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The Bridgeport Post from Bridgeport, Connecticut • Page 46

Location:
Bridgeport, Connecticut
Issue Date:
Page:
46
Extracted Article Text (OCR)

TWENTY-SIX THE BRIDGEPORT POST, MONDAY, SEPTEMBER 21, 1970. M'NAMARA BIDS FOR MORE AID COPENHAGEN (AP) 'World Bank President Robert -McNamara, former U.S. secre- 'tary of defense, said today that r'most countries are spending too 'much on defense and should shift to more foreign aid. "For the so called security of an ever spiraling arms race," he said, the world is spending $180 billion annually and the figures goes steadily up." Yet the rich nations, he went on, hesitate to keep on spending their present $7 billion on public development aid. Sees 'Incurable Folly' "That 20 times more should be spent on military power than constructive progress ap- to me to be'the mark of ultimate, and I sometimes incurable folly," he said.

McNamara's speech was pre- for the opening of a week-long meeting of the bank and the International Monetary Fund. McNamara also predicted a widening of the gap between 'rich and poor nations. By the "end of the century, he said, the average American will have an income of about $10,000, the average Brazilian $500 and the Indian $200. He denied that the birth control is an effort by the rich countries to kill off the poor ones. "It has one source ana one source only," he said, "the belief that without a slowing down "and control of the population ex.

plosion, the life awaiting millions upon millions of the pla: net's future inhabitants will be stunted, miserable and tragic." 1ARKET MOVES SLIGHTLY LOWER NEW YORK (AP) The stock market was slightly lower heavy trading early today. By 11 a.m., a half-hour after the start of trading, the Dow Jones average of 30 industrial stocks -was down 0.9G to 757.53. New York Stock Exchange was running two minutes at one point. Analysts Comment Advancing issues on the New York Stock Exchange led losers by a margin of 2-to-l. Analysts attributed the early advance to a reduction in its prime lending rate to per cent from 8 per cent by Morgan Guaranty Trust company.

The prime rate is the interest a bank charges its most credit-worthy customers, usually corporations. 'Morgan is the second large "bank in a week to cut its prime rate, and analysts said the move 1 could trigger a reduction across country. Investors look favorably on a prime rate cut because it could signal the beginning of an upsurge in capital spending by business. Prices on the Big Board's most-active list included Octi- Its a Matter of Money IMF Chief Asks Nations Weigh Wage-Price Curbs AP Wirephoto World Bank President Robert S. McNamara and his wife (right), chat with Denmark's National Bank Manager Erik Hoffmeyer and Mrs.

Hoffmeyer (left), Sunday during a reception in Copenhagen for delegates to the week-long meeting of the World Bank and International Mone- tarV Fund About 300 left-wing militants attempted to organize a demonstration against the former U.S. Defense secretary near the hotel but were controlled by police. Hew York Stock Exchange NEW YORK (A?) New York SlocK Exchange selected noonnprices: Sales Net AbbSLab 1.10 ACF Ind 2.40 Ad Mill's .20 Address 1.40 Admiral AelnoLii 1.40 Red AlcunAlu 1-20 AllegCP AltegLud 2-40 AllegPw 1.32 AllledCh 1.20 AlliedStrl. 40 Allls Cholm Alcoa 1.60 AmCyon 1.25 AmEIPw l.M Am Enko A Home 1.60 Am Hosp .24 AMetClx 1-40 Am Molars ANatGos 2.10 Am Photo -12 A Smelt 1.90 Am Std 1 ATT wt AmTT 2.60 AMF inc .90 AMP Inc .53 AncorpNSv 1 Arch Dan 1 .80 Ashld oil 1.20 Assd DG 1.20 Richfld 2 Alias Chem 1 Atlas Corp Avco Cp.6 Oe Avr.ct In AvonPd 1.10 Babck .50 Bait GE 1.8! BeotFds 1 Beckman .50 (hds.) High Low Last Chg. 20 625i 4254 --1 52 40'A 40 40'A 4 Vt 125 35 33'A -1 4 9S 27 a Wk 42 7 a 22'A 22 53 8V B'A 4 10 2954 Z9'A 78 20'A W4 54 5 2354 2354 54 29 ISA 15 15 54 39 53'A 52 52'A Vt 11 10'A 1054 1054 53 37 36'A -3654 54 99 1954 1956 19V: Vt 35 38 37ft 38 4 78 30'A 29'A 2911 --He 71 4I'A 4054 4054 Vi 24 3054 30'A VB 2 30' 30 30 Vt A3 60 59'A 5954 4 54 312 3154 31 Vi 31Va Vi 26 36 3554 3554 4 54 67 7Vi 6'A 7 Vs 65 a 59 10'A 91 40 257s 25! 20 J6'A 34 fe Vi 512 8'A 623 45 96 25v'E 25'A 25'A 10 AIVs Wh 47'A 56 7 62 22 21 'A 2P.i -r- Vx 3 25VB 25Va -t- Ve 2 15'A 15 15 -H 3254 32 3 A Vi DenRGr DetEdls 1.40 Det Steel Dlam Sham 1 Disney Diverslnd .36 DowChm 2.60 Dresslnd 1.40 DukePw 1.40 duPont 3.75e DuqLt 1.66 DynaAm.

