Freeport Journal-Standard from Freeport, Illinois on July 18, 1975 · Page 8
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Freeport Journal-Standard from Freeport, Illinois · Page 8

Freeport, Illinois
Issue Date:
Friday, July 18, 1975
Page 8
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Grain PageB.. Freeport (III.) Journal-Standard, Friday, July 18 1975 Stock Market Report NEW,YORK (UPI) - Selling, triggered' by a new round of interest rate increases, drove prices lower today in moderately active trading on the New York Stock Exchange. New York's trend-setting First Na- .tional City Bank raised its prime rate to 7% per cent from 7% per cent - the third hike in three weeks - and other banks began moving to 714 per cent from 7. . Higher interest rates spell trouble for stocks by making money harder to obtain and short-term money instruments more attractive than securities. The increases were disappointing in view of slackening loan demands. The Dow Jones industrial average, a 17.53-point loser the past two sessions, was off 4.46 points to 859.52 shortly before noon EOT. Declines led advances, 730 to 358, among the 1,545 issues crossing the tape. Turnover during the first two hours amounted to about 7,200,000 shares, compared with 9,600,000 traded during the same period Thursday. White Motors lost % .to 9%. The com-' pany reported a $5 million second quarter loss compared with a $9.2 million, or $1.08 a share, profit a year ago. Johns-Manville lost 1% to 24 and Stanley Works 1 to 68%. Both reported lower earnings. Sony Corp. led the actives, off % to ' 11% on 96,500 shares. Citicorp, parent of Citibank, followed, off % to 35% on 82,200 shares. G.D. Scale was third, off % to 17% on 77,100 shares. Fruehauf fell \% to 1714. A federal judge has ruled the company and two officers conspired for 10 years to evade federal excise taxes. The ruling will be appealed. Prices were lower in moderate trading on the American Stock Exchange. 11 A.M. Quotes Courtesy of Edward D. Jones 4 Co. 11 N. Van Buren Ave.Telephone 233-3118 American Motors Corp 6% AT&T :z:.3o% Chrysler Corp 13 Colt Industries, Inc .......32 Commonwealth Edison..: 27% Commonwealth PFD Crum Forster bid 22% „..asked Exxon Corp -.88% Ford Motor Co 4014 .General Electric Co ."..„.....!.!...50 General Foods Corp ( 26 General Motors 515^ Goodyear 19% Gould Inc. '26% Holiday Inns... ; 13% Honeywell Inc , 3514 Household Finance Corp 16& IBM ; .'."'."'..201 International Harvester 2514 3M,Co... ; 6 o% Newell Companies bid 714 asked 7% Northwestern Steel&Wire 40% RCA 20 % Sears 67% Sundstrand Corp , 2514 Texaco, Inc 27% U.S. Steel Corp 59 Westinghouse Electric Corp ...!l9% Woolworth 16% Livestock CHICAGO (UPI) - Wheat was irregularly lower and corn and soybeans substantially lower at midmorning today on the Board of Trde. Prices at 10:35 a. m • Wheat Jly 3.52 off 5y 4 ; Sep 3.59% off 3%; Dec 3.71% off 2i/ 4 . Corn Jly 2.95% off 5y 4 ; Sep 2.68% off 4; Dec 2.58 off 3%. Soybeans Jly 5.57 off 5%; Aug 5.47 off 3%; Sep 5.46 off 4. Illinois C. Of C. Predicts Deficit In State Spending CHICAGO (UPI) - Unless the Walker administration reduces state spending in the current fiscal year, the state will face a $412 million deficit, the Illinois State Chamber of Commerce predicted Thursday. "Unless the cuts made by the governor are upheld and spending by state agencies held strictly in line, legislators will be forced ... to seek new reve- ' nue sources or. hike present taxes," Chamber President Lester W. Brann said. , Brann said the Walker administration spends "more and more of its appropriations every year, leaving less surplus at the end of the year." He said the surplus is used to pay accrued expenses from the end of the 'fiscal year to Sept. 30 that resulted from the pre- .vious fiscal year. . He said state agencies may