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Show r - . ' S4' YOUR ' ' ' - p: ,: : : ' , . W w : : - - 0 ''' ... , ,..., . ,. . . , 1 VCICtO r cr Raiz, i iV , r ' , , lale '' . et . lid . ' . - . 7 ,- his -- dis- - posat He is a swinger, tmding in and out of stocks for,quick, fat ,,,. profits. Because he chooses 0., ;;..44,...7. supusupaly, , ii his stocks in buying can run up prices fast Then he quietly sells and often the result is th e bottom drops out ,t There is little that can be done .,.., 3,..,,zz.,,,,,... ,.,, A under today's securities laws or Sylvia Porter rules to curb this type of speculator. Unless several firms get together to put a stock up or down, they are not doing anything illegal. The questionas:should there be additionalregulation ordegisla- - 7 144.,,,,, , ..... ,.., A 1 -;- ,$ ) . 1 Le, . - j 1 : Amerada AMetC1 Nt Cvs 110 Amer Photo Am Smelt 3 Am Stand 1 A ArnTST 2.20 Am Tob L110 Am Zinc .40 1 Ametek Ampex Cp Anacda .62b Armco Sti 3 Armour 1.64 Arm Ck 140 - Mhi - , , , mutual funds, pension Institutional investors funds, life insurance companies, bank - administered have become a doltinant factor in personal trusts the stock market. The individual investor is shrinking In comparative importance; the institutional fund, run by professional traders, is skyrocketing. Until recently, though, the institution was considered a stabilizing force in the market because of its steady buying. But among institutional investors, a special has emerged which threatens to be a key unstagroup ' blitzing force. Included are the "performance funds" which are dedicated to the goal of fast profits. These may turn over their portfolios several times a year and whirl up obscure stocks to fantastic heights before they feed out to a greedy public. Mutual funds are taking on new forms and vari- eties. There are new funds which specialize in "hot" stocks within one "hot" industry. There , are funds with severely limited numbers of owners (so they do not even have to register with the Securities and Exchange Commission) which are set up to use all known legal techniques for gambling in stocks. New "swingers" auo popping up by the day. Meanwhile, insurance companies are tying up with mutual funds; this will put a whole new army of trained salesmen into the mutual fund field. Financial Institutions are also tying up with mutual funds. This will widen the market tremendously too. Are we creating a "Frankenstein" here? Are we Inviting the danger of a trading explosion and specula-- CIT Fin CltlesS9 Cie....El CocaCol Colgate Collin. 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It Could Happen : - WASHINdTON (UPI) versity have been testing It's a pretty far out sugges- ous techniques for color - L experiencing an unprecedented boom in corpo are sunnily Most are - : , - - I - 4, ;.- - 1,271 essary. varitrans- Mergers 0 d divorces) tion, but some scientists think a fer in chickens for the last five chicken could be developed that years, but solar have failed. could lay square eggs (they In their latest trail, reported store.- easier). Not only that, In the current issue of Agrithere is a possibility that future culture Research, Lowe and his farmers will raise virually fat-- colleagues duplicated the MK- less beef, turkeys with mostly cessful Swiss technique exactly white meat and bogs with more but the results were negative the chickens stuck to their rnea,t and smaller bones. It all depends on researchers 'colors. 'developing a technique for One type of color transfer transferring genetic material having repeated success in the front one animal to another. 'If United States is done with fruit they can, geneticist e think IC flies instead of chickens. Lowe would be possible to drastically says that scientists at the Uni"'redesign" farm animals to bet- versity of Wisconsin showed! that the body color of young ter suit the needs of man. If farm animals could be flies was altered from that of "resigned," it could mein a their parents by soaking the sort of a "hybrid" animal could eggs from which the young be evolved that would produce were hatched in genetic extract more at a faster rate, but which from a different lie- of flies. sdlentifid less Lowe also would requke much says a theory exists to explain the possibility feed to grow. ' So far, however, researchers of color transfer by Injection or Genetic - material, In