20p East Air Lin EasKodqk la EatonYa 1.40 EdilinMf .52 EGS.G .10 EIPasoNG 1 EltraCp 1.20 Emer Elec 1 Essexlnt 1.20 Etnyl Cp .84 EvansP FolrchC .50 Fair Hill Fedders .40 FedDeptStr 1 Firestne 1.60 Fst Chrt 2.291 Flintkote 1 Flo pow 1.60 FlaPowLt 2 FMC Cp .85 FoodFalr FordMot 2.40 .80 169 26'A 24 2354 4 36 HO 56 12 2454 29 Hi 58 13V. 32 20VB 28'A 23'A 23'A 35 36 545.J 5454 --1 24A 24'A 254 K't Petroleum, continental off at Investing, up Trans- Whittaker, up at and Plessey up at CONNECTICUI INDUSTRIES (F. I. duPont, Glore Forgon ana Co.) Bio Asked Acme Shear Allied Products Arrow Hart Heoemon Associated Spring Burden Corp Dictaphone Corp Chessco Ind Emhart First Conn Frouge Handy Horman TRW 1 Peler Paul 1 Stanley Works Veeder Ind i Vitramon Sanitos Service Corp 'jf Roger HW 12W (Present dlvidenfl rate on these com ponies fivailablp tram Your DroKEr.t 29'A 2V. 2'A 18V: 19 34 34'A 23'A 2354 43'A 43'A 42'A 43 2'A 254 Beth Stl 1.80 Block HR .56 Boeing Co .0 BoisCas -25b Sordsn 1.20 BorgWar 1.25 BrlstMy 1.20 Brit Pet Brunswk .10 Playthings Full Line Franchise Store 16 Daniel Milford Downtown near the Capliol Pacesetter East Open Doily 9-6, Fri.

V-9 BucyErl .20 Budd Co .20 Bulova .60 Bunk Ramo Burl Ind 1.40 1.77C 29'A I Burrghs .60 Cgl Finonl CompRL .450 CampSp 1-10 CarrierCp .60 CarterW -40a CostleCk CoterTr 1.20 CelaneseCp 2 Cenco Ins .30 Cent SW 1.90 Cerro 1.60b Cert-leed .80 CessnaA -80b Ches Ohio 4 ChlMil SPP Chris eft Chrysler CITFIn 1.80 CitiesSvc 2.20 ClorkEq 1.40 ClevEIIII 2.16 CocoCol 1.44 Colg Pal 1.30 ColllnsR Cololntst 1.60 CBS 1.40b Colu Gos 1.63 ComlSolv ComwEd 2.20 Comsat Con Edis 1.80 ConFood 1.10 ConNalG 1.8B Cons Powr 2 ContAIr Cont Con 1.60 Cont Co 2 Cont Oil 1.50 Cont Tel .80 Control Data CorGW 2.50a Cowles Com CoxBdcst .30 CPCIntl 1.70 crouseHind 1 CrowCol 1.07f Cork CrwnZell 1.60 Cudohy .681 CurtlssWr .60 OanRivr Dart Iri DaycoCp 1.14 DaytnPl- 1.60 Deere Co 2 DelMnte 1.10 I Delta Air .50 73'A 1954 1954 -29 27 27 Vt 79 29'A 29V 29'A 4 17 24 26 --1 11 11 11 II 4 Vt 14 35 3454 3451 Vt 25 25 7 25'A 25'A Vt 52 47 7 A 46'A 46'A 97 22 22V. Vi II 651 41 84 18V4 1754 1754 76 46'A 4544 45'A 4 Vi 23 24 2354 24 75 25Va 24'A 24 7 A 4 71 56'A 55V4 55'A -19 9'A 48 16 7 16'A 1654 Vt 8 20 1954 20 Vs 6 854 854 814 4 Ve 23 mi 19V. 1954 Vt 66 954 9Va 54 396 3954 Vt 73 2S'A 28 23 X62 109J1 --3 107 8i'B 9Va 2654 Va 10 2754 2754 Va 17 34 3 IB 16 1554 15.i a 6 24'A 24 24 49 3454 34V'a 34'A 8 57 57 57 81 35Va 35 35 -7 4Va 20 18Ve .7 7 18 -t- 9 2051 204 205.4 -50 16 15 16 24 8'7j 654 Low Close Soles Nell 1 15V1 15'A Vt 31 18'A 1 13'A 13'A 13V2 74 1854 18Vz 18 3 A 4- Vt 40 112'i 1C? 28 '1054- lOVa 54 8 57Vi 56'A 57'A 45 cS5i 68'A Vi 27 31 Vi 30'A 3051 11 22 2154 2H4 56 121'A 119V2 119'A Vi 13 21V4 2TO 'A 20 6 6 Vt 72 16V4 15 3 Fret .80 20 S'A 11 311 2654 26 --1 17 3954 39'A Va 22 Va 8 29'A 27'A Va 6 25 7PA 71'A 71'A 15 4054 39 39 7 Vi 70 16 15'A 15'A Vt 25 35 7 3554 35 7 14 59 31 7 30 7 30 7 -f 81 33 3254 32Vi 18 21H 21 21 Vt 25 34 3 A 3454 3454 Va 25 4234 42Vi Vt tO 23'A 23'A 23'A 7 35 7 14 28'A 11 33 32Vj 33 21 10'A 9 77 40'A 3S 3B 3 .1 8 35 24Sa 3454 87 24'A 24'A -'t 26 22'A 22 2214 Vt 104 43Va 41 4t'A --1 5 185 185 185 57 3V 4 16 3 16Vx 16'A Va 13 29 2854 28.4 Vi 12 22'A 12 13 A --1 94 16Va 16 16 38 32 31 7 31 7 Va 1VM 1154 1154 31 12 ll'A 12 54 7 8Ve 8Va 4 "a 59 3254 32 32 H- Vt i 1554 15V 12 22 21 A 21W Va 11 33 7 335. 3354- Vt 42 22 7 2254 Ve 26 28Vi Wi nVt PENSION-PROFIT SHAR9NG THRIFT PLANS DESIGN INSTALLATION ADMINISTRATION WILLIAM F. CONNELLY INC.

