The Boston Globe from Boston, Massachusetts • 37

Business and Financial Thirty-Seven THE BOSTON7 GLOBE THURSDAY, MARCH 8, 1962 Sudhalter New Dean mMillan and Sears to Talk Over-Counter Quotations Financial Notes Pratt Lambert, direc Of Calvin Coolidge; tors. Buffalo, N.Y.. producer of paints and varnishes, proposed INDCSTRIALS Bid Aslted At 1st Stock Market Forum 2H Slade at Portia Law! AdVftnceriTnd, AeronautEi today a 2-for-l split of common stock. The proposal is subject to approval of stockholders at the eiovox The first of the three Stock 1 BANKS Bid" Asked 58'4 814 BkofNY 433 450 BankenTr 7'i 70 14 ChaseManh SI11 91 ChmBkNYTr 964 1004 ContlllChi 179', 1864 FmnirrTr 352 367 FstNatChl 894 94 FutNatCity 107 1111'. FrankNatU 52 55 GirardCorn 78 814 IndNatProv 52'4 58 KrottForesm 27 28'i 38" 42, Seane.GD 1.35 142 Shulton 42J4 45, SiKinaInst.ru 18 19 SimnlPaner ll'i 12J4 SlmplWiSrCa 12 4 13'.

S'penrKenLab 94, 10s, SnraiiueEl 894 93 Staley.AE 39 4 42 4 stanl's Wksxd 22l4 244 felai Market 22 24 4 StralccicNlat 13 14'. StronuCobh 9xt 10 4 S'nerMktsnist 94 10'. Dr. Guy V. Slade of 2 Euston Brookline, has been named annual meeting.

Mar. 28. The company has 202.500 shares out dean of Portia Law School and standing of 375,000 authorized. 2 7 1 i 20', 11 13' 2H 4' 21 SS' 11 inn 1.V, 24 4', 9'. Billion Dollar View Of Boston Edison Co.

President Sees City and Utility Sharing in Growth By PETER B. GREENOUGH From his 12th-floor Trcmont-st. office, Charles F. Avila ha.s a billion-dollar view. Well, almost, the president of the Boston Edison Co.

cannot peer around corners. So he is unable to spe work already going on at the city's new gov AicoChem AmBilti'ite AmBiiT2Df AmKeit AmKootball AmlntBowls Anclrx An'sfvBusch ArtMetalCon Arvida AssocSprinB AtrrOll IrvingTr 52 'i 55'4 Tampat 218 229 Kansas City Southern Railway 12-4 TexasHut 11 Market Forums recently announced in the Globe will take place Tuesday, Mar. 27, at Symphony Hall. Sponsored jointly by the Boston Investors' Information Committee of the New York Stock Exchange and the Globe, the Forums will explain the fundamentals of shareowner-ship and describe the objec I few Kinit'CtyTr 60 M1 MfeHanovrTr 62'i 65' has formed a new company, Kansas City Southern Industries, BTUEnain'r'4 MnrgnGuar 140'j 1434 PhiladelNat 60 634. Tex-StarOG 204 Thompson.

HI 234 Timelnc 864 TowleMfg 58 Trans Sonics 6 43 UtdPriiuer 15 iiivii (Jidda few 1.1 aue R.iacMfc HlirusT 70 SeclNBkLA 71 '4. 75 shares on a 2-for-l basis for alliBrmiBrBa 7S BerkDislrib of the outstanding stock of tho USTrust 151 100 WellsFAmT 70V. 73 UWResearrh 10 WorcCUNat 51 31 BerkliiUh BirdiSon 27 'a Bolt BAN 10 Boston Herald 27 1 i Botanvlnd 73i Bowl-Mot- 17 Bowmai Inst 19H tives and methods of investing. Each of the three sessions railroad. The new company formally informed the Inter-state Commerce Commission that it intends to offer its common and preferred stock to present holders of railroad stock.

The exchange the company said will be made on the basis of two shares BractipjKeaits 224 25 4 90 4 46 4 164 134 334 23 aft 49 78 '4 614 17 24 47 4 26-4 12 24-4 174 36 4 24 294 12 17H 24', BipwK ernment center. Otherwise, heres what he expects to be following soon from his vantage point overlooking the Common: Brownish '34 1 4 CanariPuoOil 16 Carrmcion 54 21,, 13 4 i 4 36 45 74 57 4 154 22 444 24 4 10 4 22-4 164 34 4 24 27 To', 154 23 Utriservoma USEnvelcipe lISEnvelnt US Sonics US' StiKiir ValloyMould VanityFair VeederRoot Vitro WarnerBro WarnrrSwas Warren Bros WayneGeo WestPtMf West Nat Gas WcyerhCo WhiteShieid Whitin.Mrh WhitinsCp Wurliticr Xtra Zurnlnd of $25 par preferred Kansas City Industries stock for one share of Letront-tec 4'b ChpmProd 25 $175 million $150 million Hilt II Turnpike construction Prudential construction University expansion $50 par preferred Kansas City Railway stock. Also the company will offer two shares of no-par Industries common for one million Assagais! ChicaBoAerial 13i CollyerWire 2H'2 ComwOHRcf 11' 4 rnnsRenrierg 21 ContEntcro's 3'i Cont Screw 15 CraicSrt.em 12 CramerElc 91 Cressev-Dock H'4 Urban renewal $90 million Hospital building $50 million 22' a 15 224 584 124 11 16'i 25' to IR'a 2a; 3 s. 37', 15U 654 27'4 6'4 14', 23 I2 23 4 lfi34. 33', 3fiaJ 21 4: 13 23 '4 14.

