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Show Down tlie S tp and iw Air Taxi Rules Offered Hard Look at Banks Vowed By Rohert H Woody Tribune Business Editor Wisconsin Democrat Henry S Reuss is not about to ask that Budget Director Bert Lance be seourued from the criticized Mr Jacksons view of GAO audit as so much hog wash The American people he said, have a nght to know whats going on In the federal reserve There was more shared perception on the lnappmpriateness of banking working to the interest of insiders or grubstaking fellow bankers takeovers of other banks Rep Reuss was especially critical of banks reaching beyond their service areas e.g. to the copper industry in Zaire, or to real estate investment trusts off the Florida coasts instead of putting their money where it's needed at home with farmers, businessmen, home buyers, etc. Forces Rates Up Rank financing of takeovers of banks, he said, also tends to drive up the banking assets of target bank. That, in turn, forces a hike in interest rates. As for the decline in the stock market: Rep. Reuss charged that erratic monetary policies of the federal reserve had cost the confidence of investors. Gov. Jackson, on the other hand, said monetary restraint or monetary loosening is perceived differently by different investors and that their composite buying and selling actions tend to cancel each other temple." his House Committee Banking and Finance is sure going to look hard at any cozy arrangements between the large money center banks banks, he and community But on promised Friday. It could be, he said, that the grubstaking of community and regional banks by the large in San Francisco, and New York is resulting in the formations of banks Chicago banking which empires no existed. And that, he says, is in violation of the intent of federal laws prohibiting banking across state lines. No One Would Be Left As for Mr. Lance: Rep. Reuss, chairman of the House Committee on Banking and Finance, does not on basis of the Currency Comptroller's investigafind that Lance should be fired. tion one knew face-to-fa- At his By FAA WASHINGTON 'V, -- and Ios Angeles Times Service flooring. d farm, to be built by Global Marine Development, Inc., of Newport Beach, Calif. It will be moored five miles off Laguna Beach, Calif., by next spring. Giant California kelp will be planted on the structure, made up of concrete poles interconnected by plastic or nylon lines. The module will be floated 60 feet below the surface, and a pump will draw nutrients for the kelp from depths of 1,000 feet or more. The project, sponsored by the American Gas Assn, and the U.S. Energy Research and Development Administration, should produce about 12.5 tons of dry kelp per year, says Armond J. Bryce, GEs technical, J director for marine biomass. : That in turn will be dumped into a bacteria-lade- n : processor on shore which literally digests the kelp, much as sludge and garbage are consumed at the Los ! Angeles Hyperion sewage treatment plant. In both cases carbon dioxide and methane are produced, and f the carbon dioxide is then filtered out. LOS ANGELES In the scramble to develop new energy sources, General Electric Co. now says it will pursue development of one of the most unlikely sounding ideas yet : Harvesting of huge kelp farms off the California coast for conversion to methane gas. GE engineers have already designed a to house an experimental one-four- th acre underwater structure PSC Calls Experts