Arizona Republic from Phoenix, Arizona on March 30, 1968 · Page 57
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March 30, 1968

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Arizona Republic from Phoenix, Arizona · Page 57

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Phoenix, Arizona
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Saturday, March 30, 1968
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odities Pboeolt, Sat., March 30, UM 3t Grains, Soys Decline In Slow Trade Week CHICAGO (AP)--SoybeaiW and grain futures prices declined on the Chicago Board of Trade this week under progressive liquidation that was seldom sidetracked by any sustained buy* ing power. Volume of trade for the week was relatively small and prices moved within a fairly ftarrow range. These two factors probably were instrumental in the apparent nervous and irregular fluctuations of fractions. The trade appeared cautious concerning the international gold market problems, the Stockholm monetary conference over the weekend, reported peace moves over the war in Vietnam and the resumption of gold trade in London. Wheat, corn and soybeans prices moved within a range ol Livestock FurnUhed by U.S. Division of Agriculture Livestock Division Market News service PHOENIX - Demi- earjy trade, for slaughter nand only fair In the .. — ... jlaughter steers am heifers but Improved fatet buyers were bearish throughout but prices slaughter steers and heifers closed mostly steady with Instances weak to 25 cents lower; slaughter calve* 25 cents higher. Bulk of sales made late Tuesday and Wednesday with buyers early reslstlns current prices because of a slow am weak dressed meat trade; however available supply, of Choice slaughter steers limited and held In rather strong hands. First contracts of yearling feeder cattle for spring -delivery reported out of Glla County, although sales made few weeks ago. . Near 20 per cent of slaughter steers for future delivery; about one-third 01 slaughter cattle went to Arizona packers with balance mainly to I he west coasi except for few loads heifers to Texas. Direct trade on slaughter soring lambs got underway again at fully steady prices after several weeks pause with near 85 per cent of crop now contracted. .Confirmed sales Included 6,825 slaugh ter steers, 400 slaughter heifers and 400 slaughter calvas compared with 4,500-250925 last week and 6,100-335-0 last year. KANSAS CITY (AP) — Cattle 300) calves none; not enough of any one class on offer for adequate price test. Hogs 3,000; barrows and gilts fully steady; 1-2, 200-240 Ibs 19.25-50; 220 Ibs 19.75; 1-3, 230-260 Ibs 18.75-19.25) 2-3 260-280 Ibs 18.00-19.00; 2-3, 280-310 Ibs 17.50-18.00; sows uneven, weights under 500 Ibs steady) heavier weights steady to 25 lower; 15.00-17.00. 3, 600-700 Ibs 14.00-15.00. Sheep none; nothing on offer. CHICAGO (AP) - Butcher hog and slaughter lamb prices advanced at the Chicapo Stockyards last week, but slaughter sfeers closed steady while slaughter heifers were mostly 25 cents a hundredweight lower. Butcher hoos advanced 25 cents and slaughter lambs were fully 50 cents high- Hog receipts at Chicago totaled 27,200 for the week, compared with 24,2CO the previous week and 26,600 for the same week in 1967. At the 12 major livestock markets, hog receipts last week totaled 273,000, compared with 267,000 the pre vious week and 277,800 B year ago. Mixed 1-2 butchers weiphing 190 