Daily News from New York, New York • 187

Money -Cost Pressures Stocks Factory Orders Gain 5 Uy WILLIAM BROWN A Af ICU gE The stock market pave ground for fie fourth straight session yesterday as a( AHrji WW I IN MUli. mnrnm. rallv attpmnt faded In the afternoon. The Dow Jones average of 30 New York Exchange industrials lost 3.20 to 843.48, after being plus 5.87 at noon. I- Washington April-1 (Special) --New factory orders continued to rebound from a December slump by -rising Fiflr BoHril volume slowed to 11.4 million shares from 12.1 THE 5 NEWS of business February, th6 commerce depavtment Reported 1.5 in today.

Coast Banks Lift MOST (CTVE STOCKS DOW JONES AVERAGES Yester- Day's Year's Year's NEW YORK EXCHANGE Low Change day million Friday. Declining stocks outnumbered advancers, 896-483, while Standard Poor's 425-stock Index fell 0.81 to 104.25. One analyst noted that the prevailing: concern of the market now is the direction of short term interest rate. "As they go Close Ch'ie. 3.70 rl 65 Prime to y2Vo t's 205.45 TO Industrial 143.41 10 Transports 184 44 15 Utilities 90.0S 5 Stocks 27.14 101.90 180.01 90.03 259.54 4t 57 91.0? 90.01 0.47 1.04 1- 41 0 42 0 37 95.09 282.51 53.

37 105.01 4.5J Sees 173.4JO Rile Aid 19.1,0 Weslohs El 124,400 Con Edison 112,00 House Fin 104.100 Alaska Intrst 104.600 Mesaoi Tr 104,300 Uris Bldg 101,400 Roch Tel 92,200 Am Tel Tel 90,100 Soulhn Co. 88,400 Genl Motors Several ma or California banks yesterciay lifted their prime lendinr rats from 9 to 92, a move which brought their base interest charge into NYSE Comp. 0 T-C fomp. 49 so S.9i 1.90 up, stock prices win continue to i 19V I 19 1 14'4 1 12' 3H in. 14'.

V. 15Vj 14 49Vf A 16V Vt 50 42 Vi Unche. .23 Vt drop," he said. DOW JONES INDUSTRIALS Apr. Mor.

(Wil 15 Fresh booking's in February rose to a seasonally adjusted $80.27 billion from S79.08 billion in January when orders surged 3r'e. The increase of the first two months of the year offset the big 3.3 drop in orders during December. Orders for durable goods in February rose 2.3 to an adjusted $43.41 billion while bookings for nondurable goods increased 0.6 to $36.86 billion. Shipments for all manufacturers rose 0.9 to an "adjusted $77.91 billion in January when shipments climbed 2.4. Inventory growth picked up in February as business stocks climbed 1.8 to an adjusted 22 29 60.200 Allied Chem 78,800 Am Tel Tel 78,200 Middle Ut 7S.700 Int Tel Tel 151 Con Ed Drops I Consolidated Edison, amont the most active stocks, lost 1 to 19.

Publiahed reports over the weekend alleged the utility is in financial trouble. Aliiaka interstate, which dropped 4 in thp two previous shed to 12 'i and was the fift'i buHient issue. Last e- AMERICAN EXCHANGE 48.900 Syntex 4- 43,100 Champ Home 4's 44.000 Nat Kinney 4S 36,900 Bowan 24 33,000 Coleman Co. 9 OVER-THE-COUNTER 1'4 S25 line with flia' of, two major New York banks. The California banks included Bank California, Crocker Wells Fargo and Union Ban'-.

Last week Bankers Trust Co. and Franklin National Ban': raised their prime rates from 9'r to 9'2. Other, major New York City banks, lifted their rates from 9 to the end of FeVnary totaled an adjusted billion, up Irom January's $117.68 billion. 114,800 Penn Life 1 Unchg. 88.000 Rank ur -300 the company said its 1973 loss 40,200 Monumental ft Unchg.

1 20 Tt 54,400 Anheuser Buscn 51.100 Nieison A C. (A) cauaej non-compliance with a credit agreement with eight, bank. I'olwell Mortgage, which didn't STOCK AND BOND SALES -175 from $122.57 bil-month when they 11 it $124.84 billion lion the prior ro.se 1.4. The backlog V. Exch.

Stock! Amex Stocks Yesterday Friday $11,470,000 112,150.000 1,430,000 1,900,000 tll.540.000 Xi4 07nonn trade Friday, fell 2 to 15'i. Ihe 1 M. I Y. Excl. Bond! at all factories at 150 HIGH I CLOSE IOW I company restated last year a i earnings downward for the sec- I ond time due to an increased reserve for losses.1 Mesabi Trust, which receive! royalties from Reserve Mining was dumped to 84.

