The Tennessean du lieu suivant : Nashville, Tennessee • Page 21

THE TENNESSEAN, Tuesday, Aug. 14. 1973 21 index of the Over-the-Counter market was down 0.91 at 104.35. INDUSTRIAL PROPERTIES Sales Leases CHAS. HAWKINS 256-3189 Realtors Phase 4 Doubts Cited as Market Continues Slide COMPLETE Printing Office Supplies A- Office Furniture HESSEY BMP.

ifMOTi -AP Wlreoholo NEW YORK (AP) Stock market prices fell again yesterday, continuing last week's slide as investors greeted the beginning of Phase 4 with skepticism that it could stem inflation, analysts said. The Dow Jones average of 30 industrials closed down 9.18 at 883.20. Declining issues on the New York Slock Exchange had a broad-based lead over advancers in a light volume of 11.33 million. THE DOW blue chip indicator gave up more than 17 points last week. Its losses have obliterated gains during July.

"There's a growing that Phase 4 won't work," said Louis Abt of Granger Co. There was also some investor uncertainty over President Nixon's scheduled statement later this week on the Watergate case, he said. Said Monte Gordon, analyst with Dreyfus "It looks like interest rates will go considerably higher." "The market has been very sensitive, very nervous," he said. MORE BANKS announced yesterday that they had raised their prime rates to 914, the highest level in history. Gold declined on overseas markets, and gold mining stocks reflected the declines by dropping.

Analysts also said that beef shortages were causing considerable concern among investors, further adding to a stay away from-the-market psychology. Teleprompter, down at 13, was the Big Board volume leader, followed by American Telephone Telegraph Warrants, down at Minnesota Mining, down VA at 85V4; Clorox, down at 19, and Fannie Mae, down y2 at THE AMERICAN Stock Exchange volume leader was Bowmar Instruments, up 3A at 38. The Big Board's broad based index of some 1,500 common stocks was down 0.61 at 55.23, while the Amex price-change index was down .10 at 23.07. The NASDAQ composite Water's Great-and What a Plunge PRINTING CO. INC.

Showrooms Lafayette Call lor Service 144-7180 MflhliU Call John Russell IIILLIARDLYONS J. J. Hitliird, L. Lyont. Inf.

Life ft Casual! 1Yr Member New York. Anwncan, Midwest stuck exchiingM INTERSTATE 1-24, 1-40, 1-65 COIORTV 420 Murfreesboto Rd. LEWISVILLE, Tex. A young woman braves a I railroad trestle off 1-35, in an effort to beat the 90-50-foot jump into the waters of Lake Dallas from the plus degree heat of the Texas afternoon. Heaven Lee Answers Sex Rumor Catch My Act, Be Convinced! Heaven is back in town packing them in nightly at the Black Poodle nightclub in Printer's Alley.

"American women are too self-conscious about sex," said the stripper whose own act Founder Gifts Taft Fund Drive Brings $15,000 give them." She said later, however, that she is sexually approached more often by women than by men. "Sex is beautiful; there's nothing at all wrong with it," she argued. "I would never tell my own children that sex is ugly. I would tell them to be careful but also to enjoy it as much as they could." Heaven said a good-looking woman is like a bouquet and a good-looking man is "like a good bedroom." MISS LEE, who fled from Cuba in 1964, is of Spanish ancestry and worked as a fashion model and flamenco before becoming a stripper. She now plans to become a movie star, and predicted with confidence, "By the end of this year, I plan to be one of the biggest sex symbols in the movie industry." SHE LEAVES for Las Vegas and the cinema in September.

"The people there think nudity is beautiful," she said. "They're not sex fanatics like they are rake Motel preferred in NASHVILLE VJlti by BUSINESSMEN 615 256-8177 Nashville, lenn. Rates $9.00 Up Illp z2 A fund-raising drive here has raised more than $15,000 to benefit the Nashville seminars of the Taft Institute of Government, Tom Wiseman, chairman of the drive, announced yesterday. Wiseman, who is Tennessee's state treasurer, said founder gifts were contributed by Life Casually Insurance Third National Bank, First Amtenn, Commerce Union Bank, Bill Akers, Jack a Tom Kennedy, Werthan Industries, Bronson Ingram, Dortch Oldham, Murray-Ohio, Sam Lovcnthal, South Central Bell, Fred Lucas and Frank Woods. "FOR THE PAST seven Wheat Exporter Faces Charges on Soviet Sale Fed's Discount At Record 7.5 WASHINGTON (AP) The Federal Reserve Board hiked its discount rate yesterday from 7 to 7.5 the highest ever.

