The Sheboygan Press from Sheboygan, Wisconsin • Page 16

16 Sheboygan Press, Wednesday, July 12, VJ12 Financially Troubled Meister Brau Files For Reorganization Heileman Buys Three More Midwest Plants City Briefs Today's Markets Stock Market Report Among Heileman'i ever expanding brewing chain Is Sheboygan's Kingsbury plant where it is currently brewing and distributing several brands, Including Klngsury, Blatz, Braumeister, Fox Head, NOON AVERAGES Industrials 928.80 2.93 Utilities 107.61 .10 Transportation 230.46 .35 Volume 8.200,000 Noon New York Prices Provlded by Wayne Hummer i Co. The petition listed both as-sets and liabilities at 23,510.512 as of May 31. James W. Howard, president of the company, said the reorganization was sought "when it became apparent that after incurring substantial losses over the past' several years, the company was not able to meet Us obligations to creditors as they came due." The financial statement showed a cash balance of only $434,986 and long term liabilities such as unpaid loans and deferred income tax payments of $11,777,675. Since the statement date of May 31 the company has sold several assets including Kanda a West Coast candy distributorship; Meister Brau, Lite and Buckeye beer brands, and Better Brands of Illinois, a wholesale beer distributor.

The beer brands and distributorship were sold June 29 to the Miller Brewing Co. of Milwaukee. Miller did not buy the breweries in Illinois and The Loyal Order of Moose will hold their monthly meeting at 8 p.m. Thursday at the Moose Hall, 10th Street and Ontario Avenue. There will be a social evening after the business meeting.

Members are urged to attend. A 6 3-year-old Sheboygan man was reported in satisfactory condition today at St. Nicholas Hospital, suffering from bruises received in a fall at Park and Shop West, 1807 Erie Ave. Alfred E. Burkart, 2327-A Kroos fell on some bottles he was returning to the store Monday afternoon, police said.

An explosion occurred in a paint drying oven at the K. W. Muth 2021 North Tuesday night, causing approximately $1,000 damage to the machine. A company spokesman said today the explosion was due to a dust build-up in the oven, causing a "backfire." Between 30 and (40 damage was caused when a 1970 Plymouth belonging to Steven Grube, 21, of 415 Bell was scratched on the right rear fender and right rear door. He said the car had been parked in several locations.

Police were informed of the vandalism Tuesday afternoon. Police were informed by Edward Stegner, 1413 Jefferson that a BB pellet had been fired through a screen and window at the front of the house. The incident was reported Saturday morning. A parking standard was reported missing from Trilling Hardware, 9th Street and DowChm 90' DuPont 164 EasKod 13514 FstNCity62 Ford 6314 GAF Corp 23'4 GenElec 65 OenFood 25 GenMot 74 GenTelE126 Gidd Lewis 13 Gilbert Flex 44 Greyhound 17 Gulf Oil 24 Holidylnn 521, IBM 398 Int Harv33'4 Int Pap 35'4 JoneLau 17 Kennecott21 KimbClk 34 LingTemVtl2 Litton Inds 13 Lockheed Air 10 Mad Fd 13 Magnvox 30 Marcor Inc 22 Marqutt Cem 10 MartlnM 20 Purchase of three Midwest plants of Associated Brewing Detroit, by G. Heileman Brewing La Crosse, has been announced In a joint statement by presidents of the two firms.

Russell G. Geary, Heileman president, and Herbert S. Epstein, who heads Associated, said sale of the Drewery plant in South Bend, Sterling In Evansville, and Schmidt in St. Paul. is expected to be concluded this month.

The three plants had 1971 barrelage sales in excess of two million and total dollar sales of 50,341.603. Given Court OK Last month U.S. District Court Judge Robert DeMascio in Detroit refused to grant a temporary restraining order preventing the sale. Refusal to grant the order, sought by the U.S. Department of Justice, cleared the way for completion of the deal.

