Daily News from New York, New York • 58

By GERALD M. CONNORS from the Atomic Energy Commission and rose 2'4 to 67. A nMlimi'tittrtf nrpantanf 4-a vt A-r-fWA. ITninn TnV NEWS" of bus i oess The stock market is supposed to reflect the nation economic health yesterday it Car into Litton Industries was announced and CO reflected its heart. The shame from the Union grained 4 to 91.

Litton eased to 82. Ling- MOST ACTIVE STOCKS NEW YORK EXCHANGE Temco-V ought hasn reached its tender goal of 5 events in Los Angeles numbed Wall Street Chna. CIOM as it did Main Street. Traders went through DOW JONES AYEKAGtS Vester- Year's Year day Chan96 Hi9h Low 30 Industrials 907.4 9 21 919 31 10 Rails 257.14 1.46 2M.4CI J14. 15 Utilities 12J.9I 0.04 135.93 119.79 45 stocks ti J.3J 325.74 290.09 DOW JONES INDUSTUIALS 34 Ik 67 -I7H HW -1H -41 378.700 Brunswick Goodrich 325.700 Bunk Ramo (nw 24.800 Glen.

Alden 141 una sco Inc 1 5' .000 Pec Pet Ltd) 137,900 Am Tet Tel 131.500 Am Photo 114.500 Pan Am Air 113.600 Parke Davis 111.400 Occident Pet 110.400 Comm Credit 10. 300 Benouet 99.900 Infl Paper 94.100 Atlas Corp 31 10 17 24 31H It -47H to 4 Ml 1 S3' 14' J2'4 44 S7H -a PS E-t 94.800 Hooker Ch luciirm EXCHANGE 174 mo Sibonev Corp 3' 12' 22 '4 116.000 Castleton Indus! 101.900 Kaiser Inouil 96.5"0 Wesiates PetroL. 91.200 United Asbestos- million shares of Jones Laughlin. The $85 a share offer expires today. Ling tacked on to 127 and slipped 1 to 78.

Other steels weakened. Bethlehem gave up U.S. slipped Crucible 2 at 27, and Republic dipped i. Glamors Turn Lower Auto shares reflected peak My sales. Chrysler and Ford advanced fractionally, GM gained 114 but American lost Chemical numbers were depressed.

DuPont slid Allied Chemical and Union Carbide S. Glamors tarnished. IBM retreated 4, Motorola 3, Fairchild Camera 3, Burroughs and Scientific Data Systems 5. Scared money took its traditional refuge in gold shares as American South African jumped 4T to 68 and Dome Mines rose 5 to 64. Goodrich placed among the actives with a gain of 34 The recently hyper-active American Exchange saw 334 issues close higher and 544 lower.

Turnover quieted to 8.2 million shares from Tuesday's 10.1 million. The Chicago Crime Commission commended the present management of Amco Industries for taking steps to rid itself of alleged ties to mobsters. The vote of confidence helped the shares to gain 2 to 10,4. Aerovox Corp. and Essex Wire cancelled a planned link-up.

Aerovox slid 4 to 14 i while Essex Wire dipped 1 to 56 on the Big Board. STOCK AMD fONO SAlMS i 'in the motions, but few really seemed to care whether the value of those pieces of paper went up or down. But prices went down for the most part as slow, steady selling set in after overnight buy orders were filled during the first hour. The pros had looked for a continuation of Tuesday's wild exhuberance which, some said, signalled an early start of the traditional summer rally. A pileup of sell orders kept the New York Stock Exchange's high-speed ticker three minutes late at the close.

Volume was high at 15.590.000 shaTes. but well below Tuesday's 18 million the third biggest day in the Big Board's 175 years. Williams. ACF Zoom Dow Jones index of SO blue chip stocks, down 4.82 at 3 p.m., ended minus 9.21. mirroring the late precautionary selling.

Standard Poor's 425 industrials gave up 0.55 to 109.33. The steady selling was described as "unemotional'' and the most active list indicated this as six of the 15 gave ground. Stocks declining totaled 779 while 558 advanced. A few special situations stood out. Word that Williams Brothers and ACF Industries plan to merge zoomed both ahead.

