Fairbanks Daily News-Miner from Fairbanks, Alaska • Page 5

Wall Street Daily News-Miner, Fairbanks, Alaska, Thursday, Oct. Market shows little change Nuclear power on ballots f-J RuRTANRKNJAlHN Derail a nuclear power nlant or related All six ballot Initiatives would rcuuirc Peter Lauritzen of Seittlli YORK (AP)-The stock market showed Irttto change today, hesitating after the gains ol the past two sessions. The Dow Jones average of 30 Industrial stocks, up 18.12 Tuesday and Wednesday, was ahead a minJmal.08at956.aoat2 today Trading volume remained fairly quiet, totaling 11.88 million shares on the Big Board by mid- afternoon. The Dow was up 3 at the outset, and down 4 late in the morning before turning upward again. Brokers said its erratic course reflected uncertainty among traders over whether the rally of the past two days, which came on light activity, could maintain Its momentum.

Hughes Tool fell to in active trading. On Wednesday the company reported sharply lower quarterly earnings. Also depressed by news of earnings declines were American Stores, down VA at 27, and Gino's, off The NYSE's composite index picked up .09 to 54.41, and the American Stock Exchange market value index rose .05 to 98.55. Avnetlnc AvonPd BabckWU BallGE BankAm BiuschL BeatFds Beckmn BeechA Beker BellHow Bendix BenflCp BengtB BetbStl BlockHR Boeing BoiseCas Borden BorWar BrlslMy BrilPet Brunswk BucyEr BuddCo Bidova Bunk Burllnd BurlNo Burrghs BaltesG CBS CITFin CPCInl Cal CmpRl CamSp CaroPw CarrCp CartWaU CalrpTr Celanse CenSoW Cert-teed CessnAir Chatnplnl ChaseM Cnessie ChiPneuT Chris Craft Chrysler Citicorp CittesSv ClartE CloroxCo CocaCol ColgPal ColGas ComcEng ComwE Comsat ConEd ConFds ConNGs CoiuuPow ContAlr ConUCp CntlGrp Cent Oil 1.20 ContTel 106 Control Dal Cooperln CornG Cowtes CoBdct Craig CrouHl Crown CrwZd CurtlsWr Dartlnd Dayco DaytPL Deere DelMon DeitaAIr Dennys DelEdis DiamSh DlllonCo Disney DrPeppr Dow 201 .21 1 2 1.45 07c I 1.40 1.60 .50 1.20 Ramo l.soe on 1.66 220 2.30 Flnanl I.M 1.72 nob 1.50 2.80 1.20 .65 Ib 1 2.20 2.32 2.BO l.fifl l.iS .52 2.65 88 2.14 2 2.40 1 1.60 1.35 2.24 2 Lin 2.80 .84 .56 an 1C 396 7 S3 9 239 11 B63 301S 44'. 30'4-r 2Wi 25 'i 9 92 13 295 2414 26 14 2311, 23H-1 14 64 59 914 9 76 1614 181i 9 90 W4 5 337 23V 2314 49 9 8 11 32 11 486 4114 11 595 29 9 124 7 355 2714 209 681.

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Phone 452-4493. LISTED CLOSING AkAlr 514 AkGold 3 AmFac 14 ARA Banister 814 CNBSPete EarthRes 16 Fluor 3S14 a GPT Michael Baker 4Vj Morrison Knudson Rowan Royallnd 914 Pelrolane 2114 Aklnsl Ah Robbl ns PeytoOII 4.15 Louis land-E xp The following over-the-counter prices furnished by NASD are representative quotations only. Prices are not necessarily firm markets and do not Include retail markup, markdown or commission, nor do they represent actual transaction. All transactions are subject to continuation by a broker-dealer. OTC BID ASK Aklntlndus AkStBk 37 Columbia PaBank 10 EqlbSI 1114 12 FredMeyer 1714 LyndenTrans B.14 714 MetPath 13 1314 Nordstrom 17V, Pay-n-Save Wien 414 Tosco 414 Conlns 12 UW By THE ASSOCIATED PRESS Selected world gold prices Thursday; London: Morning fixing 1123.50.

up 15.65; afternoon fixing JI22.7S. up 14.90. Parts: Afternoon market quotation S125.09, up Franklurt: Fixing 1123,65, up $5.38. Zurich unavailable. Handy AHsrman base price, New York: $123.10, 14.90.

Engelhard selling prices, New York: 1123.25. up Miriam Makeba opposes Transkei UNITED NATIONS, N.Y. (AP) Black singer Miriam Makeba told the U.N. General Assembly that she opposes recognition of Transkei, the state proclaimed two days ago in her native section of South Africa. She said recognition of Transkei as a nation would be "a deliberate act o( hostility toward Africa" because its "pseudo-independence" was part of a "grand design" to perpetuate white domination in South Africa.

Makeba spoke Wednesday from a platform where she once sang African songs in concert. Now married to American black activist Stokeley Carmlchael, she took part in the debate on South African apartheid ax a delegate from Guinea. By STAN BENJAMIN Associated Press Writer WASHINGTON (APl-Altbough overshadowed by presidential and coogrecsiatul elections, the Nov. 2 balloting will also 4fctermlne the future of nuclear power In six states. The nuclear power Industry beat back an anti-nuclear initiative In a California referendum last June, only to see six more spring up on the ballots of Arizona, Colorado, Washington, Oregon, Montana and Ohio.

