davidaulloa/AmericanStories huggingface dataset:
Evening star., 1963-05-10
PERMANENT GUEST
PLAN STARTED
BY SHERATON

BOSTON (DJ.-Shera-
ton Corp. OF America has
started a program TO at
tract commercial tenants
and permanent guests TO
It's hotels.
The hotel-motel chain
has extended the program
TO 10 OF its IS properties
the company said.
AT one hotel. the 1885,
room Sheraton -Kimball in
Springfield, Mass. 36 eec-
ond floor rooms have been
made available under the
program and IL have been
rented TO commercial ten
ants.
other cities where the
plan is being tried in
clude Philadelphia, Provi-
dence, Cincinnati and
Omaha.
Sheraton's overall oc-
cupancy rate has held
fairly steady over recent
years.
Evening star., 1963-05-10
Atlantic Research Sued OverS4,02 ,O0OinStock

Electronics alleged that Allan
tic engaged in transactions Of
ARC common stock registered
on the American Stock Ex-
change from November. 1861,
until July, 1862, to create
actual or apparent active trad
ing in said stocks and affect
the price thereof :or the pur-
pose of inducing the plaintiff
TO purchase stock of
Atlantic =. !"
The suit said the same
transactions were carried out
for the purpose OF taking, fix
ing or stabilizing the price Of
Atlantic stock In contraven-
ton Of SEC regulations.
Evening star., 1963-05-10
Bank Deposits Gain,
While Loans Decline

Deposits Of Washington banks
rose substantially in the week
ended May / while gross loans
declined. data from the Rich
mond Reserve Bank showed
yesterday.
Deposits Of Riggs National,
American Security e. Trust and
National Bank Of Washington
rose to $l,320,696, 900 on May
l, compared with $1,309, $685.
600 a week earlier and $1,242,-
$4,000 on the like 1862 date.
Gross loans declined to $780,
$4,000 on May / from $685.
70l, 1000 a week earlier, but re-
mained well ahead of. $601 $685.
nm q wear 90 arliar
Evening star., 1963-05-10
First Investment
Plans New BUILDING

First Investment Corp. OF
Alexandria has acquired ground
In the 500 block Of King street
in Alexandria and will build a
six-story office building there
with around $4,000 square feet
of rentable space, stockholders
were told at the annual meet
ing yesterday.
The new 7-Story Fidelity
Building was completed in the
last year at 400 North Wash
ington street In Alexandria.
First Investment plans TO move
into other sections Of the
Washington area in the COM
ing year, reported Donald e.
McNary, board chairman and
president. All directors and
officers we're reelected.
Evening star., 1963-05-10
New Code of Ethics Adopted
By D. G. Investment ANALYSTS

ended May 4, the Federal Re-
serve Bank of Richmond re-
ported today.
However. sales for the year
to date remained 6 per cent
higher. The latest weeks VOL
ume also was 4 per cent behind
the preceding week. Sales in
four weeks ended May 4 were
down 2 per cent from a year
ago.
The downtown portion Of the
area sales total for the week
ended May 4 was off 4 per cent
from a year ago snd was only
2 per cent behind the preced-
ing week. -Four weeks down.
town sales were off five per
cent from a year ago, while
those for the year to date were
/ per cent ahead.
Evening star., 1963-05-10
BUSINESS BRIEFS

$50 or $2.74 a share VS.. $685.
899 or $2.42 in 1862 period.
Helene Curtis Inds. in yea
ended February 20 earned ST.
SIG. .349 or 81 % a share VS.. 49,.
2l6.418 or $1.54 in 1862.
Diners Club. Inc, in year end
ed March 81 earned $2.375, 900
or $1.6l a share VS.. l,l35, 900
or n cents in 1862.
Montgomery Ward & Co. In
13 weeks ended May l earned
$2,172,000 or IA cents a share
VS.. 81, ,169,0 900 or IA cents in 1862
period.
StOuffer Foods in 9 months
ended April 80 earned 81 49,
900 or $l.12 a share VS.. 81, ,176.-
TOO or 81 cents in 1862 period.
National Tea Co. in IL weeks
ended March % earned 81 1885,
009 or 10 cents a share VS.. ST.
42s.Sse or 20 cents in 1862
period.
Other earnings included:
Evening star., 1963-05-10
Earnings

