davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
Gold StockpiIe
Holds Unchanged

NEW YORK (AP). - United
States gold reserves held un.
changed during the week end
ed August 81, the Federal Re-
serve Board reported.
This was the fourth week Of
steadiness in the last five al
though in the previous week
there was an outflow Of $50
million.
For the year to Gate gold re.
serves have been depleted by
1895 million through sales to
foreign central banks or gov
ernments. At the correspond
ing date last year the outflow
was $742 million.
At the close of business
Wednesday the stockpile totaled
SIS. 583 ,000, 900, the lowest since
early 1899.
Meanwhile, the boards weekly
statistics showed that member
bank free reserves, or excess re-
serves above borrowings from
the central bank. dipped to $9S
million a day on average dur
ing the latest week from a re-
vised figure Of 1925 million q
week earlier.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
New Poy-N Firm
Files Offering
Of $50 Million
BY the Associated Press

A new pay-television COM
pany has filed a registration
statement with the Securities
and Exchange Commission for
the offering Of about $50 mil
lion In stock to the public.
The company. Subscription
Television, Inc, is jointly owned
by Learsiegler, Inc. and Reuben
H. Donnelley Corp, a SUBJ
sidiary Of Dun & BradStreet.
The mpany repeatedly
plans to begin operations on the
West Coast in mid-1964. There
also have been published re-
ports that the company has
reached agreements with the
Los Angeles Dodgers and San
Francisco Giants for telecast-
ing the teams home games.
The registration statement
said the company would offer
2,550,000 shares at a proposed
price Of $12 a share.
1t has been reported that
subscription television plans to
charge its customers SIC
for installation of the system
and q basic monthly charge Of
around "a, plus extra charges
Of 81 to $50 q program. There
apparently would be an extra
charge for special events tele-
cast In color.
Subscribers would have q
choice Of two or three chan
nels.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
BUSINESS BRIEFS

Federal Land Bank Of Louis
Vile announced q SIS million
dividend, the largest In its 46-
year history, compared with
$40, 900 last year.
Kaiser Al. g. Chem Corp,
announced 1t is increasing the
price of alur1inum cable, steel
reinforced. BY Ia cents q
pound, effective today.
Kroger Co. sales in 4 weeks
ended August 10 totaled 1885,
1872 ,66S, up 81 per cent from
1852; for 80 weeks ended Au-
gust 10 $l,255,o 8O. 1875, UP ~
per cent from 1862.
Earnings
Consolidated Foods in year
ended June 30 earned $l0,477,-
ITO or $2.l8 a share VS.. $9,068,-
314 or $1.81 in 1862.
FalcOnbridge Nickel Mines In
6 months ended June 80 earned
SO, 1882 or $l.39 a share VS..
$l0.527.l09 or $2.l9 in 1862
period.
Garrett Corp. in year ended
June 80 earned $5.450,000 OF
1895 a share VS.. $5,086.387 or
$3.4lain 1862.
Western Mass. Cos. In IL
months ended July 81 earned
81, 766,761 or $l.83 q share VS..
$4.454,3 $3.50 or $l.7l In 1862.
Beckman instruments In
year ended June 30 earned So
$4,000 or $2.04 q share VS..
$4,824,0 900 or $3.l0 In 1862.
Chi. Musical Instrument In
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
Industry Plan Sought
Among Eight Latin Nations

Both countries now have to
study the reciprocal lowering Of
import duties on these pro-
ducts.
The deal looks so promising
that officials here want to in
lude Brazil in the arrangement
Plans are already well ad-
vanced to have Brazilian, Chill
can and Argentine study
groups meet in Buenos Aires.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
Hawaii Banker
Fears Tax Bill
By the Associate Press

special tax on United State:
investments in foreign securities
would worsen the balance Of
payments situation so far as
Hawaii's relations are con-
cerned-and probably do little
good generally, a Honolulu
banker told Congress today.
James H. Shoemaker, vice
president of the Bank of
Hawaii, said the island state
is hoping for a large influx OF
Japanese tourists when ex-
change restrictions are relaxed
IF even a significant fraction
of the potential travel from
Japan to Hawaii were curtailed
as a result of adoption Of (the
bilD," Mr.. Shoemaker testified
before the House Ways and
Means committee, "the effect
would be to increase rather
than decrease out negative
balance Of payments position. u
He said Congress should re-
member investments flow both
ways and that recently a jap
anese firm has contracted to
buy the Princess Kaiulani
Hotel in Honolulu for SO mil
lion-about one-third as much
as the total investment Of
Hawaiian buyers in Japanese
securities to date.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
BY SAM DAWSON

