The Palm Beach Post from West Palm Beach, Florida on December 12, 1976 · Page 137
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December 12, 1976

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The Palm Beach Post from West Palm Beach, Florida · Page 137

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West Palm Beach, Florida
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Sunday, December 12, 1976
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Page 137
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- " ;-w . FF8-Palm Beach Pn.Ties, Sunday. December 12, 1976 The Week in Business Executives Give Cure To Ailing Economy J By The Associated Press A group of top corporate executives put forth its answer for the ailing economy this past week. They proposed to President-elect Jimmy Carter a permanent tax cut for individuals amounting to $15 billion, federal job-creating programs worth about $5 billion and a $3 billion reduction in business taxes. The business cuts would be in the form of an increase from 10 per cent to 13 per cent in the investment tax credit, the tax savings corporations receive for building new plants or buying new equipment. A growth in that type of spending by business is considered a prerequisite to further economic expansion. It provides jobs and heads off inflationary shortages down the road. The proposal was presented by Reginald Jones, chairman of General Electric Co., on behalf of the executives who met with Carter in Washington. General Electric Co., meanwhile, also had its eye on another branch of government this past week. The Supreme Court ruled in a case involving the company that disability plans that exclude pregnancy don't violate federal sex discrimination law. The decision will affect the movement for greater equality for women in the workplace, as well as cor porate personnel executives who say such benefits would add significantly to the cost of such programs. The majority of the court found that General Electric's plan is no more than an insurance program covering some risks and excluding others. Elsewhere this past week: A number of major commercial banks announced cuts in their prime lending rates. Bank of America, the nation's largest, sent from 6V2 per cent to 6V4 per cent. Morgan Guaranty Trust Co., sixth largest, went from 6V4 per cent to 6 per cent. The International Monetary Fund sold 780,000 ounces of gold for $137 an ounce in the latest of its auctions. Another 780,000 ounces will be auctioned next month. Then beginning in March, the IMF said, it will sell 525,000 ounces each month. American Telephone & Telegraph Co. said its operating companies will seek permission to charge for all long-distance directory assistance calls. Customers in 13 states and parts of three others are now charged for local information calls, and persons