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Show 10 Sunday Herald SUNDAY, AUGUNE7, 187 Fairbanks Flood | Week on Wall Street , Market : 4 ° ° ® d | Esti Loss Gains Pace: Selling Decline, Prices Seem" Quotations toFight| Ready Patman (UPD—| By JAMES T. MCCAUSLAND been holding discussions with} Steels joined the retreat de-] The high priced and quic k | FAIRBANKS, Alaska stocks did not escape | The Army Corps of Engineers | Allis for sometime, was making] spite rece nt price hikes apd|moving oficial h as ccokeaaa UPI Financial Writer rther hikes'in the {u-) the selling spree. firmed an al a similar offer. But a spokes-| hints of furthe re Electronics moved mostly estimate~ of $178 ‘million in NEW YORK (UPI) — The/ man for General Dynhiniessaid fure, Republic was the biggest more ith IBM falling substantially:-loser, falling 3."Bethlehem, U.S. a damage from the recent Fair-/stock market's Tecent consolida-|its offer would beAllis et. a bling in this “There is E EDITOR’S NOTE: stock fell| Steel and Youngstown Sheet ae et banks flood. The death toll was|tion phase gave way~te.one Of| jower than that, Fin Sap si see = SALT LAKE STOCK EXCHANGE American who’s bothered peed and Fair : ie Yenith ground. lost also announce-| the after immediately but week this selling fledged full maa one widh -Sour et placed 7 Tum sro does| that but legally; eee ith high interest rates on home or it is done conversely, ment but rallied by the end of] Chemicals showed widespread] rola | For His FiscalPolicies j } by Goodbody and Furnished Company. Member New York Stock Exchange, 43,N. University Ave. in| not-mean -it-is-woven- into the| Svllon Exp has~a pear “Rep. Wright Patman, D-Tex.|fabric of our national being,”’| cers : aniaAea find that (those) mystic. hills| Goiconde boillid & year, cover even such flat states as| God Chain leccgesere: sometimes acts like John Brown) Kansas and Nebraska. Silver “In that sense, Pt we are a|Hern attacking Harper's Ferry. | Indep Coat There is no ridicule intended nation and @ congress of Kennebec in the comparison of the 73 hillbillies, but we have serious| Keystone year-old Texas congressman business nevertheless, and none| mtn States and the 19th century abolitionist of it is more serious than the|New Gert ... =) QS gm a righteous cause./of one state slaughter cows steadyto .25 low| chalked up t hr ee consecutive| administration|Prince Cons ers thathasgrgpk Sotine serecne Stonderd Metals . . . . .not to join them but to fight| Rep, Paul Fino, R-A.Y., who Tite eas et “The way to defeat crooks is| vailed for generations.” them relentlessly, to fight them) has made the sponsorship of his ee without mercy se arter,” he/|national Jotte: for more than a the midst of legislative goal ty told the House in hislatest battle. “‘ . ... The man/tecade, owned upto pinning the| who keeps a stiff back and | hilbilly tag on Patman. stiff moral code can defeat the! And he made clear his opinion a|twesicncon Daned’Bark.City Uleh_h CeWyom er Water Naas Hogs 145; barrows and gilts tape, 1,080 declined, 412 advane- 407,000 shares. @ Motor shares lost ; ground in| oe20 §0 to .75 lower; sows 1.00 lower. |ed and 122 remaified unchanged. Sheep 4,900; slaughter lambs/ There were 117 issues reaching|reaction to the strike threat. | 5S On oe © eyaid: ene ae new 1967 highs, 81 touching new ealee dropped 2 and ‘ord and Chrysler each gave u; lows. alan aloo" |.50 to 1.0 lower; ewes steady to] i vis - Chalmers was the most|more. than 1 American Moors, M194 strong, actively traded issue for the} which has been losing money 20Y 610% 10 ees NEW YORK (UPI) — Invest- third camenutiveweek. Ttft seal, backed the tendand Ys, pic! 36% on ve up 1% at ished spokesman revised downward of 780,900 shares. y’s di-|iits projected output fcfor next) diLast week the company’s figure still was) the but rectors rejected a takeover bid/year by Ling-Temco worth around $45]above output of 1967 models. a share, Rumorscirculated that|The companyalsois i .42¥a/or Groups: Ham Sana| Mutual 11.52 12.52 W Stock 21.59 23.47 | Selective 9.74 10.47 0 1 ay 1.4%) Variable 9.22 10.03 FIF Fund 5.84 6.39 ‘i i forces of evil,” As chairman of|of the way’of life Patman was|pener-mne wna the House Banking and Curren-| defending: “This bill. , .(is)|Sristo! Sliver sou12 ey committee, the rotundithe combined bylaws’ and cated tae 1 Texarkana Democrat has esta- charter of Patman’s. ‘hillbilly) rah 2000-40 dlished hims elf as the country’s|morality club, inc.’ way down Empire Mines 1700-19 Golconda 800-11.75; '100-12.00 severest critic of high interest yonder where the stills make Horn Silver 5000-20 rates and the eastern banking more noise than a boilerroom|Keshmir Olt 100015 iblishment, as personified by andthe bluenoses stagger to the Ken 9000-94; 1200-10 7200-1.00; 1900-1.05; $00-1.10 | Reserve Board Chair-/polls to vote for prohibition.” 