kim Royal Dutch Airlines
in 8 months ended March 81
has a loss of sos million VS.,
a loss. of $1l.2 million in 1862
period.
Central Telephone in IL
months ended March 81 earned
$5,843,039 or $1.79 q share VS.,
$4,926,625 or $1.69 in 1862.
Hyster Co. In year ended jan
uary 81 earned $3,7l7.674 or
$685. a share VS.. $2,596,004 or
$2.36 in 1862.
Allied Mills, Inc. In 9 months
ended March 81 earned $2,245,-
Evening star., 1963-05-10
New High Predicted
For Auto Production

DETROIT (AP).-Passenger
car production in the United
States this week will be the
highest of the year, exceeding
the previous high set only last
week by some 5000 cars, Auto
motive News said today.
The trade paper estimated
output at l69,765 cars COM
pared with l63,898 cars last
week. Prior to this furry the
highest week Of the year was
the one ended January IL when
100, ,752 cars were assembled. In
the comparable week a year
ago output totaled l56,972
units.
Evening star., 1963-05-10

A firm located In Illinois.
Television Electronics Fund,
Inc, filed suit In Federal Dis
trict Court, Alexandria, today
charging that Atlantic Research
Corp. failed TO comply with a
contract for the sale OF $4,025.-
900 In ARC stock.
The suit asks that ARC be
directed TO refund the $4,025,-
900 to Television Electronics,
Inc, with interest and costs,
and pay any further relief the
court deems proper.
According TO the suit. Allan
tic agreed on August 4, 1861, TO
sell the shares and register the
salelwith the Securities and Ex-
change Commission.
Evening star., 1963-05-10
TopMen of Hotel Corp.
Toking Cut in Salaries

NEW YORK (AP).-Hotel
Corp. of America. owner Of the
Mayflower Hotel in Washing
ton among others. has yielded
to repeated stockholder COM
plants and moved toward re-
ducing salaries Of top man.
agement.
The major cut was due to
be taken by A. M. Sonnabend,
Sc, who was elevated to the
Craftsmanship from the presi-
dency of the 26-unit hotel
motel chain. Mr.. Sonnabend
received 500, 100 in 1862.
He told the company's an
nual meeting of stockholders
that he would recommend a
decrease to the board Of direc-
tors and that he didn't expect
his son, Roger, 81. who sue.
ceeded him as president anC
chief executive officer, to bt
paid 100000.
The new figures were expect
ed to be $4,000 for the chair
man and $50,000 for the presi-
dent, who earned $4,000 last
year as executive vice presi-
dent.
John j. Bergen, who received
$25. 100 last year as chairman,
was named honorary chairman
of the BOARD.
Since the Sonnabends con-
troll the company. there was
little doubt the directors would
approve the lower salaries.
A. M. Sonnabend told the
stockholder meeting he, his
family and their interests hold
nearly / million Of the 81
million shares of common out
standing.
Its time Hotel Corp. of
America quit the hanky panky
and paid some money Tin divi-
dends) to the stockholders, ="
urged Alphone Bach of Delray
Beach, Fla.
He complained the company
Evening star., 1963-05-10

It's subsidiary, the Pine Ridge
Corp. and Texas Capital In
veStment, Inc. both located in
Virginia. and "misstated the
value OF the assets and liabil-
tiles of Atlantic" for a period
ending December 81, 1860.
Asserting that Atlantic also
concealed transactions" II
made from January /, 1861,
until August 3, 1861, impairing
the financial condition Of the
research firm, the suit said,
Atlantic knew that the plain
TIFF would be misled as 10 At
lantic's financial condition"
In another count, 1eleeision
Evening star., 1963-05-10

