The Des Moines Register from Des Moines, Iowa • 11

Dec. 28, 1974 OES MOINES REGISTER LIVESTOCK MARKETS CORN, BEANS END HIGHER HOG PRICES FALL25-50C HOG RECEIPTS Boston School Committee In Contempt for Refusal Cook's 1st Half NetDown Sharply From Year Ago Friday (Estima Interior lowa 50. Minn. 45.000 1J PuOlie Markets (Salable) ....31.330 Thursday's, receipts, M.0O0. Saturday (Estimate) Interior lowa-So.

Minn ....20.000 1 PuDHc Markets (Salable) SHEEP Fnaey icinm 7( Interior lowe So. Minn 100 Leased Wire to The Register Cook Industries, Memphis, which is building an Iowa facility at Hartley, reported net income for the first half ended Nov. 30. was erating facilities required during the 1980s. The utilities requested permission from the New York State Public Service Commission to purchase an initial $2 12 Public Markets (Salable) 3.500 1700 1.500 12.tOO 22,300 UilOO "Thursday receipts, 1.400.

Saturday This Wk. Corr. Period (Estimaie) Wk. Aqo Yr. Aoo to Date Last Wk.

Last Yr. nterlor lowe So Minn 1,200 1.200 500 5.900 4 MO Mr 1 Public Markets (Salable) 12.100 22,300 17,100 HOG QUOTATIONS CHICAGO, FRIDAY (API Livestock receipt! at principal markets: Lame Hews Sheeo Peoria 5.0O0 1 400 Kansas iffi City 300 5.000 ISO 4 500 ast St. Louis 5i5 st. joseon Sioun C'ty South St. Paul Indi ana oolli Cincinnati 3.000 4.500 200 7.500 1,500 SO 200 By Daryl Vanderflugt (Federal-State Market News Service) Prices were 25 to 50 cents lower on the interior Iowa and southern Minnesota hoe mar kets Friday.

Movement was slow and demand was fair. The mixed grade 200 to 230 pound butchers, with a few to 0 Int le. to. Minn. BARROWS, GILTS U.S.

No. 11 200.220 lbs. 220-240 lbs Na. 1 139 50 41 39 50 41.50 200-220 IDS 39 50 IDS 39 25 240-270 lbs. 31 25 Ne.

34 J40 770 lbs. 38 00 36.25-40.00 40 50 20-300 IDS Ma 1.1 180-200 5oj240 pounds, sold at the country points for $39.50 to $40, with a 200-220 lbs 39 50 220-240 lbs 39.25-41.00 l' S. NO. J-4 240-270 lbs. 38 Sows-U S.

No. It 2'0310 lbs 33.O0 330-400 lbs 32 25 41 00 34.SO 3 4 00 4UO-550 IDS. 3100 'Receipts Ot hOOS cover direct hv narklna nlnt wiithin th int. I ana airen purcnai.es ror oui-oT-staie sntpmenis ov' Friday Prices CHICAGO (API Futurei trading on the Chicaao Board of Trade Friday: Open Hith Lew Clese Close (, Ml) Mar 4.50 4.57' 4.41' 4.Stj 4.51 May 4.47 4.55 4.45' 4.54 4.45 Jul 4 14 4 4.14 471 4 14 Sep 4.71 4.7 4.71 4.7 4.70 Dec 4 71 4.37 4.2 4.37 4.21 CORN (5,000 Ml) Mar 3.34 3 40 34 3 40 3.34' May 3 34 3.41' 3 34' 3 41' 3 35 Jul 3.2V 3 37' 3 3 37 3 30' Sep 3 0s'4 3.15' 3 00'A 3.14 3 00 i Dec 717 IN J.82 1M 12 Mar 1.93 J.92' J.I7 I OATS (5.0O (HI) Mar 1.59 1.63' 1.57' 1.62' 1.51". May 1.61 1.45 Jul 1.55 1.60 Sep 1.45 1.51 Dec 150 157 1.59' 1.64' 1.60'J 1 54 1.57 1.55' 1.44' 1.50 1.47 1.3V 1.3 I.

