The Fresno Bee from Fresno, California • 23

iWooI Futures Financier Tries To Solve Woes Page B7 THE FRESNO BEE Thursday June 1971 BusinessBriefs Conrad Moves Up As Head Of RCA Movie Times (Cl Time me aupptad by Ik (footer (footer It net kited ictodvte wns tai ovoilpkl at prow time) NEW YORK (UPI) Directors of RCA Corp named a replacement for Robert Samoff as president at Sar- request The step elevating executive vice president Anthony Conrad to the top operations post of the widely diversified industrial giant was taken to permit Samoff to devote more lime to other interests uuic su a uincr interests Conrad 50 will take ther notice by the bankrupts cy division of the District Court The US last week filed tax lions totaling more than $3 million against King and his wife West Coast Clothier Schedules Merger SAN FRANCISCO (BW) Elocsser-IIeyncmann Co West Coast apparel manufacturer and wholly owned subsidiary of the IL Lee Co since 1946 will be merged with the parent company early in July company officials reported Leonard Staples president of Lee said the consolidation will permit worldwide distribution of many former Ehco garments through the utilization of Lee's international sales organization and distribution facilities DENVER (AP) Financial magnate John King and his wife Carolyn have asked the courts to protect them from their creditors while they attempt to resolve their financial difficulties The couple has entered bankruptcy proceedings under Chapter 11 of the federal Bankruptcy Act That so-called rehabilitation section of the law permits them to continue business with court protection The Kings filed an inventory of their assets and liabilities and will file a plan for repayment later Bankruptcy referee John Malsch issued orders slaying an Internal Revenue Service action against King until a June 9 hearing Another stay halts all court action in lawsuits against King until fur CHICAGO (API (purred by rtporl of new Might fallen tent earn futures prlen nighar by marly flva cant! a bushal an Iba Chicago Board of Trade Tliunday Soma of ttia tarty grin tha dole I SS cam Oat advancad mat ltj ana inSSSj oajna soy der'wtVaiHMakira! wSffjWMm? sr a lull In trada now buying entered the pit with about 45 minuln remain- much laid that tha new by an uncon-raport than nine state with earn of corn waa no we In fad tha new being mlnlmfitd advanced lt appeared the wheat pit wa the corn moves wee Influenced by Seutlnmt and nearby particularly strong advanced three but weakened meal came under future warp 4 wheat was three tad advanced were around 1)A THURSDAY Wheat No 1 soft rad 155ton Corn Oats No 1 extra heavy Soybeans No I yellow -'j Soybean oil 117ftn over as president and chief operat- lng officer Aug 1 He has been with the company 25 years bum? i Samoff will continue as chairman and chief executive of- fr? ficer Principal corporate staff functions as well as the National Broadcasting Co will be under Samoffa supervision AH other major operating units wiU report to Conrad Collins Rockwell OK Merger Plan CEDAR RAPIDS Iowa (UPI) Collins Radio Co and North American Rockwell Corp of El Segundo Calif have announced a management agreement The chairman of the boards of the two companies said the agreement which is subject to approval of stockholders includes