The Journal Times from Racine, Wisconsin • 21

jfM i -a the journal Times, Friday, Fab. 10, 1971 Kkim, Wli. 7D Zayre names Stocks Commodities Local Interest Livestock Jeooeco oeff up 23 (Cwrtny Raka W. Mr Co, Inc.) MILWAUKU (AM CMtM market cteaed Mr, aayf fM) Ii aaai I choice tteert 41 tMI new chief exec 41.W-41.Ml flMd HMlHra IH lt HC 4V 4V 41 MV MM '1 if im JO MVi MM Itaarl W-41 Irtxd" lew Oae tear and IteHerl l4.W-17.Nl rHlry ert M.W-M.Wl tllrr cm 0M4 Mj eunm anal cttr Jt.W-ll.Wi cm-mtrcM kvtli M.N-W.NJ C4mmMi Can. Cm.

vem nm wu Cm, 1M lilt 4V ..1 1 11M IIYl Ml II t4 MV II. IIX hilly itMityi 4C4) cry l4.W-7i.Wi iMdar kull calvn 4 Ml 14 Mi W40.MJ fMdW IwHW WlVM H.W- 44 I Kar.oarp.M, rvi fi Meiaey 71.W. Hfi Thurrty'l inirM tHxty Nl MfMri HfMwtriM kvlciv rl 4.W-W.M kMVV IwtcMrt 44 W-44 lloM mi MI.OOi fwayy Ml H.W-lt.Ni bMrt n.W m. tllmtnd rtoipn H-r Hdayi cam, calvw, IN Mft, ihM. -J Zayf a family-run discount department itore chain at Framlngham, has gone outside the Feldberg family In naming a new president and chief executive officer.

Maurice Segall, 48, was also named to Zayre'i board and to vthe executive committee. Segall, currently executive vice president of American Express assumes the posts Feb. As president and chief executive, he replace Stanley H. Feldberg, 54. Feldberg will become chairman of the executive committee, replacing Milton Levy, who continues as sen- 7kr vice president and a director.

Sumner L. Feldberg, 54, continues as chairman. Segall'i appointment brings the number of directors to 13 and the number of executive committee members to six. VZaVfft Ktnrk la tvrrpnt nwnH ap rruntmUaji hA D.Mkam 4V HC NC NC NC IVt NC HC NC NC Vt NC W. Vk NC NC 1 MadlM ttnmrt M4a RwnMd Inc.

acMIti II lt liH ll'l im 511 ll 14M Hit UVt IJH Hit It JlVt llbtj 844 IK MVt It1 ltv Potatoes America) $45.5 million, down from $55.8 million. Agriculture-land management $20.2 million, down from $28 million. In a speech to securities analysts in Los Angeles Thursday, Tenneco's presi-' dent, James L. Ketelsen, noted that while all of the company's divisions have grown during the last five years, Tenneco Oil gains have been the most spectacular. Ketelsen, a former president of J.I.

Case, said Tenneco Oil's production last year was up 10 percent from 1972 while U.S. oil industry production was down 13 percent in the same span. In addition, be noted, Tenneco's natural gas production rose 45 percent over the five years even though the Industry's output declined 11 percent. "Our aggressive capital Investments have been a major factor in the growth of Tenneco Oil Ketelsen said. He added that Tenneco capital budget for this year will be $900 million, "and agalrt, tenneco Oil Co.

will receive more than half a figure approaching a half billion dollars." them had higher profits than in 1976. Profits were down at the other three divisions automotive parts (Walker Manufacturing), packaging (Packaging Corp. of America, which has a plant at Burlington), and agriculture-land management. Tenneco does not publicly report net earnings figures for Its Individual divisions, but released these full-year fig- ures on operating profits before taxes and Interest: Construction and farm equipment (J.I. Case) $110.9 million in 1977, up from $104.4 million In 1976.

