Alton Evening Telegraph from Alton, Illinois on August 23, 1972 · Page 35
Get access to this page with a Free Trial
Click to view larger version
August 23, 1972

Alton Evening Telegraph from Alton, Illinois · Page 35

Publication:
Location:
Alton, Illinois
Issue Date:
Wednesday, August 23, 1972
Page:
Page 35
Cancel
Start Free Trial

Page 35 article text (OCR)

Stocks move ahead in narrow path NEW YORK (AP)-Despite some softness in blue chips, the stock market moved .narrowly forward today. . Trading was brisk. -. The noon Dow Jones - average of 30 industrial stocks was down 3.76 at 969.75. Among issues traded on the New York Stock Exchange. gainers led losers by nearly 7 to 5. Investor interest has been centered recently in low-multiple cyclical stocks, whose earnings tend to move closely with the economy, rather than , in glamour issues that had -' been attracting most interest previously. McGraw-Hill, up % at 14%, was the most active Big Board issue, chiefly on a block of 174,000 shares at Large blocks also figured in the activity of the second-and third-most-active issues. Pies- sey. Ltd., in the No. 2 spot, was up 14 to 3% on volume that included 80,000 shares at 3%. It was followed by Tenneco, up i£ to 26%. at East St. Louis Livestock prices • NATIONAL STOCKYARDS, 111. (AP) — Estimated receipts for Thursday: 4,500 hogs, 1,'QOO cattle and 150 • sheep. Hog receipts 5,500 head. Trading rather slow. Butchers 50-1.00 lower, largely 75-1.00 lower. Weights over 250 Ibs scarce. US 1-2 210-240 Ibs 29.25-29.50; US 1-3 200-24U Ibs 28.75-29.00. Sows steady to 25 lower US 1-3 300-350 Ibs 26.26 26.75; 50 head shipment US 1-2 near 285 Ibs 27.25; 350-400 Ibs 25.75-26.25; 400-600 Ibs 25.00-25.75, largely 25.25-25.75 Boards 22.75; weights under 350 Ibs 23.50-24.00. Cattle receipts 500 head. Slow, small supply slaughters and heifers mostly 50 lower. Cows steady to weak, instances 50 lower. Bulls steady. Slaughter steers: part load high choice and prime near 100D Ibs yield grade 3-4 35.00; few choice 900-1100 Ibs yield grade 2-4 34.00-34.50; mixed good and choice 33.00- 34.ffO; good 30.50-31.50. Cows: utility and commercial 24.5027.00; few 'utility 27.50-28.00; cutter 24.00-26.50; canner 22.00-24.ffO. Bulls: utility, commercial and good 30.5032.00. Vealers: choice 48.0050.00; good 44.ffO-46.00. Sheep receipts 200 head Spring slaughter lambs, choice and prime 90-110 Ibs 29.00-30.00; choice 28.'00-29.00; good 27.00-28.0. Slaughter ewes: utility and choice 5007.00. Eggs and poultry at St. Louis ST. LOUIS (AP) — Eggs, consumer grades: A large 3141, A mdeium 21-30, A small 11-20, B large 21-32; wholesale grades: large 22-25, standard 17-20, medium 12-15, unclassified 8-10. Hens: heavy (6 Ibs and over) 9, medium (5-6 Ibs) 6, leghorns 2. Ready-to-cook broilers and fryers 29.00-29.75, this week's delivery. Johnson praised MIAMI BEACH, Fla. (AP) — The momentary tribute the Republican National Convention paid to former President Lyndon B. Johnson Monday night was more than Democrat Johnson got last month at his party's convention. Republican National Committee Chairman Robert Dole of Kansas asked for the tribute to Johnson and Harry S. Truman, the nation's two living ex-presidents, in recognition of their national service. County board violated statute BELVIDERE, 111. (AP) A member of the Boone County Board of Supervisors has testified the board violated a number of times the Illinois Open Meeting Act. Harry Willis, who is also chairman of the county zoning board of appeals, told a Circuit Court he could remember at least eight occasions when the act was violated. Willis testified Monday at the beginning of a hearing on a suit filed against the board Dec. 10, 1971, by the lielvidere Daily Republican. The newspaper contended t he- board violated the Open Meeting Act at least 13 tunes. Tenneco's trading included a block of 85,000 shares at 26% A block of 88,900 shares of Carrier Corp., was crossed at 2714, up %. Savings and loan stocks continued active, with First Charter Financial, up % io 31; Great Western Financial, up 1% at 31%; and Imperial Corporation of America, up % to 16^. At noon the New York Stock Exchange index of more than 1,400 common stocks was off .13 at 61.72, while the price- change index on the American Stock Exchange was down .01 at 26.90. Demand boosts futures CHICAGO (AP) — The demand for commodity futures continued strongly on the Chicago Board of Trade today. Brokers for export interest as well as public accounts bought wheat futures with the result that the nearby September option rise 3 cents a bushel. Soybeans advanced Zy 4 cents and oats and corn around 1 cent. Soybean meal moved up $1 a ton but soybean oil prices were little changed. Iced broilers were little changed in very dull trade. What futures have advanced nearly 8 cents Tuesday, then closed with a gain of 4% cents. Export buying, possibly against sales abroad was a feature of the market. As prices advanced there was heavy short- covering. Soybeans had opened on a » mixed tone then improved quickly along with meal under good commercial buying and short-covering. A cool front reportedly was moving