in three states already pay for long distance information within their state. Volvo, the Swedish automaker, said it has indefinitely halted its plans to build cars in the United States, reflecting the company's slumping sales. Jj&iiaui m . mi 1 ... ..im iwiwii'iii hi 1 1 .a . - . - 0-0-?? . "lj UPI Talephoto WINDMOBILE - Wind to help propel Mark dried up. The product, shown at Sebastopol, Ca-Goldes' creation is abundant but money to power lif., has three wheels and a top speed 0 60 m p h it isn't. He planned to have his energy saver on Electric batteries furnish the main thrust, the market this year, but says venture capital has National Over the Counter Canadian Weekly Stocks Continued from Page FF7 ii 3i 94 TORONTO '1 PI I -Weekly stocks. Quotations in Canadian funds. Quotations in cents unless marked $ 25 H 91 104 32 14i 27 26i 222 5-16 504 60 4 18'. 66 3 36 11 58 I74 7 2H 13 11 Volume High Low Close Ctwe Abitibi 34316 S94 9 94 3'-ll -17'4 2'i llh 44 13'tt 35'.. 3' 10i 16i 2'-! llh 4' 121. 34. 51 14i 104. 17. 757 19i 509 7 1. 3. 9 184 t 64 9 34 -34 114 6035 $114 114 114 88 5 14500 5 7 13'i 639 175 153 Toth AlumCp Towle Mfe .BO Tianseo Co Transcontl Oil Transocean 01 TransprtLf .24 Tremcolnc .80 Triro Fnxil la Triton Oil Gas Tn I'hfiii 16 TrsK'oOa 1.20 Tull Jthi(i .5(1 TwnCHrj! 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IB 184 50 16 322 18i 153 154 329 114 -W 5 7. 9 84 25 74 109 3 4 80 256 146 Chicago Grain 19944 $114 114 114 5060 440 425 440 47572 63 58 60 38445 : !9i 224 5645 305 290 300 17574 $74 6i 74 2937 $234 22 4 23 i 3601 495 485 495 4784 $10i 104 104 25940 $10 94 94 Vacu Dry Co Vavabnd Hot! Vail Associate ValieBnr 1.36 V'alleylab lnc ValmonI Iiidu ValXBAra .85 Valiek Incorp VanDusAir .48 Van Dvk Rsrh VanSh'ack 03d Vapor Cp .lod Varrolntl ,02d VanableAn Li VaughanJk .40 Velcro lnd .60 'elo Bind lnc Venlron Cp .60 Virlria Station Viking tidustr VaChcnncI .72 Virginia Intl VaMBkshl.20 'olm Shoe .50 Volunteer Cap WadswFub .20 Waldbaum 3i Walislmlus .36 Waller Hit Inv Warn KIBk .80 Warner NatCp Washn (iroup WaMGas 1.16 Waste Kesour W jlersllsr .14 Wavelek Wl) 40 Co 1 WVathrtnl Intl WebbConip .50 Webb Kesourc Wet'o Develop Weeden .4oa Wehr Corp .75 WVighlWal .50 Weill! 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Crush lull 6562 $84 74 8 Lab Mm 3554 $29 27 4 29 S.gma 15UO $20 19 19 i 2 CvgnusB 100 $5 5 5 LOntCem 3854 320 310 32c 'SO Simpsons 84739 5 54 i DAiagon 70200 23 22 23 1 L Shore 510 225 220 220 '20 Simpson S 7754 $8-4 74 8m . DeccaR 11100 $64 6 6 LL Lac 3848 141 130 140 Slalei Stl 24"5 $7a 74 74 - 4 Deiuson 29773 $60 574 594 24 Lob Co A 6366 275 260 275 ' 5 Spooner 28775 25 23 234 4 Dicknsn 11050 4 35 400 435 35 Lob Co B 7860 275 255 265 SlBrodrst 4320 $7 ' i 74 7. Discovry 34u0 50 46 50 4 Lochlel 28700 124 112 122 2 Stele o A 29072 $244 24 24 4 'i Dome 3499 $464 45 464 