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Corpus Christi Caller-Times from Corpus Christi, Texas • 31

Location:
Corpus Christi, Texas
Issue Date:
Page:
31
Extracted Article Text (OCR)

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Caller-Times Sun Oct 3 1971 11C MUTUAL FUNDS Decline in Unemployment Is Predicted by Official AW 7M APT API 4- 737 35 1P7 34 IB 7S IS 1H 4 1170 4 34 07 4 3P IAH 4 34 M4P 4 35 1P1 4 31 OH 4 30 ChoM Gr Boat Capitol NHW YORK (API WMfcly Invading CmiwwiIm glvtna ttw high low did tail pricoe far Rw wwk wilt (Daw from fh prwrtMM kill Md prlct All qudotlang guppllad fey National Ateaddlan at SacurtHw Inc raftoct eric at wMdi KM couM bav bean mid High Law Lad SJf ill 11 1M 110 13431 7S MS MM PAST PPl JI On WHIIam OtMH Raid Oppdnhdim Fd Oppdnhtm Aim Ovar Count Sac Fommt Mutual Foul Ravara FannSquaro (n) FannMutual (n) Fhlld Fund -Pilgrim Fond Fin Straat Flanaar Entarp Ftonatr Fund OS W54 PI 14 llPP MS US 1010 1111 OH 113 IAH OM AB 7PP 417 UH WM 1134 AH 7N 1130 UH Tl 31 113 1X4 11H Frintlar' Shorthold Spiel al Chamleal Fund 71W 1014 117B 11 MM Jff 1AM By PETEK 8 NAGAN jobs Business quickening -Admiralty Fundi 417 4 1S34 4 W44 4 1157 4 OH 4 31 1150 31 113 4 31 113 31 731 4-50 taken wartime boom to do lt That kind of boom seem to be in the cards Hu economy wou-d have to show real growth of I per cent or more to generate that many analysts expect a in activity in the quarters ahead But they would be surprised to see real growth averaging more than 6 per cent FHgraarttl Fnd AH US-S A41 Al P0P All PA4S 4- 11 U7 IS J01 IS 4 7M AW 11 Id 19M 71 I1J0 NIHMaiMa luaMeH I9SBI BHYlVl WASHINGTON A top dal in the Nixon administration is now predicting that unemployment will fall to 5 per cent by the middle of next year but many government economists think that he is being much too optimistic The official is George 701 AS 1007 IS 711 IIEP a MJ5 1110 US AS Ml 77 Ut 741 37 AS 34 MS A JO 144 4- 07 10LS 71 IIS 34 31 ns 118 441 31 IS 31 1017 35 Ut (nl NawEro NawHorsi (n) tMuranen Advtaar Fund Aetna Fund Afflllalad Fund AfuHjra Fnd In) AHAmar Fund Allttata StkFd Alpha Fund AMCAF Fund AmBusIn Shr AmOlvara Inv AmEqufiy Fd Anwr Ejcnrtee: tEgpqaKraiiBPQflffi bu 4 Jt WM Mt H7P 4 71 TAB 4 API MS ATI 4 Mt 4W 4 31 B37 4 34 BU W30 B7P 1070 AH A7B 4M IAH H37 PW 1177 1057 AH 534 4P1 H37 1170 1100 441 no ATI PS 071 Raid Fund SERMIGEIGE NTE MB PravMnt OIF Putnam Rmdi: Equtt Gaorga Graarth AW P44 PW US US AW A7S MSI MS 1401 All 722 7114 057 O04 P8 lM MS 11 ns AW 4 AW -S MW 4- 17 MS 1AC0-J1 us uoi AM All 711 7B 7111 7114 IPI 4 Jt IAH 4 WH 4 10 IPI IAH WH AW OS AW ta AH Ut 044 IS AW JOS PS AW ttt as ji It 041 34 18 35 API 001 ATT AS PS AS STorroiruxTiNG -STOP roi COPYING STOP FOR OmCESOPPUES OFFSST MINTINO (WNILI YOU WATCH) OFFICS SUFFIIIS (AT THI RIGHT FI 1C I) Inygptnwnt SS" stock AmCrawlh Fd Amlnvmtor AmMutual Fd AmNat Growth Anchor Group: Capital Fd Fund Compatlllvo Cp Campaalta BU Compatlla Fd Concord Fnd (nl Cnmalldat Inv CamMlaln Glh ContMutlnv ControlIGth Fd Carp Laodari CounhyCop In CrwnMMDIvFd