The Utah Division of Public Utilities Friday announced it has engaged two outside experts to aid it in the current Mountain Fuel Supply Co. rate increase application. Daniel Bass, head of Impose flight and time limitations similar to those new in effect for the certificated hearing. Both men will investigate and advise the Division regarding the transfer of Mountain Fuel assets to Wexpro Co., a Mountain Fuel and Wexpro. Wexpro has been a central issue in a $26 Douglas Bass, president of Ball Associates, Ltd., also Golden, will file a report to the division and may also testify at the carriers. sub- agreement between engineering department of the Colorado School of Mines, Golden, Colo., and Upgrade the maintenance requirements for the more sophisticated aircraft to make them comparable to those in effect for certificated Fuel Mountain sidiary, and the terms of a proposed exploration the petroleum air carriers. Page ,7 more if you $129,000 mink-covere- Firm to Convert Kelp to Methane duty August 27, 1977 v. vsv4 New Energy Sources aircraft. Saturday Morning, ! in the world at want optional This is the Stutz dltal-ia- , the most expensive car NEW YORK billed as pasof the senger capacity 4' For Your Basic Transportation ' complexity r f 1 Require the pilots of turbojet and multiengine aircraft to have airline transport pilot certificates. They now need only commercial pilot certificates. Permit FAA to review the financial status of air taxi operators annually. Safety Standards Set standards for the safety and other equipment required on air taxi aircraft depending on the akf g fibtuu 'Bnsinrss TV $vNv Among the proposed changes are regulations would Jon- -r v ' , mmMheduled passenger ami cargo service but are not certificated by the Civ il Aeronautics Board. Can Comment Interested parties have until Nov. 28 to comment on the proposed 70 new rules and 61 amendments to existing regulations. The FAA will review the comments and decide which of the rules to put into effect, which to reject and which to modify. 'alt Section C .7 and commercial who offer scheduled and that c 'r ft ' operators Rep. Reuss later press appearance, i (AP) The Federal Aviation Administration on Fnday proposed rules designed to bring safety standards of commuter airlines and ether air taxi operations closer to those of trunk and regional earners. Affected would be approximately 4,000 air taxi Tight Money Policy For example: Some perceive a tight money policy as restraining inflation, thus making the market stock market attractive. Others would view a tight money condition as disadvantageous to the market. Rep. Reuss had a jaundiced view of the $25 billion trade deficit tallied by the US. in June Any pretensions that much of it was a result of U.S. efforts to prop up economies of developing countries is ridiculous, he said, since about $18 billion involved trade with such industrialized countries as Germany and Japan and with the Middle East in oil payments. Dollars Slip Slight Mr. Jackson observed that while the dollar may have slipped sharply against specific currencies e g. the deutschemark, the Swiss franc and the Japanese yen the slippage had only been 2 Vi per cent measured against world trade. The drop, he said, is of some conem, however, since the dollar is the reserve currency of the worlds central banks. The Arabs are particularly worried, he said, since they pay for their imports with dollars. scourged everyone who had led an mi perfect life from the