Evening star. [volume], April 04, 1955, Page A-16**, Image 16

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

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A-16**
THE EVENING STAR, Washington, D. C.
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Rubber Producing Facilities Disposal Commission
Invitations for Proposal*
Pursuant to the Robber Producing Facilities Disposal Act of 1953,
(67 Stat. 400) (Act), and Public Law 19,84th Congress, First Ses
sion approved March 31, 1953, the Robber Producing Facilities
Disposal Commission announces that it will receive written pro
posals for the purchase of the GR-S synthetic robber producing
facility at Baytown, Texas, and for the purchase or lease of any or
all of certain pressure tank cars, all as more fully described below.
Contracts between the Commission and various parties for the
sale of 24 of the Government-owned rubber producing facilities
and the lease of a 25th have recently become fully effective. The
Baytown facility and the tank cars will, therefore, when sold, be
come part of a recently established private synthetic rubber in
dustry.
A detailed descriptive brochure relating to the Baytown facility
and pertinent information relating to the tank cars may be
obtained upon application to the Secretary of the Commission.
The Rubber Producing Facilities Disposal Act of 1953, and
P. L. 19, 84th Congress, First Session, prescribe in detail, as well
as generally, procedural and substantive standards pursuant to
which the disposal of the Baytown facility and the tank cars is
to be effected. To facilitate compliance with these standards the
Disposal Commission has prepared Instructions for the Submis
sion of Proposals which set forth the requirements of the Com
mission with respect to such proposals; copies thereof will be avail
able upon application to the Secretary of the Commission.
Subject to the foregoing, the following additional information
concerning the program of sale is announced:
QR-S PLANT, BAYTOWN, TEXASi This facility, designated
Plancor 877, produces GR-S type synthetic rubber from butadiene
and styrene. It has an annual capacity of 44,000 long tons and is
presently operated for the Government by The General Tire &
Rubber Company.
The Commission will receive proposals for the purchase of this
facility. Such proposals shall be in writing and may be submitted
at any time through April 29, 1955, at the office of the Commis
sion, 811 Vermont Avenue, N. W., Washington 25, D. C.
As a condition to sale, the Commission is required to be satis
fied that the prospective purchaser actually intends to operate
the facility for the purpose of manufacturing'synthetic rubber.
The purchaser must also agree to comply with the terms of a
“National Security Clause” having terms, conditions, restrictions
and reservations which will assure the prompt availability of the
facility, or a facility of equivalent capacity, for the production of
synthetic rubber for a period of ten years from the date the facility
is transferred to the purchaser.
Proposals for purchase shall provide for the payment of not
less than 25% of the purchase price in cash; the unpaid balance
may be financed by a first lien purchase money mortgage maturing
in not more than 10 years and providing for periodic amortiza
tion (amortization in equal annual instalments is not required).
The interest rate upon the balance of the purchase price repre
sented by the mortgage shall be 4% per annum.
Proposals for purchase shall be accompanied by a deposit of
cash or United States Government bonds of face amount equal
to 214% of the gross amount proposed to be paid but not exceed
ing $250,000. Except in the case of a purchaser, deposits shall be
refunded without interest. In the case of a purchaser, deposits
LMLffi^ D R^wwL ON ‘ , RUBBER PRODUCING FACILITIES DISPOSAL COMMISSION
Everett R. ConO til Vermont Avenue, N.W.
Commissioners Washington 25, D. C. ; o .*
April 4,193 S
' ; ' n »■ ■ '
, Thief Is Victim of Theft
[ MEMPHIS. Term. (IP).—Detee
; tlve M. A. Hindi quoted the pris
oner as saying: "Yes, I stole
\ $1,600 Worth of tools, but some
■ dirty thief stole S6OO worth of
them from me before I could
dispose of them."
Salt-Free
ggw*- 4 efir"«:iS£
Ask fee Frin Usta
VITA FOOD STOKE
S»» lltfc N.W. It Mill
Ercoupe Division Assets
Sold to Colorado Firm
TORT COLLINS. Colo.. April
. 4 W.—Sale of assets of
, Ercoupe Model O Club Aircraft, a
' division of Sanders Aviation,
: Inc., of Riverdale, Md., has been
f announced here.
