Daily News from New York, New York • 28

0 -co Sharp Advance PaymenU'AfcCsv Big Deficit Seen By WILLIAM BROWN The stock market ended a shortened pre-Christmas week yesterday on a mixed note as the Dow Jones index of 30 blue chips up 1.08 to 985.62 advanced for the third straight session but losing issues edged winners, 784-725, on the New York Exchange. The fact that it was "the last day to sell stocks for capital gains purposes for 1976 was termed a key factor in trading activity. Big Board volume to Janeway Says CM to r- ca 3 5 fa The hardy minority who traded it out until the close accounted for taled 24.5 million shares, very strong considering both traders and brokers For Auto Sales Detroit (UPI) Detroit automakers reported yesterday that pre-Christmas new car sales in mid-December jumped 32i over a year ago, the second best ever for the period to assure the industry its strongest sales year since pre-energy crisis 1973. The 223,556 cars sold in the Dec. 11-20 period was about 23,000 cars more than most analysts had expected and was the best year-to-year showing since the final 10-day period in June.

On a seasonally adjusted basis, the mid-December sales worked out to a 10 million annual rate highest of the year. General Motors led the way with a 41 gain based on the strong showing of its new, smaller standard-sized cars and rebate-inspired interest in its sub-compact models. Chrysler reported a 36 gain. Ford was up 20 and American Motors, still suffering from soft small car sales, was off 8. Industry exectives were pleased with the strong showing and claimed it indicated that the lull that began with the introduction of the 1977-model cars in October had ended.

Paris, (Combined Services) The U.S. current account payments surplus is expected to deteriorate in 1977 to a $3 billion deficit compared with an expected $1.3 billion deficit this year, the Organization for Economic Cooperation and Development said. In its half-year report, the OECD said it sees a gross national product advance at a seasonally adjsted real annual rate of close to 5 in the first two quarters of next year although a slowdown to 4 or less seems likely in the second half of the year, assuming nchanged policies. The OECD said these compare with GNP growth rates in the U.S. of an expected 4 in the second half of this year and 6.5 in the first half.

It said consumer prices at seasonally adjusted annal rates are expected to rise JL25 in 1977 against 5 this year and 8 in 1975 in a year on year basis. The OECD secretariat forecast that the current weakness In tne U.S. economy is no more than a pause to be succeeded by some renewal of expansion. The OECD believes that the industrialized nations will escape recession in 1977 but inflation will ease only slightly and unemployment will increase. The OECD issued an optimistic report in July but in October the slowdown of economic recovery brought gloomy unconfirmed reports that the OECD in December would forecast a recession for 1977.

were facing a three-day shutdown and many headed home early. Standard Poor's 400-stock 'ist rose 0.19 to 116.58 while sharp movement in individual issues seemed to be triggered by corporate developments. United Technologies beat out Boeing Aircraft for a $3.3 billion Army helicopter contract and the former rose 1 to 38, while the latter dropped 1 to 44. TWA was the subject of a bearish assessment in a financial daily and the airliner's shares fell VA to 11. Railroad issues as a group were depressed in the wake of adverse comment from analysts regarding the future performance of the stocks.

Among the downside movers, Burlington North- nearly 25 million shares, the equivalent of 30 million shares with all hands on deck. The market-makers took their cue from the volume figures, and in the last 10 minutes marked up prices of the stocks they're accumulating. The Dow Industrial Average is heavily weighted by duPont which fell 2Vz points. This depressed the Dow Average by more than 1 1-2 points, so that ex-duPont it really finished up closer to $3. The drop in the utility average was distorted by year-end switching for show-case purposes.

era plunged 2 to 44, Seaboard Coast 1 to 32 and Norfo'k Western Vi to 31. Technicare climbed 2 to 37. The company said December quarter net should increase significantly. Western Union, which received a $796 million space communications contract, rose to 19. Sony Corp.

was the busiest issue on the list, easing to 9. The Japanese firm reported higher profits and forecast future improvement. Prices ended narrowly higher on the American Exchange. Kirby Exploration dropped 2 to 16 after announcing plans to plug and abandon a well in Ok'ahoma. Senate Unit Urges Money Growth Washington (Reuterj The Senate Banking Commtitee urged the Federal Reserve Board to adopt a slightly more expansive monetary policy to help spur economic growth.

