Honolulu Star-Bulletin from Honolulu, Hawaii on October 21, 1974 · 17
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Honolulu Star-Bulletin from Honolulu, Hawaii · 17

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Honolulu, Hawaii
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Monday, October 21, 1974
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17
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Monday, October 21, 1974 Honolulu Stew-Bullotin A-17 Billy Graham, Honolulu Symphony, et at i:aryikers Enjoy Stylish onvention pener -, ,' lt ( ,, . , i ' . , I I By Pierre Bowman and Janos Gereben Star-Bulletin Writers With inflation and unemployment soaring, it was not surprising at all to see bankers by the thousands streaming out of chartered buses for a prayer meeting with Billy Graham, passing up their first Island Sunday on a perfect blue Hawaii morning. The surprise, nevertheless, was not long coming. Mingle and chat, and wow, they tell you that banks are having a terrific year across the country. Attending the prayer meeting in the Honolulu International Center Arena yesterday morning might have had less to do with seeking divine guidance then expressing a slightly nervous thanksgiving. THERE WAS little or no indication of grave economic problems as the American Bankers Association held its "fellowship gathering" in the Arena, prior to today's official Opening of the group's national convention.' Donald Campbell, president of Exchange National Bank in Jefferson City, Mo., said he was at the meeting to hear Billy Graham. "We're having the best year ever," said Campbell of banking, in a comment representative of many bankers. 'Money is tight and there are no funds available for mortgage loans, but interest rates are up and so it's a very good year for the bank." James Swain, vice president of the Commerce Union Bank of Nashville, Tenn., thought that "the trouble with the economy is that no one is willing to slow down somebody needs to stop." He said his bank sent only three officials to this convention, rather than the 10 to last year's meeting in Chicago. The three, however, just as almost all the conventioneers, brought their families. Other bankers said their institutions are represented by just as many officials as at the cheaper Mainland convention. Jeral Miller, president of the First National Bank of Hale Center, Tex., brought his brand-new bride and six of his bank's 13 employesplus all the wives. A banker from a .arming community said, simply, "It's been a good year for our farmers and so a good year for us." It also appears to be a very good year for prayer meetings. THE ARENA GATHERING was strictly first class: Graham, the whole Honolulu Synphony, a new outfit of kids called the Honolulu Boy Choir, the Prince Kuhio Hawaiian Civic Club chorus, the woman who plays the organ at Islander baseball games filling in a musical bridge or two on the Hammond and the Rev. Abraham Akaka delivering a short version of his "we must tune the ukulele black-white-brown-yellow" sermon. - The bankers, their wives, and a scattering of children filled the Arena to the rafters with an overwhelmingly homogeneous crowd: White, middle-aged or older, mostly dressed like visitors ready for the tour buses. THE