davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05
!. Drug Fair SaIes
Reach New High

the Federal Reserve Bank of
Richmond showed today.
Deposits of Riggs National,
American Security & Trust and
National Bank of Washington
aggregated $1,303, 100000 on
August %, compared with ST.
45,588,00O a week earlier and
$1,364,9 49, 900 two weeks ear
lier. They also compared with
81 ,224, PAS, 900 on August 20 last
year. Most of the recent de-
clines were in corporate demand
accounts, it is understood.
Demand deposits dipped to
1894, SIT, 900 from $936,412,0 900
a week earlier, $957,181 900 two
weeks earlier and $870,827, O0O
a year ago. Time deposits eased
to $408, 1923, 900 from $409,176,
900 a week earlier. They COM
pared with $407, 100000 two
weeks earlier. However, they
were above $4O7, 1853, 900 two
weeks earlier and contrasted
with $353,418,000 a year ago.
Gross loans dipped to $707,-
027,000 from $708, $4,000 a
week earlier, but were ahead OF
$704, 695, 900 two weeks earlier
and $622,942,0OO on the like
1862 date.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05

turn and was at 5000 feet in
slightly over two minutes. The
aisle was like a steep hill.
It's scat" in getting out Of
earShot is one of its better at
tributes. Its sturdy nimblenesS
in coming in close but high
and then making rapid, but
non-ear-popping descents is
another.
In-flight cabin noise was q
whisper-with three Pratt &
Whitney turbofan engines, each
with $4,000 pounds of thrust
working outside. Two are on
either side of the fuselage; the
third built into the T-shaped
tail.
Seven airlines have ordered
1877 Of them to date. Produc-
ton of the 727 will soon out
number TOTS and 720s on the
Boeing production line at Rem
ton, Wash.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05

new institution, said the banks
100000 shares of capital stock
were oversubscribed at $40 a
share. Shares allotted for pub
lie subscription actually were
-oversubscribed more than three
times, he added.
Proceeds from sale of the
$40 par shares will provide i'll
itial capital of 50 million, sur
plus of $1,750,000 and undi-
vided profits of $250,000.
Eight prominent Washing
tonians, who have been added
to the original 10 members of
the board include: Abe Fortas,
member Of the legal firm of
Arnold, Fortas and Porter;
M. Trimble Sawtelle, executive
vice president of Walker &
Dunlop, Inc; William C. Shell
ton, jr., president of L. P. Steu-
art, Inc; Clayton Norris, preSi-
dent, Federal Services Finance
Corp; Milton Kronheim, presi-
dent of S. Milton Kroheim &
Co., Inc; Joseph Ottenstein,
president, District News Co.;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05
Tustee Freez
To Reorgonize
BY Dow Jones

Tastee Freez Industries, Inc,
said it has filed a petition in
Federal Court in Chicago for
reorganization under Chapter
II of the Bankruptcy Act after
failure to obtain a SO million
loan.
A franchiser of soft Ice cream
drive-inS and mobile units,
Tastee Freez said prospective
lenders notified the company
Just prior to the scheduled
closing on the loan that the
funds would't be forthcoming
The company wouldn't com.
ment on reasons for the loans
collapse.
Tastee Freez said it proposes
to file a plan for payment ir
full of all its creditors and the
preservation Of the interests
of its stockholders" Under
Chapter II, the company woulC
be protected by the courts
from creditor action while q
plan to pay its debts is worked
out.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05
Treasury Bond Deal
sCuIIed UnottructiVe

The TreaSury's offer to swap
longer term bonds for 1921 bill
lion of outstanding securities
viii not interest many Wash
sington bankers, a survey in
dictated today.
Bankers would like to increase
Income from their Government
bond portfolios but are not will
ing to accept such long maturi-
i ties for so little in the way of
higher yield, several told. The
Star.
: The bankers doubt the
Treasury will be able TO keep
long-term bond rates down
while keeping short-term rates
up indefinitely. tits a little
like trying to make water run
up HILL" one commented.
Eventually they expect rates
for, long-term bonds will have
10 go to Az, 424 and maybe
even S per cent. In this event
they don't want to be stuck
with l0-year 4 per cent bonds
that will drop in value.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05
RUNS LIKE SUGAR
BUT 1T TASTES
SWEET AS SAND