ask the legislature for deficiency appropriations resulting from spending cuts already made. Decision To Delete Town From Signs Poses Area Threat CHAMBERSBURG, Pa. (UPI) Mayor William Stover said a decision by Marryland officials to delete Chambersburg from 52 directional signs in the Hagerstown, Md., area poses a threat to tourism and industrial growth in the area. Stover has asked Gov. Milton Shapp to get Maryland officials to put this Franklin County community back on the signs. He has receiyed no reply from the governor. Maryland officials said Chambersburg and Martinsburg, W. Va,, were too unfamiliar to, motorists and the state spent $20;000 deleting the two towns from signs along Interstate 81 They were replaced with Harrisbure and Roanoke, Va. X The-mayor of Martinsburg retaliated more aggressively than Stover, asking West Virginia Gov. Arch Moore to delete any reference to the state of Maryland onxdirectional signs in West Virginia. Hagerstown is about 25 miles from both Chambersburg and Martinsburg. Pekin Youth Drowns ,„ While Swimming In Gulf Of Mexico ST. PETERSBURG BEACH,-Fla. (UPI) - Seven-year-old Richard Klingbeil of Pekin, 111., drowned Thursday afternoon while swimming in the Gulf of Mexico, police said today. Police said the young vacationer was swimming with his father, William Klingbeil, when the accident occurred. Record Deaths And Funerals . . » * . • .' - •'•••-•-. • '' •••-.. JOLIET, 111. (UPI) - Livestock: Cattle 1,500; steers 50-2.00 lower; heifers 50-1,00 lower; high choice and prime steers 55.25; choice and prime 54.50-55.00; choice 49.00-53.75; good and choice 45.00-50.00; choice heifers 46.7550.00; good and choice 40.00-46.75; no canner or cutter cows. Hogs 1,000; 1.75-2.00 lower; No 1-2 200-230 Ib 58.00-58.50; No 1-3 200-240 Ib 57.50-58.00; No 2-3 240-260 Ib 56.50-57.50. Monday estimated receipts: 5,000 cattle, 1,200 hogs. PEORIA, 111. (UPI) - Livestock: Cattle sales insufficient to establish market. Hogs 3,100; 1.50 lower; No 1-2,200-240 Ib 58.00-58.50; No 1-3 200-250 Ib 57.5058.00; No 2-3 250-260 Ib 57.00-57.50, 260280 Ib 55.00-57.00. It Is a principle of American Justice that an Individual Is always presutned Innocent until proved guilty and a report that anyone Is charged with an offense cannot be construed as proof that he committed the offense. . , We rely upon official records for the Information published in this column. Tf . ' Accidents •A doe ran into the path of a car driven by Mary E. Adams, Freeport Route 3,.on McConnell Road east of Red Oak Road'late Thursday night, and the ca'r killed the animal. A car owned by Robert L. Byers, Shannon, rolled.from its parking spot in the Freeport Clinic parking lot Thursday evening and knocked over a light pole. The pole fell onto a car owned by Rich Zimmerman Inc., 2037 W. Galena Ave. Neither car was occupied. Elmer R. Tucker, 749 W. Galena Ave., drove his car from a stop sign and it hit an auto driven by Terry L.' • Linker, 941 W. Stephenson St., at W. Main St. and S. Cherry Ave. Thursday afternoon. Pamela J. Greenfield, rural Fbrres- ton, told police the car she was following had its right turn signal on at S. West Ave. and Fairground Road .Thursda'y afternoon, so she passed it. The driver of the other ear, Jatiell F. Engelbarts, Forreton, told police she had her left turn signal on and when she turned left, the Greenfield auto hit her car in the side. A pickup truck driven by Waiter Pinnow, Orangeville, and a car driven by Jon G. Sisler, 815 S. James Ave., collided in crossing alleys in Orangeville late Thursday morning. Arrests Mark F. Hepler, 1133 S.. Maple Ave., was arrested this morning on charges of burglary and theft. He is charged with breaking into a building owned by Mrs. Buna Crawford on Illinois 26 and with the theft of sterling silver items from that building. The silver