davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11
Socony, VIC Chemical
Announce Merger Plan

NEW YORK CAP).-Socony
Mobil Oil Co., Inc, and Vir-
ginia- Carolina Chemical Corp.
are making plans for a merger,
the two firms have announced.
Under proposed arrange
ments, IL shares of Socony
Mobil common would be issued
for each outstanding share of
Virginia. Carolina, a Richmond,
Va, firm that produces phos-
phate-related chemicals.
Details of the merger have
not been worked out and ap-
proval of both boards would
be required, the firms said.
The VIC board is scheduled
to meet in Richmond at 10
am. tomorrow.
Rumors of the sale Of VIC
to a major oil company, or a
possible merger with another
firm, have circulated in Rich
mond investment circles for
about three months.
V-C's mineral division has
"a plants throughout tn e
Southeast with a few in the
Midwest where the fertilizer
market is growing steadily.
VIC sales have been steadily
rising in the last 10 months.
Net sales rose to SCI, 309, 1886
during the nine months ending
March 81, an increase of more
than $6.5 million over the same
period a year ago.
Net earnings after taxes were
81, 765, 431 compared with
81, 648, 929 in 1862.
Virginia Carolina produces
phosphate rock, mixed COM
mercial fertilizer materials,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11
BUSINESS
BRIEFS
BituminOus Production in the

BituminOus Production in the
week ended August 3 totaled
100000 tons compared with
9,485,0 900 in the previous week
and 1927, in the like week
a year ago; for January 1-Au-
gust 8 output was about 1884,
442 900 VS.. 243,849,000 a year
ago.-National Coal Associa-
ton.
Crude Petroleum Stocks, do
nestle and foreign, totaled 254,
668,000 barrels on August 8,
down $4,000 for the week.
Bureau of Mines.
Retail Sales over the nation
in July totaled $40, 720, 900, 900
after seasonal adjustment COM
pared with $40, 481 100000 in
June and $19,761, 900, 900 in
July. 1962.-Commerce Depart
ment.
American National Bank g.
Trust Co. Of Chicago proposed
a 10-for-1 stock split and an
increased dividend rate on the
new shares. Holders will vote
on the proposal on August 20.
u. S. PlywOOd Corp. and Nc
Cloud Lumber Co. announced
an agreement had been reached
for the purchase by U. s. Ply
wood Of all the assets Of Nc
Cloud Lumber for a sum in ex-
cess of $40 million.
st. Joseph Stock Yards and
United Stockyards Corp. and
three other stockyards in the
Midwest announced a merger
with a stated capital Of 81, 201.-
070. Each Of the firms will
continue operations as divi-
sions Of United.
Sterchi Bros, Inc, July sales
totaled $1,432,70 up 10.1 per
cent from 1862; for 5 months
$7.547,156. up 81 per cent from
1862.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11
By DON BACON
Star Business Writer

A group of college students
grappled this week with two
questions that have defied an
swers through the ages: What
are profits, and what should be
done with them?
In seeking answers to the UNI
anSwerable, they wisely asked
the assistance of seven spe-
cialists in business economics
representing Government, la
Dor, religion and business itself.
The result: Nothing conclu-
sive, OF course. But from nearly
five hours Of discussion, ex-
tending over two evening ses-
sions, came a torrent of fresh,
intriguing thoughts that help
to point up the growing con-
troversy over this perplexing
subject.
The class was Special Ethics
008 at Georgetown University.
The occasion was the third an
nual seminar on the Ethical
Aftermath of Profit, held last
Wednesday and Thursday
nights at the Edmund Walsh
Building on campus.
The speakers, with their d.
verse backgrounds and ale
giances, ranged widely in their
views of profit.
In fact, a simple definition
of profit proved as elusive to
the speakers as profit often is
to the businessman trying to
make some.
1.-THE public thinks profit is
the amount of money left over
after a company has paid its
expenses for the year." COM
mented the first speaker, John
O'Neil, chairman of the fl
nance committee at General
Tire g. Rubber Co. Nothing
could be further from the
truth"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11
Bendheim to Head
Bank in Alexandra