ARENA was all decked out. Plants and trellises decorated the front doors and fouled up pedestrian traffic. Inside, red-white-blue fringe hung in abundance from the ceiling, rather like the grand Opening of a filling station. Three enormous movie screens hung behind the stage, below a glittering sign announcing "American Bankers Association 1974 Convention." The orchestra whipped through Purcell's "Trumpet Voluntary," and then the Civic Club filled the Arena with sweet harmony under the direction of Kihei Brown and to the accompaniment of his wile's highly-sociable paddle-wheel piano playing. THE AUDIENCE sat bathed in pink floodlights, turning mellow. Then Robert LaMarchina led the orchestra through a painfully slow rendition of the finale of Beethoven's Symphony No. 7. A church-like atmosphere was thus firmly established. Clifford C. Sommer, past president of the associafion, took the podium to the dying strains of Copland's "Fanfare For the Common Man," which is now associated with Toyota's Noah's Ark TV commercial. He welcomed the audience, praised the musical performers and announced that the orchestra would perform a medly from "The Sound of Music." It did. Billy Graham, up on the stage, stared at the violins. WHEN IT WAS OVER, the audience went bananas' as bananas as a dignified audience gets at 9:20 on a Sunday morning. The Boy Choir went through a couple of numbers in piping unison. Then Akaka gave his ukulele talk, noting that bankers ought to be good at playing because "they know how to make happy, ecstatic sounds by choking the neck and tickling the stomach." A banker from Houston fell sound asleep. Finally Graham took the podium. From the flash bulbs going off, you'd have thought it was Mick Jagger. The orchestra played him on with fanfare from Dukas' "La Peri. GRAHAM TOOK a level look at his audience and then put it in the palm of his hand with a clutch of anecdotes that generated guffaws solid enough to turn Bob Hol5e green with envy. Then Graham got to the meat of the matter, quoting everyone from Pope Leo the XIII to Lillian Roth, 1AMERICAN BANK-Ei ASSOCIATION QNVENTION 00e4-11-iosaLuLtoilAwAlt , :10:,44At' 4$ telling the group that the United States is practicing "the economics of the apocalypse." He told the bankers it's time to acknowledge a problemas Lilian Roth acknowldeged her alcoholismand said "It's not too late for America, if we're willing to roll up our sleeves, tighten our belts and have faith in God." He added that until the nation deals with sin, it will c :ntinue to move from crisis to crisis. Graham had soothing words, too. He told the bankers that it is not money that is the root of all evil but the LOVE of money. "GOD'S QUARREL is not with material goods," he said, "but with material gods." But again and again, he warned that unless the country takes moral action quickly, "we may find 'o t;f4 ?';" (004; c4 ottli ' ourselves in a totalitarian state." He advocated "a new puritanism" and urged the audience to light "spiritual and moral candles" that "will send a glow throughout the world." Graham took his seat, the audience sang "God Bless America" while slides of pretty, Mainland scenery played across the movie screens. WHEN IT WAS OVER, part of the audience surged around Graham. "It was