The Journal Times from Racine, Wisconsin • 16

Business the Journal Times, Friday, My 9, 1982 v. Racine, Wit. 4B amc predicts Bank flop scathes onions credit had uninsured deposits in the Oklahoma Alan Whitney, FDIC spokesman, said in-City bank. No dollar amount of the deposits stitutions with uninsured deposits "will was available. share in the liquidation proceeds on a pro The Wall Street Journal quoted unidenti- rata basis with the FDIC and general credi- the National Credit Union Share Insurance Fund.

"Although a number of credit unions have been seriously affected, the bank's WASHINGTON (AP) Roughly 170 credit unions and savings and loan associations had more than $100 million in uninsured deposits in the insolvent Penn Square Bank in Oklahoma, government officials and other sources said Thursday. IlninQiirpH HpnnciK will heonme a claim to hit 100,000 By The Associated Press American Motors Corp. predicts that in the first agajnst the bank's receivership, the Fed-year of production it will sell 100,000 Renault Alh- eral Deposit Insurance Corporation said, ance models. The bank collapsed Monday and was re- "We're not deluding ourselves. David J.

Van opened on Tuesday in receivership, as De- Peursem, AMCs general marketing manager, nosit Insurance National Bank of Oklahoma closing has not resulted in a single credit fied sources as saying one small in tors." union insolvency," Callahan said in a state- New Jersey and another in Florida may be ment Issued in Chicago. A copy was releas- insolvent as a result. no Wfly vet. he-said, of knowing ed here. Bob Moore, spokesman for the Federal "ow much tnose depositors will get back.

About a dozen of the credit unions With Home Loan Bank Board, which regulates Jerry Courson, director of the credit accounts insured by the credit union fund savings and loans, refused to comment on unlon administration's insurance depart- are believed to be seriously affected, ac- the report. ment in 30 interview that the credit cording to Wendell Sebastian, executive di- The Federal Deposit Insurance Corpora- with uninsured deposits in the bank rector of the credit union administration, tion Insured individual accounts up to Sn'7 have, sufficient reserves to ab- Mal Nestlerode, executive vice president 000 in the Penn Square Bank. tne "sses. of the National Association of Federal FDIC officals have estimated that $190' It was possible, he said, that some of the Credit Unions, said he expected most of million of the bank's $465 million in depo- cooperatives would have to seek help from those affected were large credit unions in' sits were uninsured. All insured deposits the credit unionnsurance fund, large cities.

He declined to give any names, were transferred to the Deposit Insurance The $174 8 milHon fund insures $58 2 bil- Jnformed sources, who asked not to be National Bank, set up the FDIC after ij0n in savings aitipproximately 17,000 named, Said roughly 20 savings and loans Penn Square was close Monday night. credit unions. i .1 T-l I io nilinrf 'L City. Edgar Callahan, head of the National bdiu llluiMldy. oc iuiuw iiic wuiiu la uui waning for one more small, fuel-efficient, comfortable front-wheel-drive car.

There's a tremendous amount of effort on the factory side and the dealer Credit Union Administration, said an estimated 150 credit unions across the nation side to sell 100,000 cars had about $106.3 million invested in the Formal introduction will be in September and Oklahoma City bank above the $100,000 the cars will be sent to dealers later this month limit for insured accounts. Of those credit unions, 122 are insured by Silver Over the counter AMC sold just 136,862 domestic models in the 1981 calendar year and 65,275 Jeep models and Renault units, according to Automotive News, a trade journal. The Alliance, assembled in Kenosha, is expected to get 35 to 40 miles per gallon. Van Peursem declined to discuss specific pricing plans. SILVERlA Chfcaoo Mid America 1,000 OSHA lets firm police itself ounces Jlly 84.00 per trey ounce; August S4.

