The Bridgeport Post from Bridgeport, Connecticut • Page 42

DGEPORT POST Thursday, Feb. 1, 1973 Mutual Funds CFSC SHOWS GAIN FOR 4TO QUARTER Firningt Improve in Penod Transportation Tl "ujoeld'by HoUonoTAuocl- ScJfjtlS butd Sli (net osset nlue) or bought volue plus wles WednSoV jiuy tat Fnd 6.20 Mrnlrolty Grwfh 5.10 J.5J hdvlsrl 4.75 S.ll utna 10.4511.42 aSSn 12.JO N.L. ijISot." ftUftii Diver Am EqltV S.M 5-5! Invert t.n IKS 9.H Arn Crth 4.24 Am InUn 5.7? 6.33 AH! Invs 5.7« N.L. JS'SS 7.35 "Grwth 10.6 Incme t.T. ar iSSiK! Wash 13-71 15.02 Altron 4J4 4.91 Audox Fd 10.61 11.59 AX.

HouaMon: Fnd A SJJ S.T Fnd 7.7» Ivtt Stock 6-30 sclen 4JO 5.22 BSJff Boyrfc Gr Mam HI! 11.11 N.L. Brocn In 13J6 N.L. Ken 12.03 N.L. cm 0.1 ugi" T51314.S own tt832s.o DtvW 4.3? NatW 10.7011.72 HY Vnt 13.11 14.43 Bumn Fd 12JS N.L. CO Fund 11.1412.! Geplt Sh 6.58 7J C4O- Trtn 1433 15J Centry Sh 14J3 Charming Boon 13.0J13.1 Bond 979101 Com St 1.5S Grwth 6.41 7.) incom 7-4S Specl 105 2.2 Vent 11.17 Qum Qf gas: Fund 10.24 11.

Frt Cop 0.03 i. Shrlild 9M 931 Sect 8J2 93 Chemlcl 114512-4( Colonial: Cnvrt 11.0212.0. EaulY 3.95 4.3* Fund 11.01 12.01 Crwlll 7.05 7.71 rncom 10.14 11.0 Vent 4.B7 5.3 Colu Grth 14.U N.L orm AB 1.40 i.s Cwtfh 1.67 1.1 Comp Gr 7.27 Comp As 5.20 Camp Cp 5.97 ts Camp 0.04 9.1 Camp Fd 0.79 9.5 Concord 11.32 N.L Com Inv 12.7] 13.1 Constet 6J Cant Mut 1 56 N.L Cant Gttl 9M 9.7 Ctry Cop 15.51 16.7 Cm wSrv 6.16 4.7 Cm WOd 8J, Oavge Fd 13J2 N.L doVegtl 68-3, N.L Pllumm GnMjo: Decat 11.14 12.T CMaw 11-491-LSI Oetta 6J6 7.01 fu COP 7.06 7.7 Dodc Cox 10.42 N.L Dnacel 13.16 H.L Dreyfus Grp: Oreyf 12.54 Levoe 16-tt 18.12 Third 10JS1L78 IE Fd 3.63 N.L. ogle Gr a. 70 9.53 Balon 10.0* 10.91 Grwth 16.

65 11.42 1 ncom 6.4, 7.09 Specl 9.29 10.15 Stock 19.97 15.27 brtlOt 19.79 N.L. DIE Spl 27.15 N.L. PC Monooemnt: Eq Gttl t.03 9.90 Eg Pro 3.70 4.05 Fd Am I.S9 9.41 grt Gt 14.27 15 Jl Hun Tr unovol mer Sec i 6.11 nergy 11 ,11 N.L. 9.3710.24 Foirlld 10.5111.49 Form BJ 10.79 N.L. ftfellty Croup: Bond 9.59 10.41 Coplt 12.75 13.93 ContPd 9.p] N.L.

Conv 1.41 I.7B Dslny 7.5J Essex 13.24 Evrit I7.J713.9 Fidel 17.40 19.0! Purlin 10.21 11.23 Sorem 5.11 S.U Trend 26.71 29.19 Prog: Dyno 4.17 N.L. Indult 4.81 N.L. Incom 6.32 N.L. Venl N.L. F.tW VO 12.7513.93 Investors: Disco 7.43 1.14 Grwtn 9.04 9.91 Stock 9.21 10.C9 Fst Mull 9.63 N.L.

