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Show t ayny yV jrnigp i I i p and Down the Street IRS Official Explains if a Vdl! unsure ot Phase 3 came Jan. 10. 1973. All controls on residential rents were lifted became voluntary, but Wage control subject to review of the new division wbhin the Cost of Living Council. The division replaced the former wage ar.d price boards. Dining all of the phases, prices to the farmers remained without controls. But for exprices alter the "first sale" ample by farmer to cooperative or to wholesaler were controlled. vhat all the Phases meant? pay-pric- We asked Karl Nash of Revenue Service to thenis recapitulate ir torus the With Division Audit the Internal vV f : ; J . of Utah IRS office since 1949, he little dreamed until November, 1971 that he would stabilization. officer for the Utah offiee lvX'-VVi- '' p l Mr. Voodv Since then he has immersed himself in the receipt and intepretation of the regulatory battle launched against inila-tiowith President Nison's Phase 1 declaration war. Nov. 14. 197 1. announced Phase It was an absolute Aug. freeze on wages and prices for 90 days. Pass On Costs President on 15. Second Section e Nicn 1 Phase 1 came into being Nov. 14. 1971. allowed the retailers to "pass through certain cost increases to customers by mark up. It established a st. ndard of 5.5 percent as the allowable yearly wage increase, although it did allow certain previously negotiated union contracts to be effective at higher increases subject to challenge of the new Pay Board. It Newhouse News - Livestock Markets - NORTH SALT LAKE Producers Livestock Auction for Monday; cattle salable, 900 head, byl. of the run consistent of cows which sold from 35.00 ond tower; not enough slaughter or heifers for market test; bulls 1.00 lower; feeder steers and heifers not attractive 0 with lower week, previous except Holstein feed steer, which sold to 1.00 lower. Slougnter catte, utility ond commeri-co- l ; cows, Conner ond cutters, bulls 0 Feeder cattle, lb feeder steer. ; ; 0 lb, good 10, to, good 47 Holstein lb, feeder steers, 54 25 56.25; fb, to good Holstein steers, to choice. lb standard feeder good heifers, . KANSAS CITY (UPMJSOA)-Llvest- ock steers Monday: Cottle 1,500. Slaughter and hetfers slow compared to early last week, t.OO to 3.00 lower; customer-killer- s proctlooMy out of the market and froding now reverting to conventional packer buying. Slaughter cows stow, compared wth last week's shorpiy lower close. 50 cents to 1.00 lower. Slaughter bulls overoglng steodv. Feeders scorce. Mostly . lb. slaughter steers 52.00-S3choice 00; 00; good ond low choice 50 fb. choice mostly slaughter ; heifers package hioh choice yearlings 53 00; goad ond low choice 75-- 73.85 71.75 74 00 72.25 73.00 71.50 71.50 69.75 and close. OIL closed down limit Ask. 2 p.m. foreign (UPI) exchange rates In dollars. Monday Friday Canada Free Dollar .9960 .9960 2.4840 2.4643 Englond Spot Pound 30 Day Futures Pound 2.4750 2.4563 90 Day Futures Pound 2.4S80 2.4378 A Ask; 6-Australia Dollar 1.4700 1.4200 New Zeoiond Dollar 1.3725 1.3725 CHICAGO (UPI) 1 4950 Soutn Afnco Rond 1.4950 Ooen High .0273 .0264 Belgium Franc ICED BROILERS: Denmark Krone .1755 .T720 Seo ond Nov closed France fronc Com .2363 .2312 Aug 59.00 59.10 France Franc Fm .2350 .2275 Seo 57.50 58.00 Holland Guilder .3775 .3685 Nov 52 50 53.00 .0017 .0017 Jon Italy Lira (Com) 50.00 SOSO .0016 .0016 itoiy Lira (Fm) Norwov Krone .1820 .1785 soles in hundreds (Ml omitted (z) which except for those deslgnoted are traded in 10 share lots and carred m