The Des Moines Register from Des Moines, Iowa • 11

1 1 618.360 shares! of 'Sinclair Oil Catholic Protest Of PortllgdlWar PREVIEW OF YOUR ENTERTAINMENT The Best on TV Today D.C. Waterfowl Area APolitical uuagmire By Robert L. Jackson Comvuters Will Assist Stock Exchange in '69 The Register presents the pick of the day's network television I entertainment PRE.mpinorf hu fhe Rpnixter stnff nt erncrfr n-hn! LISBON. PORTUGAL (API-Roman Year's of Sao Two hundred' dissident Catholics held a New at the church nnaniAuiuiN, u.t. Across the Potomac River, a few imw, a cw lies a nartlv suhmprsrprf foerfino have attended rehearsals, screened films and read scriots in stock owned or quired by Gulf and This option expires 1969.

be ac- ar rcnn-enirai u). uiuudiiy di Westenv Aug. 31 waterfowl. i New York and Hollywood. AU times shown are Central Standard.

The Register Leased Wire to Robert W. Haack, president Today's best; MARK TWALN TONIGHT mange, saiu 111 a cai-cuu aiaicuiciu uiai i3U9 nm uc a trai ui iuuusu, auuiin; uiai quired the New Haven Railroad Portugal's African wars and to at midnight Tuesday. All docu-' call for talks with black nation-ments were signed Tuesday aft-! alists. ernoon, and Penn-Central paid The demonstrators, who million in cash to the New. eluded intellectuals, students Haven of a total of $8 million it.

and a dozen priests, showed up superb one-man show that Hal Holbrook has taken around the world to international acclaim. Excerpts from Twain's works and his speeches from the essence of Holbrook's material. The characterization has been called "one of the treasures of the American theater" (rerun). p.m., CBS: KELO-TV, Sioux Fails; KEYC-TV, Mankato; KGLO-TV, Mason City; KHQA-TV, Hannibal; KM EG, Sioux City; KRNT-TV, Des Moines; WHBF-TV, Rock Island; WKBT, La Crosse; WMT-TV, Cedar Rapids; WOW-TV, Omaha. of the New York Stock Ex- i.

i ai nounced late Friday by Copper Range Co. It was reported they wanted to see what the reaction would be to the rise, the first since the end of the nine-month-long in dustry-wide U.S. copper strike last March. Copper Range increased its price to 45 cents a pound vs. 42 cents previously.

World Airways said it became the first airline to order the newly-announced advanced ver cinn rf iya X)ininn 7.17 i rn it will eventually pay. i In addition to the cash, Penn-; Central is paying 950,000 shares of its stock and $33.6 million if first mortgage bonds for the. New Haven's assets. New Ha-, ven bondholders are seeking a higher payment in court action Commission r(X) released fi- OIUII VI Hit UUdllS I I OUUV hi I nn WWW the It ordered three of theV Industry Federal Communications Domingos Wednesday to protest iwhat thev called the Catholic i erarcny acquiescence in with hundreds of other. worship- ers for midnight mass.

They stayed in the church until 5:30 a.m. The protest was believed to be the first of its kind here, and underlined the liberal Catholic attitude toward the drawn-out fighting in Angola. Mozambique and Guinea. Public debate on this issue is not permitted in Portugal. PLASTIC NEWSPAPER PAVIA, ITALY (REUTERS) The daily newspaper Gior-nale di Pavia claimed a world first Wednesday by using plastic instead of newsprint in a special new year issue.

Eight of the issue's 20 pages were plastic and In color. nal figures for 19G7, showing Independence Fire that the TV broadcasting indus-j rin try had record revenues in thatl vamages lnurcn year of $2.3 billion but that! ioNtwistrvic.i profits before federal income I I DEPENDENCE, IA. -taxes were the lowest in four Fire of undetermined origin years, at $414.6 million. caused extensive damage Wed- The 1967 revenue total was 3.3nesday afternoon to the base-per cent higher than in 1966, but; ment and chapel of the Wesley- profits before income taxesan Methodist Church here. No down 15.9 per cent from estimate of the amount of dam- the 1966 level.

Expenses in 1967? age was available Wednesday. were $1.86 billion, up 9.4 per cent from the $1.7. billion 1966. The three major networks and their stations reported 1967 revenues of $1.2 billion, expenses of about $1 billion and pre-tax profits of $160.1 million. The three networks alone' showed profits of $55.8 million on revenues of $953.3 million or a profit margin of 5.9 per cent.

