Evening star. [volume], November 21, 1950, Page A-7, Image 7

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
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Patterson to Retire From Baltimore Sunpapers
By the Associated Press
BALTIMORE, Nov. 21.—Paul
Patterson, a newspaperman for
more than 50 years and for the
last 31 years president of the A.
S. Abell Co., publisher of the Bal
timore Sunpapers, will retire next
January 31.
He will be succeeded by Wil
liam F. Schmick, sr„ who has been
connected with newspapers him
self for more than half a cen
tury. Mr. Schmick is now execu
tive vice president of the com
BULLIONS tf/mmiBm KNORJRQM EXPERIENCE whmt ANAHISTem* d»t
STRIKES where COLDS Strike First
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Quickly relieves sniffles, sneezes, stuffed-up nose, watery
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«luat Squeeze for •
Pine-Spray Mint of ANAHIST
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•tance released in nasal passages—quickly
helps swollen, irritated membranes resume
a more normal condition, anahist—Amer
ica’s Number One Antihistamine—outsells
•11 others! Buy at your DRUG STORE.
Aaerict’s Inker Am
litikistuhe
pany. which publishes the Sun,
the Evening Sun and the Sunday
Sun and operates Television Sta
tion WMAR-TV.
Mr. Patterson will remain a
member of the Board of Directors.
Mr. Schmlck Mr. Patterson
The company announced the im
pending changes in a 130-word
statement on the editorial page
of today's Sun.
Mr. Patterson joined the com
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pany as managing editor of the
Evening Sun in 1911.
His career in the newspaper field
includes a long tenure as a mem
ber of the Board of Directors of
the Associated Press, from which
he retired this year. He also is
a former Associated Press vice
president and he served a term
as president of the American
Newspaper Publishers’ Association
in the early 1920s.
Doomed Nazi General
Loses Appeal Here
A Nazi general yesterday lost a
District Court move here to over
turn his death sentence imposed
by an international tribunal on
atrocity charges.
Maj. Gen. Otto Ohlendorf was
convicted in Germany about seven
months ago of having had a hand
in the murder of nearly 1 million
helpless people, principally Ger
man anti-Nazis, under the Hitler
regime.
He had a German lawyer pre
pare a habeas corpus petition and
mail it on his behalf to the Dis
trict Court clerk’s office. He con
tended the international court
that convicted him had no power
to do so.
Judge Alexander Holtzoff yes
terday turned him down here on
grounds that a United States
Federal court has no jurisdiction
to rule on the judgment of the
international court. Judge Holt
zoff also ruled the petition invalid
because Gen. Ohlendorf is a non
resident enemy alien.
The judge’s deision was in line
with the recommendations of
Washington attorney Nicholas
Chase, court-appointed to report
on the law governing such cases
and to look out for the general’s
interests.
Gen. Ohlendorf is in a war
crime prison in Frankfort, Ger
many.
Gen. Ramey Engaged
FORT WORTH, Tex., Nov. 21
(/P).—Maj. Gen. Roger M. Ramey,
Air Force director of plans and op
erations and former commanding
general of the 8th Air Force, and
Miss Latane Worsham of Fort
Worth will be married Decem
ber 27. Miss Worsham’s father
said yesterday the wedding will be
at Shelbyville, Tex.
A firm at Bussum, Holland, is
offering for export patent-leather
boudoir slippers and dolls, both
dressed and undressed.
£ WHY DO STOCK PRICES CHANGE ?
Imagine a typical auction. The auc
tioneer calls for bids on some early
American chairs. He points to one.
**/ hear $40. Forty-five? Thank
you, sir!
U
"Will someone make it fifty? Forty
five 1 have—a lady bids $50. Fifty-five
over there—and sixty?
"Sixty, a bargain at $60. Sixty-five?
Do I hear sixty-five?... Sold for $60.”
On the New York Stock Exchange
there is a continuing auction... in
stocks. But unlike the country auc
tion, the Stock Exchange is a market
place for securities in which thou
sands of investors, from all over the
country, participate daily. Their
orders are serviced by its members,
acting as their agents, every busi
ness day.
Actually, it’s a double auction,
working both ways. Bidders want to
buy their stock from sellers at the
lowest possible price. Sellers want to
g§t the highest price for the shares
they are offering. When a buyer’s bid
and a seller’s offer arrive at a mutu
ally acceptable price, a purchase is
completed, a sale is made... at the
best price available in this national
market, at that moment.
That’s the kind of give and take
goingon till the time at the Exchange,
in the 1,500 stocks that are listed.
That’s why stock prices change. A
buyer whose bid is too low can raise
it. An offer to sell that is too high can
be lowered. It’s an auction market
... for buyers and sellers.
All kindsof factors influence people
to buy or sell... earnings and divi
dends . . . purchasing power of the
dollar... new production records ...
a war won or threatened... a change
in tax laws . . . strike news . . .
other factors.
