The Times du lieu suivant : San Mateo, California • Page 29

Economy Past Labor Day With Its Motor Purring By JACK LEFLER AP Business News Writer NEW YORK (API The economy passed the Labor Flay milestone last week with motor purring. Businessmen Day a second consider Labor New Year's Day because it signals the end of the summer vacation period and the beginning of the usually more active fall season. When business is good on Labor Day it usually continues favorable until the end of the year. That is the outlook this year. With sales booming, the automobile industry was getting up steam in turning out 1964 models.

Steel production was leveling out i indications of an increase close ahead. The stock market, thriving on such developments, climbed to an all-time peak. A prediction that 7.5 million passenger cars will be sold this year and 7 million next year was made by Lee A. lacocca. a vice presr ricnt of Ford Motor Co.

This was in line with earlier forecasts by General Motors and Chrysler officials. Rushing to supply dealers with Iflfil models, automakers i increase their production this month sharply over August, when the changeover from 1963s was being made. It was estimated that 500,000 cars will be turned out this month. GETTlS'G THE IN(SCENT)IVE Home-hound commuters gel on the right scent at whisky-sniffing station opened in London's Waterloo railway terminal by Scotch whisky distillers yesterday. The device, called Scenl-a-rama, is part of a plan to educate people in how to drink whisky.

The sniffing station contains six casks five of which contain variations of grain and malt whiskies. The sixth is a blend. (AP Wircphoto) Forecasts from industry sources indicated that steel production this year will exceed 100 million Ions for the first time since 1057. Output last week held steady with the 1,765,000 tons topping the previous week by 1 per cent. The stock market, as measured by the popular barometer, the Dow Jone's average of 30 industrial issues, jumped to an all-time high.

It Lopped the previous high established Dec. 13, 1961. a Street credited good business developments particularly favorable corporate earnings--for i i lifted the market from the depths of the 1962 plunge. In its monthly economic review, the First National City Bank of Now York found that business sentiment remained generally good. Factory orders increased in July after declining the two previous months, the Commerce Department reported.

Manufacturers' new orders rose 1 per cent From June to a total of about $35.5 i i Furniture orders and shipments advanced 9 per cent in July over July 1962, according to the Nat i a Association of i Manufacturers. Consumer installment credit continued to expand rapidly in July, moving up to a record The net increase $501 million. The Federal minimum wage rose to SI.25 an hour from and at least 2.fi million workers benefited. The pay increase will cost employers an estimated $365 million a year, the Labor Department said. Sales on the New York Stock Exchange advanced to 24.557.722 shares from the previous week's total of 23.535,130 shares.

Bond ett in New Ad Post With Times Harold Badgett, an 11-year em- loye of The Times, has been ad- to the post of national isplay advertising manager. An- ouncement of the appointment vas made today by Times pub- sher J. Hart Clinton. Bsdgett will bake over a post acated by the resignation of Geron Miller who will become an ustructor and degree candidate the University of Pennsyl- ania. Before coming to The Times in 052, Badgett was associated with Flacl-io KOCY.in Oklahoma City, vith bhe Nowata Daily Star in Vowata, the Times- Record of Fort Smiitih, Ark.

He 3 a graduate of the University Oklalhoma where he majored news and advertising. He has een advertising salesman for The Times since coming to California. Badgett lives at 800 Covington oad. Belmont, with his wife. Bety.

daughters Susan and Mar- "aret Lynn, and son. Bill. He erved with California's 40th di- ision in the Pacific theatre of Vorld War II and was chief of etail, Battery 213th Field Ari-Hery battalion. FIVE MILLION DOLLAR COMPLEX FOR CALIFORNIA GOLF CLUB--San Mateo county Dream Girl Louisa Borcherding gets a preview of the elaborate plans for the $5 million Club View Apartments. Inc.

