The Herald-Palladium from Benton Harbor, Michigan • 25

MONDAY," JULY 3, 1972 THE NEWS-PALLADIUM, BENTON HARBOR, MICH. PAGE TWENTY-FIVE Data From NATIONAL WEATHER SERVICE, mw 7- -v 1 1 bja mm 1 1 ay a. Dapt. of Comma Bendix Names Z1 iC OF MABKETS Winners Scholarships 40 NOAA, U.S. ir.dieaud Contvil total Foracci! fif ufM Shaw Law lamptatutt Expected Until Tydoy Mf ning Isolated frociaitatio Not jbtew York Stocks as quoted by WM.

C. RONEY CO 665 W. MAIN, B.H. LOCAL LISTED SECURITIES Supplied by BERRIEN SECURITIES, INC. 219 E.

MAIN, BJL f'" Previous Today's Close Latest American Metals-Climax 30 29 Bendix Corp. '44 44 Clark Equipt. 55Ms 55'4 Consolidated Foods mt 38 Hoover Ball and Bearing Co 37 Hammermill Paper i64 Hayes Albion Corp. .1914 NS Koehrinfr 21 21 Mich. Gas Utilities, 13 13V4 National Standard r.

45' NS Pet, Inc. 44 44 Schlumberger 203Vi 203 Whirlpool Corp. 34 34 Wickes Corp. S5' 35' INVESTORS GUIDE Some Good Advice To Early Retirees Today's Weather Map RAIN A broad band of showers is forecast today from the Plains across the South to the mid- and north-Atlantic states. Rain is forecast for the central and lower Great Lakes.

Cool weatherls expected for most of the nation except the Southeast. AP Wirephoto) Market Boot SMs ff SOUTH FIELD, Mich. Ten four-year college scholarships have been awarded by the Bendix Corp. to children of the firm's employes under a newly-established education assitance program The new program and first-year winners were announced by Ralph E. McGruther, executive vicepresident of corporate staff.

The winners will all enter college this fall. They are: Miss Karen M. 1332 Saratoga Bel Air, Michael R. Fink, 2251 Beverly Place, South Bend, Miss Judith L. Flebbe, 10716 White Kansas City, Lawrence Kernan, 2404 Hunt Baltimore, Md.

Miss Kathleen A. Kramer, 1070 Atchison Pasadena, Geoffrey Lamb, 5806 N. Rocking Scottsdale, Gregory R. jeib, 316 Moul Hanover, William R. Lewis, 52775 Arbor South Bend, Miss Rena J.

McQuitty, Rt. 2, Box 358, Olathe, C. Andrew Pannell, 4760 Zelzah Encino, Calif. McGruther said the scholarships are in addition to other educational assistance programs maintained by Bendix in the interests of higher education. Students quality for the scholarship by placing among the finalists taking a test sponsored by the National Merit Scholarship Corporation and College Entrance Examination Board.

The amount of each four-year undergraduate award is based St. Joe In Hunt For Other Croft Minor Traffic Case Ends Up In Wild Brawl Of 1G on the individual student's financial need as determined by the scholarship corporation. Maximum amount awarded to-' any student under the Bendix program is $1,500 annually while the minimum is $250, said McGruther. The scholarships may be used at any accredited college -or university in the United' States. Federal Charter Granted BUCHANAN The Clark Credit Union has been granted a Federal Charter as of June 13, 1972.

The new corporate name is Clark Federal Credit Union. All accounts are now insured up to $20,000.00 by the National Credit Union Administration, an independent agency of the Federal government. The federal charter will allow trite Credit Union to serve an additional, 3,000 'Clark employes employed outside the State qj Michigan. The Clark Federal Credit Union is located in Buchanan. Assets as of June 30, 1972 exceed $4,500,000.00.

The Credit Union paid a semi-annual dividend of $80,500.00 at 5Vfc percent and semi-annual interest on deposit accounts of $21,000.00 at 6 percent. Lodged in the county jail were Hugh T. Holder, 33, of 1850 Highland avenue, Benton resisting arrest and being a disorderly, person, and his brother, James L. Holder, 35, of Flint. James was charged with assault and battery and resisting arrest.