16; September 4 October 84 25; December 48, February March SO; April 86.70; May July 90; October 17.20; December 17.30; Ask 23 21 N.A. 3' ISM Bid Marine Corp 22 Marshall II Corp 20V Pabst Brewing 2 Versa Tech; 15 previous day's volume, Wt contracts. GOLD Chicago MM America 33.2 troy ounces Auoust S32S.SO; per troy ounce; September 132 00; October 1334 00; December 1340 50; June Mutual funds 130.00; previous day's volume, 585 contracts. Armbruster gets post at Johnson Foreign exchange (Quoted American dollars) Bid Ask Affiliated Fund 7 00 7 55 Century Shares Trust 9 74 N.L- FWellty Fund 14 09 L. Investors Mutual 8 54 9 28 Investors Stock 17 53 19 05 Investors Variable Pay 7 29 7 93 Massachusetts Inv Tr 9 21 10 01 Massachusetts Growth.

10 00 10 78 Newton 17 24 NL. Nicholas Fund 15.46 L. Selected Am. Shares 72 L. Wisconsin Inc 3.22 L.

Canada That accounts for over 7 million work days." Andrews said there are 1,700 workers at the plants in Raritan, Trenton, Williamsville, N.Y., and Westwood, Mass. Under th6 agreement, Ortho Diagnostic, a division of Johnson Johnson that manufactures chemical products for blood analyses, will run its own OSHA programs, said Chester Fultz, a Labor Department spokesman. "The company will police itself," he said. "Rather than have OSHA go in jthere, they will be responsible for themselves." "It's the first company selected for this program," said Paul Williams, a Labor Department spokesman in Washington. He said the agreement is part of a new policy by the department to have "a more realistic approach to the obligations of employers to labor department laws." RARITAN, N.J.

(AP) An excellent safety record has won a chemical company an exemption from federal safety inspections under an agreement that's the first of its kind, officials say. Labor Secretary Raymond J. Donovan was scheduled to visit Ortho Diagnostics Systems Inc. today to announce the agreement between the company and his department's Occupational Safety and Health Administration. Robert Andrews, a spokesman for Ortho Diagnostics, said the company's four plants qualified for the new program because they have safety records at or below the national average of 3.9 days lost because of injury per 100 workers.

"Ortho Diagnostic is zero for the past four years," Andrews said. "No one has been out because of injury or accident at the four plants. Local interest Courtesy Robert Balrd Co. Inc. Quotations as of 10:30 am: July I July 7 Yr.

Ago 1.7117 1.7115 1.9147 .0001 .0001 .0002 .7711 .771 Mil 10142 I OUt 1.1455 0547 .0565 .0501 .0700 .0201 .0250 .0051 .005 .0100 .1153 .1151 .1305 .1435 .1432 .1729 .3964 .3975 .4095 .0142 .0145 .0161 .3602 .3601 .103 .1039 .1145 1.3745 1.3710 1.4915 .0402 .0406 .0655 .0007 .0007 .0008 .0039 .0039 .0044 .0219 .0219 .0406 .1562 .1562 .1647 ,0118 ,0156 ri .0039 0OS8 .0103 .1615 .1611 .1.4675 ,4633 4793 Austria Belgium Braill Denmark France Germany. Greece Holland India Ireland Israel Italy Japan Mexico Norway Portugal Saudi Arabia Swwion C. Johnson Son 1525 Howe said John R. Ambruster has been named a vice president and continues as controller and director of administration for Johnson Wax Associates a subsidiary. Johnson Wax Associates oversees Johnson owned corii-pjnies that manufacture and market products sold in leisure' time and out recreat ion markets.

lis Alley Int Am Motors A Bucyrus Cont. Emer. Evans First WIS Corp: Gn.Slg.Corp...... Gould Inc mart High ..21 'A 3' :24 ..18 Jetzer's varietsSoresfo Dollar, gold LONDON (API A sharp fall In U.S. Interest Lee john Armbruster moves ahead Jetzer's variety store will move from 1709 "Douglas Ave.