Williams added 146 to S6 and ACF 11 to 59. apparently wrapped up a five year contract at $115 million a year -I7J Yesterday Toesdav Y. E.ch. Stocks IS-00 ArneK Stocks 4.JJ4.O00 10.190X100 STeBo75Trl 5.940.000 -H-400 000 ISSUiS TtADiD MGHI Close f. LOW I New New Total Gained Lost Miens Low Yesterday 1.543 550 779 10 15 Tuesday I.SS Nl 411 II ErtwtfW l.0ll 544 115 1 Tuesday 1.014 520 377 111 ODD-LOT TRADING Bought bold Short Totat Sold June 4 067,571 S.09I 1 jj June 3 799.9M 5.472 952.245 U.S.

TRE4SUKT FIGURES Cash Balance 'nlernal Revenue HJ.VIljr 2 -I? -X -5 flhf .111 ll.l. Illlllllllllllllllll II llil 1 1 1 1 1 1 1 1 1 1 1 1 I i 1 1 1 1 1 Sobs in MKom 7 British Go to IMF tor Jfarc Off to Catch Up: he prold crisis may be over but the memorv lino-prvI nn vpafprdsv i TJif i The gold crisis may be over but the memory linered nn vpstprrlav a J.J announced it will borrow $1.4 billion from the International Monetary Fund to settle debts, and the ILS. Treasury revealed secret deals with four European countries early this year to support the London gold pool. The British move followed by; helping to maintain the pound, one day France's $745 million Along with the draw, the Brit- the British government said. Re-IrW the IMF wil1 take 'h announced their gold and dol- payment will restore borrowing $17 million in gold from the U.S.

l-r reserves dropped $26 4 million 1 privileges in the same amount, stockpile in order to purchase the in Ma to sUnd at S2.745 billion In Washington, the Treasurv various currencies requested by confirmed rumors that helped France. Reserves Drop spur the rush jn March Dollar Drops And along with the draw, the The rumors said the U.S. was The U.S. dollar dropped 80 British announced that their gold replenishing the gold that several points in the Zurich foreign ex- 1 dollar reserves dropped $26 A European countries were con- change market on news of the SlffiST t0 SUnd 8t i45 I 7 J.i. gold losses were being ron- jvrnneoy snooting 10 close at i ne $1.4 Dillion is part of i ppalerf hv thii molhru.

Th 4.300515 Swiss francs. Financial securities industry committee yesterday recommenoea me closing of the New York Stock Exchange, the American Stock Exchange and over-the-counter markets for four days the next three Wednesdays and the Friday following the July 4 holiday. According to Dow Jones News Service, the Amex'a board of governors voted for the shutdown during a meeting yesterday, contingent upon similar approval by the Big Board's governing board. Under this new proposal to solve Wall Street's paperwork jam, the exchange clearing corporations and member-firm officea would be open and staffed with back-office operations personnel. The strain caused bv the frantic stock activity already haa caused one NYSE member, Pickard to collapse and th exchange is overseeing that brokerage house's liquidation.

Another, Clayton Securities has stopped doing business with th public as it attempts to square away its accounts. The proposal was made by the Ad-Hoc Committee on Office Operations, a joint group representing of major segments of the securities industry. The closing days would be June 12, Jun 19, June 26 and July 5. According toDOYLE By WILLIAM A. DOYI.E Thk News Business Editor Q.

In October, 1957, on the advice of a stock broker, I bought 50 shares of Consolidated Edison $5 dividend preferred stock, at a total cost of $5,128.59. He said it was a good investment and would not fluctuate in value because it is a preferred stock. As I understand it, my stock is now worth only about $4,000. It pays me dividends of $'350 a year. If I sold and put standby credit arrangements made by the IMF and Britain in November when the pound was devalued.

The money will be used Treasury confirmed that Italy. Belgium, the Netherlands and Switzerland all bought gold from the U.S. Italy purchased S184 sources said the price of gold on the free market was expected to rise after what traders considered a new demonstration of American social instability. to repay short term debts to million, the Netherlands $48.5 overseas banks which have been and Belgium and SwiUer- land $25 million apiece. Selected Stocks, New York Exchange ine goia pool was aooiished in id-Ma re ending the crisis and i establishing a two-price system for gold.

