Arizona Republic from Phoenix, Arizona on June 17, 1970 · Page 76
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June 17, 1970

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Arizona Republic from Phoenix, Arizona · Page 76

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Wednesday, June 17, 1970
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A! *~ «•* » I I »»rf THEA&IZGKA.REI'UBUO • oiMioflmes Phoenix, Wed., Jnne 17,1970 41 Late wave of liquidation sends soybeans lower .CHICAGO (AP) - Soybeans futures declined nearly 3 cents a bushel on the Chicago Board of Trade yesterday in a late tvave of liquidation that also affected soybean meal and oil futures. Wheat futures prices fell IV* cents but com, oats and rye prices were mixed at the end. Trade through most of the session moved at only a fair Bank and Trust NEW and ask from p plied by eurities sold (bid). Interdeaier markets^ c! Throughout the day. Prices do not It retail markup, nwkdown or commission. Bank and Trust Bankamerlca 2.20 Crocker .Nat CP l.<0 jlrst N . est 2.90 Livestock lsh«*,brU.S. DMirtmtnt. re. Livestock Division, Mark of Asrl- ;et News PHOENIX (AP) — Trade rather slow on slaughter steers and heifers Tuesday, f ifed sales steady, but not enough of er class sold to fully test price trend, dlots receiving only fair Inquiry as ers.resist current live prices, in an attempt to.bring them In line with dress- f SOO. Two ; several w m end ipt to jallzatl ugnti Ion. er steers — conflrn several is with end 11.00; seven >rs — confirmed i io*i* mostly choice 975 Ibs 32.00; loads good Holstelns ?,'000-i,200 ibs. Slaughter heifers—confirmed 4" four loads mostly choice 850 II.. to deliver by July 1; five loads 9--- .mostly choice 800 Ibs. 29.50; couple loads good 775-900 Ibs. 28.50-29.00. Tuesday auction; Estimated salabje cat : classes; slaughter cows stronq. Supply inc... cows, balance mainly . Slaughter cows: utl high vleldlnB 21.50; ca i calves 700. "Good demand for all ; feeder cattle and calves steady; and bulls steady to luded near 40 per cent _ feeder steers. 20,50-22.90, new cutter 19.50- Slaughter tter and utility 1,100- few .. 585-710 'II Feeder 5-500 Ibs. Steers 32. .20-31.10; few lots . .80. Couple lots standard and good 5 Ibs. heifers 24.00-25.30. . cattle and calves: . Steers 32.40-34.30; ..... .10; few lots 806485 Ibs. 27.00- standard and good 655- CITY (AP) — Cattle 800; steers and heifers steady; .00-30.00; heifers KANSAS Calves 25; _.._ cows strong; feeders steady; steers high good through average choice good and low choice 27.00-r oood and low choice 27.0L , utility and commercial 22.00-23.50; ...... dressing utility 23.75-24.00; feeder steers high good and low choice thin 500-700 Ib 33.00-38,00; good and low choice fleshy 650-850 Ibs 30.00-33.00; choice fleshy and partly fatter ' —* pace, but the momentum quickened in the last 30 minutes, and this was the period during which most of the liquidation came into the soybean complex. Before this, soybeans had opened on an irregular tone, then showed some improvement, only to fall back under speculative liquidation and profit taking. Some trade sources felt that the soybean complex had been largely overbought in the 1st two weeks and that a period of profit-taking and possible speculative liquidation might be in order. There was no apparent outside influence to work on the futures market. Deaings were mixed, but local professional involvement was strongest. Prices of soybean meal and oil at the cash level reportedly were a shade easier, as were competing products. There was some weather buying of wheat futures around the opening, but it failed to generate much enthusiasm. Later, some commercial selling was noted as this was interpreted as hedging against new crop purchases. isk Net 41/4 + 1/7 7'/4 + 1/4 0'/» + </4 'A inv Inc nc Amer Lf nc .income Lf .408 ^..