in the Flatiron business "district to rates sent the dollar 'tumbling today en jLevl Net Chno NC NC xt- NC NC NC ftC NC NC NC money markets, while gold prices climbed about Massey Last 21 3 25 13 25 .44 7 22 33' HI 17 23 -23 1 32 15 9 29 A. 22 13 24 18 14 40 16 31 19 22 Low 21 'A 3'4 25i 13 25 44 7 iJH) '-'23 tu 17 23 23 1 14 32 A. 22 '4 13 24 18 14V, 40 16 31 19 22 (10 an ounce Hinsman Realty 3001 Washington and real estate appraiser Leonard J. Montalbano of 5543 Gallant Fox Lane. Hinsman and Montalbano bought the building in November 1980 from The Prairie School Inc.

for Ambrtis Mattel inc Mattel Inc.tpfdl Modlne tn Tokyo, where trading ends before Eunice's 51. who joined in 1955. con- to William D. George execu- USl business day begins, the dollar closed the week at tinues to report report 257.15 yen, down from Thursday's close of 259 60 Rennord mis. vvavue jcitci UU3C uuauoim units uirj yen, but still 1.30 yen higher than a week earlier.

Ren (216pfd) tive vice for Johnson Wax Associates Schllti Brewtno A. Snap-on Tools Sta Rite Inc .....1346 Tenneco 24 Textron Inc 18 Twin Disc UVt Vulcan Mat 40 Wtcor Inc 161 Wis El Pow 31 Wis PSvc 1918 WisPwrtLt 22Vi other mid-morning dollar rates compared with late Thursday: 2.4960 West German marks, down from 2.5115 2 17 Swiss francs, down from 2 1382 6 9375 French francs, down from 6.9750 2.7535 Dutch guilders, down from 2 7705 1.397 SO Italian lire, down from 1,402 25 1 2847 Canadian dollars, down from 1.2876 The British pound was quoted at 11.7190, up from 81.7093. Traditionally the dollar rises as S. interest rates increase, making, the U.S. currency more business, said Jetzer's has leased 6,000 square iO.OOO, according to public records.

feet, or about half, of the space, in the Goold The 3,000 square-foot building at 1709 Douglas Street building Ave. in which Jetzer's operates now was sold in The store will open there Sunday, Aug. 1, she May by Benjamin Chapla for $57,500 to Mr. and said Mrs. Hamzi Aslani, who operate theParagon Res-Mrs.

Jetzer said the existing store, opened in taurant next door at 1707 Douglas Ave. 1966. will close at the end of the business day Sat- The Aslanis will expand their restaurant into urday. July 24. the building in a project Aslani said he expects to The Goold Street building has been empty since complete by mid-September.

the Piggly Wiggly store that occupied it closed in Part of the building will be used for offices and August 1979 It is owned bv Richard Hinsman of storage, Aslani said. Ford omits dividend DETROIT i AP' For the third straight quarter. Ford Motor Co. will not pay a quarterly dividend (Analysts said Thursday's decision will help Ford conserve cash and had been expected Ford, which has about 120 million shares outstanding, last paid a dividend of .30 cents a share for 1981s final quarter attractive to investors. On the gold markets, London's five major frim fiituroc lers fixed their recommended mld-momlno V-lldlll IUIUIC3 dealers fixed their recommended mid-momlng CHICAGO (AP) Futures trading Thursday on the Chicago Board of Trade: WHEAT S400 bu minimum; Oeileri ear swsRei.

Kk at wi an ounce, up rrom mursaay le rate of V3I3 2S In Zurich, bullion was quoted at S323.75 an ounce, up 810 Earlier In Hong Kong, gold rose 811.71 to close at 8323 91. Silver traded London at 16.17 an ounce, up from 85.945. Last ooen man low Bits of business 3.31vi 3.3414 33IVt 3.44 3 47vs 34314 .3 65 3.6vi 364VI 3 80 3 83V 3 78 Chg. 02 03' t-04 04 05 05 131 345 3 67 3 81 3 86 381 Livestock May 384 3 87W 83' Jul 3 78 3 82 3 78VI Paul C. Fischer has joined Western Publishing chief scientific officer.