Bank Clearings in 26 leading
cities in the week ended May 9
totaled $34.11l,344,00O. dowr
9 per cent from the previous
week, but UP II per cent from
the like week a year ago.-Dun
& Bradstreet.
Rail Freight LOadings in the
week ended May 4 totaled $780,
98l cars, UP 2.5 per cent from
the previous week and up 6
per cent from the like week a
year ago.-Assn. of Amer. Rail-
roads.
Evening star., 1963-05-10

The suit contends that At
lantic failed TO secure effec-
tive registration" OF these
stocks with the SEC. The plain
tiff said further that Atlantic
had admitted In writing last
year that It's registration Of the
shares was inadequate and in
accurate in certain particulars" ."
Television Electronics, which
is incorporated in Delaware al
though located In Illinois. as
serted II demanded a refund
from ARC but was not reim-
bursed.
The suit also charges that
Atlantic concealed the true
relationship between itself and
Evening star., 1963-05-10
Insurance Women
Elect New Officers

Mrs. Marguerite N. Carroll,
assistant vice president Of Fed
eral Services Finance Corp.
has been elected president OF
the Insurance Women's Club
Of Washington.
Other new officers include: /:
Mrs. Rita j. Thomas, Elicit g.
Short, Inc. first vice presi-
dent; Mrs. Alta Carlson, Chubb
g. Son. second vice president: :
Mrs. Emelia Mihm, Randall H.
Hagner Co., recording secre-
tary; Mrs. Marie d. Talbot.
Weaver Bros, corresponding
secretary, and Miss Clare Dunn.
America Fore loyalty Group,
treasurer.
The new officers will be in
stalled at a Touchdown Club
dinner Monday night.
Evening star., 1963-05-10
Sufewuy Sales
Show so Gain

SAN FRANCISCO CDJ. -
Safeway Stores, Inc. sales are
UP about 5 per cent from 1862
and profit is showing a better
gain. Robert A. Mcgowan,
chairman, told a meeting OF
San Francisco security ana
lysts. He declined TO specify
the profit gain.
Evening star., 1963-05-10
Litton Industries
Earnings Up Sharply

Net income Of Litten In
dustries, Inc, approximated SIT
million or $l.67 a share after
taxes In nine months ended
April 80. a Jump Of more than
43 per cent from $ll $4,000 or
SLIT q share a year earlier,
Board Chairman Charles B,
Thornton told the New York
Society Of Security Analysts
last night.
The firm, which has facilities
and stockholders In this area,
had estimated sales OF S402
million in the nine months. a
gain OF as per cent for $274.-
$4,000 a year ago.
Evening star., 1963-05-10
BY DONALD B. HADLEY
star Financial Editor

The Washington Society Of
Investment Analysts last night
adopted a code of ethics out
lining public responsibilities of
its members and tightening
admission requirements.
The code is similar to a rec
commended form adopted by the
Financial Analysts Federation,
of which the Washington So
ciety is a member and provides
for expulsion of members fail
ing to comply.
The analysts thus joined a
Nationwide drive of firms en-
gagged in the investment busi-
ness to weed out persons mis-
leading investors With false
tips, exaggerations and false
hoods about the condition of
companies selling securities
publicly.
Much of the steam for the
drive came from the recent
Securities and Exchange Com
mission criticism of these prac-
tices, but responsible members
in the industry also are anxious
to maintain a firm basis for
public confidence.
Misrepresentation Barred
"The analyst should always
maintain objectivity in opin-
ions expressed, avoid careless
ness and never resort to ex-
aggeration, Misrepresentation,
high pressure or extrayagant
claims" the code states.
"He should always maintain
q sense Of public responsibility
and fairness and never with
out full disclosure enter into
any personal or other arrange
ment which might impair his
ability to render unbiased and
objective service or create a
conflict of interest. He should
be guided in all of his profess
sional activities by the strict
standards Of rectitude which
bind persons who occupy posi-
tions Of trust.
Corporations and others
furnishing information to the
investment analysts have q
right to expect that any ma
terial so furnished will be re-
ported accurately and not be
used in any inappropriate or
unethical manner, or for any
unfair personal advantage OF
the analyst or his organization.
Information given the analyst
on a confidential basis should
be treated as such"
Penalties Provided
Where breaches Of the code
of ethics occur. the executive
COMMITTEES is empowered to call
the offender before 1t to hear
the accusations and give him a
chance TO defend himself. Dis
ciplinary action may include
warnings, censure. temporary
suspension Of membership priv
ileges or expulsion. Action can
only be taken by a two-thirds
vote OF the committee.
Horace c. Buxton, jr., re-
search manager for Auchin-
Gloss, Parker a. Redpath. was
elected society president to
succeed George M. Ferris, jr,
OF Ferris a. Co.
Mr.. Buxton has been with
the securities firm since 1854
and has degrees from Bowdoin
College and the Harvard Bus
ineS School. Before coming
here he was an analyst for
Evening star., 1963-05-10
AMEX Board Approves
Central CHARGE Listino