At the scene were six troopers from the state police, three Benton township officers, three Berrien sheriff's deputies, and one Benton Harbor detective. -Brooks said Hugh Holder was the driver the car, 1 and -James Holder a passenger. No summones for a traffic violation was issued, according to troopers. Firm Sets Price For Silver Frozen Foods, of Eau Claire has announced a price offer of 72 cents per pound for 92-grade score cherries' this season. The firm's announcement is the first of the season, and contains a sliding scale from 6.4 to 8 cents, depending on the grade score of the cherries.

Last year, the state average paid to growers for 92-grade score cherries was 10 cents a pound. 1 Wm Li NtVU AOAiM tUk tolinf YOILAFC.D1I- Uolik tUmrf phngr, TWbfte doet not permit ccmpre ftif mcM? wtttr to tplath bach or cp. With Toiiafln tlM full prnwrf plow through th clogfiai and twtthea it down. tjUCTMMMHM I TO MlaMtaMR a CtWTtirt ITUlf, CAMT MIO aftOUNO a TAPtatO TAH (WIS AMI TWHT tlf -mam tytw ttaum' 2 At NAMWAM ITOtH 3l 11 "Tx- No Stock Prices Available Due to a malfunction in the electronic equipment at William C. Roney and Benton Harbor, this morning, price quotations from the New York and American stock exchanges were unavailable today.

The firm's Benton Harbor office. will be closed Tuesday in observance of the Fourth of July. Prices Mixed NEW YORK (AP) Prices were mixed in today's stock market in light trading. On the New York Stock Exchange advancing stocks took a small edge over declining issues, but the Dow Jones aver-, age of 30 industrials was off fractionally. The market found itself in a post-weekend, pre-holiday session which few analysts expected to show much vitality.

Some observers calculated that a small rally on Friday was a signal that investors' worries over the international monetary situation were easing up, Glamour stocks were among the leaders in the Friday trading. Chart followers noted that the Dow average has been moving in a range between 925 and 970 in recent months and now 'may be in a position to test that floor. Still in the news background were President Nixon's announcement that the Paris iu9pp talks will rpsnmp.Tnlv 13 and the administration move to hold down prices on unprocessed foods. tilamouf issues agam were adtive, Eastman Kodak was up 3h to 133 and Avco was ahead 1 td Wki Northwest Airlines, now in the midst of strike negotiations, was off xk to 43. Friday's small-gauge rally lifted the Dow average 2.78 to 929.03, and advances led declines 9 to 5.

It came on the heels of six straight sessions in which the Dow declined and losers were ahead of gainer.s. for the week, the indicator was off 15.66. In the month of June it slid 31.69 points." Local Forecast Southwestern Lower Michigan-Cooler and mostly cloudy this? morning with partial clearing during the afternoon. High 67 to 73. Tonight fair to partly, cloudy.

Low 47 to 53. Tuesday partly sunny and High 67 to 73. Winds northeasterly 10 to 20m. p.h. today diminishing to 5 to 10 tonight and becoming northerly 7 to It Tuesday Probabilities of precipitation: 10 per cent both today and tonight and 20 per cent Tuesday.

Two Held On 'Pot' Charges COLOMA David S. Fnhnnks. in nf isi Washington street, Coloma, and David J. Bryan, lit route 2, Benton Harbor, were lodged at Berrien county Jail last night on felony charges of possession of marijuana. Coloma township police said Eubanks was driving and Bryan was was a passenger in a car stopped for speeding, on Red Arrow highway west of Coloma.

Four bags of suspected marijuana were found beneath the dashboard and in the pocket of jacket. Three passengers, Including a 16-year-old Juvenile, were released after questioning. StarttTour DACCA, Bangladesh (AP) -John B. Connally arrived in Dacca today at the start of a four-day tour of the Opening Demand Good Demand for strawberries good at the Benton Harbor fruit market Sunday with Midways in crates bringing between $5.50 and $7.50, mostly $6 to $6.50. Flats brought $3 to $4.50, mostly $3.75 to $4.