Cleary said his directors have ratified the contract and Heileman will continue to brew and market the major brands of Associated's western plants. He reported the purchase price as 7.5 million, plus the June 30 amount of certain inventories, accounts receivable and other current assets. Based on the Dec. 31, 1971 statement, the estimated total purchase price will be about 16 million, a portion of which will be paid by the satisfaction of certain operating liabilities assumed by Heileman. Michigan Avenue, police were informed Saturday morning.

The standard was painted bright orange. Adam Ex 12 Akzona 30'2 Allied Ch 293', Allis Ch 11 AmAirlin 33 Am Motors 9'4 Ametek 18'4 AMF Inc 62 Ampex 7'4 Anaconda 16 Armst CK 35 Atlas Corp 21, BeatFds457, Bern is 20 Bendix 46 BethSU 28'2 Boeing Co 22 BoisCas 12 Borden Brunswck 52'J Burrghs 186'4 Chespk Ohio 47'2 Chrysler 30 Clark Oil 13 ComwEd Wi Cont Iv 1G5, Contl Oil 25 CPC Intl 31 Dart Inds 56i DetEdis 19 CHICAGO (AP) Meister Brau, a brewing company, filed a petition in U.S. District Court Tuesday for voluntary reorganization under the federal bankruptcy laws. Crime Rate Rise Lowest In II Years WASHINGTON (AP) -Serious crime in the nation during the first three months of this year rose only 1 per cent, the lowest increase in 11 years, the Justice Department announced today. The rate of increase was 6 per cent a year ago, and 13 per cent In 1970.

Atty, Gen. Richard G. Klelndienst, in releasing the figures from the FBI's Uniform Crime Report for the months January through March, also said that 80 of the nation's largest cities reported reductions in serious crime in the first three months of 1972. 59 Show Decreases In 1971, 59 cities showed a decrease, while only 22 had a decline In 1970, he said. The most significant change in the three months, said Kleindienst, occurred in the six cities with more than a million population.

In the first quarter of this year, the number of serious crimes in those cities rose 6 per cent, one half of the 1971 irxrease of 12 per cent. The nationwide crime statistics are compiled by voluntary reports from 6,068 local, county and state law enforcement agencies. ale! Ohio. Meister Brau had bought Better Brands only a few months ago in hopes of profiting by the investment. FROM PAGE 1 Chess difficult position when the game was adjourned after 40 moves Tuesday night.

The victory gave Spassky a 1-0 lead in the 24-game match and an important psychological advantage. Fischer has never beaten Spassky. His winless streak against the Russian now stood at six games. McDonalds MGIC Invt AMERICAN STOCK EXCHANGE Alum Spec 12 Behring Corp 8 Gabrial Ind 12 Medalist Ind 20 Mirro AI 40 SecMrgI 16 Tenna Corp 77s Tenneco wts 5 Big freezer savings. City Plan Commission Favors Zoning Changes weDer, ana runsoury near beer and malt liquor.

John Adam, plant manager at Kingsbury, noted that cur-rent production of all brands here is at a satisfactory high summer level, with some 30 young seasonal employes added to the work force. He pointed out, too, that the bulk of near beer produced here is shipped to Saudi Arabia, and the malt liquor to Arkansas and Texas. Hunting Preserve Zoning Change In Dispute SPARTA, Wis. (AP) The status of a zoning change which would accomodate development of a hunting preserve near here appeared in nnpsrinn tndav. The town of Oakdale Tuesday became the fifth of nine tnuinchirw ImmlvpH in the dis pute to file a formal complaint against the.

Monroe County Board zoning amendment which set up buffer zones for the preserve. Opponents of the facility have said that if a majority of townships objected to the amendment the board action would be nullified. But developers of the project have claimed that the town objections are invalid under revised statutes. in Wo charge for color. No time to lose.

jj Milwaukee Livestock MILWAUKEE AP) Th est-tit market opened Heady to uk to lower at the Milwaukee Stockyaidi today. Calve opened woak, hogs steady to weak and abaep steady, fcstf-mated receipt: 600 catlie, 300 calvei. WO hogs and ttaeep. Tueiday'i cttlt market closed steady. Good to choice steers 33.S0-37.S0.