to 235 pounds brought 19.25 lo 20.00, but around 200 head of 200 to 220-pound kinds sold at 20.25 to 20.35, and 61 head topped at 20.50. Mixed l-3s weighing 220 to 250 pounds sold at 19.00 to 19.50, and 2-3s weighing 220 to 270 pounds went at 18.50 to 19.50. Mixed 1-3 sows scaling 330 to 500 pounds sold at 16.25 to 17.75. Chicago cattle receipts for the week totaled 22,500 head, compared with 21,800 the previous week and 22,300 a year ago. At the 12 markets, cattle last week totaled 168,700, compared with 155,800 the previous v/eek and 169,200 for the same week' in 1967. Prime slaughter steers welghlno 1,200 to 1,350 pounds sold at 29.50 to 30:25, but two loads of 1,275 to 1,325 pound kinds brought 30.50. High-choice and prime 1,150 to 1,400-pound kinds sold at 28.50 to 29.75; and choice 950 to 1,350-pound sorts brought 27.25 to 23.75, while mixed good and choice went at 26.25 to 27.25. Mixed choice and prime slaughter heifers scaling 950 to 1,030 pounds brought 27.00 to 27.25, and choice 900 to 1,050 pound kinds brought 26.00 to 27.00. Sheep receipts totaled 1,100 head at Chi cago last week, compared with 300 head the previous week and 2,400 a year aqo. At the 12 ma lor markets, sheep receopts totaled 27,900 last week, compared with 76,400 the previous week and 30,600 a year ago. Choice and prime wooled slaughter lambs scaling 90 to 112 pounds sold at 27.00 to 27.50 with a couple of lots of high- choice and prime 81 to 98 pound weights bringing 28.00. Commodity Futures CHICAGO (AP) — Futures trading on the Chicago Mercantile Exchange; Siles High Low Close Live Beef Cattle 275 27.10 26.97 27.07 350 26.47 26.37 26.40 " 26.12 "~ 26.15 26.12 26.05 April June July August. September October November December ._ February , 6 , 26.20 Western LI - 22 273 '1 12 26.10 26.05 26.02 25.95 26.10 April June August September October November December July . August September October November December Aorll May June July August September October July May July August 26.07 26.15 v» Beef Cattle 25.75 25,75 0 0 0 0 0 Shell ES9S 0° 94 38.25 37.70 4 37.80 37.70 18 38.60B 38.25 1 37.55B 37.50 Live Hots " 19.37 20.90 21.95 22.15 21.82 19 11 26 Frown 0 Frozen Tom Turkeys Frozen Perk Bellies 3394 37.10 36.10 2939 37.30 36.40 1055 36.50 35.80 19.22 20.75 21.80 22.00 21.82 20.55 hole Eggs 26.12 26.10 26.12 26.05 26.00 N 26.10 24.20 26.25 N 27.25 N 26.50 N 26.00 N 25.75 25.75 N 26.50 N 35.00 N 36.90 N 38.25 37.80 38.60 37.50 19.35 20.80 B 21.95 22.15 21.82 20.65 24.70 N 31.75N 37.10 37.30 36.50 , Open Interest: March 19; May 5,188; July 4,951; Ausust 2,065. B-bld; A-offered; N-nomlnal. Corporation Earnings NEW YORK (API-Sterling Drug Inc., a diversified drug manufacturer, reported record sales and earnings both domes- ticaliy and abroad In Its annual report. The report also noted -that the company had submitted a new drug application to the U.S. Food and Drug Administration for Talwln, which the company claims Is a non-narcotic analgesic In the morphine ranne of potency, In table! form. The inlectable form of Talwln, the brand, name of Pentazoclne, has already been Introduced In the United States and other countries, the report said. Sterling Drug's net Income In 1967, as announced previously, was S44,160,000 or $1.77 a share, compared with $40,365,000 or $1.62 a share In 1966. Sales rose to $448,924,000 from $417,313,000 In 19««° YORK (AP) - rnlngs for the nil NEW Feb. M were Camp, Inc. The Indjgi cessor was Improved