Galesburg Register-Mail from Galesburg, Illinois on May 21, 1973 · Page 24
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Galesburg Register-Mail from Galesburg, Illinois · Page 24

Galesburg, Illinois
Issue Date:
Monday, May 21, 1973
Page 24
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24 Geliiburfl Rfflistcr-Mai 1, Golesburg, Monday, May 21J 973 Market Reports Today 0 GRAIN MARKET Of lit A Supply Co. -,Jff *tthe* to «j> •* down by I3» o.m. wh«n AMI bid •rtites. 11:30 O'clock bid. 'No. Ittotti (Old) fl.79 New COflt ... 1 $1.55 NET Beans (old) ...$8.75 New $4.74 Chicago Grain Rang* CHICAGO (DPI) - Wheat, corft and soybeans were substantially higher at noon today on the Chicago Board of Trade. Prices at Noon Wheat May 2.75V4 up 10 Jly 2.69% up 10 Sep 2.67% up 10 Corn May 2.02 up 8 to IVz Jly 1.86 up 4 59 4Vfe Sep. 1.82 up 8 to m Dec 1.76% up 5 to'5V4 Soybeans May 9.85 up 76 to 73 Jiy 8.58 up 20 Aug 7.97 up 20 Nov 4.96 up 20 Mercantile Exchange CHICAGO (UPI)-Futures today on the Chicago Mercantile Exchange: High Low Close Prev. Live Beef Cattle Jun " r - 46.82 46.55 46.62 46.67 Aug 46.45 46.12 46.27 46.15 Oct 46.25 45.72 46.20 45.75 Dec 46.35 45.85 46.20 45.90 Feb 46.35 45.95 46.20 45.90 Apr 45.80 45.70 45.70 45.45 Jun 45.60 45.60 45.60 45.40 drain Future* CHICAGO (UPI) - Grain range: High Low close Prev. Wheat May Jiy Sep Dec Mar Corn May Jly Sep Dec Mar May-74 Oats May Jiy Oats May Jly Sep Dec Soybeans May Jly Aug 275V4 267% 266 265'i 269% 264% 259% 259% 267% 266% 267% 257% 268% 266 268% 258% 267% 266 267% 257% 204 195 204 194% 189% 183% 189 V* 181% 185% 179% 185V4 178 179% 173 178% 171% 180% 170% 180% 172% 181 (old) 94% 101 VA (new) 94% 101 103% 105V4 175 181 173 92% 93 95% 101V4 92% 94 96 '/4 101 98V4 103% 99% 105% 92% 95% 92% 95 97% 99% Produce By LeROY POPE NEW YORK (UPI) - A small manufacturer in Wiscon sin who makes sophisticated tools may be overjoyed by the spurt in the free gold price and the fall of the dollar in Europe. Business Today He has been having a rough time competing on price abroad even though his tools have a global reputation. If the dollar doesn't bounce back from its 10 per cent drop abroad, he will find customers in Europe and Latin America much more eager to buy and his profit will go up substantially. A New York import broker who buys novelties for depart­ ment stores may be terribly upset by, the rush to gold. His European suppliers aren't concerned much about competition. Their goods are distinctive and non-competitive. They'll just up the price overnight to offset the dollar's drop. But the import broker may have contracts with American department stores at firm prices. If he wants to keep them as customers he may have to absorb a loss. 271 Million Ounces Buried Uncle Sam has 275 million ounces of gold buried at Fort Knox. It y s carried On government books at $11.3 billion and foreign central banks have potential claims against it for a lot more than that. 1020 880 880 909 858 858 858 838 797% 797% 797% 777% Sep 641% 641% 641% 621% Nov 496 496 496 476 ! Jan 495% 495% 495% 475% Mar 495% 495% 495% 475% May-74 495% 495% 495% 475% Drowning— (Continued From Page 2) Live Hogs Jun 39.05 38.60 38:75 38.70 Jly 39.35 38.85 39.20 38.90 Aug 38.37 38.10 38.20 38.10 Oct 37.27 37.00 37.10 37.00 Dec 37.40 37.10 37.40 37.02 Feb 37.95 37.55 37.80 37.40 Apr 36.00 35.77 35.90 35.52 Jun 36.25 36.25 35.95 Jly 36.25 36.25 36.25 35.70 Frozen Pork Bellies May 57.25 56.52 56.62 56.47 Jly 57.22 56.45 56.60 56.42 Aug 56.50 55.80 55.95 55.97 Feb 55.95 55.20 55.25 55.20 Mar 55.45 54.90 54.90 54.85 May 4.70 54.70 54.50 Markets at a Glance By United Press International Stocks lower in active tracing. Bonds lower. U.S. government bonds lower in moderate trading. American stocks lower in active trading. Cotton futures mostly higher. Chicago grain futures mostly higher. Cattle trade steady; top 47.75 covered the capsized boat. He said