The Columbia Record from Columbia, South Carolina • 52

TT- 8-E THE COLUMBIA RECORD Thursday May 2 1968 John Cunniff Market Is Slightly Higher At Opening D-E-F-G Earnings 77N 94 i Supersonic Airliner Given Full Review 4 i NEW YOKE (AP)-The stock market was slightly highrr at the opening today Troding was 1 moderately active i on vm i Ihii! 40 4N UitOnPcf 7 94 4 -t'Unrov4l 120 a 'i unlArlm 44' UrtitAirc I 40 Unit Cp AOr 41 4 Un Fruit 140 i orit MM I 0 1 40 H'l US blHAi io IIS t- 4 uSGpsm 14 30N 42 i Vr 4 7k 31 4 i a 4 4 a 4 l' iM 19 Cains held a slight edge over 44 '4 SUft 75 4 11 -t- a 54 4 34 to 59 29 4 '4 4ft 4 6 4 4 40' 4 1 1 a'4 71 19 CO Amr mfg Aryo ci bdldAin -mentrs H-i! buftinft rm '-Mrd BrfuK CiQftrf BhI if I Cdn Bjnkvr hnl Cft'-f PdC utflft 1 median pc Cnnir mn pr L(rnr vt fiw in -craft md '4 a IV losses Murphy Industries rose 1 3 7 i i 44 a 4' 4 LK-tl tl i I 4 Di 5tl rt 'Tihdifi I tfi ()-v jif f'-i 41 rrfjAfh'M 7n Urvrl 4 9 at £2 1 I 3 41' 5 1 4 Itepuhlie Steel nlf ni ai tf 109 74 10i 2i 1 70 i j0 34 2i 45 49 2 1 ISO 1 44 70 Jl II 19 7 54 4 4 44 51 25 8 31 92 41 4 ft 4 it 5k 4 34 97 1 76 If 56 4 I 44 4' 4 45 4 40 44 27! 29 i 3 78 a 4 2i 31 a 34 34'ft 4 4Mk 43 491k 37 44' 57 4 4 II Sh 4 J4 1 4 a 74 a 4h 4 i 4 4 40-k 4d 7k 79'a 3 78' a 47' ft 77 3-4 Ml IS i 75 4 4 a Hi 44 4 32 4 74-ft 12 4 In Jtaymund ntornatinruii up 24' llagnavox off at 1 Central up 'i at 74 and rrVm up id Ci od Inuinl wi Oi Ltiiit Sp uSPCn 1 sg ir irrmit in JS S(OhI 7 40 Uptonn I 40 i Vftrian Vr-noo CO 40 VftLiPw I 44 'V4tlP Wl M'irnLAmt) 1 Aai dt I 20 i Awtn mrL I 'Vr hrtnc 1 70 lAnUTnl 140 tfitgfcl 1 49 79 UN 'el 4 Douglas 29 fe 19 4 4 ISA 4 41 7 a 5 1 2 i 31 1 SS 4 t-v 41 4S'a 4-' 3 3J -th 194 McDonnell 51 I 4st Aw 1 a' 1 1 KC'Idl' wi ALso American (anaiuid up at 24 Ceneral Tire up 1 i i 1 iMN i vr 14 21 NN 46 Aft jJN 24 4 5 2 15 I'-' ICnmm cred Coni I Crpr ranoe a CKrif I Emrry air fq Empirf tin a'Fmpire St oil aGf lakes paper ltd Hflme prods illl pr Indust plywd Kssoll Mrquay norrls Masco s4 Monarch mark tvs -t-ii'Mont -dak'ofa utils 48 4 79 4 37 78 a 4 'a 41 VI 'a 31-4 -t- 36 35 74 4 45 1 4 6J 4 -49 32 4 74 41 4 2-i 31 5 97 a 46 4 In- n- 37 7' IV a 97 4 S7a 74 4 36'a II 4 41 4 4 in 37 10 11 7 fpefSp jf at American I'liotocopy him i at 177: and Armco Steel il' l- at up up 9H 4 Ja Arvnnr 14u JAU j'llriCp 140 a 4 iintf Mol 7b Si a 4 flmnUiJi 150 2 4 'fin ftociAUrlh 1 3 -t 1 a I A-ro(p 1 40 14 1 rigijit MU 4i 4 1 Tuft 41' 1 CciprnghP'a 6 2b4 4 28i54 2o4 43 Etching? J4 42 6i'z 4I' 4- 4 by The Associated Prss Other Stocks Corrp-ed by Coumbta otfKe of LyrKn Pierce Froner and Srmlh 4Va 6 -71 a 19 4 75 125 41 26 34 4 I 1 2 43 74 a 77 19' 3A'4 44 11' 54 V'n 74i 1 7)j 34 704 37 -a X-a 74' 78 7ft 74 77 IV 4 K'4 2s 4 44 4 S3 3li 24'ft )4a 77s 1 2i4a 34' 70' 29 'ft 74 7 4 7ft Ofrrjrnt i5h finiE lift 1 Or a Of IU OfiaNiiS 112 rtr7i 170 OrvNirk fclcw 7 Oulhd Mr 1 'OArnslll I 15 Pac El I 40 1 Pn Ltd 1 40 Par Pet 15a PricPwL I 79 PacTAT 170 PanASul 1 50 Pan Am 40 Pinh I 4 0 ParkeOavis 1 iPrnnDu 40b V'nnpv 1 40a PnnnCfn 7 49 PiPwl I 1 54 make noise reductions in jet Withington said can make the hardware But the hardware burns The main effort in noise reduction now will be to up the thrust without destroying its to produce a high frequency noise that will be dissipated sooner than the typical low frequency wave now emitted Noise has long plagued designers of the supcrsonics particularly the sonic boom made as the plane exceeds the speed of sound As a result Boeing now claims it foresees use of the SST only on overwater ionics This claim is disbelieved by some anlisonic boom groups which note that Boeing isn't likely to settle for 500 sales by 1990 which might be the case if the craft were used only over water when the potential exists for 1200 sales if overland use is permitted The engine noise remains a big problem however and is so serious that Withington terms il principal research The entire study program was described this way: 1 A thorough