fantastic the music and the message," said Irwin Knutson, vice president of the First National Bank at Starbuck, Minn. And Miller, president of the Hale Center Bank said: "It was worth coming for, all the way from Texas." INVESTING COMPANIES NEW YORK (AP) -The following Quo. tations, supplied by the National Associ. anon of Securities Dealers, Inc., are the prim at which nese securities could have been sold (net asset value) or bought (value plus sales charge) Friday. Sell Buy AGE Fix! 313 3.81 Adm Grt 3.39 3.72 Adm Inc 2.97 125 Adm Ins 7.06 7.74 Advisrs 343 335 Aetna F 5.30 5.79 Aetna Shr 11.0112.03 Atuture F 5.45 NAAilAm Fd .32 .35 Allstate 7.12 7.65 Alpha 8.24 9,01 3.20 3.50 Znicn firth 9.68 10.64 Am Diver 6.23 6.81 Am EirritY 3.46 3.79 Amer Express: . Capit 4.56 4.98 Inane 6,85 7.0. Invest 6.02 6.58 Sped 4.55 4.95 Stock 5.15 5.63 Am Grth 3.62 3.96 Am Insin 3.43 3.75 Am toys 3.67 NL. Am Mutt 6.46 7.05 MIN Gth 1.74 1.90 Anchor Group: Grwth 5.12 5.61 Incme $.81 6.37 Resry 10.3011.29 $pectr 3.13 3.43 Fd Inv 5.15 5,64 Wash N 7.88 8.64 Audax Fd 4.80 5.25 Axe Houghton: Fnd A 3.91 4.25 Fnd B 5.82 6,33 Stock Lien 4.74 $18 3.30 3.59 BLC Grits 7.31 7.98 Babson 7.65 N.L. Bayrk Fd 4.65 5.08 , Bayrk Gr 3.80 4.15 Reacts Hit 634 NI. Beacn In 7.43 NI... Berk Gth 2.51 2.74 Bondstk 3.43 3.75 Bost Fein 7.14 7.80 Bran Fd 2.18 2.25 Burnh Fd 7.87 N.L. Calvin Bullock: By' Ick 9.42 10.31 Candn 8.70 9.53 Divid 2.37 2.59 NatW S 7.27 7,96 NY Vnt 8,23 9.01 CO Fund 6.81 7.36 CG P1011 7.03 7.60 Can Pres 94,08 .. ,. (entry Sh 7.79 8.51 Chall Inv 6 81 7.44 Channing Funds: Amer .93 1.02 Balan ' 7.52 8.22 Bond 7.35 8.03 Eq Grt 5.79 5.78 En Pro 1.92 2.10 Fd Am $.25 5.74 Grwth 3.37 3.68 tricorn 5.34 5,84 Proy 3.05 3.33. Sped Vent 1.14 1.25 5.05 5,52 Chart Fd 1.40 9.18 Chase Gr Eke: Fund 490 5.36 Fri Cars 3,28 3.58 Shrbld 5.38 5.88 Sped 4.10 4.48 Crnicl 6.95 7.60 CNA MnerntFds. Lib., Fd 3.33 3.64 Man Fd 2,26 2.47 '-hust 4.98 5.44 Schu Sp 4.58 $.iii Colonial: (fly, 7.45 4.14 Enuty 1.84 f.01 Fund 7.84 1.57 Gratis 393 1.30 Incom 7.72 1.44 Vent 1.73 IBS olu Grill 9.41 NIwIth AB .76 .82 with C 1.10 1.18 Cornp Gr 4.02 1.39 Com C6 3.66 4.01 nBd 6.86 7.46 irFd 5.87 638 7.13 N.I... nv Cons I 7.00 7.50 onstel G 4.23 11.1... Cons Mut 609 N.L. trY Cap 8.94 9.67 rn WDiv 4.29 4.69 rrt WI:Jai 4.43 4.64 Iles Fd 2.49 ... vge Fd 5.04 M. cieVeoh 46.58 11.1.- Delaware Group: Decat 8.01 1.75 ... .. First Hawaiian Prime Rate Cut First Hawaiian Bank today announced it will reduce its prime rate from 1134 per cent to 1114 per cent, effective tomorrow. The prime rate is the interest banks charge for loans to their best corporate customers. First Hawaiian reduced its prime rate to 1134 per cent on Oct. 7 from a historic high of 12 per cent, reached in July. The Bank of Hawaii, the State's largest bank, had reduced its prime rate De law 7.77 t.vs Delta 3.08 3,37 Dir Cap 3.15 3.45 Dodo Cox 11.26 N.L. Drexel 7.31 N.L. DrevtuS OTP: Dreyt 8.17 8.95 Enutt 3.11 3.33 Levee 10.60 11.62 LioU As 10.01 Sol Inc 6.11 6.70 Third C 7.07 7.75 E&E Fd 2.44 N.L. Eagle GT 5,51 6.014 Eaton&tioward: Balan 6.87 7.51 Grwth 6.67 7.29 Maim 4.87 5.32 Stock 1f2 11.0919) EDIE Sol 12.45 NA-Egret Gt ese 9.33 Elton Tr 10.12 Energy 9.14 N.L. Fairtid 5.83 6.37 Farm Bu 6.18 N.L. Fed Reg 5.48 Fidelity Group: Bone) 