Oil (Tenneco Oil Co.) $388.9 million, up from $293.8 million In 1976. Natural gas pipelines $289.2 million, up from $255.3 million. Chemicals $52 million, up from $50.2 million. Shipbuilding (Newport News Shipbuilding) $50 million, up from $40.5 million. Automotive parts (Walker Manufacturing, Monroe Auto Equipment) $71.9 million, down from $76.5 million.

Packaging (Packaging Corp. of Tenneco which owns the J.I. Case and Walker Manufacturing companies here, reported fourth-quarter net earnings of $118,600,000, up 29 percent from $82,000,000 In the year-earlier quarter. On a per-share, fully-diluted basis, earnings rose 28 percent, to $1.14 from 89 cents. Operating revenues rose 10 percent, to $1,926,400,000 from $1,744,200,000.

For the year, Tenneco reported n-i cord earnings of $426,900,000, up 10 percent from $388,800,000 in 1876. On a per-share, fully-diluted basis, the year's earnings rose 9 percent, to $4.11 from $3.78. Operating revenues rose 12 to a record $7,440,330,000 from Tenneco said the figures from 1976 were restated to reflect last July's acquisition of Monroe Auto Equipment Co. on a pooling-of-interests accounting basis. Wilton E.

Scott, Tenneco's chairman and chief executive, said the company's eight major operating divisions all were profitable In. 1977, and that five of fuinmi I ftltnAl TwHl Vulcan Maf. WU II rHw. WH JC WU FW family, which holds five of the 12 present board seats and Over the COUflter U.I. IA TDuriday hi 1W Ik.

uckli Wrt-nntln Raund RmH 1 HMDOi wlKamld Daund Wtiltat UHNi WlKamln rut-Mti 4 Caiarada Rutwtt I.S-i.7l( Caiarada rad McClwrai 4.IW Mi Mlnnatata-Narlk Oakata Hautid Ratft l.t-1.40j tb. cartami Plarida raund radt 4.0O-4.M) Idaha raiMri 10 Malna round whim 1.N-I.41) wuhlr tan rutwtf IO.N-ll.Mi Oraaan rutiah It.M-II.Mi MInwmM Nartk Dakaia rvuatt MJ. Id Atk rrk .....11 I4V 1J 40K Marihall IL wwi ui me ClgllL U1IIIC1 (A319, KA- Segall, the Wall Street Journal said today, asserted that he was contacted for the Zayre Job by an executive search firm because the Feldbergs "wanted to bring in new blood, and I vjiave the reputation of being a professional manager. CVi UVk map tmi Ma KIN iMHMtriat I5 Varu "TWWI BDlrl IKai, Uianlcul In MAMn Eggs Mutual Funds CHICAOO (API Mldwail ago prlct ouiu in-j nwim a-c vai mugs uiunuCi Zayre's earnings in fiscal 1977 were $11.1 million or $2.21 a share on sales of $1.16 billion, compared with $832,000 or 14 Stents a share on sales of $1.05 billion in fiscal 1975, the com- pany's low point of recent years. The Zayre chain Includes wo Racine stores, at 4101 Durand Ave.

and 2210 Rapids Drive. AffMttttd Invtittrt MuhMl Invvttart SMclt Invtttwi Varlablt Pay Atk 7.51 I.M 1 14 HOt 1.01 LSI "54 NL. 17.17 NL. a 70 L. 4tl N.L.

raparl-whMauM buying prkat Thwv day unchanuad la 4 hlgrnri Clan I-larva Clau Marga Slj madlumi Hi tmalli I7 natt-run braaklns ttack 17 chackt N. Gold quotes Thuridayj paid prtcat (kl U.S. dot. Nkhotai find Salactad Am. Wltcmla i par iroy auncau Lanoan, arrarnaan Silver, gold futures Toro suit names Jacobsen filing, lin.il, dawn ll.Ui Parli, afMr- IILVf CMcaaa MM Amartck naan markal qwatafian.

