davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-03
Interest Rate Rise Indicated
Consumers, Corporations
May Find Credit CostIier

NEW YORK, DJ)-"We still have plenty Of money to
lend official Of large commercial bank in New York
but loan officers aren't anxious to push for business
as they week They're beginning to sten
their attitude and many Of customers the
change"
Says executive of a mutual fund management COM
pany here I'm view yields bonds have become too
low We've stopped buying until the rates of return
levels feel will make the investments worth while"
These two comments indicate that there is growing
belief in business and financial circles that interest
after holding fairly steady for nearly three years heading
upward again. If signals higher borrowing
sumers corporations and home buyers well for Federal
State and local governments.
On the other hand rising interest rates bring highef
earnings to such financial institutions banks savings and
loan associations and insurance companies should
favorable influence the chronic deficit of this Nations
financial accounts with the rest of the world.
The belief here that money is tightening stems from
mounting optimism the economic outlook with the
pectaton that businesses will be borrowing heavily finance
the quckening expansion Also there signs that the
Federal Reserve system is making credit readily
in the Nations banking system.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-03
Wasn't Your
FuirIone Out There
By CHARLES YARBRoUcH

forerunner. Actual wood pat
terms from the Fairlane stock
engine were used in casting the
cylinder block Of its aluminium
Indianapolis counterpart.
The Lotus Fords had a dis
placement of use cubic inches
and 376 horsepower; four car
buretors and three electric fuel
pumps.
AdOIph More, 1882 Wisconsin
ave, Bethesda, whose deft
hands have been balancing and
tuning racing engines for years,
is now handling a revolutionary
new trouble light that could be
"a boon to the auto-boat-plane
do-it-yourself types.
Called "Tubelite," It consists
of an eight watt. cold lamp in
a plastic tube about IA inches
long and less thar two inches
in diameter. Oil and water
proof and shock resistant, it
plugs into any alternating cur
rent outlet or, with an inver-
ter. can be plugged into the
cigarette lighter or tied directly
into the battery. 1t will pull
about one ampere.
= -
ROsenthal Chevrolet has lust
received the first of the Cor
vair Spirits with the Fitch
conversion which makes 1t a
ve"y. very nimble version Of the
standard Corvair.
The conversion, which re-
quires about % hours, uses four
carburetors, dual mufflers; has
tachometer and modified sus-
pension. It goes for about $700
over the standard Corvair price.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-03
By SYLVIA PORTER

and this year steel is Just be-
ginning to pull out of its pro-
longed slump.
A second obvious reason is
corporation confidence In the
economy's future. Even when
companies are loaded with cash,
they don't pay extra dividends
unless they anticipate a con-
tinued high level of profits. In
the first four months of 1868,
487 companies boosted their
dividends. SO more than in the
comparable period of 1862.
U. s. Policy Helps
A third vitality significant
factor was the Treasury's lib
eralization in 1862 of the rules
governing corporation deprecia-
ton which permits companies
to deduct larger sums from
their pre-tax income to write
down investments in plants
and equipment. AS a result,
companies need not depend so
much on their after-tax income
to finance plant expansion and
modernization and they have
a bigger portion of after-tax
left to distribute to
their stockholders.
To emphasize how significant
this is, in late 1862 almost two
thirds of after-tax profits were
paid to stockholders in COM
parison with an average Of only
81 per cent in 1950-61.
Many companies don't pay
any dividends, but attract
stockholders by promises of
long term growth. But more
than 1000 companies have paid
regular dividends on their COM
mon stocks for IS years or long,
er. OF corporations listed on
the New York Stock Exchange,
514 have paid cash dividends
in each year for Is years or
more.
distributed, 1853, by the Hall Syndicate,
Inc. All Rights Reserved.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-03
Small Investor Shuns
Wall Street Bargains

the market were probably cor
rected by the 1862 decline.
That should be behind us. Now
we seem to be In a position
where courage and confidence
should be justified.
1t is unfortunate that we
tend to remember with the
greatest keenness events that
have happened fairly recently.
The time to remember 1862 in
the market is when a top
heavy situation again builds up.
In my view this will take many
at least.
Another reason that the
small investor is staying away
from Wall Street is that the
decline has made income seem
more important. The profess
sional still ranks the hope for
capital gain and the hope to
combat the rising cost Of things
as his primary Investment OBJ
jective. He is still tax con-
scious. / think in time his
viewpoints will prove correct.
Right now business on the
New York Stock Exchange, as
measured by past standards, is
good. The security business
overall is not. Confidence has
still to return to the American
Stock Exchange and the region
al exchanges-to the overtime
issues which are not
dealt on any exchange-to the
common stock underwriting
business which involves the
sale Of new securities. In fact,
even on the New York Stock
Exchange the principal inter-
est has been in the very best
stocks.
1t would seem that in time
the whole industry would grad
ually return to a more normal
and natural situation.
Copyright by Gerald Loeb)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-03
JUNE SHOWDOWN
IN STEEL OUTPUT
MAY REACH 2Oo6