project on golf club properly in South Francisco from Siro Viacava (center), president of the development organization, and Jlalpli K. Stiles, president of the golf elul). sales totaled par value i the week compared with the previous week's total of Today's Closing Prices; Selected N.Y. Stocks NEW YORK (API-Following Is 9 llsl stlscted stock transactions on the New York Stock Exchange Wednesday: --A-- Sales (hds.) High Low Net Lasl Chg AbbottL 2.20 ABCVen ACFlnd 2.80 ACFInd wl Addressog 1 Admiral Air Red 2.50 AJ Indus .211 AlcoProd AllegCp AI leg Lud 2 AllegPw 1.90 AlliedCh 1.60 Allied Str 3 AllisChai .50 AlumLtd .60 1.20 AmeradaP 2 AmAg Ch 1 AmAlrlin 1 ABcsch Am Brk 2.40 AmSdPar Ib Am Can 2 AmCysn A EIPw 1.03 AExoort AmFP AHoms 1.4Ja Am .30 Am MFd .90 AMet Cl 1.40 AmMot Am NG 1.40 Am Photo .33 ASmelt 2.80 AmStd .30 AmTT 3.60 Am Tob 1.50 AmZInc Ib AMP Inc .40 Ampex Cp AmpBora .30 An aeon "l.SOg AnkenCh .40 ArmcoSf 3 Armour UO ArmCk 1.80 Ashl Oil 1.20 AssdDG Atchis 1.20s AtlC Line 2 AtlRef 2.40 AMiS Cp AuKsnt .100 Avco Cp .30 AVCCorp 2 Avnet 3abcock 1.72 BaldL! m.40 SsltGE 1.24 1.20 Bsckman Beech Air .60 Bell How .40 Bendix 2.40 Bsnguet Bestwall Bith Stl l.iO Bigeiow 1.20 Boeing 2 Borden 1.30 Borg War 2 Brlggs Mf 1.60 Brunswk BuckeyePL BucyEr Budd Co .50 Bullard Bulova Burllnd Burroughs 1 cal Fnl CallahM CamRL .403 CampSp 2.20 Can Dry 1 CdnPac 1.50 Carrier 1.60 Carter Pd 1 Case Jl CalerTr 1.20 Celanese 1.60 Celotex Cencolnsl CenHud 1.03 CenSW 1.18 Cerro 1.10 Cer-teed .60 CessnaAirc ChamoS 1.30 Chmplin 1.20 Check Mo' Ches Oh 4 Chi MStP ChlPneu MO CRI PacK 1 ChrlsCfl Chrysler CIT Fin 1.40 CiMesSv 2.60 ClebEIHI 1.20 CocaCol 2.70 ColgPa! 1.20 ColtinsR Colo Ir CBS 1.40b Col Gas 1.16 ColPict 1.27f ComlCre 1.60 ComlSol ComEd 1.40b ConEdls 3.30 ConEI Ind 1 CnNGas 2.30 ConsPw 1.50 Contain .90 ContAir Cont Can 2 Contlns 2.20 Cont Mot .40 Cont Oil 2 Control Data Copper CornPd MO 1.20 Crow -SOt Crown Cork CrnZell 1.80 36 115 117V3 42? 22 13 7 104 40 52 52 432 57V' 92 905 56Vn 4- 20 3-Vii 3'n 13 23 15 10V2 25 413.4 65 54Vi 531,4 53 V4 --I 15? 53 52Vi -f 17Vi V. 24 2-iVn 61 7 --1 46V7 54 46 61 7 61V3 -Vs Vs 21 122 124 42 62 7 163 78 7 63 47 123 37 3 54 117 35V 34V, 46V 3 46 102 61 29 28Vn 28 58 II 1 10 7 10 7 81 62 7 62 72 58 38V3 38 VB 344 19Va VB 39 41 -r 'A 64 10 54 87 87 --1 61 18te 566 125Vs 236 8 21 7 48 31 7 138 19Vi, IB'A X44 24 24 122 36 51 65 X97 38 102 64 --Va 20 49 99 29W 'ft 111 29Vn 29Vn 3 57V2 30 126 Va 139 14 14 145 27 26V2 92 34 CLOSING DOW JONES AVERAGES September .11, .1963 (Courtesy Reynolds Co.) East AirL EastGF 1.60 EastKo 2.20a EatonM I.BO ElBondS 1.20 EIMus ElAssoc 1.74f EIPasoNG 1 Emer El .80 Emer End John Erie Lack Evans Pd Evershp 1.20 B9 22Va 45Vn 45Vn 45Vd 41 11 21V2 i 40 21 7 21Va 21V3 28 35 35Va 279 ISVa 14 7 15 67 30 48 47 29 29 7 30Vj 70 22 7 Vi 91 60 59 7 Va 81 26V3 26Va 26Va 75 250 248 34 33 .86 12 i or ai Eleclr lLorillard 2.50 Lukens Stl I Sales 30 Industrials 740.64 20 Railroads 172.49 15 Utilities 143.S4 65 Stocks 263.29 40 Bonds --D-- Dan Riv .30 Dayco Dacca 1.20 Deere 2.20a Del Hud Den RGW DelEdis 1.20 I Stl Disney Dis Sea I.BO .80 Doug A 1.30( DowCh 1.60b Dress 1.20 duPont 4.50g Duq Lt 1.28 Dynam Am High 746.JS Net Close Chg.