full. DIVIDENDS: arc onr.uol unless otherwise identified: (a) otus extra; (b) paid last yeor; (c) payment on accumulated dividends; (dt declared or ooid so far this year, no regular rate; (e) cosh plus stock; (g) onnuol rote plus stock dividend; (h) paid this year lit percent in latest dividend omitted; stock; (k) percent in stock poid last yeor: (a) ..1 bonkrupicv - receivership or reooonization; (s) cooitol distribution; (wi) when issued ( t) (x) exdividend; warrants. FRACTIONS: fohowiro t) indicates figure is Iroction in 32nds; (i) indicates following t gure is traction in 64tns; (M following t.gure is traction in 256hs; (r.) following figure is traction in 12Sths; (t) indicates following figure is fraction in Intermountain Stock Exchange Mondov's quototions Bristol BuilMon CnyLnds ChiefCons Ctavlon CombMet Comet Comstock ConsEur Creicenf Croft Crown Oregon 0 04 50 262.70 600. 262.67 262.83 1.15 -- 0 '3 15 65 Utils Stck 95 94 45 95.99 03 95.16 (AP) NEW YORK (UPM SALES 7c. ComOM.I, tWOot J :C. EosiUtoh, ImticMin, 2.000 ol 60c. 1.000OI Uc. ... Go Classified Am Con 2.20 AmCyon l i ADistiel .43 AmElec 1.90 Am Export A FlnSy 1.10 AmHom .64 AmHosp .28 AMetCx 1? Amer Motor AmNGs 2.40 A Smelt 1.20 Am Stnd .50 8 9 23 9 9 36 42 11 5 7 7 8 10 .. .. 8 9 47 133 253 14 16 280 42 t 76 93 3S'b 496 175 140 117 387 46 55-5 9 343 n47 6 ?i I 23 27 .28 .60 LOF 4 4 Levit; Furn L'bbvO 2.20 24 24-- 1Si 41 43 35 6 30' 19' if 47' s 8 48 3 : 15- - 41 43- - - 35 7 30' 19' j 5 9 1 R - Macy Mad Fd .5Sb Mod Sauore Mognov .00 Mar Oil 1.60 .90 Marcor MorMid 1.80 24 MarshF IS MartMr Voy DS 1.60 VaverOs 65 MrCrov 1.20 McDonid Cp McGrEd V. 10 11 6 7 8 ?1 DisneyW DrPeoor DomeMn 21 DowChcm Dresser 1 0 14 Duke p 1.40 10 Pont ? .b 16 DuPn pf 4' ? 4- 8 8 8 1.72 DuQncL 4 6 S6 Sot In 4 47 19 46 21 04 8 91 7.53 6 37 24 0C Pai'mtP .50 FMC CO .85 C S U 33 10 39 28- AIT - NAT 3.43 Cent ShS 13.08 14.30 CHANN1NG FUNDS 10 72 11.17 Baincd 5 09 5.S6 6 61 7 27 Incom 1.74 1.90 ?oed Grth BOSTON: Fnd Bos 8 13 8 89 commonwlth TRUST: A & B 107 I IS DREYFUS GRP Orvf Fd 10 24 11 22 Egtv Fd 3 72 3 9 Jryf Lv 14.38 15) 7.23 7.92 So Incm EATON A HOWARD: 9 28 10 Boln Fd 5 85 6 39 (Acme Speed F 0 89 7.53 Stck Fd 12.36 13.51 FIDELITY GROUP 11.24 12.31 Captol 6 05 Dest 15.01 16 40 Fund 1 83 9.70 Purdn Salem F 3.94 4 3' 23.22 25.38 Trend FINANCIAL PROGRAMS: Fin Dvn 4.07 4 O' 4 1 4.23 WOOL Fm Ind FUTURES fuWool NEW YORK (UPI) Fm Inc 5.v- 5.39 Grease 10 to 75 points tures higher on GROUP SEC: 5.46 5.97 the New "rk Cotton Exchange Mordoy, Aoex F Certificated soot wool 2S5.0 Nominal. Gth FAm 4 19 4.58 Low Close Prev. Grth Ind 19.81 19 i High 22 17 27.17 Grease Wool: Guord GRP: HAMILTON 7 24 6 Grwth INVEST GROUP: 9 27 M7 Select 8 60 Vor Pov X1! AwA 4 Markets 3.75 Pref Stk 5 66 6 40 4 59 5.0? BULLOCK Incom FUNDS: 6.31 6 97 S4ock Sr Bull Fd 12 52 13.71 0 42 7.02 Grwth Cdn Fd 21.64 23.7C OPPENHM FD: 3.53 3.87 Oo Aim D v Shr 997 1090 chase Wool 86 11 5 05 2.05 Motes lv '2 SEC FDS: 8.52 9 31 Bolanc Bond Sr 4 74 5.18 Over the Counter bore 10 Op Fnd 7 00 7 65 6 78 7.41 Op Tme Prod SIP 10 09 11.02 PUTNAM FUNDS: 10 40 11 37 Conver 8 60 9 40 Eoudv 14 80 16 17 Geo 10 84 11.55 Grwth 7.77 8 49 Inc 9 55 10 44 Inv Vista F 10 1611.10 STEIN ROE FDS: 20.26 20 26 0o:onc 10.15 10.15 Capdl 14 42 14 42 Stock UNION SERVICE GROUP: BrdS lv 13.1014 3? FUNDS: UNITED 6 89 7 55 Accum .50 10.41 Cant gw Cont Inc 9.47 10.38 13 01 14 26 Incom 6 6S 7.29 Scienc 7 30 666 Vongd USAA CO 10 70 10 70 CO Gom Sk Gonnet 4 1 ' .25 Cp .86 1.40 0k Jim. -- M, i dm Ml flL. Inc 18 11 9 11 1.72 6 Teoco 46 14- - 20 ThnftD ,u7 a - 'a - 20- S's 5 19 a 27 ? 