genetics have been unsuc- otherwise. cessful in proving , the theory possibly, DNA, may,, be passed that genetic trusters' are possi- fronl the donor to the recipient, ble. With the exception of an so that this donated "garde inin : Switzerland formation" is passed on to the' .experiment under which a line of white offspring along with the parchickens was turned gray by ents' own genes. Such genetic transference, being Injected with blood from , gray Guinea fowl,', 'tests have, Lowe says, does, not change the traits of the parents, just those been Mostly unsuccessful. of the offspring. If, for instance,' P. C Lowe, an Research- - Service ,(ABS) geneti- a way was developed to transfer nista who his conducted trails some genetic subfrom one animal to A at the North Central Regional stance ten-tePoultry- Breeding Laboratory. In cow,- the recipient cow's fat would said hiv tests ptay, the saMe, but Lafayette, ; her offspring Would have more have been disappointing.' 'fi. Lowe and other ABS scientists meat and less tat At least that's the &try:, cooperation yilth Purdue nt I , b a a 1 1 :1,...,,----,- ... ' ,I1, few arenas: , s ' vol. untary, but LOEB ON WALLSTREEr s . '''..) . always with us.--- It is just that there Tile tobacco companies trying to diversify. with strong management often take over those with weak. They buy cheaply and plan to profit I from knpmving the opera mut or mew new partner. Hunt Foods and Industries would be an example of a Comes ..,fiI -.- were "''' The immediate market influence depends upon the temper of the times. I recall being advised to buy the stock a Beverly Hills company because they were acquiring a group of scientists of head-'quarter- in Pennsylvania. I stock and it went the bought up, and I took my profit A year or two later the same source told me there was another piece of good news coming on the Beverly Hills stock, and so I bought it again. I made a profit again. The reason turned out to be the sale , Oa 14 38 188 4h 38 446 13 816 IN 4. 12,45 1651 49 26 146 e 46 70 462 210 30 9734 2934 9Svs 57Vs. 30 3134 511,1 1 04.4 4 414 -- 14 ta 13 V4 5151 16 154 1 3512 514 2534 614 5t5 3534 154e -, 151444-46-,- UN 244-46 2474 531 511 itst' 112 513tI - 1644 1216 12 82 1034 10 231i 934 10,4 2234 914 221-49,4 14 1414 1412 14 2034 15,1 46 203- 41512 4714 14 1434 21 71 1244- -4 1012 46 th 109 1614 6'1 6 4712 1312 2 13,4 1314 45 36,4 3612 361- 4- 44 15 32 1512 15 42 45 44,16 44411 82 2812 27,s 271- 4- 141 162 VA934 914 134 Vs 2100 134 134 1 104 1844 lawn Vs 77 22 2134 214- 4- Vs 2241a 2 22 2241 41 69 14 1341 13 VS 14 19 714 160 381e 38,4 3934 84 "Ye 2 912 91,1 712 25 714 734 .,.. We 136 8818 04 84 95 4314 4214 4214-- 112 30 247,4 24,34 204 I 5134 5136 SPE 36 1914 8934 1,6 1412 Vs 1414 35 3812 3714 3741 81 12 40 3544 10 12 7,V1 73 73 1 - : - 12.70b sOkiep - 47. 546 84 26 9 Ilusky(1-.3- -- - Vs 34 834 11 8t7 6 181 11 Kaiser Ind Kirby Pt .40 'Lee Nati C P IMeadins AI le 14 iMonwk 2,4k Cp 3,8 !Molylxin NtVide .300 1,1 New ParkM 37 PecNwIel s36 ta pneumD .10b Foil Vs qle RvanCn Pet ;;',117 - -,ZIShataick Dn V: 5112 ,Signal0114 I. ISonotona 20 StdMetal ,20 110,,t'sL",,--.40 ,Syntex yi Talley In 3k V4 2614 Technic .40 :: Tri Cont wt i1P,41 1A '4 vs Rad .37b 28,4 .20 'qv... 1;,WsNucir ,ZaleCorp 10 4112 ZaPeta eltS -256914 .. 76 VI I 2641 2334 2312 WI 2834 F57,; 413, 42 26 6933 5511 60 55 21 .". 304 2614 45 25 69,4 $514 321834 23 ,s 227s ;as 25 34 114 16 50 25 74 76 120 33 49 3211s 25 32,A 29 23 29 snamoi shown zr Mil. stiryox Tele& Tennec Texaco 3644 701s 87,4 2044 35 4t 3744- -- 44 6914- -- 282 Wheat: Dec. 133-t- e off It to let t) May 4t March 139I144 s off ei 34. to off 49,4 1,4 Corn: Dec. !text go Its PAordt 11:142010 up WO; May IVA-- itit Vs to et. Oats: Dec. Tivs-a- g unchanoad to oft Va. 3961114 By: Dec. 1114 off Ws March 1231,41 un294 changed. ott 6214 Soybeans: Nov. 26414.111 UP IVO Jan. V4 40 26714-3- 4 U0 lb to 41; Worth VWS UP Vi 14 9712 inside meriting were mixed. 14 3144- 444 5968 26 13 120 63 40142 68 88 4 1912 21 4614 47 7074 72 359e 221 49 IP 41 13 jet2 129 1041 25 3514 4 2714 8 102 sa" 9114 2514 6216 39 97 1814 1.4 CHleAGO (UPI) s;c.$lISCISI fad Roasters Poultry: rock triers Cheese; 5 lb processed loet 4nIsMeas brick 485214; Muenster 4842Yst chock single deities WOW; longhorns de lb blocks elt4974; Swiss Grad e A Grade S 1541t (Avis): 0 lb blocks): Grads 'Grade C $446; Grade 4. 