davidaulloa/AmericanStories huggingface dataset:
The Phoenix Jewish news., 1963-05-03

development of The Children's
Asthma Research Institute and
Hospital in Denver, Colo, will be
guest speaker at meeting of the
Phoenix chapter of J.N.H.A.C. Sun
day evening, May 10, at 8 pm, in
the Corral Room of Hotel West
ward Ho.
Officers and board for the COM
ing year will be installed by Philip
Chapman, educational director or
Temple Beth Israel
Mrs. Irving (MurieD Polett, vO-
calist, will entertain.
The public is invited.
LADIES BIKUR CHOLIM
Mrs. Florence Frank win i'm
stall the following officers and
board Sunday, May 10, i'm Room
G of the Y.M.C.A., $50 NJ. First
Ave-, at 5 PM: Mines. j. Good
kind, pres; M. Diamond and s.
Green, ". pres; H. Kadish,
treas; M. LubeIl, fin. secy.; A.
SteinfieId, rec. secy.; j. ROsOw,
cores. secy.; r. Jaffa, case
chairman; A. MOgerman, S. Bru-
stein, Leah Friedman, board
members.
A social hour will follow. Dona-
ton is $780, and the public is in
vited.
PHOENIX BIKKUR CHOLIM
A joint pot-luck picnic will be
given by Phoenix Bikkur Cholim
and Workmen's Circle at Encanto
Park on May 26. Further details
will be announced in the next issue
of The Phoenix Jewish News.
SHOLOM SISTERHOOD
Installation of the following Sis
terhood officers will be held Friday
evening, May 10, at Temple ShO-
lom's Friday evening services:
Mines. Jerry Eisen, pres; Richard
Davis, George Goldman, Al Hutor-
on, V. pres; Leon Fagin, rec.
secy.; Saul Horrell, cores. Secy.;
julius Francis, treas.
The Phoenix Jewish news., 1963-05-03
Organizations

A buffet luncheon, with Mrs.
Sam Singer chairman, will be
served. Reservations may be
made by calling Mrs. Al CARRIER,
946-4603.
The Phoenix Jewish news., 1963-05-03

Mr. and Mrs A. Alexander Kaz of SIG Maryland have
of daughter Alice Dorothy
Jacobs of New York City
the of Mr. Samuel Jacobs of New York.
a physicist associated with the General Electric Co.
Miss Kaz a graduate Central High School, is
Brandes University will graduate in June her
junior of the initial Hiatt she studied political
science, archaeology, and social studies in Jerusalem.
The wedding planned for the fall in New York.
The Phoenix Jewish news., 1963-05-03
ARBEITER RING

Phoenix Branch 172 of Arbeiter
Ring will hold it's regular meeting
at the Community Center Saturday,
May 4, at pm. Plans for a pic
mic will be discussed. The meeting
is open to the public.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19

Savers put SIS, 581, SIG more
into their accounts in Perpetual
Building Association in the fis-
cal year that ended October 81,
Edward C. Baltz, president, re-
ported last night at Perpetual's
82nd annual meeting.
The increase in savings dur
ing the year put shareholders
investments at a record level of
$423, &c., 45, Mr.. Baltz said.
Assets of the association we're
$478, 271, 243 at the close of the
fiscal year, 5 h a e h older S
learned.
However, the heavier general
demand among lenders for
mortgage loan opportunities
caused a scarcity that reduced
PerpetuaPs real estate lending
portfolio by 1861, 662 to
SAP, 7OS, 1888, Mr.. Baltz reported.
0ffsetting the asset decline in
real estate loans was an in
crease, to more than $50 mil
lion, in cash on hand and Gov
eminent bonds, and an increase
Of $2,6O4,OOO, to $31 1884, 1892, in
surplus and reserves.
Perpetual's dividend payout
to savers during the year was
the largest ever made by any
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19
TRADE GAP
GETS WIDER
IN BRITAIN

