Independent from Long Beach, California • 19

-tortea- V1 INDEPENDENT (AM PRESS-TB1GRAM PM)-U9 Market Rises, Golds Tumble YOUR MONEYS WORTH of 117200 shares including a block of 100.000 at 57. A block of 120300 shares at 2Sfi pushed Madison Fund pfd into third spot on the list. It dosed off a point at 29 on 122300 shares. Home Mortgage Rates: How to Save on Them PORTER rimed ar.d 219 re framed unchanged. There were 63 issues rising to new 1967 highs and 41 touching new lows.

It was the first time the highs outnumbered the lows since Oct. IQ. Occidental Petroleum was most active, falling 6 to 97 on sales of 207,000 shares. During the session it climbed as high as 107 An article in a ('--- daily said many analysts are elite company for sizing favorable -developments whi -ing down bad news, mu company, meanwhile, announced the discovery of another major well in Libya. RCA moved into second place on the actives, falling to 56 on turnover Fir CiBstnctisi if Niw Sckook NOW li Orairzi aad Las Anceles cssatits taaa 9 MteM CMMOte Setae.

Can Fiha, teat, TaMI me JOS to MaateMlMW af 1M Dial 1213) I tame IS eneiv ter maw pawaia teM 70 1T1C 1 MfWfa T. late al Anarica. aavwg Hal Far cawrtete BO-VJJ I MMnwMa team (Zl ifAWJS ar ante SrtaM te 79-2591 1 teaatena.mo8t.PiinaAw,teteteraa.Cate.gaa. NEW YORK (UPI) Most stock prices closed higher in active trad.ng Monday but heavy selling timed many gams and sent a number of issues into the mmus-eolumn. Gold shares were a feature.

tumbling along a broad front after gold bloc countries expressed their determination to hold the metals price at its current level of $35 an ounce. Golds were unusually strong last week after the devaluation of the pound and observers said some of Monday's selling was profit taking. Prices chalked up their best gains in the first hour of trading but selling pressure mounted quickly and expanded as the session wore on. Analysists said relative calm on the monetary scene accounted for some of the strength. The New York Stock Exchange index reflected a gain of 16 cents in the average share price.

The Dow Jones industrial average gained 4.51 to 882.11 but the rail component eased slightly. Of the 1,492 issues traded, 719 advanced, 554 de- TAKE STOCK IN YOUR FUTURE By SYL1A PORTER Home mortgage rates are being jacked Op along with all Other interest rates to historic highs. The only direction these rates can go now is UP in view of the fact that the basic interest rate in the country has been raised to 4, per the bank rate to thp prime borrowers of the world has gone to 6 per cent, credit is tightening and demands for funds from all types of borrowers continue enormous. In fact, it well may be that interest rates in the U.S. have moved to a new higher range for this era and we will not in the foreseeable future return to rate levels considered normal as recently as 1965-early 1966.

These are realities which you cannot duck if you are or will be soon in the market to buy i home. Whats more, theres no point whatsoever in postponing your buying plans. One the contrary, the quicker, the better for construction costs are in a steep rise, land costs are mounting too and the trend of mortgage costs is as stated above. Are there, then, any ways you can sav'on mortgage costs? Yes, there are, even though the odds are you will find there is no way to bargain among lenders on the basic mortgate interest rate. The key areas are: (1) Points.

Because of state-regulated interest ceil- ings, lending institutions are adding points to their basic mortgage charges. This bolds for FHA and VA as well as conventional mortgage loans. If a lender charges you 5 points, it means ne deducts 5 per cent from the face value of your mortgage at the beginning, although you must replay the full amount of the mortgage. On a $20,000 mortgage. $1,000 would be deducted, leaving only $19,000 actually available to you.

This is the equivalent of adding more than 4 per cent to your basic interest rate. If the lender charges you 10 points, this is the equivalent of add ing an extra Hi per cnet to the rate you are paying. The number of points you are charged varies from institution to institution in any given area. Therefore, check with as many lenders as seems feasible. Find out how many points each would charge you.

