The Herald-Palladium from Benton Harbor, Michigan • 19

SATURDAY, JUNE 21, 1975 THE HERALD-PALLADIUM, BDtn Harbr- St. Jseph, MicUgaa PAGE NINETEEN Otf Prim NA71CNAL WA7HR NOAA. VJ. OtpL ot Cowworco NEWS OF MARKETS Warm Tonight, Berries At Peak; Bids Up AP DOW JONES 30 INDUSTRIALS Sunday AVMAGf OF 60 STOCKS Mm. ItH Im.

Titer fn ASOS3 VAV, 1 'f wro $how tow Towoofo'vroi FBwfe I koto" Nf) I'l frtt to! tmoi O-Vj, 1 TODAY'S WEATHER MAP: The National Weather Service forecasts little precipitation Sunday over most of the country, but showers are predicted in the northern Rockies and accompanying a cold front stretching from northeastern Canada to Texas. (AP Wirephoto Map) Niles Woman's Suit Seeks Sewer Removal, $141,500 STOCKS UP: The stock market, as measured by the indicators, rose this past week. The Dow Jones average closed at 855.441, Friday, up 30.97 from the prior week. The Associated Press average rose to 278.5, up 7.0 from last weekl Brokers credited the.rise to more signs of a strengthening of the economy and a slowing of inflation. (AP Wirephoto Chart) her property has been torn up and repair of the sewer line, that will be caused, and employes of trespass on her land.

which the suit seeks would from going onto her property, "from utilizing the sanitary sewer removal of the line at the expense of $141,500 is for alleged damages she A Niles woman has filed suit in Berrien circuit court against the City of Niles, seeking permanent injunctions against city use of certain sewer lines and $141,500 damages. The plaintiff, Doris A. Meitzler, of 165 Sil-verbrook, claims the city illegally trespassed on her property in 1947 when it installed a sanitary sewer line across her property against ber wishes. The suit also claims city storm sewers empty into Silverbrook Creek adjacent to her property, causing Erosion to her property and Local Over The Counter Local over-the counter securities quotations as provided by Wm. of 3:00 p.m.

Friday and do not include retail mark-up, mark-down or commission, and are subject to change: Bid Asked Curtis Burns A 14V4 154 First Natl. Bank of S.W. Mich 22'i Inter City Bank 28 Knape 4 Vogt Mfg. Co. Ii4 12 NaU.

Mobile Concrete 3 4 Southern Mich. Cold Storage 13 14 Sta Rite Ind. Inc. 9 Warwicke Electronics 2 314 Berrien Court Sentences Nine; One Asks Hearing INVESTORS' GUIDE You Can Spread $1,000 Very Far Walnut street, Benton Harbor, 180 days for conspiracy to commit petty larcgny April 23 at the Empire Cleaners, 190 West Empire avenue, Benton Harbor. Gary Dukes, 19, 706 Colfax, Benton Harbor, $90 and two years probation for entering a house at 709 Colfax without permission May 10.

Augustus B. Dukes, 27, of 856 Ogden, Benton Harbor, one year probation for entering without permission house at 709 Colfax on May 10. Wallace K. Dahms, 30, Eau Claire, $34 for failure to yield the right of way June 13 in Lincoln township. Max B.

Hamilton, 54, South fend, $60 for driving while cense suspended April 9 in Berrien Springs. Walter Taylor, 37, Detroit, $60, for driving while license suspended April 7 in Motorcycle Rider Hurt In Crash COLOMA Ronald G. O'Leary, 32, route 4, box 6807, Coloma, was treated for a knee injury and released from Watervliet Community hospital yesterday evening following a 5:41 p.m. car-motorcycle accident at Johnson and Paw Paw Lake roads, Coloma township. Sgt.

Robert Cottier of Coloma township police, said a car driven by Richard Latham, 47, of Elm street, Watervliet, turned into the path of the oncoming cycle driven by O'Leary. Latham told police he did not see the cycle. Latham was issued a ticket for failure to yield the right of way and O'Leary was cited for having no cycle endorsement on his driver's license. home foundation. The suit claims for installation further damage the city still The injunctions prohibit the city stop the city line," and the city.

