Idaho Free Press from Nampa, Idaho on February 15, 1975 · Page 5
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Idaho Free Press from Nampa, Idaho · Page 5

Nampa, Idaho
Issue Date:
Saturday, February 15, 1975
Page 5
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Wall Street trade sets bullish pace ML'tr * s ~ . . . . . · Today's weather NAtlONAI WUlhll UIVICI O«tll H 7U 111 1 - · - 7t The Idaho Kr«? Press i The \ews-Tribune.Salurday, February 15.I97S--5 30 ? 3000 '30100 ueu cu?«L LL P /'- Thf an(l h *» 'Jones Industrial the u ' ltlree pace it has set in lht« .weeks. ·- Just when il seemed aboul · ready to consolidate (he broad ·and sharp gains H has made since New Years Eve. (he · exploded Thursday as an all-lime high 35.160,00!) . million shares were iraded on Ihe .\e« York Stock Exchange - - - - know what really caused il. But the rally. which actually began in Wed- n e s d a y ' s s n o w - s h o r t e n e d session, carried prices higher in ralher active trading for the week. The Dow rose 22 29 lo 734.20; Standard 8; Poor's. 2.93 to 81.50. The XYSE Common Slock Index gained \A\ to 43.21. Advances rouled declines, 1.172 to 034. among the 2.012 issues crossing the tape, again Holiday escort slows tourists SAX BEH.XARDI.VC. Calif i U P l - The California Highway i'alrol escorted convoys of holiday motorists hundreds o[ miles Ilirough ihe deserl Friday "to force drivers to stick to the 55- .mile-an-hour speed limit. Kor Ihe Highway Patrol, it 'was a success. Bui for Las .Vegas. Nov.. casinos and motels, and presumably the molorisls. it was a nuisance. . 'There was d e f i n i t e l y a change."said a Highway Patrol spokesman. "We held most 'traffic lo 55. and (here were only ;a few tickets issued." Supervising Inspector Walter Pudinski. Ihe former head of Ihe Highway Patrol who thought up the idea of "active t r a f f i c management." was aloft in a helicopter Friday afternoon .'when Operation Escort began. More lhan 100 patrol cars were assigned to Ihe four high- State sues sugar firms TACOMA. Wash. i U P I Washington State is suing four major sugar companies on charges they conspired lo keep sugar prices higher here lhan in other states. ·Slate Attorney General Slade Giirlon Friday filed suit in U.S District Court against the Utah- Idaho Sugar Co., Ihe Amalgamated Sugar Co.. California ahf) Hawaiian Sugar Refining Cforp. and Sprcckles Sugar Co. · A spokesman for the attorney general's office said il would be impossible to place a dollar value on the damages soughl in Ihe case. But (he suit asks for triple damages for (he sfate and local governments, attorney fees and an injunction on behalf of consumers to stop alleged monopolistic practices and conspiracy which have led to higher sugar prices. ways running more lhan 200 miles from Ihe Los Angeles area lo Ihe Nevada stale line. Pudinski. in announcing the escort plan, said thai Ihe traditional mclhod of enforcing Ihe speed law - chasing down speeders -had failed. On the b r o a d , f l a t , s t r a i g h t deserl reaches of Interslates 15 and 40 virtually all motorisls were breaking Ihe speed limit, he said, despite issuance of 1.5 million tickels lasl year. For the Washington's Birlh- day holiday weekend, he said, the Highway Patrol would station squad cars, lights blinking, at the head of columns of motorisls. and lead the way at 55. Any motorist breaking ranks gets a ticket. The guide cars t u r n the convoys over lo new patrol cars at five relay stations along the way lo the slate line. Ihen run back lo the western boundary of their sector lo lake over another group. Monday, the escort system will go inlo effect in Ihe westbound lanes, shepherding Ihe tourisls home. In Las Vegas, where an estimated 60,000 holiday motorists were expected, molel clerks said (hey had to hold room reservations later than usual, and then , found lhal guests arrived in batches of about 35. reflecting Ihe convoy numbers. The Nevada Highway Patrol was afraid thai when the escorts pulled out of the way at Ihe Nevada state line the scene would look "like Ihe starl of the IndianapolisoOO" as hundreds of frustrated motorists speeded up. But Nevada Highway Patrol Sgt. Robert Hollimon said these fears proved groundless. ".Most of Ihem had a tendency lo speed up a little bit." he said, but after driving under such close scrutiny for hours "They were a little squirrely about speeding up right at the border, and what we expected to happen, didn't happen." demonstrating Ihe breadth of this year's advance. Volume for the week totaled 110.832,600 shares, compared with 127,358,800 traded lasl week. Ihe second heaviest trading week in NYSE history. The week ending Jan. 31 was die greatest of all time--145,680,000 shares traded. This week's turnover ranked third on the all- lime weekly list, despite the fad Tuesday's session was cut short 90 minutes by the snow slorm. Volume during the same week a year ago totaled 61,718,200 shares. A big factor in Ihis week's activity, according (o man) observers, was Ihe enirance of banks inlo Ihe securities buying parade. Sources said Ihey had held back from the earlier stampede, bul apparently moved when Ihey saw it was nol going to slow down. Institutional activity remained strong. Analysts said some skeptical traders have been burned by selling short, thinking Ihe heavy trading activity would slop. When it didn't, particularly in Ihe glamour area, they were forced lo cover--buy back borrowed shares sold earlier. And by doing this, they helped the rally feed on itself. President Ford came lo Wall Street Thursday and it almost seemed as if Ihe market was putting on a spectacular show for him. Although profit taking liimmed some of the earlier gain, ihe volume was staggering. Another reason for the advance is the fact slock prices are extremely low following the selling blitz of the past two years. The price is right. 