The Galveston Daily News from Galveston, Texas on September 23, 1978 · Page 14
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The Galveston Daily News from Galveston, Texas · Page 14

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Galveston, Texas
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Saturday, September 23, 1978
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Page 14
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U-LJ (Tlu- Saturday Morning, September 23, 1978 Euphoric Ending Overshadowed Mideast Splits KRISTI, a black and silver female shepherd, 1 ^ years old, spayed with ARC papers needs a home. Kristi is very gentle and would make a good family pet. Anyone interested may contact the Society for the Prevention of Cruelty to Animals in San Leon or call 559-2626. WASHINGTON <UPI> U.S., Israeli and Egyptian letters made public Friday indicated the euphoric ending of the Camp David summit overshadowed wide divisions on some of the mosl crucial issues in the Middle Easl conflict. But an administration officiai predicted agreement soon on Israel's West Bank settlements — the most serious of two subjects still to lx? taken up by letters accompanying the Camp David "framework for peace." And a potentially far- reaching letter released Friday said Egypt is willing to step in and replace Jordan if King Hussein balks at joining Israel in supervising Palestinian self-rule on the West Bank. Stock Market Closes Out Bad Week With Small Gain NEW YORK (UPI) The stock market Friday closed out its second consecutive disastrous week with a small bargain- hunting gain despite a Federal Reserve move to boost interest rates. Trading svas the slowest in two months. The Dow Jones industriaj average, up 2 points and down 3 during the day, finished with a gain of l.iio points to 862.44. But it lost 16.11 points for the week following a 29.41-point slide the week before. The Dow rose 3.98 points Thursday. New York Stock Exchange volume of 27,960,000 shares, down from the 33,640,000 traded Thursday, was the smallest since 25,395,520 changed hands July 25. Friday's advance was mostly the result of bargain Market* (Tbe following quotations are supplied through the courtesy of Rotan Mosle, Iac.,Galvestoa) Allied Chem 36' » Alum Co Am 45^ AmerAir 15?< Am Can 39 AmCvan 29' •, Am Nlotors 6 AmT&T 60\ ArmcoSU 20 BendixCflrp 39 ! ? Beth Steel 234 BoeingAir W> Borden 29 Borg Warner 32 CampblSoup 361 1 Celanesc 43 7 !, Chrysler 12 Cities Serv 53> Coca Cola 43"s ColgPalm 20^4 ColBrdcsl Dfi'i Contrl Data 37^ CoiUICan 3Pj ConllOil 28 : » Delta Air «'s Dow Chem 28 DuPont 125 '< EastrnAir 13 ElPaso N Gs \~i\ Ensearch 20>> Exxon 50--. Firestone 13 -» istlntBcsh 36-\ Ford 45 FrprtSul frS. GAF 13': GenElec 52': Gen Foods 32 ;;t Gen Motors 62' 4 GenTiT 30 GetlyOil 39',, Gillette 31' 4 BFGdrch 20 -i Goodyear IT 4 Gordon Jl 20' 4 Greyhound )3'- : GulfOi! 25 :i i Halliburton 70 Honeywell (a 1 ; Kous'lnd 32s 39'. t 230'-, 40' x 1G :: 4 44 31". 31^ 34', 274 KMart Kroger LigMyrs Lilton Ind Lockheed Lykes Mara Oil McDermolt MinnAIng Monsanto Motorola Mobil Oil NallCyp NorWstRR PacGasEI Pnhdl Est Penney pepsico Phil Pel Polaroid RCA Raytheon RepubSU RnJdsMU RnldsRJ RylDPet Santa Fe Saleway Sears SrvClntl Shrwn \Vrns Shell Un SigOil SoPac SoUnGas SperryRnd StdOilCal StdOiltnd Tennecolnc Texaco TxETms Txlnst TxGlflnc Textron Tex lilil ToddShpyd Transco UnCarbide UOilCal Uniroyal US Steel WestrnCo \VeslrnUn Wstnghse WooUvorth Xerox Zales Zenith R 26^4 31 J < H',3 10 2$'j 57' 19 28^ 23-, 43'; 37'.-.. 29', 33' < 50' 4 29^ 48 25 35' ( 61 63^, 35' 4 43' 4 22-, 9-\ 25 35^ 52 31\ 22S. 44 ; » 31'-. 24^4 37'; B'-x 2K 30% »'.