Fort Worth Star-Telegram from Fort Worth, Texas • 28

1 Fort Worth STAR-TELEGRAM Monday Morning, March 6, 1972 IT'S ONLY MONEY Damper Needed Now to Cool 'Hot Issues' which is to say it is traded in, the open market. And since the buying interest was greater than the amount offered, the chances are strong that it will trade above the original offering price. "THIS BRINGS quick profits to those traders fortunate enough to have been able to buy at the offering price. And in the rush for! shares, the price often moves up so rapidly as to be unrealistic. Soon- er or later, they simmer down to a more reasonable level and those who bought during the upward rush are subjected to more or less heavy losses.

It has now been proposed that this speculative fever in "hot issues" can be curbed. The proposal has been made to the Securities and Exchange Commission that a new rule require that there can be no trading in a new issue until a "cooling off peri- GOP Governor Candidate Airs Party's Internal Strife AUSTIN (AP) David Reagan, one of six Republican candiates for governor, said Sunday he felt the first objective of most of those in the race is to keep the nomination from going to Sen. Henry Grover of Houston. Reagan called the acknowleged front runner in the party's gubernatorial campaign "an obstructionist" and "a professional aginner," on the weekly television-radio panel Capital Eye. "Many people feel that if Sen.

Grover were to receive od" has passed say a week or 10 days. The suggestion is worthy of serious consideration. If traders didn't face the prospect of being able to buy at one price, during the forenoon and sell for a profit in the afternoon, they, would be less eager to climb aboard the hot issues. And if others who now come into the market for the hot issues after they go out of syndicate had several days in which to consider the merits of the stock, they would be less eager to bid it up. THE RESULT would be a much more orderly marketing of new issues and a much lessened degree of speculation.

As the general market continues to advance, the new issue market tends to heat up substantially. During 1969 and 1970, when market prices, in general were soft, the number of new issue offerings declined and the response even to the few offerings was less hectic. Now that stocks in general are rising and more and more people are in the market, the heating up is appearing again. And now is the time for the SEC to act to put some sort of damper on it. FORT BUSINESS SS RE REVIEW VENETIAN BLINDS AGEE VENETIAN Co.

626-6679 1800 Park Place CROSS FLOWER SHOP Complete Wedding Service 3232 Friendly Lane 838-6811 831-1171 VENETIAN BLINDS AGEE VENETIAN CO. 926-6679 1800 Park Place EXPERT DRAPERY CLEANING TWO CONVENIENT LOCATIONS KITE'S CUSTOM CLEANERS 5408 Camp Bowie 732-6031 2737 W. 7th 336-1027 THE EXERCISE' MODERN WAY A Walton. BELT VIBRATOR IN YOUR HOME. TAYLOR'S RENTAL EQUIPMENT CO.

3302 W. 7th St. 332-5259 HYDRAULIC PUMP REBUILDING Factory Authorized for VICKERS- Industrial Mobile Commercial Shearing Stamping Co. Using Genuine Parts Only INDUSTRIAL AIR HYDRAULICS, INC. 3401 E.

Randol Mill Arlington BRANTLEY-DRAUGHON College of Business "1st In Fort Worth Since 1896" At West Freeway 1401. Henderson 335-1306 HAROLD MONROE Star-Telegram Financial Editor a company 'goes that is, offers its the public for the first time, the underwriters usually attempt to work out a price that will ensure a ready sale of the entire offering. But frequently, the price in rela- MONROE tion to the company's assets or in relation to its prospects appears attractively low to a good many traders. They therefore put in "indications of with the broker dealers in the underwriting syndicate. And often there are indications of interest in more shares than the total offering.