The passage of any one of them on Nov. 2 wotild be a grave setback to the nuclear industry. All six ballot proposals are essentially similar, requiring guarantees of safety and lull accident-compensation, affirmed by both houses ol a state's legislature, before that state can SENATE (Continued from page A-3) team that puts together the leadership." As for fiscal responsibility. Hackney said, "1 can say 'no' very nicely, I have said no many times'' to spending. Hackney has Introduced bills In the past for mandatory sentences on specific crimes.

"We have got to get tough on major crimes, the ones that hurt people such as robbery with a deadly weapon, violent rape, premeditated murder," he said. Some people who commit these crimes never spend time in Jail, he added. Hackney has also said the auto insurance rates are much too high and one reason Is "a failure to take the drunk drivers off the road." People should lose their cars after the second time they are found guilty of drunk driving, he has suggested. JULES WRIGHT, Independent. EXPERIENCE: Owner of Tundra Contractors, Chairman of DNH Development Corp.

Alaska State House 1967-68; member of Rural Affairs Commission and Legislative Council; Alaska Federation of Natives; Fairbanks Native Association; Tanana Chiefs Conference. FINANCIAL BACKING: Substantial contributions from Lawrence Wright, contractor; Tundra Contractors. CAMPAIGN ISSUES: Wright has said the political parties are too powerful and representatives of the people are 'It appears there no longer is any difference in the basic philosophies of the Democrats or Republicans, even lo the point of criticizing each other," he said. He is a strong advocate of development of natural resources "to the fullest with the best possible environmental protection." He Is opposed to "so much government control," believing that government should be kept to an absolute minimum. Wright is against Limited Entry, for example, partly because It restricts the market and that, he says, is not free enterprise.

He is also opposed to the Permanent Fund, saying "they will just deposit the money with the various banking Institutions and borrow the money." permit a nuclear power plant or related facility. Environment groups and other supporters say such guarantees are justified by the alleged hazards of nuclear power. The nuclear and electric utility industries say the proposed guarantees are so tough they would actually ban further nuclear power in any state adopting them, leading to electricity shortages. Opponents of the initiatives are pouring millions of dollars into campaigns against the proposals, outspending the antinuclear forces many times over. In Ohio alone, utility-backed foes of the anti-nuclear initiative have a $1 million budget, 23 times the budget of Its supporters, a coalition of seven consumer groups.

The pattern appears similar in the other states, but the ballot proposals seem to stand a better chance of passage, here 'and there, than the dollar-power alone might indicate. In Washington, public opinion polls have indicated a strong chance of passing the anti-nuclear measure; observers in Oregon believe the measure has an even chance or better, while polls indicate a close vote. In Montana, without benefit of opinion polls, both sides were predicting a close contest. In Colorado, a poll published earlier this month by the Denver Post showed that 55 per cent of those polled appeared to favor the anti-nuclear measure, 25 per cent were against and 20 per cent were undecided. In Ohio, both sides claimed favorable polls but the measure is opposed by a broad range of interest groups.

An independent poll in Arizona recently pointed to failure of the initiative in November. All six ballot Initiatives would require that nuclear facilities be proven safe by prior equipment Jesting before they may be built or operated wilhin I he state. All six would also require proof that nuclear materials will be safely stored and handled, before facilities can lc authorized. All six would require that Ihe nuclear power industry assume responsibility for "full compensation" of all damages resulting from a nuclear accident. Five of them include a ban on nuclear facilities until and unless Congress repeals the so-called Price-Anderson Act, which provides liability insurance for commercial nuclear power plants, but only up to a limit of some S5WI million; these states would insist on unlimited liability.

Only Ohio's nuclear initiative omits a specific requirement for removal of federal liability limitation of nuclear facilities by municipal corporations. In all six initiatives authorization of nuclear facilities would require explicit approval of bolh houses of the legislature and in Montana a legislative joint session would be called for, also apparently meaning majority votes. In Colorado, Washington and Oregon, legislative approval would require a two-thirds vote of each house--a stiff requirement that particularly outrages foes of the ballot initiatives. Nuclear facilities would also require approval of the governor in Arizona's version of the initiative. A cochairman of the campaign against that slate's nuclear initiative says that "the sponsors aren't interested in regulated nuclear safety.

They want to ban the construction of any more nuclear power plants, and they intend to achieve that goal with bureaucratic suffocation, political leverage and public fear." Peter Lauritzen of the pro-initiative campaign, argues dial il will mean "we have a voice in energy decislbns. "Yhese decisions should not be left solely to a small nunilrer of utility executives." The six initiatives differ mainly in defining the cut-oil dates beyond which new facilities or applications would a requirements. Tlial was one lesson apparently learned from the defeat of the California nuclear initiative, which could a a i tough new regulations to power plants already in operation, raising the fear of actual plant shutdowns and power shul-offs. An anti-initiative advertisement in Washington State shows a light bulb slowly fading, but in fact Ihe six November ballot proposals would probably affect no existing power plants. Passage of any one of these initiatives would not affect the legal status of nuclear plants in other slates, but would certainly inject one more element of uncertainly into the already nervous iuniislry, encouraging the iinti-.

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