-. cons .loft Louisiana SO..LI .oval fjrt Ufa- iYl\w5 Insurance ut - krsLfpla im Family Life imFideiltyLlfe .08 imPoundationLf .1 imFoundersLife .( , Am Am .20b Life s .08e .05e .05d Am Guaranty t Am Heritage Lf .20 Am Income Life Am .Intl Group .so MldwnUr Alsslon Aodern Aonarch Aonumei Monumei tntf Grpcypf 2 § 'pf alv .38 Am jyins . Am Pioneer Am Public Life AmRelnsurNY 2 AmReserve .32 Am States Life ,05e x Madison lankers Sank iem ,fl?Mjl°.l ikers .Secur .20 --lefjp Nat Corp ieneflc Sfd Lf A .40 :allf Westn St .40 rapltalHoldlnaCp .40 Vi -hase Mat Life s Chesapeake Lf B Chubb Corp 1.60 CoastalStLflns .25e ~ " Un" I Jnlv Life&Acc ila .National t iSlcX rolumbl. ... :omblne Ins .<oa .onnGenlnsur .84 :ont Amer Life 1 -opt Mortgage Criterion Ins .30 "rumjfcForster 1.80 :rum8.For pf 2.40 lurham Life .60 :RC Corp astern Life jducator&Exec .10 :mplre Gen imoloyersOroup 2.60 Excel Invest •xcelslor NY .44 •xecuilveLlfelns NY ^amlly Lf A s arm&HomeLfc ,30e t arm New Wld .12 : deljfyCp .50 Fid Onion Life .15 st Am Flnan .20 32 — : st Colony Life : stFederalLlfe ,32 Fst Mortgage ins t Founders Financial Franklin Life .40a GL Enterprises Gen Reinsur 1.40 Geo Washington Ga Intl Co Globe Capital Lf&Acc .08d mplovlns IB ovtEmpLlfe .20 reat Cmwlth Lf t Southern .28 lobe ovtE t West Life 1.40 Hamilton Intl Cp Hanover Insur 1 . Hartford Fir* 1.40 Hartfd Sim Boil 1.32 Home Security .40 383/4 n lancn . ifn. Flnel wta: en Lf Hie W Ohio Motorola plant manager in Seoul praises South Korean workers M C P>* .Rioy V.S r *-. .15* Ohio. _ 'eerless Ins .30. 'eninsularuife ,12e 'rotectlv* I *" ..12« >enn Life 'Pedmont ... ^referred R 'rotectlveLIf YovldeptLfN rovldm Lf&Accf .6 'yramld Lift .Me *ep Nat Life .to Jfchmond Corp jaTeco 1.20 Safeco Pf .90 it Paulina C Seaboard Life JecurltvConrtLfi Security Cp 21 iecLlfe&Acc .L_ >ec Title&Guar .20 "•!» iVa 17 + 'A 4V» ... 12% — 1/4 ... — 1/4 - Vj 1.12 LOB Angeles Tilnes Service SEOUL — Some unhappiness may have crept into U.S. businessmen's relations with South Korea, but there's no sign of it at the modern plant on the edge of Seoul where a division of Motorola is turning out millions of integrated circuits and small signal transmitters a week. The $8 million factory is 100 per cent owned by Motorola's semiconductor division and is managed by 35-year-old George N e e d h a m, who worked at a similar plant in Phoenix until he was transferred here in August of 1967. "We are producing the same quality products here at one-tenth the cost, including air shipment of parts from the United States and returning the finished goods," Need- Business briefs Sierra Life jouthland Life Swn Life Ins >td Sec Life >t»fesm*n Group .108 iunLFfelns .28a Sypremj Life Time Holding .40 Inderwrlters Nat in coa .80 idelit Un t_Amer Life s Corripanles Fi FTrelns ,20e . Founders s t Liberty Lt t LifeAAcc . f Sav»Llfe t .Services .1 srylces .ISr lel«,Guar..2.20 Un t US F _ Variable" An'Tllfe Vlco Corp Washington Na.t_ WashgtnNat i Westn Cas&S 1.40 Resources Westn — '/4 Zenith Gnir Corp :holce 29. 