Alton Evening Telegraph from Alton, Illinois on August 28, 1972 · Page 17
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Alton Evening Telegraph from Alton, Illinois · Page 17

Alton, Illinois
Issue Date:
Monday, August 28, 1972
Page 17
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Page 17 article text (OCR)

Stocks maintain level course t NEW YORK (AP) - Stock prices flowed along a level course today, with trading slightly above the pace of a trickle. At noon, the Dow Jones average of 30 industrial stocks was off .90 to 958.46. Advances and declines were in balance on the New York Stock Exchange, with 578 gainers to 588 losers among l,493.issues traded. The NYSE index of 1,4'00 common stocks was off .09 to 60.84. At the American Stock Exchange, the price- change index unchanged at 26.71. "A lot of people arc away 18 selected stocks Following are' today's noon quotations of New York Stock Exchange issues research has indicated are widely held in the Alton area as supplied to the Alton Telegraph by Newhard Cook & Co., from its Alton branch office. The New York Exchange closes daily at 2:30 p.m. (Alton Time), so these are not the closing quotations: Airco, Inc 19% AT & T 4334 Clark Oil 19% General Motors 78% Grant (W.T.) Co 38 Kresge (S.S.) Co 43i/ 8 McDonnell Douglas .... 337 8 Mobil Oil 66% National Steel 40 Olin Corp 17i£ Owens-niinois 45'/ 2 Penney (J.C.) Co 80^ Sears 1041/4 Shell Oil Co 48% Squibb Beechnut 97% Standard Oil (Ind.) .... 74% Standard Oil (N.J.) .... 78% U.S. Steel , 30% Eggs and poultry at St. Louis ST. LOUIS (AP) - Eggs, consumer grades: A large 3140, A medium 23-33, A small 12-22, B large 23-33; 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 29.25-29.75, this week's delivery. oday this week," said one analyst. Other analysts said an announcement this morning by the Commerce Department that leading business indicators rose 0.7 per cent in July, compared with 0.1 per cent in June, offset last week's bad news of prime rate hike. Twentieth Century-Fox, the subject of block trades involving 59,800 and 28,900 shares, was the morning's most active Big Board issue, unchanged at 10%. Soybean futures surging CHICAGO (AP) - Soybean and wheat futures surged from 3 to 4 cents a bushel on teh Chicago Board of Trade today, and fell back under profit-taking. Corn futures advanced 1 cent, but oats' were irregular. Soybean meal gained nearly $1 a ton but soybean oil was irregular. Iced broilers were unchanged in dull trade. Two factors stood out as influences in the wheat pit. There was some cautious talk from USDA officials that mainland China might have to seek wheat abroad because of poor yields. Another factor for the short term was the government's decision not to increase, the export subsidy as wheat prices rise. After the initial flurry of buying profit-taking set in and wheat prices slid. There was some talk in the trade that Russia might be in the market for soybeans and meal, and this stimulated the bullish element. Profit- taking after a 3 cents rise brought prices back half way. After midsession, wheat was V4 to 1 cent a bushel higher, September 1.85%; corn was % to % higher, September, 1.29%; oats were % to V 2 lower, September 81% •cents and soybeans were 1% lower to % higher, September 3.441/4. MUNICIPAL BONDS PAY HIGH INTEREST RATE We invite you to ask for list of available Bonds. MOMCiPAL BOND CORP. First National Bank Bldg. . 200 W. 3rd St.,—Alton—-Phone 465-6601 YOU'LL FIND ALL YOUR SCHOOL SUPPLY NEEDS AT GODWIN'S College Outlines Diction*' 165 Typewriters "'«*.• We have the tools to write with We have the papers to write on . GODWIN OFFICE SUPPLY "Alton's Commercial Stationer" 114 E. BROADWAY — ALTON PHONJQ maslei charge New bank opens The plush lobby of the new Metropolitan Bank & Trust Co. on the Bcltline was visited by hundreds of guests at the bank's grand opening Saturday. Red Sclioendienst and other baseball notables were present for the ribbon-cutting ceremonies. This view shows the carpeting and the self-service counters for bank customers. More ceremonies, featuring other celebrities, are scheduled for the next two Saturdays. Penney stores report 16.9 gain during second quarter MANNS CO. ,_ S^L . &„,/, . 