Newspaper Page Text
THE EVENING STAR. Washington, D. €. MONDAY. FEBRI'ARY *B. 195.1 There 9 * Always a flower bargain at Blackistone's Phony *» visit yout twenty shop [FINANCE] • Residential • Commercial • Subdivision $ FIY NORTHWEST STRATOCRUISERS- • • WORLD’S MOST LUXURIOUS AIRLINERS • THE ONLY DE LUXE OVERNIGHT STRATOCRUISERS • ] SPOKANE • SEATTLE j 0 • Wide, comfortable berths • Smart lower-deck lounge. f ® available. e Delicious complimentary buffet. 5 # • Pressurized to fly high # # above the weather. • Complete beverage service. % Lv. Washington 7:45 pm ... Ar. Seattle 7:30 am £ A (Via Northwest connection to Detroit) £ £ Sleep comfortabiy...at slight additional charge. £ eRR , | thorn: STERLING or your Travel Agent £ ! NORTHWEST ! « a Shortest, fastest to the Orient £ t i_ ___L -\ : ' ■ • X, " '. « ■' IMS NEW YORKER DELUXE 4-DOOR SEDAN The switch is to CHRYSLER... There’s a Trend-Setting Look to the new also today’s highest-quality engineering. New Slllffl II AUf AVt||A Chrysler .. . longer, sleeker, and inches V-8 engines up to 250 hp combine with CHIU llvlf IU lower than other big cars... that is attracting the world’s most automatic transmission new owners by the thousands. Easy to ... and the only genuine Full-time Power _ spot a mile away, every new detail is Steering ... to deliver performance that IO EAEVEE# I unmistakably Chrysler ... from the massive lesser cars cannot hope to equal. All in all, ,19 WW U_W ■ forefront to the bold and jaunty Twin-Tower here is 1955’s finest blend of fashion and tail lights. And back of this new Chrysler action. Small wonder it’s such a Success as look of smartly “tailored steel’’ there is America’s Most Smartly Different Carl i More Vision Is Safsr Visionl Chrysler’s new sweptback Super-Scenic Unmistakably Chrysler is this massive new front-end Windshield is the only “wrap-around” that achieves it. It eliminates styling with its distinctive divided grille. The sloping dangerous eye-level blind spots by “Wrapping around” both top and hood line and clearly defined fenders add a pleasing bottom. And as no windshield with straight up-and-down posts can dash of sports-car flavor . . . besides aiding driver possibly do ... it enhances the car’s look of swift, sleek mobility. vision whenever close-quarter maneuvering is called for. ■ GOOD DRIVERS DRIVE SAFELY! 1 ■ ■—■ '■ SEE YOUR NEAREST CHRYSLER-PLYMOUTH DEALER ——— FOR THE BEST IN TV. SEE "IT'S A GREAT LIFE,” "CLIMAX!" AND "SHOWER OF STARS." SEE TV PAGE FOR TIMES AND STATIONS ■— A \ A ok 1 Committee Calls For U. S. Sovereignty In Peaceful World By th« Associated Press A call for a firm American policy based on the Independent sovereignty of the United States in a peaceful world community of free nations was made yester- REPAIRS 1 1 Pick Up AD. 2-7100 Delivery t day by the Committee of En dorsers. The committee, whose full name is the Committee of En-| dorsers of a Program to Govern Our Foreign Relations, said: ■ “Our aim must be to neutralize,' isolate, reduce and effectively eliminate Communist power. “This policy of firmness does not mean we favor preventive war. Nevertheless our enemies should be set on notice that we will not shrink from war of the Kremlin forces us to choose between conflict and surrender to Communist slavery.” Specific proposals included withdrawal of recognition from the Soviet Union and its satel lites and expulsion of Com munist states from the United Nations. It also urged that the