The Des Moines Register from Des Moines, Iowa on July 23, 1969 · Page 13
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July 23, 1969

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The Des Moines Register from Des Moines, Iowa · Page 13

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Wednesday, July 23, 1969
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Denies Role f n Issuing oi Bank Stock CHICAGO. ILL. (AP) - Theodore J. Isaacs stated repeatedly Tuesday that he "had nothing to do with the distribution of stock" in a bank which fte helped found and of which two Illinois Supreme Curt justices became shareholders while cons i d e r i n g a case involving Isaacs. Isaacs, former state revenue director and onetime campaign manager for former Gov. Otto Kerner, testified for more than seven hours before a special commission set up by the high court to probe allegations against two of its members. Justices Ray I. Klingbiel and Roy J. Solfisburg are accused of impropriety in their acquisition of stock in (he Civic Center Bank &, Trust Co., Chicago, at the time the court was considering an appeal of a lower court's dismissal of conflict of interest and conspiracy charges against Isaacs. Isaacs helped found the bank in 1966 and is presently listed as its general counsel. The high court in 1966 upheld the dismissal of charges against Isaacs stemming fromj his financial interest in an envelope company awarded $1 , million in state contracts while Isaacs was state revenue direc- MARKET ACTS ON BRITAIN BRUSSELS. BELGIUM (AP) — Britain's door to Mutual Funds NtejMNifl 'I'll barred for so long by Charles was unlocked Tues- _- . the prlCM «t _ ... th«»» wturities EurODC. could have Men „"' "p* sold (bid or boutm (asked) Tuesdty. de Gaulle. day. On a French Initiative the foreign ministers of the six Common Market countries agreed to • summit confer* ence this autumn to restudy Britain's seven-year-old application for membership. Maurice Schumann, the French foreign minister, said the chiefs of government of France, Germany, Italy, Bel- AlphiTd SS e 'f«,, Am Dvln al'o'Sk AminsFd Am inv Am Mut AmN Gth Anthor Gr Luxembourg should meet as soon as possible to reopen the British dossier and to fix long- term community goals. But even if the summit is convened in late October or early November, as is probable, and the six agree;on conditions for British entry, the opening of the door to Britain will be a long process. The most optimistic of Common Market "commission experts estimate it would tak# until 1975 or 1976 before Britain could join. J Perhaps the most important thing to emerge from Tuesday's meeting — the first since De Gaulle resigned as president »i: ; Grwth 1 fnv i Fd Inv — ._ Assocle 1.35 1 Astron 19.18 21 Ax* Hough ton: Fund A 6.95 7 - Fund B 8.85 9 Stock 6.85 7 Scl CP 562 i labson unav "lair Fd ».9610 londslk 6.71 7 loston St 9.74 10, «st ilBiS: .M 'ftlf't Canadn 11.1919 Cap it ine 8.37 9 Caplt Shr e.8? 7, Cent Shr 10.61 It Channlna Funds: Balan 12.1213.25 Com St 1.76 1.9J irwth 6.38 6.97 ncom 7.91 8.64 .peel 2.17 1.14 Chase GYoup: "unrf : rnt -ihrhd Chemcl Colonial: fquty Fund Grwth Vent Commc ComS Bd ..._ .. Commonwlth Fds: Cap Fd -9.49)0.37 Incom Invest . Stock Cwlth AB Cwlth CD Comp As Compet Comp Bd Comp Fd Comstk Concord tor. The opinion was. written byjof France — was confirmation then-Chief Justice Klingbiel and I the P'rench veto on enlarging concurred in by Solfisburg, it he community had dis- present chief justice. appeared with De Gaulle. At one point during Isaacs' Schumann told his partners: 11.4812.55 94.22 98.40 11.6412.72 17.70 19.35 4.59 5.02 11.11 12.91 6,28 6.87 f.U 7.28 11.5312.60 4.90 5.33 9.72 10.62 10.46 Consol Consu In . 9.57 1. 9.49 10.37 1.4* 1.60 1.71 1.8! 15.35 16.8! 8.39 9.1! 9.4610.25 9.97 10.84 5.06 5.5: 16.74 16.71 n 12.12 12.50 Corp Ld Cnty Cap Crown W CrnW In ,l32,i°83 testimony- Tuesday, the following exchange occurred between him and Frank Greenberg, president of the Chicago Bar Association and chairman 1 of the five-lawyer commission: Greenberg: "Do you know what's meant by the word 'clout'?" Isaacs: "I suppose it's the ability to have favors done for you."' I Greenberg: "Did it occur to \. you that what the organizers of the Civic Center Bank wanted was your clout and not your le- "The more it becomes clear that none of us has any objection in principle to the adhesion of the countries who • have posed their candidature, the more it is indispensable that we engage in fruitful negotiations." Attorney Post For R. J. Barry Richard J. Barry, 24, a June graduate of the University of Iowa Law School, will be sworn 13.6514.76 6.89 7.5' ... 11.2612.3 deVah M 66.5466.54 Decaf Ine 12.32 13.41 Delawre 13.4014.6 Delta Tr 7.98 8.72 Dif. Fd. S.B.M. 5.49 5.9 Common 4.90 5.3 Dlvid Shr 3.72 4.0 DowT In 6.58 7.1' Downt F" 6.59 7.2 Drexel 15.4315.4: Dreyfus 12.71.13.9 Eatont, Howard: Balan 10.6911.61 Grwth Incom Sped Stock Eberst =qret mrg Sc =nerqy mtprse iqultv iaut Gth Essex Everst In Explor -afrfd Farm. Bu gal ability?" Isaacs: "I don't use clout. I hope nobody tries to use clout with the FDIC (federal Deposit Insurance Corp.)