The Los Angeles Times from Los Angeles, California • 29

ZcZzZtlz2Zinti U.S. Pledges ExAVheeljng President Elected by Hunt Foods Aid to Firms Robert M. Morris, former president of Wheeling Steel Corp, was elected a director and executive vice president of Hunt Food3 Industries Fullerton, the company announced Friday. The action came at Hunt's regular board meeting. Morris was president of Wheeling Steel from June, 1965, until April of this year.

At the time he joined Wheeling, Hunt Foods held control of the firm. His resignation concided with the announcement that Hunt had sold more than half of its holdings of Wheeling Steel. Hunt said that Morris, in the newly created post, will work on the staff of Hunt's finance committee, i If If i if BANK EARNINGS Western Federal Savings is first at Del Amo Financial Center Continued from 8th Page $4,192,632 or $1.22 per-share, from $4,903,511 or $1.43 a share in the corre-. sponding period of 1966. The bank's deposits on June 30 were up from Loans outstanding at mid-year had declined to $707,333,826 from a year earlier, i Union's total resources at the end of the most recent period amounted to $1,305,944,123 against $1,298,135,523.

Wells Fargo Decline Wells Fargo's net operating income in the second quarter declined to $6,633,545 from $6,636,450 in the 1966 period. The bank's first half net operating income rose to $12,967,570 or $1.45 a share from $12,380,954 or $1.39 a share in the 1966 first half. Wells Fargo's deposits on June 30 were $3,754,116,577, against $3,556,063,276 on the like 1966 date. Loans outstanding at the end of the recent period total $2,508,250,321, off from $2,658,961,929 a year earlier. The bank's assets at mid-1967 were $4,274,268,994, up from $4,085,466,742 at mid-1966.

Reasons Cited Commenting on second quarter earnings declines, an executive of one Los Angeles bank, who asked not to be named, suggested they stem from several sources. For one thing, he said, most banks experienced a rapid, quarter-to-quarter increase in earnings last year, due to tight money and correspondingly high-interest rates on loans. "Interest rates are going up again, but not as fast as last year, and loan demand hasn't been as1 great as it which oversees the company's investment program. Prior to joining Wheeling, Morris had served Monsanto Co. for 29 years, most recently as a company vice president and as general manager of the organic chemicals division He was graduated from Washington University in 1936 with a B.S.

degree in mechanical engineering. Norton Simon, chairman of the finance committee of Hunt Foods, was chairman of Wheeling Steel from November, 1964, to November, 1966. Wheeling Steel reported a net loss of $7.8 million for 1966 and an operating loss of $735,000 In the first quarter of 1967. was last year, he said. -He noted that most banks are holding "much" greater amounts of short-term securities, on which interest rates have actually gone down, and that this has exerted a corresponding drag on earnings.

Benninger Joins Tracy Investment Fred Benninger, who recently resigned as executive vice president and treasurer of Flying Tiger Line, has been named executive vice president-finance of the Tracy Investment Co. which controls the property occu-pied by Caesars Palace in Las i Vegas, it was announced Friday. Benninger, according to the airline, had resigned for personal reasons. Shortly after his resignation, Samuel B. Mosher, founder and chairman of Signal Oil Gas Co.

of Los Angeles and co-founder and financier of Flying Tiger, resigned protesting policy and personnel chan- ges. Benninger will be responsible for financial arrangements on a 30-story hotel proposed by Nevada International Hotel owned by Tracy. 1 LA Grain FRIDAY, JULY 1 No. lMy shpmt Western earley 2.5s-lTM Cora, No. 2 (hooper) 2.90 Sorehum (hopper), NT No.

1 Spot Sorghum, NT (hooptr) 1S2VM.U CAR RECEIPTS Unavailable. Bank Debits Thi Let AngtlH Clearinghouse Attn, reoartod Friday bank debits at tmm. ui comtPMHtlnt date lost year, $7IV I4S.H7. Sin Francisco clearings, FRIDAY (Te 4:00 p.m.) Operator Destination Te Salt Univ. Pac.

July 10 Farrell Diego July ,7 J.J. Tennant July 8 States Mar San Diego July 10 Crusader Auckland July 8 Columbus Fran. July 7 Blue Star London July 9 Cargill Inc. Barber Fran. July Prudential Yokosuka July 7 united yuso.

