Evening star. [volume] (Washington, D.C.) 1854-1972, August 02, 1955, Image 17

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Evening star. [volume], August 02, 1955, Page A-17, Image 17
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 02 Aug. 1955. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1955-08-02/ed-1/seq-17/>

Newspaper Page Text

Retail Sales Spurt Seen
From U. S. Retroactive Pay
By WILLIAM A. MILLEN
Retail sales here are expected
to spurt, with $25 million in
retroactive pay being received by
Government workers, the Electric
Institute of Washington said to
day.
During the last few weeks traf
fic on the institute's appliance
display floor has noticeably in
creased, officials said. Thou
sands have visited the display
and decided on the appliances
they will buy.
One effect of the transit strike
has been a 47 Vi per cent increase
in telephone inquiries at the in
stitute. The people want to
know where specific appliances
may be purchased and where
service on television, radio and
appliances may be secured.
QEICO Earnings Rise
Leo Qoodwin, president, Gov
ernment Employes Insurance Co.,
informed stockholders net in
come for the first six months
of 1955 totaled $1,750,116. This
contrasted with $1,691,139 for
the similar 1954 period.
Good progress was reported
by Mr. Goodwin, with premium
income, policies in force and
earnings all establishing new
high records. For the first six
months, premium writings to
taled $13,288,964, contrasted with
$10,928,655 for the comparative
1954 period.
■ More rate reductions in addi
tion to those as high as 20 per
cent during the first half of
•/
Mercury beauty, power and resale value
boost sales to record high...
p—
(Rate ... 1
mm ' I & ■ m&w* -
HB SB ■gP ||^gng|gP|g|H
U ■ ■
? -J wStt mb, §j
La / %. W@w*9k fr
—**• ~ ••'• ■ < —— i. -.w-.S-..—*- . . ...
I « Cm*
And record sales mean record deals. Cut your cash outlay by acting now
get a far bigger allowance for your present car. -___
THE BIG MOVE IS TO MERCURY
It’s worth a trip to our showroom just to tive beauty—styling shared by no other car. fouling spark plugs. Ball-joint front suspen
hear the figures! For. it’s never been easier 6ion. And dual exhausts on all Montclairs MerClirV is Setting new
than right now to own a Mercury. SUPER-TORQUE POWER—You get more than and Montereys, and Custom Station Wagons. o a i pc rprnrr i c pupru mn nth I
just high horsepower (188 and 198 hp)-you SaieS-reCOMS every mOßin.
HIGH-VOLUME DEAL Mercury’s record- get far more usable power. More power is put CONSISTENTLY HIGHEST RESALE VALUE — More than 2,000,000 MfiiCUryS 1
breaking popularity now permits us to oper- to work in the pickup and passing speed Mercury protects your investment better [jggp bought Since 1946. 1,55 *»
ate on a much higher-volume basis. We can ranges—where you can use it for everyday than any other car in its field. Independent —...,„ ... e*-...
offer the best deals in our history. And, driving, notjust for high speeds. * reports show that Mercury consistently re- /
remember, a Mercury deal means far more * turns more of the original purchase price at ! /
than just a low price. Look at what you get: EXTRA-VALUE FEATURES—OnIy Mercury in trade-in time. In short, no other car offers f
its field offers you so many important extras you bigger reasons for buying it. And you
EXCLUSIVE STYLING—No “look-alike" styl- at no extra cost. For example, a 4-barrel couldn’t pick a better time to get a deal. So >
ing for Mercury. You get fresh, distinc- carburetor on all models. Special 18mm anti- why wait? See us today. /
■ ■ lip BB JV —.-■■ —■u 4 Solid line shows how the number
IT PAYS TO OWN A [||[(|[[J ||Y
Don't mits the big television hit, td Sullivan's "TOAST OF THE TOWN," Sunday evening, 1:00 to 9:00. Station WTOP-TV, Channel 9
BENNING AUTO SALES, INC. MAYFLOWER MOTORS, INC. MOORE-GREAR MOTORS, INC. GRADY MOTORS CORPORATION
1600 Banning Rood N.E., WASHINGTON, D. C. 1125 15th Street N.W., WASHINGTON, D. C. 4400 Connecticut Avenue N.W., WASHINGTON, D. C. 7809 Wisconsin Avenue, BETHESDA, MARYLAND
FAIRFAX MOTOR SALES MONTGOMERY-STUBBS MOTORS, INC. SHIRLINGTON MOTOR COMPANY, INC.