763.87 740.34_(-2.9] 173.83 171.50 172.76-j-0.67 144.54 142,93 143-53 265.14 261.84 263.21-L.0.78 S9.04-j-0.91 Sales High Low Kro9er 1JO 30 5 a 68 LearS Leh Porl 1 Leh Ind Lehmn LOFGis 2.60 LibMcN .431 LiggM 5 Lionel Lillonln 1.571 LocknA 1.40 i Thea 16V? TOi IV. 66 12V, 119 31 92 --1 22 36V2 10 30 30 16 346 135 19 X53 33Vi 33 45 II 4 17V3 45 3 Va 12 212 --F-- 75 7 76V3 V. Fairb Whit Fair Ca Fair Slrat Fansteel .80 Fedd Corp 1 Ferro 1.60 Fillrol I.BO Fireslne Ita FslChrt 1.611 Flinlkl .80 Fla Pw 1.04 Fla PL 1.28 Fd Fair .90 FMC Cp .80 FooteM Ford ForemD FcslWh 305 1 20 30 35 7 Va 33 GamSk 1.20a 36 28Va Vi Accept 1 39 35 35Va Va Gen Cig 1.20 22 65W 65 Dynam 208 48Va 49V2 -f Gen Elec 2 Gen Foods 2 --B-- 8 54V, 12 7 Va 33 Vi 25 Va 57 79V2 16 14 77 24Va 24Va 56 257 60 5V2 64 21 42 12 33 102 43 17 16 Vs 32V2 32Ya -I- Vi Ve 44Vn 435,1, 4. 22V4 VB 17 16 MackTr 1 80 MadFd 1.56g Mad Sq Gar Magma Magnav .70 AAaralh 1.60b MarMid 1.10 Marqua Martin 1 MayDSI 2.20 McDonAir Ib MeadCp 1.70 Merck l.BOa MerrCh MGM 1.50 Metrom Mid SU 1.16 MinerCh .70 Mpl Hon 2 MinnMM .90 Mo Kan Tex Mo Pac 2 4 0 Mohasco .50 Monsan 1.20b 15 30'A 53 10 24 35 5 Va 436 254 25 17 Va 54 103 83 43 61 45 7 20 --M-41 29 21 303 2Va 20 103 57 29V. 16 IVa 14 5 83Vs 37VB 16V3 Net Lasl Chg.