The has sustained. With the strawberry harvest at peak stage, strong demand pushed prices up for the third day in a row at aSe Harbor fruit market Friday. It was expected ithat the harvest will begin a decline next week. Total receipts' at the market so far this year were 106,984 16-qL crate equivalents, ahead of the 104,500 crates that had been counted through the same date last year! Mike Pflueger," federal-state market news service reporter, added that all strawberry shipments out of the area from the market and farm packing First Squash The first' Zucchini squash of the season appeared at the market Friday; brought on by Grower John Mulson, Route 4, Empire avenue, Benton Harbor. The two 8-qt.

cartons were purchased each by Season Buyer Mike Ales-sis, Evergreen Park, 111. sheds amounted to 180,525 crate equivalents Thursday, compared to 129,150 a year'ago at the same time. The; market was to be open again today, for another test of Saturday marketing possibilities; Sales Friday saw the bids up about 25 cents above Thursday for good quality and size. Sixteen-quart crates yesterday moved at for medium to large berries, mostly with an occasional best up to The ripe, small or fair quality lots brought Eight-quart flats! medium td large, were mostly Receipts yesterday included 11,526 crates and 1,036 flats, for 12,562 crate equivalents. Seventeen day buyers were present and 168 grower loads were reported.

U-M Feels Malpractice Rate Pinch ANN ARBOR, Mich. (AP) -Medical malpractice insurance premiums at the University of Michigan will be JO times as expensive as in 1971-72, a university official said Friday. Wilbur K. Pierpont, vice president and chief financial officer, said U-M paid $237,000 for malpractice insurance five years ago. The new premium will be $2.5 million, Pierpont told the university regents.

Malpractice insurance is now between 4 and 5 per cent of the medical budget at the university, compared with 1 per cent four years ago, he said. A recent survey -of other hsopitals at Big Ten schools indicated the U-M medical malpractice premiums are comparable, Pierpont added. South Haven Hospital SOUTH HAVEN Patients admitted to South Haven Community hospital yesterday included Mrs. Chuck Blades, John Mrs. Nellie Yarbrough, Bangor; LeRoy Frazier, South Haven.

flilPim: piiiiiiiH Market Soars On A-Fuel By CHET CURRIER AP Business Writer NEW YORK (AP) The stock market, bogged down in profit taking and economic un-certainty since early May, got rolling again this past week with a sharp and broadly based -rally. The chief catalysts for the upsurge were evidence of easing inflation, renewed hopes for an improving economy, and talk from the White House of giving private industry a place in the production of nuclear fuel. The Dow Jones average of 30 industrials climbed 30.97 to 855.44, moving within hailing distance of its 1975 closing high of 858.73 on May 14. Standard Poor's 500-stock index advanced 2.09 to 92.61, and the New York Stock Exchange composite index was up 1.20 to 49.39. Advances overpowered declines 1,234 to 55 among the 2,027 issues changing hands on the NYSE.

Big Board volume picked up speed, averaging 19.88 million shares a day compared with 18.46 million the week before. The strong showing came despite some shock effects early in the week from Du Pont's forecast that its second-quarter earnings would be sharply lower than they were in the comparable period last year. As of midday Wednesday, the Dow showed a negative reading for the week before it began to pick up some forward momentum When it did, brokers found several reasons perhaps the most intriguing of which was the word from the White House that the Ford administration was considering proposing a bill to put future nuclear fuel production facilities In the hands of the private sector. The government would reportedly retain control of three existing facilities for enriching uranium, if the plan were enacted. By Friday morning, there were at least two other factors working for the market the government's report that the rise of consumer prices slowed in May, and a Conference Board group's report suggest-ing that a marked economic recovery was in prospect for the next 18 months.

In all, 305 Big Board stocks hit new 1975 highs, against only If new lows. Prominent on the new-high list were electric utilities. Brokers cited several reasons for the strength in the group, but a number noted that it seemed to benefit particularly from the idea of the stimulus to nuclear power generation that private enrichment of uranium would most likely represent. Southern the Big Board volume leader, rose to Duke Power 1 to 16; Florida Power Light 2 to 25; American Electric Power to 20, and Virginia Electric Power 1 to Du Pont shares gained 4 to 123, recovering from a sharp but temporary setback on the company's earnings forecast early in the week. A.E.

Staley Manufacturing, which called off a planned offering, was up 4 at 42. The American Stock Exchange's market-value index showed a 1.55 gain at 9,1.08. The Associated Press 60-stock average rose 7.0 to 278.5. DELEGATE: Mother Teresa Boyaxhui, one of the official delegates from Calcutta, India, is shown in her native costume at the International Women's Year Conference which opened Thursday in Mexico City with over 5,000 delegates from more than 100 countries. AP Wirephoto) Partly cloudy, warm with scattered thunderstorms tonight, low tonight mid 60s.

Partly cloudy and warm Sunday with widely scattered thuh-dershowers, high mid to upper 80s. Winds east to southeast five' to 15 miles per hour tonight, 11 1 y4a souineriy iu i ouuuay. Probability of precipitation, 40 per cent tonight, 20 per cent Sunday. WEATHER PICTURE The highest temperature in Michigan Friday was 89 at Grand Rapids. The lowest was 52 at Alpena.

