The Akron Beacon Journal from Akron, Ohio • Page 54

Parviii Proposing Change Of Name AKRON BEACON JOURNAL Business and B1 1 vmb i been wiling as high as $141.30 a share. Coleman acquired working control by buying 300,000 shares at $35 apiece in late 1968. lDimaini(se Thursday. April 9, 1970 10 Finley Is Suing Parvin CHICAGO lf A $2.5 million damage suit was Fishwick President Of John P. Fishwick, 53, an attorney by profession and one of the leading architects of railroad mergers, is the new president and chief executive of the Norfolk Western Railway.

Fishwick was elected at a special meeting of directors in New York Wednesday to succeed Herman H. Pevler, 67, who retired after heading the road since Oct 1, 1963. The is the parent company of the Akron, Canton Youngstown Railroad. Scheduled to retire in 1967, Pevler was asked by the board to stay on as president because of "pending merger matters." IX RETIRING, he noted that the final approval has taken longer than expected and that he wishes more leisure time than his present duties permit. Pevler will continue as a director and chairman of the board.

Fishwick master-minded the merger and the formation of Dereco, an subsidiary, that is one of the keys to the merger plan. A NATIVE of Roanoke where the has its headquarters, Fishwick joined the railroad more than 20 years ago as assistant to the gen filed Wednesday on behalf of insurance man Charles O. Finley, charging that Parvin-Dohrmann and BETTER-LOOKING bumpers, color-matched to the car, are in vogue this model year. A Uniroyal urethane plastic called Vibrathane, 10 times tougher than rubber and most other plastics, is sprayed on, then spray-painted. The 1970 model Olds-mobile Rallye 350 at right, which has the Vibrathane application, is being admired by the 1970 model at left.

some of its directors con spired to make stock in the company appear more valuable than it was. Finley, owner of the Oak- Off The Ticker land Athletics Baseball Parvin Dohrmann Ci. shareholders will vote at the April 28 annual meeting on changing the corporate name to Recrion Corp. The purpose of the move is to counter "adverse publicity suffered by the company during the last year," the proxy statement says. The Los Angeles company, which designs and makes hotel, hospital and restaurant furnishings and equipment, until Feb.

9 was headed by Delbert W. Coleman, a former Akron lawyer. COLEMAN on that date resigned the chairmanship he had held for 13 months as one of the conditions under which an Oct 16, 1969 American Stock Exchange trading halt in P-D stock would be lifted. The trading ban had been imposed because of charges of illegal stock dealings and other irregularities. Throughout 1969 the company had been involved in a host of other controversies, including violations of corporate disclosure laws, and trading in its stock had been suspended twice last Spring.

FOLLOWING the October trading suspension, the company was charged with attempting to influence federal officials. The proxy statement for the upcoming annual meeting details the including costs of $283,348 as a result of the various investigations. One expense item was a $50,000 payment for "legal services" to Nathan Voloshen, now under federal indictment for trying unsuccessfully to induce the Securities and Exchange Commission to lift the trading ban. Oil Demand To Soar Demand for petroleum is going to be so great that the oil Industry will have to find more oil in the next 10 years than it has in the past 50, according to John E. Swearingen, chairman of Standard Oil of Indiana.

"Free world requirements are expected to climb to 60 million barrels a day by 1980, and we'll have consumed almost 200 billion barrels by then," he said. Food Cost Rise To Slow A dramatic slowdown in the rise of food prices over the next few months was predicted Wednesday by the Bank of America. "This will help slow the annual rate of consumer price growth to near 4 pet. by year-end compared with 5.6 pet. during the fourth quarter of 1969," the bank's semi-annual progress report on the U.

S. economy asserted. Transfer Law Is Signed President Nixon signed into law Wednesday a bill designed to expedite transfers of executives and managers for foreign companies to branch offices or affiliates in the United States. Originally the legislation applied only to Western Hemisphere businesses, but the House broadened the final bill so that it covered the entire world. It would establish a new nonimmigrant classification for any alien" employed abroad for one year and who is seeking entry to the United States to work for the same firm.