the selling of $35 million of a new convertible preferred issue of Collins Radio stock to Rockwell Influtncad that mora new had bean found Might However tharp ment of damage and incidence of Might was Ai corn price that new buying In being Influenced by Earlier wheat buying the weather In the options were New crop leytaana cents tarty In the session near tha dose whan tailing pressure At tha dost cam a bushal higher i higher eoybMna two cants and oat cants higher CASH PRICES CHICAGO (API rad 141Wn No 1 bird No I yellow 131ton white 79n AZTECA "Tefrra VIMrncl" 3:25 4:41 ami pm "Let Cadent" 1:55 5-1 and 1:30 pm CINEMA "UIHa Big Man" 2 5:15 nd 1:15 pm COUNTRY SOUIRE-" YHIew Submarine" 7:30 pm "Glmmle Shelter" 9 pm Tomorrow: "Submarine" 9:15 pm "Shelter" 7:30 and 10:45 pm FINE ART "Past Graduate" 7:30 nd 9 pm MOON GLO "Klnq ef Grlnlle" 11:15 pm "20400 Leagues Under the 0:45 Dm 5HELLMELS CINEMA "Wetertoo" 7:30 pm STARLIGHT North Screen: Big Man" 3:9 pm "Msnta Walsh" 11:30 pun South Screen: "Support You Local Gunflghfer" 1:10 pm and 1 am Mad Mad World" 10:15 pm SUNNY5IDE "ChlMum" 10:10 pm "Zeppelin" 0:30 and 11:30 tan SUNSET "Partarmanca" pm "Tha Damned" p-m "MoMIe HolihHt" 1:30 am TOER "10400 Leagues Under The Sea" p-m "King at Grlulies" 7 and 10:40 pm TOWNE CINEMA Corel Ted end AHca" 1:30 pm "Cadua Flower" 4:30 and 10:15 pm WILSON "ChhMirn" 1:51 pm "Zeppelin" 7 and 10:40 pm AZTECA S3BF STREET PHAD3-M64 Friioy June 4 Ml PA IN PERSON! tUCHA' MORENO and JOSE JUAN With MAMACHI GODINEZ OnSmM mmADivwinKW "ibs esteems" The agreement provides for of warrants for purchase of $30 million of Collins common stock and the right of the owner of convertible preferred issue to elect a majority of the Collins board- Kansas City today voted the regular quarterly dividend of 15 cents a share of common stock payable June 30 to share- holders of record June 14 FNMA Will Attempt To Nip Mortgage Rate WASHINGTON (UPI) FNMA president Oakley The Federal National Mort- Hunter said the association gage Association (FNMA) will buy mortgages for unsaid Wednesday it would at- mediate delivery at the spe-tempt to help stabilize the dal sale June 9 rapidly rising interest rates a time when there is nmrtorcppbdtpg money available mortgage a special speculation-proof issuance to North American interest rates nevertheless Hunter said an effort to stabilize the market and reduce some of this upward pressure we are going to conduct a special auction and will receive bids from all mortgage origina- tOTS Who have mortgages tO aeiiver mortgage lenders will be re- iuired seu fnma au mortgages offered which the association is Willing to take at tlm Wd price Under the rules that govern the asso- He explained that in the special auction original regular auctions the original lender may sell the mortgage to another buyer or keep it for his own portfolio even after he has received a purchased commit ment from FNMA regular commitments are issued for three months six months and one year The seller may deliver the mortgage at the bid price any time during the commitment period In addition to scheduling the special action FNMA in is regular weekly sale this week accepted $1466 million in offers although it had announced in advance it would only take $100 million Despite the 46 per cent increase in