1070 PARK BRIDGEPORT TEL. 347-1961 CORPORATE 5ELF EMPLOrED MlnnPLt 1.20 MobHOil 2-40 JUohosco" 1.10 Monsan 1.80 MontDUt 1.78 Mont Pw 1.63 57 65'A 1 2 2354 Vt 21 1574 15'A 15Va Vt 24 16'A 16'A 5 24'A 24 38 5SH 57'A 19 2754 38 2054 20'A '5 375i 3754 3754 Sll 13 10'A --154 'A Not Con .45 Pubiklnd rruehCp 1.70 GAC Cp 1.50 .40 am Sko 1.30 Dyn Gen Elec 2.60 Gen Fds 2.60 Gsn .88 GcnWlot 2.55e GPubUt 1.60 Tel El 1.52 Tire Ib Genesco 1.70 Ga Pac -80b Gerber 1.20 GettyO 1.06C Gillette 1.40 Glen Alden Global Marin Goodrkh 1.72 Goodyear .65 GraceCo 1.50 GronlteC Stl GrantW 1.50 Gt A8.P 1.30 Gt West Fin! GtWnUnit .90 Greyhound 1 GrummnCp 1 Gulf Oil 1.50 GullStaUt .96 .50 Halllburt 1.05 Harris Int 1 HecloMn Here Inc Hew Pack .20 HoernWal .90 Hoff Electrn Holldylnn .22 HollySug 1.20 Homestke .40 Honeywl 1.30 HousehF 1.20 HoustLP 1.20 .70 IdahoPw 1.60 Ideal Bos .60 III Cent 1.14 Imp Cp Am INA Co 1.40 IngerRand 2 ill 2 Ir.tr.klnc 1.80 4.80 IntHarv 1.80 ir.t Int Nick 1.20 Int Pop 1.50 Int TT 1.05 Iowa Beef 1.36 Itek Corp Jewel Co 1.50 JohnMan 1.20 John John .32 JoneLau Jostens .70 Joy Mfg 1.40 Kaiser Al 1 Kan GE 1.40 KonPwL 1.26 Kaly Ind KoyscrRo .60 Kenncolt 2.60 KerrMc 1.50 KimbClk 1.20 Koppers 1.60 Kraftco 1.70 Kresge S5 .44 Kroger 1.30 LearSleg .50 LehPCem .40 Lefi Vol Ind Lehmn 1.70C LlbOFrd 2.40 Libb McN Llga My 2.50 Lin3 TV Litl .501 Lockheod Air .13 LoneSCem 1 Lor.eGGO 1.24 LonglsLt 1.34 Lucky St Lukens Stl 1 LVO Corp LykeYno Mncke Co .30 Mocy RH 1 Mad Fd 1.84e Magnvox 1.20 Marathn Morcor .80 Mar Mid 1.70 MartlnM 1.10 MayDSIr 1.60 Moyloq 1.10 McOonnD .40 McGHIII .600 Mead Corp 1 MclvShoc .75 Merck 2a MOM Mlcrodol -30e 45 32Vs Vt 16 35J.4 35'A 3554 25 45'A 45 45'A .38 43V 42'A 42'A 54 16 2554 25Va 2554 'A 18 49 49 49 -f- Vt 21 64 7 ,4 64Va 6454 Ve 141 215i 21'A 4- Va 11 155i 15'A 15'A 'A 112 49ft 4954 4954 46 20'A 20'A 20'A Vt 28 16'A 16'A 4 Vt 26 26'A 26V4 212 25 7 2354 2354 --154 84 12Va llVi ll'A 54 20 27'A 2754 Vo 