The Committee's Democratic majority endorsed recommendations of some private economists that the Federal Reserve raise the upper limit of its growth target for the money supply currency in circulation and demand deposits in commercial banks to 8. The Fed recently reduced the upper limit to 6Yz from 7- The majority criticized Fed chairman Arthur Burns for arguing against an upwird revision in the long range target on the grounds that it would create renewed expectations of inflation and thereby push interest rates up. Retail Sales Edge Up Washington (Reuters) U.S. retail sales rose by only 0.3 to a seasonally adjusted 812.78 billion in the week ended Dec. 18 from $12.75 billion the previous week- MAKE YOUR MONEY WORK 1000 I I DOW JONES MARKET PROFILE DOW JONE5 AVERAGES 875 Yester- Day's Year's Year's day Change High Low 985.62 1.08 1,014.79 858.71 231.87 3.86 235.73 1 75.69 104.39 0.54 105.8 84.52 318.14 1.41 319.55 244.50 30 Industrials-20 TransportS-IS Utilities 65 Stocks to H950 NYSE Comp.

54.49 0.05 57.51 48.04 AM EX Indc 105.90 0.64 107.05 84.31 O-T-C Comp. 95.22 0.04 95.22 78.06 MOST ACTIVE STOCKS NEW YORK EXCHANGE VOLUME I H9251 Close i I I Sony Southern Co. iSZ-ffi (in Minions) Coca-Cole NY TWA Northeast Utll Occidental Pete 24to Unch. General Elec ATT (PT Bf Amer Tel Tel Exxon -IMS- I Deere By DON G. CAMPBELL QMy husband and I have a combined income of $25,000 per year and we are both 24.

We each owe for federrlly insured school loans, with payments beginning in February 1977. We have no children and have $9,000 in savings. Can we afford a $40,000 house? How should we prepare for retirement? Our jobs do not offer retirement programs. You've done pretty well In the saving department for a couple so young' and so recently out of school. Obviously, though, when you start talking about retirement at the age of 24 you're looking down an extremely long (41-year) tunneL How do you know youH always be working for the same employer who provides retirement program Ah, well.

On the basis of your present combined income, you could, of course, afford a home assuming a $6,000 down payment (youll want to hold back about $3,000 of your saving as a cushion). With a $34,000 mortgage, we're talking about payments for principal ana interest of about $227 a month (assuming a 9 rate and a 30-year mortgage). Insurance and maintenance costs would still keep such a hotse we" within the ballpark for you. But what about the possibility of children and your reversion to a one-income status The lender, under recent legislation, can't legally refuse you a mortgage on the grounds that the wife is in her childbaaring years, but you, most certainly, must keep this in mind. Could you afford $274 month-plus on the husband's salary alone YouT.

either have to keep this very much in mind in making your decision, or, by the same token, decide right now that you won't have a child until circumstancesprincipally the husband's earning capacity permit a one-income -status, at least temporarily. As I said, you can't automatically assume that both of you wit- always be working for an employer who doesn't provide a pension plan, but since that's the situation now, you're wise to take the position that this may always be the case and act accordingly. So, by all means, set up an Individual Retirement Account for each of you. Both the annual contribution and subsequent reinvested dividends, capital gains and-or interest are tax-free until, at retirement, you begin drawing on them. I'd suggest, at your age, a good, no-load, growth-oriented mutual fund.

