davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18

Opening lead: Ten of clubs.
When West led the 10 of clubs.
Schleifer put up dummy's ace
and tried to run the diamonds
In an effort to discard the losing
club from his hand. This was a
better chance than trying the
club finesse.
AS it happened, East had
only two diamonds. When the
third diamond was led from
dummy, East ruffed with the
deuce of spades.
Schleifer had to over-ruff
and look for another plan. The
best chance was a repetition
OF the first plan, so declarer
led a heart to dummy's ace
and led another diamond from
dummy.
East ruffed again, this time
with the three of spades.
Schleifer Over-ruffed again.
MOnOtOnOus
"This is getting monotonous,"
Schleifer complained. He still
had a losing club and had to
do something about it before
knocking out the ace of trumps.
Since dummy was out of dia-
mOndS there was no way of
diScarding the queen of clubs
from the South hand. But there's
more than one way of killing a
you-now-what.
Schleifer proceeded to lead
high hearts from his hand, dis
carding clubs from the dummy.
When Schleifer led his last
heart, diScarding dummy's last
club, East ruffed. AS it hap
pened, however, East's only
trump was the ace. Schleifer
thus telescoped his trump loser
and his club loser into one
trick, making his vulnerable
slam contract.
We wouldn't want to exagger-
ate Schleifer's knowledge of
cats. Some day Wen have a
bridge hand here to prove what
he knows about horses.
Daily Question
Partner opens with one spade,
and the next player passes. You
hold:
AA32 V843 o62 @K8542
What do you say?
Answer: Bid two spades. This
weak response promises only
about 6 to 10 points, including
distribution, with a dequate
trump support.
CcODyriEht. 1868. Gen. Features corDJ
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18
WORDS, WIT
AND WISDOM
MISS PEACH
MRS. FITZ
THE BERRYS
BY WILLIAM MORRIS

About six years ago the peo-
pie who brew Guinness beer, ale
and stout, published a book that
seemed designed to end bar
room arguments. 1t was called
the Guinness Book Of Superla-
tives and it contained thousands
of facts about the largest, the
highest, the biggest and the
longest of everything literally
under the sun. l suppose the orig
inal idea was that when the
customary discussion about who
was Britain's greatest cricket
batsman reached point where
! fisticuffs threatened, the bar
man or barmaid could reach for
the book and call: "Come off it,
chaps. Here we have the an
swer."
can't testify as to how well
this worked in the pubs, but the
book itself made fascinating
reading and the good news to-
day is that Bantam Books, the
paperback publisher, is bringing
out an American edition with
the title slightly altered to The
Guinness Book of World Records.
It's full of Oddments Of inter-
est to word bluffs. The longest
word in English is duly treated
and the editors come UP with a
variety of answers. If you in
clude personal names, there's a
man who lives in Philadelphia
first name "AdOlph e") who
claims to have SOS letters in his
surname, though he ally
signs himself "Wolfe59O." The
longest place name is the 85-let-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18
SHEINWOLD
ON BRIDGE
Bridge Experts
Know About Cots
By ALFRED SHEINWOLD'

You may wonder what .
bridge expert knows about cats,
but don't jump to conclusions.
Meyer Schleifer, Of Los Angeles,
one Of the greatest bridge
players In the world, viii assure
you that there's more than one
way to kill a cat. What's more
he has a hand to prove his
point.
South dealer.
NOrth-SOuth vulnerable.
NORTH
AK1076
"a
1KQ1O9
&A763
WEST EAST
As AA32
Vs7652 V84S
087543 o62
%109 &KS542
SOUTH
AQJ984
0KQJ1O
oAJ
%QJ
South West North East
a Pass 80 Pass
" Pass Sc Pass
- Pass So Pass
D . Pass &c ALI Pass
Papago Indian news., 1963-07-01


Tribal d
of n with the tionof
0 the
s
veebe with even1n
IS
Of the
On
tor to San Xavier out
July is the
longtime employees and the latter is
and Kenneth
destined
Ramona Garcia asAennke
week
B radio Listeners in the
The out of
hospital
enroled aumerSd the Uners
g or
Elena
Papago Indian news., 1963-07-01

SAN XAVIER, TRIBE, BIA MEN WILL CONFER SOON
WITH STATE HIGHWAY DEPT. ABOUT NOGALES ROAD
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26
CHICAGO
LIVESTOCK

