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Business D. E. Doyle Nominated To Head Al B Chapter Donald E. Doyle, deputy con troller of Riggs National Bank, has been nominated as unop posed candidate for presidency of Washington Chapter, Amer ican Institute of Banking. The annual election will be held at the chapter house, 1708 Massachusetts avenue N.W.. Tuesday. May 10. Polls will be open from 3:30 to 6:30 p.m. W. Philip Gordon. sr„ of Anacostia National Bank, and Donald E. Tillson of Riggs will be rival candidates for chief consul, a position which leads traditionally to the presidency. Other officers nominated without opposition include John W. Crutchfield, Riggs, first vice president: L. Gilbert Vance. Suburban Trust, second vice president; Rebecca M. Tatum, Fairfax County Na tional Bank, secretary; Frieda I Reynolds, American Security, assistant secretary, and Charles C. Ailes, jr., treasurer. Mr. Doyle, who has been ac- 1 tive in the chapter since 1954, He started his banking career in 1948 with Lincoln National and was auditor when it was consolidated with Riggs. He has a graduate certificate from the chapter and also degrees from Benjamin Franklin University. He will graduate from the audi tors school at the University of Wisconsin this summer. Fourteen were nominated to compete for four two-year terms on the chapter s board of gov ernors. with one possible one year term becoming available J 3 ON WINGS |jr By CHARLES YARBROUGH 'lt's Got to Have a Man in It' Plugging hard and under standably for the triplesonic B-70 bomber, North American Aviation showed the full-scale makeup of the awesome ma chine to the man who flew the acceptance flight on the world's first military airplane. Retired Maj. Gen. Benja min D. Foulois, 84. former Air Corps chief of staff, duly im pressed with the sight, agreed on the manned principle—“to get the job done right up there, it’s got to have a man in it.” Nose gear of the B-70 alone weighs more than the entire plane Gen. Foulois flew with Orville Wright at Fort Myer in July of 1909 in the first mili tary acceptance flight. Top speed on the flight was 44 miles an hour. The 2.000-mile-an-hour B-70 is at the Air Force asking stage, with funds requested to build two research-type planes,: first of which is to fly in Au gust of 1963. •* * * To keep pace with such a development. Goodyear already has jet tire tests under way at speeds far and beyond facili ties of the world’s finest air ports. E. M. Eickmann. general' manager of the company’s Aviation Products division, has pointed out that landing speeds have increased from 120 miles an hour in 1945 to 200 in 1955 “and the day is not far off when these speeds will be in creased to 300 miles an hour.” Goodyear’s $2 million dyna mometer system has subjected tires to simulated speeds of 500 miles an hour. Mr. Eickmarm said the test ing system also will permit basic research on plastics, glass and metals “with the thought of improving current tires or preparing for the yet unknown requirements of fu ture aircraft.’ ** « * Washington-headquartered California Eastern Aviation is announcing realignment of top personnel in its wholly owned subsidiaries. William W. Brinckerhoff, who has been president of the Air Carrier Service Corp., and Aircar Engineering, Inc., will give full time time to expand ing Aircar. an organization of aviation consultants, surveyors and insurance loss adjusters. Top job at Air Carrier goes to Thomas B. Eastland, jr., FOREIGN EXCH'GE NEW YORK. Aorll ”7 <APi —Closinx foreign exchange rates (Great Britain and Australia in dollars, others in cents and decimals of a cent) Today Prev Day Canada in N Y ♦ free) .