5452; Grade C ,L Wholesale prices as resorted 4952019 Mesas Massestilst Esthete,: 2934 Butter wow; it) scars MIA; 9 owe 2 53 6614 SCOM 4514i V score 55A44 car, 374 St tots: Vscore eV score SOM. 5419-- 19 Roos steady: White large Write 30t lob mixed 6449 extras mediums n0 stenlarge 29; 6774- -2 dards 25; checks 11 1";;;;:. i7;uZs 10'4 '3534 10112 ,2111 2944 504 52117 42 3114 5649 3714 9 95'4 6412 6714 6974 54 261 29 IS 6112 151 5712 24 3312 6 351s 42 02 140 2512 10 3114 61 7214 105 7612 27 59 86 34 206 2514 9 3932 34 30 114 5214 n 1 1 MI 15 . 260 192 34 24 . - 114 .75b 1.40 534 5374 2914 14 60 -- 2914 64 5614 32 3$ -1: 323- 435 .....Vm AsSO 88 00,, 004 2414 3514 243- 4333- 4- 71 7114- -1 sevi - 3312 25 37 3014 52 1314 20 4614 281s 3714 1216 3814 67 7514 4714 4512 37 a5912114 673- 4751- 24712 451- 2- 324-2- 12 14 14 Vs 2- 2912 31 - 31 la n F S9 92 - Ns 55 29118 1746,-- 5516 29 ella ea 61 4961 2341 5434 3961 114 14 222 ilrZ-, 35 275141 "61 rrl 449 653432 1 6541221272122 March Ws 2214 5414 39,4 73'1 - In 49th Sesslon Vs - MILWAUKEE (UPI) The 'Rev. James E. Groppi led 350 open housing militants on a Tare h through a light rain in the 49th consecutive 46 Sunday V4 night of demonstrations. The purpose of the marathon demonstrations, an open housing ordinance, was to be aired 14 in a public hearing be. 66 Monday 11 fore the city's Common Council. The Council has rejected all pro; i 1014 53 53 m4.1-- 300 37 54 3842- -- 14 1" 1 4214 17 24 32 11.."20 Ze.fmgnithSRT 143 .. 117 46 111 11714 14 20 2014 20 201- 4- 14 4944 16 OMB 42 -1- 34 42 2112 2112 44-44 44 34 .21 5134 WA. 5501 2914 53 54 MI115141141 31 isr4--iii 101145 232 190 26 11 -l- - 31 3$42--04 IS --- 1115 X -T- -167 12014 11612 117 -1- 14 314 3014 30 3014 52 12 8214 8212 42 23 2231 271- s- 22 21 102 3316 22 284 42 421 -- rs 2242 7714 12 4314 4214 421-4r- Vs 4614 4614 3614 14 41 3142 3114 3114- -- Vs 97 34 3344 34 --, 14 40 3114 3814 SP-A- 41 111 7514 7514 751- 2- 42 33 4412 4364 4411 12 1.4i 13 1212 1711 11 1 41 22 50 49 I 14 5034 ..r4v--WhIteMut 2d --I2012 214- 1- 14 59 21 Winn Dx 114 VVe 3114 100 30 Woolworth 1 5314-- 112 34133 3412 16 3114 ....VV 1 4644- 113 "" victorCp '40 VIE Pvt 1.36 75 -1- 14 vs 9544 14 Warn Lam 3314 14 Wash W 1.20 25 Vs WV41111, 3114 1.90 301- 4- 14114111.ln' 1 52 14 WsBanc 1.10 1334 ftMon 1.40 2014 WestAB 1.10 44 West El 1.61 2212 Weyerh 1.40 371- 4- 14 1Wheel Steel r1Whirlpl 1.60 75 93 42 90 5934 191 68144 73 7611 17 4734 43 4514 2 32 177 35 $3 70 35 3414 63 3314 33 10 159 15714 294 2912 2912 TxGesT Tex GitS Texinstr Tx PLI TexUtil 1.2 Textron .70 The old Postum Company, now General Foods, bought Frozen Foods in Thiokol .400 Birdseye 1929. Two year later it was Timken LBO TreneCo .80 worth about 10 per cent of Transamo 1 Trensitron what they paid for it. In time, T W A 1 .630 and with a lot of money, they TriCrtnt T R W 1.40 1.60 20K Fox On the value. built up its other band. their Maxwell Un Carbide 2 House Coffee, which ' they Un Elec 1.20 Un0C81 1.40 acquired, is their principal UnPac 1.80e Tank 2,It lin profit maker today. Uniroyi 1.20 U Aircr 140 You can best appraise con- Lineirline UnCorp .50b stocks that you glomerate UnFruitCo consider buying or that you UtdGits 1.70 Unitd Shoe Gyps 38 already own on the simple US US Indus .70 ..basis of the management's USPIpe 1.20 2.300 record and the promise for USPI8 USPCh Web 21 4714 2812 3114 57117 14 14 WU 2514 27 102 27 A, 27 102 3314 Produce Market 3574 48 404 171 14 701 7014 3514 47 127 -- 1814 4614 4.112 &44. 14 Th. prices: 4 20,4 R- -- - CHICAGO (UPI) Wheat, cots and rys opened fractionally lower, corn fractionally higher and soybeans irregulariv higher Monday cm the Chicago Board of Trade Wheat was off Vt to NI cents', ogrn BO Vs to Vs; oats unchanged to off No rve off Vt to unchanged; soybeans UP 1 to IC Corn, cans and rye ware fractionailY blotto', wheat keul.rIv higher, and soybeans mixed on the Chicago board of Trade Friday. Estimated cork arrivals In Oticago Wheat 56, corn 224; (CCC Monday: none); oats 6: rve non.; barley 361 soYbeans 106; total 427. 30 2044 3144 3144 49 Open ;i1Varied - 14 29 4744 4746- -- 44 5944- -- 44 594 59 Vs 401k 41 1F41 54 54 5514 6244 6244- -- 44 63 20144 19944 2004-- 2 66,i 17k 1.21 2.60 1.20 1.42 .40 .10 .156 TexEIr 3544 21 SunshMn AO Sup 011 1.40 SwittCo 1.20 .. 2644 30 4544 3414 3744 7744 4444 140 64 8 South, stevniw Grain Futures 25t4-- 32,4-- 1A 2944- -- 44 IA 6714- -44 2644-- - 67t4 30 89 19 16 12 146 vivito,' Studbkr 2944 64 2674 21- 130451 swamp . 