Newsday (Nassau Edition) du lieu suivant : Hempstead, New York • 53

571 NEW YORK STOCK EXCHANGE 55 WEEKLY HIGH 53 C1.0-E LOW 51 47 32 AMERICAN STOCK EXCHANGE 30 DEC. JAN. FEB. MAR. APR.

THE MARKETS There Are All Kinds of Pollution By George Wheeler New York--What kind of a week was it in the market? For one thing, it was a week when Mayor Lindsay was in Detroit appealing to General Motors, Ford and Chrysler to do more to clean up the atmosphere while his minions here were preparing to dump more fill into each of the city's two major rivers and concocting something called a "transfer of air rights" for the benefit of the Walter H. Kidde Co. The transfer of air rights, surely a landmark in American and world political theory, involves the polluted atmosphere now existing above the U.S. Customs House, that low piece of Cass Gilbert splendor on Bowling Green that, the city's tax-gatherers lament, is a designated landmark destined to stay low and never to pull its full freight in tax bucks. The answer to that in the labyrinthine thinking of the City Planning Commission is to move the air rights across Bowling Green Park to 1 Broadway, where the Kidde subsidiary, United States Lines plans to build.

There the rights would be used to permit the steamship company to replace its present 15-story headquarters with something bigger, and more tax-yielding, than otherwise could be built--in the 50-story range. It won't be all gravy for the Kidde subsidiary, though. The company will have to make some improvements in the area and contribute to a' fund to brush the soot off the monumental Gilbert statuary and other improvements at the Customs House. The proposal faces a public hearing and action by the Board of Estimate, hurdles not faced by the landfill operations down around the World Trade Center on the Hudson and shortly to take place in the East River on a site to be occupied by the New York Stock Exchange. Lindsay headed a delegation of seven other city mayors that pressed demands for the installation of antipollution devices on cars before Congress acts on the problem.

They met only with the Big Three, whose stocks were largely unaffected by the whole thing. American Motors, presumably too small to cause pollution problems, was not included, but the stock sank through the week, closing at on 455,500 shares. It was a week in which some of the most important financial news was happening some distance away from the marketplaces and in which, in fact, possibly the biggest single factor was an event that was removed in time. That is the offering by American Telephone Telegraph of an offering designed ultimately to raise more than $3 billion in capital. Monday, will reveal the interest terms to be given on its $1.57 billion worth of 30-year debentures.

Each Telephone shareholder will be allowed to buy one of the $100 debentures for each 35 shares held, and will also receive warrants to buy two extra shares of common stock at a price to be fixed Monday. There was no indication what the interest rate to be paid will come to but the offering was originally announced in February, at a time when the prime rate, the key rate bank's charge their best customers, was per cent. Banking sources noted that Telephone would have to pay somewhere in that range. But the prime rate was cut late last month to eight per cent and one banker said that the effect would be to reduce the amount would have to pay by a half to three quarter per cent. Considering the size of the offering, the saving to the big utility would be in the neighborhood of $8,000,000 to $12,000,000 annually.

Most analysts feel the imminence of the offering has held the market down generally, with a decline last week in the Dow Jones industrial averages of 1.38 at 790.46. was off at on 436,300 shares. Seventeen other stocks on the most active list were also down. The only two gainers were Kennecott, up 1 at 54 on 305,600 shares, and Kinney National Service, up on 227,500. There was one important piece of financial news that fell squarely on target, though.

That was the report by IBM for the first quarter, with a rise in earnings to $2.02 a share from $1.83 in the same period a year ago. The news, which was generally unexpected, put IBM on the list of 15 most active stocks on the Big Board, a rare honor for a stock in its price class. It was up to on 74,900 shares. The stock has been under pressure all week and the wiseacres had all been saying the earnings news would be bad, judging from the behavior of the stock. AMERICAN STOCK EX EXCHANGE A summary of price changes in 50 selected issues in trading during the past week.

Net High Low Last Chg. 13 12 15 6 68 nuaI rate plus stock dividend. Liouldating dividend d- Declared or paid in 1967 plus stock dividend. e- Declared of paid 90 far this year. f-Pavable in stock during 1967.

estimated cash value on exdividend or ex-distribution date. g--Paid last year. h- Decleared or paid after dividend or split uD. k- -Declared or paid this vear. an accumulative issue with divi- NEW YORK DOWN .84 FOR THE WEEK AT 48.86 49 28 26 24 22 Yearly Sales High Low hds.