Ameri can Constitution be amended to provide that “neither the U. N. Charter, nor treaties, nor cove nants. shall supersede it.” The committee said its state- ment was issued by a' distin guished list of Americans, in cluding publishers Basil Brewer of New Bedford, Mass., and Wil liam Loeb of Manchester, N. H ; Maj. Gen. Claire L. Chennault, , Gov. J. Bracken Lee of Utah, former Secretary of the Treas | ury John W. Snyder, Lt. Gen. i George E. Stratemeyer, Lt. Gen. i Albert C. Wedemeyer and these > Republican Congress members: i Representatives Bentley, Michi ! gan; Gwinn, New York; Jackson, i California: Sheehan. Illinois: ' Lawrence H. Smith, Wisconsin, and Wint Smith, Kansas. Ij i Ground for New Church 1 At Langley Park Is Broken ' A ground-breaking ceremony for the new St. Michael and All ' Angels Episcopal Church was held at 8601 New Hampshire avenue, Langley Park, Md., yes terday. | George Braley, 7, and Char | lotte Parker, 12, broke ground | with a gold shovel as more than ! 100 parishioners and friends | watched. The new $55,000 structure, to serve eventually as part of a ! parish hall, will be used for services until a sanctuary is 1 built. The Rev. Don C. Shaw, min ister, presided at the ceremony. b,sura.ee I W | T || mJn 1 SHIVERS AND p~ j BE SURE! \ I Bffil All kinds of liability and accident . . gSB» Bonds—contract, fidelity and surety . . . _ \ sg&j Workman's Compensation Business ■Cfl * 1 rag interruption—explosion, fire and extended £•#£ coverage . . . All other forms of fire* - §py *) IHI surety and rasualty insurance. VjK/ II AStOCIATtS: ®“* Thomas J. Crimmins James S. Hiatt Hugh W. Smith Wilbur G Myers INSURANCE AGENCY 1010 Vermont Ave. N.W., Washington 5, D. C., District 7-1100 ‘Hi-Fi Fair' at Harrington Brings 50 Exhibitors Here Special Displays And Door Prizes Part of Event The magical—and noisy—world of “high fidelity” will invade Washington this week end for the second annual “Hi-Fi Fair” at the Harrington Hotel. The three-day exhibition of good music electronically repro duced will be held 5 to 11 p.m. Friday. 10 a.m. to 11 p.m. Sat urday and 1 to 10 p.m. Sunday on the first two floors of the Harrington. More than 50 exhibitors Vlll show hundreds of new products from the United States. Eng land. Germany and Holland. All designed to stimulate inter est in better music in the home, the exhibits will include records, amplifiers, turntables, speakers, cabinets, tape machines and other devices. A variety of door prizes will be offered to visitors who attend the show without charge. “Miss Hi Fi,” queen of the fair, will award prizes over the air on Radio Station WGMS. The queen will be chosen this week in a < plll V * t ja ms lJ| ul** J TINY RADiU—ibis FM re qpiver will be shewn at the “Hi-Fi Fair.” The listener is Ulrich Gieseler, a model for Phyllis Bell. competition for the Washington girl with the prettiest ears. Among special displays will be an all-electronic orchestra dem onstrating “stereophonic” sound from speakers grouped in the po sition of instrumentalists during a concert. Another feature will be a min iature “soundorama” concert of music played by professional mu sicians and then immediately played back from a tape recorder, so listeners can make their own comparison between live and re corded music. Chicago Livestock CHICAGO. Peb. 28 (>PI (ÜBDAt. Salable hogs 13.000; slow, butchers and sow unevenly 25-50 lower than last Friday’s average; bulk sales butch ers 190-230 lb 15.75-16.25; occasional lots butchers 230 lb as low as 15.50; a few loads and lots choice No 1 and 2 s 220 lb down 16.25-18.50; one load around 225 lb 16.75; 240-280 lb 15.00-15.75; 290-360 14.50-15.00; choice sows under 450 lb 13.50-14.50; mainly 14.25 down; 450-000 lb 12.50- 13. 