They Took Cuts In Pay Fenn Central's board chairman took a pay cut last year of $1,731, according to the proxy statement sent out before the annual meeting here May 12. Chairman Stuart T. Saunders was paid $238,706 in 1968 but he received $236,972 in 1969, according to the statement. David C. Bevan, the railroad's finance committee chairman, was paid $131,984 in 1969, $4,359 less than the year before.

Alfred E. Perlman, who retired as Penn Central president last December, was paid $176,192 last year, $105 less than in 1968. His successor, Paul A. Gorman, earns $175,000. The company's net income in 1969 dropped to $4,388,000, equal to 18 cents per share, from $87,789,000, equal to $3.80 a share, in 1968.

The company failed to pay a dividend in the final quarter of last year or the first quarter of this year. team, charged in the suit that he purchased more than 12,000 shares in Parvin-Dohrmann assurances from some of the directors that the company was "very successful." A SHORT TIME later, the American Stock Exchange halted trading of the stock, citing allegations of rigging. Named a defendants, besides the company, were Delbert W. Coleman, William C. Scott, John J.

Dun-phy and F. O. F. Ass Co-Oppers OK Conner Board Slate Shareholders of Cooperative Enterprises of Akron Inc. endorsed the administration of Board Chariman Ray Conner by placing his five-man ticket on the board for three-year terms.

It included incumbents Richard E. Mitchell, Charles Anderson and Sonny Hibbler, and two new directors, Robert J. Simmons and Lowell Chris-man. SHAREHOLDERS also approved a dividend increase from 4 to 5 pet. on common shares, and 4 to 6 pet.

on preferred stock. They were told the seventh Co-Op Supermarket would open next Fall in Tallmadge, where roomier executive offices will be General Motors is delivering to GM dealerships its anti-smog kit for older cars that will retail for $9.95 uninstalled Cleveland-based Brush Beryllium has increased prices 4 cents a pound on its alloys containing copper Toledo's Libbey-Owens Ford began float-glass operations at its Ottawa, 111. plant A new service station credit card featuring a color photo of the holder has been Introduced by Signal Oil Gas Timed for the start of the travel season, Hertz Rent A Car is unveiling a car rental plan offering seven days of motoring with unlimited mileage at $99 Bache Co. has moved its operations group into the securities firm's new Bache Building at 100 Gold st. in the Wall Street area March sales for Peoples Drugstores rose ,7.6 pet.

over the year-earlier month, bringing the 1970 period 5.4 pet. ahead of last year's first quarter. PepsiCo Plans Offer PepsiCo which has a 74 pet. controlling interest in Wilson Sporting Goods soon will seek the remaining 26 pet. It plans to offer Wilson shareholders $17.50 worth of PepsiCo capital stock for each Wilson share.

PepsiCo common closed Wednesday on the New York Stock Exchange at $51.50 a share. eral solicitor. He later became general "solicitor, general counsel, vice president-law and senior vice president in 1963. Robert B. Claytor, 48, a senior vice president of the since 1968, was named to the newly created post of executive vice president.

Claytor joined law department in 1951 and moved up to vice president-law in 1964. THE PROXY statement also discloses that the company, now run by new management, will vote any proxies it receives against a proposal requiring P-D to buy 5,500 of its own shares from FOF Pro- Complete Late American. Stock Prices A-B-C-D Net prietary Funds Ltd. for $90 a Last Chg. ni5 mmmissions.

Sales (hds.) High Law Net Last Chg. Harter Bank Ups Dividend By 25 Pet. Shareholders of Canton's Harter Bank Trust Co. will receive a 25 pet. increase in dividends as the result of a two-for-one stock split and a new dividend schedule.

They will receive one addi- tional share for each share held as of April 7. Starting with the June dividend, the bank will pay at a quarterly rate of 25 cents a share on the new stock which is comparable to $2 a year before the split, Chairman John B. Root reported. The present dividend is $1.60 a year. Joe P.

Gills, executive vice president of Ohio Power was elected to the board of directors. At their meeting, directors elected Russell N. Thomas as senior vice president-loans, and William H. Moock, vice-president loans. Sales (hds.) High Law 6 4 4 17 14'4 14 10 9 Polarad El Sates Net (hds.) High Law List Chj.