Barnes Eng 51 BrascanLt 1a 238 .9 Campbl Chib 1013 16 11 Can Javelin 783 Cinerama 2109 Creole 2.60 75 15 Data Cont 21 26 Dixilyn 242 Dynalectrn 216 Husky Oil 30 89 Hiycon Mfg 40 -Sales tn full Unless otherwise noted. rates of dividen in in the foregoing table are annual disbursements based on the last quarterly or semi-annual laration. Special or extra dividends or pavments not designated reg.ar are identified in the following foutnotes: -Also extra or extras. bAn- All time high, 61.27, set Nov. 29, 1968.

The 1969-70 high, 59.32, set May 14; the low, 47.52, set this Jan, 30. Turnover was 45,048,190 compared with previous week's 920 shares. These two indexes are the closest arithmetically to the dollar and cents price of an average share on either of the stock exchanges. DOWN .59 FOR THE WEEK AT 24.33 All time high, 33.25, set 1968. The 1969-70 high, Jan.

the low, 25.03 set Turnover was 12,543,595 compared with previous 14,564,015. Dec. 16, set last July 29. shares week's Net High Low Last Chg. 3 1 20 34 14 10 -Ex-distribution.

-Ex rights. xw- Without warrants ww-With warrants. wd When distributed. wi-When issued. nd-Next day delivery.

-In 02 receivershto or being reorganized under the Bankruptcy Act. or securities AS sumed by guch companies. fnForeign issue subfect to qualification tax. 1969 High Low AbbtLab 1.10 ACF Ind 2.40 Millis .20 62 401 Address 1.40 Admiral AetnaLif 1.40 207 Air Red 24. AlcanAlu 1.20 13 Alleg Cp 3934 33 AllegLud 2.40 Alleg Pw 1.32 28 22 Allied Ch 1.20 24 AlliedStr 1.40 27 213 Allis Chaim 74 65 Alcoa 1.80 13 AMBAC .50 Am Hess 21 Airlin .80 30 ABrands 2.10 AmBdest 1.20 Am Can 2.20 26 ACrySug 1.40 28 AmCyan 1.25 32 271 AmElPw 1.64 Am Enka la 62 A Home 1.50 35 Am Hosp .24 AmMFdy .90 40 33 AMetCIx 1.40 Am Motors 39 ANatGas 2.10 Am Photo .12 A Smelt 1.90 Am Std 1 Am 2.60 31 25 AMK Cp .30 AMP Inc .58 31 Ampex Corp 27 Anacond 1.90 443 Anch Hock 1 2034 15 1 ArchDan 1.60 ArmcoSt 1.60 48 Armour 1.60 28 ArmstCk .80 28 Ashid Oil 1.20 45 3 37 Assd DG 1.20 90 Atl Richfld 2 191 Atlas Chem 1 Atlas Corp 25 Aveo Cp 1.20 13 Avnet Inc .40 Avon Prod 2 301 Babek 1.36 Balt GE 1.82 39 34 Beat Fds 1 Beckman .50 BeechAr 57 30 Bell How .60 34 Bendix 1.60 52 BenefFin 1.60 137 8 Benguet Beth Stl 1.80 681 54 Block HR .24 19 Boeing Co 0.40 601 BoisCas 26 Borden 1.20 26 213 BorgWar 1.25 Brist My 1.20 Bruswk 22 19 Bucy Er 1.20 Budd Co .80 Bulova .60 Bunk Ramo 42 32 Burl Ind 1.40 413 BurINor Burrghs .60 Cal Finanl CampRL 33 CampSp 1.10 33 CaroPLt 1.46 30 CarrierCp .60 21 CarterW 13 Case JI CastleCke .60 36 CaterTr 1.20 61 CelaneseCp 2 34 Cenco Ins .30 45 Cent SW 1.90 Cerro 1.60b Cert-teed .80 24 CessnaA 22 3 183 CFI StI Ches Ohio 4 ChiMil SPP 321 ChiPneuT 2 11 ChrisCft 35 24 Chrysler .60 44 35 CITFin 1.80 42 34 CitiesSve 2.20 31 ClarkEg 1.40 Clev ElIll 2.16 CocaCol 1.44 45 39 Colg Pal 1.30 373 371 CollinsR 31 ColoIntst 1.60 43 CBS 1.40b Colu Gas 1.68 ComiSolv .40 ComwEd 2.20 573 Comsat Con Edis 1.80 41 37 ConFood 1.10 ConNatG 1.76 39 Cons Powr 2 10 ContAirL .50 75 Cont Can 2.20 38 Cont Cp 2 Cont Oil 1.50 18 Cont Tel .72 Control Data 34 27 261 206 2.50a Cowles Com 18 Cox Bdest .30 CPC Intl 1.70 CrouseHind 273 21.