sales j nine month* ended reported by St«kely-Van id earnlns :b. M v* imp, Inc. The Indianapolis, Ind., basad food pro- ssor said net income for tha period was $5,755,000, or »1.7§ a share, compared with $5,134,000, or $1.55 « share, n sales $174,938,000 were $178,458,000 respectively. Aberdeen Manufacturing Corp. (turn! ture) for year ended Dec. 30: Net income $192,265 891,638 A share 32 cents 1.5C Sa i e ,* t = .u 35'«*W, 33,454,775 Rlchman Brothers Co., for 12 months ended Jan. 31: l»6» 1967 Net income $3,896,000 3,409,000 A share 4.15 3.64 Sales 90,133,000 75,899,000 Old Town Corp., for the year ended Dec, 31: Net income $3,077 123,066 A shari 6 cents Sales 6,846,923 6,924,06! Rawhide NEW YORK closed I higher:, jg Spot I 9ht native' rf-nomlnal; |-pioL 2% cents, while oats and rye ranged over about 2 cents. Soybean oil had a range of 7 to 12 points and soybean meal 15 to 70 points. Since last November when the attack on the U.S. dollar and British pound sterling got underway in foreign gold markets, commodities have been unusually reactive to changes. During the week, because gold transactions were on the light side, prices of commodities in Chicago showed some indifference to international events. Even yesterday when trade sources reported that the Johnson administration was considering a 30-day pause in the bombing of North Vietnam, there was only an advance of some % to % cent. This later dissipated under profit taking and prices closed at their lowest of the day. Previous Open High Low, Close Close WHEAT May Jul Sep £ftN ftl V Sep Dec ttfl 1.48% 1.51% 1.55 1.61 1.21V4 1.24% 1.27V* :&/, \T m 1:88 .551/2 1.54% 1.54% 1.55 .61'A 1.60% 1.601/2 1.60 7 /a 1.21Ve .21'/2 1.21 1.21 .25 1.24V2-1.24'/j 1.24% - .27Vi 1.26% 1.26% 1.27 1.27% 1.28 1.27V2 1.27'/2 1.27% 1.31% 1.31% 1.31V2 1.31V2 1.31% 78% 74% 73% 75% 1.20 78% 74% 77% 73% 72% 747'a 77% 78% 73% 74'/2 72% 73% 74% 75% 1.20VI 1.20 1.20'/a 1.20 1.221/2 1.22% 1.22'/2 1.22V2 1.22'/2 .. 1.24'An 1.241/4 J.28% 1.28V2 1.28 1.281/4 1.28V4 2.73% 2.73% 2.73 2.73 2.73'/2 2.76% 2.76% 2.761/4 2.76'/4 2.76% 2.76'A 2.77 2.76% 2.76'/2 2.76% 2.69% 2.70'A 2.69% 2.«9% 2.70 2.67% 2.68 2.67Vj 2.67% 2.67% M. Ju .,ay _ul Aug Sep Oct Dec Jan 8.59 8.69 8.73 8.74 8.60 8.6' 8.6 8.61 8.71 8.74 8.74 8.61 8.65 8.69 SOYBEAN MEAL May 74.70 74.70 Jul 75.80 75.85 Aug 75.90 75.90 8.59 8.63 8.73 8.74 8.60 8.64 8.68 74.45 75.65 75.70 Sep 74.45 74.45 74.35 8.61 8.71 8.74 8.74 8.61 8,«5a 8.70a 74.45 75.70 75.75 74.458 8.61 8.72 8.75 8.75 8.63 8.67a 8.71a 74.85 76.00 76.05 74.60a . . . . . Oct 73.50 73.55. 73.50 73.55 73.60a Dec 73.40 73.40 73.35 73.40a 73.45a 73.453 Jan .. 73.40a CHOICE STEERS Apr 27.20 27.25 27.17 27.17 27.15 Jun 26.42 26.52 26.42 26.47 26.47a Aug 26.25 26.25 26.22 26.22 25.17 Oct 26.22 26.25 26.20 26.20 26.15a Dec 26.47 26.47 26.40 26.40 26.45 Feb 26.60 26.62 26.55 26.SO 26.60a Apr '69 .. ... 26.973 26.95 b-BId; a-asked; n-nominal. CASH GRAIN: Wheat No. 2 hard 1.56%N.- No. 2 soft red 1.48%N. Corn No. 2 yellow 1.19V4; No. 3 yellow 1.16%; No. 4 yellow 1.10-16: No. 5 yellow 9BVi-l.ll'A. Oats No. 2 heavy white 79-80N. Soybeans No. 1 yellow 2.70V2N. Soybean oil 8.80N. Investment Trusts Am Or ft Am Inv Am Mut Am Pac ASSO.Fd ._.... Axe Houghton Fund B 1.5 „ Ifu b e 5 ° 'Rid road st ullock ;an Gen i Fd v.dn ro m® _ imna Fund's iSBWtf !