I J. D. Forney, president of
Forney Industrfes, Inc., disclosed
; he purchased the assets of the
Riverdale unit and of the Miller
Propeller Manufacturing CO. of
Dallas Center.
Mr. Forney said be purchased
all tools, dies, parts and equip
ment of the firms and will move
the equipment to Fort Collins
within 30 days. The sale price
was not disclosed.
made hereunder shall be applied without interest to rite
purchase price.
In the previous sales of the 24 other rubber producing facilities,
the Commission used standard forms of contract applicable to
cash and mortgage transactions. The same forms of contract will
be used for the sale of the Baytown facility. Copies of the contract
forms, which incorporate the full text of the National Security
Clause, are available upon request from the Secretary of the
Commission.
During a period of not to exceed 60 days following the termina
tion of the period for the receipt of proposals, the Commission
will negotiate for the sale of the Baytown facility with those
who have submitted proposals. Such negotiations will be con
ducted with due regard to the several purposes of the Act, that
the disposal of the facility best foster the development of a free
competitive synthetic rubber industry, afford small business enter
prises and other users the opportunity to obtain a fair share of
the end product of tlie facility and at fair prices, be consistent
with national security and realize full fair value for the facility,
taking into consideration the policy set forth "in Section 2
of the Act.
TANK CARS: Offered for sale or lease are 447 pressure tank
cars (ICC Classification—lCC-104AW). Proposals for the pur
chase or lease of any or all of these tank cars shall be in writing and
may be submitted to the Commission at any time through April
29, 1955. P. L. 19 authorizes the Commission to lease or sell the
tank cars on such terms as the Commission deems advisable in the
public interest. With the exception of the specific terms set out
below, final decision on the terihs of lease or sale, including lease
rental and price terms of sale (whether all cash or cash down pay
ment plus a mortgage), will be made by the Commission after the
expiration of the period for the submission of proposals and an
nounced to all prospective purchasers and lessees who file timely
proposals. As an aid to the exercise of its statutory right to set
the terms of lease or sale, the Commission requests prospective
purchasers or lessees to state and discuss in their proposals the
terms of lease or sale they desire.
Proposals for purchase shall be accompanied by a deposit of
cash or United States Government bonds of face amount equal to
2V4% of the gross amount proposed to be paid but not exceeding
$250,000. Except in the case of a purchaser, deposits shall be re
funded without interest. In the case of a purchaser, deposits made
hereunder shtH be applied without interest to the purchase price.
Upon the receipt of proposals for any or all of the tank cars,
the Commission will enter into negotiations looking toward their
sale or lease.
Leases shall be for a period of not less than one year.
. Each lease or contract of sale shall contain, among other pro
visions, a “National Security Clause” having terms, conditions,
restrictions and reservations which will assure the prompt avail
ability of the tank cars for use in the transportation of raw
materials or components of synthetic rubber for a period of time
to be announced in the Instructions for the Submission of Propo
sals.'Each lease shall contain provisions for the recapture of the
leased tank cary and the termination of die tease if the President
determines that the natiooal interest so requires.
For further information and details, apply to Fnaa B. Thomas,
i Secretary,
Berlin Experts Meet
On Autobahn Tax;
No Solution Forecast
BERLIN, April 4 (JP).— East
and West German trade experts
met today on the sharply boosted
tax on trucks plying the Berlin
autobahn, but no early solution
was forecast.
The trade delegates conferred
in the Soviet sector, where un
official sources termed the new
Communist levy only the first
move In a squeeze play U make
the West recognize East German
sovereignity.
New Pressures Seen.
These sources said the truck
tax, in some cases 10 times the
former toll, might be followed by:
1. Tighter controls over travel
by Germans in and out of iso
lated Berlin.
2. Stoppage or hindrance of
canal traffic, which brings in
about IS per cent of the city’s
economic supplies. The agree
ment permitting allied canal
traffic expired at the end of 1954
and has not been renewed.