SOYBEANS (5.000 Ml) jan a B3 Va 6 Mar 7.10 7.22 7.00 Ml 7.14'4 May 7.18 7.33 7.12 7.28 7 56 Jul 7.30 7.41 7 19 7.34 7.32' AU 7.25 7.34 7.11 7.25 7.28 Sep 6.95 7.02 6 92 6.95 6.95 Nov 6 71 6 6 70 6 71 6 74 Jan 6.82 6 92 6.80 6 85 6.79 SOYBEAN OIL (40,000 lbs) Jen 37.25 37 65 36 85 Mar 36 00 36 45 35.68 May 34.30 34.95 34.20 Jul 33.30 33.90 33 18 Aug 32.30 32.15 31.90 Sep 31 20 31.65 30 90 Oct 29 50 30.10 29.50 Dec 28.25 28 35 27.75 3685 35 68 34.20 33.11 32 00 31.10 29 80 27.75 36.68 35.20 34.18 32.90 3187 30.47 28 65 SOYBEAN MEAL (100 tons) Jan 133.00 137.80 133.00 137 00 133.00 Mar 141 50 14A.50 141.50 145 00 141.00 May 148 00 153 50 148.00 157 00 147 50 Jul 153 00 160.00 153.00 157.50 153.50 Aug 156.00 161.00 155.50 161.00 153 00 Sep 156.00 162.00 156 00 162 .00 154. 50 Oct 1S5.50 160.00 155.50 158.00 153.50 Dec 155.00 157.00 155.00 1 56.50 154.10 Jan 157.00 157.00 156.00 1 56.00 155.19 ICED BROILERS (28,000 lbs) Jan 41.50 41.70 41 85 41.90 40.80 40 85 41.30 41.35 41.60 Mar 41.50 41.60 41.00 41.30 41.00 41.40 42.40 42.40 41 SO 41.75 May Jun Jul 42.50 42.50 42.25 Aug Sep SILVER (5,000 troy 01) jan 480.00 484.00 475.00 477.00 485.00 Feb wo w.w mi.uw nj.w wv.tiu Apr 495.00 498.90 490.50 491.00 498.50i 503.00 507.00 498.50 501.00 507.00 512.00 512 00 505.00 506.50 514 00! 520.50 521.00 513 50 513.50 521.00 i Jun Aug Oct Dec Feb 524.00 525 00 520.00 570 00 528.00 530.50 533.00 528.00 528.00 535.00 PLYWOOD (69,120 sq ft) Jan 111.80 112.40 110.50 110.50 112.50 Mar May Jul Sep Nov Bid; luoft lit in in ca 111 in nc ftn 114.80 115.30 113.50 113.50 115.00 1 117.50 117 80 115 90 115.90 117.30 119.80 119.90 118 00 118 00 120 00 1 122.00 120.00 120.00 120.50 121.00 122.00 Asked; n-Nomlnal. I I iYin 1 'iiil 4' I 1 on -ep and lambs In the southern Minnesota markets are b- -d area ano soio ai i piani in lowa rno buyers. WEEKLY LIVESTOCK MARKETS Omaha Weekly OMAHA, SATURDAY, (USDA1 HOGS tor the week: Barrows and dosed unevenly steady; sows 150 higher. Fridays prices: US 1-3 200-250 lbs $41 00-41 50 CATTLE for the week: compared with 11 tempt, Garrity said, "Does this damage the plaintiff? I can't conceive of anything that is of greater damage." ERNEST GEARHART Services for Ernest H.

Gear-hart, 86, of Ankcny, who died Thursday at Veterans Hospital, will be at 11 a.m. Saturday at the Powell Funeral Home In Wellman. Burial will be at Wellman Cemetery. Born in Maquoketa, Mr. Gearhart lived in Keota and the Fairfield areas for 38 years, moving to Ankeny in 1971.

He was a veteran of World War I and a member of the American Legion. Survivors include a daughter, Mrs. Mervin (Leah) Danielson of Ankeny; one sister, Mrs. Ruth Waggner of Clarkston, Mich; two brothers, Clyde of Anaheim, and Elmer of Minneapolis, two granddaughters and one great-grandchild. SARAH ESPEDOKKEN The Register's lowa News Servlct LAKE MILLS, IA.

Services for Mrs. Sarah Espedokken, 81, of Lake Mills, who died at a nursing home here Thursday, will be at 2 p.m. Monday at the Salem Lutheran Church here. Survivors include four sisters and three brothers. HAROLD F.

DRAKE Tha Reg Isttr'i lewi News Strvlca S1IERRILL, IA. Services for Harold F. Drake, who had retired from the U.S. Army after 27 years, will be at 11 a.m. Monday at the Haudenshield-De Wachter Funeral Home in Dubuque.

He died Wednesday at a Dubuque hospital. Survivors include his wife, a daughter and a sister. CLIFFORD HILLYER The Register's lawa New! Service, KNOXVILLE, IA. -Services for Clifford Hillyer, 57, who died Thursday at a local hospital, will be at 1 p.m. today at the United Methodist Church here, Survivors include his wife, a brother and two sisters.

MRS. KATE CRAWFORD The Register's Iowa News Service KNOXVILLE, IA. Services for Mrs. Kate Crawford, 105, of BOSTON, MASS. (AP) A U.S.

District Court judge found three members of the Boston School Committee in contempt 1 nf fVllirt IVrirtai, fnr rnfltcinrT trt endorse a new integration plan. Judge W. Arthur Garrity, said integration would never be successful in Boston without the co-operation of the School Committee. Those held In contempt were Chairman John Kerrigan, Paul Ellison and John McDonough. "If such a course of conduct should become habitual and ignored by the court, the court believes there will never ever be a desegregation plan formulated for the City of Boston," Garrity said.

The judge had ordered the committee to approve and sub mit an integration plan for next fall. But, on Dec. 16, the com mittee voted 3-2 against it. The proposal was written by School Department officials. James Sullivan, the School Committee's lawyer, argued that there were no damages caused by the School Committee vote since the plan was delivered to the judge anyway.