into the Midwest and the trade viewed this as a bullish influenced on corn futures. After a gain of nearly 1 cent, however, the pace of trade bogged down. Oats reflectted the strength in corn but trade was slow. After the midway point, wheat was 2% to 3% cents a bushel higher, September 1.88%; corn was % to 1% higher, September 1.27%; oats were 1 to 114 cents higher, September 80% cents and soybeans were J ,4 to I 1 /! cents higher, September 3.44. Registration under way at L&C College Fall semester registration began today at Lewis and Clark Community College, with a large number of returning students appearing during the early hours. On hand to greet them were all faculty members to serve as advisors, as well as an orderly registration-line process which assured students of registering in the least possible time. Registration will continue Thursday from 8:30 a.m. to 4:30 p.m., and Friday from 8:30 a.m. until 12 noon. Evening registration, open to the public without appointment, will be held tonight and Thursday night from 6:30-8:00 p.m. in Hath e w a y Hull. Late registration will be held in Alden Hul 1 from August 28 until September 1. Brooklyn policeman killed BROOKLYN, 111. (AP) Two members of the Brooklyn police force have been killed in shooting incidents within the last eight months. The second officer, Adam Akins, 51, died Monday in Si. Louis Jewish Hospital, lie was shot Saturday morning during a fight at a Brooklyn tavern. Clarence Daniels, 48, is c h a r g e d with murdering Akins. About 2,000 persons live in Brooklyn, across the Mississippi River from Si. Louis. Last December policeman James Towns was shot to death outside a tavern, his assailant has not been captured. McGovern meets LBJ Democratic presidential hopeful Sen. George McGovern, left, talks with former president Lyndon B. Johnson during a short visit to the LBJ IJanch in Texas Tuesday. The former president seems to be a devotee of the long-hair look. (AP Wirephoto) Rotary engine in Japanese car studied at Roxaiia Shell By BILL McFADIN Telegraph Staff Writer One of the hottest items in automotive research today is a small Japanese car called a Mazda, powered by a German engine which some experts say will revolutionize American cars in the near future. Part of that research is going on at the Shell Refinery in lloxana, where Mazda models have been tested for two years. Currently, the Shell research lab is studying a Mazda RX. Heading up the team is Dr. .1. J. Heilhaus, whose interest is not the car, but that power plant, a rotary engine that some say will reduce auto pollution through use of lower- octane fuels and better burning of gasoline in the compression chamber. Dr. Heithaus and his team are interested in the fuels and lubricants that would be needed ti» properly operate the car, or any car with the Wankel engine. The engine was developed by Dr. Felix Wankel, a German scientist, and is currently used only in the Mazda and the German NSU Ro-80. Normally, that would not be enough to convince a major refiner like Shell to spend thousands of dollars on research into the engine. After all, only two relatively small foreign automakers are using the Wankel engine, and neither sells a large number of cars in the U.S. But, General Motors has contracted to pay $15 million for the rights to the Wankel engine in this country, and experts at all levels in the auto industry feel a smart, large corporation like GM would hardly risk that kind of money unless there is some chance of its commercial use by GM for the American road. Dr. Heithaus told the Telegraph the automakers dictate what the refineries will have to work with, in equipment, and Shell is merely trying to keep up with new engine developments. M a n y of the research team's findings are being kept as corporate secrets at Shell, as they are undoubtedly at the other refineries and at the GM tes| center in Warren, Michigan. What's so special about the Wankel is that it is a departure from the present auto engine, in which pistons clank up and down, driving the car through the explosions in each of four, six or eight chambers. Instead, two rotors, each triaiv.'ular, revolve within housings allowing intake, compression, ignition and exhaust Dr. Heithaus refused to say what Shell's researchers have learned about the engine's pollutant factors, but there are other advantages to the German engine. For one. there are only three moving parts in the engine, which has a total of 70 parts. Conventional auto engines have 166 moving parts in -4 total of 270 parts. The wankel. for that reason, is also lighter in weight and quieter running. On the disadvantage side, said Dr. Heithaus, mileage with the Wankel is poor by comparison with ot|her mini-cars and engine durability is questionable. But the Mazda performs well, as this reporter found by driving the import from the refinery down Rte. Ill, over some back roads and through the streets of South Roxana. The car could be driven at 20 mph in third gear (there are four) without noticeable lag and raced out to 7,000 rpms in first gear without apparent strain. That performance has a