LONDON ODD. - The
British trade gap widened
to S2l5,32O,OOO last month
from 5000, 4SO, 900 in Septem-
Der and S144, 100000 in Oc-
tOber, 1862, the British
Board of Trade announced.
Exports in October, the
board said, totaled 1898, no.
900 against 1854 100000 in
September and 500, 76O, 900
in October a year ago.
Imports last month we're
1,246, $50, 900 against 81, O85,-
$4,000 in September and
81, 156, $4,000 in October,
1862.
Re-exportS in October this
year totaled $37, $50, 900
against $3O,24O,OOO in Sep
TENDER and SAL, 100000 in
October, 1862.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19
Potomac National
Increases Dividend

Directors of Potomac National
Bank have declared a cash divi-
dend of S1.25 a share, compared
with 81 a share a year ago, re-
ported F. Moran McConihe,
board chairman and president.
The increased dividend will be
paid December 10 to Stockhold-
ers of record November 90.
Directors also authorized a
transfer of $4,000 from undi-
vided profits to surplus. This
represents the second dividend
declared by the Potomac Ma
tional and the second transfer
from undivided profits to sur
plus.
The bank opened for bust.
ness April 20, 1859, less than
five years ago and has shown
a steady increase. On the
September 80 call it had a
capital stock of $3.50 900,
surplus of Sl75,COO, undivided
profits If $179,4 and deposits
Of SIS, 185, 1892.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19
By DARDEN CHAMBLISS
Associated Press Business Writer

NEW YORK.-The head Of
ChrySIer Corp. says his compa,
ny has gone about as far as il
wants to 60 in replacing men
with machines.
We've already overautomat'
ed in some ways" says Chrys.
Ter President Lynn Townsend
ut reduces our flexibility."
Accordingly, he S said, new
plants will need as many mer
as existing plants. Many Other
industrialists, he guessed, are
reaching a similar conclusion.
This is fresh testimony on one
side of a debate on whether
unemployment is likely to gel
dangerously worse.
Recent interviews with bust
neSsmen and economists uncov'
cred a strong feeling that unem.
ployment won't increase materi
ally and that the present burden
may not be so heavy after all.
IAN economy as strong as
ours can carry the present loaC
tabout as per cent of the labor
force jObleSS) without structure.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19
EmbargOPut
On Grain Cars

The Association of American
Railroads, at the request of the
ice, enlarged all new grain
shipments to the Cargill, Inc,
elevator at Norfolk, Va.
The AAR also expanded its
previous embargo order cover
ing soybean shipments to Mem
phis to include corn.
The orders which prevent all
railroads from accepting new
shipments destined for the
named points are further efforts
to relieve the national railroad
car shortage. An ICC official
said that cars waiting to be un.
loaded have backed up at Car
gill'S Norfolk elevator and al
corn elevators in Memphis.
The Norfolk embargo does not
cover Continental Grain Co.'S
elevator there because the back.
up of cars isn't as great, he
said.
The AAR lifted an embargo
on shipments to the Bunge Grair
Corp. elevator at Destrehan
La, ordered last week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19
By SAM DAWSON
Associated Press Business Writer