temple, no one would be left in the temple, he said at a press conference Friday. Rep. Reuss was in Utah to attend a Continental Bank & Trust Co. seminar for its correspondent banks. He also attended a fund raiser for Utah Democratic congressman Gunn McKay Friday night. Fed, Governor Visits So. too, in Salt Lake City on an impromptu basis, was Federal Reserve governor Philip C. Jackson Jr., who fielded press questions earlier in the day. Neither knew the other was in town. And white they did not have a meeting, their comments were essentially confrontive when it came to the role of the federal reserve. Mr. Jackson, in town for a look at the operations of the Salt Lake branch of the Federal Reserve Bank of San Francisco, warned against congressional proposals to force a General Accounting Office audit of the leserve operations. Many Audits Already The reserve, he said, already is heavily veneered its own as well as that of an independent by audits auditor. An audit by GAO is tantamount to tampering with the monetary role of the reserve, he said, and alien to the original intent of Congress to have the reserve function independently within government. As for the director of the U.S. budget: Mr Jackson was not ready to blame or exonerate. Thats at issue between the President and comptroller. He said, however, that were the Federal Reserve to find like banking relationships in institutions proposing acquisitions under the Bank Holding Act of 1970, the reserve would disapprove any such mergers particularly where resources of a bank had been employed to the benefit of stockholders. 4 ; v out. If we 1 million MFS rate increase application case before the Public Service Commission. now Technically, we know we can do it, says Wheeler North, a California Institute of Technology marine scientist who is in charge of cultivating the kelp. The only question is economics. The methane, a form of natural gas, will clearly be expensive. GEs Bryce estimates prices for natural gas may have to climb as high as $4 per 1,000 cubic feet to make methane-from-kel- p competitive, but the development program could prove that estimate to be high. - IP N TworoP I 17 28 PuS Col ft 9 17 30v 25 Texaco 7 1 ftto 21 PSE4G to I 168 x34 34 4tV TnECp2.il t 58 23 4 TxEC pt r 14 to 1) 13 Itf 22 17 Rbtoton H TnguH ISM 51 75 28to to Tax lest I fi If 25H RCA Cp I fill 711 4 72tM to 27v RCA cvpf 4 IP TnUtH 1. t 0 2- a- to ? ; J j ; 1 Market! Markets In Brief - - NEW YORK (UPI) Latest metal Engelhard market prices as quoted Friday by the Base price for refining settling and un American Metal Market, authoritative fabricated gold 145 50 up 0,80 per troy NEW YORK (UPI) Markets at a nvtals publication ounce on Friday Aluminum, primary, 99 5 per cent plus Selling price, refining gold 14914 up glance at the dose Stocks Lower in moderate trading 0.82 per troy ounce. pure 50 lb ingots 53 00c ib. Bonds Laver. Antimony, domestic, 99V per cent pure, American Stocks Lower in moderate HANDY AND HARMAN SILVER fob Laredo, Texas, bulk 175 00c Ib U S HarYORK delivered NEW and Hendv Copper, (UPI) electrolytic, London Mixed Stocks 0 6 25c Ib man Friday quoted sliver at per Cotton Mixed Futures Lead, common, U S primary producers ounce, up 8 7 cent from Thurday. Gold Futures Higher. 3) fcic ib , US non primary (secondary) NEW YORK (UPI) Copper futures Wheat was Chicago Grain Futires tower producers 3t 00c lb the dosed acnat points Friday to 2 cents, core off off to Maqnes urn 99 8 oer cent Ingot 99 00c Ib board Sales 2.794 contracts. oafs off 16 to IW; soybeans off Manganese, 99 9 per cent boxed regular COPPER: M to iv. 57 00c Ib to cents to: Merest 2SJM per Cattle Trade Steady; top $40 00. 