CrwnWit DalFd it (n) Dalowaro Group: Docatur Inc Dilapnra Fd DaHoTrwt Fd Dlradora Cap DadgtACax a OmlEquIty in) Draytua Fund Oroyfui LavFd EalanAHsanrd: Batanca Fund Growth Fund Income Fund Spaclal Fund Itodi Fund baraladt Fd EdloSpI Grwlh A 11 IIS 34 US MS 70S 7 IAS 14S MB 1A1J nM ns 4- MS MW 11 7S 4- 17 700 11 1AM 14S MB 4- 1AM 4- J1 OS ns AM PS 411 ATI IS IIS AS PS 4APS A7 All PS SOI 110 ATI JS TbaGOOSM 1114147 414 itaekii iis4sjry Shultz of 'the Office of Management and a labor expert and one of the President's closest advisers He expects the various tax and foreign-trade measures in the new economic policy to generate enough new jobs to achieve that goal But skeptics say that reaching such a level calls for the creation of more new jobs than seem or likely Here are some reasons why: unemployment at 61 per cent of the labor force last month-Hor 91 the total would have to decline by dose to 1 million to achieve the goal But the problem will be complicated by the fact that additional workers will be joining the labor force W1P MW MU MtP Oocurtty Equity ft A14 Fundm Vonlur Ailron Fund Am Houghton! Fund A Rind Slack Fund Scltnco Cora Bahian Dav In) Bayrack Rind Bayraek Grwlh BeacanHIII ut Inv PW 1A0I MARKET UP The market was up over the past week with the Dow Jones average dosing at 89398 Friday up 467 from the week before The Associated Press 60-stock average rose by 2 over the week to close at 3255 Friday Analysts attributed the rise to a market decline in each of the three preceding weeks and by Friday many issues had been oversold to the point where they were becoming bargains (AP Wirephoto Chart) 171 AB OH 1AW 1A14 ft 13 3 AB 4 11 13 4 30 WB 4 1A77 4 JP 1ATP 13 4 31 IH-31 WH 4 MS HU 4 31 1137 lH IB 13 102P 1A77 IAH AH MR 111 ATS 7W AM 47 041 IS 18 MS WP1 PS AW AS tlOP AM 179 31 AOS JS A 14 471 -S PS 7- OS Ut 57737 MW-il Mil 31 PW 31 api A4P 37 IIS Jt IS 11Z 1A11 as In Earot Graarth EHWl TruaM MM MW 4- 11 AM J1 PS MM 4401 4- US US 4 MS 4 MM 4 14 IPS -S AM 4 MM PS 4 PW 4 All 4 4W MSI 4 MM 4 hm lipp MS AM mi PS P17 AM MM Ultra ftiu nwcivb wnir Solactad Oppar Salactad Spac Santlnal Graarth Sontry Raid Shnmrck Fd wratwldari Got Coma lock Fd A7P MW HOI PW ft lia Bargon Kant erfcihlra Grth 431 AM oatFaund IrwnFd us PS AW All AW W5I MU Emargbia lac EmigyFa Equity Fund Equity Growlh Equity Frog ra FD Copllal Fd Falrtiold Fund FarmBunMut IdMIty Group! 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1150 A71 41 1AB 1170 ATT TAB IAH Summit Spaclal I1W Ilia IS'A M'4 144k ISt 14W Tat EdjatAB Tonka Cp Fauraquara Fd Franklin Groupi in Xll 17 ms ss SOP 17 By JERRY FLINT dt Nsw Ynrh Times News lervlcs DETROIT The centraliza tion of the General Motors Corp a tied at least partly to an effort to make the company more difficult to break up in antitrust actions according to Automo-' Jve News a trade publication There is no question that the centralizing of General Motors under way and is being pushed by its president Edward i Cole The change in management direction is particularly noteworthy because the auto maker grew