The Los Angeles Times from Los Angeles, California • 44

Wednesday July 6 1983Part IV Cog Anflelea SlmcB UNIONS FEDERAL HOME LOAN MORTGAGE CORPORATION (FREDDIE MAC TORTILLA: Prices Up 41 Now YOU have the opportunity to invest in FREDDIE MAC one of today's fastest growing capital market instruments MONTHLV Payment of Principal and Interest High Yields Guaranteed by Federal Home Loan Mortgage Corporation High Liquidity and Marketability No Interest Penalty When You Sell Ideal for Most PenslonRetlrement Plans If you have $10000 or more to invest let us explain what a FREDDIE MAC might be able to do for you Either call or mail the coupon today without cost or obligation The Commerce Department said the higher prices were part of an effort to reduce costly government subsidies on food and other products The new prices raised corn tortillas from 33 cents a pound to almost 47 cents a pound and white bread to about 13 cents for a two-ounce roll Other bread products were expected to have similar price increases The government last raised bread and tortilla prices on Aug 1 1982 at the start of an inflationary spiral and severe recession The government says inflation is now about 90 and expects economic growth to decline this year The Commerce Department reporting on an announcement published Tuesday in the Official Gazette said the price increases were necessary to avoid almost $500 million in anticipated subsidies for corn and wheat Continued from First Page affected by government price controls after a round of emergency wage increases and higher price guarantees for Mexican farmers issued last month The department said however it will hold off on anticipated price increases for gasoline and other fuels to minimize inflationary problems in the nation's recession -plagued economy The increases were announced two days after municipal elections on Sunday in five Mexican states viewed as a popularity test for President Miguel de la Madrid The conservative National Action party which has opposed government economic policy claimed victory in 12 cities including Ciudad Juarez on the Texas border De la Institutional Revolutionary Party disputed the victory claims and official returns were not expected until Sunday Call collect today for additional Information Los Angelos: (21 3) 820-1 030 Toll Free: 1-800-3527279 I Donald Sheldon Government Securities Inc I 1 1 7T7 San Vleente Les Angel California 00040 I PO Bex 400SI La Angola California 00040 a Mam Office One Wall Street New York 10005 Or mall the coupon it our eatlmated anticipated yield which it formulated baaed on our analyili ot thla particular paat parlormance and which In our opinion while not guaranteed otfere euch attractive potential The yield based on a 12 year average III using FREDDIE MAC standard bond yield table It 10 to Mew Yolk Los Angeles Honolulu 'Houston Miami Beach Pompano Beach Which Bank or Brokerage firm both advertises and delivers (in 10 to 30 days) the rates on its trust deed loans? CASE: Charges Dropped Reliable THE BOTTOM LINE DIFFERENCE INFIXED RATE EQUITY LOANS Fixed Rate HOMES2-4 UNITS Processing Time: 10-15 Days Continued from First Page centile wage The department said the change would save the government $600 million a year The appeals court panel held that the act gives the secretary of labor wide latitude to determine what the prevailing wage is in a geographic and that the 30 rule was too inflexible Acting on a petition by the AFL-CIO's Building and Construction Trades Department representing 14 construction unions and 41 million members US District Judge Harold Green last July blocked implementation of most of the revised Labor Department rules But the judge let stand the change in the definition of "prevailing and that provision took effect June 28 The decision