Their 15 stations showed profits of $104.3 million on revenues of $263.3 million, or 39.tS per cent. The other 604 stations covered in the report showed profits in 1967 of $254.5 million on revc- lhejnucs of more than $1 billion, for BACK TO THE BIBLE NOW AT 9:30 A.M. ON 960 RADIO KRNT Radio 1350 CBS, Des Moines 5:30 News, Reno 7:00 World Tonight 9:00 Don Thompson 7.20 World Sports 11:00 News, Eaton 7:55 Basketball: 1:30 A. Godfrey Drake vs. Memphis St.

10:00 News, Sports 10:30 Night Call 11:30 News, Jewell 2:00 News, Eaton 3:00 News, Hull 5:00 News, Sports 5:45 L. Thomas 6:00 News, Hull WHO Radio 1040 NBC. Des Moines 5:30 News 2:35 Trade Central 6:15 Farm Calendar 3:05 Fox's Den 6:30 News, Warren 6:00 News, Sports 9:05 Phone Forum 6:30 World News 11:05 Trade Central 11:30 M. Bohlsen 11:45 Auction 12:00 H. Plambeck 12:15 Go Visiting 12:30 News 12:45 Lee Kline 1:05 Call Zabel 6:45 Farm Roundup 7:05 Conversation 7:40 Maury John 7:55 Basketball: Drake vs.

Memphis St. 10:00 News, Sports 10:30 Country Music WHO-FM 100.3 mc. 8:00 Prelude. Mus. 5:00 FM in PM 2:00 Matinee 10:00 News, Music WOI Radio 640, Ames 6:15 On Farm 11:30 Music 12:00 lloon Report 12:15 Farm Facts 1:05 Book Club 1:30 Markets 2:00 Masterworks 7:00 News, Music 9:04 Today's Worn.

10:00 Special 10:30 Mkts, Music 11:00 U.N.I. 11:15 English 4:00 News, Music WOI-FM 90.1 mc (stereo) 9:05 Carousel 7:00 Special 8:00 Boston Pops 10:00 News 10:05 Language 10:35 Keyboard 11:00 That's Jazz 10:00 Book Club 10:25 Carousel 12:00 Noon Report 12:15 Carousel 2:00 Masterworks 4:00 News, Music KWKY Radio 1150, Des Moines 5:30 Irish Davis 2:03 Smokey Smith 7:30 Religion 10:00 L. Heabsrlin 12:15 Lifeline 12:30 World Tmw. 1:00 L. Heaberlin 6:00 Paul Nelson 8 30 Noripan Grove 9:30 World Tomw.

10:00 Norman Grove KDPS Radio 83.1 FM, Des Momes 9:05 Instruction 6:00 News 11:45 Back Fence 6:15 Back Fence 12:00 Big Bands 6:30 John Kranz 1:00 Instruction 9:15 C. Holloway 3:00 Ask Professor 10:00 Jazz and Jim 3:30 Mik Lewis KWDM-FM Radio 93.3 ABC-FM, Des Moines (Stereo) 6:00 Bob Neel 2:00 Jack Myers 12:00 Jack Myers 6:00 Rex Young 1:00 Mary Johns 9:00 Russ Lavlne KFMG-FM Radio 94.9 mc, Des Moines 9:00 Top of Morn. 8:00 Classical 11:00 Potpourri 10:30 Late Folks 1:00 Com. Perf. 12:00 Roc Show 6:00 Interlude KCBC Radio 1390 Mutual, Des Moines 5:50 Farm News 6:00 Iowa Report 7:05 Dick Lem Mon 6:15 Music, News 11:55 Ed Sheppard 11:00 Music Hall 12:15 Herb Hanger 12:00 Don Purdy 5:15 Sports 1:00 Music, News KLFM Radio 104.1 mc, Ames (Stereo) 6:00 News, Stereo 6:30 Stereo, News 12:00 News, Stereo 12:00 Nighttime 6:00 Octagon KIOA Radio 940, Des Moines Jones 6:00 Jiiri Michaels 9:00 Jim Johnson 10:00 Mike- Welch 1:00 Die Youngs KDMI-FM Radio Gospel talks and music continous from 5:45 a until midnight.