However, Garrity said, "the principal damage is the effect on the prospects of desegregation by the plaintiffs' disobedience of the court order." Under questioning by the judge, Kerrigan said he did not vote for the plan because "I don't want any forced busing plan to be called the School Committee Plan." He added, "I'm against the forced busing of school children. It is unfortunate that be-cause of housing patterns, forced busing is the only way you're going to get desegregation." The busing of 18,000 students has resulted in demon-s a 1 1 the stoning of school buses and violence in some of the schools. At one point, National Guard troops were placed on alert. Earlier, in rejecting the school Committee's motion for dismissal of possible civil contempt citations against the three, Garrity said, "so long as the School Committee will not come up with a plan that will desegregate and which it will implement, the School Committee simply has not fulfilled its constitutional duty." The Boston branch of the NAACP sought civil and criminal contempt citations against the three, who constitute a ma- eriie iiumoer 10s yin gr j-4 je.37 s0. choice B50-1 OSO lbs vld ar 3-4 jjjoo 37 25 SHEEP For the week: wooled Iter lambs steady; too few shorn slaughter TREND OF STAPLE PRICES MEUU vriDV IAD1 Th A press weightc-o wholesale price index of Previous Day 355 40 Week aoo 355 35 Month Aoo 372.66.

Year Aoo 349 58 if 74 1973 ,971 lHiqh 388.28 351 71 232.78 195.13 Low! 331.97 231.53 194 22 184.58 (sin average eguais 1001 few to $40.50. The same grade and weight at the packing plants brought $39.75 to $40.50, with a few to $41.50. On Thursday, shorn slaughter lambs sold steady to $1 higher and wooled lambs were $1 higher. Choice and prime shorn lambs ranged $38 to $41 and choice and prime wooled offerings brought $37 to $39. Trading on Friday's Iowa cattle market was rather slow.

Demand was fair to fairly good. LIVESTOCK SLAUGHTER WASHINGTON. FRIDAY (USDA)-Es- tlmated daily livestock slaughter under federal Inspection: Hogs Cattle 130.000 132,000 120,000 489,000 652,000 412,000 Sheep 27,000 22.000 30.000 104,000 128,000 Friday 278.000 798.000 304.000 90.000 1.481.000 Week ago Year ago Week to Date Corr. Period Last week Last vear 117,000 Slaughter steers were weak to 50 cents lower and heifers were mostly steady. Choice slaughter steers sold for $37.25 to $37.75, with a few to $38.

Choice heifers brought $36 to $36.25, with a few loads up lo $37.25. Prices and receipts are listed in tables in this section. Buy Muffler for Police Copter Des Moines has purchased the helicopter muffler it has been using on a trial basis for the past month. The muffler, which cost $1,700, is intended to cut down the number of complaints from residents about the helicopter's noise. Several weeks ago, City Manager Richard Wilkey notified City Council members that the muffler would be purchased if there were no objections by the end of the 30-day trial period.

Assistant City Manager Ger ald Pecinovsky said Friday there had been no objections. Thii W. Am Yr. Aso. to Date Last wi.

Last 47000 51 000 111 rwvi J'TOOO 307 .400 J73 000 1J0.8OO 31.400 30,400 UJ.aM This Wit. Corr. Period WV A 00 Yr. Aoo to Date Last Wit 1 vr 30.000 34.000 nirx we mm mo mi 12j.eOO 207AM 150 900 RECEIPTS This Wit. Cot.

Period K. "BO yr. ffBQ. usrt List wk. itsi Tr.

500 1.100 5 nrm jw 4 ojyi Terminal Markets tiou City Omana E. St. Louis 50 Not available 141.50 75 842.50 41 42.5W2.7s, 41.00 40 40 39.25-41.50 39 00-41 00 31 25 39.50 41.00 42 00-42 50 40.50-42.00 40.75 38 00 39 50 37 00 42 75 42 00-42 56 41.00-41.50 41.00-41.50 39.25-41.23 U50-34'75 36 00 35.00-36.001 35 00-37 00 33.00 35 00 35.25 accompanying report on Interior Iowa andi on the sale ot anlmels originating in the one in souinern Minnesota and some order Iowa Auction Weekly DES MOINES. SATURDAY. (FEDERAL-STATE) Auction at Stuart, Russell.