11, 22 69t4 - 28ft 1.20 sti 10 241'.6-- 70 29 484,4- sonlay 1.80 soiling 1.20 Scum 1.20 scmco .609 sconi1aor 1 siot cat 2.2a SearsR Co 14 WA 24 271 4 snaron 5514 91; 2.10 211- 4.80 39141 Stmonns 1.20 1941114 Sinclair 2.80 14 $IM 51119orC 2.20 22V1 sm Kiin 100 14 SCalEd 1.40 P1 .108 111 17140 SoNatG 1.30 03 sou pac 112 4441 snin Ry 240 4711-- 04 SowstPS .64. 14 2344 Ind Spartan 43 SperR .10P .70 3041 140 71'41 ov,e 011StBrn04 23741 1.90 NJ 2,400 St010h 2112 ef the Pennsylvanta science group to another company. 1 2314 5446 39,4 7314-1- 5914-- 1,1 1 111112 1 AO , ., I Federal Banking System Reports Dip In Reserves er Elect 1, ' If 1 ..': ' .,,..,...: higher usually of the .acqtaing partner. . Lit. wrong. -- ., ex: 'Mere - are managements. ton is an outstanding that siMply want to grow -, ample. : 7. ,:-.. --bigger and Meld, more power.. I bus!. the in of is there lines Then, Companies nesi that lave lost their - "raid" where assets can be growth or profitability diversi74,11quidatedand their valites se, kl. to keep alive and kickingLPred fairly quickly Know-ho- Way . ' EXCEPTIONAL OPPORTUNITY ' WANTED: - 4. 111 , C PLUS: He COMPANY - - --- - ' Reich.rt a politician, but has NOT GET THE MOST 101I ..,c111.1,kkbutc.hm. Browming MI6 Williew17S1 D-- it:supI i imimlmomime Ell 4 is visit w port of members of both politicfil with S. L. Stock Exch. Listing Protit .so, loss operation no ots- -t lost. By Novella party. Writ. Box tare this Nwspaper. Vol INVESTMENT limo osw os0 sows& Soon down payment. $1,000 lost oes. 10 yews This w00 lostCon Pal d ACT MOM 2774441 et $554269. ' . 17141' 27 1 is 1A 14 45,4 4514 4514--104 1614 9414 11611114 company that has been sueare more of posed open housing ordinances. 552 6014 5961 1,1 cessful at this. Mr. 20 1114 1114 11,4 t h e fornier The march led by the white 222 5634 504 56 144 Loeb Companies which see a 117 44 Roman Catholic 014 11114 just now. priest Sunday 6941 65146 6941 VI chance of improving their , and another led by 52 14 night, 72 7111 7114 There are many reasons for own Management sometimes 11 SS 2831 2814 26 Commandoes of the National 24 - - are able to take over ' or 2114 2614 2646 getting together and separat3 3814 3P1 314, Association for the Advance61 5314 53'1 53 ing).,Some good, some bad merge with another strong in of Colored eople's Youth 46 62 US Smelt le 6011 60,1 the future. 431 and some immoraL 2.40 LISSteti 63 4514 45 t o p, s e c o n d echelon or Council the same night, were 40 US Tob 1.80 IS 4044 The SS Unit Util .80 2614 26,4 2641 11 conducted without The original merger was younger management any ' 101ohn 1.60 31 51136 5744 51 addition of Thorndike, recent in the 64 3146 31 someone when UlahPL IA probably Doran, Paine & Lewis, Boston coal business got tired doing summer and began investment couOselors,, to WPnothing in in Phila. Iselling ice in the slack coal lington Management FOR A MORE SUCCESSFUL SALT in is case a delnhia, point still a good months. It is is freA tax loss carry-ovreason. WALTER REICHERT motives of one the quently There are mergers where behind an acquisition.- - The Free re settlement period for the NEW YORK (AP) The Most Qualified Man two concerns can consolidate StudebRkAr loQ,; inlayed a part Reserve called country banks. Federal at To Our City Commission and cut expenses and increase in its future plans. dasti Excess reserves dipped to an sales and profits. These are These are all valid reasons . member banks declined of ;296 1111111011 a dayl 30 years successful expert. the two plus two make five , Tbere are others not always week to an average of $151 mil. average ....,' '''', from $421 million on the previ-- , showed ence hi business: rentals, in. data lion per day, deals. Plough. Inc., has done so valid. ' 3, ::11- . ous week. Borrowings at Feder, , , vestments, petroleum. this in its highly successful A large. number of current Friday. ' al Reserve banks rose to $101 f':.;,.,,,..:, , This compares with a tevised million from PH million. policy, which has resulted in , acquisitions are partly mod. ,.,;,7"7,ver'" successful ex. 8 PLUS: years ,.. increasing their 'eandegs Year vated by setting them up to estimate-o- f .277 million in the i y.. The Federal' Reserve added' in the teaching pro. 1 perience after year- the leverage of the previous week. increase $636.5 million to its holdings of tN ,:.' .t? fession. . , .,::; This re' Informed bankers saki the government securities. mrnPanY 4 , Companies, .ivhose shares acquiring , in immediate higher Der decline of $126 million was at,,, ,, , '..k,,i The level of free reserves is & command a market premium, sults Masters Degrees PLUS:B.S. '' , the quality tributable in part to the public's watched by bankers and mono. sham I net, though N.:, can buy others not so blessed. In History a Pol. Science and of th7 earnings decreases It demand on the banking system Mists as an indicator of tight. effect in are buying al's They Doctoral Study. , , works in reverse by over the Columbus Day .holiday. ness or ease in Federal Reserve ,,,: good assets with cheap paper. ,,:, the downside val.. Additionally the week was a credit policies. increasing illb The resulting combination Respond. PLUS: Integrity should go sells at a level. nerability it things - , ,... - . are rate marriages. --- - ' 43112- -14 1714 45 114 Con M 41 57,4 , , NEW YORK (NANA) :Chief 71 11 36,6 i5 cs4 Stan Warn 1 SterlDrg .90 Booming . 11 3114- -1 621 5014 361s 40 16 41,4 6476 5011 377s 2914 2544 6914 37,4 1171 155 11 7 6 Sefewi 1.10 Suosid 110 St Reg 1.400 11 sanders 80 14 sang El :40 6111, 2144 ane, 3614 193., 3712 774 14 10 101 , ., 0 41111 la X 1.20 IA MGM Slcol 601- 4- 12 73M4. Ai .4812 Mc"in yo ,M100C 684-- 1W 471 44 04 E 1.20 AAMcGr ' 4014 133 Mail McDnI) ,409 sm spa4 5746 60 5346 3312 . DS Vs IA 12 187 31 25 4 134 Mine" 1.601 im 16 K 1 13- 2316 3312 15 . MerMid 1.40 MarshalIF 2 M811'411 I 4- okIt- 9 -26 5014' 5816 , 4546 7714 tit 61r4-3-ivi 359-6WI 2$ 11111011012 111- 47ro 1141491 is V4 .11006 19 al 240 Inft410t 713634 "MI 160 4471;441 A 149 31111 20V1 4634 - It 1111 2066 257's 6 -l 1116 69,it 29,.. 22 44 89 75 , 6 474 43,2 17 4814 38 :Clary Corp Creole 3.60a DayMn .35d Dixilyn Cp Equit Co Sk Fargo Oils FfdResr .10 Felmont Oil VA irIh St 15d it Frontier Air Gen Battery lis ,GreerH 00 .124 79 4734 40 43 85 lA 3934 64 50 3774 29 2512 6914 63 - 114 - , 712 31112- 4012 21 3612 35 3641 4 37 N 51914 54514 102 2514 27 2514 We 21 1014 26 11 27 166 211 117 114Vo 15646 149w CIO Inftiorv 1.10 int MI4 406 1314 10 06 37 41 4171 65 5011 3131s V4 14 1 59;s 79 4712 11211 3571 8034 4712 2 21 1.60 ,Asso 01184 BrazLtPw ,BritPet .336 14 33,4 35,1 13 51,4 3934 115 61 27 12 24 144 "246 an 0 40 .44 lAtn Pet .656 Amex Corp Ar141..loG 3531 8314 91 28 66 92 44 62 26 14 FAIldCont 14 .72116 33 33h NEW NORK (UPI)Selected stocks :thil;,Afnericen Stock Exchange utodsairt. 14;2 Sales(hds) High, Low !Aerolet .5011 36 2914 2874 :;41st!1 49 14 12 Pa 6 2219 35,4 1.40 1.35 Owen111 t - 46 0.10, 34 1434 owensc 11 75 371 7243 Nat Air! .60 NatEliscuit 2 1N1Cash 1.20 INtDairY NalDist 160 Nat Gyps .20 .NtLead 242 ,NalSteel 2,2 Nee Pwr .92 iNewbry .3013 N E noE 1.36 . 1.40 male, 1239 evzr Mad 21'1 50,4 6,11 2179 OutIlsOdEIMC110 81- 4- 24 29 50,4 .7519 31 46 h 1712 1974 3041 4719 79 5014 75 32 46 4719 .6714 1, - 1712 1934 1713 1974 3174 204.00 ""''''' 4 jotioem gal 6ra 6734..12 Johns-iAo VB. woe 50pLopp 40 Iry 3691 6614 274 511 )4V5 Intl pockets 10 pop 1.36 ir6 Ir'141114 - 22,4 43 6 Inland StI 2 tniCooloor 2 I B M 444 61 15 - 141,0 6112 2111r 2314 21 012 4546 2112 V 3314 3312 42 , 61 52 49 77c4 intnetint. Itto Rand 7016. 7110 34 , 34 1134 132 45 16 26 I 111 12 flI 3ro 2944 2014 6112 3014 '' ttousttPw 1 Hama Lb) IO1111 12 1614 53 25 3312 2212 21114 idennit - ' Gsm Vt 1.30 OnAcep 1,30 , w fi, D&RGW DeseretPharm GCComovtor GoniFirooroot InternatiShoe KIMRoviDutchAr NEW YORK (UPI) Metal brices: Aluminum , orimart, 99 per cent plus. Pu tt 30 lb Ingots 25.004 lb: Antimony, domestic, 9911 Per cent Put f.o.b. Laredo, Texas, bulk 44.00c lb. U.S. delivered Cooper, electrolytic 38.00311.2Sc York New ref inery lb; 3.128 lb; lake unouoted. Flumper n12 per cent eure, - to.b; INYCnt 1.10 612short ten Stilt NoAm Rock Lead, common, N.Y. 14.00c lb; St. NoNtGs 2.40 Louis 13.80c lb. No Pao 2.60 . . Manaartese 99.1 Pet gent Poet, 1 to 20 NoStPw 1.60 tons 26.33c lb. NwslAirl 19 ',Peke, olecteotyttc cathodes, f.o.b. POrt. NW Ben 1.90 94.00C lb. Colborne, OM, Platinum, loft 22.2 fins $10900112" Meld P .110g OZ. OgdenCp AO 7 761b flask. Otno Ed 1.30 Ouckstlyte, - Tin, N.Y. prompt deliver," 1521212c lb. Oka GSE 1 Tungsten powder, 981 per cent mini, Ck la NG 1.12 mum pure, 13.00 lb. Omarkin 4k Zinc, prime Western, N.Y. 14.00c lb; I n, East it, Louis U. lb, . 