Sunday Gazette-Mail from Charleston, West Virginia on June 23, 1974 · Page 23
Get access to this page with a Free Trial
Click to view larger version
June 23, 1974

Sunday Gazette-Mail from Charleston, West Virginia · Page 23

Publication:
Location:
Charleston, West Virginia
Issue Date:
Sunday, June 23, 1974
Page:
Page 23
Cancel
Start Free Trial

Page 23 article text (OCR)

Jim* 23, 1974 Ssaufcy C«*.-jei*». Bank's Woes Crow By Stepfe* H. Miller NEW YORK - tf» - In 48 years, Franklin National Bank has grown from a little._ _ -_. ^- -m ~rv ~m known Long Island operation l\lmm* V"k-»«I/» fV /%*^fftS-«*1 SVV* to one of the nation's biggest i yew i OTK HiXcnunge «* ^^ ^^ By week's end, it found it- YORK (AP! - New York Stoc.- Halburt 1.20 781 152% IM'/fe 146 -6'A Squibb 1.68 2V4 8i4» 8J 83'A -1% Self With a former Treasury .--A- Exchange tradina or the week (selected HarrisC 1.12 68 23% 22 22ft -I'A Squibb n 162 42% 40'A 40'A -2ft secretary at its head an 3D- · HarteHk .20 16 10'A 9'A 9'A -1 StBrand 1.83 348 56'A 54ft 55% - % M *- Ieu "J " lu - TM u . «"» d P~ Heciaw .sot 293 23 w/8 22'A + % stdoiicai 2 2168 27'A 26'A 26'A -I'A parent!}' growing rate of Hercules .80 1052 43 41 42 -1 StOilInd 3.20 1135 85'A 82 82 -3'A hoavv w i t h d r a w a l s anH a Heublein 1 355 46 42'A 42% -3'A StOilOh 1.36 475 54ft 52% 53 -1% «edVJ WHIiarawaiS -- and 3 ., HewltPk .20 1101 89 83% 84'A -4% StauHChm 2 216 49'A 47'A 47ft -1% lOSS 01 HlOTe than $50 million " el HoerW .15h x231 14ft U'A U'A -I'A SterOrug .65 695 27ft 25'A 26% -1% nn , ho hnntc j ^- . AbbtLb 1.32 208 55ft ACF Ind2.40 62 42'Vs Ad Willis .20 17 4 Addres .30p 516 AetnaLf 1.08 2499 AifPrd .20b 707 55 Airco .80 134 I Hi 11 Akzona 1.20 26 19^ 18 AttanAI 1.20 582 29 2? i _ » rttn rn " cl · * .uii Aiji mvo ij« tjfi l/b ' 55," V f c Holt Elctrn 74 5'A 5 5'A + '/e i a» * '« Hol «iay .32 748 12'A 11 11 -I'A ,, L'. I '" HoMySu 1.20 193 18% 18 18% -e «'« «/« ·» Homestke I 1678 43'A 40 43 +1% ;," ', ,i 3 . I, Honywll 1.40 14Z. 63*8 53% 55% -8% t,," 1,,, i, HouseFin 1 668 15 U'/j 14ft - '/e jl 4 ?i/2 ~L fa Lionel O l AQ Old *il in"**, *i ._ f... nn °1 Still, the bank and federal .,v« ,nOi..98 18 J .i - 1.48 Howmet 1 Idaho P 1.86 AHogCp 46e 140 38 AlldCh 1.50 AltdStr 1.50 AltisChal .26 Altoa 1.34 AMBAC .50 A Hess 30b Am Airlin 87 29V 2 27'/4 27'A -21« 447 16Vi 15** 16 1083 201 116 1233 82 1224 20 18% 18% - ft 21 - ft 56 15'A 14% 14% - % 124 24ft 23'A 23% -I'A 538 16 14% 14% -1% 16'A 15'A 15'A -1 1197 9% 8'/b - '/B IntAAinCh 1 InlNick 1.40 A-BrndS 2.56 318 37% 35ft 36%- 'A Mp, n i in, .80 370 25'A 23% 24% - % I^VyTM Am Can 2.20 200 28% 28 28'* - 'A ATyan 1.40 1386 21 20% 20ft + '/i AmEIPw 2 3226 19% 17'A 17% -1% " a "* '· 4156 44'* 40'A 40% -3% VPW.IC i i 644 38ft 37% 37% - % JewelC AmHosp 30 AW1IICI 1.65 762 4l'/j 40'.i 41V 3 AmMot .10e '.319 6V B 6 6'/ 8 7 i;j 2.54 % 7» 34% 33'A 34'A - 'A 871 28ft 28'A 28'A - 'A 761 48ft 47'A 47% - 'A IntTT 1.40 3288 20% 19'A 19% -1 laBeet 2.071 37 17% 17 I7'A -1 77 15%' 15 15'A - % 151 lift 10'A 11 - % 217 40 36% 36% -3'A JhnMan 1.20 470 18'A I7'A 17% + 'A JonLoo .80 629 Stevem.JP 2 152 29 27'A 28'A StevenJP wi 33 14% 13% 14% 132 91 30'A 26% 27 -3'A cc . . , . .. 