CLEVELAND, (AP).-A
showdown in steel produce
ton in June, predicted
heavy shipments Of fin
ished steel notwithstand-
ing, was forecast today by
Steel Magazine.
June production prob
ably won't equal the lis
million ingot tons pro-
duced in May" the weekly
Woodworking journal said.
1T may even drop 20 per
cent below the May level
to go million tons.
"A slowing down is ex-
pected because of the pros
poets for a steel labor
settlement and the up
coming vacation season."
The magazine said June
finished steel shipments
will be close to the eight
million tons it estimates
the industry shipped last
month-"regardless Of what
happens on the labor
front"
The publication said last
weeks output was an esti-
mated 2,630,000 tons, about
1000 tons above the pre-
vious weeks production.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-03
BY GERALD LOEB
North American Newspaper Alliance

NEW YORK. Where is the
small investor investing his
savings these days?
The amount Of business done
on the New York Stock Ex-
change in April was substan-
tial, averaging over 5 million
shares a day.
The rise in prices was one
Of the largest and sharpest
since the lows Of June, 1862, the
Dow Industrials gaining SO
points or almost 5 per cent
for the month.
The evidence. however, shows
that this activity and strength
was institutional and profess
sional. This means 1t came
from the funds and from those
who spend their full time max
ing their living in Wall Street.
The best evidence that 1t did
not come from the new in
weston the small investor -
the backbone Of the new "peo-
Piles capitalism"-is the pub
lished figures showing an abb
normally low volume Of trans
actions in odd lots, which for
most stocks means orders of
less than 100 shares each.
If this is the case, why
should it be?
Since the market made its
bottom last year the rise in
prices Of worthwhile issues has
been both substantial and con-
sistent. Normally, this would
encourage investors. This time
1t seems as If 1t had discour-
aged them. 1862 was q bad
year In the stock market. In
vestors were hurt and scared.
/ think they are still scared.
This is against the logic Of
the situation. The dangers in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-03
Dow Jones Opens
New Plant Here

Dow Jones g. Co. today OPEN
ed its new 36-acre publishing
plant on Route 20, White Oak,
Md.
The plant will produce the
Wall Street Journal for 10
Southeastern and Eastern
States. other eastern publica-
ton sites are in New York and
Chicopee Falls, Mass. The new
plant will provide offices and
production facilities also for
the National Observer, a week.
ly.
The company said building,
land and equipment cost more
than 50 million. There will be
about $50 employees.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-03
Furniture Sales
Increase in Area

The Federal Reserve Bank
Of Richmond has reported re-
tail furniture sales in the
Washington area up 7 per cent
in April over the same month
a year ago.
For the first four months Of
1868, the bank said. they
gained 9 per cent over the
same period last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-03
YOUR MONEYS WORTH
Dividend Payments
At AII-Time Peak

If I were to ask what group
of America is now enjoying the
fastest rate of rise in personal
income, / think many people
would say "the wage-earner or
salaried worker" Someone re-
Gently hit by heavy medical
bills might answer "the doctor
or dentist" Others might
choose the landlord"
All these answers would be
reasonable. but wrong.
The group whose rate Of in
come rise is now dwarfing most
others is: the stakeholder.
Cash dividend payments on
corporation stocks are climbing
to all-time peaks. In the first
five months dividend payments
have been way above IS bill
lion. On June 10, when General
Motors will pay an extra so
cent special dividend" on
top of its regular quarterly div
idend Of so cents. 1886 million
will go to GIN stockholders
alone. In 1868, dividend pay
ments are likely to approach
SIT billion against 1928 rec
ord high of $3.50 billion which
in turn was 6 per cent above
1861.
Stockholders Doing Well
In 1868. stockholders are get
ting a much larger share of
this Nations personal income
than the $l2.7 billion going to
all farmers or the $13.l billion
going to all landlords. The 1868
payout will represent an aver
age Of $1,000 for each Of our
Country's II million shareown-
ers and while not all corpora
tons pay dividends and not all
shareowners receive dividends,
this average does underline the
Importance of dividends in the
composition of personal income
today.
Most startling. though, Is the
central fact that dividends are
so rapidly rising a source of
personal income. for this is in
direct contrast to the trend of
the 1950s. In 1957-5S, dividend
income actually declined. Con-
slider these comparisons.
From January through De-
cember 1862. total personal in
come rose 5 per cent and this
also was the percentage rise In
wages and salaries. Rental in
come increased 2 per cent. Pro-
prietors' income (received by
business and professional per-
sons and farmers) rose 4 per
cent.
In the same period dividend
income jumped 9 per cent, al
most twice the rise in total
personal income or In wages
and salaries.
why the spectacular i'm
provement?
A first obvious reason Is the
upsurge in corporation profits.
At last official reporting date
in late 1862. corporate profits
were running at an all : time
record Of $500 billion a year
and the level is sharply higher
now. The influence Of profits
on dividend payments Is illus
trated by the way payments
vary from industry to indus
try.
In 1862. the auto industry
raised Its dividend payments
10 per cent above 1861 and
this year the Chrysler- General
Motors moves guarantee a fur
Their increase. At the same time,
the profit-squeezed steel indus
try slashed its dividend pay
ments 5 per cent under 1861
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-21