3. Hampering of freight train
travel. West Berlin is permit
ted 13 trains daily. Sudden
Communist regulations govern
ing cargoes could reduce West
Berlin’s population to “necessity”
rations.
Allied officials declined to spec
ulate openly that the Russian
backed East Germans were push
ing a careful campaign to force
Western recognition of the East.
They said they preferred to
confine opinions to diplomatic
exchanges with the Russians,
since neither West Germany nor
the Western allies recognize the
East German government.
Agree It Is Only Beginning.
* But some allied officers said
privately they agreed that the
road tax was merely the opener
in a program to make the West
come to diplomatic terms.
While the trade experts met,
trucks, trains and barge traffic
continued to bring supplies into
the city. Truckers, paying the
increase through a $250,000 sub
sidy by West Berlin, reported
travel normal. They said East
German guards were "coldly cor
rect.” Difficulties which arose
when the tax went Into effect at
midnight, April 1, were smooth
ing out.
Uneven assessments against
milk trucks were discontinued.
'Flying Disc' Causes Death
MANILA, April 4 W.—The
Dally Mirror today reported the
Philippines had a death "at
tributable to a fisng saucer.”
It said Angel Lamer was killed
when he came to blows with
Maxim Lamer in a dispute over
flying saucers.
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Puerto Rican Woman
Mother of Quadruplets
BAN JUAN. Puerto Rico. April
4 (IP). —Quadruplets were*bom
yesterday to a patient of the
government tuberculosis sana
torium.
Mrs. Maria Eugenia Rivera
gave birth to three boys and
a girl at the Bayamon district
hospital, to which she had been
transferred from the sanatorium.
The children weighed from 2Vi
to 5 pounds. Both mother and
children are doing well, doctors
said.
■■ -■ »
Film Company Suit
Hits Oscar Award
NEW YORK. April 4 (£>).—The
Monticello' Film Corp. yester
day demanded that the Acad
emy of Motion Picture Arts and
Sciences take back the Oscar
given to Budd Schulberg last
Wednesday for writing the movie
"On the Waterfront.”
In a letter to the academy, the
attorney for the company said
Monticello has filed suit claiming
to be “the true owner of the
story,” which was produced by
Columbia Pictures.
The attorney, Emil K. Ellis,
said the suit, pending in New
York County Supreme Court,
names as defendants Mr. Schul
berg. Horizon-Americau Pictures,
Columbia Pictures, Director Elia
Kazan, Producer Samuel Spiegel
and Malcolm Johnson, writer of
a series of articles, “Crime on the
Waterfront,’’ In the old New
York Sun.
He said the suit is designed to
"impress a trust” on the movie
and all revenues from it “on the
ground that Monticello Film
Corp., which was headed by
the late Joseph Curtis, is the
true owner of the story and the
original producer of the picture."
He said Monticello acquired
the rights to the story based on
Mr. Johnson’s newspaper series,
"and spent considerable time and
effort in the preparation of the
production.”
Ex-Prisoner of Reds Reported
Under Advisement Not to Talk
REDWOOD CITY, Calif., April
4 (IP). —A family friend says Mrs.
Adele Austin Rickett, released
prisoner of the Chinese Com
munists, Is under "advisement”
not to say anything.
Mrs. Rickett, described as
"brain-washed” by Hong Kong
observers, was greeted by her
mother, Mrs. Harold Austin of
Yonkers, N. Y„ on her arrival
by ship In San Francisco yester
day.
Mrs. Austin expects to fly to
New York soon with her daugh
ter. Mrs. Rickett’s husband
Walter, a Fulbright scholar, still
is imprisoned In Communist
China.