The broker-dealers then allocate the available amounts, sometimes on a pro-rata basis and sometimes to favored customers. In any event, the result is that the stock is quickly taken up at the offering price. Once it has been moved, then the issue "goes out of syndicate," HAROLD HAROLD By When stock to WORTH CROSS CATERING SERVICE Choice of Delicious Foods All Types of Catering 838-6811 838-9431 BROWN Carrier Perfect Pak for Conditiced BROWN Company, Inc. HEATING AIR CONDITIONING 332-3837 909 SO. SYLVANIA GORDON BOSWELL FLOWERS 1220 PENNSYLVANIA 332-2265 6200 CAMP BOWIE 738-9287 Where Familiarity breeds Content Groups, whether of 10 or of 1,000, receive the same courteous, efficient, Old World-style attention at Green Oaks Inn Cuisine by European-trained chefs 300 rooms, 2 pools, a club that's Fort Worth's No.

1 night spot. Fourteen meeting rooms, including ballroom seating 1,000 Mobil Travel Guide rates Green Oaks Inn worth a special trip." But really, our attractions speak louder than words. MOTOR 6901 WEST FREEWAY Interstate 20 West at State Highway 183 Fort Worth, Texas 76116 Hermann Jung, General 1 Manager PUMPS ALL SIZES YOU SAVE MORE AT WELL MACHINERY SUPPLY CO. 2901 Shotts St. Fort Worth ED 6-2391 SimpKing RED HOTS J.

254 3-6 1472 New Rial's Yurt Reset Noes ord "Pay attention, Simpkins!" PEOPLE IN THE NEWS Martha Promises She Won't Retire Star- Telegram News Services Martha Mitchell says that although her husband John, who stepped down to direct President Nixon's re-election campaign, may no longer be U.S. attorney general she has no plans to retire. "You're going to see more of me-much more," she said in Florida Pat Nixon planted a camellia named in her honor Saturday in the California state capitol park before hundreds of cheering Girl Scouts to open Sacramento's 18th annual Camellia Festival Edgar Barbee, 29, gobbled 96 ounces of strawberries Saturday to become berry eating champ of Hillsborough County, Fla. Trip Held 'Propaganda' FCC Commissioner Nicholas Johnson Saturday said President Nixon's trip to China was "a propaganda effort to make a President look good in an election year." He said the resultant "TV spectacular" is an example of how news events should be put into "perspective" Harvard President Derek Bok suffered a leg injury during a basketball game Saturday where administrators played editors of the Crimson. He underwent surgery A spokesman for Nationalist Chinese President Chiang Kai-shek's political party says he expects Chiang to run for a fifth term.

Reds OK Chess Sites The Russian Chess Federation indicated Saturday it would agree to two sites for the world championship chess match between American Bobby Fischer and Russia's Boris Spassky--Belgrade and Reykjavik, Iceland Helen Barr of Wilkinsburg, has filed suit in Pittsburgh seeking $40,000 damages, claiming she was bitten on the hand by an elephant during a promotion at Walsh's Bar and Restaurant Dr. Denton Cooley of Houston said Saturday in Chicago that heart transplants are not being used enough to prolong human life. No Action Rep. John Rooney, says the FTC has turned down his request for action against what he calls misleading Army recruiting ads The American Civil Liberties Union condemned a decision by the University of Vermont not to renew Prof. Michael Parenti's teaching contract for taking part in antiwar activities, and said the ACLU will give him legal aid Cleveland radio-TV personality Alan Douglas' wife, Barbara, was found dead Saturday in a car inside a closed garage.

Foul play was not suspected. TEXAS TV STATIONS for Monday 9) ABILENE 2:00 Another World 2:30 Br. Promise 3:00 Somerset 3:30 Movie 5:00 Death Valley 5:30 News 6:00 News 6:30 P. Wagoner 7:00 Laugh-in 8:00 Movie 10:00 News 10:30 Tonight 7) AUSTIN 3:00 Gomer Pyle 3:30 Green Acres 4:00 Big Valley 5:00 Tell the Truth 5:30 Cronkite 6:00 News 6:30 Dragnet 7:00 Gunsmoke 8:00 Here's Lucy 8:30 Doris Dav 9:00 Sonny Cher 10:00 News 10:30 Movie 12:30 News 11) LUBBOCK 11:30 Who, What 12:00 Report 12:15 Closeup 12:30 3 on Match 1:00 Days of Lives 1:30 The Doctors 2:00 Another World Mrs. Pence, 88, Dies in San Saba SAN SABA (Spl)-Mrs.