26', 25'-, 12-i, 32', 204 12'j 11 35 Ni 7 154 29', 3', SI', 37 3, 21 15'-, 27-' 4 3fsK "4 EDWARD N. McMILLAN jr Bid Aked 24 snare 01 no-par Kauroad common. Business Failures in the week ended Mar. 1 totaled 311, com Bangortlyd 22'4 BerkshireGas 24 BrockTaun 27'i A resident of Hamilton, he fiM ft '-'1 GUY V. SLADE 'A British oiiice $20 million Tremont-st.

apartment $8 million Boston Edison expansion $25 million 274 294 37 '4 244 GREENOUtiH is a member of the Bond Club of Boston. CrossCo DelhiTavlor Dialaobnne DonnollyRR Dun Brad, DunnEnK tG.4G.Co. Eastern Rao Electrolnstr Add the $150-million government center, and l3 52 68 4 21 4i 7" 4 32 Avila comes up with what he visualizes as a con- David L. Sudhalter of 570 Walk Hill st Mattapan, dean i 32 4 494 65' a 66 Exolon the next few years. FarnnctnnA ,10 'a CntVtPS 234 CtVtPS4 15pf 804 CtVtPS4 75Bf 904 ConnLtAPw 304 EastUtil 464 FallRivorGas 38 '4 FitrhbGAE 61 GreenMiPw 18.

Gr'nwirhGss 14 HaverhlllGas 334 Hoi.vokeWPw 62 LawrenceGas 27 4 LowellGaP 69 NrwEnuGAE 33 "4 NewnortEl 324 PSofNH 244 PS NH3.35nf 68 SNewEnKTel 53'4 SnrinKOdGas 27 4 WestMiss 29 pared with 309 in the previous week, Dun Bradstreet, reported. In the comparable week a year ago failures numbered 408. Lehman Corp. net asset value at close of business' Tuesday was $30.92 a share against 31.59 a share on Dec. 31 the annual meeting was told.

Thats what you can see McMillan, a graduate curh laude of Dartmouth, with a business degree from the Amos Tuck School of Business Administration, joined Merrill Lynch in 1946. He is now the firm's resident vice president. A World War II Air Force captain, he was cited by the Government for work in the Underground News Service immediately. But these things of Calvin Coolidge College of Liberal Arts. Atty.

Slade, a graduate of Harvard College and Boston University Law School, is former law clerk to the Massachusetts Supreme Judicial Court and was a member of the INSURANCE Bid Afked AetnaCas 74 794 AetnaLife 139 145 Agricultural 38' 40'4 AllAmerLiC 28' 584 AmEqAlit 26 4 284- 35't 374 AmFldACpf 36a 394 AmGenlns 88 904 AmHeriiage 18' 194 Am.InsNJ 31 334 AmcrLife 13' 144 AmMercury fi'a 4 AmRe-Ins "72 754 BankrsNLife 74 784 BenefStd 51 54 4 Bostonlns 39 42 Combinedlns 85 904 ComwLife 63'i 664 ConnGenL 134 141 ContAssur 193 202 ContinCas lOl'-i 1054 EmployGro 65 4, 894 Employ Rem 77 83 4 Fedrrallns 75 784 Fidi-Dcp 64'i 684 FiremFdsP 5a 89 FrnkiinLife 152 159 GenRemsur 200 218 GlensFalls 52 55'4 GovEmploy 126 134 GovEinpLife 125 133 GtAmlns fioi 3'i GuliLifelng 53'4 564 Hanovrlns S2va 554 HartfdFlre 77 'a 81 HartfdSBoil 142 HomelnsNY 59 624 JefTStdLife 87 904 LawyersTitle 32V4 354 LibrtyNLife 100 104 UfeCasTenn 39 414 LinclnNatL 188 'a 196 4 LoyalAmLife S'-a 4 103 113 MarylndCas a 50 Masslndcm 78 804 MeichFiieAs 4S 484 MidwcstLife 92 99 MniimnLife 111 117 NatFire 138 150 Natl.ifr&Ae 97 'i 1014 NatOldLine 28 "a 304 NatUllFlie 52 53 '-4 NatinnwdA 49" 534 NewHamp 76' 814 NorthRiver 49-1 53 Northeastlns 28 29-4 Northernlns 53'i 57 Paclndem 38' 404 Peerless 40 Va 43 4 PhiladelLife 109 US Phoenix 126 132 Prov-Wash 31 334 QuaCityLifa 87 914 RepNatl.ife 96 102 891', 94 SeabdLife 1534 17 Secuntylns 111' 118 Sprinsfldlns 41V, -4'i TitleGuar 28 304 Travelers 167 Va 174 UnitlnsAm 65 684 77 814 -SFtre 39 42 VSLife 79 834 Westchest 40 3 i 43 4 feed on themselves," he says. 12 22 2.1 23'i 11'. 29 194 10'i in'5 33 21 in "4 35 364 554 294 314 Fitchbraner FostorGrant GenDrive-In Girltown Gorton's xd GrinnollCp Hallirlav HanrtySHar Heath. DC Hermpi it HeywWak HfvWakpfB HiKhVol'acp Which accounts for the gleam in Avila's eye and a cor FRANCIS P. SEARS JR.

PI Bl.IC ITIUTIES responding glow from his company's balance sheet. Detrex Chemical Industries, Hid Asked 26 274 ArkMoPw during the war. He is a mem- said it had received a SI 2' will have different speakers This tall Taunton-born ex HoustonFrarl i i If- ntwj 'i pyt is nnri Hiffprent nanels to answer, oer ot ine Boston tnamner oi 101 4R 294 234 35-4 33 23', 28', drycleaning equipment. The thpm hv thp Commerce; a director of the 34 14 9 ecutive (his name is accented on the first syllable, like Have- rent'HIFAG 27'i CentllndGas 224 Cent'Telep 334 Citi7.rtil"A" 30-4 CitiU'il-13" 264 264 ConWatcv 34 ElPasoKl 264 Infr.ired dor to be delivered in the first tt -ihalf of this voar HmiHloH riotrov ill-a) is regarded among Boston's inner circle as a comer On March 27, the speakers and a trustee ot me Museum oijback, for- the 2" r'Cninnnn A 4 Amorirati Phv will De irancis r. sears jr.

