The San Bernardino County Sun from San Bernardino, California • Page 25

May 15, 1965 B-M THE DAILY SUN Stock Rally Peters Out; DuPont Gains IF Your Money's Worth Part of Bank Tightening Bill Dropped SACRAMENTO (AP)-A key section of a bill to tighten stats banking laws has been knocked out at a closed-door meeting between the measure's sponsor NEW YORK (AP)-The latest Bj SYLVIA PORTEK 'stock market rally petered out early yesterday after two solid and top banking officials. Carved out ot tne dui, spon in 1 days of advance. Prices ended As we move toward the peak trained personnel. recreation season of the year, The steady expansion in com- the soaring profits and I recreation programs fcr ovVrcome check importance of "fun" employes. These include S06me component the United States emerges withjwork facilities for and the cioSelyJ brilliant clarity.

Igames, steam baths, and, Dow industrial EmmmmmimmmmmmmMjM bjimiu mmmmmmmmmmmtmrnemmmmmmammmmammmmmimmiimmim If tmMn pi--" v. sored by Sen. Alvin Weingand-. D-Santa Barbara, was a portion which would have required an annual independent bank audit by a certified public accounting firm. Last year alone we spent $24 growing numbers of resorts for billion on recreation, up moreorkers' vacations and week- man 500 Der cent since 1940.

ends average to another historic high of 939.62 with a gain of .75. DuPont made a high for the year and its advance was on top of a rise of 53i in the previous session. It's a certainty that 1965's total will be biilions above this Our national concern about all-time record our physical unfitness. This is spurring new fitness programs surge in travel, The rise in the Dow industri in schools, on the iob and snorts, vacations, has be come a maior creator or als was not an accurate reflection of the market, however. Of going far beyond the familiar categories of camp me vm wilderness Act ana uir-j rantror 0nH thp T.nnH Watpr rnnsprvatinnlYork Stock Exchange, 572 de- The bill is aimed at blocking criminal elements from infiltrating the state's banking industry.

It was prompted by recent bank failures in California. Weingand, in an interview yesterday, said opponents of the bill said that to demand independent audits would be "too bold a revolutionary step." Attending the private conference were: John O'Kane, state superintendent of banks; private bank officials; Marshall Mayer, deputy state attorney general, and Weingand. Weingand said O'Kane reiterated strong opposition to the independent audit clause on the Uke 'Fund Act. These are adding'clined and 543 advanced. New imiiiinnc nf anroc in innai ihighs for the year totaled 106 and new lows 22.

A new survey by the Interior'park lands to our existing ex-Dept. Bureau of Outdoor Recre-jpanses of parks and wilderness ation lists 60 separate occupa-jareas. Another aspect here is tions demanding increasing jour mounting awareness of the numbers of professionally 'importance of measures to corn-trained workers. Among them bat smog and water pollution, and this list of "recreation The $1.1 billion law to aid Ap-workers" may astound you jpalachia and dozens of smaller are: biologists, architects. nurs-jbut similar programs to rebuild The list moved a little higher in early trading, then faltered.

Analysts called it pre-weekend profit taking based on the current high level of the list. The Associated Press average of 60 stocks dipped .2 to 343.5 with industrials up .4 to a record high, rails off 1.3 to a low depressed regions. In a rising ef, historians, psychologists, chemists, geologists, econo grounds that it would De loo costly and not as thorough as those already conducted by the banks themselves. AP wlrennoto lab and shot this picture. The tornado lilted just before it hit the town but Jim's teacher gave him an for his classwork for the day.

TORNADO IS ACTION When this tornado funnel headed for Andrews, Jim Roberts, a high school journalism student, stepped out of his photo number of instances, abandonedjfor this year and utilities up farm and coal mining areas are to a high for 1965. mists, archeologists, sociolo gists, therapists. being turned into recreation ha Weingand said O'Kane also vens to attract tourists. To strongly opposed another section of the bill which would require Volume was 5.89 million shares compared with 6.46 million Thursday. Selective gains by airlines, Sight now there are an esti-jdate, the Commerce Dept.

Area mated 35,000 full-time, year-1 Redevelopment Administration School Administrators Applaud Johnson Needles Press WASHINGTON (AP) Presi-i sarcasm in his voice, went on to many tons of bombs. round recreation workers andihas invested approximately $70 Desert Inners Buy Stardust LAS VEGAS, Nev. (UPI) about 100,000 part-time workers million in 66 recreation proj nonferrous metals, utilities and plus millions whose jobs are indirectly dependent on recrea ects in underdeveloped regions of the United States. Says ARA Administrator Wil say that the press demands in- If the government doesn electronics brightened the list here and there. Eight of the 15 most active stocks rose, five fell and two tion.