Slerr 5.31 5.12 orum Group: Clmb 11.34 N.L. 100 FS 13.72 N.L. 101 Fd 9.37 N.L. Twen 6.67 N.L. Fnd Glh 5.11 5.5! ounders Group: Grwth 6.0! 6.5 Incom 17.72 13.90 Mulol 9.75 10.M Specl ll.W 13.01 oursg Franklin Group: DNTC 9.9I10.4 Grwtn IJ7 Utlls 5.71 Incom 2.07 N.L.

US Gov 10.11 11.01 FdF Dep 11.34 N.L. tnc Grp: Comm Impac 9.32 Ind Trd 14.38 Pilot 841 9' Gotewy 10.lt 11.0 OE 51 3I.S1 Gen Sec 7J1 N.1 Group Sec: Baton tJ3 9.22 Com St 12.4613. GrtriFd A 5.43 S. Grm Ind 23.26 N. Guard 25.49 N.

Hamilton: HOA 4.61 5. Grwth 7.75 1. Incom 6.51 7. HtC Fd 1123 N. HK Lev N.

Hedb GOT 0.94 9. Hedge 13 N. Htrllge 1.K 2 Hor Men 19.61 21 3 1SI- Group: Grwth 4.63 5 tncom 4.06 4 i Trus sn 13.0414. Trus un 3J2 Imp Cap 10.91 11 I Imp Glh 9 5 IncF Am 14.5515 1 IncF Bos 7.0» 7. 1 Industry 3.96 4 3 INTGN 10.11 10 5 ICA 14.U16 Inv Guld 9.31 Inv Indie 5.O Bot 12.1514 Investors Group: 4 IDS Grt 7.93 7 IDS ndl 7.07 7 3 Mull 10.56 11 Prog 4.96 SJ Slock 31.7121* Select 9.71 10 Var Py 9.51 10J Inv Resn 5.42 5 I IJW 23.3524 Ivy JP GrthF 10.9ail Janus 17.90 Hanck 9.01 9 3 Hone SI 9.11 9 1 Johruhl 21.65 eystone Functt: Apollo 6.45 7.07 CU1 Bl 19.45 50.34 Cus D2 20.7122.71 Cus B4 9.21 10.10 Cus Kl 8.12 1.90 K2 7.2! 7.9! Cus SI 24.2126.61 Cm 51 11.96 13.10 S3 9.3S 10.24 S4 5.7! 6.21 Polar 5.05 5.5! nlckb 6.93 7.60 nick Gl 9.1510.13 nox Fd 6.20 xlnglon Grp: Cp Ldr li.Kll.4t Gr 9.96 10.K Lex Rh 17.01 1.59 bfty ft 6 3 7 t.H fe Slk 7.20 ft Ins 9.9910.91 nc Nil 10.1011.04 ng 3.91 Soyles: Canad 31.96 N.L.

Coplt 13.94 N.L. Mut 15.4! N.L. ori Abbefl: Aflllld 7.07 A Bus 3.39 3.67 Bnd Db 10.99 UIK Bro 12.0313.15 ulh Inc 9.9910.92 ogna Funds: MOSC 5.01 5.49 Ircom 9.49 10.37 Pllgm 10.7111.71 anhln 4.69 5.13 kl Gift 3.37 N.L. aisochuselt Co: Freed l.to 9.64 Indep 9.23 MOSS 13.62 13.83 Aass Ffnancl: MIT 12.38 11.5! MIG 14.4J 15.77 MIO 1480 16.17 MFD 15.10 16.50 MCD 16.4918.02 Moles 3.79 N.L. others 13.94 N.L.

Id AM 6.31 6.97 ONY 12.6013.77 Mut Ben 11.14 12.21 IF Fd 8.27 8.94 Mir- Ctr, 5.33 5.71 OmaC 5,43 5.90 Omahl 9.B9 10.75. Mut Shrs 16.50 N.L. Mut Trst 2.04 N.L. EA Mut 11.1011.33 oil Ind 11 52 N.L. at Secur Ser: Balan 10.24 11.19 Bond 5.11 5.S8 Dlvld 4.22 4.61 Grwth 9.25 10.1 Pf Stk 7.00 7.65 Incom 5.35 Stock 7.83 tSi NE LlfeFund: Equtt Groth 1IJ512J5 Side 17.86 19.4 Neuw Cet 6.17 N.L Neuw Fd 10.0 N.

Newton unava llch strg 23.30 N. Noreast 15.98 N. Oceangr 1.11 N. Jmega 9.59 9. One wmS 11.03 N.