01 -1 and leader of civic afTairs. To Paine. Webber. Jackson, and.sical lherapy Ass n. iie resiaes IntlPacke ll'i IntrrstatoEng 14', lomcslnc 25 Itrk JEPlastirs e', JamesburyCp 10'i JairellAsh 7' JciErns 3' JessonSWl KaiscrStrol 29 KamanAirA 2r)'i ll'i 39 in Hamilton.

Detroit company said. The order was received from Dutch Maid Laundry Drycleaning Enterprises of Chicago, a national laundry and dry cleaning chain. Curtis, whose topic will be day he accompanies Mayor Collins and a group of city boosters to New York City, where they will tootle the lai'uni'in vifp GenWaiWks HoustonCn IndianaGW lowaPubSv lowaSoUnl Jamaica Wat KenturkvUt Nat'GAO NJNalGas NorlndPS NoucstPR 414 254 124 28 4 27 4 41 52 4 504 TOV. 41 43 4 The Stock Exchange and the Broker." and Edward N. Mc In addition to the talks, the film "What Makes Us Tic?" will be shown.

The audience will be invited 14" 24' 31' 25' 12" 18' 13 81 17' Kr.vos-Fibre 17 town's returned flute. KnpnrinRLo Lf'tnil Millan who will answer the question "Who Are Today's Investors?" 284 294 44 4 274 134 304 29, 434 56 S3, 244 434 464 304 474 314 36 4 384 59 4 345, 38 30'. 374 35', 274 29 To top it off, tomorrow The Taft Broadcasting; Co. now traded over-the-counter has applied for listing on the New York Lest mi A OttorT.iilPw 441'. to submit written questions to a panel of experts.

Panelists at 64 Avila will address the New T' 6 IS'i 49H 39 LodttinqEn LonpStai Stl Sears, who has been with 20'4 .154 PioncerNGas 34 4 stock Exchange the company iLudinwCo PortlandGE 56 announced. There are I.OlH.Moa MarlinRni-lt York Society of Security Analysts, an occasion he looks forward to because, he says, 52" 28' 96' 40' 15- MacDonslriEF ATnudlnc 37,4 shares outstanding. Taft broad casting operates radio and tele Paine, Webber since 1D46, is aithe opening session will be Al-graduate of St. Mark's School. ifred B.

Downes, Tucker An-Southboro. and of Harvard thony R.L. Day; John U. College. He was a captain in Harris Harris, Upham, and the U.S.

Army Field Artillery Arthur M. Pivirotto, iiiRrLanrrA 14 CHARLES F. 32 4 35 4 30'4 28 4 .35 4 3-4 26 AVILA. pres. vision stations at Cincinnati MeuoEd ident of Boston Edison Co, Units 12 Savanpahf 1 SierraParPw SoGasA-Wat SowestSlTel TianscGa.

Transr2 55nf Transc4 90nf TursonGE UtdVtil'tinj I'nnrtPrnin "I am not looking for any money." He will thus be able to describe Boston Edison's growth possibilities without 54 4 U.S. BONDS Quoted in 32rifl 981', Columbus, Ohio, and Birmingham. Ala. It also operates a television station in Lexington, and a 32-lane bowling alley "in Cincinnati. While he is more impressed 5' from 1941-1945, and is a aiunc, m.u tor of the Hartford Life In-land Henry W.

Spencer, Kidder, surance Co. Peabody, and Co. Bid Asked 9 Metrom 9', Miriodot 21 MidA.mcTPI. 21 14 M'rtWpMInstr 7 MillersFalK 15'4 MiMipoirFil 39 MiltonRrad 3)'i MinPrrrision 3 3' 4 oeing unaer any special the resurRCnce of the in 99.30 100 38 24s62-59Dc 99 17 99 19 sure. ner core city, he had not lost 2'5Sb3 99 5 99 7 33 404 204 37', 314 514 ns'OnioGas 19', l'-pstpir' 34'j WcstcmPXiG WisconPL 48 4 DAVID L.

SUDHALTER If Boston Edison looks good of 128 and 3s64 99.17 99 19 5s64AukN 103.20 103 22 24s 65 97 20 97 22 3s 66 97.28 97 30 Daily average gross crude oiliMoorrni-op iou By no means is 128 from this side of the ocean, it ended i Army's Criminal Investigation Mutual Fund Quotations FINANCIAL Bid Asked AmExpress 524 56 4 Amoskeat? 56 AC nm 1 .1. iVIU.If, rl also has Its adherents across 56', 104 10 23 4 21' 74 174 33 4 94 464 214 14 29 4 304 264 30c 214 27 4 3 4 184 134 5 4 1'4 84 151 1 1 1', 764 11 4 Division during World War II ucuicusfu tu.yju ucirrt'is in me NashiuiOorp 28 NewRritMrh 94 Sudhalter was graduated Bid Asked 1R.5B 19 54 2.41 2.63 AhprdeenFd from the. University of Massa 9.15 Aflil'aterlf a 8 46 4.60 chusetts and will receive his AmBusshs Morton. BC: Growth 15.13 Ins 17 83 Inc 8.59 MuInvFd 10 34 MSFBoston 1111 Nat-WdSec 23 08 Natllnves 16 46 4i 11.35 1111 Ha.vstatrCp 584 BostnnCan 14' 74 ElctrnsCap 224 FNMA 84 4 FllstTlostCp 944 Firstlnvpstors 124 FarnklinCp I5'i HiiahLona 24 week ended Friday, totaling compared with 7,240.860 barrels a year ago, the American Petroleum Institute reported today. For the four weeks ended this week gross crude oil and lease condensate production rtnMnrvta in nil il ncnnhv frnm nlI? 24s 87-62 94 10 94.14 34s 68 100.2 100.4 24s 68-83 91.19 91.20 24s69-4Jn 90.20 90.24 4s 69 100.22 100.26 2 4s69-84Dc 90.