1IUJ .7,.,,.A H UNIV. OF ILLINOIS STUDENT COSTS HAVE ADVANCED 6.6% ANNUALLY INTHELAST4YFARS CAN YOU AFFORD TO SAVE AT 5%? J ^g a tip || Fre. |ifl Parking ERWIN MANNS ILLINI FEDERAL BLDG. REGISTERED PRINCIPAL ALTON 463-1212 165-7756 How Smart Investors Use Our Services. First off. they tell us what investment targets they have trained their sights on. This lead to a discussion of common stocks versus preferred stocks versus Bonds, or a combination of these. Serving Alton Investors ioz More Than 40 Years Newhard, Cook & Co. INCORPORATED L MEMUEKS NEW VOKK STUCK EXCHANGE, INC. 50^ first National Bunk lild*. — Alton Ph. 465-3585 John E. Greenwood Ac-count Executive Eugene B. Sbultz Resident Manager NEW YORK — J. C. Penney Co., Inc. reported today a 16.9 per cent gain in net income for the second quarter. The department store and catalog chain had net earnings of $28.9 million for the 13 weeks ended July 29 against $24.7 million for the sa.Tifi 1971 period. This amounts to primary net income per share of 51 cents compared with 46 cents last year. On a fully diluted basis, earnings for the period were also 51 cents against 45 cents in 1971. Penney's sales for the second quarter rose 14.4 per cent to a record $1,227.1 million from $1,072.9 million. Net income for the 26 weeks ended July 29 was up 17.8 per cent to $48.7 million this year from $41.3 million for the comparable 1971 period. Per share earnings for the half amounted to 86 cents against 77 cents a year ago. Fully diluted earnings for the period were also 86 cents, up from 76 cents in 1971. As previously reported, Penney's sales for the 26 weeks were 14.3 per cent ahead of last year. Volume for the half .reached a record $2,333.2 million compared with $2,040.5 million last year. Chairman William M. Batten and President Jack B. Jackson attributed the second quarter earnings gain chiefly to the strong overall sales performance. Batten and Jackson said that while sales gains for the first two quarters were approximately the same on a percentage basis, the company did not achieve the Police book 3 drivers after crashes Cars driven by Harold Lee Smith, 46, of 3621 Berkley St., Alton, and Sidney M. Peters, 41. of 38 Ouatoga Bluff, Godfrey, collided in the 4'00 block of Milton Road at 5:30 p.m. Sunday, police said. Both vehicles were traveling north in the 400 block of Milton with Peters in the lead. When Peters stopped to make a turn into the parking lot of a produce firm, Smith collided with the rear of the Peters' car, the police report showed. An earlier accident Sunday, at 1:10 p.m., involved cars driven by Gerry L. Wallace, 23, of Shipman and Gaetano Ismail 76, of 111 St. 5th St., Benld. Wallace was driving west on the Beltline and Ismari was going South on Seminary when the two collided. Police charged Ismari with failure to reduce speed to avoid an accident. An auto accident at 2 a.m. today involving cars driven by Richard Holman, 23, of 348 D Mitchell St., and Willie Lee Littzs, 43, of 2616 Clawson St., both of Alton, occurred at Piasa and 20th Streets. Holman was driving north on Piasa and LitUs was going west on 20lh Street when the two collided. Litlzs was charged by police with failure to yield right-of-way. same degree of leverage from the second quarter increase as it did from tht first quarter gain. They attributed this to pressure on profit margins resulting from the Nixon Administration's Phase II program which has frozen retailers' mark-ups during a period of gradually rising operating costs. The Penney offices said that inflation played an "insignificant" role in the company's sales gains during the second quarter and the first half. While prices in some categories have gone up, these increases have been offset by declines in other categories. Current price levels on the average epresent little change from, a year ago, according to Batten and Jackson. During the first half, the company opened 25 new stores, enlarging store physical plant by 4.2 million gross square feet or 2.4 million square feet of net selling space. During the 1971 period, store plant increased by 2.2 million gross square feet or 1.5 million square feet of net selling space through openings of 17 new stores. Square footage for both years takes into account store closings. Most feel McGovern is liberal PKINCETON, N.J. (AP) The latest Gallup Pall shows 44 per cent of Americans view Democratic presidential nominee Sen. George S. McGovern as liberal, while only 24 per cent label themselves as liberal. The poll, taken Aug. 5-12, also showed 22 per cent of the 1,465 persons interviewed nationwide chose the label "very liberal" for McGovern. Gallup reported that the proportion who viewed McGovern as very liberal had almost doubled since a similar survey was taken in April, when the figure was 12 per cent. In the April poll 33 per cent viewed the South Dakota Democrat as liberal. President Nixon's image was considerably more conservative and more in line with the image the voters have of themselves. Twenty- five