Construction
BUILDING • RESTORATION • ARCHITECTURE • SUBDIVISION DEVELOPMENT
This Week in Business
By George C. Harlan
United Press International
NEW YORK (UPl>—The bur
dens of President Kennedy's
global preparedness program
may turn out to be backbreak
ing, but what businessmen saw
immediately ahead this week
were higher profits.
The fastest indicator of the
sentiment of the business com
munity is the stock market and
it was bubbling.
What pleased the business
executives most was Kennedy's
present rejection of a corporate
tax hike to help pay for the .$3.4
billion in additional defense
spending called for in fiscal
1962.
The opinion prevailing within
the administration's inner circle
was that rising tax revenues
from a resurgent economy may
make a levy boost unnecessary
and that a tax rise now could
impair the already sluggish
spending by consumers.
Manpower and Production
Government economists also
are convinced that there is
enough manpower and produc
tive slack in the economy to
prevent increased Federal
spending from triggering a new
inflationary spiral.
Finally, the President ruled
Montgomery County
SENTINEL
CY M. CAMPBELL, Publisher
Byron Sedgwick, Editor
Established 1858 by Matthew Fields
MEMBER MARYLAND PRESS ASSOC'
AFFILIATE MEMBER NATIONAL
EDITORIAL ASSOCIATION
BENTINEL PUBLISHING CO. INC.
Published Tuesday, Thursday and Satur
day at 215 East Montgomery Avenue by
the Sentinel Publishing Co., Inc. Cy M.
Campbell, president.
Entered as second class matter at the
Post Office at Rockville. Maryland, under
Act of Congress. March 3, 1879.
SUBSCRIPTION RATES
Mail In Maryland and Ut* District of
Columbia
One Year *4 no
OWNERS NOTE!
SOLD
BEERS BROS.
916 SLIGO AVE., SILVER SPRING
JU. 5-7610 • JU. 9-0610
EVERYWHERE For Fort Results
LIST WITH US
CALL
JU 5-7610
out at this time any emergency 1 110 for the fourth consecutive
price and production controls monthly rise,
citing ample industrial mate- Individual preferences of in
rials and unused plant facili- dustrial companies showed a
tie '- rough pattern of better second
However, he left the door quarter than first quarter earn
open to a tax increase in Jan- ings but lower profits than a
uary if this should be neces-1 year ago. However, many cor
sary to make good on his pledge porations look for continued im
of a fiscal 1963 Federal budget provement over the remainder
“strictly in balance.” of the year. U. S. Steel and
The economy, continued to Bethlehem fitted into this pat
kick up its heels rising to within | tern, but U. S. Steel managed to
striking distance of a new rec-; more than earn its quarterly
ord. The Commerce Department, dividend while Bethlehem did
i eported business activity' in not cover the payment for the
June showed gains in employ'- fourth consecutive quarter,
ment, national income and in- Retail Auto Sales
dustrial production. Retail auto sales in mid-July
FRB Production Index spurted to the highest level for
The Federal Reserve Board's i that period since 1955 and were
Production Index 1957 equals'the largest for any mid-month
100 rose 2 points last month to j sales period this year. Dealer
’’Gold Medallion’ Homes
Win Early Acceptance
Ridgeview Estates “Gold Med-1
allion” all-electric homes, which , <
opened last week in the Fair- 1 1
land -area of Montgomery Coun-, 1
ty, won immediate acceptance 1
from visitors attending the in- i 1
itial showing. (
One of the first major “Gold :
Medallion” projects in this area, 1
Ridgeview Estates will have 350 *
homes when completed.
This new Fairlar.d commun- J
ity features distinctively design
ed split-foyer ramblers, tradi- !
tional ramblers and colonial
split-levels priced at $24,990. All :
of the homes are completely j
electric-equipped for economy ■
and coAvenience.
Electricity is the sole source
of fuel for heating by heat
pump with year-round temper
ature control: automatic water
heating, cooking and refrigera
tion. Electric laundry equip
ment and many other “electric”
extras are found throughout
these Ridgeview Estate homes.
The split-foyer rambler with
center hall, has three bedrooms,
two baths and full basement:
the traditional rambler model
has four huge bedrooms, two
baths, full basement and garage
or double carport: the colonial
split-level model has three huge
bedrooms, two deluxe baths and
a garage or double carport.
Andris Realty is handling all
sales at Ridgeview Estates. The
model homes may be seen by
driving out Route 29 (Colesville
rd.) four and one half miles be
yond White Oak Shopping Cen
ter to Fairland-Beltsville rd.
Left one and one half miles to
Ridgeview Estates on the right.
JERRY COOK, INC. /g%
REALTOR INSURANCE l|§gP
ASSOCIATE; OAKIE McDANIEL
Cook-Watkins Bldg. Damascus CL. 3-2311
Home Builders to Meet
In Seattle August 16
Emerson G. Reinsch, presi
dent of the Home Builders As
sociation of Metropolitan Wash
ington, Inc., will lead a delega
tion of eight local builders to
Seattle, Washington on Wed
nesday', August 16th, to attend
the NAHB Summer Board of
Directors meeting and the fifth
annual national executive mar
keting conference.