V. 30 Sales Net (hds.) High Low LAS! Chg. 16 V-i IVa VB 30 7 Va 55 7 VB 14 73 VB Vs Schenley 1 Scherg 1.40a Schick SCM ScotlPap .80 SeabAL 1.60 SearsR 1.40a Servel ShellOil 1.30 ShellTra Sinclair 2 Singer 1.70 Smith AO 1 1.20a 2.40 SoPRS 2.85d 1.05 1.60 SouNaIG 2.20 SouPac 1.40 Sou Ry 2.80 Sperry Rand Spiegel 1.50 jSquareD 1.20 StBrand 2 StdKolls .601 StdOilCal 2b StdOilfnd 2 SIOilNJ 2.60 SlOilOh 2.60b Sland Pkg 63 22 376 24 10 60 36 44 9Vt 9V1 VB VB SmilhK Socony SouCalE SoulhnC xll Ys 85 97-VB 98 12 7Vt PA V' 79 49V 7 24 24'X. 83 4BV3 Vi 40 85 33 32 Vi 49 6Mi 66 Va 80 VB 33W 33V3 VB 35W 32V2 32VB 13 7 48 39 20 7 2 Va 32V, Va SranWar 1.20 StauflCh 1.20 SlerlDrug .65 Steven i.SOb Sludebaker Swill 1.60 31 144 35 23 53 58 IB 65Va 749 67 24 12 20 1 We 36 145 351 71 Vt 9 65V2 203 17 188 1358 12 618 8 223 34 33 55V2 'A VB 65 -f -I- 33 8 34'A 13V2 VB 48 VB 21 2V. VB --IVa 58Va 58 33 248 74 67 66 7 X21 44 42 7 43V2 Vi 33 103'A 102Va 27 12VB 12 12Va 100 75 23 105 23 VB 32 32 38 38 22 3 --T-259 VB 133 72VB 115 348 17 17 Ifl4 57 159 27 21 21 VB 26 257B 25'A Va 23 65 65 115 23 23 --IVa 37 54VB 8 5 4 7 4 7 Va 22 49Va H- 136 31 7 32 --U-- UCarbid 3,60 100 Tenn Gas 1 Texaco 2a TexGPd TexGSul .40 Texlnsl .80 TexPCO 1.20 TexPLd Textron 1.40 ThioKol l.llt Tidewat Oil TimkRB 2.40 Trans Air Tranam Transifron TriConl Twenl Cent UnionElec UnOilCal 2a UnPac 1.60 41 118 1193.4 UA rl -m 134 Vn 56 22 7 22'A 15 45 45VB MontDU 1.40 12 V2 MOnlWard 1 23 23 VB Morrell 157 Motorola 1 26 10 1 3 7 7 66 87 10 134 57 10 3B'A 10 Va X104 39V 39Vn 76V4 1.80 1418 59 .40 x75 15 90 17 112 llOVs V2 355 7 12V2 29 23 48 VB 21 15Va 111 65 38V4 123 23'9 --C-- 9 5 19V2 26V, 323,4 33 118 2 4 37 30 9Vi SVs 16Vs 1 5 7 17 10IVJ 101 76 26 1 26 1 5 7 Vs 15.y a Vt 101V2 26Vi 20 2BV2 -37 40 7 397B 56 73V2 71V2 107 10 56 -t- 44Vs Mills 1.20 Gen Mot 2a Preen 1.20 GPubSv GPubU l.20b Gen Sig 1.20 GTELEI .88 GcnTire .40 Ga Ib GeltyOil GiMclte l.lOa .50 'Goodrch 2.20 Goodyear 1 Grace Co Ib GrandU GranCS 1.40 GtAP 1.20a GtNoRy 3 GW Fin Greyhd 1.30b Grumn 1.50 196 43 49 424 39 34 32 33 19 33 Va -i- 55 5 37 33 34 29Va 79 5 7 NEngEI NYCenl 236 28V2 28Va VB 232 25 24V2 73 -I- 102 VB 509 110 56VB 55Va 3 Va 38 4 36 36 36 19 44 146 32VB 31 Vs 31 VB Va 15Va 23 23Va 87 198 167 39 32 46 7 31 18Va 91 24 -HVi 3fly 17 7 IB VB 29 29 VB Nal Airlin NalBisc 1.60 NatCan .711 NCashR 1.20 NDairy 2.20 NatOisI 1.20 NatF'jel 1.30 NalGen .411 NatGyps 2b NLead 2.25g Steel 1.60 1.16 NYChi SL 2 NiagM Pw 2 NorfolkW 5a NoAmAvia 2 NoNGas 1.80 NoPac 2.20a NStaPw 1.36 Worfhrp 1 Nwsl Airl 1 Morion 1.20 Norwich la Ohio Ed 1.90 Olin Main I OlisElev 1.80 OulMar 26 52V2 129 23 56 47 43 Va VB 45Va Gull MO 2 Bl 46Vs GlfOil 1,60 Gull SU 1.12 222 49 7 28 38V3 --II-- 49 7 38Va Haueg 40 I HercPdr .60 Hertz 1.20 Hewlett Pk HeydenN .80 45 40 70 40 102 35V3 34 23 A 22'A 39 63V3 63V3 Vfl 19 15 15 19 15 26 24 14 1468 75'A 72 (1Vn 133 67 67Vn 80 33V.