when they were unable to ind the victim, the Fulton County Rescue team was called. They started dragging operations, and the body was recovered at 3:45 a.m. Obituary Roger Paul Forrest, 25, of Abingdon, was born at Bushnell on June 28, 1947. He married Jane Thorman at New Philadelphia on Nov. 8, 1970. He was educated in Bushnell schools. He lived at Avon five years before moving to Abingdon in 1970. He was employed as a Burlington Northern Railroad brakeman. Surviving are his widow; his parents, Mr. and Mrs. Eugene Forrest, Avon; a son, Brian, at home; a sister, Gina, at home, and his grandfather, C. E. Thomas of Avon. Funeral will be at Corman Funeral Home, Avon, Wednesday at 1 p.m. Rev. Thietje Hunt, pastor of Avon Federated Church, will officiate. Burial will be at Avon Cemetery. Visitation will be at the funeral home Tuesday from 7-9 p.m. Contributions to a memorial fund established in his name may be left at the funeral home, the family said. Hof f a Criticizes Bugging Hearing PITTSBURGH (UPI) - For mer Teamsters President James R. Hof fa said Sunday that many of the charges made during the Senate Watergate hearing were "based on hearsay evidence" and would never hold up in court. Hoffa said the Watergate scandal belongs "in front of a grand jury and has nothing to do with legislative practices." The senators "are able to have a field day for their own purposes as they did with me...and I object to people being tricked into believing that what's being said would be permissible in court," he said. Hoffa spent four years in a federal prison for a jury tampering conviction. He was freed when President .Nixon granted executive clemency. Weakness In Market Partly Due to Gold NEW YORK (UPD - The weakness' in the stock market reflects rampant uncertainty over the growing instability of commodity prices, new orders and most recently gold, Town send-Greenspan & Co. Inc. Investment Chatter First Congressman Dies CARMEL, Calif. (UPI) Jeannette Rankin, the first woman elected to Congress and a lifelong leader in the peace and women's rights movements, is dead at the age of 92. Miss Rankin had the distinction of being the only member of Congress to vote against U.S. entry into both world wars. She maintained throughout her life that violence was no way to solve human disagreements. "If I had my life to live over again, I would do it all again, but this time I would be nastier," she said recently. Memorial services were scheduled mis week for Miss Rankin in her native Helena, Mont. She died Friday night of a hear ( t attack at a retirement home in this Pacific Coast resort town. Miss Rankin was 36 when she went to Congress in 1917 as a Republican from Missoula, Mont. On April 6 of that year, she joined 56 other House members in voting against U.S. entry into World War I. "I want to stand by my country, but I cannot vote for war," she declared. In 1941, in Congress for her second term, Miss Rankin cast the sole vote against a U.S. declamation of war after the Dec. 7 bombing of Pearl Harbor by the Japanese. In 1968, when Miss Rankin was in her late 80s, she led her "Jeannette Brigade" of 10,000— one for each American who had then died in Vietnam—in a march on Capitol Hill to protest the war in Vietnam. Miss Rankin was one of the early suffragettes, campaigning throughout the country for laws to give women the right to vote. She succeeded in her efforts in New York in 1912, when the Legislature granted women's suffrage, and then she voted in Congress for the 19th Amendment which gave all U.S. women the right to vote in 1920. Recently she said, "The women's movement is going to take forward steps - beyond anything we can envision today. I'm quite thrilled with what we are doing." Clues Are Sought On Missing Boy James Stevenson, 14, son of Don Stevenson, 6805 Oakmont, North Lauderdale, Fla., formerly of Biggsville, has been reported missing from his home since