Strawberry volume was l6-iuart crate equivalents. Squash demand also remained very good with Zucchini and Yellow bringing $2 to $2.50 per Bquart carton. Volume was 111 cartons. Sweet cherries, mostly" Schmidts, brought between $6 and $8 per 8-quart flat. A total of 386 flats appeared.

There was a total of 155 grower loads and 13 day buyers at the market Sunday. The market was closed today in observance of the Fourth of July holiday, but will be open Tuesday. ADMISSIONS Patients admitted to Mercy hospital over the weekend include: Benton Harbor Kay Harris, 589 Pavone, Joseph Johnson, 455 Foster; Lucille Johnson, 790 Ogden; Mrs. Jessie Holiday, 847 Mineral, Clarence H. Benedix, 2140 Samuell, Pearline Bell, 38ClSttttr Crystal; Mrs.

LToycTZindler, 1062Nickerson; Angela Young, 566 Niles Mrs. Louadell Cassler, 755 Pipestone; Leroy East High; Janet Hensling, 2290 Fairplain, John Barnes, Carson's Convalescent Home, Mrs. Karl Schlabach, 812 McAllister; Mrs. Irene Licks, 1120 Circle Drive; Clarence Leggins, 1832 Highland; Tillies Cummings, 942 Buss; Johnny Renee Harris, 1125 Broadway. St.

Joseph Gloria Calbeck, 2708 Lakeshore; Kathy Piner, 419 Church. Okean, Ark. Frank Naney, Boxl34 BIRTHS Benton Harbor A girl, weighing 8 pounds 9'fe ounces, was born to Mr. and Mrs. Robert L.

Krup, 1200- East Empire, at 9:55 p.m. Saturday. A boy, weighing 6 pounds 6 ounces, was born to Mr. and Mrs. Gordon R.

Brown, route 2, Box 325 Britain at 10:44 p.m. Saturday. MR. TWEEDY -i- 4. UJ.

ttt ifrt Mercy Hospital ener 3jJJ I 4 By SAM SHULSKY Q. WE ARE INTERESTED in retiring, although we are only 55 and 45. Currently our funds are in 6 per cent savings deposits. When we leave -our business we should have about 1225,000 plus a paid up home in the South. Should we buy tax-free bonds? A.

You may plan to retire at these young but your maney can't. And that's where the problem lies. A goodly portion of your funds must continue to work at growth (call it inflation hedging or what you will). This means it must assume more risk than is generally prescribed for retirement portfolios. And high risk when you are not'working and cannot replace money lost is a worrisome thing.

The entire $225,000 invested Memorial Hospital ADMITTED St. Joseph Mary A. VanLente, 2804 Veronica drive; Christine L. Ehrenberg, 2606 Old Lakeshore drive; Oscar A Noll, 3192 Grandview drive; Mrs. Weare R.

Webster, 632 Marvin. Benton Harbor Judy K. McCord, 1440 East Empire avenue; Fausto Laratta, 2220 Butler drive. Bridgman Mrs. George L.

Burkhard, Route 1, Box 305, South Cast road. Coloma Gregory D. Nelson, Route 3, Box 197-11. Eau Claire Tracy S.Newman, Box 147. Stevensville Mrs.

C. Art Kerschbaum, 5550 Caribou Trail; Mrs. George A. Ritter, 5830 Red Arrow highway; Harold" C. Ott, 5500 Notre Dame.

Watervliet Frank Scoma Route 1, Box-877. Antioch, Calif. Robert S. Freier, 1126 Cook street. BIRTHS St.

Joseph A boy, weighing 6 pounds 15 ounces, was born to Mr. and Mrs. Thomas P. Muday, 1378 Wilshire Terrace, Sunday at 7:23 a.m. Berrien Springs A girl, weighing 7 pounds 11 ounces, was born to Mr.

and Mrs. Carl J. Gostola 2020 Lemon Creek road, Saturday at 8:38 p.m. Eau Claire A girl, weighing 7 pounds 14 ounces, was born to Mr. and Mrs.

Greg R. PriDwite, Route 1, Box 302, Saturday at 1:55 p.m. Watervliet Hospital ADMISSIONS WATERVLIET Patients admitted to Watervliet Com-munity hospital over the' weekend include? Watervliet Rokanne -Blackwell, route 2, Box Stanley Geisler, route 2. Coloma Mrs. Jerry Boomer, Box 238, Marquette road; Robert Hogue 5396 Lakewood drive.