Also explore the possibility that the seller of the house might share this cost. (2) Closing costs. These too can vary quite dramatically from lender to lender. There is virtually no room for negotiation on certain closing cost items; for instance, property taxes, state mortgage taxes, fire insurance and title insurance. There is little room for bargaining over an appraisal fee, credit report fee and survey fee.

But there are other closing costs, such as the charge for processing your mortgage application and for. the services of the institutions lawyer, where you may find significant variations. You also might ask your own lawyer whether it is possible that the seller of the house might share the cost of such items as local recording fees, surveys, termite inspection or even the title search. Incidentally, a large building firm selling you a new house and arranging the mortgage is likely to offer lower overall closing costs than a small builder. Prepayment Mortgage prepayment privileges wont save.

you any money at the time of the closing but they could mean siavings running into hundreds or thousands over the Nfe of the mortgage. Try to have a clause included in your contract saying that there will be no penalty in interest for any amount of the mortgage you repay before due date. Some lenders will not allow any prepayment without a forfeit of an interest refund on the amount you prepay, some charge no penalties at all Shop carefully for a no- penalty arrangement or at least a low-penalty contract. Pacific Coast Exchange If M. Walter A Cl.

134 Lacsrt Aw. CM) Pima Mr Matea. Nav. V. INI Become active in the financially rewarding fields of; stocks, bonds, mutual funds and insurance.

Become full or part broker -with Loaf' Stack's mast aggressive stock brokerage firm J. D. Dulaney A Associates, Inc. Enter OU Gt. Sawn Hatfman El Latca McCuHeudi OH Nardan Ca Occidental Pt FtcGBE tecOAG PacTet ReiOAG Rohr Cor Sienel OH Sana Hal Law Ctea NC itco I i i 00 0 4 41 UN IP lg 10H4- SIN 1H la4.

Vi ION IK. SPA TTw-SIN 4 4, 4a 4000 1070 97 22N aw a 3304 MAh UN 31a 33i 3304 1 70S 13 -nth 13 ion sow a jov4 ion 3t a av.4 4M0 40t 4044 1. 4N r. 1400 44 414 4014 1 1100 4o 4 44 Vi 1900 SO 10 904 Vi MN lii a4 IF. UN 4 4 4 I 1500 14 14 Standard Oil SunafoeCa Traneamerka Trie OAG Union Oil United Ind Wntotef Pal Whittington Poultry and Eggs MONDAY coos hi mi iiiiiiiniiiii Tela! Sham MM.

Regardless of age or previous experience, you can be-, coma knowledgeable in the stock market, in the mutual fund market, end in financial and estate planning. Uors all Iha dalalls al a tpatlal tompllmintary Dlnnar and muting 1 i Thursday, November 30, 1967 Edgewoter Inn, 7:30 P.M. Don't miss this very important matting start plot nlng your future new. Coll for fret dinner tions-'-Mrs. Heuoe 434-6704.

J. D. Dulaney Associates, Inc. '4105 East Broadway at Balmont Long Baach INVESTMENT TRUSTS JVM9VI Small AA. 30k-34Vk;" Small WVk-SNk.

Ta consuman In ntaH itaras La. m.LY wlahts aver. 11; at ranch, IW-IVs. OVER THE COUNTER Mondays Quotations Mondays Quotations sfiwr ENTERPRISE FUND FLETCHER FUND "K1 H. Sunshine DIMPSIY TtOELER 6 CO, lac.