7 00 nominal Ib Mercury. $115 - - - 545 - - S flak Nickel, electrolytic cathodes, fob. Port Coloorne, Ont, $141 Ib P atinum, soft, 99i fine, producer $162 Od 172 00 Jan dealer 00 approximate - - - Hoard of Trade Sep GRAIN FUTURES tofereattonal By Uwded Fre CHICAGO HOARD OF TRADE Dec per troy ounce PittsSteel, No heavy melt icrap burgh $65 00 per ton (consumer buying Jlv once), Am Met. Mkt. composite scrap Sep B Bid price $62 00 per ton Tin, NY. Am. Met. Mkt. check price Settlement - 553 50c Ib Tin, N Y. 555 50c Ib Am Met Mkt allnver price 0JIb per Tungsten powder 47 per minimum pure $14 Zinc, prime western, U.S. 34 00c cent Ib - LONDON (UPI) Spot cooper wire bars closed the second session on the Metals Exchange Friday 2 pounds tower wth buyers 656 and sellers 659 pounds per metric ton. forward pounds lower with buyers 672 and sailers 673 pounds per ton Sates 4500 tons. Spot copper cathodes to pound lower with buvers 6494 and sellers 4504 pounds oer ton, forward Ito pounds lower with buyers 6634 and sellers 664 pounos per tor Sales 425 tons Spot tin 195 pounds lower with buyers 6250 and sellers 6260 pounds per ton, tor ward 140 pounds lower with buyers 6240 and sellers 6245 pounds per ton Sam 1235 tons toad 4 pounds lower with buyers 314 and sellers 315 pounds per ton, tor ward 34 pounds tower with buyers 3164 Ano sellers 317 pounds per ton. Sales 175 tons Snot zinc 3 pounds higher with buyers and sellers 302 pounds per ton. tor Ard Pounds higher with buyers 308 vV'd sellers 309 pounds per ton. Sties '625 tons Spot silver 0 40 pence tower with buy rr 252 80 and sellers 253 00 pence. 3 months forward 0 70 pence tower with buyers 256 30 and set tors 256 40 pence 7 Sates 118 months forward was unquoted lots. GOLD NEW YORK (UPI) - Foreign and D mestic gold prices Friday LONDON Morning fixing 144 20 unchanged Afternoon fixing 145 00 up 0 80 PAPIS (free market) 148 94 down 003 145 40 up 0 37 FRANKFURT ZURICH 145 125 up 0 75 NEW YORK 15 Handy and Harman 145 35 up W 4 LiioliM'k Warkrto - KANSAS CITY, Llvettodv Mo (UPI) nd pitta 100, barrowi Ha 45 SO, S I! Ha. 45.00 45. SO Son uv iteady to SO omit hlqhw, 100 Ha and heavier (toady to 3S cent. S U 0500 Ha 30 Ha 3000 75, taw rooMly 31 93 500450 Ha 15 to mostly 50, tows Friday Hon, tolly Weedy u U S 3 2IMS5 h. toy 0075. an) haavtar 350 H Ha 35 12 prices on previous and close. PRECIOUS METALS NEW YORK (UPI) - New Yort Silver futures dosed Friday 350 to 399 points higher Sales 7,100 contracts. NY SILVERLAN tray at; canto par trey Oaae HI law Oeea Prey 440 10 4 437 SB Aug 440 30 4 40 441 40 437 Sep SO 44) 44240 441 441 N Od ON 00 005 19 047 70 444 440 50 Dec 451 449 49 40 44019 44 Jen 452 453 40 455 45589 450 MW 4.1 30 457 445 4 440 May 003 7 400 404 444 Jlv 471 4 9 N 473 See 477 19 400 949 Dec B Bid Settlement price on previous end does. ula Sp Sep Dec & 4N 490 Oafs 4a (UPI) CMICJkGO to rtoaed Friday SILVERalCA0O SAM 17 K Od 444 451 454 402 Od 472M Dec Feb 479 4 4 to 44. 4944 455 454 4S4 4 075 7 Otc 35 M 40 443 80 4 453. 9 Ai 4 1 13480 137 IS 40 143 NEW YORK (UPI) - Platinum Mures to points hKPwr Fnday ctoeed Sales 94 contracts. NY PLATINUM: I far Nej Meruai: No Law Cues Prey Open Ha si Od Jen 147 149 Apr 151 m jv Od 15 Of 708 14 89 147 150 IN 4 4 IN 4(8 151 I IS 14 144 386 Hv 79 par SS B ft ISOM Oeen Aun Sep Od 146 ene ) 145 05B 1 145 145 145 Dec Fab 14 Ml 14 14 10B IN IN 14 006 151 Jun 151 152 W6 006 154306 Dec B Bid 150 152 153. 