Daily News from New York, New York • 5

DAILY "NEWS, TRIDAY, AUGUST 15, 1975 Will Yield wd ll Bis By WILLIAM SHERMAN The Municipal Assistance Corp. set record interest rates ranging up to 11 kiii a iiiimuii uunu iouc in an attempt to heat up tepid investor demand Pier Named Historic Site Pier A in Battery Park, the oldest functioning pier in the city, has been added to the National Register ot Historic Places, the New York Landmarks Conservancy announced yesterday. The designation i3 considered a victory for groups fighting plans to demolish the pier to make way for office space. 10, $65 million maturing in 1981 at 10.5 and $140 million maturing in 1983 at 11. Meanwhile, Big Mac bonds issued last month dropped about 1 from Wednesday by the close of yesterday's market, and a $1,000 bond redeemable in 1998 was selling for $870.

Because the bonds were being sold at a discount of $130, the effective yield on that $1,000 bond, originally issued with an interest rate of about 9, had risen to above 10. In a relr.ted development, the city's Housing Development Corp. completed sales of $64 million worth of notes and bonds yesterday. The interest rates on those obligations were set between 7 and 10 for bond maturing in a range up to 47 years. Luuay.

ine action was ian.cu are selling well with interest rates of Vc. Until noon, when the underwriters' meeting at Chase Manhattan Bank Big Mac officials had been worried about the total package its other parts, including a $250 million 77c loan from the banks to the city, were tied to the successful sale of the bonds. One Big Mac official said that the underwriters were unhappy even after the package was declared completed because their salesmen had unsuccessfully "scoured the whole country trying to sell to bond-buying institutions." "In the end, the city's banks had to buy up what was left iu uc uncicu cue puunc the bond issue is a part, was on the verge of falling apart. The issue's -underwriters couldn't find customers for $100 million worth of the bonds. But after hours of harried negotiations, the city's 11 clearinghouse banks, including Chase Manhattan, Morgan Guaranty, Manufacturers Hanover and Chemical Bank, and several underwriting firms, agreed to buy up the last $100 million of the bonds -and the package was declared intact.

Analysts said that the 11 interest rate was the highest ever set for a municipal bond. Many taxable corporate bonds His Own The previous high rate set by the corporation for long-term Big Mac bonds was 9, but when the price of the bonds fell on the open market in weak trading last month, some in-- vestors were able to buy $1,000 bonds for as little as $880, mak ing mod no a "I Mftf on the pen market. The ceiling on interest rates for today's offering originally also was to be 97c. The extra 27c will cost the city at least $2 million, analysts said. Interest on the bonds is to be paid by the city's sales and stock-transfer taxes.

Until yesterday afternoon, the entire $1 billion Big Mac August package for the city, of which To Each eame Fills Out His Of Executive By MARK LIEBERMAN Mayor Beame completed the formation of his Management Advisory Board naming eight executives including Big Mac Board Chairman William to work with Richard Shian to reform city management practices. and, even though the interest rates are high, the bankers are still unhappy," said the official. The $275 million bond issue is made up of three parts: $70 mil lion worth of bonds maturing in 1980 with an interest rate ot would consider giving additional responsibilities to city executives and determine how the city could better use new technology. McGraw-Hill Exec Named Beame also named Shelton Fisher, chairman of McGraw-Hill, Inc. to the management board.

McGraw-Hill owns Standard Poor's one of the nation's two major credit rating agencies. In April, Standard Poor's suspended the A rating on city bonds. A mayoral spokesman said yesterday that Fisher's appointment was not intended as an attempt to influence the lifting of that suspension. A spokesman for Standard Poor's said McGraw-Hill officials do not participate in the agency's rating policy. The other members of the management board named by Beame were: E.

