The Los Angeles Times from Los Angeles, California • 46

ii 1,1963 Market Basket, Kroger Chain Finish Merger nTcrrwrrp- otto iriuTvivr tbxit Affiliation of Market Los Angeles market chain, with the Kroger of Cincinnati, was complet ed Monday with the accept ance of a Kroner stock ex. change offer by owners of 80fi of Market Basket com FORTREL WINDOW MAGIC mon shares. The exchange oi'icr has been extended to Dec. 4, for the convenience of the remaining share owners, but Ill teT. WC'rHv ir no further extension of the offer is planned, Kroger rep resentatives said.

Dividend Offer Ail holders of Market Basket common stock who pxchanse their shares for Kroger preferred by Dec. 4 will receive the tuu quarterly dividend of cents per share, payable Jan. 1, 1964, "the fiber that keeps its promise" on the new Kroger pre ferred stock. Kroger shareholders authorized 750,000 of a new class of $50 par-value cumulative preferred stock at a special meeting in August. A total of 491,276 shares of the new issue was earmarked for use in acquiring the 56-store Market Basket chain.

Stock Exchange Market Basket shareown crs received one share of the Kroger 4.3 voting preferred stock for two shares A breezy collection of exclusive styles Flower-fresh patterns for nearly every window Fashioned of suds-loving 100 Fortrel Celanese polyester ninon that keeps its fresh look Styled and tailored exclusively for us by Croscill Fortrel is trademark of Fiber Industries, Inc. Celanese Window Wonderland, 10 All Broadway Stores including our new Ventura Stort of Market Basket common Unless previously redeemed this stock is convertible to Kroner common stock during 'w A I I sip i 4 a tew WWf 1 VIA a 10-year period at the rate of IV2 shares of common stock to one share of pre erred stock. Combined sales of Kroger 's 1,375 food stores and tjie Market Basket chain are estimated at more than $2 billion a year. Kroger's 19G2 sales were $1,947,570,909 and Market Basket's sales last year were $121,303,000. I H- VJIM1 A.

Lorraine Fortrel' Polyester Ninon Bouffant panel; embroidered in gold or blue. each 7.9S alance, each 3.98 STOCKS Continued from 7th Page generally weak auto group Ford was 5334, down te American Motors, 19 down General Motors, 7b, down 1, and Studeba- ker, unchanged at 7V2. Four auto stocks Ford, 4 GM, Studebaker and Chrysler appeared in the most active list. Electronics Up It wa3 not a particularly active day for the glamour WENTURA I I OUR NEW STAR -4 WltSaf" stocks, nor did appreciable price changes show. Recently booming Control Data, sometimes called the poor man's IBM, was ninth most W' JJAJZlk If fw 4 active and gained Ya to 97Mj.

IBM itself added 3V2 to 452. Data Control, sometimes called the poor man's Control Data, added 9 a to 29? 8 on the American Exchange. Savings and loan associations got both good and bad news, reacting with confu- in twx jimummu sion. Extension of their home mortgage lending II Ti i 1111 i'i i .1. I.

Ft- 1. 1 I 3 til I nil 1 rights across state lines was discussed in Washington. But a clampdown on their recent interest rate boosts also was discussed. Financial Federation dropped to 52? 8, First Charter was unchanged at 4134, and Wesco lost $8 to Among the stocks hitting new lows for the year were Beckman Instruments, 67? 3, down l7a; Hoffman, 67s, down Ik; Kern County Land, 65V, down Vi, and Grumman, down 1V4. Market Ahead Analysts explain the current decline in the face of Fortrel Polyester Ninon Royal Panel; color: white.

41x54" each 2.49; 41x81" each. .2.98 D. Fortrel Polyester Ninon Bouffant Panel. Color: White. 43x36" each ........5.49 valance, each 1.98 B.

Fortrel Polyester Ninon Royal Dutch; tailored in color; white. 82x26" pair 3.98; 82x30 pair 3.98 82x36" pair ...3.98 valance, 58x10" each 1.98 met- 't good business reports by the orizing that the market runs about six months ahead of business conditions. It is not reflecting current business today, so goes the argument, but that of next spring. "This stock drop is a cor rection rather than a col lapse," comments Sidney B. fif Mr I km ii wImmh? Lurie, a partner of Joseph- I thai Co.

"It's healthy and long overdue, but it's not a 'alls, xl a 1 5 IS I eell-off of major importance, i It a. TlllrM 1 F. Harlequin Fortrel Polyester Ninon Tailored Dutch; multicolored print, flocked. 82x30" pair 4.98; pair. .5.49 valance, each 2.98 G.

Garden of Roses Tailored Dutch of Fortrel Polyester Ninon. Color: Pink embroidery. pair 5.98 valance, each 2.98 E. Majtime Fortrel Polyester Ninon Bouffant panel; pink embroidery. each 7.9S valance, each 3.98 H.

White Rose Fortrel Polyester Ninon Bouffant panel; white. each 7.98 valance, each 3.98 and we look for sharply higher prices by the end of the year." View Disputed This view is disputed by Bradbury K. Thurlow, vice president of Winslow, Cohu Stetson, "I think we have hit an important top and I'm inclined to be bearish." Thurlow is disturbed by the weak technical condition of th market, surge of low-priced stocks. Thurlow's conclusion: He wouldn't be surprised to see a 100-point or steeper drop in the Dow-Jones industrial average over the next year or two. Except Dowfitowu, open Monday evening only, till 9 p.m.

ii in.f a', 0 LW.HESJ? ANAHEIM LONG BEACH DEL AMO WILSHIRE WHITTIER a WESTCOVINA. VENTURA 10.00 9:39 10:00 9:30 10:00 10:00 tm 9:39 10 CO to 9:50 10:00 9:39 10:00 9:59.