4 1S2 153 a i I 99 147 14 19 4 153 9W 151 154 J55 157 90 06 - 0 46 4to of range Mercantile Pm 144 144 79 146 (0 144 40 147 80 148 30 130 80 153 30 154.00 156 70 S 37 75 S Prw. canto 15 22 S S S 4 S Sft 4 S S4 S cm; yrsM 1. 1, Dairy Market 441 4 OQ 41 41 4 4 ft 4S contracts. 4.26 tarn Intcrmountain Stock Exchange P21 466- - 22 112 7 6 7- 46 246- 6- ft Tito- 941)4 9 ft u 7 157 2 3 17 456 44 J 24 to 228 1711 18 fi ft 4 to to to to 39- 23 25 25 34 to to 2te 23 4 to 04 3- 646- 6- to to to 38 to J- - 61 Foreign Exchange NEW YORK change letters (UPI) rates in Ex dollars. Estlmatad nattna 1271 uaitiacto Kb 47 46 75 46 95 47 45 & ft 47 55 16 47 47 92 47 to 46 66 47 $7 47 12 47 95 45 40 46 406 47 ft 4647 46.98 95 45 20 1 .55 v ados y 102,122J8 4 30 22 214 55 Close 56- -1 UHts. 246 64 118 67 ft 899 Pub Utils Indus 75 am 214.16 213 92 213 17 214 11 Noon 8 1pm 2 ISO 851 00 3 851.44 21177 -- 2 -- 200 pm. Net dtp Pet chg --6 109 109 109 109 109 20 9$ ft 2 86 9 2 5 19 -- 693 31 NEW YORK ( AP) Sales, dosing prices and net chanue of ttie active stocks traded on the New York Stock Exchange Standard NEW YORK Dam Standard ) 4 pm ft In Ampax 1J4 T Ariz PS Ml Bvri7vwr Tto 18 28 22 1466 23to 17to IS Arvtnind Asarco M 3 9 2866 AftrinOI 6 61 29 18 30 ArtLaG 26 23 47 27 38 60 48 18 59 3366 36 33 38 11 1 7 9 J8 I ArmcoS ft ft 19 13 16 Murk 42 IM H 12 5 11 11 72 76 74 pm. 3pm. 95 40 96 SD 9561 Prev ctoae 156 17 327 44 lift 10536 Hewitt P Hot lens 11V I I fi 1 107 13 J4V five 43v Honywf !v HorinjO fvt HowardJ 14t Hvxnana 31V 71 Sft fit 34 ln Rnd 3 MndStt 3 3tt Intercs M K K 37V 30v II 12V 3- to - to to to to to - I3to- ft - ft ft IS I 8 47V 44V 77 v 30v Tv fiv 14) llto lB I I RochG Rcdvwtl 2 30 21 RohmH RoytO 123b Ryd Svt W S SafwSIr SUTf infi X StJMnrl I 11 f StRapt Sandtr Auo Spar 34V M StonNC 9- - to to to Itv 11 StmpPpt J5to - 25 45 fi 41 to to w 23V 17 SKaeoCd M 87b to 9- to 27 1utt43 fv 21 47 74 17 21 53 23 1 c30- - 53- 2- x15 p)7 1- - to to to 53 98 11 75 13ft 5422 105.75 11 to 165 24 - - fi If I fl mtControfD 15 7 Mt SfttComG U2 14 33t 33 M V M Mv 4SV 33v 15v If 2SV 22 Cbx CPC 7 BrO Hitt 3V Crm lita 4 CurtittW CurtluWA 1 CrownZ DtnaCb DayPLt 1 0 D 1 12 II v Mt Dwr M DM 3P If Jtv 23 15v 14V fiv 1.14 45 ptamdlntl 2 12V 47V f 321 fiv DbanW Mnt Dwvwuv DWEdt 40 H 2SV fi TRW la 1 tWTwCFoa V 43- V- 145 32 2f- v- 22 I If 47vUCemp i 45 UnCert 2 2f 42vt 14 TV 4 I fit 11 U fib f MB 17 ttv I UAL Inc UARCO 27V 4 to 3 lfi 471 43. 7 15 Union Corp Un Etoc 1 38 (Mohn 1J 12 ZniaCorp Zavre Corp ZemthR t 177 i ft 122 t 1 l.fi 7 12 7 3V SnwCp SoitCblEd t 2 fi 96 71 96 15 1 fi 1 t 1 I f DrPwwr 5t It 4T 30 DamaM Dow 0)1 47V 23V 135 JTV fH 1 t -- If 14 5vt Entora E ' f 13b f 5 I 3 t If UvttzFn wt 27vL 0 F 2i Mv Llttn cv pt 3 t fiL4hm (I 34 IM )! Mt 13vUUtyS .TtjHI 3V 13 31 11 47 17 21 - I4t 51 fi p30 23 32 40 1 I 21 I1J43v 20v 3 44V 30 7 LTV t4 125 M 31 1 30 24 If If N twytp 1vb 24 t) fi Mf 31 McLann MaadCarp Mnadwt 1 I Nwrct NMwPN 1 IS lfi 71 lfi 7 fib TtrlhrO TtnriiF Mty DS 2tMcGrEI 33 - Tandy Corp 8 t Twracs 3k 2 274 173 5 7 I M 54' 4 If P3B 7 37 13 X373 13 7 25 5 M6 I fiI 7- 1- 3- 9- If 7 14 3 47 tt II Mi 318 558 NEW (UPI) it - Following of bid and on pricM as Fund NASD bv th list tkad Mutual quoted Inc. Prtdev - itiil KiiihIc YORK 1377 M A 24, - Datt Fund Muncp Puriln Satem ThrIR Trend Fin'd 25 ft If- fi55 15 17 - 1- M 4 M ut