The discount rate is charged by Federal Reserve banks on loans to commercial member banks. The increase is effective today. The board said the increase to 7.5 "was taken in recognition of increases that have already occurred in other short-term interest rates THERE ARE 12 Federal Reserve banks in the country. The increase reflects rising interest rates throughout the economy. In recent days many banks increased their prime lending rate to 9.25, the highest in history.

The Federal Reserve discount rate cannot differ too greatly from interest rates generally. Commercial banks would tend to borrow disproportionately from Federal Reserve banks at the lower interest rate, rather than seek out other sources of lending funds. Japan Firms To Link Up TOKYO (AP) Hitachi Ltd. and Fujitsu Ltd. have agreed to set up a joint venture to develop, manufacture and market computer peripheral and terminal equipment.

A spokesman said the new company, to be known as Nippon Peripheral will devote its first year to research and development and begin production in the second year. It will be initially capitalized at about $380,000. The joint venture was interpreted as a second phase of a tie-up agreement signed between the two companies in October 1971. Japan Imports, Exports Rise TOKYO (AP) Japan's validated imports and exports rose to records in July, the government reported. Imports rose 100.3 to $3.77 billion from a year ago and exports rose 37.8 to $3.53 billion, the Ministry of International Trade and Industry says.

The' government attributed the increase in import value to brisk domestic demand and a rise in prices. Scrap iron topped the list, followed by pig iron, barley, textile goods and autos. Exports to the United States increased 9.5, to Western Europe 79, to developing nations 50 and to Communist countries 20. U.S. Bonds NEW YORK (AP)-Closinq Over-the tounter U.S.

Treasury Bonds for Monday. Rate Mat, date 193 Bid Asked Bid Chq Ylc 4s Aug 4 'OS 4laS 4 is us 4s 3'2 7S 6JeS 3 iS 6'eS 3 4S 4'-4S 6'aS 3'2S 4 634S 7 4's 3s 7S 3'2S Nov 193 Feb 1974 May 1974 Nov ly4 yy.Jv wv.u .2 98.22 98.26 .1 97.1 9.21 .1 93.26 8.y. 8.94 b.j 7.6c 7.o 7.13 7.J- 94.11 vo. 1 96.21 Feb Nov 1(80 94.18 .3 81.14 .4 77.28 .2 60.30 76.26 IVbU 1981 1982 198-83 19114 Auq Feb Jun Auq 98.20 99.4 .6 93.4 93.12 .8 70.S 71.8 .6 7.42 9I.jO 69.30 75.4 90.0 92.6 .14 7... May 1985 May 195-85 Nov 1986 Feb 1990 70.30 .14 6.90 76.4 .10 90.16 .4 70.14 .20 72.10 .22 90.18 .8 69.14 Auq 1987-92 71.10 Feb 1993 90.10 Auq 1993 9.

18 98.2 .20 May 1969-94 69.20 70.20 .10 Feb 19V5 69.6 7U.6 .14 May 193-9B 92.12 S2.20 .20 Nov 1998 69.12 70.12 .19 Bid and asked prices quoted in dollars and thirty seconds. Suoiect to Federal taxes liot not to State income taxes. includes whipped cream, cherries, lollipops, and a fast moving feather. THE STAR said American males "are the most frustrated men in the world" and want something "their wives won't years," Wiseman said, "Nashville has been given a three-week summer seminar, held at the University of Tennessee at Nashville, for high school teachers to learn about government first hand from government officials and elected representatives." He added that the seminars are sponsored by local contributions for the first time this summer. Serving on the fund-raising campaign committee with Wiseman were Woods, David Wilson, Kenneth Schooen, Roscoe Buttiey, Andrew Benedict, Allen Steele, Edward Nelson, Robert Boult, Lewis Pride, Henry Booth, Dan Calgy and Joe Thompson Jr.