122 40 38ft 39 -I'A officials indicated the bank re- Dor, 39 5% S'A 5'A - % ma i ne( j solvent - aided by funds loaned by the Federal Reserve. ·'20 .» «% VLA ii'A -A And whil e J«st what went Teiedyn .4ot 1160 U'A u% U'A - 'A wrong remained unclear. 323 4-te 4 4'A.- 'A 281 2ft 2% 2% - 'A 916 21'/e 20'A 20'A - % 834 18% !7'/e 17% -1 6112 25'A 25'A 25'A - % 70 522 28% 25% 26'A -2 Texlnst 1 2086 98% 91'A 92% -S'A TexPLd ,55e 26 23'A 23 23'A + 'A Textron 1.10 447 U'A 16% 17 Thiokol .50 314 15% U'A U'A - 'A TimeMir .40 360 15% U'A 14'A - % Timkn 1.80a 105 30'A 29'A 29'A -I'A Trans W Air 581 10'A 9'A 9'A - % Transam .59 3526 7% 6'A 6'A -1 W3S P 31 " 1 ° f * vastly wider picture in the A-Smelt 1.50 546 20ft 19'A 20 -I'A^",^" TM AmStand .80 244 14% 13 U'A - % ,°t/^n 1 50 ATT wt 1354 2% 2% 2% - % -"^""'H '·» AmTT 3.08 3348 47'A 45% 46 -1% AMF In 1.24 365 !9'/j 16% 16% -2% AMP Inc .33 1486 42'A 39'A 40'A -2% -Ampex Corp 156 3% 3% 3'A KaisAlu .75 Anacon .65e 404 23% 21'A 21% -2'A KanGEI 1.56 250 13'/a 13 13% AnchrH 1.08 54 16 15'A 15% + 'A KanPLt -1.52 311 17 16'A 16% - 'A Uniroyal .70 Franklin announced May 12 that unauthorized foreign currency transactions had been uncovered and it was recalculating the first quarter financial report which already 63 19% 18% . 8 f t - ' A » -- '- ·« « «, -, showed it made only $79,000 in s? 14% 13-A 14 + % TRW ln '12 571 15% I4% 15 ' /8 - '*· tne period, down from $3.1 ,39 36% 34 34'A -2'A ^""".2* 2445 28ft 25* 25V, I 3 » milli0n ^ yTM before. KLM-- VTMTM iw il* $£ lo'/ali" 8 Several observers have con- 281 17% 16% i?'/8 - % Unocal 1.98 480 38 36 36 -i'A chanee Droblenis ramp a't Vj UPacCp 2.40 394 74 'A 72'A 72% -1 ul «''6 e pIO01«HS) LdlllC d ar . * s 8 - . j j .1. 4 t i_ r un Eiec 1.28 666 u'A n% ip/ 8 - i« tended that the loreign ex- 6 -i'A chanee Droblenis ramp a'ton 2% -1 ul «''6 e pIO01«HS) LdlllC dlOp sis 8% 8 tto - ve other woes resulting at least :'% in part from loan policies em- - va ployed as Franklin worked for K J Apeco Corp 160 1ft 1% 1% - 'A Katy Ind 94 4% 4'A 4'A UnitAirdt 2 191 28% 26% 27'A -I'A ; n nar ( t rnrn | nan nn |: P ; BB B m ArchDan .25 332 16 14% 15% + »i KayserR .60 30 15% U'A 14'A - % Unit Brands 320 6'A S'A 5% - % m J Jdrl lr ° m ' Odn Polities em- Armco 1.203 444 21ft 20'A 21% + % Kellogg .60 222 15!* 14% U'A - 'A UnitCp .75e 119 7'A . . -- ... . . . ArmstCk .92 654 27ft 26% 26% -I'A Kennecott 2 1234 35% 32'A 32% -2% UnMM 1.40 AshdOil 1.40 188 20Va 19% 1 9 % - % Kerr MG .70 609 70'A 66'A 66% -3% USGyps 1.60 AsdDrG 1.40 213 28 26'A 26'A -1% KimbCI 1.44 286 30'A 27ft 28 -2 US Ind .72 Atl Richtl2 1260 92 87ft 89'A -I'A KnightN .32 121 36'A 35 35 -I'A US Steel 2 AMas Corp 187 1ft 1% 1% Kopprs 1.88 217 50'A 46ft 47% -2% UniTel 1.04 Atco Corp 208 5'/n 4'A 4'A - Mi Kraltco 1.92 338 40ft 39% 39'A -I'A UnivOilP .70 1102 16'A 15'A 16'A Atnetlnc .30 300 7'A 7'A 7'A - 'A KresgeS .22 2124 37'/a 35% 36'A -1 Upiohn .96 1236 84% 78'A 79'A -S'A AvonPd 1.48 2053 5 1 ' 47% 48 -3% Kroger 1.36 169 20% 19 19'A -I'A UV Ind 1 171 23% 22'A 2 2 % - % LearSieg .28 184 4ft 4'A 4'A - '/a Varian .20 231 9% 8% 8% - % LehPCt .80a 60 16% 15% 15% - 'A VendoCp .40 34 5'A S'A S'A - 'A 199 !'% Is* ! 