Alton Evening Telegraph from Alton, Illinois on September 11, 1972 · Page 19
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Alton Evening Telegraph from Alton, Illinois · Page 19

Alton, Illinois
Issue Date:
Monday, September 11, 1972
Page 19
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Stocks still low, losers lead 7-4 Alton Evening Telegraph Monday, Sept. 11, 19t2 B*t NEW YORK (AP) - Prices slanted narrowly lower in the fitook market today, continuing the trend of last week's four declining sessions. Trading was slow. At noon the Dow Jones average of 30 industrials was off 2.86 to 958.38. On the New York Stock Exchange, losing issues were out in front of gaining stocks about 7 to 4. "There has been a lot of controversy and indecision in the market," said Alan K. Shaw, research director of Harris, Upham & Co. "The hulls are frustrated, but so are the bears." lie said that "for the next six or eight weeks, or so, we're going to sec a continuation of a lackluster market." The Big Board's most-active issue was Shell Oil, up % to On Ihc American Slock Exchange, National General 18 selected stoclis Following are today's noon quotations of New York Slock Exchange issues research has indicated are widely held in the Allon area as supplier) to the Allon Telegraph hy Newhard Cook & Co., from its Allon 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'/ K AT & T 44i/ 2 Clark Oil 18% General Motors 76% Grant (W.T.) Co .... M% Kresge (S.S.) Co 41 McDonnell Douglas 34% Mobil Oil <)S% National Steel ;t!l% Olin Corp 1(5% Owens-Illinois 44% Penney (J.C.) Co 81'4. Sears 107% Shell Oil Co 4()i '•>, Squibb Beechnut 100 " Standard Oil (Incl.) .... 74% Standard Oil (N..T.) .... S()% U.S. Steel 29% Livestock prices al East Si. Louis NATIONAL STOCKYARDS, 111. (AP) — Estimated receipts for Tuesday: fi(il) hogs, 1,500 cattle and 300 sheep. ling receipts 3,000 head. Butchers 51) lower than best time Friday. US 1-3 200-250 Ibs 29.00-29.50; 130 head sorted No. 1 200-220 Ibs 20.75. Sows steady; US 1-3 300-350 Ibs 2(1.75-27.01); 350-000 Ibs 2li.!)D- 2li.50. Boars: weights under 350 Ibs 23.50-24.00. Cattle receipts 3,000 head. Slaughter steers and heifers mostly steady; cows steady to strong; bulls steady. Slaughter steers: high choice and prime 1125-1250 Ib yield grade 3-4 35.50-36.00, coupl" loads 36.25; choice 900-1200 In yield grade 2-4 34.50-35.rill; mixed good and choice 33.0034.50. Slaughter heifers: high choice and prime S50-975 11) yield grade 3-4 34.00-34.50; choice 81)0-950 Ib yield grade 2-4 33.00-34.00; mixed good •and choice 32.50-33.00. Cows: utility and commercial 24.5027.00; cutter 2-1.00-25.00; canner 21.511-24.00. Voters: choice 48.00-50.00; good 44.0046.00. Sheep receipts 401) head. Steady; few lots shorn lambs unsold. Choice and prime 90110 11) spring slaughter lambs 29.50-30.00; choice 28.00-29.00; good 27.00-28.00. Utility to choice slaughter ewes 5.007.00. Warrants new were the most- active issue, down % to 0%. National General and Pennsylvania Life canceled their agreement in principle for a merger. A block of 120,000 shares of Norton Simon traded on the Pacific Coast Exchange at 34%, unchanged. At noon, the New York Stock Exchange index of more than 1,400 common .stocks was down .20 to 60.33. Soybean futures decline The early decline in wheat was influenced by the corn estimates in that wi!h a higher yield less wheat would be consumed for feed. Then a report was made public that Australia's wheat crop might be the lowest in 10 years and this brought about a rally. Corn futures tended to improve and the loss was about halved. The demand for soybean meal at the cash level continued strong and this influenced f u t. u r e s buying. More soybeans crushed for meal, however, would mean increased oil stocks, considered heavy in