00. Salable cattle. 18.000; salable calv«s. 400; steers, high choice and better, mod erately active, steady to strong; good to average choice grades slow, steady to weak; steers commercial and below fully steady; a few heifers early strong; the general heifer trade steady to 50 lower, mostly steady to weak; cows slow, steady to 25 lower; bulls around 50 higher; velaers weak to 1.00 lower: two loads mostly prime steers, .‘12.00 and 33.25: high choice to low prime, 28.50-31.00; bulk choice grades. 24.00- 28.00: good to low choice. 19.50-23.75; some high utility and commercial Hol stein steers, 16.00-18.00: a load of choice and prime 905-lb. heifers. 26.25; most good and choice heifers. 18.50- 24.00; commercial to low good grades. 15.00-18.00; utility and commercial cows, 11.00-13.50: canners and cutters. 9.00-11.25; practical top weighty com mercial bulls. 16.00; good and choice vealers, 20.00-24.00: cull to commercial grades unevenly, 5.00-19.00; Stockers and feeders about steady; a load of good 825-lb. feeding steers. 20.25: a load of medium 80<Mb. weights, 16.76. Salable sheep 4.500; slaughter lambs slow, market not entirely established; but early sales steady to weak; two loads and lots good to prime wooled lambs 21.50-23.00: latter price includ ing a deck 102 averages; two loads mostly choice 107 lbs lambs 22.25: most cull to low good lambs 15.00-21.00; slaughter sheep about steadv; cull to choice slaughter ewes 6.60-9.00. Metal Quotations „ NEW YORK. Feb. 28 (jP>.—Soot non ferrous metal prices today: Copper 33 cents a pound. Connecticut valley. Lead l.> cents a pound. New York. Zinc UVa cents a pound. East St. Louis. Tin 91 Va cents a pound. New York. At Pittsburgh. 0 - 1 he * TV WBi qUOted “ STORE FOR RENT 17,400 Sq. Ft. on 2 Floors Choice Wit. Art. Shopping Center 252 Parking Spaces at Door 74-Ft. Frontage Finished to Tenant's Requirements May Be Subdivided Kass-Berger, Inc. EM. 3-8100 If missing buttons get him down ... If laundry gives you such a fright. Improper starching mokes him frown— Wien it's not clean or ironed right— ~~ ~ 'MI w QoflfiS If everybody acts quite nervous Then, ma am, you II find Manhattan Laundry When you have late laundry service— Frees you from your gleaning quandary. At Manhattan, al! your pieces are given extra-gentle care. They are returned to you WKBr sparkling clean with a minimum of wear— W, WfTjY/f/f because they are sorted by colors and types Wm i *1 and locked in separate nylon net bags while MJ See for yourself. Your Manhattan route- Wf fJ( ( J^! jL jfflk man can give you details. Or call DUpont j WM 7-1111. Early morning collection and deliv cry service if desired. Diivf-iN siavicii WASNINOTON: 1326-1346 Florida Ava.. N. W akunotoni 2330 Columbia Pika at $. Adams St B. & 0. January Income Gains, While ACL Shows Slight Drop By William A. Millen The Baltimore & Ohio Rail road Co. today reported its net income for January was $1.119,- 393, a (43,229 increase over Jan uary, 1954. Last month’s operating rev enues totaled $30,225,529, a drop of $1,493,649 under January. 1954. Net revenue from railway oper ations in January totaled $5.- 856,886, contrasted with $5,720.