to be the largest mamifac-urer in the world under a system of decentralized operatii divisions and the manag'eme theories were created by Alfred Sloan Jr who led GM as (resident or chairman from 1923 tolSSC labor force growing constantly with population growth By mid-1972 there will probably be another 13 mil-ion additional Vietnam veterans other young people and women looking for work So there would have to be many more jobs just to keep unemployment from going higher output per is rising at a rate jreater than 4 per cent a year few and better equipment and he constantly rising skills of the labor force normally bring ains in the year ahead the aster recovery the President's program should bring will probably mean still greater efficiency as the same rent office and other overhead costs are spread over more units of output Rising productivity though means a given number of workers can turn out more output In effect then you need more jobs just to keep the impact of productivity from reducing the number of jobs You might need another I million jobs to keep the work force from shrinking Aaether Faeter II All AW Toppar TorlnCorp 40 Total Fat NA Total NAtn Total pf 70 730 1131 770 34 urn TAB 83S ATI 135 1137 A17 APT AM AM 210 114 IASS pn 4 ASP AH 4 34 111 4 31 W3-H 04143 730 4 31 1131 4 30 7W 4 30 34 31 MJI 4 31 1AM 4 BUT 83S 4 3 AM ATI 4 14 135 4 31 1250 4 12 A17 4 1 434 30 1AW 4 1131 4 34 77S 113 131 431 IAH 113 DNTC Growth UtliltM Incrma Ilk US Govt Sac FdForMuto (nj Fund Inc Grp: Commerce Fd im-w MW-W -M 1400 4114 14H UV -44 740 tii 7'h 150 V0 110 41H 100 -114 114 4 14 10 4 P'4 14 40 0 40LV-1F4 144 140 la 1 Ml 14 7Vh II 4 lO 1-1 714 15 Ft 104 34 1 Ft 111 MlH 1031 Town entry wJS Tran Lux 7V0 7 74 151 if a in 110 TMR Apprsc Taadwrs Assoc Tamp 6th Cm Toaror Capital Transom Cap Tudor Hadg Fd Bib Cent Grth 20th Cent Inc USAA CapGth Unlfund Union Sve Grpt ATS 017 40 4M 1 170 141 411 Trimplr JM TWA wt Traadw 171 TrrCOnt wt Trl Slat Mot TuBMM 23g Tyco Labi Impact Fund Induct Trand WW 1131 HOW IS THE BEST TIME TO LEASE YOUR NEW 1972 CAR or TRUCK Bt) I VO pig O54 11M 707 Ail 101 W27 P8 7-B AH 4 34 lM 4 34 11M 11B 4 10 771 7P7 4 11 134 3 MM 4 1 1017 4 11 041 11 731 4 14 lH API WW Ail AW AM 131 AM 4 Funds: Cont Graarth Cant 11W 1131 1411 AM UdtM'CarB 11W 4 1131 4 11 Mil 4 AU 4 11 1130 4 37 11B 113 IAH 7P7 734 UIP Carp Kcatlad UnMcatlad Filet Fund RmdatAmar Gatawoy Fund GanEISASPr Fd GanSdcurlt Gibraltar Fund Group Sac: Apax Fund -Baloncad Fnd Common 01k Graarth Fd Am Graarth Ind GuardlnMut (n) Hamilton: Fd HPI Growth Fund 14 1'4 1144 1144 1444 IP 104 7 la IB AH 4 04 AW 4 3 113P 4 37 ATP 4 -B 2117 B34 4 37 10 14 I1'4 lilt 140 1P0 1040 II 1144 IPI 1LH AT 113 M34 MS n7t AH 21 IP SAW 31 Ml AB 4 JO The heart of GM operation la its car divisions At one time these five divisions controlled the design manufacture and sales of their vehicles within guidelines set by the central General Motors organization Now said Automotive News in an article in its latest Issue these divisions appear to be turning into mere sales organizations