The Pittsburgh Press from Pittsburgh, Pennsylvania • Page 36

The Pittsburgh Press, Monday, April 10, 1967 36 3 Colleges Pour Latest American Stock Exchange Changing Careers More Cash Into Stocks Net Sales In Seles In Net Biw IHA Ulak Lew Lett Chee. Seles In Net Div. 100s Hieh Lew Last Chge. J. G.

McKee, senior vice pres Sales in Net Div. 100s High Lew Lost Choe. -A- PeoBavl .40 's S4 Peruw nn Dl ident of Columbia Gas of Pennsylvania has been elected J3' tS'i 1 11 11 11 Phil LD 1 P4 5-4 Phlmsln II 'A 4'. 4- 4 H'4 4'4 4'4- 4 13 2'j Vi 15 10H 10 4 10's- '-4 2 34 I1 I1- Vs 15'4 15'4 15''4 2 I I I 6 43' 43 43 3'. 3'.

12 12'- Vi ValrCoal .50 VolMdss .20 WabMaa .20 Waim Precs Weiman Co Wentworth WestChP 90 The Daily IWesfor Certificate Confuses Stock Buyer Date On Note Ha) No Bearing On Price Of Issue EooieCI .30 EasiCan 40 Eckmr ECL Ind I EdoCoro .32 Ehrenrech ident to T7. 3 2'k 12 5 5's 5'i- PhoenlxS ok 5 213 tl't 21't Ploseckl Air 10 U't H'i- pike co .40 9 19'i 19ls 19-A- PloAro .600 JO 27 27'i-1 Pio Plastic 19 VH 17 174 'i I PittsRail .60 16'i 15J'4 15'i- 4s NEW YORK (UPI)-Much of the money poured into common stocks and other securities these days is being provided by colleges and universities. A survey of 64 college and i succeed j. Coleman, effec IVl I'l 6'i 3'. 22'-.

5 Is 34 21 '4- I Elco Coro i Eicor Chem i ElVolct 41 30 30 3(1 J. 14 4 12' V. 31 77 Westote Pet 1 5 37's 32i 32'i- i Weslb Fash I 14 12 31 77 13'4 13 8J4 15' 4 34 124 334 14 12' i 31U 13H 13 I'l 15 4 47'. Hi 2 4 7 3 IS 2 1 155 4 67 1 12 17 25 20 40 13 17 tive with Mr. Coleman's retire ment on June 30.

El Acct I El Assist 21 El Com .209 Elect i. AAsI i lectrn Res 2 13 13 15 11 11 -w- 32 204 14 5 4 3 t'i 6-1 7 3'-s 1 22's 22's 7 5 5 11 3'4 34 I 21'. 21'. 1 17 17 9 23'. 3 37'4 37 3 14 14 10 l's l' 6 14: 2 19(4 19'4 15 37 36'i II 4'4 4'.

4 11'. 13 15 19 II 250 13'4 U'. 20 17 16's 19 1 1 -X-Y-Z- university endownment funds tw- v. 15'- 4 4ft -l'l 14 conducted by the Boston (mu- 1 13's 13''s '-s WsNuclr .20 33' 4 13U 13' 4 's i WstSlln 4 ll'i 18'. ll'i- ViiWhlbrlr .600 10 2ls 2l' 21'1- VsiWhCross .61 7''4 V't V-a While Eagle 13 lls II ll'4 ii Wichita Oil 7 Ills 11'i llist-s Wieboldt 5k .1 iWlllhouse 51 ,7," JJ, Williams Br 10 77Vi 7614 77' '4 wilshire Oil Wilson Bros l'l- I EICoAm El-Tronics EokoSh 70a AhbevRt ADerdP Acme Horn I Acme Mfs.il Acme Prec Aero Flo 23 Aeronca Inc Aerosol! Aiax Aio Pof 4 20 Alaska Alfl All AmEn II AlleohC wis AllgAir 06d Allirrt Art AlldCont .44 Allied Poor Alloys Uni Alsco Incra AltomllC Amco Inn! Amem Inc Am Biltr .60 A Sir .10 ABusS OSb Am Eiectrn Am Int Alu AWfo 1 .105 Am Pet 40ri Am ReltvPt Am Softv IK A AnderE 360 Anelex Corn AndreoR .50 16i 16H '4 PiumeAt .40 I I I 4- i PIvRubA .50 S'i 54- rt PIvRuhB .50 U'4 Wh ll'i- 'j Pn Scale .56 2Vi 2H 2'i PneumO .1 7 6's 6's Poinrad El 14 14 14 Poloron 10k 2's 2' i 2's Polvchr 12' 12 121- Pert EIT .30 4 4 4 Potter Instr 29's 29's 39 PrenHall la 2't 2'.

2 PresRIty rts ll's 11' Ill's- Pnnt Co .50 14 13'- 'i 1 ProlerS 49'i 4'l PrOvGos .64 I I I 1 Puritan .40 5:4 I PvleNotl .80 S''4 5'j I Quollmn .70 13 17 5 71 1 29 5 2 2 3 mi i 1 It cipal endowments of approx- 1 The change will also apply to five other PI 1 1 urgh- J5 13'. Wt 25'. 25 "1 I3. V. 12'.

12 3'. 3. 10 IVi 13'4- 14 i unaieiy unuun, wnn iiatai- Eauit Co 5k EauitvFd 5k Erie Faroe Esoro Inc Esoev Mia Esa Inc .50 Esa II -1 'i i't wood cb ,64 I Wocd 1 5 3 1 10' 1 134 2 40 11 ll-4 )lJ 114 1-4 1 1 rf 2 10. 10 10- 14 WorldCP .60 Wright Hrg IP. 78V7 I Essex Ch 3k 2J.

I Ets Hoin' lVt 21-1 4-r' 7 22'. 5'i 4'l 4A 4S -F- 2 4 5- 39 12 7Vi 7'i 324 12 39 12' 7' 7'4 20 4 1 Radiation Jl Raotd Amer Roth Pockg RE inv 1.20a RE DM Coro 7' 7't 33'-1'i 74 7'4 6's 6'-44-4 441.S 35 1 Falcon Sbd FamReC .60 Fom Art 2k Fargo Oils Fed Purchs FedResr .10 10 314 314 12 25 25 25' -15 14' 1 14' j- 27'4 274 124 12's V4 194 194 3's 3''. 6'4 6'4- 7'i 7'. 34 '4 37 37 -4 4'4 4''. 154 154- 'A 4 V.