ONUll Fd 14.01 N. Oppenholmer Fd: Oppen 9 AIM 11.91 13 Time 10.05 10 OTC Sec 11.1312. Parom 8.M 9 Paul Rvr t.24 9 Penn Sq 7.32 Pa Mut 3,58 Ptllla 7.96 1 Pine St 11.27 Pine Tree 4.30 4 Pioneer Fund: Entrp 9.03 9 Fund 12 J0 13 II 10.5011 Plan Inv 11.9213 PJlflrth 74.71 16 Price Funds: Grwm 30.45 Era 11.86 Horlr 38.64 Pro Fund 10.42 Pro Porlf unava Provid 4.56 4 Prav Glh 9.3810 Pru SIP 11.5412. Putnam Funds: Conv 11.51 12 Eqult 10.41 11 Georg 17.1818. Grwltl 11.9613 Incom 9 Invest 10.3711 Vlslo 11.7812 Voyog 11.4713 Revere 9.30 Rlntret 14.98 16 Sagllan 3.03 hustr 10.4711.44 chust Sp 11.02I7..M udder Fum: rl 17.4517.70 peel 36.50 N.L.

Baton I7.9 N.L. Com St 11.77 N.L. Funds: i Equlr 4.08 4.47 nveit 1M 8.20 Ullra 9.27 10.11 a ecled Funds: Set Am 9.60 10 J9 Sel Opp 11.48 13.64 Sel Spl 15.23 16.M I nt Glh 10.55 11.47 16.8418.30 oretiolders Gp: Dnslk 4.00 4.37 r-nlrp 6.62 7.23 'lei Fd 5.19 5.17 K'orbr t.U 9.22 6.95 7.60 11.2711.3} earson Fundi: Appre M.50 Incom 11.7720.51 nvest 10.9011.91 erm 12.72 N.L. de Fd 8.30 9.10 Funds: Coplt 9.90 10.82 Invest 17.72 11.90 Trust 9.51 10.43 Vent 12.1513.28 Eqly 11.12 N.L. lGr 13.06 N.L.

Gen Int 14.07 14.73 Invs 9 JO 10.27 win Gt 7.91 1.63 ver Inv 12.5313.72 peclro 7.22 7.91 SIP IntD 10.58 N.L. ale BondGr: Com 5.76 6.30 Olv Fd S.T 5 6.28 Prog 6-15 6.72 Frm Gt 5.12 N.L. Frm En 10.19 N.L. ate SI 51.7952.16 eadman Funds: Am Ind 3.89 N.L. Asso 1.32 NX.

Invest 1.66 N.L. teln Roe Fa: Bolon 23.45 N.L. Cap 0 ll.K N.L. Stock 17.03 N.L. upervlsd Inv: Grwth 6.99 7.66 Incom 9.2710.16 Sumll 10.87H.91 Tech 7.16 7.85 Sync Gth 8.75 9.56 TMR App 10.2411.19 Teacher 10.68 10.90 Tern; Gt 893 9.76 Towr Cop 6.19 6.67 Trns Cop 9.2610.07 Trav Eq 12.0213.17 Tudr Hed 14.82 N.L TwnC Gt 3.37 3.69 TwnC Inc 4.33 4.75 USAA Gt 13.44 N.L.

US GavSe 10.42 10.58 Unlf Mut 10.3811.34 Unllund 10.44 11.41 Broad 15.M16.48 Mai Inv 9.71 10.61 Cop 12.J2 13.46 Whteri 14J1 1544 United Funds: Accm t.26 9.0! Bond 1.26 9.0S Con Gr 11.9013.0. Con Inc 11.29 12J! Incom 15 .35 16.t Stltn ,05 Vang 8.35 9.1J Value Line Fd: Val LI 7.M Incom 4.97 5X Lev Grt 9.44 9A Spt Sit 4.4! Vance Sanders: Bosln 7.90 1.6. Comm 8.83 9A Specl 9.41 10.21 VandrOf 7.11 7.7 Vongd 3.32 3J Vanlg TN 7.39 Vorln 4.57 4.7 Viking 7.04 N.L Won 51 9.4110.31 Wash 12.60 13.7 Wetng Eq 14.31 N.L Welllngtn Group: Explr 25.24 27J tvest 11.8812.91 Morg 13.21 Tecnv 8.01 Trust 13.1615.1 Wellsl Wellln 17.13 13.2 Winrfr 8.89 9.T West Ind 4.66 5.1 Westf Grt 9.99 10.K Wincp Fd 6.39 in Wlnllcld 4.84 5.31 Wise Fd 6.43 7.0: Zlegler 11.0012.0! N.L.-- No loot tsales charge) But Dip for Year; Growth Reported Connecticut Financial Ser- and its subsidiaries, City National Bank and CFSC Leasing corpor- 9.27 io.il atlon, reported today consolidat- Fun ed 1972 figures showing Improv- Yesterday's Market InduitrUb ter but a decline in net Income for the year ended Dec. 31. CFSC also reported gains during 1972 in capital accounts, deposits, loans and total resources.