association purchase commitments the average interest yield rose The average yield to FNMA on $771 million of three-month commitments was 8093 per cent up from 7985 per cent in the previous auction SEEK AIK FIRMS SAN FRANCISCO (BW) Air-Land Freight Consoli- dators Inc a subsidiary of Del Monte Corp announced it is seeking civil aeronautics hoard permission to acquire half-interests in tWO Hong Kong-based air freight COin paniCS WHEAT Jul 1-55 Sep 1551 Dec 1594 Mar 15044 May 18 CORN Jul 14V Sep im "3at iSp DM 71 Mar 741 May 71is SOYBEANS Jul 110 Aug 2104 Sap 20514 Nov 1001 Jan 105 Mar UN May XHKk LOS ANGELES (UPI-FSMNS) Wednesday: No 2 corn tram tta east 231-38 No 1 yellow grain sorghum (ram tta east 119-122 Ne 1 yellow grain sorghum nontranslt tram tta east 119-121 STOCKTON (UPI Thursday: Barley No 1 western 46 lb 290-215 Wheat New 1 any dan teed 115UB Cere No 3 vetlow-raH tram out state Calif common paints 115117 truck Calif origin Grain aarguhm 2 yetlow-rall Kans-Nta Calif common points 123122 truck Calif origin nomlniL tVNP'Vft-ii-AF FRESNO (UPll Thuradw Cotton Exchange quotations el paid la compress: 1 1-1 1 331 Strict middling 3145 3070 Middling 3025 X5D Strict lew middling 292S 2450 3440 Lew middling 2740 2725 1715 There were no sales In tta Fresno ares Wednesday No activity has bean reported In new crap trading tor the past weak NEW YORK No 2 turned Thursday (AP) Cotton futurea nulct In lata dealings ti rsrjisrJSr J820S iJM1 bJl future cletad 75 rants to 575 a tala tower than flip pravtou data CLOSING PRICE! WEDNESDAY Open High Lew dost Chg I 378 3774 875 88 55 840 1945 28 845 3940 88 88 88 318 845 88 88 318 88 88 115 3075 3070 88 218 258 831 845 15 Oct Dec Jul Oct iac8ail FRESNO (AP- FSMNS) Thursday: Lana 2334 nwdlwn 17-8 small li-14 FRANCISCO (UPI-FSMNS) Thursday: Dairy prices to rrtalltrt: Egps consumer cartons per dc FSMNS: Extra large AA 8-44 torg A 17-45 large AA 3444 large A 3440 medium AA 3139 small AA 238 Nutaid Farmers: Large 44 medium 8 small 8 Butter: AA and A 14b print lltbBM 14-lb cartons HfrlSto per lb Cheese: Single dallies 70U31 processed American 54b leaf 4775 ctaddar 404b Hock 4414-7444 134b rind lee Nock 414-77 mtrtic 134b Hock and whtrt 4971 NEW YORK (AP) Bltactabte cottonseed oil Mures doeed quiet Ne saicc Closings: July 1125 Sept Z14-8 Oct 11175 Dec 11375 Jen! H35S March 138 May 111 55 July 3138 NEW YORK (FSMNS) The spot olive HI market In New Yark was steady Sales and quotations HI In original drums 51 gallons duly free In bulk ax warehouse were 5383310 per gallon for Riviere type waa quoted at 88 ter virgin type Tta Spanish fob market wn steady with salee and quotations Lab Spain per 100 kilos at 0738 tar virgin typa nd $713728 for Riviera type Tunisian ally HI was quoted per 18 kilo at STS far virgin type and S748 for Riviera type cert end freight basis New York Packaged stock (i l-galton tins) tales ami quotatjota 51575 and fb Italy ranged S1953S21 Recalpfs of alive HI at New York tor Gw wefcrtjng M27JWI wyHH- -Wj Italy 8 drum and Ml casts cocktails and Dancing JO AW WID No Cover Popolor Price )POPOOPOOOOOOOOOOOC THURS FRI SAT NEW YORK (API Waal future declined Thunday an commiision houta ailing Pricas wara unchanged at tha Amtra-llan wool auction Wool tap future wara oulat Wool future daaad unchanged la 14 5jc High