Olivero previously was Electricians a. approve pact; end walkout based in England as Johnson's research and devel opment director for Europe, Africa and the Near East. He joined the company in 1959. Albert Speurt has been named manager of sales and marketing for Rexnord Hydraulique S.A. Co Inc 1220 Mound Ave as manager of sales merchandising for the consumer products division Fjscher joins Western, a subsidiary of Mattel after three years of operating a business called Paul Fischer Promotions at Wilmette, 111.

He is a former director of sales promotion at He-lene-Curtis Inc Chicago 0114 01' 02' D214 0314 04 MILWAUKEE (API Thursday's cattle mar-ket ioood to choice steers 4t 00-64 00, good to choicihelters good Holsteln steers 52 OO-U 00; standard to low 45 00-51 00, good dairy heifers 44 00-49 00; utility cows 41 00-44 00, canners and cutters 37.00-41 00, commercial built 47 00-50 00, common 44.00-46.00. Thursday's calf market: choice calves 70 00-80 00; good calves 80 00-70 00; feeder bulls 80.00-100 00; feeder betters 80 00-110 00 Thursday's hog market: light butchers St 50-60 00; heavy butchers 53 00-56 50; light tows SO 00- 53 00; heavy sows 51 00-54 00, boars 48 00 and lamb market. Friday's estimated receipts. 50 cattle, 10 calves, 10 hogs and no sheep. Prev.

sales 31,319. Prev day's open int 46,881, up 2,741 CORN 808 bv minimum; Dollars per bushel. Jul 263IA 2 64'A 2 2 64 Sep 2 62 2 43 2 61 2 624 Dec. 2 62 2 44 2.61U 2 63v Mar 2 76'A 2 78V 2 75i 2 77 May 2 85 2 87 2 8314 2 86 Jul 2 88 2 2 2.88VI 2 82 Prev. sales 40,032 Prev dey's open int 108,807, up 114.

OATS MOO bu mini mem; DaHan per bushel. Jul 18 llv 18814 l1v 1.74 1 76V4 1 73 1 75H Dec 1.78 1 7W4 I 7644 1.7v Mar 180 HI' l.7vt I 61 'A May 180vi 181 180 1.81 Prev. sales 1,547. Prev day's open int 8.848, up 5 SOYBCANS MM bu minimum; Houuies, ranee, a manufacturing and marketing unit of Rexnord Racine-based Fluid Power Members of Racine Local 430 of the Internation- division. Speurt joined Rexnord Hydraulique in al Brotherhood of Electrical Workers returned to May from Sperry Vickers in France.

their jobs today after mediated negotiations Marshall Usley Corp Milwaukee, a 26-bank Thursday that produced a new one-year contract, holding company, said Thursday it has agreed to ending a strike that began June 21. acquire Central Bank Trust of Marshfield, sub- The settlement raises pay and fringe benefits a Western also announced the appointment of Robert L. Turnholt as production manager for book, activity and coin products in the operations segment ot the consumer products division Turn-holt, who was Droduction administration manaeer. 0214 03' 034 03' 02 vj Eggs succeeds Eugene R. Andersen, who retired He to approval by the Federal Reserve Board, CHICAGO (AP) The Wisconsin ego market Dollars per bushel, 6 164k 6 IJVJ joined Western in 1966 otner governmental agencies and Central share- Johnson Son Inc said Robert E.

Olivero holders. The acquisition, which would be made for has been named director of operations and strate- an undisclosed amount of stock, would give Mar- Thursday was cautiously steady Supplies were fully adequate to ample and demand was good. Prices: grede A large 65-64, medium 54-57 4 14 4 16 4 It shall Ilsley its first bank in north central Jul 413 Aug 6 13 Sep. 6 10 Nov 6 13 Jan 6 28 Mar 6 44 May. 6 57 Jut 471 05 07 11 11 .11 10 10 .10 6 12 60' 6 10 62514 641 6 55 446 6.1714 4 17 620 6 34W 6 50 664 475 Cash grain gic planning for research and development, reporting to Donald A.