«yB> i£.j „ tock 9.79 10.70 Cwlth A&B 1.57 .. .. Cwlth C&D 1.76 .. Comp Bd 10.3011.20 Comp Fd 10.9311.88 Conccord 19.9019.90 Cons Inv 12.001237 Consm Inv 4«4 507 conv sec 98.610,78 Corp Ld 15.83 V.34 entry Cap 11.90 12.87 deVegh M 69.87 69.87 Decat Inc 12.7513.93 Dela Fd Dlv Or B v Inv ivld Shr DowTh In Drexel Dreyfus . Eatn Bal Eatn Stic Eberst § mp| Gr nergy Entprlse Eqult Fd 14.71 l6:b§ .7815.1C 13.7L 9.18 10.06 3.65 4.00 ill '" 1J.'70 m..... 7.65 8.36 ..... . - 10.1510.97 quit Gtfl 15.6917.19 xplor 24.42 25.98 Ir"' " 1.2 _.5L 14.90 1.84 6. " ill! Fairfd 12.91 14.1 Frm'~BAAu '"uhava'll Fed Grth 14.32 15.65 Fid Cap 13.6314.K Fid Fund 17.3418.75 Fid Trnd 27.6430.07 Financial Progrm: Dynm 6.62 6.59 Incom Indust Fst InGfh 9.00 Fst InStk 10.161 Fletcher Fla Gth Fnd Lf Founders "oursa 6.69 7.3L 5.08 5.57 ' : ;'.86 611.13 15.22 . 6.89 7.53 4.52 4.94 8.15 8.91 Foursa J3.21 14.44 Franklin Custdn: Com Stk 6.77 7.42 Incom 2.54 2.78 Utll 4.67 7.31 Fund Am 10.09 11.03 Fund Inv 10.52 11.53 Gen Invest 6.79 7.36 Gen Sec 11.4611.46 Group Sec: Aero Sc 9.7810.69 " 13.0214.23 8.96 9.80 21.3822.02 17.9919.66 26.34 26.34 Com St Ful Ad Grth Ind rsryphon Guardn Ham hda Hrtwl H Mann Hubs Fd Imp Cap Imp Gth !nc Fnd Inc FdB Indeond . 5.15 5.63 15.32 15.32 14.5615.16 10.80 10.80 9.81 10.66 7.63 8.29 12.63 13.81 7.46 8.15 10.7811.78 Ind Trend 14.21 15.53 Ind Fund 7.03 7.68 InsBk Stk 4.95 5.41 Inv CoAm 13.32 14.5* Inves Bos 12.6013.77 Invest Grouo: Mut 10.8511.80 tram s oay cs rns: Canad 32.62 32.6$ SF MH lanntn . ; 0.16 J.04 Incom Stock .... ..~ Grwth 11.4612.5! NEA MUt 11.0611.29 10.4011.24 24.01 24.01 12.70 13.88 N ™. . i»l ew Eng Ho New Hor New Wld IX One WrnS is!? ppen Fd MM ne St Pioneer PrM Provldnt Puritan 11.3511.35 12.65 13.8: 12,70 13.88 22.49 22.49 Putnam Funds Eqult . 5.88 1.68 1 .5i 12.05 14.62 15.98 11.9513.06 8.63 9.43 7.39 8.08 5.71 6.2^ 14.1415.45 2 e ST B Grth Incom Invest Rep Tech Revere Scudder Funds. Bal 15.9015.90 Com St 10.88 10.8( Intl Inv 14.3214.57 Spec! 36.52 36.52 Sec DIV 12.9313.98 Sec Equtt 16.0317.52 Sec Inv 7.81 8.5' Selec Am 10.7611.6! Shrhold 12.0613.1! Sigma 9.01 9.85 Sw Invest 9.03 9.7( Sover Inv 14.7416.1/ State St 46.9847.37 Steadman Fds: Am Ind 11.9913.10 Flduc 8.11 8.8< Sclen 6.73 7.36 Stefn Roe Funds: Bal. 20.07 20.07 Stock Intl Sterl Inv Sup InGth 3eachrs rechnol Geachrs I school t Temp Gt 16.87 18 13.40 13.40 14.92 14.92 12.39 13.4C •'•?«;«•»« ?.r- 3 ' . 5.65 5.69 8.26 Texas Fd 11.00 TwenC Gth 5.17 TwenC Inc'5.21 United Funds: Accm 7.56 — Incom 13.5514.81 Sclen 8.69 9.50 UnFd Can 6.17 6.74 Value Line Funds: Val Lin 8.30 9.10 ffi i:3 4.31 4.71 5.39 5.86 6.78 7.37 11.4512.51 12.6613.8-1 12.32 13.39 7.87 8.61 14.12 19.42 12.n? 13.1<f 7.27 7.95 Incom Spl Sit Vanqd Var IndPI Viklnq llSf WallSf In Wash Mu Well Fd West Ind Whitehll Wlnfield Wlscon Worth . . 4.80 5.23 New York Wool NEW YORK (AP)—Wool tutures were slightly lower yesterday. Wool tops futures were quiet. Wool futures closed .1 of a cent lower December (1968) 120.7B; July (1969) 121.7B. Certificated wool spot 117.0N. Wool tops futures closed quiet, no sales. Certlticated spot wool tops 162.5N. B-bld; N-nomlnal. New York Potatoes Hlsh Low Close Sales April 1.67 1.61 l.«l 217 May 2.27 2.18 2.18 1,735 November 2.34 2.32 2.33 22 March 2.70 2.68 2.68 43 Bank and Trust Stock NEW YORK (AP) — The following bid and asked quotations, supplied by the National Association of Securities Dealers, Inc., are not actual transactions but are representative inter- dealer prices, as ot approximately 3pm., at which these securities could have been purchases (asked) or sold (bid). Interdealer mar- Kets change throughout the day. Prices do not include etail markup/ or commission. Bank S. BkAmNTiSA Bk of NY BTNY Cp Charter NY Chem Bk NYTr Cont III Chi. Crocker Cltlz Fst Nat Bos Fst Nat ChT Fst Nat City Frank Nat Kings La fa/ vtanuf Han Mellon Nat Morgan Guar Nat BK NA markdown Trust Bid Askee 67 67% 78'/j 791/j 63'/2 64 39 3?'