NEW YORK (AP). -
The American Sugar Co.
has developed a new prod
uct which it calls revolu-
tionary. 1t is a brown sugar
designed not to cake or get
hard.
To circulate information
about the product the
company had its advertis-
ing agency create a folder.
The folder contained a Gel
lophane covered slot which
showed the brown product
flowing as freely as, say,
brown sand.
When a reporter broke
the cellophane to taste the
sugar he found it was
brown sand.
The advertising agency
said the substitution was a
demonstration technique"
William Peters, new prod
uct manager for American
Sugar said that If sales
men carried sugar around
all day in their pockets for
demonstration purposes the
warmth of their body
would melt it.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05
Financial General
Firms Show Coins

The fire and casualty insur-
ance group of Financial Cen
eral Corp. had premium writ
ingS of $15,530,0ll in the first
six months of this year, Presi-
dent William L. Cobb an
nounced.
The latest total was up 8
per cent from $14,259,2l3 in
the same 1862 period. The
group includes Hawkeye-Secur-
ity Insurance Co. of DeS
Moines. Northeastern Insur-
ance Co. of Hartford and
United Security Insurance Co.
The three institutions had
combined assets of $52,213,426
on June 80 VS.. $48,952,408 q
year ago. Policyholders' sur
plus amounted to $2l, 304, 63S
VS.. $l9,406, 468.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05

William C. Eachoe, jr., president
of the Washington Fish Ex-
change, Inc, Ulysses G. Anger,
owner of Blackie'S House of
Beef.
A stockholders meeting is
expected to be scheduled follow
ing a board of directors meet
ing on September IL. A board
chairman is yet to be selected.
The 10 board members al
ready announced include: Mr..
Paladini, Charles E. Smith, DR..
Julius S. Neyiaser, Samuel P.
Cohen, M. B. Hariton, D. F.
Antonelli. jr., Kingdom Gould,
Jr., Arthur G. Lambert, Jack 1.
Bender and Leonard L. Silver
stein.
The new bank will occupy the
ground floor of a new office
building, the Madison National
Bank Building, at the M street
address. 1t will be Washington's
third new bank in something
like 80 years.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05
By CHARLES YARBROUGH
Star Aviation Writer

A Jet airliner designed to be
the quiet, nimble neighborly
type was in Washington yes
terday, casting a trim shadow
of tomorrow's high speed
short-haul transportation.
Boeing's T-tailed 727, first
three engine airplane pro-
duced in this country since the
Ford Tri-Motor land boy, does
the resemblance end thereD
adroitly demonstrated its in
tended role of bringing jet
service to cities now without
it.
In demonstration flights out
of Andrews Air Force Base it
punched through yesterdays
overcast and was still climb
ing at ATS miles an hour. With
10 passengers on board, 1t was
off the ground in. less than 80
seconds, made a 270-degree
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05
FINANCIAL PROBLEM
". S. balance Of payments
defieit Increases sharply.

have been rising and now tor
their exports, thus weakening
the pound. Much of this is
seasonal, representing pur-
chases of raw materials.
But the British blame part o.
the fall on the American finan.
cial moves. AS short term in.
terest rates rise in the United
States, British equities looE
less attractive. The outward
flow of lendable Yankee dollar,
has stopped and the desire to
hold sterling has dropped
The dollar has strengthened
and the pound has weakened
Last year the pound was above
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05

Sales of Drug Fair Commun-
ity Drug Co., Inc, which oper-
-ates Drug Fairs in this area
reached a new all time high OF
nearly $48 million in the fiscal
year ended June 80 and net
earnings jumped IS per cent
from the preceding year.
This was disclosed yesterday
in. the annual report from
President Milton Elsberg.
~e Record sales of $47,672,214
were up 1875 per cent from $42,-
Boosts in the preceding year
Net earnings of $421, 1888 OF
SO cents a common contraSteo
with $312,087 or 81 cents q
share in the previous fiscal per-
iod.
The ratio of current assets
to current liabilities stood al
2.3 to on June 80 and stock
holders equity reached a
new peak of $5,477,957.
At the years end, Drug Fail
operated 10 more units than a
year earlier, the report said
Four of the new units are out
side of the Washington area
One more store has been open
eG at Columbia Pike Plaza in
Arlington County since the END
Of the fiscal year.
The company plans to add
five more stores before the end
of the current fiscal year, the
report said.
Mr.. ElSberg also reported
that sales in July and August,
first two months of the new
fiscal year, amounted to $8,313,-
243, a gain of 1914 per cent from
$6,961,739 a year ago. August
sales of $4,l79,833 were 1876 per
cent ahead of $3,521,759 in
August last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05
Ward Profit
And Sales Up