78 % 13*5 a bigger share of the S M ^ JS:,% York bankin e" 783 U'A 13 13 - 'A THIS WEEK, Franklin an- D LehPCr.SOa '60 16% 15% 15% - 'A VendoCo .40 34 5'A S'A S'A - '/i HOUHCed the HCW figUFCS: 3 ·O LehVal Ind 58 I'A I'A I'A + 'A Vetco Olfsh 123 24 23'A 23'A -I'A lOSS Of $40.4 million for the BabckW .80 383 22'A 19'A 19'A -2% Lehmnl.lUe 352 12% 11% 1 1 % - % V a E P w 1.18 6069 10 S'A 9'A - 'A *:.,,» nllflrtpr l ar(T p| v f rnm B|IGE i.96 1898 15% is is'A - 'A Levin. PI,TM 6 3 6 _ 3 _ _ 3 _3|A - ' A ,,,,,,,,, · urst quarter, largely trom foreign exchange operations, BauschL' .42 653 25% 24% 2 5 ' A - % LOF 2.20a 194 26% 25 25'A -1 BealFds .65 1222 19% 18% 18% - ft LibbMcNL 110 5ft S'A 5% + 'A Beckmn 50 175 32'A 29 29ft -2% LiggMy 2.50 93 28% 27'A 28 - 'A .50 6 - ft Litton .at 577 18'A 17% 17% - % 360 3'A 2ft 2ft - % 1265 29% 29'A 29'A - % BbiseCas .50 668 15% 15 15 - % BbCden 1.20 386 21% 20'/a 20'A -1ft BraWar 1.35 231 18ft 19 18'A - % LVO Corp BHstM 1.52 802 54% 51'A 51'/a -3% Lytes Yngst BHtPet .37e 707 9% 9'A 9'A - % Macke .30 BVunswk .32 650 15% 13ft 14'A -1 Macmill .25 BUyErie 1 193 26'A 24ft 24'A - 'A Macy 1.10 - ··- " 107 103/4 10'A 10'A - 'A MadFd .90e 38 10'A 9% 9% - 'A Magvox .15p 929 8% B'/u 8% -I- 'A 228 4ft 4'A 185 16% 15% 2421 14 11 1.50 210 23'A 22% 1.46 1321 12% 10% if .15 1839 16ft U'A BUddCo .80 BblovaW .70 BVnkrRa .40 B\jrllnd 1.60 306 ll'A 10'A 10% - % 54 24ft 23'A 2VA -I'A 2264 7'A 6% 7 + 'A 598 S'A 7'A S'A + 'A 39 4'A 4'A 4'A - 'A Winnebago 251 5 4% 4% - 'A 120 15'A 14% 14% - % 674 9% 9% 9'A 869 S'A 5 S'A + 'A WXYZr-- .76 165 19 IS'A 18% - 'A f" d * 1!U mill[on 10St SinCC 14 1446 30'A 28% 28'A -I'A then. 40b 601 12'A 12 12 -1 .40 418 20 16'A 16'A -3'A '.w 0 2334 16* is'A i°'« - 'A cign and domestic depositors 'So '132 n? *ni/ 4 12% ~iS na d pulled a total of $900 mil- jo 372 26% 24V? 24% -ift lion out of the bank since its 20e 162 12 nva 11% - % May 12 announcement - including $119 million in the last week alone. 479 6'A 6'A 6'A - 74 6% 6'/a 6'A - % MaratO 1.60 493 35% 34ft 34% - 'A 47, 2,% 20 20'A -, Marcor 1 ,703 28'/a 25'A 26 - ft BurlNor l'.50 '339 37% 34ft 34ft -2% MartMa 1.20 23, 16'A 15% 15% B,, r , ahs 50 ' MayDSt 1.60 195 24% 23% 23% -, x,210 ,09 ,02'A 102% -7Ve Maytg 1.30a 142 24% 24'A 24% - Vs » McDonalds 2788 62'A 54ft 55 -6'A f, . McDonD .40 596 13% 13 ,3% + V» · ·» ' -- -f,^ McGrwH .50 · 2,7 8% 7ft 3 - ft »' MeadCp .80 344 16% 15% ,6'/j + % · CatJence Ind 6, 2V, 2'/s 2'/e - 'A Melv Sh .46 Cal Finanl 20, 3'A 2'/8 2 7 /a - Va Merck 1.40 CanipRL .50 315 38 35% 36 'A - 'A MGM 1.75e. CatnpS 1.18 35, 29% 27V, 29% - 'A Microdot .50 nvs I 3 ov 8 ISvS: 216 8ft 7% 7% -,'/e 1,33 M'A 81V, 82 -2Va 144 16% ,5% 15% - VB 75 ll'A ,OVe ,0'A -, Market In Steady Decline NEW YORK (AP) . 635 38% 36'A 36'A -2% Monsan 2.40 1873 68'A 64% 65 -3% a rWlinp in intprpst ratps had siened as the hank's 399 32 3ov, 30% -i'A. Monou. 