W. S. Pence, 88, died at a hospital here Sunday. She was a native ot Mason Dirt Gardeners Garden Club County and had taught Methyears. She was founder of the show judge and a flower snow odist Sunday school here 32 and was a national flower school instructor.

Survivors include a sister, Mrs. Betty Broom of Amarillo. Funeral services will be at 4 p.m. Monday at Howell-Duran Funeral Home chapel with burial in San Saba City Cemetery. CANADA'S RADIOS MARTHA MITCHELL NICHOLAS JOHNSON BOBBY FISCHER REP.

JOHN ROONEY Programs KRBC-TV (Channel 7:00 Today 9:00 Dinah's Place 9:30 Concentration 10:00 Sale of Cent. 10:30 Holl. Squares 11:00 Jeopardy 11:30 Who, What 12:00 News 12:15 Chappel 12:30 3 on Match 1:00 Days of Lives 1:30 The Doctors KTBC-TV (Channel 6:55 Farm 7:00 News 9:30 My Three Sons 9:00 Lucy Show 8:00 C. Kangaroo 10:00 Family Affair 10:30 Love of Life 11:00 Wn. Heart Is 11:30 Search 12:00 W.

World 12:30 As Wid. Turns 1:00 Splendored 1:30 Guiding Light 2:00 Secret Storm 2:30 Edge of Night KCBD-TV (Channel 6:40 News 7:00 Today 9:00 Dinah's Place 9:30 Concentration 10:00 Sale of Cent. 10:30 Holl. Squares 11:00 Jeopardy Ninety-seven per cent of Canada's 5.5 million households have radios. First Cattle Seminar Here to Be Tuesday Subject matter for a series of 10 one-hour weekly "Beef Cattle Seminars" was announced Saturday.

"A committee of 18 people selected the material and qualified specialists to present it, based on interests expressed at last year's seminars," explained Gene Graves, Tarrant County agricultural agent. Graves said the first meeting would be Tuesday with a discussion of "Beef Cattle Trends" by John L. Merrill, director of ranch management at TCU. The session will Army Under Fire For Replacing Repairable Items WASHINGTON (A P) Rep. Les Aspin, said Sunday the Army is "throwing away $100 million by replacing equipment rather than repairing it." He said the Army's own internal audits show it plans to spend $162 million in fiscal 1972 to replace equipment that could be overhauled and repaired for $62 million.

Aspin said that last year the Army purchased 412 armored cars rather than repair an equal number of identical models and this cost an extra $7 million. He added that the Army justified this on the grounds that there were funds in the budget for purchase but not for repair, and he commented: "This blatantly phony excuse is an insult to the Congress and degrades the military." French Painting Cut At Exhibit in Uruguay MONTEVIDEO, Uruguay (AP) Someone made a four-inch razor cut in an oil painting by Marc Chagall on loan from a French gallery, authorities reported Sunday. The painting, "The Red Tree," is part of an art exhibit sponsored here by the French Embassy. Officials said damage was about $200,000. LOUISIANA COLONISTS French colonists arrived in Louisiana in 1718.

begin at 7:30 a.m. in the Worth Hotel. W. A. "Bill" King, of the Chamber of Commerce agriculture department, co-sponsor of the seminars, noted that the seminars would be breakfast meetings.

They will be on succeeding Tuesdays through May 1. Two Bodies Recovered In Lake Hunt the nomination that he would in effect set the party back at least eight years," said Reagan, a 33-year-old Sherman college administrator. "He has a very narrow view of the party. He is not interested in broadening the base. He is a loner.

