The Town Talk from Alexandria, Louisiana on April 11, 1974 · Page 21
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The Town Talk from Alexandria, Louisiana · Page 21

Alexandria, Louisiana
Issue Date:
Thursday, April 11, 1974
Page 21
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ALEXANDRIA DAILY TOWN TALK, ALEXANDRIA-PINEVILLE, LA., THURSDAY, APRIL 11. 1974 SECTION B-PAGE NINE BUSINESS and FINANCE Stock quotations courtesy Howard, Weil, lobouisse, Friedrichs, Inc. 808 Third Street, Alexandria Stock Prices Close Mixed Selected Stocks Yesterday's N Y. Stocks Close Allied Chemical 41Vj Alum. Co. of Amer. 49 Amer. Brands 343i American Con 27'M American Motors 9V4 American Tel & Tel 48H Anaconda 25V Belden Corp. 16 Bethlehem Steel 323 Boise Cascade 16H Cessna Aircraft 1534 Chrysler 1734 Cities Service 4734 Cleco 153 Columbia Gas 24s Dresser Indus. 46'4 Dupont 16934 Eastman Kodak 105 Esmark 30V8 Exxon 79'e Ford 50 General Elec. 5334 General Motors 50 General Foods 251 Goodyear Gulf Oil 22"2 Holiday Inns U5'a IBM. 230V4 International Paper 523 Kresge 30','s La. Pocific 22 Mobil Oil 44' 4 Ponhondle Pipe 32H Penn Central 2Vj Penney, J. C. Co. 6834 Pennzoil United Co. 25"i Procter & Gamble 86 v Reynolds Indus. 42V Sears Roebuck 8l"i Southdown 13V4 Standard of Calif. V" Tenneco 21 V3 Texoco 27Vj Texas Gas Tronsm. 27 Tex. Ind. 1914 Tidewater Marine 33' Time 38" United Aircraft 27v United Co. Fin. 13' U.S. Steel 41". Westinghouse 18"s Wickes 1334 Over the Counter (Representative Inter-dealer quotations at approximately 9 a.m. from the National Assn. of Security Dealers. Prices do not Include retail morkup, morkdown or commission.) Combined Ins. of Amer. 8"b- 9Vi Exch. Oil And Gas 8"4- 8V5 Funk Intl. 14'4.15Vj Guaranty Corp A 6"a- 6V Howard Bros. 3 . 315. Hughes Supply 14"215"2 Ocean Drilling 57'2-58"2 Ocean Oil ond Gas 18 -18 Commodity Markets (Wed.) Markets at a Glance NEW YORK (AP) - Markets at a glance: Stocks Higher. Cotton Higher. CHICAGO: Wheat - Higher; fair demand. Cora - Higher; late short covering. Oats -Mixed; light trade. Soybeans - Mixed; late selloff. N.Y. Cotton NEW YORK (UPI) Cotton futures ranged 20 points lower to 120 points higher. May 63.30b p 1.20; Jly 62.00b up 1.03; Oct 57.40b up 0.26; Dec 55.80b up 0.08; Mar 56.20b off 0.05; May 56.65b up 0.10; Jly 56.80b off 0.20. Chicago Grain CHICAGO (AP) - Farm commodity futures moved over a wide price range on the Chicago Board of Trade today and closed, in most cases, with small gains. Early strength in the soybean complex was linked to some firmness in prices quoted abroad for soybeans, meal and oil. After a flurry of profit-taking in the three pits, prices retreated. Early gains ranging up to 14 cents in soybeans were almost wiped out. Corn and oats futures also attracted buyers. Corn advanced 5 cents a bushel and oats around 3 cents before both pits weakened at the dose. The late selling was attributed to reports that field work was well ahead of last year. At the close, soybeans were mixed, May 5.48; Chicago wheat was 2 to 4 higher, May 4.28 and Gulf hard red was 5 to 6 higher, July 4.31; corn was hig'her, May 2. 67'. and oats were mixed, May 1.21Vi- Hiizh Low (lose Will: AT May Jul Sop Doc Mar 437 4 12 4 14 4 IS 4 20 (Guir 4.:ifi 4.37 441) 4 18 39fi 397 4 02 407 hard 424 4.26 430 4 28 403 406 4.08 4 11 red) 431 434 436 WHEAT Jul Sep Dec CORN May Jul Sep Dec Mar 269 2.701,4 264 251 255 1.2314 1.25 1.2H:i 1.32 1.33 2 63 2 67 2.64 2.681,4 2.571.4 2 62 2.4514 2.49 2.50 2.53 OATS May Jul Sep Dec 1.20 1. 21-14 124 1.30 1.30 1.2114 1.23 I.2514 130 1.301,4 Mar SOYBEANS May Jul 556 5.51 5,3914 5 48 5.36 5.44 QUEEN'S CLOSET Spring Merchandise Lady Caper Mate Pants, Vests, Skirts, Shirts & Shells Come in & register for Isotoner 500 Gloves To Be Given Away Each Month. . , The Queen's Closet, 4134 Jackson St. Ext. Cenla s Header's for the large and half sizes fgure. S.zes 1 22 32'A . . 