I NEW YORK The fairly
lush flow of cash through corpO-
rate tills is one of the main rea-
sons business executives are so
confident these days.
| Cash flow is different from
net earnings. These profits after
taxes have been setting new
highs for many corporations
and inspiring larger dividend
/ payouts. But cash flow, too, has
played its part-and perhaps an
even more dollar and cents
one-in the pleasant outpouring
Of extra year-end payments to
stockholders in many COM
panieS.
Corporate cash flow is techni-
cally defined as retained earn
ings plus depreciation.
But from the company treasu-
rer's practical point of view it
is what he has left over after
settling operating expenses lin
GLIDING taxes) and paying cur
rent dividends.
Tops SAL Billion
And the sum this year is pref
ty big for lots of companies. All
in all, cash is flowing at better
than a $41-billion rate in 1868.
The year before it was $39 bill
lion, and in 1861 it was $33 bill
lion.
This year net profits after
taxes are running around SIG
billion.
Cash flow is often put right to
work in many ways. But it also
helps to build up corporate nest
eggs. And another reason so
many businessmen are fairly
satisfied with current positions
and confident of future pros
poets is that today corporate
cash on hand and assets readily
convertible into cash total $74
billion.
Retained profits (what a bust.
ness has left from gross earn.
ings after paying taxes and divi.
dendS) provide only about &
fifth Of today'S cash flow.
Relaxed Rules
More and more the actual
cash is provided by deprecia
ton. This is what can be set up
on the books for the wear anC
tear on plant and equipment
And this year the cash flow has
been helped by the Fedora
Governments relaxed rules OF
figuring depreciation.
Perhaps SIS billion Of the in
creased depreciation allowance
is due to more liberal guideline,
set forth by the tax collectors
And another 81 billion may hav
been added by the Z per cen
depreciation tax incentive Cor
gresS voted to encourage inves
ment.
Cash flow does increase direc
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19
D. c. National Adds
8 to Advisory Board

Eight business and profes.
sional men were added to the
advisory board Of the District
of Columbia National Bank, re-
ported Irving S. Lichtman
board chairman.
The new members are: How
ard Bernstein, executive vice
president of Realty Title Insur.
ance Co.; Abe Beyda, president
of Beyda's; Samuel Del VecchiO,
president of Peoples Hardware;
James L. Dixon, president Of
James L. Dixon Co.; Robert
N. Nathan, president Of Rob-
ert R. Nathan Associates;
Flake M. Pinkett, president Of
John R. Pinkett, Inc; DR..
Joseph B. Sheffery, and Meyer
Siegel. builder.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19
COMEBACK FOR MEN
Limit of Attenuation
Reached by ChrysIer

damage if the politicians will
merely keep quiet" says Vice
President Benjamin Stacey of
BoSton's First National Bank.
There is a vigorous dissenting
view.
W. j. BaSsett, executive off
Ger of the Los Angeles County
Federation Of Labor, AFL-CI0,
says ''if we don't do something,
pretty soon two-thirds of us will
be supporting the other third.
Think how that would drag us
down."
Many see a growing unem-
ployment among the young I'M
skilled that threatens dangerous
racial and social upheavals. 1t
could also, they warn, destroy
this decades brightest economic
hope: The push that's supposed
to come when the postwar baby
crop starts buying houses, cars
and appliances.
Some other businessmen say
it is easy to exaggerate the
job-deStroying threats of auto
nation.
Mr.. Townsend says his firm
has many operations that could
run almost unaided by humans.
But humans are by far the
cheapest way to make the
changes required to provide the
variety of style and model buy
erS demand.
IF we made nothing but
four-door black PlymouthS, we
could automatic beautifully" he
said.
But, Mr.. Townsend said, if
Chrysler sets up a plant to
make $50 cars a day, it will
use at least as many workers
about 3,5OO-aS it uses in such
plants now.
Some businessmen are taking
a new look at the people pre-
viouSly displaced and added to
the rolls Of longtime, hard-core
unemployment. There were fears
that these workers would be left
behind, even in boom times, be-
cause of low education, low
Skills or racial disadvantages.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19