1 125 NASDAQ Stocks! 4,501.100 4,521,400 ISSUES TRADED Y. Total Gained Lost Highs Lows Yectcrday 1,775 483 894 13 123 Friday 1,771 459 el7 I 120 Amen Fr 243 41) II 42 Yesterday 77 257 398 ODD-LOT TRADING Construction Outlays Rise Washington, April 1 (Special) Construction spending edged up 0.3 in February, the Commerce Department 23 -21 -17 1 1 said today. Bought March 2 227,533 March 2J 238,174 Sold Short Total Sold 6,237 290,478 9,842 334.449 lllll II U.S. TREASURY FIGURES 11. 1 11 Soles in Millions Cech Balance Internal Revenue ,874,30 Not tion rose 0.8 r'r to an adjusted annual rate of $99.2 billion from $98.4 billion in January.

Public construction ran at an adjusted annual rate of $34 billion down 1.2r'r from January. Measured in 1967 dollars to eliminate the impact of inflation, February construction ran at an adjusted annual rate of $83.1 bi'lion. down 0.5 from January's billion rate. Building outlays ran at a seasonally adjusted annual rate of $133.2 billion, up from January's downward revised $132.8 billion, but 2.3 rc below the year earlier $136.4 billion rate. The January figures previously had been reported as $133.2 billion or 2.3 below December, but were revised downward to reflect additional data.

Outlays on private construc The environmental Protection Agency reportedly thinks it has enough evidence to enjoin Reserve from dumping waste in Lake Superior. Clamors Weak IBM led a weak glamor group, falling 6 to 2294. Oils were dull and steels and motors mixed. Gold shares bucked the trend. Dome Mines jumped 6Va to 184 while Ilomestake added 2 to 92U.

Liberty Loan, the subject of a merger, climbed 2Vs to 14. Libby, McNeill and Libby rose 4 to 57. Nestle of Switzerland, which already owns 6.5 million Libby share), said it plans to purchase (iOO.OOO more. Crown Zellerbach gave a rosy earnings estimate but dipped to 31 Vi. Lear Siegler offered debentures for its preferred stock and the preferred climbed 2 to 26.

Richmond Corp. said first quarter net could be down 10 from a year ago and dropped to 16. On the American Exchange, prices slipped in dull trading. Cook Industries issued a favorable projection on earnings and climbed 2 to 33. Syntex led the actives, up a.

Make Yonr Money Work Corninq Glass Profit Eases Corning Glass Works said yesterday that its first-quarter net income dipped 1.7 from a year earlier while sales climbed to $243.5 million from $204 million. United Brands reported operating income last year rose sharply from lt72 as sales increased to billion from $1.59 billion. The company's 1972 results were restated to reflect the sale of the Bask in Robbing Ice Cream Co. and. the disposition of Revere Sugar Refinery.

The reports: 174 1973 COB NINO CLASS WORKS 3 mot. March 24 nettia.011.0O3 $11,321,000 Per snare 1.02 1.04 CHESSIC SYSTEM 2 mos. Mar. 31 nal 113.500 000 113.900 000 Selected Stocks, New York Stock Exchange Monday, April 1 974 By 'DON CAMPBELL 1 The News Financial Editor Q. You have mentioned retirement p'ans for the self-employed.

Would you talk about the differences in the plans offered? We have invested in an insurance company's annuity plan. Since investing in this we have heard of others. What are the merits and drawbacks of these plans? Is there a booklet in layman's language explaining these plans? I've read our contract Sales test Ch'g fx-cld Pel 15'e 41 353k V'i 434 2V 5H 37i -57V, 44' 4 I'. 19H 43i 3314 54ii 43 2314 -t- 32l Olin Corp Owens CO Owens III Paine, Web PanAmAir Penn Cent Pennev Pepsi Co. Pfiier Phil Mor Phil Pet Polaroid Procter PubSerEG Pultman Pavtheort CA Penub Stt avion Pev Ind Pevn Met Peyn Sec Hoy el Ouf many times and I still don know what it says.

A. I can understand your bafflement because even the basic idea itself much less the specific ways to go about utilizing it isn't well understood. And, no, I have heard of no leaflet on the subject that puts it into layman's terms (although you're giving me ideas in this department), You can go, or write to, your nearest Internal Revenue Service office and buy, for 30 cents, a copy of a tome entitled "Retirement Plans for Individuals," (Publication 560, Revised), but I'll warn you now that it's gummy going unless you happen to be a lawyer. You're rieht. of course, in stating that there Per snare 11.53 11.