He has the reputation of being an obstructionist and is what I would consider a professional A negative candidate who cannot appeal to the youth vote or a large number of independent or conservative Democrats." Foremost Milk, Ice Cream CAM AND CRANK SHAFT GRINDING Piston and pin fitting, bearings rebabbited, cylinder boring and aligning, auto parts. Serving Fort Worth and West Texas SHIN BROS MOTOR SERVICE 301 S. 336-0329 SALES RENTALS Rents Most Everything RENTAL SERVICE WE DELIVER 831-1291 3530 E. BELKNAP Remodeling? CALL Saline Vallin LUMBER CO INC For Quick Estimates and Reliable Workmanship RESIDENTIAL OR COMMERCIAL 834-8801 4329 E. Belknap A Powers Girl is Pretty Exciting Person! You can be too! CALL WA 3-7305 POWERS For Enrollment Call John Robert Powers School 3005 S.

University Dr. "The Vogue of Finishing and Modeling Schools" PANTHER WAREHOUSES CUB Private Storage For As Little As $15.00 Mo. Individual Spaces with 8' Overhead Door Entry "J' Industrial Zone For Shops, Distributing, etc. 3541 East Vickery-536-2891 Remodeling Repairs I cos I HOME IMPROVEMENT Nothing Down Bank Terms rain's BUILDERS SUPPLY PLACING STAR-TELEGRAM ACTION ADS is as easy as talking to a friend over the telephone. Just call 332-7722 and a courteous ad writer will help you word your ad for best results to be published in the Star-Telegram.

Now's the Time to Remodel! fred ferments Parker Construction Co. Professional Custom Remodeling and Building since 1951 .4313, FRAZIER 921-0223 8 FORT, WORTH, TEXAS 76110 NOW HAS RANCH OAK FARM A RETAIL STORE AT 7129-A JACKSBORO HIGHWAY (SOUTH END LAKE WORTH BRIDGE) OPEN MON. thru SAT. 9 A.M.-6 P.M. RANCH OAK FARM A GIFT OF PERFECT TASTE" SMOKED RANCH OAK FARM HAM- CHICKEN 3 SMOKED TURKEY-CHICKEN-HAM BACON- BRISKET 237-6901 Mr.

Ed Merchant Says: BEWARE Investigate Before You Exterminate CALL 536-5390 AND BE SURE Rox-Ex Exterminating Co. 1714 Vaughn Blvd. Investigate Before You Exterminate FWPCL HCBL BOWIE (Spl) The bodies of Dennis Martin Fuller of Graham and Clifford O'Dell Thomas of Possum Kingdom, both 29, were recovered by searchers at Possum Kingdom Lake Sunday. The men had been the object of a search since a helicopter pilot spotted their boat circling with the motor running Tuesday. High winds hampered the search until Sunday when volunteers turned out from Graham, Breckenridge, Jacksboro and Lake Texoma plus the Possum Kingdom Lake Patrol.

The bodies were found in the Rock Creek area of the lake in about 12 feet of water. Fuller's body was found at 9:30 a.m. and Thomas' body at 12:45 p.m. Both bodies were taken to Owens Brumley Funeral Home here. Funeral services for Fuller will be at 3 p.m.

in Rock Baptist Church in Buffalo Springs with burial in Buffalo Springs Cemetery. Arrangements for Thomas will be announced by Owens Brumley. Fuller was a native of Buffalo Springs but had lived in Graham the past 10 months. He was Survivors an Army include Marie; a stepdaughter, Mary Nichols; two stepsons, Ricky and Dean Nichols, all of Graham; parents, Mr. and Mrs.

C. E. Fuller of Buffalo Springs; two sisters, Mrs. Harry Flinn of Terrell and Mrs. Patsy Wright of Buffalo Springs; and two brothers, Paul Edward Fuller of Fort Worth and Gerald Dean Fuller of Wichita Falls.