May 7. Police in the Ft. Lauderdale area as well as Henderson County Sheriff Daryl Thompson are seeking clues about his whereabouts, his father said today. He has not been seen or heard from since the morning of 'May 7, when he left home for school. He is described as 5-feet-5 inches tall, weighs about 110 pounds and has dark hair. Persons With any information about the boy are asked to call local police. Indianapolis Livestock INDIANAPOLIS (UPI) Livestock: Hogs 3,000; 200-250 lb steady to 25 higher, 250-330 lb steady to weak; No 1-2, 200-235 lb 39.25-39.50; 58 head 39.65-39.75; No 1-3, 200-250 lb 38.50-39.25; No 2-3, 235-270 lb 37.25-38.50; No 2-4, 260-280 lb 36.25-37.25; No 3-4 280-300 lb 35.75-36.25 ; 300-330 lb 34.50-35.75. Cattle and calves 1,250; choice steers and heifers steady, good weak to 25 lower; choice steers 45.25-46.50; good and choice 44.50-45.50; choice heifers 44.00-45.00; part load high choice 45.25; good and choice 43.25-44.25; good 41.0043.25. Sheep 100; lambs steady to strong; choice and prime spring 36.50-37.50; choice 36.00-36.50. says. "The greater the degree of uncertainty, the higher will be the associated rate of forward discount," it adds. As a result, the firm says, stock prices fall despite a good long term expected earnings picture Despite the doom generated in the stock market by Watergate and the Equity Funding scandal, the odd lots performance has given the investor something to hang his optimism on, the Neill Letter of Contrary Opinion says. The letter says recent odd-lot short sale ratios went over 30 for the first time in almost three years. "When the little guy gets active on the short side, you can figure it won't be too long before the stock market makes a strong turn-for-the-better," the firm adds. That gold stock is valued officially at only $42.22 aft ounce. At the recent prices $106 an ounce or better on the global free marked, the Fori Knox hoard is worth closer to $30 billion! President Nixon rather effectively cut American trade and financial policy free from gold in August, 1971. But there is a school of economic and financial opinion in the country that thinks it's time the United States began figuring out how to use the gold hoard to further the nation's interests around the world. Why hot raise the price of the gold to what the speculators and industrial users are Willing to pay? Wouldn' that dramatically - lower the value of the dollar, improve the competitive position of Ameri can goods around the world and wipe out the trade deficit and possibly the balance of payments deficit as well? Could Produce Merry-Go-Round Other experts say that's simplistic thinking because it doesn't take into account the ability of other nations to retaliate. The oil producing countries, for example, might raise the price of oil faster than the United States raised the price Of gold. With the United States forced to buy ever growing amounts of foreign petroleum, it could produce an economic merry-go-round. If the dollar doesn't bounce back, Leo Northart, editor of the magazine, The said many exports helped, particularly hard goods. Gerald O'Brien, vice president of the American Importers Association, said importers generally find a floating fluctuation of currency easier to cope with then sudden official changes in values. He said American importers have become "so bloodied and bowed since August, 1971, they can cope with practically anything." Abingdon Weekend Qwiet* Exporter, may be consumer executive ABINGDON-Abingdon hail a q u i e t weekend after instances of fighting earlier in the week. Polk* had been called twice Friday night to disperse crowds milling atout the city, but no arrests were made. A ft p.m. curfew for persons under 18 had been imposed for the weekend. A police spokesman said this morning that the community had remained quiet and no calls had been received. The Linda DeCrane benefit show netted