-103.9375 103 8906 Great Britain (poundi 2.8081 2 8073 (30-day futures* 2.8058 2 8050 (60-diy futures) 2.8039 2 8031 (90-dav futures) 2.8019 2.8010 Australia (pound) 2 2485 J 2.2485 Europe— r Belgium (franc) 2 0065 2.0070 France (franc* 20 3925 20.3925 Germany <Western) (deutsche mark* 23.9825 23 9825 Holland (guilder* 26.3250 26.5275 Italy (lira) 1619 1619 Portugal (escudo) 3.51 3.51 Sweden (krona* 19.38 19 38 Switzerland (franc) <free* 23.07 23 06 Denmark (krone* 14.52 14.52 Latin America- Argentina (peso) (free) 122 1.22 Brazil (cruzeiro* (free) .55 55 Mexico (peso* 8.02 8 02 Venezuela (bolivar) 29.99 29 99 Far East— Hong Kong dollar 17 65 17 65 “STARTING THIS WEEK" FRENCH BERMAN-SPANISH ENGLISH £»>■ BERLITZ fte Lancuope Center o( Washington 1701 K St. (at Conn. Ave.) STerling 3-0010 THERE IS A BERLITZ SCHOOL IN EVERY LEADING CITY OF THE WORLD THE EVENING STAR Washington, D C. Wednesday, April 27, 1960 DONALD E. DOYLE pending outcome of the contest for chief consul. Nominees in cluded: Elmer Blue. Riggs; Albert Campbell, National Savings; Ruth E. Crenshaw, American Security; Edward Duncan. Old Dominion; Cecil F. Gibson. Na tional Bank of Washington; Kenneth Gould. Bank of Com merce: Roger Hutcheson. American Security; William Johnston. American Security; Edward J. Matthews, National Bank of Washington: Evelyn Minard. Anacostia National; Daniel Reese, Security Bank; Joseph Richards 111. Riggs Na ’ tional; James Seitzinger. Alex andria National: David O. Vol lenweider. First and Merchants National of Richmond. • formerly the vice president. : i Air Carrier is specializing as i marketing agents abroad for • domestic manufacturers: han . died the recent transaction • which will send three Convair i 880 jets to Japan Air Lines and Convair 600 jets to REAL of Brazil and Transcontinental ■ of Argentina. ♦• • • I Quarterly regional meeting | of the Association of Local . Transport Airlines in Phil&del ' , phia tomorrow and Friday will hear new CAB member 1 Whitney Gillilland speak on i “A New Board Member Looks at the Local Air Transport In . dustry." ,*« « • i First flight of the Curtiss- Wright vertical takeoff plane. 1 reported to stockholders last : week, is the “greatest among 1 many contributions to aviation made over the years by Curtiss- I Wright.” President Roy T. Hurley said horizontal flight was made at 165 miles an hour; told of con struction of a six-place craft capable o* 400 miles an hour ( and declared “the field appears to be practically unlimited ” ♦* * ♦ Civil Air Patrol members j have been asked to contribute ' $lOO,OOO toward the Air Force . Academy's football staduim. . ' Selmer J. Ronnie, of Adelphi. Md.. former assistant director of the Air Transport Associa ' tion’s military bureau, is the I new director of the interline ' reservations procedures office of the Air Traffic Conference, a division of ATA. . . . Repre sentatives of the International , Civil Aviation Organization , 1 1ICAO) get a briefing at the FAA’s experimental center, At lantic City, tomorrow and Fri day. ... to meet the vacation travel rush, American Airlines has increased the number of Royal Coachman seats between Friendship airport and Los ’ Angeles by more than 30 per cent . . . the Air Force has placed a $620,000 prime con tract with Colonial Aircraft, of ' Sanford, Maine, for radically new passenger seats which can be assembled for forward or aft use . . , new Vickers Viscounts • go to the new Ghana Airlines, > to bring to 44 the number of carriers now using the project • airliner. AIR t CONDITIONED 1 EXECUTIVE i - SUITES | -r** jWK il / i SB 1 Ch' r i \ Available In Ss-i j This Brand New Outstanding Upper Sg Connecticut Avenue Address SS 4600 S CONNECTICUT AVE. J Ideal for Businetimer* Who Need A Prestige Apartment With Many Extra Services. See Den or Library, 2 Baths, Living Room, Dining Area, MB Electric Kitchen. MS Attractively furnished or unfurnished 24-hour secretarial switchboard service. Attendant, garage, parking Sr and services. Uniformed »gjg doorman. Roof garden. Sffi OPEN DAILY AND SUNDAY. SK II AM.-8 P M EM. 2 8700 Rental A Managing Agents Realtors Since 1906 724 14th Street N.W. || NAtionol 8-2345 No Merger Due, Says Eastern Airlines Chief WILMINGTON. Del., April 27 <AP).