KSO Radio 1460 ABC, Des Moines 5:30 Jim Frank 12:15 Bob Beers 10:00 Bob Beers 2:00 Chas. Martin 12:00 Paul Harvey 6:00 Jay Mack Car Crash Kills Boone Man, 21 COLUMBUS, OHIO (AP) i il. number of major programs al-i ready undder way will make a sizable contribution in easing; the paperwork backlog. "Central Certificate Service, the computerized stock delivery system, is expected to be fully operational for all 1,200 eligible New York Stock Exchange issues by mid-February," Haack said. 500 Now He said some 500 stocks are; presently in the system and that; next week the incorporation of the remaining issues will be' increased from a rate ot tive tyH0ir Haack aid other automat on.

steps ana Key ruies cnanges. ha induct hQvo changed the shape of the paper work problem. "Several months ago," he said, "our concern was centered on a mounting backlog of unsettled transactions 30 days old or older. "New rules on mandatory buy-ins and charges against firm net capital, as well as computerized fall clearance programs have brought a substantial reduction, in this long-standing backlog," added. Haack said a method has been worked out with banks to handle collaterilized loans on shares! held in the Central Certificate Service, thus avoiding needless movement of certificates.

The exchange confirmed also that it will restructure its Stock Clearing Corp. subsidiary, making it the second key exchange unit to be realigned within a month. Responsibility Thn Stnnt PloapinB Pnrn r. wn rn win pmpci. Thursday, will follow by about three, weeks the restructuing of the Department of Member 'B, Firms.

The Stock Clearing Corp. is mainly responsible for the clearance and settlement of securities transactions among member firms. Its reorganization involves the appointment of three vice-presidents, with each to be responsible for a separate function. Shorter Day The nation's securities ex. changes will close 90 minutes earlier each day for an indefinite period, starting today, but will remain open Monday through Friday inclusive, instead of closing one day a week as has been the practice since June 12.

Under the new hours the exchanges will be open from 10 a.m. to 2 p.m. from 9 a.m. to 1 p.m., Iowa time. The shorter hours were adopted to aid the industry in catching up on the backlog of office paperwork.

The Wednesday closings had been for that purpose also, but had been criticized by some members of the industry because they appeared to result in a significant buildup of volume on Thursday. Shorter hours had been tried between Jan. 22 and Mar. 1 of 1968. After the new hours were established volume dipped by more than two million shares daily, and it fell further 1st February.

Bank Stock Argentina's Justice Inspection Department ordered the Banco Frances Del Rio de La Plata, Buenos Aires bank, to call a special meeting of stockholders to approve or reject an allegedly irregular issue of stock purchased by the Morgan Guaranty Trust New York. The action came after John H. Harriet, a former director of the Argentine charged Morgan Guaranty took contended was an "irregu lar" deal that was kept from the knowledge of the board and the shareholders The bank, contending liar uucidi uaiiMuuu iui Mic seiuiuica I a profit margin of 24 per cent. Chamical Bunk New York Trust Co. voted to form a one- bank holding company to take over the bank.

The bank will be renamed "Chemical Bank." The new holding company has a list of 18 areas where possible ac quisitions are being explored, i eluding financial printing, temporary help, savings and loan associations and auto rental agencies. mil i miies south of the U.S. Capitol, area for ducks and migratory This marshy nine acres, frequented by rare diving ducks, might also become a political quagmire ensnaring some outgoing officials of the Interior Department. It. could present the.

incoming secretary, Walter J. Hickel, with one of his first problem cases. For a House Government Operations Subcommittee, it "has Deen learned, is probing allegations that: The Interior Department overruled two of its agencies in approving a lucrative landfill permit for this marshy Virginia property, which is owned by the Teamsters Union Central States Pension Fund. The property, held in the name of Francis T. Murtha, executive secretary of the Teamsters Pension Fund in Chicago, 111., stands to gain in value from $15,300, its estimated present worth, to $1.3 million as a result of the Interior Department action.

The department's final approval came last April despite fierce objections by conservationists after Senators Birch Bayh Ind.) and Henry M. Jackson chairman of the Senate Interior Committee, telephoned Undersecretary of Interior David S. Black to urge that he consider granting such approval. Black did so. (Aides for the two senators said a constituent of Bayh's had a financial interest in an apart ment house-shopping center venture that would result from the landfill.

The constituent asked Bayh's help to get the permit, they said.) Interior Department official, Stanley A. Cain, at first agreed with Black's position. But he later reversed himself, saying in a memorandum that "political considerations" entered into his original decision. Both the National Park Service and the U.S. Fish and Wildlife Service, two branches of the Interior Department, Jiad opposed the landfill permit.