recent months. After the midway point, wheat was 1% to 2 cents a bushel higher, September 1.94; corn was unchanged to % lower, September 1.36; oats were % lower to % higher, September 79Vt cents and soybeans were unchanged to 1% lower, September 3.46. Cash grain CHICAGO (AP) —Wheat No 2 soft red 1.85i/ 2 n; No 2 hard red 1.85n. Corn No 2 yellow 1.36n. Oats No 2 extra heavy white 81n. Soybeans No 1 yellow 3.451411. Soybean oil 9.98n. No 2 yellow corn was quoted at 1.37'4 friday. Auto price hike denied WASHINGTON (AP) - The Price Commission, whicn opens hearings Tuesday on the auto industry, including its pricing practices, has rejected an attempt by Chrysler Corp. to raise its prices now. Chrysler proposed to boost prices on its 1973 model cars and then refund the increase should the government reject it. It is seeking an increase of $91.32 to cover the cost of safely and pollution control improvements. T h e Price Commission earlier had rejected applications by Ford and General Motors for price hikes, but has not made a final decision on Chrysler. Both Ford and General Motors have said they will make new proposals after Oct. 1. The commission said the public hearings which open Tuesday are designed to gather information about the auto industry and not. for the specific purpose of determining whether pending auto price increases are justified. Obituaries Wright Kennedy hediU'd MUNICIPAL BONDS PAY HIGH INTEREST RATE We invite you to usU for list of available BoniU. MUNICIPAL BOND CORP. First National Bank Bldg. 200 W. 3rd St.,—Alton—Phone 465-6601 OUR ALTON OFFICE MAINTAINS: • NEW YOKK S10( K EXCHANGE TUANS-LUX JET • Cl'KKENT NKW YOKK STOCK EXCHANGE QUOTATIONS, SALES AND AYERAGES EVEKY HALl'MIOl'K • STATISTICAL MATEK1AL • EXrEKlENCED I'EKSONNEL • DOW-JONES NEWS TH'KEK Serving Alton Investors lor More Than 40 Years Newhard, Cook & Co. INCORPORATED MEMJ11KS NEW YOKK S1OCK EXCHANGE, INC. aiu I'irtA National BuiiU UU»«- — Alton I'll. 165-55H5 Eugene B. SbulU J»'»« E - ( * ree ™ ood Sen. Edward Kennedy asks the crowd lo be quiet at si McGovern-Shrivcr rally in Los Angeles Sunday as he gave, part ol' his speaking time to a spokesman lor militant Mexican-Americans who had been heckling him. Kennedy had told (he crowd, in the predominantly Mexican-American east-side area, he would hear their spokesman it' they would then listen to him. (AP Wirephoto) a. rotary engine car, ' »/ C/ to go on sale in Illinois / ) CHICAGO — Mawla, the only rotary-engine car available in the United States to date, will go on sale for the first time in Illinois on December I. Launching a nationwide expansion program. Ma/.ila has announced the appointment of six Mazda dealerships in the state. The new dealerships, which will . be devoted entirely to Mazda sales and service, will be located in Elmluirst, Evanston, Westmonl, Elgin, Peoria and Springfield. Additional Mazda dealers will lie named in Illinois during the next 12 months, according to Mazda's Midwestern Branch Director Sid Fogel. The Illinois dealerships are among 811-100 thai will open in the Midwest and East before the end of the year. Continuing its expansion into 1973, Mazda plans to add 200 more single-line dealers in the United Stales, Fogel added. Based on this expansion schedule, Mazda expects to sell approximately 60,000 cars in 1972 (triple last year's total), and more than 100,000 in 1973. Although its cars are currently available in only 20 Western and Southern states, Mazda already ranks seventh in nationwide imported cat- sales, and ranks fourth in the Southwest, where the cars first went on sale last year. When the cars go on sale in the state in December, buyers will have a choice of five rotary engine models and [our piston-engine models, including a compact pickup truck. Fogel reports that prices