Don't, of course, let it go at that save and invest as much, over and above your IRAs. as possible. Eastman Kodak 41 2 I sf Ul5 Tandy Sales 717,000 489.600 384,000 239,200 204,300 192,600 174,000 166.300 158.800 149,409 145.900 145.000 142.800 140,800 140.000 116.800 116,600 81,500 59,500 55,000 138,100 137,800 126.400 114,900 113x100 22? I I Pacific Gas Xerox AMERICAN EXCHANGE EXCHANOB I 19 20 3 10 t7 I 3 to 1 I Atlas Cons Mln Gr Basin Per Intl Banknote 2to to raovemoer December 43 1 Mi Houston Oil Syntex 2VM to ISSUES TRADED OVER-THE-COUNTER Total Gained Lost Hois Lows 1.950 725 784 104 2 Gel co Anneuser Busch Amer Express Sunlight Oil Orion Capital 6' 20' 39' 3A to 1V to to 1,929 979 499 121 N.Y. Yesterday Wednesday- Amex Yesterday Wednesday. 1,037 1X161 320 399 26 32 335 285 STOCK AND BOND SALES NYSE ODD-LOT TRADING N.Y.

Exchange Stocks Yesterday Wednesday 24,560,000 26.970,000 3,070.000 3.172,000 Amex stocks Bought Sold Short Total Sold 161 .479 1,926 440,255 149,693 1.764 411,261 Dec. 22 Dec. 21 N.Y. Exchange Bonds 521,500.000 NASDAQ Stocks 8.684.100 9,180400 LONDON GOLD Yesterday Wednesday Closing, Ask 1132 JS 133.00 $133.25134.00 U.S. TREASURY FIGURES Cash Balance $10,902,000,000 Internal Revenue $1,824,000,000 $tk.

Oiv. -Sales LastCh'ae Stk. Div. -Sales Last Ch'ge. Stk.

Oiv. -Sales Last Cti'ge. Itek Corprtn 53 SELECTED STOCKS I Dmbor 23. 1976 NEW YORK STOCK EXCHANGE Owenlll 1.88 Z25200 55 to Texgulf 1.20 184 28 to TexTnst 1.32 PaineW -30d 114 8 to 4to to 516 97VS 76 26'A to 323 Textron 1.20 Transam .66 41 14 Stx. Oiv.

Sales Last Ck'te. 252 51 'A 172 33to to 188 77 to St. Div. -Sales Li AJrcoln 1.15 17 Trans Air 2392 11 lto TriCon 1.56d 303 21 to Stk. Oiv.

-Sales Last Cft'ge. Utd Brands 157 8 US Ov 1.60 163 25'A USSteel 2.20 1338 50'A UtdTec 1.20 825 38 1' WamCm .60 111 26'A to Warn Lam 1 ,818 28''. WUnion 1.40 437 19 to Westh El .97 1214 16 to Woolwh 1.20 352 24' to Xerox 1.20 1400 55 ZenithRad 1 326 26 Ale an Al 242 26 to UALInc UnCarb 2.50 UnOCal 2.10 Un Pac 3.40 Unlroyal .50 Itfc. Div. -Sales Last Ch'ge.