Lew Close 333 515 511 007 04 594 1 444 411 415 447 447 474 May A 494 494 July 714 714 704 Certificated wool spot 511 Weal tope futures dosed quiet No isles Certificated spot weal top 905 jSToultryiMarkefidl FRESNO (UPI) Thursday: Dressed poultry prices uf ranch: FRYERS-53V4 HEAVY 17 LIGHT MM mostly 1 11 Vi SOUABS Me LIVE TURKEYS: YEARLING TOMS-205 yaung turkey hem 8 breeder hew SAN FRANCISCO (UPI-FSMNSI Thunday: Dressed poultry reedy to cook prices to renders: Broilers and fryers 2-214 to 331V34 Broilers end frveri 21W lb 3255-34 Brollen and fryer 2)4 lbs and ever 32-30 Roasters 4 Iba and over SMI Hans under 4 Iba 19-34 Htna 4 lbs and ever 40-44 Rvareeasttr turkey 45-41 Yeung tan turkeys 4344 Yeung tome under 22 lbs 37-42 Yeung tome 2334 Ibi 34-41 Yaung temi a lbs and evar 3941 Townc 2017 Fresno Ml 237-7562 NATAUEWOOP ROBERT CULP 1 BOBaCAROLtTEDAAUCEl ELLIOTT GOULO DYAN CANNON wiki IW1UI lEKdM mrs 1 PACIFIC DRIVE-INS WCHAEL YORK EUESOMHEK (G) COLOR -PUIS n't HI (G) DUSTIN HOfIMAN HE MAN" (GF) COLO -PIUS "MONTE WALSH" (GP pm 4 MMtS GARNER JAMES GARNER "SUPPORT YOUR LOGJU (G) C0L0 -PUIS ITS MAO MAB MU MM VJOtLD" (G) 5 lT50 PER CARLOAD SUNSET! H1 THREE FEATURES 1 (X) 2 "THE MMNEB-00 "UST OF THE MOBILE ROT-SHOTS" (X) PtllCUlAS EH ESflWOL "JUROR EN US NUIET A CHORES -I ARHUS "CUCURIUCUCU NL0MA" 1540 FULTON ST MONK 337-9420 NOW SHOWING 'CENSORED1 has "GWs-aris-GJrts' Wmm with escort! Free! OPEN NOON TO MIDNITE ADULT BOOK STORE BOOKS PAPERS MAGAZINES COLOR ART FILMS (S SUPER 8 MM) VtaSBO i JUl for UNDER STARTS Movie Audience GUIDE Motloa Picture Association ai America ratings fcf UNtRAl weCM GP lnflijtH far WfflW vdwncM (parental diuertinw edvmxQ Pmoni wdtr 1 not odmHtad MitN aceompamd by pafMt gr aduir gtsarda ISONS UNDER 18 NOT ADMITTED Th pviirtcfion may ba liighf ctrtowi Hfaafc Chidt eclef or ode Every Day Law Prici FISHERMEN'S WHARF GOURMET DINNERS LOBSTER TAIL $125 FR FRIED PRAWNS 2JU FR FRIED SCALLOPS Z9I STEAMED CLAMS IS9 BAKED FILLET SOLE U9 CRAB CI0PP1ND 2J9 NY STEAK 299 CHICKEN CACCIATORE 2S9 COMPLETE DINNERS Mite Sia sol SiW SpifMli lull lit tirCMnliBuMrL 0P LUHCH 11 JLM VIDONE'S $075 HYATT 2141 Parkway Dr (Clinton Ave at Hwy 99) 266-9769 264-5977 Palace BACK By Popular Demand! HYATT RADEW1JVDS miLCORDOMLEU hmwkdtf netwwf chomiSd With mushreDm qrovy A Parisian classic Sarvtd as ons of our complatB dinnsrs diary of a mad housewife a frank perry film XO-HIT action of week mortgages next dresMdmarMs baMra making atny cemmltmants and a wait and sae attl- tuda prevails Cemcarad to slaupMtr the previous seW steady sales tor current to week deiiveryuniw gdiuM- sn5S Slaughtw Weeri: Confirmed 14SS lto choice 9731075 lbs vtaM grade 33 ULJ34 todudei two loeds tha latter prk- 1115 good and ctalca 9731050 Iba 031533150 indudts mar HI said evw tta weak and and lata lad weak tor cup-rant to lato June delivery-Feeder steers: Cenflrmcd 791 001 cheica 75377S IU 531 190 choice 123050 Ibi OJOJOL VISALIA (F5MN5) Eiflmetod Wl-fete: 1400 compared to 1200 Hat week and 1450 tort year Compared to tta previous week slaughter cewi sold tody 531 tower tta lull decline on commercial and high utility slaughter bulla steady to 50 canto towar leader cattle and calvta uneven but averaging about rtaady except steer calves steady to strong and ftoshy offerings of cahma wssk