." Isaacs was questioned repeatedly by John Paul Stevens, counsel for the'commis- sion, about stock which was acquired by Solfisburg, through a trust in the Old Second National Bank of Aurora, and Klingbiel. "I have nothing to do with the issuance/of stock," Isaacs said. "If I did, I'd tell you the answers." ftSKSSEPARATE ROAD PROGRAM By a Staff Writer AMES, IA. — Iowa Highway Director Joseph Coupal, jr., suggested Tuesday that a separate construction program for urban freeways be set up in the state. Coupal's suggestion came during an informal discussion with member* of the Iowa Highway commission about freeway construction problems in urban areas. Having a separate program for urban freeways would mean that these roads would not have to "compete" with all other highways . in the state for the limited amount of money in the primary road fund. "I think we do a good job on establishing priorities on the rural highway system," Coupal said, "but we can not compare the need for an urban freeway with a rural freeway." Coupal said the commission in the future may want to establish a system by which state responsibilities are designated in urban areas, and a certain percentage of the primary road funds is set aside strictly for urban road building. =lnancial Prog: in this week as a n assistant U.S. attorney for the southern district of Iowa, U.S.. District Attorney Allen L. Donielson announced Monday. Barry replaces Jerry E. Williams who resigned in February to join the law firm of Nyemaster, Goode, McLaughlin, Emery and O'Brien. Barry, who graduated in the top 10 per cent of his University of Iowa law class, also received his undergraduate degree at the University of Iowa. He is a native of Boone. He and his wife, Ann, live at 2541 N.W. Eighty-sixth st. ' Seeks to Drop 'Varsity' Train WASHINGTON, D.C. (AP) The Milwaukee Railroad asked the Interstate Commerce Commission Tuesday for permission to. abandon its passenger service, "The Varsity," between Madison, Wis., and Chicago, 111. Affected would be trains 117 and 118, which have been operating on a limited schedule for the past year to serve'the University of Wisconsin's students at Madison. The railroad, claimed a net operating loss from August 1968, to April 30, 1969, of $57,296. It asked for authority to discontinue the 1 service by Aug. 18. .. 12.11 13.2: 6.07 6.61 11.3812.45 14.23 15.5 13.52 14.7 13.27 14.4 7.97 8.7 13.99 13.9 8.44 9.2 9.54 10.4 17.56 19.2 23.47 24.9 11.0012.0 10.9811.1 13.25 14.41 4.59 5.0: 6.15 6.7 8.16 8.9: 10.7311.7 9.10 9.9 8.66 9.4 9.27 9.. 7.48 8. 41.3445.3 7.94 6.37 ... 7.03 7.61 5.29 5.; 8,25 9.1 11.4812.5 1i:4312°j 4.90 7.56 W Sec 9 34 10 2 11.11 I!.' 12.65 12.i Herltoe 4.86 5.3 8.72 9, 1.34 1.4 9.18 10.1 14.51 16.1 % 7 '2:; ] l&y 15.04 IS.i 8.38 9." 5.16 S.L 4.58 5.1 10.07 10.' .is.!; 7.38 8.1 ,|36,,,3 'unava 13.36 14.i 9.0i 9.06 'a CORN LOWER, BEANS MIXED THE BUSINESS TIDE American Beei Packers 9 Fiscal'69 Net Up 29% CHICAGO SWINE PRICES LOWER D«t Moin« Wed., July 23, \ Produce Markets Iowa Produce CHKAC-O. TUESDAY (AP1- flt principal Tuesday Prices Leased Wire to The Register th ;^* 9 ,° American Beef Packers, Inc., Oakland, luicl a 65.i 1 per cent ^™** : :E C'tv C,,,,, 5 ut anhtn ass Fd ass Gth ass Tr ^ates atheri cDon ., OATS' I Jul .. 6.47 7.07 Sep . les: I Dec 37.97 37.97 Mar 11.41 11.41 May . 14.41 14.4 • RYE 6.87 7.5) Jul .. . 10.71 11.70 i Sep tl.64-12.74 1 DSC 14.98 16.38'Mar 5.09 5.09 11.4611.46 9.29 10.18 Mar Jul iumo in sales and a 29.6 por cent increase in profits for tho fiscal sV *".-._ ...i .__- ^ I OU X C11V 1 South St. Paul -Cincinnati CHICAGO UP) - Tuesday: . - . . . . .. LOW CUM 3% year ended May 31, compared with a year ago. WHEAT Furl Worth i. 310 I 7'K) ', 000 3,jOO 3.000 3,100 4.000 500 2.JOO 1,000 400 4 POO A.000 7,000 4.400 6,000 7.000 1,600 4.500 JuO 2.500 -CHICAGO, TUESDAY (AP) Official estimated livestock Wednesday are 7,000 cattle, * a net none - (USDA) er.elpts tor' 3.000 hoos Mu Auq 6.56 7.171 Sep ._ _ ».56 7.171 Nov Hoody CP 14.28 15.61 Ijan oody's 13.55 14.81, Mar Norton Funds: May Grwlh 10.2411.22 4.12 4.S2 . . 1. SOYBEANS 2.6»'/4 1.121) 1.14*4 . . . . 1.19' l 1.19'-] 1.18 I. IB 3 ! 1.I9' 1.2I'/, i.jp ., I.JOM 1.21 I.JI'i .23Vj 1.23.14 1.23 1.23'.» 1.23'i 7.50 8.23 19,95 at ind at Invst at Secur Balan Bond Oivld Gr*th PI Stk Incom Stock at West EL Gth euwth ew End ew Hor ew Wld IY Vent lewtan oreast cnaph }meg» 00 Fd )1 Fd ine Wm5 ppenh enn S4 a Mut 'hlla ilflrim 'Hot 'Ine St 'ioneer 'Ian Inv 'rice TR >ro Fund Jul Auq Sep 8e'c Jan Mar May 2.70 2.67 2.67 2.68 2.64 2.64 2.64 2.64"' 2.64''i 2.46'i 2.47'-'» 2.46'/4 2.46 5 ,i 2.46'i 2.37^ 2.38' 'i 2.37Vj 2.38 2.37>4 2.42'i 2.431« 2.4JU 2.43'.ii 2.43 2.47'/« 2.4IM 2.47MI 2.48V. 2.47ft ..2.51 2.51 'i 2.51 2.51H 2.51'i SOYBEAN OIL 7.91 7.93 7.83 7.83 Announcing this Tuesday, ' Frank R. West, chairman and,significant charrges in the in- president, said "we are partic-;diistry's financial position." ularly proud of these results! While crude oil production because we achieved earnings and revenues of the companies gains despite the short supply have doubled in the last dec- cattle which existed through'a^c. t |lis Sain l>as required ; I logs won- 25 cents lower Tiu-s- much of the period " ' 1l| P e c ' a Pi' a ' outlays, the bank day.with instances..^?: i>n cents said. Net fixed assets and 1 the..'lower annual rate of capital spending havr doubled. The oil companies also have judged it "necessary to maintain dividend payments at a into Hollowing is Tuesday's report on Iowa i i u ..