St. Louis Post-Dispatch from St. Louis, Missouri • Page 35

Business News April 14, 1972 (J ST. LOUIS POST-DISPATCH USSR Leads In Building 'Fast Breeder' Reactors vr! i jd SMSSS Russia is building two large fast breeder reactors, which the United States will not have until 1980, an Atomic Energy Commission spokesman said here yesterday. In a speech to the Engineers' Club of St. Louis, Max E. Jackson, senior site representative for the AEC, said the major countries of the world have giv-e i the liquid metal fast breeder reactor the highest priority.

The Soviet Union is well along in construction of the world's two largest fast breeder reactors, one with 350 megawatts and the other with 600 megawatts electric capacity. (The latter is equal in capacity to one generator at Union Electee's plant in Labadie, Mo.) The United Kingdom and France are scheduled to begin operation of 250-megawatt plants in 1972 and 1973, respectively, Jackson reported to the engineers. West Germany and France recently announced plans to construct two large commercial 1000-megawatt fast breeder re-actors. Japan also has announced plans for a commercial size demonstrator. President Richard M.

Nixon last year proposed increased funds to finance the development of the fast breeder reac- AW Max E. Jackson demonstration plants and first-of-a-kind engineering," Jackson said. A fast breeder reactor produces more fuel than it consumes. As a result, it is considered the answer to the increasing demand for energy in the face of declining reserves of oil and gas. In addition, fast breeders have fewer drawbacks as polluters than the conventional fossil fuel plants now in use.

The fast breeder plants are more efficient than the present nuclear power plants being built around the country. Jackson said utilization of uranium by breeders is 30 times that of the present generation of commercial light water reactors. But the commercial supply of electricity from fast breeder reactors will not become a reality until the 1980s, Jackson indicated. "During the early to mid-1980s it is expected that significant commitments will be made for the construction of large commercial-size liquid metal fast breeder reactor plants, permitting this concept to be introduced into the power economy in a significant way in the late 1980 time period and establishing a viable reactor breeder industry to meet the future long-term energy needs of this nation," he stated. By 1980, about 25 per cent of the electric generating capacity is expected to be nuclear, he said.

Nuclear plants will be providing an estimated 50 per cent of the total electricity at the end of this century, he added. First Union Finance Industry Construction Gain Expected The value of construction contracting in 1972 is expected to total 85 billion dollars, 7 per cent above last year's 79.6 billions, the F. W. Dodge division of McGraw-Hill reported. The company said its new estimate of construction contract value for the year is about $2,000,000 higher than the company's initial forecast released last October.

According to the Dodge division, this year's economic conditions should encourage a fairly strong rise in nonresidential construction contracting, which was a soft spot last year. The company reported also that residential construction is slightly better than earlier expectations. The Northeast and Midwest are expected to show gains above the 7 per cent national average forecast for this year, Dodge said. Retail Sales Down For Week pow Jones News Service WASHINGTON, April 14 Sales by retail stores totaled 7.82 billion dollars last week, down 10 per cent from the previous week and 3 per cent below the same week a year ago, the Department of Commerce reported. Durable good sales totaled 2.54 billions, up 4 per cent from a year ago, while nondurable good sales at 5.27 billions were down 6 per cent from a year ago.

Sales in the lumber, building, hardware and farm equipment group were up 13 per cent from a year ago, but apparel sales were down 26 per cent. The figures aren't adjusted for seasonal variation and partially reflect the usual decline in sales from the week before Easter. Cable TV Applications Soar WASHINGTON, April 14 (AP) Applicants have flooded the Federal Communications Commission with requests for approval of community cable-television systems. Cable applications were frozen by the FCC until March 30, but since that time, the commission has received 121 applications all from operators who already have been approved by local governments. Anyone who wishes to comment on a given application has 30 days before the FCC acts.

Cable television brings television signals into a home via coaxial cable, which carries broadcasts usually received by a central antenna. Often called community-antenna television (CATV), the systems originally were developed to provide relatively good sound and pictures in areas that otherwise would not get good reception. The new rules governing cable television, however, expand its use to include free-access channels, official community channels, two-way communications channels and channels available for leasing. Local Business Notes THE SEVEN-UP CO. appointed Arnold F.

Larson vice president of the Seven-Up Research Corp. He will continue as secretary-treasurer of the research group and of Dev-Vend another subsidiary. I tor in this country. The goal is to have a demonstrator of 300 megawatts capacity in operation by 1980. "In demonstrating a 300-500 megawatt commercial breeder by the end of this decade, the projected government cost will range between 2 and 3 billion dollars, in addition to increasing commitments by the (electrical generating) industry for research and development, ADVISING THE ASPIRANT: St.

Louis County Prose-cuting Attorney Gene McNary (right), who is expected to announce his candidacy for the Republican gubernatorial nomination, chatting with a friend last night at a tribute dinner for McNary. (Post-Dispatch Photo McNary Almost Gels Into Governor Race Production Declines iuto for the same week last year. To date this year, automakers have assembled 2,644,548 cars against 2,720,422 during the same span last year. Truck production for the week was set at 54,137 against 53,590 last week and 40,307 in the same week of 1971. To date, truck makers have produced 749,138 units this year compared to 608,709 in comparable 1971.