/2 53 531/2 35Vi 36 30 30^ 60% 61 Vs 501/2 51 59 S9'/a 28% »i/4 24 25 45'A 50 65V2 66V/2 29>/2 Sec 1st N BKLA .'3V2 39 US Trust NY — .. — .. . 100 Wells Far so B* «y Insurance 102 40'/2 Life Ins Alex Ha ill '.f All Am Lf&C Allclty Ins Allied Life Am Bankers I f Am Family Lf l " 5 V4 13VB Li" Am Fidel Life Am Foundation Am Founders Am Gen Ins Am Gen Ins pf Am Heritage Lf Am Income Lf Am Life Cos Am N Ins Galv Am Pioneer Lf Am Public Lf Am Re-Ins NY Am Reserve Argonaut Ins Bankers Nat Lf Jankers Sec Jankers Unit 3enefic Nat Lf Jenetic std Lf Bonnevllle Sv ''us Men's Asiur 23 alif Westn St 16 Chesap Lf 3 V. Citizens Cas << Citizens Lf NY Coastal State College Lf Am lolonial Lf&Ac 11 Vt 12i/4 !5'/2 16'/2 !fi> 1* 8'/2 61/2 16 18 31 '/4 10 3H 9>/2 401/4 41 23V2 24V2 18 18>/i 29 6V'2 ll'/i 4 Combined Ins Comwlth Lf Conn Gen Lf Cont Amer 16 4*fe 63/4 !$ ...- 16% v.% 121/2. 4 4% 8 8% 13'/2 14'/4 221/4 23'.4 42'/2 44V2 63V2 64V2 Cont Mortgage CNA Flnan CNA Fin pf Criterion Ins Crum & Forst Crum & For pf Eastern Life Empire Life Employ Group Employers Rein Excelsior NY Family Lf A Farm & Home Lf 9 Farm New Wld 46V2 Fidelity CP Fid Union Lf Fid & Deposit Fst Am Title Fst Colony Lf Fst Federal Lf Fst NL Phoen Fnd L.f Ga Franklin Life Fund American Gen American Gen Amer pf Gen Lf Wiscon Gen Reinsur Ga Intl Cp Glens Falls Ins Globe Lf&.Acc 273/1 54V, V4 441/2 S3V5 8'/4 15'/2 171/a 42'/2 39 9'/4 HMi 4% 263/4 29% 99 '6V'2 22f ' : M Govt Employees p Life Govt Emp _ Greatamerlca Gt Cmwlth Lf Gt southern Guaranty sav Gulf Life Ins Hamilton LI Hanover Insur Hartford Fire Haitf Stm Boll __ Home Insurance 28% Indep Amer Lf 6 Independ L8.A 201/4 Insurance Secur S 7 /! Intercoast Lf 7to Intl Life Ins 17% . >Vi ll'/4 57 J$ ift 'fe ;J'/B 20% 46 18>/z .._ Life 34V Kennesaw Lf&A 4V Ky Central Lf 7V Lamar Life 33R 1 Liberty Lf Ins 15V Liberty Nat Lf 32 Life Assur Pa 11V Life Insur Fla 3 Life Insur Kv 19K Life Inv Iowa liv Line Amer Lf 3* Line Income Lf 11 Line Consolld m Lincoln Nat Lf 52* Louisiana So Lf 12* Loyal Am Life & Madison Life Manchester LJ.C Manhattan Lf Mass Gen Lf Mass INdemnlty Mercantile Se^iir Mid West Nat Mldw Nat Ohio Mldwn Unit Lf Mission Equities Modern Secur Monarch L< 10 4% 10% 32'A 25'/« 25 Monumen'al Lf 47 Mutual Sav Lf tVs Nar Amer Lf 354 Nat -id Lf liV4 Nat Investors Lf -, Nat Life & Ace 33 Nat ulfe '-la 4v'i Nat Old L iv» / Nat Peserve Lf '9 Nat Un F.re 74 Nat Westn Lf 10 Nat!on>/d A 3 New Hamp Ins 45% Nor Am Lf Cas '•"» Nor Am Lf 1,-s 13 Nor Allan Lf 6»i North Cent tVi Northeast Ins li Nortnw Nnt L.f 31 n Occidental L? 8V-; Ohio Casualty 3.<>,> Old Line Life 221'4 Old Republic Lf 15V* Pacific Std 4',2 Peerless Ins t'.'a Penn Life 31 Peoples Life 3-i>/4 People Protective 5'/2 Phila Life 15'/? f15 sewyyf ulv 4_ta Protective Lf Prov Wash Provident Lf Provld LfiAcc Pyramid Life Reinsur Cp NY Rep Ins Tex Rep Nat Life Richmond Richmond pf St Paul Co Seaboard Lf Secur Conn Lf Security Ins Secur Llfe&Tr Sec Title&Guar Sierra Life Southland Lf Swn Life Ins Std Sec Life State Capital Sun Lf Ins Supreme Lf Time Insur 131/a ?! 