The highest temperature one year ago in Detroit was 85. The low was 66. The highest temperature for this date in Detroit since 1872 was 96 in 1933. The lowest was 45 in 1940. The sun sets today at 9:13 p.m., rises Sunday at iSI a.m.

and sets Sunday at 9:13 p.m. The moon rises today at 727 p.m., sets Sunday at 5:02 a.m. and rises Sunday at 8:23 p.m. Highs and lows at selected sites: HighLow Alpena, clr 6s 52 Detroit, dr 83 65 Flint, pt cldy 81 65 CRapids, pt eld 89 63 Houghton, shwr 65 60. Houghton Lk, clr 79 58 Jackson, cldy 85 66 Lansing, pt cldy 85 67 Marquette, fog 74 6) Muskegon, cldy 85 65 Pellston, ckty 75 58 Saginaw, pt cldy 75 63 S.S.

Marie, cldy 75 57. Trverse Cry, pt cldy 82 62 CHAIRMAN: Sen. Roman Hruska, who is chairman of the 16-member Commission on Revision of the Federal Appellate Court System, briefs reporters on the panel's final report which was presented to President Ford at the White House Friday. The report proposed a National Court of Appeals to "bring greater clarity and stability to the national law." (AP Wirephoto) Crewman Killed In Ship Fall ALPENA.Mich (AP)-Alpena police said a 37-year-old crewman aboard a coal vessel in Lake Huron was killed Friday; night when be fell into the ship's hold, Authorities identified the victim as Ronald Belew of Alpena. Police said the coal vessel "John Kling" left the Huron Portland Cement Company dock in Alpena about 10 minutes before the accident occurred, YOUR WIFE'S AFFAIRS -(financial, that is) art mighty important wmm it (omts to getting maxhmmi tax udvuntoga from "marital (wducton.n for answers, cafl me.

927-1600. -'s- i AUSEDJ.OPA$,Jr. ISI-INapief Benton Harbor, Michigan Phoenix Mutual Picks oar braios. my Mm. Itf Jfcx JASO0 -fMAV job of the insurance agent.

POLICY OPTIONS Q. Why do financial advisors always tell widows to pot the life Insurance money Into securities? Why don't yon tell them to study their policy options first? A. I would assume that any life insurance company worth its salt would take time to advise the widow of income options are available before they turn over the check. POOR STOCK ANYWAY Q. Why did I nave to tan tat my shares of a radio stock at $9 when I paid $33.75 for it? I'm a senior citizen who had depended upon this stock.

A. You didn't have to tender your stock at price you paid, of course, now has absolutely no meaning. But I can't understand why you want to hold on either assuming you need income. Your stock is speculative and pays no dividend. MR.

SHULSKY welcomes written questions, but he will be able to provide answers only through the column. For information on mutual funds, please include a self-addressed, stamped envelope. Address your requests to Sam Shulsky, care of this newspaper. Watervliet Hospital 1 ADMISSIONS WATERVLIET Patients admitted to Watervliet Community hospital during the past 24 hours include: Watervliet Wendy Delaney, route 3, Box 387. Benton Harbor Charles Clark, route 2, Box 242.

Hartford Wallace Harmon, 212 Haywood street; Wesley Evans, P.O. Box 134; Mrs. Prentice Hill, 107 North Edwin street. Lawrence Susan Gendron, route 1, Box 215A. Lawyers Fear Malpractice Troubles, Too CHICAGO (AP) The American Bar Association has named a five-member committee to find a solution to rising malpractice insurance rates for lawyers.

"We aren't in a crisis situation like the doctors are, but lawyers are feeling increasing pressures," said ABA President James D. Fellers, who announced the appointments Friday. He said rising costs left unchecked could interfere with availabillity of legal services. we One person demanded examination and nine were sentenced yesterday in Berrien Fifth District court. Demanding examination was; Alonzo Sandusky, 22, De-' troit, on a charge of carrying a concealed weapon in an auto without a license June 19 in Benton township.

He was released 'on $2,000 personal recognizance bond. Sentenced were: Denise Carlson, 22, route 2, Pier road, Coloma, $50 for use of marijuana June 19 in Bridg-man. Richard Klatt, 24, of 1107 Lake boulevard, St. Joseph, $50 for the use of marijuana June 19 in Bridgman. Roosevelt Smith, 17, of 399 ADMISSIONS Patients admitted to.

hospital during the past 24 hours include: Benton Harbor Harry Woodring, 833 Edgecumbe; William D. Williams, 2229 Lawrence; Otto Krause, 1046 North Benton Center road; Mrs. James Coleman, 171 South Fair; Debra Ann Hill, 387 Urbandale; Mrs. LeRoy Halamka, 1535 Miami road; Peter Helnrich, 231 FJvern. Buchanan James Shoemaker, 817 Rynearson.