These totals are up 125 stead that the government pro-comply, "they'll subpoena us up Tnree major stockholders in per cent in the past decade and each applicant for a state banking charter to be fingerprinted. Proposed officers, directors and stockholders who control more than five per cent of a bank's shares would also have their fingerprints recorded. Weingand said he would fight to keep the fingerprinting clause intact when the measure is heard for the second time before a Senate subcommittee next week. due to rise at least 50 per vide a bnefing officer to tell to the Hul the freedom-of-intor how many planes dropped committee." dent Johnson said yesterday that what he calls the Great Society "is not an exclusive club for Americans only." Johnson made the remark in the Desert Inn have exercised a two-year option to purchase liam L. Batt "Federal agencies are working overtime to create new tourist attractions and facilities all over the coun- ceo just within the next five years.

the Stardust Hotel. The estimated sales price was $16 mil were unchanged. Prices were irregular on the American Stock Exchange. Volume was 2.63 million shares compared with 2.57 million Thursday. Moreover, says Ago Ambre, lion.

Ian informal talk to school ad Weather Report to meet the surging de- Mef nf be Labor Dent. Occu-JT The two hotels are located iministrators that was laced with pational Outlook Service, "Thisimands for virtually all forms field offers a big ray of hopeor recreation." ray OI nope Ul i en couifh. uimus were mixea. across from each other on the needling of news media. Las Vegas Strip.

Tq hasi the ngtion.s fornia Mostly tair Saturday and sun The first meeting produced a except increasing high fog near! hr.twpn 'coast Saturday night and Sunday. SlUgiesl DLIWten fwdlie By ASSOCIATED PRESS Five Day Forecast SOUTHERN CALIFORNIA INTERIOR for this summer's army of! government bonds were teen-age jobseekers." Recreation, in sum, is unchanged. er inland Saturday end local cooling and Maver. muc iuii xx.cimum. compassjon t0WardANO EXTREME SOUTHERN NEVADA nesr tMS, Sund and Samuel TUCker, doing bUSl- 1 Saturday through Wednesday: No precipi- -nno-fJoeODleS abroad.

Johnson repeat-Itatlon. Temperatures averaging 2 to 7 tha Around the nation' Friday: High Low ncoa aa uuucaiai i- degrees below normal. Some normal low edlv bought $9 million in stock ed portions of a broadcast, and high: Bishop 44-82, paimdaia so-eo, from the Stardust and as- speech he made Thursday in" 5m Tflerma' M''4' i3 Albany, clear 68 4H I Albuquerque, cloudy 73 I Atlanta, cloudv 84 I wig a big, booming, course, obvious Jactors be- al business dazzling even the hind the dramatic boom in optimistic projections of a reation employment and years ago and it'll become are our climbing incomes, our jigger, boomier and more pro-increasing leisure time, thejfessional year after year. (All building of highway networks rights reserved) and our love affair with the' Mayer accused the state tup jbanking official of not reporting Pr "four major crimes" against four state banks in 1964. 1 O'Kane countered that the lations were reported promptly, but to federal authorities and not the attorney general's of lice.

Brown, Wirtz Caucus sumed a $7 million ban on theiwhich he said the United Mates i rnACTS1 4un MOUntain areas- 76 rain nrnnertv held bv the Team-has helped double production Of Saturday through Wednesday: No precipi- Bismarck, propel ly neiu uy uic icdin Temperatures averaglng near oriBoise, cle ster Union pension fund. rice and pigs in aoum viei im below normai. some normal low, Boston, clear oO A'i 74 38 clear 'i i nrt hioh: Santa Barbara 50-69, Los Ange- Brownsville Most, of the nurchased stock iuu uuii i iu auuui ou, Uilej 56 Jan Djeg0 57.70 RversiJe 49-79, 1 Bufialo, cloudy it- .1 Tl automobile. But there are other o.l SACRAMENTO (AP) The significant forces behind the: 1 iro eiU'nS nome Assembly Republican Caucus was believed to be held byse mings, sam juhhmuh. Rella Factor, wife of Southern "1 awfully hard to get them Mount Wilson 47-68, Bid Bear Lake 34-64.

Chicago, cloudy SAN BERNARDINO VALLEY most o( Saturday and Sunday but patchy rnver rain trends which are not so obvi-: BELGRADE, Yugoslavia (AP)tharged If hat0Gov Brown California investor John Factor. ipnniea. low clouds lata night ana eany mornin Des Molnes cioudy I and U.S. Labor Secre Covorol ennr momhprs nf tlip hours. Slightly warmer Saturday.