7.00-29.50; 27.00-29.01 v > good thin fleshy — ' 600-900 Ibs 29.00-32.50. Hogs 4,000; barrows and gilts steady to weak; 1-2 200-230 " " gilt '.'. H Dec Mar May f Jul Sep Dec Mar May ; 1-2 200-230 Ibs 25.50; 1J 200-240 b •55.25; 2-3 240-255 Ib 24.50-25.00; 2-4 _-..SS \b 23.75-24.50; 3-4 21.00-23.00; sows steady; 1-3 18.75-19.50; 2-3 400-400 Ib 18.00-19.00. Sheep 250; spring lambs steady; shorn ewes steady; lambs choice and prime 28.50-29.00; ewes cull, utility and good o«OQ*8.50. CHICAGO A(P) — Slaughter steers •nd slaughter hell Ifers Chicago Stockyards Tuesday, cattle totaled 400 head. were steady at the lecelpts of Some high choice and prime 1,150 to 1,325 pound slaughter steers sold at 30.75 to 31.00 but a load of prime 1,350 pound weights topped at 31.25. Choice l.OOg to 1,400 pound kinds brought 29.50 to 30.50 and mixed and choice 29.25 to 29.75. High choice 925 pound slaughter heifers commanded 30.00. There were not enough sheep on hand of .any one class to permit a fair test of the market. Custom smelting NEW YORK (UPI) — Custom smelter metal., prices: pure ,30 , Ingots 29.00c Ib. ., Aluminum, primary, 99 per cent plus, Ib. ony, ared . Copper, electrolyti «0.25c Ib.; Lake 40.00C Ib. , . . . Antimony, domestic, 99Vz per cent pure, f.o.b. Laredo, Tex., bulk 174.00C Ib. Copper, electrolytic delivered. U.S. 40.00. . . . Lead, common, N.Y. 16.50C Ib.; Louis 16.30C Ib, Maaanese regular 31,3 _Nickle, el WHEAT 'Ul 1.38% 1.38% 1.3 1.40% 1.4,0% 1.3 1.46 1.46% 1.44V* CORN 1. % 1. . .49% 1.48 1.48V1 1.47 OATS 1.37V4 1.38'/4 1.39Va 1.40V* 1.44% 1.4S 7 /« 1.48 i 1.49J/4 5 1.321/j 1.32 —,- i— 1.32V4 1.32 .28fa 1.J7V4 1.27V4 1.271/4 "" 1.31<V4 1.31% 1.31% 1.34% 1.341/2 1.34% 1.32 1.351/4 1 . .66V4 .6) . .65W " . .67V4 '.68'/J .32*i .35'A .65Vh .65V4 .6; .671/4 .67% .671/4 .68% b.6B'/« b.68tt .68% b.68'/« b.68% 1.09 1.12 Jul Sep Dec Mar May & Dec 1.15M Mar MaV SOYBEANT Jul 2.77% 2.78% 2.765/4 2.77 Aua - Sep Nov Jan Mar 1.091/4 1.09 1.121/4 1.12 1.09V4 1.09 1.12 1.12 .151/4 1.151/4 1.151/4 1.15 l.lSVi 1.18' W 2.77% 2.77 2.77% 2.74% 2.74% 2.77 2.75 2.75V2 2.72W 2.72Va 2.75 2.72 2.73 2.69% 2.70 2.71% May Jul Aug Sep Oct Dec Jan Mar May SOYBE 2.77V2 2.77% 2.74% 2.74'/« 2.76'/e 2.80% 2.81% 2.78P/4 2.78% 2.80% 2.84% 2.82'/4 2.82'/a 2.84 11.15 11.22 10.95 10.95 11.03 10.75 — io.r~ — 10. 1.22 IU.Y3 IU. 1.03 10.75 10.: 0.87 10.53 10.1 0.56 10.76 10.: Jul SOYBEAN MEAI 10.97 11.15 10.75 10.<" 10.110.52 10.15 10.01 I 1.78 9.90 '.67 9.80 9.6: ..... 76.00 75.1 73.90 73.90 ~:'. t... 7 j 7J 72.75 ^ M !?an«e. 99.9 per cent pure, boxed ., t —, electrolytic cathodes, f.o.b. Port Colborne, Ont., 128.00C Ib. Platinum, soft 99.5 fine $130-135 OZ. Quicksilver, $415-425 76 Ibs. flask, Tin, N.Y. prompt delivery 169.00C Ib. Tungsten powder, 98.8 per cent minimum pure, $3.90 Ib. Zinc, prim* western, N.Y. 16.00C Ib.; East St. Louts 15.50C Ib. FUTURES Silver closed 100 to 150 higher. Sales 1 " Jan. .164.60; Jul. 165; S Mutual funds NEW YORK (AP) -The following quotations, supplied bv the National Assocl- -' Securities r . Inc., are [he prices at which ation of Dealers Caplt Inv Caplt Shr ",ent Shr .. ..'h— securities ----- have been sold (bidder bought ihese could (asked) Aberdn Admiralty Grwth Incom Advlsrs Afflllatd Afutre All Am F Allstate Alpha Fd Amcap Am Bus Am Dvln ... Amer Expres: Caplt Incme Invest Specl Stock Am Grth Am Inv uesday. Bid Ask 1.67 1.83 Am Mut AmN Gth Am Pac 2.25 2.44 Anchor Group unavail 6.45 7.07 8.65 9.4J Fd "inv. 