Foirfox Circle, FAIRFAX, VIRGINIA 1200 Eost-West Highwoy, SILVER SPRING, MARYLAND 2790 South Arlington Mill Drive, ARUNGTON, VIRGINIA
r "■ ■ 1 *■ 11 ■ 'i ■ 1 - r " '"
the veer are anticipated for the
i balance, the report said. As
sets June 30 totaled $37,297,549
, against $30,144,932 for the sim
, ilar 1954 period, the report as
; serted. --
Cragfe Joins Firm
Lt. Gen. Laurence C. Cragle,
i retired Air Force officer who
served here as deputy chief of
staff for development, has joined
Hydro-Aire, Inc., Burbank, Calif,
; aircraft accessory company, as
a vice president.
New Firm Formed
Research, analysis, evalua
i tion, management studies, data
; processing and technical writ
ing for Government and in
dustrial organizations is the
program of the new firm of
Ernest E. Blanche A Associates.
Ernest E. Blanche, former chief
statistician for logistics in the
' Army General Staff, announced
formation of the organization.
1 His office is at 14818 Carrollton
| road, RockviUe, Md.
He is adjunct professor of
mathematics and statistics,
American University. He for
merly taught at Michigan State
College and the University of
Illinois and for the past year
and a half was vice president of
the Frederick Research Corp.,
Bethesda, Md.
Dr. and Mrs. Carl L. Fred
erick are on their way to
Europe. He is president of the
Frederick Research Corp. He
will spend five weeks con
ferring with scientists and
visiting laboratories.
J. A. HaD to Speak
f J. Aldrich Hall, general coun
sel. Home Loan Bank Board here,
will be one of the principal
5 speakers at the “Savings Oper
■ ations Clinic” to be held in Chi
’ cago, August 29-31 by the United
' States Savings and Loan League.
Inaugural Flight
Pan American-Orace Airways
announced two Washingtonians
' are on yesterday’s inaugural
flight of the new El Inter Amer
icano service from Miami to
South America. They are John j
' E. Smith, jr., president, United i
1 Travel Agency, Inc., and John i
G. Hodgson, director, Lansealr 1
Travel Service, Inc.
The Washington office of Am
pex Corp., manufacturer of mag
' netic tape recorders, has moved i
to 8033 Thirteenth street. Silver j
, Spring, Md. George I Long.,
, president, said expansion of ac
tivities and added personnel re-
I quired larger quarters.
The Baltimore A Ohic Rail
| road has extended its service for
handling highway trailers on
j flat cars to the Wheeling, W. Va,
district. This service will be pro
, vided between Washington and,
other points and the Wheeling
’ district, which includes Mounds- !■
| ville, W. Va.; Bellaire, Bridgeport
and Martins Ferry, Ohio. Addi- 1
tional rail-trailer services be- :
tween Washington and Toledo, ’
Ohio, and other points are also 1
available. 1
TWA Appoints Trone ,
Trans - World Airlines an- :
nounced Thomas Trone has been i
appointed a senior sales repre- (
i TOBACCO MARKETS
UPPER MARLBORO. Md . Aug. 2 (St.
(USOA).—Tb* Baal wees at auction* (or
the 1954 crop* began yesterday on tbe
’ Southern Maryland tobacco market*.
Sale* were heavy on all market*. One
of them va* unable to **ll all the to*
I bacco on the warehouie floor.
Price* were steady to lower for the
majority of trades compared with Prl
' day’s quotation.
I Auctions last week amounted to 3.-
' 345.778 net pound* and averaged $32.90
. a hundred. The averate was the low
est for any week this year and the
poundage was the tartest. Season sales
totaled 33.788,25 S net pounds and
l averated 840.82.
Auction bid aver area per hundred
' pounds on a limited number of repre-,
sentative U. S. trades were:
Qradr O? S. Monday
Description Orade Aug. 1
HEAVY-CROP:
1 Oood cherry-red B3P MO.OO
Pair cherry-red B4P 40.00
Pair red . - MR 18.00
Low cherry-red SSP 27.00
Pair red T4R 16.50
Pair green T4Q 18.00
THIN-CROP:
good cherry-red C3P 72.00
Pair cherry-rad C4P no.no
Pair red C4R 44.00
Low cherry-red CSP 43.00 |
Pair cherry-red X4F 48.00
Pair red X4R 31.50
Lo So c N h SSs&fr-'-- XSF 34 05
Best crude NlO 14.00
sentative in the Washington
area. District Sales Manager
John P. Brock said Mr. Trone is
a University of Maryland grad
uate, supervised TWA’s interna
tional reservations department
and is a first lieutenant in the
Army's Transportation Corps
: Reserve.