90.4 2 4s 70-65 89 20 89 24 2 4s 71-66 88 24 88 28 24s72-67Jn 87.16 87.20 24s7267Sp 87 10 87.14 2 4s72-67Dc 87.8 87 12 34s 74 97.28 98 4 4s 80 98.16 98 22 34s 80 92 4 92 12 3' 83-78 88. 88 8 18.10 9 62 NewBrunsOil 20c MHBallRearg 19'i Nli-hnlsnn 254 OffirinlFlm 24 PabstRi-cwB 174 PackatrrMcK Pearsonlnc 4ra PenohChem 9 4 PerimCn 74 PhillinsLp 146 Photon. Inc 104 24 97 R.TI in June. He also studied AssocFdTr 16? 17.7 we'll get development of both." Last year the electronics industry around Greater Boston, for the first time, became the leading source of Boston Edison's industrial revenues. It now accounts for 22.4 percent, against 13.2 percent from metal plants.

"So it looks," Avila concludes, "like a pretty good view from here ti AtomPhysics D.oJ the Atlantic. Shortly before I visited Avila and his executive vice-president, Thomas J. Galligan the latter had a caller from London by name of Pease. He told Gallican that British interests he represented were owners of over 7000 shares in the utility. That particular block of stock is worth over $630,000.

Kationl Securities: 62'i 154 Ri-, 244 88' 99 13 164 264 20 384 J7 4 13 29 03. 45 364 7 SerBalan 11 68 12 AxhouEFdA 5.51 AxHouuFdB 9 29 12. r5 4 33 at tsranaeis ana at jonn nop-kins School of Advanced International Studies. averaged 7.4o0.66O barrels com pared with 7,197,360 barrels a piySRuhh ih." AxTemLan 10. hi 12 6 75 9 74 10.23 12.50 KcystoneA 27 I vttnnFin 36 MprrhA'-rA 34 11 4 StatrLoan 27 TexConFin 6 V.incpS.inders 24 Wadded Rp-d 42 WellgtonMan 334 3's 85 87 28 83 4 Vear aEO.

I 2' -4 2-4 4 91 18 10 10.51 1.86 6.03 5.99 10.11 13.10 11 91 13.72 21 41 15.55 15 58 183 21.13 12 16 15 84 9 S3 12 92 13 08 16.11 101.28 102 4 I'orKPltlooKS 204 I 1 IS 4 4s 85-75 34s 90 3s 95 3 4s 98 7.67 9.40 7.10 15.26 10 91 7.71 13.05 22 29 6 41 9iT 2 "9 8 78 10 75 8.92 13.18 12 SI 7 48 5 86 12.15 14.11 12 86 21.49 10.93 7.97 6.83 35.73 14.67 GenlnvTr 7.06 Group Securities Avin-El 8.53 CapGrth 6 47 ComStck 13 94 FullyAdm 9.96 GonBond 7.03 Petrol 1192 GrthlndRhs 2164 HamilFclHC7 5.87 HamilFdHDA 5 77 ImperialCap 8 84 IncFounFd 2 73 IncFdBnston 8 03 Incorplnc 9 84 Incorplnves 8 16 InMFounFd 12 05 InslOrthFd 11.71 InMlncFd 6 83 IntlResirsFd 5 38 InvCoAmer 11.12 InvTrBostn 12 91 Im-estors Group: Mutual 11. SO Stock 19 33 Selective 1022 VarPa.v 7.37 Canadian 6 32 UtelFund 35.03 IvestFund 14.30 TjohnstnMu 14.67 89 22 89 28 85 12 85 20 83 16 88.22 14 co PilhcoPrte 14 154 15 Stylon Corporation today re- 47' so 4 19.59 14 14.21 16.50 18.60 11. P9 14.19 BluRinrMu BoMonFd BronriS'lnv BullockFd CanGnnFd CanadFd C'PLii'lnSh Cr-ntShFTr ChascT rtBos SerDiv 3.96 Sprlncome 6.18 SrrStock 8 91 Set Growth 9 41 NewEnsFd 1156 Noreastltiv 17 3 NCEShares 13.29 OneWmSt 14.29 Ononhe rr 1fi "7 PcnplesSec 11 08 PhiiFund 11.91 PnreTRGr 16 43 riritanFd 8.64 PtnmGcoFd 16.26 rtnmGrFd 9.82 Ask $4 Million For Cape Park pvrwa saies 01 i ana RadFrrnunncy 24 Hit net income ot $556,833 for the;" 133, Notes. KEVENL'E BON9S 19 STORF.S Bid Asked Kennedy spf 18 23'i 30s, LincStorr-s 5 64 NatlFoodPd 184 194 BOSTON BANKS by necessity, a considerable gKGr LilQCOlclte ChrmicalFd 11 95 Bid Asked 9 34 1 This compares with SI 1.693.122 CoionialFd ColonialGr To Buv Land rj--. ri11) I 7 Bid Asked amount oi looKing toward me future.