Good to choice heifers 31.S0-3S.S0. flood Holiteln iteeri 32.00-33.00. Standard to low eood steers and neuers 2s.WKti.vo. Dairy heifers 27.M 29 SO. UUlity cows Canners and cutters 22.O0-26.00.

Commercial bulls 37.S0-33.S0. Common 2I.S0-33.O0 CALVES Tuesday's market closed 2.00 higher. Choice calves SI Good 52.00-58 00. Common 40.00-48.00. Culls 40.00 and down.

Mnr.s Tuesday's market closed steady Lightweight butchers 28.25-28.7!. Heavy butchers i6 Light sows 23 Heavy sows 22.00 23 00. Boars 21.50 and down. LAMBS Tuesday's market closed steady. Good to choice 25 Common to utility 20.00-24.00.

Culls 14.00-19 00. Ewes and bucks i Fstlmnted recelnts fer Wednfi- dav: 600 cattle. 300 calves, 500 hogs, SO sheep. Milwaukee Produce MILWAUKEE (AP) Produce: POTATOES Calif. U.S.

No. size A red, SO Cjf.red SO 100 $7.50. 100 lbs. long white $8.00. Chicago Cash Grain CHICAGO (AP) Cash Grain: Wheat No.

2 i soft red 1.53Vin; No. 2 hard red l.S5',n. Corn No. 2 yellow 1.29 J4n. Oats No.

2 extra heavy white Soybeans No. 1 yellow 3.51n. Soybean Oil JO.Mn. No. 2 yellow corn sold Tuesday at 1.30..

Reedsville Market Tuesday, July 11, 1972 CALVES Steady. Fancy Selects $3. Choice to Prime 52-61. Good to Choice (0-52. Standard to Good 40-52, Throwouts 30 down.

HOLSTEIN REPLACEMENT CALVES Hoi. Bulls 55-75. Hoi. Heifers 55-95. Beef Calves 42-75.

COWS Steady. Utility Cows Canners and Cutters 23-26. Shelly Canners 21 down. DAIRY HEIFERS Steady. Utility to Commercials Canners and Cutters 23-26.

BULLS Steady-weak. Commercials 28-32. Cutters and Utility 26-28. FED STEERS AND HEIFERS Steady. Choice te Prlmfl 32.50-35.50.

Good to Choice 29-32. Standard to Good 26-29. HOLSTEIN STEERS Steady-Weak. Good Standard to Good 26-28. HOGS Steady-Strong.

Butchers sold from Sows Boars and Stags 19-21. Mutual Funds Affiliated Dreyfus 12.87-14.10 Eaton Howard Funds: Balance Growth TnrnmH 6.48-7.08 Specal li.ia-u.iv Stock 14.24-15.56 ii Capital 3-M- 36 Fund 17.15-18.74 Puritan 1S-2HH2 Trend 27.78-30.36 Investors Group: Mutual Stock 21.38-23.24 Variable Pay 9.30-10.11 Mass. Financial Service: Mass. Inv. Trust Mass.

Inv. Growth 15 Mass. Inc. Dev. Newton 21.38-23.37 PHtman Funds: Eaulties Il.45-lz.5l o2ore 16.50-18.03 Growth 12.62-13.79 Income 8.44-9 22 Investors Vi ii'W Vista 12.70-13.88 Vovager Union Service Croup: Broad Street National Investor Vance Sanders, Funds: Boston Wisconsin Fund Zlegler 11.55-12.62 15.29-16.71 10.03-10.96 8.20-8.96 6.71-7.33 11.55-12.62 City Gets 3rd Degree Plus 90 Tuesday was a drippy day in Sheboygan, but the liquid came from perspiration, not precipitation.