66 20 27 21'/2 17'/2 30V2 32V2 24% 9V4 33V2 22V2 4 2V4 43 30 V» ]i% 10 fffli 1 38'/4 16V2 Title Ins LA Trans Wld SF Travelers Travelers pf Underwriters Unit Amer Lf «i Unit Family Lf 3 Unit Founders B'i Unit Ins Am 26Vi Un t Life&accld 10V. Unit Services 2? a S Fid&G 4J 7 -'i S Life 25% Unit Trust Lf *% Variable An Lift 12 " Idswaaen IPS 7ft Washington Nat 23'/i Westn CaslS 3$ West, Res Hold 10 Windsor Lf World Svc Zenith Lf 27% 7V4 14'/2 53/4 33% 5V4 7V4 191/2 24'/4 101/2 a '4 46 1/4 9V4 13'/2 71/4 14* 32V4 9 35% 23 l6'/4 5'/4 7Va 31 1/2 35V4 6Vj 26V2 29 16V4 30 22V2 331/2 25Vs &','i 9 3 /4 34</4 23V2 151/4 16 19 11 34 44'/2 3^ 22% 38V4 17V2 V.'B 263/4 WALTER S. GRAY Electronics Expert 'Looking Around' Cofounder Of Dickson Quits Post Walter S. Gray, cofounder with Donald Dickson in 1960 o Dickson Electronics Corp., has resigned as vice president treasurer and member of the board of directors of Dickson. Gray said his resignation wai for personal reasons and tha he has no immediate plans be yond "looking around." Gray was director of procure ment for Motorola's semicon ductor products division before joining Dickson in founding the Scottsdale electronics corpora tion William D. Asher, James G. Gould and William Leighton, all of Phoenix, and William Page, Scottsdale, have been promoted ;o trust administrators by the Valley National Bank. Named nvestments officers are Wayne Andariese, Phoenix, and Jon Ritter, Cave Creek. Mrs. Ruth S. Byrd will retire ;omorrow after 25 years with the Industrial Commission of Arizona.. She joined the commission after 20 years with tMa? mond's department store, .and has been serving as the ICA's cashier. John C. Hall, president of Hallcraft Homes, has been named chairman of the Nation- il Association of Home Build- irs' newly formed market development task force. John J. Casey, John D. •hamberlin and Miss Phylliis R. Ede have been named trust officers in the home office of he First National Bank. Kenneth Lucas has been iromoted to manager of the Tlorence office of the bank, succeeding Arthur E. Ohlfest, ivho becomes manager of the bank's Globe office. Mark P. Anthony has been named assistant manager at Globe. Roy G. Naigle, formerly assistant vice president in the in- PROMOTED — Ben McKinney, formerly vice president, agricultural and commercial loans for the United Bank of Arizona, has been promoted to senior vice president. He has been active in Arizona banking since 1934. Sugar NEW YORK (AP)— Domestic sugar fu to 1 hl9her: .. Raw sugar spot 7.38. World sugar No. 8 closed 2 to 8 higher: May 1.90-91. July 2.06, Sept. 2.19-20, Oct. Juiy 2MB 2i "' MarCh Z47 ' May 2>S2B ' B-bld. ' ft fit PUBLIC AUCTION Indian Jewelry—Silver-Stemware-Jewelry- Antiques—Ivory—Cloisonne—Original oil paintings—Mirror—Frames— Phoenician glass, Etc. SUNDAY, MAR, 31 Starting 11 o.m, CLAY SMITH 34 W, Main St. Scorrsdalt FIXTURES-EQUIPMENT Cash register — Filing cabinets —Typewriter—Adding machine —• Check writer — Wall cases — Show cases — Tables — Counters — Carpet — Ceiling lites — Display fixtures-—Etc. Will be sold in lot* to suit attending buyers. Terms, Cash. MAX CRONE-AUCTIONEER For information call 945-0671 Begin to LIVE? In Incomparable Monterey Casila Colony ...IN SOCIABLE SCOTTSDALE • RESORT & HEALTH CLUB . 