Louis E. Purnell, Washington!
representative of the Lincoln
National Life Insurance Co., has
won outstanding recognition.
Cecil F. Cross, vice president and
director of agencies, announced.
Mr. Purnell ranked 11th among
the company’s more than 2,300
sales representatives in number
of policies sold in June, Mr.
Cross said.
MUTUAL FUNDS
iHeap Quotations)
r NXW YORK. Aut. 2 IP. Nstlonsl
e Association Securities Destars In*.:
Bid Asked
• Affiliated Fund 8.13 8.84
’Am But Shares 4.22 4.51
e Am Mutual Fund 8.90 9.72
- Atom Dot Mutual 13.92 15.18
Axe Houghton A 12.3* 13.42
: Axe Houthton I 25.23 27.46
3 Axe Houthton Stk 4.01 4.32
: Boston Fund 18.15 17.48
! Broad St Iny 21.80 25.87
5 Bullock Fund ... 12.04 13.20
1 Canada Oen Fund 11.81 12.77
, Canadian Fund 18.32 19312
Colonial Fund "TI 19.91 21.91
' Comwlth Invest 9.18 9.97
1 Cons Invest Tr 43.75 48.75
. Divers Invest Fund 9.47 1D.38
; :::::::: f ?:28 tis
• fidelity H p!nd , *_:::;:::: n:oo fS:??
. Fundamental Inv 16.16 18.80 1
Oes Indust Fund I 12.64 18.81 i
ffll
Group Sec Ora Bd 9.64 10.4 S 1
ill \W\
Xncorp Investors 17.62 19.05 I
1 Ins tit Found Fund 10.78 11.77 I
1 Instil Orowth Fund 10.89 11.91
. Investment Co Am 9.22 10.08 )
| Invest Tr Boston 19.10 20.87
Keystone Oust B 2 26.10 28.48
Keystone Cust B 3 19.44 31.11
, Keystone Cost 5 4 12.12 18.23
1 Keystone Cost K1- 19.53 21.31
' Keystone cust K 2 n. 9« 13.09
, Kenton* Cust B 1 17.67 19.28
i Keystone Cust S 3 13.48 13.82
. Keystone Cust 8 3 14.48 15.80
Keystone Cust S 4 9.02 ■ 9.85
'Lexington T Fund 12.07 18.19
•Loomis Say Mut 44.76 44.7(
' Manhat Bond Fund 8.64 9.36
, Mass Invest Tr 31.38 33.90
Mass Inv Odth Stk 29.11 31.47
! Nstlon W Bal Fund 19.89 21.31
Natl Investors 18.73 20 !6
N Sec Ber Bond ... 7.40 8.09
|N Sec Ser Fref Stk 9.48 10.34
iN Sec Ser Ineome 8.38 8.95 i
N See Ser Stock 8.03 8.78
New England Fund - 21.42 23.18 I
Pac Am Inv 12.25 13.00 i
Pine St Fund 21.37 21.81
Pioneer Fund 13.35 14.51
Puritan Fund 8.73 7.28
Putnam ... 12.94 13.99
•Scud St *Ck Com Stk-. 22.36 22.36
Selected Am Sh 0.24 10.00
Sntrsholdsrt Trust 12.1 1 15.09
Tttav Elect Fund 11.82 ltM
Unit Income Fund 19 l» $o *«
Unit Science Fund 5.76 10.87
Value Lino Income 6.12 6.8 S
Wellington Fund ....... 26.68 29.08 I
•Net asset value.