4 14 10 Poloron Polvchr :6P.t Coleman arranged that deal last year, with the proviso Sales Net (hds.) High Low Last Chg. 9 15 IS 15 21 no1 10 no 2 14 14 14 2 I8V4 184 18'4 Vi 32 33 32 334 1 7Vt 7Vi 7Vi 2 9 9 9 1 24V4 24'4 24'4 Vi Kewan Key Co Kilembe .75 Kin Ark Corp Kingsford .28 KinasLaf 1.44 5' Vt 3 6' 1300 9 9'2 Polymer 9- 6 2 37 37 2 6' Va 40 37 36 37 1 hnv th( stork potter nst Pratt Lamb 1 3 lOVi TO 10 31 14 14 i4- 30 50 so so vt from FOF if P-D shareholders PrentHall .68 KinnypfC .05 X107 X107 1 12 .80 rolerSt 12 12 i i7'a 17 rejected the proposal. 4 15 15 15 3 17 47 13'2 PrudRes 13 13 Acme Hamil Acme Prec Adams Russl Admiral Intl Aerodex Inc AeroFlow .30 Aerojet Aeronca .209 AerosolT Aerovox Cp AIC Photo Aileen Inc AIM Cos Airlift Intl Alax Ma P-D stock closed Wednesday 23'a 23 prudBidg .24 XI 9 9 9 Vt 2 51 5 5 7 6' 5' 5 .2 7Va 7 7 PrudFnds .10 16 PubcoPet .15 on the Amex at $29 a share lk ii' Less than a year as il had PutnamsS .34 10 9V4 9 9 7 25 25 25 Pyroll Co .24 53 464 44ft 44V4 1 23 16 '2 7'2 12 12 5 5 7 5 '4 Ramer Ind 7 12 12'4 5 5 7 5 20'4 CoftMat CohuElec .15 Cole Natl .44 Colecolnd .08 Coleman .40 Coml Alllanc Comodor ComPSv 1.50 Compolnd .34 CompDes .70 CompuDyne Comput Appl Comput Eq Comput Inv Computest Comp Softw ConcrdF Condec Corp Conductron Connelly Con Con Cdn Far Con Oil Gas Cont Mater Cook Ind CookPtV 1.40 Corr Blck .44 Cosmodyne Craig Corp Creole 2.60 Crestmont Cromptn 1.40 CrowleyM .30 CwnCPet 7 8,8 8 Vi 3 18 17 17 Vt Sales Net (hds.) High Law Last Chg. 4 8 IV4 I' 1 6' 4' 4' 37 09 19 19 3 7 7 7 14 7 10 10 10' 2 7 7 7 27 10 9 9 54 44 44 44 3 4'4 4'4 4'4 5 19 19 119 1 7 7 7 1 11'4 ll'4 ll'A 2 10 IOV4 10 2 12 12 12 10 33 33 33' 2 8 8 8 3 17 17 17 1 5 5 5 Vi 25 12 12'4 13 3 4 4 6 11 14 14'4 14V4 Vt 15 3 3 3 X2 5 5 5 2 18 I8V4 18 Vi 2 22V4 22 22 Vi .1 12'4 U'4 12'4 2 18 18 118 2 3' 3V2 3 6 8 8 8' 20 20 20 20 14 6 4 4 5 17 16' 16 2 6 6 6' 3 19 19 19'a 8 17 17 17 1 4 4 414 X4 22 22 22' Sales Net (hds.) High Law Last Chg. GTI Corp 4 514 5 51 GuarMI 1.60a 13 26 26 24 14 Guerdon Ind 5 18 I8V1 18' Gulf Can .60 1 17 17 17 Gulf St Land 5 4 4 4 Gulf Wind wt 29 5 4 4 HB Amer 21 20 19 20 14 Hampsh Des 4 9Vi 9' 9Vt Vt Hampt Sh .32 1 6 6 6 -14 Harvard Ind 3 7Vi 714 7V4 Head Ski Co 1 10 10 10 HealthMo .60 4 9Vi 9 9V4 Hecks A .20 5 28 27 27 Heinicke Inst 12 10' 10' 10' HelenaRu .76 42 35 34 35 1 HigbleMf .80 X5 25 25 25 HiltonHot wt -5 48'a 47 47 2 Hofm Indust 2 3 3 3 Hollingr 1.40 6 1 30'4 30'4 Holly Corp 10 2 2 2 HomeO A .50 16 16 16 HomeO .50 5 15 15Va 15 Vt Horn Hardrt 1 23 23 23 House Fabric 2 32' 32 32' Hubbell .96 2 30'4 304 30'4 14 Hubbel pf 1 .75 2 45 45 45 Huffman .60 2 12 11 12 HuntCh A .24 2 42' 42'a 42Va Oil .30 4 ll'a 11 ill' Vt Huyck Cp .40 4 36 36 36 Hycon Mfg 4 6' 6't 45' I-J-K-L Ideal Toy 3 21 21 21 IHC Inc 1 17 17 17 Vi IllusWId Cnc 2 15 15 1 IMC Magnet 1 7 7 7 5 7 14 5 Vt ImocoG 1.18f ImpChm Imp Oil Indian Hd wt InflightP Inland Credit InstrSys Int Ch Nuclr Int Cont A wt IntProtein .10 IntStitch .07 Interphoto Interstate Un Intersystm InvDivA 1.80 InvDiv .45 InvFund nv Roy Iroquois Ind ISC Ind ITEL Corp ITI Corp Jaclyn Jameswy .381 Jeannette Gl Jeff Lk Pet Jetfersn Strs Jetronic Ind JohnsBarg St Kaiser In .381 Kalvex Kane Miller Kane Mill wt Kaneb PL .70 Kauf Brd wt Kay Jwly KentonCo .32 PIEFights M.

