The Miami News from Miami, Florida • 39

and Per Colder ectas: $153 See story, Co. 3. DOW JONES CLOSING AVERAGES NYSE CLOSING INDEX Prices dip 928.66 0.37 or 0.05 per cent 255.02 1.72 or 0.73 per cent 107.36 0.75 or 0.68 per cent 309.45 0.91 or 0.29 per cent 30 Indus. 20 Trans. 15 Utils.

65 Stocks Tht Associated Press million shares, the lowest since last Oct. 25, Market up 14 cents. Index Industrial Transportation Utility Finance 59.51 0.20 65.44 0.19 49.58 0.29 36.07 0.21 75.87 0.29 Closing at 928.66, the Dow Jones average of which was Veterans Day. In the American Stock 36 Industrial was off .37. In mid-sessions it was Exchange the price change index was up .08 at ahead 1.76.

Volume on the Big Board was 3.14 27.39. LATE Dollar firmer, pound weaker LONDON The U.S. dollar was firmer on Europe's major foreign exchange markets today but the pound was generally weaker. In London the dollar improved by a half a cent, reaching 2 4375 against the pound as compared with last Friday's closing figure of 2.4425. In Frankfurt the dollar opened at 3.1550 Deutschemarks, up from Friday's closing of 3.1500.

The pound opened at 7.6900 Deutschemarks, down from Friday's closing of 7.700. On the two-tiered Paris money market the dollar firmed and the pound eased, but both currencies moved within an extremely narrow range. PRICE 10c Miami, Monday Afternoon, July 3, 1972 pi is MOT BUSINESS BRIEFS (6 ll i -I 500,000 Vegas Reuters News Service GENEVA Warnings have gone out to the world anV lines of a terrorist threat of action tomorrow unless Israel frees Kozo Okamoto, survivor of the three Japanese who staged the Tel Aviv airport massacre, according to informed sources here. There were a number of other demands, one of which was that Okamoto be allowed to commit suicide if he were not freed. lied reca Associated Press Wirephoto Reading asks employes to take cut READING.

Pa. The Reading Railroad, which has filed for reorganization under federal bankruptcy laws, has asked its employes to take a 10 per cent pay cut because of a "diminished cash flow." Company President Charles Bertrand said that because of the poor financial condition of the company, the stockholders' equity could be zero by the end of the year. He said if the bondholders' equity was cut by losses, the firm may be forced to liquidate. Dr. Pepper sues Coca-Cola MEMPHIS The Dr.

Pepper Co. has filed suit in U.S. District Court at Memphis charging the Coca-Cola Bottling Co. with trademark infringement. At issue is a new soft drink marketed by the Coca-Cola bottler at Memphis under the name "Peppo." A spokesman for the Coca-Cola firm says Peppo "tastes essentially like Dr.

Pepper." Dlyth, Eastman Dillon to merge few YORK Blyth Co. has announcefTplans to merge with Eastman Dillon, Union Securities Co. giving it a route back to New York Stock Exchange membership which it lost when it was acquired by an insurance company two years ago. Blyth, still an 1NA Corp. subsidiary, said Friday its merger with the Big Board member firm would create a new firm called Blyth, Eastman Dillon Co, Securities steady in 2nd quarter NEW YORK Over-the-counter and listed securities generally ended the second quarter of 1972 where they began following sharp upward movements in the first quarter, according to a comparison of leading security averages released today by the OTC Information Bureau.

Average figures for the six months ended June 30 showed that OTC stocks generally outperformed those on the exchanges in both the quarter and the half. Sony to start U.S. goods promo TOKYO (AP) Sony Corp. said today it is establishing a subsidiary to market U.S. products in Japan, and already has more than 1,000 applications from American firms that want Sony to promote their products.