2.08 ,7 29 ' 2 7 % 27% ._, 7/e a.aeciine in inieresi raies naa sigiicu ds me udnK s failed to materialize. CBS 1.46 Celanese 2 Qencolnc .20 1294 6 4ft 4'A - 'A Monpw 1.80 317 23 2I'A 22 - CenSoW 1.12 913 15 U'A U'A - ft MorNor .88 347 16% 15 15% -1 rWi; Tnmx: at/oraoo n( 1f\ in QerroCp 1 1274 18'A 15'A 17'/a +1% Motorola .50 868 55'A 52'A 54'A -1' . . L»OW JOHCS average 01 JU in- Cert-teed .60 221 9'A 8% 9% + % MtFuelSu 2 148 57'A 52'A 52% -5 dUStrialS fell 27 70 pOifltS tO P inM x765 isft is^a !s% ='% MtstTel '' 52 20 ' ' 8 ' / "'" 18 " * 815.39, and the broader-based Chessie 3.60 345 48'A 47'A 48'A + % AT/I Standard fe Pnnr'c Sfln-stnr-k ?WPneuT 2 '280 25ft 24'A 25 - % ^'M ?" n ? a , ra ^OOr S 3UU SIOCK Chris Craft 53 2ft 2% 2% Nabisco 2 30 193 35% 34'A 34'A + 'A index lost 3.84 to 87.46. Chryslr 1.40 650 17'A 15'A 15'A -I'/a NatAirl .50 360 19 '17% 17% -1 ClT Fin 2.20 316 36'A 34 34 -2% Nat Can .45 109 S'A 8% 8% - % Citicorp .80 5760 38'A 34'A 34'A -4% NatDistill 1 200 U'A 13% U'A - % CltsSv 2.20b · 534 39'A 37 37'A -1% NatFuel 1.90 89 19'A 19'A 19% CUrkE 1.60 202 34% 32'A 32% -1% NatGyp 1.05 488 11% 10% 10'A - % CIvEIIII 2.40 448 24% 23'A 24'A - '/a Natlnd 15 66 4% 4 4 - 'A CocaCol 2.03 805 117'A 109% 109'A -8 Nat Semicn 1912 16'A . 15'A 1 5 % - % 1600 30'A 28% 29% + 'A ^f Steel 2 50 704 33ft 33% 33'A - 'A 373 21'A 20 20 -1% Na i Tea ' 43 4'A 4 . 4'A CombE 1.80 441 43'A 40% 41 -1% Natomas Ib x59B 54 51'A 52'A -1 . ComlSolv 1 141 26 22% 22'A -3'A NCR Cp 72 1122 34 31% 32'A -1% ComwE 2.30 X645 26'A 24'A 24'A -I'A NevPw 1 40 76 17 16'A U'A - % Comsat .80 176 31'/a 30'A 30'A - % NEngEI 1.78 1184 14% 12 12'A -2 .45p 2639 7'A ' "'- "- -· -· and chairman. Only 20 NYSE issues hit highs the week, com- to 460 yearly lows. Reports Missing Difficulties in transmission of Wall Street The Associated Press data Saturday caused 60-stock average closed at the loss of much of the 250.7, dOWH 10.3. material. Printed · :,, «.,, _ _ i j _ In the first siv trariincr Havs IS U1C CntlTe In the first six trading days st . OIOCK SP 2639 7'A 6 6w - ft NewS,T r.M . w iiv5 fi 25% + '» of the month, those hopes had ouu ^ »TMTM* weekly i 3 i 5 o S 21^ m £% -% K I' 18 ^ i'% iS iS* = % spurred a dramatic rally, with «*ort= ' v 2 1767 U'A n II'A-2'A Nortikwn 5 260 63'A 59'A 59'/a-4'A the help of a prime rate reduc- Utner stocR market i L 2 269 25% 23% 23%:^ SMM u u% isft IS* - % tion from 11% to 11 A per cent quotations were not " -' "" "' ' New York's First National available for today's paper. 2.70 GantTele 1 1349 15 13% 14 -1 Northrp U2 107 22% 21% 21'A - % City Bank. Cojltrol Dat 930 28'A 26 26 -2'A NwstAirl .45 1046 26 24'A 24'A -1% Gopplnd 1.04 158 343A 34 34'A · NwtBnc 1.60 128 44'A 38% 39'A -5% Go/nG 1.12a 418 83% 77% 78'A -6% Norton 1.60 28 26'A 25'A 26'/e Go,wles .10e 63 7 6ft 7 NorSim .30 1357 U'A 13% 13% -I'A ' GoxBdct .35 38 U'A ' 13% 13% - 'A Qccid Pet 1695 10'A 9'A 9% C-PC Int 1.86 526 33 31% 33 + % QhioEd 1.66 1706 16'A 16 16'A C-rpuHin .60 54 16% 15% 16 - % QklaGE 1.36 124 18% 18 18'A + VB Grown Cork 276 19% 18% 18% - % OklaNG 1 40 119 18% 18 GrwZell 1.60 300 3m 30'A 30'A -1% Qlin Cp wi GurtisW .20e 412 10'A 10'A 10% · Qmacjs 36 OtisElv 2.20 OutAAar 1.20 OwenCn .88 Qartlnd .40b 299 19% 18'A 19'A - 'A Qayco 1 14 40 14% 14 14 - '/a QaytPL 1.66, 295 14Va 13'A 13'A - 'A Deere 1.60 860 41 'A 40'A 40% - % Owenl " '60 642 18'A 162 17'A U'A 17 + % 9 8'A 8 8'A - '/a 87 35% 34'A 34'A - % 129 18'A 17% 17'A - % 239 48 45'A c45'A -2% 40 -' AN OPEN LETTER TO MEDICAL PROFESSIONALS Cel Mnt 1.20h Delta Air .60 Oennys .06 DetEdis 1.45 