The Herald-Palladium from Benton Harbor, Michigan • 23

MONDAY, FEBRUARY 7, 1972 THE NEWS PALLADIUM, BENTON HARBOR, MICH. PAGE TWENTY-THREE INVESTORS' GUIDE NEWS OF MARKETS Complicated Problem Dt From NATIONAL VEATHER SSftVtCB, Dept. Commerce Explanation Offered South Haven Hospital SOUTH HAVEN Patients admitted to South Haven Community hospital over the weekend included: MrsJohn Brimfield, Noel Dickerson, Emilio Harold Loving, Miss Marion Mayer, Stephen Wagoner, South Haven; Richard Watkins, Mrs. Lynn John, Andy Hammons, a Fitzgerald, Donald Ellis, Bangor; Mrs. William Harbison, Covert; Mrs.

Jean Haynes, Grand Junction. 2 If the fund has a related income-type fund to which you can switch your shares for an additional fee of, say, $5, do so and get yourself into the more comfortable position of depending more on dividend income and less on chancy capital gains, hvaa. U.S. Indicated Cnult Local foracotr ASS Y-fcO ci, Ixxx I Figorn SKow Low Tmproturt Expctd Until Tudtdoy Moning liolotaW rriirrion Nor Car Tape Players Are Stolen 7 NILES Tape players were, targets of mieveaork-Jing the parking lot at Simla's nightclub, US 31, south of here, Saturday night. State police at Niles said James Moore, of 309 Fulton street, Buchanan, reported a' stereo FM radio and tape player missing from his car.

Leo Lolmaugh of South, Bend, reported a tape player and 30 tapes had been taken from his auto. Tapes and-players were valued at $430. Police said both cars had been locked. Firemen Didn't Have Far To Go CASSOPOLIS A location next to the Cassopolis fire station did not save af two-story frame building from fire last night. The fire, discovered by village police at 12:30 a.m., gutted the building at 135 N.

Broadway, next door to the Cassopolis'fire department. The building was owned by Clayton Mourning, rural Cassopolis, according to village police. No estimate of the value of the loss was available this morning. The cause of the fire had not been determined. LOCAL GRAIN Today's Weather Map IN DEEP-FREEZE: Cold winter weather is forecast for most of the nation today.

Snow flurries are forecast for the Plains and snow is expected for the St Lawrence Valley. Rain is expected in the Southeast. Milder conditions are forecast for Texas, the Gulf Coast and southern Florida. (AP Wirephoto) New York Stocks as quoted by WM. C.

RONEY 665 W. MAIN, B.H. Close Late Alcoa 41 V4 Allied Ch 32 31 Am Can 33- 33 Amer Elec Power 30 Am Motors 7- 7 Am Tel Tel 45- 45V4 Am Brands 42- 42 A.M.F 56y4- 56 Anacon 16- 16 Avco Beth Steel 31- 31 Boeing t.24-25 Brunswick 43- Burroughs 156- 155 Ches Ohio 55- 54 Chrysler 30-31 Cities Svc 43" 43 Comsat 61V 61 Cont Can 29" 30 Dow Chem 83-83 Du Pont 161" I61 EaslKod 105- 105 Ford Mot 73 Gen Elec 61 61 Gen Fds 31- 31 Gen Motors 80V- 80 Gen Tel Elec 3034 Gen. Tire nni.ta 40- 40 Goodyear 29 Ill Cent "int Rdr Mrh 369- 371 Int Harv 31 Int Pap 34 3414 Int Nick "J-JHji Int Tel Tel 53 Kennecott 24- 24 Kresge, SS 98-98 Stover amed Chairman Arthur W. Stover, 63, was named chairman of the board of the National Mobile Concrete Corporation of Berrien Springs, Michigan, at a regular meeting of board of directors.

Franklin C. Hageman was named president and chief executive officer to fill the posts left vacant by Stover's move to board chairman. The 39-year-olCj Hageman was formerly executive vice president. National Mobile Concrete Corporation with offices in the midwest is one of the nation's largest on-site con-, crete manufacturers with operations primarily in the nuclear power plant construction field. Charges Leveled At AEC SOUTH HAVEN Two men whp played key roles in blocking the start of operation of the Palisades Nuclear power plant in Covert township for more than a year charged over the weekend that the Atomic Energy commission is sing information, coaching witnesses and tailoring testimony at hearings on nuclear plant safety.