over $2,000, according to the Firemen's Auxiliary which sponsored the show. Miss DeCrane died at St. Jude's Hospital, Memphis, Tenn., May 11. Proceeds from the Sunday benefit will go to that hospital and its affiliate, Peoria Methodist hospital! Local and area entertainers donated their services to perform at the show. MRS. GlftAL &mi feAUf ft Correspondent WD St. Augustine, tli. MatttlBaiaaMBilaai Rear Adm. James Bond Stockdale was the reviewing official for a recruit graduation review at Great Lakes Saturday. The graduation exercise was held in conjunction with the naval base's salute to prisoner of war returnees. Mr. and Mrs. Sam Mahgieri were among the special Invited guests at ceremonies. Oral polio, DPT, rubella and measles immunization will be given during a clinic at the Abingdon Grade School Tuesday from 3-5 p.m. District 217 Board of Education will meet at the superintendent's office on Meek Street Wednesday at 8 p.m. Mr. and . Mrs. Eugene! C. Bulkeley will be hosts to the Caring and Sharing group of United Methodist Church Tuesday at 7:30 p.m. Barean Baptist Church wilt have a Bible study at .(he home of Rev. Joseph Wilier, 104 N. carlylse St., Wednesday at 7 p.m. Members of Abingdon Rebekah Lodge 511 at a meeting last week voted a donation to the eye hank. Mrs. Frances Chapman, noble grand, reported on a district meeting held at Ellis- vitle. Upcoming meeting* Included Harmony Lodge May 22, Ellisville Lodge June 4, Fairview Lodge June 11, and Kirkwood Lodge June 10, Mrs. Maude Ryan will be hostess to Past Noble Grands Club May 24. „ Committee for the meeting was Mrs. Mae Jameson and Mrs. Annis Day. Mrs. Nora Carroll end Mrs. Frances Chapman will be the committee for the next meeting May 28 at 8 pxn. Knoxville Commencement Is Scheduled KNOXVILLE - Knoxville High School commencement exercises will be held June 1 at 8 p.m. in Jensen Gymnasium. Baccalaureate exercises will be Sunday at 8 p.m. at the gym and eighth grade promotion exercises will be held May 30 at 8 p.m., also in the gym. Examinations will begin this week for seniors and eighth graders. There will be no school Monday due to the Memorial Day holiday. The Evangelism Committee of the Grace Lutheran Church will meet Tuesday at 7:30 p.m. at the church. Circle 1 of the United Presbyterian Church will meet Wednesday at 1:39 p.m. at the home of Mrs. Ralph Westerfield. Member commitment train- Knoxville ANNABEL PETERSON CORRESPONDENT Home Address: 210 N. Timber St. Phone 280-2818 ing sessions of the Christian Church will meet Wednesday at 7 p.m. The World Outreach Department will meet Thursday at 7 p.m. The Stewardship Department will meet Thursday at 8 p.m. Circles of the United Methodist Church will meet Wednesday. Faith Morning will be at 9:30 a.m. at the home of Mrs. Dale White; Sarah English at 2 p.m. at the home of Mrs. Raymond Carlson; Judith Hawks at 2 p.m. -at the home of Mrs. Rose Sweeney; and Rebecca Giles at 1:30 p.m. at the church. Mr. and Mrs. Howard Peterson attended commencement exercises Saturday at Blackburn College, Carlinville. Their daughter, June, received high honors. Other relatives attending were Mrs. Wanda Short, her grandmother,-and Mrs. Robert Peterson, Mrs. Floyd Peterson, Mrs. Robert Bailey, Mrs. Mary Lou Henderson and James Peterson. Flea Market and Sidewalk Days Saturday in the park was termed a success by sponsors, the Knoxville Business Assn. A consignment auction was held at 1:30 p.m. Members of the Tip "Top Club met Thursday and played bunco at the home of Mrs. Dean Saline. Prize winners were Mrs. Dallas Orwig, Mrs. Larry Carlson, Mrs. Art Gibson, and Mrs. James Gunther will host the June meeting. GOODfYEAR The recent decline in the Treasury Bill rate should lessen pressure on the money markets and boost the performance of interest sensitive stocks, according to the Shearson Invest ment Policy Letter. "The next month or so should be an excellent