18-HOLE GOLF COURSE! • RESTAURANT . COCKTAIL LOUNGE NOT A CONDOMINIUM! NOT A COOPERATIVE! Prices start in the low twenties •MODELS OPEN 10-6 DAILY PHONE 946-0994 CAMELBACK RO. TO 76th ST. ...TURN NORTH Business News in Brief Asher Leighton RITTER Andariesc Pacific Stawiafd tfll fflpf- Cti. e*$efieftcerj mtp gam in all areas of oration dotting l«W, if was reported hew ytttefday it a stoefcf^ld- efs tineeting. t ( ^ Cliftofd N. Gafiible, preslfefit of the cofhpafiy tftat is & f%8«f- filx-based insure* ttith ejteeti" ;lve offices in BuHingame.^*!* f., said the company's statutory earnings rose to $399,290 in 1967 compared with $47,883'in. 1966. IT'S PER-SHARE earnings last year wers 24 cents dftm- pared with 4 cents in Page Hall stallment loan department, has been appointed manager of the Camelback office of the United Bank of Arizona. Melvin Friend has been appointed Valley North American Van Lines sales representative for Northeast Phoenix. He will have offices in the firm's Scottsdale office at 3034 N. Scottsdale Road. He previously was employed by the City of Scottsdale. Casey Chamberlin Gamble reported that the company nearly tripled in size during 196? as year-end assets stood at $21,751,382 compared with $8,536,638 the year before. During 1967, the company acquired Commercial Life Insurance Co. of Phoenix through a merger. It was announcd yesterday that J. Carl Osborne, formerly ^resident of Commercial Life, las resigned from the board of Pacific Standard and been succeeded by Phoenix attorney Paul R. Maddins. Miss Edc Naigle Motorola Will Share In Sentinel Contract WASHINGTON (AP) - The Pentagon awarded an $85.48 million contract to Western Electric yesterday to launch production of the nation's $5 billion Sentinel anti-ballistic missile defense. The Pentagon said Western Electric will be the prime contractor for the system. It will receive a $28 million contract. The eight other firms sharing the major portion of Butter and Eggs CHICAGO (AP) — (USDA) — Butler: wholesale selling prices unchanged; 93 score AA 66.442; 92 A 66.442; 90 B unquoted. Eggs: prices paid delivered to Chicago 2 lower to l'/3 higher; 80 per cenl or better Grade A whites 34-35; medium white extras 27'/V29; 60 per cent or better Grade A whites 32Vj-33; medium white extras quoted; standards 22V2-26V2 checks unquoted. LOS ANGELES (UPI-FSMN) — Egg: unchanged. Poultry: Fryers 17-19, roasters 25, eg<_ type hens (delivered) 4%-6'/2, wtd avg 5.59, (ranch) 2'/2-S wtd avg 4.63; turkeys young hens 21. fryer-roasters 20. NEW YORK (AP)—(USDA)—Wholesal egg offerings adequate to ample. De mand fair yesterday. (Wholesale sellins prices based on exchange and othe valume sales.) New York soot quotations follow: Standards 30W-32; checks 23-24. Whites: extra fancy large (47 Ibs mln 34'/j-36'/2,- fancy medium (41 Ibs average 29'/2-3l; fancy large (47 Ibs mln) 34Va 35'/z; medium (40 Ibs average) 29-30 smalls (36 Ibs average) 22-23; peewees 31 Ibs average) 16-17. Browns: Extra fancy large (47 Ibs mln! 34; fancy medium (41 Ibs average) 30-31; fancy large (47 Ibs mln) 32'/j-33'/j. Hay LOS ANGELES (UPI) — Hay market mchanged. Carlol arrivals: Wheat 12, barley 2, :orn 5, sorghum 7, flour 2. PROFESSIONAL STOCK SALESMEN for New Stock Issue by Fast-Growing Scheduled Airline $2,500,000 in current and planned issues. $250,000 sales commissions to be paid to proven security salesmen. Write or Phone alley irifnes 3000 Sky Harbor Blvd. Phoenix, Ariz. 85034 Phone 273-7174 funds include Phoenix's Motorola, Inc., with 5 million for electronic devices. The award will allow the companies to tool up and start producing some components which will be used in the anti-missile system. The pact, signed by the Sentinel System Command at Redstone Arsenal, Ala., covers the six months between April and September. The Pentagon said a longer term contract extension will be signed before that runs out. Custom Smelting NEW YORK (UPI)-Custom smelter metal prices: aluminum, primary. 