with manufacturing and design functions gradually being stripped from them For years competitors the Ford Motor Co and the Chrysler Corp tried to imitate the GM divisional pattern but both gave up finally setting up product design engineering and manufacturing units distinct from the car divisions which became sales and service organizations Now General Motors appears to be creating an organization more like Its competitors Sloan in his book Years With General called the GM organization: happy medium fit industrial organization between the extremes of pure centralization and pure The General Motors Corp had no comment on the Automotive News story or on questions about the centralizing process within the concern The article noted that the Chevrolet Division of GM as of )ct 1 will be out of the car-Hiilding business turning its ast car assembly plants over to the GM Assembly Division This will give the assembly division control of 18 of 24 GM assembly plants and more are expected to follow AB AW 3 4 731 4 73 731 own explanation for the drive to centralize opera I 14 Un Flnl 71 Gascon Un InvMt 70 Om Mg Unartl lllq Unam Tr wt UnAlrcFd Un Aabaat Unit Gd Cart uncoun joq Un Dollr 10p Unit Foods Un Natl Corp UnNat Cp wt Un Nat pt70 S'4 4 10-14 12H 4 40 12 4 4 1440-14 10-44 1044 11 4 ti 1144 4 4 4 14 4104 014-5-14 I'O 14 4 14 S'4 4 14 W4 4 14 S4 4 40s 4144 740 114 P1A 5 J74g 471 ft AW 30 7P1 4 JS AW 34 Sdsnee Vanguard -Value Llm Fdt Value Line Vane landers: Special Wall St Graarth Walllnatn Group: Explorer Fnd I vest Raid Trustees Eq Wellesley inc Wellington Fd Western Induet Wlncap Fund Wisconsin Fd FREE-UP Working Capital Better Tax Records Lower Maintenance No Used Car Worries 1171 4431 4 32 477 701 All 1431 113 AM 1131 241 131 AM 103 MM IMS WJB 1137 AN AB 871 4 3 134 4 30 IAH 4 30 1171 4 11 118 4 31 4 AH 4 34 ATS 4 31 171 4 15 1 4 10 K3 Ut S'4 114 BS 4114 X14 71 tions has been tied to the growth of the market the proliferation vehicle types the pressure I or safety ana pollution controls hat need central direction and increasing costs 1115 AM T1JI 117 M3S A17 113 4 AM 33 1131 4 31 131 4 30 431 4 10 AB 4 JP MAC Fund HOC Ldvrgt HsdbroGard (nl Hadg Fund Harltao Rind HaraesMann Fd ICM Flnl Fd ISI Group: Graarth FDya 50a US CarTBSg US Fillar fund 403 S'4 4r 4140 72 D0DCE PICKUP 01 VAN 24 Month Lease US Nat Rare US Radium F4 4'4 114 50 4 SV0 ll4 P0 gradual extension of the work fuller weeks and more overtime-will also mean that output can be increased without new hirings This too makes lt harder to cut unemployment Add it an up and you can see that it would take 9 to 6 million new jobs or more to get unemployment down to that 5 per cent level Unfortunately while unemployment can shoot up kly when the economy is quickly economy US Rltln lM US Ri Oaductn tl Hi lii 107 11 41 334 W14 7 IP 14 14 1144 1 44 114 1514 Alt 4 37 437 4 31 M1I 4 33 IB 4 31 WH 4 131 4 11 4AII 4 78 4 35 AH -31 1037 4 11 IIH 4 3 AH 103 4 8 lB 7H 4 8 UJ7 4 1131 AM 1011 734 IAH 717 ATI AW 1131 1174 AH 43P 1111 lM WB 131 MI1 715 AH IMP 1105 WM 