OowChem 1 1175 42to DuPont 5'4d 225 1361 2to Eastern Air 1015 87 to EastK 1.60a 1450 83 to ElPasC 1.10 362 14? to Esmark 1.76 69 32to Exxon 1.40d 1494 51 to FairCam .80 181 41 to Fairclnd .30 22 9' FdNtlMt .88 381 16to FedDSt 1.46 463 48'A Firstne 1.10 262 23A to FlaPCp 2.28 109 32 to FMC 1 300 23'A FordMo 3.20 674 60' ForMcKes 1 127 15V4 to Gen Dynam 110 51 to to Gn Elec 1.80 1740 53 GnFood 1.50 323 31' to 438 61to 326 58'. to 115100'A 386 to 137 8' 531 538 386 164 344 175 256 422 903 Alexan AllidCh I SO Alcoa 1.40 AmrdM 60q Am Alrttnes A Brand 2.80 AmBrocst 1 AmCan 2.40 AmCyan lto AEIPwr 3.06 Am Home I Am Motors AMERICAN EXCHANGE Brls My 1.80 BrUnGs 1.72 Brunswfc JO Bunk Ramo Burllnd 1.40 Burrgns. .68 CanPac CarrierC .64 CatplTr 1.50 CBS 2 Celans 2.80 Champlntl 1 Chartr NY 2 ChaseM 2.29 ChmNY 2.88 ChesPnd .76 8nessi 2-32 hock Full Chryslr JOd CIT Fin 2,40 Pan Am Air Penney 1.28 Pennzol 1.40 PepsiCo 2 Pfizer In .88 Phil Mo 1.30 Phi I Pet 1.80 Polaroid .50 ProcGa 2.20 PSE8.G 1.80 Raytnn 1.20 RCA Corp 1 Rep Stl 1.60 Revlon .90 Rev Ind 3.28 ReynMt 1.20 Rockwllln 2 RovID 3.58d SafwStr 2.20 SfRegis 1.64 SanFe Ind 2 ScheringP 1 Senium 1.20 SCM CP .80 ScottPap .76 SodCoastL 2 Sears 1.60a ShellOitCo 3 Sinoer 357 65 51 412 15? t. 147 to 59 28'4 to 299 89 4 79 15 to 184 19to 556 55 to 408 57' to 64 48H to 306 26Vfc 4 45 26 249 28 4 146 4OV4 to 211 24' 4 166 40't 95 36 to 743 19 to 81 38to to 929 31 '4 to 148 58' 246 12 to 474 27' A to 510 60' to 243 63 279 37 252 91 to 285 22to 294 61 1 838 26' 242 32 to 352 40 324 65 to 208 38'A 193 30 338 51' to 90 48 to 198 37 to 176 38 to 571 43'Al 356 93'A to 313 22' 317 20' to 463 32 1 579 68' 113 78' 146 17 to 3'4 155 19 to 2 80 1588 26 4' to 43 6 to 587 43to to 2 lto 216 14' to 271 3to 97 181 i4 AMF In 1.34 454 15'i to 12V4 33 to 73toI'4 26 to 46 40to to 12 to 12V4 to 5 Mi 32' to 14 to 8 to 33 to 18' 12to to 33' to 12 38' to 57' 9 to 38' A 23' to-67' to 25' to 15 to 56' to 62' 86 to S6'4 to 54 to 49 to 13' 7AVt 16 35 'A to 14 to 31'. Ito 29 to 44'4 to 19 to 41 1 63 Vj- 105 192 Frontier Air GiantYl HoustnO .80 Int Foodsvc Kaiserln .26 McCullch Ol RescCott .08 Robintech Scurry Rain SoMtron Dev Svntex JOg Trans Lux 316 422 483 290 489 1189 90 180 249 41 191 200 257 415 291 217 151 195 150 177 X398 110 559 447 64 460 510 612 258 116 75 33 240 73 639 384 322 91 135 316 1926 T38 153 IU intl .90 JormMv 1.40 1 Kencott Kraft 2.12 Kresge .32 LaneBry .80 Lehmn Levitz Furn LiggGrp 2to Litton Corp Lockheed LoewCp 1.20 LonsILt 1 56 LTV Corp MCV 1.30 Mad Fd Man Hn 1.92 MarthnOII 2 MarMidl .80 MCA Inc lg McOonD .44 Merck lto MerrilLy .80 le 1.45 Mobil 3.80 Monsan 2.80 MorganJP 2 Motorola .84 Nabisco 2.40 NatAirln JSO NtiDisfl 1.40 Ntl Gyp 1.05 NCR Cp .72 NlagMo 1.24 NorfkW 1.76 NwstAirl .45 Nwst In 2.25 NortnSi CVcidnPet 1 Olin Cp lto OwenCrFb 1 1219 77to to 531 31 155 25 to 632 38' to uswto to 514 25'A 10 89 7 99 29 106 43 21 30 72 374 24 15 X113 25 3' to VI 2'A to 10 to to 14to to llto 9 to 13 39 76 3 1 7 107 to 9s to Acton Corpn Allegh Airls Am Isral 15i Asamera .25 Austral Oil Brascan lg Brewer BrForB .603 CdnSuP Oil Carntn 1.40a Champ Hm Dixllyn EDOCp JOd 23 14' otCarge 30' 227 7'.