1. Loeb M 10370 290 260 270 '15 Slec-)R 9449 190 182 190 ' 5 DomePele 49168 $374 334 S7H 3 BUd 60239 $23 22 4 23 H Sud Colli 23500 174 15 17 - 2 DofascoA 7535 $254 24 244 ' Madeline 9864 74 72 73 1 SuilvanA 18477 106 I'D l'J) J Hum Store 15852 $144 134 144 4 Madsen 8500 48 47 48 1 Tara 1100 $154 15 15 III Pont 4125 $13' i 124 134 4 Man Bar 144:0 77 74 74 - 2 TeckO)l 16238 $54 485 485 27 DvlexLA 3526 $6 6 64 4 Mass Ker 54249 $234 21 4 23U tl TeckC'ilB 16199 475 435 44" 15 East Mai 2121 194 186 186 - 1 MalgmiA 7354 $1'!4 12i 124 ' Teledvn.- 740 $5 5 5 East Sol A 4069 109 100 M) - 5 Mentor 6800 130 121 121 5 relC'an I154i' $224 2ui 224 Mv KalconC 26444 $54 54 54 - '4 Moore 35917 $344 (3i 34 1 1 T-XMiolll W34 4 8 8: Falcon 10507 $334 314 314 -14 NalPele 2'H 27 23 4 26 - 1 Thuln (2635 $11': I". IS-, . Fed lnd A 4450 S5 490 490 - 10 N Senator 28700 9 8 4 9 ' ' : Tomblil 9125 45 45 tj i Eraser A 24V4 $224 22 22 - 4 Newconx 500 375 3"0 375 '10 T'ir Dm BK 63246 ill' 174 1H4 GDlslrb.A 3060 $64 64 64 NorandaA 5tXW2 $28-2 274 274- -4 Ti;lal Pel '4456 ' 54 04 4 GlllMascl 22250 1 29 122 122 - 5 Norcen 97894 $10' 94 104 Tiaders. '1130 $14 I'S 14 . 4 Giant Yk 2221 8 7 4 7 4 4 NCOils 10325 $74 61 7 -s TpisMIV 11423 $9 V. Goldund M 9240 27 26 26 j N Canada Sw 23 18 2u 4 I'rCai.l'l SJ $14 (, 12 . Goldrav WW 58 54 56 1 Norlhgal 17'44 S5 4; 480 12 Urandlic 13745 98 95 95 Numa-: 12550 $94 94 9-i - Int'arbid ) $18-s 174 174 GLPaper 3140 $314 29 31-. 24 OSFInd 4765 110 'MMl 3(5 5 UlasA :f'3fl7 M-a -1 GlWLite 760 $494 484 494 1 OakwoodP 59083 125 106 120 t nwoOd 141 S9 1 14 '. Grevhnd 1142 $154 154 154 l, Obrien 125020 132 116 12o -10 CKi'iio tm Wi ! 4 GuarTrsl 6776 $54 5 54 - 4 OrchanA 11400 215 210 215 9 C Sisroe 25670 $54 54 54 Gulf Can 2:t857 $22' 214 224 4 OshawaA 6(.'320 330 315 315 - 15 I ppCan 11750 101 97 39 '( Hawker A 20195 445 430 435 5 Oasko 1-JUV 94 94 j .. 4 versatile 7950 $12 1!4 114 HollllgerA 3m $274 264 264 - 4 Paniour A 25737 331' 300 320 -15 Voyager P 18010 Sid ;4'i Hi -1 Home. 21014 $284 244 28 3 PanCanP 12205 $23 4 214 234 Bi WailweoO 450 3 i- HuskvOll 12699 $19t 174 19 l. PaluioW 633 $164 154 154 - 4 Weldwod 1650 12-4 12 12- LAC 28250 $15 134 14't - 4 Petnbin A U2Sv Jhu 315 35o Wst borne 4785 9 ISO 165O0 95 90 90 - 5 Petrolma 1037 $164 154 16 - 1 W Decaita Moo $1)4 8 H-4 1 Indusinill 150 $9 9 9 Petrol I4W 218 21o 218 5 Wesl Mine j795 460 15 430 3a Inglis 15 $114 114 111 PeytoOils 2138 3 430 385 425 35 Westnhse 1590 $204 19'i 19-'i Inland Gas 4200 $94 94 94 4 Pick Crow 16 12 10 10 ston 2(25 $114 10"i 114 . lilt Mogul 1125 1 270 262 268 2 Pule Point 1360 $274 274 274 4 Whit horse 1480 160 153 153 ' InvGrpA 14800 $6-4 64 64 - 4 Place G 23100 35 32 33 1 I Willi ov 79wi 1(4 l. !"2 Jani.ock 1167 $6'i 64 64 Placer 6825 $18 7 174 . I',, YkBedl 12650 28 7 271 287 '. 