DETROIT, April 14 (AP) Domestic automobile producton declined by some 5000 units this week from the 196,172 of last week. The decline was partly attributable to the strike at General Motors' Norwood, plant, and partly to reduced GM Saturday overtime, according to the trade newspaper Automotive News. Production this week was set at 191,160, compared to 150,421 stood for law and order," Wolfe said of McNary. He said that as prosecuting attorney, McNary has made a "momentous contribution" to society, running a "tough and aggressive" office that has served as a nationwide model. Wolfe said that McNary was an attractive candidate when he ran successfully for prosecuting attorney in 1966.

Wolfe said that he and others who supported McNary were gratified by the results. John D. Marschalk. district ELECTED: Howard M. Love has been elected a director of Mercantile Trust Co.

He is president of Granite City Steel Co. and Midwest Steel, both owned by National Steel and lives in Portage, Ind. Steel Executive' Calls For Neiv U. S. Policies CHICAGO, April 14(AP)-A leading steel executive said today the nation's steel industry is being weakened by national policies and restraints.

Stewart S. Cort, chairman of Bethlehem Steel said that unless the industry is allowed to operate unfettered, a predicted global steel shortage could impair seriously the nation's economy. "Give us tax 1 i i that effectively encourage invest-ments," Cort said in a speech for the Executives' Club of Chicago. "Give us antitrust policies that allow us to operate more efficiently trade policies that allow us to compete on something approaching equal terms rational and realistic pollution abatement standards, and tax policies that can help us meet them." Cort said the U.S. steel industry was being hurt by foreign markets, where operating expenses are not as high and restrictions are more flexible.

Terminal Has Big Gain Illinois Terminal Railroad which serves the St. Louis and central Illinois areas, last year had its best year since 1948, earning $1,121,348, compared with $73,059 in 1970, E. B. Wilson, president, reported. It was the fifth highest profit in the 75 years the line has operated.

The improvement resulted from cost controls and better utilization of freight cars, Wilson said. Earnings last year amounted to 9.1 per cent of operating revenues of $12,354,654. Revenues last year increased 6.6 per cent. Wilson said profits this year are expected to improve, if the economy continues to expand. The line is owned by 10 railroads serving the St.

Louis area. Mutual Fund Quotations NEW YORK, April 14 (AP) The National Association of Securities Dealers. has furnished the following quotations and states they do not necessarily reflect actual transactions or firm bids or offers but should indicate approximate prices and unless otherwise indicated are as quoted by the sponsors or issuers. Based on April 13 closing prices I 5 i vl i W'llJ Bid Asked Desc'pt Bid Asked Desc'pt. Bid Asked Bid Asked Desc'pt, Incom 6.67 7.211 22.73 24.91 Ultra 11.77 12.90 671 6.83 2.35 N.L.

Funds: 11.97 Selected Funds: 12.25 13.3!) 14.75 16. 12l Spec! Slock Ebrstdt Cus SI Cus S2 Cus S3 Cus S4 Polar By ASA E. BRYAN Of the Post-Dispatch Staff About 500 friends of McNary got together last night for what was billed as a $100-a-plate nonpolitical tribute dinner for the energetic St. Louis County prosecuting attorney. Many expected to hear his formal announcement of plans to run for the Republican nomination for governor.

However, (McNanry elected to keep the long-rumored declaration under wraps until Monday. "Some of you people here tonight are expecting I will announce for governor," McNary said, adding almost apologetically, "but I can't announce tonight. You'll have to wait until Monday." The dinner, if not was clearly nonpartisan. Many Democrats attended. Among them was the main speaker, John J.

Wolfe, a retired judge of the Missouri Court of Appeals at St. Louis and a member of the citizens' committee promoting the candidacy of Edward L. Dowd for the Democratic nomination for governor. "It is a great pleasure to pay tribute to someone who has 7.70 8.45! 15.53 36.971 Sel Am 10.71 11.71 Sel Opp 18.01 19.69 Sel Spl 18.45 20.17 manager of the Automated Bus AGEFnd Sytsems of Litton Industries, Admiralty was master of ceremonies. Mar- Grwth schalk conceded that McNary's race for Governor would be an rtisrs Aetna 10.35 11.34 7.00 7.67i 6.05 6.61 7.77 8.52 4.77 5 WlrcniE Spl 30.97 N.L.

11.82 12.951 EFC Managemnt Knickb Sent Gth 10.47 11.38 5.25 5 74 Eq Gth 10.46 11.46 Knick Gt 12.00 13.14Sentry 17.41 18.98 11.87 12.97 4.94 5.41 7.97 8.71 Shareholders Gp Eq Pro Fd Am 16.18 N.L. uphill battle but, it successful, Aiuture 9.57 10.4M Lenox Fd Lex Grth Lex Rsh 12.51 13.67 17.59 19.22 AllAm Fd 1.00 l.OfflKtfret Gt 14.86 16.15 A. F. Larson D. S.

