The Salina Journal from Salina, Kansas • Page 11

Latest market report Ailing stocks take big turn for better NEW YORK (AP) The stock market, which had been ailing for weeks, took a dramatic turn for the better today, rolling up one of its best gains of the year. The 2 p.m. Dow Jones average of 30 industrials was up 25.50 at 785.12, and gainers overwhelmed losers by 7-to-l in active trading on the New York Stock Exchange. Investors, seemingly starved for good news only a day before, suddenly got a steady stream of it. IBM set the pace for a broad advance in glamour issues with a jump to 212.

The company reported a 34 per cent increase in second quarter earnings. Among other institutional favorites. Xerox was up 5V 2 at Digital CHICAGO LIVE BEEF CATTLE Supplied by Mayer-Gelbort I nc. OPEN HIGH LOW Aug. 45.50 46.25 44 17 Oct.

44.50 45.60 43.77 44.40 44.97 43.50 Feb. 4475 45.15 43.80 LIVE HOGS July 37.35 38.00 3425 AU9- 34.10 37.20 34.95 Feb. 35.00. 35.47 33.80 34.70 37.25 35 65 PORK BELLIES July 46.50 4S.05 45.27 Aug. 45.00 46.65 4400 Feb.

49.00 50.02 48.20 49.75 49.70 48 10 EGGS July- 42.50 4260 4200 Sept. 53.50 53.80 57.30 1 :30 Stocks NEW YORK (AP) New York Stock Exchange selected afternoon prices: Last Chg. AlldCh 14k AllisCtial 7314 Alcoa uvt Am Afrlln 8 4 A Brnds A Cyan 'A AmMot 54k 'A AmTT 43Vk J3t Ampex Corp Anacon 21 (j All Richfl Avco Corp BeatFds BeecAIr (j BethSt 4(, Boeing i6Vk Celancse 27 ft Cert-teed Cessna Chryslr Citicorp Ui ComwE Vk Comsat Cnt Can IV. ContOfl 33H CornG 7V 4 CurfisW a DowCn 63 2Vi duPonl 157 (j 314 EasKod 98Vi 3 Echlin 23 Vk EmerEI 35 Exxon 694k IVk Firestone FMC FordM 1 Gen Dynam 'A GenEI 46Tto 7 GenMNI 47V 4 GnMel TelEI 2ff Mi GoodyrTR 15 Grace 22H IVh Greyh GultOil 'A Halburt 134 Hercules Hesston Homestke 43W I6M U13 fnt Har 72J's IntPap KanGEI I3W tfo KanPLt 16 Katy Ind Kerr MG 61 IVi KresgeS UOF 2J 14k Utton 7 Magvox Marcor 24'A MartMa 144k McDonD 13'A MidSUt 'A AAlnMM 72 Tfl Mobiioi i'a Monssn 60W 2k Nabisco 31 'A NatGyp 11 NNGas NorSim 12 1H OklaGE 17VS Vi OMaNG PanAm Air PanhEP 23H Pcnn Cent Penney PREV wn CLOSE CLOSE ed before the liS The limit 43.60 44.00 bushel in wh 43.72 44.15 in corn, 6 37.35 SO vbcsn oil 2 36.42 35 85 34.82 34.1? At the clos 34.77 35.75 2 0 Cents 3 1 44.30 44.77 ChlCflgO Whe 45.20 45.15 on. 49.95 UUII 49.55 48.20 4.58n; corn 42.25 42.10 3.18Vz;ando 52.55 52.05 1.59%.

PhillPet 44H 14k Proct 99Vfc 4Vk RCA 14 ReynMet 19 IVi RyderSy Salewy StJoeMin 31Vj StRegP 1 SFelnd Sekr nk IW SperryR H'n StdOIICal 26 StOillnd Texaco 24ft 1 Tlmkn 78 Trans Air 8H UnCarb JSlt Un Elec Uniroyal US Steel 44 Vi Upiohn 3 7 WUnion 9 WestgEI 127s Wolwtn U'A NEW YORK STOCK EXCHANGE 1 :30 a.m. quotations Provided by A.G. Edwards Co. Cenlral Soya Control Data 31 Gen Poods Rockwell Infl. 5 vt, Union Pacific Corp 71 United Telecom 12 OVER THE COUNTER BID ASK Graves Truck 9 Duckwalls 8V4 9V4 Cofeman Am 5 Butler Mfg 22 23 El Dorado Ind.