4342 ATLANTIC AVL LONG HACK Pfc. 6A 4-401 ar OK 9-22M mjiis 4.05 Price Index WW IfjfitS 11.N 14.19 34J9 34A9 1 a IN lLH 11.95 Pilot Pina St Pienaar SdSi HI INVEfYlNG niraP, fht NaflorS men of i than sacurttte could haw tean or bought OTP i 'Inc Ch A ImBk 5tk 5.29 174 KSSHSitS SSflniow 2SS E3U7 34.U ITS 1045 NEW YORK street'! dally UPI) Dun 0 ltd artea Indta af SB camel lad ter United (193M3 a Mm savwfl BwTms DiV Inv 9.14 M.7I Dlvld Shr 147 4.0 hi 049 9.11 Intarnattenal HO): I bate: Has. iSkMPI MTINB nvi And it ine Anchr Co Anter tech ApdM Men ArSvMvfr 1 do af AriAgo Chm Arw-Hrt Horn Arhd Pttrtt Art MH Inc--: Atmitn- Ind doaf 47 41 lasted) 'I AtardH a4 a4 aoid (bW) mom Cra Midland Cap MIN Pat 7.33 7.71 a.14 iW Hip .144.91 2S7N ADDSEtS CITY PHONE -V-. iwnr 111 ltviti Hteh 1947 (Tuns 7 114 114 a 4i 1 14 -jjtt' 29Vk3Mh 4314 4T .1 104 11 21W 414 44V if 1 liw ir' .104 1 juxr Com St 13.M 13.34 Inti Inv. 14.34 14.59 Hay Market' tfman Maruca E.

GN Ele lrt i llMl7Jl Knickb 7.34 7.H Knlck Gth U.B14M Lite Inv 4J1 fa Stk 4.21 HnN. First Phoan Hk Gan Am cm IN lOjJA da 44 cv pf 194 Tsh JL 14.N c5U5J PSJT hte, hSLm I'm 33SBGLC0I US MjL 2 teate IfcNPN: airj.iaK'ijura.a: Si 1U41L49 MarSffin alblochc Wtr I SMn MM SVb WTtisi 1 Palomar Mart Ca anmount Pc Parky Gam In 3 utev WrffTtS fllt Chnce fegcsr 99 cotvnw 2 SIicmS stS sural Srtc-'ww WAT BI Kiis S3 IB Rfm 14.ni; GrSrth ComSt BdSJl 5.79 Camniemettti Fds C40 Fd 30441 S4Vk Moodys ten "BlllS ft? tStB IF Fd 17.91 19J4 IF Gth 197 4 a U.Bllrt BrSniM VS MM I MM SSi WmS 17PUP vs MM GAm 1.1413.2 MM es. Guardn 'VA VJ3 Ham hda 5.S 44 lial; Ind Fund 034 9.14 $2000 TOTAL VOYAGE GRAND PRIZE All aatry blank lubmittad by centartenti la die til waakly contaite era automotically aligible far ttie Grand Prim centert if the contertaaf tukmita ea attimatu. at ta tlia tatal diitaaca logged Soutkampten and Pior in Long I tack. $500 WEEKLY VOYAGE PRD2 A eoih award af $500.

will be awarded 9h partan mart deialy guaninq the nautical mileage logged by the Quean Mary on a wtakly baiii during thu Lang Vayagp-Hama. gtWnv cant flactr cotti liJI IB lOil 11.JJ 1093 11.N ssrurs, BKm LB 18 18 u4 DWtax Cra 4Vk Divarn In cm 4k da afd 111' Dominai Wtr Co 11 jrmtivBrnii 8 raalne sk ink 11 Fd mi Bid ffitt, Ink iLtr 54 tt is FranhHnWB jtellk'aMi TCTTjl Hires beer ta play VOTAOEi HOW MART NAUTICAL MILES WILL THE QUEEN MARY 1081 Citrus Market 500 5000 KEY MAN or Ramambar always, when you nood monty, YOU havo a FRIEND in FIRESIDE. Strictly prompt and convenient Ask for the KEY MAN LOAN OFFICER in any FIRESIDE office throughout California Payments tailored to your personal requirements. Livestock LOS ANGELES MMFMNI here to ffttoMf and wssfcly summary S7k Economics Lab Eldon Indus iiSic? Sw 1121 4JG4.i.7lV avals, lstgrsdt 73s and laraar 4.25-7.N: Sa Cal DM vr sanstevp ted Arte, NNTUT. 3rd Weak 4th Waek 5th Weak 6th Week Prixo Nov.tl Nov.