10 IBVi 18Vi 18'A Vt X57 8054 81Va 21 78 76'A 76'A 'A 16 2T 7 27'A 27'A -(- Vs 205 72V4 7254 Vt 39 20'A 20 20Va Va 82 273,1 2754 -f Va 833 17'A 17Va 17'A Vt 9 215i 21'A 21 3 A Vs 127 5254 5254 5254 5 37VB 36'A 36'A 60 6251 4214 Vt 32 43'A 43 17 7 6 7 15 14'A 13 7 14 Vt 23 2654 85 28 VVt IK't 38 30 30 Ve 3 105. 1054 1054 65 4554 45Va 4554 6 2754 2754 275a 195 22'A 2054 21 54 16 23 19 14'A 1454 1454 Va 49 16'A 16 7 54 60 2554 26'A 2654 'A 105 2154 21V. 21Vi VB 125 17 17 273 3354 51'A 51 33 --1 51 Vt 5 27'A 2654 27'A 15 3B'A 38 36 25'A 2454 2 2354 2354 2 Reoding Co RdgBotes .25 RelchCh .50 Repubstl 2JO Revlon 1 Reynlnd 2.40 ReynAiet 1.10 RonnSel 1.23e Rohr Cp .80 RoyCCola .54 RoyDut 1.03e RyderSys .50 Safeway 1.10 JtRegisP 1.60 Sanders -07p SbFelnd 1.60 SanFelnt 1.30 Schenley 1.40 Schering .80 SCA1 CP Scott Paper 1 SbCLlnd 2.20 Seorl GD 1.30 SeorsR 1.20o Shell Oil 2.40 jherwnWm 2 SignoICo 1.20 SlngerCo 2.40 smith KF 2 SCar EG 1.25 SouCalE 1.50 South Co 1.20 SouNGas 1.40 Sou Pac 1.80 Southrn Ry 3 Spartans SperryR -50e SquareD Squibb 1.50 Std Kollsman StOIICol 2.EO StOIIInd 2.30 SI01INJ 2.70e StdOllOh 2.70 St Packaging StouffCh 1.80 SterlDrug .75 SlevensJ 2.40 4 4- 'A 84 30 7 30 7 7a 5i 1 16Va 16Ve 20 235i 23'7e 4- Vi 63 B6'A 87V2 'A 7 38'A 3B'A 3B'A 4 'A 74 40V'J 40'A 40'A 'A 23 15 14'A 1454 Vt 16 2754 2754 2754 4- Vt 33 12'A 7 7a 4 8 255a 25Va Vi 194 70 30'A 1154 1154 29'A 30 4 7 3754 54 24'A 14 37 7 ,4 375i 27 24Ve 24 1 23 7 23 7 23 7 Va 207 28054 274 275 --S'A 48 23'A 23'A 2354 133 ll'A 1054 1054 112 40'A .40 40'A 35 35 34'A 34'A 350 43 4254 5i 42 24 7 24 24'A Vj 14 20V 20 Vt 85 3754 35'A 35'A --Hi 7 4254 42'A Vt 104 3654 35ia 36Va Vi 16 5254 52Vs 54 4 10 7 10'A 10'A Va 2 21 21 29 39Va 53 3i'A 2 22' 23 21 'A ends.) High Low Close Chs Sales 1 175i 17, 3 A 17'A 101 5054 495. 49'A 9 2fl4 47- 3454 34'A 3454 -3 30 29'A 12 30'A 26 3Hi 31'A X32 5 30'A 30 30- 17'2054 20'A 8.5 1554 15 15V4 SO 4554 45 45 -74 '2054.