40 17" i 13 1 By I'olted Press International High Low (lose Hose Close Wk AgoYr Ago WHEAT Dec 2.664 2.604 2.634 2.594 3 36 Mar 2.75 2.68 4 2.72. 2.69 4 2 6. Jlv 2.81 2.75. 2.794 2.77 3.354 Sep 2.86 4 2.824q 2.854 2.83 3.614 Dec 2.95 2.91 2.944 2.91 4 .Nov 6.41 Jan 6.41 SOYBEAN Dec 21.85 C Nor West 46932 $74 6 74 15 14 36 8 124-144 114 7Ht 4 - 43 174 144 18 -15. .. 184 154 10 - 7, 84 74 3 144 34 2. 134 41. 304 84 20 10 3. 114 144- 7 7V-10 t 284 94 64 244 . 6 94 4 6.87 4 4.82i 6.864 6.614 4.91 6.77 4 6.70 4.95 6.48 6.40 5.00 6.264 6.24 5.04 6.31 5.13 21 52 21.38 16.98 21 64 21.51 16.75 21.92 21.77 16.88 22 03 21.84 17.05 22.08 21.86 17 20 21 85 21.70 17.23 21 40 21.30 17.25 20.90 20.80 17.25 20.75 20.73 17.23 800 $184 174 184 12374 5 350 291 315 2C950 470 440 470 6.31 OIL: 21 22 21 35 21.60 21.75 21.75 21.60 21.20 20.00 CORN: 56935 $16 154 154 7930 $!14 14 14'. 84 3. 24. 18 5'4 17'i 18. 0') "5'i 14 74 16'. 25 9i 9' 4'i 404 94 13. 174 204 12i 4' 7i 21i 194 84 9 44 144-94 t 4 i 3'. t 19'. 8'. 174 19 12'. 22'. ".34 - 14 8 t 17 25 9') 10'. . 44 41 114 13i 17. t 20'i 144 4'. 94 24 4 -194 84 9 44r I B KinCp.Sf, I nicapCp .04(1 I Hifi Imp .111 I'NHkl'Itt 1.20 I nPlantr .05e 1 nSpK'p l.loa I n'l'r Hue 1.42 I Id ArtThr .36 HHkNY 15o I'ldlatilfTele I Idl'aiHs .7M I Id CKIas 60 I KIKirl'asI Ho I nMoBo 1.20i! I Id Mrliill .20 1 IdSvil.f tog 1 Id'IVllllBf 30 I" S Sutjar 3a V S Surgical I S Tri-hln .1(0 I llltog Co .70 I MvrlsalFd 1 t lltvlnstiu 24 I nvlSeelns .13 I nvsl Vollni's I nvsH 1'alt'iit I pPrnl'w 1.72 I psXDimn 24 Ills i Itill 11 I T L ( oiitn 22.00 22.30 22.35 22 40 22.15 21.60 21.10 21.00 144 64 42 Jan Mar Mav Jly' Aug Sep Oct Dec Jan 193 134 145 44 94 30 4 29 8 4 495 20 319 10i '34 ' 15 4 '14 10 ' 4 . 4 '14 4 -20 20 ' 4 4 1 ' 4 ' 4 4 ' 4 1 ' 1 ' 10 4 14 - 4 30 . 3 9020 5000 75200 $64 44 S64 $54 Dec Mar May Jly Sep Dec 2.474 2 42 2.44 4 2W4 2.604 2.56 2.50 2.53 2.49 4 2 694 2.60 2.544 2 57 4 2.53 4 2.74 4 2.63 2.58 2.61 2.564 3.764 2.624 2.58 2.604 2.564 2.74 2.584 2.55 2.57 2.53 4 2.66 20.50 13674 19805 42 64 5. 64 244 26 $7 54 74 244 20.85 20.40 20.70 55 42 '1 121X1 ll1'! 33 13' i 17'. 383 21'. 13H 14'. CPakrsC CS Peie CTung Can Perm C Cables CdnCel " C Curlls C Ex Gas C Honiestd CHvdro C'iB'kCom C Mai art CdnTire Canbra Camk'IOil Capit Div Cassiar Celanese ChieftanD Chinio Coch Will 61804 $254 69800 30 581 $37 4 37 374 2900 350 280 $12 165 340 350 114 114 23 254 43 10 68 10 335 3i n74 114 10 15 229 74 47 8 414 10s s 744 28 4 137 94 179 6i 128 24. 24510 SOYBEAN MEAL Dec 2(4 00 197.00 201.00 195.70 128 90 Jan 204 50 198.50 201 10 197.70 130.40 Mar 2U6.50 201.00 202.50 199.80 127 80 May 214.00 1 99.00 200.90 198.00 131.10 Jly 202.50 196.00 198.80 195.00 134.50 Aug 201 00 194 50 196 80 192.50 135.50 Sep 198.00 190.U) 190.00 187.50 116.00 Oct 185.00 179 180.50 177 50 137.50 Dec 185.00 179 180 W 177 50 Jan 184 JO 181.00 181.00 OATS Dec 1.71. LSI 1.68 1 60 1 604 Mar 1.694 1.61 1 66 1.594 1.53 Mav 1.67 1.604 1.64 1.594 4.V4 Jly 1.63 1.56 1.574 1.53 4 1.45 4 Sep 1.56 1.554 1.54 4 1.45 4 Dec 1.624 1.544 1.544 SOYBEANS Jan 7.12 6.89 6 964 6 85. 