14' a 20 -:14' 42 43 a 80 2? 41? 12 8 238 31 02 11- 40'a 40-- - ' 11 23 0s 6i:t-- r? 5"t 96 125 5 9 il 160 21 4 18 ?n 50' a 49' 'a 7' 2 V l 13 44'; 44 a 20 H3 21 391 16'- - 16; 29-- 23'? 24 34'a 21 16 10 - 33'15:- b 10' 46-- s 23 78 28 U 49' 20' - - - 16 46' IS-- 2892 93-- 4' 76 '- -! 4730 64a I 107 04' ? 78 j 4 4 107:-- 3'3 418 41? ; 32 36 46 40 71 13a a 27 36 46' - 19' 56 - 220 18'- :- 18 a e '4 - 13'? 13 220 1376 ... a - 39-- 4 220 - .. j 32 27' 36f 46 a 9 ? 10: IS 36' a 33:j 28 33' 27 'a 's ... if 16 - 45-- a ? v'a, 4 17 : 44'8-- ? 16 2 3 - ;a. 53 ?!':- - j 94-- 47' 65 h -- 95 - 1S:- ' fT 5 14'- b- 0J 96 60 S 23'; 7 386 b V - -- - 8 34 34 2 4 18 - 13- a 150 2020 43 26' a 25'? 291295 29' 107 29 38' a xS3 ?4?e 24's 8 8 - 20; S 23 i - 29 38'- 24': - 10n. 102. 36 103 23 77 27's 27-- 272 51 25 24' 6S 19? 18' 24- 5- '8 18- b- a 12" s 7 33 - 33: 44"a 11;8 43t n 2? 6 8 l.Sfii TroneCo .9 1? rnsom .55 8 Timkn - - a 9 4 23 j 46a Uu- 9J- 26 43 - 13 0 a 18 15" 9 9 a 156 79 155 110 TexETr 1.53 11 TxGosT 1.64 7 Tcxtnstr .56 26 Tx PLT .54b 15 TexUtil 1.04 U TexsguH .60 13 .96 8 Tevron Thicket .50 7 16 5 55 V a 22' 3 ?78 !;S 1.40 67 "ondy Corp Te'edvm. 3i Teneco 126 Tesoro Pet 235s a 9 47 T 364 6 53 18 9 7 Sup Oil j 38"b 38' "3! 0 20 60 SunOilpf 2 - . Sunshine Mi 44 18 71 81 7 0 Vanoorom VontPr 1.40 10 VorrsK .4ub 6 Motorola .50 21 t Fuel 1.9? 21 :Tel :6 9 rpCo 1.20 8 tOm MCb .. 7 26 U ; 7 1 12- a 7 6 Nabisco 2.30 12 NatCasl. .40 . Nt CtyL 90 6 NotO'ltit .90 9 Noti Gen .50 4 Nt Gvo 05 7 NatSteel 2 ? 8 Natomas .25 5i Nev Pw 1.35 8 NEngEI 1.68 9 16 10 7 7 Nmnt .. 6 6 1.04 14 N.ogMo 1.14 NL Indust 9 8 Norfolk W$ N Am Phil 5 7 7 NoCntGs .00 Nwst ind .65 9 4 Occd Petri 28 19 OccioPt pf 4 OecPtpf 3 60 .. OecPtpf 2.16 .. OodenCp .60 7 Oh;0 Ed 1.60 10 OkloGE 1.32 13 OkioNG 1.32 9 OtmCorp .88 8 Or Rckl 1.20 11 Otis El Co 2 OutodM 1.20 QwenCF .81 10 8 14 PacGos 1 78 8 Poe Ltg 1.68 9 PocPetrt .60 19 PocPwr 1 60 14 Pc T8T 1.0 1C Pc T8T pf 6 .. pan Am At 90 7 Ponhdt Penn Centr Penney 1.12 25 PennPL 1.61 8 Penn?ol .80 10 PeooGs 2.24 7 Peos.Co 1.20 25 Pet Inc 1.35 8 .64 2? Pfizer Pheip D 2.20 10 Ph.laEI 1 64 10 PhilipM 1.30 24 Ph.lPet 1.30 25 I? 12 8 47 U 16 10 22 46 9 PiMsbry 1.52 11 Pitney B .68 11 Polaroid .32 87 PPGInd 1.70 7 7 IS 21 7 4 9 .26 13 16 .70 9 VALUE LINE FDS: 4. IS 455 Vol Inc Vat Spc 3.10 3.40 Idaho P 1.86 VANCE tdeol&os .80 SANDERS: iHCenln 1.72 691 75 III Pwr 2 ?0 ln,et 7 55 8 25 VS Cor lmpriol Co 7.02 7 67 INACo 2.0o Soecl O l Vixng Or 5 28 5 28 Ineico WctiSt gr 7.4S 8K Ing Rnd 7.16 Wash Mu 1C 54 11.52 inland Stl 2 WELLINGTON mspCjpp 2 fnterco 1.28 GROUP: 23 21.85 IBM Co 4 43 Expor 7.15 intHorv 1.40 Tchntv II 54 12 01 InMinCh .52 Trust 11 54 12 01 inti Weljiv Mining 10 64 11 61 irtl Nickel Welltn 7 15 7 Int Pco Wmdsr ;fl 3 62 4H nt TAT jO West Ird A5 5 30 241 2 6 2 1.72 10 Go PuC .60g 13 Gerber 1.35 II Getty 1.21b 23 Gillette 1 50 20 I 6 Goodrich Groce W V ? 9 Grand U 80 I Croat W V t 1 Ot West Un Greyhd 1.04 9 Gulf V; Gutf&Ws wS 1.40 1.28 9 9 1S4 60 132 GTE Honywl Hoover foritom HouseFn HousLP HewordJ Howmet 13 4 54 19j 5 Gen Mills 1 19 GnMot 2 90b 7 GenMot pf 5 GPubU 1.60 8 Gen Retract 20 On Steel Ind Electa tans .30 G i V 4I5:-- 9 xVO 2.60 13 2.70 20 1.90 10 .00 26 StewWn 1.85 9 StudeW 1.32 5 Sun Oil Co 1 11 133 9 1.40 10 Gn Host Co 8 Gen tnstr 2k 15 Hoff Hoi 8 .05b 39 1.56 8 1 34 9 2.16 8 1 72 5 SdOind StdOh'0 Sfautter SteriDrg 61 5 Mo POC A 5 MobilOl 2.30 30 Voh&LO Gen Dvnom 6 Gn Elec 1.40 20 HomPao .00 Horrislntp 1 MortSMx .88 HecloMn 2k Hemi H 1.08 Hercules .80 Hershy 1.10 Heubiein .9? Hewitt P .20 Hilton tttl 1 7 10 7 2.40 1? .86 9 0h 9 StdO'lCo'3 7 .. 