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from making a tender offer for 300,000 shares of PIE ctnnlr 43V4 43 "A Da itch Damon Corp DamonCr .40 120 45 19 34 Kouins intl 34 34 2 2 8 1 4 B4 30 2 8'4 4'4 Roll Roy Rosenau RownDrl 3 20' 204 20'i Vt 5-' 18 18 4 4 14 8 8 25 25 '4 16Vi I6V4 2 8V2 2 26 14 34 33' 33' V4 Rowland Pd I 834 8(4 834 Vi How Accounting 102 17 2 7V4 7V4 714 Vt 2 ivt The big Oakland, 7 7 14 13V4 13V4 13V4 3 I6V2 lVa 16Va Vt 8 10 8 4P4 Vi 5 10V4 4 5V4 5Vl 4 5 5' 47 7V4 7V 7Vi Royal Amer RoyBusn .05 Rusco Indust Russeks Inc RussellA RusselM 1 1 1 13' 13Va 13 Vi 5 5Vi quai lei cu uuv uuc, muv-u has one of its major terminals in West Richfield, filed suit in 3 1AV4 16A(i 1 28V4 28-V4 8-i4 Vi 5' 5'2 14 16 43V 43i 43 10 '4 4 6'i S'i 10 14 12 Vt Aids Franchisers 4 6 8 10 12 I '11 Wt 2 7 7 Macoid Ind Macrod Chat Magna Oil Mallory Ran MamMrt Mangurlan MansfTR .50 Marinduq 60 Marlene MarlevCo .40 5 18 9'4 2 7 10 4 6 8 10 12 29 8'4 5 14 4 5 17 Daryl Indu Data Cont Data Documt DataProd Cp Day Min Daylin wt DC Tran A Del Labs Deltona Corp Deltown Fds DeroRsch Dv Deseret Ph Devon Appar Digital Equip Dlllard Diodes Inc Dixllyn Corp DMH Corp Dome Petrol Domtar .60 Ssbln Roy .36 3 19 19 19 Federal Court in San Francis- aaregura na 14 '4 28'4 28'4 -2'4 25 514 5i Vi 7 2414 19 2Va 21 2Vj Vi 4 8 8 8 Vi 21 21 21 Vt 19'4 19'4 19'4 16 16' 16 '4 12'4 12'4 12'4 Vi 4 4 6 43 4344 43 Vi 35 35 35 stjnnTrk .90 14'a 2m SS c0 charging the offer violates .17 14' 14 59 103' 101 102 1 314 31 3-4 3 12' 12 12 14 i2 I vt the 1934 Securities ixenage Marshall Ind 11 SVi 5Vi S'J li 5'. 'A 2 S'i 5'i 16 14 16Va 15 8'i 8'j 18' I8V4 18'4 4 4 14 ACT. 5 2 10V 10V. 10'i Vi 14' 14 14 MaulBros .20 McCror wt McCull Oil 2f Means FW 1 33 33 4 19' 1914 1914 72 73 16 '4 Vi 18'4 5 4V, 4'j 4V2 Vi 43 6 8 il 9 30 4 14i 14 .14 Vt 5 17' Vt 43 1 86V4 -1 4 12 Vt 1 Dorsey l'4 Vi 14' 14 8 34V4 18'4 14'4 l4'4 20 2' 4' 116 87 5 4 PIE CLAIMS the Philadelphia firm failed to disclose that Civil Aeronautics Board 5 28J 28H 2 13 13 13 16 16V 16 '4 6 6 6 20 Vi 10 12 14'4 14 20 2 6' 18 32' 32 32 9 9 9 Vi DPA inc Drug Fair .40 DurTest Dynalectrn 3 1214 12 2 6 5 10 1 1 1 7 5 1 63 10 1 1 9 2 5 14 9 3 4 3 140 20 6 4 1 4 3 6 9 1'5 3 40 xio MEM CO .72 Menasco Merle Merrill 1st Mich Genl Microwave Midi Co .60 MidlMtg 2 6 18 SalemBr Carlos Sanitas Sargent Ind Saturn Airwy SavAStop .24 Savin Mch Saxon Indust Sayre Fisher Scam Instru SchenuitA .40 Scieice Mgt Scope Indust ScottysH SbdPlywd .10 Sealectro Cp Sec Mtg Seeman Bros Selig Latz .80 Sequoyah Ind Servisco .38 Servotronic SheffWat 7 7 18 E-F-G-H 18 17 43 85 'a 4 12 12 37'4 10 15 7 7 18 6 ll'4 5 1 51' 51 Vt 51 Vi Vi X4 9'4 9 94 Vt 31 157 1514 1514 i 8 10 10 10 Vi 2 30 30V. 1 1 36'4 3634 3614 V4 2 534 514 514 3714 14 approval was required in 15 connection with the proposed 7' 1 7 purchase.