R'dman Ind 7.T B.4 41 21 13 8' 19 3's 614 7's 34 37 if'' 17'4 20 19i Wi- Vi 6's 44i 3t5 i'i 61 5 10 if 17's 6''3 6V2 7 1', 1 14 1.. 4 i Federal Inc 13' 11 13') '4 Felmont Oil 11 I Fields Plost Xtro Inc 61 75'4 74 74'. -V4 ZaleCorp .61 3 25V. 25 '4 Va Zooata Of IS 15 47V4 46i 47 ZeroMfg .10 1 15'4 1514 15'i- '-4 All sales in hundreds (00) omitted except for those designated (1) which are traded in 10 share lots and carried in full. DIVIDENDS: (a) plus extra; (b) declared or paid so far this year, no regular rate; (c) payment on accumulated dividends; (dl paid last year; (el cash plus stock; (g) annual rate plus stock dividend; (h) Capitol distribution; (I) per cent in stock paid last year; (k) per cent In stock; (x) er-dividend.

FRACTIONS: (f) Indicates following figure Is traction In 32nds; (I) Indicates following figure is fraction in 64ths; (r) indicates following figure Is frodion in 128ths; (s) indicates following floure is fraction In 256lhs; (I) Indicates following figure is fraction in 16ms. 41 60 10 51 113 54 5's 9 10 6'i 64 17 17 1,1 16 16's- Vs 9'-i 14 13' 13''s Fllmwy Mr. McKee based companies of the Columbia Gas System. Mr. McKee has been senior vice president since 1963.

He is a graduate of Geneva College and began his gas company career at Cumberland, in 1949. Mr. Coleman has had 42 years of service with public utilities and completed 30 years of service with Columbia last January. Edward D. Hursh has been elected president and treasurer of Liggett Spring Axle Co.

17's Vi 14 21' 201 20H 4 1 Find On .40 204 20. 20. 1 J't 4 9 Firth St Fischer P5k 74 7'-. 7,4 '4 4 4 44 7V1 271.4- 'A IB II' 18' IS FiaCao 2S 6'j 61! 6i- V. 33 14 41'i 411 4l'i- 4 U'4 14 6'-.

5 9 It's 1 64 5 5'i 18'4- Vs 64- Vs 5 94 Vs 5Vs 5Vs FIvTiger .10 For Cily 20 Fresnill Friend Frst FrontAIrl Jk 64 16 3: 31 32Vl- ii 4s 6s 16 16 14 1i 3S 29A 'S Andy Gmd Ansul Co AnocbeC .10 API Inst .40 A Corn Aoolied Dtv ADOlloln (nc Aaua Chem Argus Inc ArkLoG iM Arwnod Asamera Co Aso Astrex Inc Alrodnto Atco Chem AtlcoFln 30 All Rserch AtloiC 1 530 AllosCo wis Audio Dv 2k Autnmot Rrt AutoSII Mo Avin Inc Avislnd 30 year income of $219,999,820. For those interested in what single common stock the college and university fund managers find most attractive, the answer is International Business Machines (IBM). i IBM has replaced General Motors as the largest common stock holding of the institutions, based on market value. IBM was included in the portfolios of 41 colleges and universities with a total market value of $137.6 million. General Motors was held by 48 funds, with a market value of $119.6 million, and held second place on the favorites' list.

Standard Oil (N. showed in 51 portfolios, with a market value of $116.1. Other favorites were Eastman Kodak, Texaco, Gulf Oil, Xerox, Coca-Cola, Ford and American Telephone Telegraph Co. 5Vi -G- Reeves Ind Reli Ins 1.60 Remco Ind RemA l.lOd Rep Foil .40 Resistflx .50 RestWal .16 RevcoDS .30 Ric Group RioGrGs .21 RitterFn .34 Robintech Roblin Steel Rockowr .20 RodnevM 51 RogersCo 51 Rallinsln .24 RoosvtR .80 RossProd In Rowland Pd Roxbury Cr RovolAm In Royal Ind Rovl School Rusco Indus Russeks Inc RyonCn Pet Ryerson ,20 33 31'4 32 3'4 2 36' 36'4 36' 4 I 25' 4 25' 4 25' 4- 44 3H 33i- Vi 23 3 2's 3 6's 6's SI 158 15 4 15'l- Vs 33 6 534 5'i- 1 10' lO'j 10' 3 I 11 1 li'4 lB'i- 16 26 25'S 255S 28 2'i 2's 2'4 13 27's Wia 26's- Vs display tables and fixtures. He is a graduate of Carnegie Institute of Technology.

John E. Bechtel has been appointed purchasing agent of fruits and vegetables for the H. J. Heinz Co. Mr.

Bechtel joined Heinz in 1940. He is a graduate of the University of Pittsburgh Bev-O-Matic HomestearV has announced the promotion of Richard M. Stein as vice president-sales. Mr. Stein was also appointed to the corporation's board of directors.

John Crawford has joined The Trane Pittsburgh sales office as a sales engineer. He is a 1966 graduate of the University of Pittsburgh. A. L. Norman Jr.

has been named manager of engineering, U. S. Chemicals Department, for Gulf Oil Corp. He will succeed S. A.

Zagnoli, former chief engineer for the department. Mr. Zagnoli has been transferred from Kansas City, to Gulf's Pittsburgh executive offices, where he will be on special assignment. Motor Freight Express of York, has announced the promotion of Raymond I. Baty-kefer as western regional sales manager.

Mr. Batykefer is a native of Pittsburgh and joined the company as district sales manager in 1964. Albert E. Rainaldi has been appointed assistant manager, administration, for Robert J. Bushee Associates, personnel consultants.

James R. Hall has been appointed manager of the Great-West Life Assurance Pittsburgh sales operations. 22 374 361. 37 -1 302 414 3'4 3'i- 4 I 10 10 10 Vt 1 114 114 11. I 144 14'-i 1,4 33 42' 41'.