4.654 Mar 7.15 4 6.93 4 7,o0 6.914 4.744 26 $54 17(9 25' 48 19'. 2695 54 54 17139 335 310 310 8530 $114 104 104 43 73 192 - 95 95 95 26 23 26 900 16600 Liile bci i rains when you i7o Bive cat The end ot 1476, that is Act NOW lor tax-sheltered savings. Open an Individual Retirement Account or Keogh Plan before the end of the year For complete information, visit anv ol our offices or return the coupon below, with no obligation. First Federal ASSOCIATION Oh LAKE WORTH I AKE MOUTH 2U0 Uk Avenue 0NION tACH l S Federal Hih.v LAM ANA IU0 lialim Rued PALM SfRIN(,S M 1018 Avenue. North PAtM BeAC H (jAHDtNS 2MJ0 PGA Boulcverd LAKt WOK1H KlIAO WW Pinehunl Unve TEL. WC.9U0 SLND: Keogh I.R.A. NAM! I A 1 1. If you're accustomed to privacy, independence, warm social relationships and beautiful surroundings, you II feel very much at home at ABBEY DELRAY Here is a total life community, thoughtfully planned to provide a life style of convenience and carefree living Our Studios, One and Two Bedroom Apt Homes and Two Bedroom Villas offer complete privacy and security while freeing you of routine household chores Preventive health care, specialized medical attention and a 24 hour call system allow you to pursue normal activities with complete peace of mind. And, there's plenty to enjoy nearby, shops, churches, golfing, boating and sparkling beaches II' III NO k ra Life begins when you begin to live at ABBEY DELRAY. Come visit our delightfully decorated display center to get all the facts, today. Call: 278-3249 Paine Webber invites you to attend a Forum. Estate Planning ami the Implications of the Pax Reform Ado) 1976 A local attorney and an Kstate Planning Specialist will discuss: Pertinent aspects ol' this new tax law and how it mav ellect yon Planning vonr estate under Florida Paw Wills, Trusts, and Property Ownership TilUC: Tuesday, December 14, 1976 l:00;iuil 7:1X1 I'M. Place: ruinfWciiiMi oiiiic l'la.i Cciilci Wt'sl. 2"l KoVcil rulinWciV r.iiiu liciK ii, i loi iiid ( lioose the meeting most convenient for you ami call Mrs. Sharon Stone at t)r)')-702:i or reseivations and information. A very special p(aee. for tKat very sfjeeiat time of your life... ii a, ' n WvW Tie! RQ.V A TOTAL LIFE COMMUNITY BOX 550-2000 LOWSON BOULEVARD, DELRAY BEACH, fla DIRECTIONS: from Federal Highway (U.S. 1) turn at Atlantic Ave and proceed West tor approx one & three tenths miles to Congress Ave then turn left and go one mile to Lowson Blvd Abbey Delray is on the S W corner of Congress Ave & Lowson Blvd R A NON-PROFIT II INTFR FAITH FOUNDATION Talk to us now. You could thank us later. -j li COMMUNITY PaineWfcbber

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