Alton Evening Telegraph from Alton, Illinois • Page 18

B-6 Alton Evening Telegraph Friday, July 23, 1971 Stocks rise slightly NEW YORK (AP) Blue- chip issues were a shade higher today as were stocks in general. Trading was slow. The noon Dow Jones average of 30 industrials was 0.87 at 887.05. Declines led advances on the New York Stock Exchange by 5 to 3 margin. Chemicals and mall-order Livestock prr -PS nt East St.

Louis NATIONAL STOCKYARDS, HI. (AP) (USDA) Estimated receipts for Monday: lings Cattle 3,000. calves 150, sheep 400. Hogs barrows and gilts 25 to mostly 50 higher. 1-2 210-230 Ibs 21.50; 175 head 21.60; 1-3 210-250 Ibs 21.2521.50; 200-210 Ibs 21.00-21.25; 2-3 230-260 Ibs 20.75-21.00; few 2-4 260-280 Ibs 18.00-19.00.

Sows steady to 25 higher; 1-3 300400 Ibs 2-3 400-600 Ibs 15.25-15.50; few 400-500 Ibs 1500. Cattle 250; calves 25; receipts largely slaughter steers and slaughter cows; steers mostly 50 higher, cows about steady with the week's decline. Steers: around four loads choice and prime 1,1001,325 Ib yield grade 2-4 33.50, load choice 1,125 Ibs 32.00, package good 31.00. Cows: utility 19.50-21.50 couple Holsteins 22.00, cutter 18.50-20.25. Calves: no market test.

and retail were lower. Building materials and drugs were higher. All other groups were mixed. Analysts said Investors were weary about the economy but generally staying out of the market rather than selling. The market showed little reaction to the news that living costs in June rose .6 of 1 per cent for the sharpest rise in 14 months, observers said.

Tod performance followed two sessions of decline. The Dow average lost 1.46 Wednesday and 4.16 Thursday. Among individual issues. National Cash Register, which and poultry at St. Louis (ST.

LOUIS) Kggs, consumer grades: A large 20-37. A medium 21-29, A small 1117, large 20-30. Wholesale grades A large 20-22, standard 15-16, mediums 13-14, unclassified 11-13. Live poultry will be accepted again, beginning Aug. 2.

had previously reported earnings declines, was off iy 4 at 40. 18 selected stocks Following are today's noon quotations of New York Stock Exchange Issues research has indicated are widely held in the Alton area as supplied to the Alton Telegraph by Newhard Cook from Its Alton branch office. The New York Exchange closes daily at 2:30 p.m. (Alton Time), so these are not the closing quotations: Air Reduction Clark Oil General Motors Granite City Steel Grant (W.T.) Co Kresge (S.S.) Co McDonnell Douglas Mobil Oil Oiin Corp Owens-Illinois Penney (J.C.) Co Sears Shell Oil Co Squibb Beechnut Standard Oil (Ind.) Stadard Oil (N.J.) U.S. Steel Soybean prices advance 4 cents AP Business Writer CHICAGO (AP) Soybeans LAND and BU9LDSNG (Former U.

S. Post Office Building) ALTON, ILLINOIS GSA DISPOSAL NO. G. ILL 487A To Be Sold By Sealed Bid: BID OPENING: Bids will be opened at 3 P.M.. local time In Chicago.

Illinois on Friday, August 6. 1971. at General Services Administration, Business Service Center. In Room 1462. Everett McKlnlcy Dlrksen Building, 21fl South Dearborn Street.

Chicago, Illinois 60604. LAND: Consists of 0.431 acre of fee owned land, 140' 134', with 140' frontage on Alby street and 1.14' frontage on Third Street and a retaining wall casement. BUILDING: Consists of a one-story and basement, brick with stone irlm structure. The hip roof has a tin deck. Contains approximately 21,417 square teet of floor area with a combination air-condition inn and heating system.

PROPERTY OPEN FOR INSPECTION Arrangements to view the property may be made by contacting Mr. Ele. Supt. of Malls, U.S. Post Office 727 Belle.