1171.21, dawn Il.tOi Prankturt, clatad, I171J4, dawn II. Mi Zurich, 71.M kid, dawn M.Wi Naw York, I17J45, dawn II.U. lMM awncat Paoruary 414.10c par tray awncai April 4tl.40ci Juna 44.40ci Augutl M4.W. Iitlnvatad ulai, t72 con- 3ir win pay $700,000 penalty tractv OOLO Cnkaoa MM Amarlc 1 klla March jlrt.lO, May II74.M. Iv tlmatad Wlaii I cantracn.

Graifl lUtUreS CHICAGO (AR) Puturai tradlm a- p. an ma CMcaga Baard at TraM Thurt JS? High La. Ow. (QMtad In Amarkan cariH) WH1AT (1,000 bul 4. The Federal Trade Commission an- WASHINGTON (AP) lum Industries Pittsburgh, is incorporated in Delaware.

Toro said it is seeking treble damages and 'an injunction barring Jacobsen from any further infringement in the manufacture and sale of snow removal equipment. No figures were given. John' J. Cantu, Toro's president, said Toro introduced its Raclne-based Jacobsen Manufacturing Co. said today it will defend Itself "vigorously" against a patent suit brought by Its chief competitor, Toro Minneapolis.

The suit involves a new Jacobsen snow thrower. Toro announced Thursday it has started the suit In Delaware federal court. Jacobsen, a division of Allegheny Lud- FT raoi Tr. oa ur l. lit 1.44V, in.n 1W.40 Snow Pup snow thrower in 1960 and developed It into what he called the "finest" single stage snow thrower on the market.

"It as at this stage," he said, "that Jacobsen is preparing to enter the market with a machine so similar we consider the infringement of our patents as blatant." Jacobsen said today it introduced its new machine, a lightweight, single-stage snow-thrower called the Sno- Burst, to a group of the company's distributors last week. "In our opinion," Jacobsen said, "the product does not infringe on the Toro patents. We also firmly believe that the Toro patents have no validity. We will defend our position vigorously." Toro, a Minnesota corporation, said it is the nation's leading independent producer of turf and yard maintenance machines. ngland Da, bk nit Canada Arganttna Batgluni Bralll Danmark 177.71 to.a I.M 1.05 7.N 17.50 Franca M41 W.

Garmany 47.41 Kl-S lv "'l tnvt 1.744, Sap 2.7tH t.W J.Tt 2 Dac J.17'1 a.M'l J.MW Mar J.t4J in 2.I4V1 CORN (510 bu) W-JJ Mar 2.M J.M 5-M May tMMi IH" tMk jui taw lit sap imvi Dac 1J7 J.MW 12T Mar. IM 1Hi IM 5 OATS im bu) l.M Uiw l.am May I.H l.M 1-MVk I.M 25 Sap 1.17 l. 1.37 W' MIMi India ll.Jt 177.71 tO.M 1.01 1.04 7.M 17.51 20.12 47.41 lUt .12 A 4.40 lt.53 141 1.24 21.12 51.07 Italy Japan Maxlca tNarway .11 .41 4.40 lt.4t 1.41 1.24 Spain 21.41 Swadan nuuiiteu inursaay uiai me aii- ujrp. nas agreea 10 pay a $500,000 penalty for allegedly false advertising plus $200,000 for ads telling of the settlement. V.