7-12 ?:« :apit Grwth Incme Apollo Fd Assocla .... .... Astron 3,91 4.27 A W U « 4.97 Aug Sep Nov 44.85; _ Vn'l'e'a 1 ;- 62 ' no sales. Jut. t M.iS; iepl"' 45.25^ an. 63.90; Mar. and zinc futures closed quiet. Sugar . NEW YORK (API-Domestic tures No. 10 closed 1 higher, contracts. Hi9h LOW Jul 8.22 8.22 Raw sugar spot 8.22, ,uaar fy- >aies 333 Close 28.21 27.40 27.57 27.45 27.52 27.75 27.72 21.45 %$ W "•" 25.22 25.17 b—Bid. 26.42 26.35 25.22 25.20 a— Asked) n— Nominal; b— Bid. CASH GrtAIN: (AP)-Wheat No. 2 hard llow 1.39'/«n; ,No. ,2 soft red l.«J4n. orn No. 2 ye low • 1.3TOn. Oats No 2 yellow . ,. Corn No. 2 ye low • ..,. Oats No. 2 Soybeans No. 1 extra heavy white sllow 2.78%n. „ Soybean oil 11.37n. Los Aniele* Grain Market No. 2 yellow corn from the East 2.91 2.94; No. 2 yel ow grain sorghum 75-80 cent rate 2.56-2.59; No. 2 yellow grain sorghum nontranslt from the East 2,562.59. Citrus market LOS ANGELES (UPI-FSMNS)—Citrus m Gra1>efru?t n9 u e n S changed, lemons stronger, Tss&rr^^n&^^ai Jan Mar s Sr-nomlnaT, z— bid New York wool NEW YORK (AP)-Wool futures were higher Tuesday. Commission-house buying met limited trade offerings. Wool tops futures were quiet. , Wool futures closed .3 to .5 of a cent H. 9h Certificated wool si wool tops futures cl . Certificated spot wool tops si41 z—bid, s—nominal , N ?. »ales. Frozen orange juice NEW t-YORK .(AP) Irate .orange to (0 lower. Frozen concerv futures closed 25 contracts. lew close Close ^oj $jj ^ 5.70 S.9C . . 6.87 7.51 1.10 1.21 Fund B 6.47 .... Stock 5.28 5.77 Scl Cp 3.99 4.34 Babson . . 7.50 7.SC Beacon 10.8510.85 ^srq Knt 7.80 7.8C lair Fd 6.19 4.77 5.01 ' " Bondstk 5.48 Boston St 4.45 7.05 Bost Fdn 8.87 9.70 Boston 6.81. 7.44. Broad St 11.1412.17 Bullock Calvin: Bullck 11.31 12.39 - ' Candn Dlvld NMW S . . 16.5917.95 3.07 3.37 8.84 9.56 NY Vnt 12.63 13.83 '• ~d 6.48 7.K 7.22 7.81 capamr 6.70 7.34 Bid Ask 2.79 3.06 5.33 5.84 9.16 10.01 ma 4.27 4.67 6.39 6.98 Channing Funds: Balan Com St Grwth Incom Specl 1.52 Chaser 805: Fund Frnt Shrhd Specl Ihemcl Colonial: Equty Fund Grwth Incom Vent Col Grth 'ornmc :omS Bd •with AB Cwltn CD Comp As Compet Comp Bd Comp, Fd Comstk Eonsol In Consu Cont Gtl. ;orp Ld nty.Ca. 5.19 5.67 7.05 7.70 59.70 62.35 8.77 9.58 6.65 7,27 15.04 16.44 3.16 3.45 9.05 9.69 4.63 5.06 8.79 9.61 3.90 4.26 10.05 10.05 7.72 8.44 3.92 4.26 1.12 Ul 1.35 1.46 8.57 9.39 5.55 6.08 unavail unavail 3.66 4.00 10.02 10.02 9.12 9.5T 2.98 3.2i 6.42 6.42 6.70 6.77 12.01 13.27 9.76 10.55 ,rn WDiv 4.84 5.2 rn WDal ' iVoh M 51 ilaware Gr Delaware Decat Delwr Delta Drexel Dreyl Fd .'Oup: 9.81 10.71 10.2811.23 6.13 6.70 11.9511.95 9.62- - Dreyf Lv 10.87 1 Eaton&Howard: a alan 8.65 9.45 rwth Incom Specl E&f? ibinirso Egret Emro Sc Energy Entprse Gth ssex. 10.1811.07 4.65 10.74 1 5.38 . 7.45 8.1 7.51 8.23 1.07 5.0! 5.74 Everst airfd Fall ap Farm Bu 4.54 5.93 7.98 8.7; 8.17 8.17 Over the counter st grade 48s and larger 3.15-3.25, 56s .1.75-4.00, 72s 4.15-4.25; choice 48s and larger 2.757 5648, 3.00, 113s 2.75, 138- 163s 2.50-2.75; Southern California district 1st grade 72s and larger 4.25-4.50, 88s 4.15-4.25, 113s 3.50, T3Bs 3.15-3.25, 163s 3.00; choice 88s and larger 3.00, 113-173s Quotations from the NASD are representative Inter-dealer prices as of approximately 10:30 a.m. Inter-deafer markets change throughout the day. Prices do not Include retail markup, marVdown or commission. Date: June 16,197( Security ' Bid Asked Aero-Tech, Inc. »h 51/4 