Computer firm alters incorporation DALLAS University Computing Co. announced today it is now incorporated as a Delaware corporation. The change in the state of incorporation became effective at the close of last Friday, the company announced. UCC, which keep its headquarters in Dallas, formerly was incorporated as a Texas corporation. jBath Industries confirms report MILWAUKEE Bath Industries today, confirmed its Bath Iron Works shipyard would build three newlv Resigned cargo ships for the States Steamship Co.

of San They said the unique vessels would solve a number problems currently facing American firms shipping to Far ports. Contracts in the amount of $114 million for the construction of three ships under the merchant marine act of 970 were signed today. Government signs for 3 tankers SAN DIEGO President Nixon has announced the signing of an $83.5 million contract between National Steel and Company of San Diego, the Aeron Marine Ship-ComPany and the Maritime Administration of the U.S. Department of Commerce. This was for the construction of three $6,000 DWT oil carriers.

U.S. to block B.F. Goodrich lease WASHINGTON The Justice TVnartment tnHav an. Gunpowder blast victims Daniel C. Tinker, II, left, and his brother, Andy, 10, are covered with cold packs in an Omaha, hospital where they were taken yesterday for treatment of burns suffered when one of four boys set fire to a pile of gunpowder.

Others injured were Robert A. Riordan, 8, and Steven T. Schmitz, 5. An' lnternation Air' Transport Association (IATA) spokesman confirmed reports of the threat and said it was made against all Jewish businesses, starting with the Israeli airline El Al. IATA's security department has warned Interpol and all the organization's 107 airlines about the threat, which had been received through an IATA airline, the spokesman said.

He added that this was now routine procedure. Many recent threats had turned out to be hoaxes, but this did not mean IATA was not taking this one seriously, the spokesman said. Sources said the threat was framed in a language other than Japanese, but they did not identify it. It demanded that Israel free Okamoto or allow him to commit suicide and return the compensation which Japan paid Israel for the airport attack. Israel should also deposit $5 million with the United Nations to be used to help underdeveloped countries, and should quit all the territories it occupied during the 1967 Six-Day War, the demands continued.

the sources added thjlhe anonymous ultimatum 'irtso stipulated that UN Secretary-General Kurt Waldheim should appear on television to announce that all the demands had been met. If they were not met, terrorist action would begin. Israel brushes off threats The Associated Press TEL AVIV Israel declared today it "refuses to be frightened" by an anonymous warning of attacks on its national airline, El Al, if it does not free Kozo Okamoto, accused in the Lod airport killings. Transport Minister Shimon Perez said: "Those who allow themselves to be frightened are inviting disaster on international air links." El Al said it had not changed or increased its security measures following the threat, "because our security measures already are maximal." Reports from Lod Airport, where Okamoto is accused of taking part in the slaughter -of 28 persons May 30, said there was no unusual activity visible following news of the threat. Syria turns to UN for officers' release Reuters News Service DAMASCUS, Syria Syria today asked for an emergency meeting of the United Nations Security Council and the adoption of measures listed in the UN charter if Israel did not immediately release five captured Syrian officers.

Th Associated Press DETROIT General Motors Corp. today announced the recall of 500,000 of its Chevrolet Vega minicars for inspection and possible replacement of defective rear axle shafts. The recall, GM said, involves virtually all 1971 and 1972 Vegas built prior to last May 5. Only models with so-called "Positraction" rear axles are excluded. Chevrolet said 59 shaft failures have been reported thus far, but that no injuries have been reported because of them.

It said two failures have resulted in minor body damage to vehicles. Somewhat similar rear axle failures resulted earlier this year in Ford Motor recall of more than 400,000 1972 Ford Torinos and Mercury Montegos. "Excessive end play in the defective shafts," GM Said, "could cause a lock ring to disengage, permitting the shaft and wheel to move outward. "If that should occur, the rear brakes may become inoperative and the wheel and axle could separate from the car, permitting the car to drop down onto the rear suspension." GM said, however, that if rear braking were lost front brakes would continue to work. The company said actual inspection would take less than 10 minutes and that axle replacements, if needed, could be completed in approximately an hour.