38-54 . . . Mrs. Elaine Spurlock, Mgr. NEW YORK (UPI) - Investors, still concerned by the sharp rise in short- term interest rates, turned aside an early rally on the New York stock Exchange Wednesday leaving stock prices mixed. Trading was light. After running more than four points ahead during the morning, the Dow Jones Industrial Average closed 3.13 lower at 843.71. Early buying was spurred by some strong first quarter results, as well as bargain hunting. Standard & Poor's 500-stock Index fell 0.21 to 92.40. The price of an average common share lost six cents. Trading slowed to 11,160,-000 shares, compared with 11,330,000 shares the previous session. On the American Exchange, prices fell in very light activity. The price of an average AMEX common share dropped five cents. Sales totaled 1,690,000 shares, against Tuesday's 1,-930,000 shares. Offshore Log 13'-14'4 Peochtree Equities 17 -17H Pennzoil Offshore 7 7'4 Plato B 3V4. 3'2 S. African Land & Dev. W4-201! Texas Intl Air 3Vj. 3'' Transocean Oil 12'-12t H. J. Wilson 9'i-10'4 Mutual Funds Allstate 9.71-1044 Anchor Growth 6.58- 7.21 Colonial Income 9.08- 9.92 Commerce Fund 7.65- 8.36 Fidelity Trend 19.88 21.73 Ind. Trend 9 86-10.78 Mass. Cop. Dev. 12.4313.58 Mass. I nv. Growth 10.27-11.22 Mass. Inv. Trust 10.11-10.05 USAA Cop Growth 8.28- 8.28 Aug Sop Nov Jan Mar 547 5.38 5.30 5.32 5.34 5.32 5.24 5.17 5.20 5.24 5.36 531 5.24 5.27 5.31 Farmer's Market NEW ORLEANS (UPI) -On the Farmers French Market today trading was fair, supplies were light. Cabbage - $2 CoIIards $1.50-$2 Mustard -$2.50 Shallots - .90 Strawberries $5 Sweet potatoes $8.50-$9 La. Livestock BATON ROUGE, La. (AP) Farm markets-Louisiana Department of Agriculture : Livestock-(April 9) Ope-lousas, La.: 315 head sold. Commercial slaughter cows 32-34; common and medium stocker 30-33. Cow and calf per pair, medium 300-400. Hogs: 152 head sold. Choice barrows and gilts (180-250 lbs.) 35-37; medium barrows and gilts 29-32; butcher pigs 35-40; sows (400-lbs. down) 25-30. Grain-(April 9) Louisiana Gulf ports: prices paid fob. track or barge at elevator for export No. 2 yellow corn $2.70-2.76 per bushel and No. 1 yellow soybeans $5.31-V4-5.50 per bushel. Cotton-(April 9) - Memphis-mid 1-1-16 inch 64.10; SLM 61.60; purchases 4,943; Greenwood-mid 63.10; SLM 60.60; purchases 2,514; Houston-mid 61.00; SLM 58.00; purchases 141. Strawberry-(April 9) Hammond and Ponchatoula areas: demand very good; market steady, f.o.b. shipping point 12-pint flats, various varieties, medium $4.75-5.25, mostly $5.00. Hens: heavy type hens at farm 5,000 head at 17 cents. Eggs: store door delivery grade A ex-large 67-68; large 65-66; medium 54-56 cents per dozen. Poultry ATLANTA, Ga. (AP) -The Georgia f.o.b. dock offering price on broilers and fryers for next week's trading is 36.00 based on full truck load lots of ice pack USD A Grade A sized 22 to 3 pound birds. The market is improving and the live supply is adequate to barely adequate for a near normal holiday demand. Sizes are desirable to a little light. Trading on hens is good. The market on heavy types generally steady, light type weaker. lUIHWUIW.HIIillDim .WI1J1 11.11 1 HIM IHIUb'H- .1-1 Jl I.I. .1.1 .11 Mf mmmSA mmMl lh!mr0 nti&g NEW ORLEANS' TALLEST - Financier Lous Roussel stands behind model of $110 million skyscraper complex he plans for downtown New Orleans. At left is 56-story National American Bank building. At right is 40-lcvel, 800-room Grand St. Charles Hotel, which will rise on site of old Sheraton-Charles Hotel. Roussel announced plans for the complex Wednesday. The new bank building will be five stories taller than One Shell Square, now the city's tallest building. (AP Wirephoto) Forest Service Stance On Dump Stirs Protest By Len Sanderson (Town Talk Staff Writer) Rapides Parish Police Juror Gene Dunn said Wednesday he was "concerned" with a jury motion to restore the Ward 1 