Galesburg Register-Mail from Galesburg, Illinois on June 4, 1973 · Page 12
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Galesburg Register-Mail from Galesburg, Illinois · Page 12

Galesburg, Illinois
Issue Date:
Monday, June 4, 1973
Page 12
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12 Galesburg Reglst-er-Mall, Galesburg, III, Monday, June 4, 1973 rat LOW LOW cost AUTO INSURANCE Contact: Tony Lisehwe MILLERS MUTUAL INS. 411 BANK Of GALESBUttG BLDG. 3434166 or 343-6986 Scores of U.S. Firms May Benefit From Soviet-OccidentalOilBarter NEW YORK (UPI) - Scores of American comipanies stand to make a lot of money doing business with the Russians if Dr. Anrmand Hammer's negotiations with the Soviet Union pan out. Hammer heads Occidental Petroleum Co., of Lois Angeles, which has an agreement to build a fertilizer complex involving $8 billion worth of barter trade spread over 20 years. He is getting ready to Welcome Major Thomas G. Storey ' 'We're Proud of You" — Congratulations — GRADUATES 'The Bank That Leads The Way Bank of Galesburg MEMBER F.D.I.C MAIN & KELLOGG PH. 343-4141 WINNER 'S, negotiate an oil and gas pipeline deal that lie says could run to $17 trillion in 23 years. He has told newsmen that American skipping companies would take in many millions by hauling ammonia and urea from tii© Soviet Union to the United States and other parts of the world and hauling phosphoric acid, machinery and equipment to Russia. $400 Million He said a consortium of banks to be led by Bank of America of San Francisco may provide the financing for the Soviet Union. This involves $400 million for the fertilizer complex and ultimately much larger sums for pipelines to Murmansk on the Arctic Ocean and a Pacific port to provide petroleum and liquefied natural gas for the western hemisphere. American ship operators also would get most of the business of hauling the oil and liquefied gas. The Russians have agreed on "both directions" preference for hauling the products in American- bottoms. Hammer says he wants to go farther than congressional leaders have been urging by insisting that the vast majority of the tonnage move under the Stars and Stripes. Hammer plans to visit Moscow shortly to negotiate the pipeline deal which, he said, would be a joint venture of Occidental and El Paso Natural Gas Co. This venture over a long period of years could involve twice as much money as the $8 billion which the Russians said the fertilizer complex deal would amount to over 20 years, he said. Trade Center J During that visit, Hammer said Occidental and Bechtel Corp., the San Francisco builder, expect to complete a deal to build a large trade ANNIVERSARY SALE Gabriel SHOCK ABSORBERS We STANDARD ^^99 RED HYDE" 6"ea- /' hijackers' $]4 9e5a . "\Y» o \ 199 eo. 14X6 * 27 50 US Mags I4X7-- -$32.95 I4X8- -$37.95 15X7- --$34.95 14XI0- -$44.95 15X8- --$44.95 15X4-. -$34.95 15X10 -$49.95 OIL FILTERS IFRAMI AC and ^$ 199 MAUORY nUAL -POINT, DISTRIBUTORS * • *19 95 SPARK PLUGS AC Aulolhe : CQ < Champion - %J 7 'u. Resistor Plug 79? ei. Valve Covers M. Rmnll Til ni >Vnv ,n,r,r • $ 19 CLEARANCE Sale center with an International hotel in Moscow. Hammer's Soviet projects obviously will take years to I complete and for some months now have been greeted with some skepticism on Wall Street. This investor coolness is based on Hammer's wide reputation for ebullience and the three other factors'. —That Occidental is in no shape to finance such vast enterprises or carry them out itself. The price of Occidental shares is very low and the company owes nearly $1 billion against a cash position of $82 [million and working capital of $254 million as of the end of .1972. The furious rise in Occidental stock last year from a low of 11% to 50 after Hammer first announced the impending deal with the Rus sians and its subsequent plunge to below $10 cost investors and speculators more than $200 million. Gone Sour •Occidental's $400 million oil deal with Libya has gone sour since the Libyan government forced him to cut production there by 28 per cent. —The suspicion