and would start with initial
capitalization Of 81 million. Its
main office is planned in the
new shopping center on the
circle.
Controller of the Currency
James J. Saxon in the mean
time approved a new branch
office for the National Bank Of
Fairfax to be located on the
north side of U. S. Route SC
just $50 yards east of the circle.
The new bank plans to open
at the earliest possible date,
organizers said. The National
Bank of Fairfax branch will
open quarters within the next
80 days in a temporary trailer.
type office while its permanent
quarters are being constructed
Vail W. PiSchke, Northern
Virginia attorney and a mem.
Der of the new banks organ
izing group, said the banks
100000 capital shares will be
sold at $40 a share. From the
proceeds, 100000 will be al
located to capital, 100000 t.
surplus and $500, 900 to undivided
profits.
The organizing group hopes tC
distribute stock in the new bank
among residents and business.
men Of the Fairfax circle area
to greatest possible degree, Mr.
PiSchke said.
Routes 29-211, so and 2S7 in
tersect at the circle and Airing
ton boulevard and Lee highway
merge there. In addition to thu
new shopping center now being
constructed at the circle, a sec
ond center is being planned OF
a 17-acre tract.
The National Bank of Fairfax
has assets of around $22.5 mil
lion and total capitalization o
nearly SIS million. The new cir
Gle office will be its fiftl
branch. Its main office is in tn,
City Of Fairfax.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19
Long Island Pepsi
Has Profits Jump

Pepsi-CO!a Bottling Of Long
Island, in which there is a large
Washington area interest, had
sales of 1881, 1853 in nine months
ended September 30, compared
with $2,5O5, l6l a year ago, Pres
ident Jack Jordan announced.
Net income was $4l5,571 or
66.9 cents a share VS.. $178,667
or 1913 cents a year ago when a
Six-week strike was an adverse
factor.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19
Cash Flow Tops Sal Billion,
Spreads BusinessC Confidence

tors generosity in boosting divi-
dend payments and is providing
the wherewithal for many Of
this year ends bonuses.
Companies well heeled with
cash also are more lenient in
granting credit to customers,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19
SIG Million Dividends
Set Perpetual Record

financial in stitution in the
Washington area, Mr.. Baltz as
serted. Four dividends came to
more than SIG million.
Shareholders reelected four
directors to three-year terms:
William H. Dyer, J. Horace
Smithey, Carl c. Smuck, and
Mr.. BaltZ.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19

of this year, a jump of liza per
cent from 1878, 900 a year
ago, it was announced by Ed.
ward c. Baltz, chairman of the
D. C. Savings Bond Committee.
Mr.. Baltz, who is president Of
Perpetual Building Association,
said the District now has at
tanned GIG per cent of its 1868
sales goal Of $49.1 million Of
Series E and H Bonds.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19
Earnings

Kansas City Sth. Rwy. in IL
months ended October 81 earned
$8,236,22 or $7.39 VS.. $7,762 ass
or 1854 in 1862 period.
BullOcks, Inc, in 80 weeks
ended November 2 earned S..
1886, $3.50 or $2.25 a share VS.. S..
1O6,41O or $1.96 in 1862 period.
Northeast AirIines in 9 months
ended September 80 had a loss
of $5,194,3O1 VS.. a loss of So, $780,.
600 in the like week a year ago
BrOwn-FOrman DiStiIIers in {
months ended October 81 earned
$3.50, $50 or SO cents a share
VS.. $3,612,369 or 80 cents in
1862 period.
Central Aguirre Sugar in year
ended July 81 earned 200, sos
or $.83 a share VS.. $84O,2 97 OF
$1.13 in 1862.
Avis, Inc, in year ended Au
gust 81 earned 81 1855 or g.
cents a share VS.. a loss of So,
258, 1873 in 1862.
Hotel Corp. of America in
months ended September 80 hac
a loss of $275,OOO VS.. earning.
Of $4,000 in 1862 period.
Other earnings included:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19
Wheat to Iran

The Agriculture Department
agreed to sell Iran about
1900, 900 bushels Of wheat or the
equivalent in four, valued at
5000, 900 in exchange for Irani-
an currency. Suppliers will be
reimbursed in dollars by the
United States.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19
Panhandle Eastern
Votes Stock Dividend