price, however, and the Mazda currently being tested, with air conditioning, retailed at about $3,800. Its size is approximately the same as a Toyota, a Japanese import sold in the midwest, and its engine displacement about half that of a Pinto, a compact built by Ford. Dr. Heithaus said he is not yet sure what minimum octane rating is necessary to operate the Wankel engine, but some researchers have pegged the number at 70. Shell's lowest-octane gasoline currently produced has a rating of 91. Shell, incidentally, has announced it will cease production of that gasoline, a no-lead fuel, because of disappointing sales. It will be replaced by a higher-octane fuel with a half gram of lead per gallon. The new fuel, "super-regular," will be marketed starting late this month. Low-octane fuels are ideal for smaller engines, one reason the Wankel is heralded as a pollution-fighting standard of the future. Dr. Heithaus defined octane simply as the measure of resistance of a fuel to knocking in the internal combustion engine. The higher the number, the higher resistance to knock. The research at Shell is taking the form of both research on the Mazda and on engines mounted on test stands. Other details of Shell's research are hidden behind that cloak fo company secrecy. The Mazda is the most popular application so far of the Wankel engine, but the car is available in only a few U.S. cities. You can buy one now along the west coast, in Texas, Oklahoma and in the southeast. There are reportedly 1,000 requests for dealerships in the east and midwest. Unconfirmed rumors in the auto business have GM producing a 185 - horsepower rotary engine next year on their 1974 Vega, but no word from GM has been heard. Mazda performs well with a horsepower between 120 and 130. Dr. Heithaus said so far use of the Wankel has been limited to smaller care and no large application of the principle has been made. Apparently, there will be no Wankel used in larger luxury cars. All the results are not in yet, and with research going on in several places, results may not be available for some time. If General Motors decides not to use a rotary engine, Shell's research could well be meaningless. But the lesearch goes on, with the hope by engineers in Roxana they will be on top of any new developments in engine design. Calhoun man blasts commissioners over building of road Efforts made to end road labor strike MARION, 111. (AP) — Union and employer representatives met today in an effort to end a week-old strike of construction laborers which has halted work on highways throughout Southern Illinois. Nearly 8,000 laborers struck Aug. 15 and since that time carpenters, operating engineers and other craftsmen have refused to cross picket lines. Two contracts are being negotiated by the Southern Illinois laborers. The talks today concern union members in Highway District 9, the 14 southernmost counties. Management is represented by the Southern Illinois Builders As.sociation and the Associated General Contractors of Illinois. The negotiations will shift to Mount Vernon Thursday for contract talks between the Southern Illinois Builders Association and employes in District 7, 14 counties north of District 9. In District 7, the unions are asking a two-year contract with a two-step wage and benefit increase totaling $1.50 an hour. They are being offered 80 cents over two years. In District 9, the laborers are seeking increases in two steps totaling $1.50 over a contract length of 20 months. They are being offered 90 cents in three steps over three years. There also is a dispute over working conditions. Laborers in both districts now are getting $5.35 an hour. Worn/an admits giving police ivrong name A 19-year-old Alton woman arrested on a shoplifting charge Friday gave police a false name and then later told the judge her real name, police said this week. Charged with theft under $150 was Glenda Northern of 1319 Central Ave. She had told arresting officers her name was Linda Smith. Police also charged her with disorderly conduct. She was charged after she and a 15-year-old girl were apprehended taking a $1.35 item from Thrifty Drug Store on Belle Street, police said. The two were stopped by store manager Mike Sholar who signed charges against the woman. Critic pops up on floor MIAMI BEACH, Fla. (AP) — The National Welfare Rights Organization's executive director, who had tried to get poor people into the Democratic convention, has shown up on the floor of the Republican gathering. Dr. George Wiley had a pass Monday night allowing him on the floor at Convention Hall, but he wouldn't say where he got it. Alton Evening Telegraph Wednesday, Aug. 23, 1972 D-3 By MAR'.' HAZELWOOD Telegraph Staff Writer II A R D I N — Herman Bimslager, who operates Bim's Place near Brussels, angrily told the Calhoun county Board of Commissioners monday that he will go all the way to the supreme court to get the county to build a road to the recreation area for which he has collected $2,500 in private donations toward the estimated $7,500 in construction costs. lie accused Commissioners William Stelbrink and Steve Fortschneider of trying