7.76 848 :and 660 7.21 L'orntd 7.30 :onv Daily I 1.00' Dstnv 4.97 Essex 5.15 Evrst 8.56 9.36 Fidel 11.381244 Puritn 7.58 8.28 Salem 2.88 3.15 Trend 15.0716.47 Financial Prog: Dyne 2,89 14.L. Indust 2.86 N.L. Incom 4.91 N.L. Vent 2.71 N.L. FstFd Va 7.78 8.50 Ft Investors: Disco 3.21 3.52 Grwth 5.07 5 56 Inaxn 6.43 7.05 Stock 5.86 6.42 Fst Molt 6.52 N.L. Rem Brg 7.12 Forum Group: Clmb F 6.38 100 Fd 6.33 101 Fd 6,49 TW en F 4.19 Fnd Gth 3.45 3.77 Founders Group: Grwth 3.81 4.16 111COM 9.3210.19 Mutat 6.53 7.14 Sped 8.46 9.25 Fours 6.37 P&L. Franklin Group: DNTC 5.06 5.55 Grvoth 4.79 5.25 U tils 3.26 3.57 i MOM 1.55 1.70 us Gov 9.11 9.98 Can't 4.83 5.29 Equit 2.77 3.04 Frkin Lle 7.49 8,19 FdF Des' 6.13 N.L. Fund Inc Grip: Cornm 6,33 6.92 Impac 5.43 5.93 Ind Trd 814 8.90 P ilot 5.92 6.47 8rS7 .S 2319 Gen Sec esn GrthFd A 3.40 3.72 Grth Ind 12.66 N.L. Guard M 18.61 N.L. Hamilton: F HIM 2.95 311 Grwth 4.14 4.52 I tICOM 4,99 5.44 Hart Gltt 7.24 N.L. Hart Lev 6.41 NI. Hedge 507 Heritge .88 Hor Man 121513.89 ISI Group: Grwth 4.05 4.43 I !Vern 3,6om99 Trus Sh 13.7014.97 Trus un 3.70 FT e Cap 6.74 7.37 rT Gth 5.44 5.95 ncF Am 11.cr2ITG4 nc Bost 570 5.59 ndustry 1.79 , NTGN 6,50 7.03 nt Myst 15.0616.50 Wet' Gth 5.46 N.L. CA 96110.50 nv Güld 5.03 NAnv Indic unevail nves Bos 7.69 8.62 tiv Counsel: Capm 1,38 6.99 Capit G 32 251 Capit S .55 3.90 Investors Group: IDS Grt 3.69 IDS ndi 3.48 3.70 Mutt 6.92 7.52 Prog 2.36 2,56 Stock 13.3114.47 Select 8.19 8.81 Var DY 4.89 5.31 Inv Resh 4.16 4.55 Istel 17.97111.53 lv 5.06 N.L. JP GTMF 7.04 7.65 Janus F 14.56 NI ..1000 H8005CK: Bond 17.0618.54 Grwth 4.77 5.18 Signet 6,79 6.84 Johnstrt 1578 N.L. Keystone Funds: Apollo 2.72 2.98 Cus B1 16.6117.37 Cus B2 16.3017.87 Cus BI 6.78 7.43 Cu; K1 5.69 6.23 Cus K2 3.82 4.19 Cus SI 14.33 15.71 Cus S2 681 7.46 Cus 53 4.98 5.46 Cus SI 2.25 2.47 Polar 2.22 2.43 Knickb 4.48 4.92 Knick Gt 4.79 5,25 Land Gth 5.26 5.75 LO Edie 11.2111.99 Lexington Grp: Co Ldr 10.7811.91 Lax Gr 4.51 4.93 Lex Rh 10.2111.16 Life Ins 4.62 5.05 Line Ntl 4.47 4.89 Loomis Sayles: Capit 8.01 N.L. Mut 10.29 NI. Lord Abbett: Maid 5.36 5.80 A Bus 2.43 2.63 Bnd Db 8.18 8.94 Lutheran Bro: Fund 7,80 152 Incom 7.86 8.59 US Gov 9.9010.82 Massachuseti Co: Freed 5.92 6.49 Older) 5,66 6,70 Mass 8.78 9.07 Mass Financl: MIT 8.05 8.80 MIG 7.51 8,21 MID 10.4311.40 MFD 8.30 9,07 MCD 9.83 10.74 Mates 1.26 NI. Mainers 6.88 N.L. Mid AM 3.64 3.511 Mon Mkt 1.00 N.L. MONY F 7.15 7.81 MSB Fd unavail Mut Ben 6.53 7.16 MIF Fd 6.21 6.71 MIF Gth 2.61 2.81 M OmaG 3.64 3.96 M Omani' 7.09 7.71 Mot Shrs 15.59 NI. Mut Trst 1.70 NI. NEA Mut 6.49 N.L. Nati Ind 7.12 NI. Nat Secur Ser: Balan 6.74 6.93 Bond 3.85 4.21 Divid 2.78 3.04 Gratth 4.09 4.17 N Stk 4875.20 Incom 3.87 4.23 Stock 5.32 5.81 NE Lite Fund: Equit 11.99 13.03 Grwth 6.76 7.35 Inman 12.5613.65 Side 10.3111.21 Neuw Cet 4.16 NPUW Fd 6.32 New Per 11.0612.09 New Wel 8.33 9.10 Newton 9.5110.39 Nichls Fd 8.28 NI. Noreast 12.58 N.L. Omega .6,66 6.78 One WmS 11.40 N.L. ()Neill Fd 10.78 NI. Onoenheirner Fd: Oppen 4.74 5,18 00P Me 9.6710.10 AIM 6.54 7.15 Time 3.78 4.13 OTC Sec 8.74 9.50 Param M 5.10 5.58 Paul Rvr 4.51 1, VJ Pegas Fd 2.95 3.24 Penn So 5.23 NI. Penn Mu 1.26 NIPhila.. 