British Treasury circles de- Sales Last Ch'ge. 87 20H 210 30" 4 401 141 36 "2 175 11 340 2i 127 65' 2 88 52' Aamiral Air Red A lean Alu Allied Ch Alcoa Am Airlin Am Bdcast Am Can 541 25' Am Cyan Am Elec Pw 173 35. Am Exp 129 58' "i -r Am FdV 385 20 Am Motors 452 13 '1 Am Photo 1315 18' Am sme loz Sales Last Ch'ge. Here Inc 139 41' Hess 08.C 200 52 4 Honeywell 137 132 Int Bus Mch 299 365 4 Int Harv 221 32" Int Nick 245 Ui Int Paper 979 i Int Tff. 427 56 Itek 101 113' 3 John Mans 114 68 "7 I '4 Jones 425 78' 1 Kennecort 189 41 KLM Airl 190 59 Kresge 124 96' 2' Leh Por Cem 35 16' Lehman 68 fc Lk9 My 67 794 lii Litton Ind 711 82 Lockheed 138 57H V.

Lone St Cem 78 24H Long Is Lt 42 25s Madsn Fund 52 31' Vi Macy's 119 38 Magnavox 211 11 McDorm 589 53? Merck 164 I. MGM 79 43 4 Minn MM 135 Mooil Oil 219 45' Monsanto 201 Mont Ward 415 35 AmTtT 1331 48' the $4,000 in a savings account. I would get only $200 interest. I am a senior citizen and want as much income as I can get. What should I do? A.

Unless you have been checking the market price of that stock, lately, I'm afraid I have some more bad news for you. As I write this, that particular issue of Consolidated -Edison preferred is trading at $76.50 a share giving your 50 shares a market value of $3,825. Along with other straight preferred stocks, this one has turned out to be a sad investment over recent years. But, if you'sell, youH have find another place to put your money to work. And youH have to get better than 6 percent just meriws is e-nsklering the needs of countries which vant to switch their monetary reserves out of pounds.

Bond Sales Rise Last month, for the first time since February, Americans bought Series and bonds than they redeemed, according to the Treasury Department. Sales of 432 million exceeded redemptions by $14 million. Interest on and bonds increased to 4-25 June 1. Build Permits Rise Builders in the nation's ZOO largest cities filed for 19.9 more permits in April than they did in Dun Bradstreet said. They hit a total value of $1,167 billion, second highest on record.

Am Tot 155 33 It Anaconda 593 Atchison 196 34' BeU How 104 83a Bendi 7S 41H 4 BethStl 333 31' Bklvn Union 8 28' i Boeing 444 71 1 Borden 161 334 Bora War 173 32's Brunswick 3787 U' 7 Burl Ind 21 46H Burroughs 125 213 3 Carrier 43 77Sfc 2' Cater Tr 107 40'i Celanese 179 55 Chese-Ponds 36 42 Chock Full 64 20H "4 Sales Last Ch'ge Phil Mor 28 55' Phill Pet 174 59" Polaroid 239 120 i Procter 60 94' Pub Set- EG 85 30 RCA 350 49'-4 Raytheon 81 105 1 Reoub Stl 136 44 Rev Ion 44 87 RevnMet 158 43 Reyn Too 182 41 Roan Sel 186 Royal Out 67 45 "i Safeway 100 27' St Reg 138 32" 1 SCM Corp 439 47. Scott 240 29 Scovill Mfg 36 41' I SeabCLRR 28 47. Sears Roe 87 Shell Oil 129 671 4- Sinclair 228 84 Singer 79 83 So Cal Ed 96 32 South Pac 185 33 4 Spartan Ind 401 26 Sperry Rd 549 Si' St Oil Cal 279 61' St Oil Ind 173 52 1' St Oil NJ 716 67 Stevens JP 32 62 1 Tenneco 176 27 Swift Co 214 24'. Texaco 242 79 Tex Sul 673 43 1 Texas Instr 336 100 Thioko! 160 18' Tri Cont 7S 30' Trans Air 158 38' Un Oil Cal 293 63 Un Carbide 721 42' Un Pac 401 51 1 Un Air 813 40' Unit Fruit 80 54 1' Uniroyal 62 53' Unit Aire 147 69 2 US Gvpsum 84 82' 1 US Steel 276 39 West Union 238 45' Westg El 345 72 Woolworth 107 25 Xerox 143 306 1 Zenith Rad 249 58 4- 1 Chrysler CIT Fin Cities Svc Coca Cola CBS Coium Gas Comsat 518 6S 120 3V 452 S31 119 li 133 57 113 76 123 I. 234 32' 4 Vs 181 241 Con Edis Contl Tel Nat Air Lin 132 Nat Bisc 29 48 Nat Cash 73 147H i Nat Dairy 81 42 Nat Dist 100 38' V.