0 4221701 0.m. . t Poor's Indexes & PPaacc2talp 11431I Wool tops opened NEW YORK (UPI) 4 points lower across the bard on the pacPwr 1.20 New YIN'S Cotton Exchange MondaY.. PcISY 1.2e OPOttinQ Prkas: D.C. (19671 1594 bid) Pan Am .40 Mardi ()41 161.2 bid; May 1614 bitit Panhdt 160 Jule 1524 bid; Oct. 141 bid; Deo. 162.1i PotOoDo 14 bid; More (1969) 1601 bid. , Penny 1.606 Oroolo Wool oPentd from unchanyed to Pin" bx '60 6 points lower. Dec. (1W) 1162 bid; PennPl. 1.52 March 09601 117.7 bid) May 11152 bid; Pe 111.! 2,49,1 July 111.5 bid; Oct. 1193 bid; Dec. 120.6 reows l." PepsiCo .90 Id; March (1969) 120.6 bid. Pfizer 1.20a Pheip 0 3.40 PhilaEl 1.64 Phil Mr 1.40 70 12 Kannt 1.03 21 2114 2134 2 34 4712-1- 1A 30134 44 31 30 Keyser lt .60 41,'11'"' 404 14 Kellogg 1.30 52 4214 4234 420- 4PittPIG 2.60 12 1912 30 4331 4214 43 KelsyH 1.30 40 t341PrAerclid 36 12 Kennmll .60 51 9 52 $111 Proc1.0 2.20 32Ye 12 Kennecott 2 55 47 4614 4634 PubSYColo 411e 131134-- 1i4 31 14034 138 St Kerr Mc 112 121 Kicicie&Co 5912 M 6034 6034 603-4- 34,t,S.E.&G 1'5 ""' 144e 29 6234 6014 L20 6234134 46 12 IKimba Air 21 67134 7014 37YR 11 38 3114 313- 4- VIII.. tKopoor 1.40 2211 21 7641 75 34 753- 4- 34 ,n C A 100 121Kreetie .90 .60 ett !Kroger 34 114 23 1.25 ye Ralston 22,1, mi. .60 11312- -1, ,Rayetle Reynr 1.409 7412 12' .80 3734 Ratthon 3134 49 34 vs 3714Leargig 54A 31 1434 13134 1434 LehlKm .60 Reading Co 31 Loh Wel Ind 734 Ai 734 Rep 111 234 ill Revlon 130 22 3734 37134 37434 Lohm 2.141s 26 13 5334 121134 5334 34 Resell .30g 32 Vi 10F01 2.1106 47 15,4 15 34 Rey Met .90 15 LIMN Mc 3Ic 4914 7 ma 73'4 7334 Vs; Reyiob 2.20 Vi- a- Lirstimy 1.335 116 -1- 34 RiegelPaP 1 105 1111Vs 115 379- 6- yo Lincam Roan5T .35b 10234 10241- 1-1 144 104 2Vsk LOW 66 26 64134 6434 641- 4- 34 Robertshw 1 tOckhl 2.70 7796 1010934 11134134 RochG 1.109 50 tA Loews7 .23b 41 1013- 4- V. RohmH 1.60 1134 IV34 Lono5Com 1 121- 4Ve Rohr Cp .80 2641 2641e 244 26 Lop450 112 Om SO SO SO LorilltO 2.59 3514- -4 RoylD 1.62b -, 311 3744 37 1 13 X 4014--1 b Lukens 0101001 3641 ,52 Hanlon Pap1 Hoc loM 1,30 Hercule 750 Corshk 90o Host Oil .30 Houblln 1.20 14 12 00110 66 2712, 44 .4P1 44 ttle Holt Elooko Homost !800 Hotwwl 1.10 1 47 4414 1912 3512 3112 4112 4 A 4ow11111 HIltonH011 2212 1812 2716 3641 38112 27 tla -4 V VVt V12 ' 56 12 $912 3d1 , 12 012 10 WA 79 3212 16 4112 209 012 510 1410e 1412 2 IA 17 30 2712 82 22 2212 123 3412 3312 9 11312 11312 83 75 744 sok seAl .80 Groyne CD 1 Grummn .80 Gulf Me 2.t0 Gulf Olt Ler Cluit&Ws 1va 2446 4612 71 va 2234 WO 11MC Froo001 1112 131 -I- 331-2- 1.1 !WOWS, 1 1111aPwr 1.X 112440 NM 14 010 11 Forohtt4 .1"tS 3434 22 69 4646-1- 45 1912 41 nSneo t 7 .4641 M7 4 1114 .18 M 13614 lzra 11 339s 60 107 1.40e 12 n4112 I 273- -- . East Air .51 EastSSO .90 1644 EKodk 1.60. 4114- -4 Va Eaton Y 114 4114 Ms 1914 - ElPasoNG 1 SO 5044 14 Eltrac 1.68a 6812 611- 2- 44 End Johnsn 6644 661- 4- 41 Er Lackw 4514 X 4- 14 recodrh 2.40 331-2- 121 Goottyr 1.35 103- 4- WI GaceW 1.40 74 Grand() 91 3212 .60a 10 3512 351- 2- 141 GranM 1.10 63 85 15 Gt A P 1.30. V2 GtNPan 38 3612 X 3618 1.20 9 WI 3314 3314 GtNortkvet 3 41 173 170 170 -3- Gt West Fin 61 27 454- 6- at 164- 4- Vs' 2412 1.211 0.52 Graham Loving & Co. says if a moderate correction takes place in the market before the end of the month, a rally to new recovery highs should be expected before the End of the year. The analyst, however, says that if the market fails to colnplete its intermediate correction now, a "much more severe" correction should tak place later in the year. DetEdis 1.41 Dia silk 1.20 4012 Maas S .209 304- 4Diebold .409 321- 2- '12 Distill Sea 1 64 V. Dow Ch 2.70 361- 4.- 12 Dresser 114 3112314 Duke P 1.20 are I , 34 12 - 1N ' 4 6744..-14- 514- - 14 , 010 Metal Market Bache & co. says the market could receive some stimulus if the flow of third quarter corporation earnings is favorable. Still, the company says it doubts a concerned upward move is possible without some relief in the beleaguered bond and, money markets. 14 125.32 0,64 0.75 , prices. 1912114 631- 2- 12 764-1- 44 501- 2- steel -- 90a 1 124 2012 201- 2- 46 4 21 524- 6- va 16S 5212 52 123 36141 3516 351- 2- lAt 49 79 046 49 3746 16 3744 V lib 30 123,4112112123 33 4414 4344 4,11- 2- Vs Vs 71 9312 9014 91 18 4341 4S4 431hr 44 -4- 16 110 5911 SaY4 71 77'4 -11 32,16 3641 37 3) V ' 46 4644. 