4.55 4.99 ;lbw Cap 6.71 7.33 Pilgrim Grp: Pilo FS 9.11 Pilg Fd $.04 551 Mag C 2.18 238 Mag In 692 7.56 Pine St 7.93 N.L. Pioneer Fund: Fund 8,78 9.60 II 7.28 7.96 Plan Inv 8.49 9.23 Pliorth 9.01 9.85 Plirnd 5.00 5.66 Price Funds: Grwth 8.06 N.L. incorn 9,16 N. N Era 8.78 NI. N Horiz 5.19 NI. Pro Fund 4.60 N.L. Prov GiN 5.94 6,49 Pro SIP 6.68 7.39 Putnam Funds: COM 8509.39 Equit 6.31 6.90 GGr;,og 10.2011.15 7.57 8.27 Incom 6.60 7.21 Invest 6,03 6,59 Vista 6,65 7.27 Voyag 7.08 7.74 Reserve IT NI. Revere 4.32 4.72 Safer Eat 5.65617 Satec Gth 4.3404 Scudder Funds: Int Inv 9.99 N.L. Spec! 17.31 N.L. Balan 11.28 NI. Corn St 6.65 N.L. Man Rs 10.01 NI.. Sbd Levr 385 4.M Security Funds: Eputy 2.59 2.84 Invest 4.99 5.35 Ultra 4.72 5.17 Selected Funds: Se l Am 5.38 Sel Oro 6.39 N.L. Set Sol 10,55 NI. Sent Gth 6.76 7.35 Sentry F 9.5910.42 Sharehoiders Gp: Cmst3 2.86 Entre Flet Fd 3.13 Harbr 6.39 Legal Pace Shearson Funds: Adore 13.98 15.78 !morn 14.3315.66 Invest 7,24 7,91 Sherm 0 11.43 N.L. Side Fd 6.40 7.01 Sigma Funds: Can't 4.71 5.15 Invest 7.09 7.75 Trust 6.18 6.75 Vent 4.90 5.36 SB Eerie 7.47 N.L. SB l&Gr 8.09 NA-. SoGen Int 8.56 8.96 Sw Invs 5.18 5.71 SwIn Gt 3.71 4.01 Sover Inv 8.30 9.09 Spectra F 2.98 NI. S&P IntD 1.58 NI. State BondGr: Corn F 3.07 136 Div Fd 3.62 3.96 Prog F 2.90 3.17 StFrm Gt 3.33 NIS Frnt In 697 NI-State St 30.73 30.65 Steadman Funds: Am Ind 2.18 N.L. Asso F .92 NA-. Invest 101 NI. Ocean 5.92 N.L. Stein Roe F(ts:. &Nan 1364 N.L. Cap ID 536 N.L. Stock 9.17 N.L. Supervisd Inv: Grwth 4.36 4.78 Incom 6.51 7.13 Sunlit 5.69 6.24 Tech 4.91 5.38 Survey F 6.70 7.32 Temp GO 6,30 6.91 Tros CU) 6,18 6.72 Tray Ed 7.48 8.20 Tudr Ned 8.95 NI. TwnC Gt 1.97 2.16 wnC Inc 318 3,48 USA Gt 5.98 NI. us GovSe 9.12 9.26 USLIFE Funds: Apes 2.92 3,09 Balan 615 6.94 ComSt 9.02 9.86 Unit Mut 5.69 632 Unitund 5.43 5.93 Union Svc Grp: Broad 9.1910.04 Nat Inv 4.76 5,20 U Cap 6.39 6.99 tfirliOn 9,9610.89 United Funds: Accrn 4.65 5.10 Bond 6.46 7.08 Con Gr 6.61 7.24 Con Inc 7.05 7.73 I MOM 8.49 932 Scien 4.53 4.96 Yang 3.69 4.04 Unit Svcs 4.17 NI. Value Line Fd: Val Li 4,20 4.60 Incorn 332 3.65 Ley Grt 4.18 4,91 Sol Sit 2.14 2.35 Vance Sanders: Invest 5.33 5.83 Comm 4.96 5.42 Spec! 4.66 5,09 Vandrbt 2.37 NI. Vantg TN 4,87 Var In P 2.99 2.82 Viking 3.91 NI.. Wall St G 4.40 4.81 Wash M 9.1710.02 Weing Ei 7.12 NA-, Wellingta Group: Ekon' 13.9315.22 i Ivest 5.93 6,04 Morg 7.47 8.16 Trust 7.32 893 Wells! 9.72 10.62 Welltn 8,12 8,87 West B 8.89 9.72 Windt' 5.68 6.21 West Ind 1,88 2.06 Westf Grt , 515 5.71 Wisc Fd 3.90 426 Ziegler 7.58 78 NI.- Pb o load (sales charge) from 12 to 1134 per cent on Oct. 5. A Bank of Hawaii spokesman said today no further reduction is contemplated immediately. Treasury Statement WASHINGTON (AP) The cash cosition of the Treasury on Oct. 17, 1974 in Operating balance 1,645,000,000 Deposits fiscal year July 1 266,051,000000 Withdrawals fiscal year July 1 273,564,000,000 IV Total debt 478,007,000,030 Debt not Babied to stinuters 2.1111,000101 Gold assets 11,367,CO3,0:13 - Operating balance On OCt. 1573 S.166,000,0133 mmmmom milimpraf nip AMON M NE OMMMOMEME MIIMMOMMO OM- M 1111.1. OM IWO IMENNOM ONNOMMN MOMMEMINN SMART CHART by Stansbury "Ace Clifford is putting $50 on the market to show." Stocks Surge Near Close of Trading NEW YORK (AP) Prices on the New York Stock Market charged upward toward the close in