Commenting on the year's activities, Nelson L. North, president of the holding company and chairman of the board of the bank, said that "a major part of the expenses in connection with the merger of City Dow Jones Stock Averages Open High Low ClOM M3.M 1W4.M W8.ll MB.tt 207.13 Utilities 11J.88 114.M lll.tt 113.81' Stocks 314.11 JI7.24 JI2.24 J1S.J2 Bond Averages Close Bond. 74.81 II Higher Grade Rails 54.37 Second Grade Railt KM II Public Utilities M.I1 8M1 Close 1I7H STOCKS CONTINUE TO PUSH UPWARD NEW YORK (AP) Prices pushes upward in the stock market today in the wake of rally among the blue-chip issues. The 10:30 a.m. Dow Jones av- S'ii "Mil 6 6 o( 30 8 815 was Change Unch II 171,801 Polaroid Ulll Southern Co EasloAtrL Kalsr Alum Falrch Cam 118.CM MGIC Inv IH.SWGuUOil 1H.8M Pan Am Texaco Inc Ten Most Active Stocks I and The Water Bank, In June 1971, is now behind us, which is reflected in the company's fourth quarter improved earn- 21.4 PCT Income Gain Income before security gains for the last quarter of 1972 was "574 6.30 equal to 66 cents a share, a 29.4 per cent gain over 51 cents a hare for the seme period in 971.

Net income, which includes security gains and losses, amounted to 71 cents a share 4.82 to 1003.84. On the New York Stock Exchange, gaining issues had about a 4 to 3 lead over declining stocks, Wednesday's session put at least a temporary stopper on School Bourd Member Controversial Books Hit in Ridgefield RIDGEFIELD Samuel Di- that "Soul on Ice" expresses a Muzio of the Board of Education was the principal speaker at a membership meeting of the Ridgefield Chapter of Jaycees held recently at the Old Branch ville school. He discussed the controversy surrounding the two books, "Soul on Ice" and "Police, Courts and the Ghettos." Mr. DiMuzio told (he meeting II 85'. Chessco in $1,550,000 Deal To Sell Its CH22 Operations Unch the long downward trend of the 'A market, as 725 issues on the 'H Big Board advanced and 700 declined, after losers had held the upper hand in nine straight sessions.

Recovery Explanation The improved showing came because "prices had declined short a Ludovici, research director for Wood, Walk- Fairfield Firm Reaches Accord in Principle With Martin Marietta )f directors of both Martin Marietta and by the stockholders of Chessco Industries. Louis Radler, president the final 1972 quarter against 72 Marietta corporation for the Chessco Industries, Fairfield, has announced of ueement in principle with Mar. cents a share for the like quarter of 1971. Net income for the full year 1972 amounted to I3.39J.742 or $2.07 a share on the average number of shares outstanding, compared with $3.857,879 or $2.31 a share in 1971. These amounts, the report noted, are after security gains oE six cents a share in 1972 and 26 cents In 1971.

Mr. North pointed out that "the bond market in the latter part of 1971 afforded an excellent opportunity to shorten the maturity of the bank's portfolio and to take substantial profit: i many instances above par "This program, which was successfully carried out, accounts for the difference between earnings before security gains and losses and the net income which In 1971 was measurably larger than in 1972. However, increases in many of the company's activities are indica- 4.9J sjis tive of a significant year in the of Connecticut Financial iervices corporation." Capital accounts rose from $31,530,845 in 1871 to after cash dividend payments ol 12,160,058. Deposits at year end ncrreased to $373,440,815 from 345,851,142 a year earlier, and oans amounted to $263,336,021, up from $241,641,006 on Dec. 31 1971.

Total resources aggregated $444,618,631 against sale by Chessco of its operations covering the manufacture and sale of its fuel oil additive known as CH22. The announcement said the agreement in principle was reached Wednesday. It is anticipated that the purchase price will be about $1,550.000 in cash, plus additional payments based on sales during the next four and a half years, commencing July 1. The agreement in principle is subject to approval by the board of tpo rapidly in too time," said Anthony LI er Co. On the Big Board's most-ac- man's feelings and preachings, about violence and hatred for the American way of life and an all co over-eagerness for lust and foul language.