DiemSh 1.20 SidonCZ 1 ·Disney .12b Diversfd In Or-Peppr .26 DowCh 1.20 Dtesser 1.40 · Duk Pw 1,40 -duPont 5.75e DuqLt 1.72 EastAir Lin EasKod 1.56 Eaton 1.80 Echlin .38 · ElPaso ib EltraCp 1.50 · ErnerEI .70 .Esmark 1 · EthylCp'1.20 EvansP .40a . Exxon 4.55e . FairCam .80 .Fairlnd .30 Fansteel .40 . Fedders .50 . FedNMt .68 .FedDSt 1.16 .FiltrolCp .60 . Firestone 1 . FstChar .91t . FstlntBnc 1 ^lintkot 1.16 . FlaPow 1.95 . FlaPwL 1.36 . FMC .92 . FdFair ,20b . FordM 3.20a . For Me K .88 .-FrnklnWl ,20 . FjeepM 1.20 . Fruenf 1.80 ·* 155 468 736 1272 1112 29 1377 117 472 2207 518 1618 19% 53 13% 11% 25'A 33% 47 2 18'A 70 44% 13 18% 50% 11% 9ft 23% 32ft 42% 1ft 17'A 67'A 42 !2'A 18% - 'A RacGas 1.88 50% -2% x!795 12 -I'A pacLtg 1.68 194 10'A -I'A pacPelrl .75 91 23ft -I'A PacPw 1.60 x392 33'A + % pacTT 1.20 174 43% -3'A panAm Air 805 2 PanhEP 2 282 18 - % Pasco Inc 54 67'A -1% p enn Cent 497 43'A -I'A PennDx .20b 64 12% - 'A Pennpv 1 16 1363 642 170 166'A 167 -S'A 684 407 16% . 6% 14% 6'A 15'A -1% 6% - % 2382 114% 107% 107% 232 106 376 130 1255 138 150 497 2195 1131 427 80 606 1079 858 29 434 2257 659 144 511 862 325 92 1838 205 199 340 380 2'A 28% 12 24% 40% 27ft 26m 7ft 73% 45% 7% 10'A 7'A 16% 32% 9% 18% . 10 'A 44'A 14 '/a 18% 19'A 18'A 6% 53% lift 16% 24 22% 26 25'A ll'A 23% 38'A 26% 25% 7 70% 39 6'/e 9% S'A 15'A 30'A 9'A 17'A 8 39'A .13% 17'A 17% 17% 6% 52'A ll'A 15% 22% 2 I'A 26 25'A 11% 24 38'A 27% 25ft 7'A 70% 39'A 7 9ft 5% 15'A 30'A 9% 17'A 8 39% 13ft 17ft 18 17% 6% 52'A 11% 15% 22% 21 'A -6'/4 -2'A -3% - % - % - '/a - % - % -3% -6'A + ft - "A -I'A - % -2'A - 'A -I'A -1% -4ft - % + '/J -I'A - 'A -I'/j - 'A - % -1% - % : -- G-- . tAF Cp .44 .TamSk 1.40 .'Gannett .36 . Gen Dvnam . XienEI 1.60 . OnFood 1.40 . GenMill 1.08 . "TjtnMot 4.90e .·GPubUt 1.68 .·CtTelEI 1.72 .·GTire l.lOb . "Genesco Inc .^GaPac .80b ."tlerberPd 1 .tlcttyO l.3fle ;tlille*»e 1.50 -.global Mar ··Goodrh 1.12 ."·GoodyrTR 1 ."Grace 1.50 XJranlW .60 .tffAiP ,I5« ."·QrCiant \.X .-Greyh 1.04* I'^uIfOil I JO ,*C(lfSlUI 1.12 ,'QvifWn M *^ '.' ji 4 % "" 611 119 282 241 2249 668 774 2514 1935 1857 193 192 956 237 94 467 122 ,50? 832 345 445 232 2MB 35 SS2 331 2035 1324 213 265 S'A 27'A 37'A 25 50 25'A 55% 50ft 11% 23'A 14ft S'A 39'A 12'* 110'A 36% ·"20'A 17'A 25% 6 155k 20% I4H 20'A n 25'A 6 S'A 26% 36'A 23% 47% 23% 50% 49V» ll'A 21 : A 14 5 38% 10 105'A 34'A 11% 16'A 23?* S'A ll'A 13% 19'A 13% 19% 10% 23% 5% 8% 27 36% 24'A 47% 24 50 : -i 49'A 11% 22 U'A 5 38'A 10 106% 34'A 11% 19% 16'A 23 fo S'A U'A Mtt 19'A 133fe 19% 10% 23% - 'A - Sfe - "s -2'A -I'A -4'A -I'A - 'A -I'A - % - 'A .- % -2 -2'A - 7 fe -1 - 1% - *b - % -4% -1% - 'A - 'A - 3fc -1 - ** -nu- PaPwLt 1.80 Pennzoil Ib PepsiCo 1.20 Pfizer .76 PhelpD 2.20 PhilaEI 1.64 PhilipMo .80 PnillPet 1.40 PitneyB .37e Polaroid .32 PortGE 1.52 PPGInd 1.70 ProctG 1.80 PSvCol 1.20 PSvEG 1.72 Publckr .241 Pueblol .30a PugSPL 1.98 Pullmn 1.50 PuritFsh .28 QuakStO .58 Ques'or .50 RalstonP .80 Ranco In .92 RapidAm 1 Raythen .70 RCA 1 vjReadg Co RdgBate .30 ReicCh .40a RepSti 1.20a Revlon 1.20 Reylnd 2.68 ReynMet .50 RidderP .40 Rockwllnl 2 Rohrlnd .90 RoyCCol .64 RoylD 2.79e RyderSy .40 Safewy 1.60 StJoeMin 2 StLSaF 2.50 StRegP 1 20 Sandrs Asso