Story City, Carroll, Creston, Gowrie and Albia; week ending Thursday. CATTLE AND CALVES 4.130; markets poorly tested; feeder steers and heifers generally steady to 50c lower; slaughter cows steady to $1.00 lower; demand fairly good. Steers: choice and prime 575-630 Ihs $30 3 5 31.00; choice 300-500 lbs ibs 700-900 lbs $27 40 31.75; 900 990 Ibs fleshy 914 1,100 lbs Heifers: choice 300-500 Ibs $19 500 700 lbs S20.30-26.50 700 870 Ibe 00. Auction at Belle Plaing and Clear Lake, week ending Thursday. SLAUGHTER CATTLE compared to last week: slaughter steers and heifers mainly steady; some 25-50c lower at Clear Lake; slaughter cows very uneven 25-50C higher at Clear Lake, while Reiie we.

ik to $1.00 lower; demand fairly good. Steers: 11 hd choice and prime 1.525 Ibs 537 85 yld gr 4 and choice Ibs $36 small showing to 1.170 lh tit 10. 17 Oil. iw 5 lot 1.400 lbs $33 10 Heifers: choice Ibs $35. yld or 4 and 5 1,000 Ibs 2 lots Ibs Auction at Knoxvllle, Stuart, Carroll.

Story City, and Gowrie, week ending Thursday. FEEDER PIGS 5,095) feeder pigs mostly $1 per hd higher, instances $5 00 higher; slaughter boars steady; slaughter sows steady lo 50c hiqher; demand good. Per head basis: US 1-3 20-30 Ibs 30-40 Ibs $19.50 29 00 200 US 1 and 2 36-49 lbs 40-50 Ibs $29 50 32.60; 50-60 lbs 150 US 1 and 2 51-58 hs $36 50 38 75 60 70 lbs $36 600 US 1 and 2 61-75 lbs 20 hd US $55 50 "4 lbS Per' hundred weight basis: 200 US 1 and 3 105-135 Ibs cwt. Slaughter boars: cwt. Slaughter sows: cwt.

Brood sows: few per hd. Auction at Gowrie. SHEEP and lambs; 185 hd; slaughter higher; slaughter ewes lower; feeder lambs lower; replacement ewes steady. wooled lambs 90-110 Ibs $36 lot high choice 105 Ibs $39.60. Wholesale Meat DES MOINES, FRIDAY (FED-STATE) Midwest carlot meat trade: Beet trade extremely slow; demand remains rather poor; limited sales choice steer beef 50c $1.00 lower; good 50c lower; choice heifer beef steady to' $1.00 lower; cow beef steady.

Fresh porkcut trade slow; demand narrow; limited trade loins steady to $1 00 lower; skinned hams uneven 17-20 Ibs 50c-5122 Jwe.r; 20 ,6 lb5 so: higher; bellies lower than Tuesday. Steer beef-choice 500-800 Ibs 800-900 Ibs $58 high" good 600 400 bs $15 00-55 50; heifer beel-choice 500-700 Ibs primal cuts-choice steer ruuhdS 70-9b Iht S71 rhniro mrm rhrk. 75-120 lbs $41.00 42.00; cow beef utilitv (brkng) northern utility (boninq) canner and cutter $37.00. Fresh pork cuts-lolns 14 lbs-dn 50; 14-17 lbs load 20 Ibs-up Boston bulls 4-8 Ibs skinned ham 17-20 lbs $69 20-26 Ibs bellies, sdls 12-14 Ibs 14-16 lbs $58.00. CHICAGO, FRIDAY (USDA) Carlot mpat trade: Beef trade very slowi demand rather poor; no sales steer beef reoorled; choice heifer beet steady to $1.00 lower; no sales good heifer beef; canner and cutter cow beet steady; arm chucks lower.

Fresh pork trade slow; loins 8-17 Ibs steady to $1.00 lower; picnics 6-8 Ibs steady to 50c higher; no sales bellies reported. Heifer beef-choice 500-700 Ibs cow beet utility (brknq) northern canner and cutter northern 50; pr mal cuts-arm chuck! 110 lbs-dn Fresh pork cuts-lotns 14 Ibs dn $76 14-17 lbs picnics 6-8 Ibs $45 00; skinned hams 14-17 Ibs 17-20 Ibs 20-26 Ibs Coffee NEW YORK (FRIDAY) (AP) Coffet futures drilled lower in the absence 01 interest: areen roffee market aniett nrlrt In cents oer lb; previous close In paren. inese; cottee Mar. 60.15 (nag. 17 May 60.68 (b0 70): July D61.40 (b61.70 Sept.

b67 80 (P63.00); Dec. b63.90 (b64.00) Salev 626. bid. Cocoa NEW YORK (FRIDAY) (AP) Cocoa futures on the New York Cocoa Exchange; orevious cloie in oarenthnses: prices In cents per Mar. 61 10 (67.55) i May bi.

UU (6.45); July 6U.4U (6U.I5). Sales: 574. Spot accra n86'i. n-nominal. Hides NEW YORK (FRIDAY) Soot native cowhides Wi.

(AP) light Tri-County News Sold to Cannon The Register's lowa News Servlct FARMINGTON, IA. Mr. and Mrs. Gilbert Hancock have announed the sale of their newspaper, The Tri-County News, to Cannon Publishing effective Jan. 1.

The Hancocks plan to continue to operate their commercial print shop in its present location. Sally Moreland will represent the Tri-County News serving as assistant to the publisher in charge of the news and advertising. ante Journalists To Nieman Panel CAMBRIDGE, MASS. (AP) Two Washington correspondents and a Los Angeles network television reporter were named Friday to Harvard University's committee to select Nieman Fellows in journalism for 1976. Appointed were: Mary McGrory, columnist for the Washington Star; Peter Lisa-gor, Washington bureau chief of the Chicago Daily News, and Robert G.