PANTS, wash, wear continental. Sizes 28 to
50. PIoids, cheeks--------------2.9
JACKETS, Dan River wash, wear, woter re-
PelIent. Tan, charcoal walnut
TIES. oil silk, lined for better fom-----9oe
HOSE, 1909 Supimo cotton, assorted
toF SSe
HOSE, 1902 cotton. White only. Ribbed
top--------------------- for 99e
SPORT SHIRTS, button-down collars. Iona.
short sleeves SO
DRESS SHIRTS, 1000 Supimo cotton. Shop
TOD, spreod coIlors- for S.
SWEAT SHIRTS, all cotton in assorted
Coiors -------------------
MATCHED OUTFIT, loOo0 cotton Twill
pants, oil cotton
GLOVES, 1000 cotton canvas work gloves,
3 for 8Se
BOYS SHOES, composition soIes, heels. 3
eyelets. Black only. D width onIy---2.33.
BOYS PANTS. 1909 royon, ivy style
Limited quantity
BOYS PANTS, 1909 cotton coneset. Sims.
reoulors. Limited quantity ---------l.99
SOCKS. 1902 cotton argyle pottern
ke9. 59c- for 8Se
CUSHION FOOT SOCKS, 1902 cotton.
Limited Quantity. Reg. 3 for 80, 3 for soe
BOYS SWEATERS, sIipoyers, cordioon
styles. Assorted eoIors. All sizes. Req. 2.oo
to 7.9e Observation-Disclosures OFF
T-SHlRTS. loo0O cotton. Sizes 6 to Is.
Reg. l.89 for LA
KNIT SHIRTS, 1000 AcYIon. Royol Oak.
Req. 80
BOYS KNIT SHIRTS, cotton with collar.
Solids. prints. stripes. Assorted coIors. Sizes
3 to Ok. Reg. SO -----------------96e
NYLoN SLIPS, all nyIon, lace and uffIe
trims. Sizes 2 to Ok. Reg. l.e8------96e
COTTON SLIPS. cotton evereIoze, ruffle
trims. Sizes to Ok. Reg. l.l9--------66e
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-21
MEN! SAVE SIS

Reg. SOS Gold LobeIs
Wards exclusive
3-bvtton eIossies, toi-
lored Of fine wool wor-
steds. Features: per-
monent crease troU-
sers. silieone finish, Son.
itizedeo Innings plus free
replacement IL suit
shrinks or Is moth dom.
oeed in one yeor.
All popular eolors.
'MeK. Shrink. I%
Evening star., 1963-05-29
SHEINWOLD
ON BRIDGE
Don't Disduin
Simple Finesse
BY ALFRED SHENwOLD

A certain kind Of finesse is
really a way Of setting up
tricks. You don't care whether
the finesse wins or loses: you're
actually more interested in the
tricks.
South dealer.
North South vulnerable.
NORTH
AKJ1O4
VA
o8753
%KJ42
WEST EAST
as A62
3KQJ9s5 0lO76432
% oQJ109
%Q9873 sc
SOUTH
AAQ9s73
v
oAK62
@A105
South West North East
IL ~ - So
6A All Pass
Evening star., 1963-05-29
BY Mort WoIker and Jerry Dunes
BY Johnny Hart

sions; (c) extinguishing Of holy
lamp.
4. Edacious. (a) voracious:
(b) brazen; (c) gifted with
sixth sense.
5. EeTie: (a) weird; (b) birds
lofty fastness; (c) impossible
TO believe.
6. Effigy: (a) corpse: (b)
moose for hanging; (c) likeness.
7. Effulge: (a) shine out; (b)
bulge out; (c) shrek out.
8. Ergo: (a) conceit; (b)
Nile river sailboat; (c) there
fore.
o. Disconcert: (a) throw out
OF concert hall: (b) embarrass;
(c) express discomfort about.
10. Embouchure: (a) trum-
peters mastery OF instrument:
(b) fidelity 10 score; (c) mouth
Evening star., 1963-05-29

