The Kansas City Star from Kansas City, Missouri • 18

is the Kansas city sta Thur im Marcor Tender Just Personal Market Gets an A-Plus OUTLOOK Business the Economy An Analysis Marion Laboratories Inc announced the appointment of James McGraw as president of the pharmaceutical division He also will be vice-president of the parent corporation and will be nominated to its board of directors McG-raw will report to FW Lyons executive vice-president He comes here from Mendhem He was formerly associated with Warner Lambert and Dorsey Laboratories Wholesale Company has announced the promo-tion of Vernon Lewis from controller-treasurer to vice-president and treasurer Prior to coming to four years ago Lewis was assistant to the controller at Katz Drug Co Lawrence Rhea has joined Insurance Consultants Inc as vice-president and senior account executive with Marsh and MacLennan Insurance Company Using his professional pseudonym of Larry Ray he was known as a radio and television sportscaster Don Wooddy has been named executive rice-president of He was previously vice-president and marketing director of Coca Cola Bottling Company in New York Some of those who purchased shares specifically to tender them profited some broke even and strange as It may seem some lost money This is what happened During the tender period Marcor common sold at prices between 25 and 27 Suppose then that an individual bought 100 at 26 and then tendered them to Mobil His cost: $2600 Mobil would pay $35 a share for 52 of the tendered shares or $1820 The tenderer now would have 48 shares left If sold at price of 19 these would have bought him $912 His total proceeds: $2732 less commissions of $50 on the way in and $25 on the way out plus $5 in transfer fees Profit: Little Thus simple arithmetic 6hows the free market at its most efficient Had the speculator been fortunate enough to buy his 100 shares at 25 he would have By Robert Metz New York -The MobU Oil move to acquire control of Mar cor Inc shows that the market mechanism can be quite efficient in its evaluations It did not seem so in the beginning When Mobil made Its $800-millian bid for the Chicago-based holding company (which owns the Montgomery Ward retailing chain with some 600 automobile service centers as well a Container Corporation America) $35 for each Mar-cor common share seemed a generous premium The shares had previously traded at 24y And preferred had commanded $48 a share compared with the Mobil offer of $70 a share While oil industry officials complained privately that Mobil was drawing down nearly a billion dollars of potential oil exploration money at a time of critical energy shortages Marcor shareholders made $100 If he paid 27 he lost $100 Those who owned Marcor shares before the Mobil offer and tendered them did better of course especially if they had bought them at prices well below the tendering price As it turns out then the play in the Marcor tender was on the short side if the speculator was quick enough to get in before all the shares were tied up Some days ago the New York Stock Exchange sent a reminder to brokers that they must not accept short sales of Marcor until they were sure they could" borrow the shares to be sold short for the customer There were few shares about But assuming the speculator was quick enough to sell short say that he sold his 100 shares at 26 If he covered today at 18 he made $800 less commissions of about $100 1974 New York Timas News Service Strictly Business rushed to tender their happy for an apparently certain