Buyske, Johnson's senior vice president for research and development and Wisconsin Central reported assets of 163,672,000 on June 30. 4 1 434 4 50 6 63 6 74 4 78 CHICAGO (AP) Wheat No 21ard red win total of $1.05 an hour, or 5 9 percent, in two steps r- 70 cents an hour now and 35 on Jan. 1. The contract expires next year at the end of May. Under the old which ran out June 1, Local 430 members were paid a total of $17.64 and hour in wages and fringes, including a base wage of $16.45.

Local 430 has about 150 active members, including about 50 who are on layoff. The talks Thursday between Local 430 and the Racine Electrical Contractors Association that produced the settlement opened at 9 a m. and concluded at 4:30 p.m., said Ronald Sweet, the participating federal mediator. Aug ter Friday 3 4n, No 2 soft red winter 3 4vn; Corn No 2 yellow 2 73n Oats No 2 heavy 2 02n Soybeans No I yellow 6 27n No 2 yellow corn Thursday was quoted al 2 7l'n Prev sales 57,15 Prev day's open int 73.720. otl 1,753 Schlitz strike accord reached CHICAGO 'APi A tentative agreement has ne of the key issues resolved in the negotia-been reached that would settle a 24-dav strike bv tl0ns was 'he question of protection of the employ-emplwees of -Stroll Brewery Co Jos Schlitz of any plant that may be sold during the life of the agreement," Klare said Brewing Co subsidiary at five breweries Consumer debt rises' WASHINGTON (AP) Americans took on $14 billion more in installment debt than they paid off in May for the largest increase in eight months, the government said, but it was still a modest gain in comparison to pre-recession totals.

Robert Ortner. the Commerce Department's chief economist, called Thursday's report en- Council to shut doors MINNEAPOLIS (API -The Upper Midwest Council, a research organization formed to study economic issues facing Upperi Midwest states, is This became an important issue because midstream in the negotiations with Schlitz. the company was acquired by the Stroh Brewery Co. of Klare noted, "and the acquisition had a condition set by the antitrust division of the Department of Justice that in a 12-month period Charles KUre secretary-treasurer of the Teamsters union's brewery conference said the agreement is subject to ratification by the 2.000 union members who would be covered by it He said the settlement proposal would be mailed to the members and that details of the being dissolved, a member of the council's board but noted that unemployment remained high in June and that auto sales fell sharply after pact would not be disclosed until the workers have a(ter acquisition they sell one of two plants in the of directors confirmed Thursdays area received their copies This was a key issue that arose during the ne-' gotiations. The settlement meets- the problems created by those conditions The breVenes are in Tampa.

Fla Longview. Texas. Memphis. Tenn Winston-Salem. and Los Angeles neiping pusn tne consumer credit figures higher in The May increase in outstanding installment debt a gain at an annual rate of 5 percent was the largest since the $29 billion of last Siptember.

Gains of $2 billion and more had been common before the recession began last summer, Retail sales decline in June "The support from the broader business and financial community was dwindling," said Robert Bigwood, a board member and president of Otter Tail Power Co in Fergus Falls. "It comes to a point where you have to ask yourself if an organization needs to continue being." The council, a non-prqfit organization, was formed in 1959 to study economic issues facing Minnesota. North and South Dakota. Montana, Michigan, Wisconsin. Iowa and Nebraska The council had five employees, who did research and wrote on various topics related to the economy.

Last February. Steve Alnes announced he was resigning as the council's executive director because he was unable to generate enough new income to make the organization a more effective regional "think tank The council initially was financed through a Ford Foundation grant, but later relied on corporate contributions Its 1981 operating budget of $210,000 came from contributions from about 345 corporations. 099 Ucjal NoticRS 1st pub June II, 16, 16. 25 July 2. 8 I STATE OF WISCONSIN CIRCUIT COURT RACINE COUNTY NOTICE OF FORECLOSURE SALE UNION SAVINGS ANO LOAN ASSOCIATION, Wis consin corporation.