David Comey of Chicago, director of environmental research for Businessmen for the Public Interest, and Chicago Atty. Myron Cherry, counsel for National Interveners, a coalition of 45 national environmental groups, also charged that present atomic reactors used throughout the nation could possibly explode because of improper design and rain nuclear destruction on heavily populated Comey and Cherry were in the forefront of the fight by conservationist groups to block start of the Consumer's nuclear plant until a cooling system was added to eliminate the return of heated water to Lake Michigan. battle ended when the firm agreed to install a cooling tower system at the $125 million center. The firm has since received permission from the AEC and has begun generating power from the plant up to 20 per cent of its capacity. Opposition to the startup without the added equipment was conducted before the AEC.

fri an effort to back up the tailored testimony and witness coaching accusations, the Intervenors released copies of what it said was a secret memorandum the AEC issued to its prospective witnesses. The AEC began a national hearing on the safety of nuclear power plants last week in Bethesda, Md. The National Intervenors contend they can prove the emergency core-cooling y-s terns in facilities such as Palisades are unsafe. They assert that safeguard research should be put ahead of operational research. The AEC hearings, directed more to the future, involve a $40 billion power industry which has 23 nuclear power generating units operational in the country.

It has more than 100 more either under construction or on the drawing board. "The present criteria are unsafe and they are going to have to phase out the present reactors as a piece of bad technology," Cherry said. Cherry contended that the AEC has "refused to let any witnesses appear from the Advisory Committee on Reactor -Safeguards, which has-been pressing for more tests on the emergency core-cooling systems." He added than this "is tantamount 1 0 suppressing important information" and that "some of the hardhard-line bureaucracy of the AEC still seems to be able to undermine the efforts of the new AEC appointees who want to ensure that this be a free and open hearing." The intervenon say the AEC has distributed a secret memorandum to its hearing witnesses entitled "Hints at Being a By SAM SHULSKY Q. I have a substantial investment In a mutual fund which refused to distribute any capital gains in 1971. We rely on those distributions for income.

The fund claims it is doing us a tax favor. We can't see it. Should we sell out? It's a complicated problem. But I'll try to make it clear. The fund as did many funds suffered capital losses in 1970.

Last year, it made some capital gains but these were not sufficient to offset all the 1970 losses. If the fund had distributed the 1971 gains the investor would -have had to pay full income tax rates on the distribution rather than the much lower (generally one-half) long-term capital gains tax rate. So it held on to the gains in order to reduce shareholders' tax burden. That doesn't help you, of. course, with the problem of, buying lamb chops.

But there is a way out in fact, two ways: 1 Sell a few of the shares to raise the money you need. Even if you have a profit on the shares you will pay only the lower long-term capital gains tax on that profit. Thus you would be paying no more tax than if you had received a normal capital gains distribution, and your overall invest? ment picture would not he affected. Memorial ttospital ADMITTED St. Joseph Vernon G.

Griffin, 1809 South State street; Matthew I. Hickmott, 4036 Royal Curve; Donald A. Kesterke, 209 Park street; Mrs. Vincent A. DiMaggie, 1769 South Cambridge; Stephen Cr Spessard 1070 Carley Lane.

Benton Harbor Jimmie Li Coleman, 860 East Vineyard; Mrs. Stanley Piggott Route 1, Box 295, Napier avenue; Frederick O. Moon, 650 Crystal avenue, lot 24; Jerry K. Sanders, 808 Weld street; Joseph G. Demkovich, 826 Sierra drive; Mrs.

Byron C. Baldwin, P. O. Box 1022, Casa Del Mar-Boat; Jessie M. Johnson, 927 Highland avenue; Mrs.

Philip V. Alexis, 1432 Hurd street; Thomas P. Clements, 2255 Union street; Keisha A. Guidry, 468 Cherry street. Coloma Mrs.

Richard H. Muenchow, Route 4, Box 149-A, Strejc drive; Mrs. Julius Lerke, Route 4, Box 215, Paw Paw Lake road. Stevens ville Cynthia A. achman, 5526 Whispering Pine; William G.

Murphy, 1236 West John Beers road. BIRTHS St. Joseph A boy, weighing 8 pounds 8 ounces, was born to Mr. and Mrs. Lester C.

Krause 1315 Miners road, Saturday at 3:45 a.m. A girl, weighing 6 pounds 6 ounces, was born to Mr. and Mrs. Joseph R. Harding, 3609 Carrie Lane, Saturday at 10:55 a.m.

Benton Harbor A boy, weighing 8 pounds 9 ounces, was born to Mr. and Mrs. David H. Henson, 1524 East Britain avenue, Saturday at 7:03 p.m. Watervliet Hospital ADMISSIONS WATERVLIET Patients admitted to Watervliet Community hospital over the weekend include: Covert Jonathan Johnson, route 1, Box 299.