The complaint, filed with the Agriculture Department hearing clerk, is the third CEA action stemming from a continuing investigation of the 440 million bushel Russian wheat sale. THE DREYFUS complaint and another against the largest grain exporter will go to public administrative hearings to determine whether violations of the law have occurred. Meanwhile, Sen. Henry M. Jackson, whose investigations subcommittee is probing the deal, said food prices will continue to rise because the Nixon administration is repeating mistakes made in the wheat sale.

He estimated the deal has cost the American consumer at least $1 billion in higher food prices. The administration has acknowledged the sale resulted in, at least a $500 million increase, but Agriculture Secretary Earl L. Butz has denied that the transaction is primarily responsible for higher prices. THE PRICE of wheat has tripled over the past year and last week surpassed the record $4-a-bushel mark. Bread costs have gone up three or four cents per loaf and beef is unavailable in some areas.

The Agriculture Department forecast last week that 1973 food prices may be 18 to 22 above last year's. The CEA accused Dreyfus of filing erroneous reports between July 7, 1972 and Oct. 20, 1972, on the exporter's fixed-price cash position in wheat. The range of error was from more than 900.000 bushels to more than 25 million bushels, the complaint said. Slightly more than a month ago, the CEA accused Continental Grain which accounted for more than half of the sales to the Soviet Union, of submitting incomplete and inaccurate reports on its transactions during roughly the same period.

Kill I il'miliu iGC XLUiSXil By HENRY WALKER Is famous stripper Heaven Lee a man? Nut likely. But the exotic dancer said yesterday that try the end of her act, the audience should have no doubU about her true sex. MISS LEE said if she could find out who is spreading i rumors that she once was a man, "I'd sue them for a lot of money." "It used to bother me some," she confessed, "but no more. I know what I am so why should it matter?" Joe Kennedy Wreck Hurts Two Seriously NANTUCKET, Mass. (UPI) A Jeep-type auto driven by Joseph P.

Kennedy III, son of the late Sen. Robert F. Kennedy, crashed out of control yesterday on Nantucket Island, injuring his brother, David, and two young women companions. Both women among seven persons in the car were reported in serious condition at Cape Cod Hospital. POLICE said Joseph Kennedy, 21, would be cited for dangerous and negligent driving.

He escaped injury. David Kennedy, 18, was reported to have suffered a badly sprained back. Officials at Cape Cod Hospital said he was "resting comfortably" last night. A hospital spokesman said "there is no great cause for alarm" about David. Orthopedic surgeons were hurried to the scene after Kennedy and three other occupants of the auto were flown from Nantucket by a hospital plane.

MRS. ETHEL Kennedy was at the hospital last night, as were Sen. Edward M. Kennedy and Sargent Shriver, uncles of the two Kennedy boys. Most seriously injured was Pamela Kelly, 22, Hyannis-port, who underwent surgery for a possible spine fracture.

Doctors said Miss Kelly was in "very serious" condition and that they feared she might be paralyzed as the result of the accident. Mary Schlaff, 22,. Grosse Point, was treated for a fractured pelvis. Patricia Powers, 22, Spring Lake, N.J., and Kim Kelly were released after examination. THE SEVENTH occupant of the car was identified as Francis Dionis.

Police Chief Wendell Hows "said the youths were riding along a two-lane road in what he called a "Jeep-type vehicle." It overturned, spilling all but Joseph to the ground. "We haven't had anything this bad in a long time," Hows 8aid- Police said Kennedy would be arraigned Aug. 23 on a charge of driving a motor ve- hide "negligently so that the lives and safety of the public might have been endangered." THE CRASH WAS the latest In a series of tragedies and accidents to befall the family of Joseph P. Kennedy. President John F.

Kennedy and Robert Kennedy both were assassinated. Sen. Edward Kennedy narrowly escaped death in. a plane crash eight years ago, also suffering a back injury. On July 19, 1969, Kennedy was driving a car on Chap-paquidick Island when the car crashed off a narrow bridge.