Abernethy, corre-s for the National Broadcasting Co. in Los Angeles. RESORTS BOOMING HILL CITY, MINN. (AP) The Minnesota tourist industry had a booming season last win- ter. and reports indicate it 42oo-'42 39.50 41.00 I jority of the committee.

Garrity Knoxville, who died Thursday had dismissed the motion for at a nursing home here, will be criminal contempt. at 10 a.m. today at St. Antho- In refusing to throw out the ny's Church here. She is sur-NAACP motion for civil con- vived by two nieces.

$4,589,090, or $1.06 a share, down sharply from $20,708,000, or $4.53 a share, a year ago. Total income was $220,431,000 versus $198,719,000 a year ago. This year's first half net income includes a net credit for recoverable income taxes of $1,279,000. Cook Industries said its agri-products group, including the grain, cotton and processing and refining divisions, reported pre-tax earnings of $6.6 million for the six months ended Nov. 30, compared to $35.3 million a year earlier.

The company attributed the decrease to "reduced export volume and correspondingly lower margins." It added, however, that results were better in the second quarter "due in part to some improvement in export demand." Cook's Riverside Chemical Co. subsidiary's increased earnings were attributed to improved operating margins and an Increase in sales. E. L. Bruce the building products subsidiary, reported a pre-tax loss of $2.4 million for the six months, down from pre-tax earnings of $1.2 million a year earlier.

That units' losses and those of Cook Investment Properties, a real estate development subsidiary, were attributed to declining activity in the construction industry, increased construction costs and depressed sales in the real estate industry. Cook, Treadwell Harry, an insurance underwriting and agency-brokerage subsidiary had a net loss of $1.1 million for the six months, compared to a net loss of $752,000 in the same period last year. Bluffs Grant Store to Close The W. T. Grant will close its four Omaha-area stores, including one in Council Bluffs, by Apr.

1, company officials said Friday. Nationwide, the retail firm plans to shutdown 66 stores during the next year, the company said. The four stores in the Omaha Metro-area "just show no signs of becoming profitable in the near future. They have been operating at a loss," a company official said. The Grant stores in Kearney and North Platte, will not be affected.

Grant officials could not give exact dates for their store closings, but that the stores will probably not close before March 15. Two of the four area stores are located in Omaha proper, the others are in Council Bluffs, and Bellevue, Neb. The Bluffs store opened in 1971. Grant reported net operating losses of $11.61 million for the quarter ending Oct. 31.

The loss during the same reporting period in 1973 was $3.94 million. Sees Rise In Jobless The nation's unemployment rate will rise to 7 per cent by January as gauged by Novem-, ber's continuing decline in help- wanted advertising, The Conference Board said Friday. The nonprofit, business-research group said its monthly survey of 52 major newspapers across the country showed a 9 per cent drop in the classified volume during November, the fourth consecutive monthly decline. 1 "Just as the October decline in the index foreshadowed the November rise in the nation's unemployment rate to 6.5 per cent, so the 1 November fall in the index is certain to be followed by a rise in the unemployment rate to 7 per cent by January," said the Board's Stanley Reber, director of busi-ness analysis. Fluctuations in help-wanted advertising are examined to discover changes in demand for labor, as well as in general business conditions.

The group said its index, with 100 equalling the 1967 average, fell to 86 in November, eight points below October's revised level and 34 points below its level of a year ago. The index has dropped since July, when it stood at 119. The group said the want-ad volume declined in all of the nine regions of the country measured. Only 4 per cent of I all papers surveyed showed any rise in help-wanted ads. NewYorkUtilities New York State's seven largest electric utility companies plan to finance a statewide generating company which would construct and operate the gen- million of capital stock in the generating company as part of a long-range plan by the electric utility industry to assure New York State will continue to have an adequate supply of power.

The action was announced by William A. Lyons, chairman of the board of the generating company, Empire State Power Resources and chairman and chief execu tive officer of New York State Electric Gas Corp. The new company will be -owned by the seven electric utility companies and will supply power to them for resale to their customers. The seven electric utility companies are: Central Hudson Gas Electric Consolidated Edison Co. of New York Long Island Lighting New York State Electric Gas Niagara Mohawk Power Orange Rockland Utilities and Rochester Gas Electric Corp.

It is anticipated none jf the seven companies will own or purchase more than 25 per cent of the capital stock or capacity of the new company. Slowdown In Plastics The plastics business, a bulwark of the chemical industry for many months, is ex periencing a sudden and sharp decline, the Dow Jones News Service reports. Until the past few weeks, plastics producers were enjoying a sustained boom period that began about 18 months ago. Demand for plastics far exceeded supply and continued strong despite soaring plastics prices. Now though, demand has fallen off with stunning rapidity.