review of all the detail design criteria being used 2 A look at the materials techniques and designs being used For example should greater strength be sought in the use of honeycomb metal instead of sheet titanium 3 A review of alternate configurations meaning the basic concept of the plane Airlines which had put up some funds also agreed to delays Withington explained that the prototypes do not necessarily have to be as good as the production models that would follow he said actual performance of the present configuration was a bit too far from what is needed in a production In February he said were about to cut metal The drawings were about to be released to the shop It was a critical With perhaps billions of dollars resting on the decision and with Russia France and England already well ahead with their commercial supcrsonics the Boeing team which prides itself on being dominated by engineers decided to seek the delay was a gap greater than it should between the design and the performance desired Withington said Influencing the decision was the fact that a study team already was on the verge of solving some of the design problems was far better to get corrections made before cutting the Withington said costs now could mean savings later in the Withington explained weight was going up and this comes out of the payloads the plane can An attempt now is being made to lighten the craft without a loss in safety Engine noise also presented a frustrating problem understand the theory of how to NEW YORK (AP) Design and construction problems that have delayed completion of the American supersonic airliner one year to the spring of 1972 arc resulting now in a complete review of the program by the Boeing Co the builder In an interview here II Withington Boeing vice president and manager of its supersonic transport branch said a slight chance exists that even the basic design of the plane could be changed before the end of the year An indication of the completeness of the review was given by Withington in these words: there is a better idea we should know about it now If we decide an idea is good we'll study it more aqd make a final choice later this year not overlooking a thing that anybody can propose that might do a better Included in the new design studies is a concept developed by the National Aeronautics and Space Administration for an even thinner 1 -I i idealized'1 design that would have fixed rather than movable wings W'ithington added however (hat weight and jet engine noise problems were among the major considerations of the study and that considerations of a change in the over-all concept are mostly for insurance The Boeing studies began before last February when the company requested and received a year's delay from the government in its contract to produce two prototype SSTs 54 30 07 SI 30 31 72 64 15 17 42 171 75 4 '8 32 19 19 12 17 4 54 3P 74 4 1 a 77'ft 4 4 i 4a 3AU 70U 37 -a 'a 744 'i Amrr Standard Mid Amer PPIIne i Howell Iifrct Governor 75 7 1 4 Fruehaut Sid Kollsman Ind iI 4 Afest Chem Prds JJa 2 Merry Bros Brick 41 Today's Dividend Meeting Agenda Ooiiv llr mis ffd Paterson parcfim Pato cnntol Pennroil un Phelps dodoe Pitney 'bowes Pi vc co 0 Publish cn Rio alqcm Rnvai rm cola Chq 4t ins lead Srhinmbrqr ltd 4 2 Sroviii mfq Smqer -gSottfhn nat oas ilv4nufh4 jStanray Stenan chem Vernifron Wettn pec rr Westn union inti Wise pub sve Zausner Ids Bk Mo Clb CON Petro Ltd Cmrin Mil Meh Computer Usoe Desiqnatmnics Drq FrCom Drq Duolan 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'-I 70 A2N 01'f O'jR 35 30 15 14 A0 5 pr lk 35 06N date 4IN 42N prin Frchmnf 55 ti'Phips Dodqe 80 1 jPnkrfn 7'i Ni Ptis Wvr RR 49 1x DlttO 37' 4 Ni Ditto 24'ft NRymd Inti 44' -F NiRrtimn Bros N'Ritr Fin fwiSnta fe Drlng Ul" Sj Sxln -f 'ijScrvnr Bqrl tiff Snm Msn Ltd I'lSnqr 11! 