-2 17'4 17'4 17'4-2'4 2 3 3-11 204 20 20' ii News Chatter In Wall Street By WILLIAM A. DOYLE Q. Some time ago I deliv-ered certificates for 120 hares of stock to my broker, with instructions to sell when and if the price of the stock rose to $28 a share. The stock never got above $27 and then started on a downward trend. After a while I decided not to sell and told the broker to return my stock certificates.

When I finally received the certificates, they were not my original certificates. They were newly Issued and dated. What happened to my old certificates? What effect will the different prices of the stock based on the differ ent dates have if I sell at ome later time? A. Don't get into a flap. Nothing has changed even though you hold different pieces of paper.

When you delivered your old stock certificates to the broker, he undoubtedly transferred the registered ownership of the shares Into "street name" the name of the brokerage firm. This Is normal business practice. In the event your 7 7J.4 7J4 2 5 5 5 ia ') 1'. I'i 18'4 184 11 64 6' 74 3 3 15Vi 15 19 19 144 3 mi 14'4- 14 3 Il's- i 6'4 74- 3 15 19 9'4 5 14'4 39 3 4 IPs 5'-. Va 4-1 4 '4 4'4- V.

Ill 7'. Vi 9'4 9'4 1'. 1'-. 4 12 r. wt i'i j'i 42' 4 41'4 40' 39'4 41''4- 4 391-4- Vs 21 3 5 12' 12'.

14 -s- 3 I 9'4 9'4 15 3's 3's 3'. 16 37 37 37 Vi 1 He joined Liggett in 1956 and has served in several capacities, more recently as ad-mi i rative vice president and treasurer. succeeds Marc J. Sandler who has 'm 1 4'i 4 20'. 20'.

Solem- Bros Savoylnd In SoxonP 2'jk 18 5 11 3S 38 15' 1 I5J'4 18 18 Va 5 5 im l.w- II 11 7's 71- V. 2 I4'4 14'4 14'4- 26'i 26 264- V. 5'4 5'. V. 7J4 74 74 Vi 20 2 10 94 9-4- 4 Gale Indus! Garon Garlond .60 Gate In 60j A Coro Gen Acc wt Alloy Gen Bntterv Gen Buildrs Gen Cine .44 Gen Interior Sn Plywd 51 en Stores Genlsco Genung Ind Inc Gionnlnl .40 Giant Fd .60 GianlYel .40 Gilbert Svs GL Indust 41 GlenDs GlorayK .70 Gluckin .75 Goldfleld Co Goodway GordnJ Granger As GravMfg Ca Gt Am Ind Gt Bos Pet Gt Lakes Ch GreerHv .50 Grow Ch .30 Gruen Ind GTI Co Gulf Am Cn Gulf StLand Gulf Sulphr NEW YORK (UPI)-Bache and Co.

says the cut in the discount rate by the Federal Reserve Board should be looked upon as still another step in the pattern of monetary easing and should therefore bode well for the long-term economic recovery. The company, however, says on the short term, traders still have to deal with the an 7-'i i J4 224 224 22- '-4 Wt 12. 124 14 5 Vt 27 "4 I6J4 16-m 16-14- v. 21V. 204 204- 4 7's 11 11 11 12 12 '4 '4 4'4 4': 12 1 2 20 3 63 7 I 5s 7'4 7 7'i- 's 5' 4 5H i' 7'i Vs l' 1'.

14'-, 14'-. 34 7'4 3'4 3'4- V. 7'. V. BoifWd Ind Bokerl .600 BallMnnt Bold MIdI 1 Bald Se lib Bond Oil I BnrtlLvn 32 Barnes Eno Bnrnwell In BarrvWr .60 BartellM 4k Borth So .33 Bartons Ik Baruch Fst Beck Shoe Bell Eleclm BellTCn 252 BeronD BelhCo Birdsbor Co Bloom Bldp Blossmn .10 Bonanza Air Rotonv Indu Bowser I 20 BradFt 20rf RradlnP so l'l Mr.

Hursh 13's 13, 131- V. II'. 18- 1S4 i-S J-s 3'4 6 6 6 Vs 14 14 14 184 184 184- 29,4 29 294- 4 ovre Fishr Scope Indus Screen .60 Scurry Rain Seob Ply .10 Seolectro Season All Seemn Bros Selas Cp .40 SellgLoli la 5el Rex .50 Servo Coro Seton Lr .72 Seven Arts Shahmoon Sholtuck Drs Siboney Co Sigma In .50 SlanninilA 1 28'4 28'4- Va 104, 104- Vi Army Lets Contracts 8' Va Vi- Vs 46-V4 434 4634 14'4 14'4 14'4 'A 15 6 6 3 3 Vs 6'4 64 l'l I'l I'i 3 6'i 83 11'4 llii 111j- V4 been with the company since 1941 and became president in 1953. Charles E. Dexter was named chairman of the board.

Mr. Hursh and Donald Y. Clem, 1 1200 18 116 304 2 15 11 v. 15 '4 12 22'4 27 28' 4 IOV4 10'4 14 1 18 30 304- 7'. 14 104 11 22'4 22V.

4 27'. 4 1'4 5'4 12, 9 7' WASHINGTON -The Army has awarded Bell Helicopter Division of Textron, four contracts totaling $16.7 million for parts for UH-I helicopters to be made at Fort Worth, Tex. 12'. 174 12'4 2 4'. 4'.

4'. 61 10-'. 10i 14 25 104 101 4 1 I I 1. 7 U's 18'4 ll'4- -fi S'-'I 14 1'. 5'4- i'i 161 16'; 12S 9 9 7 7 i'i 21 '4 22 '-4 35 35 12's IJ'i- 14 P'i Wa- 1'4 9t4 9t4 17'i 20' 4 2 60' 4 60' 4 60'4- 4 77 utrvlr wn snM it wnnlrl havp I Bromlf it IS'iA 21 3 74 91.