America's power re-1Tn lnuo Plonf quirements are expected tojlO ITlOVC I 13111 154 7m, 154 84 304 184 30 1 67 4 314 47'J and net income of $556,833 for iSs-iithe year ended December 31, 14 74 1 83 1 82 1294 9 81 ScudFdCan 14 i RcvcrrKacr 77s RichardsonCo 29 RidrtioAirl 4 RilcvStokrr 484 RiverBriRice 21 ti PockofAces 17 RockwMfe 2R54 RovalDwIPet 64 StCrnixPapor 2914 SandersAssoc 44 WASHINGTON, Mar. The Interior Depart MPTPKF4S bi lon-4 MassPrkmu 102'j 105 MassTpk3.30s 93 95 MassPort 108 1094 MassPT4 4s 108 109-4 NJTpk34s S9'i 1004 NYThru3.10s 93 95 OhioTpk34s 94'i 95'i PaTpk3.10s 93 95Va tosarripp Clt.vBkATr 38 44 FirMNatl 98 'i 102' NatlShawm 67 4 70' NEneMrr 54 58 iComwGrlh Comwlnc jComwIn 'cs 13.99 10 73 11.37 19 33 2047 20.471 1961. This compares with and $793,217 in. 1960. Share Spire AmShs double by 1970, and redouble a decade later.

How would Yfvn IJniVnPSf PI 10.40 17.69 14.78 ninwSl earnings of this major producer StatP.StBkSrTr 43'4 464 ment has asked Congress for 15 98 ConcnrdFd ntStatesTr 48 52 21.00 22 50 rniislnvTr of ceramic wall and floor tile in ShrhldrsTr 11.36 12.42 SmEdsnBFd 10.45 StateStlnv 42.00 45.00 TrlovEIecFd 8 57 9 34 Tcxasid 12 37 13 52 Keystone Custodian: $4 million to buy land for the The Baker Chocolate plant In Edison end? 1961 were 26 cents on each of the CojitGillFd 8.22 CrpLeaders 21.59 21.70 B-l new Cape Cod National Sea 2.170,307 shares outstanding at "Our peak load now is a little Dnrchestrr, a subsidiary of General Foods will be closed UBSFund 10 75 11.44 Dplawarelnc 10.52 UnltAccuFd 15 04 16.44 the year end, compared with the nvpr 1 mt inn 1 1 rtjL-a 1 1 Anrt! shore, and $1.5 million for DivcrsGrSt IUM ,61 cents earned on the 2,161,645 B-2 B-S K-l K-2 S-l S-2 S-3 each site (Mvstic in Everett iin about tw0 ypars and its lu'tinns moved to a new, muiti- 22 27 15.44 9.47 5. i 23.14 13.38 15 46 5 06 8 26 tiiaia uuisidiiuiiig at. uie enu 01 1960. liic i-l uueev ainuuu III OUUIII 1 1 Jnlla- mni.sin nr 8.98 23 51 1402 11 56 11.59 10 45 3.39 19 27 13 83 15 84 7 97 23.57 14 50 20 62 18 24 15 41 21 33 5.30 13.63 9.48 20.35 7.17 6 01 4 92 10 85 25.78 24 30 16.85 in 10.33 25 24 14 60 16 87 5 53 17 77 7.14 8 17 17.37 19.92 14.30 31 72 16 70 16 64 Boston, and Weymouth) a location within 2oO miles handle a million (when fully New York city. a spokesman S-4 land for the Minute Man Na-iDividndShrs 355 'DievfusFd 17 3 tional Historical Park, both mlxHowBai 12.80 14.66 Massachusetts.

21 The appropriations would Groth 13 i V. UmtContFd 7 86 UnitlnrFd 13.15 UnitScienFd 7.56 UmtFdCan 1875 VaiLinFd 6.56 ValLinlncFd 5 50 ValLinSplSit 4 50 WallStlnv 9.93 WrliingtnEq 16 62 VVelllnetnFd 15.14 WhitehallFd 13 63 WiniieldGr 8 54 The Daily Investor Stock Split to Cut Price And Attract Investors By WILLIAM A. DOYLE Baker Industries Inc. directors expanded)," he explained. General Foods said yester- Once this cushion is threat-iday.

iR5(i'nave proposed a distribution of 1474 one additional share of common Kc.vstFdCan 16 43 KmckerhFd 6.51 KnickerbGr 7.46 LazarriFd 16 50 Lifelnslr.v 18 23 LlfelnsStFd 13 12 toomSaCan 31 72 LoomiF.Say 16 70 uc jui use Llie J-cai uvgiu- 1418 ened, Boston Edison can look About are employed at the 8 JJlfor each share presently held. toward Squantum. It bought i'MI1' Is The distribution is subject to ap ning July 1. pduciarMu 195 The requests were disclosed i FounMuFd 1254 i i 'FundofAmer 8 72 todav with re ease of a trans-iF-nomntiinv 1035 proval by stockholders at the Vasslltv-Tr 15 23 8 90 NA Quotations not available. TNet asset value.

v. i r- u. iieiiiy muiiui'ti in nno uv join the old Naval Air Base there Han' a young Insh chocolat9 a few years back as a plant maker 9 73 11 34 annual meeting April 17 of a I MassLifeFd 23.74 25 66 cript of closed hearings before jGenCaDital 2020 it is site. For the present, The Minute Tapioca plant of proposed increase in authorized stock to 2 million common shares leased to a marina. on capital investment, on the from the present 600,000, a House appropriations sub- committee.

The two items are 'f 1 separate from fund requests LOnVlClS IlinOCent money the company has avail able? Many people do not under Potomac Electric Power Co. set a price of $39.00 per share for its stand that most companies bor AUI lllrtiiaciiieuL, luaus aiiu trials, buildings, utilities and other facilities. Q. Consumers Power Co. Is planning to split its common stock two-for-one.

This stock now pays dividends of 70 cents a share quarterly every three months. After the split the dividend will be 35 cents every three months. I now own 100 shares of this stork. As a result of the two-for-one split I will own 200 shares. But I will receive the same Of State Prison Murder previously proposed -rights offering to common stockholders General Foods at Orange, employing about 100, will also be closed.