Weigley unavail C. Conway EUun Tr 21.69 iLibrty Fd 7.11 7.771 Aiislati Alpha one of great benefit for Mis-sourians. XfcT 1 i.UA Cmstk 4.76 5.20 Entrp 7.87 8 60 Flet Fd 6.63 7.25 Harbr 9.15 10 .10 Legal 6.76 7.39 Pace 12.98 14.19 15.47 16.91 Hmer Sec 7.45 8.14JLU, Stk 7.31 7. 7.17 7.84 Am cap 13.37 N.L. Energy 9.31 10.18 9.67 10.52) iLit'e Inv Ling Line Ntl 4.a5 jvimary iota uie tiowu nidi Am Diver 12.04 13.16 hp c-nnrerned about the Am Eqity 6.29 6.89, lEquity FD Cap Fairfld 5.35 NX Shearson Funds: 13.21 14.44 Amer Express: 12.65 13.83 ILoomis Sayles: continued loss of personal free Capit Farm Bu 10.78 N.L.

Appre 31.50 34.54 Incom 19.16 20.94 Invest 12.57 13.74 10.39 U.36 9.60 10.49 Canad 31.31 NX Capit 14.15 NX. Fidelity Group Income Declines First Union, St. Louis-based bank holding company, reported that first quarter net income dropped 11.4 per cent below the record earned in the quarter a year ago. Consolidated net income for the quarter was $3,923,000, or $1.56 a common share, compared with $4,370,000, or $1.76, a year earlier. Income before net gains on investment securities was $2,996,000, or $1.19 compared with $4,024,000, or $1.62, a year earlier, a decline of 26.5 per cent.

It was noted that for the first quarter in 1971 total earnings and shares outstanding were restated to 1 acquisitions completed since March 31, 1971, and accounted for as poolings of interests. There were 2,514,000 common shares outstanding at the end of the quarter this year, compared with 2,486,000 a year earlier. First Union reported that net after-tax gains on investment securities in the quarter this year were $927,000, compared with $346,000 a year ago. Consolidated total loans for the period ended March 31 were $578,376,000, compared with $575,922,000 a year earlier. In-vestment securities for the quarter were $278,723,000, compared with $284,102,000 in the quarter in 1971.

Trading securi. ties in the quarter just ended were $29,847,000, compared with $81,572,000 in the 1971 quarter. First Union's total assets de 9.76 10.67 9.12 9.971 30 95 11.97 Sherm 19.57 N.L. Side Fd 11.60 12.71 ilii if' n.lLord Abbett: Sigma Funds: Incme Invest Sped Stock Am Grth Am Invs Am M'UtI AmN Gth 9.40 10.271 7 07 7.7a Affiltd dom to a government "which is telling us exactly how our activities should be channeled. I say htat's frightening." As prosecutor, he said that 7.45 8.06 3.49 3.78 9.66 8.52 6.35 N.L.

A Bus Bnd Db 11.91 Bond Capit Contfd Conv Dstny Essex Evrst Fidel Puritn Salem Trend 17.17 W.771 9.65 10.5a 4.02 4.39 Xuth Bro Capit 114112.47 Invest 12.67 13. 85 Trust 9.68 10.56 Vent 13.66 14.93 SB Eqty 13.63 N.L. 13.87 15. 1W Magna In Group 11.85 12.95 9.40 10.27 13.44 14.73 6.09 6 66 RAWL1NGS SPORTING GOODS CO. named David S.

Weigley controller. He was corporate audit manager for A-T-0 Cleveland, Rawlings' parent firm. Weigley succeeds Donald Blankers, who resigned. MARK TWAIN STATE BANK, Bridgeton, elected Craig Conway assistant cashier. He recently joined the bank.

BOYD'S, 600 Olive Street, appointed Arnold Steinlage a buyer in the Huddle Club department. He was assistant men's furnishings buyer and succeeds Jon Trudell, who was named men's sportswear buyer. SIDNEY L. SNEIDFR announced his resignation as vice president and general manager, fabric division, of Jackman's Inc. DODGE DEALERS in the St.

Louis region sold a record 1813 cars and 577 trucks in March. INDEPENDENT GARAGE OWNERS of Greater St. Louis elected Walter Schmidt president. He is associated with Walter's Auto Body. difficulties he had had some 9.70 10.63 MagnaC Manhtn 17.79 19.44 10.95 11.97 6 20 6.78 SB 13.36 NX.