He also said that several gieat Americans are ridiculed in the book without justification and that there is an expressed resentment toward any black man who works hard and succeeds. Chessco, said the company would continue its other operations from its principal place of business at 75 Hillside road, Fairfield. Chessco also announced its unaudited results for the six month period ended Dec. 31. Net sales were $1,285,838, compared with sales of $1,044,503, for the corresponding 1971 period.

The company reported a net loss, after tax adjustments, for the six-month period of $26,807, compared with a net loss of $2,270 for the corresponding period in 1971. Earnings per share declined from slightly less than break-even to a loss of six cents a share alter a federal income tax credit. tlve list, several oil Issues were posting gains, including Gulf, the third-most-active, up to 27. Others were Standard of California, ahead to and Exxon, up to Control Data, which had reported improved earnings, was ahead VS to 55Y 2 Am, which decided Wednesday to drop its options on the was up supersonic to Concorde, Pan Am, TWA Dropping Options to Buy Concorde 062. Canodlon Fund ENVELOPES LOCAL INDUSTRIES on Pont, eton, Forjon, mc tfl 2U Capital Shares .087 opan Fund 1.68 unit TennBoncsh .06 INCREASED Alpha Portland .12 Am .11 Bethlehem steel .35 Gen Medical (x) .12 A Oil.

Aerosol Tetft x) Company changed record dote. Mueller. Paul 1.00 Ameriain Chain ...21 2V.A 1.40 Carpenter Teen 474k L. P. MacAdams Co.

ASK FO8 W. SOMERS 1.60 Crane company 20Vp 20'A 1.04 Harvey Hubbell 1M Harvey Huboell Foremost McKesson 1.00 Raybestos Inc Remington Arms 2JO Singer 1.60 United Aircraft .25 VCA JO White Consolidated Otter Tell fewer tockower Bros Sonoco Prod Stand Oil Col HOW TO OBTAIN CAPITAL OR LOM6 TERM MONEY FOR YOUR BUSINESS oar long term funds made available to you will help to rapidly expand, and mate your business more profitable; If your business requires long terra capital to "stretch out" your present debt; THEN YOU CAN QUALIFY FOR A LOAN OR INVESTMENT FROM $5,000 TO $600,000 FOR Modernlation Equipment or Inventory Construction SUrtinf 3 ffew Business Accounts Inventory IMMEDIATE SERVICE PROVIDED FIRST CONNECTICUT SMALL BUSINESS INVESTMENT COMPANY 177 State Street Bridgeport, Conn. 06603 (203) 366-4726 Assets Exceeding A Oetnttt unoV Smtll Business Invei tmtia Ad dlKt Mliancini Dividends Rite run Heart eWe IRREGULAR On the American Stock Exchange the volume leader was Superscope, up to In second position was C.I. Mortgage Group warrants, up YOUTH IS ARRESTED IN TRUMBULL BREAK TRUMBULL Police made one arrest and said they expect to make another today in connection with a break Into the home of Frederick Lathrop, 11 Thorburn avenue, at .2:30 p.m. yesterday.

James Stella, 18, of 30 Scenic Hill road was arrested in his home at 5:25 p.m. and charged with burglary in the third degree. He was detained overnight in lieu of a $5,000 bond for arraignment in Circuit court today. Police said Stella was identi fied as one of two youths who fled the Lathrop home when a member of the family relumed to the house and interrupted he removal of several items ncluding a television set. The pair left a car parked outside, police said, and were described by residents who witnessed the flight.

'False impression' The book, "Police, Courts and the Ghettos" is scheduled for use in a pilot program in the junior high school and in Mr. DiMuzo's opinion "it gives a distinctly false and sad impression that policemen are incompetent and that they harass the public." Mr. DiMuzio said that the books are unfair, lack credence and historical significance and that they do not subscribe to state education laws and objec lives of the social studies cur iculunt which indicates that book elections should be made on th asis of any individual's troup's achievements or accomp- ishments. "Soul on Ice" does no describe achievement or ac complishment, Mr. DiMuzio said to GW SEEKING OF AFS STOCK NEW YORK (AP) Gulf Western Industries one ol the nation's largest business conglomerates, announced today it is seeking to buy 19 per cent Mr.

DiMuzio also told the meet- ng that, in his opinion, the school dministration has failed in implementing its own controls and guidelines for the use of the xxiks. He said that the controls jver the use of "Soul on Ice" ncluded using only certain specie sections of the book and the book was to be used only in the senior year ethnic studies course. Guidelines Broken He pointed out that the guide- ines have been broken since the is in the school library and has been taken from the classroom. He concluded his talk by stat- ng that he intends to replace this type book with quality books which present minority Americans in true and positive lights. There was a question and answer period following Mr.