Leroy s. Bendheim, former
Alexandria Mayor and I'M
opposed Democratic nominee
for the State Senate, is presi-
dent of the Colonial National
Bank of Alexandria.
Mr.. Bendheim was elected al
the organizational meeting ir
the George Mason Hotel al
which Moreland H. Smith was
named executive vice president
Henry Ran, vice president, and
Richard H. Wilson, jr., cashier
Directors named were Mr.
Bendheim, Herbert s. Billowitz,
James w. Blackburn, Marcus
Cohn. Stanley Dreifus, George
a.. Hates. jr.; DR.. c. Albert
Hudson. Carl L. Lindberg, FL
eanor B. Nugent, Mr.. Rau, Gen
Harry H. Vaughan and Edward
A.sWoolf.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11
sChiIIum Gardens
Financing Placed

: James w. Rouse & Co., Inc,
mortgage banking firm, has
announced the placing Of a
S1.4 million loan with the
Chase Manhattan Bank of New
York for the financing of the
Ghillum Gardens apartments
in Prince Georges County.
Owned by Nick Basiliko and
Jerry Wolman, Chillum Gar
dens is a garden-type develop
ment containing 1874 units.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11
Reisinger Plans
New Restaurant

Emory W. Reisinger II, owner
Of The Place Where Louie
Dwells, has leased the food and
beverage facilities of The
Dodge House, 20 E street NV.
according to an announcement
by Norman Bernstein, presi-
dent of Columbia Realty Trust
The lease, issued to a cor
poration headed by Mr.. Resin
ger, is effective August IL. The
new organization will also pro-
vide management consultant
services in the food and
beverage field and lease ad-
ditional facilities, the an
nouncement said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11

multiwall paper bags and phos-
phorous-related industrial and
agricultural chemicals. It also
markets certain fertilizer ma
terials made by others. I
Socony Mobil and Virginia.
Carolina both closed at 10 on
the new York Stock Exchange
on Friday. With more than 1
million shares involved, market
value of the transaction would
aggregate $40 million.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11
Rouse, Brewer
ToMerge With
n. Y. Broker

The Washington investment
company Of Rouse, Brewer,
Becker g. Bryant, Inc, is soon
to be merged with Reynolds 81
Co., Nationwide investment
firm with headquarters In New
York, it was made known yes
terday.
Reynolds g. Co. announced
from its main offices at 100
Broadway that the proposed
consolidation would be consum-
mated on September 3. 1t added
that employees of the Washing
ton firm are expected to remain
with its offices and become
part of the Reynolds organiza-
ton.
Headquartered In the WASH
ington Building at Fifteenth
street and New York avenue
NV, Rouse, Brewer, Becker &
Bryant has branch offices in
Alexandria and Arlington, Va,
with a staff Of about 80 regis
tered representatives. The firm
recently closed other branch
offices in Mclean, Va, and
Silver Spring and Annapolis,
Md.
A correspondent of Reynolds
& Co. since 1858, the Rouse,
Brewer, Becker & Bryant or
ganization holds memberships
in the New York Stock Ex-
change and other leading ex-
changes. Its services include
underwriting and distributing
corporate and municipal secu-
rites, with special emphasis on
making primary markets for
securities of the Washington
area.
Because both are members Of
the New York Stock Exchange,
the merger agreement will have
to be cleared by that organi-
zation.
Reynolds currently has no
Washington office. One Of the
Nations biggest brokerage
houses, 1t recently began a
major expansion program. Part
of this program included the
acquisition last May of the "a
Florida offices and Detroit Of
flee Of A. M. Kidder & Co.
After its merger with the
Washington firm, Reynolds
says it will have approximately
600 account executives in more
than so offices across the
country.
The Washington firm, formed
originally in 1850, is the result
of a merger in 1858 between
Rouse, Brewer & Becker and
another area securities firm,
Bryant & Co. of Alexandria.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11