„ 26',, 39'* 52' 4 26' B 35 19' 4 2K 55'* 20' 4 Hughes Too) IBM Itil Harv Int Nickel Int Paper IntT&T John Manv Kaiser Aim Kennecott U)CAL INTEREST (Tbe following quotations, supplied by Rota) Mosle, Inc., are on stocks of particular local area interest because of the nature of the organization or the fact it is locally connected through holdings or operations In this area.) Bid Am Ind Fncl 17\ AmNllFncl Anheusr Busch Anico Growth Anico Income ContlTelUll Conn Gen ins Falslalf GrtSthrn Mitch Energy NatlWLife PenzOfshr Stewart Inlor Stc'Art & Slev ISNallBcsh Wemgarten 13'i 24'* 3.85 13.59 W- t .Wi Asked 17s, •i.21 14.85 44 21 '\ H 12 •. 29' i 19 W',4 2'A 44-4 30'a IS'.-, fr. hunting in the wake of the Dow average's 50.58-point slide the seven sessions prior to Thursday. The government sparked some late buying when it reported a 7.6percent surge in August durable goods orders, the largest since December, 1970. The Fed restrained investors when it hiked the discount rate for member banks \k point to 8 percent because revised figures showed the nation's money supply growth rate sharply exceeded its targets. The NYSE index edged ahead 0.01 to 57.37 and the price of a share added 1 cent. Standard & Poor's 500-stock index eased 0.06 to 101.84. Advances edged declines by an 7-to-G margin among the 1,882 issues traded. Composite volume of NYSE issues listed on all U.S. exchanges and over the counter totaled 31,576,680 shares, compared with 36,939,100 Thursday. The American Stock Exchange index rose 0.80 to 167.28 and the price of a share added 6 cents. The National Association of Securities Dealers NASDAQ index of OTC stocks gained 0.20 to 132.30. Kamada Inns was the most active NYSE-listed issue, up :l w to 13 ? H. Ken- necott was the second most active NYSE issue, up '« to 27 7 k. Pan American World Airways was the third mosl active issue, up \<* to 8 •"•*. On the Amex, advances topped declines by a 3-to-2 margin among the 909 issues traded. Composite volume totaled 4,677,975 shares, compared with 5,080,050 Thursday. Instrument Systems was the most active Amex issue, unchanged at l •'•«. Resorts International A when-issued slock was the second most active issue, off Into 47 VK. Allied Artists was the third most active issue, up',ti to G. In OTC trading, advances edged declines, 465 to 410, among the 2,523 issues traded. Cotton— Grain Statement Tfitl Day Thli Wtrk 1122ns RtctiMi Oth«r Port* Total Thli Staion Last EXPORTS f Fonien) Gnat Britain franct ContIntnt Africa S. Ame ric a Middle East 100 Orient Jf-'JLVt. .. sq, Viy. Total roroen JAOSA. (Domestic) By Container By Rail By Truck Dei troy< a By Fire 5,756 5.756 36.319 1,433 4.433 33.936 30.369 16 0,535 4.410 ISO ' 7 TOTAL EXPORTS 1 °_'_ 2 _ 0 _ 5 __ ffj*. _ . Galveston Stock Statement 131.052 TOTAL BALES Thl» 373 Day 125 Last rear 133,373 This report provided through Exchange and Board of Trade. the courtesy of the Galveston Cotton The White House released a series of letters exchanged by the United States, Egypt and Israel on three major issues — the status of Jerusalem, the removal of Jewish settlements in the Sinai Desert and the definition of "Palestinians." The nine letters, which accompany the peace plan announced last Sunday at the end of the 13-day summit, pointed up wide- divisions on the status of the holy city — considered the toughest issue in dispute. "The government of Israel decreed in July 1967 that Jerusalem is one city indivisible, the capital of the state of Israel," Israeli Prime Minister Menachem Begin said in his letter on the subject. But Egyptian President Anwar Sadat insisted "Arab Jerusalem is an integral part of the West Bank" and "should be under Arab sovereignty." President Carter reiterated America's refusal to recognize the Jewish state's unilateral annexation of the former Jordanian eastern half of the once-divided city. Israel captured East Jerusalem and the rest of the West Bank from Jordan in six days of lightning warfare that also left the Jewish state in control of Syria's Golan Heights as well as Egypt's Sinai Pensinsula and Gaza Strip. In his letter. Sadat said Egypt is prepared to assume the Arab role — "in consultation with Jordan and the Palestinians" — "in order