Alton. Illinois. BIDDING: Bids must be submitted on bid lorms provided by G.S.A. For full details bid form, clip coupin below or call, wire or write: GENERAL SERVICES ADMINISTRATION. Property Management and Disposal Service, Room 1-162, Everett McKinley Dirksen Building, 219 South Dearborn Street.

Chicago, Illinois GOWM. Phone: (312) 353-53S3. GENERAL SERVICES ADMINISTRATION Exerctt McKlnlcy nlrkscn Building E. Dearborn Hoom 1462 Chicago, Illinois 60604 Please send without obllBation, bid form G-ILL- I 487A and details on III. property for sale.

Name Address futures prices ran up more than 4 cents a bushel to a new seasonal high In three deliveries on the Chicago Board of Trade today. The price spurt, which lost steam after nearly an hour, was attributed to the government's report late Thursday showing that soybean stocks as of July 1 were considerably below 1970 and even well under the trade's expectations. Meanwhile corn prices sagged 2 cents a bushel to seasonal lows in all five options traded. Wheat prices were down well over I cent. Oats were unchanged to a little lower in extreme light trade.

The boom in soybeans was reflected In the market for its end-products with oil futures rising as much as 20 points and most deliveries of meal rising 30 or more points. feed broilers were a little higher in very slack trading. After about an hour, wheat was 1'4 to cent a bushel lower, September 1.51; corn was 2 to lower, September 1.38; oats were unchanged to lower, September 67 cents and soybeans were 2 to higher, August 3.5114 WHAT'S IN A NAME? A lot! For example, for over 80 years the name Germania Savings and Loan has stood for strength, stability and financial responsibility. And, as many of you know from experience, the name Germania has also symbolized a warm, friendly, understanding place to do business. Now, we've got a new name! We have changed from a State chartered to a Federally chartered savings and loan association, and henceforth, will be known as Germania Federal Savings and Loan.

As always, we will be offering our customers the highest return allowed by regulation on savings, as well as a complete range of home loan services. Yes, our name may have changed, but our service will continue to be warm, friendly, understand- above all, professional as it has been for over 80 years! GERMANIA FEDERAL SAVINGS AND LOAN ASSOCIATION 543 EAST BROADWAY ALTON. ILLINOIS 62002 Phone. LOUIS 355 0700 GROWTH FINANCIAL STABILITY Gateway Council is now 'action oriented' Complaints by a top area federal official that the East- West Gateway Coordination Council is not "action-oriented" and has failed to come up with comprehensive plans are being answered by a change in the agenda's policy, Gateway Council executive director Eugene Moody said today. Moody said a front-page story in a St.

Louis newspaper detailing the complaints by Elmer E. director of the St. Louis area office of the U. S. Department of Housing and Urban Development was "not new news, since Elmer Smith made those statements back in March." Since then, the agency had changed its work program to meet Smith's objections, Moody said.

He said last month's adoption of a St. Louis Rapid Transit Authority by the Gateway board "is the kind of action (Smith) was referring to." Moody said a regional Open Space and Parks plan had already been completed. A regional water and sewer plan will be done by Sept. 30 and a comprehensive housing plan by the end of the year. Moody said.

Moody said the slowness In getting into other areas was caused because the Gateway Council was created specifically in the beginning to do transportation planning only. Love Story Look-a-like Rose Marie Tite, 19, of 752 Rice Street, Wood River, Ims been picked as the winner in the Ali MacGraw Look-a-like contest at the Grand Theater in Alton. The contest, sponsored by the theater with prizes from local merchants, was run in conjunction with the movie "Love Story" in which Miss MacGraw stars. Business news Attends insurance course W. W.

Wilson, staff manager in the Alton district office of the National Life and Accident Insurance recently attended a management development course at the firm's home office in Nashville, Tenn. The Alton district office is located at 1623 Washington Square Plaza. The manager is G. M. Harvey.

Handley promoted by Box Board James D. Handley has been promoted to manager, advertising and sales promotion of Alton Box Board Co. Handley was formerly assistant to R. A. Mattson, manager of marketing development and services.