— Eastern Airlines, Inc„|i !is not currently discussing merger or acquisition with any other air carrier, Edward V. Rickenbacker, chairman, told the annual meeting yesterday. ; “I know we’ve been linked to ■ Capital Airlines," Mr. Ricken backer said. “I can say there are absolutely no discussions going on with them or anyone,’ jelse.” [' The Eastern Airlines execu- i tive declined to estimate first- ; quarter earnings with the re- : mark, “Figures not available.” j He predicted, however, the year i .would “turn out to be fair for ; us despite our problems.” The - last of Eastern's fleet of : 40 Lockheed Electras was re turned to service last Sunday, but at reduced flying speeds, he ' noted. ' The line is currently flying ■ with a passenger load factor of “roughly 57 to 58 per cent,” be said. “ "We would be over 60 per ’ cent,” he added, “if the Elec } tras were at normal.” ! Previously. Mr. Rickenbacker ’ had told stockholders the Elec- * tra is currently “4 to 5 per centage points” below the Eastern’s equipment average, j ! PEOPLE IN : BUSINESS 5 John B. Ecker, former vice president of Capital Transit Co., has been named professor of engineering administration at George Washington University He will direct a management clinic starting in September. Syl Sobanski has been ap pointed general manager of operations for North American Bowling, Inc. He has been with the Bowling Proprietors' Asso ciation in Chicago. Sidney Kramer has been I elected president of the D. C. Car Wash Association. s Benjamin O. Delaney has r been promoted to technical - operations manager of Vitro i Laboratories in Silver Spring r and William L. Freienmuth has i been named assistant technical f operations manager. * Francis & Parsons. Dodge [Dart dealer in Anacostia. was ■ awarded the coveted Chrysler ,' Corp. Quality Dealer Award for 1 the second consecutive year. Impact Advertising has been / named to handle advertising r for Orbit Rambler, Inc., in i Brentwood. Furniture Stores Invited to Enter J Ads Contest i To demonstrate integrity in ' newspaper furniture advertis , ing, the Mahogany Association,’ 1 • 1 t Ipc.. has invited some 200 of . the Nation's top furniture re-y t tailers to take part in a con r test to be decided during the s January, 1961, Furniture Mart in Chicago. s Newspaper ads published this year up to December 15 are “ eligible. Stores here invited to sub mit entries include: r Colony House, Hecht Co., S. . Kann Sons. Lansburgh & Bros, e Mayer & Co, Mazor Master o pieces, William E. Miller Fur- B niture Co, Inc, P. J. Nee Co, , Peerless Furniture Co, Red man & Brown Furniture Co, 1 I Sch neider Furniture, and 3 Woodward & Lothrop. ;| INVESTORS f Capital gain i opportunity available in building venture. s Minimum investment $lO,OOO. y OL. 4-2288 t [— s 1960 VOLVO CHOOSE FROM 23 * • BEST TRADES | • BEST TERMS | • BEST SERVICE I L. P. STEUART j BETHESDA INC. 4702 MILLER AVE. OL. 4-1000 | | I T® BUSINESS EXECUTIVES! I PERFECT PRIVATE W DINING ROOMS S’ for S Luncheons Dinners Meetings ■SIL Cocktail Parties i \ Home of the Hitching Post Lounge I ! PARCHEYS I (UU-Y CONDITIONED I ill s< >™ * K STREETS. N.W. • RESER VATIONS •FE T-eiJO CLOSED SUNDAYS S HOLIDAYS • CREDIT CARDS HONORED YOUR MONEY'S WORTH W BY SYLVIA PORTER =■ — i Joblessness Has Plunged This Month The number of jobless in our nation again has dropped below the 4.000,000 mark—wiping out the startlingly steep upswing which occurred in unemploy ment during March’s dreadful weather. The percentage of our labor force seeking jobs but unable to find them has fallen to less than 5 per cent—reducing the seasonally adjusted unemploy ment rate to around the 4.8 per cent of February. Employment on farms, on construction projects, in plants and stores has climbed by hun dreds of thousands in the past few weeks—pushing employ ment back into the seasonal up trend usual at this time of any good business year. These figures will not be re leased for another two weeks. The United States Labor De partment’s report on employ ment-unemployment in April is not scheduled until the second week of May. But the census on which the May report will be based was taken in the week of April 10 through 16. Enough material is in the hands of Government experts to permit an informed forecast about April's develop- Iments. Report