The Exchange does not set prices.
Prices are determined by the public’s
appraisals of the attraction of stocks
in terms of benefits offered and risk
assumed. The Exchange does see
that prices are arrived at openly
and fairly, and published promptly.
*
A SHARE OF A BUSINESS. When yon buy or sell a share of stock, you buy
or sell a share of a business, an interest in everything that company
has —its laboratories, supplies, patents, factories, reputation. Infor
mation about any corporation’s operations and financial condition, its
earnings and dividend record—facts essential to an investment decision
—are yours for the asking, without obligation, at offices of member
firms of the New York Stock Exchange. They are located in 377 cities.
* * r
- ¥
Member Firms of ike New York Stock Exchange
AUCHINCLOSS, PARKER & REDPATH
729 15th St. N.W.
IACHE & COMPANY
Hotel Woshington
ALEX. BROWN & SONS
604 American Security Bldg.
FERRIS & COMPANY
— 323 Washington Bldg.
FOLGER, NOLAN & CO.
730 15th St. N.W.
HEMPHILL, NOYES, GRAHAM,
PARSONS & CO.
Shoreham Bldg.
W. B. HIBBS & CO.
Hibbs Bldg.
HIRSCH & COMPANY
1624 Eye St. N.W.
ROBERT C. JONES & CO.
613 15th St. N.W.
1713 Eye St. N.W.
LAIDLAW & CO.
821 15th St. N.W.
MACKALL & COE
626 Woodward Bldg.
OFFICES 1N NEARBY COMMUNITIES
AUCHINCLOSS, PARKER & REDPATH
'It
", Bonk of Silver Spring Bldg,
8701 Georgia Ave.,
Silver Spring, Maryland
4
MERRILL LYNCH, PIERCE,
FENNER & BEANE
815 15th St. N.W.
ORVIS BROTHERS & CO.
Woodward Bldg.
STEIN BROS. & BOYCE
321 Union Trust Bldg.
t
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Paris I Put yourself in this picture ;.. visit
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"Up-and-down" heat
^endangers family health,
authorities wam
1
“The body’s power to resist disease is |
lessened under exposure to temperatures £
that are constantly changing. Babies, old
folks and invalids are especially sensitive • I
to temperature variations/ For good health, f
homes should be kept at a constant tern- f.
perature.” Charles T. Foulk II, Health
Officer, Bloomfield, New Jersey,
tu
I Astonishing automatic CONVENIENCE
| 1
| l»ll to. *0»«-S»VI«0 SI»»U silts d »«*'•“••> j
IennumK**"""’" 1
c1
'“-"‘ssr.s i
In economy o ovaj Modem conversion
l
furnace, feed coal and remove ashes. j
MTHUTUU ...+
A complete boiler-burner
unit with induced draft. De
livers maximum heat with
H hard coal. Compact. Com
m nletely automatic from coal
P bin to ash removal. Provides
m year-round hot water,
ft Highly efficient combustion.
1 M MINIMA ill
1| 7T efficient furnace-burner unit. Compact.
I . fsssxs^tL-*
I Don't delay enjoying the wi'Stt!
1 Of automatic hardtoal heatmg! You can t atiora
Get healthful STEADY heat with Hard Coal
- be more comfortable too. Clean, safe!
Get AUTOMATIC Hard Coal equipment and
cut fuel bills in half!
• Every winter many families suffer discomfort,
colds and other winter illnesses as a result
of “up-and-down” heat from non-solid, So-called
L “modern” fuels. Here’s what happens. The
thermostat shuts off the fire completely. The
gii warm air in the rooms rises to the ceiling.
m Cold areas and drafts are created.
pi You don’t get "up-and-down” heat with hard
j i coal. Heat with modem fully automatic hard coal
$ equipment is thermostatically controlled—but
g| your fire is never completely “off.”
Big savings! With modern automatic hard
coal equipment you get the convenience of
m automatic beating, and because you bum the
^ cheaper sizes of hard coal, you save as much
as half your present fuel bill! And . . . if you
have hand-fired equipment, you can still cut your
fuel bill as much as 20% just by adding an
inexpensive thermostat.
For full information on modern automatic hard
coal heating, write Anthracite Institute, 101 Park
Avenue, New York 17, New York.
America’s best fuel buy is
ANTHlUaTE
Hard Coal Is 8 Ways Bettor:
1. Steadier, more
comfortable heat.
2. More healthful heat.
3. Clean heat... no greasy
smudge or odor.
smoke under any
conditions.
£. Automatic Hard Coal cuts
your fuel Mil—savings
help offset higher taxes.
6. Safe beat... no worries
about possible explosions.
7. You can store a full
winter’s supply in advance.
It’s not hoarding: it keeps
mines operating the year
’round, helps keep
America strong!
8. Automatic Anthracite
equipment gives you
modem convenience.