CHICAGO (SpeciaD Mont
gomery Ward today reported
earnings of $7.128,OOO. equal
to 81 cents per share of out
standing common stock for the
first six months of the COM
pany's fiscal year, January 81
through July 81. This compared
with earnings of $6,939,0
equal to 40 cents per share, for
the first half of 1862.
Previously reported sales for
the six-month period we're
$671 ,811 ,000-an increase Of 80
per cent over sales of $751;
$4,000 for the first half of
last year.
In a letter to stockholders,
chairman John A. Barr and
president Robert E. BROKER
estimated total sales for the
year should approximate SIS
billion and earnings ARE ex-
pected to show improvement
over last year."
In addition to the "a Mont
gomery Ward retail stores being
opened in 1857 relocations,
six new locations and one major
expansion-the report stated
the company has opened 81
new catalog stores in the first
half Of the year and will open
an additional % by the end of
the year. At some of these loca-
tons, the company reported it
is testing the effectiveness of
combining the new catalog
store with an auto service facil-
ity where tires, batteries and
other automotive products are
sold and serviced.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05
Dollar Scores Early Gains
In U.S.. BoIstering Moves

parity with the collar, now it's
below.
Since the war the British
have become accustomed to a
fall crisis IL the pound sterling
every few years. They hope this
fall won't be one of those years.
Follows Large Payment
The sterling areas drop in
gold and currency reserves in
August also has another expla-
nation in addition to moves to
strengthen the dollar. This is
that 1t followed payment of
$28 million to West Germany
for European Payments Union
debts. Without such payment
the reserves would have held
firm, even risen above July.
The debts were incurred dur
ing Britain's recurring balance
of payments crises. And the to-
tai outstanding is still $170.8
million, to be repaid as Lon
don'S reserves permit.
While the United States and
Britain have been having their
problems. France, Spain and
Austria have been furnishing
and adding to recent months to
their gold reserves. These three
were the biggest buyers
of United States gold in the
second quarter of 1868.
All this is part of the pic
ture as the worlds money man.
ayers meet to tackle the COM
plicated financial troubles anG
solutions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05
Marcus Heads GEM

Joseph A. Marcus, formerly
Of Washington, has been elected
president Of GEM International,
which operates stores in this
area. He has been senior exec
utive vice president. Sol Snider
Of Washington and William
Grant of Denver, Colo, have
been elected directors.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05
Retail Sales
Up6% in July
BY the Associated Press

Strong sales of durable goods
pushed the total of July retail
sales l per cent higher than
June and 6 per cent above the
year-ago level.
The Commerce Department
reported the total for the
month was $20.8 billion after
adjustment for seasonal vari-
atoms. The total of durable
goods sales was $6.8 billion and
non-durables almost IA billion.
Durable goods sales showed
a monthly increase of 3 per
cent and were 8 per cent higher
than July 1862.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05
Savings Bonds
Sales jump
BY the Associated Pres,

Sales of United States Saw
ings Bonds last month totaled
1899 million, the highest August
total since 1856, the Treasury
reported today. The total is
II per cent above August of
1862.
Some 1854 million worth of
bonds were cashed in-about
6 per cent below the year-ago
level.
Sales of Savings Bonds have
shown a steady increase in
every month this year except
for June, when there was a
slight decline.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05
Bank Deposits Down
For Second Week

Deposits of Washington's
three largest banks declined
seasonally for the second week
IN a row in the week ended
August %. but remained we'll
above a year ago, data from
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05
BritOns Expect Rise

l
None of this necessarily fore
casts any great upSurge in the
dollars position. Nor does 1t
cause any real alarm in Euro
pean money capitals. But it
does show the close ties be-
tween Western currencieS and
economies. Some Britons in
particular are saying that eff
forts to strengthen the dollar
are the cause of the pounds
weakness, temporary as they
expect it to be.
It's a neat trick to strengthen
one country's position without
weakening another's. And
that's one reason so much in
terest is attached to the meet
ing in Washington later this
month of the directors of the
World Bank and the Interna-
tional Monetary Fund, charged
with policing the financial deal
ings of the Western World, as
well as encouraging their eco
nomic growth.
Europeans have been watch
ing the American financial
moves. First was higher inter-
est rates to keep lendable Amer
lean dollars at home. Second
was the proposal, now being
debated in Congress, to tax
American purchases of foreign
securities from foreigners, with
the same goal in view.
Since American capital has
been the great pool from which
Europeans could draw since
World War II, any drying UP
of these available funds will be
felt.
Linked to U. S. Action
The British pound this week
dipped below the official rate
of $3.50 to the American dol
lar. Part of the decline can be
traced to Britain's balance OF
trade problem. British imports
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05
NeWMadison Bank
Completes Board,
Stock Sold Out
BY DONALD b. HADLEY
Star Financial Editor