SFelnd 1.80 SanFelnt .20 ScheroPI .80 SCMCp .49 SCOAInd .60 ScoHPap .56 SeaOL ,60r SearleG .46 Ssars i.60a SnellOH 2.40 SWiT 1.04C SherwWm 2 SiqnaICo .80 Singer 2.60 Smithkline 2 SonyCp .09r SonyCp wi SCarEG 1.4S SoCalE 1.68 SouShCo 1.40 SoNRes 1.50 SouPac 2.16 Soufr 1.92 SfMyR .76 S-WPD 1.10 563 .1051 573 1081 1574 1588 1264 1572 450 2268 136 664 1303 393 1585 33 46 75 321 71 221 29 503 21 582 360 1558 15 186 1154 257 298 525 378 21 567 55 252 424 361 628 220 32 447 162 465 241 2428 199 88 538 467 1444 621 435 6 182 1432 513 254 3072 31 356 1834 2833 198 427 432 1393 375 22'A 18% 21% 19% 14'A 3'A 26% 14% 2'A 5% 77-Vj 18'A 19 64'A 38% 36% 11% 56'A 53'A 11% 40% 16'A 25'A 102% 13% 13% 4 5% 21% 52'A 3% 23'A 9'A 46'A 12'A 13 33% 16 1% 24'A U'A 22% 61% 45% 19'A U'A 27'A 13% 13% 29% 16'A 39% 34ft 28'A 26% 4% 31% 27% 74% ll'A S'A 15 25'/3 21 88'/j 50'A I8'A 39% 20% 31 'A 53'A 19'A 7% 12% 18% 14 46% 32'A 45% 3»'A 23% 20 16% 20 17% 13% 3% 25'A U'A 2 S'A 75'A 16 U'A 59'A 37'A 32'A 10'A 55'A 50'A 11 38'A 16'A 24% 98 12% 12% 3% 5 20'A 50 3% 22'A 8'A 44 ll'A S'A 31% 15% 22'A 11% 21'A 56'A 43'A 17% 12% 26'A 13% 11% 28'A 15 37'A 33% 27'A 25'A 3% 29% 25 66'A 11 5H U'A 24'A 17% 84% 45 17'A 36% 19'A 29 51'A 13% 7% ll'fe 17'A 12% 43% 30'A 42'A 36% r 20'A -2 16% -1% 20 -I'A 18'A -1 14 - 'A 3% - 'A 26 - 'A U'A -I'A 2 5% + 'A 75'A -I'A 16% 17% 60 373/4 33% 10'A 55% 50'A ll'A 38'A 16% 24% 101 'A 12'A 12'A 4 S'A 20'A 50'A 3'A 22'A S'A 44% ll'A 9 32'A 15% 1% 23 12'A 21% 56ft 43'A 18 13 26% U'A 12'A 28% 15% 37% 33 ? A 27% 2S'A PA 29% 25 67'A ll'A S'A 14% 25 18 84% 46 17'A 36% 19'A 29'A 51'A 18% 7H 12'A 17% 12% 43% 30'A 4TA 37* n* -1% - 'A -4% - % -2ft -I'A -I'A -3'A - 'A -2'A - % -2% - % - % + 'A - 'A -I'A - % - 'A -1 -I'A -4% -I'A - 'A - 'A -I'A + ft -I'A -4'A -I'A -1 - % - 'A -I'A -I'A - ft -2'A - 'A -I'A -I'A - 'A -2 -2'A -6% - % + 'A - 'A - % -3 -3% -4'A -I'A -2% -m -1% -2'A + * - 'A f 'A -I'A -I'A -2% -- % -Tli -2'A service. Tft* iadta «dg* ** to ** MO*. Lunter production i ose 1972 1974 id ft* pTMMUC Intercity truck tonnage kv- cr««Md «Ssh»y for the third consecutive week. Minor gains occurred in paper. d«cL'ic pow«r. crude-oil refinery runs. and rail freight. Auto and truck assemblies Wl substantially. as did bituminous coal output Slight declines were posted in steel and paperboard. Oil Pressures Ease Federal officials indicated, however, that the effect of the additional withdrawals had been softened by the Federal Reserve assistance. "Nothing in our daily contacts with the federal comptroller's office has suggested any change in his view of the The 'bank's solvency, nor in our 77% 73% 73% -3% stock market fell into a steady view is there any question as slide this week, clearly regis- to the bank's solvency," said (C) AW Yvrk Times Service NEW YORK - Some constructive developments in the international oil and energy situation during the three months since the end of the Arab embargo -- especially in recent days -- have encouraged some economic analysts and seemingly eased the overwhelming pressures that last fall's oil offensive suddenly created throughout the world. The real i m p r o v e m e n t , however, has been relatively minor and promises to be no more