Hartford Zoe Hammond, -route Sabrina Mann, 308 South Maple; Edward Schech-ter, 22 South Maple. BIRTHS Coloma A boy weighing 8 pounds 8 ounces was born to Mr. and Mrs. James McNees, route 1, Box 161-T, at 4:06 a.m. today.

Lawrence A girl weighing 6 pounds 9 ounces was born to Mr. and Mrs. John Jacobs, route 1, at 10:29 p.m. Sunday. Safari Film Market Rising NEW YORK (AP) Stock market prices opened higher today, continuing the mild updrift of Friday.

Advances outnumbered declines on the New York Stock Exchange by 2 to 1. Opening Big Board prices included Rexham, up to Uniroyal, off Vfe to 17; Chrysler, up 4 to 31; Lionel, up to 8y8; and UAL, up to 43. Stock market prices nosed ahead Friday in fairly active trading, with the Dow Jones average of 30 industrials gaining 3.53 points to 906.68. Big Board volume totaled 17.89 million shares. Analysts noted that the mar-- ket had been drifting all last week and attached little signifi-' cance to the modest rise Fri- dayrSome said the market was still in the throes of a consolidation phase, in whicH small rises would be canceled out by price dips.

On the American Stock Exchange, the price change index climbed 0.07 to 27.38 on a turnover of 5.88 million shares. Opening prices on the American Stock Exchange included Cinerama, up Vs to Tele-prompter, up 2 to 137; Wards, up to 10; Syntex, up Vs to 88; and Cubic, iip to 20. We stern Lower Variable cloudiness with occasional snow flurries today and tonight becoming mostly fair late tonight and Tuesday. Continued very cold, high today 8 to 14, low tonight 2 below to 10 below, high Tuesday 8 to 15. 'Winds northwest to west 10 to 20 diminishing this evening becoming variable 5 to 12 m.p.h.

late tonight and Tuesday. Probabilities of precipitation: 30 per cent today, I0n per cent tonight, 5 per cent Tuesday. THE WEATHER PICTURE highest temperature in the 48 continental United States was 81 at Brownsville and McAUen, Texas. i 'The overnight low was -31 at Roseau, Minnesota'. The highest temperature in Keep Local Forecast 11-Man Board Studied CASSOPOLIS A proposal for an 11-member county; commissioner board with a population variance of less than 1 per cent among its districts was discussed by the Cass county reapportionment commission Friday, Commission chairman Her-.

man Saitz Saturday re- ported that several 15-mem- ber plans had also been -discussed, but called the 11-" man plan "very -He said that a straw vote of commissioners revealed the group's first preference to be for an 11-member board, its second for a 13 man board, and its third for a nine man board. The county is under a court order to reduce its present 21 member board to no more than 15 or less than 5 men. The next meeting is set for 1:30 p.m. next Thursday in the county social services building. Catholic Students Nominated Three students have been nominated as Outstanding Teenagers of America for 1972 at Lake Michigan Catho-lie high school, according to Principal Richard Dornbos.

Selected, all from the St. Joseph area, were: Andy West, son of Mr. nd Mrs. Andrew West, 305 North Veronica court; Robert Van Ar-kel, son of Mr. and Mrs.

Robert W. Van Arkel, 387 E. Glenlord road; and Sherrie Regan, daughter of Mr. and Mrs. Fred Regan, 1004 Willow drive.

Students throughout the nation are named Outstanding Teenagers at their individual schools on the basis of community service and academic achievement. Those honored locally automatically qualify for consideration for further state, regional, and national rewards and scholarships totaling $7,000 in the program. Watervliet Workshops Scheduled WATERVLIET A series of community workshops to acquaint parents and interested citizens with the open learning project at North elementary school in Watervliet will begin Wednesday at 4 p.m. Participants are to meet in the North school gymnasium to meet the staff of the project, visit the project classrooms and discuss future sessions, according to Richard Hubert, curriculum coordinator. A baby-sitting service will be provided.

Truck Blaze Quickly Snuffed St. Joseph firefighters extinguished a truck fire in 10 minutes Saturday noon when wiring under the dash of a van truck owned by Lakeland Greenhouse, Sister Lakes, caught fire at 1000 Main street, St. Joseph. Driver was Brian Schrage. NOTICE Taxes Will Be Collected At Coloma Township Hall From 1 P.M.

to 5 P.M. On Dec. 11,1 8, 23, 30 Jan. 8,15, and Feb. Robert E.

Palmar Coloma Twp. Treat. LOCAL LISTED SECURITIES Supplied hv BERRIEN SECURITIES, INC. 219 E. MAIN, B.H.