35 6 3.86 Corp 5 10 8 11 9 9 7 60o SouthCo SoPacif Rail Southd .?4g 12 SowstPS 82 11 SperryNgt I 5 So Rand .66 17 sorogue Et 13 Sauore D lo 19 Sauibo 1.56 28 St Brnd 1. 73 14 So 7 Foroh Mtg 6 Fed Pooer Ferro Co .90 11 Fireston .86 7 FtoPwL 1 16 1? GAC GAF SonyCo SCoEd 9 11 16 37 IS . $gnolCopf SmaerC 2 40 10 SkoygCo .40 15 MmnPL 1.46 4 90 SAYLES: Cao Dv LORD ABB: 6 29 6.81 Ath'at MAGNA FUNDS: 3.88 4.24 Monhtn MASS CO: 7. 46 8.18 Freem 7 79 8 54 ndp F Voss F 11.08 12.14 MASS FNCL: 10 7 6 FoodFr ."Cg .. FordM 3.20o 5 12.14 For Mck .89 7 1.37 FreptMn .80 21 4 49 Fruehuf 1.70 7 ' 3.53 S'crroPc 7 6 McLean .60 92 cod Cp .60 9 8 39 Merck M Faberge .40 Fatrch Com Foifind .15b 1 HI .48 M.cGr 9 111 EascoC ?8b Eastern Air Est Ko 1 08a ElPosoNG Eltro Cp 1": Envirotech ESBInc 1.40 Esmprk .75 Ethy'of 2.40 ExCellO .90 3b Exxon H '' 12'a 603-- - tJ 44 21 SFeln of .50 SoFelnti .30 23 Soron Indus 4 ScottPop .56 10 60o 24 Sears 6 40g .12 50 .24 SS lo 20 -55 25-- - 20 1? 1.4S Diom Shm 12- 24 7 12 2l'4f.V - 66x 72'-P- 76 7 Sofewv 1.40 9 StRegis 1.60 11 Sonder As0 13 Song Ete .60 7 Libby Me W 46 L'og My 2'j 10 Litton 2'J 7 5 Lockheed Lone S Ind 1 7 Lvc Ygtn OonoCo 1 36 Dort in .3Gg 1.14 Doyco DavPLt 1.64 Deere 1.40o Del Mot 1.10 Dennisn .80 Detd5 -13' 13 47 55' pf 13 41 67 31 29 - 7 68 LehPtC 96 8 9 Rovo'CC .58 17 RovlD 1.03b 12 1.77 11 .20 34 1.30 16 .;i 21'4 38' s 38": 134 69 57 6 101 19 28 20 48 7 24k 7 8 .. a 214 38' 69 17 163 18 7 13 29 - - Treasury 8 Kooper Lon StG I 46 LTV Corp Lucky St LukeoStl .80 LOOMIS 8 most Stondord 6 Poor's hourly indexes for Mondov. ApOllO CHICAGO was Wheot (UPI) substantially higher ond com, oats ond soybeans substantially lower at the dose Mondov on the Chicogo Boord of Trode. Wheat vwjs up 14 to 20 cents; corn oft 3 to ; oats off 3? to 6; and sovbeons off 40 to 35. Lack of selling Interest and continued wor:. demand limit heovy brought odvonces In oil but the July contract In wheat. Com an declined prices heavy commercial selling. to Soybeans declines were attributed in oil ond some profit toking weakness ahead of Tuesday's croo report. Oats were featureless. Outside markets were mostly higher. 10 2V- - 15 I RoonSt .S'b Robshow 90 Rockwil 1 c0 Rohr Ind 80 1.48 9 KavserR .60 5 Kencott 1 40 9 Kerr Me .60 27 Kim Cl 1.40 13 K L M Air! . Standard & Poor's Closing 500 Stock Index Poiors - x103 114 KoiserAt .50 14 Ko.serCt .0 6 KC So ind 2 7 KonNeb 1.12 i0 Ten Leading Stocks YORK KEYSTONE: 18 60 Cust B Cust B2 19.20 Mutual Cust B4 8 13 ces an 6 87 Funds os auoted. by Cust K tne NASO Inc. Cust K2 5.8? Cust SI 21 90 Cust S? 11 08 Cust S3 7.63 Cust S4 4 10 firm, LAKE CITY Eggs two cents higher on mediums; prices to retailers, delivered to stores, m cortons. coses exchanged; Grade AA extro lorge Grade AA large 81 86; Grade AA t'edium 79 84; Grade AA smoll 42 67. Grade AA lorge Trices to producers: Grade Grode AA medium AA smoll rindless block 81 2; Cheese sandwich loot 84; mild longhorn 89. 93 score 91V?, 92 score 91. Butter ) Eos. market CHICAGO Monday: Prices pod delivered to Chicaoo unsettled: Prices to retollers (orade A. In cartons Extra large delivered): lorge 74 76; mediums .50 40 ' 0.04 97 21- 73 39 12 24J 271 23 20 6 Rev Ind 2.69 9 Rey Mel .40 34 RioGr In .60 5 R oGr Of .80 .86 13 RcdI-V- KonPtt FolNew York lowing Is o list of bn) ond osked pri- U.S. 66 JonLogn .80 9 Jones L U5 7 6 8 Jostens Joy.V'g 1.40 20 NEW YORK (UPI) Dow Jones cios mg range of averoocs: Close Chg Stocks Open High Low JO inas fc1.61 875 08 862 73 x867.404 44 ?0 Trns 155 33 156 41 153.20 154 97j 17 a 71 41 R JohnMv 1.20 John0jn . 