Grwth 13.31 14.5! Incme 8.50 9.321 SoGen lnt 14.84 15.54 Mkt Gth 5.81 NX 29.04 31.74 wiiri trie press anu a lew SKirm-ishes with police and judges, but that his over-all concern Massachusett Co: 9.94 10. Prog: Sw Invs 9.63 10.41 Swln Gt 9.58 10.35 Sover Inv 13.41 14.68 rd Inv Vent Wash 4.88 5.35 Freed 8.99 9.85 Indep 8.52 9.341 54.33 59 54 15.46 16.94 5.61 6.73 4.38 4.8CK Financial Dyna Indust lncom Vent was for "we the people." Spectra 9 86 10.81 Mass 12.32 13.50 Astion 6.27 6.86 State BondGr: Mass Financl Auriax Fd 13.03 14.24 5.15 5.641 Com 6.04 6.60 MIT Axe Houghton FstFd Va 13.06 14.27 Fst Investors Div Fd Prog 13.44 14.69 15.16 16.57 15.28 16.70 16.03 17.52 Fnd A 6.02 6.54 Fnd 8.25 8 97 MIG MID MFD Disco 9.73 10.661 Slock 661 7.2a Grwth 12.31 13.4M Scien 5 38 5. Stock 10.43 11.43 Mates IStFrm Gt Fnn In State St Steadman 4.29 NX. 17.24 N.L. BLC rth 12.69 13.871 Fst Mult 11.41 N.L, General Dynamics Gets Fighter Plane Contract Babson 10.87 N.L.

Fst Nat 7.70 8.42 Mathers Mid AM MIF Fd MIF Gth 607 6.62 7.53 8.23 4.91 NX. 10.26 N.L. 53.09 53.33 Funds: 5.08 N.L. 1.31 N.L. 7.

95 N.L. Fds: 23.97 N.L. 11.76 N.L. 17.28 NX. Bayrk Fd 9.31 10.1 Fst Sierr 6.78 7.43 6.70 7.32 8.83 9.55 6.38 6.90 Am Ind Asso Fiduc iFnd Gth 5.32 5.82 Ba.vrk Gr 6.58 7.19 Founders Group OmaG 6.88 7.4M Sayrc Fisher A ler Stein Roe Beacn Hil 13.45 NX, Beacn In 16.29 N.L, Bers Ken 13.07 NX.

Omahl 11.21 12.18 Agrees Grwth 20.39 22.28 Incom 13.58 14.84 Balan Cap Mut Shrs 18.26 NX. Mut Trst 2.02 NX. Mutal 9.76 1067 C7 Stock Specl 15.01 16.40 Ling Temco Vought, of Dallas. The planes are to be small, hiEA Mut 11.37 11.601 Berk Gth 6.78 7.41 Bondstk 7.00 7.65 Bost Fdn 11.75 12.85 Bnvn Fd 4.61 5.03 Supervisd Inv: Foursq 10.43 11.40Kjat Ind 12.94 N.L. Secur Ser: Franklin.

Group: Nat To New Management s- Treas Bullock Calvin: DNTC 11.85 J2.9ffl Balan 11.23 12.31 Grwth 8.37 9.17 Incom 9.K 10.79 Sumit 14.07 15.42 Tech 8.40 9.21 low-cost craft principally for ry Bullck 16 49 18.06 21.23 23.33 5.17 5.65 4.48 4.90 use in the daytime under rela 3 Grwth 8.22 9.01 Utils 5.49 6.02 Incom 2.24 2.45 US Gov 10.13 11.10 Candn Divid NatW NY Vnt Sync Gth 11.00 12.12 TMR App 16.04 17.53 Bond Divid Grwth Pf Stk Incom Stock 3.99 4.38 10.91 11.95 13.97 15.30 10.93 11.95 7.65 8.36 tively good weather conditions. The General Dynamics FdF Dep 12.29 N.L. Teacher 12.15 12.40 14.62 N.L. Fund Inc Grp 5.66 6.19 8.3S 9.13 11.12 12 09 7.71 8.4; Comm 11.65 12.73 Technicl 1.76 1.92 Temp Gt 7.28 7.90 Towr Cap 7.34 8.02 Nel Grth 10 32 11.2t Impac 12.87 13.91 8.52 9.34 Nel Side 18.59 20.21! 15.62 17.07 spoKesman saia nis urm bus Mgt model would have a single turbo-fan engine and would capit Gth weigh about 17,500 pounds, with cap'in Neuw Cet 8.66 9.46 Ind Trd Pilot Trns Cap 9 42 10.24 Trav Eq 12.49 13.69 9.38 10.21 12.86 13.5MII WASHINGTON, April 14 (AP) The cash position of the U.S. Treasury April 11, 1972: Balance, deposits fiscal year July 1, withdratwals fiscal year, total debt, gold assets, Includes $623,555,3.

debt not subject to statutory limit. 13.62 14.89, 14.72 16.09 Gatewy can Stock Exhange March 17 but resumed April 7. However, the listing may be terminated by theAMEX. Earlier, Sayre Fisher was negotiating an agreement whereby the company would be acquired by WAM Builders, Columbus, but the agreement 4.01 4.39 7.18 7.87 16.50 18.03 15.45 16.89 Neuw Fd 'e wWld Newton Tudr Hed 15.83 NX. TwnC Gt 4.87 5.34 Si 22.54 24.64 36.22 9.60 NX Gen Sec ITwnC Inc 4.76 5.22 Nich Strg 25.93 N.L.

