The Miami News from Miami, Florida • 51

LATE FINANCE Burger extends stay in ruling on Demo slates See story, Col. 7. Miami, Thursday Afternoon, July 6, 1972 PRICE 10c DOW JONES CLOSING AVERAGES NYSE CLOSING INDEX Dow Jones up 8.66 points 34 cents 60.33 0.48 66.41 0.57 50.04 0.13 36.36 0.21 76.81 0.37 Market Index Industrial Transportation Utility Finance 30 Indus. 20 Trans. 15 Utils.

65 Stks 942.13 8.66 or 0.92 per cent 236.22 0.16 or 0.06 per cent 108.43 0.77 or 0.71 per cent 312.89 1.89 or 0.60 per cent Soviet Union were telling North Vietnam to reach a peace settlement soon. Over 7 million shares were traded in the first 60 minutes. The closing average of 942 was up 8.66 points. The Associated Presl NEW YORK Stock market prices finished strong day after backing off from a sharp peak established In the first hour of trading on a London report that China and the it Stag Florida tract will be sold Combined Miami Ntwt tirvlctt ORLANDO Major Realty Corp. a land development company based in Orlando, announced today that it has completed negotiations for the purchase of a tract of land in Central Florida.

The property, located in the southeast corner of Lake County, is approximately 25 miles north of Orlando. Purchase price of the tract was $5.8 million, according to R. F. Raidle, chairman of Major Realty. Referred to as the "Three River Tract," the property, originally part of the Moses E.

Levy and Peter Miranda grants, is being acquired from the Florida National Bank at Orlando, as trustee for the owners. I ill ovir "oi nn WW rail MUU BUSINESS BRIEFS Earlier Story on page 1A Combined Miami Newt Services NEW YORK Stock market prices soared today on a news report from London that the Chinese and the Soviet Union had pressured the North Vietnamese government to reach a peace settlement soon. The market gave up some of its early sharp gains, however, when Western diplomats in London discounted the report. The Dow Jones average of 30 industrial stocks closed up 8.66 points. Earlier, the blue chip indicator had been up nearly 14 points Advancing issues led declines by about 5-1 on the New York Stock Exchange.

U.S. diplomatic sources in Paris described as "stratos pheric speculation" the report from London that Moscow and Peking had been exerting heavy pressure on Hanoi. The spokesman for the U.S. delegation to the Paris peace talks said he had no comment to make on the report. Similar reports have appeared in the past.

Each time the North Vietnamese and Viet Cong delegations to the talks storngly refuted them. A North Vietnamese officials here said: "we have repeatedly stated that the solution to the Vietnam problem is to be found neither jn Moscow or in Peking, but right here in Paris at the conference table." North Vietnamese and Viet Cong officials declined to make any other comment. ft 1 Judges here get briefing By MORTON LUCOFF Miami Niwi Riperttr The judges of Dade County were told today what their roles will be in the event of an emergency end mass arrests during the Democratic and Republican Party conventions this summer. Circuit Court Judge Thomas E. Lee chairman of a committee that did the judicial planning, said the jurists are being divided into five groups of 10 each and another of eight.

Only in case of emergency and mass arrests, Lee said, will any one or more groups be summoned. Lee said that if necessary the courts will operate for 24-hours-a-day for as long as any emergency lasts. In advance of the Democratic convention, which begins Monday, an emergency i A JttA. Associated Press Virepho! CRITICALLY WOUNDED Dimitr Alexiev is wheeled into Peninsula Hospital near San Francisco shortly before he died. Alexiev, shot by FBI agents in a battle aboard a Pacific Southwest Airliner jetliner yesterday at San Francisco International Airport, was identified as one of two would-be hijackers.

FBI defends hijack slayings in Frisco; tough policy hinted Burger extends stay in ruling on Demo slates the Supreme Court level on' whether to accept the dual appeals of the Circuit Court decision. battle thwarting an attempted Boeing-737 hijack yesterday, spurring speculation that the Federal agency has (Earlier story on Page 3A.) Rsuter Newt Service SAN FRANCISCO The FBI today defended its gun Gravel to seek VP nod Wometco has record quarter Wometco Enterprises Inc. today announced record per-share earnings, net income and sales in the second fiscal quarter of 1972 (or 12 weeks ended June 1). Per-share earnings in the latest quarter rose 22.9 per cent to 27.4 cents compared with 22.3 cents last year. Net income in the latest 12-week period gained 22.4 per cent to $1,635,264 from $1,335,512 in the prior year, while sales moved up 10 per cent to $26,121,094 from $23,753,475.