O'ds. i President and Mrs. Tito re-i For the past several years Detroit, cloudy Fairbanks, cloudy ci i 70 to 75, lows 43 to 55. tary W. Willard Wirtz have Riverside Ranch Labor Dispute Viewed as Strike jturned home by plane yester- American Assuciauim ui otnwi Inn investors the Desert Fort Worth, cloudv op gambled and lost in their at Administrators broke into npL TM tw, and Our growing interest in rev; day after a four-day official vis- and erated the casino, bars Hnnri.

rntal areas esoe-i "Km L'ouuv .61 1.17 habilitating me pnysicauy and it to Norway. other faculties at the Stardust a this point. caiir some afternoon 1 Honolulu, ram cially south coast and tempts to handle California's farm labor problems. "They gambled that the sun Slightly liuuuj mentauy nanaicappea. inis nas The President.

With an edge Of clouds deserts and mountains, on a lease basis. Jacksonvile, clear warmer most of west portion Saturday led to an urgent demand for Juneau, cloudy and In mountains and deserts sunaay, LA. Grain Oil 41 46 6- 44 (14 50 47 75 55 58 28 85 58 65 55 60 69 43 56 66 51 51 6(1 HII 50 SACRAMENTO (AP) State "recreation" therapists, psycho Kansas City, cloudy 83 Las Vegas 7B ivtdcmi tnuTHERN NEVADA Con- would not shine, that crops would grow, that the big city unemployed would bring in the logists, nurses. sunshine Saturday and Sunday Los Angeles, clear LOS ANGELES (AP) All quotations Jare nominal, jublect to market fluctua- Our longer life span and the loan pwi uuin fur iu uay harvest and they lost, and so have the people," the caucus said in a statement released by Assemblyman Victor V. Veysey, resulting IOrmailOn OI ClUDS ana i shipment in carloading, wholesale only.

organizations for retired people. ao'il This has developed a need yfll 9rin woms (to 2.m4- iJ.7l"; No. 2 yellow grain wrghumi (NT a wiuc jaagc ui aijctiaii-ian-itrom east) 2.63J4-Z.66'4. orprt fflHlitip and snrriallv-! prices: No. 2 yellow con 2.97-3.02; No.

2 yellow grain sorghums i The CaUCUS aCCUSed BrOWTl Of but some afternoon cloudiness. Winds Louisville, clear gusty 15 to 25 m.p.h. at times Saturday. Memphis, cloudy Hiah Saturday 75 to 85, lows 45 to 55. Miami, cloudy M.lwaukee.doudy.

LOS ANGELCS AREA Sunny most of, New Orleans, clear Saturday and Sunday but patchy late New York, clear night and early morning coastal low clouds. High Saturday 70, low 54. Little lOkla. City, clear change Sunday. I Omaha, rain Philadelphia, clear POINT CONCEPTION TO MEXICAN PheniXi ciea.

BORDER West to northwest winds 'o' pjtisburgh. cloudv 50 knots late morning and afternoon Sat- Me, clear urday and Sunday. Mostly sunny Portland. cloudv noons but night and morning cloudiness Ra(31d City especially south coast. Slightly warmer gutf most areas Saturday.

Heno COASTAL AND INTERMEDIATE VAL- R-d. -lea. (NT trom east) 2.63J2.66'4. "colossal bungling" in being i Employment Director Albert iTieburg ruled yesterday that a 37 i legitimate labor dispute exists Mel-Pak ranches in County. Tieburg said no workers 17 would be referred to the ranches owned by brothers Ralph and Ray Melikian.

and no benefits will be given to striking 2:54 employes. The strike was called May .1 by the Agricultural Workers 61 -ganization Committee over wages. Sixty-nine vineyard workers walked off the job when their request for an hourly wage increase from $1.25 to $1.40 was denied. One hundred workers remained on the job. "unable to deliver on his com-i mitment to agriculture that hej would see to an ample supply of field labor in 1965." i Metal Market NEW YORK (UPD Metal price Cooper, electrolytic, delivered Coast Market Trading Slow U.S.

I J6.KK IB.i New York refinery i5.82'jc it) LpKe 3.0Oc lb. Farmers have complained that 8fi Lua. common, N.Y. LtTb-sunny mm or o.u.u rlmirfv i6 0oc itw and Wirtz haye been Sail Lake City, cloudy San cloudy day but some late ninht and early morning low clouds. Slightly warmer Saturday.

Highs 65 to 75, lows 45 to 55. Louis 15 80c lb. Tin, N.Y. prompt delivery lb. Zinc, prime western, N.Y.