20'A .2054 3 6'A 6'A 6'A -6 IDi 17'A 1754 2 265i 2654 1 36 36 36 1 lift 12- 2254 2254 22'A 1 13 13 13 26 2354 22V 22 7 5 49 27 26'A 26 7 2 S'A S'A S'A 36 2754 27 27 -5 9'A 9Vi 20 27'A 27V. 27'A I 59'A 59'A 17 42 42 46 2654 26'A 2654 28 S'A S54 554 24 18'A 17'A 18 -5 12'A 12'A 125i -41 44Va 44 44 -18 31 3 .4 30'A 30'A 3 90 30 2954 7 2454 21'A 245's 4 35'A 35V. 35'A -I- 9 12 7 ll'A 1154 5 ISVa 18 V8V. -I- 6 28 7 28'A 2B'A 1 2354 2354 2354 13 5454 54 40 14V. 1354 13 7 10 24'A 2654 2654 9 3254 32 32 7 47'A 47'A 92 66 3 A 6654 25 44'A 44'A 11 36 35'A 36 46 1654 16'A 16'A 11 6H4 6554 6554 3 45'A 45'A 45'A 4 26V 2654 24'A '11 2414 69 -227.

22'A 22'A 7 55 54'A 54'A --1 21 29'A 2954 -f 6 5154 51 3 A 51 3 A 71 7'A 7 7 -115 24'A 24V4 2454 -13 22V. 21'A 21'A 3 6D'A 60'A 60'A -5 41'A 41Ve 4154 -II S'A 8 8'A 68 44 44'A -12 4454-4454 46'A 181 65'A 44 65 -Vi 13 66 45 65'A -1- 'A 16 8 8 8 23 3454 33ft 33 7 By JOHN GALE COPENHAGEN (AP) The managing director of the Inter- ational Monetary Fund told the Vorld Bank's annual meeting oday he hopes the United tales will strengthen its bal- nce of payments position by vorking to eliminate inflation nd restore price stability. At the same time, Pierre-Paul chweitzer, chief official of the 16-nation body, proposed that iilation-hit industrial countries onsider instituting wage and )rice controls. The French IMF chief did not pecifically 'single out the Unit- id States in exploring this idea, but declared that wage and price controls may be.particu- arly useful in tackling continued cost-push forces "at a time vhen fiscal and monetary policies have stamped out excess demand and the economy is operating below capacity." Summarizes U.S. Plight This summarized the current situation in the United States and left the implication that Schweitzer was directing his 1 remarks to others.

Washington, among In a speech prepared for de- ivery to the opening session ol the Bank annual meeting, Schweitzer underlined the importance to the international monetary system of obtaining a sustained improvement in the U.S. balance of payments position. "Until the payments positior of the United. States is broughl nto balance," he said, "it important that the deficit should be financed by the "use of U.S reserve assets to the extent nee essary to avoid an excessive ex pansidn of official holdings of dollars by other.couritri.es." While noting ing" recent signs in U.S. and Canadian price developments Schweitzer over-all stabilization efforts against stubbon inflationary momentum ha( met with some disappointment "In both countries wage set tlements are still, running: sub stantially.

in excess of norma productivity growth and the task of economic managemen is clearly difficult," he de clared. Cites Stability Effort. He added: "The United States and Canada will need to perse vere in their protracted stabili zation efforts--with particular care in the current situation economic slack to avoid exces sively expansionary policie: that might 'nullify the progresi already made against infla tion." Schweitzer noted, that during the first half of 1970, price increases in industrial countries were the largest since the Ko- ean War two decades ago. He cautioned national authorities to "attach a very high priority" to programs aimed at arresting the trend. Schweitzer Said it was "unfortunate" that some industrial countries, by coping with such problems, had not given devel- assistance the high GETS Y.P.

POST Frederic B. a' former Bridgeport executive, has been named to the new position of ice president-marketing for he Knitting Machinery division North American Rockwell at Reading, Prior to joining North Rockwell, Khqli was jxecutive vice president- and manager of totel Sys- ems an electronic con- rols manufacturer here. He also served" 19 years with General Electric Co. in various iroduct planning and market- ng capacities. Mr.

Khali, joined General Electric following graduation rom the University, of Wisconsin with a degree in electrical engineering. In his new assignment, he has complete marketing respons- bility for all Knitting Machinery division "North American'- Rockwell, the 30th largest industrial corporation in the 'United' States 'a major producer of automotive components, machinery advanced electronics, space systems, civilian and aircraft and fiber 'glass prod ucts. 12 SurvyFd Swift Co .60 Systron Donn Tompa El -80 Tektronix Teledyn 1.09f Telex Corp Tenneco 1.32 Texaco 1.60 TcxETrn 1.40 TexGSul .60 Texaslnst .80 TexPLd Textron .90 Thlokol .40 TlmesMlr .50 Timken 1.80 TronsW Air; Tronsltron TriCont 2.45e Inc 1 Twen Cent UAL inc 1 1JMC Ind .72 Un Carbide 2 Un Elec 1.28 UnOHCal 1.60 36'A 3554 3554 'A 2 3254 32V. 3254 -f V4 38 54 53V4 54 1 46'A 46'A 46'A 2 5Va 5 5 7 24'A 23'A 23 7 30 10'A 10 10 VB 1 23 7 A 2354 23 7 31 30 29 29 --VA 119 205i -591 17'A 1754-54 18 20V 20 20 199 30'A 29 7 30 'A 32 35'A 35 35Va 128 17'A 17 17 --Vi opment priority it deserved. At the same time, he welcomed the declaration by a large majority of donor governments in Tokyo sessions last week that they were in agreement" with the principle "of untying development is providing them to developing countries without imposing reciprocal 77'A 77V4- 2 17 17'A 2 22 7 22'A 22 7 4 954 9'A 9'A 5 31 33'A 34 27'A 27 27 Va 31 14Va 1454 Va 27 S'A SVe S'A 16 2654 26V! 24'A 2 34'A 34 34 22 10'A lOVa 10'A Va 111 18'A 18Va 1BV Vt 4 ll'A ll'A Ve 19 38'A 3754 Vt 20 4 205 36 -1 205s 56 3254 32 1 27'A 27'A 74 49'A 4854 47 13V.