<«,i. ' Cfl 9 >na Poultry rnnrkeU as renorted pv T . rtSu • Fed stale Market News: Tuesday. > geoS Price tor incentive «9S mixed "iB'with incentive A large mostly unchanged Io Ic hiqher, incentive A mediums moslly uncnanoed to ?c lower, Balance un changed, buyer sentiment steady; price per dojen paid producers, at farms, cases exchanged 24 hours ended H a.m. today; eogs priced under buyer quality and volume incentive; Incentive A lartfe 39-44C. mostly 4l-Hc, A medium 24-31':c, mostly 25-30'ic; other A lorae or better. 30-36C, mostly y-36c,- A medium 18-53C, mostly 20-77CI B large !8-73c. mostly 20-22C; C dirties and checks 10-lSc, mostly IO-12C; lO-lSc. mostly 10-12c. - Ottcrinq and trad- i*-; 700 •00 500' 500 «00 200 350' JOO; None 7.80 7.61 7.35 7.27 7.32 7.38 7.40 7.83 7.66 7.40 7.30 7.35 7.39 7.40 Jul Auq Sep - SOYBEAN MEAL 7.77 7.61 7.40 7.82 7.65 7.40 7.29 7.35 7.38 7.40 »7.92 7.81 7.62 i 7.37, 7.28 7.33 7.3j! 7.381 88c vs. 74t- Net income for fiscal 196!) was $1,206,314 or 88 cents a share compared with $MO,219 or 7-1 cents in fiscal 1968. The number of shares outstanding in the latest period "« h , lew • , lu ' s were 1.399.500, up 10.3 per cent flltl(ls available for from 1,268,700 a year ago. Sales lor the latest year were $244,027,767 vs. $147,205,226 in fiscal 1968. CMICAliO. ILL, (AIM on weights under 2ti) pounds. i:.S. No 1 tn :i 200 io 240 pound butchers sold at $2ti fit) to ing light, volume unchanped; buyer sentiment mixed; price paid producers at f.irms 74 hours ended 11 a.m. today; c oer !h nflid for No. I au^litv lioht-type hens ' r uck lols or moro 7-9' ?r, mostly 9c, less ihan tru(V lot 3-;c, mostly 5-6c. I Chicago Produce expansion. First National noted. Jersey Standard Or STAPLE: PRIC.f. 5 Ntw YORK (API The Associated Piess we«nriip.-i wholesale pricf m<te» (M S commodities advanced Io I7fl0? Pluvious d.iv 177.71, wr-ek rt'io 17? 90 month MO 17' 47. yar nao 1«1.}/,. 1969.. . 196J... I9A7... I9M Micih 17873 '16* 7J 166 JO ISO O.I Low 14* ?9 159 ft2 UO >0 165 V 1924 ,ivfr,iiie ("luals 1001 CHICAGO. TUESDAY (AP) BUTTER ', t e .» f) v ; wholesale buvinq prices thflngrd Io ' ;c higher; 9J score AA A7'4tr, •J? A ft; .c, 9n n J5 n.; 89 C 60>>c; Curs 90 B f,6' .-r; 89 C Mr EGOS Slrrtdv; wholes.il* buyinq tKice*, unchnniTl; RO per cent nr better orrtdi* A while\ 4Bc : mediurns 35' jr ; stjimMrds ,15i:; checks ?7c POTATOES Arrivals }I4 cars; on Irack ?46; loUl U.S. shipments t3i; lor loui ftflv MnoO supplies moderate for long whites, demand oood, market fairly •.trrmfl. California lono whites »3.75; Cfll ; tormj round reds $2. SO Tp«as round reds lair Jl 35 3 (5 Produce Futures Oct . Dec Jan Dec jan Feb Jul 76.85 77.00 74.10 71.00 69.00 69.35 77.00 77.25 74.25 71.10 69.20 69.35 76.40 176.80 76.60 76.95 76.40 76.60 73.65 873.70 874.00 70.SO 870.65 171.00 68.85 169.00 69.05 69.00 69.10 69.30 a70.»5 »70.75 72.00 (72.00 172.10 29.60 29.72 28.10 28.25 38.02 30.05 ?«-47 sep Nov ...... 27.90 . ICED BROILERS 30.75 27.85 27.90 27.82 827.87 28.25 .__ a27.80 28.10 27.80 27.80 28.15 .25 30.00 . . 7.72 27.70 ,65 I 10.44 : 11.41 5.50 6.01 4.46 4.87 9.07 9.91 7.02 7.67 5.56 6.01 8.59 9.39 6.03 6.61 9.40 10.23 23.97 23.97 9.86 10.66 26.21 26.21 13.34 14.58 15.93 17.44 14.53 15.88 16.35 16.35 6.46 9.25 8.12 8.24 14.59 15:95 9.93 10.85 15.40 15.40 15.03 15.99 7.43 8.13 8.24 8.2'Ion the Board of Trade Tuesday, i the 14.69 16.10' 9.13 9.98 7.52 8.22 10.75 10.75 13.22 14.45 30.25 30.75 30.00 27.H 27.90 2 .67 25.02 25.25 2S.OO __., Jan 26.02 26.25 26.02 26.15 Mar .. 27.02 27.35 27.00 27.15 B—Bid: A-Asked; N-Nomlnal. 25.10 26.1 CHICAGO, ILL. (AP) Grain futures prices declined The company has beef plants at Oakland, Omaha, Neb., and Fort Morgan, Colo., and a pork plant at Marian. la. American Beef is currently studying sites for a new in the Texas Panhandle, the report said, and has recently announced that merger negotiations are underway with Wheat- Feeders, Inc. of Perryton, Texas. Remodeling West noted that operation of Fort Morgan plant, where 24.90 fc's hart influenced by favorable weath- extensive remodeling and adtii- er for new crop growth and ex- 23:5323:53! piration of the July operations. .9.98 9.98 | v utnam Eauit Geora Grth Incom Invest Vista Voyag lep Tech evere tosenth chustr F "o i oVi!03 ' 10.98 12.00 B.28' 9.05 6.97 7.62 10.6211.62 8.70 9.51 4.99 5.45 13.3314.57 8.30 9.08 and soybeans came un-! der selling pressure on reports j that precipitation in the next j GRAIN TRADE CHICAGO,. TUESDAY, (API - Grain) . . _______ _ unsvall ,cudder Funds: Int Inv unayall 36.36 36.36 Spcl Bai . Com St 10.53. ec Dlv . 11.58 12.52 ice Eqult 3.64 . . 14.74 14.74 310.53 , futures purchases Tuesday: Pr«v Wheat atS Prev. S Vheat 23,1 lorn 55,: >ats 1.: (v* .. — ; , . Sovbeani Total 'otal Open Interest In vlous session __fptj d." 10 «« ll&. wn«t f"tur,, n , ,« lous session totaled wheat 110,B70 Kline ; corn ZB.930,000! oats ,?i'J80, y» 3,660,000; and tovbeani '.59^15, otal 518,425,000. 9.39 9.39 >w invest . 