33VB JujHupp Cp xlfl 102V7 102 91 d5 7 45 44 26V. 78 IVa 9 7 'n 119 74 VB 43 VB 31 25 V'2 31 42V2 --'A 60 27 7 19 53V 3 42 89 VB V24 39Va 39V 38 tSVi 65 Vi 24 49 -f 29 7 58V, Hallibur 2.40 26 HamP 1.20b 39 33 Hanna Co la 37 3 63 46V2 45 173 37 31 443,6 44 45 -1 37-Ya Vn 67 Vi 184 370 14Vs 49 46'A 45'A 119 T7 7 VB 43 65 V2 466 92 92 P-H 84 24'A 92 59 -WV? -r 24 IWi 155 21 ''4 Hoff Elect Homesl 1.60 Hook Ch Ib Hotel Am House 1.40 HoustLP .77 Ideal Cem 1 Ind 2 III Cenl 2 Ing Rand 3s InlandSt 1.60 Interlak 1.60 InlBusM A inllHarv 2 40 InMiner l.BOa Inl Nick 2a Int Pack 1 IntPap l.OSb Inl TT 1 ITE CklBrkr 50 23Vfl 23 15 52 19 3 7 35 47V2 26 12V4 12 45 23 3B VB I 101 109 53 31 S23A Cruc Stl .30 X149 24 7 24 7 Vt Cudahy Pk 28 8 Curt Pub 69 6 Vs Curt Wr 1 311 --1 --IVa 26 5 Op John 753.4 -i- VB 46 12 93 --N-196 17 56 67 84 71 30 66Va 63 26 7 21 36 35V2 117 33 92 76 83 53 33 28 112 23 28 42 29 53VB 39 116V3 118 71 54 53V, 7 55Va VB 67 36 7 36 7 -f- 38 105 --0-- 21 H- 121 42Va 80 12 12V, Unit Airc 2 Unil Cp UnFruil UGasCp 1.60 UnitMM 1 USBorx .80 USFrhl l.20a USGyp 3a US Indu5l US Lines 2b USPIywood 2 US Rub 2.20 US Smell 2 US Steel 2 UnWhcl UnMalch 40 UnOilPd 23 28 7 28V2 28 7 VB SO 3 79 79 70 -h 84 39 39 --1 48 18 130 24 24 152 25 18 Va 14 17 46 Va 15 S5V7 85V? 45 9 7 -f Va 23 62 62 484 106 7 8 100 --2 690 57 3 13 52 'GolfClub' Apartments Going Up Ground-breaking ceremonies initiated a S5 million plan for a plush apartment and commercial development on California Golf club property in South San Francisco. Participating in the official opening of the development were officers and directors of the California Golf club, South San Francisco city officials and officers of Club View Apartments, the organization undertaking the project. i i contractor for the complex is Harvis Construction, Inc. of South San Francisco.

Golf Club President Ralph Stiles of Hillsborough said Club View Apartments. has been granted a 55-year lease on ten acres of choice property located east of the house and fronting on El Camino Real. The goll club's holdings cover more than 200 acres between El Camino Real and Ju- nipero Seira boulevard. Siro Viacava, San Francisco plumbing and heating contractor, is president of the Club View Apartments. The project, which i be designed by San Francisco architect James C.