-l'l 10 3.51 4 174 4 11', 3 9t5 10 la 52 SI'. 29'i 29 29 ll ll'i 1V4 19 18 4 1 J880 president of McConway Tor-ley became new members of the board of directors. Other officers elected were: HAB Am 25 Hnll Lamp Hondlem .90 Hornlsfgr 2 114 264 264 Dividends 24, 24'4 244- 30 30 30 Vi 16 16 16 14 1.14 1W4 V. 3'i 34 34 1 20' 24' 17 l'4 24' 24' s- ls l'4 "a 22 Dflunhl D.r.rri 10' ticipated lower earnings and the market probably will stick to a narow range. William A.

Kent of Philips, Appel and Walden says to judging from chart studies, the 1966 decline was a correction of the 1962 to 1965 advance. The analyst says there will be other corrections but believes they will begin from significantly higher levels, after the Dow Jones industrial average has penetrated the 1100 level. John W. Schulz of the "Trend 10 11 1 10' 35 167'i 171 1', A. Schumacher, vice Allied Control 11c May 17 Apr 28 Donald 4-.

411... 4 I. 1,... 17 64 A' a V. 3 13 IJ 214 JV.

7'4 v. Columbia Gas 36c May is Apr 20 president-Manufacturing: Rich- 7'4 64 10. 10' 64 v. Contl TrnsDortation 20c 6V1 l'4 9-4 way 1 Apr 14i- May 1 Aor I '4- Vs 9i speeded the completion of There would have p'ookPr been no doubt that your broker could have made "good delive- ry" of the stock to the buyer's I gRo broker. But the transfer of registered C3oa ownership into the broker's! name didn't change the that you remained the "benefi-ki "corner i i Camobel Ch eial owner the real owner icomobM .30 of the stock.

Those 120 shares ara n. iwigg, vice pieMueiu- 15 14H 5 10'i 1.4 1 141S 5'i Is 10'-4 6 16 3 14', i 5" 1 10'i -C- engineering; frank L. 5ca-i lli'4 11'4 7 74 44' 4 4414- J. 64 64- 4 8 8 I Jl J6V.16'4 Vk 1 19'. 19'.

14 33 18 18 3 10'-. 104 104- '4 6 35', 35'4 354 V. 3 9'. 9'. Vt 22 16'.

16'-l 6 6. 's 64- Vi 1 22' 4 J2V4 22'-4- 14 1 6'l 6's 6Vj S4 2t3 2t3 213 22 364 36 36 -1', 46 4', 134 13'. 14 13 15 14'. 144- 22 19'A 19 0 SigOilpf 240 Silicon Tron Silvray Lite SimmP Simplex 1.20 Simosan .60 Sinclair 2 SkvlineH .60 Slick Co .32 Solitron Sonotone .20 Soss Mf SCEdof 1.08 SoGulf Util Soectlnd .50 SoerrvR wt StAllionc 1 St Drdg Std Intl .24 StdMetal 20 StdPro 1.20 Std Thomsn Stonrock Ur Stathom Ins SteinHI Stelmaln 3k Steoan Chm Sterl Prec SternM Slernco Ind StooShoo .80 StruthWII 6k SunAir Elec SupMDst .20 SuperGn .21 Suprscope Suprnnics SusanTh .60 Syntex .40 Svstron Don II 17 12 12 12 14 154 lS'i 57'-. 57 Vs Hort Alt 40 Hortlld Strs Harvard In HorvevR .12 HarvevS .24 Hastings .50 Hotel Bis 4k Head Ski Co Heinicke In HelnaR 1.30 Here Gal 3k HiltonH wts Hitco Inc Hoerner .82 Hofmon Ind HomOA Hormel 1.40 Horn HHord pf5 HoskinAA .80 House Fab Howell I HubellB 1.20 Hulfman .76 Hunt Ch .40 Hvdromat For home delivery of The Press, phone 263-1121.

I6's 16'. 2'-. 24 V. 19'4 19 19 Craiomont Mines 25c Aor 28 Aor 14 Compo Shoe Moch 25c May 15 Aor 2B Electrooraphlc Corp 30c June 1 May 15 Franklin Stores )0c Aor 27 Aor 17 Gaylards Not 10c June 20 June 6 Grow Chemical 7'ic Aor 28 Apr 17 Hackensack Water 40c June I May 15 Henredon Furntre 12VjC May 1 Apr 11 Marco Entrprises A 15c May 1 ADr 17 Mercantile Strs 35c June 15 May 12 Northern III 5c 0 May 1 Aor 14 Orange Rockland 26c May 1 Aor 17 Pan Am Sulphur 15c June 30 June 2 Peterson A MV-c Aor 29 Apr 13 Scott Foresmon 15c 0 June 14 May 74 Slater Steel Ind 15c May I Aor 14 Stens Co Aor 28 Aor 17 Tokhelm Coro 25c May 31 May 12 Werner Transp Apr 29 Apr 19 INCREASED Grace Co 35c June 12 May 22 Inwn-lll Gs El 34Vic June 1 Apr 28 mans, secretary and Alvin R. Wocssner, assistant secretary.

Zell Brothers, McKees-port, has announced the appointment of Edward Moritz as industrial engineer and designer for their plant which produces kitchen cabinets, commercial 1150 33 hatt holnnno4 trv oil olrr.rf 1 5nF0r -'2b 324 324- 14 1 15'i 15'i 15' V4 41 581 57't 58S-l'ti 4 6 5'i Li 11 M'J 65 3115 3112 3112- t3 20 ins 1114 1(15 tl 12 2114 2tt2 2112- tl 2 6' 6' 6'k- is 5 1115 1115 ltl5 64 9, 9' 4 V. 10 5'i 5 5 32 JJ'e 33 33 13 10 9'i 1 106'? 1'4 10 19 iiavc vcivucu jwu an aiwng ion Grldoil IJ'4 19 14 and Value" report says overall price earnings ratios have risen dn Hmstrl 110 75'i 75'i-l'4 2'4- V. vr 2's A3 a 24 l'1 irtt- 1 1 204 204 during every period of cyclical 7'4 7V 16 15. 154- V. 30 30 30 1.4 U'k 174 134 134 from the day you bought them.