9.11 9.85 ,over Inv 14.20 15.55 itFrm Gt 5.30 5.30 itate St 48.2549:25 iteadman Funds: Am Ind 11.07 12.10 Fiduc 7.32 8.00 Sclen 5.08 5.55 Jtein Roe Fds: Bal 19.8419.84 Cap Op 14.61 14.61 Stock 13.6913.69 SUP. LnGt 6.77 7.42 1.67 1.12 2(154 22M5 10.20 10.63 tions were nearly complete, had an adverse effect on this year's earnings. The company's slock, traded over-the-counter, ranged last year from $21 to $30 a share and was bid recently at $16.50. Allis-Chalmers Allis-Chalmers Mfg. Co., Milwaukee, Wis., engaged in a court Earnings for the firsl six months of the Standard Oil Co. (N.J.) and its worldwide affiliates were estimated at $026 million, equal to $2.91 a share base d on the average of pl ant 215,062,000 shares outstanding. ''This earnings estimate," said M. L. Haider, chairman of the board, "represents an increase of $5 million over last year's record results for the first six months of Sfi21 million or $2.89 a share. For the six months, total revenues from sales and investments were estimated at S8.3 billion, up 6.4 per cent from the comparable total of $7.8 billion for the first half of 1968. CHICAGO, TUrSDAY iradimi on the Chlcaoo change Tuesdav. $27 and up to $27,75 for 1 to 2s. Cattle were steady in moderately active trade, with choice steers spiling at $30.25 to $30.75 and up to $31 75 for-high choice ^ r and prime A "viie- *pq Spring slaughter lambs were r c b 4u, Apr steady fit $30.50 for choice and prime. lAPI-Fulurti Mercantile Ex- Prev. Clo»» • A uc]. Oct A UI Sues Pickets • Levitt & Sons of Puerto Rico has brought a $l-million damage suit against 20 families ; claiming that their protests i against buckling floors and dropping ceiling lamps have cost the company loss of sales. iuOlnSt Sup - 'eachrs 6.21 6.79 8.01 9& 8.52 22.7024.81 ? echncl echvst ;eehnol, tS!Jr P MR To7-j:73. TSSiy ISiHi Tudor Fd 16.6618.21 TwnC Gt 4.31 4.71 TwnC Ine 4.82 5.27 Ur$ Mut lO^j !!•« io:i611.10 United Funds: Accm .7.2? /Incom /Sclen UFd Can Value Lin Incom Spl Sit VnceS spl Vandrbt 7.97 J .46 .54 13.89 15.18 7.81 4 1 7.76'1.50 5.50 6.03 7.50 8.22 7.56 8.26 7.87 8.60 ',27 -~ WallSt In Wash Mu Wellgtn West Ind Whitehll Windsor Wintield Wlscon Worth 5.00 7.34 8.93 5.76 5.43 7.98 9.76 11.7912.89 12.55 13.72 11.1312.16 7.34 8.03 14.34 15.67 9.29 10.15 5.99 6.5S 7.13 7.79 3.13 3.41 few days might not be too heavy and that crops could be expected to benefit from sunshine. When the July options in the major commodities were being liquidated, longs found buyers scarce and the corn option eased 3V* cents before closing out. At noon, wheat and soybeans closings were easier. New crop soybeans attracted some late buying that produced short covering. Corn closed, 1 ^ to 3'A cents a bushel lower; soybeans 1 cent lower to -Ts cent higher; wheat unchanged to iVz cents lower; oats unchanged to 2 7 /s cents higher and rye % to % cent lower. Des Motaes Grain Des Moines price, less than carlot Tues- fight to prevent being taken over by White Consolidated Industries, Inc.. reported) Levitt & Sons, which was ac- six-months net income of i quired last year by Inter$12045846 or $1.01 a share, UD national Telephone PRICES FIRMER ON IOWA HOGS Hy Daryl Vanilcrflugt (Fcder'iil .Male Market New! Service) Interior Iowa hog prices were steady to 25 cents higher Tuesday and lambs were unchanged. ,(.;.S.. No. I Io 3 200 to 230 pound butchers sold at country LIVESTOCK SLAUGHTER i WASHINGTON. TUESDAY (USDA) I Estimated dnitv livestock stflughler under tcderal inspection: Hens C.-it'l" Sheen 767,000 1I6.«'0 35,000 257,000 112,000 229.000 112,000 5-IJ.OOO 224. MO Hicjh low Close ;.ive riFEF CATTLE ?9 70 :» 40 J9 50 11 HI J1.J? J7.8? HJ8.00 28.32 ?F, 17 ;7.6i ?7 72 ?» JO ./ «S 17 45 11 50 ?«.0!) T 80 ?' 40 ?7 40 11 85 T' '5 ?7 35 n .15 28 00 }' '5 J7.40 37.47 11 85 - 1M1; 0<I, 1 9JJ Dec 8?1 : 130; Jun, 118; Aun. 70, M. I. IVI : HOC,', . ?'. 07 'H 90 j; w jsi)7 ?/ ; D ?? JO 71 3S }•> 50 ' :: no ;•! (5 ?i m 71 m '" ?l 'S ?1 «5 71 95 Jl 90 tdlei Aun 3', Oil 31. Doc 8. Feb 1 S"l I 1. I.GGS > ; - x 1 Jf> .17 M 4l.8'J < ' 95 Jl r", 1! f" :•'. co 'lav. 102. Dcr II 41 ?5 41 50 <! 70 40 VS '1 35 4') 50 IB M n3» .15 b"> 544 7; Frh 0 4175 JO 50 38 oo 4? '5 4? 00 43 :o 40 <)•, J-> 45 41.") 3P 00 34 85 Otl 44. . FROZEN WHOLE EGGS !< ....... va Ort 0 ' IDAHO PO'IATOHS 5 80 5 70 Nilv 0, Mav 4 f > FRO/FN PORK " 34 70 .' i 10 17 15 1* 55 1ft. 00 1 40 .75 15 40 35 4', 4 a^ 5 '0 . 31 40 .1] 0? .14 15 15 70 35 8.79]. r-eh Ooen -1 4 '1 B bid, M-lv 13. ntrrn^t: Jul 1.910. / * V»r. 959 M,-v 50V A-fl^ked, N-nomin,ii Butter Market 4 »', s «o V, M 1.1 B.1 11 05 V 55 3 A 55 1.S79. Tuesday Week aoo Year aao Wk. to Date Corr. Period Last wk. Last vr. Following i-> Tuesdavls rrnort on Iowa- MmnesoU-Wlsconsin d.iiry bulk butter n-, given by the Federnl-Slate M^rkM New, 'fv'ce: sunpliei fully flmnle; qrnde B "' ;c hl » her; halance unchnnqed: creamery oo- m " k " nd Cr(! ' lm 523.000 437.000 77 7,MO 723.000 73.000. Grade ' r ar AA (9.-! ' ld '' A 11 score) ICOT] B "° iM-47' ,c. mostly Wholesale Meat MK% ES MOINES, TUESDAY, riot meat trade — ed-State cork cut! Steer 500-7-. „. _. ,. forMUirttrs pork .cut*. - Ib, $41.00- ill?*. 12-14 lbs^$3?.50; 11-20 Ibi ... $J3.7S; bnl» et butts m-3 (U.SO. CHICAGO (TUESDAY) (USDA). Trade slow, steer, heller beef SOc lower; cow beef weak to SOc lower; fresh_pork loins . butts 4-8 Stetr good cholct Ibs. $1.00-1.50 *w 'lower; lambs _ Boston In Murder Case LAS VEGAS, NEV. (AP) - Switch, Defend Loan to Brock WASHINGTON, D.C. (AP) In an apparent change of mind, the Small Business Administration said Tuesday a $135,000 loan guarantee to baseball star Lou Brock was "well within the concepts" of the minority enterprise program. The agency's amendment switch irked the ranking Republican on the House Small Business Committee, Silvio 0. Conte of Massachusetts. "I don't think any guy mak- $47.00; bellies, sdls 10-12 . Ibs. $39.50; 14-16 Ibs. $39.00; $38.50. • 16-11 Ibs. Iowa Catfle lowa-Soulhern "slaughter stet.. -.