Gardiner, is expected to reach completion within two years, according to Viacava. In addition to the 300-unit de luxe apar'uiicnt buildings, the complex will include a bank, pro- essional offices and a department store. Poletti Realty com- any of South San Francisco is a easing agent for the project. 52Va 52Vs Va 273A 22V2 Owenslll 2.50 35 B3Vj OxfdPap 1.20 70 Pac GE 1 Pac Pelrol 1.20 PanAAir .80 ParamPict 2 ParkeD 1 PeabCoal .70 Penney i.20a 63 94 26 171 44 42 1505 37 40 71 nv, 33 -I i Zenith 51 VB 51 VB 1 VanAII 1.40b Vanad Cp Varian As VendoCo .40 Va Caro Ch VaEPw 1.04 Walworlh WarnPic .50 WarLam 70 Wn Air 1 Wn Bancp 1 Wn Md 1 WUnTol 1.40 WstgAB 1 40 WeslgEI 1.20 WhirlCp 1.60 WhileM l.io Wilsn Co 1 60 WinnDix l.OB Woolwlh 2.80 X8I 21 3 21 tV4 6Va 34 14 21 19 34 14 21 Worlhin 317 34 27 84 --W-23 32 83 26 7 32 62 7 63 5 23 22V, 726 32 22 740 39 70 65 31 12 38 X43 44 Vn -i- 1.50 .16 34 7 29V2 -I 3B 7 4 37V2 32 73 73 Va 34 XeroxCorp 1 YaleT 1 Yng ShT 5 la H- I PaPwLI 1.36 15 JohnsManv 2 JonLogan .70 JonesL 2.50 Joy Mfg 1 KaiserAI .90 KaysRo Kennecotl 3g KernCL 2.40 KerrMcG 1 KimbClark 2 Koppers 2 Korvetle fl VB 20 3 53 53 33 78 120 46Vi 45 7 X4 26 VB 118 457 457 --1 38 56V2 56 7 102 61 34 65 -f 46 15 15 --VB 350 35 34 7 95 Va 8 Vj --J-30 Vj 32 19 138 64 63 63 Va 19 --K- 55 34Vl 39 22 22Va 48 Vs It 76 4- Pa RR PepCola 1.40 Pfizer Phelps 3 Phila El 1.32 PhilaRdg Ib PhilMor 3.60 PhillipsPel 2 PilnBow 80 PilPlal 2.20b Pit Sleel Polaroid .20 ProclG 1.60 PSvEG 2.40 Publkln .341 Pullman 1.40 PureOil 1.60 RCA UOb Rayonier 1 Raythn Reading Co ReichC RepubAv 1 Repub SM 2 Revlon l.lOb Rexall ReynMel .50 ReyTob 1.60 Rheem Mfg RicnfOil 1.80 RobertConl I Rohr Corp 1 RoyDut l.Olg Royal McB Ryder Sysl SatewSt 1.60 StJosLead Ib Va 26 13 4f 175 42 204 27 57 132 27 Vi 14 36 36 122 10 77 77 i'7 186 54 7 55 14 49VB 50 47 57 100 164 203VB 1 80 38 6 6 7 35 28 68 45 --R-433 Two years ago Jan 1 lo dale 1962 lo dale 1961 lo date 28 45V2 H- 74 VB 221 71 21 21VB 7 35 81 15 7 15V2 346 44Vt 43V2 117 46Va 45Vs 38 7 40V2 Va 16 48 VB 27 13 StL SanF 1 26 35 4- StRegP 1.40b SanDIm .521 228 129 35Va -Va 13 13V. Approx l-inal Tolal revious day Week ago Monlh Year ago ago 53 288 283 12 93 120 120 143 66V? A 4,680,000 5,324,680 6,057,62 X.417,630 3,096,360 3,114,250 796,983,081 664,373,057 734,514,672 Sales figures arc unofficial Unless otherwise noted, rales of clcnds in Ihe loregoing lable are annua disbursements based on Ihe lasl quarlerl or semi-annual declaration.