7000-20; $000-19 Back Away man William McChesney Marp Patman actually had the re tin, “Funny Money Man” support of a majority of the| tine te Patman’s own critics—and House on the question of Water Wonderland $001.75 some of his friends—frequently barring lottery activities from him as a Populist Don banks and perhaps even on his , charging the symbolic anti-gambling stance, But beof three generations fore he stopped talking, Patman . But calling Patman a had friends and opponents alike be money man” only backing away from him. bolsters. his determination to e problem was that“ the General Dynamics, which has|a new sports car model. Hamilton 5.74 6.28 M G. M. Cc * Shop Our Prices 1 Before You Buy! . : Spanish Fork : 570 North Main Phone 489-5634 or 489-5635 TWO-TONE SCHOOLBAG 99 No doubt you ere planning for your future financial protes> liberal. « Patman's field of Patm: an started on the late tion, Get started right. ee the highly-technical area| John D. Rockefeller, Sr., saying economic theory, monetary |‘ “events have shown that the old and fiscal management, disguise of charity, was prima- Call me today tended to restrict his fame.|rily interested in using his recently had an|foundations to duck taxes and opportunity to demonstrate that|anti-trust law.” he is willing and able to go to With a passing swipe at it on an issue of more “Winthrop Rockefeller, the cuffinterest. The question links cowboy,” Patman moved on to sugest Rockefellerlegalized Patman, a Baptist and teetota- controlled banks would make a Jer, went after it like an good thing out of handling) avenging angel.assigned to walk lottery proceeds and said: ‘‘It is @ beat in Gomorrah. also easy to see why brother) is pushing the lottery like-he_is.” Not Popular sell New York state lottery} This did not go over big tickets, But Patman carried the|among Patman’s colleagues, yea paper battle well beyond the simple| especially on the Republican] PROVO business proposition that bank-|side of the house. ing and gambling do not go well) Patman dropped the subject 373-2506 fis eerieilpesed. Bu * PON TIAC * BUIC K For books, papers hand. tok, sod Buying A New inal g 3 Back-to-School Stationery stand fast for the small farmer, name that automatically infurcorner merchant and factory|iates any old time prairie took, al alone,|his committee . But the position that gambling is|no one imagined that he evil sand ought not to bejregretted a word he spoke, or encouraged by anyone,let alone|that he would hesitate to speak the federal government, his mind in the future. Mfancing 5 and 3, respectively e WOOLWORTH'S NEWLYWEDS smite the vested interests and|governor of New York bears a The ever present American ler; bulls steady; feeder cattle|small gains and still finished Telephone was in third place,| on |fairly activesteady to .50 high-| 1.11 lower at 256.9. easing %s to 51%on turnoverof] er; calves firm. Ofthe 1,614 issues crossing the as ee or _ from compromising the national] foysion’ Coa! CIES Sage Oil fife for nj leves them. Te Dow Jones Industrial Av-|tive, tacking on % to: 41% on cut an earl Me ye & 4 oeul buttressed the rail average, " erage tumbled 2497 to $9407,451500 shares but most of its|omens fon? ya" ™ W OGDEN (UPI) —Weekly Og: falling below the 900 mark! volume came from a single|~ |which many had felt woiild bel sok of 306,000. shares at 40, “ye atin (den livestock: 2 0 Cattle and calves 900, includ-}a major support level during) | af Wed. -@ Jing 50 calves; slaughter steers| any decline. The rail average! which crossed the tape on Wed* \2 ,3, |and heifers steady to 25 lower; |broke @ nine day losing streak, nesday. who was ready to take on the|business before us today—to| Norm Lily whole country in his zeal to| prevent the moral compromises| pi ark yY.cc" Premie advance There lcounted Bs Ogden Livestock thrift and the concept of| Dragon declines, Du Pont tumbled 9, Cameraalso softened: jthe week, Kodak was off 5%. AF) were exceptions and General for Gamlewins el am Sap wee ee General Dynamics fell 3 and| Eastman Burroughs and EG & Ling-Temeo, which said it was} lied Chemical, Union Carbide] miectric, Ceesits oe > : | ‘5 |immeditae area, with| trial Average suffered larg- not : Fairbanks |G Corp. each picked up more contemplating another bi d| and Monsanto also eased, {losses at Nenana, 40 miles west| est week-to-week setback since for Allis, dipped % in fairly *| Oils had losses ranging from}than 2. on the Tanana River, estimated} jast October. Volume was The high priced Gulf, Mobile tive trading. 1% for Texaco- to 6% for Chicago & North Western |slowest forE a full trading week trolKerr a 06 {at $1.7 million. 4 | Mobil oil was second most ac-|McGee. ee He eees itthe eH aeapand since early April. eae Sg adKaw ie in| ciP"o, ‘Co, told his colleagues Patman agree or disagree! : with his youcontroversial fiscal) his soft southwestern twang. Chiet Con Pid Clayton Sliver views, he’s a man who never) " iy’ Coto eaves you in doubt as to what “This is a nation still that| como metsis | Cons Eureka his views are—on anything. prides itself in what one of my|cret ¢; oe opponents has disdainfully|crott oi By ARNOLD-B. SAWISLAK termed ‘hillbilly morality.’ if) eonet Packs WASHINGTON (UPI)—|somethingfor-somethng is bill-|Es"Ytngg Wright. Patman_ Tooks _like!illy morality, I think he will| Eves Bul > sae trading pace, mm [missing i eerayea Wes said changed & hectic to ul 2.29 value 'Vinylcoated.Lunch pocke late, handle, aewanthayred, gingér/tan or red/ black, 2rings or 3 rings VINYL BINDER COMBINATION pent; one price New contour grip 12 ink cartridges famous “One-Fifty” model with contour grip for writi comfort, Contains jumbo i supply. ‘Retractable point. 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