The dates on stock certificates seldom are important. Certificates normally are dated Cdn Javel'n Cn Mar Cdn Sub Oil Conaveral Carnatn 1 70 Corera Castle A .80 I Coro CenlChg 40 2 3 5 14'4 14'4 14' 4 V. 241-4- 4 204- 1i 174- 134 14 64 19' 4- 16'4 3'4 8 7i 391 39' 39'4- 4 37' i 27 5 2 23 2 1 4 1 3 7 1 ll 43 64 19'4 16'4 3'4 I 8 I V. 13 13'. 1.1 l'.

9' 4- V- Hvdrometl 64 194 16'4 3'4 13., 9'4 Northrn Cntl Gas 0 June 1 May 15 earnings contraction in the past 40 years and feels the threat to stock prices from the anticipated lower first quarter earnings might have been seriously over estimated. 9 IHygrFd 13 26'. 26 V. 274 9'i 9 16'. 13'.

I'. EXTRA days, weeks or even months sec 115 2 6 14 1 1 Apr. 21 Apr 14 13V. 87'4 -I- Craigmont Mines 25c I'k 16'il I6'i '-1 12'4 13 Vi 8'i 1-i 10' 1 tth after you buy stock. So, theicentrvm 24 27 254 26 -1 10'; -T I 518 11 dates on certificates have no on 5t7 104 2tl3 3tl3 2tl3- tl I 5t7 -104-6'l 4S hoomrin nr.nm.

I A I P'lSedl 27 29'4 29'. 14' 14 14 14 29's 59i 99i 1-. Ta I ley Ind 31 'Ch Meosur Techn finer Cherry Burr NOTICE OF 83rd CONSECUTIVE QUARTERLY DIVIDEND The Board of Direct ore today declared a regular quarterly dividend of 36 cents per share on the common stock, payable on May 15, 1967 to shareholders of record at the dote of burineaa, April 20, 1967. KARL SHAVER April 6, 1967 4'4 44 4'. 45.

6'i 4't 43 34i'i 34H 34'i i 42'i 42'i- 11 5V4 1-1 v. 5'4 S'l S'2 "1 15 20 IMC MogCn ImD Ch Ind Head wt Ind El Hard Ind Plywood Intern Brew Intlndust 5k Intl Stretch Intohoto .40 Intex Oil Co I A 1 80 Idco .36 IrvlngA Isram Corp 2' 14' 4 y. Tech Tape Technlco .40 Tel-A-5ign I Telectro Ind ft 7 urai uig uii uic tunc juu jjaiu for tlie stock. If you sell, It's the price you 1 paid that determines whether you have a capital gain or a 6'4 2'4 2'j- V. H' 64 64 V.

23 23 Vi I I Vs V. 23 I 4 7 19's 9 8'i 12'ij 7'4 34 34 20'l 20'i- 14 6 6 V. 32'i 19' 84 8's 12 7'4 19'i Vj 14- iS 12 Vi 1,4 1 1 4 2 3 22 284 28 H4 34 20'. 6 54 5'-. 8'4 8.

5'4 514 V. "An Informative Guide To Mutual Funds" FREE ON REQUEST MUTUAL FUNDS CORP. OF AMERICA 209 N. Craig Pgh. 13, Pa.

MU. 2-1206 Nme Address City Zone State. capital loss to report on your IJ4 I3-V4 134- 54 7 7 ill 8 "4 I OPPENHElflER FUND Writ! or Call lor Frn Prospectus MUTUAL FUNDS CORP. OF AMERICA 309 N. Crolj Pjh.

13, Pa. MU. 2-1206 Nam Address City Zone 64 16'i 16li '4 -J-K- let Prompt TeleMfrj .10 Tennv Eng Tensor Corn TermHd 5k Texstor Crp Textron wts Thomp Star Thorofr Todd Sh 1.40 TonkaCp .60 Tool pjlf 17 17 171. 171S- "4 50 34 11 50' 50 -1 I t'i A1. I'i Metal Market NEW YORK (UPlt-Metal erices: aluminum, primary, 99 per cent plus, pure 30ound ingots 25 cents pound.

Antimony, domestic, 99'i per cent pure, FOB Laredo, bulk 44 cents pound. Copper, electrolytic delivered U. S. cents pound; New York refinery 37.82ii-38.07'i cents Bound; Lake 38 cents a pound Lead, common, New York 14 cents pound; St. Louis 13.80 cents pound.

Manganese, 99.9 per cent pure, 1 to 20 tons, 28.85 cents pound. Nickel, electrolytic cathodes, FOB Port Colbourne, 85.25 cenls pound. Platinum, soft, 99.5 fine $109-5111 ounce. Quicksilver, $492-5500 76-oound flask. Tin, New York oromol delivery 153.25 cents pound.

Zinc, prime western, New York 15 cents pound; East St. Louis 14.50 cenls pound. Scrap steel No. 1 heavy was auoled today in Pittsburgh at S25-S26 a ton. JackMkt .20 Plastics 14- V.

5'l 94 5 34 34 1 36'i 3A'4 3 5'2 5'2 1 91 91 2 7 7 Jeonnette Jeff Constr 36'i 7 4 oJ-s 37 74 Wi 6 36' 12S 3. 10 liv, (,, 22 377, 37 377( A 17'4 17 17 V. 56'4 56'4- 191.4 26 Vs 37 37 14 74 74- ii 30'4 14 204 204- 5'4 5'4- 14 54 6 3 'i 36'i-l 12'S 12'. 14 3'i 17- 173. GAS srygftft El 1 294 29 294 '4 1 21 204 21 Vj 2 3'4 3.

34 3 3'. 3V. 50 10' 4 10'4 10'4- Vs 11 4'- 44 44- V. 7 4' 411 i'. 1 244 244 244- V4 22S.