Representing the local build
ers' group, which is the second
largest in the United States af
filiated with NAHB, in addition
to Mr. Reinsch, the following
sales were up 13 per cent from
the period a year ago.
L. L. i Tex) Colbert, bowing
to bitter stockholder charges of
corruption and mismanagement,
resigned his $250,000-a-year job
as head of Chrysler to make
way for a new management
team patterned after the style
of its bigger competitors, Gen
eral Motors and Ford. He de
parted leaving the company
$15.7 million in the hole for the
first six months.
American Motors dropped a
bombshell in offering its work
ers a profit-sharing plan. The
company said 10 per cent of
profits before taxes, after set
ting aside a reserve of 10 per
cent of the stockholders' equity,
would be contributed annually
to the “Progress Sharing” fund
for union employes.
Tack It
NEW YORK (UPD —Carpet
ed stairways should be securely
tacked top and bottom and at
the base of each riser—to pre
vent accidents.
members will attend: Stephen
G. Yeonas, Ist vice president;
John G. Gosnell, 2nd vice presi
dent; Frank Calcara; Ralph D.
Rocks; Henry J. Rolfs; Stewart
Bainum and Michael G. Cappy.
W. Evans Buchanan, 2nd vice
president of NAHB, and Joseph
Geeraert, regional vice presi
dent of Region IV of NAHB,
will also play a large part in
the outstanding program which
has been arranged.
The fifth annual marketing
conference will bring together
the top manufacturers in the
home building supply field to
discuss with builders their com
mon problems.
The meetings of the National
Board of Directors of NAHB
will be highlighted by import
ant policy decisions regarding
the administration of the 1961
Housing Bill.
Col. James W. Pearson, Exec
utive Vice President of HBMW,
will precede the builders’ group
on August 11th at which time
he will fly to Portland, Oregon
to attend the Executive Offi
cers' Council of NAHB. Col.
Pearson is a Past President of
the Council. After attending
the sessions of this group, he
will proceed to Seattle for the
opening of the National Board
of Directors’ Meeting on Au
gust 17th.
Maryland News In Brief
(From International 1
HAGERSTOWN—A discovery
at the Coffman Cancer Research
Center in Hagerstown indicates
the possibility of a major ad
vance in the search for a cure
of a dreaded disease—leukemia.
: Scientists at the center report
they have found that the blood
disease may be transmissable
i from one human to another.
The center is participating in a
nation-wide medical effort to
find a cure for the disease.
BALTIMORE Baltimore’s
j grand jury probe of a night-1
i club section known as "The |
! Block” continues today with a
half-dozen more witnesses ex- j
i pected to testify before the pan- j
el. Identities of the witnesses
j have not been disclosed, how- i
i ever.
■■
GAITHERSBURG .
Three New 3 bedroom brick
homes priced from
$19,700 to $20,500.
HENRY W. BECRAPT
REALTOR
WA. 6-3000 Wl. 8-9292
RENTING?
For reliable, conscientious man
agement service, cell PO. 2-4374
BRIDGES & PETER. Inc.
REALTORS
12 S Perry Street. Rockville
Members: Multiple Listing System
THIS S LOT OWNERS ONLY
is C y^|j A ||yg|‘ A gYpYPPj 7 Coupon Today!
|U|| I \ HOME COMPLETELY I
wnEIL 1 ERECTED A FINISHED M WmfflM
1 on your lot for m mffmM
| mum wo DOWN PAYMINT • ®|g| j
v >r Bin JM ****tf/f£fjjff**
;T '"**
M* 5 " tgo- Bedroorm • Liv. Rm. • Din P-r M | |
nip* • Finished Kit. w/Birch Ceb. • Full 3-Piece Beth M£ 4 J Ar * You ° ot o wn9r ? j
Set • Plumbing includes septic field & well (100 B•'M. | □ Yes □ No !
Wi... W ft. Mex.l • Complete Electricity • Full Heat • Your MM* . , ...
'g Choice of Color Throughout • Garage, Carport, | j * °* " BC * f *
iff 1/ THIS IS A 100% COMPLETED HOME j Nim .
iB WII fi Inland Horn.l Aufhorind Builder. Q A -k 7/lAfl •
B 1 A'm office open daily 9.7 -J-zhuu ■ Addr...,,
SAT. 10-5, SUN. 12-4 Out of Town Call 5
|
WASHINGTON 12, d. c.
Prudential Headquarters
In Wheaton Is Started
Construction of a new office
building for the Prudential In
• surance Co’s Silver Spring dis
trict headquarters has started at
: 2414 Blueridge ave., Wheaton.
The building, which is sched
uled for completion early next
' year, will be a modem one
story, air-conditioned structure.
| A city parking lot is across the
11 street.
Prudential will lease the en
, t tire building from the owner,
Building Partnership.
’ i The company's Silver Spring
' j district office serves approxi
■ j mately 10,000 families and has
i over SB7 million worth of life
I insurance in force. It has 58
l full-time employees and is cur
- rently situated at 8641 Colesville
: rd.
