davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-04
Reel Estute Firm
Reports 1921 Gain

DISC. Inc. real estate. re-
ports for fiscal year ended last
February 20 that net income
after depreciation and provt-
sion for income taxes amounted
10 81 ,07e.l
Irving s. Lichtman. president
Of the Observation-Disclosures
firm. pointed out that this net
represented q 81 per cent gain
over esi7.0i7 reported for the
preceding year. on a per share
basis. the net amounts 10 ATS
cents this year versus 36-cents
last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-04
Building outIoys
Increased in Muy
~ the Associated Press


Expenditures for new con-
struction in May picked up
more than seasonally, the Com
merce Department reported to-
day. It estimated these expendi-
lures at SIS billion, an in
crease Of is per cent over
April. Normally there is an in
crease Of about II per cent be-
tween April and May.
Spending for new construc-
ton In May exceeded May,
1862, by 3 per cent.
Expenditures for new private
construction amounted to $3.e
billion. Is per cent above April
The normal seasonal movement
between April and May in pri-
vate construction is about II
per cent.
Expenditures for new private
nonfarm residential building
amounted TO $2.4 billion In May
an increase Of 10 per cent over
April compared with the nor
NAL seasonal increase Of about
II per cent.
The volume Of new public
construction was SIS billion ir
May. 20 per cent above the
April level compared with &
normal seasonal increase Of 1;
per cent. Public construction
expenditures in May were
per cent more than In May
1862.
New construction expendi'
lures In the first five months
Of the year amounted TO S22.!
billion compared with $2l.e bill
lion In the correspondent
period last year, an increase o
5 per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-04
Hodges Declares Space Research
Should Pay off in Daily Life

velopments into consumer uses.
is concentrated In about 500
major corporations. About col
per cent Of all such work Is
carried on by these companies,
the rest spread out among some
800 900 smaller concerns.
In the last nine years, 10
times as many RID scientists
and engineers have been chan
neled into Government projects
as have gone into civilian work.
Some $4,000 additional RAD
specialists are expected to grad
uate from colleges this year.
barely enough to fill the needs
of the expanding space pro-
gram S,one.
Government and industry
leaders / I'VE been aware Of the
civilian technology gap for
some time, but little has been
zone ABOUT ~.
Last week, however, Mr..
Hodges announced the start Of
the Civilian Industrial Tech
nology Program, set up under
an initial appropriation Of
$625, 900. President Kennedy
has asked Congress for STA
million to extend the plan In
fiscal 1854.
The program, according 70
Mr.. Hodges, viii have two mair
purposes. I'VE want to stimu-
late science and technology ir
industry - initially In textiles
and apparel and building anc
construction" he said. I'VE
also want to begin q univer.
sity-industry technical serv.
Ice"
The Government hopes to &C
complish this through the
award Of contracts to uniyer.
sites and other technical In
stitutions for basic industrial
research and development and
for the dissemination Of tech.
meal information.
Advisory committees repre-
senting industry. education and
labor will be appointed to helr
decide which RAD projects are
most urgent. The program vii
be under the general direction
Of j. Herbert Hollomon. Assist
ant Secretary Of Commerce fol-
Science and Technology.
The textile and construction
industries were picked initially
because Of their long-standint
competitive problems and lacl
: Of advancement in productivity
Also high on the list for future
RAD assistance: Machine Too
and foundry industries.
The Civilian Industrial Tech
noloey Program would operate,
In general. along the lines OF
the long established Agriculture
Extension Services at land
grant universities.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-04
BY DONALD B. HADLEY
Star Financial Editor

Unwary investors, who may
have forgotten about those
high-pressure telephone calls
from Canada, now are being
warned against tempting bust
ness deals pictured in letters
from the Bahamas.
The Securities and Exchange
Commission today issued a
warning against the purchase
of stock of Caribbean Hotels
Corp, Ltd, being offered from
Nassau, by that company, by
Jomur Investments and Trust
Co., Ltd, and ny the National
Bank and Trust Co., Ltd.
Upon the request of the SEC
the Post Office Department is
sued a postal fraud order or
May 2, 1862, against Caribbean
Hotels Corp. and issued 9
similar order on October 30
1862, against Jomur Invest.
ments in connection with thai
company's solicitation Of
United States residents to pur.
chase shares of Caribbean Ho.
tells, the SEC announcement
said.
Recently, the commission has
received evidence that Jomul
Investments has sent to United
States residents what appear Il
be gift certificates for 20
shares of stock of Caribbean
Hotels, the SEC declared.
Concurrently. Global Invest
ment Corp. Of Geneva, Swift
zerland,. informed stockholder'
and purported shareholders o.
Caribbean Hotels that it wa
acting as agent for a group o.
financiers anxious to gain con
troll of Caribbean Hotels. anC
Global enquired whether thu
shareholders would be pre-
pared to sell their shares a
$500 a share, the commission
statement added.
Subsequently, shareholder
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-04