Tuesday apparently clears the way for the Labor Department to put into effect other provisions in the revised Davis-Ba-con regulations Studying Next Step Robert A Georgine president of the Building and Construction Trades Department said in a statement that "our attorneys are now studying just what the decision means It appears that federal court judge Harold Greene has been reversed We are not exactly sure to what extent the appeal decision runs We shall have to decide when it is analyzed whether to ask the Court of Appeals for a rehearing in view of some recent Supreme Court rulings or whether to go to the US Supreme Court "We will very definitely take the next he said Another provision of the revised regulations upheld Tuesday dealt with the definition of who can be hired as less than a wages for projects covered under the Davis-Bacon Act The Labor Department would ease conditions under which helpers could be put to work Terry Yellig an attorney for the Building and Construction Trades Department said that change seems to be saying that going to bring in a guy who has been working as a plumber but you say times are hard I pay you at a rate but I can pay you as a then you go on as a helper at a lower (wage) Yellig said we could get a stay of implementation (of the overall Davis-Bacon revised rules) 1 really given much thought to that lv Trust Deed Loom $50000 )o S500000 2nJ Trust Deed loons $20000 to $500000 3TD toSSOOM Intrre! Interest Extendable Loans Fully 15 Yi Pvntt tVnt Amitunl 5Yr Term 5 Yr Term 10 Yr Extendable Loan Fully lOYrPymt ISYI Kt'W 5 Yr Term 5 Yr Term 7 Yr 10Yr Term of Loan William Hoover president of Computer Sciences said in a prepared statement that the dismissal of charges exonerates CSC of any William Lynch federal prosecutor on the case said the settlement provides for a continuation of special audit procedures set up in 1980 to assure the performance in federal contracts Lynch said only that the dismissal of charges was sought the interests of The company had $750 million in government billings in 1982 including about $30 million from sales of Infonet services Computer Sciences reported earnings of $179 million on revenues of $6949 million for the fiscal year ended April 1 TOTAL ESCROW APPRAISAL FEES: $37500 (Docs not include coct of title Insurance) Fixed RateNo Prepayment APARTMENTS (5 Processing: 30 Days Continued from First Pege he added The settlement closed the last and biggest case to grow out of a Justice Department investigation of alleged fraud and corruption within the agency In 1980 following the investigation of a special task force a federal grand jury in Northern Virginia returned a 57-count indictment charging that Computer Sciences rigged its computer billings to the agency The 57 counts included charges of false claims racketeering mail fraud wire fraud and conspiracy US District Judge Richard Williams originally dismissed the charges on Jan 7 1981 on technical grounds Three days later however the US 4th Circuit Court of Appeals reinstated the charges of false claims and mail and wire fraud Last June 3 a federal jury in Northern Virginia found the company and officials Luke and Allen not guilty of false claims and mail fraud Also found not guilty was Herbert Becker president of Icarus Corp a Washington DC-based firm that owned a computer -service product marketed to the US government by Infonet After that verdict Judge Williams had hinted that the remaining charges should be dropped by the government calling the dispute a Trust Deed loons $100000 to $2500000 2nJ Trust Deed loons $50000 to $1000000 3TD Interesl Only- Extendable Loans Fully 15YrPymts if) Yr liil Amortized 5 Yr Term 7YrTerm 10 Yr Extendable Loane 15 Yr Pvmts 'tOYY tVX 5Yr Term 7Yrrerm Fully 7 Yrs 10 Yrs Interest Yrs Term of Loam 