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Over the 180 mqnths, then, the lease agreement will pro-. iluce revenues of $54,000, or $44,000 net. UNDER THE accounting rule used by International and accepted by the iimerican Institute of Certified Public Accountants a bit less than half the net is considered interest and the remainder is pi of it. The interest is taken into revenues at a rate of l-15th a year. However, the profits in this case $24,000 can be declared in the first year.

2 26V. 26Vi 26V 5 36 vt 2 9 9 Mouldings Mov 'Star .50 9 14 14 7 7 kinUp'c ctnMr PTE 9 9 14 14 5'4 5'4 16' 16 514 Vi 9 2 16'2 Soundesign 37,, VSCOrg pfl.40 1100 3'i 3Vi 31 31' Ul lllC 11 oiww. 26 26 earlier ur8ed stockholders to 22 iv i-vt reject the offer. 8 9 Meanwhile the Philadelphia 44'. 44 if 4 6i as 14 1 ol- a.oupr 1 43 8V, SC5.20pf 1.30 414 I Sou 4 SouRov 1.20b 1 1 1 1 2 10 12 48 4 38 2 3 29 5 714 734 714 Vi 21 1914 19'i 19 6 7 7 7 7 12''2 V4 3 10' 10 lOVi Vi! '1 8-8 8 1 4'- 4V 4Vi '21 '15'i IS 15 7i 17 8 6'V X2 2J4 23V, 23H 'i 1 7'2 7'i Vi 2 Vf 7'i 'i 17 27Va 27' 27' 8 4 4 In 8 2 22 8 4'4 4 8'4 2' 4 14' 4 15 14 14 Vi 20 4' 4 4 130 SI '4 49 SI 'A 1 2 5' 5 5 2 16' 16' 16 3 16 16 '4 16' 4 14 1 4'4 4V4 4'4 30 14 13 13'4 1 15 29' 29' 29 V4 3 12' 12 12 5 7Vi 7 7 1 7 7 7 Vi 4 5 514 5 3 6 6 6 5 2n 20'4 20' IB SVi 5 5 Vi 1 9 9 9 4 15' 14 14 Vt 4 10'4 10'4 10'4 Vi 22 noiaing company jkuu wn 14 proceed with its program as 2 4 4 14 14'2 16 scheduled, noting that tne ru 13 14 10 I6V4 9'4 5 22 13 13'4 13 'A EquityCp Equit Fd ErnstEC Esgro Inc Esq Rad El Essex Chem Executon .24 fxtendcare Fab Indust Fabien Fabrics Natl FairNob FamRecd .60 Fanny Fed Resrces Federals Inc FedMart Felmont Oil Felsway .32 Fibrebord wt Field Plastic Filmway FlltrDyn FinSanBa .20 9 4 4 4 1 7 7 7 ing of the complaint in no way bars it from continuing to ac- Movielab MuLtiAm Muter Co Napco Ind Nat Alfalfa Nat Bellas Mat Gen wt NatHlth' Enf Nat Ind wt Nat Radio Co Realty .80 Nat Systemo NBO Ind Needham .20 NestleLe Eng Nuclr HampB .40 Newldria Mn NewPark Mn Proc 1.25e NYTimes NiigFrS NMS Indust Nortek Inc No AMtq 85e MoAmSug .80 Nor Cdn Oils 12 12 5'4 Vi 22 9 5 