Area stockholders of Pan
handle Eastern Pipe Line Co.
received news today of a 212
per cent year end stock divi-
dend, payable December 81 to
holders of record November %.
Directors previously declared
the usual quarterly cash divi-
dend of SIS cents a share, pay
able December Is to Stockhold-
ers of record November 20. The
cash dividend will not be paid
on new dividend shares.
Fractional shares will not be
issued but stockholders will
have the right to buy or sell
fractional shares through the
company'S transfer agent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19

and the total Of this has gone up
$50 billion in the last five years.
With money in the drawer, sell
ers are less pressing for quick
payment from buyers, and the
amount of trade being done on
credit is currently high.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19
BUSINESS
BRIEFS

Steel Production last week
totaled 1890 tons compared
with 1,958,OOO in the previous
week; for 46 weeks the output
is 96,939, 900 VS.. 81, las, 900 a year
ago.-Am. Iron & Steel Inst.
Coal LOadings on the Norfolk
and Western Rwy. last week
rose more than 1000 tons to a
total of 27,O37 VS.. 24,446 in the
like week year ago.-ASsoci-
ated Press.
Baltimore & Ohio R.R. will
net about S. million this year,
and twice that next year, &C.
cording to Jervis Langdon, jr.
president. He said the profit
could be attributed to the firms
control by the Chesapeake &
Ohio Rwy.-ASSociated Press.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-19
Banking Facilities
Expanding Sharply
At Fairfax Circle
BY DONALD B. HADLEY
Star Financial Editor

Application for charter for state bank at Fairfax
Circle in Fairfax, Va and approval of national bank
branch in the vicinity today reflected the continued
petition between the two major segmentS of the dual banking
system.
The State bank to be known Guaranty Bank Trust
Co.. expected to receive its charter from the Virginia State
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-14

"a. "JeweIed" Christ
mos Tree Felt Cord
Holder, with a poek-
cts. 2ox29". Decoro-
tons included $50
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-14
U.S.,Conudo
NucIeur Pact
Accord Seen

HYANNIs PORT, Mass,
July 10 (AP). - The United
States and Canada have worked
out most Of the details of a
nuclear weapons deal, which
was a key item in talks here
last May between President
Kennedy and Prime Minister
Lester Pearson of Canada.
The bilateral agreement, it
was learned today, will be an
nounced probably within a
month - in an exchange of
notes between the two govern
ments.
An agreement in principle
that Canada would accept
American-made nuclear war
heads for continental defense
missiles was q major accom-
plishment of the Kennedy
Macmillan talks at this Cape
Cod resort community two
months ago.
It came on the heels of a
Canadian election campaign in
which a major issue was the
refusal Of Mr.. Parsons pred
ecessor, John Diefenbaker. to
accept the nuclear explosives
despite an earlier agreement to
do so. Mr.. Pearson topped Mr..
Diefenbaker in the balloting.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-14
Auto Firm Loses
Zoning Appeal
For Parking Lot

The Rosenthal Chevrolet Co.
Of Arlington lost a bid yester-
day for permission to park up
to 80 cars on residential prop
erty in the 1900 block of
Twelfth street South.
The request was denied 3 to
l by the Arlington Board of
loning Appeals.
Strongly opposed by nearby
homeownerS who charged
parking would be a nuisance,
the request was presented by
Attorney William B. Lawson
who said that unless Rosen-
thai is able to expand "he may
have to move"
On the motion of Carl G
Estabrook, the board denied
the request. Voting for it was
chairman Lawrence Latte who
felt that an attractively land
scaped parking lot between the
commercial and residential
property would provide a Sub
stantial buffer"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-14
U.S.. Kept Cuba Pledge,
Russia Answers Chino