1*1 WIA1XH KMOCMI · AN KXTEXSIVK rain pallern will spread eastward limlghl from Hie Imvrr deal Plains amiss Ihe central valleys Inln Hie mid Allatilic stales, changing In smiw near Ihe shores of. Hie lower (iical Lakes. Some smiw is alsn expected in Ihe upper Ruckics. Klsrwhprc. mostly fair wi-alhcr should jtretail. Atlanta Boston Caldwell Chicago Dallas Denver Dululh Houston Kansas City Senate vote rejects Ten Commandments High Low 67 33 42 36 58 33 27 77 34 49 26 26 28 41 IU 4 58 22 Las Angeles Miami Nampa New Orleans New York Phoenix San Francisco Seattle St. Louis Washington LITTLE ROCK, Ark. (UPI) The Arkansas Senale voted overwhelmingly against (he Ten Commandments Ihis week. It defeated, on a voice vote, an amendment to place the Ten Commandments in an election reform bill. The amendment was the work of Sen. W.D. Moore Jr. of SEC accuses stock brokers SPOKANE (UPI) -- An al- of such stocks did no! accurately lorney representing 11 stock portray the current market brokerage firms said Friday his status of Ihe issues. The prices clients are accused of fraud by were regularly published in Ihe Securities and Exchange seven area newspapers. Commission for a practice Ihey "This is the practice they have been following for 40 years (brokers) followed with the help "with the help and ,con.,andconcurranceof the SEC for currence" of the government, about40years," Magnuson said. Robert Magnuson said the li "The procedure was formulated firms have always worked to with their (SEC) knowledge of comply with government some time lag, and apparently regulations and will continue this indicates a shift in their doing so. position." The Securities and Exchange Magnuson said government C o m m i s s i o n W e d n e s d a y regulations in the area of sec- brought suit against Ihe · 11 unties fraud are continually firms, all members of the changing, which indicates to Spokane Slock Exchange, for him the brokers were in corn- alleged fraud in the publication pliance before with SEC of over-the-counter stock' prices, regulations, bul no longer. The SEC contended that the Magnuson said there was list of "bid" and "asked" prices never any specific intent on the part of anyone to defraud the public. Named in the suit were G.C. Securities, Inc., Pennalima and Co., J.H. Dillon and Co., Inc., R.E. Nelson Co., McCartney Co., Inc., First Western Securities Co.i McNeice Securities Corp., Spokane Securities Corp., L.E. Nicholls Co., Parsons Securities, Inc., and P.L. Sandberg and Co. Inc. Members of grand juries in 17th century England, all men, were more often found participating in searches for criminals and witches than in a courtroom. Eldorado, who sponsored it to kill a bill proposed by Common Cause requiring disclosure of campaign contributions and expenditures. Under Moore's amendment, Ihe only Ihing left of Common Cause's proposal would have been the introduction, and (he Ten Commandments would have comprised the remainder of (he bill. "You can't beat Ihe Ten Commandments, not even Common Cause can improve on them," Moore said. DO YOU? Need Some Blueprints? Need a Form? Need Some Flyers? Out ol the Norm? ·Need Some Letterheads?-': . Envelopes Too?. ,' Drafted Personally Just tof You? · Need Business Cards? An In voice or Two? To Tell Ttie Public What You Do? Need Some Copies? At Only Ton Cents? Need Invitations? For Special Events It It Goes On Paper IsWilhinOurLine We Can Print it For You In A Very Short Time Nampa Offset 3121flhAve.So. Nampa, Idaho 486-1115 CAMLU APARTMENTS "Ftr tie Active Hefted" Located at 5277 Kootenai in Boise Included in Rental... · MANAGEMENT PERSONNEL ON DUTY 24 HOURS DAILY · NEW, MODEM WILDING "COMPLETELY CARPETED" · INDWIXJAL CLIMATE CONTROLS · 3 CAFETERIA STYLE, HOME- COOKEO MEALS DAILY oMAIDSIRVKX · KAUTY SALON « LAUNDtY FACILITIES · RECREATION ACTIVITIES (GA«M ROOM li TELEVISION LOUNGf) SUNDAY SAVERS RUG RUNNERS High grade rug runners with non-skid backs. 24" x 72" in tweeds, shags, solids that are both decorative and practical. REG. '3.98 Wit brighten any room of the home.' WORK BOOTS Be ready for the Spring rush with this all-leather, 9"-upper, mock-toe boot. Long wearing gum rubber sole. V SIZES 6 V 2 - 1 2 SHANDY ANDY GLOVES Cadet, Regular or Giant Sizes . . . in a fleecec chore glove .. . bonded .for extra strength. ALL SIZES R e g . ' J . J 9 PRELL Large 16-oz. liquid or large 7-Oz. concentrated SHAMPOO YOUR CHOICE . . . REG. '2.29 «*'* ,· OPEN DAILY 9:30 A.M. TO 9 P.M. - SUNDAYS 12 TO 5 ·T ^--^ ·· 'COMPLETE PRIVACY' CENTi FtrhfenMtiMPbMe... 345-1353 XKITHKK RAIN, nor nluiier) winds, nor Ihe fact that the restaurant he Is picketing is on the second floor can stop this San Francisco picket, The Culinary Workers Union Is trying In organize Ihe. second-story Mandarin restaurant, and (he picket chose thh novel Hay of ((tiling his message acrosi. (UPI Photo) DEPARTMENT STORE -WATS FUST QUJUT 208 HOLLY - NAMPA

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