beating from Selwyn
Lloyd's restrictive measures in
1861, and from the recession
they brought about, that shares
in leading British companies
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26
mes to Sparkle With 500 Million in Christmas

list in the last previous survey
in 1850.
Scotch pine led with more
than seven million to make up
81 per cent Of the market in
1868. Douglas fir was second
with 20 per cent; Balsam third
with Is per cent; Red or Nor
way pine, ten per cent, and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26

Eastern Red Cedar seven per
cent.
Behind the top five of the
Christmas tree business came
white spruce, black spruce,
white fir, Norway spruce and
the white pines.
Pines hold their needles well,
but some varieties Of Scotch
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26

pines take a yellowish cast in
the months preceding Christ
mas.
Mr.. Sowder told of one grow
er who advertised them as "gol-
den" pines and sold them for
more than the green variety.
Scotch pines grow more
quickly than other Christmas
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26
D. c. Insurance Sales
Ldd in October

Sales of ordinary life insu-
rance in the District of Column
bia amounted to $21, OO7, 900, a
drop of 4 per cent from Octo-
Der, 1861, the Life Insurance
Agency Management asSocia-
ton announced today.
Sales in the first 10 months of
this year totaled $213, 9l8, 900, an
increase of 8 per cent from a
year earlier.
Maryland sales in o ctob Ell
were "a per cent above a year
ago and in 10 months showed a
gain Of Is per cent. Virginia
sales for October were up Is
per cent and for 10 months were
II per cent higher.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26

ing as an arbiter in separated
and individual conflicts, must
make his d decisions broad
enough to govern such conflicts
in general. This emphasizes the
regulators role as a legislator,
as well as a judge.
As an agency of Government,
the commission must seek to
have its policies conform to the
Igener a | functions of Govern
ment as a whole. That means
the agency is to act in partner
ship with, not in isolation from,
other policy-makerS.
And, when problems involving
a supervised industry are not
brought to an agency by a spe-
cific case, the regulator must
move on his own to see that
there is a policy to deal with
such problems.
Regulatory Activism
These are the elements of re-
gulatory "activism," the ap-
proacheS that have made bust
ness grow ever more worried
about Federal Intervention"
And, whatever way the White
House theory of G governing
should begin to change, these
are the regulatory ideas that
will prevail, at least for some
time.
They will prevail mainly be-
cause the members of the regu-
latory a 6 ZEN lie S are not the
Presidents own ministers. They
need not, even as a matter of
courtesy, offer to resign when
the Presidency changes.
Named by a President who
thought they would make policy
that he could approve, they |
need not-in fact, many feel |
they should not-change to suit |
their understanding Of what a
new President would want.
In time, President johnson, or
another President if a different !
man is chosen to take office in
1865, will be able to people the
agencies with his own. Then,
the New Frontier may have to
begin to yield. !
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26

trees and usually can be mar
keted six years after planting.
About so per cent of the
Christmas trees still come from
wild lands; 40 per cent from
pl INT e d plantations. But Mr..
Sowder expects this ratio to be
closer to $3.50 soon.
The Agriculture Department
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26

encourages tire e planting for
many reasons like conservation
and use of marginal lands.
Almost gone are the good old
days when families bundled up
and went out to the fields or up
the mountainside to cut their
Christmas tree.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26
New Frontier Style
In ReguIatingU Units
NotSoontoChanue
BY LYLE DENNISTON
Star pusfuaSR Wrstar

part of Government now most distinctly New Frontier in
style and habhe approach to Federal regulation of business
won't be altered
The regulatory agencies which can do much to and for
private business through their broad and specific powers
supervise, don't change easily.
Even there effort by President johnson to keep
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26

Sc, 1890 or $2.46 a share a
year earlier. Earnings in the
four months a year earlier were
by a Gripping strike for
a principal competitor.
Delta serves the N a tiona
Capital and has many stock
holders in this area.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26

bAAAAlSS uuCl as lIA6y are, the
handful of key regulatory CON-
missions would be all but i'm
mune to change.
In membership and in senti-
ment, the commissions can ig-
more change stimulated by a
new President for months, per-
haps longer.
No Quick Change
Thus, for now and for a future
that may run beyond the inau-
gural of 1865, almost all of these
agencies will remain distinctly
the province of Kennedy men
and New Frontier ideas.
The exception to this tends to
prove it. After three years,
there is still a major agency
that doesn't look and act like a
part of the Kennedy adminiStra-
ton. It is the Interstate Com
merce Commission.
Indeed, that agency-the one
who's e membership President
Kennedy had the least chance
to change-0penly resisted his
most significant attempt to alter
regulatory policy. That was his
plan, still not in effect, to re-
duce Federal control Of rail
freight rates. 1t was a proposal
he almost always talked about
when trying to prove he was not
anti-busineSS.
To a degree that sometimes
embarrassed Mr.. Kennedy, the
other soc allie d Independent |
commissions have been quite |
independent. But, in general, |
they follow a theory of regula-
ton that he seemed to demand
as a candidate and to support |
as a President.
That theory has these main .
points:
There is something like a ba-
sic antagoniSm between regulat-
ed industry and its customers,
and the role of the regulator is
to keep this conflict in control. |
That differs from business
even regulated business view
Of itself as the dependent SER
want of its customers.
The regulator, even when act
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26
Reliable Stores Earnings Show
40 Per Cent Jump in Nine Months

ously damage the United States
capital market and foreign econ
omies, would create fears of
further restrictions, would be
and would be
and difficult to adj
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26
YOUR MONEYS
WORTH