per cent saw Nixon as middle of the road, 52 per cent as conservative, 11 per cent as liberal, and 12 per cent had no opinion. Of those polled, 41 per cent saw themselves as conservative, 30 per cent as middle of the road, 24 per cent as liberal and five had no opinion. Eleven per cent thought McGovern was conservative, 22 per cent saw him as being middle of the road, and 23 per cent had no opinion. Construction employes reject pact Alton Evening Telegraph Monday, August 28, 1972 B-5 Wow, what Car knocks youth into window; driver booked A n 18-year-old Alton motorist who knocked a youth through a plate glass window early this morning, was charged with reckless conduct and leaving the scene of an accident, police reported, cident, police reported. Stephen Paul Van Allman of 3608 Horn St., was arrestel at 3:40 a.m. Police said that Van Allman was arrested after he drove over a curbing at 1108 Milton Road and knocked a 17-year- old through a plate glass window of Artsco Radio & TV Repair Shop. Bruce Boyer, 17, of Park Avenue in South Roxana, was sitting on the front ledge of the TV repair shop when Van Allman's vehicle struck him and knocked him through the window, police said. After the accident Van Allman drove away from the scene, according to witnesses, and was arrested later at Lewis and Horn Streets, police said. B o ye r was reportedly treated at an Alton hospital but officials at both hospitals said they had no record of it. WEST FRANKFORT, 111. '(AP) — The strike of construction workers in Highway District 9, which takes in the 13 southernmost Illinois counties, is set to resume ri OLfft today. Sunday, union membership contract rejected a tentative contract agreement. The tentative agreement between the Southern tlinois Laborer's District Council and representatives of the Southern Illinois Builders Association and the Associated General Contractors of Illinois, was worked out last week under federal mediation. The laborers had walked off their jobs Aug.' 15, along with union members from neighboring Highway District 7. The workers in District 7 agreed on a tentative contract last week without the aid of mediation, and voted in favor of it at Sunday's meeting in West Frankfort. Terms of the contract were not released. Apollo 17 Commander Eugene Cernan puts his hand to his t'ace as lie exclaims during rollout of their moon rocket this morning at Cape Kennedy. Left is Dr. Harrison H. Schmitt, lunar module pilot; right is command module pilot Ronald Evans. Apollo 17, moved to the launch pad today, blasts off for the moon Dec. 6. (AP Wirephoto) Macoupin treasurer mails .1 million to tax units 17 from area will get degrees at Carbondale Twenty - seven students in the Telegraph area will receive degrees at the summer commencement exercises, Sept. 1, on the campus of Southern Illinois University at Carbondale. By counties, they are: GREENE — Lois Mann, Carrollton; Virginia Carter, Susan Ford, Carolyn Lemon, Claudia Picou, E1 d r e d ; Greenfield; Roodhouse; White Hall. JERSEY S c h r o e d e r Dow Daniel James Dates, Fieldon; Marilyn Burns, Grafton. MACOUPIN- Wiilliam Armstrong, Carlinville; Dana Clark, Modesto; Edward Paulich, Staunton. MADISON - Clarence V a n H o y , , Alton; Dorothy Broadway, David Reynolds, Bethalto; Elton Brakhane, Patricia Nussman, Walter Iverbey, Sara Parks, Robert Proffer, East Alton. Robert Bruker, Robert Kinder, David Shonkwiler, Edwardsville; BeveiJy B a r t e 1 s , Gwenda Brown, Robert Owens, Nancy Scalise, Carol Thallman, Wood River. Lewis and Clark awards 14 associate degrees Fourteen students comp 1 e t e d requirements this sum in e r for associate degrees, Lewis & Clark C o m m unit y College announced today. Completing requirements for the associate in science degree at the close of the pre- summer session were Jon Thomas Baker of Carrollton and Marie Beard of Godfrey. Ujxin completion oi' the regular summer session this month, those earning the associate in arts degree were: V i c k y Schmidt, Alton; William E. Buckler, 111, East Alton; Vicki Simpson, Godfrey, with honors; and Barbara Bruen and Harold Cox, East Alton. Students who received the associate in science degree were: Larry Mills, Alton; Harry Petras, Bethalto; Michael Carter, Brighton; GusRiggs and Armida Voss, East Alton; Virginia Schell, Jerseyville, and Paul Shelley, South Roxana. Teresa A. Jones of East Alton was named to the Dean's List for the Summer Session, with a grade point average of 3.69 out of a possible 4.0. Late registration will be held at Alden Hall on the campus from 9 a.m. - 12 noon and from 1-1 p.m. through Sept. 1. Evening