Thomas was originally from Vashti near Buffalo Springs but lived in the Willow Beach area at Possum Kingdom. March 5 Data From NATIONAL WEATHER SERVICE, EST NOAA, U.S. Dept. of Commerce COLD 50 COLD 45 20 38 34. 50 Temperatures Are Average For Area 81 Rain 40 20 20 Showers 50 30 Snow COLD 72 Flurries 50.

60 70 80 90 80 High Temperatures Expected FORECAST 70 For Daytime Monday -Associated Press Wiremap WEATHER OUTLOOK Snow is forecast for the northernmost portions of the country Monday with rain in the Pacific Northwest. 2:30 Br. Promise 6:00 News 3:00 Somerset 6:30 S'ford Son 7:00 Laugh-in 3:30 P. Junction 8:00 Movie 4:00 Big Valley 10:00 News 5:00 Heroes 10:30 Tonight 5:50 News 12:00 News KLBK-TV (Channel 13) LUBBOCK 6:30 Farm News 2:30 Edge of Night 7:00 News 3:00 Movie 8:00 Kangaroo 4:30 My Three Sons 9:00 Lucy Show 5:00 Gomer Pyle 9:30 W.to Know 5:30 CBS News 10:00 Family Affair 6:00 News 10:30 Love of Life 6:30 Have Gun 11:00 Wh. Heart Is 7:00 Gunsmoke 11:30 Search 8:00 Here's Lucy 12:00 News 8:30 Doris Day 12:30 World Turns 9:00 Sonny Cher 1:00 Splendored 10:00 News 1:30 Guiding Light 10:30 Movie 2:00 Secret Storm KCEN-TV (Channel 6) TEMPLE- WACO 6:45 RFD-6 1:30 The Doctors 7:00 Today 2:00 Another World 9:00 Dinah's PI.

2:30 Br. Promise 7:25 Newswatch 3:00 Somerset 9:30 Concentration 3:30 Phil 10:00 Sale, Century 4:30 Big Valley Donahue 10:30 Holl. Squares 5:30 News 11:00 Jeopardy 6:00 News 11:30 Who, What 6:30 Eddie's Fath'r 12:00 News 7:00 Laugh-in 12:15 Cathy's Corner 8:00 Movie 12:30 3 on Match 10:00 News 1:00 Days of Lives 10:30 Tonight KWTX-TV (Channel 10) WACO 7:00 News 3:30 Better Living 8:00 C. Kangaroo 4:00 Password 9:00 Lucy Show 4:30 Bewitched 9:30 My Three Sons 5:00 Gen. Hospital 10:00 Family Affair 5:30 News 10:30 Love of Life 6:00 News 11:00 Wh.

Heart Is 7:00 Gunsmoke 11:30 Search 6:30 Make a Jeal 12:00 Ten Acres 8:00 Lucy 12:30 World Turns 8:30 Doris Day 1:00 Splendored 9:00 Son Cher 1:30 Guiding Light 10:00 News 2:00 Secret Storm 10:30 2:30 Edge of Night 11:30 Twilight Zone 3:00 Gomer Pyle KFDX-TV (Channel 3) WICHITA FALLS 6:35 RFD-3 1:30 The Doctors 7:00 Today; W'ther 2:00 Another World 7:30 Today 2:30 Br. Promise 9:00 Dinah's Place 3:00 Somerset 9:30 Concentration 3:30 Daniel Boone 10:00 Sale, Century 4:30 Perry Mason 10:30 Holl. Squares 5:30 NBC News 11:00 Jeopardy 6:00 News 11:30 Who, What 6:30 Jeannie 11:55 News 7:00 Laugh-in 12:00 Noon News 8:00 Movie 12:30 1:00 3 on Match 10:00 News. Days of Liver 10:30 Tonight KAUZ-TV (Channel 6) WICHITA FALLS 7:00 CBS News 3:30 Lucy Show 7:30 Zoo Review 4:00 My Three Sons 8:00 C. Kangaroo 4:30 Green Acres 9:00 Sesame Street 5:00 Truth 10:00 Family Affair 5:30 W.