123 5146 opt 80 41 157 3341 3314 3346 46 47 5534 504 5512 Vs 2841 19 6NI 33 4146 4046 4141 41 3241 3146 311- 4- us 2541-112 217 2614 2341' 11 3144 3814 3112 43 55 506 541-4122 7646 7512 761- 2- 4,4 137 ...446 13512 1321391 Vs 111 4212 4146 4246 17 34812 34712 3471s-- 1s, 5341- Vs 4 5311 5312 4314 433- 4- I4 91 44 41 2312 2346 24 ',36 Mi 1212 1212 19 13 1646 264- 1- 46 41.27 46 de 1114141 restrict all investom Every Wall Streeter I know privately admits that many things now going on are at least "reprehensible." Who will do the policing this time around? - 47 1134 6312 7614 50 50 - NEW YORK (UPI) Winslow, Cohu & Stetson ,says The stock market is now hi one of its "classic squalls of temperament'l, displaying all the ingredientS necessary for a secondary reaction in performance issues. The ans. lyst says that whether such a reaction materializes depends on the degree to which holders of these issues are acting as bona fide investors or as traders who believe they can frighten more timid holders into selling at lower 14 V2 449 lo,0 BOnanza&Irlinti BunkorHill 'ColornenCo Con1Connoclor ConFreightwaYsinc 322.94 322.41 32).21 125 61 .119 Atnal5u01r WS V3.32 5004708 !Marquardt NatiGenCoro 96.06 Okonite NOM 95.90 PerteciFilm 0.77. 904 PetMilk 95.63 p.m. IStoutierChemicil 65 08 96.00 Prey Cloy SunOil TWAWarrentlei Time3Mirror Now York Stock Solos UnitedParkCity o UnlYMatch iMSICoro 6,520,000 Approx 2 p.m. total Vornado Previous day 9.043,640 'WesternPC Week ago 11,175,953 Whittaker 11421,150 Month ago worth 'moon 5,591,000 .Year ago Two years ago ,181470 ZatoJewelrY 1,52:A45441 I 1966 to date 1965 to date 1,166,936,621 1441 , 44 4712 473- 1- 12 1112514 124 140 DelMon Dennson 5512 3814 2412 5712 58 1912- Don it 121' Dana Co 110 Doers 4112 3314 5574 3112 5634 Wr 1 CYpro. 41, 3412 24 32 74 Co Cude911 5214 3346 2314 3141 2114 2314 3114 10014 6 5244 4514 Ps 4714 219 22 14 5114 3212 ' 45'1 314 33411 31 11 12 100 31 51 14 3114 2114 2314 3214 95 15 15 27 19 1, 3314 - 125.54 125.91 NEW YORK (11P11Staridord hourly indexes for Monday. (191143 mall 10). '14alt: Street Chatter Vs 14 2Ps 4566 5214 3314 i3v1 4IP4 4174 1979 63 7814 Si 5012 78 5034 3612 7772 2674 8214 ,. . .5514 2514 55 3314 14 Vs 14 4is 6914 45 46 4 6412 79 3712 2121 1.60 2.20 1.20 CrewnZ Crucibl 3114 514s 3314 Its 13 3746 1046 3314 11 Corn Ed 120 Corn Sat Co ConsEd 1.10 ConsF1 IA ConsNO U0 ConsP 1.909 Contanr 1.73 Cant Air .40 Cont Bic 1.21 Cont Can 2 Cost Oil 2.60 Contrl Data CornP1 1.70 Crane 3114 5114 20 1.41 44 1.91 1.21 Con9131 2V. 4014 21 1 Com.SIO 2O14 4012 144 20 199 83 99 ColInt0 148 Conics. 55v2 2146 5214 104 16374 1 Co...1 R .93 CBS Col Go. 55vs 2114 5714 13 371, 101, 6914. Dow-Jone- -- 251.47 250.85 256.23 249,66 916.44, 214.99 213.60 4.57 Standard end economic news generally favored an upswing. fell Ludlum Allegheny inthe mostly lower Motors section. fractions dipped srilall after a steady start. After three hours of trads Indus, ing, the trial average was off 3.18 at 914.99 and the rail component give up 1.32 to 250.23. The New York 8246-- 146 3214 57 etrAl 84 11 33 21 3212 4014 161 140 230 DOYCO Haack is too hop to pretend he has the answers. He can, though, see the possibility of rules which would be aimed at but which would simultaneously 2 1.60 1.13 Chrysler 5114 3314 3614 5314 3414 4614 5214 3414 24 3146 2146 24 2814 10014 '6vs 91 ChmSP&P 1 Chl NoWst 4 Chi RI&Pac ? 7014 29 15 25 2.900 CaroPI 1.34 CarolTel .68 Carrier Cp 1 ICasel.111 Co CaterIr 1.20 2 Celanese CenSoya .10 Cerro 1.609 Certain-- t .10 MO Cessna C F I Stl .80 ChmSPI 2.20 ChaseM 2.20 Ches Ohio 4 - 10404 a CnPac , tion 304 1.4 CalHcla 1.20 Catnpb1Sp 1 Can Dry .50 - blow-off- 3414 3314 561, 22 5246 1314 3714 '103 536 1 es 41 43 26 68 20 626 Burroughs 7914 Vs .58 Bondi) 1.40 Beth St' Ws Black D 1.40 BlisEW 1.10 1.20 Boeing Boise Cas .25 Borden 1.28 Borg Wr 2.20 Bost Ed 1.02 Mutual Funds 8414 7946 3114 3314 3414 3214- -- AssoTrans 1 Asseints 1.40 Atchisn 1.60 AtIRich 330 Atlas Corp AvcoCp 1.20 .602 Avneti 1.20 3414-1- 144 SPA 39 Burlind 3834 3314 616 66 5 27 190 58 30 89 29 Bourns Inc Braniff Air BriggS 2.40a Bristol My 1 Br Shoe 2.40 Bruns CO Bucy E 1.60 Budd Co .80 Bulova .109 4214 551,41 B118.1411 er Vs V4 5P, 33vt 1.20 Oil 7314 4 Ba 116 - Ban9OrP .60 Bath Indust Beat Fd 1.6.5 Beckm1 .310 BeischAir 19 BeachN 1.40 Haack, 50 years old, is a pro himself. His entire business career, starting in 1941, has been in the securities industry. Before