97 -- 1 !7k 17- :- '8 53 45 12 Roiston .75 18 Rovthon .70 9 RCA Coro 1 11 Ret Elec .70 9 Rcoubhc Cd 12 .60 C 1.80 26 PuS Cel 1.20 8 PoE&G 1.72 9 Putlmonln 2 12 PurexCp .84 8 Purolotr .68 15 ShCMOil Cp Ampex Amstcr 1.70 Anacon .37b 4k Oil Apco ApecoCp .16 ArmcoS 1.20 Livestock Futures: Low Close Prev. Arms Ck .84 AshlOil 1.30 down the limit Ask. Assoc Trons At Richfld 2 56 50 56 50 59.00 S4.5S S4.55A 56.558 Atlas Corp 49 6 7 49.67A 51.6'B AvCO Corp 47.25 47.40 49.0GB Avnettnc .30 Grain M--- --0 0 57 .89 I 44 Pet. chg. 95.25 95 32 95.16 ProciG 15 JooFd 1.74b JeffPitot .5? LearS-e- - CoioCfrfts 6VU. 12 867.40 154 48 154 5? 154 48 -0- Jontren Kroucr 2.80 AmTiT pf 4 Am T0rT Wt Ametek .70 AMF In 1.08 Dairy Market .. 154.79 Mutual Fund s SALT Go First Cabin 155.02 154 6 7 .1320 .0024 .2025 .0037 .1025 .1490, Produce Market Bank Clearings el 870.11 868.90 866 95 866 SO Noon p m. 2 p.m. 3 p Ml. Close Net chg. Low 95.22 263.57 Transactions in stocks used in overages 95 35 263.27 Monday: Industrials 897.400; Tronsporto 95 09 262.83 tion 264.700; Utilities 169, 5u0; Total 1,351,- Kreqe l.'l WASHINGTON Wfthdrowols Cari (UP!) .74b 11 16's 165 ond deposits in Treasury accounts for ConPac the current fiscal yeor through Aug. 15 to 0 yeor 000. compared THIS YEAR Withdrawals $42.299, 768,011. 58 31,695 ,421, 745 24 Deposits Monday's quotations Cosh bnlonce 4,046,716.754 91 Public debt Quotations from the NASD are rep45756,868,197.28 LAST YEAR resentative Interdealer prices os U Withdrawals 836,485,912,949.32 4 approximately Interdeoler pm. 24, 974, 773,8o8. 27 Deposits markets chonge throughout the dov. Cash 5,430.514,061.09 do not knees include markmarkup, CHICAGO oc Public Monde Produce 434,798.950.202.91 . Mondov's quotations down or commission. Cheese five lb. processed loaf 76':-8internal Rvenue collections on Aug. 15 00 $116,912,683 muenster TTVM'- -. Cheddar tngle daisies were $617.24,714.30. Friday's Bank Debits SECURITIES $32,167,390.00 81 3 lb bocks 88; longhorns fl:-8Some Dor Lost Yeor $78,917,589.75 Swiss blocks lb. grade A Today's Clearings $63,537,222.50 2; grade B Some Oay Lost Year 1.000 o.m. 11 Averages KroltCO .0150 3.33 .0725 Cash Crain "Workers Action Movement successfulclosed two Chrysler plants in Detroit, looked like Fraser would lead negotiations at the target company. There are several reasons to think Chrysler would be the ideal target this year. It's in sound financial shape. II hasn't been the lone strike target since HIM when a settlement was reached without a walkout and it would be the cheapest for the union since Chrysler has fewer workers. The economic factors are easiest to get at GM. They're the wealthiest," says Bluestone. , ly it build bikeways and nnre people are going to use bikes to commute, to shop and to go to school," contends Burke. Soles, closing prices and net change of the octive stocks traded on the New York Liock Exchange Mondov. 257 JOLIET, Ml. (UPD Livestock Monday: Cattle 3,900; trode moderately octive. Steers steody; heifers 1.00 lower; high steers choice and prime CHICAGO (UPD Cosh groin: 2.25-5choice 53 good and choice Wheot up 3; No. 2 sott red S.lV-aNchoice and prime heifers 00; high . Corn up 5; No. 2 yellow choice Oats uo 1; No. 2 extra heavy white Hogs 700; trode octive. Borrows ond 1.30 N. lb. gilts fully 200 higher; No. Barley unchanged; malting 200-2- . 