53 Vk A JeffLkPt .40 Jervis Cp 51 Jetronlc Ind Jupiter Cro Kaiser Ind Kaltman In Kane Miller KatzDr KaulBrd .80 Kovonau .60 3'-. V. 3 3 3... 15 1514 154 1 niKlyr 1 fl Chief Con Christna Oil Cinerama OrcuitFI 5k CltvGsFI .50 Clork Cable Clarostat Oory Coro ClooavCo 4k CobrnC Cobr pfB .91 CohuEl ColeNatl .60 Colemn 1.20 ColonISS .30 Comlnc 1.80 ComMetl .60 ComwU 05e Comty Disc ComPS 1.40 Comco .20 ComouDyn Comoutr Ao Comn Sc .01 Condec Co Conduct Co Consol Leos ConLoun .44 Cons ContConn 3 Cont Moterl Cook El .30 Coooer .50 Coro Incorp Cosmodyn CottCorp 24 Countr pity Courtld Creole 2.60o Crestmt Oil CrwnCPt .50 Cubic Cora Curtis Math Cutter A .36 Cutter .36 TranLux .60 Tron WA wt Trnsolr Trn Beacon TronsCA .40 Trons In Co TranCT Trnsogrm Tri Contwt TropicGos I TrueTemp 1 21 Brand .30 394 39'4 24 24. 243,4 -'ij 15'i 14 4 157, i 1 I 1 16 37 36 7 V.

36 15's 40 31 '4 18'. II isi K0kiC 31 li vtl i 1 lnc 40 19'j 31 '4 6' 4 6 4 Vk 40 V. I9'4 31'k 14 Ketchm 11'4 11'4 11 "4- 54 5'i 5 9 23'-4 23 23' 4 V-4 -u- 16 164 164 14 14 14 V. II. ll'-s 1 1 Vi I4 39 10 16 5 1 27 17 13 6 1 1 11 10 19 1 1 7 8 4'.

I' 4 4'4 Income tax return. You should have a record of that price in the form of a confirmation statement, sent to you by the broker at the time of your purchase. Q. I now have 1167 shares of a mutual fund. This is the result of a $4056 investment on Dec.

28, 1959. My wife now Insists that I sell all these shares and put the money in savings accounts. If I do, will I get the "bid" price $12.01 a share? Or will I get the "asked" price- $13.16 a share? A. You would get the bid price that's the price you get when you redeem (cash in) your shares. That price, of course, can change from day to day.

It's the net asset value 8-4 41. lO'l lOVl- 4.4 10' 10 10's 10 V. 2114 21'4 21(4- V. 21 1414 104 6'1 14. 6V.

6'4- Vi 14 KewOil Kilembe .40 Kin Ark Oil Kingsfrd .60 KingstPr .20 Kissell Kleer Vu 5k KleinS Store KnottHCp 1 Krooo Frge Kvsor In .40 4 37-j 37 Z16 2t4 2t4 tl 44 f3 9' f2 37' 94 "4 2 2's Vs Vi 2' 2 13'-1 13'-. ll'4 ll'4 11'4 Vs 21 21 21 4'4 4'4 44 Vi 34'. 2't J4' i 3 2 13 8 3'4 34 6' 4 e4 6'i 374 14 '4 64 ,4 6'i- 3'4 34 6' 4 6'4 734 3'S 3. 3'- Ultronic Svs Unexcell 5k UnAirP Un ConsoOil UnConso rts Utd Imp Inv UnlndCp wt USCera US FilterCo US Leas .20 US NotGas US Rod USRedc Univ Autom UnvCigar 31 UnvCont .30 UnCntrol .20 Utah la .60 The Union National Bank of Pittsburgh STATEMENT MARCH 31, 19 67 II 27 6 134 13 4 1314- V4 7 M4- Vi 26 54'i 53' 4 16. 16.

16, 1 3I' 31. a. 19 18' 4 17'i 3 134 131 13'- V. 24 42 41 2 41 41 41 V. -D- 3 1 1 17 2 47 4 4 4', 91 2 4 79 3' 'a 3' 4- 1.

364 11'. 11. '4 58. 584- '4 2Vs 2'-. V.

24 5'4 6'. A'A 5' 6,4 21 5' 6' 144 2 14- 144 -V- 10 37 16 114 20 59 1 2'. 9 14'. 54'. 2 19'.

2 224 43 I'i 1 13'. 29 31'. Doitch Doryl Indus Data Contrl Data Proces DovMn Dellona Co Denn.nA AO i-S 24 19'-4- 224- 14 8-- Vs 13' 14 24 19'i 22' 4 84 Valley 2k Volsoar Valve Verntron 5k Vldoreen 31 Viewlex Ine Viking Ind I DennysR .20 i 3H 311, 3 5'. Vk SVa 21 34Vi 334 33J4- Vi 39 264 2Sii V. 40 Hi 123.

12i, 12,, 121 117 117, 31. 31 Lofay Radio La Maur .40 Lamb Indus LamsnS 1.60 LauBlow .50 Leosco Ota Lee MotorP Lee Natl Co LeeceNv .40 Lehigh .60 Lenox Inc I Lemer LeslieF Levin Como Levitt In .50 LibFob 7i-ik Libertypf 'j Light Co .60 Lilv Lvnn Lithium CrB Lockwood Lodges Loehmns 60 LorgWt .400 LaLand 160 LTV Aro 80 LTV El 12b Lundy Eltrn Lynch Com 1 24 24 5 10'. 10.. 101- Vi 150 I I I-14 2 394 394 394- 7 27. 2's 2i.

14 12'4 11'. 12 Vk Vi "i V4 1 2'4 2'4 2'4 21 10-'s lO'i 10''3- 14 46 55 54 55. I. 2 13'. 13'4 13' 4 12' 12'1 12'.

23 57 574 574- 1,4 4 32 314 314 1 I3'4 13'. '4 4 1.1' 4 13 13 20 60 59' 59's-l. 3 6'i e'-i 51 55 52'. 53' Vi 110 14'i 14'. 14', 5 53' i 53' 19 78'.

27 27'. 3 20 4 20 20 21 20'i 20'i- 6 6's 6 6's 2 5 5 5 5 12'i 12 12 6 7', 7', 7 101' 4 100'4 101'4- a-4 3 7'. 7. '4 23 214 20 21'42'4i Desilulnc 5i DetectoS 25 Digital Eau Dielectric Div Mils 3o Dixllyn Co Dome Petra Dorr 01 Dorsey Driver Hrrrr Druo Fr .30 Duraloy Co DuroPn .403 DuroTs DuvaiC 140 Dvnolectrn ASSETS Cash and Due from Banks 7 7 7 7 78,593,686.73 U. S.