today's session. And the Dow Jones industrial average, which had been down most of the day, closed ahead nearly 15 points. Trading became active in the final minutes causing the New York- Stock Exchange tape to be two minutes late at the bell. Trading over-all for the day was moderate. Investors held back most of the day until technical and economic factors provided some encouragement. The spreading of an 1111.1 per cent prime rate and reports that further cuts are expected soon added enthusiasm. High interest rates have been a constant drag on the market. There was some negative news as third-quarter earnings reports gave a mixed impression. Most year-to-year gains were less than in previous quarters this year. The Dow Jones average of 30 industrials closed up 14.94 ; t 669.82. TODAY'S volume totaled approximately 14,500,000 shares, compared with 16,461,360 Friday. In all, 1,771 issues were traded. There were 848 advances, 528 declines, and 395 were unchanged. GOLD COINSiniii; ' SILVER.. PRECIOUS METALS HAWAIq 4747 louse Awe. Sults 203 :JP PH. 732.1494 fl000lfor of Howell Plocious, Motels Assockoton - s More Banks Decrease Prime Rates NEW YORK (UPI) More banks across the country today followed the lead of several major New York banks and cut their prime lending rate. Some banks made a cut of a half point, others a quarter point. With the reductions, the general level of the prime now stands at 1114 per cent. On Friday, two major New York banks, First National City and Chemical Bank. cut the rate to 4 Honolulu Stock Sales - I Bid Alex. & Baldwin, InC. 1934 Aloha Airlines, Inc. 134 Aloha Airlines 6 Non. Cum. PK 414 Amfac, Inc . 1634 AmfacS2.50 Cum. cv. Pid 25 Amfac Series "B" Pfd. 1114 Am.-Hawaii Ventures, InC. Bogo Medellin Mill Co. 4 C. Brewer, &Co., Ltd. 1814 Castle& Cooke, Inc. 12 Chrysler Corporation Crown Corporation 1 Del Monte Corp. Dillingham Corp., Inc. ' Dillingham 52.00 Cum. Cy. Pfd. 18 Hawaii Bancorporation, Int. 7741 Hawaiian Airlines, Inc. 314 ji4awaiian Elec. Co., Inc . 17 Haw'n. E lac. 4V4 Pfd. "C" 7 Hawaiian Elec. 5 P'd. "D" r ev2 Hawaiian Elec. Pfd. "E" Ova Hawaiian Elec. 5 PM. "I" 8Ve Hawaiian Elec. $I 44 Cum. cv. Pfd. "L" 15 HOH Corporation 15c Honohaa Sugar CO 120 Hen Rap. Transit Co., Ltd 21 inte, it land Resorts, Ltd au Sugar Co., Inc Maui Land & PineaPple 734 Pacific Leisure Enterprises 1 Pacific Resources, Inc. 1114 San Carlos Milling Co 714 Selama Dindings Pl., Ltd. 1Va Standard Oil Co. &Calif. Wailuku Sugar CO. 45 - SALES - FRIDAY AFTERNOON SALES October 11, I COCrown Corporation 1 2cs No Sales TOTAL! 100 Shares, N4t;., 4 fUnlisted Stocks Honolulu Exchange . Last Bid AS11610 Sal , Bishoolnvestmen1COro 10 13 10 Davies, TM. & Co. , 72 'First Hawaiian Bonk 17 16 19 jHawaii Coroorofion 314 334 di ,Hawaiian Philippine Co 5. 7 6 ,Hawaiion Trust Co., Ltd. 35 IR 35 . , Liberty Bank 22 25 14 26 FRIDAY AFTERNOON SALES October IA IT74 No sales MONDAY, OCTOBER 21,1974 top business borrowers a quarter point to 1114 per cent from 1112 per cent. Morgan Guaranty followed, with a half-point cut to 1114. Others followed today. Among those dropping their rate to 1114 were Irving Trust Co. of New York, Bank of New York and the Cleveland Trust Co. First National Bank of Chicago cut its rate to the same level in a quarter-point reduction. Several other banks, Last Year's I Asked Sale 1119h Lew 20'4 19 19'4 12 2,4 3 4 4,4 , 3.1 17,4 1444 Id 14 2564 2534 24 12 3,4 3 5 4'4 414 3'4 9 10 1266 1414 14 1414 26 1.41 1 20 2 1.20 2766 5,4 5 764 5 19,4 20'4 20'4 20'4 8,4 8'4 15 9'4 434 5 434 1764 15 204 15 8,4 8,4 10'4 8,4 936 11,4 11,4 11,4 934. 