DiMuzio's talk during which he urged Jaycee members to take an interest in the controversy and voice their opinions, either pro or con, at a meeting on Feb. 5 during which a motion proposed by board member Leo F. Carroll which provides for the removal of the books from the curiculum will be considered. HARLEM TEAM SLATED BY NEW M1LFORD PTA NEW MILFORD The Par ent-Teachers association wil sponsor "The New York Har em Wizards Basketball Team" March 10 at 8 p.m. at New Milford High school.

The association announced the advanced date to give residents an opportunity to plan to attend. Tickets will be available at the door. The association's executive board will make plans for the the .10 2-15 3-1 2-13 2-13 .07 .72 .75 2-19 2-1S 2-16 4-10 2-23 2-9 2-9 3-15 3-10 3-5 '3-9 3.19 3-1 5-7 3-9 3-9 3-9 4-2 3-1 Union Sugar 375 Warner El BrxCI .10 wesllnghouse El .243 DOS! 065 2-1S MS STOCK Mueller, Paul lOpc 7-19 3-9 'eopres Protective (x 5-15 6-15 Ix) 2 far 1 slock split sublect to approver. Sonoco Prod tx Cxi 2 for 1 stock split subrect to shore- kolder approval. EXTRA Bettlertem Sleel .20 2-13 3-10 OMITTED 'aterson Parch Pop INITIAL Bfnney Smllh new .165 People Protect new .05 4-16 6-15 Tyler Corp 05 3-31 4-30 REGULAR Ashland Oil Jucyrus Erie letanese Corp pillton Corp 3eere Co Exxon Corp Kenwood Co Mangood Corp .15 Maul Bros 10 McGraw Hill .12 Mldwestn Fidelity .18 O'5ulllvan Corp .175 Pacific Lumber .37 Prentice Holl Roberlsh Cotilrols .19 SIJohniDury Tr .156 StRegls Paper .40 Snap-On Tools .095 Slorer Brdcast .35 Sun Oil 35 Union Cor bide so Warner Lambert .325 .04 .125 .27 .95 2-21 3-1 3-1 2-9 2-15 2-23 3-16 2.15 2-13 2-19 2-16 4-16 3-1 3-1 CONNECTICUT INDUSTRIES (From Pwit, Glen, r-ortjoo, inc.) Acme united Corp lltt Allied Porducts 19 19'A Arrow Hart Hegeman 23 Associated Spring 301i Barden Corp 10 Dictaphone Corp IIS li Clwsco Ind 7 8 Emhart 30 30 1 First Conn 16 16H Frouae Haody a Hormon Peter Foul Sonltos Service Corp Sturm Ruger 10 Stanley WorhJ 3974 30 Veeder Ind Vitramon owioona rait on ttteM PUBLIC UnLITY STOCKS (Correov, Smllti, Inc) SIAAsket Ctrl vi Pub Srv OF 1.21 Conn Water CM I.H 17 Kydrcullc Ca OJ 1.28 UV.

20 New Eng CSE New Haven Wat Northeast Ulll 1.22 17 7.A4 37 30 1.02 15U 15U 1.M 23 23U 2.44 3414 OJ 2.72 41 Cos Pipe OF I.1J United lirum QA 2.24 32U INSURANCE STOCKS (Cm ex. Jrwrn. inc.) bly. HM I .01 ecisions End Possibility of U. S.

Use for Next Few Years By DEBORAH M. RANK1N AP Business Writer NEW YORK Decisions of nation's two largest inter- itional airlines not to exercise rtions to buy the controversial mcorde has probably ended the )ssibility of American carriers ing supersonic planes in the net few years. Pan American World Airways inounced Wednesday it woulc )t exercise its options to buy ven of the British-French anes because studies showed aircraft "has significantly ss range, less payload and gher operating costs" than resent wide-bodied jets. Bedes, the carrier added, the oncorde would require "sub- antially higher fares." Trans World Airlines said it ould recommend that its Dard of directors not exercise options on six Concordes be- ause "first priority must be ven to the improvement ani xpansion of our present sub- jnic fleet." The airline also lid it had "some serious ques- on as to the economic via- lity of the Concorde on TWA's vstem." Industry Leaders Pan Am and TWA are re- arded as industry leaders, articularly in overseas routes here the Concorde would be sefui, and their decision to crap the options is expected to ffect the thinking of other air- nes. Four other U.S.

carriers hold Jtions on the million ane, which is scheduled for elivery sometime in 1974. merican and Eastern have op- ons to buy six planes each; raniff and Continental hav ptions on three planes each. Braniff is the only one of th our that has displayed muc nthusiasm for the Concorde, ays the plane would be idea or its Latin American night ut Braniff doesn't want to le first carrier to try out th lew aircraft. The major attraction of th lane is its speed more tha wice the speed of sound. It ca whisk a maximum of 128 pa sengers from New York Paris in about three hours.