The temperature hit a scorching 93 degrees making it the hottest July 11 in the city since the infamous heat wave of 1936 when it was over 100 for four days in a row. Generally, Lake Michigan is Sheboygan's big friendly blue neighbor who manages to keep a cool lid on the city. The neighbor wasn't up to par Tuesday though because the city's high was only one notch below the state high of 94 in Madison. It did fall to 61 overnight here however. The highest temperature ever recorded in Sheboygan in this century, incidentally, was a sizzling 107.

That mark was reached twice, once in 1936 (during the above-mentioned heat wave) and once in 1918. A quick check of Press weather records shows that there have been 27 100 degree days in this city. It will probably be some time however before that 1936 heat wave is topped for discomfort. On July 8, that year, it hit 96, and on the four succeeding days, it was 103, 107, 102 and 104. The mercury hovered near the 100 degree mark for the next three days before dropping in to the more comfortable 80s.

The current heat wave has spawned some heavy thunderstorm activity around the state. Moniant 50 Nat Cash 31 Nat Distil 18 Occid Pet 11 Ohio Edis 21 Outbd Mar 54 PanAm Walr 15 Penney 78 Petrlm20 Phila El 22 Ramada 23 RCA 34 Redman 28 SCM Corp 15 SearsR 107 SpcrryR 40 StOilCal 62 StOillnd 68 StOilNJ 74 Survey 23 Telex Cp 8 Tenneco 23 Texaco 31 Thomln 28 UnCarbide 45 UAL Inc 35 US Steel 29 Westgh El 50 Wheel Pitt Stl 20 WisEIPw 22 Wise PS 16 60 Corp 69 Zapata Norn 27 OVER THE COUNTER AND MIDWEST Heileman 18 Koss Corpll-12 Mortgage As 26-27 Popeil Bro 5-5 Schultz Savo 7-8 Telcor Inc 31-32 Tele-Tape Cp 2-2 Versa Tech 10-11 WiscPwLt21-21 the northwest corner of N. 9th Street and New York Avenue. Ron Feld Photography has proposed relocating its studios to the house, but the commission pointed out that under the forthcoming urban renewal project, that area is programmed for residential usage. FROM PAGE 1 Badgers gether We Will Win" began appearing on lapels of convention goers at the Wisconsin hotel headquarters and Convention Hall.

Other names being discussed as possible vice presidential nominees were Florida Gov. Reubin Askew, United Auto Workers President Leonard Woodcock, Sen. Abraham Ribi- coff, Sen. Walter Mon-dale, Sen. Mike Gravel, Alaska, and former Gov.

Endi- cott Peabody of Massachu setts. Frank Nikolay, chairman of the McGovern Wisconsin caucus, said he thought Democrats would be seriously considering Lucey, Askew and Gravel. "I think Gaylord is a strong possibility," he said, "but I don't think he'd be interested." John Anderson of Stevens Point, a backer of Sen. Hubert H. Humphrey before the Min-nesotan bowed out of the race for president, said he thinks "it's great" that Lucey and Nelson were being considered by the party.

"I wonder, though, if it might not present too regional a picture" if McGovern were paired with either Lucey or Nelson. "If we come up with such a ticket it might mean kissing the South goodby," Anderson added. Nikolay and alternate Ted Kinnamon of Janesville said they hope McGovern would throw open the selection of the vice presidential candidate as the late Adalai Stevenson did in 1956. "I would prefer to have the selection open and on the floor," Nikolay said. "We'd have at least as good a candidate for vice president as if he were hand picked," Kinnamon added.

Differences in the delegation over McGovern and Humphrey prior to Humphrey's withdrawal continued to create friction even after the Minnesota sena tor had bowed out of the race. Some of the 13 Humphrey delegates resented efforts of the 54 McGovern boosters, including Lucey, to lure them into the McGovern camp. Harvey Kitzman of Milwaukee, cochairman of the Humphrey delegation, was the first to join McGovern. Several others appeared set to follow. But at least seven announced to a closed caucus thev in Save3195 Reg.

299.95, Sale $268. 1 8.1 1 cu. ft. vertical freezer holds up to 653 pounds of food. And it's completely frost free.