„ -. SOc lower than Monday or I ttwn lilt Friday. Trade s demand fair; slaughter cattle.bouahl - ' J "ver* weights or FQ|nee< .. Slaughter steers •Ml heifers 25c Instances SOc lower ^— 50c lower ' i tile- lly DE| MOINES, TUESDAY. Fed-Stite ._*_.....-— MlnnesoU DF iwer than Mo lilt Friday, slaughter call j weights or ... with 2-4 .per cent" pencil shrink or, eauiyilent; c«tt e bought on plant del with 2-4 **« SV 'L fOrTleedlpTs rink or the uaht. on irciss basis Ice 1 0 .J0.2S, mixe ,,04-2».O Jtas yiel >lce and prim* mlxed flood and up 158.5 per cent from $4,659,323 or 45 cents a share a year earlier. Sales edged up 4.3 per cent to $433,840,362 from $415,716,433. David C. Scott, president, said "we are pleased the U.S. Court of Appeals has ruleckthat White Consolidated be prohibited, pending a full trial, from voting any shares it owns of Allis-Chalmers stock or taking any action calculated to give it representation on the board of points for $25.25 to $25.75 and at national Telephone and Tele- , , f graph, operates the Levittown £, fi 9 - b ' residential area west of San Juan. Potato futures $25 ? to $26.25. Choice prime spring . . . . . . . slaughter lambs went for $28 to Several doxen residents pick- S2f . eted the Levittown sales'office ' p rjcps an(J rccei ls arc lislwl last month claiming their floors, were buckling and their lamps dropping frdm the ceiling. contends publicity Prices and receipts are in the tables in this section. NEW YORK, TUESDAY (AP) _ PotatB futures: M«iru> closed 1 5c ln*er; Sales Midwest Stocks CHICAGO IAP) - Following i., „„ «t> brcvirilcd MM ol \locks Iradnd on IMi- Midwest Slock E/crwngp lue'jdflv wilh •,.m:v. highs, jows. ooiintj prices and nrl chiinoes (torn the previous clo',e. The company pickets and the sought was malicious, in faith and a deliberate attempt to distort the facts." "the they bad directors of Allis-Chalmers. The company's stock, traded on the New York change, has -a 1969 range of $24.37 to $32.62 and closed Tues- da Recelpts-eorn, W ears;i soybean! S3. Wheat—farmer! No. 1 $1o9Vj. Feed 1 , prices are sub ect .to_wide _v;rl : ations In different sectloi cost. ons of the state due io transportation,' nandilno and storage Pure bran-$Z.67'/j-3.40. Soybean mea.l-S5.00-5.30. Linseed meal - »$**L n . JM .« ) Tankage-M.20-6.M. Central Iowa Market n b i d .'r ' m. mols'luft, t2.51-J.S3. Chicago Cash CHICAGO, TUESDAY was nominally lower Tu changed; receipts 3»2 Commodity Credit Con Corn lower basis lower: cars, Including 11 for the CO Oats lowtr; basil lower; Soybeans receipts 20 ci %hMt C "lNo. 2 yard yellow J1.33; No. 2 soft red 11.31; No. 1 hard yellow SI .32. "corn -^ No. 2 vellow ll.SOVi, No. J yel- '°O.Vi- /J No. 1 extra heavy whit* »4c; No. J heavy white 63Vjc, No. a heavy whltt Soybeans - No. 1 yellow »2.72V,, No. 1 yl OreisV-'ciioice white arease Tuesday was »%c a Ib.; bleachable fancy tallow 6%c; and "B" white special tallow «'/«. (AP) — Wheat uesdey; basis un- cers, none for the receipts 307 receipts Tears. cers, including 2 Minneapolis MINNEAPOLIS, TUESDAY Wheat receipts today 415 cars; (AP) year ago 2?6• trading"ba.,runchanged to Jc lower prices »i to,2Hc lower. If Vb", 3 ; «, 1 wh P ,.r!c W ai,co5n, under 5$ Ibs; per cent 7D. No. 1 hard wint» , hard amber durum, ... discounts, amber 5-22c;_durym JO-35C. . choice $1. 72-1. 18; Oats No. 2 yellow S1.22V4.1.23',i No. 2 extra heavy whit; 5 Dividends ..Tuesday's Final Soybean, . -^o. Standard bra standard m da...,„-.-red dog unchanged $54.00. yellow J258V4. F Mlgf» low Close a* is* Directors of Western Union Stock Ex-i Telegraph Co. approved plans! ! for a major restructuring to ' take maximum advantage of day at $24.87. future growth opportunities. -' .The management-proposed plan includes formation of a new company which will be in- • corporaled in Delaware and operate the Western Union Telegraph Co. as one of its subsidiaries. Shareholders will vote on the Oil Depletion Reaction Top petroleum .industry spokesmen reacted strongly to the House Ways and Means Committee vote to reduce the j 27'/z per cent oil depletion al- i plan at a special meeting in lowance to 20 per cent, i October. The changes are also Frank N. Ikard, president of j subject to review by appro- the American Petroleum In-: priate regulatory agencies. stitute said: Tax Needed "The need for realistic tax Set Record Rate On Treasury Bills \ WASHINGTON. D.C. (AP) -; ' For the second consecutive •week, the . Treasury Depart-' ment's 182-day bills sold Tuesday set a record for interest paid any kind of short-term government securities. , The average yield on Sl.Kbil- lion of the bills was 7.459 percent on a bank discount basis, up from the 7.400 per cent accepted on July 14. The government accepted an average rate of 7.220 per cent on a bank discount basis on $1.6 billion of 91-day bills, also a record for securities in that category. 