registration this week, which is open to the public without appointment, will be from 6:30 p.m. - 8 p.m through Aug. 31. at East St. Louis Livestock prices NATIONAL STOCKYARDS, HI. (AP) — Estimated receipts for Tuesday: 5,000 hogs, 1,500 cattle and 300 sheep. Hog receipts 6,500 head; butchers steady to 25 lower; sows 25-50 higher. US 1-3 210250 Ib butchers 29.00; US 1-2 210-240 Ibs 29.00-29.25; US 2-3 210-260 Ibs 28.7529.00. US Ip3 300-350 Ib sows 26.75-27.00; package 300 Ibs 27.50; US 1-3 350-600 Ibs 25.75-26.00; boars 22.50 with weights under 350 Ibs 23.50. Cattle receipts 3,000 head; slaughter steers and heifers mostly steady; cows 50 lower; bulls 50-1.00 lower. Slaughter steers: high choice and prime 1100 - 1200 Ibs 34.50 - 35.00, couple loads 1050 Ibs 35. 3d; choice 900-1175 Ibs yield grade 2-4 33.50-34.50; mixed good and choice 33.00-34.00. Slaughter heifers: high choice and prime 850-950 Ibs yield grade 3-4 33.110-33.50; choice 800-1000 Ibs 32.50-33.00; 750-800 Ibs 32.00-32.50; mixed good and choice 30.50-32.50. Cows: utility and commercial 23.5026.00, few utility 26.50; cutters 23.00-25.50; canner 21.00-23.00. Vealers: Choice 46.00-48.00; good 42.00-44.00. Sheep receipts 350 head; slaughter lambs 5\) lower and ewes steady. Choice and prime 90-110 Ib slaughter lambs 28.50-29.00; choice 27.00-28.50 good 26.00-27.00. Utility to choice slaughter ewes 5.00-7.00. Virden, $17,883; Brushy North Cash grain CHICAGO (AP) -Wheat No 2 .soft red l.SO^n, No 2 hard red 1.79Vin: corn No 2 yellow l.Sln; oats No 2 extra heavy white .S2* s ii; soybeans No 1 yellow^n. Soybean Oil lO.dOn. No 2 yellow corn .sold at 1.29'i Friday. CARLINVILLE — Macoupin County Treasurer M. A. Zippay has mailed checks totaling $3,173,708 to the various taxing bodies of the county. This amount is the first slice of the real estate tax melon for 1971 taxes. Carlinville township claimed the largest share of the tax monies, $45,012, with Cahokia township second with $31,591. The total amount going to the various townships was $483,870, with other townships receiving the following amounts: Satunton, $22,801; Mt. Olive, $28,769; Honey Point, $12,789; Shaws-Point, $18,029; Nilwood, $16,273; Girard, $26,722; $28,151; Dorchester, Gillespie, $31,229; Mound, $13,965; South Otter, $10,701; Otter, $14,551; Bunker Hill; $26,946; Hilyard, $11,863; Polk, $5,345;' Bird, $9,344; South Palmyra $15,067; North Palmyra, $18,124; Brighton. $21,565; Shipman, $17,218; Chesterfield, $10,289; Western Mound, $7,065: Barr, $12,238; Scottville, $10.340. Staunton received the biggest share among the incorporated areas of the county, $38.727 while Carlinville was second with $36,524. Other corporations received the following: Mt. Olive, $16,683; Whit,} City. $444; Sawyerville, $1,000 Eagarville, $412, Gillespie, $26,6(13: East Gillespie. $528; Benkl, $14,483; Standard City, $360; Nilwood, $539: Girard, $6,318: Virden, $26,089: Dorchester, $2,229; Wilsonville. $2,009; Mt. Clare, $880; Bunker Hill, $8.220; Palmyra. $3.339; Hettick, $512;' Modesto, $2.513; Brighton, $11.684; Shipman. sl.T'Hi; Medora, $2.585: Chesterfield. $1,649: Scottville, $1.121. Earthquake shakes LA LOS ANGEI.KS (M'\ — Another earthquake ha> rallied parts of l.<i.s Angeles, but authorities said there were ii ; ) reports oi daina.:c School units received a total of $2,029,405. Of this total Carlinville Unit 1 received the largest amount of any unit, ?401,G99. Other units received the following amounts: Unit 2, $212,253; Unit 3, $184,064; Unit 4, $152,735; units, $109,504; Unit 6, $211,108; Unit 7 $296,323; Unit 8, $154,755; Unit 9, $2*38,993; Montgomery county 12, $24,704; Montgomery county 2, $3,496; morgan county 6, $7,491;. Green county 10, $32,110; Morgan, county 1, $170. Miscellaneous taxing units came in for $453,186 of the tax distribution. The amounts received were as follows: County general, fund, $85,584; tuberculosis fund, $8,649; I.M.R.F. ?43,993; mental health fund, $6,073;' audit fund, $2,049; County highway, $85,584; county township bridge, $17,123 federal aid to roads, $40,219; Lincoln Land Junior College, $25,948; Lewis & Clark Junior college, $89,843; Girard Fire District, $6,279; Virden Fire District $8,386; Bunker Hill Fire District, $7,306; Greenfield Fire District, $179; Virden Sanitary District, $11,018; Carlinville Park District, $14,953. i friend in need oldie uas umiii:l A Cambodian alter lit* li^litiiin m-ar lias IMTII mulct photo) assisted by a htiddv shortly In uiurlar lire during remit 'I'rubi'L, Cambodia. The touli sirj;c ii\ re» cut \\riKs. (At* \\iic-

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