12 7 A 90 15'A 14'A 24 4Va 4'A 8 1654 16'A 8'A 96'A 32 13V4 Un Poc Cp 2 Unlroyal .70 UnitAirc 1.80 Un Brands unit Cp l.OSe Unit MM 1.30 1 USGycsm 3a US Indus! .50 US PlyCh .84 US Smelt Ib US Steel 2.40 UnlvOPd .60 Univsty cmp 1 Upiohn 1.60 Varion Asso Vendo Co .60 1.12 Wachovd 1.20 warLom 1.20 54 18'A 1854 32 36 35'A 36 VB 12 40 6 16'A 14 16 15 35V1 3454 35 14 20 15 15 10 Wt 9'7e 23'A 23'A UAW IS READY TORENEWTALiS DETROIT (AP) fop off! cials of Auto Work ers returned to Detroit today to prepare for a resumption of con tract talks with strikebound General Motors Corp. The negotiations are to re siime Tuesday, the start of the second week of the strike. There have been no national-level ne gotiations since contracts be tween GM and the UAW expire! at midnight last Monday am the strike by 344,000 auto work ers began. Leonard Woodcock, presiden of the UAW, told a national tele vision audience Sunday tha there is settlement in view." 5-Day Tour Woodcock, Irving Bluestone codirector of tie union's GM de partment, and other top official spent most of the past five-day touring the nation and meetin, with local union leaders. The purpose of their trip wa seek rank-and-file support fo he strike, discuss strategy wit he local officials and get nego iations on local in-plant issue Woodcock has Said'that loca disputes at virtually all of th .55 bargaining units must settled before the union will back to work nationally.

Thes local issues range, from th jlacement of cooling fans alon assembly lines to the speed a which those lines move In 1967, when national con tracts' last were negotiated, th ast local settlement at GM Wa not signed until one year an nine days after the start of bar iaining. Nationally, when negotiation broke down, the union and G1V were 25 cents an hour apart the first-year wage increase The average hourly wage of GH workers under the old contrai was $4.02. 20 17 27 38Vs 70 17 214 23 tS 12 37 31 24 28 35 7 U'h Vi 6,8 38V, 33Vi ft 16Va 16'A -T 22V) Vl HVi ll'-i 24 'A 23 18 23'A 21 33'A 32V 33' 'A 2 mi 28 Mi 16 TO 7 7 tt 3 954 VB 17 29 29 19 18 28 325i 32V, 54 85 29V, 2SV8 28V, --1 16 27 26 24i4 Vt 11 37V, 37V, 36 15V, 15Vs 15V, -3 .4 9 IVh 'A 15 31V, 3U4 31V. 41 19i4 113 15'i 15V; 12 16 IS'A UVi 'A 1 1 35 34Vi 49 84V, 84 Va 29- K'' -Ki 16 12 12 16 23V, 23 3 ,4 23V, -I- Vi 63 17V, 85V, Vi WashWP 1.36 Wsln Air Lin Wn Bane 1.30 WnUnlon 1.40 WeslgEI 1.80 .80 Cp 1-60 1.68 woslwlh 1.20 Xerox Cp .60 Zoic Corp .64 ZenllhR 1.40 13 5754 5554 57'A -HV. 39 1654 16 16 3J, 29 29 2 9 5 4 14 26Ve 24 26 'A 100 3151 31 31 VB 'A 9 26'A 2554 26 56 79 25'A 2S'A 7554 'A 13 48V 48V.

4154 'A 147 15 14'A 14'A --154 7 13'A 13Va 13'A A 67 2054 20Ve 2054 Vt 32 63'A 63'A 43 3 A 4 'A 11 19 A 19'A 19Vi 54 5 1254 52 3554 3554 35Ya 11 34V. 33'A 34 'A 70 48'A 67'A 67'A -3 A 267 53 5254 218 61 60 61 41 14 15'A 15'A 15'A 4 'A 373 S'A 8'A Vt 5 3H4 4 V. 89 3354 4 3V 81Ve 80'A 'A 4 31'A 31 19 33V. 33 33 LOCAL INDUSTRIES (From F. I.

dupont, Glore, Forflun Co.) Dlv. Aerosol Bid Aikod .94 llorycy Hubbcl .96 Harvey Huhbcll 'Cl' Foremost I.SOnayDcslos Inc l.lfl Pi'mlnolon Arms 2.70 Slnfer l.6'l Aircraft 1 Val' Corp ol Am .90 wornaco .60 Willie Consoliuulcd 12 46 66' 3S If a 23' 14'A 14'A 11 SHIP MOVEMENTS HEW YORK (AP) Transat lantic passenger and mail ship movements: Arriving today: Olympia, sea STATE'S ASSETS BCKMD AT FAIR Connecticut Has a Booth at the Eastern States Exposition A variety of attractions, rang- ig from snowmobiles manufacturers, re appearing aUfflietCqnhecti- ut Development ooth at the Eastern-States: ex- osition. They will be on hand to promote Connecticut and Connecti- ut vacations at the fair, -which uns through Sunday in West pringfield, Mass; J. The commission's exhibit will e. one of some 15 displays vying or the attentions ofevisitors to ie Connecticut 'building at the xpositioru In addition Jo pro- iding its own promotional ex- ibit, the' commission manages he other xhibitors and providing man- gement services during the ten- ay event.