10,4 12 10,4 10'4 10,4 10,4 17 15,4 15V1 15,4 25c 20c 25c 10c 6s M 65 24, 4 22 24,4, 22 4,4 VA S't 3441 2064 22 19 S- ys 736 8,4 , 534 1,,s 1 1 1 1214 9 14,4 9 8,4 664 24 24 VA VA - 52,4 - 42 42 42 ' MONDAY MORNING SALES October 21, Itool SALES MONDAY MORNING SALES OC tabor 21, 1974 No Sates 25 636 6 35 27 - 1 1 Year's Nigh Low ie 10 . 11124 3 5 55 26 '' t GoLD , MOUSED MOAT, CAN BE MOAB PIONTABLE NAN BULLION BMW MTV NC. 310 To Iodine to4ty, s NATIONAL GOLD at SILVER CO. r, Pilonther4Scroull Predoue Motel Amu 641 11161100 St. ..1100711crl PH. 524296,..2. E , - - ,C;o;tom Made Executiv ' 1, SUITS SLACKS ' SHIRTS . -RNEY--TECIICRII- i 1138 BISHOP ST. Pit 5314816 U with a rate of 1134 per cent, made quarter-point cuts to 11. They included Chase Manhattan, First National Bank of Boston and National Bank of Detroit. The spreading of the reductions in the prime came with new indications the Federal Reserve Board is easing its hold on mgmmol4 8 ILVElt HAWAII'S OLDEST AND LARGEST EXCLUSIVE SILVER DEALER PACIFIC 111111011 EXCIANG1,11IC. Member A.A.. ',costa SAsois Ass rs Phone 524-2800 225 Queen St Suite 22 B the credit reins. on Friday, the rate on federal fundsthe reserves that banks lend one anotherfell to 212 per cent from 10 per cent without any action by the Fed to offset the decline. The Fed uses the federal funds rate as a guideline on whether to inject or absorb reserves in the ART INVESTMENT 16th-19th Century Old Master Oils Old German Beer Steins Restoration A Appraisals KURT NORDEN MUSEUM ART GALLERY 260 Lowers St., Suite 249 923-3881 or 923-1055 DISTRIBUTOR WANTED Qualified Individual Male or Female needed to distribute world famous Kodak film through company established location. "NO SELLING OR SOLICITING REQUIRED." Make this year your year for Independence. $3,995.00 investment. Guaranteed 12 month repurchase agreement. CALL: BRUCE LEIWANT 949-4321 Ext. 73001 SundayTuesday 9:00-10:00 am or 7:004:00 pm I ; The Largest Mortgage Brokerage Institution in the NationOyer $112 BIWON Placed Annually. For Expertise ir711 SONNENBLICH wrz,N L-111 GOLDrillINCR2 Pacific Trod. Center, Honolulu (808)514-3620 b. MON Sol Francisco Oslo Donor New York Doran noloOnotins Do Pico 21 . . 923 ACRES HIGH DENSITY RES. (200 UNITS) 940,100 BUYERS REPRESENTED BY IVAN G. PIVAROFF REALTOR 1 PACIFIC TRADE CIR., EXEC. SUITE 1414 TELEPHONE 536.1007 industry, abserbing funds on rate dips and injecting them on increases. 1-11975 Calendar Pads & Diaries OFFICE IAPPLIANCE COMPANY, ltd. 923 NUUANU AVE. PHONE 538-6946 I LkiralIZ'. DATE: 101874 SPOT: $484 QUANTITY BUY SELL CHANGE 1000 02. $4.840 00 $4.990 00 220 00 100 Oz. 494 00 514 00 22 00 50 Oz. 252 00 262 00 11 00 25 Oz. 127 25 132 25 550 10 Oz. 51 40 $3 40 220 Atcl. 1 Oz. 554 su 22 suR, BAG. 32348 348 48 15 84 DATE: 101774 SPOT: $154.75 AUSTRIAN BUY SELL CHANGE 100 Corona 6167 00 3167 00 fic 20 Corona 35 00 35 00 Pc 4 Ducat 76 DO 76 00 PC 1 Ducat 1950 . 