time to acquire fixed income securities," the letter says. It cautions the investor that the market is technically vulnerable, but urges him to purchase large capitalization quality issues with either cyclical or non-cyclical growth potential. Hospital Patient George C. Brogan, 1534 Moshier Ave., is a patient at University Hospital in Iowa City, Iowa. His address is Room 339- 3W. Zip code is 52240. The Indicator Digest Average, embracing every NYSE issue on an unweighted basis, reveals "the market has never really risen from the doldrums of the drastic 1970 crash," the firm's newsletter says. Despite the current Wall Street blues, Indicator Digest says this bear market, representing the first time' in this century three such markets have occurred in a single administration, can't be too far from the bottom. Stocks have "nowhere to go except to belatedly try to catch up with the economy," it adds. LOW LOW PRICES POLYESTER CORD FREE! TWO 5-Piece Place Settings Beautiful Danish Design Stainless When You: Every time you make one or ine depo titled to purchase one 5-piece place setti; unit at - " one of the deposits listed below you are en- 5-piece place setting for only $3 or an accessory a similar low price. With your first and eighth deposits you get the place setting free. Here's how you do it: Open a Regular Savings account. 125 or more. Op«n • Ooldan Passbook account, $100 or mora. PuxcbaM a Certificate of Deposit, I10O or more. Add $25 or mora to your Regular Savings account. Add $100 or mora to your Golden Passbook account. Open a new Checking account, $100 or more. First National First Galcsburg National Bank & Trust / Established 1863 / Member F .D.I .C Goodyear Blimp Halts Air Traffic NORTH BEND, Ore. (UPI) — The Goodyear blimp was making a trip up the Oregon coast from Eureka, Calif., Sunday when a crewman decided to take a swing over North Bend where he used to live. High winds forced the airship to land at the North Bend airport. The landing, which held up air traffic while the blimp was trying to find a spot to settle down, was made without incident. Tailless SUs Csnvtn-. tienal tits Blackwill Tailless Pair Price Whittwill Takiliss Pair Pries Pies Fed. Ex. Tar ana 2 sM tins A78 -13 - 2 for $41.00 2 for $51.70 $1.83 7 .00-13 — 2 for sal .20 2 for $96.60 $1 .88 B78 -14 6.45-14 2 for $41.80 2 for $92.10 $1.96 E78 -14 7.35-14 2 for $54.90 2 for $61.60 $2.22 F78 -14 7.75-14 2 for $97.10 2 for $63.30 $2.37 G78-14 8.25-14 2 for $11.50 2 for $68.10 $2.53 H78-14 8.55-14 2 for $14.00 2 for $71.00 $2.75 F78-15 7.75 -15 2 for $51.50 2 for $65.00 $2 .42 078-15 8.25-15 2 for $$1.00 2 for $67.60 $2.60 H78-15 8.55-15 2 for $85.60 2 for $72.90 $2.80 J78-15 8.85-15 2 for $66.76 2 for $76.20 $3.01 L78-15 9.15-15 2 for $71.00 2 for $78.60 . $3.13 POWER CUSHION 78" VYTACORD TIRES • Goodyear's deepest tread bias-ply "78" • 4-plies of triple-tempered polyester cord • Wrap-around tread with step down traction bladings Sire A78-13 blackwall tubeless plus $1.83 Fed. Ex. Tax par tire and two old tires Trauma Lecture The last in a series of trauma lectures at St. Mary's Hospital will be held Thursday at 7 p.m. j in the basement classroom oi the hospital. Dr. G. W. Douglas, of the hospital staff, will lecture on abdominal injuries. All professional medical personnel are invited to attend. READ THE WANT AOS! LIBERAL EXTENDED TERMS Clip This Coupon and Sovt Alignment H«rt Is What We Do: # Set Toe Set Set All Caster Camber Labor Included I I: 1: Expires 5- GOODYEAR TIRE CENTER PETE GOMEZ *Air Cond. $2.00 Extra 30-73 Clip This Coupon and Savt Lube-Oil-Filter i I Here Is What We Po: # Full Oil Change i $) Full Chassis Lubrication # New Auto Lite Filter' Up To 5 Qts. a) Valvoline or Pennzoil # All Labor Included Premium Oil Add 11.00 I I Expires 5-30-73 | GOMEZ TIRE CENTER, INC. 356 E. MAIN, GALESBURG Ph. 342-3157

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