25N; lb. No. 55 feed S01.80N. 00. lb. 54.00-5No. Sovbeons off 1.00: No. 1 yellow 8.66V-Tuesday's estimated receipts 300 cattle; Chicogo high rote. 800 hogs. euliuon. Dow-Jon- es NEW FAR EAST .1325 .0024 .2025 .0037 .1025 .1490 , d balance safely on rthere and when will it all end" "If we continue to have the ecology problem, the energy crisis, the crowded highways and the concerns about health, the states are going to Use this highway trust fund money to Itek Corprtn 16ths. NEAR EAST Rype? Sheep 450. Spring lambs 2.00 to fully J.SD I'wrer. Shorn daughter ewes steodyljndof'o Ry0l5h.. H.K. Olr. fa 59 cents lower. Choice and prime 85- - jNong Kong Yen Jopan 105 lb. springers scattering prime 42.00; cull utility ond good shorn Pakistan Rupee Philippines Peso ewes Tactical Decision to All .0235 .0012 .2340 1 I Blue-ston- "The most important tactical decision we'll make in these negotiations is who the target is. says Fraser. Until the radical and student-le- e breakthrough." de- mands and faced long and costly shutFord for 66 days in 1967 and downs GM for 67 days in 1970. Ask any of the three UAW vice presiBandents heading bargaining teams non at Ford. Irving at GM and' who they Douglas Fraser it Chrysler will select and they'll name the company they're at. are being sold to older people unable The same law also includes funds for a study of bicycle and pedestrian .0801 .0081 2 57 .0150 3.33 .0725 weren't willing to agree to union the booming sales Even Elderly Take Part Even the elderly are becoming a part of the market. In some retirement communities, adult-siztricycles He contends the federal action is the first step toward a national program of bikeways. This will lead to more users." .1070 .1660 .0040 .0425 .0425 Slaughter bulls 40.00-4- 0 00. Hags 3,500. Borrows end gilts unevenly cents to 1.50 higher; than lost week's close or 75 cents to 1.25 higher than tost Egypt Pound 'ol Ids. week's ovetage. U.S. 1 to 8 55.00-550. Sows unevenly 15 cents to Lr0Q Dinar lbs. (Turkey Lira fully 1.00 tower. U.S. 1 to 3 350-6- of Another potential bicycle breakthrough is an automatic transmission." In a new model cyclists can set a gear and when they reach a certain speed, the bike will automatically shift into drive. . .0550 .0780 .239S .3295 .4040 1800 lb. large share The New York Stock Exchange: Final Quotations AmTfi,T YORK In the last two rounds of negotiations, in 1967 and 1970. the target companies are of lightweight, bicycles that sell in the $I29 $159 range. But the cream of bicyitedom must be the hand made, models that sell for as much as $600. Incredible Breakthrough This is one of the most remarkable things to happen to bikes," exclaims Burke. This was an incredi- instead of parking their bikes Now A Burke expects a new law that will states to use federal highway construction funds to build special paths for bicycles and other cycling projects to further spur sales and ridership. The law would make $120 million available over the next three years. States vould have to put up 30 percent of the cost of a project and the federal government would supply the remaining 70 percent up to a set maximum per state per year. ble ears" load.'." is always going to be a re- allow were for adults. Foreign Exchange NEW who-head- Choice Simple The company selected by the union Tuesday will be given a simple choice: "Come to terms on a new contract or face a strike at midnight, Sept. 14 while your competitors continue building nevt safety. In Burke's view, the highway aet of 1973 has defined the bicycle a a legitimate user of the nation's and A placement bicycle," says Burke. bicycle is like a shoe. You buy it to fit you can't glow into it." e HANDY AND HARMAN SILVER NEW YORK (UPI) Handy and Horman Monday auoted silver at 271.0 cents per ounce up 4.6 cents from Friday. 