Will Be Crucial This will be a crucial report, for the recent disclosure that in March the rise in unemploy ment was the biggest for any March since World War II sent shivers down the back of every ■ close observer. It is absolutely J imperative that the employ ment-unemployment trends im prove immediately if we are to have confidence that we are not already heading into another ; recession. i “A substantial rebound will i be shown,” predicted a top Labor Department analyst when I queried him in Washington on the April story. “We know that the weather had cleared up in the census week and this affected employment in con struction, agriculture, retail stores. We know that increases in employment in these fields will far offset the still disap pointing performance in the steel and auto production in dustries during the survey period. There has been no dramatic development, but the April trend was satisfactory.” I Experts believe a conservative estimate is that joblessness fell; from 4.2 million in March to less than 4 million and that the employment percentage OVER COUNTER Washington listings on over-tha counter markets furnished by the Na tional Association of Securities Dealers as of 1 pm. Wednesday. April 27: Bid Asxed Amer Invest 3’/» 3 4 » Am Mercurv Insurance 3V» 34 Amer Sec At Trust HO 64 Automation 13.82 15 11 C-E-I-R Inc 19 23 i Consumers Invest 4.85 ‘5 27 DrUR Pair 15 ,z 4 16’ t i First Virginia Corp 34 i 3« i Giant Food Inc 13 144 Giant Food Prop I s * 2 Govt Empl Corp 35 4” Govt Empl Insur 774 82 4 Govt Empl Life Im 664 714 •Hot Shoppes Inc 354 39 4 Inti Bank of Wash 74 84 Macke. G B Class A 144 154 Metropolitan Broadcast 144 15 s # Peoples Life Insurance 36 4<» Pepsi Cola of Wash .. 54 54 Servonics 7 4 84 State Loan 18 20 ' Suburban Trust 65 Union Trust Co 44 47 I NOW !a (( ™ l OCCIDENTAL RESTAURANT “Where Statesmen Dine" 1411 Penna. Ave. N.W. ' Res. DI 7 6467 ’[CH3] Is the time to buy a I FEDDERS I I AIRCONDITIONER Best Unit—Best Price Best Place I pnnnmounTco.' I -izo? G1 V. N W HU 3-4800 . | WASHINGTON'S ORIGINAL | CASH DISCOUNT HOUSE ' J -1 - - dropped from 5.2 to under 5 per cent. But is this ‘‘good’’ perform ance "good enough?” The judg ment of just about every re sponsible source I've checked is an unqualified “no.” 5 Per Cent Rate Too High For April marks the second anniversary of the end of the 1957-8 recession. In these en tire two years of expansion we have been able to cut the un employment rate only to 5 per cent, clearly above the rates recorded at this stage of the previous two post-World War II recoveries from recession. The current expansion cycle I is getting fairly mature, if we i enter the next recession with L this percentage of jobless we t can be sure we ll quickly reach the highest unemployment rates since the depression ’3os. The overall unemployment totals hide the concentration of jobless among adult men who are non-white and unskilled, the pools of jobless in chroni cally depressed areas. We may rightfully breathe easier when the May report on unemployment is issued, be cause it will add weight to the belief that the winter upsurge in jobless was due primarily to foul weather and that we still are moving along at a high level of business activity. But the actual statistics are ' neither socially nor politically ' acceptable. They provide no basis whatsoever for com t placency. r Quite the contrary, they cry f out that the time is growing short in which to reform our unemployment insurance sys tem so that it will be the flrst ’ rate protection it should be ; when mass joblessness threat ’ ens again. .. <Distributed i 960 by The Hall Syn j dlc.te, Inc. All Rights Reserved.) ) ' L 1 ' ftfn trust ‘ fW NOTES Reasonable Rates Prompt Service Wt Will buy SecoM Trvsl Notes Secured n Improved Property NATIONALMORW i lnvestment corp 1312 N.Y AYE ,N.W.