Handley joined Alton Box Board in 1963 as one of the company's first co-op students. Upon graduation from Southern Illinois University Carbondale in 1964 with a B.S. degree in business, he joined the company on a full-time basis. He was initially a member of the personnel department of the company's paperboard mill in Alton and subsequently corporate manager of college relations before being transferred to the company's corporate marketing department in January, 1970. Dr.

Katz re-elected to AAGC KANSAS CITY, Mo. Julius Katz, M.D., Alton has been re-elected to active membership in the American Academy of General Practice, the national association of family doctors. Re-election signifies that the physician has successfully completed 150 hours of accredited postgraduate medical study in the last three years. Members become eligible for re-election at the end of the third year following their election to membership. The Academy, the country's second largest national medical association, is the only national medical group that requires members to keep up with medical progress through continuing education.

MJM gets federal grant The Rural Electrification Administration of the Department of Agriculture has awarded a loan for $627,000 (together with $95,000 of the borrower's general funds) to the M. J. M. Electric Cooperatives, Carlinville, to finance 25 new miles of distribution line. The line will serve 338 new consumers and part of the money will finance extensive system improvements, including 19 miles of new tie line and conversion of 23 miles of existing line and related facilities.

The Cooperative serves Greene and Jersey Counties in the 20th District and also Macoupin, Bond, Fayette, Madison and Montgomery Counties. Peter Fuchs heads collectors Peter Fuchs, past president of the Illinois Collector Association, has been elected as Illinois' national director of the American Collectors Association for 1971-72. The association, with headquarters in Minneapolis, is the world's largest association of debt collectors. Fuchs owns the Illinois Credit Adjustment in Alton. California court OKs abortions SAN FRANCISCO (AP) South Roxana board amends appropriation ordinance The South Roxana village Illinois University students Tabled an engineering board amended their ap- living within the corporate agreement for a supplemental propriation ordinance Thursday boundaries to purchase vehicle sewage plant improvement night, allowing themselves an stickers.

study, additional $3,600 to operate the Appointed board member Purchased about $200 Max Daniels as chairman of worth of clothing for the vill- the zoning committee. age policemen. Denis to blast at Nixon recession city. Passage came at a village board meeting which authorized administrative salary adjustments and additional finances for payment of bills. In other action the board authorized Village Attorney Francis Manning to continue state appeals court has ruled condemnation proceedings for that all abortions performed in a house located on Illinois California are legal if per- Avenue, formed by a licensed physician Authorization was given after in a licensed hospital.

board member Max Daniels The 2-1 decision Thursday by reported all legal avenues to administration, the the state Court of Anneal holds et repaired had been Democratic party opens in unconstitutional nave uc tarvun lu lui "n.m-i unemployment, public works and law enforcement. The occasion is described in WASHINGTON (AP) Hitting what it considers the exposed flank of the Nixon Annpal ot Appeal ad Detrojt next wegk a task forcc a requirement have to fee to court for attack on Repub i ican etforts of Uie states liberalized thera- jn peuic abortion law of 1967 which required abortions be ap- The new)y employed dog catcner for vi! age nas the Democratic National Committee. But instead of conducting proved by a committee of hos- injtiate(j a new methoA for advance news releases as pital physicians. residents to locate lost or im- hearings by the Democratic That law also required abor- ded Polj a branch of tions to be performed only Ronald Schaff now hospitals accredited by profes- description wnere sto thorg niza ns -1 cou the et was p' cked a ruled the hospital need only be plcture of th anima jn the its busjness jn tne -licensed by the state Depart- viuage munidpal building of a neari room Th rZ, rf as father action the board: leaders will gather in a that allLprt Authorized the police church parking lot, a sewage iidiuie uiai al ea department to notify Southern treatment plant, and the oniy to S3vc a rnotn' er's life. Justices Richard M.