to back down on statements made at ,i meeting at the site a few months ago. "You are chairman, Steve," he told Fortschneider, ''and you sit there and don't say a word." However, at one point Fortschneider did tell Bimslagcr that the proposed road is "for your own interest." The controversy stems from d commitment from t h e commissioners that the county would pay one-half of the road construction cost up to $2,400 on an estimated cost of $4,800. When final estimates came in, the cost had risen to about $7,500. The commissioners then agreed to pay one-half of this cost. However, Bimslager con- lends that he had been 0 f Ol Stanley F. Deu Adel, 48, of Northridge, Calif., was named the Outstanding Disabled Veteran of the Year Monday at the DAV's annual convention in St. Louis. The 48-year-old World Wat- U veteran has been confined to a wheelchair since being wounded in an at- tacli on a German position near the German- Austrian border in 1945. He is currently vice president and general manager of the Bank of America's data processing center in Los Angeles. (AP Wirephoto) GOP conclave marred by only one fight, and it was mild By JOHN BECKLER MIAMI BEACH, Fla. (AP) — The Republicans have had their only fight, and it turned out to be a mild one. Delegates from the big states struggled briefly before the convention rolled over them and approved a 1976 delegate allocation plan that favors small states. After the 910-434 roll call vote sealed their defeat Tuesday, the leaders of the slight detour into dissent returned quickly to the high road of harmony and unity down which the convention is proceeding to a conclusion tonight. That unity may not last after the November election, however. Republicans from Pennsylvania and Massachusetts served notice they would seek a court test of the new plan sometime after the election in an attempt to have it declared invalid. The Ripon Society, a liberal Republican organization that won a court action against the plan in effect for this convention, said it also will bring suit against the new plan on the same grounds — that it violates the one-man, one-vote principle by giving small states a voting edge over large states. The issue could determine the makeup of Republican conventions for decades, but despite such weighty implications the convention fight was more, a well-mannered debate than a struggle for the soul of a political party. Interviews with delegates picked at random on the convention floor found many confused about just what the proposals they had voted on would mean. "We never expected to win," said Michigan Gov. William G. Milliken, who helped get the controversy to the floor when it appeared to be dying down. "But we felt it was important to make our point." "At least it generated some interest," said Rep. James H. Quillen, R-Tenn., who was on the winning side. "It's the only excitement we've had." The plan approved by the convention awards extra delegates to states that achieve Republican election victories. Nearly all the bonus delegates go to states that are carried by the ^Republican presidential candidate, which was the main issue in the dispute. Delegates from the large, industrial states that frequently go Democratic in the presidential race, wanted the bonus system based mainly on GOP victories at the state and congressional- district level. assured privately that the county would pick up all costs above the $2,500 he had gotten from owners of property in the recreation area. Commissioner Lavon Johnso was the only one of the three commissioners to escape Bimslager's wrath and that apparently stemmed from the fact that he did not attend the meeting at the site. Bimslager maintained that Fort Schneider and Stelbrink had assured him that Johnson would go along with whatever they decided. This was vehemently denied by all of the commissioners. Bimslager not only charged thai the commissioners "wanted C'alhoun County only for Calhouniles," but pointed out that if he sold the land to the conservation department the land would go off of the tax books, "and you'll have them a n y w ay'' (referring in outsiders.')) lie also threatened to sell the land to a minority group and then you'll build the road", he said. He severely criticized the management of the county. "If the county is broke then we had better get someone else to run it," he observed. A meei'iiL; between t h e commissioners, liimsiager and the pr iperty owners at the reere.ilion :irea is sel for Members of the Jellervju Airplane, rod; f;n»up, *it assaulting a police officer. Charles Cassidy, 32, t-en- in Municipal Court at AUivu I'liesduy uhere they uere ter, member of the £roiip u'ls charga! with disorderly arraigned following their urn-st ait< r a distiirhunct at rook festival at Akron UutUn r lio^vl Monday night. eomlurt, and 1'aul hauler, ,'il, right, Slick's friend, charged with assaulting a police oll'icer and yelling me uuei noun 01 .iej)i. ;j in the, circuit court room. Lead suiter Grade Slick, &>, loll, uas charged with obscenities. (AP Uirc[ihoh>)

Get full access with a Free Trial

Start Free Trial

What members have found on this page