The new facility will also replace the company's Jell-0 plant in Leroy, N.J., and the Franklin Baker plant in Hobok-en, N.J. All four plants will remain in operation until production facilities are installed in the-new plant. The first relocation will probably begin late in 1963. row money. That $40 million loan isn't such a big one, for a big company.

A company normally borrows Avila is enthusiastic over tidewater locations for bis utility stations because of need for huge volumes of cold water for cooling purposes. The new 340,000 kw generator they will put In at st. requires "about 10 tons of cooling water per second." Stockholders of record March 7 Dairy and Poultry are entitled to purchase one new share for each 15 shares held DEDHAM, Mar. 7 Two State Prison inmates were EGGS U.S. Dept.

of Asrirulture vlp.r1,v fnr minimum Qft money for a specific purpose-to build a plant or some other reason. The object is to put that rights expire March 21. A total percent A brown eggs loose 1 cases ex-If ound innocent today of the of 536,221 new shares are in amount of dividends. What is jmoney to work to make more of a fellow-prisoner volved. Unsubscribed shares will Hons in the Boston marketing area 'murder mi for stockholders.

(cents per doz.j: be offered to Potomac Electric Quite a gargle. Avila wishes Some of the biggest comrianips by a Superior Court jury that deliberated only an hour. me purpose ot suclt a split? The stock won't be worth any more. Or will it be? The new facility will repre- employes. Mostly 45-47 41-414 39-404 36-37 were as e.asy 10 ooiain the largest single capital have done the biggest borrowing.

When a company borrows. Jumbo 4.T4-4B Extra Large 384-43 Large 37 4-42 Medium 33 -38 Small 20, -2a The V.S. Army Transportation 23-234 orAnv.TO.rOOK POULTRY A. The purpose of this split11 must pay interest in line with is evidently to bring Consumersithe going money market condi-Power common stock into aitions.and the company's credit Material Command awarded a $10,188,600 contract to Consoli-j dated Diesel Electric Corp. of! Cleared by the all-male panel were Vincent Flemmi, 26, of Glenarm Dorchester, and Richard A.

Carigman, 28, of Gerrish Dracut. "popular-price range." This mat 3i percent in the reasoning behind most stock Stamford, Ct. The pact is for the production of 290 amphibious cargo five-ton-vehicles. necessary luei. He chates investment in General Food under import quotas against history.

The complete instal-residual oil, which saddles lation will pr0Vlde employ-Boston Edison with an annual for more than 120o. penalty of $2.1 million. Employees of the four plants From what Avila hears, the have becn informed Office of Emergency Planning the consolidation and as-in Washington is keeping of the company's inten-der wraps a report which ltl0n to transfer to the new shows that importing tins low faciijt.y those employees who grade fuel oil from Venezuela iwish t0 g0 and who are quali-constitutes absolutely no threat fied to flll lhc jobs available, to national security. This has i for those who do not trar.s- Prices paid delv'd Mctrop. Boston, trucklot pool trucklot.

ice packed Grade A S. Grade A (cents per lb. I Broilers Fryers. 2-3 lbs. 29 4-32'i.

mostly 294-32. Prices to Retailers-Jobbing not delv'd i Hens. 4 lbs. under 244-33. mostly 2o-29; 44 lbs.

30'a-39. mostly Slbs. up 324-39, mostly 33-34. Roasters, 4 lbs. 364-42.

mostly 37-38: 44 lbs. 424-46, mostly 43-44: 5 lbs. 44-48. mostly 45-46; 54 lbs. 45V3-50, most 4b-47; 6 lbs.

and up mostly 47-48 BUTTER (New York 93-scwe 61-614 92-score 603-61' 90-core 593i-60 c. Thirty-one convicts paraded to the witness stand on behalf Chrysler Corp. received a terest you are unhappy about isn't the least bit unusual for a 20-year, $40 million loan. I own some bonds of a railroad which is planning- to merge with another railroad. What effect will the merger have on my bonds? A.

The bonds are debt obligations of the railroad which has of the pair during their month splits. As I write this column, Consumers Power common is quoted at around $80 a share. As a result of the split, the market price will be around $40 a share give or take a bit for ups and downs in market trading. For some reason fnot really any good reason) S40 stocks are long trial for the stab slaying of Raymond Garbiel, 30, of Montague. neen me coai peoples argu-jfer General Foods will pro- 671,867 Army contract for cargo pickup trucks.

Other awards were: Continental Motor Co. to produce engines and power pact assemblies for the Marine Firestone Tire Rubber $1,340,865 for 52,032, sets of rubber trackshoe assemblies for M-48 and M-60 tank treads. more popular with investors Dividends Declared was committed by inmate Avila would "like to see that' Wan'res and assistance in than S80 stocks. In the $40 price jlssued Assuming the Canad Bronze 374c qu May 1 Apr 10 W. Day, the prOSeCU range, it reasonable to expect "5 vm men be the report made public.

We feel new employment. Cent 111 El VINCENT FLEMMI obligation of the merged 124c qu Apr 2 Mar ls'tion's star witness. that more people will be in r- r-t li.Ostk Anr 2 Mar 19 company to pay interest on the an tumiuis bnoum De eliminated terested in buying this stock. More buyers and potential buy back and hand it to Carigman, Fiduciary Mut 12c Mar 30 Mar 15 Found Dying NATIONAL EXCHANGE Sales In MMJJ Cloe NetChf Asked to comment on what Donas and to pay the principal amount (par value) of the bonds, when the bonds mature. ers normally send the market r-Vnl fminrl rK-inff in 110 wicppeu in a some people in the utility in Ansnwires-t.

lu jsi price of a stock higher. a corridor outside the prison, and took it away. dustry fear a renewed snurt Auto P'ocedurct 0 2 RO Local Produce Prices (Mass. Dept. of Agriculture I The 200 shares you will own 3 BO Camp Ch 22 weight-lifting room the night Carigman, on the stand, said 20 1.7S 60 J4U.