The settlement ended a case which the FTC accused the Company of falsely claiming that STP Oil Treatment reduced i oil consumption by 20 percent in certain road tests of motor "vehicles. 5. The commission said the tests did not show that reduction viand "STP had no reliable proof that the product reduces oil consumption," i. The FTC also charged that STP falsely advertised that tests showed Its Double Oil Filter to be superior to five other V'Oil filters. The company, based in Fort Lauderdale, Fla.

said the settlement "does not constitute an admission by STP irthat the law has been violated." It said it signed the agree-f merit to avoid long and expensive litigation in a federal suit Ceiled in New York. The STP agreement to pay $200,000 to publish newspaper magazine notices on the settlement is the first such in a Civil penalty case, the FTC said. STP says It is pursuing a different advertising program. I. Swltiarland S1.02 Snap-on earnings up 56 Snap-on Tools Kenosha, reported fourth-quarter earnings of $5,888,264 or 60 cents a share, up 56.8 percent from $3,755,172 Or 38 cents a share in the year-earlier quarter.

Earnings in the year-earlier quarter were hurt by a five-week strike at the Kenosha plant and by foreign currency devaluations, Snap-on noted. Sales rose 20.8 percent, to $64,266,869 from $53,186,077. For the year, Snap-on reported earnings of $22,264,751 or $2.28 a share, up 16.5 percent from $19,108,638 or $1.96 a share in 1976. Sales rose 19.9 percent, to $254,383,189 from $212,169,968. 80 at Pabst walk off jobs MILWAUKEE (AP) An undisclosed number of workers at the Pabst Brewing Co.

walked off their jobs early today, apparently to protest plans to bring In new equipment which they said would mean a loss of jobs. Representatives of Brewery Workers Local 9 began discussions with company officials today in the plant cafeteria. Pabst officials would not comment. Union spokesmen were unavailable. Fire destroys roof truss plant FOND DU LAC (AP) A large metal building used by the Sterling Custom Homes Co.

to manufacture roof trusses was destroyed by fire Thursday. Earl Hunt, president of the firm, said damage would run into the hundreds of thousands of dollars. pAMC will sus pend output next week at three plants IRA Deadline Extended. You can contribute to your 1977 IRA account until Feb. 14, at Heritage.

from the Kenosha passenger-car plants. Jeep vehicles, Northard said, have been piling up outside the Toledo plant, kept from being delivered because railroad cars have been unavailable since the blizzards. The one-week AMC passenger car shutdown, along with closings by Chrysler Corp. and Ford Motors will idle at least 27,700 hourly auto workers next week. General Motors meanwhile, expects all Its plant to be operating.

About 8,500 workers will be Idled for the next two weeks at Chrysler's Hamtramck, Mich, assembly plant, which will close down because of high inventories of Plymouth Volare and Dodge Aspen cars. Closed for a second straight week because of high invento-' ries will be Chrysler's assembly plants In Newark, and St. Louis, affecting 10,400 workers. Ford said a strike-caused parts shortage will force the shutdown next week of the passenger car assembly line at its Louisville, Ky. plant, which builds Ford LTDs.

mm? vr- Amertcan Motors Corp. will suspend auto production at all three of its passenger car plants for a week starting Monday because of high inventories of unsold cars and lingering weather problems. The suspension will temporarily idle about 6,200 workers 4,500 in the Kenosha assembly and body operations, 600 at the body plant, and 1,100 at the assembly plant in -Brampton, Ont Kenosha builds all four AMC models the Pacer, Grem-iin, Matador and Concord. The Milwaukee plant produces for Matadors. Brampton assembles the Concord.

'V Shrinking sales have caused AMC to suspend production periodically for months, usually of Pacers, Gremlins or Matadors, and late in January the company stashed the combined "daily production rate of Pacers and Matadors to 170 from 380. i Next week will be the first time in the 1978 model year the company has shut down all Its car-building operations at -once. At AMC's annual meeting Feb. 1, Gerald Meyers, the. company's president and chief executive, bad said the reduced Matador-Pacer production rate would cancel the need for any Jnore shutdowns or layoffs.