Central Charge Service, Inc,
of Washington, will have its
stock listed on the American
Stock Exchange, effective with
in three weeks.
The exchanges Board II
Governors approved the appli-
cation for listing yesterday and
notified j. P. Stakeholder
nresident of the firm
Evening star., 1963-05-10

E. F. Hutton & CO. in New York
City.
Other new officers include
Leslie Douglas of Folger, Nolan
Fleming g. Co., vice president;
John A. Washington of Alex
Brown & Sons, treasurer. and
Peter j. Mclaughlin of Ma
tional Savings and Trust Co.,
secretary.
In addition to the officers,
members of the executive COM
mittee include: B. Bruce
Frantz, American Security &
Trust Co.; Amerst E. Huson,
Securities and Exchange Com
mission; Gene L. Pullia m,
Riggs National, and Howard M
Tucker. Mackall AZ Coe.
Evening star., 1963-05-10
Area Store Sales
7 Pct. Behind 1862

Hampered by unSeasonably
cool weather, department store
sales In the Washington Metro
politan Area Jagged 7 per cent
behind a year ago IN the week
Evening star., 1963-01-28
WILLIAMS. WHITE
The PoIiticoIPeriIs of Foreign Aid

Foreign Relations Commit
tee of the few public men in
the country who have been
right about Castro Cuba
from the start, Senator
George Smathers of Flori-
da. Smathers' crime? Why,
he does not support the
President on every little
domestic issue that may
come up.
The ultra-liberals are
highly unlikely to be able to
bar either Dirksen or Sma-
theirs from earned commit
tee advancement. The mere
fact that they have set off
upon these absurd and ju-
venile vendettas, however,
will surely do nothing TO
promote bipartisan foreign
policy unity in a world in up
heaval everywhere. The
President himself could do
worse than to call off these
frantic advocates of a total
conformism at the cost Of
what really matters--the
proper, or bipartisan, conduct
Of foreign policy.
Copyright, 1963)
Evening star., 1963-01-28
DAVID LAWRENCE
Will Tax Plan Boomerunq?

creases would be feasible
without any substantial price
increases. For 1t is the vol
ume of business and q higher
gross income which are the
most important elements that
need stimulus in the economy.
Thus, a lot is heard about
the expected tax cut for cor
porations. But 1t involves
very small sums which would
hardly stimulate increased
expenditures for plant and
equipment. A company, for
example, that makes 81 ,000,-
900 a year now pays the
Government 50 per cent, or
$500, 900, in taxes and re-
tains $480,000. Under the
changes proposed by the
administration, this corpora
ton, three years from now,
would have a Al per cent rate
and would be paying the
Government $470,00O. This
would mean a saving of about
$4,000 on present taxes.
Wouldn't any corporation
prefer to see the present So
per cent retained II somehow
in lieu of 1t the administra-
ton could pursue economic
policies that would allow the,
corporation to make $2,000.-
900 in gross profit a year,
from which the Government
would get $1,040,000 and the
company would retain $780,
900? What company wouldn't
rather have $960.000 q year
under existing rates than
only $470,000 under the new
rates?
So 1t isn't the tax rate but
the capacity to earn more
income that counts. And If
most of the 100000 citi-
zens are going to have only
trifling sums more to spend
each week, While prices be-
come inflationary because of
the big dificits. then a sub
stantial number of voters are
likely to lose their enthu-
siasm for the so-called tax
cut" being soffered them. To
make larger tax cuts, on the
other hand, would only COM
pound the problem.
Members of Congress will
have to take a careful look
at what they are doing on
both. taxes and deficits If
they expect reelection in
1864. and, of course, all this
win affect President Ken
nedy's chances for re-elec-
tion,. too.
Copyright, 1968 g,
Evening star., 1963-01-28
JENKIN LLOYD JONES
NobIeness That Sank the Empire