to safeguard the legitimate rights of the Palestinian people." Hussein's government has expressed serious reservations about the Camp David accords, which call for Israel and Jordan to supervise five years of interim self-rule for the 600,000 Palestinians on the West Bank. Begin's letter on the question of Sinai settlements said he would ask the Israeli parliament to vote en the issue within two weeks. But Sadat's letter said Egypt would consider the entire Camp David framework "void and invalid" if Israel "fails to meet this commitment" to abandon the Jewish settlements in Sinai. A letter by Carter acknowledged Begin's reservations about some terms used in the framework for peace to describe the Palestinians and the West Bank. The only letters still to be released concern a freeze on Jewish settlements on the West Bank and a U.S. promise to build two military airfields in Israel's Negev Desert to replace three to be abandoned in the Sinai. At a follow-up briefing, an administration official predicted Israel would come around to accepting the U.S. interpretation of the accords as providing a five-year freeze on West Bank settlements. "We expect to have a common point of view," he said. "I do not anticipate there will be a divergent point of view. I expect we will have a-common understanding." OLD Time BARGAIN DAYS JHURSDA V, FRIDA V and SA WRDA Y 0 THE GENEROSITY AND ENTHUSIASM of the employees of Houston Light and Power Company has made them first this year to receive the United Way of Galveston award for 100% fair share participation. They have led the way in winning this award for several years. Representing the employees in accepting their award, are, from left, front row, Anne Ramsey, Vincent Sorrentino, W. Woznaik and Ira Jones; back row, Garland New and Kathy Price. ON EVERY PAIR OF SHOES and HANDBAGS IN OUR STORE ALL CURRENT SEASON STYLES and COLORS Sale includes these famous brands: Naturolizer, Mezzo Foot- works, Sbicco, Stanley Phillipson, Johansen, Lawrence Wagger, Risque, Merry Mules, ond others. „. USt YOU! •ANKAMM1CARD, MASTIX CHAROt, Ot CLARK'S OWN CH AMI KAN. Shoes 3711 CINTIAl PIAZA, DOWNTOWN OAlVtSTON Birth Given To Sextuplets GUATEMALA CITY (UP1J — A young Indian woman gave birth to sextuplets underneath a bus that made an emergency stop on a rural highway in western Guatemala, hospital officials reported Thursday, The sextuplets — five boys and a girl — were reported in good condition at a Guatemala City hospital. The mother, identified as 22-year-old Quich Indian Maria Ixcoy, was riding in the bus with her husband, Pascual Andres, Ixcoy on a highway 147 miles outside Guatemala City Thursday when labor pains began, she told hospital attendants. The bus pulled alongside the road and she was helped underneath it -- the only spot shaded from the boiling summer sun, said Rosa Valdez, who acted as midwife. The first baby was a boy, followed by three more boys, then a girl and finally a boy, the midwife said. The births continued past sunset Thursday and into the early Friday morning hours. Her husband said the sextuplets were his wife's first children. But he protested when they were taken along with their mother to a hospital, saying he preferred to continue the journey home. "She's very strong," he said. "I want to go back to our hometown." The couple was returning from a season of picking cotton on Guatemala's west coast to El Quiche province, a predominantly Indian-populated region in central Guatemala. The midwife, who was summoned from a nearby farm, said the man paid her with the only money he had — about $5. Guatemala City newspapers said it was the first time sextuplets had been born in the Kentucky- sized Central American nations. It was not immediately known if the woman had taken fertility drugs. Carter Goes Barnstorming ASHEV1LLE, N.C. (UPI) — President Carter went barnstorming through North and South Carolina Friday, praising his own programs while