abuses which have occurred in
"hot tssues"-new stocks whose
prices have scared beyond nor
NAL patterns Of movement-by
requiring that prospective buy
ers be furnished with pros
pectuses, giving full financial
information, for not less than
90 days after the stock is
issued. The present require
ment Is 20 days.
Program Is Supported
In New York, the New York
Stock Exchange and the Ameri-
can Stock Exchange, the two
largest In the Nation, quickly
voiced strong support Of the
SEC program ''in principle"
They specifically praised the
proposals for fuller public dis
closure by corporations Of fl
nancial information. Both ex-
changes already enforce rather
stringent requirements alone
this line.
G. Keith Funston, big board
president, and Edwin D. Ether
ington, president Of the Ameri-
can Exchange, said they ap-
preciated SEC consultation
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-04

as industrialists call It, does &C.
cur, Of course. The National
Aeronautics and Space Admin
istration, for instance, recently
checked to see how many in
ventions and developments, d.
rectly connected with the space
program, had filtered down into
consumer products. The survey
turned up las examples of new
or improved products, derived
from NASA-sponsored research,
But the overwhelming ma
jority Of the scientific develop
ments financed by Federal
space. military and atomic en-
ergy programs have never been
adapted to improve the quality
or lower the cost Of such ev-
eryday items as the household
refrigerator or television set
although many could be.
Thousands Of new innova.
tons lie unused because thu
consumer industries do no
know about them. according Il
Government experts. In add.
ton, some of the less glamor.
Gus industries, such as textiles
have sifted precious little from
the electronics- oriented Gov
eminent research and develop.
ment. Caught on a viciously
competitive threadmill, indus
tries like textiles have not beer
able to adequately finance theil
own research, 1t Is claimed.
The basic problem. as seer
by the Kennedy administration
is that the Government hal
taken so much Of the scien.
tific and engineering brain
power away from industry
Three out Of every four Ameri.
can scientists and engineer
work on projects chosen by thu
Government and directed
toward purposes.
Last year some SIC billior
was spent In this country To-
research and development, bu
only "a billion Of 1t was speni
by industry for civilian pur
poses. OF this. according Il
Commerce Department figures
only SIS billion was directe'
toward projects that were hkel!
to increase productivity.
Civilian Rad. which mus
create new products and trans
form military and space de-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-04

~ oAAA W cOiNC ~.
The truth, contrary to the
general notion, is that the vast
expenditures for space and mill
tary research do not necessarily
help to bring about improve
ments In consumer products
and industrial productivity.
Commerce Secretary Luther
Hodges. among other, has tried
in recent speeches to dispel any
misconceptions.
It is wrong, he says. to think
that all the money we're
spending for research and de-
velopment will not only give US
military security and space SUI
premaey. but viii automatically
provide improvements In pro-
ductivity and q cornucopia of
new products and processes to
invigorate and expand the
economy"
Some "technological falIout, /"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-04
Maryland Bank
Merger Approved

Stockholders Of First Ma
tional Bank Of Maryland and
the Nicodemus National Bank
of Hagerstown have voted over
whelmingly for the proposed
merger of the two institutions
as recommended by their di-
rectOrs.
Robert B. Hobbs, board
chairman of First National and
A. Leroy Nichols, president Of
Nicodem National, an
nounced the results following
special stockholders meetings
yesterday.
First National holders turned
in an affirmative vote Of IS
per cent while Nicodemus Ma
tional holders voted 50 per cent
of their stock for the proposal.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-04
Sofewoy and Dart
Sian Leases