Plaintiff, VS WILLIAM M. WELLS. BEN WELLS, end MARY A WELLS, his wlte; FIRST WISCONSIN BANK OF RACINE. WISCONSIN DEPARTMENT OF INDUSTRY, LABOR HUMAN RELATIONS; AA STORE FIXTURES CO INC STATE OF WISCONSIN, THE DERSE CO INC SAM MAGLIO. MAG-LIO 8, CO RACINE COUNTY, UNITED STATES OF AMERICA, COMMERCIAL UNION INSURANCE CO MOORE BUSINESS FORMS.

INC FEIN BROS INC MUELLER BROS FOOO SERVICE CORP VINCENT NOVAK, 1 MEATS. INC JOSEPH SMALL. INC. ARROW HEATING 1 AIR CONDITIONING NORTH SIDE BANK. UNITv ED AMERICAN FOOO PROCESSORS and EMPIRE FISH CO.

Defendants Case No 61 CV 10 PLEASE TAKE NOTICE mat by virtue of Judgment of Foreclosure and Sale en. fered the ebove entitled ection on the 1st oey of June 18) the undersigned Sheriff of Racine County anil sett el Puouc auction mi the lobby of the Recine County Law Enforcement Center. 717 Wisconsin Avenue, Mve City ot Recine. Recme County, Wisconsin, oe the 27th day of July 182. et 8 00 clock in the forenoon ef setd dev.

the reef estate end mertgeeO" directed bv eid iug-meet to be sotd, end therein described as follows Lot 8. Block 2. tlmwoed No 8. according te the recorded eiaf thereof Shj 'end bong tne vmeo ot E'mweod Per. Recine County Wisconsin STREET ADDRESS Elm Tree Court.

Recine. w-sconsm TERMS CSH Oatd th.s Ottt dey et Juwe, t81 Robert L. Rcmner Brown Block. Rieoeimen Kruef 1 1 71 Le Avenue Recme Wiscensm 8101 Attorneys lor Piemtrtt modest 0 2 percent gain; No. 4 F.W.

Woolworth Co said its sales rose 2 6 percent, and No 5 Federated Department Stores Inc. reported a 6 3 percent increase. Mobil Corp Montgomery Ward Co the sixth largest retailer, said sales fell 1 4 percent Dayton Hudson Corp posted an 114 percent sales gain, thanks to strong showings from its Target discount stores and its Mervyn's chain, which handles apparel and other soft goods. Zayre Corp said its June sales were up 12 percent Inflation in the retail industry is estimated at 4 percent NEW YORK i AP' Summer started sluggishly for the major retailers, with three of the largest chains reporting sales declines in June Thursday's sales reports caused little surprise among analysts who said the recession and high interest rates still were keeping consumers away from the stores Analysts said a pickup in sales in May had been an aberration, benefiting from business that otherwise would have taken place in snowy April Sears. Roebuck Co the largest general merchandise retailer, said sales fell 1 percent in June from the same month a year ago 2 mart Corp said its sales slid 1 2 percent Penney Co the No 3 retailer, reported a 099 Legal Notices 1st Pub June IS i).

July 2. STATE OF WISCONSIN CIRCU'TCOURT RACINE COUNTY SUMmONJ SOUTHEASTERN SAVINGS ASSOCIATION Witcont.n corporotton. -vs- ROBERT EL AM, jR end WAOlE 8 ELAV RAY RASMUSSEN PLUMBING INC end STATE OF WISCONSIN. Dependents Celt No 82 CV-osee THE STATE OF I SCON SIN To UK) Defendant YOU ARE HEREBY SUMMONED end required to serve upon FETEK GRAO-V, tfeintift ettornevs. otiose eddrett is 180 Doubles Avenue.