Associated Press Business News Analyst
NEW YORK-Another move
to bring United States Treasu-
ry monetary policy closer in
step with Federal Reserve Gre
dit management and with cor
porate financing needs will
start next week.
| Changing the present quar-
terly issues of one-year Treasu-
Try bills to a monthly offering
seems at first glance like a rou-
time matter of interest only to
government security dealers.
| But it could go well beyond
that. It is further evidence of
the important part monetary
policy will play in meeting the
problems that becloud the eco
inomic outlook.
! The CHI ange to what the
Treasury dubs "a more or less
a utoln attic turnover basis
might have a role in tackling
the twin financial problems:
curbing the outflow Of gold ard
dollars abroad by firmer con-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23

troll over short-term loans and
interest rates, and the simulta-
neous encouragement of eco
nomic growth at home through
comparatively easy long-t e m
credit.
One of Several Changes
This is a tricky task at best
but one that the money man
ayers see as ever more pressing
The monthly bill offering is
another in a string of moneta-
ry change s, in the last few
months.
Early in the year the Federal
Reserve began to tighten the
short term money m arket, If
only by foregoing steps that
would ease 1t. The result was a
slow rise in yields of short
term securities, such as the 81
day bills and six-months bills
the Treasury issues.
The aim, now acknowledged,
was to make returns here look
more attractive to those with
idle funds which they had been
shipping abroad where yields
where higher. This added to
the surplus of dollars in foreign
hands, part Of which were
turned in from time to time for
gold held by the United States
Treasury.
Then a month ago the Fed
eral Reserve went another step
and raised its discount rate
from 8 per cent to 3.5 per cent.
This is what it charges member
banks for loans which they in
turn can use in making short
term loans to business. Such
boosts in the discount rate usu-
ally make all such borrowing a
little more expensive, or at
least a little harder to get.
The moves have had little
effect on longer term borrow
ing, such as home mortgages or
state and local bond issues.
This is because so far there has
been an ample supply of funds
building up from increase
savings entrusted to various
financial institutions.
In announcing its move next
week to start substituting up to
$12 billion in one-year bills
maturing on a monthly basis
for the outstanding sos billion
of such bills maturing in Janu-
airy, April, July and October,
the Treasury noted that this
would make 1t easier for the
Federal Reserve to change Gre
dit policies as it thinks best.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23

grated, CraQe increases ana TAR
ifs and customs surcharges are
lowered among LAFTA men,
bers.
Governments Help
Businessmen do most of the
talking, with government Off
cials standing by to help on
technical problems or to deal
on the spot with government
to-government issues tina t
arise.
Last m on h, 10 prominent
Argentine industrialistS visited
Brazil for a week. A small off,
cial delegation, headed by In
dustrial Secretary Luis F. Got
t h ell, accompanied them. To
the establishment Of all con-
cerned, they drew UP then and
there an a EN- emit to ex-
change SIS million worth Of
Brazilian manufactured railway
equipment for Argentine crude
oil. They also pledged to seek
ways Of expanding trade on a
long list of other important
items.
Brazilians and Argentines also
set up a special committee to
explore ways Of improving
communications and trans
portation between the two
countries. As a beginning, they
agreed to lift all border restric-
tons for overland truck traffic.
Explore Uruguay's Problem
A Uruguayan mission came
here early this m on h. The
talks yielded no specific agree
ment, mainly because Uruguay
has q chronic trade deficit with
Argentina. But both did some
valuable exploration toward
solving the problem.
Last week, a Brazilian mission
Travelled to Santiago, Chile,
talked about generalities, but
also laid a solid groundwork for
future negotiations. Talks will
continue over the next few
months.
Meanwhile, q Chilean mis-
sion visited Buenos Aires and
after a weeks negotiation drew
up q temporary agreement to
integrate the Chilean and Ar
gentine auto-truck and trac-
I or-manufacturing industries:
Argentine auto-makers can buy
what they want in Chile. and
Chilean auto plants will pur-
chase a whole line Of parts
made in Argentina.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
Major Survey
Of u. 5. Banks
Is Launched
By the Associated Press