15.00c lo 8 ASSOCIATED PRESS 49 iH 4ri 50 41 40 hR 64 49 47 San Diego, clear Louis 14 50c lb. Sinn; hiohlv trariinc tail St umiuTiiu iunnv Sat-ISan Krancisco, clear 61 jslow to act in getting workers I to replace Mexican nationals, I banned from California fields jwhen Congress repealed the bra-cero act as of Dec. 31 of last urday and Sunday but some afternoon I Seattle, cloudy 58 cloudiness. Patchy fog or clouds along lower coastal slopes late night and early Tampa, Cloudy .84 m.n,tnn hnnri Rnctv nnrth nr northwestlThermal 88 1 featured action yesterday on tlie; JXI Cotton Market winds Saturday. Slightly warmer Sunday.

Washington, clear Winnipeg, cloudy IV1UI YU1UIIIC lUd.UUU aiiaica. There were more losses than NEW YORK (AP) Cotton fomestle fu-year. tnrA rlnteri rnt hal hiahftr to gams 8nd most gains were lower. i Hlih Uw Clot minor. Ju, 30.6ob INTERIOR AND DESERT REGIONS Sunny most of Saturday and Sunday but some afternoon cloudiness.

Winds gusty 15 to 25 m.P.h. at times afternoons. High Saturday 75 to 85 upper and 85 to 95 Douglas Aircraft, Signal A and Oct 30.25a uaor equipment were up vs Public Works Bill Advances 30.00B 39.93 anr! T.npkVipprl nnrl North Ampri-'May nn nn aar lower valleys. Lows Saturday night 45 to, 55 upper and 55 to 65 lower valleys. little warmer most areas Sunday.

IMPERIAL AND COACHELLA VAL LEYS Sunny most of Saturday and Sun. day. High Saturday 85 to 95, lows 55 to; 65. Slightly warmer Sunday. Can AViailOn '4 among SO Upsiaei Mladllng spot 32.75N unchanoed.

issues bid. WASHINGTON (AP) The Pacific Lighting sold higher, Chrysler, FMC Kaiser Aluminum, SCM and L.A. Hay Senate Public Works Committee The ULTIMATE in LUXURY Now Leasing at Newport Beach Only 48 families can enjoy Caribe living. los angeles (AP)-(FSMN)-Aitaniapproved yesterday a $665-mil Western Union were all up Standard Oil of California 1 annual public works and and 00; US No. 2 27.00-29.00.

Carlot arrivals, wneaf 1, oariev corn 6. aoronum 4, cv-uhuiiiiv. ucvciuuiiicia uiii ur (lour 7. hay 158. COASTAL WEATHER MARINA DEL REY-Wind WSW 10 knots, weather clear, visibility 12 pressure 1012 millibars.

REDONDO HERMOSA WSW 10 clear, 12 miles. NEWPORT BEACH SSW 5 knots, clear, 8 miles, 1012 millibars. AVALON HARBOR Calm, clear, 10 miles, 1012 millibars. POINT LOMA-W 14 knots, clear, 15 miles, 1012 millibars. NORTHERN AND CENTRAL CALI-: signed to help economically distressed areas.

The action was unanimous. Bank Clearings with Democrats and Republi AP wlrepholo map 30-DAY FORECAST These maps indicate probable precipitation and temperatures, next 30 days. SAN FRANCISCO Bank clearings cans joining in its support, after Thriftimart 3s and Rohr '4. Losses totaled 102 and 54 sold unchanged. General Motors was off 1-Y Caterpillar and Transamerica 7s Comsat and General Telephone Weyerhaeuser s8.

Magnavox and Xerox General Dynami and Xerox Vz, General Dynamics and and Crown $314,500,000. Lot Angeies bank debits: Friday 1 tnillinn in iha 199,194, lest year $515,159,327. Vw vuiv, jmillion in annual authorizations f. 11 asked by President Johnson. BUlter, tQQS, rOUltrY I The measures, asked by John in a SDecial message March Never before in the Newport area (or suldom in any other area) will you see such luxury ft The Caribe.