Anheuser-Busch, Inc. .80 65'/a 66 Arizona Bank l.f2 26 27 Arizona Valley Development 3 y, Baron Inc. Corp. 4% an Bayless, A. J. Barkets .60 ~ ' ihwestc LOS ANGELES (UPD-Citrus suction OranSS-^llfa 72s 88s 113, 138s 163s 1st grade: 4.71 4.50 3.85 3.55 3.82 3.72 Trend: Lower In spots. Lemons: 95s 115s 140s 165s 200s Trend: Slightly 'lower. .apitol Southwest Corp. .40 Combined communication Combined Securities Fund .omponents Inc. :onsolldated Dental Service '•--" —Ml Natl Bank 12 'A 7'/4 SVt 5.68 Butter and eggs NEW YORK (AP) -.(USDA) — Wholesale egg offerings light. Demand fair Wholesale selling prices based on vol- New York spot quotations follow: Standards 3fVj-33 1 /i. ' : fancyJarge (47 IL ' ancv medium (41 Fancy smalls (36 "Browns: Fancy large (47 Ibs mln) 33'A- =ducat. Computer Systems Inc. =arm & Home Life .25 = lnanclal Corp. of Arizona - rsf National Corp. : iorl Corp, : ry's Food Stores, Inc. .20 Sreater Arizona Savings • '-ane Car Wash Krueger Co. —rv Energy Corp. Pacific American Corp. $1 p.v. Pacific Standard Life Penn Paclf c Corp, - •' - - • "-italsCorp. mln) 3fr average) average) New York potatoes N.EW_..Yp_HK_<APl -Potato futures: Igher to 2 cents Close Maln» closed 2 cents low$r, Sates 171 contra Cottonseed oil NEW. Yi (AP).- tonseed olf futures closed aul tales. There were no bids Tuesday. Bleachable cot . quiet, with no or 'Offers LOS ANGELES (UPI-FMSW)-Eggs un , Pouitry: Egg type hens (dellyered) 6Vi- Tft wtd avg 7.02, (ranch) SVi-6Vi wtd avg 3.89. Exchange—Bu Ing .pric (AP) — . Chicago Mercantile steady; wholesale buy; 93 score AA 69'/j; ggs steady, to firmer; wholesali s steady^ to firmer;, w •lees unchanged to '^.hi >r belter .grade A.whlte Ino prices cent or bt.,.. ,.... iums 26; standards le I igher; BO whites ; checks 1 O per ; med- New York cotton ._ No. 2 futures cli bale higher than tl Hlflh JU 2577 Oct U.tS Dec 26.97 Mar 27.25 z—bid ._ 10 to 95 cents a previous, close, ^' nla Inc. 6.21 fyl 4Vj T/4 2'/4 8V» V/t ,...,. Penn PacrflcCorp. P.M.C. PowdereiTMeti "lerra Silver Mining outhland Corp. outhwest Gas uthwest Research .25 verelgn Industries me. ..jompson International TraveLodae Corp. .25 iQverelgn Indus "hompsor /ravef Union UB Financial Corp. .60 Valley National Bank .64 Wachovia Realty Inv. Webb, Del - wts Cocoa NEW YORK (AP)—Cocoa futures closed 5 to 10 lower. Sales 316 contracts. .ay Spot Accra s30, s—nominal Hay market LOS ANGELES (UPI-FSMNS) - Ha market . Arrival.. ..i sorghum 11, fl unchi sis: ' _- 4, barley 8, corn T 3. You'll travel much cooler if you bring this ad to ut on or before June 20, (970. We'll give you a 10% discount on any of our custom fabricated car screens of Shadow Screen. 'Rear window is fabricated in polished aluminum frame and Installed with the angle of the glass to block and reflect 70% of the fun's damaging rays. Protect your car's upholstery and keep your car 20 degrees cooler, We have the convenient roll-typa for all doors. It will make the difference on your vacation. This ad must be presented at time of purchase. Hours: Mon. thru Sat. 8:00 A.M. to 5:00 P.M. SHADOW SCREEN CO 1723 W. Camelback Rd., Phoenix Phone 279-7455^ Bid Ask ed Grth 1 0 Cap Fund 1 Trnd 1. inancial Prog: 373 4.09 Dynm Indust Incom Vent stF Va stln Dis st InGth st [nStk st Multl st Nat st Slera et Cap et Fnd la Gth nd Gth oundrs oursg 3.25 3., 5.05 5., 4.37 4. . 8.B2 9.64 6.52 7.15 6.65 7.29 7.09 7.7" . 