1950 NC MEXICAN 50 Pesos ' ' MOO 2 CM 00 NC CALL FOR DAILY SPOT - Phone 947-2843 write' or call for WIZ Goid and Silver Nowsiettai SWISS FRANCS Minimum Quantity 1000 Francs Buy $346.20 SELL $346.20 WESTERN PACIFIC GOLD AND SILVER EXCHANGE' - - ioloni Blvd. Suite 710 Pan Am Building TheWorld's largest Silver arid Gold change with on line compute capabilities to buy or sell any amounts of Silver, Gold, or Swiss Francs on world markets, - I .. Prices do not include brokerage commission, , 6' , a , ,, J,ddie zes. . Nom -.0 ' , , la- I i litei - 0.1r.dalf gpo '' ' IliiiitP 161 1."0,' 141 11 I ,v,,.. , ire 4. 116 . 1 49 4 . ..APA , 'IP ??. it..4 ',. ,P0.11 VII LW:. 1416 LA .. .. .... 1 is: 4 Illr1 ),., v -A 'it ,,,' i 4 ,tor , tAiiv --dhhe r 4 - i alla ,J .4011.10P. e..- klit t .4, 4 A i '.. ? 1,4 ' '01 , 4,,,--- 111(WO . , - . ' Aor: 'e sliklibb' I, All a , , - . Ai Ill I 1) ' 0 1 ..- , 1 rt 11 - :Igg' , .1.06. ..... ,e a .1411 ---4 A MERICAN BANKER. I , ASSOCIATION ' . . 1-i0t4aLieu,LIO,WAINAlt c.,,NVENTION , -,t X ' rc - r , ni.,, - . 7;,;,:. .4' '' L it if 4,..,,, , ' - -4-(dH, .t.A ,- , t .- , , , f t , I dfr 01. f , 4,..1.' . '. '' l't4 ':, :Vcs' ,iff , , , -,4- 4,,, - Y 'N't,,,orPvI--vi -;,-k, . 44,. 1 ' ' k' ' ' - k . ', - i . i t big !Jr '1' '-'. , ,,),,,,,,,,f4 ,11.(R1 w-'., v,..:A.v..f.,t,t'4,0$0.v. v. fr- ',if' "No.,,,p, , , , -s,,,,, ', ', - 111.119--- - - ..si.,.. , 0... , e I NAM TODAY, CAN SI MOIL 7. , I ', ..) i PROFITABLE THAN BULLION . 6it .:i -- D 41ditims cit ...I.e.- BOUGHT ARV DEC 3101 . ) .. E A 5 1 k' Ell' 02 , To learte why, coil I t ( OIN J ,,;,,,,.....-i , NATIO. IJ,A1...T1.21SardEl A,S..R O. . . I k IA i - ' w , 9.23 ACRES HIGH DENSIT i . . ., . . . . . , t, (200 UNITS) r . z , ..,:. ; . . Atti . 4 '.30- :41 1111411.41.., PH. 5144966. i':.:s..,,..4..11 r . 1 tt, .4"! t , ,:tel: ' ' Ilis ir,' ' 1, ' - I '-'$ - .L-- 1 . A, lir , ;i, 4 .I Stil 13 Of 1 I , , 1 , , BUYERS REPRESENTED B' 0 - .-?.1 . - N' -.- ',-,t I . . ., . It- a ese - , . tL. ,t! .s. : lc:, ----e4-44iir - .-il::' I ' IVAN Ge PIVAIRI k , :8 : .1 40100,1,11.11kattet ; ., L ,;,, :,.,1. ' :.. ,,a..rft...k .,,,., ,,, i . REALTOR ' ' - ''' '' -- ?Is ' I PACIFIC TRACE att EXEC. SII t , . -.- O.,c,'", -'i.. ' afeekfi , .. . ' . - 0!tr.dkr -, , -.4' ,..'.44..-.A.-a; - I- - -, -. ,. ..,.....,e ...,, - L .1 -7-t,'n..--t I ,:!;:2;i1,1,,r,l,"aLrtill'41,!:-.10:,11Z:. TELEPHONE 536.1001 - - - '.;5:,...''''"1"1"---""1"."' ,,,,,,,,,..:,..,:.........,::,.....,7""",..2......,''',:;.,,,:,.... - rum vixlm mg ,. , --,...,.........1.-,acconanwItmetrronmammose.civio,11.WRNLVAINMIERESEZIMNETrM-Zaft !Ma.- s ,.,:! 75 Ac,...,., ,,,,. ,,,,,,,, 0,...i .... :'-'.,,..7 ....,,,A....,.......,.., . .., ..... ... .. . . ....... 17-SO-AZ t:i,ii ': :q.f))P113) - 1 ; or ', ...i. Tc:oi DATE: 101774 SPOT: $15475 USTR1Art BUY SELL CHANGE 1 100 Corona 8167 00 116700 NC ) 20 Carona 35 00 35 00 PC 1 4 Ducat 76 00 76 00 PC 1 Ducat 19.50 19 50 NC MEXICAN 50 Pesos ' ' 212 00 2CM OD NC Avve , --"Cor lAk.rMWilb ILE E. Aft. Iry ca I LIM romiri 1401.01 , ii ;;, 1 CALL FOR DAILY SPOT - , Phone 947-2843 write or call for E MEW .11111rt ' Gold and Silver Newsletter ; black-white-brown-yellow" sermon. Mutual Funds 15V -40,- , 1 :1111b, 10 outgo Kodak Immo 4 'I I

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