panies, the plan is conditioned
upon obtaining the approval
Of stockholders, vest erday's
announcement said. Both COM
panies are calling special meet
ings for this purpose during
the week Of August 10.
Under the plan, Federal
Storage will contribute all Of
its assets, together with certain
warehouse properties 1t is ac-
quiring in Alexandria. Security
Storage will contribute virtu-
ally all Of its assets except its
main office property on Fiji
teenth street between L and M
Streets NV. The combined
operation will have assets in
excess Of 81 million and a net
worth of almost SO million.
Security Storage's main Of
flee will be leased on an interim
basis to the combined opera
ton. Since the combined oper-
alton also will be using Secur-
tty Storage's name, the origi-
nal company name will be
changed to Security Assets
Corp, operating primarily as
an investment company, hold
ing real estate and securities.
The shares of the combined
operation which Security As
sets will receive for its con-
bribution thereto, about 81 per
cent of the total, will be held
BY it as an investment.
Mr.. Morris, president of Fed
e,al Storage, will be chairman
Of the board of the combined
operation while Mr.. Gore will
BE president and chief execu-
i've officer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11
Bonkshores Declares
Quarterly Dividend

The board Of directors OF
United Virginia Bankshares
Inc, has declared a quarterly
dividend of 80 cents a share
on its 1,474,610 shares of com.
nom stock outstanding. The
dividend is payable October
to stockholders of record Sep
TENDER 10.
Consolidated net operating
income after taxes for the cor
poration and its six member
banks for the six months
ended June 80 was reported al
81, 677, 667, equivalent to $1.14
a share based on total operat-
ing income of $9,947.978.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11
Two DC. Companies
Offerings Barred

The Securities and Exchange
Commission has announced the
entry of a District Court order
permanently enjoining, on de-
fault, two Washington oil and
gas lease companies from Of
fering stock for sale to the
public. B.
The commission had charged
that the stock offered by the
Petroleum Lease Corp, Petro-
.leum Properties Corp. and their
president, James s. Richards,
had not been registered as re-
quired by the Securities Act
of 1888.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11
Woodward & Lothrop
ANNOUNCES Dividend

The board Of directors Of
Woodward & Lothrop, Inc, has
announced a quarterly dividend
Of, SIPS per share on the pre-
ferred stock and 80 cents per
share on the common stock.
Payable out of surplus earn
ings of the corporation, the
dividends will be paid Septem-
Der 20 to shareholders of rec
0f-d September 4.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11
New Bunk Branch

Controller Of the Currency
James ]. Saxon has announced
his approval Of q bank branch
to be established at Philadel.
phia avenue and Fenton street
Silver Spring, by the American
National Bank Of Maryland.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11
40-StoY Building
Planned in AtIuntu

ATLANTA, (AP)-Plans fol
a 40-story bank and office
building, termed the largest In
the Southeast, were announced
by the First National Bank Of
Atlanta.
The new structure will ccupy
the one-acre site Of the Peach
tree Arcade and will be Joined
to the present 15-story First
National Bank Building. The
compined structure will exceed
/ million square feet.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11

The bank has contracted to
buy property at Duke and
Washington streets, Alexan-
dria, on which a building will
be erected. Meanwhile, plans
are going forward to open for
business in a trailer to be To-
Gated on the property by Sep
tember is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11
Security Storage
And Federal Plan
To Join Operations
Combined Facilities Creute
One Of Areas Largest Units
BY CHARLES COVELL
Star Business Writer

Plans to combine the operations Of Federal Storage
and Security Storage Co. into what would be Of the largest
moving and storage companies in the Washington
been announced jointly by the two presidents E. K Morris
and Philip I. Gore.
The company would operate under the name of the
Security Storage Co. II.
While approved by the boards Of directors Of both
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11
Earnings