5.42 4.85 4.82 5.26 3.98 4.35 6.83 7.46 8.92 8.16 rank/In Group: 8K2S $8 Z * Utll Incom reedm d frMut und Am atewy fbleftf roup Sec: Apex F 6.20 6.78 ~al Fd 7.86 8.60 :om st io.80ii.8i JhFd A 5.79 6.33 rth ind 16.3016.30 ryphn 12.0713.19 uardn 19.9019.90 amllton: HFI Gth .. . .._. larbor 7.00 7.65 lartwll 12.7513:28 5.99 ... 5.07 S.' 3 h ,l 15 M Mut Ila Jqrlm .... lot 5.89 6.41 ne St 8.95 8.9. on Ent 5.49 6.01 on Fnd 9.5510.4. an Inv 8.64 9.4 ricmufunds: Grwth 19.8319.ft N Era 8,r8 8.4! N Hor 19.4l9.4L 'ro Fund 7.86 7,86 ^roydnt 3.71 4.05 urltan 8.56 9.36 'utnam Funds: Eault 6.17 6.74 Geprg 11.7512.84 Grth 8.26 9.03 Incom 6.85 7.49 edb Gar edge ierftge Mann ubsmn Gth Scudder Funds: _. .nc •npact F TIP nc FdB ndepnd nd Trnd lo.il 11.65 idstrv nWoA nv^uf 3.55 ,... 10.401.... Pnd'ic !^ !:H nves Bos 9.9010,82 nvestors Group: IDS ndl 3.34 3.63 Mut 8.34 9.S 3.13 3.41 14.59 15.81 8.61 9.21 Var Py 5.62 6.10 Resh 4.14 4.5: 15.34 15.81 Aut 5% Select nv stel 6.04 4.04 4.44 7.01 17.10 17.1< unds: ^Hncock ohnstn Keystone Fu Apollo 7.45 8.18 Cus ' " Cu Mates 3.25 3.2 Mathers 9.30 9.5 Aerld Fd 11.1112.1. AldA Mu 4.66 5.0 Moody Cp 10.18 11.1 Moody s 10.9411.9 «|F Fd 7.15 -~ MlF Gth 4,29 ... MuGov S 9.99 9.! !Au OmG 4.08 4,4 Mu Omln 8.70 9.4 Mut Shrs 12.48 12.^ Mut TrsT 1.77 l.r \IE AMut 8,11 8.2 at Ind 8.15 8.1 Jat Invst 6.14 6.7 Nat Secur ~ lalan Patrick Mrs. Smith Incom Stock !-03 ne WmS Ne Nell .,.. PP AIM TC Sec Invest Vista Voyag Jep Tech Severe «lnfret tosenth alem Fd chustr . 6.36 5.66 6JV 3.40 3.73 I3°.31 13i50 5.24 5.73 4.51 4.93 unavail > 12.10 Public Service names Patrick supervisor Arizona Public Service Co. has appointed John M. Patrick, Phoenix, supervisor of placement and salary administration. Kitty Smith nominated for national honor Mrs. Katherine "Kitty" Smith, executive secretary of the Arizona Newspapers Association, has been nominated as national advertising woman of the year by the Phoenix Advertising Club. The title will be decided at the American Advertising Federation convention in Milwaukee starting Saturday. ham told newsmen who toured his plant. He was high in praise for the 2,100 employes, mostly young women, who do the work. "They train in two -weeks less than workers in the United States," he said. "I think these girls are more motivated, their discipline is better — probably because they need the work and are glad to get it." Needham said he has had no labor problems such as those which have troubled some foreign-operated businesses. No union has succeeded in organizing his workers. "Motorola feels that with proper management, workers don't need outside representation," he said. "The way to keep outside influences outside is to give people more. We have instituted many of the fringe benefits that unionized plants in Korea are just getting." Needham said the average salary amounts to $45 a month for a 6-day, 48-hour week, including a free meal and transportation to and from work. The company operates 11 bus lines covering the capital area. In the plant, he said, he encounters some difficulties with different customs and an expectation of a more paternal relationship than in the United States. "If the United States rates zero on the paternalism scale and Japan 100, Korea is about 80," he said. One of his first surprises, he said, was in the resignation of supervisory personnel over loss of face in an incident which would be regarded as trivial by a foreman in the United States. The question of corruption, reputed to be one of the biggest obstacles