Previous Today's Fennville Resident Hospitalized BRIDGMAN A Fennville man was hospitalized following a two car crash Sunday afternoon on Red Arrow high-wayabout two miles south of here. George Ciesla, 66, was listed in good condition this morning in Memorial hospital, SL Joseph. He was a passenger in a car driven by his wife, Helen, 60, who was treated and released. State police at New Buffalo reported the accident occurred when Kenneth Shirley 22, of Three Oaks, lost control of his auto on the snow covered highway. The vehicle crossed the highway, crashing head-on Into the Ciesla auto, police said.

Shirley reportedly refused treatment for minor injuries. Shirley was ticketed on a charge of failure to have control of his auto. Bainbridge Home Is Destroyed COLOMA A rural Bainbridge township home was destroyed by fire Sunday afternoon. Burned was the home of Fred Hirsch, on North Branch road, about mile east of Millburg. The fire was reported to the Coloma volunteer fire department by a passerby at 5:30 p.m.

Sunday. The two-story frame house was covered with flames when they reached the scene, firemen reported. The fire, was attributed by firemen to a faulty furnace. No estimate of the value of the loss was available. Dinner Date Is Changed EAU CLAIRE A potluck dinner planned as part of Black History week in the Eau Claire schools will be held Tuesday and not Wed nesday as announced earlier in this newspaper.

Benton Harbor Mayor Charles Joseph will be guest speaker at the dinner, which begins at 7 p.m. in the eleme tar school gymnasium. Two Suffer Minor Hurts In Accident" Benton township police at 6:42 p.m. Saturday, investi-. gated a two-car collision on 139, at Empire avenue, and reported that both drivers received apparently minor injuries.

They were not hospitalized. The drivers were identified as Evan Wallace, 61, of 270 East Delaware, Fairplain, and Robert L. Wilson, 30, of 1626 Milton street, Benton Harbor. Police said Wilson was arrested on a charge of driving under the influence of intoxicants. Grand Junction Teen Asks For Court Hearing SOUTH HAVEN Jessie Wheeler, 17, route 1, Grand Junction demanded a preliminary examination when arraigned in Seventh District Court on charges of breaking and entering and resisting arrest.

American Metals-Climax Bendix Corp. 45 Clark Equipt 48 Consolidated Foods 45 Koehring 21 Wickes Corp Hamniermill Paper 16 Hayes Albion Corp. 20 Mich. Gas Utilities National Standard 36 Schlumberger 151 Whirlpool Corp. 05 Pet, Inc 53 Hoover Ball and Bearing Co.

32 Buchanan Co-ops Buchanan, Michigan No. 1 Soybean $2.96, steady. No. 1 New Soybeans, $2.74, steady. No.

1 White Oats 32-lb. test weight, $.80, steady. No. 2 Rye, $.75, steady. No.

2 Barley, $.90, steady. No. 2 Ear Corn, $.99, steady. No. 2 Shelled Corn, $1.02, steady.

No. 2 New Crop steady. No. 2 Wheat, $1.29, up lc. No.

2 New Wheat, $1.13, steady. Marriage Licenses The following marriage li- censes have been issued by Berrien County Clerk Forrest H. Kesterke: Jesse Ruiz, 23, Berrien Springs, and Linda Marie Cook, 19, New Buffalo. Richard Thomas Orr, 29, St. Joseph, and Barbara E.A.

Haniica, 22, Coloma. Duane Pociask, 19, Benton Harbor, and Linda Carol Van-horn, 19, Riverside. Richard Robert McDougald, 33, and Mary Alice Siewert, 28, both of Stevensville. Carl Earl Newman, 20, and Donna Elizabeth Samples, 20, both of Larry Michael Highfill, 19, and Rita Lynn Morgan, 20, both of Niles. Thomas Lee Schulz, 22, St.

Joseph, and Sheri Lynne Co- burn, 21, Benton Harbor. Dale Arthur 19, Sodus, and Diane Lee Knapp, 18, St. Joseph. Joseph Berry Bowman, 26, and Rebecca Sue Zalai, 23, both of Niles. Franklin George Worcester, 38, and AUegra Oma Collatz, 35, both of Berrien Springs.

Manfried Grams, 23, St. Joseph, and Anita Gay Shear- er, 20, Berrien Springs. John Lee Dortch, 24, Benton Harbor, and Margaret Williams, 17, Cleveland, Ohio. David Linden Ford, 21, Berrien Springy and Kathy Lynn Hampton, 18, Benton Harbor. James Bradley Meade, 19, and Susan Lynn Zummach, 19, both of Berrien Springs Edward Lech, 27, Goshen, and Mary Kathryn Kil-lian, 25, St.