Behind the plastics turnaround, analysts agree, is reduced consumer demand for a wide range of products containing plastics. Production rates are being slashed and employes laid off by small as well as large companies, who cite plummeting consumer spending for a host of products containing plastics, as well as heavy inventory re ductions by manufacturers who use plastics. Sales of many speciality plastics products engineered for specific markets that are slumping badly are the hard est hit. But almost daily, say producers, more plastics, including more basic plastics, are being affected. Sales of low-density polyethylene, the most widely used plastic, are slowing at Union Carbide the products' biggest producer.

To entice buying, some pro ducers are reducing some plas tics prices, the first such reduction in many months. Some plastics prices are still going up and industry executives say further price boosts can be expected due to still- escalating raw-materials costs and unprecedented capital expenditures. Industry analysts, however, say prices are a major source of concern and the possibility of a broad price re treat can't be ruled out. Most executives and analysts expect an upturn sometime next year, when consumers pre sumably will resume big-ticket purchases. But signs of such a change haven appeared yet.

Occidental Pete Occidental Petroleum confirmed published reports that Ghaith Pharaon, a 2audi Arabian businessman, was the "prominent Arab" whom Occidental chairman, Armand Ham mer, said had purchased about one million Occidental shares. Dr. Hammer made his stateT ment earlier this month to the Senate subcommittee on integrated' oil operations which held a hearing on the possible take-over of Occidental Dy Standard Oil Co. of Indiana. He didn't identify 'Pharaon by name at that time.

Oilgram, an industry newsletter, said several weeks ago that Pharaon was the purcha- spr. The current issue of Middle East Money, a Lebanese financial publication, said Pharaon paid some $9 million for the Occidental stock. Pharaon heads Saudi Arabian Research Development a diversified concern that has represented Occidental's interests in Saudi Arabia for several years. U.S. Treasury WASHINGTON.

FRIDAY (AP) The fash position of tha Treasury on Dec. 24, 1974 in dollars: OPERATING) IALANCI WITHDRAWALS FISCAL YEAR JULY 1 $431,404,000,000 total debt 1411,515.000,000 debt not subject to statutory limit $2,118,000,000 gold assets $11,737,000,000 operating balance on dec. 14, 173 WW i slaughter steers and heifers steady to stronq; cows sue si.uu lower; bulls nrm. Steers: Short 2 loads choice and prime 1.050 lbs vld gr modest volume same grade lbs yld gr 3-4 choice lbs vld gr 2-4 $37 load 1,593 lbs yld gr 4-5 SJl TO early. Heifers: 5 loads high-choice and prime lbs yld gr 3-4 mod- lambs lately 10 compare prices; slaughter ewes scarce.

Slaughter choice with few 95 105 lbs wooled $38 shorn 108-113 lbs no I pells $41.00, part deck choice 85 lbs $40.50. Peoria Weekly PEORIA. SATURDAY. (FED-STATE)- noes tor the week barrows and sows 25-SOc gilts steady to 50c higher; niqner. Friday's prices: US butchru-s S41 .50 1-3 200-250 pound CATTLE for the week: There was no report on Peoria cattle this week.

Sioux City Weekly SIOUX CITY, SATURDAY, (USDA) -HOGS for the wek: barrows and gills 200-250 Ibs 50-75c higher, 250-370 Ibs $1 .00 higher; sows 300-350 Ibs steady; 350-600 Ibs higher; boars steady. Friday's prices: US 13 200-250 Ibs CATTLE For the week: Slaughter steers choice Ibs strong to 50c ninner, uiner sieeis neaur iu Jvt. iuwci with decline on choice offerings above 1.250 Ihs: slaughter heifers fullv steady; cows lower; bulls steady; choice and prime feeder steers and heifers steady strong; good and mixed goota and choice weak to $1.00 lower. SHEEP No report. Iowa Cattle Weekly There was no report on the lowa cattle market from Federal-State Market News Service this week.

Produce Market Iowa Produce Following Is Friday's report on lowa egg and poultry markets as reported by Fed-State Market News: EGGS Prices unchanged) demand Irregular; generally softening when compared to early week Inquiry; dealer sentiment about steady. Cents per dozen at farms, cases exchanged, quality and volume Incentive: Grade A large 55-57C, mostly 56-57ct A medium 51 -55c, mostly 53-54c; other farm eggs A large or better 38-48C, mostly 41-44t; A medium 30-41c, mostly 31-34c; large 26-37C, mostly 26 28c. IOWA LIVE HENS, light type Market generally steady; offerings and trading continue light; demand lair as plant schedules filled 1-3 weeks In advance; commercial flocks loo few to report. Chicago Produce CHICAGO (FED-STATE) EGGS -Prices to retailers; sales to volume buyers, consumer grades, white eggs in cartons, delivered warehouse: extra large, 7073c; large, 69-71c; A medium, 67-69C BUTTER AA 59' and 59'ci 59c. Produce Futures CHICAGO (AP) Futures trading on the Chicago Mercantile Exchange Friday: Prev Open High.