Special exlra divideends or payments not desig naled as regular are identified in In following foolnoles. a--Also elxra or exlrns. b--Annual rale plus slock dividend, c--Liquidaling divi dend. d--Declared or paid in 1963 plu slock dividend, e--Paid lasl year. F--Pay able in slock during 1963, eslimaled cash value on ex-dividend or ex-distribulioi dale, g--Declared or paid so far thi year, h--Declared or paid after stocl dividend or split up.

k--Declared or paii this year, aan accumulative issue will in arreas. p-- Paid this year dividends dividend omilled, deferred or no aclio taken at lasl dividend meling. De clarecl or paid in 1962 plus slock div dcnd. I Paid in slock during 1962, esl maled cash value, on ex-dividend or ex dale. z-- Sales in full.

eld Called, Ex dividend, Ex Div dend and sales in Full, x-dis-- Ex distribu lion, xr-- Ex rights, xw-- Without war rants, ww-- With arrants. wd-- When dis Irlbuted. wi-- When issued, nd-- Nexl da' delivery. vi-- in bankruptcy or receivership being reorganized under Ihe Bankruplc Act, or securities assumed by such com panies. JACK K.

DURNFORD, executive vice president of Panson's announced today that Pauson's would open their new llillsdalc store tomorrow. Pauson's has recently purchased Harris a Clnthinff and have been completely remodeling (he Hillsclalc store. Panson's is number one in the United States for Brand Name merchandise, and have won severnl top nwarrts for Brand Name advertising in recent national contests. The Hillsdale Pauson's store will feature a complete line of men's, women's and children's wear. Mutual Funds Price ranges for investmenl companies, as supplied by the National Association of Securities Dealers, were as follows: Bid Asked Afliliated Fund 8.52 9.22 Capital Life B.

Gr. SIR. 1 2 1 9 13.35 Commonwealth Inv. Co 10.27 11.22 Dividend Shares 3.60 3.95 Dreyfus Fund 18.48 20.00 Eaton Howard Stk Fd. ...14.58 15.75 Fidelity Capilal Fd.

9.47 10.29 undamenral Invstrs. 10.34 11.33 Keystone S-4 4.46 4.87 Mass. Inu. Trust 15.73 17.19 Mass. Inv.

Growth 8.70 9.51 Putnam Growth Fd 9.16 10.01 T-V Electronics 7 7 7 8.47 United Science 7.22 7.89 Wellington Fund 14.93 16.27 United Accumulative Fund ..15.36 16.79 United Income 13.00 14.21 SUGAR DIVIDEND COLORADO SPRINGS board of director's of Holly Suga corporation declared a quarterlj dividend of 40 cents per share the corporation's common stock payable Nov. 1, 1963, to stock holders of record Sept. 30, 1963 The previous quarterly was 35 cents per share. The Times, in Msfea, Wednesday, September 1963 HAROLD BADGETT Stocks Top Record High At the Start DOW JONES NOON A A Industrials 741M up M3 20 Rails 172.64 up 0.55 5 Utilities 143.79 up O.T1 5 Stocks 263.41 up 1.18 Volume to noon 3,050,000. NEW YORK (UPI) Stocks highballed past the all-time high set last week just after the open- ng today.

The Dow Jones industrial average shot up to 741.67 and Standard Poor's 500 stock index showed an opening gain of 0.25. i a electronics a steels were strong. Spencer Chemical rose 4 7 on a delayed opening on news the company will merge with Gulf Oil. International Minerals and Chemicals picked up also on merger news. Du Pont.

Union arbide and Stauffer all added more than a point. IBM jumped 4 and Electronic Associates and Texas Instruments racked up more than 2 each. Beckman, Control Litton High Voltage Engineering. Min neapolis Honeywell, Electronic Specialities and Lessons all addec a point or more. Continental Steel picked up I 3 and Jones and Laughlin.

Repub lie and U.S. Steel managed large fractional gains. Chrysler ad vanced and Ford tacked on Sterling Drug shot up Bruce Heads Builders on Peninsula Wallace Peninsula general contractor, was selected to serve as president of the Peninsula Builders Exchange and Construction association for the 19631964 year. Heading this construction industry association, together with Bruce, are Sam Goldblatt, Peninsula Electric company, vice president; Don Refvem, general contractor; secretary; William White, general contractor, treasurer. Reflecting a recent change in its by-laws, the association board has.

been enlarged so that each segment of the entire Peninsula building industry is represented on the board. Bruce stated that an increase in the board of directors was necessary in order 10 with the 'e '-growing com- 11 xities posed by modern construction problems The exchange IMS an additional 3Ci room in Mountain' View as well as its large administrative- of- ces and plan room in San arVs. MARKETS AT A GT.ANCE NEW YORK (API- Stocks--Higher; heavy trading. Bonds Mixed; Governments higher. Cotton Irregular; liquidation and short covering.