pumping for two Democratic Senate candidates -in uphill races against Republican incumbents. Light rain fell as Carter landed in North Carolina and told an airport crowd about how his administration helped provide Americans with G million new jobs and moved forward in foreign affairs with the Camp David summit and the Panama Canal treaties. Referring to the treaties, Carter said, "Sometime this has been unpopular, even with some of you." But, he said, as a result there is a "new spirit in Latin America." Joking about the summit conference that lasted 13/ days, Carter said he wasn't the only one who wanted to end the talks. "The last day when everything seemed to be going wrong Prime Minister Begin came to me and said 'Mr. President, I promise Israel will get out of the Sinai if you will let me out of Camp David.'" Carter and the crowd laughed together. In Asheville, Carter came to stump for Senate candidate John Ingram at a lavish turn of the century retreat build by the grandson of Commodore Cornelious Vanderbilt. Igram is the state insurance commissioner. Later, he moves to Columbia, S.C., to support senatorial nominee Charles D. Ravenel by attending a fund-raising dinner. Ingram is challenging conservative GOP Sen. Jesse Helms and Ravenel is trying to unseat veteran Sen. Strom Thurmond. Both Democrats are considered underdogs. The Asheville visit, including an airport rally for Rep. Lamar Gudger, was aimed at building up the Democratic campaign chests through the $500-a- person reception at the Biltmore Estate, an 11,000 acre spread. Carter's trip was delayed one week by the Camp David summit talks, the outcome of which has strengthened the president's own political stock. In the afternoon before departing, Carter met with visiting editors and said his series of interviews with out-of-town groups have been "helpful" because the visitors are able to report "in more depth ... and clearer, better than the White House newspeople." He also told the gathering "we've enjoyed the responsibility the American people have given us. We have had a good sound family life. Rosalynn and I have a good partnership." Carter's schedule on Saturday calls for him to fly to Pittsburgh and then participate in a town hall meeting at suburban AHquippa High School. The president then attends a reception for Gene Atkinson, a Democratic congressional candidate, before flying to Columbus, Ohio. After taking part in a dedication ceremony at a plaza, Carter will be priniciple speaker at a Jefferson-Jackson Day fund-raising party at the Ohio State Fairgrounds. Earlier in the week, Carter campaigned in New Jersey for Democratic Senate candidate Bill Bradley. Busy deans COLUMBIA, Mo. (UPI) — Deans of colleges in the Big Eight universities average nearly 30 published articles or papers presented at professional meetings a year, according to the University of Missouri, and 13 percent have written at least two books. Health insurance For prtion to pe/ion health tni<jr«nce calf- IH. FREUDENBURG, Ciu IPH: 744-7111 832 AW. S. fashions ^t Old-fashioned | prices ^rom Jtindajjtrazy Are we nuts to sell for less? Not really All it takes is smart buying from well known manufacturers who have overproduced, or. are closing out their first quality garments . .. some with original labels, some without... never stale, always in fashion. Thts, along with manufacturers'samples, enables us to have some fashions even before their arrival at major stores. If you don t think that's crazy enough, individual dressing rooms, /ayaways, an exchange policy, and Visa or Master Charge will have you committedl Now. tnat's KINDA KRAZY! Old Fashioned Days Sale All Jackets Values to $38.00 Now $7.99 All Pants Values to $23.00 Wow $5.99 All Skirts Values to $29.00 Now $4.99 All Blouses Values to $22.00 Now $3.99 All Tops Values to $16.00 Now $2.99 2112 Central Plaza • Galveston 762-9338

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