13 13 3V 3V 3 3 $1146 $1146 $1000 $1000 1521 1474 1500 1460 Additional fixed rate 5 A 7 yr terms arranged at maturity at market rates for lcomm $15000 costs TOTAL ESCROW APPRAISAL FEES? $60000 (Doee not Include coat of title Insurance) Sahara Casino Parking Lot Purchased for $9 Million PHOENIX Paul Lowden has exercised an option to purchase for about $9 million a parking lot owned by Del Webb Corp The parking lot is located across the street from the Sahara Las Vegas Hotel and Casino which Lowden previously purchased from Webb Lowden also owns the Hacienda Resort Hotel in Las Vegas Reliable Mortgage Corporation Unparalleled Performance Since 1948 Oldest Major Trust Deed Brokerage Firm San Fernando it Si mi Valleya Thousand OaksOxnardVentnra 9H7 2234 Apt Loana: Ask for Jim Mclnerney 1S455 Bnrbank Blvd Tarrana Los AngelesSaata MonicsSoath Bay LaketeoodPasedeaa Glendale (21M) () 2r2! Apt Loans: Ask for Tom Galligaa 3600 Wllakire Blvd Los Anseles Orange CoLong BeackRivcraide Beacb Cities IrvinsSan Clemente (714) M4 0K21 Apt Loans: Ask for Dan Haston 2 City Blvd East Tho City 195 Orange San Gabriel ValleyPomona WhittierDonmeyAlbembre (21H) 7-7911 Apt Loana: Ask for Ray Paredes 110 Nortk Vincent Ave West Covina MA BELL WILLTHE PARTS EQUAL MORE THAN THE WHOLE? YfTD JVjvb Early next year normal trading begins on and its 7 new regional companies In a brand new report our analysts discuss the structural and financial changes wrought by the divestiture and how it will affect earnings per share growth and dividends The result: a specific investment recommendation For your free copy of this timely report call or write today 29 WAYS TO TALK TO NUMBER ONE Beverly Hills 213 858-4600 Century City 213 858-4700 East Long Beach 213 594-4771 Escondido 619 741-1212 Fullerton 714 879-4322 Glendale 213 240-7600 Hollywood 213 468-8100 Laguna Hills 714 859-2900 La Jolla 619 459-2311 La Mesa 619 697-4219 Long Beach 213 435-3771 LAWilshire 213 488-2334 LA6th Street 213 488-2611 Newport Beach 714 955-6000 Palm Springs 619 325-8611 Pasadena 213 356-2000 Riverside 714 686-2442 San Bernardino 714 884-9246 San Diego 619 235-7500 San Marino 213 285-0491 Santa Ana 714 547-7272 Santa Barbara 805 963-0333 Santa Monica 213 451-2591 Sherman Oaks 213 995-5600 Orange Anaheim 714 978-2770 Thousand Oaks 805 497-0390 or 213 889-2600 Torrance 213 540-6222 VenturaOxnard 805 659-1900 Westwood 213 470-7000 SAME OLD GUARANTEED HIGH INTEREST FOR 30 MONTHS TO 5 YEARS SAME OLD CHECK IN THE MAIL EVERY MONTH FOR 30 MONTHS TO 5 YEARS SAME OLD FSLIC INSURANCE GUARDING YOUR FUNDS FOR 30 MONTHS TO 5 YEARS NO WILDLY EXCITING INTEREST FLUCTUATIONS FOR 30 MONTHS TO 5 YEARS GET INTO A WESTERN FEDERAL GUARANTEED RATE ACCOUNT ENJOY TERRIFIC INTEREST AND TRANQUILITY TOO (Substantial penalty for early withdrawal) WESTERN FEDERAL Mail to Merrill Lynch Operations Center PO Box 6054 Inglewood CA 90312 Please send me your free research (Please print! Name Address -City State I Business Phone Home Phone Merrill Lynch customers please give name and office address of Account Executive BEVERLY HILLS 274-9151 COSTA MESA (714) 549-9141 ENCIN0 881-9712 INGLEWOOD 673-3820 LA CANADA FLINTRIDGE 790-8394 LA HABRA 697-6755 LOS WILSHIREFIGUEROA 629-4121 LOS 6th HILL 626-3717 LOS ANGELES-LARCHMONT 466-8477 LOS ANGELES-USC 746-5727 MARINA DEL REY 306-6600 MISSION VIEJO (714) 495-6250 NEWPORT BEACH (714) 644-7255 OCEANSIDE (619) 721-3733 OCEANSIDE TRI-CITIES (619) 758-1450 ORANGE (714) 637-3470 ORANGE MALL (714) 637-4582 PANORAMA CITY 785-3138 ROLLING HILLS ESTATES 541-0047 SANTA MONICA 393-9721 SEAL BEACH 598-8529 TORRANCE 371-6535 Merrill Lynch Merrill Lynch Pierce Fenner Smith Inc A breed apart 1983 Merrill Lynch Pierce FennerG Smith Inc Member SIPC 'Based on industry surveys reported in Financial World (Dec 1-15 1982).