CHICAGO LIVESTOCK
, mKK o .®' SSK’rt
lower on butchers around 210 lbs
‘'and heavier; llthter wetahts uneven,
meetly 26 to as much es 50 lower:
r sows unevap, around 25 lower; most
Pi & l*P- 1 to 3s 200-380 lb butcher*
16 50-18.00; most No 1 and 2s 200-
1 22 s lb 16.75-16.00; a few lots 18.16-
1 }2?5 : >»*<! lot No 1s 204 lb
' 18.60; weights over 280 lb octree; e
few lota up to 310 lb down to 15.00:
most 170-190 lb 14.00-16.50; 140-160
lb 11.00-13.60; sows 400 lb end llthter
13.25- ■ few 275-300 lb lToo
-16.25; most 400-500 lb 12.26-13.26;
as *!7oo* ** ®°° <kboT * u l 0»
JMablei cattle 4.500; salable calves
300: stauchter steers slow, about steady:
Heifers slow, weak to 26 lower; cows
slow, steady to weak; bulls end verniers
moderately active, stront; stackers end
feeders alow, weak; a toad of prime
1.254 lb. steers 24.50: 106 head itrinc
prime 1.250 lb. Colorado steers 23.75;
other choice and prime steers 21.26-
23.00; cood to low choice 18.50-21.00; s
half a bad of low commercial 1.100 lb.
Hols tain steers 15.60; a load at choice
and prime SOO-926 lb. heifers 22.00-
22.26. most good and choice heifers
19.00-21.76: ntlUtv and commercial cows
n.oo-13.50; moat canners and cutters
Y.ld“fT7?f u J
few choice and prime nalers 23.00:
most cood and choice 17.00-22.00; cuU
ta commercial trades 10.00-18.00; med
iun end food stackers end feedlne steers
18.26- two toads common and
nutftum light yearlln* stock steers 15.50
Salable sheen 1.000: slow, sprlne
tombs 26-50 fewer: vearUnss steady
to weak; slaughter sheen mainly steady:
total to prim#, mainly good and choice
gprlng tombs 19.00-21.60; a tew mostly
Prime 22.00; moat. cuU to low good
12 00-18.00: gome Ught cull* down to
10.00: a short load good and choice
ptita 16 00* rUn *' “ rrrlß * IBU * horß!
!
We Want to Buy;
Cotii Registers, Adding
Mochmes ond Typewriter!
Call u& for trade-in
price a before you
make a deal
CASH REGISTER
SAi ES & SERVICE CO.
JOI9 Wfk Si S’w AO. j-44Q0
THE EVENING STAR, Washington, D. C.
TUESDAY. AUGUST 2, 1955
Swift & Co. Workers
Get Wage Increase
CHICAGO, Aug. 2 (if)—A 14-
cent-an-hour wage increase con
tinues to be the pay pattern in
the meat packing industry.
Swift A Co. granted that in
crease yesterday to three packing
house workers unions represent
ing 35,000 employes in 45 plants.
Last Friday Armour A Co. had
reached an agreement on a simi
lar pay boost.
The AFL and CIO unions said
they will carry their negotiations
to Wilson A Co., Cudahy Pack
ing Co., and other chain and in
dependent packers.
R Ground - level H
£iH So specs available flip
■» for fnsuraneo I
MB Company. Title ■
i§j Csmpsny tr
Carps rattan- I
sw ■ type office. pi*
• Other spites ■.
MM svslUblc far
W Lawrers tad ■ls
yfflA Asspciu slows. j,
WfLjm ~~—Rearesentstlvs I
an Premises.
A-17
FOREIGN EXCHANGE
NEW YORK. Aut. 2 IF —Foreign tx
chsage rates reported. Orest Britain Ha
dollars others la cents (unchanged up
leas otherwise noted): Canadian dollar
in New York open market. 1 21-32 per
cent premium or 101.865.
Europe—Orest Britain, pound. 2.79,
up 3-32; 30-d»y futures, 2.78A. up l-fg;
80-dsy. 2.7711. off 3-32; 98-tfsy. 2.77*.
up 1-32; Beldam, franc. 198 S. m
.00to; France, franc. ..28H: Western
Germany, deutsche mark. 23.8 S Holland,
guilder. 26.19. off .00 Vi; Italy. Ilia,
.1614; Portugal, escudo. 3.50; Sweden,
krone. 19.34: Swltseriand. franc, fret.
23 3314: Denmark, krone. 14.60.
Latin America—Argentine, free, 7.*s
Brasil, free. 1.41; Mexico, 8.02; VeDt
zuels. bolivar. 30.03
Far East—Hong Kong dollar. 17.60£
r
CONTINENTAL
BUILDING I
Ini T|.

Evening star. [volume], August 02, 1955, Page A-17, Image 17
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], August 02, 1955, Page A-17, Image 17
About Evening star. [volume] (Washington, D.C.) 1854-1972