4 Market summary NEW A MarKels at a glance: Stocks Higher. Cotton-- Lower. CHICAGO: Wheat-- strong; good demand. Corn-- Up to limit higher. Oats-- Up to limit higher.

Soybeans-- Limit higher. Produce A A CITY A Wholesale eggs: large, BO per cent A 37-48; medium. 80 per cent A 33-45. CHICAGO A (U5DA) Butter; markel steady; values unchanged; 93 score AA 60.57; 92 score A 60.57; 90 score too lew to test. Eggs; market sentiment Steady with unchanged values; A extra large A large 47-49; A medium 43-45.

Wagon grain prices Salina: Corn-- S2. 65 UB 5c I5c Milo-- W.SOup 15C Soybeans-- $5.50 up 20c Equipment. 5tt to Johnson Johnson. to 109; and Upjohn 4 to 77. Indian Head, subject of a $27-a-share tender offer by a European company, soared 3 7 to The NYSE's composite index of all its listed common stocks was up 1.54 at 43.16.

On the American Stock Exchange, the market-value index gained 180 to 76.42. The Amex volume leader was Syntex up at Grains climb, then retreat CHICAGO (AP) Farm commodity futures rose to limits for one session on the Chicago Board of Trade today after a bullish Agriculture Department report, but wheat, corn and oats retreat- ic close. gains included 20 cents a and soybeans, 10 cents cents is oats, 100 points in oii and $10 a ton in meal. se, soybeans were locked at bushel higher, July 6.41V2; eat was 5 to 12 higher. July hard red closed with July nvestments 6.74 Buy 7.37 5.5,1 6.07 3 SB 5.99 4.95 8.33 3.61 1.77 7.82 4.22 6.51 5.41 io.se 9.10 3.95 1.39 8.55 10.57 11.58 7.33 7.46 8.15 11.68 7.M 8.01 8.1S 8.91 12.77 B.57 YORK (AP) The following quotations, supplied by the National Association of Securities Dealers, are the Prices at which these securities could have been sold (net asset value) or bought (value plus sales charge) Thursday.

Sell Am Mull Anchor Group: Fd Inv Axe Houghlon: Fnd A Fund Stock Calvin Bullock: Bullck Channing Funds: Balan Grwth Specl Chemicl Dreyfus Grp: Levge Eaton Howard: Balan Grwlh Stock Fidelity Group: Fidel Puritn Financial Prog: Indust Founders Group: AAutal Franklin Group: Equit investors Group: Mutl Stock Select Var Py Keystone Funds: CusS3 Cus S4 Lord Abcett: Affiltd A Bus Mass Financl: MIT MIG OmaG Omahl Mul Trst Nat Secur Ser: Stock Pioneer Fund: Fund Price Funds: Gruvth Pru SIP Putnam Funds: Georg Grwlh Incom Selected Funds: Sel Am Supervisd Inv: Tech TwnC Gt TwnC Inc United Funds: Accm Incom Scien Value Line Fd: Val Li Wash Wellingtn Group: Wellln 3.25 N.L. 7.16 7.S3 3.07 3.36 7.40 8.05 14.41 15.64 8.34 8.99 5.35 6.03 5.23 2.40 5.44 2.50 8.6S 8.63 3.6* 7.04 1.74 5.38 9.19 9.20 7.71 11.15 8.09 6.69 5.732.63 5.89 2.71 9.45 9.43 3.98 7.65 N.L. s.sa 10.04 N.L. 8.43 12.19 B.B4 7.31 5.69 N.L. 4.96 1.80 3.01 5.03 9.25 S.OO J.09 9.19 5.44 1.97 3.30 5.51 10.14 S.4J 4.48 10.04 838 9.16 Okay report on pre-primary TOPEKA, Kan.