22: Nov. 29; Doc. hi' Dec. Iht sates: Slaughter stem steady to Si Mater. The least strem undsrJ.lW pounds.

This 45 belters. Slauahter dssses: betters, toad hteh Kid and ctaiM 951 aoundw 5 FOB weight net after tour par cun a4nwMto MIPIHin. UflMI cn teort haul, we Steers: moetty aMluZ 4UMUL Standard and TO 1 NT Cwn qfinim lMOrai Tax i Tax Cao Cra MIMBIti tauten l.talrld CaWsiaia Am sf thrill a4 Uea faupante texln 1ST WCKK SchedalG Own In Fntehf Tracor Inc TraU Crp ervatss. NovoiwMif i Cr if. FIRESIDE tEMi.Liim TJirift, srssfCd Four Stsr TV Lnd Co iTtMVka iTal at Marina SLSSla Guld Tsch cm Honda' Mr Co HougFrlN Markets at a Glance Nav.

12 Nav. ir Nav. 22 Nov.Ji; Nav. 24! Nav. 21- Doc.

Treasury Report jSfe- OPEN TIL NOON SAT, DEC. 2 9 LONG BEACH 146 EAST 3rd NEW YORK 14k 144 If 'Svk'Svk ..23 Vis 4k 4k 354 S4 4M Ste (API Martels acHw tradkw. de Janaire depart: Valparaito depart: Callao (Limel depart: lalbaa depart: Acapulco dopart: Long laack WASHINGTON (AP) The CU of the Treasury Nov. 21, 1947 with Nav. 11, 1944: Balanca 9AI0iH7P4 73; dtpogte i5t55v llouldatten.

and lack Dee. Dec. Dae. Doc. 437-0373 i Cont Ca imSSud Intarst Bak a Infant Ena.

Intent Hast nterst Unted 144 4THWICK: 4TH WIIK: nu wiik: Mta 35.ted tka tea Biqr tea iMtkiartM art BRAND PRIM QUESTIOHi lo atar Man 4wtec ktr Baal vayaagi I Mwl, fwt at laag Ml WM'11 Kmal HPwr IF Kallwaod Ca Jf isr- Krogar 4J cv Lake Arrnwhd Ling Lev. Crp iiwhSSUtS a RULES: mmv at. the 7 mum contette (4 wartrtv and ana granl artea (mall a a-, rt nUytetaU Yrttatev the Orteat Cauntv Evanlna New are Enter at faeunaMe Eicti entry 1)3800 Wi Llnai, Dtetrte Club. wo atta Trtert that waakto attklM aauflcal mllaaaa ter Vw Catdi tlbrdMimfl. Weve studied a basic industry with good potential.

To E. F. Hutton, the textile industry appears to havo resumed Its uptrend In earnings. On the whole, we thlnkaconstructivB attitude Is warranted, and we suggest fqur stocks that appear most Hcely to benefit For your copy of this Informative repon, just return the coupon. No obligation, of course.

Mary. to. American Stock Exchange (Continued From Page A-18) KfWTlkfriRI MB BOBU Ittlf itmw wm iwn vmi iiAimn ct Sate In MBa Last is nk-h in uwm 5th WEEK'S VOYAGE ENTRY BLANK Man to: VOYAGE Indepeedeet Press-Telegram P.O. Box 230 Loag Beach, CaRf. 90101 Tar Hud 'Texitar iThomp Stir TharMkt J' lame.

Address. 1 MY GUESS FOR THE QUEEN'S 5th WEEK'S VOYAGE: i i MY GUESS FOR QUEEN'S TOTAL VOYAGE MILEAGE: miles) miles) I I i Name Apt. CHy State Tip Carte Talaphona I I I I I I iaaaM'aaiaktr4l Address Telephone I I I Zip- 'City State. 1 I Am A Sebicribar Of Ike ladapeedant I Am A ScriW Of lb hmToiifMi qa tertteta i VktUAi UL4,.