- 260 in January, 1954, an increase of $136,626. Operating expenses: Last month. $24,368,643, against $25,998,918, a $1,630,275 drop. The Atlantic Coast Line Rail road reported net income of sl,- 721,658 for last month, compared with $1,743,663 for January, 1954. Operating expenses for January. 1955, were $11,375,730 against $10,653,807 for January, 1954. Operating revenues for last month totaled $13.6Q8,037 against $13,652,979 for January, 1954. TWA Bookings Gain Trans World Airlines District Sales Manager John Brock to day reported that domestic pas senger boardings in Washington were up 20 per cent in January compared with that month a year ago. D. C. Bank Clearings Up 11% From 1954 An 11 per cent increase in bank clearings this month over February, 1954, was reported to day by W. N. Cradlin, assistant manager of the Washington clearing house. The figures: This month, $457,914,824 against $411,864,- 391 for February, 1954. For the first two months of this year, the bank clearings total $972,072,975. This com pares with $847,067,188 for Jan uary and February of 1954, Mr. Cradlin declared. While the gain is impressive, the record is still held by De cember, 1954, when bank clear ings totaled $553,025,666. Mutuol Funds NEW YORK. Feb. 28 (4*).—National Association Securities Dealers, Inc.: (Noon Quotations.) Bid. Asked. Affiliated Fund 5.91 6.40 Am Bus Bhares 4.16 4.44 Am Mutual Fund 8.18 8.93 Atom Dev Mutual 13.87 15.12 Axe Houghton Fd A 11.79 12.82 Axe Houghton Fd B 24.27 26.38 Axe Houghton 6tk 3416 4.33 Boston Fund 29.98 .32.41 Broad St Inv 20.30 21.95 Bullock Fund 33.42 36.61 Canada Gen Fund 9.97 10.78 Canadian Fund 15.29 16.54 Century Shares Tr 25.10 27.14 Chemical Fund 27.34 29.56 Colonial Fund 18.40 19.97 Comwlth Invest 8.72 9.48 Cons Invest Tr 40.50 43.50 Divers Invest Fund 8.97 9.83 Dividend Shares 2.43 2.06 Eat & How Bal Fd 19.90 21.28 Eat & How Stk Fd 17.65 18.87 Fidelity Fund 26.11 28.23 Fundamental Inv 7.64 8.37 Gas Indust Fund 13.82 15.15 Gen Capital Corp 25.31 27.66 Group Sec Com Stk 11.75 12.87 Group Sec Fully Adm 9.46 10.36 Group Sec Gen Bd 9.35 10.24 Group Sec Tob 3.82 4.20 Guardian Mutual 15.63 16.11 Hudson Fund „ 15.40 16.65 Incorp Investors 15.77 17.05 Instit Found Fund 20.93 22.87 Instit Growth Fund 20.80 22.75 Investment Co Am 8.72 9.63 Invest Tr Boston 18.23 19.92 Keystone C4st B 2 25.94 28.30 Keystone Cust B 3 19.84 21.61 Keystone Cust B 4 11.75 3 2.83 Keystone Cust K 1 19.53 21.30 Keystone Cust K 2 NO NO j Keystone Cust 8 1 15.80 17.25 Keystone Cust S 2 NO NO Keystone Cust S 3 33.26 14.47 Keystone Cust S 4 9.55 10.42 Lexington T Fund 11.39 12.45 •Loomis Say Mut 42.39 42.39 Manhat Bond Fund 8.46 9.27 Mass Invest Tr 28.88 31.22 Mass Inv Grth Stk 25.84 27.94 i Nation Wide Bal Fd 18 63 20.16 Natl Investors 17.07 18.45 N Sec Ser Bond 7.42 8.11 N Sec Ser Pref Stk 9.29 10.15 ! N Sec Ber Income 6.30 6.89 N Bec Ser Stock 7.85 8.58 i New England Fund 20.98 22.68 Pac Am Inv 9.25 9.75 Pine St Fund 20.59 21.01 i Pioneer Fund 12.43 13.51 Puritan Fund 6.65 7.08 Putnam NO NO •Scud St & Ck Com Stk _ 20.03 20.93 Selected Am Sh 17.13 18.53 Shareholders Tr 31.62 12.56 Telev Elect Fund 11.24 12.25 Texas Fund 7.17 7.84 Unit Income Fund 18.25 19.84 Unit Science Fund 0.69 9.93 Value Line Inc Fund 5.98 6.54 Wash Mut Inv 15.17 16.27 Wellington Fund 25.08 27.34 •Net asset value. SPPAY-AWAY pa SNIFFLES Mittal Mitt ntial (pray coataiat Nyo-SynepkrinyQ. HT / Carry la pocket or parte. Mistol MIST International bookings in' the . District were up 25 per cent ; last month over, the first month . of last year, Mr Brock said. He . declared domestic cargo loadings for January were almost triple those during January. 