dump on Twin Bridges Road. Dunn, Ward 1 juror, said he had been pleased with the cooperation of the U.S. Forest Service in,' the past, but thought the "bureaucracy" within the service had "forgotten that the people are the ultimate owners of the forest property." He said the Forest Service told the jury to restore the Ward 1 dump to its original state several months ago. The USFS also asked the jury to restore the site to the satisfaction of the Forest Service, he said. "I am concerned that citizens in Wards 1 and 8 will now have to drive to Ward 10 to dump garbage," he said. "It is beyond my comprehension that of the thousands of acres around the parish, the service will not allow citizens to put a dump or sanitary landfill on this property," Dunn said. "It appears the National Forestry Service has forgotten who the ultimate owners of the property really are namely, the people." He said the service had rejected requests from both Sen. Russell Long and Sen. J. Bennett Johnston, and Rep. Gillis Long, to allow some type dump be placed on the property. They each asked the Forest Service to honor the jury's request for such a site, Dunn said. "We are now using the Alexandria landfill for all dumping and are satisfied with the price," Dunn said. "I am just disappointed with the bureaucracy in the Forest Service that will not allow the jury to use some of the land for a dumping facility." Dunn said he had no complaints with the local Forest ON BEHALF of the CITIZENS OF We wish to publicly express our appreciation to the Mayor and City Council of Alexandria for their actions which resulted in the legally required publication of the proposed Home Rule Charter for Alexandria, and for setting the date for the public ratification of that Charter. These actions, in response to our previous request for such, deserve our thanks and we offer them. People for a V V V Service office, but thought the Washington "red tape" was responsible for making the decisions. "I don't know that any jury members' statements will make any difference in the matter," Dunn said, "but I think we should let the people know some background on the subject. I think it is our responsibility to make the people totally aware of situations surrounding the jury's decision Tuesday night." The Jury's Public Health and Sanitation committee was informed at its March 6 meeting that the National "Forest Service would no longer allow dumping on its land after June 30. The Forest Service said the present dumps must be pushed, covered and seeded and all fences removed. The parish dumps ordered closed were Gardner, Ward 7, Ward 5, Camp Claiborne and on the Twin Bridges Road in Ward 1. Dale Fisher, Evangeline District ranger, told the committee that once the dumps were closed the areas would be patrolled 24-hours a day and would be kept clean. Herbert Crowe, a representative from the federal Environmental Protection Agency, met with the committee March 27, explaining the reasoning behind the dump closing. Crowe said dumping operations on federal lands was being halted because "the federal government feels it must get its own house in order before launching a sanitary landfill campaign." He said the EPA was not responsible for the closing, but that the Office of Management of the Budget gave EPA direct orders to close disposal areas on federal land. He later told jurors federal lands could be used if there was not one suitable tract of private land available. ALEXANDRIA Better Government Robert C. Upton, Chairman Johnston Keeps Low By Sam Hanna (Town Talk Correspondent) WASHINGTON - Sen. J. Bennett Johnston, (D-La.) is very carefully avoiding any direct connection with pending bills that could bring Louisiana several billion dollars in the next few years. He is letting senators from other coastal states introduce bills, on which hearings start May 6, to give the adjacent coastal states as much