profit In a market that bad riddled most investor portfolios for losses When Mobil announced Monday that it was taking up about 52 per cent of the tendered shares on a pro rata basis it was clear the offer bad been successful beyond anticipation This suggested that the bulk of the floating supply had been tendered since 52 per cent of those presented when added to shares Mobil already had or was acquiring directly from Marcor accounted for 54 per cent of Marcor stock goal in making the tender offer How did an individual who tendered his shares fare? LEWIS RHEA WOODDY Papers' Ad Space Grows Waddell Reed Inc has announced the election of Robert Marchesi as a vice-president Marchesi is the director of economic portfolio and technical research John Lothschuetz has been elected vice-president and Washington counsel of United Telecommunications Inc Richard Croker was appointed vice-president and associate general counsel Lothschuetz joined United of Ohio as secretary and general counsel in 1969 and was elected vice-president in 1971 Croker has been in charge of United Washington office since 1971 Jack Stone has been promoted to assistant vice-president of ISC Financial House consumer finance subsidiary of ISC Industries He will oversee branch operations in the Kansas City metropolitan area Midwest Research Institute has announced the promotions of Dr Ivan Smith to senior advisor for environmental science Dr Chatten Cowherd to principal chemical engineer Dr Ben liu to principal economist and Loren Moseley to principal environmentalist Butler Manufacturing Company announced the election of Charles Gardner as vice-president of operations for the agri-products division Gardner joined Butler in 1950 has named Joseph Montaleone manager of the new East Independence Mall store Mrs Diana Scherer was named manager of the Plaza store and Larry Washa is the new manager at Indian Springs Keith Wallace was elected vice-president of United Missouri Bank South Wallace joined the bank in 1972 and is manager of the installment loan department of the major advertising agencies will use television for image ads for their clients and newspapers for the Morton said The McCann-Erickson report said newspaper ad share of total advertising has grown at the rate of one-tenth of 1 per cent for the last three years to 302 per cent of total in 1973 from 299 per cent in 1971 Most of this growth has come from magazines whose share of total dollars has shrunk sharply to 58 per cent last year from 66 per cent in 1971 the report says no magazine around now that can draw the audience of a Look or Morton said share of total ad dollars has also declined to 67 per cent from 7 per cent in 1971 some of which has gone to newspapers on a local level Direct mail advertising has continues steadily at 147 per cent of total ad dollars though a decline in direct mail is expected when higher postal rates go into effect will probably pick up some of Morton said New York Newspapers increased their already-dominant share of the total axivertising dollars 1973 and the energy changed some newspaper advertising patterns two studies show A breakdown of money spent last year on advertising compiled by McCann-Erick-son a new York advertising agency said newspapers obtained $76 billion or 302 per cent of the total advertising revenues of $251 billion Television received $45 hillion in ad revenues radio took $17 billion and $14 billion went to magazines the agencys report said Newspapers also took the larger part of advertising dollar growth