1954. He i attributed the passenger ln , crease primarily to TWA’s new ; time-pay plan and increasing popularity of low-cost tourist flights to the airline's 60 cities and 21 world centers abroad. Perpetual Ranks Second The Perpetual Building Asso ciation, Eleventh and E streets, N.W., with assets of $194,058,000 was exceeded as the Nation’s largest sav ings associa tion in 1954 only by the Home Sav ings St Loan Associa 11 on, Los Angeles, Calif. The latter had assets of $241,885,0 0 0. Perp etual’s president is Edward C. Baitz. Mr. Baitz. The News, monthly magazine of the United States Savings and Loan League, which made the compilation, said Home's assets grew’ 78.4 per cent during the year, coming to the front from fifth position. It recalled in 1948, the Per petual was the first association to pass the SIOO million mark and since then 17 other associa tions moved into this class. Six of them for the first time in 1954 entered this category. Other D. C. Firms Listed Other Washington associations and their assets among the first 100 in the Nation are: First Federal Savings & Loan Associa tion. $55,067,00; National Per manent Building Association $48,246,000 and American Build ing Association $43,351,000. The News said. They are respectively 58th. 74th and 91st. In addition to the Home Sav ings & Loan Association, Los Angeles, and the Perpetual Build ing Association here, the Nation’s other five largest are: Coast Federal Savings & Loan Associa tion, Los Angeles, $178,751,000; Twin City Federal Savings & Loan Association, Minneapolis, $176,779,000 and the First Federal Savings & Loan Association, Chi cago, $161,309,000. Allstate Insurance Report President Calvin Fentress, jr., of the Allstate Insurance Co., Skokie, 111., reported his com | pany became the leading writer iof automobile insurance, with direct written premiums totaling $207,336,000. Officials pointed out the company does a large volume of business in the Wash ington area. The 1954 record compared with a 1953 total of $156,221,242, Mr. Fentress said. He declared this record in the 24 years since its founding in 1931 has never been excelled. Assets of Allstate at the end of 1954 were $267,- 379,000, an advance of $72,823,- 000 over 1953, Mr. Fentress as serted. Distributors Meet Aart Bosch, director in charge of exports for Oranjeboom Brew ery, Rotterdam, Holland, was ! guest speaker at a dinner-sales meeting given by the local dis tributor, Middle Atlantic Distrib utors, Inc., at the Dupont Plaza Hotel, Friday night. He dis cussed foreign brewing tech niques. ' Foreign Exchange NEW YORK. Feb 28 </P>. Foreign exchange rates follow, Great Britain In dollars, others in cents (unchanged un less otherwise noted): Canadian dollar In New York open market. 1 ,** per cent premium or 101.18 V Europe—Great Britain, pound. 2.78 U, off ; 30-day futures. 2.781\. off »*•; 60-day. 2.780 ff ,V: 90-day. 2.77 , «: Belgium, franc. 1.09 A: France, franc, .28V Western Oermany. deutsche mark, 23.85; Holland, guilder. 26.29. up .01; Italy, lira. . 1 «*«: Portugal, escudo. 3.50; Sweden. krona. 19.34; Switzerland, franc, free. 23.33* a. Denmark, krone. 14 s<» Latin America—Argentina, free. 7.24: Brazil, free. 1.36: Mexico. 8.02; Vene zuela. bolivar, 30.03, Far East—Hong Kong dollar, 1< 50.