Harry J. Strugnell, who took
Mrs. Rickett and her mother to
his home here, told reporters
last night through a front-door
peephole:
“There will be no statement
from Mrs. Rickett. I say that
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Mutual Funds
- (Ric^aSoutwi
fts IS
Aid Mot ns , 8J» 9.02
Atom,Dot Mat.j 14.18 15.46
gßStSfeta f
Bolton Fund 30.33 .12.78
Broad at. Jnv 2O 42 22.08
Bollock Food 11.2 S IS.SO
Canada Oen Fd 8.(Ml 10.77
Canadian Ftf 11.82 10.57
Century ,Bhrs Tr 24.97 20.99
Chemical Fd 37.9.1 10.20
Colonial Fd . ... 15.60 20.19
Comwlth In real 8.72 9.48
Hudaon Fd „ 15.5.1 10.79
In corn Investors 16.28 17.60
Instlt Found Fd 21.04 23.01
Ins tit Growth Fd 20.50 22.48
Investment Co Am : 8.54 0.34
Invest Tr Bost 18.18 19.87
Keystone Cost B 2.1 25.58 27.91
Keystone CUM B .1 19.84 21.64
Keystone Cast B 4 11.60 12.66
Keystone Cost K 1 19.71 21.50
Keystone Cut K 2 11.47 12.62
Keystone Cut 8 1 16.84 17.28
Keystone Cut 8 2 12.11 13.22
Keystone Cut 8 3 13.73 14.97
Keystone Cut S 4 9.01 10.82
Group Sec Com Btk 12.01 13.16
Group Sec Fully Adm 9.69 10.62
Oroup Sec Gen Bd 9 .16 10.26
Oroup Sec Tob 3.88 4.27
Guardian Mut 16.04 16.63
Com Invaat Tr 38.75 42.76
Divers Invest Fd ; '9.06 9.8.1
Dividend Shrs 2.45 2.89
■at 4t Bow Bal 20.03 21.41
fct A How Stk 17.88 19.12
Fidelity Fund 26.46 28.61
Fundamental Inv 14.04 15.39
Gas Indust Fd 24.34 28.80
Oen Capital 85.90 70.86
Lexinxton T Fd , 11.46 12.53
•Loomis Say Mut 43.18 *3.18
Manhat Band Fd 8.40 9.21
Mass Invest Tr 28.95 31.30
Mass Inv Orth Stk 28.48 28.63
Nation W Bal Fd 18.62 20.14
Natl Investors 17.14 18.53
N Sec Bar-Bond 7.43 8.12
N Sec.Ser-Pref Stk 9.42 10.30
N Sec Ser-Ineome 6.26 6.84
N Sec Ser-Stock— 7.80 8.59
New England Fd 20.97 22.67
Pac Am Inv 9.60 9.00
Pine St Fd 20.59 21 01
Pioneer Fd 12.41 13.49
Puritan Fund 8.01 7.16
Putnam . 24.24 26.21
•Scud St ACk Cora Stk- 21.14 21.14
Selected Am Sh j 17.22 18.82
Sharehldra Tr 11.60 12.54
Telev Beet Fd 11.36 12.88
Unit Income Fd 18.2.1 19.82
Unit Science Fd 9.28 10.14
Value Line Income--., 8.10 6.67
Waal] Mut Inv__: 15.28 16.39
Wellington Fd 26.19 27.46
* Net asset value.
Foreign Exchange
NEW YORK. April 4 UP). Foreign
exchange rateg follow. Groat Britain In
dollar!, othero in cents {unchanged un
less otherwise noted): Canadian dollar
In New York open market. 125-32 per
cent premium or 101.78V4.
Europe—Groat Britain, pound, 2.79)4.
up H; 30-day futures, 2.79V4. hp Vi;
60-day, 2.78 25-32. up 3.32; 90-day.
2.78 15-32. up 3-32; Belgium, franc.
1.98 H. up 00'/«; France, franc, .2844;
Western Germany, deutsche mark. 23.85;
Holland, guilder. 28.34. up .OOV4; Italy,
lira, ,16V4( Portugal, escudo. 3.50;
Bweden. krona, 19.34; Switierland. franc,
free. 23.34: Denmark, krone. 14.60.
Latin' America—Argentina, free. .7.24:
a,S”Ui^.H6r.ilg : M ~ ,co - 8 01:
Far East—Hong Kong dollar. 17.50.
under advisement, but I can’t
say where I got It from.”
Mr. Strugnell turned away all
requests for interviews with the
35-year-old former Navy Wave.