"He was pre-empted by the weather," one AMC official jjsaid Thursday. Heavy inventories of cars grew larger when sales were 'Hurt by the late-January blizzards in the East and Midwest, -laid Lloyd Northard of AMC's public relations department. Northard said the week-long shutdown was partly necessitated by plans to divert more than 100 auto-carrier trucks to 'iMC's' plant at Toledo, Ohio, whichassembles the fast-selling 'Jeep vehicle line. trucks are normally used to transport completed cars 'v dividual Retirement Account that helps you save today, while providing for your own and your family's financial security tomorrow. You'll be surprised at how fast your money grows.

Visit or call the Heritage Bank and ask AMC recalls most 76s DETROIT (AP) American Motors Corp. says it is voluntarily recalling more than half the cars it sold in the 1876 model year because a defect in the emission control system could Increase tailpipe emissions. Some 157,500 Gremlins, Hornets, Pacers and Matadors or all 1876 cars equipped with the 258-cublc-inch, six-cylinder engine could contain the defect, AMC said Thursday. The company said the joint of a sensing tube in the exhaust gas recirculation, system might be broken. Engine performance would not be noticeably affected, AMC said.

Any broken sensors will be replaced by AMC dealers free of charge. Tr Corrections- Provide for your family's financial future and your own with a personal tax sheltered IRA. An Individual Retirement Account (IRA) is a personal tax-sheltered retirement plan for those not covered by other plans. Open an IRA as you would a savings Then every year add as much as you like to the account, up to 15 of your annual earned income (but not more than $1,500 a year or $1,750 if your spouse is not employed). All contributions and compounded earnings are tax-free until retirement.

If you're not currently participating in a retirement plan, the Heritage Banks have a 7 In WITHOUT TAX AT THE WITH SHELTERED TAX END OF IRA PLAN SAVINGS 5 yrs. $9,519 6,730 2,789 lOyrs. 23,544 15,756 7,788 15 yrs. 44.206 27,858 16,348 20 yrs. 74,646 44,088 30,558 25 yrs.

119,491 65,850 53,641 30 yrs. 185,558 95,032 90,526 Slarimoaj age 3S and based on income ta bracket wuh a yearly contribution ol i 500 OO at the 7 rate, comoounded daily on a 365 day baan. 3-year maturity There a autntantial penalty it you withdraw prior to maturity on all limed deposits yin a Sunday market page story, the Journal Times mls-ielled the name of the architectural firm which designed the lange Pharmacy building. The correct name of the firm is Architectural Associates Ltd. of Wisconsin.

vv V'A headline in a Thursday market page story erroneously described Stephen M. Haughey as a former savings and loan official. Haughey is former president of Suburban Trust Savings Bank in Oak Park, 111. Union wins at Firestone General servicemen and brake mechanics at the Firestone store at 4920 Washington Ave. voted 4-0 this morning jn favor of representation by a labor union, Teamsters Local 43.

Five employes were eligible to vote. Voting was supervised by the Milwaukee office of the National Labor Relations Board. rz Tht Scandinavian Furniture Stert with SptKial Savingtl Loom 2. ZHeritflot' Banks SELLING PIZZAS Prom MAK Foech, Racing ei. Sotnogo A Choanal Mon.

thru Sat. 9 to 5 632-7763 Wind Point 4001 North Main Street Three Mile Road and North Main Phone 639-6010 Mt. Pleasant 5901 Durand Avenue Highway 11 lusteast of Highway 31 Ptione 554-6500 Racine 5220 Washington Avenue Located at Washington Square Phone 637-9101 DIRECTIONS Take Rapids Drive to the 3100 block, turn North on Golf Ave. on Wolff St. (Check the map in your yellow poget.) OoNvory Datg Mrt-, roe.

II EASTERLIES, MUMS AND TULIPS from Orgoo Thumb, Union Grovo S.0O Mlvoiv Mar. II 25 Ordor from a or cad 681-0976 OR 639-4995 MONDAY-THURSDAY FRIDAY 800-e OO SATURDAY 'Df ive-ln opens at 7:00 a.m. Member. F.D.I.C. 3000 Wolff St.

53404 (Near HoHlck Racine Airport).