CHICAGO, Feb. 20 (AP) CUsDA).-
Hogs 1000; slow, butchers 230 lbs and
down to mostly so lower: weights over
230 lbs weak to rs lower; sows mostly
steady; shippers took so per cent Of
salable supply; 1-2 19O-225 ID butch
ers l5.OO-l5.25, around 100 head at
1928: mixed l-3 10000 lbs 14.75-
1900; 23O-hO lbs l4.5O-14.75: %
10000 lbs 13.75-14.5O mixed 1-3
100000 ID sows l3.O0-13.75; 40O-50O
lbs I2.5O-i3,OO; 2-3 $3.50 lbs 1900
1850.
Cattle $500; calves none; fairly
active, slaughter steers fully steady,
instances % higher. advance mainly
on average choice and below; heifers,
cows, and bulls steady; two loads
prime ,222-l 1907 ID slaughter steers
5.75: high choice and prime 1,l00-
1850 lbs 250O-25 so; bulk choice
9OO-l,OO lbs 24.00-5.25; comparable
grade ,O0-l $50 lbs 24.O0-25.O; few
good .22.5-3.T5; standard 19.O0-21 90:
choice S50-l ,025 ID SLAUGHTER heifers
23.5O-24 so; good 22.00-23.25; utility
and commercial cows 145-16.5O; can
ners and cutters l2.00-l4.25: shelly
Gamers l.O0-l2 90; utility and COM
mercial bulls ls.OO-2O.0O; package
good and choice 500 ID feeder steers
$780, some $50 ID weights 1880,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26
New Offices Financed
By IS Million Loan

A SIS million mortgage loan
has been. arranged with Con-
necticut General Life Insur-
ance on a new official building
to be constructed on the south
west corner of Connecticut
avenue and N street NV.
The eight-story structure will
have 100000 square feet and
interior parking for lis auto
mobiles. Construction will start
shortly.
Phillips & Fuller, Inc, mort
gage correspondent for the in
surance company, arranged the
financing. The borrower, 1850
Connecticut Avenue Associates
was represented by William l.
Bush, ST., and Bruce L. Schlos-
berg.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26
Initiation to Continue
By DONALD B. HADLEY
Star Financial Editor

Proceedings of the Secur-
tiles and Exchange Commits
sion, against a New York in
vestment advisory letter, the
Dynamics Letter, Inc, points
up a growing problem for in
vestors and the securities in
dustry.
The Commission in its initial
order for hearings in the
case said it will determine
whether Dynamics Letter OPP
Grated as a fraud and deceit"
upon clients and if so, whether
its registration as an invest
ment adviser should be revoked.
In its brief announcing the
proceedings the SEC said that
information developed by its
staff tends to show that since
December. 1859, the New York
firm. its owner, Grant Jeffrey,
and Peter Jeffrey employed
devices. schemes and articles
to defraud clients and
engaged in transactions, prac-
tees and a course of business
which operated as a fraud ano
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26
PrinceG Georges
Sells Bonds

The Prince Georges County
Commissioners today sold a
$12.7 million bond issue at an
average interest rate of 3.0l9
per cent, lowest in four years.
The county will spend $l2
million for school construc-
ton and $75O,OO0 for park land
near the proposed George
Washington Memorial Park
way from the District line to
Fl. Washington.
The bonds were sold to Har-
riman Ripley & Company, of
New York, with Alex. Brown
and Sons, of Baltimore, as the
paying agent. The 3019 bid
was the lowest of six SUBJ
mitted.
They will be redeemed over
a 25-year period at an inter-
est cost Of $5,400,770.
Today's sale increased
Prince Georges Bonded indebt-
edneSs to more than OIL mil
lion, a new record high.
The $12 million school con-
struction money will complete
a building program adopted
three years ago and helI
launch a new SAT millior
schedule Of A school projects
for the next three years.
The winning bid was 100.007E
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26
Food Fair to Open
Falls Church Store