W 35 353 fi M I f 22vMybrOt M JS 4- 311 fi' 31 31 17 7 3 i Coro Ataev Fd M It15 111 1 Loddmd It - Llttn cv pt 4ufiv- 17 If 144 3 3 13 KH0 7 43 LatrStad 13 t t L M Aid mart .5 Kroger L 27V 2M t - 35 23 It 5 13 o Air 40V 39V4 fit Pv 4V E VI 13 21 37 43 21 I 73 10 DuPavt 2v0uPn (4 DuowL IfV 40v M 14 Ml 1153 11 42V 1HN n 35 17 M 21 33- tf pit M IS S2v Droimr lfv Dukt P - ltt- - 2 fi Mt fit30 v- P52V 21 t 1 DNboM Ditltnan Dtvwy M- 27mf 13' a 4 77 241 p25H 1 33t B 15v 33V lit IB I fit 2 22H itv f US 71 3fv to to to it f CurrtTN l 14V It 2f JTto 57- - llerwllf - 42l ft cc V V- 71 Ro SwttOtl ttv StnvwrO) stnearpt 10 34 22V 3- 53- M 27 IfV r- 1- Traraam M Tranlln 1 32 13 34 I Tram W Air If TrtCon Ifib 3- Mf 9to SFete Pf ft 3to Saxon Indus lfv SCAt CwP I fi 12 It I 7 -- - Textron 1 Thtckot Cp ThdttyC Ttmkn Ifin W 7 27 fv to 55V to Mv to Jfv 3- ft 13 lStoScottPtp H- u66 2- 1 I 30 to 22 42 f W 5 25 v 10 37 Mv i 13 7 7 1 17V 8 3pir23 ft I f J2 I I 3 IS 1 33 12RloGr 51V IS C, 17V fi I Rpy tod 3 Rio Grin 21V 51V M S Brmstak la If W7 N 7 657 43 Rtp 5R Rwlonlnc fi 2f 5 17 S4V Bangor ft Baat Fds ft D 241 BeH Hwt J4 22 13 ft Bmdix Cp 2 7 186 21 Ben Cp 1J0 7 1 27 Z100 BanCPPf 2 47 37 BanC of 4ft ft Beth Steel W 9 16 BtackAO ft 14 537 37 Boeing Co 3 I 475 pSSto 2to BoteeCa 1 18 7 373 25 Uto Borden U6 I pftto25 Borg W 1J0 6 ft 2566 11 25 36 Boat Ed $4 8 Brenfff J8 6 216 18 3866 BOs My 1 18 13 684 13 BrttPef J2b 14 8 12to Brunswfc J8 7 14 18 BuddCp UO 4 6 llto BundyCa 41to Burl Me Uft 6 Tto BuriN pf M BiptbPs IS 11 2266 newxm SOV 22 3tv 43v 20v 70 30 4 JIT 267 AtlRkhftd 2 18 650 Atlas Corp 9 32 Avco Core 3 194 Avnetlnc .ft 6 KM 1 17V 22 34' Gr Trm Utils Fnd Stks 13ft 53.95 11 75 95 69 Indus 186 24 2 19 -- 53 22 11 CplO 2S2 Armtar U5 7 17 ft ItoApaco Care 2666 2 21 35 32 19 S Rttlano 41 1 Si 4T7 17V to 31 lfv 12 -- H .7 2BV Utt 12 2vy Hein, H Hercules to to to to - 15- W Itvs Idaho P 7 334 If Ideal Be 2SV 3SV III Pwr 13S 11 474 INACp3.fi S most ft 4 Tres UtiH Fuel Stks KW.89 13.41 53 5 S3 Hb 10 13 MS IS 13.4J392 Noon a - It Poor's hourly indexes A ft 408 Indus Ut HartSMx HaclaMn 1 107V o- to to Poor's 500 Stock Index & (UPI Jlv 14' 12V 21V Ten (vendin' Stoeks J51S66 26to- 2S IN 7 GtfWs of 40v 2 10 GtWit Gryhd Gulf OH . 9- ft 204 ISM GulfRewr I I IS UtoGttiWN M ) 3t It GulftWt wi 35 20 96 92 92 1JV, 25 Xf IS d 11 17V 15to N Press Internattenal By United 15 Trees. .a STOCK AVERAGES Total 291400, 104 97 91 98)5 Bonds 86- -8 Ms year: -- Fund Grwth 405 443 Mutual Snick Select 303 382 Vr - Inc 4.74 17 34 If SO 3 54 10 21 4 34 432 5 5 47 Pry .lt tnv Reoh IU fireev: Grwth N.L Incom if It HL xl 77 1 13 7.31 1 4184 .2154 1137 8024 4094 .2154 11)7 0024 8U1 3 8)41 3 41 41 34 JW Kuwait (Dinar) Lebanon (Pound) Mexico (Peso) New Zealand (Doiter) Norway (Krone) Pakistan (Rupee) Paraguay (Guarani) Peru (boi) Philippines (Peso) Portugal (Escudo) Saudi Arabia (Rival) Singapore (Doiter) South Africa (Rand) Spain (Peseta A) Peseta B) (Krona) 33 13 33v 597,78a 857414 72 5424,ft)l 92 fi a Otw Sr 3 City Im (tnwEI Ut ' CacaL 3 fiv I 3 ft S 3K 4 h Cat Ft Con NG fi 3v f 1 7 At 423 42 374 If ConFdtm at fit CwwFH 31v W 3 3Sv 37 Jtv 1 St Ml t Corooutr Sd 3ft Comm 471 t M I Go Col Pirtum S CnwEd 3 4 f Cat 37H t'l (tebf Intemai Revenue 34 were Sfi9 i fl 1 1.57 Msispd iinilb Ce: Freem 7 F 141 7 32 1.00 10 54 11 54 73 Fd Drvf F 15 73 7 14 Lv Ivnsi Flwewc'l Dryf LA 3 72 to 41 Drvt f 3 N I. MT 5 53 NL tastl Numb 7 27 N L. Incm Betanc 5p t 27 15 fl N U Tex 4 Bond EB 502 Sr 12 44 NL 04 