Its major drawbacks are i price, four times higher tha riginally quoted; Its passengt capacity, less than half that many planes now in use; an he noise it eenerates. A Wall View A Wall Street analyst chara terized it Wednesday as small plane that has sacrifice! size for speed." He said the ai craft was "not economically ficient." "What passenger is going pay three or four times th standard fare just to get som place a few hours earlier?" asked. Domestic carriers have he options on the Concorde sin the British and French beg BANK STOCKS (Cemev, Smim, IK.) BonK of Slrolford 19 Conn Fin Srv Corp QM 17'i 1 Conn Not GM 1.20 30'A Lafoyerte 7r srk 34 ork on the transport more I an a decade ago. U.S. devel- ment work came to a halt in 61 when Congress cut off nds because of the con- roversy over supersonic boom, fhe British-French project has 1 st $2.5 billion so far.

The only two supersonic ransports now being manuf ac- red are the Tupolev TU144 in Soviet Union and the Con- orde, built by the British Air- raft Corp. and Aerospatiale of ranee. Limited Use Seen The noise generated by the Toncorde, its small passenger apacity and its high cost make economically practical in many minds for a limited type flight: over water, so the ound does not disturb those on le ground; over long distances, so the airline can harge a good fare; and on ow-density routes, so that pas- enger demand is not over- helming. In effect, say industry ources, this means the Con- orde would be most useful to U.S. airlines with Latin Amerian flights and less desirable or transatlantic and trans- ontinental runs.

So far, the Concorde's manu- acturers say they have firm rders for models: five from le British Overseas Airways four from Air France, hree from China and two from ran. But with the moves by Pan Am and TWA, options to pur- base a total of 23 planes now lave been canceled. United ireviously dropped its plans to uy six and Air Canada crapped orders for four. The Monroe Doctrine was expounded in the President's message to Congress Dec. 2, 1823.

i me stocK or ureat Atlantic acific Tea Co. The conglomerate revealed liat it already owns 4 per cent a )f AScP by virtue of stock pur- bases over the past four months. That makes Gulf rVestem the third largest AP shareholder. The conglomerate now seeking to acquire an additional 15 per cent, or 3.75 mil- ion shares, through a tender offer of $20 a share. AP stock closed Wednesday at a share, up $1 for the day.

At the announced tender offer price, it would cost Gulf Western $75 million to acquire 19 per cent of AP. A spokesman said Gulf Western was seeking the stock "as an investment," and that no decision has been made whether the conglomerate might eventually seek more shares of the giant supermarket chain. AP officials were not immediately available for comment on the Gulf Western announcement. AREA ARRESTS WESTPORT State Police at Troop arrested 12 drivers and issued five warnings on motor vehicle law violation charges yesterday. Fairfield county area drivers arrested are as follows: Michael Lilturi, 47, of 43 Scofield avenue, Stamford, operating under the influence of liquor; Ronald J.

Carley, 34, of 155 Meadowside road, Milford, toll evasion; Thomas S. Kristof, 22, of 9 Beau street, Norwalk, toll evasion. Also, John A. Wierzbicki, of 26 Jefferson street, Milford, toll evasion; David Bellos, 24, of 5 North avenue, Westport, soliciting rides; George F. Brocken- berry, 41, of 15 Rocky Hill road, Trumbull, failure to display current marker plate inserts.

ext meeting, Feb. 12 at 8 p.m., 1 a place to be announced. The association reported the 1 innual book fair last month "a I Teat success." I Proceeds will go to each 1 chool to further the cultural 1 urts program sponsored by the i issociation. 1 HMW INDUSTRIES SEES PROFIT OF $1 MILLION STAMFORD Jerome W. Robbins, chairman and chief executive officer of HMW Indus- ries, formerly the Hamilton Watch company, said here this week he anticipated a net in- 1 come of approximately $1 mil- ion for the year ended Jan.

31. 1 It would be HMW's first profitable year of operations in the ast three years. Mr. Robbins said these ngs represent an improvement of $3.4 million over the $2.4 million loss reported last year. The company has a tax carry- forward of about million, he noted.