Food Fair Stores, Inc, will
open its second store in Falls
Church tomorrow with civic
officials and club leaders
taking part in a 9 am. ribbon
cutting ceremony at HOO West
Broad street.
1t is the food chains 10Th
store in the State and its 496th
in the company's 10-State area.
The new supermarket has a.
900 square feet of space and
will offer more than 5000 food
and household products in 10
departments.
Among those taking part will
be Mayor Charles M. HALEY.
City Manager Lewis 2. Johnston,
jr., Mrs. George H. Ragland,
president Of the Women's Club
Of Falls Church, and Mrs. Ed
ward Bumgardner, president of
the Junior Women's Club of
Falls Church. Thomas Quinn is
store manager.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26
SECCharges Securities Advisory Letter Deceived Investors

nature of Dynamics' business. T"
Among these misrepreSenta-
tons. the SEC said, was that
the firms engineers and an
alyStS uncovered fields they
considered las exciting and
potentially productive of spi-
railing gains as any technology
ical revolutions of the past
century," and that by follow
ing the letters advice, clients
would find themselves in
growth situations las promis-
ing as the earliest transistor
leaders Of a half dozen years
ago."
The SEC staff also said the
letter purports to cover on a
weekly basis all facets of to-
days finance, industry and
society where technology is the
motivator of change and that
dozens Of fast-rising over-the-
counter issues" yet to complete
their first major advances are
reviewed consistently by Dy-
namics' staff members.
1t charged that since Octo-
Der, 1862, Dynamics has hao
no paid employees or staff and
at no time employed more thar
four paid employees and that
its office is maintained not al
the listed Fifth avenue address
in New York, but in a portion oil
Grant Jeffery's apartment in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26
Earnings

International Harvester in 3
months ended January 81
earned $l0,476,000 or GA cents
a share VS.. $7,2OS,000 or Al
cents in 1862 period.
Standard Fruit & SIS. in year
ended December 81 earned
5,7O0,000 VS.. $602,827 in 1861.
Interstate Bakeries in So
weeks ended December 20
earned $2.681 ,246 or $2.27 a
share VS.. $2,723,48 or 1926 in
1861 period.
Miehle- GOss-Dexter in 8
months ended January 26
earned $l,3l7,285 or "a cents a
share VS.. 1926, 1865 or 80 cents
in 1861 period.
A. o. Smith Corp. in 6
months ended January 81
earned $l,l95, 626 or Sc cents a
share VS. s2,3l7,7O2 or $1.08 in
1861 period.
A. c. Gilbert Co. in year
ended December 81 had a loss
of S280,972 VS.. earnings of $780,
oil or seven cents in 1861.
Other earnings included:
For Year Ended December ~
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26
Higher Net Reported
By Southern Railway

January net income OF South
ern Railway Co. amounted to
81 BAL 900 or "a cents a share,
moderately above 81, 694,0 900 or
% cents a share in the initial
month last year, President D.
W. Brosnan told directors in
New York today.
Gross operating revenues of
Southern aggregated $22,194,-
900 in the month, compared
with $2l,877, 900 a year ago.
Railway tax accruals in jan
uary were $2,372,00O VS.. ST.
100000 in the same 1862
month. Ratio of operating ex-
penses Including taxes to op-
Grating revenues was 1913 per
cent VS.. $40 per cent a year
/ ago,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26

deceit and which are
fraudulent, deceptive and ma
nipulative."
The staff charged that "al-
though Dynamics and the JEFF
ferys followed a practice of
recommending unseasoned and
speculative securities without
having knowledge of Cor dis
regarding) material informa-
ton relating to the financial
structure, condition and earn
ings of the earnings of the
respective iSsuers."
1t also charged that the firm
has by means of advertise
ments appearing in respected
periodicals of national circu-
lation made false and mislead-
ing representations concerning
the reputation, operation and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26

retirement costs and general
living costs will continue to rise
in the future as they have in
the past.
How to Meet II
There are two ways to cope
with this problem. One Is to
set aside half again as much,
or twice as much, as would
now seem to be required. This
is the life insurance company's
answer to initiation. II living
costs are going to rise, says
the insurance salesman, then
you should buy just that much
more insurance. If the dollar
is going to be worth half as
much is years from now, then
just save twice as much. This
pat answer, however, is seldom
practical. Taxes and. other fl
nancial demands make saving
difficult. Most families have to
scrimp to keep up any sort Of
asavings program.
The alternative - which we
recommend - is to put at
least a part Of savings where
they may be expected to grow,
not at a fixed rate of 3 per
cent or 4 per cent, but faster,
say clio per cent. Suppose that
in 1947 a family had put
IS 900 in a 3 per cent savings
account and $1,000 into good
quality common stocks. Fifteen
years later, the $4,000 in the
savings account would still
have been worth $4,000, exclu-
sive Of interest, but would have
bought only half as much as it
would have is years previously.
But the $4,000 in common
stocks would have grown to
over $4,000 not counting divi-
dends, and would thus have
bought 40 per cent more than
it would have Is years before.
This sounds like a wonder
full programme initiation is 60
ing to continue, IF certain
common stocks will keep on
rising faster than average
prices, and IF the ordinary
person can select such stocks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26