items were valued at more than $150. John McDougle, 128 E. Park" St., was r arrested Thursday afternoon on a ' charge of soliciting for prostitution; He is accused of Being involved in an incident between a Freeport man and Maxine Brooks, 5 N. Louis Ave., who was arrested Wednesday on a charge of, prostitution and theft. Police said McDougle was not involved in the theft charge. Break-Ins Someone broke a small hole in a window at,Douglas School Wednesday night and entered the building. Nothing was reported missing but a check was being made. The window was valued at $30. Bankruptcies The following bankruptcy petitions have been filed in Federal Court here- Debra L; Wilkins, Rock Falls, filed a petition alleging liabilities of $5,800.34 and assets of $1,000. She is a dental assistant. Roger N. Erickson, Rockton, filed a petition alleging liabilities of $5,132.01 and assets of $4,350. He is employed by Kennedy Construction. Edward J. Gould, Belvidere, filed a petition under the wage earner's plan alleging liabilities of $3,635.33 and undetermined assets. Federal Court James R. Waller, Rockford, was in- 30.00 Produce MIONIU TCMrtlATUttS gra- CHICAGO (UPI) - Midwest dable nest-run eggs: Steady; prices unch; large 44; medium 33; small 26; breaking 37; checks 31. UTI Wf ATMII FOtOCAM • DURING FRIDAY NIGHT, shower activity is expected over parts of the north Pacific coast the lower Plains, Lakes region and the Carolinas. Mostly fair weather is indicated elsewhere. Minimum temperatures include: (approximate maximum readings In parenthesis) Los Angeles 63 (73), Miami 75 (85), New Or- Xf 5 ( . 87) ', N fn W K° rk70(85) ' PhoenlxM < 10fl >' San F«ncisco56 (73) Seattle56 (70), St. Louis 69 (88), Washington 71 (88). - UPI Photo, ' C O U P O You Pick The Place . . . We'll Fix The Picnic! Everything but the ants . . . PICNIC SPECIAL- BUCKET OR BARREL OF KRISPY CHICKEN With This Coupon Coupon Good Sat. & Sun. Only—July 19, 20 —Other Picnic Favorites Available— • Onion Rings • Mushrooms • French Fries • Cole Slaw • Potato Salad '• 3 Bean Salad • Macaroni Salad • Rolls (G KRISPY 1521 S. West Ave. dieted by the July Federal Grand Jury on charges of possession of U.S. mail and three' counts of forgery. He is charged with having possession of eight government checks and cashing three of them. . Possession Charges For LSD, Marijuana Draw Probation Terms Terry McKee, Pearl City, was placed on three years probation for possssion of LSD and two years proba-. tion for possession of marijuana Thursday by Circuit Judge Robert D. Law. Adjudication of guilt was withheld on both counts. McKee was indicted on the two charges by the Stephenson County Grand Jury on June 4. Although the indictment charged him with possession of 30 to 500 grams of marijuana, the state's attorney reduced the amount alleged to 10 to 30 grams. The two 'sentences will run concurrently. Child Hit By Car Sustains Broken Leg Daniel J. Lewis, 6, son of James Lewis of 326 E. Pershing St., was hit by a car while riding his bicycle at S. Float Av. and E. Pershing St. Thursday afternoon. He was taken to Freeport Memorial Hospital by a fire department rescue unit and was listed in satisfactory condition this morning with a fractured leg. Charles Threadgill, 718 E. Iroquois St., driver of the car, told police he was unable to stop ater he saw the boy ride from an alley into the path of his car. Freepbrter Placed On One Year Probation For Having Marijuana James A. Williamson, 907 E. Shawnee St., was placed on one year probation Thursday by Circuit Judge Robert D. Law fof possession of man juana. Williamson pleaded guilty Thursday to a charge of possession of 30 to 500 grams of marijuana on June 28. Tractor Runs Over Woman At Stockton STOCKTON-Mrs. James Fer- nsteadt of rural Stockton received a broken pelvis in four places when a tractor