Of river.
Answers: lib: &c; 3-b: 4-a;
5-a: &C: la; &c; 9-b: l0-c.
Interested in improving your
command Of English2 Simply
send a self-addressed, stamped
envelope plus 10 cents to Will
liam Morris. Good Grammar
in care OF The Evening Star
for his helpful booklet pointing
out 10 Of the most common
errors In spoken and written
English-and tested ways To
avoid them.
Evening star., 1963-05-29
WORDS, WIT
AND WISDOM
By WILLIAM MORRIS

Here's another OF our null
tiple-choice memory ticklers.
Try TO match the numbered
word with the lettered phrase
closest in meaning TO 1t. You'll
find several really tricky words,
so don't be too much surprised
II you don't score 100 first time
around. Answers down below
but don't peek.
/. Ebullient: (a) bullish: Cb)
bubbling over; (c) respondent.
2. Ecdysis: (a) analysis OF
the Bible: (b) solution 10 a
theorem; (c) stripping off outer
layer.
3. Eclampsia: ta) eclipse OF
moon; (b) attack Of convul-
Evening star., 1963-05-29
ADVERTISEMENT
FALSE Teeth
That Loosen
Need Not Emburross

Many wearers Of false teeth have
suffered real embarrassment because
their plate dropped, slipped or wob-
bled at Just the wrong time. Do not
live In fear Of this happening TO you.
Just sprinkle q little FASTEETH,
the alkaline (non-acid) powder, on
your plates. Hold false teeth more
irmly, so they feel more comfort
able. Does not sour. Checks plate
odor breath. Get FASTEETH at
drug counters everywhere.
Evening star., 1963-05-29
WORD GAME
Find 3s or more words in
v AG RTE

meaning "caprices." Average
mark is 81 words; time limit. 40
minutes.
n. RUE, ,oi o. the sams I, Words must
which acquire four letters by the addis
tion OF "H" such a. bats, eats I"
are not used 3 Only one form Oh a
word . used. 4. Proper names are
not used.
Answer 20 FALsITY
fatty, fast, fails, fils, fiat, fiat. fltiv
tlatt, flit, .flay. alif. ALT, Aiist, laity,
last, st. .lift, sail. salty, SALTY an.
Silt. silt, klat Slay. slaty, stay, tails.
Evening star., 1963-05-29

PSORIASIS? q I 4 i,Js:: ! "! :.ls iEi'

zemo "de-itehes" skin these 3 ways: ~
Reduces sensitivity to itching soothes.
eOols. (2) SURPRISES itching sensations.
CS) Acknowledgements healing. To get
the anti-itch action best for your type Of
itching. ask for either Zemo Ointment o.
Lemo Liquid. Both ''de-itch" effectively
Evening star., 1963-05-29

Opening lead: King of hearts.
East should have gone on to
seven hearts as q sacrifice. The
loss would be only one trick in
each suit, or TOO points-a lot
better than allowing South to
win the rubber with a slam.
There is this much to be said
for East's failure to sacrifice
he landed on his feet. Perhaps
he knew that South would find
a way to mangle the hand If
any way existed.
South won the first trick
with dummy's ace Of hearts,
discarding the five of clubs
from his hand. He drew trumps,
cashed the ace and king Of
clubs, and discovered that
nothing good was going to
happen in that suit.
Another Bad Break
Declarer went on to the dia-
monds and discovered another
bad break. No matter how he
twisted and turned he had to
lose two diamond tricks. Down
one.
South could assure the slam
by taking a club finesse. It
didn't matter which way he
took the finesse.
For example, suppose de-
clarer leads a low club from
dummy and finesS with the
10 (after discarding the five
of clubs at the first trick. West
wins with the queen of clubs
but South can later discard his
losing diamonds on dunmy's
king and jack Of clubs.
The important thing is to
make sure Of three club tricks.
Those tricks assure the slam
whether the club finesse wins
or loses.
Daily Question
AS dealer, you hold:
AKJl04 "a o8753 @KJ42
What do you say2
Answer: Bid one club. You
will probably have a simple re-
bid Of one spade.
General Features corp.)
The Nome nugget., 1963-02-08
Mucho Is a Dog of The ElectrOnic Age