Recme. wcon-sm, demand for copy of the complaint vrithtn lorfy (401 dart after tne Kh dev et June. 182. exclusive ot ne dete tvti tieied. end cese of your failure so to do lude ment will be rendered onst you according te tne demend of tn complaint.

FETEK 8, GRAOY SC Attorneys for Plaintiff By jemet Fete PO ADR ESS 188 Oouoiet Avenue Recme w.vconsm SM04 14141 til ll Tne ermine! Summon end Comotemt me OOJOve enn-tied ectmn 4 on (. wtn me Cwrk et C-rcme Cotnt pt Rw Recine County Cowrtnev Iran makes waves at OPEC 099 Lgl olios 111 pub Ju'v 16 TiTjl JO ufl 6 13 STATE Of WISCONSIN circuit court racine countv NOTtCE OF FORECLOSURE SALE TMORP FINANCE CORPORATION PleinliH VS JAVES A HUGHES. JUDITH A HUGHES end PlGGLV WIGGLV SUPER market, domestic corpo-refoa Determents Cese No 17 CV 001 PLEASE TAKE NOTICE. The bv virtue ot iwdomeot ot foreclosure aao seie entered in tne ebove entitled ectM en Mercn l. itg, tne stndersiened Snerilt Re-cme Cewntv, Wisconsin, will sett et public euchon tne, Mam lose.

RecHte Couniv. Lew Enforcement Center HI evtscensm Ave Recme. Stete ot Wisconsin, on September 1. It03 et 10 00 cock tn the forenoon of met dev. tne reel esieie end mortojoed erenxses directed bv -se-d tvooment to wd end tnerei Kxv Lot IS Slock 51 Rec.ne Lend end Improvement Com-penv No 1 ec cording to tfkf recorded pief mereof Sed lend be.nf tne Of et Recne.

Recme Cowntv Aftrtronvn AdCKesS Ot Property I'M Fiett Ave. Recme net Terms of Sole Cash Deted tuts 1st eev Jwhr. 183 Robert Rexner Sneritt Recme County stftscensm Gv 4 Ntt iC ev-scenem Aw 6nnetee. mi UaW All gest oil exporter, and Iraq. Ayatollah Ruhollah Khomeini's enemy in the 22-month-old Persian WASHINGTON 1AP1 The interest rate on tax Gulf war rejected the idea that Iran be allowed to exempt all-savers certificates will rise to 9 99 per exceed its production quota cent lor new oeposits Beginning next week, the VIENNA 'AP' Iran set a collision course with Iraq and Saudi Arabia tooay over the Khomeini regime's demand to iwrease its oil production quota One OPEC member said something has to give 'If we are going to remain at 17 5 'million barrels a day.

we're going to have to reallocate some quotas." Venezuelan Oil Minister Humberto Palderon Berti told reporters after an initial ireasury said Thursday The rate for the past month 9 85 percent We oppose it flatly." said Iraqi Oil Minister Kasim Hassan Taqi Our aim and aspiration is for all member countries to achieve their agreed-upon quotas will continue through Saturday. The new rate, effective Sunday, will cover one-year certificates issued by financial institutions through Aug 7. Shortly after arriving for todav's meeting. Ira- three-hour session All savers interest is limited to 70 percent of More emereencv meetings were planned for man Oil Minister Mohammed Griarazi said Iran the average annual investment yield on one-vear Recme Couety. ib caomv tvM.

later in the dav attempts to maintain the cetl- would not abide by its production limit of 12 mil- Treasury bills, which are auctioned every four mg of 17 5 million barrels a day set by the Organi- lwn barrels a day. and would press for a higher eeks zatwn of Petroleum Exporting Countries to pro- quota That yield, as determined in Thursday's auc- tect the $34 benchmark price Iran ts already violating its quota pledge by pro- twn, was 14 27 percent, up from the 14 07 percent. Delegates from Saudi Arabia, the world's big- ducmg about 2 2 million barrels daily. of the June 10 twxvm.