as half the federal government's revenues from oil and gas wells off their shores. Similar bills, many by Louisiana congressmen, have been introduced over the years and promptly buried. The Senate Interior Committee's hearings will mark the first time they have even reached the stage of formal discussion. The problem with all such bills is that no matter how they were written they appeared to be handouts only two states: Louisiana and California. No other states had EASTER b . L DECORATED EASTER BASKET FILLED WITH CANDY $ 1V4 Stuffed Toys Rabbit-Chick Duck il !p any significant oil or gas production from the ocean beyond the three-mile limit. The energy shortage and the resulting higher prices of crude oil, combined with new geological studies, have greatly changed the prospects of drilling elsewhere but have not greatly altered the political situation. Before long, drilling is expected to start off the coasts of Maine, New Jersey, Delaware, Florida and Alaska if all the environmental problems can be solved the owners of beach resort property placated. This has brought share-the-royalties legislation by such senators as William D. Hathaway, D-Maine., Lawton Chiles, D-Fla., and Ted Stevens, R-Alaska. The Hathaway and Chiles bills differ in details but essentially would allocate half of all the royalties from the outer continental shelf to the adjacent states. In other bills, the adjacent state's share ' 1 630 Military Hwy. Pine Plaza Shopping 9 a.m to 8 p.m. Monday Thru Dlillii PARA PLASTIC EASTER BASKETS & BUCKETS Easter k V 5188 H R LARGE SELECTION EASTER WREATHS $184 $199 TO Ladies' Stretch PANTY HOSE Reg. 77c SPECIAL c Profile on would be somewhat lower or almost nothing. All the proposals have inducements for the inland states. Varying shares of the total royalties would be allocated to them, usually for stated purposes such as recreational facilities. Some of P&G Elects New Officers (Special to The Town Talk) CINCINNATI, Ohio -New top officers of Procter & Gamble were elected Wednesday by the company's directors, effective May 1. Edward G. Harness was elected chairman of the board and chief executive officer, and John G. Smale was elected president, with responsibility for all of the company's operations in the United States. Owen B. Butler was named vice chairman of the board and will have supervisory responsibility for P&G's operating staff departments. William R. Gurganus was Mall-Pine ville-Open Saturday CANDY EASTER EGGS 33( PKG. CHOCOLATE EASTER BUNNY DECORATED W EASTER BASKETS Filled With Candy SPECIAL 1.27 PLASTIC EASTER QAUn PAIL Jl "TAhIIaH With IGIII Candy rtt an SPECIAL LADIES' SANDALS' Beige Or White SPECIAL SPECIAL Oil Bids the plans also call for establishment of a marine conservation fund to provide all coastal states with benefits like hurricane protection, wetlands studies, increased funds for the Sea Grant Colleges and other marine-related activities. elected president, Procter & Gamble International, and will be responsible for all P&G operations outside the U. S. Howard Morgens has been Procter & Gamble's chief executive officer since 1957, serving in that capacity first as president and then as chairman of the board. He will continue as a senior official of the company and will become chairman of the executive committee. Harness, 55, has been president of P&G since 1971, and has been an employee of the company for 34 years, the last 12 as a member of top management. USE YOUR Decorate Eggs With DECOREGCER MACHINE 99 REG. $1.69 PLASTIC EASTER EGG WITH ANIMAL SALC PRICE $1.99 I Each HUGGLIES EASTER PLUSH ANIMAL ASST. Special S188 !4' PAIR MODEL 220 GAF POCKET CAMERA POLAROID COLOR FILM Type 108 FLASH ,3 CUBES POLAROID COLOR . FILM Type 88 For Square Shooter M..J . ( j8lNMtiriB) jjptffo OR mi ii p 1 :;reg- Il Js-y88 13.88 3 Cubes ' PerPkg. fTfC Reg. Q I 77c W

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