Pepsi Cola Co. In 6 months
ended June 30 earned 1892, 900
or Sl.22 a share VS.. 1891, 900
or SLIP in 1862 period.
s. II. Kress & Co. in 6 months
ended June 81 earned $245, 722
or IL cents a share VS.. 1907, SOL
or 13 cents in 1862 period.
Other earnings included:
Fer Months Ended June 20
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-11
D. c. SECURITIES

Fridays closing quotations on Wash
ington stocks listed on the Philadelphia
Baltimore Washington Stock Exchange:
Jackson advocate., 1963-10-19

Tweeds, Fine Worste d. and
Blends. PIaids and Solid Colors.
All Sizes. Special Prices during
our Anniversary Sale.
Jackson advocate., 1963-10-19
MEMS fine

Hundreds Of Fine Quality Fall
Suits in Fine Worsieds and Blends
Of Wool and Orion. New Fall
Patterns and Solids. All sizes.
Jackson advocate., 1963-10-19
Two BASEBALL,

Continued From Page One)
star was sued under his legal
name, Charles Curtis, here
Tuesday.
Mrs. Flood charged the star
caused her grievous mental
suffering. The Floods were
married on Feb. 13, 1859.
On the same day up In
San Francisco Cepeda filed
for divorce against his wife,
Mrs. Anna Cepeda, charging
cruelty.
Several hours later Cepeda
withdrew the charges and the
couple kissed and made up.
The Cepedas were married
in Puerto Rico Dec. 4, 1860.
Jackson advocate., 1963-10-19

cution and conviction, for en-
forcement Of discrimination a.
gainst Negroes seeking service
in public businesses.
These cases, like others before
the court the past two terms,
had their origins in Green's
boro, N. c., on Feb. l, 1860,
when Negroes attempted to OBJ
tain treatment equal to that
afforded whites in such public
accommodations as food, trans
portation, entertainment and
recreation.
Jackson advocate., 1963-10-19
Becu Urges ActiOn
In Dominican Coup

Brussels-Immediate action
to restore democratic insti-
tutions in the Dominican Re-
public was urged by Gen.
Sec. Omer Becu of the Init.
Confederation of Free Trade
Unions in a cable to Sec.-
Gen. Jose A. Mora of the
Organization of American
States.
Becu told Mora that the
world free labor movement
was "deeply disturbed" by the
coup (which Overthrew the
truly democratic regime that
freed the Dominican people
from a generation-old tyr
amy"
The cable confirmed a sim
liar appeal to the OAS by
the Inter-American Regional
Organization of Workers
(ORID, western hemisphere
arm of the ICFTU.
Jackson advocate., 1963-10-19
Powell

Continued From Page One)
tional organization with a
second headquarters in the
North. The present head
quarters Of the SCLC is in
Atlanta.
Powell, as outspoken as
ever, saying that he was of
fering the proposition be-
cause he was convinced that
the "Black Revolution" has
not reached the masses of
Negroes, despite the efforts
of present civil rights organ
izations, including the SCLC,
the NAACP, The Congress OF
Racial Equality and the Stu
dent Non-violent Coordinat-
ing Committee.
Jackson advocate., 1963-10-19
Sit-In Case -.

Continued From Page One)
onstrations in Maryland, Flori-
da and South Carolina.
The major question facing the
court is whether the state may
constitutionally use it's police
power, including arrest, prose-
Jackson advocate., 1963-10-19
Three

Continued From Page One)
tion brought 180-day Jail SEN
tences and 100 fines for R. E.
Chambliss, SO; John Hall, SO,
and Charles eagle, %. eagle
was tried Tuesday.
None of the defendants spoke
and all were released on appeal
bonds of $500. The convictions
Jackson advocate., 1963-10-19

hit by a blast.
Bought Dynamite
Chambliss explained, accord
ing to a statement from him
read by State Chief Investiga-
tor w. R. Jones, that he bought
the case of dynamite to blow
out stumps and a basement for
building to be constructed for
the Ku Klux Klan.
Deputy Fire Marshall w. E.
Berry testified that none of the
three men had a permit to buy
dynamite.
Jackson advocate., 1963-10-19
Los Angeles 80.