Funds: Twnty Fv 8. 60 9.40 Noreast 15.78 NX. 12.60 13.71! 7.89 7.97 9.3010.17 USAA. Gt 13,95 N.L. clined also.

For the quarter just ended, total assets were $1,233,363,000, compared with $1,244,477,000 at the end of the period last year. Calhoun explained that the earnings decline was caused partly by the fact that "interest rates reached the lowest levels experienced in a a Moreover, profits on bond trad ibraltr roup Sec Apex Balan Oceaner 8.88 N.L. 1.83 2.00 US GnvSe 10.48 10.64 Omega 8.62 8.74 7.42 8.1 8.75 9.57 Unit Mut 11.86 12.96 100 Fund 15.25 16.6 7 80 8.5a Com St Unifund 13.00 14.21 101 Fund 9.58 10.47 was terminated. 2.52 2.75 GrthFd A 12.77 13-Wi 7.80 8.5; 24.80 NX. 26.98 N.L.

Union Svc Grp: Bos: Grth Ind One WmS 18.37 NX ONeill 15.45 NX. American General Corp. had about in earnings in its 12.88 14.0? 10.04 10.97 iGuard Hamilton: Oppenheimer Fd: Broad 15 61 17.06 Nat Inv 10.03 10.97 Cap 15.03 16.43 Whteh 15.16 16.57 a 30-foot Wingspan. Centry Sh -i-i i i t. in Chanmng The plane is to be 47 feet Baian long and 12 feet high.

It will be hst equipped with two infrared mis- inem siles and an M-61 Gatling-type Chsa'clGr gun carrying 500 rounds of am- Fund 6 1 Frt Cap munition. shrhld Northrup will make two ChJ, models of a slightly larger, two- Colonial: engine craft also. After both nvrt firms have developed their Fund models, the Air Force is to con- duct a 12-month evaluation of vent Oppen 9.95 10.87, 4.84 5.2M fiscal year ended Feb. 28, 1972. AIM 14.48 15.

B3 9.83 10.74 12.68 13.86 10.54 11.52 Fd HFI Grwth Incom By ROBERT ADAMS A Staff Correspondent of the Post-Dispatch WASHINGTON, April 14 -General Dynamics Corp. of Clayton has been given a contract by the Air Force to develop two prototypes of a new light-weight fighter plane, it was announced today. The planes are to be built at the company's plant in Fort Worth, Tex. A General Dynamics spokesman said the first flight was scheduled for early 1974. A similar contract for was given to the North-rup Corp.

of Hawthorne, Calif. Air Force officials said thfe double contract was the first example of a new plan to maintain competition between companies even after a prototype development contract had been given out. Other firms involved in the bidding were the Boeing Co. of Seattle; Lockhead Aircraft Corp. of Burbank, and Chess Match May Be Held In October 9.18 10.03 6.52 7.13 United Funds: Time 11.63 12.71 and a reported net worth of ing securities were not as great.

12.01 13.06 flccm o.du w.j ii.t Bond 8.15 8.93 this year as last, he said about $1,400,000. The company 9.25 10. 12.15 16.71 N.L. 12 99 N.L. 9.05 9.89 10.92 NX.

Fd Lev Hedb Gor Hedge OTC Sec Pa ram Paul Rat Penn Sq Pa Mut 9.25 10.11 5.00 5.46 Earnings from trust opera has about $10,000,000 in real es Real Estate Brokers Pre-License Examination Course Starts May 11 For information Call Real Estate Board of Metropolitan St. Louis 241-8834 con ur 15.U6 lh. mi Con Inc 12 .12 13.28 11.77 12. 8 8.12 NX 5.18 N.L tate projects now under con 7.60 8.31 9 a 94 Heritge Incom 15.05 16.49 Scien 8.99 9.85 VanB 11.54 12.65 10.06 10.99 16.93 18 5 19.15 19.95 Phua Hor Man struction and mortgage commit 6.53 7.14 11.89 12.99 hngrim 1SI Group: ments for an additional Fd Can 9.26 10.12 12.32 N.L. 4.84 5.23 Grwth Pine St Pion Ent 18.35 NX Colu Grth Value Line Fd: 9.62 10.51 $10,000,000 construction in each plane.