A'huge red and white striped wning will top ibpoth. Under eath, on 'the be-a tage that will, be used a eries I of one-day, Or he left 1 will be a Connecticut ravel information center. Members of the festival theater of ap learing in period costumes; lasl 'riday provided inform'ation or he company's-. 1971. -Season.

On Saturday, teaijers of the Southington Apple Harvest Fes ival described the state's apple ndustry and samples of Sunday, celebrants'jof Suf ield's 300th ed of 300 years ago offered information about the own, especially its' tobacco dustry. Members of Simsbury's 300th Anniversary 'committee also dressed in period 'costumes, today are providing similar in "ormation about Simsbury. This week's schedule is as fol ows: Antique dealers France 3 hipps and Betty. Forbes answer questions about ri antiques anr 1 antiquing'in Connecticut. Wednesday the Connecticu Restaurant, association will pro vide on dining op portunities in the state.

Severa will demonstrate their skills. Also on hand will be th association's "Miss Hospital Thursday, the Connecticu Charter Boar association wil iromote salt water fishing Connecticut waters. The associa lion's "Miss Bluefish" of 197 will attend. "Friday, the 'Connecticut Hole and Motel' association' will poin out what there is to see in Con necticut and where to stay. Saturday, the Connecitcu Jnowmobile association wil demonstrate a variety of equip ment and will provide informa tion about clubs and rallies.

Sunday, the Automobile Club of Hartford, which is affiliated with the American Automobile association (AAA), will provide information about autumn tours, GULF 5 OIL TO BECOME DISNEYLAND PARTNER Oil prppmtion'will become a major pdnsor' and partner of Disney- and under terms of an agreement announced, today. will also become the ofnV ial. petroleum products sold at oth the 15-year-old Disneyland, alif. park.and the Disneyworld, ear Orlando, scheduled to pen in. 0ctober 1971.

7 the largest 'Anierir an coiwratipri, has been affiii- Ud for some years, has a sponsor, of the 'Wonderful World of Disney" envision program and has dis- ributed Disney. Magazine at its ervice stations. CARRIERS FACE F1RE1JNIPES WASHINGTON (AP) The administration, having Bankruptcy Court Pemtons filed with )he U.S. District ourt and assigned for hearings ihat are be scheduled before Referee Robert Trevethan In- Room 319, Federal ourthouM, 915 Lafayette boulevard, at tate as follows: Scan Graphics corporation (Connecticut orporatlon) and Scan Graphics, corpora- Ion (Delaware, corporation), Lincoln venue, Stamford. (Schedules of llablll- ies and asseis-to be filed).

Bernard- E. Plunkett, 150 Rocton ave- Ue, truck driver. Liabilities, 'assets, Dave Pleasant, 39 Waller place. Bridge- part, Liabilities, 5MIO; 's, $207. D.

Perry. Barnum Iibtel, Bridgeport, truck driver. Liabilities, assets, $240. Robert L. Williamson, 766 Orchard (reel, New Haven, stock shaper.

Llabtl- tfes, assets, John and Gertrude Fulcnt, 54 Black ock avenue, shop worker nurse's aide. OS Hi)no Bua, 1000 Notch road, Cheshire, waiter. Liabilities, assets, $1,160. Samuel P. and Geratdine A.

Plowrde, 295 Walnut Warerbury, production worker and Liabilities, $164,894 assets, Chapter XI debtor proposal by French Restaurant, doing business as Maud Elle restaurant, 323 Main street. BANK STOCKS (Cirreau, Smiln, Inc.) DiV. Conn Fin Serv-Cp QM- 1.20 Conn Nt Bk QM Bid Asked 18'A 20'A 19 20'A Lafayette 80 Lafayette J5 trust moved. to bar a threatened rail strike by four unions Sept. 24, has acted to avert another one called for the same dayi Secretary tabor, James Hodgson said a.

meeting was set Tuesday. United Transportation' Union to solve a long-standing dispute over firemen. The Transportation Union was among four 'barred from striking over pay. issues Sept. 24, but said the, weekend a'strike would start at 12:01 a.m.

on that date, if the firemen question isn't solved. Asst. Secretary of tabor W. J. Usefy will head the government mediation team on the 1 firemen sue.

A 19.63 law allowed carriers to eliminate about 90 per cent of the firemen riding i but the law has now expired and the union wants to get them back aboard. INSURANCE STOCKS Conn Gen Life 58V. STORAGE? call MOORE MOVING STORAGE, Inc. 334-9439 motltrB lloriit. Itnltt Md Iniurtd vnnhouif.