Genoa July 8 Jayantl Ship's Bombay July 9 Retla SS Oakland July 7 Matson Nav, San Fran. July .9 State Mar, San Fran. July 7 Una San Fran. July 7 States Line San Dleao July 9 Matson Nav, Honolulu July I Mitsui OSK Yokohama July 7 Stand. Oil San Diego July Sclndla Vancouver July 10 Aicoe ss cam Kami say July 7 Zim Israel Valencia July Tokyo Fran.

July Mitsui OSK Cristobal July N.Germ.Lloyd San Fran. July Diakarta New York Muly Line Kobe July Furness San Fran. July Military Sea Manila July 10 Pac. Coast Ranh Bay July 9 Amer. Pres.

San Fran. July 8 Tokal Line Portland July 11 Sea-Land July 8 CaralH Inc. Indef. Wolssburger Fran. July 9 Calmer Line Richmond July 9 Yamashlta Diego July 8 Nedlloyd Capetown July 7 Fred Olsen San Fran.

July 9 Texaco Inc. Anacortes July 8 Texaco Ine Areata July 8 Maerek Line Yokohama July 8 ARRIVE TODAY Operator Destination TeSall InfL Charms Chalmers July 10 toko una inoet. Standard Oil El Seoundo July 8 Standard Oil Segunde July 9 Mitsui O.S.K. Japan Line Zim Israel Line Matson Nav. Co.

Mathiasens Tkrs Line July 10 S.F. July 10 July 9 July 9 July 10 S.F. July 10 Albernl July 10 Canadian Transpt. Phillips Petrol i Ventura July 9 Marine Transot San Diego July 8 Sausa Bros. Tow.

Dleso July 9 Pac. Far East July io Time Ferndale 12:05 a.m. Tacoma 1:50 a.m. 2:45 a.m. maionan Coos Bay Yokohama San Diego Port Arthur 2:50 a.m.

3:35 a.m. 6:05 e.m. :45 e.m. 7:15 a.m. 1:00 p.m.

Seattle uiaum Hit by Tariff WASHINGTON GE The administration Friday promised federal help to workers and corporations which might be hurt economically by the worldwide round of tariff cuts which begins taking effect Jan.l. But William M. Roth, President Johnson's special representative for trade negotiations, insisted American businessmen got a fair deal in the Kennedy Round talks which produced the trading agreements. "I am convinced that we have received commitments equal in value to those we have made," Roth told more than 500 businessmen attending a U.S. Chamber of Commerce conference on the Kennedy Round.

1 Undersecretary of Labor James J. Reynolds said the administration will ask Congress to insure federal help to workers and firms affected by increased imports -resulting from the tariff cuts. Reynolds, said none of the labor dislocations expected to result from increased imports are expected to be unmanageab-1 a 1 1 hough particular firms and groups of workers "may be adversely affected." Secretary of Commerce Alexander B. Trowbridge disputed criticism of the, Kennedy Round from the steel, textile and chemical industries, and said it will benefit all three fields. STOCKS Continued from 8th Page the decks for another debt, offering lost VA to 99 and Grumman slipped to 45.

Retailers Strong Commerce Department reports of a jump in June retail sales helped send J. C. Penney ahead 3A to 62. Wool worth was up VA to 30V6, Kresge rose VA to 65Vi and Montgomery Ward, reporting its first gain of the year, was ahead to 23. American Stock Ex, change prices rose in very active trading.

The Amex -average was ahead 18 cents to $20.51. Turnover came to 6.16 million shares, up from 5.51 million on Thursday. Aerojet-General Wins $23 Million Engine Contract Aerojet-General Downey plant will produce two large components of the jet engine for the F-lll fighter-bomber under a three-year contract, valued at $23 million. The award from Pratt Whitney aircraft division of United Aircraft Corp. in East Hartford, was announced by D.

C. O'Mara, manager of the Downey plant's operations division. The components, which make up approximately one half the length of the 20-foot engine, are ths afterburner diffuser assembly and the afterburner nozzle and ejector assembly. Two engines are used in each F-lll. Delivery of the first Aerojet units is scheduled for early 1968 with the contract into 1970.

