The Minneapolis Star from Minneapolis, Minnesota • Page 30

IBimami Portfolio the minneapolis star 10B July 26, 1978 Notes withheld Reporter's sentence going to top court f1 ordered Farber held In jail until he turned over his notes. The reporter also was sentenced to six months in jail to be served after he complied with the court order. A three-judge appellate panel In Newark, however, unanimously blocked the criminal penalties of six months in jail and a $1,000 fine against Farber and a $100,000 fine against the Times. The panel refused to stay the civil penalties Trautwein handed out, which forces the reporter to stay in prison until he agrees to submit his material, and which fines the Times $5,000 for each day the notes are not turned over to the judge. Pashman, however, did stay those penalties.

A I fx I J'--rn TRENTON, N.J. (LPD The New York Times says It will appeal a New Jersey Supreme Court decision upholding a reporter's prison sentence for refusing to hand over his notes in the case of a doctor charged with murder. The state's high court ruled 5 to 1 yesterday against reporter Myron Farber and the Times. Only Justice Morris Pashman dissented from the majority. But Farber was allowed to remain free pending an appeal to the U.S.

Supreme Court. The state high court gave Farber and the Times until noon Friday to file the appeal. FARBER'S NOTES are wanted by the defense in the trial of 51-year-old Dr. Mario Jascalevich of Englewood Cliffs, charged with killing five patients at Riverdell Hospital In Oradell, N.J., in 1965 and 1966 with lethal injections of curare, a muscle relaxant. Farber's articles on the mysterious deaths of 13 patients at the hospital led to Jascalevich's indictment.

Farber spent seven hours in jail Monday before he was allowed out by Justice Pashman pending the high court's ruling. Earlier Monday, Bergen County Court Judge Theodore Trautwein One Coat Coverage Long Lasting Colorfast SALE United Press International SUMMIT WAS SUCCESSFUL' Japan's Prime Minister Takeo Fukuda said yesterday that the recent economic summit in Bonn "was a success," but that Japan's huge trade surplus remains a "headache" for his government as it tries to achieve a 7-percent economic growth rate. Fukuda was speaking at the Japan National Press Club in Tokyo. People TORO CO. Chairman and Chief Executive Officer David McLaughlin was elected president of the Outdoor Power Equipment Institute, a Washington D.C.

-based trade group representing 64 McLaughlin firms W. Harry Davis, assistant vice-president for public affairs for the Minneapolis Star and Tribune Company, was named chairman of the government division for the United Way of Minneapolis Area's fall campaign. Around Minnesota SPERRY RAND Corporation's chairman and chief executive officer has disputed President Carter's contention that a computer Univac wanted to sell to the Soviet news agency Tass was "far In excess" of what Tass needed. J. Paul Lyet said before yesterday's annual meeting that Carter apparently was "misinformed" about the $7-million system, which was to have been used in reporting the 1980 Moscow Olympics.

Carter vetoed the sale of the computer, which was to have been produced in the Twin Cities. Lyet said further presidential interference in computer sales to Russia could force Sperry to consider pulling out of the Soviet market. INTERNATIONAL Multifoods Corp. said second-quarter and first-half profits will be lower than those for the same periods a year ago but third-quarter earnings should be up over last year's. The first half ends Aug.

31. Chairman William Phillips told securities analysts in Los Angeles that "poor margins in meat, flour and commercial eggs will combine for lower first-half earnings, despite excellent volume gains in consumer and fast-food operations." Earnings for the first quarter of 1978 were 38 cents a share, down from SI cents for the same period last year. NORTHWEST AIRLINES negotiators met with former U.S. labor secretary William Usery for more than 30 hours over the weekend and on Monday, but failed to move closer to a settlement with striking pilots. Usery, whom the pilots have picked as their spokesman, returned to Washington, D.C, yesterday.

"The negotations remain deadlocked on the same critical issues that have separated the parties since the strike began" on April 29, Northwest said. Those issues include wages, pensions, union security and seniority, the airline said. No further talks have been scheduled. The developments failed to rattle investors, however. Northwest stock jumped $1,625 a share on the New York Stock Exchange yesterday, as airline-industry issues surged.

A HONEYWELL INC. subsidiary in West Germany was awarded a contract to produce high-performance infrared scanning systems for the West German air force. Most of the production work will be done by a Honeywell subsidiary in Lexington, with the rest to be handled by a subsidiary in Offenbach, Germany. The contract is for 91 infrared systems that Honeywell developed for the U.S. Air Force.

The systems, which provide high-resolution imagery on film for evaluation by photo interpreters, will be used for day and night reconnaissance. MINNESOTA MINING and Manufacturing Co. is terminating an agreement to buy a one-third interest in International Memories Cupertino, Calif. 3M was to have Invested about $2.5 million in the year-old firm, which manufactures disk drives for computers. Concluding the agreement under its original terms was "not in the respective interests" of either company, 3M said.

The decision reportedly came soon after the ouster of International Memories' president, David Britton, by the California firm's board of directors. Britton was said to have played a key role in negotiating the agreement with 3M. CONTRACT AWARDS for heavy construction projects in Minnesota jumped 55 percent in June, to $117.8 million, compared with the same month last year. Construction Bulletin, a Minneapolis-based publication, reported that the state's cumulative total of contracts for roads, streets, bridges, sewers, dams and other large projects was $535.6 million for the first six months of 1978, an Increase of 8 percent from the year-ago period. MIDLAND Cooperatives Inc.

broke ground for a headquarters building in Columbia Heights. The three-story facility, being built on an 8-acre site, will allow consolidation of administrative, warehouse and distribution operations in Minneapolis and Fridley. Adolfson and Peterson Inc. is the designer and general contractor for the project. Completion is expected in the fall of 1979.