A study of the United States
banking system has been
launched by the House Bank
ing Committee.
Chairman Patman said yes
terday IAN entirely friendly sur
vey" is being started with the
mailing Of the first Of q series
OF queStionnaires to. q 5000
bank sample of the country's
financial institutions.
The first QUESTIONABLE seeks
information on banks policies
affecting top personnel, their
problems in raising capital and
their financial reporting to
stockholders.
Later questionnaires will deal
with correspondent ba nkine
relations and the services pro-
vided by independent, C h q in
and holding co m pany banks
and, finally, with policies on
loans and interest.
Committee sources said the
object is to build up a fund of
information against which pro-
posals for legislation on such
matters as tightening or relax
ing laws on branch b anking
and b ank holding companies
could be judged. It was indicat-
ed the committee will take no
final action on pending propo-
sails in these fields until the
stu dy is completed-probab
next year.
= The committee said elaborate
precautions will be take n to
prevent disclosure of informa-
Il % n submitted by individual
banks. Reply forms will contain
perforated sections on VIII c h
all individual identifications
are made. These will be re-
moved by Federal Reserve or
other F e deral personnel and
the committee staff will receive
only summaries Of information
with no date that could be re-
lated to individual institutions,
the committee said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
Training Program
For CPAs Beoins

A staff training program for
certified public accountants is
under way at the University Of
Maryland in College Park.
Sponsored jointly by the D. C
Institute Of CPAs, the Mary
land Association Of CPAs ano
the university, the course is
designed to provide two semes-
tiers Of graduate training in
two weeks.
1t includes lectures, discus
sions and problem-solving seS-
sions. The final event is a
luncheon set for August 80. II
will be addressed by Andrew
Barr, chief accountant of the
Securities and Exchange Com
mission.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
NEW DEPOSITOR
STAYS AT BANK
AS EMPLOYE

A prospective depositor
at the new Commonwealth
National Bank in Arlington
stayed on to become a part
time employe.
John Doles of 1920 South
Fourteenth road came in
last Friday to start an &C
count. Seeing the filters
bank employees were de-
veloping trying to open
crates Of dishes to be given
away to charter depositorS,
he volunteered to help.
Mr.. Doles did so well, the
bank asked him If he would
like q permanent job. Now
he works every day from
3 pm. until 9 after his
regular shift from 6 am.
until 2 pm. as a mail
handler in the Arlington
Post Office.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
ALL COMPANIES
TO EQUIP CARS
WITH SEAT BELTS

DETROIT. (AP). - All
five major American auto
manufacturers say that
their passenger cars will be
factory equipped wit h
front seat belts as stand
ard equipment beginning
January /.
Ford Motor Co. and
American Motors Corp.
announcements followed
statements by General
Motors Corp. and Chrysler
Corp. that the move was
prompted by increasing
public acceptance of seat
belts as a safety measure.
Studebaker Corp. an
nounced last February that
it was making the safety
devices standard equipment
on its cars.
American Motors said its
seat belts will be a new
type with an automatic
feature which increases
their convenience.
The GIN, Chrysler, Ford
and American statements
said list prices Of the new
models will be adjusted to
include the cost of the seat
belts.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
PiggybockS Service
Gets Green Light
BY Dow Jones


Two ICC examiners termed
railroad piggyback service lone
Of the most dynamic formulas
for transportation of freight
this country has ever seem
and recommended that the
commission erect no roadblockS
that would slow its growth.
Examiners Harold P. Boss
and Richard S. Ries found al
forms Of piggyback service
legal.
The legality Of one plan
under which railroads haul
truckers trailers and shippers
pay the truckers tariffs had
been particularly attacked by
freight forwarder companies.
Some other variations had
been attacked by truckers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23