CHICAGO: Wheat--Mostly higher; genera: buying. Corn--Mixed; new crop months easier. Oats--Lower; scattered selling. Soybeans--Strong; bullish crop report. Hogs--Steady to 25 cents low ev.

top $16.50. Slaughter steers--Steady to 25 cents lower; top $25.35. Hudson Tops Finance Keith P. Hudson, vice president and treasurer of "Window Engineering and Manufacturing company has been elected president of the San Francisco chapter oi the Financial Executives institute. for the 1963-64 term.

Other officers elected, first vice Glenn KV. Mowry. "California bank;" vice president, J. Ptrfllip Crocker-Anglo treasurer, Hugh A. Eyerly, Cutter labor's- tories.

and secretary, Stuart W. Lundberg. Rucker company. New directors are: Verne B. Bonnette, Schmidt Lithograph company; Walter Cameron, Fireman's Fund Insurance group; Joseph P.

Donnelly, Scott company; Mansel A. Hopkins. Lockheed Missiles and Space company: Drew Leonard. Utah Construction and Mining company: Martin McKee, Standard Oil Company of California, and Richard. E.

May Bechtel corporation. total sales of commercial rotary- winged aircraft. The craft sells for 22,890, and 202 were sold in the past 21 months through more than 70 dealers in the United Sates and overseas, the firm said. Over tlip Counter' Followinq are bid and ask quotations on unlisted slocks furnished by the Na- ional Association of Securities Dealers, inc. They are intended only as quide to the approximate range.

American Express Arqonaul Insurance Ailec Oil Gas 3ank of America Bank of California California Liquid Gas Central Valley Bank lilizens Utilities Irocker-Anglo Bank 3ymo Industries Eilel-McCullough Firsl Surely Corp. First Weslcrn Financial -rnnklin Life Insurance 3oldcn Gale National Bank Hanover Insurance Insurance Securities Interstate Vending Kaiser Sleel Langendorf Bakeries Lucky Stores Pabst Brewing Pacific Consl Holdings Pacific Southwesl Airlines Sierra Pacific Power Standard Poor Systron-Donner Thrifty Drug Jim Walter' Corp Wells Fargo Bank Wesl Coasl Life Ins. Weyerhauser Timber Bid. Askcrt 10V2 21 70Va 38 61 41 56 36 24V3 58V3 19 46 .18 .66 40 2 2 2 1 5 3 9 23 .13 381.3 78V3 17 7 37Vn 40 3 28 903, 65 Farm Markets SAN FRANCISCO (UP!) FSMNS--Vegetables: Artichokes, local, 2.50-2.75 Beans, all districts, Celery, Monterey, 2.75-3 Squash, all districts, 2.25-2.50 Tomatoes. S.

Clara, 1.75-2.25 Broccoli, all districts, 2.50-2.75 Carrots, all districts. 1.75 Cauliflower, local, 2.50-3 Com, all districts. Lettuce. Monterey, 1.50-1.75 Onions, S. Clara, 2.65 ROTP You are invited to attend two SPECIAL INVESTMENT LECTURES September 18 and 25 "A POSITIVE INVESTMENT POLICY FOR THE MONTHS AHEAD" A poiifive plan ol action will be suggested for investors and will be welcome this two-part lecture, to be conducted by William H.

Ellis, Account Executive of Dean Witter Co. Among Ihe subjects lo be discussed are: Portfolio planning and balance; mutual funds; municipal bonds and industry surveys. The public is invited without charge. Lecture! to be held two evenings Wednesday evenings September 18 and 25 Beginning at 7:30 p.m. at Ihe Office of DEAN WITTER CO, 215 East Fourth Avenue, San Mateo To assure reservations call DEAN WITTER Co.

Members: New York Stock Exchange Pacific Coast Stock Exchange and other leading security and commodity exchanges. 215 East Fourth Avenue. Sen Mafeo 50 Offices Serving Investors.