1 100 MARGIN SLATED ON 10 AMEX ISSUES NEW YORK (DJ) The American Stock Ex-, change Friday ordered 100 initial margin requirements Imposed effective Monday on 10 stocks. They are Brad Foote Gear, Bradford Speed Packaging, Data Processing, Monogram Indust ries, Solitron Devices, Unexcelled Bowling Corp. of America, California Computer: Products and Menasco Manufacturing. (I- the the MIBpvaejgp Ship liTovSTints Compiled by Marina Exchange. Refar to steamship companies for dock timai, rotas, reservations and ports of call.

ACTIVE VESSELS IN PORT Vessel Berth From Atomena (Swd.) LB-206 African Lake LB-13 Alfred Victory LB-ll Fran. Cortei LB-215 Hueneme Crusader (Br.) 135 San Fran. Cap Flnlsterre (Ger.) SS Colorado Star (Br.) 228-E San Fran. Capstan Georgia (Grk.) 187 Tabaco Fernview (Nor.) 228-0 Cristobal Green Bav Victory LB-4 Goranka (Yuso.) LB-2 Gandhi Jayantl (Ind.) 19 Fran. Gretafield (Br.) LB-206 Kawasaki Hawaiian neiner in san rran.

Heerine Susan (Dan.) LB-10 Dlesa Holland Maru (Jap.) LB-20 Hawaii LB- Fran. Hawaiian 200-A Honolulu Hudson Maru (Jap.) 180 Cristobal H. D. Collier ITkr.l 97 Richmond Jaladhlr (Ind.) LB-2 Orleans LlnfleW Victory Anc. Saigon Maria Lulsa Valesco (Sp.) 17 Fran.

Meltoku Maru (Jap.) LB-201 Fran. Nagasaki Maru (Jap.) 177 Kushlro Neunariingersiel (Ger.) 15 Nordholm (Nor.) LB-24 San Fran. Oklshlma Maru (Jap.) 23 Enseneda pacific Envoy (Br.) i Glasgow Pvt. Leonard C. Brostrom LB-12 Hueneme Pacific Victory LB-50 President Arthur 90 New York Simandou (Gn.) 139 Fran.

Trenton LB-232 Cristobal vtbran lord (Nor.) ia7 de oro Weser (Ger.) 221 Emden Yorkmar lb-25 Cristobal Yamasato Maru fJao.) LB-7 Fran. leetana idut.) zzo an r-ran. Buffalo (Nor.) LB-S First in rate, first in loan record, and first in business at Del Amo Financial Center! Western Federal is proud to be first to open for business in the new Wall Street of the West and we extend a most cordial invitation to VESSELS ARRIVING FRIDAY (4:00 p.m. to Midnight) Vessel Berth From Operator Destination Te Sell Jaladhir find.) LB-2 NewOrleans Sclndla Steam Nav. July 10 visit us in our new quarters in the northernmost of Pavilion buildings.

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Lurline 195 Honolulu Mission Santa Ynez (Tkr.) LB-78 Mississippi Maru (Jap.) LB-24 N.Y. Nanoose Carrier (Can.) LB-52 Pt. Albernl Phillips Wash. (Tkr.) 238 Avon pioneer valley (Tkr.) LB-4 seaine Siuslaw (Bee.) 135 Beach India Bear 3-A of $1000. Certificate accounts earn the passbook rate daily and a bonus paid after three years -currently an effective rate of The new 5 rate of passbook accounts is paid from date of deposit to date of with iiiimtniniillllll VESSELS SAILED FRIDAY (To 4:00 p.m.) Oestinatien BIIIIIIIIIIIIIIB alHBllf.il I I III IIIII11J11 drawal without any minimum holding period required.

wj a. t. Daily compounding amounts to an effective annual rail ii Vessel Eclipse (Tkr.) Argyll (Br.) saariana leer.) Miami (Bee.) Castor (Grk.) Phil. Pres. Maeiavsay (Phil.) Texaco Montana (Tkr.) Navarlne (LlbJ point Loma aw.) passbook rate of 5.13.

In ths new DdliVno nnanclal CenSsr on Hiwthornt north ef Carson. LOCATION OF BERTHS -Outer Harbor. 14 la 73) Sen Pedro, T4 to Wi West Basins 101 te 14i wimlnplon. Wo to JOS) Terminal Island. B0 to J41 Lens Beech, LM to LB-JU, OFFICE: SIXTH A33 LCS ESELESi ALSO mtmH CITYi EEVEELY HILLS, USCKLCT; IXSLEWCOD efeeJtal-g'it', siiaiBlfct38.