William J. Link, Manager,
said the move is being made to
increase efficiency and to keep
j pace with the rapid expansion of
, the entire area.
i!
Grace Names Slone
r 1 W. R. Grace & Company's re
[ search center in Clarksville this
> week announced the appoint
‘ ment of Irving C. Stone, jr„ to
I j the Analytical and Physical Re
- search Department. The new ap
■ pointee will work in x-ray
Press Intel national! ;
Meanwhile, police are report-;:
edly are expected to charge a
third man in the Edward Cas-j
tranda slaying case. Castranda;;
was shot to death In his car
outside a highway diner July
15th. In another development of ■
the many-sided investigation,
the FBI has joined In the search
for Angelo Perrera, one of those
charged In the Castranda case.
And a fourth man . . . identi
fied as 49-year-old Benjamin
Wildstein, a salesman ... is be
ing held for investigation of
' homicide.
BALTIMORE There’s re- j
portedly no threat of a sellout!
for a scheduled SIOO-dollar-a-1
plate testimonial dinner for Gov- j
AEC AREA
Old ctr.-hall house on 1 acre; liv. j
rm., din. rm.. family rm., extra Ige.
kit. A bath on Ist floor. 4 very
Ige. bedims. A bath on 2d floor;
h.-w. h., detached garage, all this
for *20.500; If you want a large |
spudous home in splendid cond., then
don’t miss this one.
HKNRV W . UK. ft AFT
REALTOR HA. H .WOO. HI. g-922
Real Estate
analysis and optical and elec-J
tron microscopy. He holds a
■ master’s degree in geochemis
try from George Washington.
Presently living in Springfield,
. Va„ he plans to make his home
in Ashton.
Named to Board
Harry Switzer, president of
. Switzer & Co., Silver Spring
, investment bankers, and a for
■ mer assistant vice-president of
; the Suburban Trust Co., was
- elected a member of the board
i of directors of Tech Serv Inc.,
■ of College Park, at the firm's
! 1 annual stockholders meeting.
Peoples Expanding
George B. Burrus, president
i and chairman of the board of
1 1 Peoples Drug Stores, Inc., an
nounced the opening of a new
self-service store in Roanoke,
Va. Five additional store open
ings are scheduled during
August—in Hampton, Va.; Cum
berland, Md.; another in Roan
. oke, one in Danville, Va., and
outside Youngstown, Ohio.
The prairie dog is a teetota
-1 ler. He drinks no water, but
receives moisture from the
; green plants that he eats.
ernor Tawes September 21st. |
Tickets are selling slowly and !
Democrats apparently plan to!
stay away by the busload. For
mer Governor William Preston
Lane withdrew earlier as chair
man of the dinner and it may
have set the theme.
(ANNAPOLIS) Governor
Tawes is asking the Navy
whether it would consider turn
ing over the Bainbrldge Naval
Training Center to Maryland.
A spokesman for the governor
says the governor has sent a
letter asking the question to
Navy Secretary Paul Fay, Jr.
But the spokesman says no an
swer has yet been received. The
I huge base is seen as falling into
| disuse.
■1
My A TRUSTED NAME
|mi im
CHARLES H. JAMISON
Real Estate Appraisals Livestock
Specializing in Farms & Acreage—Montgomery and
Frederick County
Development land Montgomery County
Office— Poolesville, Maryland
Phones: Windsor 8-9223 301 Diamond 9-3262
SENTINEL SSS3STS
Saturday, August S, 1961
Legal Advertisement
Sealed Bids
Sealed Bids will be received
by the Montgomery County
Purchasing Office, Room 605,
County Office Building, Rock
ville, Md. for the purchase of
the following:
Laundry (Warehouse Jackets
& Coats, Coveralls), August 11,
1961, 3:00 P.M.
Palmyra Broom Fibre & Steel
Gutter Broome Wire, August
11, 1961- 3:00 P.M.
Cash Register Rolls, August
9, 1961, 3:00 P.M.
Fender Lights & Sirens, Au
gust 14, 1961, 3:00 P.M.
Batteries, August 15, 1961,
3:00 P.M.
Gasoline & Oil, August 23,
1961, 3:00 P.M.
For further information con
tact the Purchasing Office, PO.
2-2121, Ext. 284.
Montgomery County
Purchasing Office
lt-762-8-5
-
Eating Pretty
NEW YORK (UPl)—The
average expenditure for food
per household during the past
eight years has increased less
than 20 cents a week, despite a
growing number of food proc
essing steps required, the Na
tional Association of Retail
Grocers reports.
It’s Rosy
NEW YORK (UPl)—The
; business outlook Is rosy for the
nation’s rose growers.
All-America Rose Selections
forecasts that Americans will
buy a record breaking 50 mil
lion rose plants within the next
12 months, pushing sales of
general nursery stock above the
$1 billion mark for the second
consecutive year.
Under terms of the State Con
stitution, no county in Arkansas
can be reduced to an area of
less than 600 square miles.
FOR ANY
I PO. 2-4302 1
JOSEPH F. HAGAN
I AGENCY |
Your INDEPENDENT Agent
5