(AP) The republican State Committee took another step today toward implementing a pre- primary endorsement system for the 1976 election. By a vote of 38-10 the committee approved a motion sending a report of its rules and procedures committee to the constitutional and bylaws committee for the drafting of proposed amendments to the state GOP Constitution which would be required to implement the plan. Under the tentative proposal, candidates for Republican nomination to public office in the August primary election would have to receive 30 per cent support of the delegates at meetings from precinct caucuses to the state convention before they could claim official party endorsement in the primary. Simpson opposed Speaking against the proposal were state Sen. John Simpson.

Salina. and Ralph Skoog. To'peka attorney. They both branded it a "step in the wrong direction." saying it would not create any more participation in GOP politics and could serve as a divisive factor because it will cause hard feelings among candidates who do not win party endorsement. Simpson said that "in effect, candidates will have to campaign in a third He also said he can't see any candidates "bowing out because they didn't get 30 per cent endorsement; it's just going to make them unhappy they didn't get support." Truck is missing Salina police are investigating the theft of a pickup truck valued at $1400 from Jerry L.

Jolley. 112 W. Grand. Jolly told investigators the truck, a red 1964 Chevrolet El Camino bearing Saline county 7125 plates, was taken from his driveway sometime between noon and 6 pm Thursday. Also reported was the theft of a tape player, stereo tapes, a camera and flashlight from a car owned by Glenn A.

Schat. 624 S. 2nd. The missing items were valued at $45. Lauren GRAY Democrat For Saline County Commissioner District I August 6 Primary Pol Adv Paid for by friends ol Lauren Gray for Comrmss.oner Brown Chairman Today's records Hospital Admissions Asbury Mrs.

Marguerite Hoffman, 430 S. 7 Mrs. H. E. Nuss, 844 McAdams Road; Teree Caldwell, 415 E.

Crawford; Mrs. William Strait. 1010 Manor Road; Edwin Goehring, 301 Anderson; Mrs, Clarence Morrow. 825 Osage: Kristin a i 706 Sherman; Lloyd Cochran. 517 S.

llth; Mrs. Earl I Keltner. Overland Park; Marion Brock, Delphos; Jere Ellis. Lindsborg; Mrs. Alfred Strauss, Junction City.

St. John's Mrs. Janet Graupmann, 1200 W. Crawford; Mrs. Emmit Kenney, 148 N.

8th; Donald Klein. 419 Maple; Ernest Lindquist. 729 W. Republic; Mrs. Max Mynatt, 811 E.

Kirwin; Mrs. Paul Rohleder. 1115 Poplar; Nick Anschutz, Wilson: Cecil Brown, Green; Mrs. Virgil Caldwell, Smith Center; Mrs. Garold Callahan, Abilene; Timothy Davis, Abilene: Mrs.

Donald Hance. Belleville: Mrs. Celia Hudson, Osborne; Anton Mattas, Wilson; Jana Stailo. Lorraine; Mrs. Eugene Walle, Assaria.

Hospital Dismissals Asbury Mrs. Ola Haley. 660 S. Santa Fe; Mrs. Myrtie Shriver, 660 S.

Santa Fe; Mrs. Charles Rush and baby boy, 1214 E. Iron; James Shelby, Salina RFD 3: Kimberly Webb. 422 S. Delaware; Mrs.

Roger Shrole. 704 W. Walnut; Mrs Robert Lloyd. 1114 Talley Drive; Charles Musser. 812 E.

Ellsworth; Mrs. Helen Brown. 1265 Faith Drive; Toni Tacha. 432 E. Jewell; Elvera N.

V. Nordell, 732 Vassar Drive; Anton Esterl. 425 W. Pres-' cott; Mrs. Billy Arroyo, 414 W.

Crawford; Mrs. Timothy Stewart and baby boy. Abilene; John Weak Abilene; Chauncey Bates. Delphos; Walter Hazelton. Westfall; Mrs.