ALEXANDRIA, Va. R - Mucho is a dog of the electronic age. He can take his commands (and obey them) from a walkie- talkie on his harness.
 It was obvious that Mucho, with the antenna sticking up from his side, loved this electronic busi- ness.
 ''He knows he's pleasing he knows it, Pvt. Eugene Yoakum of the Alexandria Police Dept. said.
 Yoakum put Mucho through his paces, standing about 40 feet away, and giving him the commands into Walkie-talkie in his hand. The receiving set and antenna were at tached to the harness of the big black and tan German shepherd.
 Down" Yoakum said into the Walkie-talkie. Mucho's ears prick ed up, and down the dog went. The dog came, sat and bounded away. all at commands heard on his radio, and he performed with gusto.
 It started last summer. Mucho, almost 4, had been in the police K-9 Corps little over two years. He rode often on the back seat of the patrol car with Yoakum, his master, and Sgt. Cecil Kesler.
 The two policemen noticed that when their car, K-9-1, was called on the police radio, Mucho got all excited, but didn't pay any at tention when he heard the noise of other cars being called
 The policemen thought perhaps Mucho noticed when they leaned over to pick up the receiver when their car was called. They arranged with the dispatcher to call them, and they just sat there without noticing.
 But in the back seat, Mucho jumped when he heard "K-9-1," stood up and jumped up and down, raring to go-his car had been called.
 Yoakum then started working with Mucho and a Walkie-talkie in his spare time.
 'It's something we're playing around with-never used it on a job," Yoakum said. "We didn't know such fuss would be raised about it. I think we'll perfect it now"
The Nome nugget., 1963-02-08
Marines Meet
 T.R. s Challenge

PENSACOLA, Fla. R, - U. s. Marines are on the march to prove they are just as fit as the leather necks of Teddy Roosevelt's day.
 From Florida to Arizona, it was "pick 'em up and lay lem down" for some e proud members of a proud corps who took suggestion from President Kennedy as a chal- lengt and set out to meet the challenge: hike 50 miles in 20 hours, double time the last half mile and run the final 200 yards.
 The first to report mission ac- complished was It. Col. James W.. Tuna, 49, a Marine stationed at the US. Army Electronic Proving Ground at Ft. Huachuca, near Tue son, Ariz.
 "I had a notion I could do it." he said after stepping off 50 miles in 1872 hours Wednesday,
 In Pensacola, Marine Sgt. Stan- ton E. Jordan ran the final 200 yards into his barracks before daybreak, completing 50 mile hike in IT hours.
 Jordan, on his day off, hiked around a five-mile course at the naval air station where he is drill instructor.
 "I considered this personal challenge" Jordan, 37, said.
 The rules of the hike were set forth by President Theodore Roo- sevelt in an executive order he signed in 1908. Gen. David Shoup ran across the old order and sent it to President Kennedy as his toric curiosity. The President sug- gested test to see "how we'll our present day officers perform the task specified by President Roose- velt."
The Nome nugget., 1963-02-08

SUBSCRIBE TO THE NUGGET
The Nome nugget., 1963-02-08
Sunday Will See Final Study Ali Methodist Church Of Southeast Asia Mission Program Series

Sunday evening at the Com munity Methodist Church, Pat Wilson, dietitian at the MIMI Hos pital will be the leader in the last of the SEE. Asia Mission studies which have been under way for the past month under the chair manShip of Anita Fenstermacher.
 Following the study there will be a panel discussion by the lead CTS of all four sections of the interesting work who are Dr. John Schadler, John Polling, James Hart, and Pat Wilson.
 The mission study will culmin- ate with worship service in the sanctuary of the church with Wen dell Smith, Ricky Young and Dick Arnold participating.
 Refreshments will be served and an exhibit from the areas study will follow the service.
 Persons who have not been talk ing in the programs are welcome for this last evening which sum- marizes and finalizes the program.
The Nome nugget., 1963-02-08
State Revenues Up Over Last Year

JUNEAU R-Gross revenue tax collections for the first seve months in fiscal 1863, through Jan. 31, continued to show an increase over collections for the same per- iod in fiscal 1862, the Department of Revenue said today.
 Acting Commissioner R. D. Ste venson said collections for the seven-month period ending Jan. 3l were $20,456,14O compared with $19,358,878 for the like period of a year ago.
 By judicial district, tax collec- tions were $4,846,O44 in the First Division, $474,584 in the Second Division, S1O,385,88 in the Third Division and $3,969,258 in the Fourth.
 The individual net income tax accounted for $8,O91, 1858 of the to- tai tax take. The highway fuel tax produced $3,585,252. Alcoholic bev- craze excise taxes accounted for $1,815,71O.