4 34 Dtvtdn fid Cent 10 M 11.34 7 14 734 S9k Pret Gr Fee 5 43 532 Ewaa Heward: Incom 7 73 1 41 101 I Fd Bam Sr Stark 5 5 37 Grwta 7NNL Fouraq F Garth I I OMtataMn 3 02 3 14 4.14 444 Aim Incma Fd 4 34 4 F 5.75 4 25 Specii 771 Ml 144 1.14 Strk Fd t 24 347 P24 a BW M- - ll Mla v- - 4v 57 25 27 PecGet El 3 I 433 PM- It Pat Lto I 7 IB pit fi PecPatd M I fl IMt- II lfi x21 PacPwr 1 17 Poc T T 1 I 44 PIP M Pin Am Air I 47 fi pemay I 41 M 422 Pit- K Pefx.PL 32 7 84 2 13 V PM 27 ProfiCP O if 41 21 2V 17 Phfio fi V Pheiip Pat 3i 15 27 30 72 25 10 M II 45 4T91U E eftteettant an Aug fi tm tf t 74 74 22 II- 7 1 "Tl12 Quotations from the NASO are representative inter deafer prices as of approximately 1 p m interdealer markka change throughout the day Prices do not inciutu markup, markdown or convriiJon. 77J 7 B C (ur the Counter Aimrtca. New York taxh betenct PiA6ic lv 31 of TtertfvwfN 86 . Bv Mv - eta. 100 856 214 108 2 141 Utilities High I Wlthd wal WASHINGTON (UPI) and Bneoaits in treasury acaxinff tor the ffecai year through Aria 34 (rounded to the nearest rmMwr (testers). YftAft THIS WUMrWte $?9?3B9 Bank Elearin:s Today's clearings $me day last year Waak'sctaarines me week last year 4 144 212 Ms. 91to Switzerland (Franc) Swttrartand Switzerland (3month) Estimated volume No contracts. Taiwan (Doiter) - Closing range of Turkey (Lira) CHICAGO (UPO 4 Ired Broilers futures traded an the Chi- U Arab Em (Dirham) Uruguay (Peoo) ef Trade Friday Venezuela (Bciivv) W Germany (Mark) W Garrrany (lmonth) J3V prkas on previous 76 06 62 51 20 10 10 .. .. IE I IWW lisa 1- it 32v Baba rm (Rial) Iran (Dinar) Israel (Potted) Italy (lira) Japan (Yen) Jordan (Oner) ment NoLllv. JOOatl SoMand. M01 Uvy age gf 17 23 13 53 l .S. TVeasun S5 157 216 118 291 403,700, Fttotoy England England Franca (Franc) Greece (Drachms) Hotter) (Guilder) Garmwry Source Bank Comat. 1.000 at Justtvalm, 1 850 23 214 21 118 (ft 2 17 Ctoae Chg. Law 22- -0 7 21 41 Stks Transactions to stocks used in averages Friday. Industrials 1019,000, Transporta- - ?wn fit. 12 Jones Low Dow averages-Stock- High Utils - (UPI) Opaa Tms 34 W (ALES YORK Irxfc 30 20 15 66 11 t 2- 5 9 Hong Kong (Doiter) India (Rupee) Indonesia (Rupiah) t 43 50 9 NEW dosing range of Acrajch h I mt I ltvyGoodvr 27H Grace 1 !ngiend 4 4N 45 41 86 86 41 42 47 41 88 26 25N 4? - mediums - Doh-Joiic- Chi (Peeo) Estimated voltene- 1M contracts. Came - J tot; cedi per to Colombia (Peso) Denmark (Krene) 41 41 ft 4 18 41 75 Ecuador (Sucre) 41 4 118 41 4 Egvpf (Pound) 41 M Grain total ft 6466 27 Am TAT 6 AmTlT of V Am 6- 246- 614 103 756 21 7 9 18 23 AEIPwr20 9 A Home 24 ft 16 22 AmHoip ft 13 366 Am Motors 70 7 2566 AmSnd 40 66 Argentina (Peso) Australia (Dollar) Austria (Schilling) Mature (Franc core ) Bmguffit (Franc ftoc'l) Brazil (cruzetre) Canada (Dollar) 37 75 37 754 37 ft J7 30 37 37 37 37 67 18 )7 68 52A 27 to 159 Nay at nilNt Lew Cteto Hhto 14 IS S U3tt Eathenue Friday Owe High Law Ctoea - 4M Baai Caitto YORK (UPI) - Geld tutwne points hiphar across Friday Setae 213 contracts. tnerd Ita OOLD- HO IS IS 136 137 Uw Bid NEW ctoeed Carnap- 4 2566 32 11 5 36 1N B HY toes; $ ppt toe 137 M 4 1JB Ito 147 14 14 May 147 14 14 Jlv 14 151 IS 00 Aug 1ft CHICAGO (UPI) - Closing futures traded on the Chicago 154 1576 150.506 159 406 Jen 1 IN 155 154 154 30 147 131 137 3466 23 16 233 7 9 4 May Jlv 444 409 475 0 44 472 4 4 9 9 4 4 M W44M 4 Dec Feb Apr Jun Aug 18ft Atoartsn JO 23vi AkmAI 1 11 IS'-AltogCp JOa 276 tfto Aito Pw 38 S1H AJUJQi 1J0 