gaining $587 million That compared with an increase of $402 million by television $78 million for radio and $8 million more for magazines according to the report Yet newspaper advertisers last year changed substantially a report on the newspaper industry by Delafield-Childs Inc a Maryland-based stock brokerage firm says Newspaper advertising revenues were boosted last year by more ads from transportation and oil companies plus hikes in ad rates These helped offset sharp declines in resort and travel advertising and in classified help-wanted ads the Delafield-Childs report said benefited from the rise of explanatory advertising in 1973 For instance the oil companies which usually do not advertise in newspapers spent a lot of money explaining their side of the gasoline shortage last said John Morton one of the authors of the Delafield-Childs report for planes trains and other transportation were published more regularly in newspapers and newspaper ad rates rose sharply in the order of 8 to 10 per cent on Morton said increases helped make up for losses in travel and resort ads and in classified help-wanted ads which fall every time unemployment he said Both Delafield-Childs and McCann-Erickson noted a general trend in marketing toward local advertising which benefited newspapers Inflation-Sharing Idea Could Be Morale Booster By A Livingston a morale thing You don't believe it will have any real economic impact do you? Besides do That was the not-for-attributioo response of the chief executive of a nationwide financial institution when I broached the idea of inflation-sharing: Let those at the top feel it as well as those at the bottom This was my argument: Business executives are well insulated against rising prices Officials in the executive suites of General Motors Ford First National City Bank IBM and so on feel called on to caution their cooks: lees sugar the price is too And if a special tax is imposed on gasoline they won't Insist that tbeir chauffeurs go slow on mileage Nor will they have to change their tailors because the cost of the and has advanced Furthermore unlike workers top executives are not likely to be laid off during a recession by the sweep of circumstances beyond their control In short they and their families are above the battle that workers' families wage each week against the stealth of living standards at the supermarket and department store This was my suggestion: Let executives whose incomes exceed $100000 a year take a voluntary cut in pay until in fiat inn subsides Additionally during this period let corporate profit-sharing and performance bonus plans be suspended Most executives I suspect will brush this Idea aside arguing that it would disrupt established salary scales If executives of Corporation A cut their salaries Corporation would then come along and bid away some of the men at the top To me rationale not reason When executives reach the $50000 and $100000 level they change jobs for opportunity rather than money It would take a major difference in pay close to 50 per cent to cause a person near the top to switch And then the large pay differential would equate to a large opportunity differential The type of voluntary pay adjustment talking 10 to 15 per wouldn't do violence to the salary pecking order I've tried out the idea on businessmen and bankers It hasn't been embraced And an understatement But it rejected as utter nonsense in every instance The head of a multinational enterprise said he has been considering proposing the cancellation or