Nat Gypsum 152 601 Nat Steel 184 47 Niag MP 192 Norfolk Wst 32 96' i Northrop 65 40 Nwst Airl 177 834 7 Nwst Ind 18 171'. 3' Olin Math 214 35' Owens CG 34 79 1'4 Owens III 120 11 PacGasEI 69 37 PanAmAir 1144 22 Pan Am Sul 267 36' Parke Oav 1136 31 Penney 30 82' Penn Cent 289 80 v. PepsiCo 123 49'4 Pfizer 61 76i Control Dat 398 161 11 Corn Prod 206 38' Corning Gl 21 34 Curt Wr 225 28' i to equal the $250 a year you are now collecting in dividends. The whole point of buying preferred stock, at anv time, is to get the fixed dividends such stocks pay. With Con Ed preferred, you know you are going to collect S5-a-share dividends, vear in and year out unless the company calls in the stock- and redeems it.

And that's not about to happen. Market prices of preferred stocks do fluctuate, as you learned the hard way. When interest rates go up, the market prices of fixed-income securities (preferred stocks, bonds and such) go down. When interest rates go down, market prices of fixed-income securities go up. We're in a period of high interest rates.

So, you and many, many other people who bought preferred stocks and bonds have seen the market values of your investments decline. That stock is providing the steady income you want from it. A younger person might consider selling it and buying something else that. W'nefully, would grow in value. But.

as a senior citizen. I doubt that you should do anything except keep what you have. Deere 84 54' 1 duPont 185 158 Ti East Air 465 36' East Kodak 251 1 El Paso NG 261 185 Fairch Cam 232 72' 3H FairHiller 458 20' Fed Str 52 78" Ji Firestone 292 56; 4 First Nat Str 36 32. Ford Mot 298 5ff ForenvMcK 106 249 GenDvnam 97 55 American Exchange Gen Elec can give detailed answer Doyle welcomes reader mail, bat Auto Sales 12 Over HS7 The auto industry sold cars in the first five months-of the year, a 12.5 increase over" the same period last year. All four major auto companies rolled up sizable with Chrysler showing the most impressive percentage jump at 19.

General. Motors and Ford showed increases of between 11 and 12. GM sales increase amounted to 194,405 cars since the first of the year. The indua-, try predicts that 1968 new car sales miHfort. Aerojet Gen 32 29 Alleg Airl 86 27 Ark La Gas 86 35 Asamera Oil 417 7.

A Brazil Lt Pw 192 16'-. Campb Chib 91 8,1 Can Ex Gas 208 6 A Can Sup Oil 64 40' accept telephone inquiries. only in rolamn. He cannot KawecKI Ch 42 38 La Land 72 70V. MenascoMfg 247 39' 4- 1 Microdot 80 47 1 Mohawk Air 63 Molybden -128 38 4- Natl Video 104 15' Potter Inst 69 31 Research-Cot 7 127 21 Scurry Rain 258 31 "4 Shat Oenn 22 7V.

Signal Co 502 41 1' Silicon Tran 26 I6m Sol 1 Iron 488 45V. Std Metals 50 Svntex Cp 140 67 1 Technicolor 235 34 TWAavt "In 1 00s. Ex dividenti. 1 179 875 115 5-i 547 81 1 456 85 37i 206 29 1 71 52 Vfi 127 44 1 3260 6214 34 292 55V. V.

173 38' 62 21'4 105 28 37 ST 1S4 80 3Vi 367 71Vt 38 78' Gen Foods Gen Instr Gen Mot Gen Tel El Gen Time Gen Tire Gillette Gimoei Br Goodrich Goodyear Grace Co Grand Un Grt At. Gt Nor Ry Greyhound Grumman Gulf (XI Hecla Min CompuDvne Comput Sc Creole Day Mines Deltona Cp Dixilyn Cp Fed Resrc Frontier SEC Rate Deadline Persons- who want to participate in the upcoming bearings on the stock brokerage commission rate structure have until June 21 to notify the Securities Exchange Commission of their 1 89 7S 137 59'. 3V4 32 37V. 80 27 92 35 2 190 35 205 9' 32 15 13t WE ARE BUYING SILVER CERTIFICATES FOR LATEST DAILY PRICES Phone WOrth 24020 DudlilM Jun 20th, IN ALAl JAY ROSENBERG, IRC. T1- YORK.

MOM Gen Ptywd Kaiser 4nd- IW 22 4- 4 Kaivex 665 4-.