The Air Force 4.10 4.48 12.72 13.90 Pion Fnd 12.85 14.04 said that no ohnbn Incom Trus sh Trus un 16.47 ISM 1.46 1.59 fuilfh AR 1972. Val Li 7.70 8.44 Incom 5.34 5.85 Spl Sit 6.38 6.99 tions, however, showed improvement over the 1971 quarter, he noted. Treasury Bonds NEW YORK, April 14 'AP) Thursdav's closine over-the-counter United States Government Treasury IioikIs, bid, asked, net change ana yield 3.43 13.42 14.67 15.04 16.44 Plan Inv Pligrth 1.76 1.90 11.52 12.55J Imp Cap Albert N. Bnllard, president 8 69 9.5W Vance Sanders: Price Funds 9.73 10.63 mp Gth commitment had been made on cwiih how many planes would event- gmJ ually be built beyond the pro- Comp cp Cnmn 7.56 8.28 of American General, has been IncF Am 7.84 8.59 Bostn 8.59 9 39 Bos Cm 9.93 10.85 Specl 12.05 13.17 Grwth 33.15 NX. Era 11.51 NX.

Horiz 44 53 NX, 14.59 15.93J 7.47 8.1M 5.90 6.471 IncF Bos TN.HWS Financially troubled Sayre Fisher Maryland Heights, has agreed in principle to turn over its management and direction to the American General a Diego-based real estate holding and development company, in exchange for American General financing. Although the agreement technically says Sayre Fisher has acquired American General, the terms of the acquisition call for Sayre to issue 4,000,000 shares of its stock to American General. American General has advanced $50,000 to Sayre in the form of a demand loan and has further agreed "to provide wha-t additional financing it (American General) deems necessary and prudent for Sayre and Fisher." The acquisition is subject to reaching definitive agreements and the approval of the Sayre stockholders and the American Stock Exchange. It is not known when this approval may be given. The agreement provides also that American General will contribute sufficient assets and income so that the combined companies can qualify for continued listing of the American Stock Exchange.

Sayre Fisher expects to re-p a loss of more than $4,000,000 for 1971. The company -has a conditional agreement to sell $750,000 of convertible debentures for to an ox er-seas bank. Trading of Sayre Fisher stock was halted on the Ameri- 9.32 10. ia Industry elected president and chairman of Sayrc1 Fisher, replacing 10.15 11.03 Comp Fd luiypea. Pro Fund 12 74 NX.

11.42 12.34 Ni UN Vandrbt 8.18 8.94 Vangd 5.08 ItiSORT ft COLF CLUI 12.39 NX ICA 15.22 16.62 Pro Port! 7 20 N.L. Plan nv Guid 11.27 NX Provid 5.36 5,86 Vantg TN 9.03 Description 1 12.37 12.75 7.13 7.79 Harvey .1. Klaris, who will remain a director and consultant. Inv Indie 8.72 var in a. 14 Prov Gth unavail Pru SIP 11.66 12.74! 9.00 NX, Jun Inves Bos 12.81 14.no Viking 7.89 8.58 f8 Wall St.

9.57 10.46 The board of directors of Aug Investors Group: Putnam Funds: 11.97 12.09 16. S6 18.22 Sep Concord Cons Inv Constel Cont Mut Cont Gth Corp Ldr Ctry Cap Cm WDiv Cm WDal Davee Fd dt Veth Wash IDS ndl 7.56 8 22 13.38 14.62 15.52 N.L. Dec 17.09 18.4S Equit 11.46 12.52 Georg 16.45 17.98 your sales Siren Sets Off A Wail From Sleepyheads Mutl 2'-2S 4s Weing Eq Aug Sayre Fisher was expanded lo 10 members with American General nominees taking six 6.35 6.94 8.20 8.96 iWellingtn Group: Prog 12.97 14.17, 4'-kS Nov 10.71 11.64 6.36 6.92 22.05 23.97 9.55 10.27' 26.78 28.2' Stock Explr Feb 8.61 9.41 10.38 11.31 IS. 78 NX. 76.53 N.L.

Select Grwth Incom Invest Vista Vo.vag May scats. Var Py 12 36 13.51 Delaware 9.39 10.21 7.19 7.86 Inv Resh Sayr? Fisher's financial dif meetings now Cull or write for information on our special oackaof plan ratf. St. Louii awikpnpd resi- r)t'cal 12.48 13.64 awaKenen tcm Ivest Mors Techv Trust Weilsl Wellm Windr stel 23 68 24.41 11.49 12.561 12.75 13.93; 16 47 18.05 Bid Asked Ch'ge Yield 19K7-72 99.29 100.1 .1 2,27 1972 99.30 100.2 .1 3.78 1967-72 99.6 99.10 4.20 1967-72 98.18 98.22 4.53 197.) 98.10 98.18 .1 5.13 1973 97.29 98.5 .1 5.36 1974 97.15 97.23 5.45 1974 97.7 97 15 .1 5 .56 1974 95.20 95.28 5.62 19K0 85.26 86.10 6 25 19B0 (13.4 83 20 5.97 1S81 104.24 1115.8 6.25 1W2 99.22 99.30 6.18 1978-83 76.4 77.4 6 11 19X5 75.30 76.30 5.78 1975-85 81.14 82.14 6.24 1986 98.0 98.8 6..11 1990 75.16 76.16 5 60 1P87-92 76.20 77 20 6.20 19X8-93 76.24 77.24 5.86 1989-94 76.2 77.2 6.01 1995 75.20 76.20 4.68 1998 75.26 77.26 5.10 A siren wail dents about 5 Nov Feb Nov Aug Feb Jun ficulties date back to an un Revere Kin fret Sagitars a.m. today in Delia 9.oa 9.92 9.39 NX, 18.95 N.L.