10 6 1 5'2 own my Specify Rest SpeedOP Spencer Shoe Std Containr StdMetal StdMot A .75 Std Pac Corp Std Thomson Slanrock Ur Stanwlck Cp Stardust StarSmkt .60 By ROBERT METZ New York Timet Servica NEW YORK The Boston College Center for Franchise Distribution brought together the top and not-so-top franchise companies, last week to discuss mutual problems amid the chill winds of adversity that have swirled about franchising since industry accounting methods have come under attack.

The small companies were none too happy with a new recommendation by accountants that they limit gross income, for franchise fees to the amount of cash received or to some other equally conservative basis. This was to overcome a widely recognized abuse by which franchise companies would sell units and immediately declare as ir.come the full franchise fee even though only a 10 pet. down payment a have been made and openings may net have been scheduled for several years. SOME OF the bigger franchise companies have moved to more cor.scivative approaches without destroying their earnings. However, these companies have- operating earnings a well as franchise fees to fall back on.

The small comapny may not. BUT WHILE International Industries took some credit for leading a shift to a more conservative approach, not everyone was satisfied that the company had done enough, even though itF earnings were trimmed from $1.51 a share to 94 cents. Al Lapin the head of In 9 9 1 13 13 13' nnnt tpnrlprs. 54 4.V1 (At 7'4 6 4 12 invi 3 714 4 12 9'i 2' 7 3 4Va 7 6 2 7 1 6 5Va 1 4Vj 1 6 14 7 6 20 22 2 2 2 6 7 12 1 4 Vf 12 9 Vt 2 7'4 57 1 30 4 3'a 3 3 7 7 57 56 13 2014 20 19 9 9 30 30 7 7 9'a 9 22 22 13 13' 4.1. 4.1.

I. Net Earnings 18 28' 28'i 28 4 10' 10 10 V4 1 10 10 10 8 11 11 11 '4 1 14' 14 14 Vi 1 18 18 18 Vt 4 15'4 15'4 Vi 1 27 27 27'4 14 5 6 6 2 14 6 4 1 29 1 9 14 22 4 13 3 4 2 9 27 5 1 14 4 9' 9 9 23 14 14 41 1,7. riiMMiNS ENGINE for 5 5 8 8 21' 21 22 22' 27 '4 274 -r steelmet Inc Sterl lectrn 21 7 IsierlExtr .24 22. 'SterPrec 27 4 14 stern Met .25 FmlGeni X'v. goarter 5-8 milloln or as cents 1 10 10' .11 Pel Cnnrt Dn 2 15 14 15 in million or 57 rents.