-NA-8-58JJl Why customers no longer hang up on Charlie Jackson It was a crime the way they used to Finally, one day, Charlie’s boss got slam the receiver down. Yet you the word. So he invited aC & P Service couldn’t blame them. These customers Engineer to come in and get at the root just plain got tired of waiting to talk of the trouble. As a result of this ex- to Charlie when the line was busy. pert’s survey, they now have precisely It wasn’t Charlie’s fault, either. Ac ‘J" ki " d «»"""’”'•«<>■“ equipment tually, he was a darned good salesman ' h ' S ' cue- a . . • . ... . L T r tomer needs (and, incidentally, cut ex- alert, courteous, to the point. In fact, > ~ , . ... ~ , . x penses). Needless to say, business is that was the whole trouble. Business ru. r > u ... . . . booming around Charlie s shop again, got so good that, before anvbodv real- v Charlie s happy-so are his customers, ized it, his company had outgrown their communications facilities. That’s Perhaps a C & P Service Engineer when the bottlenecks set in. can do blg things for ynur business > to °- His survey costs you nothing. Just call Then business started to get bad. our Business Office. JUIIIIL ■-4 V 1 KAL.FS CHAI .7 rs \ I' ! 1 B if I J BL a IPs.'V-- • i -'* is > ! A. 4 O "iS-' C-' -' - ~’■a • •» ' ," r x There's profit in good telephone communications THE CHESAPEAKE A POTOMAC TELEPHONE COMPANY Cordiner Sees Good '6O After Slow Start CHICAGO. April 26 <AP>— The board chairman of Gen-' ’ eral Electric forecast today that 1960 will be a good year for I business and the consumer. Ralph J. Cordiner said wide spread severe late winter ( weather was responsible in part , for the national economy's slow start this year and he added > that he expects no business ■ downturn in the final quarter ■ of the year. > Speaking at a news confer- ■ ence on the eve of GE’s annual meeting in Chicago, he said: “I think business will stay > good. But you are going to have ■ to work for it. There will be i very intense competition—and 4 f~ r lUMtt r THIS BOOKLET r CAN CHANGE : YOUR CAREER Now you can judge if your future lies in a career as a life insurance underwriter. Give yourself the Self Analysis Quiz which the booklet shown above will bring you. Without obliga tion, ask us to send you this booklet promptly. With your request please tell us your age, marital status, education and previous experience, no matter where it has been. Write us now: J. MITCHELL OWENS. C. L. U. GENERAL AGENT Room 226, Woodward Building WASHINGTON 5. D. C. NAtionol I 0015 and 10014 thus good values for the cus tomers.” Mr. Cordiner said he never expected, as some economists ! had forecast, that 1960 would start off as a boom year and then taper off in the final quarter. He was joined in the news conference by Robert Paxton, G. E. president, and Vice Pres idents George Irvine, J. S. Parker, William Wichman and Lemuel Boulware. They gave this picture of the company’s ' outlook: Although inventories of elec trical appliances have built up ' to a point where a few layoffs of production workers have : been scheduled, the industry is nin no difficulty and no break I in prices is anticipated. The present level of inventories ’ "somewhat above normal" is a temporary situation brought on ST 1 I » HP.* Or'e jns lCS ’ ■ with TOOiveV es. I I Rr. He* u tng cars■ /” 00(P5 and a 1 I Thiougn suite 5 ’ d Re^ n ' n y n6e 1 I U 1 coaches w 1 facilities- —. — —■ / - ■ 070 / / „„ ,CSn ' / —. J Sc csr 1 Fast, Convenient Service . . . * J Modern, Comfortable Accommodations A 'OID THE STRAIN —RIDE THE TRAIN Call or Come In! Southern Railway System, Washington Terminal, City Ticket Office, Ticket Office, 15th and K Sts,,-N.W.. EX 3 4300 NA 8-4460 ■ by the recent steel strike and ' settlement. ’, Competition from products I produced abroad has not been [ serious for General Electric. [ O. E.’s products are selling well in foreign markets. s The company, which has • been making diesel electric lo comotives for domestic use and ■ for export, will oqer a new typa J model in 1961. Teh locomotive ’will be especially designed for high - speed domestic freight service on main lines. CREDIT EXECUTIVE ‘j Available Moy 9. College and ‘, Graduate School. Educated in > Business Adm. Plus Extensive 1 Study and Local Experience in 1 My Field. Box B-C, Star.