to 31 tower Supply about per cent cews five per cent slaughter bulls 40 per cent toeder itotra and stow calvta and 30 per cent feeder heifers and Mitar cahma Slaughter cows: Commercial 8143 3140 utility 019433240 bulk 0338 taw cutter S17J3XL Slaughter bulla: Commercial 874940 utility 85931741 Fcadtr rtaars and atoer cahma: Ctalca 133145 lbs 051-54 21 MS Iba 0415341 mostly 04541- 193M0 lbs 04144 34348 No 8341 433410 Ibw flertiv offerings 0353150 50358 IM 534233125 53750 lbs 81J33US eeed 153175 Rl Hol-rtrtta 4547 203375 3 100 Rk Hototrtna 04343 30338 KM 013 8 34348 lb 014153115- 4038 Ibis 84304 tow itandard and ood 75308 lb Hetotelns 8583475 Feeder heifers and heifer rehma: Cheica 10328 Iba 7S8: fow 250 1o 28 KM 53775 8338 Iba 534JS34 taw 553475 lbs 8753-7775 good 12538 Ita 530533340 153440 50348 Ita 8S933670i 844535 8903318 taw 40378 Ibf CHICAGO (AP) Future trading an a Chicaaa Mercantile Exchange Tfwn- tta Chicago Mercantile Exchange dey: Open High LIVE BEEF CATTLE Jun 895 815 88 88 9 jo'47 si 3040 M45 OCR WA NM JWW pc 8w 318 LOS ANGELES (AP4JSDA) Lhw Hack weekly summary tasdlet and rang SUr rttara about needy limited Mtat of feeder ceffte week Stoughtar stem mostly choice 975-185 lb 318 Feb eeopoappooeabi MY e4eei9i99i Seles: June 9)9 Aug 58 Dec 94 Feb 79 April 19 good end choice 953-1 32833 imoeriy good 9351JB5-IH Hei-stetne 30888 All ter current Hlverv tour per cent shrink Uk teed lots Feeder cattle: Steers choice 41548 lbs 3X328 mixed good and choice 2548 lbs 8 good M0 lb 29 Heifers: etale 48 Ita 8 goad end chrtct 545 lbs 8 mostly rtieict 3134b heifer calves 8 HI tor current delivery an to 3 per cent shrink la weighing point Foreign" Exchange i NEW YORK (AP) Foreign Ek- Cheng In dHlars end decimato a dot- Thurs i 88 1419 24175 24155 2418 11790 88 818 138 1404 2421 8181 1437 853 1937 Wed 97 2418 2418 2-4150 2418 1128 88 8018 138 1410 811 81407 1407 89 1937 2442 88 1959 OKI 88 1700 8248 Canada In NY (fret) Britain (pound) 8 (toy Futurea ae Day Future 8 Day Future Australia (dHlar) Auatria (sdillling Bcfetum (franc) Denmark (brant) Franca (franc) ismy (Dm) Narwnv (krona) FartutH (escude) Sweeten (krone) Swf fieri and (tranofrie) Wart Germany (dcutectamark) Argentina (pasoTran) Mexics (oasel Veneiuela (brtlvar) Hong Konp (dHlar) Japan (van) toraH (pound) 218 159 801 ja 1700 82799 GIG YOUNG ANNE JACKSON In ITS ALL SO HIGHEST RATING York Dtity News LOVETURM) OTHER flliflflGERS £iPCflC COLOR 6 DAYS ONLY SAT I SUN $1 50 until 3:30 pm NEW MANA6EMEN iCCtranmt Jquxrc UNDER rniw first 7274)774 xxxxxxxxxxxxxxxxxxxxxxxxxxx THEMimiM)iiitikLiMX JJREANUT psBSigx xkoATrud on1trial5HX anew motion picture adult audiences 18 NOT ADMITTED iljte! uNfe (sum FIHl MOST lird rcoiot 4 sound xxxxxxxxxxxxxxxxxxxxxxxxxxx a Mow Pizza Salads Sandwiches Spaghetti Soft Drinks M9 RMB8 9 pqtotaR MA4 Si? 6bA9 dtew 89BR awe BELMOHI 5 ILVAN NESS ft 866-5574 FINNISH-STYIE" SHOW INC I also Poy aCtofp' All Color LADIES WITH ESCORTS $150 $f) CfS NO ONE UNDER 1 8 CAN BE ADMITTED ftow-roivAnl kAftTY at felMOWUKSd Pw IV IH1 IN COLOR ittBnuK tustu Tsui' In Eastmancolor TOMORROW postgraduate mm Pizza AJPXuE AT BUTLER 851-8078 PERSONS UNDER 21 NOT ADMITTED! LAST DAY! XXX ADULTS ONLY ADULT FILMS SHOCKS VENUS Theatre SB PI VAN NIBS PfoN 24-3078 tC fo 99091 224-47T rzxrn art1 0 Tenite 7:8 ad 98.