800 Anch Coup 1/00 Arrn Di.il 700 Arm Paint 300 Athev Pd VOO Barton Dii 100 Ooldcn 20 Celan cvot 3400 Conill CP 1000 "<fciirtis Pub 100 Duncan In 100 F-'st WisBk }'/ FWD Corp 700 Grain Belt 50Q Grainger 40 Hcilemn 400 III Tol 300 John S8.Sri 300 Louis Cem JOO Marhoct P 100 Mickelbe 000 Modine JOO Nachman 4600 Nat Home 1700 NHome wt JOO Potter 1500 Supr Foot! 950 Thomd JR Hi on I nw 70i IS 30 t' 't • 78 .SI Nfl dote CNJ. i 20'«- '• 18 . 30-4- '4 « 6' i . 9'i-t; '4 . 7B 51 ?'•— '. 4 i;',.— 'i 7V 36 56-4 4? U'B IV I 10 4 It'll 14 36 >• 36^1— '< 56',j 56';t- '4 53 53';.+ I 14' 47 18' 9' 13' 21 23]«— 14'"47 .. t2'4-- I8'»— 9'4 — 13>.'-. 22*i-( MIDWEST STOCK SALES Tolal slock salts 680.000 American Leaders HEW YORK (TUESDAY) (API Sales, closing price and net cnancje of tha t?n\ most active s ( oc*s traded on the American Slock Excrianqe LAND BANK second trial of Ted Linn, 35, Jackson, Wyo., on a murder charge. Linn was granted a July 7 on the basis of remarks by Dist. Atty. George Franklin and failure by Lyon County in northern Nevada to supply the defense lawyer with a tape recording. Franklin said he would appeal the order for a new trial to the state supreme court. Linn was convicted of murder May 17 in the deaths of Larry Olinger, 33, and Robert Stacker, 30, of Jackson. Both were former residents of Cedar Rapids, la. lars) a year would qualify for this program," Conte said. "If j J a >, n ." Fun d | you go out and make loans like dividends Declared Pe Stk. ot Pay- Rate..rlod Record able INITIAL Bulova Watch new .15 Ferro Corp new ..175 Lvkes-Ynsstovwn .15 Oh,o Casualty new Kansas City KANSAS CITY, TUESDAY (AP) Wheat 117 cars; ' ;C lower to 1":c hipher; No. 1 hard and darH hard S1.28'j.-1.49U; . , NO. 3 $1.29'.4-l.3S 3 .4; No. 2 red wheat 9-26 SI.24'-1.293,4; No. 3i1.22'.4-l 2«'-i. »-10 Corn 14 cars; "4C lower to 'ic hioher; O'Oklep Copp 10 EXTRA (z)1.40 ... new trialj this you won't get a nickel | (z '- Approximat ?(r C REASED from Congress." ! Gen ' FLYING CARPETS TEHRAN, IRAN (REUTERS) — The Shah of said inhabitants northwest Iran three Persian rugs Iran Tuesday of Bijar in are sending with the Shah's portrait on them as gifts to the Apollo 11 astronauts. Introduce Bill For Tax Relief WASHINGTON, D.C. (AP) More than 100 House members joined Tuesday in introducing a bill to provide an estimated $4 billion income tax relief to individuals. The measure would double the $600 personal exemption fflr taxpayers, but not for spouses and other dependents. Representative Patsy T. Mink (Dem., Hawaii), chief sponsor of the new bill, said it should be incorporated in pending tax reform legislation to give a break to the wage earner who is hardest hit by the 10 per cent surtax. Flreproollng .12 ..... REGULAR Allied Stores ..... 35 Ambac Indus! ... .125 Am Bank Am HoisHD . Amsted Indus) .. .60 Ashland OlldRf* • .30 Brown-For DIstAlB .10 Burlington Indus! . .35 Cenco Inslrum f-10 Co MO No .7 wnn» I1.fi; NO. i ii.fu-i.ey; rjo. 9-12 yellow and mixed $1.31; No. 3 SI.21 »•).31. Oats —1 car; unchanged to '<c higher 8-6 8-14 No. 2 white 63 3 ,i-70c; No. 3 62 3 i-69c. Milo maize S2.11-2.16cwt. "9.5 ».] 2 Rye S1.02'/ 3 .|.06"j. Barley 86-94c. Soybeans J2 64-2.70'2. • forked bran 139.50-40.25 a ton. IK bran S33.50-34.25 a ton. 9-2 ores ..... Indus! ... .125 nk Note .. .25 isHDerrk .175 .15 .22 .50 .45 cent La Elec CenttSou West Cons Edison NY Dart Industries .. .vis Foxboro Co 15 Granby Mining ... .30 Granisle Copper .. .25 Gulf Oil 375 Iowa Pub Sve ... .33 JohnsontJohnson .20 Kresgt. S S 10 Leigh Prods 09 Lenox Ine ...• 25 10-20 9-30 10-1 9-10 9-15 9-15 10-1 9-1 8-28 8-15 9-8 BullTbran I33.50-3 .-,..,, , Wheat futures closed from 'i-l'.ic lower. July Sept Dec Mar May Dec Medusa Port Cem .30 ' " " .45 1.50 .235 .30 MercklCo NorftWn Ry .. Northeast Ulil ... Nprthw Bancorp, O'Oklep Copper (z)2.10 (z) • Approximate Overnlte Transp iroxlmately. rransp .. .25 Palm Beach Co .0625 Peter Paul 3o Pres.Rlty A»B .. .20 Bev«r* Copper»Br .375 Roosevelt Raceway .20 Royal Crown Cola .135 Scherlng Corp ... .20 Southern Rwy ... .70 TRW Ine 25 Wabaih Magnetics .10 Warner-Lamb Ph .275 Wilson Ph«rm»ch .125 Wise Elec pow ... J3 WHEAT FUTURES Open High Low Close 1.24"i 1.24'i 1.22"'j 1.23'i 1.26'i 1.26'/4> 1.24"4 1.25 1.31 1.31 1.29'/i 1.29'/2 1.33'/» UF/t 1.32V4 1.33'6 1.35 1.35 1.34'i 1.34'i Sorghums TREASURY NOTES MEW YOHIC(AP)—Closing U.S. Treas.. .• Notes bid and asked prices In dollars and thirty seconds and approximate yield to maturity for Tuesday Aug Octl' Aprl May May 1969 1970 1970 1970 Aug 6~ J ,« 1970 Oct 1>j 1970 Nov 5 1970 Feb 5H 1971 Apr IVj 1971 May S'A 1971 Oct 1V 2 1971 NOV 5't 1971 Feb 4 - o ic hew « ^:ny/z J" ? Apr 1'? 