Robert Smith, Lincoln: Vernon Kysar. Quinter; William Harlow. Tescott; Lewis Smith. Longford: Walter Livingston, Fairoaks. Calif.

St. John's Kenneth Crimen: 740 Sheridan: Arthur Nelson. 541 S. College: Mrs. Will Pittenger.

1947 Robert; Mrs. Herbert Rees. 130 N. Front: Mrs. Ernest Staab.

814 Spruce: Kevin Summers. 1204 Stapler: Mrs. Joyce L. Trimmell. 153 S.

Chicago; Mrs. Hector Villagran and baby girl. 1655 Beverly Drive: John Winters. 1515 Arapahoe: Nickles Wolf. Salina RFD 3: Mrs.

William Zugg and baby girl. 1335 Arapahoe; Mrs. Florence Bowers. Hope: a i Brechbill. Herington: Sandra Butler.

Wakefield: Terry Coker. McPherson: Mrs. Vivian Heald. Minneapolis: Barbara Henderson. New Cambria; Mrs.

Leroy Mann. Manchester. Fire Alarms 9:40 pm Thursday 1622 Cloud Circle. Charles Haines residence: odor of gas: found leak at gas pilot and turned off valve: no damage. Courts Magistrate-Dismissed (to be refiled in district court) Raymond Lee Hruska.

1224 Wilbre Road. 2 counts theft of telecommunications services and one count possession of marijuana. Municipal Clarence Albert Befort. Assaria. reckless driving.

$150: Donald C. Finch Wichita, reckless driving. Robert Dean Hunt. 751 Osage. reckless driving, $250: Steven Thomas Lantz.

1112 E. Ash. resisting an officer. $100: Thomas Henry Phillips. Garden City, reckless driving.

$250. District -Filed State of Kansas and Kathy Ann Heller vs. David Fazei. paternity suit- Divorces Filed Helen L. vs.

Ronald J. Metro; Pamela A. vs. Richard E. Shogren.

Marriage Licenses Clay Sherman. 30. and Mary Williams. 26. both of Salina: Ernest Jack Luke.

20. Las Animas. and Cynthia Louise Noyes. 19. Salina: Antonio Neeley.

19. and Mary Darby. 20. both of Salina: James V. Hamilton.

25. and Lori Ann Kraft. 20. both of Salina: Larry M. Allen.

27. and Caroi Norwood. 22. both of Salina: Roger H. Holle, 20.

and Denise D. Stephens. 19. both of Salina. Dodge City girl killed CIMARRON.

Kan. A A car overturned on a rural road Thursday and Guhr. 13. Dodge City, was thrown from the vehicle and killed. The highway patrol said the car was driven by Ross L.

Curry. 29. Garden Citv. NA1IONAI WfATNft SltVICI fOlfCASl to I $1 XOO Friday, July 12,1974 Salina Journal Page II IOWIST TfMNRAIURtS UPI Wf OIOCAST Deaths and funerals Robert Wallace is dead at 80 The funeral for Robert A. Wallace, 80, 2407 Melrose Lane, a longtime Salina grainman.

will be at 10 am Saturday at the Geisendorf Rush Smith a home. Mrs. Arnie Watkins as reader. Mr. Wallace, owner and operator of the Wallace Grain since 1929, died Thursday at Asbury hospital after a long illness.

He had been hospitalized for 3 months. Mr. Wallace was born March 22, 1894. in Osage county. He came to Salina in 1914 and attended Kansas Wesleyan College of Commerce before joining Shellabarger Mills where he was traffic manager.

After service in World War 1. Mr. Wallace returned to the Salina grain trade and started his own company in 1929. He was active in the Salina grain scene untii he became ill a few months ago. From 1931 unti! 1973.

Mr. Wallace was secretary-treasurer of the Salina Board of Trade. He was a member of First Church of Christ Scientist, a 50-year member of Salina Blue Lodge No. 60, the Salina Consistory. Isis Shrine and American Legion.

Surviving are the widow. Fannie: a daughter. Mrs. Harold HandJey. Berthoud.

a brother. John. Los Angeles. a sister. Mrs.