They contended it would damage a valuable waterfowl habitat and adversely affect a small national park under development nearby. The property to be filled lies at the, edge of the Potomac River near Alexandria, in what is known as the Hunting Creek area. Not Signed By action of the Virginia Legislature in 1964, some 18 acres, including the nine acres to be filled, was conveyed to Murtha as trustee for a total price of $30,000. The actual conveyance has not yet been signed by Gov. Mills E.

Godwin, jr. Murtha's contractor, Howard P. Hoffman Associates of New York City, is planning to fill i.1 the land for construction of a high-rise apartment building. It will eventually acquire the land from Murtha, an attorney for Hoffman said. Hoffman applied for the federal landfill permit, necessary because the land is on a navigable waterway, the Potomac River.

The company is represented by the Boston-Washington law firm of Edward J. McCormack, nephew of House Speaker John W. McCormack. Murtha, in an interview, said, "My recollection is not too clear" on who owns the land, but Joseph Teitelbaum, attorney for the Teamsters Pension Fund, confirmed the fund owns the land by action of the Virginia Legislature. Teitelbaum denied that the landfill permit makes the property worth $1.3 million a fipnre comDuted bv witnesses who opposed the permit during hearings by the House Government Operations Subcommittee.

But Teitelbaum said the permit nay at least triple the value of the land to $45,900. Figure "Arbitrary" The much higher estimate was computed by Representatives John P. Saylor Pa.) and Henry S. Reuss who, appearing as witnesses at the subcommittee hearings, said the landfill prop-orty would be identical to an adjoining 4-8 acres acquired in Murtha's name tight years ago for $700,000, according to property records. Teitelbaum called the $700,000 fimiro 'nrhitrarv." He said it was "incidentally assigned" when the adjoining acreage was acauired in a foreclosure action.

The legality and propriety of the Interior Department's approval of the landfill permit is migratory The television adaptation of the CHANNEL CHUCKLES By Bil Keane 3 "Now, back to the CBS Thursday night movie, "The Night Has A Thousand Eyes!" DES MOINES 6:30 Semester 7:05 CBS News 7:30 Bill Riley 8:00 Kangaroo 9:00 Merv Griffin 10:00 A. Griffith 10:30 0. Van Dyke 11:00 Love of Life 11:30 Search Tmw. 12.00 Don Soliday 12:30 World Turns 1:00 Splendored KRNT-IV 1:30 Guiding Light 2:00 Secret Storm 2:30 Edge of Night 3:00 Linkletters 3:30 M. Brubaker 4:00 Mike Douglas 5:30 CBS News 6:00 News, Sports 6:30 Mark Twain 8:00 CBS Movie 10:00 News, Sports 10:30 Movi DES MOINES WI-IU-IV 3 7:00 Today 3:00 Game 9 00 Judgment 3:30 Floppy 9:30 Concentration 4 00 Movie 10:00 Personality 5:30 NBC News 10:30 Hlywd Squares 6:00 News.

Sports 11:00 Jeopardy 6:30 Daniel Boone 11:30 Eye Guess 7:30 Ironside 12:00 News 3:30 Profile 12:15 Cartoons 9 00 Dean Martin 12:30 Movie 10 00 News, Sports 2:00 Anoth World 10:30 Tonight 2:30 Don't Say DES MOINES 9-3 Instruction 3:00 KaDiPuS 6:00 What's New 6:30 Going Places KDPS-TV 7:00 French Chef 7:30 Yankee 8:00 Privacy 9:00 Silent Films AMES WOI-TV 7:00 Open Circuit 2:30 One Life 7:30 Lassie 3:00 Shadows 8:00 Newlyweds 3:30 Dennis 8:30 J. LaLanne 4:00 Flintstones 9:00 Magic Window 4:30 Beaver 9:30 Consultation 5 00 ABC News 10:00 Dick Cavett 11:00 Bewitched 11:30 Should Ask 12:00 Noon Report 12:30 Make Deal 1:00 Truth, Con. 1:30 Dating Game 2:00 Gen. Hospital 5:30 Takes Thief 6:30 Ugliest Girl 7:00 Flying Nun 7:30 Bewitched 8:00 Valley 8:30 Movie 10:00 News, Sports 10:30 Joey Bishop Black Arm Bands in Pakistani Protest A WALPINDI, PAKISTAN (AP) Hundreds of students observed the first day of the new year Wednesday as a "black day" in Pakistan by hoisting black flags and wearing black arm bands. Their action was part of an antigovernment campaign demanding political reforms in the country.