Due to the death of her
mother, Sylvia Porter is not
writing her column, Your
Moneys Worth, this week.
It is expected to reappear
on Monday, December 2.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-26

Investment Inquiries Department
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-30

he arrived In Germany when be
and Chancellor Adenauer agreed
that the idea of a nuclear force
Of mixed-manned vessels should
be postponed. Both countries
want it, but in Britain and Italy
the scheme finds few supporters.
The whole idea of shuffling
sailors from different nations into
a mixed bag aboard NATO ships
centuries up horrendouS images to
the British. CartooniStS jibe at it
with pictures of missiles accident
ally fired at Moscow.
Their reaction echoes the Duke
of Wellington'S famed remark in
1909 when q scruffy shipload Of
reinforcements reached him dur
ing the Peninsular campaign
against Napoleon.
81 don't know what effect these
men will have on the enemy" he
growled, but, by God, they
brighten me-"
The outgrowth of a Kennedy
Macmillan pact reached in Nassau
last December, the miltilateral
nuclear force-or MLF-would in
clude IS merchant ships armed
with 200 Polaris missiles. Several
NATO countries have baked at
the cost, but uneasy politics in
England and Italy actually have
brought the scheme to q halt.
France has opposed it from the
start, Pumping instead for her
own atomic striking force)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-30
Red China:
WiderR Rift?

The makings of new policy
lines toward China and the West
appeared the real meaning Of
Nikita Khrushchev's visit to
East Berlin last week. As top
Communist leaders flOcked to
the scene, China disclosed Mos
COW had demanded recall Of five
Chinese officials, a move with
out precedent.
At first 1t showed all the ear
marks Of a propaganda stunt to
outshine the Kennedy tour. There
was, for example, the timing-a
visit by the Soviet Premier only
two days after the Americans de-
parture from Berlin.
So quick was the announce
ment that 1t caught Moscow Off
Gals by surprise. Some telephoned
Western news agencies and asked,
red-faced, II they had any more
details.
The occasion also looked syn
thetic, an observance of the 10th
birthday OF communism's East
German party hack, Walter Ul-
BRIGHT.
But Mr.. Khrushchev puzzled OBJ
servers by making only a brief,
mild reference to the Kennedy
tour, then devoted most Of a
speech on the scene to praise Of
East Germany's progress.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-30

"There has been an almost COM
plete disintegration Of French
divisions in NATO, further
STRENGTHENING the unconscious
unilateral disarmament OF the
west In Europe"
Those are the bitter words Of
John F. Kennedy. They were
written more than five years ago
in an article urging peace In
Algeria.
Last week, in much the same
critical vein, the President ut
tered these words:
Hundreds Of thousands OF our
soldiers serve with yours on this
continent. Those who would
doubt our pledge or deny this
indivisibility - those who would
separate Europe from America or
split one ally from another -
would only give aid and comfort
TO the men who make themselves
our adverssries and welcome any
Western disarray."
Although the speech was before
a throng Of Germans in Frank
furt, there was little doubt the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-30
The Scandal

BY q strange chain Of events,
a 21-year-old call girl, Christine
Keeler, threatens the idea most
in England. Because Of her noto-
rious affair with John Profumo.
former British Secretary Of State
for War, the Macmillan admins
tration is tottering, and indeed
his entire Tory party seems
headed for defeat in the next
election. And his probable sue
cessor does not look kindly on
nuclear weapons as a chief
deterrent,
Harold Wilson, now Labor
Party leader and heir apparent
to the Prime Minister'S chair, is
on record against MILF. although
he endorses NATO. An advocate
of conventional weapons. like his
party, he warned earlier this year
that II he were leading the ma
ton he would "renegotiate" the
Nassau agreement to downgrade
nuclear emphasis.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-30
Hot Line

Russia also has ended tanning
Voice OF America broadcasts,
agreed TO a Moscow-Washington
"hot line" and made concessions
in an international agreement over
atomic power stations.
All this does not endear the
Muscovites TO China, which con-
tinues the old anti-western-im-
perialist line.
Picking dropped an announce
ment like a bombshell into the
midst OF Mr. Khrushchev's care
full preparations yesterday. In a
bulletin distributed by Peking's
New China News Agency. II said
Russia had demanded recall Of
three members Of the Chinese en-
bassy staff from Moscow and two
others elsewhere in Russia.
The five we're accused by Soviets
OF distributing a Chinese Com
munist party letter Of June IA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-30
Main Goal

If the Presidents main goal
was to reassure Western Germany
= where he spent the longest
segment of his To-day triple
succeeded beyond expectation. The
Soviet reaction, always a clue, was
immediate and sharp.
Premier Khrushchev, arriving
in East Berlin Friday, publicly
agreed with Walter Ulbricht, his
local puppet leader. that Mr.. Ken
nedy had only come to stir up
trouble between East and West
Germans.
The Communists also put pres
sure on its trained seals In Italy
to demonstrate against the con-
sentative new Premier Leone.
Hundreds Of obedient rallies early
last week by the party's faithful
had an obvious purpose: En-
barraSs the Premier as he awaited
tomorrow's meeting with Presi-
dent Kennedy In Rome.