Government Securities 56,713,550.19 Other Bonds and Securities 7 7 28,649,093.01 Loans and Discounts 7 7 7 7 292,733,927.31 Banking Houses 7 7 7 7 7 7,167,527.00 Other Assets 7 7 7 3,154,697.07 $467,012,481.31 5 2fl'S 20'. 1.4 1 17 17-. 17s 12 63 62'-a 62'-i- Vj 13 32Vi 32'4 Vs 9 17's 17'i '4 13 204 20' Vi 56 13 13V the actual dollars-and-cents value behind each share. With mutual funds the asked price Is what you pay when you buy net asset value, plus the commission charge. You don't have to pay any commission when you redeem mutual fund shares.

You just turn the shares back to the fund and get your money. If you do cash in, you're due for quite a bundle. A quick calculation shows that your 1167 shares now are worth That would give you a profit of just short of $10,000 on that investment you made a bit more than eight years ago. It would be interesting to know why your wife is so dead set on cashing in now. Does she think that stock and mutual fund prices are about to 4 13'4 13 2 1' 2 4'4 1 13'.

17 lVj 154 1100 44 43' 4 13 V. 2 4'i 13' 16 Vi 44 1V. Over The Counfer Oiiototlons from the NASD are representative Inlerdeoler prices. Inlerdealer markets change tlirougnouf the day. Prices do not Include retail markup, morkdown or commission.

IO-1. 4 V. 12 11 2 21 21'. V. G.

L. Levy Nominated For Exchange Post Press Financial Wire NEW YORK Gustave L. Levy, a partner of Goldman, Sachs today was nominated for a one-year term as chairman of the Board of Governors of the New York Stock Exchange. Mr. Levy, presently vice chairman, would succeed Walter N.

Frank. At the same time Bernard J. Lasker, a partner of E. H. Stern was nominated for a one-year term as vice chairman.

The nomination of Mr. Levy as chairman marks the first LIABILITIES 2 57i4 57V, 57' i- Vi 46 7'i 7V, 7Vi- V. 3 11H IV IV. Am. St, Gobain 6 30 29''.

30 V. 29' 4 12 4 5'-, 5' '4 5' 4 V. 5'i V. 17 5'4 A Corp Brockwav Glass Conl. Trans.

Lines 28,: 13 13 283 V. 8J 8'. l-il- "i 17 11 1 7 4 30 15'4 15 15 IP li- Edgewater Steel Electronic Conl. Svs. Federated Inv.

Inc. Fisher Scientific IP. 131. 14 14 tl5 Mocke .30 Maglln Pet Magna Oil MamMrt .50 MangelS .40 Manad MansTR .40 Marlene .50 MorleyC .60 MortCart A MarvCart eMascoCo .34 Maxson .20 McCrory wt McCrn wts McCullOII 51 ModJns .48 Medcnlnc A MemCo Memcor Inc Menasco Mf Merrilllsl MichSu Microdot In Microwve A fidWAb .90 Midwst Fin Milgo Eltrn MillFnd AO MlllrW Milo El .20 Mohwk 2'-7k Molvbdnit Molvbdn Cp Molvbof 2' 1 Monooram Mooglnc .20 MortgGy .50 Mntt Sup .18 MtVMill I'i Movilab 10k MPI Ind .40 MPO Video Murray I 40 MulerC 5' 51, 5'. Deposits 7 7 7 7 $418,958,061.71 Federal Funds Purchased 7 7 300,000.00 Accrued Interest, Taxes, and Expenses ,1 1,870,503.49 Other Liabilities 7 7 9,296,179.11 Capital 7 7 7 7'.

10,000,000.00 Surplus 7 7 7 7 7 7 7 20,000,000.00 Undivided Profits '7 7 6,587,737.00 $467,012,481.31 324 241. 24- ''a 14'4 14'4- i. 3'. V. ft3 6J- V.

Jessop Steel Jltfy Steak Life Assur. of Pa. Magnetics Inc Manoaement Ass't. Mcloar 1 25' 4 14n 3J.4 63. 12'.

10'. plunge? Maybe that's going to happen. I don't know. Is she trying to outguess the stock 11'. V.

vlitime in 26 years that an off- market? If so, the family! Nat. Un. 28 17 tloor member has been nominated for that Msitinn. An money never should have beeni Nucleor Mo. nM.iOliver Tyrone 31 ltt 22 55' 2 63 16 67 1 15's 16-4 1 55 63 65'l 15'.

43' 4 74 I 65Vi; pa amendment to the exchange's 4314 Bid Ask 224 19'i 20 40 'i 41 "3 11'4 12'4 44' -i 3614 374 114 12'4 6' 4 64 39 41 18 414 5' 4 19'i 20 9 9'i 10'i 13'4 14 16 I6I4 8'i 9 83 87 324 33'i 18 4 19'. 20 21'i 25 3'i 4 12 1 13'i 37 38 6'-i 7'-' 50 504 29' 4 29. 32'i 33'-! 2'. 2'i 24' 25' 4 8'. 9'4 2 2' I'i 64 8'i 9 29'-, 30'i 174 11'.

10 10' i 84 9'. 334 24'i 5'i 6 33'. 3-14 4" 5 3' 4 34 75 96 98 83 87 96 99 60 64 32'i 34 .285 72'4 73' 4 20 21 'i 21 16 16'i 16'4- Br. Robertson Rockwell Mfo Scripps-Hownrd Swift Industries Thrift Druos Signal Fmonce 15' 15'. down.

I just read about a 'balanced mutual fund." What makes a fund "ba- lanniwl uunauiuiion in uecemDer ot i 1965 requires that the offices of i chairman and vice chairman must be alternated between floor members and off-floor members. Mr. Lasker is a floor member. 25'. 5' 25' V.

5s. 3 l. 1 25. 1 5' Tvson Metals 3 4 i. 4Vl Pi 11 1 A.