on her farm ran over her Thursday night. •. ^She was taken to St. Clare Hospital in Monroe, Wis. It was reported she was feedmg cattle and had gotten off the tractor to get more feed. She thought the tractor was, in park when she got off, but noticed it moving. In an attempt to get back on the vehicle, she fell under the rear wheel. » Weather NORTHWESTERN ILLINOIS - , Partly cloudy with chance of showers and thunderstorms tonight. Partly sunny, continued hot and humid with a chance of thunderstorms Saturday Low tonight around 70. High Saturday around 90. ; - Officlal 7 a.m. Freeport weather readings are taken at the city's wastewater treatment plant on South Hancock Avenue for * the National Weather Service.) TEMPERATURE Unofficial noon temperature 85 Past 24 hours: high 91, low 69 Year ago today: high 90, low 70 Records for date: high 98, low 46 PRECIPITATION , Past 24 hours .OO'inch Month to date 1.06 inches Year to date 17.20 inches Normal to Aug. 1, 24.05 inches Sunrise, 5:35 a.m. Sunset, 8:29 p.m. CHICAGO (UPI) - Weather: Extended Forecast: Illinois: Partly cloudy, very warm and humid Sunday through Tuesday. Some scattered thunderstorms mainly during afternoons and evenings. Highs , generally upper 80s or low 90s. Lows mostly upper 60s or low 70s. ^^^^^3M<K•^:•x•x•:•x.:•x•x•x•:•:•x•x•^:!::x•i•:•x•:•^ Mrs. Edward Greb Mrs. Edward (Beulah H.) Greb of Lake Worth, Fla., a former Freeport resident, died Tuesday in a Lake Worth nursing home. The .Grebs moved to FJorida from Freeport. Mrs. Greb was a member of the Order of Eastern Star/ Born Feb. 11, 1892,- she was the daughter of Mr-, and Mrs. William Holmes. Survivors include a son, Donald of South Lake Tahoe, Calif., and three grandchildren. She was preceded in death by her husband 'in 1959, ' Funeral service will be Monday in the Earl Smith Funeral Home, Lake Worth. The body will be cremated, and burial will be in Oakland Cemetery, Freeport. Mrs. Farmer Bast MONROE, Wis.-Mrs. Farmer (Flossie) Bast, 85, of Monroe died Thursday evening in St. Clare Hosspital here following a long illness Born April 11, 1890, in Martintown, Wis., she was the daughter of William and Viola (Watson) Smith. She mar- ried j ca ™er Bast July 30,1910. He died in itjt)o. The couple farmed in Cadiz Township until 1961 when they retired to Monroe. Only nephews and nieces survive She was a member of Martintown Community Church and attended Monroe Bible Church. Funeral service will be held Sunday at 2 p.m. in Newcomer Funeral Home Buna) will be in Greenwood Cemetery Friends may call at the funeral home after 4 p.m. Saturday. « 'Cannonball' Adder ley's Condition Worsens In Gary Hospital GARY, Ind. (UPI) - Jazz musician Julian ".Cannonball" Adderley's condition was described by doctors as extremely critical and worsening today. A statement from St. Mary Mercy Medical Center said he was in "gradually deteriorating conditioon." Adderiey, 47, had appeared to stabilize once since a stroke Sunday paralyzed his right side, but slipped later to 1 being listed as critical and extremely critical. The stroke occurred'when a blood vessel in his brain burst, according to medical statements. * The saxophonist was passing through on his way to start a week-long nightclub date heading a six-member , group when He was stricken. His wife, Olga, his parents, and his brother came to the hospital to be with him. Courthouse Custodian Discovers 'Potted' Bugs Nibbling On Marijuana KLAMATH FALLS, Ore. (UPI) - A custodian in the Klamath County Courthouse has discovered a bunch of '.'potted" bugs in the basement. • Bill Milne said some bugs started nibbling on- 50 pounds of stored marijuana seized by, police in a drug raid and obviously liked it. Now, he said, there were bugs all over the floor attacking the weed. Business Briefs James P. Lohman of 1475 S. Burchard