Hartford Mrs. William Hendricks, Springdale drive. South Haven Roy Morgan, route 3, Box 129; Mrs. Mae Linderman, 453 LaGrange. BIRTH Hartford A boy, weighing 8 pounds 2'A ounces, was born to Mr.

and Mrs. BiUard Cupp, 'route 2, it 1:33 p.m. Sunday in high-grade corporate bonds would bring in $16,000, plus which isn't bad TODAY. What that income will provide in living comforts when you are 65 and 55, or 75 and 65, etc. etc.

is something I don't care to think about. Therefore, I would argue that perhaps half the total fund must be in solid common stocks, (or convertible issues) of companies that have proven their ability to keep step with the expansion of U.S. business and keep their dividend payout in step with the rise in the cost of The much-maligned utilities offer some candidates. Others could come from the better rails, oils and manufacturing firms. Some of the money could be in bonds for a solid Vh per cent income base.

And if any of your total income is taxed at 30-35 per cent or more, place the funds providing that 'Income into tax-exempts. Q. I am 70, my wife 63. We have most of our money in mutuals. Should I sell out and buy a Joint liAglnig, annuity? A.

You can go shopping for It, but I'd guess that with a young wife a joint annuity will not yield you enough to make irrevocably turning over your money worth, while. I'd lean toward putting the money into high-grade bonds and then shopping the annuity market again in, say, five years. -h Q. We are in our early 20i and earning enough to put us into the 30 per cent tax bracket. Should we sell out our investments on we have a profit to pay cash for a house, or raise money on a mortgage? A.

Anyone who is only 24, who pays 30 per cent in income taxes, and has managed to invest successfully is, it seems to me, the perfect candidate for borrowing on a home mortgage. Q. I'm retired, 66, and would like to buy some bonds. I travel around a lot aad would prefer coupons, rather than having the interest mailed to me. If you want eoupon bonds, tell your broker.

You'll And, however, that many recent issues are being put out only in registered form. A word or caution: if you move around a lot, are you willing to assume the risk of traveling with' thousands of dollars of bonds on your person? I'd think twice before voting for that. Why not see whether you can't arrange with your bank to have the semiannual interest checks from registered bonds mailed directly to your bank account? Holdup Suspect Is Captured WARREN, Mich. (AP) -San Diego Police have arrested a man charged with the March 27 armed robbery of the Ryan Armored Car Service in Warren. William Arthur Kelly, 36, was arrested Saturday after police stopped him fordrivfng without lights in downtown San Diego.

A routine check revealed he was wanted on a fugitive warrant in Michigan, police added. Police said KeUy believed to be one of three men who beat a Ryan guard in a supermarket parking lot, fleeing with some $110,000. Two men were apprehended and $48,000 recovered when they returned to a car parked in the lot. A 25-foot cabin cruiser, sank in 12 feet of water yesterday while searching for another distressed boat. Berrien sheriff's Marine Deputy Thomas O'Neill said the Jim-Nan-D, owned by Royce Leary of 468 Western avenue, Fairplain, rammed into an old piling about 75 feet offshore from the St.

Joseph water pumping station and sank. Leary, who was operating the boat, said he was in search of a distressed vessel near Lions Park in St. Joseph, and saw some people on shore waving to him. He said he headed the boat towards shore to see if they had any information on the distressed boat, and he struck the piling. Leary said before the boat went down, he sent a "Mayday" message to the Coast Guard, and a cutter from the St.

Joseph station arrived and pulled him and a passenger from the water. The passenger was identified as Gino DaDan, 1408 Wolcott avenue, St. Joseph. Deputies said the sinking occurred at about 1:30 p.m. The Coast Guard 44-foot cutter, then went on in search of the boat that sent in the original distress.call and found Fireworks w- UlSDlBV -rCFf At Lawton LAWTON A fireworks display will be held at dusk tomorrow at the Lawton high school athletic field, Lawton.