will range from about $2.200 to $3.200. To back up the Mazda dealer organization in the Midwest and East, branch Business briefs Honored T h e Southern Illinois Builders' Association (SIBA) and Ironworkers Local 392 .loint Apprentice Committee, at a recent Third Apprentice Graduation Banquet, honored 13 apprentices for completion of three year's apprentice training. * The SIBA Industry Advancement Foundation and Ironworkers Local 392 provide formal classroom instruction and on-the-job training to men who want to move into the ironworker trade. Larry Tilsworlh received this year's Bruce A. Knop Memorial Award for outstanding apprentice. VW sales up Sales boomed in this area in August for Volkswagen, Ford cars and trucks and Lincoln-Mercury prodm-H. area spokesmen for the three auto-makers said today. Sales of Volkswagen models for the month were 30.2 per cent above the average month so far this year; Kurd dealers soil 4.327 cars, up 29 per cent over August 1H71 and 1.78:! trucks, up 11! per rent over August 1!)71; and Li'ieolii- Mercurv dealers sold 2.407 cars last month for a 25 per cent increase over August 1971. office and parts depot, facilities are under construe! ion just outside Chicago, Illinois and in Piscataway, New Jersey. Each location will stock more than §1 million worth of Mazda parts by the lime the first cars go on sale Dcember 1. Offices at both locations are now open.. Mazda's success with the mass production of more than a quarter of a million rotaiy powered cars is credited with triggering world-wide interest in this revolutionary engine. With about one-third the parts, one-half the size, and one-half the weight of a comparable piston engine, the rotary power plant is fast becoming the auto industry's best bet for solving size, cost and pollution problems. T w e n t y -two other major companies, including General Motors, are currently rushing to develop their own rotary engines. IPC declares 51 cents per share dividend Joseph E. Wright, 47, of Grafton, and formerly of Bethalto, died at 3:50 p.m. Sunday at Alton Memorial Hospital after an illness of one year. He was a machinist for the Alton Box Board Co. until retiring on Dec. 11, 1971. He was born Sept. 10, 1925 in Sunbright, Tenn. and was married on Nov. 30, 1945 in Pine Bluff, Ark. to the former Samantha Webb. Surviving arc his widow; two sons, Joseph Darrell of Granite City and Tommy, al home; a daughter, Mrs. Robert (Brencla) Waller of Alton; Iwo grandchildren; four brothers, George of Vancouver, Wash., Clifford of Glenmary, Tenn., Rankin of Hosketl, N.H. and Charles of Camden, N.J. and three sisters, Mrs. Jannie Boyatt of Vancouver, Wash., Mrs. Bertha Starr of Portland, Ore. and Mrs. Maxine Wright of Nashville, Tenn. He was a member of Masonic Lodge 406 in Belhallo and the First Baptisl Church in Graflon. Funeral services will be at 1 p.m. Wednesday at. the Graflon Baptist Church with the Rev. Robert Kimber officiating. Burial will be in Rose Lawn Memory Gardens, Bethalto. Friends may call after 7 p.m. Monday at Gent Funeral Home where Masonic Services will be at 7 p.m. Tuesday. The 'Cancer Society and First Baptist Church, Grafton, have been named as memorials. died at. 9:40 p.m. Sunday at D'Adrian Convalescent Home. She had lived at the Loretta Home for 17 years. She was born March 3, 1896 in Shipman and married Charles Watson, who died on March 20, 1920. They operated a grocery store in Alton before Mr. Watson's death. Mrs. Watson had been employed at several stores in downtown Alton. Surviving are Ihree d a u g ht e r s , Mrs. Gerald (Rose) Schaucrte of Hamilton. Ohio, Mrs. Kay Cox of Alton and Mrs. Elizabelh Dallon of Springfield; nine grandchildren; 1 6 great- grandchildren; nieces and nephews. She was a member of SS. Peter and Paul's Catholic