Ave., Freeport, agent of the Northwestern Mutual Life Insurance Co., will receive the company's gold section award Monday for outstanding life insurance sales during the 1974-75 agents' honor year. .He is associated with the Leland F. Dietmeier district agency in Freeport of the John J. Sommers general agency, Rockfqrd. THE ILLINOIS STATE LOTTERY The lotto numbers chosen Thursday night were 36, 08, 24, 34 and 46. The bonanza and millionaire game qualifying numbers were 312, 688 and 531. Ronald Rabe WINSLOW-Funetal service for Ronald (Butch) Rabe of .Winslow Route 2, who died Thursday morning at home after a brief illness, will be held at 1:30 p.m. Saturday in Leamon Funeral Home, Winslow. ; Burial will be in Chapel Hill Cemetery, Freeport. Friends may call today' at the funeral Home. Mr. Rabe'farmed in Oneco Township, Stephenson County. Born Jan. 30, 1924, in Oneco Township, to was the son of Milton and Clara (Schroeder) Rabe. He married Lois Wuthrich June 14,1945, in Monroe, . Wis. Surviving are his widow; two sons, Layne, at hornr,-, and Randy of Monroe, Wis.; his mother and a brother, Eldon, both of Winslow; and two grandchildren. He was preceded in death by his father. Mrs. Virginia Srown ELIZABETH-Mrs. Virginia Brown of Sun City Center, Fla., a former Elizabeth residefft, died Wednesday in Sun City Center after an extended illness. Surviving are three daughters, Mrs. Richard (Sally) DeKam of Portage, Mich., Mrs. Gloria Borregard of Fort Lauderdale, Fla., and Miss-Mary Jo Trader of Sun City Center; and nine grandchildren. ' . Funeral service and cremation will take place in Sun City Center. Frank R. Vincent Jr. GALENA-Frank R. Vincent Jr. of Galena, president of J. P. Vincent & Sons monument works here, died Thursday afternoon in Galena Hospital after an apparent heart attack. A Navy veteran of World War II, he was a member of Galena Veterans of Foreign Wars. He served on the Galena Hospital Board many years and was president of Greenwood Cemetery Association. A member of Galena Elks Club 28 years, he was a past exalted ruler. He also was a member of Galena Masonic Lodge. Born Jan. 26,1923, in Galena, he was the son of Frank and Helen (Barlow) Vincent. He married Doris Anne Ortscheid June 13, 1945, in Galena. Surviving are his widow; a daughter, Linda of Maquoketa, Iowa; two sons, Steven and Fred, his mother, and a brother, Judge J. B. Vincent, all of Galena; a sister, Mrs. Mernice (Jean) Toepfer of Stockton; and four grandchildren. . * He was preceded in death by his father. Funeral service will be at 2 p.m. Saturday in Furlong Funeral Chapel here. The Rev. John Hodgson will officiate. Burial will be in Greenwood Cemetery. Friends may call today at the funeral chapel. A memorial fund has been established for Greenwood Cemev>. tery and Galena Hospital. FUNERAL DIRECTORY BURKE-TUBBS FUNERAL HOME Cor. N. Walnut and W. Galena Phone 232-0613 SATURDAY KROGULL, Marian C., (Mrs. Ervln E.); • 9:36 a.m. at the Funeral Home; 10 a.m. at St. Thomas Aquinas Chapel on No. Harlem Ave. Rosary 8 p.m. Friday at the Funeral Home. Friends may call from 4 to 9 p.m. Friday. A memorial has been established In her memory for the Freeport Catholic School Fund. SCHWARZ FUNERAL HOME 816 South Galena Avenue Phone 232-9017 G. T. Schwarz, W. R. Cramer WALKER MORTUARY 321 West Main Street Phone 232-2136 OF QUALITY 1975 BOBCAT Lease It $Q>I07 For Only. SW 1975 COMET Lease It $QQ72 For Only 1975 MUSTANG II 10 Lease It $ For Only 1975 PINTO Lease H For Only 78 9 L NOW IS THE TIME TO LEASE AMERICA'S ECONOMY FAVORITES! to*. Remember: The Closer You Look Into Leasing At Myers, The Better We Lookl MYERS U-DRIYE, INC. WORLDS LARGEST LEASING fORO AUTHORIZED LEASING SYSTEM Loaned At Myers Ford Sales, ''InTheHwirt Of tonvntmvn 11 E. Douglas St. Phone 233-616 V

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