1 1 1 svr1n lnd I11 "'Slhn Ntri Gas Vr M11 15 Corrected 115 56 40 61 48 69 34 179 70 1 17 II 49 65 187 77 19 74 17 77 6 14 52K MOiHnrt 7 10 StOilNI 1 i MOlOh 50b St Parkanmq MaufICh 1 80 Sterl Druq 1 SfevensJ 725 67N AI 1 4l' 53 71 71 61 67' UN 14 40 40N 44N Mi 58-4 58' 67'' 64 last year and the total is expected to increase even more rapidly than its domestic equivalent The chemical industry according to one study will in-crase its shipments by more than 225 per cent over the next 15 years he said Vaughn said it was difficult to think two industries serving more diversified He added my opinion the Eastman Kodak Company is well situated to participate in the opportunities they Eastman stockholders approved a 2-for-l stock split 630 6 12 7 I 5 2 Tlie Columbia Public School bystem will offer a summer school program of remedial and cnrjchmrnt work for junior and senior high school students at three local schools The secondary summer school program begins June 10 and continues through August 2 It will operate at A Flora High or grades 10-12 Eau Claire High fur grades 7-12 and Kon-si7nan Junior High School for nij grades 7-10 W3 The summer school program 4-14 which is not tax supported and tli therefore requires a tuition fee ws offers courses for credit Offered are most regular junior and senior high school courses including English Science Social Studies Mathematics Typing- Psychology Such courses as Spanish Hookkeeping and Art will be offered if as many as 20 students enroll in any one of the courses Spcical officerings will include a physical education program at Drchcr High School driver training ABC Slcno-Script Shorthand remedial reading developmental reading Upsnn Wiilarn 33' Trn 37' Wyndt Ind 18 IntrMird divd I Sun Oil 1h Sunriy 150 SurvyFd Me 40' 4 51 4 i 58' 6N 6AN 43N 4 4' SS' I 47 137 pany's annual meeting Tuesday in Fclmington (Eastman started operating last fall a synthetic fibers plant 10 miles south of Columbia) William Vaughn cahirman said that Kodak operates in industries that are by size diversity and growth" He said "For some years gross national photo product the value of photographic merchandise shipped by all manufacturers to the United States domestic market has grown at over twice the rate of the American economy as a whole The value of these shipments advanced in 1967 to about $3 billion Many observers predict continuing gains approaching 10 per cent per Vaughn said that the value of photographic products made and supplied by all manufacturers abroad neared $15 billion 5 66 81 34 37 12 46' 43N 4i 76 25N 47' 64 43 6N 75N 75 47N Members of the South Carolina Automobile Dealers Associa lion their wives and industry friends will leave Columbia by chartered aircraft May 9 for their 28th annual convention at Runaway Bay Jamaica The group will include 160 persons Columbia Attorney Singletary will lecture the delegates on the legislative procss in South Carolina May 10 Association Ceneral Counsel Reese Daniel will explain provisions of the recently enacted Motor Vehicle Sales Finance Act New officers and directors will be elected at the annual membership meeting May 11 LcConte Gibbcs Columbia dealer now serving as president will be honored at a reception May 11 This year's convention com' mittce includes Robert Pulliam and Hancock Jr Columbia dealers and Pulliam as golf director King's Widow Signs Contract To Write Book TampaEI 12 Tektronix Terdyn 7 Wt Tnnnecol 78 Texaco 280 TrxE Trn 1 70 TevGSul 120 TexGSul wi Tesaslnst 80 1ePld 40e Textron 0 Tnokoi 40 1M 36' 36' AS 76" 7S 76 37 74' 741 33 136 UV 1' 4-AS 46 45 46 4 S4 107 1071 10 75' 35' 1 4- 1S4 5T SI 4- i 346 I 31s SV 1S- 7' 7' 4- 3S' 39 41 1 53N 79 NEW YORK (AP) Dr Martin Luther King widow has signed a contract to write a book about her life with the TrnnsWAir 1 Ji SONOCO Products Company Uartsville reports earnings of 344 cents per share in the first quarter of 1968 compared with 366 cents in the first quarter of 1967 Sales were up 153 per cent -n I slain civil rights loader the 1 rnnitron TnCont T0r TRW Inc IM TRW Inc Iwrn Cent I publishing house of Ilolt Rinc- thru 1 hart and Winston