Continued From Page One)
marked with scratches and
cuts. He had a split lip, a
swollen mouth and a black
ened left eye.
One of his friends, among
the last to see him alive Mon
day and who found his body,
told police DR.. James was in
a fight Sunday. He said the
doctor was despondent be-
cause hs didn't want to 90 to
work at the hospital with a
bruised face.
Jackson advocate., 1963-10-19

were the maximum penalty for
violating the dynamite act.
In an alleged confession read
into the Hall trial, the man was
quoted by Capt. Willie B. Pain
ter, state investigator, as
saying he and eagle took case
of dynamite from Chambliss'
car the night of Sept. a, the
same evening that Negro at
torney Arthur Shores home was
The Detroit tribune., 1963-05-25
Rowser Looks
Great For U-M

ANN ARBOR, Mich, Analy-
sis of personnel and greater en-
7hasis on blocking and tackling
we're major detectives achieved
in Michigan's spring football
practice. concluded recently,
Bump Elliott said.
We feel that we made pro.
'ress toward the detectives we
set out with at the beginning of
spring practice" Elliott said. The
Wolverines worked actually 19
lays of the 20 allotted, because
inclement weather the last week
made it impossible to get in the
full time.
I'VE made our greatest pro.
gress defensively in the time
'vailable" Elliott added. I'm
sure we'll be considerably strong
er in the line than we were a
year ago. Extensively, we still
lack the breakaway speed, and
we have a real job to do in gett-
inc our offense ready for next
fall"
The Wolverines began prac-
tice with 115 candidates and had
more than 80 still active as the
campaign reached its conclusion.
A cheering note in the often
sive picture was the showing of
the fullbacks. Mel Anthony jun
ior who was injured last year;
Wayne Sparkman, a senior, and
a surprise newcomer, Charles
Barry Dehlin of Flushing, an
incoming sophomore who stands
5-11 and weighs 1875. Rick Sugar,
a prospective sophomore half
back from Niles, o.. Dick Wells
of Grand Rapids, and John Row.
ser of Detroit, also showed pos
sibilities. Bob Quist, fullback
from Grand Rapids, was injured
part of the time. He may be
shifted to right half.
The Detroit tribune., 1963-05-25
Ernie Moore To
Be Co-(aptain

WICHITA - Forward Wayne
Bull Durham, 81 senior from
Enid. Okla. and $40 guard Err
ME Moore. senior from Kansas
City. Kan. were named co-cap.
tains of the 1928 University
of Wichita basketball team by
a team vote, coach Ralph Miller
said
Durham, who scored at a 9.5
clip during the past season. eli
NAKED his collegiate 'areer by
playing in the annual East-West
Shrine All-Star game in Kansas
City last month Moore. one of
the games top defensive guards
and lawmakers last season. scor-
ed at an Ill pace for the Shock
ers.
Dave Stallworth, 81 All-Amer-
ican from Dallas, Tex. was nam
ed Most Valuable Player by his
teammates Big D. broke five
school records during 1928.
Cincinnati, Bradley. Texas Yves.
tern and Arizona State placed
members on the Shockers' All
Opponent team Named were
Ron Bonham and Tom Thacker of
Cincy Mack Herndon of Brad
ley. Jim Barnes of Texas Wes-
tern and Arizona States Joe
Caldwell. Reading like a who's
who" of college basketball, all
of the members of the team eth
or made All-America recognition
or came very close.
Barnes. who scored 19 points
and collected II rebounds as
WI edged the Miners 60-58. and
Caldwell. with II points and II
caroms as WI won 92-90 over
the Sun Devils, tied in voting
for the Outstanding Player met
last season.
Arizona State, ranked third
nationally, was named as the
Toughest Team faced by the
Shockers last season.
The Detroit tribune., 1963-05-25
Midwestern AAU Judo Championship