Little Want Ad Does a Big Job A little Register and Tribune Want Ad can be a powerful salesman. This ad, for instance, sold a $600 organ, sight-unseen. HAMMOND JDinet organ M3 with bench. Birch finish. Beautiful tone.

Cost SI 000, sacrifice tor $600. XXX-XXXX. Mrs. H. W.

Locffler, 2000 (1st, said that the second call came frnm fTalrfiaM anrl ihoi 1iav I You can put a Register and iTribune Want Ad to work fori writer help you order your ad. If you live outside Des Moines you can call FREE and direct' at 800-362-1836. now, did I make it up?" F-J wx Washington jps I fefeNORTH CAROLINA tionists can be overruled out of political considerations, the implications are very grave for everyone interested in conserving our waterways and natural resources." Although the Army Corps of Engineers actually issued the permit, clearance first had to! be obtained from the Interior Department because a conservation issue was involved. Never Intended McCloskey and Moss said Congress never intended that the National Park Service and the Fish and Wildlife Service could be overruled bv Interior Department officials, as hap- i ii penea in mis case, on sucn a conservation matter. McCloskey said the new ses sion of Congress may be asked to revoke the landfill permit.

If that should occur, Hickel might be forced to review the entire cass. Meanwhile, the investigating subcommittee the Natural Resources and Power Subcommittee is understood to be writing a critical report for approval by the full Government Operations Committee. A transcript of subcommittee testimony showed the panel was harshest in questioning Cain, who was assistant secretary of interior for fish, wildlife and parks until he resigned shortly after appearing before the congressmen. Cain was asked to explain what he meant by the "political considerations" which entered into his original decision to overrule the lower agencies. He said he did not mean partisan politics, but that "I had general information that the congressional interest was divided in this case." "Cain Mutiny" Cain's reversal of the findings of his agencies on Oct.

10, 1967, came to be known in the de partment as "the Cain mutiny," the subcommittee was told. Later, on Apr. 10, 1968, Cain changed his ruling to confon.i to that of the agencies. He said his first decision had been made without reviewing the agencies' findings. Asked why he did that, Cain said at one point: "I got the feeling there was some urgency.

Now I do not know what the urgency was." Cain was asked by the subcommittee if Interior Secretary Stewart L. Udall took a personal hand in the case. Cain replied that Udall did not. He said the secretary told him: "It's In your program area. You handle it." After Cain's "flip-flop" a word he used himself a final decision in the case was left to Black, Cain's superior.

Black told the subcommittee it was a hard decision, but he felt conservation aspects were not important enough in this case to deny the landfill permit Meanwhile, the permit, while it has been granted, has not been exercised. An attorney for Hoffman Associates said the de velopment firm will await the result of congressional interest. Waterloo Man Shot in Arm (The Re9ister'j low News Service) WATERLOO, IA. Harry Carson, 22, cf Waterloo, was treated for a gunshot wound, then released Wednesday at St. Francis Hospital.

He was wounded in the left arm by a .22 caliber bullet while standing on the porch of a friend at 4:30 a.m. The assailant was not found. Flu-Related Death Reported (Tht Register's towi News Service) DYERSVILLE, of Hong Kong influenza were the apparent cause of death of Merlin Delaney, 41, of Dyersville, according to Dr. Donald McFarline, Dubuque County Medical Examiner. Delaney, who had been sick five days, died Tuesday.

He was telegrapher for the Illinois Central Railway. Survivors are his wife, three daughters, a son, three sisters and three brothers. PLANE DAMAGED PARIS, FRANCE (REU TERS) A Saudi Arabian mili tary cargo plane caught fire and was badly damaged Wednesday when it came down short of the runway while trying to land in poor visibility at Le Bourget Airport. with an nntinn nn a fourth fnr delivery in early 1971. The order supersedes the previous order (U 4k aircraft.