25 . SOYBEAN All contracts "There Trade for Bigger Machines , Not too long ago, a adulthood usually began as soon as a youth was old enough to drive a car. As late as 1969. you were still talking about a children's toy, says Burke. That year, 7.1 million bicycles were sold, and only a small percentage Markets in Brief on prev. 7 1 trade up to bigger, more sophisticated more expensive nun bines. Phil Burke, the institute's public affairs director, predicts a sales peak will be reached. But apparently the end is not in sight. The industry expects to peddle lli.S million bicycles in 1974 and 18 million in 1975. pay-out- prices riter Last year about 55 percent of purchases were of adult models, ones which the industry says are used by cyclists over 16. The percentage of adult sales is expected to remain the same in 1973. Board of Trade Seo Settlement W for good, young people often WASHINGTON Bicycle sales are pedaling toward record heights. Some 13.4 million new will be sold this year, according to projections of the Bicycle Institute of America, a trade association. This represents an increase of 11 percent 13.9 million. over 1972's record-settin- NEW YORK (UPI) Markets ot a NEW YORK (UPI) Metal prices: glance at the close on Monday: Foreign kd NEW YORK (UPI) in StocksLowcr slow trodiv. domestic gold prices Monday: 99.5 cen per Aluminum, primary, plas BondsShigher. LONDON pure, 50 lb. ingots 23.00 c lb. U.S. Government Sonds Lowerin auet Morning fixing KT7.25 uo 3.25 Antimomy, domestic, 99 ? per cent pure trading. t o b. Laredo, Texas, buik 66 ,0 c Id. Afternoon fixing 109.50 uo 5.50 American Stocks Lower m slow PARIS (free market) 111.29 up 3.06 S U. Copoer, electrolytic, delivery trocirg. FRANKFURT 109.90 Up 7.27 c lb.; Lake 59.58 ? c lb. London Stocks Lower. ZURICH 106.00 bid 110 00 asked up 5.00 Leod, common. U.S. 16.50 c lb. Cotton Futures Higher. NEW YORK Manganese, 99.9 per cent pure, boxed Chicogo Grom Futures Wheat closed lb 33.25 c Handy 7 Horman, noon 109.80 up 5 50 regular, to 20 cents; corn off 3 to 8; oats up E'w'hard 109.80 bid 110.00 osked uo fJiCKel. electrorvtic coincides. t.o.b. Port off 14 3 ? to 6. ond soybeans off 40 to 35. SS0 Coborne, Gnt., 153.00 c lo. Cattie Trade Steoav; top $54.75. 95. tme. European prices for 99.50 per cent finesott, Platinum, produce ness; U.S. prices 99.95. $i7.o; oz. LONDON JP) secondSpot cooperon wire 76 lb. flask Quicksilver, $298 the the session closed bor b Tin. N.Y. prompt delivery 242.25c CHICAGO (UPI) Gram Futures Range Metols Exchonge Monday 1? pounds Tungsten powder, 98.8 per cent mini Low Close Prev. Open High 859 $4.15-4.5hight. with buyers 857 ond sellers nom. IP. mirm pure. WHEAT 8 ton. forword pounds pounds per metric 00c lb Zinc, prime western U.S. 20.25-28IO higher wih buyers 809 and seller pounds per ton. Sales 12,350 tons. SILVER FUTURES Spot cathodes 7 pound', higher wth NEW YORK Silver futures (UP!) sellers 795 pounds per closed buyers 790 end Monday 900 to 1,180 points higher with hiaher 4 forward buyers pounds ton, 2,715 contracts. Sales ton. Sales 778 and sellers 780 pounds per High Low Close Prev 450 tons. 272.50 263.60 22.60 263.60 Sep Spot tin 10 pounds lower with buyers Oct 266.00 275.00 t ngiO ond sellers 2012 pounds per ton, Dec 279.90 275 30 279.60 270.80 forward 13 pounds lower with buyers Jan 282.20 278.00 282 00 273.00 1993 ond sellers 1995 pounds per ton Mar 286.10 281.60 285.90 276.90 Soles 390 tons. 290 30 285.50 289.10 280.10 May - pounds higher with OlivSpat lead JIv 292.00 388.70 292.30 283.30 ton, U0 178 and