I 11 44 t- lm 14 14 I1 IVa 2514 2S''4 4- Vj! FlrstNtl Real 11 4' 6V4 6 1-16 4 4' 2 2 9 25 21 JHkiVESt Rl wt 6 2'i 3 6 See COMPLETE, Page ll Noeast Airlin NlnPS Df4.25 5' 57 3 19 19 19 i t'uJilJ! 1 12 23 23 DOW JONES for quarter million ar 29 cents vs. million or 37 cents. ELI LILLY 4V for qasrtrr million or 7 cents vs. til.t million or cents. W.

MURPHY INDUSTRIES. 6 eve 5 58 7, 6 15 3i. 34V4 12 250 58 6 6'4 1 15 5 3 19 35 Metal Market Nowst Ind wt Novo Cp .80 Nuclear Am Nuclear Data Nytronics 15 3 344 7 25 7 6 4'. I icoyt 7.13 13 13 '4 1 5 5 5 'A Jf''y Svt 414 Flowers ill A li i it i7 .30 0 Forest Cit 1 9 9 9 '4 ForestLb 7 10 10 10 Four- Seasons 1 1 17 17 -VilFranklMt .10 10 7 (AP) Pittsbureh 'S weeks or 25 cents 'a NEW YORK 1 37' 37 37Va 1 hnavv 11n niuili'H VS. XiiS.WM or renis.

'4 Ohio Brass 2 OKC Corp .80 scrap steel No. 1142 HO- PEW.M-UIAlt!, mr yrar 4 19 19 Vi. Thursday by Iron Age at virvi it. una ind Ookiep 4.1 9e Originala .30 Snnt nnnfarvniiw TYiPtal TirirPK lion OT il "I III III 13 25 25 25 3 6 6 6 blsiii RELIANCE UNIVERSAL, fr 20 14'i 14 14'4 IFrenchP Can 8 -f Viipound, Connecticut Valley; lead or 2R cents ts. 15'4 ia isii.

or 4n cents. 3 10 10 10 Vt Fresnillo 20 4 4 412 Gearhart .24 20 7 74 7 GCA Corn 3 22 22 22 Vi 6 4'4 4' 4 Vii 11 13 12 13 Vt 2 12 12 12 14 5 21 'A 21 21 Vi 2 20i 20 20 20 46' 45 45 75 37 36 36 1 21 9'4 9 9'. Vt 7 8 7 11-16 8 3-16 6 Wt 19 19 14 4 12 12 12 5 Wt 16 16 195 5'4 5 5 1 3 3 3 3 12 11 12 3 10 9 9 Vt 1 4'2 4 41 4 16 I6V4 16 11 8V2 8 8 '4 X10 10 9 9 4 714 7 7 9 3714 36 3714 14 for 13 2 8' 8' 4 15' 15' 2 5'. 5' 2 3 3 i 3 3 5 icenS ounli Et St. 'Louis: tml RIEGEL TEXTILE CORP Con Gndoil M) cents vs.

3 a pound. New York; gold weeks i.iO.MNi or Cdn Homestd 98 15-168 13-148 15-16 Friend Frost o-K4 per troy ounce. New YorK; CdnHydrO 20 4 13 13 13 Front Air wt 21 21 21 silver $1,875 per trov' ounce, Newi UNION COMMERCE BANK- it. 4ii trtw rv AM till AH Cdnlnt 1 1 18' 18' 18 14 ii iom; quicKSUver 4o.w per iiasK, New York. or 11.77 vs.