MOSCOW, Sunday, July II
| (AP)-The Soviet Union today
rejected Communist Chinese
charges that the Russian mis-
sile withdrawal from Cuba last
fall was q capitulation to the
United States and disputed
Chinese claims that President
Kennedy's word could not be
trusted.
A Soviet Communist Party
statement reviewing faltering
Soviet Chinese theological talks
reaffirmed the Soviet Unions
pledge to defend Cuba against
any American attack. AS for
the missile withdrawal, 1t said:
''It is true, our rockets would
have to fly q little longer in such
a case, but their accuracy will
be no less exact"
The statement then turned
to the Soviet claim that Mr..
Kennedy pledged no United
States invasion Of Cuba in ex-
change for the missile with
drawal, a claim Washington
has repeatedly denied. The
Soviet statement said:
Eight months have passed
from the moment of the liqui-
dalton of the crisis in the
region of the Caribbean Sea
and the United States is keep
ing its word-there are no in
terventions in the borders Of
Cuba. We also undertook the
obligation to withdraw rockets
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-14
cupitoI Hill Lions
InstuII Officers

The Capitol Hill Lions Club
has installed the following new
officers:
Kenneth w. Malone, presi-
dent; Lester Pittman, first vice
president; Paul A. Dowell, Sec
ond vice president; DR.. Daniel F
Dodd, third vice president;
Charles e, Sheetz, secretary;
Clarence w. Lee, treasurer,
Louis Guglielmo, tail twister
and Louis Blumenthal, lion
tanner. Seven newly elected d.
rectors were also installed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-14
Murphy to Address
Xirdiniu Conference

ROANOKE, Va, July Is
(AP). - Charles S. Murphy,
Undersecretary of Agriculture,
will address the Virginia State
conference of the Agricultural
Sterilization and Conservation
Service of the United States
Department of Agriculture
Tuesday night.
The Asses conference of
county committeeman and
county office ager
throughout Virginia will be
held at Hotel Roanoke Mon
day through Wednesday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-14
Disaster Aid
Is Sought for
IS Counties

RICHMOND, July 10 (AP)
- Virginia's drought-stricken
central and southern counties
may get relief soon from the
United States Department of
Agriculture.
The States disaster aid re-
quests will be considered Mon
day by the department and
replies will be sent to Gov.
Harrison and to the USDA Dis
aster Committee, said w. T.
Powers, executive secretary of
the State committee.
Mr.. Powers said Virginia is
seeking surplus feed grains for
the 35 counties struck hardest
by the drought.
On Friday, Agriculture Sec
rotary Freeman authorized
farmers in Albemarle and Pitt
Sylvania Counties to Craze and
harvest hay on soil bank land.
Fifty-nine other counties were
given permission earlier.
Mr.. Freeman also informed
Gov. Harrison that the de-
partment would review Vir-
ginia's request for aid under
the feed grain program.
Virginia has also requested
reduced freight rates for hay
being shipped from the mid.
west to the counties, but M
word has been received from
Washington on this.
State agriculture source
said today that drought con.
ditions in the south and cen.
trail portions of the State art
becoming worse.
Earlier, the State revised
downward the number of coun-
ties seeking relief. 1t was re-
duced from 43 counties to IS,
eliminating the northern coun-
ties.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-14
PhiIomont Man Dies
After Truck Hits Pole

LEESBURG, Va, July 10
(SpeciaD "A 38-year-old Phil
omont (Va0 man was fatally
injured today when the truck
IN which he was riding struck
a pole on Route 626.
The man, Bruce Lloyd, died
In Winchester Memorial Hos
pital four hours after the &C
cident which occurred at 1885
pm. State police said he was
riding in the back of a cattle
truck driven by Charles F. May
OF Philomont when it went off
the road a mile south Of Blue
mont.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-14
Scratch One Airline

CARROLL, Iowa, July Is
(AP). Caroline, a one-plane
airline organized by a group of
businessmen here to replace
discontinued rail service be-
tween Carroll and Des Moines,
has gone out Of business after
% months of daily flights be-
tween the two cities. The Cess
ma 1876 plane has been sold.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-14
rom Cuba and have fulfilled

from Cuba and have fulfilled
it,"
The statement also rebuked
the Chinese for their propa-
ganda campaign during the
Cuban crisis which it said was
directed as much against the
Soviet Union as the Americans.