383 S5l 28' to 13' 43' to 38 38 '4 to 27'4 'A 244 30 4 64 to 21 23 3 to 30' to 27 If to 58'4 12 to 47H to 9 29 'A 35 14 37'A 28 27 32' 18 1 4 1- to 40 to 187 to 44 14k 3'" 5 1 16'A Citicorp .96 26 Z'A Anacnoa AO Arten RttDv ArmcoS I. SO ArmsCork I Asarco .80 Atlftich 1.60 Avco Corp Avon Prod 2 Bacne Bankam .80 Cit Serv 2.80 548 217. 14 31 3 154 27to to 409 23 to-176 27? to .66 City Inv Cluett .40 105 4 2.65 cocacol 9' 26' 351 601 17to 12to to 15' to Cokiate .88 166 225 SouthCo 1.46 4896 16 to In lOOs.x-lx-dlvldend instr 2 GnMot 5-J5d ST 2 Tire 1.109 Ga Pac GettyO 2Vad Gillette 1.S0 Goodrk 1.12 Goodyr 1.10 GraceW 1.70 Grand Un 1 Great A4P Gryhd 1.04a 8rummn .80 ulfOil 1.80 .60 Homstak la Honywl 1.60 HowardJ .32 Hutton .60 IncoLt 1.40a IBM Corp 9 InlHarv 1.85 Intl Paper 2 IntTSiT 1.76 Bnk NY 2-20 Col Gas 2.14 87 28v to 88 48' 23 17'4 I BankTrust 3 oor-acn 4.Z4 jar 3S to Comb Eng 2 112 229 248 643 170 404 133 353 67 94 103 520 474 77 108 81 619 216 241 319 107 BauschLm 1 Beat Fds .84 BeclonO Bell Mwt .84 Bendix Cp 2 Bern Steel 2 Biack 4 5 .40 BoetrnCe la BoiseCas .80 Boroen 1.40 1213 28 527 17 to 143 36 to 260 46A to 230 12 to 115 17 to 170 31 to 603 271! 266 317 to 475 67 to 487 33 So Rand .92 Squibb .96 StdOCal 2.20 StOIInd 2.30 StOilOh 1.36 ttauffer 1.44 terlDit .70 Stevens 1.20 Telepromp Teneco 1.88 Texaco 2 607 42' 488 28'A 741 39' i to 362 56' 55 78' 484 48 467 15 130 19 to 209 7 1 396 36 1080 27 DIVIDENDS: Are annual unless otherwise identified: (a) plus extra; (b) paid last year; (c) payment on accumulated dividends; (d) paid so far this year, no regular rate; (e) cash plus stock paid in 1976; (f) cash plus stock paid in 1975; (g) annual rate plus stock dividend; (h) paid this year-latest dividend omitted; (i) per cent in stock paid in 1976; (k) per cent in stock paid in 1975; (q) in banruptcy-receivership or (s) capital distribution; (x) ex-dividend; (wil when issued; (wt) warrants; (z) aH sales in full. 103 31to to 318 20 to 428 37 Ml 354 25' 77 70' 176 48'4 to 129 17' 46 15to 'A 72 371 to 20 44 364 48' tomm sat 1 ConsEd 1.60 ContlOil 1.20 Contrl Data CornG 1.52a IPC Int 2.30 .60 DeanW Oeiir .70 Oeltona Cp Disney .129.