board of 10 has been completed for the Madison
National Bank and plans call for opening of the in
tuition at 1880 street NV early in November it
nounced today by Louis c. Paadni chairman of the
izing committee
Mr. Paladini who expected president
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-05
BY SAM DAWSON
Associated Press Business Writer

NEW YORK - Moves to
strengthen the American dollar
are scoring some initial sue
cesSes in world r0' marts.
The do''ar m.s advanced
slightly ? st tie Swiss franc
and the Gerlna-. mark. A great
er score has been made against
the British pound sterling
which has dipped to a two
year low in terms of American
money.
And while the United States
Treasury gold stocks have
shrunk a little more this sum-
mer, Britain'S gold and con-
vertible currency reserves also
fell in August, off about $19.6
million.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-21
Texas 7 ropshooter Hits
Perfect 100 in Doubles

VANDALIA, Ohio, Aug. 81
(AP).-One of trapshooting's
most coveted championships,
the 16-yard North American
title, was up for decision today
at the 64th Grand American.
Today's event winds up the
16-yard division in the week.
long shooting. The final days
will be taken up by handicap
and doubles events.
The little fellows had their
day yesterday as the class
championships were decided.
In some added events, the
Illinois five-man team broke
987 of 1000 targets and out
shot all other States. Missouri
was second with 985 and Ohio
third with 984.
In a special doubles race, a
tuneup for Saturdays finale,
Larry Gravestock of Amarillo,
Tex, broke the entire 100 twin
targets. 1t was only the second
perfect score in doubles ever
registered here and only the
9th ever made in the country.
Two Reno hot shots captured
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-21

SALISBURY, Md, Aug 81
(AP).-Harold Solomon of Sill
yer Spring, who lost in the
finals of the recent Middle
Atlantic championships, has
bounced back with a title
triumph.
The youthful slugger rallied
in the final two sets to defeat
Ken Daniels of Bethesda, 3-6,
ga, rs, here yesterday to
win the 12-and-under division
title in the Eastern Shore Jun
ior tennis championships.
In the Middle Atlantics, Solo
mon was a straight set victim
of Steve Parsons of Charleston.
w. Va, who wasn't entered
here. To get into the title
round yesterday. Solomon also
had to whip Stephen Krulebitz
of Baltimore, Ga, Ga, in a
Semifinal match.
Other titles went to Billy
Reardon of Salisbury in the
l0-and-under bracket and to
David Savitz of Baltimore in
the 14-and-under group.
The 16-and-under title match
will pair Steve Beik of Swarth-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-21

a 1-ln-l0 chance OF making the
big show.
The field will be pared down
in sectional qualifying rounds
August 1928 at 80 sites
throughout the country.
The United States Golf As
ISOLATION yesterday announced
an entry list of 1913, including
26 players who automatically
qualify for the spots in the
match play championship field
of 200 at Des Moines' Wakonda
Club.
The exempt players include
defending Champion Labron
Harris of Enid, Okla.
The American Cup, a biennial
competition matching seven
man teams from the United
States. Canada and Mexico, will
be held over the Wakonda
course the week preceding the
amateur, and all seven mem
bers of each team automatic
ally qualify for the amateur
championship bracket.
Others exennt.
Former champions Chick
Evans of Chicago, 1916. 1920;
Deane Beman of Bethesda, Md,
1860, and Charlie Coe, Okla
homa City. 1949, 1858.
Dick Davies, Pebble Beach,
Calf, 1862 British Amateur
champion.
Billy Joe Patton, Morganton,
N. c., and Downing Gray, Pen
Sacola. Fla, semifinalists in
last years tournament at Pine
hurst, N. c.
The 1868 American Cup
teams: United States, Dick
Skies, Springdale, Ark; Ed Up
degraff. Tucson, Ariz. Besides
Patton, Beman, Coe, Davies and
Harris, exempt under other
categories: Mexico, Mauricio
Urdaneta, Jose Luis Ortega,
Tomas Lehman, Luis Brauer
Agustin Sylveira, Juan Antonio
Estrada, Rafael Quiroz. Can
ada, Nick Weslock, Keith Alex
ander, Gary Cowan, Bert Tice-
hurst, Bill Pulaski, Doug Sill
verberg and Bill Wakeham.
Merrill Carlsmith. Hilo, Ha-
waii, 1862 senior champion;
Bob Lunn, San Francisco, 1868
Public Links champion, and
Gregg Mediation, Whittier,
Calf, 1862 junior champion.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-21
Silver Spring BoyWins
Net Title at Salisbury