Slide out basket makes big packages easy to store, easy to reach. White, coppertone, avocado. $12 a month Sale prices effective thru Saturday. Save 3195 Reg. 259.95, Sale $228.1 5 cu.

ft. vertical freezer stores up to 532 pounds of food. It's completely frost free, too. The slide out basket makes big packages easy to store, easy to reach. White $10 a month Save2195 Reg.

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chest freezer. Vertical freezerfeatures541 pound capacity, slide-out storage basket. Chest type has 628 pound capacity and movable basket. White, avocado or harvest gold. $8 a month Laundry closeout! Sheboygan's City Plan Com mission acted on a variety of proposals during a busy session Tuesday night.

The commission recom mended that the Common il approve a zoning change which will pave the way for the expansion of Paper Box Specialty manufacturing and warehousing facilities at 1505 Sibley Ct. Three lots west of the present plant, are being re-zoned from R-2, two-family residential classification to 1-2, heavy industry. The commission also reached a compromise with the developers of St. Thomas Estates subdivision, recommending that the eastern half of the 30-acre development lying east of 25th Street between Superior and Saemann avenues be zoned R-2 and the western half be zoned R-l, single-family residential. The developers had asked for multi-family zoning, too, and the commission had originally recommended that the tract, formerly a proposed Catholic high school site, be zoned R-1A, mixed one and two-family residential classifi cation.

The commission approved the preliminary plat for another large northwestern residen-t i a 1 subdivision, Graceland Subdivision No. 18, a 30-acre, 137-lot parcel lying between N. 29th Street end Taylor Drive and Main Avenue and Geele Avenue extended. Also approved was a request for two driveways at the northwest corner of North Avenue and Mill Road, where a Colonel Sanders Kentucky Fried Chicken Restaurant is nro- posed. The commission recommended denial of a request for the rezoning from residential to business classification fnr the former Trinity Lutheran Church parsonage property at FROM PAGE 1 Kitzman delegation by backing the women's political caucus on their minority plank favoring the rights of free choice in matters of procreation.

"All we're doing is giving to the poor what the rich have had for years," was his assessment. In another move toward conciliation, the caucus moved to give national committeeman Donald Peterson of Eau Claire voting rights within the Wisconsin caucus. Peterson had been a Muskie supporter. National committee woman Mary Lou Burg was also given voting rights. Miss Burg is neutral by virtue for her position as vice-chairman of the national convention.

In other business in the delegation, Richard Leach. Lakeland College professor was named an alternate to the convention and joined his wife Marjorie on the convention floor Tuesday night. This brings the Sheboygan contingent on the floor to five delegates which may very well be a record for Sheboygan involvement in a national convention. Connie 1 before we're all cleaned out. Now s199 Orig.

219.95. Washer has 6 fabric dial and you'll get the proper wash and rinse cycles. Machine features 3 water level settings, soak setting and liquid bleach dispenser. Choose from 4 popular colors at no extra cost. $9 a month Nows133 Orig.

149.95. Matching electric dryer has 4 temperature settings. Signal sentry sounds off when drying is completed. And cool fluff allows clothes to cool without dried-in wrinkles. 6.50 a month Matching gas dryer, Orig.

179.95... Now $1 63 A 'This amount represents the required monthly payment under Penneys Time Payment Plan for the purchase of he related item. No Finance Charge will be incurred if the balance of the account in the first billing i paid in full by the closing date of the next billing period. When incurred Finance Charges will be determined by applying periodic rates of 1.2 (Annual Percentage Rate 14.4) on the first $500 and 1 (Annual Percentage Rate 12) on the portion over 500 of the previous balance without deducting payments or credits. JCPenney The values are here every day.

Charge it at Penneys Memorial Mall Sheboygan, open Monday through Saturday 9:30 to 9, Sunday 12 to 5. tended to support Rep. Shirley Chisholm of New York for the convention's top prize. For Kitzman, 65-year-old retired labor leader, the convention was his last hurrah as a Wisconsin delegate. He will move to Florida later this summer..