99 per cent plus, pure 39 Ib. Ingots 25.00c Ib., antimony, domestic, 99Va per cent pure, fob Laredo. Tex., bulk 44.00c Ib.; copper, electrolytic delivered U.S. 42.00C Ib., 50.35C Ifa., lead, common N.V. 14.00c Ib., St. Louis ]3.80c Ib.; manoanese 79.9 per cent pure 1 lo 20 tons, 29.85C Ib.; nickel electrolytic cathodes fob Port Colborne, Ont., 94.00c Ib.; platinum, soft 99.5 line $109.00-114.00 oi. quicksilver $575-585 7«-Tb flask; tin, N.Y. prompt delivery 145.25C Ib.; tungsten powder. 98.8 per cent minimum pure, J3.00 Ib.; zinc, prime western, N.Y. I4.o6c Ib., East St. Louis 13.50C Ib., FUTURES Copper closed 45 to 80 lower. Sales 512 contracts. May 61.00; July 52.A; September 49.50; October 48.50B; December 47.45B; January 46.45B; March 45.7" 222.50; July 226.30; September J30.U. 1,305 contracts. April 221.10; May Silver closed 370 to 490 lower. Sales May 45.10B. B-bld. December 235.20: January 236.70; March 239.70; May 242.80; July 245.90. Lead, zinc, tin closed quiet, no sales. Cocoa NEW YORK (AP)-Cocoa futures closed 3 to 10 lower: May 27.45, July 27.50, Sept. 27.71, Dec. 27.72, March 27.77, July 28.07. Scot accra 30%N. N-nomlnal. INCREASE YOUR STOCK MARKET KNOWLEDGE Attend the Mitchum, Jones & Templeton Investment Seminar covering the effective use of Put and Call Option contracts Learn: • How to buy options and effective trade against them. • How to increase portfolio income by selling options. • How to reduce your cost of purchasing securities by selling options. • How to protect profits by buying Puts. • How to build a portfolio and realize income by selling Puts. Conducted by: William Strawther and Zell Kaplan When: Monday, April \ , 1968,7:30 p.m. Place: Mitchum, Jones & Templeton 2029 East Camelback Road Town and Country Center For reservations, call 955-2100 or return the coupon below. MjT MITCHUM, JONES & TEMPLETON I INCORPORATED 2029 East Camelback Road • Phoenix, 85016 Gentlemen: Please make H reservation for me to attend your Put and Call Seminar. NAMP ADDRIiSS CI1Y Sharp Gains PRIVACY AND PROTECTION CASABLANCA ESTATES Luxury homes thai provide all the elegance the most discerning could desire. Designed for carefree living and maintenance. Sheltered within (ho walled splendor of famous Casa Blanca Inn. Ideally located a short stroll to .Scottsdale's Fashion Square. You can lock your home and leave it indefinitely with 24- h o u r gatehouse security. — a y e a r 'round home for many prominent Valley residents . . . perfect for a second home. Priced from $44,000. MODE1, HOME .Exquisitely furnished by ' MEHAGIAN'S Furniture Galleries OPEN DAILY 945-7978 EAST CAMELBACK RD. (6600 Block) NORTH ON CASABLANCA ROAD TO GATEHOUSE .Golonia amonte Elegant estate homes for those who can afford the very best. A new show home has now been opened in this colony of America's finest luxury homes. Open Daily, 10 AM to 6 PM At the entrance to Camelback Inn off Lincoln Drive SALES BY RUSS LYON REALTY Interiors by Mehagians Furniture Galleriet vJef ) ^ Transamerica Development Co. Project

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