731 130 P0 4 0 014 0 7 4 0 1144-40 4 44 '4 50 40 1214 4 44 1 it -V0 Ut- 14 lit -HO 4 40 US Ru 50a US Smalt wt Unltroda Cp Unhr Cigar Unv Cant 151 Uni Mar Sc Trust Trust Units -Imperial CapFd Orth Incamp Fd Am Incemp Fd OM ndustry Fund NTEGON Grwt nvail Ca Am Invest Guid Invest Indleatar Invast Tr Bo Invcitsrs Group: IDS Now Dim Mutual Inc 72 D0DCE P0LARA 4-DR Fully Equipped 24 Month Laase AMERICAN NEW YORK 13'4 13n 44 Urip Bldg i tysla IMS Syslamt slack 'It is devilishly hard for a NEW Th ihowi the Mock that mast and dawn the Stock Not Pragratslva SlodI NEW The fetlewlng list sheews Ra sleeks that have gon the American ragarritass at valuma perctntagi changes ora the last weak' dodng price and this waak's dosing price UPS last Nat and Sttadlvp Vartabta Aik Far John Cnratxg Jr CREVELING DODGE 4313 Staples 134-3! 31 AB 10H 531 TAB 34 7W AB 1115 A4S 777 1435 030 4 34 AH -35 531 4 17 17W 4 31 734 4 34 7W 4 MS AB 4 14 U37 815 4 31 130 131 4 34 7W 777 4 31 974 0431 4 growing nation to get it down during a recovery This does not mean that it can never be done Unemployment has fallen to little more than 3 per cent at but lt has pried end Hib weekta atobng grim UFS Nome Last Net 1 Fd 1 HetenCurt A TVb 4 Uk Up 3 I Ftoetwfd 04 4 Bk Up 1173 Istat Fund 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USE OUR RESOURCES TO 7t 7t Pt 15t 4t It 21 1 It lit ut 1 1 M14 1 13-1 I 11 1 Ml 17t IS 40 F4 141 IP-1 14k 44 Mt 14 50 S'4 I 15'4 15t 71 It It 12 130 23 42 MO St 70 70 Pt ISt 40 It lit 17 7t It 14s St lit 11 WMlLtdllB Work Wr 40 Wrplhar Cp WrigM Mara Wtf Air 07g 4W 4 4 4 -1 Wqand Ind Wymd ptU WytaLaba Wynn oil VfyamlFnB NeuwlrthFd In) New World Fd XYZ Nidi Strang Naraast Inv 118 11U IAH I7P1 1S8 754 7H IAH PH 118 4 8 llH Mt 1537 4 31 1771 4 158 4 34 7M 4 31 TH 4 35 I4H 4 11 A4I 4 37 118 1AM 1AM 1731 1A 737 AH 1441 731 Vital Ind-Vink RaMta IF -HO It Wo 4lt It It lit It Pt IPt It Mo MO Ml Rind Zim Mom 24 '135 Zion Foods 41 best Hand skills are paramount in the careful creation of Oxxford Clothes and In all the world there are no more talented tailors than those who hold coveted membership In Oxxford's HI Fund ewal etc 17 TRUCKS (3) Aetacar 4 WM tandem bawl Ireikx () While Oiewie 4 GMC VA tank Hoc tarn (9) Ford 4 CMC lA duMg taecki (S) Ford 4 While water keck (P) Ckewelel 4 Ferd dee 4 wilding taedu (S) Balked 4 yard Hwlui PICKUPS Ferd Ik lae Wiky Jeep (S) Aetaen-bdeci-14 TRAILERS WeMikee S- HAVE YOU NOTICED THAT PIER 1 IMPORTS PAY FOR CARS TRUCKS EQUIPMENT jWITH TOMORROW'S EARNINGS NOT YESTERDAY'S PROFITS CALL OR WRITE MID-AMERICA LEASING INC PO BOX 388 CORPUS CHRIST! Customtr Forking In Tht Wilson Tower Garage lank taaderc elc WrM IS UNDER CONSTRUCTION ON PADRE ISLAND DR A MANOR-YOU SHOULD! ANOTHER AGGRESSION MOVE BY it ri MILLER MILLER AUCTIOHEtS INC SIM Cong laeria Worth Teiaa SIT738-I4M 0)Irvr is the six hottfcitf bwilding THE GLOWER CO Realtors PmAfaf Cptimm CkrbH AhoaJ Wkk fashlvm Acfbn 888-6101 AiAdiA A AA A A i---l- A a Xta qjLRJULAJLF-JiJLAJLj dl MAjkJUu(-RJL.

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