Cronkite 10:30 Love of Life 6:00 News 11:00 Wh. Heart Is 6:30 Consequences 11:30 Search 6:30 Mayberry RF 12:00 News 7:00 Gunsmoke 12:30 World Turns 8:00 Here's Lucy 1:00 Splendored 8:30 Doris Day 1:30 Guiding Light 9:00 Sonny Cher 2:00 Secret Storm 10:00 News 2:30 Edae of Night 10:30 Movie 3:00 Gomer Pyle KSWO-TV (Channel 7) WICHITA FALLS 8:30 Lassie 2:00 Gen. Hospital 9:30 W. to Know 2:30 One Life 9:00 Movie Game 3:00 Love 9:30 W. to Know 3:30 Movie 10:00 My Children 5:00 News 10:30 That Girl 5:30 Rifleman 11:00 Bewitched 6:00 News 11:30 Password 6:30 Country Music 12:00 Profile 7:00 Special 12:30 Make a Deal 8:00 Movie 1:00 Newlyweds 10:00 News 1:30 Dating Gama HIGH IN MID-70s Fair, Warmer Today Fort Worth and VicinityFair and warmer Monday and Monday night.

Partly cloudy Tuesday. High Monday in mid-70s. Low Monday night in lower 50s. High Tuesday in lower 80s. Wind light and variable, becoming southwesterly 10 to 20 m.p.h.

Monday afternoon. Sunrise, sunset, 6:29. Maximum temperature Sunday, 65; minimum, 37. Maximum temperature this date, 90 in 1929; minimum, 21 in 1943. Maximum precipitation this date, .54 in 1906.

North Central -Fair and warmer Monday and Monday night. Partly cloudy Tuesday. High Monday in 70s. San Saba Rites For Mrs. Click SAN SABA (Spl) Funeral services for Mrs.

Dura M. Click, 95, who died Saturday, will be at 2 p.m. Monday in the Howell-Duran Funeral Home chapel with burial in Harris Cemetery near here. She was a native of Bell County and had lived here 66 years. She was a member of the Jehovah's Witnesses.

Survivors include four sisters, Mrs. Lucille Wallace of Pixley, Mrs. Wardine Broyles and Mrs. Gladys Bell of San Saba and Mrs. Angie Reed of San Angelo.

Low Monday night 45 to 57. High Tuesday 75 to 85. Northeast Texas--Fair and warme Monday and Monday night with high in 70s. Low Monday night 45 to 57. Partly cloudy Tuesday with high 75 to 85.

Northwest Texas--Fair and warmer Monday and Monday night. Partly cloudy Tuesday and cooler west and north portions. High Monday in 70s. Low Monday night 40 northwest to 55 southeast. High Tuesday 50 northwest to 83 southeast.

South Central Texas Partly cloudy through Tuesday except mostly cloudy late at night and morning. Warmer through Tuesday. High Monday 72 to 82. Low Monday night 52 to 64. High Tuesday 76 to 83.

Southeast Texas-Partly cloudy and warmer through Tuesday except mostly cloudy Monday night and Tuesday. morning. High Monday 65 to 70. Low Monday night 50 to 58. High Tuesday 72 to 78.

Southwest Texas--Generally fair north and partly cloudy south except mostly cloudy late at night and morning east and south portions. Warmer through Tuesday. High Monday 70 to 78. Low Monday night 45 north to 57 south. High Tuesday in 80s.

Extreme Southwest Texas. Fair and warmer through Tuesday. Low Monday night 43 to 53. High Monday 73 to 79. High Tuesday 75 to 85..