Hartford Elna Clauser, route Union Pier Amanda Smith, route 1, Box 281C. Watervliet Mrs. Donald Tackett, route 1, Box 874. KILLED BY BOMB TEL AVIV (AP) A young West Bank Arab accidentally blew himself up while handling an explosive charge in his Bethlehem home, the military command said. Mercy Hospital Loren D.

Krieger, 17, route 1, Three Oaks road, Sawyer, $60, for reckless driving June 14 in Three Oaks. Zlatko Zdravkovski, 20, Warren, $50 for driving while license suspended May 14 in Benton township. Memorial Hospital St. Joseph Frances Barmore, 2182 South Hanley road; Jean Gilbert, 125 Wayne street; De Estien Remus, 903 Napier avenue; Louis E. Speidel, 2229 Niles avenue; John R.

Thomas II, 603 Manitou road. Benton Harbor Charles L. Adams, 583 Heck court; Mandel Brown, co Pearson home, 2724 Territorial road; Curtis McKeon, Route 4, Box 1477; William M. Tisdel, 785 Buss. Bridgman John D.

Panutis, 3776 Stadium drive. Watervliet Cinnamon T. Buckley, 321 Main street, Box 469. -T BIRTHS Coloma A boy, weighing 6 pounds, 13 ounces, was born to Mr. and Mrs.

Ricky Davis, 7900 Hagar Shore road, at 10:59 a. m. Friday. Hartford A boy weighing 8 pounds, 9 ounces was born to Mr. and Mrs.

Vester E. Dublin, Viking River Mobile Home Park, Lot 5, 54th avenue, at 5:49 a. m. Friday. A boy weighing 8 pounds, 13 ounces, was born to Mr.

and Mrs. David B. Hadley, 502 East Main street, 9:25 a. m. Friday.

Three Oaks A boy, weighing 5 pounds, 9 ounces, was born to Mr. and Mrs. David A. Truhn, Route 2, Box 52M, at 11:42 a.m. Two Bodies Found In Lifeboat TAMPA, Fla.

(AP) The dehydrated bodies of what officials believe are two men have been discovered in a lifeboat adrift in the Gulf of Mexico. "It appears they had been out there for ages," said U.S. Customs official- Henry Conrad. "There was nothing left of them but a bag of bones." Police said the lifeboat was found Friday by a shrimp boat about 80 miles northwest of Mexicp's Yucatan Peninsula. The boat, bearing the name "Thislaine," was towed ashore.

Aboard the boat, police found French coins and two watches. One of the day-date watches had stopped on the 12th of the month and the other on the 13th, but Conrad said officers did not know in which month the watches had stopped. By SAM SHULSKY Q. I am a 23-year-old who wants to invest S1.M la both short-tad long-term growth. I'm relatively aninfarmed abort the market aid would appreciate whatever information yMcaa seid me.

I've heard of options and bonds, also. A. I'm sure you realize that you can't spread $1,000 among too many different issues unless, of course, you decide to speculate, by buying calls on stocks. For example: On the day your letter arrived A.T. T.

was selling for 4914. The purchase of 100 shares would cost around But if you believed Telephone would go above 50 any time before July 31, you could have bought a call on 100 shares for around $150. If Telephone climbed to 55 you would have gained $500 (less your original expenditure of $150). If, Telephone didn't cross the 50 mark you would lose your $150. That would be one way of spreading your $1,000 among six different stocks for a "play" of several weeks.

It could show you a whopping profit or wipe you out. If you want to play it "cozier" you would put the $1,000 into a sound growth stock to be held long-term perhaps years. When you get more money you would add more growth stocks. Bonds make no sense for you. NOT INSURANCE EXPERT Q.

I find that while about 31 million persons In the U.S. own stocks and bonds, there are 14S million who own life insurance. That's a rati of nearly to 1 in favor of life insurance. Why don't you devote more space to life insurance as an Investment? A. Because I am not an expert on life insurance and because I place so much emphasis on the need for life insurance for protection not necessarily investment that I want it "fitted" personally, in very much the same way a tailor fits a suit.

The preponderance of policy holders over securities investors is not only logical but necessary. I have often said that life insurance is an absolute ''must" for protection and comes ahead of any other form of "investment." Life insurance is the only method I know by which a young family man, fof example, can create protection for his wife and children immediately with the payment of the first premium. I have talked often of life policies, annuities, term insurance. But it would be foolhardy for me to "prescribe" life insurance without knowing a reader personally. That is the I MEETING OLD FRIENDS: Gene Tlpps pauses to talk with a former high school classmate, Mrs.

John Hogue and store owner Harley Covington Friday in downtown Seymour, Tex. Tipps, who was knocked out in a car accident eight years ago, recently woke up to find things' changed. (AP Wirephoto).