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The Tennessean from Nashville, Tennessee • Page 51

Publication:
The Tennesseani
Location:
Nashville, Tennessee
Issue Date:
Page:
51
Extracted Article Text (OCR)

THE NASHVILLE TENNESSEAN, Friday, Oct. II. 196S FT i Nashville Business Stocks Fall Back Under Profit Grab: 1 Mooney Stock Sale CP'S i The Dow-Jones industrial av Happy Motoring ffifr naiiiiini-' -OK 1 fc. Si, MT! Set for Expansion erage, i reflects movements in the blue chips, fell rmitii 2 i By ALBERT CASON back 6.46 to 94.78. THE NEW YORK Stock Ex 4r i Whale Electronics, one of the owners of Andrew Jackson Hotel, and a director of Minni change index mirrored a de cline of 21 cents in the average Pearl's Chicken System, is a director of Mooney.

common share price. The offering is expected to Mooney Broadcasting Corp. of Knoxville, owner of Nashville's radio station WMAK, has filed a registration statement with the state department of insurance and banking on a public stock offering. Proceeds of the offering, it was reported, will be used to help finance a major expansion be made in the near future. Volume climbed to 17,000,000 shares, up from the 14,000,000 with all stock to be sold in iHi-? ill A3j- NEW YORK (UPI) Despite another windfall of favorable economic news, stocks suffered one of their steepest declines in weeks yesterday under aggressive profit taking.

Volume swelled considerably, largely a result of an accumulation of orders from the Wednesday shutdown. HOWEVER, commentators "noted that the selloff was long "overdue, especially since the recent accelerated rise carried many market indicators to new peaks. The UPI stock market indicator, measuring all stocks traded, off 0.32 on 1,613 issues crossing the tape. Declines topped advances, 907 to 584. There were 95 new highs and "19 new lows.

Tennessee, the announcement shares traded in the previous said. Neither the number of session. Prices on the American Stock aimed at the maximum owner (Turn to Page 64) 4 Exchange declined in heavy ship allowed by the Federal Communications Commission, seven radio stations, and seven television stations. volume. Turnover aggregated 6,776,080 shares against 6,405,140 in the previous session.

Of the STaff photo by Dal ErnsMnar MOONEY purchased WMAK from Nashville's LIN Broad Beauty by the Roadside Sine 1192 Salts Appraisals Laasas 120 Union St. Phona 256-8195 1,030 issues traded, 554 declined, 332 advanced and 144 were unchanged. The official Amex index declined 12 cents a share at $30.48. casting Corp. more than a year ago.

John Ozier, chairman of L. E. Tant shows off his Harding Place Esso station at I ner in Metro Beautiful Commission's annual service station Nolensville Road and Harding Place which was an award win- I competition. Closing Quotations for the American Stock Exchange PRGVIDETJT TRUST CO. IP TO $10,000,000.00 PER SIX CLE PROPEKTYCO.YSTL'CTIO:V LOAXS MORTGAGE LORNS 210 UNION ST.

AL 5-3122 45 -1 RochG PfF 4 NEW YORK (API- Thursday's complete 15 3534 34 34 Magna Oil 8 19VS 34 33 3334 25 25 25 4- 21 2034 2034 Z40 45 45 40 24 24 314.. 39.. Statham Inst Steel Can 1 SteinHaw American mock txenanga prices Kockower .30 Rogers 1.58t 24 14 39 Va 40 8 19 Vb 36 22 Va 40 8 I 19 248 8 25 36- 35 23V. Fresnlllo FriendFr Frier Ind .30 Frontier Air Front Air wt Fur Wolf .80 Rollins Leas 19 1 0 934 9 23 21 21 '4 21 Vi 25 15 14 1434 19 834 8 8 1 15 15 15 'A 9 43 64 9 4334 63 )6 22 63 -t- Sales Net (Turn to Page 64) 41 75-167 1-167 1-14 (Ms.) High Low Close Chi 47 -1 47 47 Rollins Leas RollsRoy J3a RooseRac .80 Rosenau .40 Rown Dr AberPet .07 33 232 22 22 Va 73 18'l 18 18 Vt G-H-I 45 30 29 30 1 24 24 24 Vi 21 11 11 IIV2 4- Vi 36 49 47 4734 1 19 18 18 18 277 434 4 4 11 73 72'l 72 Rowland Pd 23239 37 37 2 25 24 50 49 76 72 3634 34 12 59 67 36 36 16 16 24 25 16 25 Royal Amer RoyBusn Royal Ind Roy School Rusco Indust Russeks Inc 31 28 This announcement Is neither an offer to sell nor a solicitation of an offer to buy any of these Shares. The offer (s made only by the Prospectus.