She was expelled as a spy from
China February 2? along with
Malcolm Bersohn of New York.
In Hong Kong, both professed
“shame and remorse for our
crimes against the Chinese peo
ple.” *
Mr. Bersohn arrived in New
York March 23.
Mrs. Rickett countered all
questions with wordless smiles.
A friend of China days, James
Parsons, now an instructor in
Oriental languages at Uni
versity of California at River
side, came here to greet Mi's.
Rickett.
* “She seemed very normal—
just like herself to me,” he said.
“I didn’t try to discuss politics
with her. She said she hadn’t
seen Walter, her husband, since
they were both arrested in 1951.”
D. C. Expects 2 Banner Months
Os Tourists and Conventions
BY FRANCIS P. DOUGLAS
Washington’s second biggest
industry—the tqurist and con
vention business—is looking for
ward to two banner months in
April and May.
‘ Clarence A. Arata, executive
director of the Greater National
Capital Committee, estimated
today that 26 conventions this :
month will bring 11,500 visitors :
to the city and their total ex- ,
penditures will be $1,437,000.
In May. Mr. Arata estimated, '
the convention visitors will num- ;
ber 16,300, attending 19 conven
tions, and spending $2,037,000. ’
The Daughters of the Ameri- j
can Revolution this month is j
expected to bring 4,000 persons '
to the city. The United States
Chamber of Commerce annual '
meeting starts May 1, and 4,500
persons are expected.
Mr. Arata said that between t
400,000 and 500,000 out-of-town ,
visitors were attracted by the |
Cherry Blossom Festival last
week. He estimated their ex
penditures at more than $22
million. The average spending
of a convention visitor is put at ,
$125 while the average per
visitor to such an event as the ;
Cherry Blossom Festival is esti- j
mated at SSO. The visitors last
week so crowded the hotels that
only the broom closets were re
ported unoccupied.
The convention and tourist ,
business of the Capital was esti- ]
mated at $250 million for 1954.
The business is rated second to
Governnient.
Sales Increase Seen
Sales by most Maryland indus
tries and should at
least double by 1975. according
to Maryland University’s Bureau
of Business and Economic Re
search.
The bureau estimated that be
cause of increased military and
civilian purchases of aircraft,
that industry in Maryland
should grow by more than 700
per cent In the next 20 years.
It also estimated that the stone, ■
clay and glass products Indus- :
tries would expand by slightly
more than 700 per cent because
of increased governmental and 1
residential construction. 1
The bureau listed these Indus- ;
tries as probably doubling sales ;
by 1975: Mining, chemicals, steel,
automotive products, textiles,
apparel, furniture, paper, print
ing, petroleum and coal proucts,
non-ferrous metals, machinery ,
and other manufacturing, pub
lic utilities and other service in- :
dustries and real estate. It es- ■
timated the sale of food products t
In the State would increase by
only 20 per cent.
Maryland Firm Acquired
Budget Finance Plan of Los
Angeles announced today ac
quisition of the Silver Finance
Co. of Silver Spring. Md. The
announcement said receivables
in excess of $270,000 were ac
quired in the transaction.
The Silver Spring concern will <
continue In the same location i
as a Budget branch office. Harry ]
M. Carrow will remain as man- :
ager of the office and the present ;
staff will be retained.
This will be Budget’s third I
branch office in the District j
area. <
Company to Own Motel |
Stockholders of Hot Shoppes, 1
Inc., are looking forward to the
company’s projected motor hotel
as another revenue producer for
the company. The project in |
Arlington near United States
Highway 1 and the Fourteenth
street bridge, will cost approxi
mately $4 million.
J. W. Marriot is president of ,
the restaurant concern and the ,
new hotel will be called Marri- i
ott’s Motor Court. While it was \
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Royolean Flattie $29.95
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Quito' trim- Custom tailored ■VP loeioimo
Goldstrand Plastic $42.50 SQ|3I . .
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said in The Star on Saturday
that the Marriott family would
be the owners of the project, this
is not the case, the oompany wifi
be the owner.
