The Los Angeles Times from Los Angeles, California • 56

ri g9t 1 1 af -'p yii Mir nii1" (nlr i T' 'J FT'Jl S53 million in cash and securities to buy all of Recrion. In August, however, it was reported that Coleman had rejected the Goodrich offer 'This announcement is neither an offer lo sell, nor a solicitation of in often to buy these securities. The otter is maoe only Dy the Prospectus. shareholders received a new Recrion 10 sinking fund subordinated debenture due in 1984 with face value of $38 in exchange for each share of their stock. Last July, New York-based Goodrich Realty development Group Inc.

had offered approximately Nei? earn up to IB April 9, 1974 2 toi Zmi EXCHANGE TO DEAL OIL CONTRACTS It was bound to happen. When anything gets scarce a futures market for buying and selling it is quickly opened. It happened in plywood and dia- rnonds. Now it's oil. Within a matter of weeks, the New York Mercan-" tile Exchange says it will begin trading in futures contracts for two widely used petroleum products for Sale 8260,000 end of Lake Tahoe, but that deal fell through.

Coleman, the former Recrion chairman, was reported to be in Atlanta, where he owns a portion of the Atlanta Braves baseball team. He made no comment on the Glick purchase offer. On the American Stock Exchange Monday, Recrion shares jumped S4.12VS to S34.12Vion sales of 14,600 shares. Previous--ly this year, Recrion shares have" hovered between $20 and S30. In January, Recrion accepted one million of its own common shares tendered in response to a company offer.

Those sq. ft. warehouse Brick roncrete. AC Truck hi loddinR, Rail Spur, Mm: lo Pdsjrlpna rwy. Nrjr Coltlrn Stole rwv.

I Philip A. Homme Co. on vour money PRICE WAR 100 Desks 500 Chairs Files Draft Tables Adders 688-8700 ts lieavv industrial fuel oil used in electric generating -euen more when Industrial Realtors 213685-9090 at LOANS TO S50.000 REAL On iny type property Fist Ciurteous Service No Red Tape Don't elisturk your iow int. 1st Bended Mtq. Corp.

Broker 386-1660 714773-8181 compounded quarterly with 10-Year Associates Investment Notes. Invest as little as $1 00 and earn from 7 to 8 annual interest, payable quarterly (or monthly on notes of $5,000 or more). Earn even more when interest Is compounded quarterly and paid at maturity. I I.I III 4 plants and the "lighter" heating oil used in buildings and factories. The New York exchange, which already makes a futures market in Maine potatoes, silver dollars and platinum, says it will also begin a futures market for the tanker freight charges associated with transport-' ing the two oil products.

The futures contracts will enable producers, dis-; tributors and customers who regularly buy or sell amounts of fuel and heating oil to set prices for a future transaction up to 18 months in advance. Initially, the exchange says it will trade contracts in fuel oil and heating oil in units of 100 metric tons (equal to 750 barrels). If these are successful, it may later begin trading in gasoline and crude petroleum. The tanker freight futures contracts, which would fix the cost of transporting fuel and heating oil be-' tween specific points, would be the first such con-, tracts to involve a service instead of an actual com-1 xnodity. Maturities its like puling sue one in your pocket Effective Annual Yield Interest Compounded Quarterly Annual Interest Rate Interest Paid Quarterly Or Monthly ph And Paid At Maturity Attorney Will Make Bid tor Recrion Stock Continued from 7th Page Glick has deposited $2 million in an escrow account to be paid to, Recrion "as liquidated damages," according to the statement.

If he makes the offer later than four months from now, he will make further escrow deposits of $600,000 for each additional month to be used as "liquidated damages" should he then fail to make an offer, the release states. Click's secretary in San Diego confirmed that he intends to make the Recrion offer but declined to give further details. She said Glick was on an airplane and would not return to San Diego until this morning. Recrion would not comment on the press release. A secretary said no com-pany officers were available.

No answer was received Monday afternoon at the offices of Milton Fen-ster Associates, the New York public relations firm which issued the press release. Las Vegas sources indicated that Glick, through a private firm he controls, bought the Hacienda about two years ago and recently embarked on a $4 million expansion at the aging hotel, which is located at the west end of the Las Vegas Strip. There was no immediate explanation of how Glick will finance the proposed Recrion tender offer. Last fall, according to reliable sources, Glick and another businessman offered to buy the King's Castle casino at the north l-v An 1 Year 7., ....7.18 3 Years 712 .7.71 814 8.51 10 8 9.04 Associates Investment Notes are senior ranking corporate promissory notes issued by Associates First Capital Corporation, a subsidiary of Gulf Western Industries, Inc. Associates is primarily engaged in consumer lending, commercial financing, and insurance underwriting through subsidiaries which have over 1 000 offices throughout the United States and Canada.