trations it is not remarkable
that a lot Of Englishmen are
screaming at their American
cousins. They are burned by
Dean Acheson's kindly but
undiplomatic west Point
speech in which he pointed
out that Britain has not yet
found its role in a changing
world. They are furious about
the Skybolt cancellation. The
London popular press has
sounded as though it were
ready to charge up Bunker
Hill again.
But these are mere thrash
ings. Let us remember that
the British Empire was the
only empire in history that
actively promoted ideas that
made impossible its own sur
vival. 1t buried itself under
its own concepts of freedom
and law.
The whole world is richer
for it.
Copyright. 1e6s)
Evening star., 1963-01-28
POTOMAC FEVER
By FLETCHER KNEBEL

White House ode: All hail to ally. De Gaule so
sturdy and handsome and tall His friendships loyal his
palship royal we don't need enemies at all.
Clarence Cannon Congressman for 40 years. says he's
Federal budget that couldn't be cut And
fewer that
Republicans will honor Senator Godwater with $100-
apate dinner Since the probably will be spent to
elect Rockefeller President Godwater regards the
less Embarrassing than hair-raisng.
The Government didn't do right by James Meredith 1t
called out the Army to get him into Ole Mssbut forgot to
let the Navy take the exams for him.
Blacklist chapter in history industrial revolution
Ever since it's been nothing but work. work, work.
JFKs cuts win public approval The cuts are good
for the rich and good for the good for everybody
in the middle who's about to become one or the other
Evening star., 1963-01-28

methan. an animal anesthetic
which is known to produce a
certain number Of cancers
when given in an established
dose.
other mice were given not
only urethan but their throats
were painted five times a week
for six months with a solution
of cigarette tars.
The second group developed
many more lung cancers than
did the first group, the society
said. and with the tars added
it was as though SO times the
actual dose of urethan had
been given to the mice.
The second study, like the
first supported in part by tht
society, was undertaken b.
Drs. Joseph A. Dipaolo anc
Paul r. Sheehe.
Evening star., 1963-01-28

reeled under want and
horror.
But more assailed the Brit
ish Empire than economics
and war. You might say it
was killed by its own noble
ness.
This Is hard FOR Americans
to realize, brought up as we
are to curse the. ghosts of
George III, his tax collectors
and his HeSsian mercenaries.
But no world power, until
the British came along, was
bothered much by conscience
and principle.
The British were. They
may have been arrogant, but
they rationalized their arro-
gance with "the white Iaan's
burden" They were greedy,
but British missionaries fol-
lowed the Lancashire calico
into the jungle. They seized
power from native princes.
but almost without exception
exercised that power with
greater justice and wisdom.
In short. even in its palmiest
hour, the British Empire was
capable of introspection and
self-accusation.
While French philosophers
Of the nth and 18th CEN
turies talked about the Age Of
Reason and the dignity Of
man. the British did seme-
thing about them. The Amer
ican Revolution was born out
of the ideas of Locke and
Berkeley, the Pitts, Edmund
Burke and Tom Paine-all
Englishmen. And the infec-
ton spread. Colonials from
all over the world came TO
British universities and went
home to become revolution
aries. England was properl,
called the mother of parlia-
ments."
So the Empire is now shat
tered and the Commonwealth
is a shadow. The United
Kingdom finds itself, once
more. an island off the shore
of a continent. 1t is being
drawn, like a small moon.
into the orbit of the Common
Market. but Charles de
Gaulle, acting as though he
seeks revenge for Waterloo.
is determined to treat the
British application for mem
bership with contempt.
In the face of these frus-
Evening star., 1963-01-28