that Soviet leader Leonid I. Brezhnev is using Hammer, permitting him to announce such deals mainly to pave the way for political triumphs by Brezhnev on his June visit to Washington. Some skeptics say Soviet authorities now are calling on Hammer to repay them for past favors. Hammer also revealed that |Brezhnev insisted that Occidental obtain a formal official endorsement of his deals from the U.S. government. Although such an endorsement would not officially commit Washington to anything, the Russians regard ed it as significant. Moscow dispatches indicate Brezhnev appears to be anxious to get a preliminary agreement on the oil deal Hammer and El Paso Natural Gas initialed before he visits Washington. According to the experts, he wants to make it dear to old line Communist conservatives in Russia thiat they are fighting a hopeless battle in trying to prevent closer trade relations with the West and acceptance of more western economic and industrial technology. Maquon Village Trustees Allow Tank Work Pact MAQUON — The Maquon Village Board of Trustees, at a meeting May 29, authorized board president Waldo Ray to sign a contract with a Clear Lake, Iowa, company to overhaul the community's watsr storage tank. The work will include sand blasting, welding and repaint ing the inside of the tank, officials said. Model '3134 " ITr «b JTEREt PLAYER STEREO $3495 Small Block Chevy JL. honipson 95 G/iL CUSTOM Small Block Chevy S J6 95 JL hompiDn 160x15 TIRES 195 3123 - $69.95 3121 - $54.95 3134 - £34.95 3132 - 389.95 3130 - $44.95 3129 - ^99.95 3125 - $105.00 3124 - $99.95 The Village of Maquon was, without water from May 29 at | 9 p.m. until 1 the next day when] a crew from Davenport installed a new well pump motor and electrical system Mr. and Mrs. Ivan Miller spent the Memorial Day weekend at Mason City, Iowa, where | Miller judged a rabbit show. \lJuiteBox COMPLETE STOCK REBUILT STARTERS, WATER PUMPS, ALTERNATORS. GENERATORS BATTERY 84 AMP *24 .^S ALTERNATORS GENERATORS STARTERS from $19.95 from £19.95 from 519.95 VOLTAGE REGULATORS SOLENOIDS WATER PUMPS from S6.95 from S6.95 from $7,95 WINNER'S NOW At FOUR Locations Open every day 9-9 Joliet Kankakee Peoria Galesburq OPEN SUNDAYS 27 E.CASS 251 S. SCHUYLER 804 MAIN J 54 W. MAIN . m _ . m (815) 727-6331 (815)939-4573 (309)674-6262 (309) 342-9161 *f A *M . TO^J P,M P0WERFW PLUNGER CLEARS CLOGGED TOILETS NfVIR AGAIN that %UV fwllng wh«n y«wr Mitt overflow* Toilet gi^ui Plunger Unlike ordinary plunger*, Toilaflcx docs not permit cbmpre*»e<l air or metsy water to tpla$h back or ««ape. With Toilaflcx the lull prctturc plowi through the clogging HUM and •wiihci it down. * SUCTION-RIM STOPS SPLASHBACK • CENTERS ITSELF, CAN'T SKID AHOUNP t TAPERED TAIL OIVES AIRTIGHT FIT Oattha fenulnt 'ToHalex' •2" AT HARDWARE STORES SAVINGS AND LOAN ASSOCIATION . . . IS PROUD TO PRESENT THE FOLLOWING COMMENCEMENT EXERCISES MONDAY —JUNE 4 6:30 PM Knox College TUESDAY — JUNE 5 ....... 8 PM (Live) Galesburg High School Replay at 7:00 P.M. — THURS., JUNE 7 WEDNESDAY — JUNE 20 (Live) Carl Sandburg College Replay Thursday, June 21 GALESBURG CABLE TV "Local Television For Local People" osco 354 E. MAIN ST. GALESBURG, ILL. Ad Effective Monday thru Wednesday NEIL (^SMAMWI SPRAY IRON WITH SAFETY HEEL REST, TEFLON* COATED SOLEPLATE Wide-angle heel rest guards against accidental tipping! DuPont double-coated Teflon sole- plate prevents starch build-up. Spray Mist button, M-J-I 36 vents for maxi- , " ooe, mum steam. Perroa- ment Press setting. Water level gauge. on MCA and UNI records SS915 Reg. $16.88 $ 10" WAHL HOME VIBRATOR HI D I A M 0 N D 2-RECORD SET LIST $9.98 5.99 HOT AUGUST NIGHT nawfimoriD VUVtT GlOV($ POD SPIT Complete With Four Attachments OSCO LOW PRICE $£89 PEPSODENT TOOTH PASTE Pepsodentfc) LARGE SIZE 5 oz. OSCO Reg. Price 63c OTHER DIAMOND LP'S LIST $5.98 EXCEDRIN PM Bottle of 30 19c Reg. $1.03 VALUABLE COUPON 2 GIANT SIZE flill 2 (22FU0Z.EACH) 8$ osco AT DRUG WITH THIS COUPQM 59c LIMIT 1 COUPON PEH PUHCHASt OSCO TEL. 342-0112

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