Stockholders of Georgia Marble Co. approved a plan to merge with Jim Walter Corp. through an exchange of valued at $23 million. Stockholders of Ingersoll-Rand, Co. and Torrington Co.

approved a previously proposed merger through exchange of 410 of a share of Ingersoll-Rand common and one share of a new convertible preferred for each of the 3,276,895 shares of Torrington stock outstanding. Tangcr Industries, South El Monte, said it is negotiating to acquire the Landmark Hotel and Casino, in Las Vegas. eanwhile, Sheldon Sandler, lialf-owner of the Las Vegas 'property, said the Justice De partment has not completed its nvAslirrnt nn nf thn nrnnncoH nnrph.lco nf anrlmurlr hu Until ard Hughes, who is said to have offered $17.3 million for property. Madison Square Garden Corp. completed its previously reported acquisition of Penn-Cen-tral's 25 per cent interest in the new' Madison Square Garden Center and its 55 per cent interest in the adjacent two Pennsylvania Plaza office buildings in New York.

As a result of the transaction, Madison Square Garden Corp. Owns 100 per cent of the new Madison Square Garden Center and 80 per cent of the adjoining office buildings, and Penn-Cen tral acquired 1.168,664 shares of common and 100,000 shares of preferred stock of Madison Square Garden Center. American Motors which borrowed $95 million 19 months ago from a group of 24 banks, made a $10 million payment, thus retiring the firm's short-term debt position. Braniff Airways, arranged to borrow "up to $30 million" under a three-year revolving credit agreement with eight banks. The airline will pay interest at the banks' prime rate until Jan.

1, 1970, and at V4 of 1 per cent above the prime rate during the last two years of the agreement. Standard Oil Co. (Ind.) filed with the SEC for issuance of $212 million of 6 80 per cent subordinated installment debentures, due 1990-94, in connection a proposed merger with Cerro Corp. Sinclair Gulf Western Industries, Inc. said its exchange offer to the shareholders of Sinclair Oil Corp.

will expire at 3:30 p.m. EST on Thursday-and that its agreement with Atlantic Richfield to receive purchase warrants on 618,360 shares of Atlantic Richfield common stock (at $125 a share) has been finalized. Under the agreement, Atlantic Richfield received an option from Gulf Western to purchase at $130 a share, the: 7:55 Tonight DRAKE vs. MEMPHIS STATE Play-by-Playi BU0 S0BEL Sponsored by PLAZA STATE BANK REGISTER TRIBUNE ADMIRAL DEALERS Mery's Furniture I Applience Des Moines Television Hemlin Furniture Frontier Furniture BHD stock! i Richard Whisler, 21, of Boone, bought the organ without seeing was killed and his two it. That little ad was a real con-brothers injured earlv Wednes-'vincer! day in a one-car accident on a suburban Columbus street DRAKE vs.

MEMPHIS ST. Tonight 7:30 IOWA vs. MICHIGAN Saturday 12:45 Jim Zabel with trie Iowa Sports Parade as Drake and Iowa U. open conference play. Follow the Bulldogs and Hawks all season long on Radio 1040.

Sharm Sherman will be joining Jim at all Iowa U. games with comments and observations. Hear COURTSIDE prior to each Iowa U. game and the MAURY JOHN SHOW prior to each Drake game. bruit f) lit to yon by Pester Derby Oil Co.

Northwestern Bell Home Federal Savings WHO Basketball Schedule for January January 2. Drake at Memphis State 4 Iowa at Michigan (aft.) 4 St. Louis at Drake (night) 9 at Drake II Indiana at Iowa 13. Kansas at Iowa State 14 Michigan State at Iowa 18 Minnesota at Iowa (aft.) 20. State at Iowa State 23 Bradley at Drake (UU)IK-tl040 WHERE THE SPORTS ylCTON IS! struck a tree.

David W. Whisler, 17, and Jeffrey Whisler, 16, both of Boone, were listed in serious condition at Riverside Hospital here. Off The Itecord "See. Janie this Is Henry Peers 1-2 rrM riet was confusing the issuing of new stocks and the sale of stocks to third parties, denied that Morgan Guaranty had I taken over full control, claim- 1 ing it only purchased 43.5 per cent of the bank'i issued shares. The shareholders had authorized the board to double bank capital to one billion pesos, and to i the corresponding stocks when it thought advisable, but the government agency contends they did not authorize the bank to set an overprice on the securities, which it said, put the new stocks on an unequal footing with previously issued shares.

Copper Prices The big four U.S. copper pro-d ennecott Copper Anaconda, Phelps Dodge and American Smelting ic Refining Co. held off Tuesday on taking action on the copper price increase an- A challenged by Representatives Paul N. McCloskey, Calif.) and John E. Moss both members of the subcommittee investigating the matter.

"This seems to be a clear-cut case of overruling and ignoring the law for political reasons," McCloskey told a reporter. "And if government conserva-.