The 18th Annual MIDWEST.
SRN A.A.U. JUDO CHAMPION.
SHIP sponsored by the Detroit
Judo Club. will be held at the
University OF Detroit Memorial
Gym Saturday. June 1. 1863.
Over $50 contestants from
more than Is states and Canada
will compete in the preliminary
matches beginning at IL am.
Following the eliminations, top
nationally known Black Belt ex.
erts will complete in the champ
5nship matches, this newest of
LYMPIC SPORTS. The final
'atchcs will begin at TOO pm.
Officials will include former
'orld Judo Champions Messrs.
ishikawa and T. Daigo (both
N degree Black Belts), Mr.. M.
Turata. 5th degree and three
me All Japan Police Champion,
nd Mr. John Osaka, 9th degree,
orner Pan American Champion.
J tries from Ohio State. Uni
rrsity Of Chicago, Michigan
tate u Of NJ. US Marine Corps.
'tratigic Air Command, etc. will
. represented in this, the larg-
'st Judo tournament in the coun-
ry.
Highlights of the three-hour
championship event will be ex-
libitions in self-defense, boys
competition (from 6 to l6) and
'ormal demonstrations by the
World Champions.
FOR ADDITIONAL INFORMA.
TON, Mr. Donald Pohl, Secre-
tary 4444 Joy Road Detroit 4,
MICHIGAN, Phone, TY. 5-4444
TY. 5-2495.
The Detroit tribune., 1963-05-25
Packers Go For 10th Straight In A|IStar Opener

NEW YORK. NY. A 35-
game preseason schedule, in
cluding two doubleheaders. has
been completed by National Foot.
ball League teams. Commission
er Pete Rozele announced today.
"The clubs have worked out
one Of the finest schedules in
years" Rozelle said. III certain
ly has the potential to match
our record-breaking 1862 pre-
season attendance.
A year ago, the NFL played
before record l,070,725 fans
in the preseason.
In 1903. there will be two less
dates (35 to 33) and one less
game C36 TO 35). The reduction in
games is a result of ST. Louis
and Washington scheduling only
four games each, and the furth-
er reduction in dates is because
of the added doubleheader, in
New Orleans on Sept 7.
The Cleveland Browns. who
pioneered the doubleheader in
pro football before a crowd of
1858 last August. will host
two games again this year on
Aug. IL. The pairings are De
troit against New York and Bal
timCre VS.. Cleveland
Baltimore and Detroit will al
so play in the New Orleans
double header. The Colts meet
Chicago, and the Lions play Dal-
las.
The preseason schedule opens
Friday night. Aug. 2. with the
world champion Green b. Pack
erS meeting the College All
Stars at Chicago in the annual
Tribune game. The Packers will
be shooting for their 20th straight
preseason victory. The streak
dates back 10 1859
The schedule will be COM
pleted on Sunday, Sept 8 --one
week before the opening of the
regular season-with the ann
ual Hall of Fame game.
The Detroit tribune., 1963-05-25
Bob Pnremore
WfNPdyh
Star Game

CHICAGO, III. - Florida A &
M University's Bob Paremorc
has been invited to play in the
30th annual All-Star football
classic here at Soldiers Field on
August 2. The College All-Stars
play the Green Bay Packers.
champions of the National Foot
ball League. in the Chicago Char
tiles Association game.
Bob. a native of Tallahassee,
Fla, signed professional foot
ball contract with the ST. Louis
Cardinals Of the National Foot
ball League.
He is to report to head coach,
Otto Graham at Northwestern
University on July IL. Paremore
is the first FAMU grid star to
be selected to play in the All
Star contest.