HMW Industries' sales are expected to reach $56 million in lie current fiscal year, Robbins said. This would mean an increase of nearly $10 million over the $46.7 million reported for the year ended Jan. 31, 1972. SHIP MOVEMENTS NEW YORK (AP) Transatlantic passenger and mail ship movements: Arriving today: None. Sailing today: Stefan Batory, Poland; Topdalsfjord, Oslo; Visha Nayak, Bombay.

A i i Friday: Queen Elizabeth 2, Port Au Prince. a i i Friday: African Dawn, Capetown; Mosel Express, Havre. Tmmbull Grand List $316 Million; Higher Than 1971 By $6.4 Million By MARY JONES TRUMBULL The net taxable Grand List increased by 16.4 million, to $316,222,110, during 1972 despite tax base losses of $3.8 million due to state legis lation favoring certain owners and land acquisition by tax ex empt bodies, according to fig ures released today by the Tax Assessor's offir.e. The new Grf.nd List, up from $309.8 million in 1971, will produce additional revenue of $218, 197 at the current rate ol 34 mills, according to Wiiliarr Schiebe, deputy tax assessor less than a 1 mill increase ir revenue. Tax Base Depletions Public acts of the State Legis lature depleted the tax base bj $2.3 million favoring industria inventories, $321,048 favorinj commercial inventories and $77, 690 for farm and forestlancs, ac cording to the 1972 figures if th Assessor.

Land acquisitions during th tax list year from Oct. 1, 1971 Oct. 1. 1972 denlpteH Kscj by $1.1 million including assessments of $899,680 for 31 houses taken by the state in road construction projects; $142,670 in land purchased by the town; $88,590 in property acquisitions by the federal government for dam purposes and $34,900 in land acquired by a religious organization. These depletions were not computed in the gross taxable list of $352,872,320 which was further reduced by exemptions of $36.6 million.

Veterans ex emptions amounted to $4.3 mil lion while other municipal ant religious exemptions totaled $32.3 million. Rise Lower In Per Cent The Grand List rise for th( year fell below the 1971 increast described by the tax office a the "lowest in a decade." Th tax base grew by only 2 pel cent in the pasi icxable yea compared to 2.9 per cent in 1971 Most of the increase durini the past year was recorded ii new housing and building lots Despite the razing activities foi new roads, the town gained a ne and 115 new building lots, up to 10,430. Under the lists filed by the assessors, the new Grand List includes dwellings, outbuildings, building ots, commercial buildings, industrial buildings, acres, swimming pools, $676,640 in real property holdings. Personal property lists include motor vehicles, machinery, commercial furniture and equipment, commercial inventory, industrial inventory, horses, livestock, $2,460, cables and towers, and boats, $76,600. No Poultry Listed For the first time in the town history, the list carries no poultry for tax purposes.

Elderly exempt property is listed separately by the assessors since the state reimburses the town for the exemptions. The Grand List carries 489 properties with elderly exemptions assessed at $457,862, represent- I ing an increase of 45 more ex- over 1971. CONN. MOTORISTS NOW YOU NEED INSURANCE TO DRIVE IN CONNECTICUT! Bodily Injury $5,000 Property Damage 000 Uninsured Motorist 5,000 No-Fault Benefits FOR YOUR INSURANCE CALL 335-5189 BOUCHER AGENCY, INC. 1001 Main St.

(Room 32), Bridgeport, Conn. REAL ESTATE COURSE GIVEN BY THE COMMUNITY SCHOOL OF REAL ESTATE AT ANDREW WARDE HIGH SCHOOL, MELVILLE FAIRFIELD Tuesdays, 7:00 P.M. to 9:30 P.M. and at the Stratford Y.M.C.A., Main Stratford, Wednesdays 7:00 P.M. to 9:30 P.M.

OPEN REGISTRATION Meet! minimum requirements at ME forth by the Sute Real stale Commiirion WILLIAM COHN, Instructor For complete details, Telephone 372-2100 Paul Miller introduces the newest sport in Connecticut The Mazda Sport Pickup After you've seen our Mazda Spoil Pickup, you may decide your next car won't be a car at all. Like a lot oi other people, you may decide to gel a Mazda Sport Pickup instead of a second car. 4 cylinder, 1600 cc OHC engine. 1200 pounds hauling capacity. Stop by.

We've got sporting proposition for you. Paul Miller Mazda Paul Miller, Inc. Connecticut's First Mazda Dealer 2792 MAIN STREET, STRATFORD Cemtr Barnnm horn Town Hill Open Evenings Phene 317.2904.