deferment of performance bonuses However since no decision has been reached he hesitates to say anything about it for publication Edward Cushman executive vice-president at Wayne State University and a professor of political science thinks the idea has merit He's a former vice-president of American Motors Corp and is still a director He said to me: we are to combat inflation the American people have to feel that the burdens are shared with some degree of equality In this businessmen should assume both leadership and responsibility sure if you propose that executives earning $100000 or more a year voluntarily reduce their salaries and that profit-sharing and bonus plans be suspended be described as an impractical idealist Some might even call you a subversive If you're willing to take that risk encourage you to make the The economic consequences of voluntary cuts at the top will be limited They would not add to incomes Nor would they enable corporations to lower prices The amounts won't be significantly large but the action would be symbolically significant By voluntarily reducing their income standards executives will indicate tangibly in dollars and cents that they are not indifferent to the forced lowering of living standards of others There's only one way to combat inflation That's through greater output per worker necessary to have goods chasing dollars instead of dollars chasing goods Then prices would come down If workers could feel that the ravages of inflation were being shared more equitably they might be more receptive less derisive pleas for greater productivity They might be persuaded that the more they produce for each dollar of pay the better off they and everyone else would be in the long run In short inflation-sharing is a No argument about that The rational the complex of jobs and opportunities for all of is really a national lottery Everybody can't win And the grim irony is that during recessions hardship trickles down more rapidly and widely than up It could serve a purpose for those who are buttressed against misfortune to indicate tangibly their concern for those who are hard put to defend against it Stocks Sink Again ever admit your age we could collect your social security KC POTATOES Carlot arrivals of potatoes In Kansas Citv totaled 0 diverted 2 unloaded 0 on track 0 total US shipments 31 Washington nogold russets US 1 100 lb sacks size A $785 10-oz minimum 50 lb cartons 80-100 count $1260-51265 mesh sacks non size A 10 lb $735 5 lb $835 russets Burbanks 100 lb sacks 1 size A $805 US 2 8-0z minimum $555 Minnesota round reds 100 lb seeks US 1 Size A $475 Commodities GRAIN OPEN INTEREST Voluma of trading and open interest in grain futures in Kansas City yes- Wheat September December March May July Total Early New York Stock Exchange Prices By the Associated Press (Complete Closing List will appear in Later Editions) Sales Net P-E hds High Low Last Chg Sales P-E hds High Low Sales Net Seles Net P-E HDS High Low Last Chg Net Last Chg F-E hds High Low Last Chg Mixed Grain Holding Kansas City wheat futures prices held slightly higher today at mid-session On the Chicago Board of Trade soybean soybean meal and oil futures came under selling pressure Selling in the soybean complex tended to influence liquidation in grain Mures Soybean futures early this week fell the limit along with oil futures but the complex recovered Wednesday with a 20 cent limit advance The three commodities were actively sold on the openings as buyers backed away There were flurries of support