sellers pounds per ers 295.50 771.50 295.50 286.40 Sep forword pounds higher wth buyers Dec SW.00 296.60 300.50 291.30 2'4 1.33' 199 and sellers 1S4 pounds per ton. Soles Settlement prices an close ond prev. 42 1.36.4 6,075 tons. 1.44 1.50 Spot zinc 17' ? pounds higher with buy COPPER FUTURES 1.43 ors 383s ; ond seders 384 pounds per ton, NEW YORK 42 1.38 2 Copoer futures forward pounds h.gher with buyers Mondov closed (UPI) 230 to 290 poirw higher SOYBEANS 87 : and sellers 388 pounds per ton. Soles 1,424 contracts. down closed Aug 850 5 tons. Soies 9.15 9.15 9.55 9 15 915 High Lew Close Prev. Aug aith buv: Spot silver 1 60 pence 90.90 89.80 88.10 90.90 8.75 8.40 9.00 900 640 Sep ers 108.40 ond severs 108.60 pence, j Sep Oct 87.60 86 90 6 43 87.60 85.10 7.96 7.96' 2 8 37 8.59 Nov with 1.50 pence higher months forword 81.90 82 95 80.60 82.95 8 55 6 47 7.89'2 7.69 2 8.30 Jan sellers 112 40 oence. 7 Dec buyers 112.30 ond 2.10 80.00 80.40 80.70 78.30 8 28 8.40 7.88 7.89 8.55 Mar pence higher with Jan months forward 77.90 76.85 77.95 75.60 7.85 Mar 7 MS 8.73 646 830 May 117.00 pence per May buyers 116.80 end sellers 75 70 75 30 8 33 75.90 73.60 7.82 7.52 6.20 840 JIv troy ounce. Sales 201 lots. JIV Page Ken Bannon would like nothing better than to pu. Ford Motor Co. in the posilabor tion of agreeing to a pattern-settincontract or face a strike in imd or Peddle em By Michael F. Conlan It. Metal Markets - 1973 Tuesday Morning, August 21, Pedal em Last Monday, on Aug. 14. Phase 4 was I augurated. It allows retailers to "pass through the increased cost of merchandise to customers. However, retailers must absorb any increases in their rents on wage In general, the accmr.modation of Phase controls has been quite good, he said, since the public was aware that something had to be done to cope with galloping innation. Phase 2 was liberalized in May. 1972. Nonunionized businesses with fewer than til employes, were exempted from price and wage controls. Landlords with less than five rental units were exempted from rent controls. Commercial and industrial rents remained under control. Finances Bike Craze Continue On the same day, petroleum prices were frozen and remain frozen pending issuance of new regulations. On July 18. the retail price controls on like certain agricultural raw products were lifted. Price eggs and potatoes hikes also were allowed for pork and lamb, but the freeze remained on beef to stay there until Sept. 12. 1971. Markets The message is plain DETROIT We have a better idea. Lei enough Ford lead the way." WorkSeptember. His fellow United Auto him the officers ers (UAW) may give chance. Bannon, a UAW vice president the bargaining at Ford, will join more than 1.000 union officers in Milwaukee. Wis., Tuesday to pick the union's strike target. Contracts covering more than 700.000 UAW members at General Motors. Ford and Chrysler expire Sept. 14. the President announced a freeze on the price of meat excludbased upon the ing poultry or fish prices prevailing on the highest 10 percent of all transactions for the previous 30 days What is now referred to as Phase 31 j, was announced June 13. It froze all paces ranging from the charge for a pound of copper to the cost of a haircut for a period not to exceed 00 days. ' By Edward S. Lechtzin United Press International Clines Meat Prices Freeze On March For 1973s Ultimatum Ci Meaning of fPha ses By Robert H. Woody Tribune Business Editor UAW Considers Target American Stock Exchange PE Soles High Low Close Chg. S 3 3 Ptostk 1 9 ? 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