Mary Jo Kopechne was killed in t)ie accident. Mtfm Delta has 4 nonstops to Chicago every day, including the only mid-day nonstop going. NASD Prices AlaTenn Nat 6.1 ft" American Agency i American Equities Corp. 7Vz 8''2 American Equities Unts 8 9 American Express W'n American Family 13' Baker Brothers 17 18 Bence Plastics 2 2'4 Beneficial National j-; Benham Blair 5 Bcglev Dru9 7'i 8-4 Berkline 5V 5ss Bruno's 8 Cabana Coach l'i Capital Airways Vi Charter Bankshares 105i 11' Charter Co. Preferred 27 28'2 Chatlem Drugs S'j 6 Cole Industries 1 l'i Colonial Life 34 35' Convenient Industries 4'4 Sri Cosmopolitan Soa 2's 3fc Cummings Signs l7'B 2ut Daniel International 21 't 30 a Dollar General Hi 2 Downtowner Ks 2'4i Durr Fill.iuer Si.i E.

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Travel Equipment V' Union Planters United Cities Gas United Tenn. Rancshares Volunteer Capital .2,, Wells Gardner 'Ji' William Bond Winner Corp. World Service 4 15 Most Active Stocks NEW YORK (AP) Sales, closlnq price and net chanqe of the fifteen most hac tive slocks traded on the NY Stock Exi- Te'eoromp 272 800 13 Am T8.T wt 153,800 414 '4 MinnMM 129,300 85V4 -1 '4 Clorox Co 119,500 19' 2 FedNat Mtq lJJ Am 112,200 47 ArS Sterilz 105,700 12 4 Warn Lamb 102,400 45 4 -I 2 Deere Co 101 600 49 Southern Co WVa Va EIPOW 97,200 17 54 Collins Rad 89,800 24J4 Occiden Pet 75 700 9 2 IntTelTel 75,200 3058 May DStr 72,700 29' 2 V2 American Leaders NEW YORK (API Sales, closinq price and net change of the ten most active stocks traded on Ihe American Stock Ex-chanqe: Bowmar Ins 51,000 38 34 McCull Oil 46,600 5'4 "4 Coleman 41,200 19''i "A BrownFor 33,200 21 4 -1 Buttes Gas 2S.600 21 '4 4 Svnlex 25,200 Houst Oil 24,000 36 -4 Superscoo 21,800 1 Atlas Mln 19.2C0 23'4 V2 TWA wt 17.000 5 Leave Arrive Nashville Chicago Nonstop Nonstop Nonstop Nonstop For your return to Nashville, choose from 4 nonstops. One's a thrifty Night Coach for just $32. You save 18 over Day Tourist.

Leave Arrive Chicago Nashville Nonstop Nonstop Nonstop Night Coach Nonstop By BRIAN B. KING WASHINGTON (AP) The Commodity Exchange Authority has charged Louis Dreyfus a wheat exporter, with filing inaccurate reports during last year's massive wheat sale to Russia, the authority announced yesterday. Edsel Not A 'Lemon7 To Them STAUNTON, Va. (AP) Some people don't mind owning a car that looks like a Mercury sucking a lemon. The car is Ford's defunct Edsol and owners of the auto made in 1958-60 drove 100 of the vehicles some of them from as far as the West Coast to attend the national Edsel Owners Association meeting.

GFORGE WATERMAN of Seattle received an award for driving the longest distance. Roger Hill, of Arvonia, was elected president to succeed Willard Jolley of Columbus, N.C. During its production days, a favorite jibe was that the car looked like a Mercury sucking a lemon. The "lemon" was the car's unusual shield in the center of its grill. Name Fame PITTSBURGH (UPI) Room 15 at the Western Pennsylvania Hospital had some people with famous names recently Nixon and Agnew.

F. Reid Agnew, a self-employed inventor, was admitted to thi room on the hospital's fifth floor July 30. Monroe Nixon, who is retired, drew the same room by coincidence the next day. Agnew's brother, Bert, recently won a country club tournament in Philadephia with a golfing partner named Mark Nixon. One-way fares: Day Tourist and Night First Class $39, Night Tourist $32.

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