amounted to $25, 1902, 900 for the
first half of 1868, compared
with $22,348,000 in the same
period last year. At midyear,
total deposits we're 1888, 031, 900,
against $789.787, 900 at the
same time last year.
Capital funds of the "a banks,
after dividends, were S69,255.-
500 on June 30, compared with
$50, 695, 694 on the same date
in 1862.
"The continued growth of
existing banks, together with
the anticipated opening Of new
majority interest banks in Tow
son, Md, and Herndon, Va,
which should be accomplished
by early fall, should add con-
siderably to total banking re-
sources by the end Of 1852"
Mr.. Bancroft said. I'm addi-
ton. we are acquiring a ma
tional bank in Lexington, Va.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23

per nOur. FOr the corresponding
period in 1862, the boosts aver
aged just over 71a cents. y
The bureau, a private organi-
cation publishing legal, labor
and economic information for
business and professional use
said settlements in manufacture
ing industries this year raised
the average wage by more than
2 cents. In nonmanufacturine
fields, the increase averaged 10
cents.
The biggest increases came
In trucking and warehousing
where the average was 20 cents
In the petroleum and construc-
ton industries, the average in
crease was is cents.
The bureau noted that the
figures represent wage rate in
creases only. They did not In
clude the value Of changes in
fringe benefits, which were
liberalized in most settlements.
New or revised health and
welfare plans appeared in 40
per cent Of the settlements and
pension plans were developed
in II per cent.
Deferred wage increases, be-
coming effective a year or more
after contract signing, also were
provided by so per cent Of all
settlements, while weekly hours
Of work were reduced in 2 per
cent of the contracts,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
Virginia Bunk Merger
VOTING Is Scheduled

RICHMOND, Va. (AP). -
Stockholders will vote in spe.
cial meetings September 20 or
a plan to merge the Hallwooc
National Bank In Accomack
County with the Bank Of vir-
ginia.
The Hallwood National Bank
has total resources Of $5,I19,-
900. The Bank of Virginia has
total resources Of $188,823. 900
A spokesman said merger
would be effected by the ex-
change Of ST. shares Of vir-
ginia Commonwealth Corp. q
bank holding company, for each
share Of Hallwood National
Bank stock.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
Financial General
Net, Assets Mount

James A. Bancroft, president,
has announced that assets OF
the "a banks affiliated with
Financial General Corp. rose to
1892, 641, 1855 on June 80, COM
pared with $SS0,555,355 a year
earlier.
Net income for the first six
months Of this year totaled
$3,017,000 after provision for
taxes and incorporating adjust
ments, compared with $2,726,-
900 for the like period in 1862.
Gross operating Income
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
Store Sales Jump
7 Per cent in Week

Department store sales in the
Washington Metropolitan Area
were up 7 per cent in the week
ending August II over the cor
responding week a year ago,
the Federal Reserve Bank of
Richmond has reported.
For the four weeks ending
August II they had gained
5 per cent over the same week
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23

BUENOS AIRES (AP).-A
ranking Argentine official has
expressed hope that Peru, Ecu
ador, Colombia and Mexico will
join four other South American
countries in planning for re-
gional indignation of industrial
development and trade.
The official, who asked not
to be named, disclosed recently
that Argentina plans to send
special missions to Peru, Ecua-
dor, Colombia and Mexico for
talks on the subject sometime
in mid-September.
Argentina, Brazil, Chile and
Uruguay already have begun to
plan Indignation Of their indus
tries and trade. It is being done
on a private basis initially, but
will be placed later under the
framework of the Latin Ameri-
can Free Trade Association
(LAFTA.
Hope to Prod Association
The idea is to prod the slow
moving association with con-
crete practical results. All eight
countries together with Para
quay from the nine-member
group, founded in Febr uary,
1861, to offset the adverse in
fluence Of the European Com
mon Market.
Dissatisfied with the sc a n t
progress attained in LAF T A,
Arg ntina, Brazil, Chile and
Uruguay began exchanging
mixed m issions last month.
The results have been ac-
claimed as a definite success in
all four countries. The mis-
sions, composed Of government
officials and leading represen-
tatives from business and in
dustry, find out what the other
country's needs are so that
each can better work out its
industrial development plans.
With industries better inte-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23

in 1852 and for the year to
August II, 6 per cent over the
same period last year.
Downtown stores. on the
other hand, showed no gain
in the week ending August II
over the same week in 1862,
but there was a per cent gain
for 1868 compared to the same
period in 1862.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
Dividend Announced