Safeway Stores, Inc. and
Dart Drug Corp. have signed
long-term leases for new stores
at Baileys Crossroads in near
by Virginia.
Herbert H. Haft, president Of
Dart Drug, is owner Of the new
shopping center which will con-
tain around 10000 square feet
of stores and $4,000 square
feet for parking.
Negotiations for the sale and
leasing of this property were
handled by Don Dunning anc
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-04
Securities Overhau|Aske

substantial agreement from in
dustry leaders on the items in
the bobtailed list, informants
said.
Many firms and individuals
directly affected have not been
able to obtain copies Of even
the first installInent Of the re-
port, issued two months ago.
In issuing those chapters. Mr..
Cary said they disclosed grave
abuses" and q need for more
controls but he emphasized that
"the picture presented is not
one Of pervasive fraudulent
activity"
It was only last Friday that
the Government Printing Office
announced that the first four
chapters Of the report were
available in printed form.
Further delay may be neces-
sary, Government sources indi-
Gated, because SECS massive,
l8-month-old investigation OF
the securities industry Ii still
not complete, although the
first installment Of the report
five long chapters-was is
sued April 8.
More Chapters Due
Additional chapters are ex-
pected next week or the week
after. But officials have indi-
Gated that this may not COM
plete the report-that q third
and final installment may be
forthcoming weeks or months
hence.
The SEC draft bill proposed
that, ct the start, all companies
having at least 81 million In
assets and $50 or more stock
holders be required to file with
SEC financial reports similar
to those required In the cast
Of stocks listed on the organized
exchanges.
After two years, the require
Iment would apply to all CON-
panies having 500 or more
stockholders. This would cove
more than 1000 companies
whose securities are traded II
the vast and mushroominl
"over.the -counter market"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-04
Contract Awarded
For Animal Center

The General Services ADMIN
istration has awarded a $S,l03.-
900 contract for construction
Of an animal center for the
National Institute Of Health in
Montgomery County, Md.
John McShain, Inc, Of Ar
lington, will build the center on
Elmer School road near Pooles-
vile.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-04
Mocke Vending
Declares Dividend

Directors Of Macke Vending
Co. have declared the usual
quarterly dividend Of liz cents
a share on Class A common
stock.
The dividend viii be paid
June 20 to stockholders Of rec
ord June is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-04
BY DON BACON
star Business Writer

IF have enough technical knowledge to put in
space asked Washington housewife recently why does
my washing machine break down often9"
This question which goes to the heart Of serious prob
lem in the United States has But for the
first tme Government and industry embarkng pro-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-04
SEC Outlines Legislation
To Protect Customers
BY the Associated Press

proposed overhaul and tightening of the securities laws
One the sweeping the history Of protection
lekaowas sent to Congress today by the Securities and
Exchange Commission.
The SEC enactment Of the entire bundle during this
aas.nn House Interstate Commerce Commit
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-04

Wallace B. Agnew Of Walker
g. Dunlop, Inc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-04
~ DIscoVER FLoRIBBEA

Miami the gateway north south the Everglades Cape Cnavera
West Nassau and the Bahamas Jamaica the Virgin Islands
National Start with Nationals Fobbn Vacation
folder and let your travel agent be guide call s4S7633
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1963-03-15
House Sfymied
Facilitating
Urban Renewal

House Bill LOG, by Schepens, Lew
IS, Jensen, Schye, Keller, Bradford
and Lucas, had as its purpose the
expediting of urban renewal pro-
grams IN order that Montana cities
might take full advantage of avail
able federal services In planning be-
fore submitting such proposals TO a
vote of the people.
Presently, because cities and towns
must first secure voter approval be-
fore any planning Is done for such
federal matching funds programs,
they In effect must approve q blank
check, as pointed out by Jensen (R-
Lake, who supported HB log. Such
"blank check approval via election
is costly and does not settle any
thing. Chief Sponsor Schepens told
the House, 'Ethe reason for this bill
is that at present time the law calls
for three votes we are trying to
eliminate the election in which peo-
pie must decide whether a survey of
our situation should be taken :"
AdASnCy dlAu OCdAl, III OppOSli1S
HB LOG, expressed great concern
bver whether the rights of the voters
you'd be amply protected under the
pill. To this, supporter Wayrynen
replied that the peoples right to de-
5ermine whether they enter into an
urban renewal program is amply pro-
5ected by public hearings, followed
by elections should a renewal pro-
gram be proposed. The bill, he said,
'nly provides that the survey to de-
ermine necessity be allowed before
vote is taken.
In spite of the arguments for the
ill, Haughey and Beam were. as
Isual, successful in marshalling suffi-
lent Republican opposition to kill
t, 48-42, with only one Democrat
citing against the proposal.
Roll call was ON motion by Way
ynen to reconsider" after HB LOG
ad been killed earlier by acceptance
f an adverse committee report from
[aughey's Judiciary Committee. The
oil call follows:
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1963-03-15
I erritorial Integrity