3.99 N.L, anus i nl: Dir Cap K.25 9.04 successful brick manufacturing 13.24 14.47 13.12 14.34 9.75 lsS 14.54 15.89 12.53 13.69 7s 12.33 13.48 9.78 10.69 3i4S 6 69 7.33 3i.4 7.80 8.52 4V4S 5.13 5.61 6' xs 7.01 7 66 3.56 N.L. 4V4s 11.83 12.93 4s Hanck 19,00 20.79 9.28 10.09 University City, vveiidiiu, vjuv-Il0( Cox NXi Schustr Scudder mu-rrcp NumDers; WY 1-1866 or WY 1-2253 Osage Beach. Mo. 65065 (314) 343-2281. HONEYMOON CENTER OF THE MIDWEST business that was terminated in West Ind Funds lo hnstn May Coeur.

The lo- in-xei 15.25 nx 28.29 NX Funds: ette and Creve Wincp Fd lnt Inv 16.29 16.54 May Keystone 1970. Winfield Apollo cal and at. Louis county ponce r)rev( 13.7915.11 15.84 17.36 19.12 20.00 Wise Fd Specl 40.08 NX. Balan 17.24 NX. Com St 11.96 N.L.

Cus Bl Ini.nrlQtuI Levse 18.81 20.61 Nov Feb Aug Feb Worth Cus 2 20.43 22.3H Cus B4 9.15 10.02 Cus Kl 8.57 9 39 Security Funds: with questioning ana complain- Zieglef N.L.- PRIVATE OFFICES FOR RENT load No May Equty 4.6? 5.10: 10.33 U.2M Balan tea 3s ing telephone calls as a result. charge) Invest K.40 8.21 (sales Cus K2 7.58 8.31 17.62 19.66 Grwth 31A Nov A spokesman for Southwest- spokesman lclnl Prices Today Prev. Day-Tin i.si-14 na Copper .52:,4 Steel Scrap, Over-The-Connler Market which ern Bell Telephone Co. Bid and asked prices quoted in dollars and thirty seconds. Subject to Federal taxes but not to State income taxes.

Treasury Notes nun Competent FRIDAY, APRIL 14 following quotations from tne National Association of Securities are renresentatlve inter-dealer prices as of approximately 10 The Dpalers, maintains and operates the civil defense sirens, said a siren at 8301 Elmore Avenue in western University City had been set off. a.m. Inter-nealer marKets ctiange tnroufcnoul me aay. rrices ao noi inciuue retail markup, markilown or commission Pitts. Silver 1.549 1.576 Asked Description Bid Asked Staff Asked Description Bid Description NEW YORK.

April 14 (API Thursday's closing United States Treasury notes, bid and asked prices in dollars and thirty-seconds anu It was not determined what .1 2 3' 4V4 3 4f)Vt AllynBacon AmKxnress 4 Vi had set off the siren, the spokes- 24 1 13 3 4 approximate yield to maturity 9 S5S 4 7s 45S 22 man said. By the time a re- Amsnacks pair crew got to it after 6 a.m., Arkwestr'ks To Assist You When Needed In Cliu-n across front County Government Center, we offer a 12-office ll 1 114 1 4 3 Vs 451.2 471 475 4.1,4, 89 Vi 89 6-4S 165 170 A.ssoeCoca-C 1 Bache BELGRADE, April 14 (UPI) The world chess title match between Russian champion Boris Sapssky and United States challenger Robert Fischer may take place in Belgrade in October instead of June, Yugoslav organizers said today. The International Chess Federation announced yesterday that the first part of the match, in Belgrade June 22 through July 18, had been canceled because the U.S. Chess Federation did not deposit a financial guarantee to ensure Fischer's appearance. The Russian chess federation has replied positively to a request for a financial guarantee for Spassky.

The second part of the Spas-sky-Fischer match had been scheduled to be played in Reykjavik, Iceland, starting Aug. 6. Whether this now would become the first part of the match was not indicated. Eiffel Tower Death PARIS, April 14 (UPI) A young man jumped to his death from the Eiffel Tower last night carrying a note in his pocket asking for an end to the Vietnam War, police said today. He was not identified.