more, Pa, and Jack Stevenson
of Salisbury, both semifinal
winners yesterday.
Still in contention in the
late-starting l8-and-under di-
vision is Bob Davis of Wash
ington, the top seed. who
whipped Beik, 60, 6-3, and
Trippy Calm of Baltimore, 6-1,
60, in early-round matches
yesterday.
Among other Washington
area entrants, Richard Kotz of
Bethesda was a 60, Go
victim Of Savitz, and Mark
of Takoma Park was
beaten by Brad Jarman of
Salisbury, 81, Ga, in 14-and-
under semifinal matches.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-21

Western Maryland (September
% to October 12).
The big surprise of the fall
schedule occurs in mid October,
when Bowie reopens for IL
days, October 1925.
For the last week John F.
Loome, Bowie's general man
ager, has been denying rumors
that Bowie's fall meeting will
be transferred to Laurel.
I'VE will definitely run our
12-day fall meeting on our
home grounds at Bowie" Loome
said.
Its true we are making i'm
provements now, but we will be
ready in time for the October
meeting"
4 K*
Loome explains that Bowie
mas started what ne calls a i've
year improvement plan.
We're aware of the made
quacies of the Bowie plant and
we're getting started on a long
range improvement schedule"
he said. After the short fall
meeting we will continue work.
ing until our 1864 meeting an6
then resume again next spring"
The first phase of Bowie's
improvements will provide H.
900 square feet of space in the
present mezzanine betting level
and some 200 more seats. Even
tually the entire plant will be
remodeled and moderniZed.
The management could have
staged its additional IL days,
granted by the Legislature this
year in conjunction with Lau-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-21
Negroes Protest
Prompts Shift of
ALL Exhibition

NEW YORK, Aug. 81 (AP)
"A scheduled American Foot
ball League exhibition game
between the Oakland Raiders
and New York Jets at Mobile,
Ala, tomorrow night has been
switched to Oakland on Sum
day because of a controversy
over segregated seating.
Milt Woodland, assistant AFL
commissioner, said the game
had been Cancelled out of
Mobiles Ladd Memorial Stadi-
UNI by agreement of all parties
involved after four Negro men,
bers of the Oakland team re-
fused to play unless the stadi-
UNI was completely desegre-
gated. The Mobile sponsors
said this was impossible.
The four players are Art
Powell, Fred Williamson, Glen
Daniels and DO Robertson.
There are eight Negroes on the
Jets, four in the starting line
up.
David Sonny Werblin, new
owner of the Jets, said he
pressed for removal of the game
from Mobile.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-21
Bettor Bags
$14,448 on
Short Pool

CHARLES TOWN, W. Va,
Aug. 81 (SpeciaD. - One race
fan took the short way home in
the twin double at Shenandoah
Downs last night, bagging the
entire $14,448 prize by picking
only three winners.
The first three horse payoff
OF the meeting came about
when General Rocket ($2l.60)
won the seventh race.
General Rockets victory,
second by a longshot in the
pool, eliminated SO tickethold-
ers who had come out of the
fifth and sixth with live tickets.
The payoff came on the 8-7-4
combination. Potasis won the
fifth at $3.50 and Dean w. took
a heavy toll with a $3.50 VIC
tory in the sixth to set up the
victory for the lucky player,
who hadn't cashed his ticket at
the close of business last night.
Normally four winners are nee
eSSary to collect in the twin
double.
Mrs. E. c. Cunningham
Narrowly will step down the
claiming ladder tonight to seek
his first triumph of the meet
ing In the Lions Club Purse.
Nine 3-year-olds have been
entered for the mile feature.
Heavy rains last night re-
suited in the smallest turnout
OF the session as 4,143 hearty
fans bet $198,673.