Davis CONSTRUCTION will begin next month on a distribution center in Williston, N.D., for CENEX, the St. Paul-based agricultural supply cooperative. CENEX will close branches in Great Falls, and Bismark and Minot, N.D., after the new facility begins operating in April. CONTECH INC. sold its Omaha distribution outlet to Mid-States Construction Products Inc.

for an undisclosed amount. Contech, an Edina-based manufacturer of construction products, sold its Sioux City outlet in May. The two centers constituted the company's Lakes Division, which accounted for about 10 percent of total sales and a smaller percentage of profits. The firm said the disposal of the division "frees up approximately $900,000 of working capital for use in the faster-growing divisions of the company." IN A MOVE aimed at lowering costs and raising trading volume, the Minneapolis Grain Exchange and the Board of Trade Clearing Corp. In Chicago will cut the margin requirement on wheat trades involving both markets.

"Margin" in the commodities business means a performance bond put up by buyers and sellers. A total of 27 cents a bushel is required as margin on wheat futures contracts that are bought on one exchange and sold on the other. That will be cut to 10 cents a bushel beginning Aug. 1. The exchanges called the agreement a "landmark" and "the first of its kind in commodity trading." ECON a Seattle-based national carpet-cleaning chain, closed its three Twin Cities offices.

The closings, which put about 80 local employees out of work, stem from an IRS action against the company for nonpayment of back taxes. The local outlets were Econ Carpet Cleaning 23192 Hennepin; Washington Steam Cleaning, 1950 University Aw, and a service office at 2022 Marshall St. Paul. Earnings reports CARDIAC PACEMAKERS INC. (Pacemaker maker) 2nd qtr.

ended Juiv 30, 1978 1977 Sales $12,473,140 $7,096,983 Profit 1,755,899 997,812 Margin 14 14 Per share 65 cents 37 rents DATA CARD CORP. (Credit card machinery maker) 1st qtr. ended June 30, (In thousands) 1978 1977' Revenues $9,901 $6,304 Profit 628 261 Margin 6.3 4.1 Per share 24 cents 10 cents 'Quarter ended June 25. COMTEN INC. (Computer equipment maker) 2nd qtr.

ended June 30, (In thousands) 1978 1977 Revenues $12,767 $8,255 Profit 1,481 494" Per share 53 cents 19 cents' Includes extraordinary gain from tax-loss carryforwards of $459,000, or 16 cents a share. "Includes extraordinary gain from lax-loss carryforwards of $148,000, or 5 cents a share. DYNAMIC HOMES INC. (Prefabricated homes maker) 2nd qtr. ended June 30, 1978 Sales $5,316,200 $4,225,800 Profit 304.900 251,100 Margin 5.7 5.9 Per share 31 cents 26 cents ORACO INC.

(Fluid handling equipment maker) 2nd qtr. ended June 30, (In thousands) 1978 1977 Sales $26,461 $20,780 Profit 2,838 2,320" Per share $1.20 98 cents" 'Pretax Income included an exchange gain cf SI 40,000 in the recent second quarter and an exchange loss of $49,000 in the year-ago period. "Includes earnings from discontinued operations of $112,000, or 5 cents a share. McQUAY-PERFEX INC. (Heat transfer equipment maker) 2nd qtr.

ended June 30, 1978 1977 Sales $54,300,000 $45,800,000 Profit 2,567,426 2,524,803 Margin 4.7 5.5 Per share $1.05 $1.04 MID AMERICA BANCORPORATION INC. (Bank holding company) 2nd qtr. ended June 30, (In thousands) 1978 1977 Revenues $3,402,000 $2,917,000 Profit 301,000 233,000" Margin 8.8 8 Per share 36 rents 27 cents After loss from securities transactions of $3,000. "After gain from securities transactions of $2,000. NASH FINCH CO.

(Food retailer) 2nd qtr. ended June 17, 1978 1977 Revenues $174,363,761 $134,747,831 Profit 1,994,367 2,218,873 Margin 1.1 1.4 Per share 56 cents 63 cents PEERLESS CHAIN CO. (Chain maker) 1st qtr. ended June 30, 1978 1977 Sales $5,953,203 $4,674,977 Profit 598,095 417,618 Margin 10 8.9 Per share 58 renis 40 cents STERNER LIGHTING SYSTEMS INC. (Lighting equipment maker) 2nd qtr.

ended June 30, 1978 1977 Sales $4,590,400 $3,636,500 Profit (Loss) 83,000 (52,400) Per share (Loss) 7 cents (Scents) 'Includes extraordinary gain from tax-loss carryforwards of $16,300, or 2 rents a share. Classic 99, Our finest flat latex wall paint Rain gets to Gambia with 'Miss Lillian' BANJUL, Gambia (IPD President Carter's mother, "Miss Lillian" Carter, came to Gambia to inspect the drought, but it seems she brought rain instead. It rained lightly shortly after she arrived from Morocco Monday. Part of her tour yesterday had to be canceled because of the heaviest shower in years. Flat or Gloss a gal.

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