Sims and Norman Elkington concurred in the majority decision on an appeal from a criminal abortion case in Alameda County. It upheld the 1967 act provision which restricts abortions to the first 20 weeks of pregnancy. "We are impelled to considtr that a woman has a constitutional right to terminate her pregnancy, subject only to reasonably imposed state restrictions designed to safeguard the health of the woman and to protect the advanced fetus," the majority decision said. More than 62,000 legal abortions were performed in California last year, the state Department of Health reported. This compared with 5,030 in 1968, the first full year of the 1867 law, and 15,339 in 1969.

Horse show Sunday An open horse show will be held at the Macoupin County Saddle- Club grounds near Gillespie Lake Sunday. Entries for the event, sponsored by the Hor- semasters, will be taken between noon and 1 p.m. with the show starting at 1:30 p.m. Frank Murphy Hall of Justice. Asked if the hearingr.

could be called an attempt to embarrass the administration, Democratic spokesman John G. Stewart said: "We're certainly going to try and do that." The Detroit stop Monday is second in a series of pre-1972 presidential campaign forays by the council. St. Louis was visited about three weeks ago. The topics in Detroit were chosen because "we try and pick out an issue that has local application," Stewart said.

Unemployment in Detroit, he said, is per cent. Gift to college Shell Oil Wood River Refinery recently donated a detailed scale model of a process unit to Lewis Clark Community College for use in connection with the school's science and technical courses. Inspecting the model here, from left, arc William R. Durland, refinery superintendent; Edwin Fitzgibbon, vocational 34TH ANNUAL FINANCIAL STATEMENT Citizens Savings and Loan Association STATEMENT OF CONDITION, JUNE 30, 1971 ASSETS LIABILITIES 828 I' 1 130 000 00 363 069 01 561 637,53 178 367.76 $14,424,455.08 227 861 75 45 518 43 907 181.28 $14,424,455.08 We have examined the above Statement of Condition of Citizens Savings and Loan Association of East Alton, Illinois, as of June 30, 1971. Our examination was made in accordance with generally accepted auditing standards and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary In the circumstances.

In our opinion, the accompanying Balance Sheet presents fairly the financial position of CITIZENS SAVINGS LOAN ASSOCIATION as of June 30, 1971, Respectfully submitted, C. J. SCHLOSSER COMPANY Certified Public Accountants State of Illinois technical dean at Lewis Clark; and Orville Brown, director of community relations at the college. Albania fails to show any new warmth toward the U.S. By KENNETH J.

FREED Nixon's acceptance of an U.S. overtures have been Associated Press Writer invitation to visit Peking was turned aside usuillv in PY WASHINGTON (AP) -The a brief statement, without sweetened atmosphere sur- comment, in ita media emely Vltrlollc terms rounding American-Chinese acknowledging the devel- tne end of World War II when relations doesn't appear to opment. an American mission wont to have lessened bitterness One source said "My guess Albania to study establishing between the United States and is Albania has taken a wail- diplomatic relations Albania, Peking's most ler- and see attitude" before Thn vent supporter. making any moves of its own. 1 5810 Was puUed State Department officials But, he went on, it is im.

1J B6c ause of what was say there has been no in- possible to say how long it described at the time as of- dication the tiny Balkan will be before any position is ficial harassment. The last nation is at all interested in taken. American move directed at following China's lead toward However, other officials belterlnB relations tensions with the said there is no reason at ons was four United States. think whatever response is ag hehn Preslden In fact, Albania's only made will be positive public reaction to President They point out all previous regL.ng reslricUoM Alkl I ITIl lg ultimate response to WWnPS 1 EiBV similar U.S. acts, the Balkan PRIME COMMERCIAL RETAIL SITE trade 'IS 10-20 ACRES and all U.S.

citizens' requests On major roads, close to present shopping areas. for travel visas have been Corners or tracts with a minimum of 650 ft. denied. frontage. Will purchase or ground lease.

There have been no further Contact Lee Jacobs tries at relations I It 1 j. A or cven establishing contacts Hanover Development Corp. 8200 N. Hluwutlm ChLa Illinois 60616 8 Phone- 312.2HA 7550 Communist regime wants Hione. either siUiatiou to 1.