Low Close Close LIVE BEEF CATTLE (40,000 Ibs) Feb 39.60 40.20 39.50 39 70 39 60 Apr jun 40.87 41.55 41.60 40.95 41.35 41 85 41.80 41.05 40.75 41.25 40.90 41.35 41.65 41.40 41.40 b41.57 aal.7? Oct 40.62 40 95 50.95 Sales: Feb 1897; April 1800; June 650; Aug 125; Oct 25. Open interest: Dec r-eo vsvi: uprn 6061; June 3747; Aug 1337; Oct 203, FEEDER CATTLE (42,000 Ibs) Mar Apr May Sales: Open May 76. 30.70 30.70 30.35 30.50 32.50 32 75 32.50 32.50 32.10 32.30 32.10 32.10 March 44; April May 2. Interest: March 696; April 30.70 32.50 32.00 157; LIVE Feb Apr Jun Jul Aug Oct Dec Sales: HOGS (31,000 Ibs) 42.10 42.85 42.0U 42 05 42.25 41.80 42.70 45.70 46.30 45.50 41.75 42.00 41.60 44.85 b45 20 44.80 45.60 045 80 45.60 44.60 44.70 44.90 44.30 44 30 a44.55 44.85 45.65 44.60 44.60 45.55 44.95 46.02 45 35 h45 40 4S 55 Feb 1614; Anril 1045: June 532; July 138 Aug 77; Oct Dec 11. Open interest: Dec it; t-eo tisr, pru 3302; June 2258; July 1033; Aug 467; Oct 67; Dec 88.

IDAHO POTATOES (80,000 Ibs) May 6.39 6.39 6 3 6 39 ni.39 Sales: May 2. Open Interest: May 59. SHELL EGGS (22,500 dol) jan 53.90 54.10 53.10 54 00 53.05 Feb 52.25 54.50 51.50 51.25 i. is 56.10 52.25 52 60 52 00 53.75 b52.00 Mar 54.25 56.05 54.20 Apr May Jun 51.50 052.00 851.00 51 20 52 60 51.85 52.45 52.95 52 35 b52.45 n52.00 Sales: Jan 535: Feb 255; March 201; Anril 19: AAav 41: June 19. Open interest: Dec Jan 1185; Feb 760, March 839; April 304; May 197; June 108.

FROZEN PORK BELLIES (36,800 Ibs) Feb 62 40 63 35 61.90 a61.90 a63.40 Mar May Jul Aug Feb 62.15 63.45 64 40 62.75 67.25 63.4U 64.60 65.37 64.12 61.97 a61.97 a63.47 63.15 a6315 a64.6S 63.82 63.82 a65.32 62.75 62.75 a64 .25 67.50 67.25 67.50 6B 25 sales: Feb 2356; March 502; May 120; July 108; Aug 15; Feb 5. Ooen interest: Feb 4106; March 2340; May 1171; July 679; Aug 195; Feb 19. Bid; a Asked; Nominal, Potatoes NEW YORK (FRIDAY) (AP) Potato futures on the New York Mercantile Ex change; previous close In parentheses; (Maine) Jan. b3.43 (3.40); Mar. 3.52 (3.42); Apr 3.77 (3.70); May 4.40 (4.33); Nov.

4.40 (4.37. Sales: 1,374. Unit to Install New Officers Installation ceremonies for officers and new board members will be at 7:30 p.m. Thursday at the Logan Community Development Site Office, 615 E. Fourteenth St.

The public is invited and refreshments will be served. Metals NEW YORK, FRIDAY (AP) Spot nonferrous metal prices: copper 72H-74C Connecticut Valley; lead 24'ic Zinc 38-4UC aeiiverea; nn j.4i"4 New York; gold $195.25 Vnrlr liltMr IA 890 UK CHICAGO, ILL. (AP) A surge of buying power developed short covering and most farm commodity futures closed at higher levels on the board of trade Friday. Most of the major commodities opened on irregular tones, but soybeans and oil were sharply lower. There was GRAIN TRADE CHICAGO.

FRIDAY (AP) Grain fu turet ourchases: Prev. session Wheat 28,250,000 Corn 80,850,000 Oats 3,565,000 Soybeans 46.9"5,000 Soybean oil 3,054,000 Soybean meal 4,416,000 Year ago 41,900.000 26.795.000 1,455,000 41,275.000 4.718,000 2,961,000 Total 168.061,000 119.104,000 Open Interest In wheat futures the Previous sessoin totaled 152,735,000 bushels; corn oats soybeans JOvbean oil 30.907 000; soybean meal total 915,139.000. an accumulation of sell orders from the previous session when both had closed at limits lower. Commodities in the soybean complex then improved before mid-session on new demand that was stimulated by sharp gains in the grain pits. Late in the session, oil futures came under selling pressure and beans also turned weak.