but never of any lasting nature Some weakness in the EthvICp 120 EvansPd 60 Exxon 470e 4 4 217 214 3 293 3' 3' 5 83 68 67V 677 Minn PL 146 MobilOl 320 Mohas 120 Monsan 240 MonDU 208 MonPw 180 MorNor 88 Motorola 50 MtPuelSu 2 MtStTel 152 Cattle rend Still Low Cattle receipts totaled 2500 opening trade $250 to $500 lower than last Thursday feeder and feeder steer calves high good and mostly choice 410-650 lbs Holsteins standard and good 785-1013 lbs feeder bulls choice 285-460 lbs feeder heifers and heifer calves choice 300-386 lbs $3390 high good and choice 400-675 lbs $2830 good and low choice 400-700 lbs Hog receipts totaled 2000 with barrows and gilts moderately active mostly steady US 1-2 210-230 lbs US 1-3 200250 lbs $3750- $3775 US 2-3 250-275 lbs US 3-4 300 lbs $36 sows uneven moderately active under 400 lbs steady to weak with instances of 50 cent lower over 400 unevenly steady to 50 cents higher mostly 25 cents higher US- 1-3 310-360 lbs 360-400 lbs US 2-3 400-600 lbs boars 200-2 4 0 lbs $29 over 240 lbs $2450 Sheep 50 spring slaughter lamibs and slaughter ewes steady spring 1 a lambs choice and prime 80-105 lbs Abbt Lb 132 ACE In 260 Ad Miilis 20 AetnaLf 108 Air Prd 20b Aircolnc 80 AlcanAl 120 AllegCe 46e AligLud 140 AllgPw 152 AlldCh 150 AlldStr 150 AllisChal 26 Alcoa 134 Amax 165 A Hess 30b Am Airlin A Bmps 256 Am Can 220 A Cyan 150 AmEIPw 2 A Home 80 AmHoso 30 AmMot 20e ANatGs 2 54 A Smelt 150 AmStand 80 wt 3 40 AMF In 1 24 AMP Inc 33 22 40 28 Amoex Core 3 40 3 3 Texaco 2 TexETr 170 Texsglf 120 Tex Inst 1 TexPLd 55e Textron 110 Thiokol 70 Thrift Dg 40 TimeMir 40 Timkn 180a Trans Air Transam 59 TriCon 279e TRW In 112 TwenCen 20 UALInc -37a UMC Ind 1 UnCarb 220 Un Elec 128 UnOCal 198 UPacCo 240 Uniroval 70 UnitAireft 2 Unit Brands UnitCp 75e UnMM 1 40 USGvps 160 US Ind 72 US Stl 240 UniTel 108 UOP 70 Upjohn 96 UV Ind 1 Varian 20 VendoCo 40 Vetco Offsh VaEPw 118 Wachova 76 WarnL 84 WasWP 148 WnAirL 40b WnBnc 140 WUnion 140 WestgEI 97 Weverhr 80 Whet Fry 40 Whirlpol 80 WhiteM 30e Whittaker WmsCos 60 WinnDx 132 10 20 Winnebago 119 Wolwth 120 4 35 7 142 3 31 11 39 10 51 wheat production this year but the trade after the opening was rather light There was some commercial selling however which appeared to dominate activity Corn and oats prices contin- 17 IV 17 21V 19V 17 18 IV 17' 2144 19V 174 78 24 7 19 8 10 19 12 48 30 23 4 18 3 11 11 58 17 1 '4 44 19 174 167 IV 4 '4 14' 284 4 23 '4 214 4 4 7V pits was rather brisk Some 16V 79V 78V 14 IV 4' 4 24V 244 16 154 15'4 14V 144 28V 28' 15 144 23 23 7' 7 124 12 2144 214 14 134 244 24 NatAirl 50 Nat Can 45 NatDistill 1 Nat Fuel 190 NatGyp 105 Natlnd 15 Nat Semicn Nt Steel 250 Nat Tea Natomas 1b NCR Cp 72 NevFw 140 NEngEI 1 78 Newmt 160 NiaMP 118 NL Ind 1 NorflkWn 5 Norris 112 NoAPhl 120 NNGas 310 NoStFNy 184 Northro 160 NwstAirl 45 NwtBnc 1 60 Norton 160 NorSim 30 Oecid Pet OhioEd 1 66 OklaGE 1 36 OlinCo 110 Omark 36 OtisElv 220 OutMar 120 OwenCn 88 Owen I II 160 PacGas 188 PacLtg 168 Pac Petri 75 PacPw 160 PacTT 120 PanAm Air PanhEP 2 Pasco Inc Penn Cent PennDix 24 Penney 116 PaPwLt 1 80 Pennzoil 1b PepsiCo 140 FHizer 76 PheloD 220 PbiiaEI 164 PhilipMo 80 PhillPet 140 PitnevB 60 Polaroid 32 PortGE 152 PFGlnd 1 70 Proct 1 80 PSvCol 1 20 PSvEG 172 Publekr 19t Fueblol 30a PugSPL 1 98 Pullmn 150 PuritFsh 28 QuakStO 64 Ralston 80 12 Ranco In 92 4 Rapid Am 1 Ravthen 80 RCA 1 RdgBate 30 teic 3 8 6 8 5 ReichCh 60 13 10 2 13' 10' 2' 13 2' Hallibtn 120 Harris 120 HeclaM 50t Hercules 80 Heublein 1 HewitPk 20 25 121 19 32 5 3 14 43 12 195 9 27 