Inspection and replacements will be at company expense. Irish Protestants block quiet Belfast streets that the British Army for the moment at least had no intention of penetrating the Protestant rings. Manned barricades of steel spikes cemented into the roadway protected three Protestant areas, housing some 40,000 people. Whitelaw's policy is to seek to bring down the Londonderry barricades by persuasion rather than force. Tension evaporated in the Protestant backstreets alongside the "peace line" dividing Belfast's feuding communities, once it became clear The Associated Press BELFAST A Protestant citizens' army established three permanent road barriers in Belfast today in defiance of British authority and threatened instant retaliation if any harm befalls their kid-n a folk hero, Gusty Spence.

The city was quiet after a weekend in which seven men died, apparently the victims of guerrilla execution squads. The Protestants' barricades were thrown up to spin- William Whitelaw, Britain's administrator in Northern Ireland, into tougher action against the IRA barricades in Londonderry, the province's second city. $125,000 bonus offered to lure Fischer jounced its intention to block the lease of part of the rubber lootwear facility of the B. F. Goodrich Co.

of Akron. Ohio, to another rubber firm. The department said it also has advised i xne converse Kuuucr Lorp. or Maiden, that the federal government will seek a restraining order to halt Converse's proposed lease, with option to purchase, of certain Goodrich footware facilities. can be saved, I am offering to boost the prize money.

"The money is mine. I hope my offer will help remove the problem of money from Fischer so that the match can go ahead," he said, adding: Soviets protest chess delay The Associated Press MOSCOW The Soviet Chess Foundation, protesting the postponement of the Calder perfectas pay big LATE NEWS BRIEFS (Earlier story on Page 2A.) Reuter News Service LONDON Jim Slater, one of London's youngest self-made millionaires, today offered $125,000 from his own pocket to entice U.S. chess champion Bobby Fischer to play against his Soviet rival Boris Spessky. Fischer has been given until noon tomorrow to sign on at the world chess championship arena at Reykjavik, Iceland. So far he has shown no sign of keeping his engagement, the reason apparently being that he is dissatisfied with the amount of cash at stake.

The prospect that the I versus Spassky match might have to be called off has upset chess enthusiasts throughout the world. Slater, head of the Slater Walkrr Securities Invest-n nt group, London's fastest AssocWed Press WlrepMo present world chess outside his hotel in Fleet won with Power Structure coming in second. Salvador Gomez, a leading rider, was thrown in the second race but escaped injury. Gomez' mount, heavily favored Gahriclle's Research, tried to jump the temporary fence at the end of the six-furlong chute and the rider came off, landing on his back. GonieT; cancelled his mount in the third race, but came back to ride in the fourth.

'The only thing I hurt was my sunburn," Gomez said. Perfecta payoffs reached gigantic proportions at Calder Race Course today, with a $1,456.40 jackpot for the 6-7 combination in the second race, and a $1,534.60 payoff for the 2-1 combination in the third. In the second race Mutual Benefit ($23.80) was the winner with March Code, an 80-1 shot, second. In the third race a pair of 45-1 shots finished 1-2. More BORIS SPASSKY of Russia, champion, holds thumb up Reykjavik, Iceland, yesterday.

Rail crash kills 11, injures 27 NORVALSPONT, South Africa Eleven persons perished and 27 were injured today in the predawn derailment of a Port Elizabeth to Johannesburg passenger train. Reagan in Denmark to start tour COPENHAGEN California Gov. Ronald Reagan flew in here today at the start of a seven-nation tour of Europe as the personal representative of President Nixon. Reagan leaves Denmark July 6 for Belgium. The other countries on hri tour are France; Spain, Italy, Britain and Inland.

world chess championship In Iceland, said today American challenger Bobby Fischer merits disqualification because of his demands for more money. In a statement distributed by the official news agency Tass, the Soviet federation also assailed the International Chess Federation (FIIJE) and its president. Max Euwe. eration to double the match prize money. Slater said, "I l'ke chess and have played it years.

In the hope that this match growing financial empire, has turned to chess as a relaxation. Today be offered through the International Chess Fed.