1 l) of Feb. 13, 1961. He was ne was in the orison television Marine Midland 25c qu Apr i mar MorgnGurTr SlOOqu Apr 13 Mar 5 Natl Bell Hes. 174cSA Mar 22 Mar 19 Ouaker Oats 55c qu Apr 20 Mar 22 SoEastn 23cqu Aor 1 Mar 20 Starrett. LS 20c qu Mar 30 Mar 19 W'estn Tablet 35c qu Apr 16 Mar 26 Fish Receipts Wednesday's fish receipts at the Boston Fish Pier 537,600 lbs.

ui guvci jiiiieni enori in power Goiconris generating-Avila politely murred. Instead he recounted 11 3d 24 (Mr. Doyle answer only selected letters of general interest in his column. He cannot answer phone queries nor send replies by mail.) after the split won't be "worth any more" than the 100 shares you own now as far as ownership of a part of the company is concerned. stabbed in the back.

1R 5.00 Offerings nn Wednesday's produce market were light, the market was very quiet. Demand goodl for Butternut Squash, film bag Parsnip and Blue Hubbard Squash. Demand slow (or Greenhouse Lettuce. Greenhouse Cucumbers and Purple-topped Turnips. Annie market about the same, move Total ia'es 14.800 hres.

011 encLumc, tu UlC peril of gradual socialism: room, some distance away, at the time. Flemmi said he was watching a basketball game and came upon Garbiel after the stabbing. (Copyright. 1962, by United Features Syndicate. Inc.

i The death weapon never has been located, despite repeated searches. No motive was ment good lor C.A. slow for regular Sf mA You are most certainly correct about the total dividends you will receive. But you overlook the fact that the dividend storage. Apnles Mcintosh, ctns.

Celloack U.S. Fcv. 140s 2.50-3.00. fair oualitj 27.000 49,000 ,34.000 8.000 WHY DO SOMANA Port of Boston "You can throw a bullfrog in a pot of boiling water, and he'll hop right out. But put him in cold water and boil it, and you'll boil the bullfrog." was recently increased for the Flemmi was represented by 2.00-2.25: ctns, Film baK U.S.

zl or 11'. film ln-ne 9 9 OrtBHUKD ri r.r., Bnt Hoddnrk Wisconsin 24.000 Bonnie 21.000 Patty Jean 1 Atlantic S.bDO Totl (41 70.000 Drer Total (51 26.000 Summary Total 96.000 natcol. gUn lanoefl SMALL BUSINESSES No ship arrivals or departure due sixth time in the past 10 years Any. Monroe u. inKer anaiW, somezw: Eastern txs.

u.s. rcy. Day claimed he saw Flemmi iu ritavy weaxipr. a up mil m'ai. i.o-i i'( 118.000 33.000 156.000 In that period, the marnet price nf the stock more than doubled.

pull a knife out of Garble CanSman Atty. Joseph Sax. 186.400 lbs of large cod. 81.000 ot market cod That, he thinks, is the kill Overseas Flights Today At Logan Airport ARRIVALS Boston Stocks C.A.. ctns.

crllpack U.S. frv 120s-140s 4.00. lfiOs 3.75. ctns. Film bag U.S.

rl or better 2U" up 12-3 lb. bags 3.00. U.S. Fcv. 2'4" un 3.50.

Baldwin, Film Bag: U.S. r-1 or better 2V up 9-4 film bags 2.25:Eastern bxs. U.S. fey, 2'a" up 1.75-2 OO; ctns. Cell-pack: U.S.

Red De-tlimous. ctns. Cellpack and tray pack When it reached the point it is near now, the company's management proposed the stock split. Stockholders will vote on ing effect of socialism by de grees. any case, Avila is Flirht Kfll frnm i nnrfnn amvmm Net HiEh Low Close Che 17 tfi'a 17 1:05 m.

1 AC). skeptical that the government the proposal Apr. 10. Sales 174 Am Motors 74L1 Am Tel in any way threatens an in Fllirht 212 from San Juan: rrlVM :05 pm. 1 P.

A. Flirht A.M from London Manrh- 131s. 130', 131 u.fc. hey. 80s ic I0OS 4.SU-3.UU.

Keg. Delicious, ctns. Cell and tray pack: U.S. Fcv. 80s.

100s Ac 120s. 3.50-400: 15 Anacnnda 40 49 dustry which generates more ter, Glasgow; arrive! 5:55 Eastern bxs. U.S. Fey, up 2.50- 18 200 lbs. ot mixen DrafKer Arrivals: Wild Duck.

54.100 lbs. mixed; New Star, 33.000 lbs. Haddock 20. scrod 18. lee.

rod mkt. cod 12. cod scrod 14. pollock 16.50, cat fish 14.2.T, cusk 14. femonsole blackbacks 3a.

yellow-tails dabs 20 Dratger Sales: Haddock 20. scrod 16. lge. cod 9. mkt.

cod 12. pollock 16 50. cat fish 14.25. hake 10. cusk 14, greysole 23.

dabs 20. reds 10. Gloucester Arrivals: Joseph Lucia, 75.000 fish. New Bedford 4 boats, 47.000 lbs. Prices 47 r-r3uiMa iroo lbs.

scallops; taxes and capital than any .5.00. Rpptareens hll. bxs. 3 00 other in America. Last year; 16,000 U.S firms went out of business.