income from a conservative in
vestment such as a savings
bond.
1t would appear that infla-
tionary forces will continue to
erode the dollar and the value
of fixed-dollar savings. Con-
slider the following points:
. Prices have become so sticky
that they no longer go down
even in circumstances in which
they have always gone down
in the past. Historically, prices
go up during wartime and
down soon thereafter.
. Prices hit peaks during the
War of 1912, the Civil War,
World War I and World War II.
In each case they fell back
drastically-except after Woi4d
War II and the Korean War.
The traditional peacetime sta
bility of prices also has disap-
peared. Between wars, in the
past, prices have not risen. Dur
ing peacetime recessions prices
actually have declined. Yet in
the years following thu Korean
War, when the country was at
least technically at peace,
prices continued to rise. They
did not decline during the re-
cessions Of 1884 and 1889.
If we are, then, in a contin-
uing era Of creeping initiation,
what are the consequences?
In the light of history, the
family that is looking is or 20
years ahead cannot assume
that cost of a college educa-
ton, or an adequate retirement
income, or any other expense,
will be the same as IL is today.
Rather, the prudent family
must assume that college costs,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26
INVESTING FOR THE YEARS AAAD-2
These Are Reasons for Buying Stocks

them women. And they won't
be the industrial workers of
yore. A higher and higher per-
centage of them will be white
collar workers operating and
administering an automated
economy.
The truth is that today we
have achieved a way of life
that our grandparents and
great-grandparents shaved and
scrimped to attain. We have
what they dreamed of-finan-
cial security, home ownership,
retirement income, physical
comfort. minimum backbreak-
ing labor, leisure time, enter
tainment, travel, health pro-
lection. Yet 1t is one Of the
great ironies of our time that
these wonderful achievements
have not brought happiness.
Speaking before the 1861 an
nual meeting Of the American
Medical Association, DR.. Dana
L. Farnsworth of Harvard Uni
versity said, THE great sick
ness Of our age is aimlessness,
boredom, and lack of meaning
and purpose"
Be that as it may, America
apparently is destined to 60 on
and on and on in the same
direction. More people, with
more time to live fully (if
they wild, more money to
spend, more things available to
buy and use, and continuing
changes in the ways of living,
working and doing business.
Whether these great changes
will cure the sickness of bore
dom and aimlesSneSS is not for
us to say. But there is no doubt
that they will do one thing,
and that is to provide fabulous
opportunities for investing.
That is the province of this
series and will be the subject
Of succeeding articles.
copyright@ 1862, by the Kiplinger
washington Editors. Inc. Condensed
from The Kiplinger Book on Investing
for the Years Ahead" published by
Doubleday a. Co.. Inc.
Tomorrow: How to Balance
Your Portfolio.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26
ChrysIer Drops 900

DETROIT ODD. Chrysler
Corp. laid off 900 workers from
a force of $500 at a Detroit
plant which makes Chrysler
Dodge and Imperial autos. The
plant was closed last week to
reduce car inventories. Chrysler
noted that despite layoffs its
1868 model production was run
ming rs per cent ahead of a
year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26
BUSINESS
BRIEFS

Martin-Marietta Corp. an
nounced award of a $21 ,265, 265
Navy contract for Bullpup air.
foreground missiles.
American Motors Corp. an
nounced it will halt production
at the AMC Milwaukee and
Kenosha plants for one week
beginning tomorrow night. The
shutdown, attributed to lack of
parts from a supplier, will af-
feet $4,000 workers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26
Maryland Bidding
Results Disclosed

A group led by Chase Man.
haitian Bank, Bankers Trust
Co. and First National City
Bank of New York apparently
submitted the best bid for
$50, ABS, 900 of various purpose
bonds Of the State Of Maryland
today.
The group bid lOO.36699999
for a pa per cent coupon. The
issue is expected to be re-
offered at prices to yield from
100 per cent in 1866 to PTS
per cent from 1878 maturity.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26
DC. CIothiers Named
To National Posts