Ucal tnd niilnt. FlM Mtimatei. OFFICE SPACE in Bridgeport, Connecticut LAFAYETTE PLAZA TOWERS purchasing obligations. Another Key Question On another key question facing the conference, Schweitzer indicated there would be no final decision in Copenhagen on whether currency exchange rates--now permitted fluctuate one per cent either side of a fixed parity--should be made more flexible. Various draft proposals under review call for'small and grad-mitting that its collections of ual changes in exchange rates slightly wider margins around parity and temporary deviations from the parity value requirements.

The proposals are aimed at lessening the upheaval brought about by sudden or large devaluations. On Sur.Jay, about 300 leftist militants hurled stones and gasoline bombs and clashed, with police outside a hotel where Robert S. McNamara, president of the World Bank and former U.S. secretary of defense, was attending a reception. McNamara slipped into the hotel by a back entrance ant left the same way, unnoticed by the demonstrators.

The earth is jn its onbit around sun at a speed of nearly 19 miles per second, town streets are adequately lighted, the bureau reports. PUBLIC UTILITY STOCKS (Corrvau, smlln. Dlv. Bid Asked Cnlrl Vt Pub Svc QF US IS'A- 11 Conn Water QM 1.04 12 Hydraulic Co OJ New Ens 6E QJ 1.16 15'A 16V. New Haven Water QJ J.OO SBV4 Northeast.

Utilities 12V4 Pub Svc Hamp QF l.M SO Conn Gas QJ 2.24 2fi 2B Southn NtTele QJ 2.60 34te 36'A Transcnt Cos Pipe QF 1.12 United Ilium QA 2.00..56% Justice Dept. Won't Resort To Private Debt Collections WASHINGTON (AP) The Justice Department, while ad- debts owed the federal government year, says it won't resort to private bill col- a matter of getting the lectors. "It's not goin; out just and bucks," said Leo Pellerzi, assistant attorney general for administration. "You have to have justice," he said. "We're not going to throw old people but of their homes or cause families to disintegrate or put people on welfare." Will Strengfheri Steps The department will strengthen its collection procedures, however, through assignment of four field supervisors and an attorney in each U.S.

Attorney's office to supervise collections and regularly review uncollected debts. Pellerzi' said FBI reports will be made on debtors who haven't paid within three months. A House Government Operations subcommittee had suggested use of private collection agencies to get money owed because of fines, judgments and penalties. The subcommittee Was told a year ago that the Justice De'-! partment had collected onlyj about 42 per cent of $383 million in debts over a four-year period, and department report expected befor.e the within a.week i thf Greeks named this dropped from Jn New procedures are expected to increase collections to $59.3 million this budget year, Peller- zi said. The Justice Department is responsible for debts when it takes a case to court to obtain a judgment, or when it is collecting' fines or penalties levied in court.

cruise. Sailing today: Alice Torm, Las Palmas; Foldenfjord, Oslo; Olympia, Lisbon; Wachtfels, Khorramshahr. Arriving Tuesday: Raffaello, Genoa. Sailing Tuesday: African Planet, Monrovia; Djeddah. Hellenic Hero, PRESTIGE and a the extras too! An enclosed 2800-car parking garage adjacent to your I I office.

Banking facilities, restaurants are situated" directly below in New England's finest shopping mall. Lafayette Plaza. Also, you are seconds away from a New Holiday Inn and Federal Court House. AUTOMOBILE--One hour from New. York, directly off tho 2 Conn.

Turnpike af Exif 27. Your office 11 onfy minutes away via Exit ramps. RAILWAY Three short blocks from the Bridgeport Rail- I way Penn R.R. trains running every hour and half hour to and from New York and Boston. I AIRPORT A great airport Mohawk and Allegheny Jet aircraft eight minutes, away from your offices.

I Opportunity for you to absorb penthouse area. A once in a lifetime. opportunity fqr your company to have its name placed on the intryway to the office towers. Tons of your own air conditioning. IMMEDIATE OCCUPANCY LAFAYETTE PLAZA, 303 State Street Bridgeport, Conn.

(203) 366-3272 Because a comet looks jlong hair being blown by thej ilm fltvinlrt nnmr-rf this heavenly after their work hair. fiscal 1960 to $58.1 million in.fjs-i cal 1970. HAVENPIELD CORPORATION is pleased to announce the acquisition of the business and facilities of Emanuel. Deetjen Co. It will conduct its United States operations as Havenfield Corporation with offices in Hartford and New Haven, Connecticut, and Asb'ury Park, Flemington, arid Newton, New Jersey and its European operations as Emanuel, Deetjen S.

A. Lausanne, Switzerland, an affiliate of Havenfield. HAVENPIELD CORPORATION Memberi New York, American and other principal exchanges 120 BROADWAY, NEW YORK, N.Y. 10005 (212) 433-5300.

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About The Bridgeport Post Archive

Pages Available:
456,277
Years Available:
1947-1977