reports A spokesman for the firmsaidand work-study skills' flcxibic jp i Wednesday that it had initiated reading and sewing 2i '1 for the book 'S'tion is scheduled for early 1909 Registration must be done in the pupil's own school UMC Ind 77 7 I 70 140 67 71N 174 44 i 36 4 251 6 JIN 71 Un Flee UnOiiCal Price Of Gold Rises In European Markets TIIE POTENTIAL FOR continued and substantial growth in Eastman Kodak's photographic chemical and other marketing areas was outlined at the com- industrial users especially American rather than 1 4 4' GROWING? i'vv- WNOK-TV To Boost Power Financial VP (or ipacial projaeh Available for (man-cial projects with Industrial or Development firm WNOK Television of Columbia a CBS affiliate on Channel 19 will ircrpi'-p its power FMC PO Box 1271 Columbia SC 29202 LONDON (AP) The price of gold in bullion markets reset onew high stodayde-kets rose to new highs today despite indications from Washington that Congress is preparing action to reduce the US foreign payments deficit In the London market the price was fixed at $3925 up five cents on Wednesday night's close This was the highest level since the reopening of the London market April 1 The rise has been steady for 10 days since Federal Reserve Chairman William McChcsney Martin's warning of the danger of another financial crisis In Frankfurt the price was $39123 an ounce up 2i cents On the London foreign exchange market the pound dropped 13 points at the opening apparently on the news from Washington with its implications of tougher selling conditions for British exporters in the United States The pound npened at $23963 down from! then cased another point to $23962 Dealers in the London gold market said turnover was very brisk but they believed much of the demand was coming from erf cast day by McElvcen is president of he most pow- entire South iced Wednes-j McEIveen Jr executive vice Palmetto Radio Specializing fai buying selling and leasing commercial and industrial leal estate WALTER A KEENAN CO sines 1906' Corporation parent company of WNOK Television The power increase granted by the Federal Communications Commission in Washington will advance Channel 19's signal to one million two hundred and fifty thousand watts McEIveen said delivery of the very latest model RCA trans-mitting equipment is expected to begin next week and WNOK-TV should be operating on its million plus power by the first of July The increase in power will enable WNOK-TV to put a Grade signal into neighboring cities of Sumter and Orangeburg and bring a good viewing signal into all sections of the state Walter I Berley Keenan I Kiltrell within a 79-mile radius of Col- Advance Viev 0 Duke's Keovee-Toxaway Project LOUNGE jtimhia 1 WNOK Television will also have local live color cameras in operation next month The stallion has carried network pro OPEN 4:30 PM Pauauian and Centum ptian Permit stS A BEER CHAMPAGNE WINE DANCING 1 crams in color since 1936 and 1 film programs in color since Duke Power Company's Keowec-Tnxaway Project will look like this when the Oconee and Keouee portions arc completed in 1974 At far left is the Little River arm of Keowec Lake and the onnectir5 canal that joins it to the Keowce River portion nf the lake Keowec Lake will have 18300 surface acres of water and over 300 miles of shoreline At renter of the architectural painting are the three units of Oconee Nuclear Station each capable of ESS 300 kilowatts and to the right of the station are the switchyard facilities that will start the electricity generated on its way to Carolines cu-tomers of Duke Power jmid 16 MOTOR LODGE dear Station will come in through an intake canal dower left-ccrter) ard be discharged behind ard to the right of the station The projects orcr lae Lase Jocassec is the wide portion at the far north erd cf Lake Keowec KNOX AIIOTT Cayea Dining in Howard Johnton'i Rittounnf WNOK TV and AM ard FM I Radio moved into new studios in Hampton ILils on Devine street last June.