There are 100000 tax
payers who earn between
$4,000 and $4,000 a year.
How are they going to feel
when they learn that the ad-
ministration's proposed tax
cut" would mean an average
saving Of about $l.56 a week
during the next three years
for a married couple with
two children. A couple with
out children would not really
fare any better. This could
turn out to be a political
boomerang If the Presidents
three-year program isn't
materially changed.
For, based on a calculation
made in an Associated Press
dispatch, the total savings
on taxes during the next
three years for individuals in
the $4,000 to $4,000 cate
CORY are to be surprisingly
small. Stanley Meisler, who
wrote the AP article, took as
a typical example a married
couple, one of whom earned
$4,000 a year and the other
$4,000, so that their COM
bined income amounted to
$500 a year. He figured the
exemptions for two children
and estimated the usual de-
ductions for normal expenses.
TIE concluded that for each
OF the next three years, be-
ginning with 1868, there
would be a $46 reduction in
taxes. followed by $28 more
for each of two years, plus
a $50 reduction for the third
year, or a total Of $244 saved
in three years. This is an
average saving of $8l.33 for
each year. 1t amounts to
$l.56 a week or 78 cents each
for the man and his wife.
But, unhappily, they can't
keep that sum. Social Sc
curity taxes aren't deductible
and, Of course, were not in
cluded in the Associated
Press Tabulation. A new So
cial security tax, moreover,
has just gone into effect
amounting to $24 a year, SO
it brings down the combined
saving from $81.33 to $57.33
a year. This means in reality
$1.l0 a week for the couple,
or only IS cents a week for
each Of them, in tax savings.
This isn't all either, be-
Evening star., 1963-01-28
Smokers Urged to Cut
Puffs Per Cigarette to 4

BUFFALO, N. Y, Jan. %
(AP).-Cigarette smokers will
run a lowered risk of lung
cancer If they will limit them
selves to about four rapid
puffs right after lighting up,
the American Cancer Society
said today.
That is, the society said, If
the smokers do not compen-
safe by consuming more Gig
arettes than they would If they
observed q more leisurely
smoking pattern.
Tars Concentrate
Three investigators, Mrs.
Saxon Graham, Morton L.
Levin and Shirley Crouch,
measured the amount of tars
deposited by inhaled smoke as
a cigarette is consumed. Ma
chimes did the smoking and
tar intake was measured at
each stage of a cigarettes
consumption.
AS the butt became shorter,
the society said, more and more
Evening star., 1963-01-28

tars concentrated in the in
hailed smoke.
The Investigators had de-
termined through careful OBJ
servation of smokers that three
distinct patterns Of cigarette
smoking exists, the society
said:
1. Regular puffing-the in
halation of smoke at regular in.
tervals from beginning to end
2. Early puffing-taking mos
drags at the beginning and ther
tapering off.
3. Late puffing-light smok-
ing until the butt has burned
short, then a number of puff'
before putting the cigarette out
Proves Safest
OF the three patterns, tar
measurements showed, early
putting proved to be the safest
regular putting was second and
late putting yielded the greatest
amount Of tars.
The safest thing to do is not
to smoke at all, the society said
Evening star., 1963-01-28

Data from the experiments at
Roswell Park Memorial Institute
show that all cigarette smokers
regardless of amount or
method Of smoking-run a risk
of lung cancer SIX times higher
than that of non-smokers, the
society added.
The tobacco industry has long
contended that a cause-and-
effect relationship between
smoking and lung cancer has
yet to be proved.
Experiment With Mice
A second experiment at
Roswell Park, the society said,
indicates that cigarette smoke
contains an element which
multiplies the potency of a
ycancer-causing chemical more
than 50-fold.
Mice were injected in the
belly with varying doses of