24 18 18 AtiwdSt ON 23 Allis Ch 1)8 1 59 44 Alcoa ft 24 AmatgSug 2 A Hss o 3 66 1466 9 Am Airlines ABrvd 344 4)to 17 ton Can 2J0 22 A Can of 24 2966 25 AmCyan 27 2366 ADtftTef 96 e, 4 61660 StoAMnaLM 21 Air Prd JOg to ill 6 AfeertoC M 13 15 2S 28V) Silver futures May Jfy points ludwr. Aug canto per trey fayto Sep Od Lew Ctoae NM17BNW 44 sales in hundreds (00) omitted except for those designated (z) which are traded m 10 share lots and carried In full DIVIDENDS are annual unless otherwise identified (a) plus extra, b) paid last year, (c) payment on accumulated dividends, (d) declared or paid so far this year, no regular rate, (e) cash plus stock, (g) annual rate plus stock dividend, (h) paid this year atest dividend omitted; (I) percent in stock, (k) percent m stock paid last year, (q) in bankruptcy s) receivership or reorganization, capital distribution, (x) exdividend, (wi) when issued, (wf) warrants FRACTIONS (f) indicates following figure is fraction in 32nds, (i) Indicates following ftgur is fraction m 64ths, (r) following figure is fraction m 234th$, (s) following figure Is fraction in 128tha, (t) indicates following figure is fraction in laths Lower case tetters appearing in front of the closing price indicates that price was on another stock (b) Boston Stock Exexchange change, (c) Cincinnati, di Detroit, (u) Midwest, (p) Pacific; (g) NASmarket DAQ. the over reported bv the National Association f Securities Dealers, k) Instinet. the bfock trading system used bv institutions tv. hg Sts. Cfs. Che. Hi. Lw. $tk All 36 J5'y to - Hton At New York Stock Exchange: Filial Quotations A A 410 Im Sep Seo Dec 440.40 Mondav'i advances Cattle 500, Ison 24M), iheep III Frl Llverlork JOLIFT, (UPI) IniuHicient to et day Cattly ISO, tofilisti market, tow mote dean 40 00 40 SO, steady, utility com Z3 0024 to CHICAGO (UPI) - Wheet, corn, oats no Hand and soybeans were km m at the dose FnHon 1.800 trad, fair, borrow, and day on the Chicago Board of Trade 200-9'IH 25 to 50 cants tower. No core off WhMt was off I to 2 JO lbs Ita 1 to unchanged, oats off to 4(004025 No and 45 5040 00 off to to gnbaans Cattle Monday i estimated recetptr wm fimWtv toehtrc$ and (kill I ton 1,500 4.000, without (rob taws to mwSMts it tt satsion wrm narSoybaam an mild, row daclmat thanks to lTTER AND tOOi by speculators naar (ha and CHICAGO (UPI) Butter market FrL ytayto Prices paid delivery to Chtcaoo w Corn aeim was untor soma hadptrw ctumnd 93 icore 100 71 , 92 ecore 100 71 Fops Prices paid to delivery Arm WW (Melinas wart attrlbutod to Prkas to retallere (erade A, In carton onr sallra torn 5941 delivered) Extra Tha outsxw marKats ware towar. m Jlv Cam 50, 00-- Sep Dec 1 ft, A Leedr Emgre 4fh Em Out fnc 7 7M (z) 44 16 47 17 34 i lift Uft Pket Fd Grwth Pnt IS 1431 fivfi NL t 15 7.73 23 S Pat Inc fi D 2 ptuv,l PftfOry Prowv I PPGInd I M B Pfiarald Pno S 1 M I 2 11 If SIP 23 Ml xil U4 If 3- h6 3to 102 e- s 9 to 166 Bv AAEF1 Beuerly 10 6 Errt Brnren ) CeHtetan In 11 6 18 7 8 6 17 K ft 9 Owmw ft 7 0yMn JM ft 8 J4 18 DwyMuct DWiprtac 86 - to Itt- o- to 8- 3 Greta 16 SH 47 II iJ47 x2f 7 Jfi B 15 1 13 u- f it) 9 II Aiiiericmi Stmk Exchange fi A 6 Fed Rreour IB Fhmg Uwm 7 1 n 18- 8 6 5 a - 8 9 66 to J FftadtaA ft StaGrtfCeft ft ft II 16 ft 31 fktakyOl EM fttolm - to 7 ft ft 7 l IB to 4 fir 1 NLiV CpwH ftto FtctaW ft 9 18lto 16 ttmdm Ex Inc 14 11 17 SundOli Syntax 8 ft ft tt- - ft IAB 6 0 8 18 - 14 6 1f 68UMta 16 - to W . 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