becoming president of the world's largest stock exchange in September, he was head of the National Association of Securities Dealers, the organization of the markets. As a pro, Haack didn't even bother to protest the problem. On the contrary, he mused "within my term of office the NYSE probably will have to make a decision on how far its responsibilities go. Is its function just to maintain a free, orderly marketplace? Or how far down the trail should we go in defining what is undesirable speculation and in trying to control, it?" The facts are these? self-polici- Sugar-4.661-- ' 3614 2614 127 168 43 568 36 70 - Shortly before 1:15 p.m., the United Press Interna tional stock market indica- tor fell 0.29 per cent with 1,414 issues crossing the tape. There were ,709 declines and 447 advances. 40110-- 114 311s 8214 18 A The above summarizes what is likely to be the most important stock market problem of this era. Bluntly, that problem is speculation by a of institutions and as Robert W. mounting number -Haack, hew president of the New York Stock remarked at a private luncheon last week, "every thoughtful professional in Wall Street must be concerned about it." At 50 He Is Pro ately active trading Monday on the New York Stock profit-takin- g ttfter Exchange wiped out an early 2414114 Noon 1 Wm. 2 p.m. Net chg. Pc). chg. index Exchange a.m. ...117.42 11 omitted wia cept for those designated 4). whiChi 110: traded In 10 share lots and carried ,.111, tli11 Low C111 full. DIVIDENDS: (a) Ova ectral:(b) 2 1 30 30 29 declared or paid $o far this VW. Va 1048 101a 1019 regular rate (C) Payment on actAmItteM, 1534 15 1$14 ,- iated dividends: (d) paid last years (11),1j 12 4216 4114 4141 cash plus stock) (9) annual rate PIPS 3541 15,4 15;1 . 'loci: dividend; (h) capita. distributtelli"-i- ' 2111 2314 23,4 per cent In stock geld last 'Years 32'As TN 3216 14 (0 (01 per cent In stock; (x) 1114 1111 11512, 141 FRACTIONS: (f) Indicates Ji toliowirg 14 ore 69 69 6914 is traction In 32ndst (I) InCcates.r) 251,1 24,4 2514114 following figure Is fraction In isthst, (r) SAVE 541m 5434 Indicates following figure k fractice als 1q 1128thst 66 66 66 Is) indicates followed figure tie 12 7014 6919 6919 3914 3614 3814114 ifrfiftcotnekflre2c5;SitohnSite(;)6tItnsd.ic.tes h)"cminIt CO. & Goodbody COortoqy Intmational Ind reflected a loss of 13 cents In the average share price. Volume slowed a bit to 5,500,000 shares from the 5,670,000 shares ,changing hands in, the same period Friday. Analysts had anticipated a rebound from last week's decline and - were rather surprised fit the selling, especially since the week- Prices declined in moder- advance. 3214 8314 1.90 Stock (UR) 6814-1- 144 308 32 67 242 140 Amer Motor 'doe , 3500 3 Am Airi AO A Brost 1.60 Am Can 2.33 AmCvan 1V4 Am El 1.440 A For P 1.16 A Noma 1.20 A M F .90 YORK ,NEW 3141 3646 114 ems , , OM. 11ootations) (11. Stock Averages es dd United Last Chg. 131, Dow-Jon- GAINS INACTIVE TRADING : this Sales(hds) High Low s 3114 3112 Abet( Cp 1.60 27 3514 3646 Acmeank 2g 71 7014 68,4 Adresso 1,40 Admiri .25b 52 2414 2311 Air Prd .20g 30 4146 40vs AirRedc 114 46 3646 3614 77 3644 3646 Alton Mu 1 13114 A110000 52 134, 306 Ai Lud 2.43 37 6914 6711 228 2 23 110 AllegPr 77 Alkich 1.90g 4212 4146 AlliedSt 1.32 25 391, 38M Allis Chid 1 354 3546,3414 1.03 Alcoa 41 1141, 11414 WIPES OUT PROFIT-TAKIN- G NEW YORK (101)Selected stocks on New York Stock EXCh01196 todair. There is a type of speculator in the stock market today who. has- never been kaown before. He is highly informed. He is a clear professionat He manages a mu- tual fund which places an enor- '''''' - rr. 10 : American Stock Local Interest - , share lots and carried iri full. DIVIDENDS: (a) lain extra; (b) declored et geld so fsr this vest, no regular rate; (c) garsnent on accumulat- ad dividends; (e) (d) paid last veer cash plus stock; (g) annual rote olus stodt dividend; (h) capital distribution ill ror cent In store pa4d last veer; (k) ner cent In stock; (x) (1) FRACTIONS: Indicates following figure Is traction In 32nds. Di - CI Monday, October 16 , 1967. - '' SIUDTATIONS - otpAlitorw,"thoish; troded . By SYLVIA; PORTER, ' . ' , , i , , ppArS.',STQC..,!ciM.A.R;(I-,T(;spsA:Y::,,,.......,- k, - . , DESERET NEWS, W - - - . 1 6110711114712; ,WWWW . MONEY'S-WORT- L11 : ,.. - w V w V W , I t , : V ' ..-- - - . .'-- , - I - - - - ' . .- -.. - 1 D -.- |