11.6 million or 11.06. 16 I6V4 16', Vt 4 16 16 6 14 7 241 24 24 Vt 3 27 27 27 GayldNat .30 19 15'4 14 V4 Gabriel 2 4'4 414 414 Vi Gen Alloys 15 29 29 2914 Gen Battery 11 7'4 7 7' Gen Interior 42 13 13 13'4 GateSpGd .20 3 11 11 11' Vi'Gen Plywood Cdn Javelin Cdn Marconi Cdn Sup Oil Canaverl Career Acad Caressa Inc Carnatn 1.60 4 4' 4 This can help earnings quite 1 a bit in a company with a number of subsidiaries that offer equipment leases to lranchisees. The larger subsidiaries, such as International House of Pancakes, take to profits at least $60,000 each equipment lease signed as of the date the store opens. LAPIN, contacted, at his fee in California, said: "We have reviewed the equipment leasing matter with our accountants and we feel that we are taking the correct approach to this question under the rules." This approach to If asing is used in, several industries, particularly in computer leasing and in allied fields. Telex for example, uses the same accounting method in Z10O 62'4 62'- 62'4 Vt .50 OxfdFst 1.07t Ozark Airline Indust Pac Cst Prop PGE 6pf 1.50 PGE pf 1.37 PGE 5pf 1.25 PG rdpf 1.25 PacHold Pac Indus PacLt pf4.75 PacNwTel I Park Ele Parklan Hos ParvDoh PatPPap .36 Pato Cons PeabGal Peel Elder Pentron El PEPI Inc Permaneer Petrie Sir .45 15 15' 15'4 867-5064 20 110 109 110 lienge Ind CALL US ADOUT CaroPibe .72 3 15 15 15 13 Vt 10'4 30 1 15' 4 4' 4' 4 Vi 10 24 23 24 1'j 14 4' 4' 4V2 9 1 3 "4 13 1 10'4 10'4 24 30 29'4 7 15' 15'4 15 7 7' Genisco Tech GerberSc Ins GF Indust Giant Yel .40 GilbrtCo r.ilhpr-t PIbkI Castlcton Ind 14 6Vi 6'4 6' Vi CBK Aqron 15 3' 3'a 3 Cellu Craft 2 9' 9 9' Vi CenMe pf3.50 110 44'a 44Va 44'a 1 CentSec 2.15e 1 19 19 19 '4 8 8 8 8 14 714 2 6 6 6 Vi QUALITY HEALTH INSURANCE 1 INCOME PROTECTION HOSPITAL-SURGICAL MAJOR MEDICAL 33 23' 22 22 22 14 13 38 Gladding .10 22 22 22'4 1 9'4 9'4 9'4 Vi 4 7 7 7 3 3 CSec pfC1.25 1200 38 38 Century Geo 4 4 4 1 c.

arork PrH 4 7 7 75 sn 1 10 10 10 -t- Vi PEOPLES FEDERAL HOME OFFICE: WOOSTE AKRON 1 Goldblatt ternational Industries often 4 B'4 8'4 8'4 'i 1 lit. 11.1 1L 9 3 -T .1.. iPhilLgDis .91 3 19 19 I Gould wt 10 6 6V2 6 vij described as a franchising 1 if if n'k i conglomerate did not say H. A. SIEGENTHALER 1795 WEST MARKET STREET 17 9' 9 9Vi V4 2 2 27', 27'A-'3j "M9'Jf6' it 14 in.

14 j. 1. Grass val Gr 7 3 75 1 1 21 4 2 2 2 3 2 xS 30 6 10 3 3 3 Certified Cp Crtron Corp ChadMill ChampHo .16 Chelsea .24 Cherry Burr Christian Oil Cinerama Cicrle .40 CircuitF I.Mf Clarkson Ind Clary Cr'P CM I Coip Coburn 30 38 "4 38 15 14 27 27 7' 18 18 6 6 5 5 42 42' 18 18 10 10 40 40 7f 7 7 Wt 15'V 15' 1 anything about the income In- Main A Market 13 4 4'4 4'4 pniinp5cr .20 Phoenix Stl Piaseckl Aire Pickwick Infl Pioneer Plas PionerSy Pittwav PitWVTr .54 PK Co Plaza Group ternational derives from DIAL 535-1505 AKRON, OHIO 44313 339 6 6 Lt 6 25 25 25'2 14 Gt BnSn Pet 5 50 50 50 Vi GtLsk Chem. 3 17' 17 17' Greenman 1 614 6V4 6 Greyh 22 24 2'4'4 24'4 Grucn In 5 5 5 5' GSC Eypr 5 u' 11 1 20 20 20 '4 9 11 10 10 Vt 1 5 5 5 4 3 3 314 equipment leasing agreements. leasing comtjVcr drives..