2 it was silent. No malfunction had occurred gyA0108 tV 24 Vk 2514 47J 6V2S in telephone lines controlling f. MoundCTr MyleelMeltal NatAvial'nd NatOld Lines NicholFtle OceanDrill PabstBrew Parkv-Gem Perm'rUnlt Petrol I te PlzzaHut Pottlndus Progressive ReliahleLlfe Rentex StLstlCast Sav-A-Stop Scrtpps-HBrd 7UpCo 7UpStL Slboney Sllvev SniihtfieWFd suite with 200 private offict, furniihad or unfurnished. Secretdridl lrvic, racaptioniit. Telephone operator to take your 3 Vi 4 39 40 8'ss 4 5V4 7s 4 Vi 4 V4 71-4S 16V4 IT 5W, 23 Vi 24 tZ 15012 62 6fi 11-1 57 14 157s 7 7s 4254 3714 33S4 31 5 4- JO's 19 ,4 30 Vi 39 34 14 "''8 2 4 OH 3 12 65 8 Flrst.Surety FlrstUnlon Forum Rest do wts FranklinL FrontTwMIns Henry'sDrive Honeggers HooverCo Howelllnst Imperiallndus IndusServ Infotronics Intertherm Kaivar KearnevNat Kellwod Kv-CcnUfe K-VPharm LacGaspf LacSteel LJbLoan5V2Pf do5pf IJqiliclTrans Mallinckrodt ManchesFSv ManohesIAC MarkTwBanc MarthaManng MarthaWhite MercBancorp Meyer-Blanke MissR Trans MissValStl its 62 '4 1 fifi 11 56 15Mj 7 42 23 25 32 31 4 4'4 10 27t 1ST, 29 38 VS -Wi 10 14 4 6 2 34 60 7 vs 11 1 4S-4 29 4 7 5s ription Bid Asked Yield May1972 100 8 100.12 0 33 May 1972 100.12 1C0.16 0.84 Aug 1972 100.7 100.11 3.94 Nov 1972 100.35 100.29 4.42 Feb 1973 99.29 100.1 4.84 Feb 1973 101.7 101.11 4.83 May 1973 102.20 102.28 5.00 All 1973 10316 103.24 519, Feb 1974 103.19 103.27 5.531 May 1974 102.29 103.5 5.631 Aug 1974 99.20 99.28 5 68 Nov 1974 99.23 99.31 5.76 Feb 1975 99.13 99.21 6.89 Feb 1975 99.22 99.30 5.9(1 May 1975 99.20 99.22 5-98 May 1975 99.31 5.92 Aug 1975 99.14 99.22 5.98 Nov 1975 102 30 103.6 6.00 Feb 1976 100.18 100.26 6.01 May 1976 9S 20 98.24 6.10 May 1976 101.8 101.16 6.08 Aug 1976 104.24 105.0 6.17 Nov 1976 100.1 100.9 6.17 Feb 1977 107.4 107.20 6.16 Aug 1977 106.21 107.5 6.16 Feb 1978 99.15 99.31 6.25 Nov 1978 98.13 98.17 6 27 the siren.

He said lightning Be.MacTrana h. rp BoatmBanc ave set the siren off. BmshBervi BiltlerNatl CapitalTech Carboline Cosmos 486 In Orbit Vermont ChanceAB MOSCOW, April 14 (AP) The Soviet Union launched an- 1" other satellite in its Cosmos riihtonoii CommBane JJ1141 1 nun uw.tlii i.nii 1 hi iiw wi" nip uii.o.ypj wis 1 ti mi 1 urn mi irimmrrriii miff -f in 7SV4 73 7 15 15 TA 75s 1 1 14 9 lOi.j 124 1314 9H 3514 3S 84 9 27 274 16 I8V2 55 59 15 1M 15 I6V2 9V4 101s RO-T4 8H2 21 Mi 8 74 914 17V2 IS14 4 5i- 11 11 36 36 1214 14 15V4 15 0.7R57'"' 2 5Vs 7 6s 37 5's 23 7s SouthwestBk SteaknSh SloverCand calls. Conference room. Ideal location for attorneys end sales representatives.

Mailing, duplicating, all you need to operate your office efficiently, economically. And the cost is lets than a secretary alonel You can LEASE A CADILLAC With the Money You Save Inspect today, or call Ann Becker (or orocnurc 725-200 8C08 Carondelet Suite 200 0.68 2 7 32 23 14 52 12V4 20 147' 5 8V1 17 14 TelecomCp 12 TGBancshares 5s 64s ConiSlateCp 21 1,2 15 7'2 1 iifanvlndus Tltanlndus Tracor TransiJas 8H 6Vs 177i 8s 15 745 914 Tyson's Fds uontlcoint doBonds Convenient Ind CountvNHanc Ci.rleeCloth riatatron PowJiines KilucaDev series today, it was ino. Tass said the satellite completed its first turn around the earth in 89.1 minutes. Its orbital parameters were 166 miles for the apogee and 133 miles for the perigee. vicot orn 8 11 14 1 V.

AO'. MoNatLife 6s VotunieShoe West Beef WestPuW Wetterau nSiz Bid and asked prices quoted in dollars 10 34 1 1 IS 6 '4 3V 1 19 614 3T Mo Research Molltilltles Mod Am LI 3(1 Vi 151 14 Firs! Fidelity 37 Vi 37 and Ui'r'y seconds. Subject to Federal taxes but not to Slate income taxes. KlrstNCharter (Not Avail) ModSecLife em i neanEiidei.