40 I MART SCHAPENER MARX 1 mos. Feb. 21 net 14,170.000 14,130,000 Per share .47 1V. 172 ASKIN POBBINS ICE CREAM Yr Dec. 31 net 1 1.446.000 11.519.000 Per share -7 .44 ME MOR EX CORP.

Yr Dee. 31 ott $1 ,200,000 Per lhare .30 Prolit 240 43 35 20 10 2lt 1 134 II 171 204 315 9 204 177 214 375 147 SO 105 24 7 40 t-z 101 114 321 71 114 102 143 131 150 X2I1 33 57 443 123 441 374 l4 144 515 144 50 x37 27 toO 204 112 152 13 1 UNITED BRANDS Yr. Dee. 31 op. 000 Per snare 3.14 SiB.737,000 JO 3e4 31 33'e ll'4 14' 4 51 35'4 lk Safeway St Pea SantaFelnd SM Core Jcott Sebd CL Sears Roe Shell Oil Sineer So Cal Ed South Pac Soerry Pd Squibb CP StOil Cal StOil Ind STOil Oh 0 Sterline Stevens JP Teleprompr Tenneco TeNaco Texaslrt'tr TexasouH Transam Trans A Commodity Mart Reforms Asked Washington, April 1, (Special) The creation of an independent federal agency to regulate the nation's multi-billion dollar commodity-futures industry was rec 5H I ii 3 V.

5H 271. 3 5 V4 21 5' lelei Last Ch ee. tt Admiral 4 12' Gen flee J70 543 -f vt Airco Inc 22 12'1. Gen Foods 517 25" (. Allen Gr 4 Gen Instr 47 14 Allied Cl W2 42 Mot IS 4 50 ''4 Alcoa 344 474 GenTelEI 4.T2 24 VI Amerada-M ti 31 Gen Tire in 14' 't Am Airlm 2V) '-4 Georgia Pe 52 41'e J'e Am Brands 44 37'4 Getty Oil 41 lie Am Bdresl 4 4't i Gillette 102 34 Vi Am Can 50 2'e Goodrich 52 IIH- Am Cyan lil Vi Goodyear 354 mfl 2I 24i 1 Grace Co 87 24'.

Am Home 2H7 3i Vs Grand Un II I2V Am Motors 5 Vi Gr A It 17'. Am Smelt 2BI J5' Greyhound 17t 15H -f AmTlt in 49'4 Grumman II 1I' AmTTts 78 Gult Oil 413 22 AMP Inc 40 20' '4 Gutt4we 14 25V. Ame 49 4'e-f Honeywell 174 74'. 1 AnacomM 1U 24' Hutt, F. 7 Arien Nlty 41 l' IntBusMac a4t 22J4 Atlantic 154 t4' Int or IA2 77H Aro 43 4'.

4 Int Nick 344 35'. -f Ve Avoej Prod 53'. lot Poef 335 51 SneCo. 23 4 Int TT 757 23 tan ol NY 3 1' I 4 IteK 51 15 Banners Tr 55 50 l's John Mane 55 20' Bausch 4 34 3l' John John 177 Kb1-, Barton, Dl 55 3'i V. Kennecolt 520 3 Bell How 12) le4 Krattrs 4 1 Bendin 3 I5V.

Kresoe .144 311. Beth Sll im 32'. LaneBrynf 4 ll'i Boeme 45 14 Lehman 50 13 V4 Borden i 21 tevitjFurn 544 4'4 Bore War 4e 20 Line 1 My 23 31 Bristol My 47 Vj Litton Ind 171 klyn Un II ir '1 tl 5 BrunswicK 1S2 l4-. Loews II 2ft4 Bunk Rama it 7 tone Is Lf X105 14'. Burl 'ncl 21 74' '4 '4 Ltv Cor Jo2 10' '4j Burreughl 71 205'4 Mary's 34 17 Carrier 3 14' 1 Madsn Pnd 35 10 -f Cater Tr 240 5 I Manavo 324 Celanese 4 31'.

'14 Mtrs Han 42 37i 4 Charier NV 20 21 Marror 111 Chase Bank 120 SO Marine Mid 37 33 'j Chem NY 3 44 McDonn O. 17 14 Chese-Pndi 24 ii'i Merrk 15 KH4 Chock Pull 13 MerrLynch 324 104 V. Chrysler 2H1 17i. MOM 4 12'. V4 Orpin 504 3d s.

i Minn MM 41 73'. Citicorp 5V7 39'. Mobil OH 241 445 Cities Sve 151 47' 1 Molyhden 51 2T City Invest 144 1H'4 Monsanto 245 57'e Coca Cola 1I1I0' Vorean JP 74 42'. 1 Cow Peim H7 JVi 1. Motorole 121 54e Vt Ci 441 33' 1 4 Colum Cs 4 JS'i- Comen 105 13 1'.