For further information about the offering and a prospectus, contact AFC Securities by mailing the coupon. Or call 800-348-7701 toll free. STOCK MARKET Answer Page "beeper" isn't a phone, but it's the next best thing. It alerts you to important calls anytime, anywhere in Los Angeles and Orange counties, all for one low monthly rate. There's no limit to the number of "beeps" you can receive.

No extra phone charges or special equipment to install, either. If someone wants you, they dial your number on any phone and your "beeper" gives you the signal. It's as easy as that. Call us today for your Answer Page "beeper" it's like hauincr a nhnne in vnnr nnrketl 0H rwi.v AFC Securities Inc. 1030 Jefferson Blvd.

I South Bend. Indiana 4661 7 Please send me complete information I flhnut As.aei.tal lnws.lmi.Rt Nnt. PAGE 1801 South ta Cienega Boulevard los Angeles, Ca. 90035 (213) 559-5244 including the Prospectus and mail application. Name Address City State 'yjp I.

ft. Downtown: 622-5434 Hollywood: 463-7007 Southwest L.A.: 293-7424 Compton: 635-4260 Harbor Area: 830-8161 San Fernando Valley: 994-1600 San Gabriel Valley: 284-2550 Airport Area: 649-1588 South Bay Area: 542-4692 South Central Area: 971-1345 AFC Securities Inc. A Subsidiary of Associates First Capital Corporation Santa Monica: 393-4248 "asadena: 258-4141 Orange County: (714) 542-2222 Available to residents of Alabama. Arizona. Calllamla, Colorado, Florida, Available Georgia, Illinois.

Indiana. Iowa. Kansas, Kentucky. Louisiana, Massacnu- sella, Michigan. Mlnn.soie, Miisourl, Nebraska, Ohio.

Okianoma, sells, We also offer complete answering service everywhere for a nominal charge. Agent for Radio Page Communications, Inc. Pennsylvania, rennetiee, reus, uian, Wisconsin. off Vi, and National Union Electric, 38,200 shares at Other block trades included: Consolidated. Edison, .25,000 shares at 18, off Vs; Electronic Data Systems, 127,000 shares at 14V4, off lVs; Syntex, at 43 Vi, off 25i ITT, 42,900 shares at 21, off Vi, and Ecodyne, 49,900 shares On the Amex, losers outnumbered gainers 502 to' 191 among the 987 issues traded.

Volume eased to 1.86 million shares from 2.06 million shares on Friday. There were four block trades Monday, compared with five Friday. In bond trading, municipals, which dipped as much as Vi point at midday, ended the day about where they started. But a new, small S25-mil-lion Kentucky came to market, priced with a 9Vb coupon at 101.29 to yield 97c the highest yield on a double-A rated utility since Oct. 28, 1970, Federal funds, which represent the interest rates member banks pay to the Federal Reserve Bank for short-term funds, continued to rise.

if mi inim.nir-fc in. iiiir Good news for good drivers: Continued from 7th Page 4 Standard Oil'of California was the Big Board's most-'active stock, dipping to 2778. Gold issues, which are usually strong in a weak market, were among the most pronounced losers Monday as bullion prices dropped in Europe. Dome Mines tumbled 12 to Campbell Red Lake lost 6ss to 84, ASA Ltd. was down 6 at 86, and Homestake fell 47s to835s.

Steels, farm implements, oils and most forest-products issues were also weak, while autos were mixed and some airlines turned up with fractional gains. Recrion, a Nevada hotel and casino operator, climbed to on the American Stock Exchange. A plan was announced for the sale of all the Recrion shares held by Delbert W. Coleman and his family, contingent on a tender offer for all the outstanding stock at $44 a share by San Diego real estate developer Allen R.Glick. Mountain Fuel Supply gained 2 to 7 on the NYSE after the company reported an oil find in Wyoming.

Watkins-Johnson, which said it might show a profit drop in the first quarter, was off 2V2 to 25, and a report of lower quarterly earnings depressed Rite Aid34to6V8. The Amex market-value index fell 1.18 to 94.73, and the Nasdaq composite index for the over-the-counter market was off 0.78 at 89.92. The preliminary count on large block trades of 10,000 or more shares, traded on the NYSE, was 62 compared with a revised total of 104 for Friday. Big-block trades included: Gulf Oil, 26,600 shares at 22, off Vc Texas Oil Gas, 20,000 shares at 14V4, off First Mortgage Investors, 79.000 shares at 5, off Continental Illinois, 20,200 shares at 50V1 off Vi, Scott Paper. 30.000 shares at 16.

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