Church, SI. Rita's Altai- Society and the Daughters of Isabella. Visitation will be from 2 to 5 and 7 to 9 p.m. Tuesday at Slaten Funeral Home, where the Rosary will be at 8 p.m. Tuesday. A funeral mass will be at 10 a.m. Wednesday at SS. Peter and Paul's Catholic Church and burial will be in St. Pal rick's Cemetery. Burial will be in Buck Road Cemetery. Visitation will be after 4 p.m. Tuesday at the Pletcher Funeral Home, where a scripture .service will be conducted at 8 p.m. Harford Taylor To move plant The National Marine Service near Hartford has applied to the Army Corps of Engineers to move its plant one half mile down the river. The corps said today that effluent from the firm's gas- freeing operation will be pumped into an existing lagoon near the downstream boundary of its existing repair facilities. The move will not create additional discharge to '.he waterway and any objections to the move must be filed by Sept. 22, a corps spokesman said. Manager David ]{. Smith, broker, for The American Home Realtors, announced recently the appointment of Terry G. Smith as sales manager. He will handle all phases of training and assisting sales personel. Smith said that the move will enable his company to offer a better service and to expand into its commercial real estate division. The Board of Directors Illinois Power Co.. at meeting Thursday declared regular quarterly dividends of 51 cents per share on the 4.08 per cent cumulative preferred stock; 52'a cents pre share on the 4.20 per cent cumulative preferred stock; 531/4 cents per share on the 4.2fi per cent cumulative preferred stock; 551/4 cents per share on the 4.42 per cent cumulative prefeired stock; 58 ;; .j cents per share on the 4.70 per cent cumulative preferred stock; $1.03 pel- share on the 8.24 per cent cumulative preferred stock: $1.0071 per share on the 7 5'i per cent cumulative preferred stock; and 55 cents per share on the common stock of ;he company. atson Mrs. Bridget C. Watson, 76, a longtime Alton resident, iiu ™ Findley trail ride slated for Friday SPRINGFIELD — Bill Card, superintendent of the Sny Island Drainage District, and a noted banjo player for 40 years, will entertain the crowd at the seventh annual Congressman Paul Findley Trail Ride, it was announced today by Al Mavis, general chairman of the annual family fun event. The Findley Ride, held each September in the 20th District, will begin at Carlinville, Friday, as registration opens at the iMacoupin County Fairgrounds. "We would like to invite everyone to join us for the free Saturday evening Trail Ride show, which begins at 7:30 p.m., on September 16th, at the Macoupin County Fairgrounds, on the north edge of Carlinville. We already have almost 100 riders pre-regislered, a fact which promises the largest Trail Ride ever. Last year we had 498 registered riders and about 800 attending the free Saturday evening show." Mclvin Taylor, 55, 3900 Aberdeen. Allon, died at 2 a.m. today ;>! Eldercare Nursing Home where he had been for 13 months. He was horn Aug. 17, 1917 in Jerseyville, a son of Mark Taylor of Alton and the late Mildred Smith Taylor. He came to Alton at an early age and graduated from Alton High School. Mr. Tay'or was employed at Olin Corp. before serving with the Army during World War II He received the Purple Heart and two Silver Stars. He was employed at the Upper Alton Post Office for 20 years until retiring in 1969. He was former director of the Junior Rowling League at Bowl Haven. Surviving arc his widow, the former Rosemary Pentz whom he married May 2, 1946 in Alton; two sons, Eimene of Alton and Michael, who is stationed with the Army in Germany; one granddaughter; two brothers, Maurice of Meadowbrook and Marvcll of Lombardo, 111. and a sister. Mrs. Margaret Buovou of Brooklyn, N.Y. Funeral arrangements are pending at Staten Funeral Home for word from his son in Germany. Mrs. Margaret A. Harford, 72, of 429 George St., Alton, died at 5:55 p.m. Sunday at Allon Memorial Hospital after a three-month illness. AShe was born Oct. 19. 