The display is being sponsored by the Lawton fire department and Lawton businessmen. Refreshments will be sold at the field by Eastern Star, Boy Scouts and -Gir Scouts. South Haven Hospital SOUTH HAVEN Patients admitted, to South Haven Community hospital this weekend included Mrs. Gaude James, Ralph Hanestad, Mrs." Claire Smith, Mrs. Linda Sisson, Wilton Dillingham, Howard Brewington, Miss Tracey Keeny, of South Haven; Mrs.

Sedonie VanDeWiele, of Hartford; Stanley Hojnicki, of Bangor. by Nod Riddle with one u. it about five and a half miles south of the pumping station. The boat was. an with an outboard motor that had broken down.

Coast guardsmen than pulled that' boat back to safety. There were two persons on the boat, its owner, Richard Heft of Chicago, and another passenger. Coast guardsmen answering the two distress calls were James C. Johnson, Robert Lett, Eric Swaim and Jerry Nickless. Chief Robert Woodard, officer in charge of the St.

Joseph Coast Guard 'Station said the Coast Guard auxilary is made up of area citizens who own vessels. It is a volunteer organization that assists the. Coast Guard on weekends, during heavy water traffic. Young. Man Killed DETROIT (AP) Detroit Police said Sunday they are seeking the gunman who fatally wounded 19-year-old Michael Syjud in the front room of his new house.

Syjud's f-oomates Dave Gausden, 20; Dave Rennie', 19, and Henry Leslie, 20 said the four of them plus a friend had been painting their recently-acquired bungalow late Thursday night when three men walked in. The men brandishing two pistols and a knife ordered the youths to lie on the floor. All did, save Syjud who slumped to the floor facing the gunmen, his roommates said. The three then robbed them of some $50. "They wanted to know if we had any heroin," Gausden said.

"They went all over the'house tearing everything up. They tore our posters down from the wall to look behind them. Gausden said, one gunmen' looked at Syjud and-said, "If you don't tell us, I'm going to put a bullet in your leg." Gausden said Syjud "started breaking down," and began begging the gunman not to shoot him. The man leaned over and put a .44 caliber bullet in Syjud's head, Gausden said. He died Saturday in a Detroit hospital.

Detroit Police said they, are seeking a 1965 to '68 Plymouth, but have no other 'Rock' Title Is Shared By Pair MACKINAC ISLAND, Mich. (AP) There were good rock reviews Sunday for Don Defter of Union Lake and David Pa-terson of Birmingham as the duo hurled identical 10-skip stones to win the Fourth Annual International Stone Skipping Tournament. Officials cleaved the tourney's Little David Trophy a 75-pound rock in half, presenting a hemisphere to each winner. It started out as a minor traffic violation Saturday evening, and could have ended with a ticket or verbal warning" being issued. But it.

ended with a scuffle, two brothers. jailed, and 13 police officers at the scene. Trooper Donald Brooks, of the Benton Harbor state police post, said he stopped a car on Pipestone road near 1-94 at 7 p.m. Saturday for weaving across the center line, and as he approached the car two men got out to meet him. Brooks said he asked the driver for the car's registration, and the other man said the car was his, and handed Brooks the registration paper.

The driver, Brooks said, grabbed the registration back and swore twice at the officer. Brooks said he informed the man if it happened again he would be arrested. Brooks said he got the paper back, and then the man grabbed the trooper's shirt and made a fist. Brooks said he attempted to place the man under arrest, and a scuffle ensued. A call was made for assistance, and Trooper Charles Coleman, also at the scene, held the other man back from the fracas.

Brooks said Det. Raymond Peters, of Benton township, police, arrived and was also hit by the man during the scuffle. Brooks sustained cuts to the neck, ears, hands, a bruised knee, while Peters was hit in the jaw and ear. Coleman sustained a cut hand and a bruised forearm. Attention Luxury Car Buyers Ralph Schwarts Mrcdi Imi Mnf for the Ultimata and4 Uniqua driving axpari-e nee Ttif Drive a Martadat'Bant FREEMAN -SPICERCO.

110 1. lrtt-S. Sand dLuX3- m3 II f- "One thing I DONT need is a room of those vibrator beds in.