A balance of investments union Ei in both "equity investments" j'sT ECnTneeV" onH tho lil-ol ifon 10' 4 6'i 4'i l'4 10' 4 11 4' 213 ''4- IJ'4- I. 10U- "4 II 213 tl Wash. Steel 5 ii'i 47, 15 213 1 9'i 40 314 and fixed-income investments wjr omq 9J.ii Va Opens New Office L. B. Foster Co.

has opened; a new district office in Nash-1 ville, Tenn. D. A. Lawson was! 31'. '4 i 9'4 14 9 9-1'.

3 8 9 9' 7 9' Naoco In 5k Nt BellasHs NatBowl Co Nat Co Inc NafEaD Not Gen wts NtPetrol Co Nat R'tv .80 Nt Video .60 NntWork .38 NestleLe .20 NewrkEI .25 NHBollB .40 New HvB .30 New IdriaM NewMex Ar New ParkM NewPr 3'b No CanOils Noeost Alrl Novo Ind .10 NRM Cp .60 Nuclear Am Nvtronia 51 13 33'. 34 DIRECTORS Bernard S. Horne Frank B. Ingersoll Attornry-at-Law, Buchanan, Ingersoll, Rodetinld, Kyle Buerger John D. Iversen President, Mesta Machine Company J.

B. Jamison Chairman of the Board, Standard Steel Specialty Co. George G. Main Vict President, Finance, Westinghause Electric Corp. Graham McCargo President, Graham Oil Company Charles L.

McCune President, The Union Rational Bank oj Pittsburgh 1 6" el 6 17 2' 2'i 2'i i I Youngwood El. such). Some mutual funds i Invest their shareholder's 'w money in both types of securi-j wost?" -rrV a' ties, those are called balanced Vo" cv 65 stock's" Brnokiine IUnus. Commerciol BUT J. Keedy Beeso.n Chairman of thr Board and Chief F.xecutir Officer Pittthurgh Gage Supply Co.

Joseph H. Bowman Charles T. Campbeix Director, Camphell Barfe Line, Inc. John S. Campbell, Jh.

Cabl I. Collins Director, Copperueld Steel Company William H. Cosgrovb Director, Su indell-Drestler Corporation Richard D. Edwards hxecutire. Vice President, The Union Rational Bank oj Pittsburgh Thomas J.

Gillespie, Jr. President, Lockhart Iron und Steel Co. John R. McCunb William B. McFall Chairman of the Board, Th Union National Bank of Pittsburgh Frank E.

Rath President, Spang Company Beverley R. Shriver Alexander Agency, Inc. E. L. Stockdalk Franklin P.

Thomas, III President, Petroleum Solvent Company of Pennsylvania and Thomas Petroleum Transit, Ine, Harold E. Williams Chairman of th Board, Williams and Company, Inc. Richard Wright President, Richard right Corporation ''4 1 1 21 21 21 4 5'i 51 1300 63', i. 16 2tll 2tl0 2H0 IS 11 26-4- -i named district manager, H. C.

Gibbs sales representative, rail and construction products, W. C. Byrd and J. W. Richburg as sales representatives, Southern Pipe Coating division.

Iron 8, Glass Bk. 3 ll'l- '4 Mrllon Not BUT 22' 7 McK. Nat. Bank Topic Chosen North Side Deo. Bk.

...105 27'- 7 27 "Flexible and Rigid Packag- 47Vi 45 St Clair Den Rk. 16 22 II 23i 47 27V, -0- 14 33V4 77 20 33 4 21'i 2 2 12'. 1 11'. Union Nat. Bank West.

Pa. Nal. Bk. 32'i ir. 33' Named Director OokElec .64 OKCCp 5k OkoniteCo I OldTown Co Orignola .30 OSullvn OverhdD .60 OxfordEI 5k 123 12-1-12'.

12'-11'. 11'. Ing will be the topic of Lewis E. Conman, chief of Domestic Trade, U. S.

Department of Commerce at a meeting of The Women's Traffic Club of Pittsburgh at 7 p. m. April 18 at The Edge, Mt. Washington. Foreign Exchange Foreign exchange rates as re 5' 5' NEW YORK Thomas J.

Lewyn has been named a director of Paramount Pictures Corp. He is secretary of the firm. -P-Q- 9.i 16', 21 203-. 6" 12 9 2 16', 43 I2i 20i jo II 6's I 5' 5'i ported by the Pittsburgh National Bank. Argentina peso, .00788: Australia dollar, 1.1195; Austria schilling, Belgium franc Braril new cruzeiro, Canada dollar, Chile escudo, Denmark kroner, .144625, Finland finmark, France franc, Germany, West deutsche mark, Greer drachma, India rupee, I Ireland pound, 2.7986; Italy lira, Japan yen, Mexico peso, PS.F Indus Poc Clay .60 Pnc Const PocCSof t'e Poc Cst Pro Pnc Industr PacNAir .50 PacNwTel 1 Pnc Pet wis PncPwLpf 5 PoddCp 1.60 PnllCoro .32 Pnncnst Pf 2 23', 23' 9T Main Office 300-324 Fourth Avenue 11 20'i l.

17 4 3 Vt 4 V. 125 19 19 89-1 11 42'i 41V, 42 'A Official Promoted CHICAGO Dannon Milk products, announced the promotion of Joseph Kagan to president and general manager. He succeeds Juan E. Metzger, who was named board nd 32 Conveniently Located Branch Office 9 23 4. mm mm 20 1 12 1 Mftnhrr Fffirral Frire System Member Federal Deposit Ininranre Corpora tinn neinenonns gunner, ncw Zealand 1 Pnnert 20b pound, 2.7890; Norway kroner, Park Ele'ctr Portugal escudo, Spain oesrla, ParvnD 4Ha Ole'S; Sweden k'riner, Switer Pnto Co land fyanc, United Kingdom PeelFtd I'd DSt-ind, 2 7986; Uruoi'Oy peso, PennTr.

jda bolivar, .2230. Pentron Eic 7 14 3' 10 124 7 7 5'4 5's 14', 1'4 3' 4 10'. 10'i 12'. l's iii uTiiiiii riiTnHiftri SEE ZENITH AD ON PAGE 13 ri. 11.

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