Joseph. Kroger MacDonnell Douglas Magnavox Mining Marcor Nat Gypsum Olin Corp. Pa Central Phill Pet Raytheon RCA Reyn Met Reyn Ind Sears Roeb. Shell Oil Sperry Rd Std Oil Cal Std Oil Ind Std Oil Swift Teledyne Textron TWA Union Bag-Camp Un Carbide Un Foods Uniroyal Union Oii Prod US Steel 31- 31 38- 40. 45- 45 139 -138 30- 21 18- 18 18- 18 5-5 29- 29 45- 45 39- 39 17- 18 63- 63 102 -101 49- 49 36- 36 60- 60 67- 68 75- 76 33- 33 25- 25 35- 35 49- 49 38- 38 43-43.

4- 4 17- 17 16- 16-33- 33 83- 83 43- 43 43- 43 42- 42 42 -41 Warner Lambert West Un Tel Westinghouse Woolworth Zenith Rad UNLISTED STOCKS North Cent. Airlines 4- 4 So. Mich; Cold 51 Nat. Mob. Concrete "igy4.

20 Close 29 Latest 29 45 45 45 21 48 16 20 15, 36 151 95 53 32 Fire Hits Buffalo Lounge NEW BUFFALO Arson is suspected in a fire that damaged the Buffalo Lounge here early Sunday morning. Fire damage was contained to the lounge basement, which was extensively damaged, according to Police Chief Dale Siebenmark. He added the lounge was able to open for business Sunday night. Siebenmark said gasoline had been poured on a basement door and under the door before being ignited. He said a five-gallon can was found near the basement door but was damaged too extensively to yield any fingerprints.

He credited early discovery by one of his police officers and quick response by the New Buffalo fire department for containment of damage to the basement area. Chief Siebenmark said patrolman Mike Ranks witz discovered the fire at 5:30 a.m. apparently only two or three minutes after it was started. Police had checked the lounge only an hour earlier during routine patrol and everything was in order, said Siebenmark. The chief said no motive for the apparent arson had been established.

ADMISSIONS Patients admitted to Mercy hospital over the weekend were: Benton Harbor Timothy Williams, 851' Territorial; Mrs. Lawrence Lilly, 1724 Council; Mrs. Ira Green, 435 Brunson; Howard Jones, Mil-ner hotel; Glenn Easton, 132 Robbins James Morgan, 1435 Rose; Harry 1251 Columbus; Winston Minott, 980 Bishop; Alfred Baldwin, 1019 Pavone; Mrs. Ingle, 167 Kline; Leroy 718 Buss; Lori Groth, route 3, Box 319-C; Wyatt Starkey, 810 Highland; Mrs. Robert Foster 861 Pitkini.

St. Joseph Mrs. Carrie Belle Robards, 1455 East John Beers road; Terry Lakeshore; Duwayne J. Thompson, 305 Church; Casper Mahka, 1720 South State; Stephen Kulich, 2489 Washington. Decatur Colleen Knoll, 218 West St.

Marys. Dowagiac Mrs. William Bates, route 5, Box 168. BIRTHS St. Joseph A boy, weighing 7 pounds 11 ounces, was born to Mr.

and Mrs. Willis Thompson, 2708 Lakeshore, at 6:05 ajn. Saturday. miciugaa was ai tcuuu. The overnight low in Mich-igan was -14 at Lansing.

The highest temperature in 'Detroit one year ago today twas 22; lowest was 16. The sun sets in Detroit today at 5:55 p.m. and rises Tuesday at 5:39 a.m. The moon sets today at and rises at 2:39 ajn. Michigan sky condition, Monday's highs, overnight tows and precipitation at selected sites: High Low Alpena, clear 17 -6 Detroit, clear 22 -2 Flint, clear 17 -5 Grand Rapids, cldy .19 -11 Houghton, snow 3 -2 clear 15 -11 Jackson, clear 18 -6 Lansing, clear 16 -14 Marquette cldy "15 7 Muskegon, cldy 19 8 Port Huron, clear 18 2 Pellston, fair 16 1 S.Ste.Marie, cldy 7 -7 Traverse City, snow 17 7 A THOUGHT F0II TODAY No one is useless in this world who lightens the burden of it for someone else.

CharteM Dickens PRESINTED AS A PUSifC SEHVKt EVERY DAY BY: ST. JOSEPH SAVINGS 6 LOAN Downtown Southtown To Be Shown SOUTH HAVEN The River Bend Boat Club will sponsor a Wally Taber Safari film night Thursday, Feb. 17, at 8 p.m. in the Central Sc hnoH flnrijfarfriT" -y.