1972 J"I s May « 3 .4 19J J,, iOct T'J 1972 I? 7 : Apr I'/J 1973 - 1972 r 1973 _.. . - 1973 '*' r} &™74 5^4 .1974 Pel. May 6 Feb 6'i 197 May ' -" 1975 1975 -i 98.24 96.4 98.14 99.4 9826 94 96.26 96.26 91.24 96.4 8».20 95.26 93.28 8'.24 93.1* B52f 84.8 82.8 81 94 94.18 94.16 96.6 97.18 98.22 99 96.20 98.11 99.8 98.30 94.16 97.2 97.2 92.24 96 12 9 0.20 962 94.4 88.24 93.24 8623 85.8 83.8 82 948 94 26 94,« 96.14 97.26 98.30 7.33 7.43 6.37 7.38 7.39 *.07 7 40 «.ll 7.26 7.30 606 606 /02 6.09 5.96 699 693 6.90 4.75 647 669 Sublecf to Federal taxes but not r* Stale Income taxes. .treatment of petroleum production is greater now than at any time in the past because of the nation's ever-growing demand! for low-cost energy. "Percentage depletion has 1 been in effect for more than 40 J years because it has stood the test of repeated, searching ex-| aminations. The facts show that | it has been one of the most ef- i fective provisions ever enacted | by Congress." i The oil depletion allowance lets an oil-well owner deduct 27Vi per cent of the gross value of the well's production each year from taxable income — up to half the net income from the well. Decline in Search E. D. Brockett, chairman of the board of Gulf Oil Corp. said: "In our judgment, the current proposals affecting percentage depletions ... are not in the best interest of our nation or our customers," "The fact is," Brockett added, "that in the United States, we're using oil and natural gas faster than we are finding new reserves. Because of the high risk and enormous costs involved, there is a continuing decline in the search for new oil fields, and, in all probability, the supply and demand gap will widen even further if the present proposal is passed into law." Consumer Pays If the proposal is passed into law, it "must inevitably result in higher prices to the consumer," he added. A spokesman for Texaco, Inc., had said shortly after the committee vote that "Texaco strongly feels that the mineral depletion rate for petroleum should be at least 27.5 per cent if the oil industry is to generate the funds needed to meet future capital requirements." First National City Bank predicts that an TnVcstmenf of $200 billion will be required to meet added demands for oil in the next decade. A bank analysis of the oil industry over the last 10 years reveals that the drain on company funds already is causing 4'15 Fob . 5 70s F<?b 3''«s Sept . S-'HS Or.l ".. 4 ; .", Fen . 4 ; »-, Aor .. 5s Feb ... 5''r,s July . 4'as Feb . "«S Apr . The Hubinger Co., Keokuk, declared the regular quarterly dividend of 25 cents,, a common share payable Sept. 10, stockholders of record Aug. 20. EARNINGS (Leased Wire to The Rcqijte Latest Period •»._. . Boise Cascade Corp. 6 months June 30: Net income I 30,580,000 S 19,990,000 A share i.st 1.02 . Sales 588,140,000 506,150,000 Borq-Warner 4 months June 30: Net income i 24,922,000 s 23,278.000 A share 1.27 1.18 .Sales 536,224,000 544,381,000 Burlington Industries 9 months June 30: Net Income 460,162,000 s. 59,264,0001 L i an A share 2 32 7 34' n-n Revenues 1,331,560.000 1.202,277,000 ' Clt es Service 4 months June 30: Net Income i 68,700,000 t 66,500,000 A share • }.I6 • j 09 Revenues 787,100,000 729,900.000 Commercial Solvents « months June 30: Net income J 1,110,536 J 1,253,077 A share 37 4] Consolidated Frelghtways 4 months June Net income t 6,084,000 S 6,032,000 A'share i 09 i 09 Dart Industries « months June 30: Net income s 20,600,000 I 15,700,000 A share ' I 05 7* Dow Chemical Co. for 4 months June 30: Net income s 79,50d,000 S 69,100,000.,, ....,,i A share $2.63 j 30 'LOCdl „ Sales 877,300,000 "Eastern Airlines 4 months June Net income s 2,391,000 S A share 17 Ethyl Corp. 4 months June 30: Net Income s 15,748,000 \ A share i 30 117 Freuhauf 4 months June 30: Oper. income J 11,940,401 i 9,061,775 A share 1.37 , 07 NEW YORK (An Land Bank Bonos: 6.25s Scot 1969 4'4S Oct 1969 5'4S Jan 19/0 6 305 Feb 1970 5'»s Feb 1970 3'IS APr 1970 6.70s Apr 1970 _.. 6.70s June 1970 . 6.75s June 1970 tO 5'es July 1970 1970 6s July 1970 8.15s w.i. Aug 1970 4' js Oct 1970 6.30s Oct 1970 6.80S Feb 1971 3';i May 1971 8.15s w.i. July 1971 1972 1977 1972 1974 19 75 1976 1976 l"78 1979 BONDS Closing Fe 99 21 *• 99 93.24 95.23 98.4 97 98.18 98.20 98.20 96.78 97.78 100 12 95 74 97.28 97.V4 92.24 100 I? 95.12 91 « 94 3 «9 '/5 16 88.12 M f.l 16 893 77 74 84.8 84.34 Bulles Gas Asamera Oil NatGn wt n. AMK wt Dellcna Cp Air West Dixil/n Cn Four Seasns Equity Fnd Mesa Petrol 134,200 120.700 81,000 60.100 47,800 46,800 42.700 42,200 59 39,500 55'.« 39,500 38U 24'. 26' 4-1H 99 99.8 98,20 97.16 bid, 32nds. w.i.- When issued. asked tractions 98.26 99.4 99.4 97.12 98.12 100.24 96.16 98.12 98.16 93.24 100.24 964 97 3 95.8 90 96 16 89.12 87 88 16 90 8 8" 74 *7 8 8b 74 eprescnt U.S. BONDS NEW YORK (AP) — Closing over thi counter U.S. Govornment Treasury bonds, '-'- 1 osked, net change and yield for Tuesday. 4s 69 Oct ... ?"?s «9-64 Dec 4» 70 Feb .. 2"J5 70-65 .. 4s 70 Auq . 99.8 98 ..98.2 ..97.V . 96.16 2'js 71-66 93.6 4s 71 3'«s 71 ' .'.'.'..'.'. 4s 72 Feb 2'-,s 72-67 Jun «s 77. AU9 .... 2';s 77-67 Sep ?'iS 7267 Dec 4s 7? 93.27 .92.22 . 92.6 . 68.20 .9) 4 .87.22 .67 89.16 98.15 9B 4 98.6 97.6 96.20 93 14 93.30 ?7.30 92.14 88.30 91.12 67.30 87.8 89.24 --'4 --.2 731 7.41 7.37 7.05 7.36 6.77 7.19 7.27 7.29 6.78 7.16 683 6.77 694 4'ns 73 89.18 99.26 -.2 6.90 , 4'us |4-'S Vote to Strike At John Deere 74 74 , 74 80 ... 5 80 s 83-78 s 85 s 85-75 s 90 s 92-87 93-83 .89.14 , 89.14 .87 20 , 80 20 .77 4 77,B .71.4 80 70 78 . 76 . .77.20 73 16 4'ns '4-89 . . _ 1-i 95 70 JO 3' ;S 98 70.24 89.22 89.22 89.4 81..I 77 70 72 24 71.20 80.16 71 12 76.16 73.20 74 71 4 71 8 6.77 6.80 6.56 6.50 «.29 6.21 6.06 6.20 ' .12 5.9? 4.8 6.17 4 4 6.U f.4 6,19 4- .8 r.02 4.12 5.48 + .4 i .4 4 .4 I .4 ^ 4 Prices auoted In dollars and tnirtv-seconds E/rn^nqe dollar. DUBUQUE, lA.-.Members of the United Auto Workers Union 94 have voted in favor of a strike' against the Dubuque "'•3".oM j 0 h n Deere Tractor Works if a. * u "» lra ^ '<*%!'"'! 