Ella Cropp. Topeka. and 3 grandchildren. There will be a Masonic service at Roselawn Memorial park. The family suggests memorials to Asbury hospital.

Friends may call at the Geisendorf Rush Smith funeral home until the service. Hope rites set for slain man HOPE The funeral for Gene Raymond Scott. 25. Lawrence, apparently murdered while collecting money from 7-11 Stores he supervised, will be at 10 am Saturday at the First Christian Church. Hope, the Rev.

Clarence Stanke officiating. Burial will be in the Hope cemetery. Mr. Scott was supervisor of 7-11 Stores in the Lawrence-Leavenworth-Topeka area. He had been missing since making his collections July 5.

Tuesday his body was found in a roadside ditch southeast of Topeka by a man mowing grass. He had been shot 6 times. He had been robbed of an estimated $5000. His car was found that day in a parking lot 150 yards from the bank where he normally deposited the store receipts. Mr.

Scott was born Jan. 18. 1949. in Abilene. He was a member of Hope's First Christian Church.

Surviving are his parents. Mr. and Mrs. William Scott. Hope: a twin brother.

Jan. NAS Lemoore. another brother. i i a a a a and a grandfather. Richard Duenning.

Hope. The Carlson funeral home. Hope, is in charge. MRS. ORRIN BEADLESTON' ABILENE The funeral for Mrs.

Grace Beadleston. 75. Abilene, will be at 2 pm Saturday at the First United Methodist Church. Abilene, the Rev. Harold Ready Cash Reserve Going shopping? You'll probably Imd a bargain lhal you jusl can 1 rosisl but 0 might cost more man you have in your checking account What you need is some cash reserve like Ready Cash Rcseivc tt extra dollars in your checking account whenever you need them Ask about Ready Cash Reserve loday at First Nalional Bank FIRST NATIONAL BANK AND TRUST COfHrANV 101 Slaw MM 1 Lambert officiating.

Burial will be in the city cemetery. Mrs. Beadleston died Thursday at the Mid-America Nursing Center, Abilene. She was born Aug. 10.

1898, in Idana. She later lived in Talmage before moving to Abilene in 1943 with her husband. She was a member of the First United Methodist Church, Abilene. Surviving are the widower. Orrin.

of the Mid-America Nursing center, Abilene; 2 sons, Keith, Alma, and Alvin, Salina; 3 daughters, Mrs. Merle Emig, Mrs. Lawrence Cook and Mrs. Francis Anderson, all of Abilene: a brother, Floyd Logan, Miltonvale; 13 grandchildren and a great-grandchild. The family suggests memorials to the First United Methodist Church, Abilene.

Hutchinson elevator is damaged by fire HUTCHINSON (HNS) Wheat dust sparked by an electrical short in a motor caught fire Thursday, damaging the contents of Grain Belt elevator. Chuck Peterson, superintendent of the Salina Terminal Elevator which owns the elevator, said wheat dust at the top of the bin caught fire. Firemen had to douse 7000 bushels of wheat in the bin to control the fire. Peterson said there was no apparent damage to the elevator itself other than the motor. FORECASTS KANSAS Clear to partly cloudy through Saturday.

A few thundershowers northwest late this afternoon and west tonight. Continued hot today and Saturday. High 93 to 103. Low tonight 60s northwest, mid 70s south. EXTENDED FORECAST Kansas extended outlook Sunday through Tuesday Chance of thundershowers north Sunday night and Monday: a little cooler north; high upper 80s north to near 100 south; low up: per 50s northwest to mid 70s southeast.

ZONE FORECASTS ZONES 1, 2, 4, 5, 7 and 8 Clear to partly cloudy through Saturday; a few thundershowers tonight; low tonight 60s to near 70; high Saturday mostly 90s; wind 10 mph tonight; rain probability 20 percent tonight. ZONES 10 and 11 Clear to partly cloudy through Saturday; a few showers and thundershowers developing this evening; high Saturday 98 to around 103; low tonight low to mid 70s; southerly winds 5-12 mph tonight; rain probability 20 percent tonight. ZONE 1 Cheyenne, Rawlins. Sherman, Thomas. ZONE 2 Wallace, Logan, Greeley, Wicfiifa.