CrowCol 1.07f Crown Cork 35 CrwnZell 1.60 15 11 Cudahy Curtiss Wrt 1 10 DanRivr Dart Ind 27 20 DaycoCp 1.14 23 Daytn PI 1.60 45 DeereCo 2 Del Mnte 1.10 26: Delta Air .40 18 DenRGr 1.10 DetEdis 1.40 Det Steel 1.40 17 DillonCo 158 125 Disney DiversInd .36 62 46 DomeMin .80 73 63 DowChm 2.60 22 DressInd 1.40 DukePw 1.40 duPont 1.25e Duq Lt 1.66 Dyna Am .40 123 East Air Lin EasKodak 1a 32 Eaton Ya 1.40 33 3 26 Echlin Mf .78 .10 20 173 ElPasoNG 1 29 Eltra Cp 1.20 65 Emer Elec 36 25 EssexInt 1.20 28 AR End Johnsn 15 Ethyl Cp .84 EvansP Eversharp 96 FairchC .50 Fair Hill Fansteel Inc Fedders .40 Fed DeptStr 1 39 Filtrol 2 Sale Net hds High Low Last Chg. 177 73 74 119 92 393 45 234 684 44 43 -1 542 201 443 10 624 282 39 266 654 112 30 30 98 23 23 23 313 71: 69 -2 111 143 13 13 632 25: 23 23 428 261 25 421 32 353 32 31 32 1039 42 40 7 23 22 NH 1490 631 32 31 208 33 32 1312 66 63 1788 381 475 22 622 36 37 4555 x1221 391 371 1110 11 10 4585 35 3 29 30 660 35 4363 521 214 25 25 390 53 51 1143 31 31 687 29 28 266 37 202 181 15 53 575 54 858 265 12 44 44 835 33 31 320 237 22 34 22: 253 43 41 1338 65: 3 60 61 214 22 285 4 318 225 21 21 349 101 93 10 1124 381 275 296 303 29 29 3 334 353 166 42 59 151 15 260 34 204 291 283 29: 253 49 753 10 85 1350 303 570 59: 55 684 23 1444 62 61 620 25 146 25 24 1208 62: 995 183 17 17 -1 116 221 21 121 14 483 12 12: .12 601 29 24 24 914 42 39 1 x230 1794 141 C-D-E-F 201 103 132 22 21 x178 351 x188 321 422 38 35 35 3 436 25 25 25 AN 31 70: A 86 261 25 25 748 443 42 587 573 57 1 408 39 36 292 44 43 43 1195 27 3 22 146 20 21 355 28 21 20 232 56 57 309 19 42 37 3 38 558 918 9 26 27 9 AN 465 635 403 3914 112 36 351 178 361 35 36 833 79 329 43 43 131 26: 25 220 321 31 32 905 45 43 43 397 303 29 -1 718 327 291 29 355 381 371 248 36 33 570 28: 27 352 391 385 x268 261 26 243 39 363 634 11 10 240 706 41 3 1039 418 25 233 5 24 231 1587 52 48 66 34 161 236 225 231 54 81 7 79 195 18 19 586 33 x43 255 567 251 24 680 276 35 178 111 Yeurly High Low 3 37 27 13 125 20 311. 22 14 Sales hds. ITI Corp 151 Molybd 1.96€ 178 NewIdria Mn 258 NewPark Mn 171 Ormand Ind 54 RIC Intl Ind 436 Saxon Indust 1393 Scurry Rain 247 Statham Inst 147 Sentex 836 Technico 639 Wn Nuclear 22 dends tn arrears. n-New Issue.

D--Paid this vear. dividend omitted, deferred or no action taken at last dividend meeting. -Declared or paid in 1968 stock dividend. Paid in stock during 1968 estimated cash value on ex-dividend or exdistribution date. Cld -Called.

-dividend. Ex-divi: nd and sales in full. x-dia 71 599 49 48 48 x24 21 278 25 522 45 41 265 876 331 31 29 301 225 365 14 555 17 17 502 642 113 16 221 20 16 201 A 95 591 56 1405 68 254 702 27 01 782 355 24 133 560 15 1270 79 78 244 381 37 37: 178 30 707 395 19 19 108 23 24 601 26 27 271 60 25 26 325 17 18 281 34 1 32 439 29 28 1208 69 232 64 11 11 728 To 27 877 33 38 36 36 2 54 Newsday.