Rural electric cO-ops have
long had need for legislative
protection against raiding OF
their service territories by pri-
vate power companies, Mon
tana Power in particular in the
Treasure State.
Over the years, the eastern sea-
board controlled private utility has
not only built "spitelines" TO skim
off the cream Of rural areas. but has
also gone through the courts to OBJ
tain suburban areas which when rural
electrics first began serving them,
were rural.
To end the continuing harassment,
Senate Bill 1914 was introduced in
the 18th Legislative Assembly by
Hafferman, MCGOWAN, Rieder, Dur
kee and O'Neill. It's purpose was to
Nfreeze" the service areas of both
private power and co-operatives.
Under Section 1 it provided that
duplication of electric service would
be prohibited, whether proposed by
a private utility, cooperative, asso-
citation or municipal corporation. 'No
electric supplier shall construct or
extend facilities, or furnish or offer
to furnish electric service, to any
premises which are already receiving |
electric service from another electric |
supplier or which are not receiving |
such service but are located within ;
one thousand feet of distribution /
line Of another electric supplier, ex-
cept with the consent in writing of
such other electric supplier :"
Under Section 2, misunderstanding
as INDUCED in by Montana Power re-
Gently at Dillon and at Livingston,
would also be frowned upon. Under
this section: Continuation of service
in certain areas: In case an area has
been or shall be included, as a result
of incorporation, annexation, or
within the boundaries of
4 city, town or village, an electric
5upplier furnishing electric service
Or operating electric facilities in such
area, prior to such inclusion. shall
nave the right to continue, maintain I
md operate electric facilities in such
area and to utilize public lands and j
therein for such pur-
rose :" j
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1963-03-15
Roll Calls On Important Issues Before Legislature
House Smothered Good
Pollution Control Measure

Two air pollution control
bills were introduced in the
House, and one in the Senate.
The Senate measure died q
quiet death in the musty upper
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1963-03-15

measures.
One of the House bills Glib 95)
was an adequate, yet reasonable pro-
posal. The other (HB 1861 possessed
few of the ingredients necessary to
even make a start at coping with
the growing problem of contaminated
air in various Montana cities and
towns.
Good, or inadequate, both were
looked upon by the House and the
industry lobby in much the same man.
ner the Devil cottons to holy water.
HB 95, by Tracy, lombard and
Johnson, was based on the California
act which is making it possible to
gain ground on the "smog" problem
in the Golden Gate State, yet not in
anyway hinder industry's incentive
to locate in the fastest growing state.
Supporting HB 95 in the unsuccess-
full effort to secure House backing
for it, in addition to the sponsors, was
Rep. Flynn of smog-ridden Missoula
county.
Leading the opposition to the
bill was Keller of Cascade, assisted
by Missoula legislators, Northey
and Deschamps. (See VOICE of
February 15).
After HB 95 was disposed of. ST.
81, (see roll call below HB 165 by
Northey, Deschamps and others came
up to bat. Although 165 was little
more than an acknowledgements that
there is an air pollution problem in
Montana, and its control board would
have been largely ndustry-dominated,
it engendered as much or more oppo-
sition than did HB 95. Industrial in
5erests were determined that NO air
pollution legislation should be en-
acted, and it suffered the same fate
IS the Tracy bill.
STUDY" PROBLEM
HJR %, by Resell and others,
would have the Governor appoint a
even-man committee to study the
of air pollution in Montana
nd report without recommends
ion" to the 1865 Legislature. Rep.
sosell led the successful fight to kill
lib 165.
For more expert opinion on the
eed of another study see "More
-ir Pollution Study Unnecessary,
lsewhere in this issue.
The roll call on HB 95 was taken
n move by Tracy to overturn a
do not pass" recommendation by
oilers Public Health Committee,
nd have the bill printed and placed
n General Orders for further de-
ate. Those voting "Aye" voted for
Elective, yet reasonable air polu-
ON control under supervision of the
bate Board of Health.
The roll call follows:
For Effective Air Pollution
Control (31)
radfOrd RauudaI
INNINGS Rearden
avis Schepeus
gan Schye
skiIdsen Sheldon
ynn SIaby
BOD Spahr
anks Stranahan
arper Tracy
ealy Twedt
hnson WATT
dye wayryneu
as Welch
wis thinner
mbardi
Against Effective Control (57)
ANS Leuthold
iIey Idicas
.ldwin Imnd
shor Lundgren
am Mathers
OK McNamer
eWett Murray
ughton Nash
enner Nelson
oeder Nichols
sey Northey
I'm Nutting
SChampS Osburnsen
ST Pierce
chart Rexan
Tx enstern Rehberg
rrlSon Reinecke
an Resell
ines Selstad
ughey Seymour
WIS Smiley
zelDaker Spilde
nstad Thompson
,Daru Tooke
III Turnage
kins Weeks
sen Woodland
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1963-03-15
ADVERSE COMMITTEE
REPORT OVERTURNED