for foreigners doing business in Korea, brought an unconcerned answer. "We deal with three ministries and we made it clear from the beginning that bri- bery was not going to be part of the operation. "We entertain — everybody does that — but that's as far as we go," Needham said. At the end of the tour, he looked into a spotless cafeteria whefe employes were getting lunch, with a big bowl of rice as the main ingredient. "This kitchen and ours at home are the only ones in Korea without cockroaches," he said. "For months, I came in here every day and opened the cupboards and if anything moved, I raised hell and we got rid of them." nt Inv iu_ _. . Spcl 26.63 26.63 Bal 12.58 12.51 . Com St 7.94. 7.94 Security Funds: Eouly 2.60 2.84 Invest 6.545 7.17 Ultra 5.78 6.32 dec Am 7.99 8.64 .el SpecS 12.0013.12 >ham Fd 8.54 8.54 jhear Ap 87.4495.56 Sh Dean 13.4013.« ide 8.40 9.21 Sigma Funds: .apt! 6.84 7.40 nvest 9.09 9.93 Trust 7.47 8.16 imith B - -- - •wn Inv .wlnv Gt . lover Inv 11 Spectra „ iFrm Gt itate St 7.50 7.50 7.19 7.77 ' .49 4,25 4.25 ._.., -. 36.5037.50 teadman Funds: Am Ind 6.80 7.45 Ftduc 5.34 S.85 Sclen 2.81 3.06 >teln Roe Fdst Bal 15.6315.i Cap Op 6,80 6. Stock 10.6810. Sup InGf " " ' iuplnSt ivncr Gt [MR. Ap reachrs rcchncj , Techno) 5,93 6.46 Temp Gt 22.6724.78 Towr MR 4.25 4.65 Tran Cap 6.14 6.57 NEW YORK (API- Exchange In dollars a dollar. Canada In NY (free) Britain (pound) 33 rP av Future* 60 Day Futures Trav Cap 6.14 6.57 E4 7.51 8.21 TwhC Gt 2i55 2i79 rwnC Inc 3.53 3.8 Jn f Mut 7.76 8.41 Jnlfd 7.72 Jn Capltl 7.42 Jnlted Funds Accm Incom 1 Sclen Vang 6.1 UF.d Can - Utah brokerage firm buys business here Victor I. Cartwright, president of Utah-based Victor Cartwright Theobald & Pearce, Inc., has announced acquisition of the over- the-counter customer brokerage business of L. G. Victors, Gold & Co. of Phoenix and Tucson. The new firm began operation in Arizona June 4. The firm now has offices in Provo, Salt Lake City, Phoenix and Tucson and will open an office in Las Vegas within 60 days. The firm's Phoenix office is in the United Bank Building. Foreign exchange •Tuesday's Foreign and decimals of a 90 Day ay lia ut Fu tures uture: n?ll, a n r d 'and Australia (doll AustrFa {schTll Belolum (frant. Denmark (krone) France (franc) Holland (guilder) taly (lira) Xrone) escudo) franc-free) VnceS sol Vandrbt Vangi ngd r. 11 West Germany (deutschemark) Latin America: Argentina (peso-free) Brazil (cruzeiro-free) Mexico ,(peso) Venezuela (bolivar) Far East: Hong Kong (dollar) Japan (yen) Near East: Israel (pound) .2753 .2747 .2895 .2895 .2i20 .2220 .0801 .0801 .002793 .2900 .16*0 .002793 .2900 WE HAVE BUYERS In Phoenix NOW, who want to buy profitable businesses. If you are not getting sales action Phone NOW. Your confidence wilt be respected. WALTER POCOCK Assoc. 1137 E. Camelbock 279-9561 Oldest A Lariest Business Broker FOR LEASE Office-Warehouse office area 2000 Sq. Ft. Refrigerated, new, very nice. Warehouse area 100* x 120'. Sprlnklered—Well lighted. This building Is new —on Marlcopi Expressway at 37th St. Plenty of parking. Terrific exposure. Lincoln Meadows of Arizona C. W. Jackson 959-4500 An Equal Opportunity Employer 1500 N. Central 264-0237 Xfi r ,~ rndp VJklng allSt In ..'ash Mu Wejllngtn ,.. xpfr 18,1 est 12.1 iorg echv OFFICE SPACE NEEDED The Federal Government hit • requirement for about 2,100 square feet of net usable office IMC* In Phoenix. The space should be located In the