116' 1147 116' 14 154 154 154 18' 1744 184 4 30'6 30 30 2244 224 70 70 27V 3 77 11 11 Z-XeroxCp 1 20 79 81 81 81' ZaleCorp 76 5 10 11' 11 11' ZenithR 152 7 18 16 16' Copyrighted by The Associated Press 1974 New York (AP) The stock market faltered again today continuing its se-ere slide of the past three weeks The noon Dow Jones average of 30 industrials was down 4 53 at 662 08 and losers predominated over gainers by 5-to-2 in light trading on the New York Stock Exchange Analysts said frustration over inflation and concern about prospects for the econ omy in general continued to grip the market leaving investors with little expectation of any significant technical rebound before the approaching three-day Labor Day weekend On the American Stock Exchange the market-value index was down 09 at 6981 The composite index of all its listed common stocks was down 14 at 3692 little effect on futures At about noon Kansas City Z5 Zsv 25v wheat futures were up 2 to 4 cents with September $432 December $449 March $462 Chicago wheat was unchanged to 3 cents higher with September $433 December $4-46 March $437 May $453 and July $433 Corn futures were 3 cents 8 lower to 1 cent up witj tember $353 December $3-" 47 March $353 May $358 26 8 S' 27 15 269 5' 12 15 12- 15 TALK BUSINESS and swim golf fish eat relax ski enjoy indoor-outdoor swimming and just kind of mix lot of pleasure in with your meeting Call about our special rates for groups from 12 to 200 Coll Mr Schneider at 314-365-2334 collect 27V 7' American Exchange 7 3 3 9 5 8 2 374 367 2 244 244 12' 12' 67 644 117 1144 47' 4644 3144 314 1744 11V 164 16 404 6V 9 2144 84 174 30 4 774 Ancon 82e Aoeco Corp ArchDan 25 Armco 1 60 ArmstCk 92 AshdO'l 1 40 140 AtIRich 250 Atlas Corp Avco Corp Avnetlnc 30 A von Pd 1 8 BaPekW 80 BalGE 196 BauschL 60 BeatFds 65 Beckmn 50 BeecAir 60 Bell How 84 Bendtjt 190 BenflCo 1 25 BengtB 07e BethStl 2 BloekHR 40 Boeing 60 BoiseCas 50 Borden 130 BorWar 1 35 BrisIM 1 52 BrilPet 37e Brunswk 32 BucvErie 1 BuddCo 80 8ulovaW 70 BunkrRa 40 Burllnd 160 8urlNor 1 70 Burrghs 50 Cal Finanl CampRL 50 CamoS 118 CaroPw 160 CarrCP 52 CastleC 60b CaterTr 1 60 CBS 1 46 Celanse 2 80 Cencolnc 20 CenSoW 112 CerroCp 1 Cert teed 60 Cessna 90 Champ I nt 1 Chessie 360 ChiPneuT 2 Chris Craft Chryslr 1 40 CIT Pin 2 20 Citicorp 80 CitiesSv 2 40 ClarkE 1 60 CIvEtlll 2 40 I CoeaCol 213 1 67 ColgPal 59 14 47 CoiGas 198 6 10 ComlSol 1 20 ComwE 2 30 Comsat 1 ConEd 45p ConFds 1 35 ConNGs 2 10 ConsuPow 2 7 6 15 11 77 9 47 5 145 6 6 201 3 132 7 4 12 56 2 26 4 22 11 14 3 4 7 5 15 5 IS 24 62 4 26 42 10 5 19 5 28 7 36 12 83 9 39 5 16 8 17 8 410 3 2 7 147 5 5 4 113 5 16 6 3 15 8 128 6 14 11 203 6 33 6 4 6 49 I 18 7 63 6 8 3 107 5 70 6 5 6 266 Aegis Corp 4 A Petrf 150 5 Asamera 7 BanstrCtl Lt 16 Barnes Eng 7 Brascn A lb 3 Brewer 40 6 Pinto Output Pared A 'COMPLETE ONTHE LAKE 16 110 191 190 191 5 22 20 20' 20 JS 80 40 40 40 las Oil 8 18 16 16 Cam Ch 25e Certrcn Cp Cinerama CreoleP 260 Data Contrl DillardSt 40 Dixilyn Cor Dynlctn 05a Essex Chem 67 11 $741 November $738: January $744 March $749 May $752 and July $755 1 18- 14 147 7 48 9 196 4 162 3 7 8 4 16 10 26 257 40 39V 177 14 14 147 6 6 ilver IBM 6 I nt Her 150a IntMinl 128 IntNick 140 IntPaoer 2 IntTT 152 laBeef 2 07t Iowa PS 152 Itek Corp JhnMan 120 JohnsJn 80 Jon Log 80 JonLau 160 Jostens 90 JovMfg 150 29' 29 4 44 13 13 15 7 13' 13 13 40 40 nr Latest Prices 5 21 29 141 7 23 5 134 5 1 9 36 Equity Plan production change affect output of the Mustang which also is built at San Jose A Ford spokesmen said