1899, in Graflon and received elementary schooling in Graflon and graduated from Alton High School. In 1920 she married Harold Hartford, lie died in 1934. Mrs. Harford was a member of the Twelfth Street Presbyterian Church and was secretary of the Veteran's Administration al Alton Slate Hospital for 2 1 !) years. She relired two years ago. Surviving are two d a u g h t e r s , Mrs. Harry (Phyllis) Rice of Orlando, Fla., and Mrs. Z. E. (Betty) Pars of Godfrey; a son, Roger of Seminole. Fla. and eight grandchildren. Friends may call from 2 to 5 a n d 7 to 9 p.m. Tuesday al SI a ten Funeral Home where funeral services will be at. 1 p.m. Wednesday. Burial will be in Upper Alton Cemetery. Pacific Hospital, St. Lotiis. A former railroad clerk ft* the Illinois Terminal Railroad for 42 years, he had bfren retired the past seven years. Born Nov. 18, 1898 it Oakland, 111., he was married July 19, 1943, to Margaret Schmidt, who survives. Also surviving are two sisters and a brother: Mrs. George L. Moorman and Mrs. Oscar Bardelmeier, both of Edwardsville, and Glen 0. Allen of Van Nuys, Calif. He was a member of St. John's United Methodist Church. Visitation will be from 4 p.m. today until 10:30 a.m. Tuesday at the Weber F u n e r a 1 Home. Funeral services will be conducted at 2:30 p.m. Tuesday from St. John's Memorial Chapel by Rev. William Lewis, paslor, with burial to be in Valley View Cemetery. Puhse Arp Herman Richard Arp, 71, a former Alton resident and employe of Laclcdc Steel Co., died at 4:30 p.m. Saturday at his home in Walshviltc after a lengthy illness. lie was born Feb. 8, 1901 in Germany and married the former Mildred Briley on June 23, 1031 in Edwardsville. She died in 1060. Surviving are a daughter, Mrs. Betty Jackson of Walshville and a sister, Mrs. Betty Johnk of Alton. The Rev. Jack Baldwin will conduct funeral services at 1:3(1 p.m. Tuesday at the Perfetli Funeral Home in Sorento and burial will be in Sorenlo Cemetery. Visitation will begin after 5 p.m. today al the funeral home. E D \V A R 0 S V I L L E — Charles J. Bender, 81, formerly of 41S Hillsboro Ave., a retired auto salesman, died EDWARDSVILLE — Arlo H/ Puhse, 58, of 1565 Poag Road, died at 8:10 a.m. Sunday at Wood River T o w n s h i p Hospital. A custodian and maintenance man for the past 18 months at. Eden United Church of Christ, he had worked as a journeyman mechanic for 37 years and was a member of the IA".I District 0. Born Jan. 23, 1914, at Poag, he was married June 26, 1943, to Mary Wallace, who survives. Also surviving is a brother, Lester K. Puhse of R o s e w o o d Heights. East Alton. He was a member of Eden Uniter Church of Christ and treasurer of the Eden Churchmen's Fellowship. He was a member of the Veterans of Foreign Wars Post 1299 of Edwardsville, a member of the International Hospitality Program, and a trustee of the Loyal Order of the Moose, 1561 of Edwardsville. Visitation will be after 3 p.m. Tuesday al the Weber F u n e r a 1 Home. Funeral services will be conducted at 1:30 p.m. Wednesday from Eden Church by Rev. Paul Hahmeier, interim pastor, with burial to be in Sunset Hill Cemetery. The family requests that memorials be made to Eden United Church of Christ. Ranek of a MANNS CO. .v/,,,/, . A:,.,./, UNIV. OF ILLINOIS STUDENT COSTS HAVE ADVANCED 6.6% ANNUALLY IN THE LAS! 4 YEARS CAN YOU AFFORD TO SAVE AT 5%? F ree Parking ERWIN MANNS REGISTF.KE-O PRINCIPAL ILLINI FEDERAL BLDG. ALTON 463 1212 Agent YOUR YOU'LL FIND UJ OFFICE SUPPLY NEEDS AT GODWIN OFFICE SUPPLY "Alton's < 'oinniA-clul Stationer" 111 K. Kruuduuy