Comsat S''lL'n i4i 'H ContlO.I J44 40''. -in 7i H't Con Oata 01 'e Cornlne Gl 52 75'. Niae 123 I3'i CecT'l- 117 31 4- Norfolk Wert 55 44. Corlr II V. "Jrt 1 Nw5t Ind 35 21 4 '0an Wit.

21 Vt "4 Norton 4t 15'. Delta Air 214 41' De 1 tone 72 7'. V. o.sney 202 ae American Don Lutt 71 Dow Chem 3a 40' 4 V4 A lee Alrt 35 14 Ou Pont 114 15. Amco Indus I tastAirl 344 7 Ark La Gas i Kodak 3'2 104 V.

AsameraCp 34 ll'i V. El Pas NO 200 Bohec Fsmerk 74 2 V. Bowman Ins 110 T4H 4- Mi ExtnCo 30 MV4 1'. BrescenLtd Ui't Vs FaircnC am 474 3'-. Can Sup Oil 15 Pair Indus! 10 5'.

Capitol Ind. PedNMI 375 I4J Carnation 1 2' "1 red Sir 200 30 '-4 -f Ve Chon Home 531 4'. PiresMne Cinerem) IJ I FleP-rLle 37 23 "4 Crtolm 32 17H Pord Mot 3e 4a '7 Dty Mines t4 10' 4-t- '1. Form 'ili a 40 12'. "4 Dixilyn Cp 1J 7' CeiDynem 7i''t Yt I Fronlit II I'e Vt are a variety of ways to utilize this 1963 law (HR-10) which per- mits the self-employed to invest up to lCKc of his annual income in his own retirement plan, up to $2,500." his is 'deductible and all reinvested dividends (or interest) -and capital gains also escape taxation until, at retirement time, you begin withdrawing from it.

I Mutual funds have been a popular Keogh vehicle, but there are other ways: in special U.S. government retirement bonds, with banks (and savings and loan associations, life insurance companies, annuities, or with a custodial investment account with a bank). It's hard to say, flatly that one route is better than another because they all have their advantages and disadvantages. Mutual funds are big in this field because, over the long-haul, a good growth fund will outstrip more conservative investments. But, of course, mutual funds are pegged to the stock market, which can go down as well as up.

The life insurance annuity you have is far more conservative, and will normally grow at a much slower rate than the same money put away under the Keogh plan in a mutual fund. You do know, don't you, that you're not confined to just one Keogh plan, and that you can switch from one investment vehicle to another Why not start up a second plan a parallel one You've got one with high security, but a low growth curve, so why not 21 14'i ommended in a report issued today by the House Small Business Committee. The report urged the establishment of an agency similar in function to the Securities and Exchange Commission that would be empowered among lit conf UA1. Inc Un Carbide Un O.I Ci Un Pac CP lniroyal Unit Aire UnitBrands USGvpsu US Steel Wirner 115 23'. 244 i'i 434 I '1 oj 24 7H Vt 31H 47.

35. V. 13. V. 1 17' 1 47 5 144 221 241 1591 scan a secona pian in a more aggressive growth-oriented fund? other things to seek injunctions West Union Weste Wool worm Xerox Zenith Red against potential manipulation.

215 47 114'. tt IN 3 21 reqvire new commodity delivery rules, and regulate trading Exchange New Goodyear Officers Goodyear Tire Rubber Co. directors yesterday elected Charles J. Pilliod Jr. chairman to suc British stockbrokers, were declared, in defavlt yesterday ihe second British brokerage collapse in four days National Distillers Chemical Corp.

said it prepaid bank loans totaling $60 million originally due between 3975-78 Otis Elevator Co. said it received a $7 million contract for a double-deck elevator system in the $128 million mid-Manhattaiu Citicorp center. 311 01 14 207 3 i 12 47 449 74 II Vj Tk Vt 11 ''4 15 Vt 24V4 V. 23'1 4 'i 1 Mi 10' Giant Yel Havd Stone Intl Food 5 Kaiser In Kalvex McCull Oil Mrloo Elec Potter Inst Resrch-Cott ScurryRailS Solitron Syntex Trans Lux Umonam Mt0 The price of copper for spot delivery rose 8 cents yesterday to a record $1.52 a pound, in London. One copper trader said the supply is the smallest since March, 1970 The Egyptian government approved two new oil prospecting conces- -sions worth $31 million to Continental Oil Co.

and Pexamin Pacific Chapman and I'owe, ceed Russell DeYoung, who reached the mandatory retirement age of 65. John H. was elected president to succeed Pilliod. In ICOs. dividend..