Virgil Col way, chairman and president of the Seamen's Bank for Savings; James L. Hayes, president of the American Management Associations; Lawrence Lachman, chairman of Bloomingdale's; Alton Marshall, president of Rockefel ler Center John F. McGil Heavy UWIJlKW.l.lgB: iu milium 5 lineup liters Lottery Winners NEW YORK Weekly: 3395573 Jackpot: 2439563 NEW JERSEY: Pick It: 238 Straight Payoff; $192.50 Daily: 75986 Weekly: 084292 Millionaire: 84501 PENNSYLVANIA: 749014 CONNECTICUT: 15 Green 792 Bonus: 69210 MASSACHUSETTS: Green 7117, Yellow 573. Blue 87 turers Hanover Trust and Harry Van Arsdale president of the New York City Central Council. Scoppetta said that all thosa points and others, including tha ability of inmates to gain access to hacksaw blades and information about the prison architectural layout, would be probd by Deputy Investigation Commissioner Edward Hammock.

Harold Brown, presid of the Correction Officers Benevolent Association, blamed the mishandling of the breakout the city and the courts. He said recent court decisions had made it impossible to properly search visitors or inmate cells. He also attacked recent layoffs of correction officers, pointing out that it had led to excessive overtime. can't expect an officer to-be 'at1 top performance under those conditions." said. News photo by Tom Monaster Young man has words meant only for his friend as couple enjoy yesterday's sunshine during luncheon break on Manhattan's East Side.

Temperature reached 88 degrees. Weatherman sees a fine summer-weekend in our future. licuddy, president of Manufac-Labor Shinn, president of the Metro politan Life Insurance was named by Beanie last week to head the panel, which had 'been sought by the Municipal Assistance Corp. Beanie appointed the panel in an effort to head off the establishment of a similar body by Bigr Mac. Beame also reiterated the priorities he has set for the management board, saying that it would direct its initial efforts in the areas of welfare, health and hospitals and sanitation.

Sees No Change in Structure The appointment of Ellinghaus "in no way changes the structure or relationships of this body," Beame said, referring to the management board and its work witli MAC. MAC Executive Director Herbert Elish and City Planning Commission Chairman John Zuccotti head the mayor's task force reporting to the management board. Beame said the management pane! would consider establishing performance goals for agency heads, an outgrowth of the city productivity program He said also that the board to the ground with a ladder made of prison sheets and blankets and swam from the island to LaGuardia Airport. At LaGuardia, two of the escapees were arrested by Port Authority police who became suspicious of their bltless trousers and soggy clothes. But the pair were subsequently turned loose when prison officials advised Port Authority police that no inmates were missing.

Prison officials reportedly had conducted a head count of all city prisons. On basis of his preliminary investigation Scoppetta eaid that: The beds of the escapees had not been disturbed and had Smppettait Pmbe Hikers Esmp By WILLIAM HEFFERNAN Investigation Commissioner Nicholas Scoppetta yesterday seized all Correction Department documents and records relating to the blunder-riddled escape of four in mates from Rikers Island prison on Wednesday Penalize 3 City Aides Two city employes caught fixing a muffler on their foreman's auto during working hours were fined four days pay and the foreman received the same penalty ri's a $100 fine, Public Works Commissioner Herman Simins announced yesterday. The two employes worked on the car in mid-afternoon one day last week outside a department garage beneath the Brooklyn Bridge. The foreman said his subordinates to do the job. The three had pleaded guilty at a departmental hearing earlier this week.

They returned to work yesterday after four days' suspension, and that period will represent the fines. i i The tv, workers are Michael Mor'srty, a and Frank Sottile, a ateamfitter's helper. The foreman is Thomas French. Owen Fitzgerald not been arranged with pillows to make it appear as if someone was sleeping, making a faulty head count improbable. The bars and steel plates would have taken "an excessive period of time to cut through," therefore the situation should have been discovered by the required daily cheeks.

Inmates escaping through sheet metal air shafts would have made "excessive noise," and should have been detected. Officers stationed outside the grounds should have seen escaping inmates. Port Authority police should have held the captured escapees at least for vagrancy, since they had no identification on them. Scoppetta said he was "deeply concerned about the actions of correction officers and Port Authority police involved in the escape and subsequent events." He added that several members of the correction staff at Rikers had been directed to report to his office today for questioning. Port Authority police also will be questioned within the next few days, the commissioner said.

Cut Through Bars The inmates, one of whom was being held as a suspect in a 1974 murder, made good their escape shortly after Tuesday midnight by cutting through a steel plate and prison bars and then making their way to the prison roof through an air shaft: They then lowered themselves.