private power lobbyists became
busy from the moment SD 1914 was
introduced and were successful in
getting "do not pass recommend
alton out of committee. Lead-off
sponsor Hafferman took the fight to
the Senate floor, and in spite of Wig
orous vocal opposition by Sen. Nc
Elwain (R-Deer LODGE, was success
full in overturning the committees
adverse report and the bill was or
dered printed and placed on General
File for further discussion, 1924.
The power lobby, apparently real
izing that they could not stop 194
in the Senate, laid off, and when the
pressure was gone, the bill went
throuh final Senate passage by
1917 vote. But, the lobby was ready
when the proposal reached the House
committee, and despite the efforts
of Rep. Raundal (D-Petroleum) and
other Democrats to save the bill,
House Republicans assisted by five
back-sliding Democrats, voted down
Park Democrat Harper's motion that
the bill be placed ON General Orders
for further discussion, 1858.
Speaking for 194 in addition to
Raundal and Harper were Reps. Shell
den (D-Lincoln) and Eskildsen ID
Phillips.
Speaking in opposition to Harper's
motion and SB 1874, were Dykstra
(R-Lewis G. Clark, Keller (R-Cas-
cade) and Holtz (R-Cascade).
(For more details ON Senate and
House debate, see VOICE, Feb. s
and Is, and March ID.
MCGOWAN, although a sponsor,
switched positions on the bill be-
tween the making of the successful I
Hafferman motion to override the j
adverse committee report on !
Wednesday, February 6, and when /
the issue was on General File for I
discussion two days later. Nc
Gowan's attack was, as reported in '
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1963-03-15
Territorial Integrity :.
House, Power Lobby Killed
Rural Electric Safeguard

Feb. Is VOICE, Unnecessarily
vitrOlic and an unfounded as
sessment Of the motives Of those
who introduced It. MCGOWAN did
a great disservice not only 20 him
self but TO the vast number of
people who have dedicated years
70 the bringing OF electric power
70 rural areas
The roll call on having SD 194
printed and placed on Senate Gen
sraI File for further debate follows:
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1963-03-15

Work consists of whatever a body
is obliged to do =. Play consists
of what a body is not obliged to do.
TWAIN.
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1963-03-15

win and Manning.
Senate vote on final passage of
SD 1914, after the cheat" was off
follows:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-09

q THE ALVIN SHOW.
Animated Cartoons. David Seville and
the chlpmunks. tRepeat)
1890 q KING LEONARDO.
Kids. Cartoons. Color.
q MIGHTY MOUSE PLAYHOUSE.
Cartoons. "The Last Mouse Of Hamelin,"
and other Stories
HOO q FURY.
Adventure. Bobby Diamond stars. tRepeat.)
q BIG ADVENTURE.
Movie. IVA Hours. Wyoming" 1910.
Wallace Berry
"a cART00NIES.
Kids. Paul Wlnchell, host
q rim TIN TIN.
Adventure. Lee Aaker stars. (Repeat)
ll:30 q MAKE ROOM FOR DADDY.
Comedy. Danny Thomas. (Repeat.l
q BEANY AND CECIL.
Cartoons.
q ROY ROGERS SHOW.
Western. Featuring Dale Evans