the decrease is being made demand for the Pinto in the area that the plant serves is not a6 great as it Pinto production in the St Thomas Canada and Metu-chen NJ plants will not be affected by the change be said 29 25 39 26 22 71' 20 44 13 15 7' 4 2 16 16 16 DATE 8-28-74 0UAM1TTY iOM oz ioo ql 50 Oz 25 Or lOOz lOt 16 157 16 81 81' 81 5' 5 23 23 23 11 11 27 267 27 16 16 13' 13' 15 15 3 3' 10 10 10' 10 27 27 50 50' 23' JJ'j 28' 28 8 41 SPOT: 5427' SELL CHANGE 5427500 12500 545750 1200 523375 625 511812 312 54775 125 5528 Ilf buv 5427500 543750 522375 511312 54575 5508 4 3 26 12 128 16 141 3 20 5 5 12 5 7 40 4 23 9 20 4 124 6 18 6 21 2 4 8 3 S- 9 63 5 9 4 1 7 3 4 6 5 47 9 38 Kaiser Alu 1 KanGEI 156 KanPLt 152 Katv lnd KeyserR 60 Kellogg 60 Kenneet 260 Ki errMcGe 1 4 4 9 2 7 25 3 10 5 3 11 13 5 85 14 6 Frontier Air GResrc Ole Giant 40a GtBasin Pat HuskyO 50 ImpO A 80 a Instrum Sys InDIv A 180 Kalsrlnd20 KanebSv 60 Kin Ark Crp Latay Radio LaMaur 36 LoawThe wt LTVCorp wt Marshal Ind MichSu -10a Milgo Elect Newldrla Newpark Ra Proc 35e NorCdn Oils OKC Cp 1 OzarkA 05e Permaner Phoenix SM Rath Pack 71 2 12' 24 25V 39 25 21 70 19 18 29 7' 7 7 14' 137 17 17 17 11' 11 1 4 4 22' 22' 21 2 39 2544 21 -1 1 19 18 29 Los Angeles A judge will decide Sept 19 whether to accept a plan to settle le-? gal arguments over liquidat-2Z ing Equity Funding Life In-( suranee Company Equity Funding Life with offices in suburban Century City was seized by insurance 38' 38' 32 32 32 6 13 5 1 10 1 21 590 6 2 9 36 6 48 Survival Btg 5288(6 Sold at Spat 8W7JO 1100 toce Volue-yi ozs Silver) Swiss Francs Minimum quantity 1000 Francs Buy 533329 Sad 533321 Pnq do flf include brokgroge ommiuten which rang from 2 1 5 on amount of froniortio KimbCI 144 KnlghtN 32 Kopors 240 Krattco 192 KresoeS 22 Krooer 136 LearSieg 28 LehPCt 80 25 16' 25 16' 26 16' 7 15 3 3-16 3 1-16 3 1-16 I 2 i8 187 regulators in Illinois where it 134 rtf 114 a 9 i 3 4 4 10 10 Produce 2 3 1 1 11 35 2 Resrtslnt! A 20 4 Syntax 40 17 121 TaxasIntCo 4 28 1 Dearborn Mich API-After investing millions of dollars to increase small car production early this year Ford Motor Company is cutting back Pin to production because of dwindling demand The firm said 700 workers will be laid off indefinitely this fall at Ford's San Jose Calif plant where output of the subcompact Pinto is being reduced from 54 to 40 cars per hour Company officials said the Bill Extends OPIC Term Washington AP) President Ford signed a bill extending for three years the Overseas Private Investment Corporation (OPIC) which aids private business groups and individuals in making investments abroad It also offers protection against the political risks of such things as expropriation of properties war revolution and insurrection and contains guarantees against commercial risks of overseas investment The White House said the extension of this program no significant budgetary RepStl 160 ResrvOil 10 Revlon 120 Revlnd 268 RevnMet 1 RidderP 40 Rockwllnt 2 Rohr Ind 90 RovCCol 64 RovID 279e RvderSy 40 Sefewy 180 StJoeMin 2 StLSaF 250 StRegP 120 Samirs Asso SFelnd 180 SanFelnt 20 SehergPI 80 24 46 SCM Cp 50 3 16 SCOAInd 60 Scott Pap 68 SbdCL 115 SearleG 46 Sears 160a SbellOH 249 ShellT 104e SOerw Wm 2 SignalCo 80 Singer 260 Smithkline 2 Sony Corp SCarEG 14 SoCalE 168 SouthCo 140 SoN Res 165 Sou Pac 224 Sperry 76 SguarD 110 Sou'bb 84 StBrand 183 StdOilCal 2 StOIIInd 320 StOilOh 136 StaufCh 220 SterDrug 70 14 Stevens 120 StuWor 132 SunOII 98r Svstron Don iv m'v is 'chartered in March of last 3 14 year A scandal