than a short-term palliative Both for the United States and all the other nations that are so heavily dependent on the Middle East's great resource now and for some time ahead. The real danger is that the recent abatement of the oil- supply, crisis will mask for a while the potentially catastrophic financial consequences that lie ahead as a re- s u l t of the sudden and explosive rise in the cost of petroleum during the final quarter of 1973. Equally worrisome is the possibility that the oil-consuming nations will become too complacent and fail to embrace a program of austerity and cooperation to mitigate the awesome economic and political problems that the recent startling changes in oil supply-and-price conditions have created for every nation -- even the most advantaged and affluent in energy a d other resources. Perhaps the best recent news -- though a small comfort -- was the fact that the oil-producing nations, at their meeting last weekend in Quito, Ecuador, did not push . i , . - , , r , ' · ,.6o 851 64 'A 6,% 6i% -ift Mohas i.2o 49 17% 16% i7'A - % tering its dissppointment that Harold V. Gieason, as he re- Many physicians are seeking relief from the ever increasing pressures of medical practice within the private health care sector. The United States Air Force Medical Service is offering an alternative form of medical practice to all physicians 58 years of age or younger. Frankly, we are proud of the quality health care the Air Force Medical Service provides and would briefly take this opportunity to present you a challenge to DOW JONES 30 INDUSTRIALS 241 , , , , I through another increase in prices and confined themselves instead to raising royalty payments form the oil c o i . lanies by 2 per .cent, whicii hopefully, will not be passed along to consumers. After a brusiing intramural battle, Saudi Arabia success 1 fully beat back the strong efforts of her producer colleagues to raise posted prices of oil at this time. WHAT IS needed now is an actual reduction in world oil prices. That may come later on. It depends, probably, upon either the continued aggressive goodwill of the Saudis or the ability of the United States to get Iran, the most militant of the oil producers, to accept the fact that the high level of oil prices is disastrous for all. Since mid-March, when the Persian Gulf states lifted their politically motivated embargo against certain nations, it is true that there has been some improvement in the over-all oil picture and other problems related to it, but the specter of new and even darker troubles remains ominous. · The supply situation is better because of increased production and reduced consumption. And the cost of the liquid gold, which shot from 90 cents a barrel in 1970 to 53 last October and then to $7 at the end of 1973, has since stabilized at that high and unbearable level. Moreover, much thought and some effort have been devoted to various ways to reduce dependence on Middle East oil as well as viable solutions for recycling the vast new monetary wealth that has been flowing into the producing nations. In addition, some steps have been taken to ease the financial burden of nations most affected by the disruptive