Corn and oats futures, rather irregular early, improved on buying associated with the weather. It was expected that new snow in the feeder cattle zones might cut into local stocks. There was some profit-taking in corn and oats but prices still maintained strong levels. At the close, wheat rose 5 to 9 cents a bushel. Corn was 5 to 6V4.

cents higher and oats gained 214 to cents. Soybeans ranged down 3 to up 6 cents. Des Moines Grain Des Moines prices Less than carlot Friday. Receipts Corn 9 cars; beam 0, wheat Feed prices are sublect to wide variations In different sections of the state due to transportation, hendling and storage costs. lowa wheat $4.40.

Soybean meal $8 100 lb. sack pure bran SI. 100 lb. sack cure minds Tankage $9 Linseed $10.50. Central Iowa County elevator bids on corn, oats, soy beans In area near Des Moines show the following Friday.

Corn No. 2 yellow Oats Soybeans No. 2 yellow Iowa Regional Markets lowa elevator bids on corn and beans comoiled bv the federal-state qrain market news office in Des Moines Fri day. Price per bushel: No. 1 Yell-" No.

1 Soybeans 86 $6 40-6 62 Region Northwest North-Central Northeast Southwest South-Central Southeast Corn $2.99 3 01 Chicago Cash CHICAGO (FRIDAY) (AP) Wheat nom. higher; basis unchanged; receipts 1 car. Corn higher; basis unchanged; receipts 5 cars. Oats nom. higher; basis unchanged) receipts none.

Soybeans nom. higher) basis unchanged; receipts none. Truck receipts: wheat 19.905 bushels; corn 19,180 bushels; soybeans 8.888 bush-Wheat No. I hard winter No. 1 soft red Corn No.

2 yellow I3.39'A No. 3 yellow S3 34'V37. Oati No. extra heavy white S1.76'An. Soybeans No.

1 yellow $6 95Van. No. 2 yellow corn Thursday hop-oer $3 79n box. Choice white grease 12c lb fancy tallow 10-llc and clal tallow 9c. Minneapolis MINNFAPOI IS.

FRIDAY bleachable white spe- (AP) Wheat receiots 93; year ago 247; spring wheat cash trading basis unchanged; prices up 6c. No. I dark northern 11-1 protein Test weight premiums: lc each lb 58-61 Ibs; lc discount each 17 lb under 58 Ibs. Protein prices; 11 pet 12, 13 14, 15, $5 16, 17, No. 1 hard Montana winter $4 67-5 18 No.

1 hard winter No. 1 hard amber durum, discounts. amber 5-10c; durum 10-20C. Corn No. 2 yellow $3 Oats No.

2 extra heavy white $1.62. Barlev cars 62: vear ago 74: Larker $2 Blue Malting Dickson S2.fl6-4.70; Feed 85. Rye No. 1 and 2 Flax No. 1 $10.80.

Soybeans No. 1 yellow S6.87'4. WHEAT FUTURES Pvs. Open High Law Close Close Mar 5.04 S.11 102 5 10 5.04 May 4.95 5.03 4 95 5.03 4.96 Jul 4.60 4.64 4.60 4.64 4.60 Kansas City KANSAS CITY (FRIDAY) (API Wheat 79 cars: off IVic to up 6c; No. hard No.

3 No. 2 red wheat $4.41 Vm: No. 3 39. 4.47''jn. corn 36 cars: off 10c to up The: No.

2 white No. 3 $3 No. 2 yellow No. 3 s32n. Oats no.

cars: nom. unch: No. 2 white No. 3 tl NO. I WHO No.

2 Rye No. 1 Barley No. I Soybeans Sacked bran Sacked shorts Grain futures an the Kansas Cltv Board of Trade. WHEAT FUTURES Open High Lgw Closg Prev. Mar.

4.47 4.55 4.47 4.55 4.48 May 4.54 4.51141 4.44 4.5146, 4.44 Jul 4.20 4.26Va 4 20 4.26 4.21 Sep 4.29' 4.34 4.29VJ- 4.34 4.27 Sales: 781 A Treasure Chest of Fun For Every Boy and Girl RoviiTv wMTewsET I imM fk rrzA MKinxwinM V.V.V II1I1 c' mv- ovi rxM iawr eiT I' LJ vs A kiiwwTMnwK tJFji' 77 YyVi rr7HJP5 zzzr.T,. i cmh cu' or (4oo TTft 1 rt- I. 7,. i fl 'e mmJ. I tf'lW 4ii.i4i ciot.

mi mi IUMH tf nw. ll-Or I Ot uIWSOMI'ie ,1 mfm OPHI.IWI.' rrZilfm TV tML Jff (niLW I 1 SIU ff 1, Kids! You'll find a treasure chest of fun and games every Sunday in the color comics section of the Sunday Register when you read our new feature, Cappy Dick. It begins January 19th. You'll discover challenging games and contests exciting prizes amazing magic tricks things to do and make using the stuff you find right around your house. There's so many good ideas that it might take you a whole week just to try them all out! Fun ideas for those days when "there just isn't anything to do." So look for Cappy Dick every Sunday.

It's in the color comics section the fun section for everyone! New York quicksilver $195.00 persnower increases of as much as 174 00'7! 00 i 25 per cent this past summer..