Beautiful design! OutstandinR construction! Magnificent view! Rising 6 stories high fronting on the Bay, The Caribe commands the sea, the boat-filled bay, the distant mountains. Spacious 2-bedrooms each with two full baths plus a few choice singles each with vista balcony (12 different plans to choose from) 1500 square feet with every conceivable convenience. 24-hour parking attendant draperies and many more fine appointments. You are cordially invited to inspect the 12 Furnished Models beautifully decorated by Barnett Brothers. Rents besrin as low as $3SD mnnfMv Zellerbach, Occidental Petrol-! pr IZtl combl features of three RCA and western Airlines: Poultry, live, voium prices, at "neb: previous Droerams eum Fryers 37,800 heed 32 pet 17, 3 pet 19, These are the area redevelopment bill passed in 1961 to aid 65 pet undetermined; roasters 3,400 head 21-25; egg type hens 38,000 head delivered at olant 44-V? weighted ava 4.94.

distressed areas, the accelerat at ranch weighted avg 3.77. Tur 32 High Admiral Corp 32 Am Cmf .50 12' i Amn Electrn IU :andyrorm.ro!,8S,ers public works program set up keys hens in law, ana tne Pinion aoiiar 12- 1 Amn Mtr Appalachia aid bill enacted ear lier in this session. Citrus Shipments Private Boat Slips Available at your door l'- 12H 69 32i 79 i 2134 17' 4-! 16'. 22' 4 49 32-i 794 2P4 17' Amn Std 1 Amn 2 AT4SF Ry Beckman Inst Brewer Cal Comp LOS ANGELES (AP) Th Federal- Most important feature of the new bill is a $400 million a year grant Droeram under which 7 PM. BT My Pat from U.S.

WtATHt BuPfAU 100 "ToW HtXx High Umiwmi iiMtfi State Market News Service reported orange, grapefruit and lemon prices steady. could pay up to half LUXURY APARTMENTS ON THE BAY AT NEWPORT BEACH FarnanrfA mil Ru a.n.. resentativ prices, by siz: First grade jthe COSt for needed public KA I ti- ill 71. i ttA AO. 1 tt 111a 1H 11fl 54 3 63.

1631 n'o prkei second srade. works, public service or devel Telephone (714) 673-3003 or (213) 632-7678 Open 10 to 5 dally, evenings by appointment. opment lacilities in distressed NEW YORK (UPI) Citrus report:) Calif Fin 434 Can Sup Oil 23' 1 Case Cater Trac 1 46' 4 Chrysler lb 54'! Colo Fuel 15 Col Gas 1 32 Comw Ed 1.80 56''i Cont Ins 2.40 Cm Zeller 2 5B'a Spec 221 Emp Capwell Exeter Oil 75 Fit Chrt t.41t 2Vt Uy Tiger 15i areas. California Navels 5 cars, unchanged I boxes $3.01. Lemons 3 cars, unchanged; boxes $1.65.

Valencias 2 cars, unchanged, boxes $2.63. Low 31 'a 12' 1 12' 22' 69' 4 32 79'-'? 21s4 43. 23' 4 16'. 45? 54 15i 32 9 SB'-a 221 61 1 65 23 15 58: 44:" 20s 37' i 56J4 34 41-4 43- 257 23'i 84 7 T7H 15 32 56' 3 69' itj-'j 22', 61 1.75 iVt 15 69- J6-'4 17'4 State's Strawberry Shipments Stay High SAN FRANCISCO (UPI) Chicago Grain FMC Corp 59'a rnti Hord 2 Soybeans closed' aiidwucuy oiiiLinicius i van- CHICAGO (UPI) strong, wheat, corn and rye mixed 'tOmia are down only slightly ZW.a'Oats easy on rne Lnnago ooarg oi iraue i 372j Friday. tli is year despite claims by soybeans were up i wnaf up growers of an acute labor short 56-4 to off corn 'i to otf oals off to rye off l' 34 to age.

17' a 44 I 204 37'2 20-4 56J4 34 42 43J 257 43' 84 7 vial 3se A t'1- Kittm .40 Deere 1.40a 1 Intntl 1.40 OGIoreio .80 D.sney Dome Mine Doua Air 15d Orester 120 duPont 1.2id Ind .91 East Airl East K.0 wi Enei McCul Pgo NG 1 Tlie California strawberry ad- 4Jiil CHICAGO (AP) Wheat Ne. red JSJf 'visory board said shipments to 257 No. 2 hard 1.5IN. Corn No. 2i 23'iivellow I.i8;4N; No.

3 yellow 1.35-.4-375i; I I AP wlrephoto map ans, and in southern Rockies. It will he warmer in Northeast and northern Rockies and cooler in upper Mississippi Valley and southern Plains. Showers and thundershowers are forecast today in upper Mississippi Valley, Great Lakes, Ohio and Tennessee valleys and central Appalachi- heavy date are 1,597 carloads, only 25 r. No. 4 vellow 1.32-4.

Oats No. 1 84 jwhlte 77UN; No. 2 extra heavy white than at the Same time last 7 Soybeana No. 1 yellow Soybean oil 10 iW Vear..