Gerald D. Grosner, Wash
ington mems clothier, was
elected treasurer of the Nation
al Association of Retail Cloth
iers and Furnishers at the re-
cent annual convention in
Chicago.
Lawrence w. Nathan of
Bruce Hunt, Inc, was elected
assistant treasurer of the ma
tional association and Samuel
Levy Of David Richard was
named to the board of di-
reetors.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26
Vitro Corp. Reports
Drop in EARNINGS

Vitro Corp. Of America,
which has operating divisions
in this area, reported net income
from operations dropped to
$577, 805 or 48 cents a share in
1862, compared with S878,410
or 70 cents a share in the pre-
vious year.
Revenues of $48, 1905 were
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26

New York. The staff charged
that in recommending unsea-
soned and speculative Securi-
ties, particularly of eight spec
flied corporations, Dynamics
and the Jefterys made false
and misleading representa-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26

Area were 10 per cent above a
year ago in January, the Fed
eral Reserve Bank of Richmond
reported today.
The downtown portion Of the
area sales total was up 8 per
cent from the initial 1862
month.
For IL months ended Janu-
airy 81, area sales were up 5
per cent from a year ago, while
the downtown portion was even
with the previous period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26

TO ra combination of coupons
ranging from 5 per cent to "a
of one per cent. The bonds will
be reoffered at prices to yield
from 1855 per cent in 1864 to
1926 per cent for 1886 maturity.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26
By JOHN W. HAZARD and LEW G. COLT

We have explained briefly how the ordinary investor
successfully buy and hold stocks But admittedly
there risks Why therefore should he avoid these risks
and put all his into something safbonds and savings
accountsP Why should he try to make money in the
stock market?
One is that initiation the memorable in prices
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26

We believe that demand will
catch up to capacity and that
initiation will be resumed. that
the economy will grow, that
certain companies will prosper
and grow faster than the econ
omy as a whole, that their
stocks will rise faster than the
general price structure, and
that, finally. an industrious
investor can learn to select
those particular stocks with q
satisfactory degree Of success.
Protecting yourself against
initiation is a valid but some
what negative reason for buy
ing stocks. Here's a more posi-
tive, more exciting reason: Ia
participate in the dynamic
growth Of America that lies
ahead. Glance for a moment
at the prospects for future
prosperity, in which you can
share via common stocks.
Long Look Urged
Disregarding the short-term
swings in business, which will
always be with us, take a long
look ahead: There will be more
people. They will have more
money to spend. They will
have more intriguing things tC
buy. They will have more time
for travel and leisure. Business
will be under heavier pressure
to spend more on research ano
development, which will result
In more new materials, new
products and new ways of get
ting things done. The Govern
ment has undertaken heavy
commitments. to keep employ
ment high and the cold wal
seems destined to continue for
years and keep military ex-
penditures up.
If you are skeptical, remem-
Der that Americans, ever
though notorious for their OPP
timism, have consistently
moderated their own future.
Even the forecasts made but
a few years ago have already
fallen short. So it is dangerous
to shrug off predictions Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26

up 5 per cent from $46,O42,S27
in 1861.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-26

and decline In the purchasing
power of the dollar. will eat
away his savings. The economic
facts of life in today's world
are such that putting at least
a part of ones capital into
equities is a matter of self
preservation.
Really disastrous Invitations
have occurred in countries like
France and Germany. Once the
disease gets past a certain
point, 1t begins to feed on it.
self and the government sim
ply begins printing money
without any backing in hopes
Of giving citizens enough to pay
the soaring prices of goods.
But each addition TO the money
supply sends prices up faster.
The disastrous mutations Of
the past, of course, have wiped
out bonds, savings, life insur-
ance, pensions, currency and
anything else with a fixed mon
etary value.
The classical type of gallop-
ing initiation does not seem
likely to occur in the United
States. Nevertheless, bonds,
savings, life insurance, pen
sionS and currency, while they
are affected more slowly, have
been eroded just as surely by
the creeping initiation that has
occurred in recent years.
Initiation to Continue
Since the beginning of World
War II, the United States has
been in an inflationary Pc
riod. On the average. pric e s
have been rising at around 3
per cent a year. This is just
about enough to cancel out the