But, ctns. 24's per Q. A company in which I own stock has obtained a $40 million loan from a group of insurance firms. The loan is for 20 years and the company will pay annual interest percent. Yet, the president of this company recently stated that the company's earnings will be 49 -i 88 W- 68 16 4 561 4 3 9R'8-3'4 75', a 26' jl- 44 ''2 29', Obviously Avila is some carton: 16'' ctns.

3.25-3 50: 18 ctns. (BO.A.C.J. DEPARTt'RES FHrM to London; leavei 3 p.m. (P A. A.

Flitbt 15A to SanU Maria. Lisbon: leaves 8 m. 1 A. A 1. Flinht to Glasgow.

Manchester. London; leaves 5:55 p.m. iB.OAC.I. FlUht 9M to Lisbon. Madrid, Rome; leaves 8:30 p.m.

(T.W.A.. 4.00; 20" ctns. 4.50. Dandelions Hot says Commerce Secretary what disgusted with the 10 Bos Edison 88 'j 14(1 Bos Per Proo 69 16 15 Cities Service 181 Copper Rnse 223 70 First Nat Strs 64'i 920 Ford Motor 101H 415 Gen Elec 76 104 Gen Tel El 26 '4 383 Gillette 45' 30 Isl Crk Coal 29 30 Narrag Tr 1 2 Vi 700 Nat .11 338 F.i S.vs 2 1S7NFTA-T 49i Bed. bu.

bxs. 3 75. Lettuce Grnhse trouble, indirectlv. that thel 1 nthcr Hnrlpp5. manv could bu.

bxs. 2.25-2 50. Mint ctns. 1 nenrjer cuds 3.0O. Mushrooms 4 qt.

bskts. 1.35-1.40 Laura A 15.000 lbs. scallops; Tocsin. 12 few 150 FRQ 1.10-1.15. Parsnips F.

.11 88' i 63 16'i 56 22, 64U 9R3s 75' 2S 44 29 12'i .11 48', 70 4 37 'i lfi-U 33 'i 23 2V, 271, 571, Hag. ens. 18 1-lb. baits 3.75-4.00, few 6000 lbs. scallops; tapper, lu.ouu ids.

wallops. in.7no lbs. mixed: ivc UAiiig vu11m.11v.1113 agaiuaii D3VB pUllea InlOygn 11 U1B1I unilEIJ utility company suppliers havej had krtown the ABC's of economics, presented. i Out" in this week's "The time and effort going' Fha tha twn mai- only about 2 percent in the near CATHOLIC CHURCH 25t- 'a bu. bxs.

loose, 1.00 3.25; Topped 1.25. BURNED IN BUGANDA Camden. 16.500 lbs. mixed: Cintain Potatoes (Maine 1. 501b.

sacks 21, ouu jortnern tin 70 Rill ia 69on lhs. mixed: 4 into it (the intensive legal. '''J I failure. KAMPALA, Uganda, Mar. 7 (Reuters) A Roman Cath future.

How can a company which has to borrow so much money at such a high rate of interest, ever be a successful investment for stockholders? study to ascertain damages' is 36.500 lbs. mixed Growler. 9800 Jos. mixed: Irene Walter. 7000 lbs.

mixed; Rush. 12.000 lbs. mixed: Sea Ranaer. 15.500 mixed; Soivieg 41.500 lbs. mixed.

Sal. HaHdnrlf 20. SCrOd 17. Cod sons for business Says most i Americans are "economic And outlines a 3-part plan for corj olic mission church has been-a waste for utility companies," 4:1 70 4 33', I6-4- 34 2R'4 30 ill 27 H- 68 57 3-41 'a 74', na 1 34 28 'i 30 2Tt flH 57 '4 42 E. An i.

nes 20S Oiin-Mnthsn 155 Ponn RR 138 S'or Shop 85 TrKtrnn 342 Un Twist Dr 142 United Fruit 85 United Sh 100 S. Rubber 185 U.S. Smelt 42 Vt. Mass. burned down in Buganda in he says.

16! Lemonsole 50 05. black barks 16- Besides, when there are soi Inz with economic problems mm. 05 few 1 00: 25 lb. sacks Z1, mm. ,55 10 lb sacks 2' 2 rr.in.

ParMsh ou. 5 doz. behs. 2 50. lbs.

loose. FRQ B. Kubb. 32-1 '4" fi'm bag. 1,50: Butternut bu, crts.

4 mstly 4.50. 1 MK 5 Packaged, ctns. 12 1 lb. film bags 2.20-2 40: ctns. 10 units fray pack, 2 40.

Turnips Top. 't bu. bxs. 1.00-1.25; film bag. bxs.

Purple Top 12' l1 lb. bags 1.75-1 85. Watercress ctns. 2 doz. bchs, 3.OO-4.OO iew 4.50 1 MK the latest wave of incidents S(i 05: velloxtails 25.

fluke 26.05-52 Oo A. I don't understand that many nice things happening inj Th Saturday Eeenin A arising from political and re- 41', yo.u.:i"b,u..L0.lh!Uigiou3 rivalries in Uganda's 74'i 74' and around Boston, you can na IijeLHei POST as3 351, 125 Westghse. El freysole pollock 10. tile 2-25 Fish anded: 36.000 lbs. haddock tcrod.

5000 lbs. cod. 10.000 lbs. iemoh-eole Sc blackbacks. 10.500 lbs yellow-tails 71.500 fluke.

2000 lbs. grey-ole, 3000 lbs. poilock, 200 lbs. Ula. vnn tinrierstanrl it either Two largest kingdom, police Said TOTAL SALES Uncludmg dealmss see inat Avila preters looxing at the happier side.

in N.Y. stocks not xeoorted above! RICHARD CARIGMAN percent on what on total sales, ioady. 23,519 (hares..