State earns $13.6 million interest TALLAHASSEE Florida's day-to-day operating funds earned an "all time high" of $13.6 million in bank interest in the recently ended 1971-72 fiscal year, state Treasurer Tom O'Malley said today. O'Malley said the earnings were $2.6 million more than the previous year. More than 90 per cent of the state's operating money is at work earning interest, at a 23 per cent increase over the level two years ago, said O'Malley. Florida's new fiscal year began last Saturday. Getty appears in TV commercial NEW YORK J.

Paul Getty, one of the world's richest men, has made a rare endorsement, a 30-second television commercial for the E. F. Hutton Co. investment company. "The brokerage house of E.F.

Hutton Co. is a firm with which I have had close and pleasant relationships for four decades. They have been helpful and their service has been good," the multimillionaire says in the commercial filmed at his home in England. The words in the commercial, to be shown on U.S. television for the first time Saturday during the Wimbledon tennis tournament, first appeared in Getty's autobiography, "My Life and My Fortunes." Hertz to pay airline commissions NEW YORK Hertz Rent A Car said today it would pay commissions to airlines which book Hertz car rental reservations.

Hertz said the new policy, which it described as the first In the industry, would go into effect Aug. 1 with airlines receiving the same commissions now paid to travel agencies handling such reservations. Canadian firm cuts copper price TORONTO Hudson Bay Mining and Smelting Co. Ltd. today became the third major Canadian copper producer to reduce its domestic price for copper.

The company's new price, effective immediately, is 49.75 cents a pound, down from 51.5 cents. Prices are in Canadian funds. Yesterday, International Nickel Co. of Canada Ltd. reduced its price to 50.5 cents a pound in U.S.

funds down from 52.15 U.S. cents. Noranda Mines Ltd. also reduced its domestic price to 49.75 cents a pound in Canadian funds from 51.5 cents. I IT firm in Hague threatened THE HAGUE A spokesman for Netherlands Standard Electric, an ITT subsidiary, acknowledged that extra security measures were being taken following reports that members of the Palestine organization, Black September, were threatening bomb attacks on the company because of reported sympathy for Israel.

The Hague police said they were aware of this but were understaffed. Other international American companies, such as Honeywell and Bank of America offices here and in Belgium, reportedly also had been threatened and were taking security precautions. Funds sought for tunnel study LONDON Channel Tunnel Investments Ltd. will need to raise more money to finance further investigations into the feasibility of building a tunnel between Britain and France, Leo d'Erlanger, chairman, said today at the annual meeting. He said completion of the investigation into building the tunnel will cost about $1.2 billion, which includes the cost of last year's studies.

Monsanto agreement signed EL DORADO, Ark. The Oil Shale Corp. of New York TOSCO has signed an agreement with Monsanto Co. of St. Louis for purchase of Monsanto's petroleum refining and marketing business which operates under the Lion Oil name.

The aggregate cash purchase price of the lion Oil assets and related inventories was more than $24 million, Lion officials here said. Bonn, Soviets sign barter deal DUESSELDORF. West Germany West Germany and the Suviet Union signed a huge barter deal today under which ttm Russians will deliver natural gas in return for German Minnesota fires Rigney, Quilici named manager The Associated Press MINNEAPOLIS-St. Paul The Minnesota Twins fired Bill Rigney as manager today and named coach Frank Quilici as his replacement. Rigney was named manager of the Twins in 1970, replacing Billy Martin who had coached the team to a divisional championship in 1969.

Quilici, 33, retired as an active player in 1970, joining the Twins as coach in 1971. Rigney, 54, managed the New York Giants and San Francisco Giants, and the California Angels before moving to Minnesota in 1970. AH to fight Patterson The Associated Press WASHINGTON Chief Justice Warren Burger today extended until further notice a stay issued by the U.S. Circuit Court of Appeals which suspended the effect of its orders returning 151 California delegates to Sen. George McGovern.

Burger's action followed pleas to the Supreme Court by the Democratic Party and by forces of Chicago Mayor Richard Daley for a special term of the court to consider an appeal of the Circuit Court's decision, which also unseated Daley and 58 other Illinois delegates. Burger's order reads that the stay "is hereby extended until further order of the court." The Circuit Court stay was due to expire at 2 p.m. today. The action by Burger freezes the issue as it stands until a decision is made at Break-in suspect bound over The Associated Press WASHINGTON James McCord one of five charged in the Democratic headquarters break-in case, was bound over for grand jury action today after a police sergeant described how the men were arrested June 17. The other four men had previously waived preliminary hearings in the District of Columbia Superior Court.

But the wife and married daughter of one of the other four, Bernard Barker of Miami, verbally attacked government prosecutor Earl Silbert after today's hearing. "You're not giving him a chance to defend himself." they said loudly in a courtroom corridor. information center will open Sunday at 8 a.m. in the Metro Justice Building under the supervision of Circuit Court Judge Rhea Pincus Grossman. This center will have about 20 people in it who will give out all information on arrests, charges, bail and disposition.