involving pho-i ny assets and bogus insurance 3 3r 3i had forced the parent Equity Funding Corp of America to file for reorganization with an Illinois court Under the plan other Insurance companies will receive $405 million and Equity finding bankruptcy trustee would get about $223 million 4' 10 19' 197 10 10 12 12 Cont Air Lin ConCan 160 Cont Co 2 40 ContOII 180 ContTele Control Oat Cooolnd 104 CornG 112o Cowles 15 CoxBdct 35 CPC In 186 Crown Cork CrwZell 1 A0 CurtlsW 20 Darting 40b Dart PL 166 Deere 160 Del Mnt 120 DolUAtr 60 Downy 12 Del Edn 145 DiamSh 120 Disney 12b Dverstd In WESTERN PACIFIC COIN SILVER EXCHANGE The World's largest Silver 4 Foreign currency exchange with on line computer capabilities to buy or sell any amounts of silver or Swiss Francs on world markets 14 10 197 107 TuftccCorp 21 8 UnBrand wt 31 US Filtr 20 4 15 Vlewlex 10 Vikoa Inc 6 VLN Corp 4 8 Westats Ptl 7 7 WilshrO 10a 8 45 Yates Ind 3 29 ZIHom 24 9 16 Salee figures are unofficial Unless otherwls noted rates of dividends In the foregolno table are annual disbursemsnfs based on tf last quarterly or semi-annual declaration Special or ex- 2Y A' 2'- n-H6 12 25' 7 1 7 14 1 297 35' 9 22 12 15' 25 8 D-D 5 7 14' 14 7 71 12' 6 153 297 5 9 17' 8 24 15 8 9 22 33' 2 10 55 15 10 12 24 15' 24 8' 2 6 48 5 20 66 6 6 19 11 316 9 26 6 48 12 297 17' 35 9' 33 2 10 IS 35' 10 15 17 2 59 The Missouri egg market full steady at unchanged values Demand fair to good and generally in balance with available supplies Prices Mid cent per dozen to producers on grede A yield Mils seles et 10 em today Grade A targe Grade A Medium Grade A Small Grade Large Sales to Mo Kansas and Illinois breakers Market steady to firm prices trending higher Offerings and supplies short Breaker buying interest good Nest runs moved at 1350 Mostly 1380-1410 Price Mid bv breaker dollars per case tor eggs to Oe delivered to doe lb minimum average case exchanged for 24 hr ending 11:00 em Thursday U00-12 Cloverleof Off ice Bldg 1 681! West 63rd St Shawnee Mission Kansas 66202 CALI FOR DAILY SPOT 432-3335 Phono 91 3-432-61 22 WRITE OR CALL FOR 21 13 Lockhd Aire Loews 120 LoneStind 1 LoneSG 150 LnglsLt 146 LaPeetf 15 LTV Corp LuckStr 58b LukensStl 1 LVO Corp Lvkes Yngst Macke 30 Macmill 25 Meev 110 MadFd 90 MaratO 180 Marcor 1 MertMa 1 20 MayDSt 160 Mavtg 130a McDonalds Me Don 40 MeGrwH 50 AAeedCp 80 MelvSh 46 Merck 140 MGM 175 Mkrodot 50 MidSUt 126 MinMM 125 21 124 16 17 11 20 11 16 64 8 4 3 5 "5 5 5 6 9 22 134 3 31 6 3 4 58 7 21 23 105 4 16 3 4 5 56 2 10 55 1' 10 9 57 114 113 113 6 58 14' 14' 20 20 20 as regular art Identified In the following footnote Also extra or extras Annual rate plus stock dividend Liquidating dividend Declared or paid In precedlna 12 months Declared or paid after stock dividend or split up Declared or paid this vear an accumulative fssue with dividends In arrears New issue Paid this year dividend omitted deferred or action taken at last dividend meeting no 33 33' 10' 10 10 OrPper 30 DewOl 120 ester 140 Duk Pw 1 40 JuPont 6a DuoLt 172 East Air Lin lasKod 1 56 Eaten 1 80 EcMin 28 flPMoCo 1 EitraCp 150 Inner El 70 Emerk 1 75' 7 7 17V 177 8' 8 59 59 13 7 17V 8 59 13' 9 10 58' 63 19 248 5 6 15 6 4 41 4 3 1 11 12 5V 75 24' 2174 1074 1874 25 24 5 75 24' 24' 21 74 10 10 187 11 25 25 14 24' 1 Declared or paid In months plus stock dividend stock In preceding 12 months cash value on ax-dlvldand or gxdlstrl estimated TamoeE 96 Teledvn 40t Teleprmpt Telex Cp Tenneo 160 TetoroP 24 2' 2 18 14 2 1 14 116 24 5 133 I 36 2 2 18 15 13' 9 10 S8 rlbu- 10'.