Scott. ZONE Oecalur, Norton. Sheridan, Graham. ZONE 5 Gove, Trego, Lane, Ness. ZONE 7 Phillips, Smith, Rooks.

Osborne. ZONE 8 Ellis, Russell, Rush, Barton. ZONE 10 Jewell, Republic, Washington, Mitchell, Cloud, Clay. II Lincoln. Ottawa, Ellsworth, Saline, Dick-.

Rice, Marion, McPherson. SALINA WEATHER City Airport: Temp, at 1 pm: 97; Min. Friday 75; Max. Thursday 101. FAA Reported at 11 am: Barometer 30.07 rising; Wind 14 MPH; Relative Humidity Lowest this date 53 in 1907; highest 111 in 1954.

Airport By FAA Thursday 2 pm 3 4 6 7 8 10 11 Friday 12 midnight 100 101 98 99 96 94 90 85 1 am 2 3 4 5 6 7 9.... 10 11 12 noon 1 pm 11 79 7S 79 95 97 Arraignment set JACKSONVILLE, Fla. (UPI) An Aug. 1 arraignment date was set today for Sen. Edward J.

Gurney, accused of bribery and conspiracy in connection with a $400,000 political fund raised in his behalf. Theater review Strong cosf, strong drama unite in Miller ploy at MM By MARILYN H1NES Many authors have attempted to write about Marilyn Monroe. Most have not succeeded nearly as well as playwright Arthur Miller who was married to the actress for a short time. After the collapse of this stormy union (it was Miller's 3rd marriage) and deeply concerned about the direction his life had taken. Miller wrote the play "After the The drama was given Thursday night at MarymSunt by a strong cast of students who are members of the Sunflower Summer Theater.

With the Monroe-Miller breakup acting as the catalyst, the playwright begins his painful search for truth. In order to find out about himself Miller, who is called Quentin in the play, retraces his life from childhood, through his marriages and his difficulties with the McCarthy investigating committee. It is a tortuous route marked by with roadblocks of agony and detours of misunderstanding. The second act of "After the Fall" is devoted to Miller's courting and eventual marriage to Marilyn Monroe. In the play she is a singer called Maggie.

If ever there was a classic case of "opposites attract" it was the Miller- Monroe relationship. He is the in- tellectual who makes her feel like a first class citizen and she is the kooky "now" person, who considers herself a joke to most people. Their marriage is at first ideal, but as Quentin attempts to remake Maggie over into his own image, she begins her tragic descent into booze, pills and suicidal attempts. "After the Fall" is heavy drama with many long passages that demand much of the cast. Kay Melcher is a perfect Maggie.

She doesn't attempt to give an exact impersonation of Monroe but accomplished the effect with a lilting voice, and a quizzical, yet senuous, manner. As Quentin, Garnold Kreft resembles the playwright as a young man. At times during the 1st act Kreft was too intense for the comfort of the au-. dience, but by the 2nd act the actor settled nicely into his role. "After the Fall" which was directed by Joel Climenhaga.

can be seen again on July 17th. Remaining Sunflower Summer Theater- productions this week are "Jacques BrelP Friday Night: "Miss Reardon' Saturday and "Doctor Doctor" Sunday night. All shows start at 8 pm in the MM Little Theater. We Still DO BUSINESS BOTH WAYS Example Full Free Local factory warrant Free delivery Credit terms Free i a a i a a i instructions on an Olivetti Praxis 48 Electric typewriter 00 For cash in our office We deliver for extra charge Extra charge for installation We service locally during warranty for a charge Free factory warranty at factory outlet only. On an Olivetti Praxis 48 Electric typewriter.

Moil or Phone Orders Accepted We still service Olivetti equipment by having it picked up furnish repair loans. We If we don't have what you want we'll order it. KCS Discount Store Division Spaeth Office Service 221 C. So. Santa Fe.