D. C. May Get Service
The fruit and produce business
of the District has hopes of
finally obtaining an Agriculture
Department market reporting
service for the District. The
House has approved an appro
priation for such a service and J.
Walter Smith, executive secre
tary of the District Wholesale
Fruit and Produce Association,
said today he is confident the
Senate will follow suit.
Washington is the only big
city without such a service. It
was pointed out to Congress that
the service is needed now and
will be needed more if plans go
through for the construction of
a new fruit and produce terminal
by the Pennsylvania Railroad.
Banks Open Friday
District and Virginia banks
will remain open on Friday-
Good Friday—but those in Mary
land wifi be closed. The day Is
a legal holiday in Maryland but
not in the District and Virgmia.
W. L. Cooper Named
William L. Cooper, who has
been In the printing and adver
tising business here since 1950,
has been named executive see-
;S retary of the
I District of
| Columbia and
I the Wabhlng-
I ton Suburban
■ Master
| Plumbers’ As
| soclation of
I Maryland.
I This was
I announced
I today by
I George C.
I Webster, pres
| ident of the
District asso-
i. jH
jj
Mr. c«per elation and
Milton L. Yingling, head of ths
Maryland group.
Mr. Cooper, a resident ot
Alexandria, is a graduate of
the University of Oklahoma and
did graduate work at ths Uni
versity of Tulsa. He was an Air
Force navigator during World
War n.
Chicago Livestock
CHICAGO. April 4 HI (USOA)—Sala
ble hogs 12,000; market slow, folly 26
lower; some sales as much os 50 lower
on butchers; sows moderately active,
weak to 25 lower; most choice 190-230-
lb. butchers 17.00-17.76; tersely 17.60-
17.75 on choice No. 1 and 2 grades
under 220 lb.; several decks 17.76; bulk
240-280 lb. 18.25-17.00; little above
16.76: most 390-330 lb. 15.76-18.26; a
few lots up to 400 lb. down to 16.25;
mast sows under 450 lb. In larger lota
14.75-15.50; S few cholco lightweights
16.75; bulk 450-600 lb. 11T50-14.75;
good clearance.
Salable cattle 12.000; salable calves
300: slow; slaughter steers and hellers
unevenly steady to fuUy 60 higher com
pared last week's low close: sows mostly
steady to 25 higher, instances early up
50 cents; bulls senerally fully steady:
vealers and stockero and feeders mostly
steady; a load of choice and prime
1.250-lb. steers 28.60; load lots average
choice to high choice 27.00-27.50: bulk
choice steers 23.75-26.75: good to low
choice grades 19.60-23.50: high Utility
to low good 16.60-19.00; two loads high
choice 960-lb. heifers 24.60: most good
and choice heifers 19.00-24.00: a load
commercial and good around 700 lb.
18.60; utility and commercial cows
12.00-15.00: canners and cutters 10.00-
12.25; utility and commercial bulle
14 50-16.50; odd head to 17.00; good
and choice vealers 20.00-25.00; a few
head choice and prime 26.00 and 27.00;
a few light cull vealers down to 6.00:
few loads good and choice feeding steers
and yearlings 21.76-23.75.
Salable sheep 4.000: slow, slaughter
lambs about steady at Friday's down
turn; or 60 to 1.00 or more lower than
Thursday, but many still unsold; slaugh
ter sheep opening 26-50 lower, good to
prime wooled lambs around 110 lb.
down 20.50-22.00; a load of choice and
prime around 105-lb. welahts at 22.60;
cull to low good lambs 14.00-10.60;
small lots spring lambs 79 and 81 lb.
2.1.00-24.00; cull to mostly good shorn
slaughter ewes 6.00-7.00.
Metal Quotations
NEW YORK. Apill 4 IF.—Spot non
ferrous metal prices todwr: Copper 3A
cents a pound. Connecticut- Valter. Lead
15 cents a pound. New York. Zme UVfc
cents a pound, last Bt. Louie. Tin 00%
cents a pound. New York. At Pittsburgh
scrap steel No 1 heavy was quoted at
38.00-.moQ.