There will be one telephone number to call for information on adults arrested, 358-7171, and another for minors, 358-7177. Today's meeting was held in the county courthouse. In addition to judges, attending were officials from the state attorney's office, police agen-cies, the public defender's office and the Metro Court clerk's office. Lee said that either he, Chief Circuit Court Judge Marshall Wiseheart, Mrs. Grossman or Circuit Court Judge Arthur Huttoe would be empowered to declare an emergency and summon the judicial personnel needed.

"Once the call is given," Lee said, "we would expect all the personnel needed, judges, prosecuting and defense attorneys, clerks and court reporters, could assemble in about two hours. But he echoed the words of Miami Beach Police Chief Rocky Pomerance, who told the jurists, "I'm looking forward to a short, cool summer." The judges were told that probably most arrests would be for minor offenses like crossing police lines or violating any curfew that might be established. They were advised by Lee to set low bail in these cases up to $50 and to release either on recognizance or for the small amount of cash an arrested person might have In his pocket now embarked on a new get-tough policy toward skyjack-ings. Three persons were killed in the battle at San Francisco's International Airport to retake the Pacific Southwest Airways plane with 86 passengers aboard. Two of the dead were hijackers, the third was a passenger.

In addition, two other passengers were wounded. Robert Gebhardt, FBI agent in charge of the operation, described the operation in which an agent boarded the plane, pretending to be a negotiator, as a "calculated risk." To many, the FBI's "game plan" appeared to be a new get-tough policy toward hijackings. One airline security officer, who has worked on a number of hijackings, said, "I think the FBI wanted to do something with these two yesterday because I think they had to get tougher to stop these things from happening," The FBI's stated policy is to do everything possible to thwart a hijacking, while taking the safety of the passengers into consideration. Voluntary gun registrations suspended Voluntary registration of firearms with the Dade Department of Public Safety will be suspended during the national political conventions periods. DPS said today that personnel requirements will force the suspension from Saturday through July 11 and from Aug.

19 through Aug. 27. A spokesman said the compulsory registering and licensing of guns purchased during those periods will not be aff ectel Router News Service WASHINGTON Sen. Mike Gravel of Alaska, one of the severest critics of President Nixon's Indochina policy, today announced his candidacy for the Democratic party's Vice -Presidential nomination. The 42-year-old senator told a press conference he decided to seek the number two spot because he was convinced the contest for the vice-presidential nomination will be an open race.

He said many party delegates, whom he had met during a two-month tour of 26 states, had expressed desire to make their own decisions about the vice presidential nominee rather than "rubber stamp" the presidential nominee's choice. Until this year no one has actively campaigned for the vice-presidency. But, the tradition was broken by former Governor of Massachusetts, Endicott Peabody, who has been actively campaigning among delegates. Plummer ill, in hospital Miami Commissioner J. L.

Plummer was in Doctor's Hospital in Coral Gables today for an undisclosed ailment. Fellow commissioners said Plummer told them he wasn't feeling well last night and he went to the hospital for a checkup. The Associated Press NEW YORK Muhammad All will meet Floyd Patterson in a scheduled 12-round but between former heavyweight champions at Madison Square Garden Aug. 28, it was announced today. All will receive $250,000 or 35 per cent of the receipts.

Including television. Patterson, who held the title twice, will get $125,000 against 25 per cent Ali defeated Patterson at Las Vegas, Nov. 22, 1965, when Patterson quit in the 12th round. i Yank makes Wimbledon final LONDON U.S. Army Cpl.

Stan Smith and Hie Nastase, a lieutenant in the Romanian army, today won through to the men's singles final at Wimbledon. The big blond American from South Carolina carried too much power on serve and volley for little Jan Kodes of Czechoslovakia, winning by 3-6, 6-4, 6-1, 7-5. (Earlier story on Page 1C.) Chess match starts Sunday (Earlier story on Page 2A) REYKJAVIK, Iceland The chess match of the century between Boris Spassky and Bobby Fischer is on at last, with the drawing of lots tonight and play expected to start on Sunday. Tournament officials said the Soviet champion and his American challenger wore expected to appear in person at the exhibition hall here tonight to draw lots to decide which shall play white in the opening game. Officials said that after Fischer had apologized to Spassky by letter this morning for missing last Saturday's opening ceremony, all problems holding up the much-delayed match had been satisfactorily resolved.

havy-gauge steel pipes. Soviet Foreign Trade Minister Nikolai Patolichev and Germany's Economics and Finance Minister Karl Schiller watched when the $440 million deal was signed by a Soviet consortium and a German company.