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WAKE UP WITH MUSIC! KavJwiv .50 Kezchm Kewanee Kewanee Pf 2 KevRvEp .60 Kilembe Kin Ark Oil Kinqsford .80 Kirbv Ind .25 Kissell A Kler Vu Kleinert Kliklok .50 Knott Hot 1 Kollmoqn .40 Kvsorln Lafav Radio LAiglon Lake Shore LaMaur .32 Langlev Co LaPoint Lau Blow .70 Leasco Data Leasco wl Lease Dat pf Lease Dat wt Lee Filter Lee Mot A Lee Natl Cp Leece LehPres n.56 Lenox In 1.40 LernerStr .40 LernerStr wt LeslleFa LevinTwn .40 LibtyFab LilliAnn LIlv Lynn A LlngTVgt wt Llthonia .24 15 15 1 13 22 '2 21 22 14 241'i 17 Z75 6934 1 126 25 1634 1 1 mm 1 1 1 ox.vvo WMv.i' t.m 100 11434 111V8 112 114 3V2 3 112 111 Ml 67 78 6834 67 SPEAKERS WOOD CABINETS 75 1 -1 7518 11 25 52 221 31 4'4 4 3-16 4 3-16 53 51 133 1314 63 6 17'2 17 R-S DOW-JONES AVERAGES AMFM STEREO RADIOPHONO 31 31 124 34 35 35 4- 204 15 143i 156 4- 471 i 4AV. 44 1 22 13 4- Vs 6 Vb 17'4 4- Vb 31 4- 22 67 14 23 13 14 27 Vi 43 1 158 15 14V2 15 22 66 23 133 27 A compact component music system for stereo listen- ma eniovment. AMFM stereo radio. 4 speed phono. P.

NEW YORK (AP) Dow-Jones stock averages: 67 24 14 2B HEAR THE SWEET SOUND OF QUALITY 2-PC. STEREO RADIO CENTER OE AMFM STEREO RADIO Ep7d SPEAKER tzJjJ Quality AM FM stereo radio with 4" speaker and matched separate speaker, to give you rich stereo sound at its best! 12-1474 IT'S NEW! PART OF THE '69 MODELS Change matched speakers. 13-1045 6214 65 29 28 28 V2 173 4- Va 12 22 20'i 20 1 33 25 24 24 1 X207 29 28 28 Vt X158 32 3. 31 13 23 31 229 29 1 144 12 12 12 91 70 48 49 1 469 37 35 343 234 932 7 6 6 4- 10 94 92 92 34 Ramada .34 Ramer Ind Rand Comp Rath Pack RavmEng .36 Reading Ind Reallnv 1.20a RealtyE Realty wt RE DM CorD Redman -20rt Reeves Brd Reeves Ind Rellanln 1.60 Remco Ind Rem Ar ReDUb Foils Reserch Cott 17 17 11 11 11 .1 33 1 34 2 5 91 43 41 442 28 8 30 82 1U 12 9 108 2 42 4' 68 12 174 244 142 95 52 50 503 13 17 vt 49 AMAZING NEW CASSETTE RECORDER Ends threading tape forever! "Pop" in a cartridge and record or play back. Great for home, office, school.

14-853. 17 17ii 18 17 17 17 Locke Mfg 18 Vt 1712 1734 18 VI 1934 1934 Vi 7 712 1934 20 7V8 Vt 22 13'4 40 1 LIKE IT? BUY IT! "CHARGE IT" WITH YOUR BANKAMERICARD! 181 18 14 20 3 20 53 4l'i 431 II 30 20 8S 32 5 32 130 39 17 41 Stocks Open High Low Close Industrials 954.44 958.66 944.24 949.78 Rails 271.86 272.71 268.32 269.63 Utilities 130.05 131.17 128.71 130.02 65 Stocks 340.58 342.12 336.68 338.73 Transactions in Stocks Used in Averages Industrials 1,101,000 Utilities Rails 204,000 65 Stocks Bonds 40 Bonds '6-50 10 Higher grade rails 63.93 10 Second grade rails 76.95 10 Public utilities 81.11 10 Industrials 84.02 Income rails 66.58 Commodity futures index 137.44 1.95 0.64 1.81 253,000 1,558,000 0.12 0.05 0.06 0.49 0.01 unch. 0.31 22 133 45 9 27' 4 68 39 40 V4 1714 195 31 32 3714 44 a4i Reserve OG 9 Resistflx 271. i8: Resortslntl A 4017 4- Resortslntl 40 JRestAsso 71 ivReDS 21-t-BlDC f-nmmun Lockwod KB ILodgeSh Loehman .44 Logistics Ind Long Witt .30 Louis Sherrw LaGasSvc .92 La Land 1.80 LTV Aero .80 LTV Aero wt i LTV Elec .50 LTVLing i LTV Ling wt LTVLin pf.80 t4 41 -1 22 13' 4 443 9 26 68 3S 203i 2fli 13ii 6' 15 3212 10 21 43 23 2234 100 OAKS SHOPPING CENTER J0'4 Dir r.rmm 18 4-1 19 3134 32 3B3.4 41 41 14 34 23 34 14 Vi 39 Vi 12 4- '2 30 -1 32 11 4-1 22 Va 13 4- Vt UVa Va 119 20 40 1334 26 634 10 1534 12 33 25 11 1334 a 434 Va 15 32 Va 10 Vi PHONE 291-1529 OPEN 10 A.M. TO 9:30 P.M.

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