I'll, ltto-7756 OPEN DAILY 9 A.M. TO 5 P.M. FRIDAY NIGHT 'TIL 6 Calvin Ili&htouer, sun ol Mr. and Mrs. Tom Kobia- son, ol Mil Spring St., Allon, has begun his travel career as a customer service a^i-nt for Allegheny Airlines in Chicago. Hi; is a recent graduate of Atlantic School ol Kansas City. Atlantic Schools is a pi hale airline, aircraft mechanic, and travel training school. L&C offers 2 courses in hanking Registration is now being accepted for two courses in banking and finance which will be offered by Lewis and Clark Community College this fall. The courses lead to an Associate in Applied Science Degree, as well as meeting the requirements for the basic, standard, and advanced certificates of the American Institute of Banking (AIB). AIB texts and materials will be used as approved by ihe AIB National Educational Director. P r i n c i p 1 e s of Bank Operations will meet on Wednesday nights from 5:5U- 8:40 p.m. beginning Sept. 13. Installment Credit will mcel on Tuesdi.y nights from 5:5U- 8:40 p in starting Sept. 12. Students interested in the banking course should enroll with the St. Louis Chapter of AIB. Tuition, text, and dues are to be paid to them. EDWARDSVILLE — Mrs. Gladys L. Ranek, 54, of Glen Carbon died al 12:30 a.m. today at Barnes Hospital, St. Louis. Born Jan. 10, 1918 at Slaunton, a daughter of Mrs. Frieda Kuhlmann 'Koch of lite. 4, Edwardsville and the late Carl Koch, she was married Sept. 5. 1936 to Joseph M. Ranek, who also survives. She is survived by a son, Michael M. Kunek of Edwardsville: a daughter. M r s . Joann Rcilly of Haxelwood, Mo.: two sisters, Mrs. Glen Lovsey and Mrs. Harris Eilers, both of Rte. 4, Edwardsville; a n d three grandchildren. She was a member of Trinity Lutheran Church, where services will be conducted at 2:31) p.m. nesday by the pastor, A. H. Her|x)!>heinuT. burial to l>e in Valley Cemetery. Vi.sitation will lie from 4 p.m. Tuesday until 11 a.m. Wednesday al the Weber Funeral Home. The family suggests memorial be made to the American Cancer Society. a.m. Sunday a! the Eunice Smith Extended (.'are Home in Allon where he had been a patient a year and a half. Born May 21, 1801 at Wanda. He was married Feb. 20, 1917, to Edna T. Dippold, who survives. He was a former director of the Peoples Savings & Loan Co. of Edwardsville. He was a member of Eden United Church of Christ and of the C h u r c h m e ri ' s Fellowship. Visitation will be after 4 p.m. today at t h e Weber Funeral Home, where services will be conducted at 1 p.m. Tuesday by Rev. Paul Rahmeier, interim pastor of Eden church. Burial will be in Vallev View Cemetery. Funeral Home 1620 WASHINGTON Allen Three Ambulances —. Oxygen Equipped Constantly fit Your Command Wed- Ke-v. with View EDWARDSVILLE — James W. Allen. 7.'!. of 1U25 Troy IJoud, died a! 7'.l-> p.m. Saturdav at Ihe Missouri Alton, Wood River, Bethalto Sasek Pilotless plane kill s GRANTS PASS, Ore. (AP) — A woman and a 3-year-uld child were run down and killed Sunday In a pilotle-s plane taxiing uut ol control at the Josephine County Airport EDWARDSVILLE - Mi- Mary F. Sasek. t;ii, of fjllii Madison Au 1 . died Unlay at S t Joseph's llo>pital, Highland. Born June 17. I'juti in Czechoslovakia, a daughter of the late Vaslaf and Mary Ruha Vanek. she was married to John R. Sasek, who died April 22. llJol She is survived by a son, Rimnond. and a d a u g h! e r , Mr.-. Charles K o v a r i k , both of Ed- wanlsville There are 111 surviving uranci., hil'tren and three .ureut-.Tamlchikln.-n Al-o .suruvum are three -inters all o! St Louis: Mr.s. Anna Maass, Mrs. Lillian Sehaile, and Mis. liuse AlUiuil. She wa> a member of St. Marx'.-. Church where a requiem mass w:!l be read at y a in Ui'dne.-.(la> by JJast'jr Kev linger S:nij).-.<m.

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