Central Charge Service, Inc.
has announced a quarterly
dividend Of 5 cents per share
on the company's common
stock. payable September 80 to
holders Of record at the close
Iof business September 10.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
GorfinckeI Dividend

The Board Of Directors Of
Julius Garfinckel g. Co., Inc,
has declared a quarterly
dividend of As cents a share
On the company's common stock,
payable September 80 to stock
holders Of record September 10.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
100 SETTLEMENTS
'63 Wage Contract Gains
Are Up Slightly From 90
BY CHARLES COVELL

Wage increases throughout the country resulting from
management negotiations have been slightly larger
FAR this year than in 1852 the Bureau of National Affairs
announced here today
In anayzng nearly 100 contract settlements the bureau
found that increases for the of 1868 averaged cents
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23
INSURANCE LEADER
One of Several Changes

William J. Mileham (right), sales director Of
the Washington agency Of Mutual Benefit
Life Insurance Co. of Newark, was the COM
pany leader nationwide in handling group
that, and Robert C. Mcqueen, Mutual vice
president, presented Mr.. Mileham with a
silver tray at Mutual's annual meeting few
day ago in White Sulphur Springs
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-23

troll over short-term loans and
interest rates, and the simulta-
neous encouragement Of eco
nomic growth at home through
comparatively easy long-t e r m
credit.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-30

scripts IN NeU YORK, HOLLYWOOD ana eLSeUhere Their
opinions are offered as guide to UieUers
Chronicle "Oh Be Joyful" The English peoples welknown
resistance to change and their love Of ritual chronced
in sffeconste profile of decayng but doggedy cheerful
resort town. The City Of Bacpoo the Irish Sea has been
serving the grim northern mill towns Of England their
annual twOweek beacon Of light for centuries and neither
the rain, low tide gOOSeeSh limited entertainment the
growing fear mill shudowns and unemployment has put
dent in their determination to "Oh Be JOYFUL once year
in BlackpOo. 1880 pm, WT0P-9.
Espionage HE Rises Sunday and We Monday" play
about the beginning Of the Irish rebellion (916) extremely
well written by Alvin SapnSey and performed by excellent
Irish cast tells that the uprising is due to start in
Dublin on Monday and that to be provided by the
Germans. But things wrong and thousands will die unless
the IRA in Dublin is warned The characters make the story
both effective and beievable. 9 pm. WRC4.
Dick Van Dyke glib fast show with funny painful
ments It's amateur night again and all of TV Writer Petries
friends including his wife, want to star in local production.
$50 pm. WT0P-s.
Danny Kaye. Top sketch is takeOf James Bond and Dr.
No in which Hayes second banana Howard Norris and Juliet
Prowse 60 for hot stuff Kaye and Morris do old
time vaudeville number Rabbit and Bromide Juliet Prowse
does SWITCH dressing in crnoline and lace for deme
dance act and Danny Kaye introduces folk singing
group called the Levee Singers 10 pm, WT0P-9
The Eleventh Hour 0h You Shouldn't Have Done It. you're
looking for NICE cOrny love story, this than fills the
who and wins fine girl ois Netleton) without telling
her about his background He steals to buy gifts because he's
understood that it's not always necessary to buy love
10 pm, WRC+.
Tonight Johnny Carson back to his regular job with Andy
Williams, Alan King, Indian Film Star Leea Naidu and
Memory Expert Harry Lorayne along to give him support
(Coor.) 1880 pm, WRC-.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-30
OTHER TV HIGHLIGHTS

800, WTOP (s)-The Beverly
Hillbillies. Jed has a man.
to-man talk with Jethro about
counting. Barbara Nichols.
1890, WMAL (7)-Channing. A
talented coed uses her femi-
nine wiles to try to influence
Prof. Howe in judging a lit
erary contest. Suzanne Pie
shette.
11:1O, WTTG (5)-Hollywood's
Finest. Brigham Young.
Story of Brigham Young and
the Mormons. Dean Jaeger,
Tyrone Power, Linda Oar
nell (194O).
12:55, WTOP (9)-The Late
Show. easy Living" A pro
football player tries to sat
isfy the demands of his self
ish wife. Victor Mature
(1937).