influences created by the huge increases in their food costs, though these have been mostly pledges that still have to be redeemed -- things such as promises not to engage in trade policies that would further aggravate payments positions, improvements in trade preference systems for the poorer nations and some additional monetary aid for the developing world. But not nearly enough has been done' so far. RENT THE Llf T TRUCK YOU NEED LARGE o, SMALL Reasonable Rates-Fast Delivery ·J«? lilM V ·* vQS ·Bcdric CALL 342-0136 The Air Force physician practices medicine in a collective endeavor with the entire gamut of medical specialties and the finest trained allied health care professionals available. All United States Air Force Hospitals are accredited by the Joint Commission and are equipped with the finest medical instrumentation available. The very finest health care is provided to every patient without regard to the patient's ability to pay. The professional challenges of medical practice and the medical education opportunities within the Air Force Medical Service are unlimited. The Air Force physician has more time for family and personal development in comparison to his civilian counterpart. The liberal fringe benefits made available to the Air Force physician provide for a secure, predictable and satisfying life style,- e.g., 30-day paid vacation annually, advancement, travel, medical education, professional pay and recreational 'opportunities. Your time is very valuable and thus the brevity of this informational offering. However, you owe it to yourself to consider this alternative medical practice. Positions are available in primary health care delivery, all major medical specialties, Hospital Directorships and medical research. Assignments can be arranged for two, three or four years. Initial appointment can range up to Colonel based on education and experience. Assignments to a specific Air Force Hospital may be arranged within the United States or overseas. For further information cad or write: THE AIR FORCE MIDICAL PERSONNEL COUNSELLOR Keystone lank tuMing--Suite 200 3520 Fifth Avenue Pittsburgh, Pennsylvania 15213 § Ar«oCod« 412-617-3114 Prime Commercial les Placed by: . McClwgk Company 9nc. Broker Suite 801 Charleston National Plaza Charleston, West Virginia 25301 1624 Kanawha Blvd., East--68 front feet on Kanawha Blycl.--Lot 68'x200' with 14 room hous6 completely renovated into offices; large parking area and garage office. Ideal for professional offices or development. Two blocks from Capitol. Prime development property, located oh Washington Street, East, between Jefferson and Michigan Streets, approximately 24,500 square feet; near Interstate; Two blocks from Capitol. Best commercial development property in Charleston. Approximately 15 acres of land within the city limits of Wheeling, W. Va. All utilities now on site. Ideal for commercial or .housing development. Contact: Samel g. McClungk Company, 3nc. * Broker ' Suite 801 Charleston National Plaza Charleston, West Virginia 25301 343-4623 Specializing in Commercial and * , Business Properties.

Get full access with a Free Trial

Start Free Trial

What members have found on this page