north er northwest area with »ood access to the Black Canyon Highway. The space should be first class with refrigerated alrcondltlonlng and off-street parking. Space may be listed before Jun* 30, 1»70, with: General Services Administration Acquisition Branch - 8PRA Building 41, Denver Federal Center Denver, Colorado 80225 No Watting . . . Complete Dental Care for Every Member of Your Family. Teeth Extracted and Denture* Placed In Mouth In One Day. Dentists on Duty. I-Day Service on Dental Plates NO APPOINTMENT NECESSARY DENTURE REPAIRS WHILE YOU WAIT! WE HONOR FINANCING ARRANGED o CALL 254-4705 254*3943 For frte Ev!irn«lt» DR. PEASE AND ASSOCIATES 1st Si and Washington FOX THEATRE BLPO. Dally 7iM t« 5 P.M., Sun. 7:3» to 13 FREE PARKING Ul St. & WASHINGTON J. C PtliiiYKY Bl. Ult. SLEEP With Pentothal or Gas Anesthesia SILVER FUTURES For Information contact 264-0881 FERGUSON GRAIN CO. 1521 TowneHoute Building OFFICE CLOSES AT 3 P./V.. Phoenix, Arli. 85013 I WILL MY I CASH BUSINESS INVKftfOftY * fOVf^MINT iSNrti •"'"lusiritsJurrMi INDUSTRIAL SITE 4 acres on Southern Pacific main track. Located ntrar Black Canyon Freeway. All or Part Reasonably Priced 264*3796 DEAN SERVICE rtxc.lt Call 258-5911 FOR Offtc« Supplies Quality Data Processing Suppllw Try our auleK (irtntlni "jjviw for your letterh*«H» and envelopes. WE DELIVER 3025. 23rdA«.«8-S911 Early Verlie Verland Haldiman was an early starter with our firm. He has accumulated a good many years of experience as a Haldiman, but one habit has never changed — he's still an early starter when it comes to helping friends, old and new. Let Verlie see you through the hurly-burly of confusing insurance problems. Don't wait until small difficulties have a chance to grow up into big ones. See Verlie. Early! VERLAND HALDIMAN HALDI NSURANCE Service since 1897 401 N. Central Ave. Phoenix phone: 254-3115 This announcement is neither an offer to sell nor a solicitation of M Offer to buy these securities. The offer is made only by the Circultf, which is available at any office of GREAT WESTERN BANK. $3,000,000 SUBORDINATED CAPITAL NOTES GUJR Series 1—7% — 5 year term—minimum Investments 500 Series ll-7 1 /2%-10 year term-minimum investment $1,000 Notes are available with all interest deferred to maturity or with interest payable annually. Original investment in Series II notes doubles in 9 years 7 months through compounding when left to maturity. For further information relating to GREAT WESTERN BANK, its operations and earnings, and for a more complete description of these Notes and the provisions with respect thereto, reference is made to the Bank Circular dated February 24,1970, which should be read prior to purchase of these Notes. Copies of such Circular may be obtained at any office of GREAT WESTERN BANK or call 264-7441. GReat \uesteRTv eaiut Member Federal Deposit Insurance Corporation Climatrol manufactured the first air conditioning system in history. How about one for you? 1898. That's the year Climatrol assembled the ' world's first air-conditioning system. For a medical laboratory at Cornell University. Sine* then, Climatrol's worked hard to stay first. And so have we, with equipment, planning, installation and service. Trouble-free, heavy* duty Climatrol. For you and your family. Call today for your estimate. No obligation, of course. Climatrbl SAHUARO AIR COHD1TIONING N, Scomdok N.i Ttrnpt 947-7584

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