14,558.000 dispute over job rating is not re- oi*"5 .owvmnbenmari; '" d °" ars " nd decimals ° f * Canada In NY (tree) Britain (pound) 30 L>ay Futures 60 Day Futures 90 Day Futures I ( Tues.. 9255 2.3895 7.3875 ?.3B40 7 3755 I 1150 . .Mon. .9256 73895 2.3880 7.3840 2.3750 1.1155 solved. A union spokesman • i said General Telephone 4 months June 30: :r>er rent nf the members voted Net Income sill.019,000 sio4,040,ooo ' " l ue '"emuuis voieu A SnSre 1 (\* On ' Cimyldir i r\ fm-riM A( « n4t*iISA T"Hr. A share Revenues Goodyear Tire Ju une 30: 1,563,284',0-Ob .,396,.5,,Co6 ^^^ '" faVOr ° f 3 StrikC ' The i Rubber co. 6 months j union ..contends "an inadequate France (tranc) Holland (guwMr) MD.tt i Norway (kronei Portugal (escudol Sweden (krona) Switzerland (tranc) (tree) West Germans West Germany . .1329 .2011 .001594 .1400 0157 I9';5 .2322 .1329 .2011 .00'592 .1401 .0352 .1935 .7372 76,247 000 »69,012,000 \ fate of pay" has been applied by j La( ^ ut?<:hemark ' _^ , America: Argentina (peso) ((reel Brazil (cruzeiro) (free) A share ) 06 -/o i e S ub?e s in, me year'fne 8 ^ 00 '' 409> '"'° 0fl imanagement to a new job intro NeHnoome' '\ "",570.000 t 15,496.000 j dUC'ed at the plant recently. NC-, ve e nezSe,a e5 (°boliv« • •--- im in'iinn'dotiatinnii arf« nlannpr) Far East: Honq Kong dollar Japan (yen) Near Ea r >i Israel (pounn) NEW YORK (TUESDAY) — Silver futures closed 160 to 2)0 points lower. Sales 1,267 Contracts; July 164.00; Sept. 165.40c; Dec. 170.lOc; Jan. 171.80c," War 175.OOc; May 178.OOc; Jul. 181.lOc; Sept. I84.20C u£m'«t i, u > . 52°'855',6bb 485,112,000^01131^3 are planned. Homestake Mining i months June 30- Oper. income J 1,173,145 s 1,425,052 A share 23 OQ Kaiser. Induititi Corp. 4 months June 30: Nenncome $ 13,056,000 $ 18,732.000 IFC Financial i months June 30: '' 6 Silver Mil .7465 0801 1645 002785 2500 .0029 .2465 .0801 .2229 .1645 .00278-3 .2900 Net income A share $ 49,054,000 S 1,37 45,022.000 1.26 Milton Bradley i months June 30: Net Income $ 719,9)4 $ 511,910 A share 20 • 15 . Sales 23,670,707 22.897,454 Lvkes-Younstown 4 months June 30: Net Income $ 10,043,000 $ 22.987,000 A share 37 i 19 Olin Malhieson 4 months June 30: Net income $ 2,009,65) t 1,238,199 A share 1 73 i 09 Sobering 4 monltis June 30: Net income $ 11,698,000 I , A share .73 Hide Market Raw NEW YORK (TUESDAY) (AP) hide futures closed 50 points h^ner, 3 contracts; July 16.25c; Oct. ZIS.OOc; soot liqht native cowhides S16 J * Uc, * - norn.- nal, / - bid. Metals NEW YORK. TUESDAY (AP) - Soot nor'terrouo metal prices Tuesday: Copper, 46-46-4C » Ib.. Connecticut Valley; lead, 15',c a Ib.. New York; zinc, 14 :c a Ib, East St. Louis; tm, Sl.62'4 a Ib., New York; oold S42.15 per troy oz., New York, silver, $1.660-per troy pz.. New York; quicksilver, .510.00 nominal per tlask. New York; steel. No. 1 heavy, S30.0011 00 a ion, basis Piltsburgn. Cocoa Sales 103,574,000 85.727,000 Sperry Rand Corp. ) months June 30: Net income S 15/69,000 S 16.046,000 A share .46 .47 .Sales 409,459,000 361,685,000 Sauibb Beech-Nut t months June M: Net income $18.807,000 $16,301,000 A share 1.01 86 Standard Oil of Ohio * months June 30: Net Income $ 34.200,000 $ 31,300,000 A Share 2.57 2.35 Sales 400,400.000 351,300,000 Storer Broadcasting i months June 30: Net income $ 5,093,908 $ 7,728,767 A share 1.21 L84 Revenues 32,413,000 31,681,200 Studebaker-Worthlngton t months June 30: Net Income s 17,004,000 .$ 18,455.000 A snare i48 2 54 Sun Oil 6 months June 30: Net income s 73,900,000 $ 84,700.000 A share 1.99 269 United Fruit i months June 30: Net income $ 22.043.000 $ iO.7.65 Q30 A Share 2 69 2 52 Universal Oil Production 6 months June 30: Net income $ 5,060,000 $ 1,343.000 A share 52 .85 Revenues 202,104,000 248,795,000 Warner-Lambert i months June 10: Net income $ 35,760,000 t 28,771.000 A share 1 19 96 Sales 40i,8n.OOO 364,184.000 Xerox Cprp. t months June 30: Net income $ 76.308,542 $ 60,290,340 A sh.re .99 79 Revenues 566.57B.663 471,432.918 Copper NEW YORK (TUESDAY) (AP) -- Cop- NEW YORK IJU E . 5nD , A .. Y > i'tf P J~ ;per futures closed 20 points lower to IC5 Cocoa futures dosed U to 2i ?P in «' s .'"/Llv 8.900.000 points higher; sales 437 contracts; July Sales 1,091 contracts; July «.I5C. Sep.. 56'64.35c; Sept. 61.70c; Oct. 60 35c; Dec. 43.)f>c: Dec. 41.70c; Mar. 41.10C. .May 58. 30c; 55 SOc; Jan. 57.25c; J.ul. 54.SOc. Mar. 56.3Sc; 1,091 contracts; July «2.15c; Dec. 41.70c; Mar. 41.10C; MayUUOc; July 41.15c; Sept. 41 33c; spot Accra S48UC; s-nominal. SALES TRAINING MANAGER OuUlandii'ig opportunity for salrs executive to make limn- money in a growing industry. If your earnings arr now in five figures; if you have an outstanding rfcnrd in selling; or training .salt'smen to soil high rapital goods items; if you have a general understanding of livestock farming"; if you feel you need a greater opportunity to advance; if you have some /training in leaching {preferred hut not required) and if you are interested in working for one of America's top industrial Compunii.'s with excellent benefits . . . You may be the sales training executive \ve are seeking. Write or call Ron Carter, Personnel Manager or R. C. Smith, Manager of Marketing Soarvicfj;, at A. O. Smith Har- vesiore Products, Inc., 550 Aif, Algonquin Road, Arlington Heights, Illinois 60005. Tikerjhone 312-439-1530. An Ki|ual Opportunity Krnployer/.,'

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