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A 10 THE SUN, Friday, July 26, 1974
Surge in wages
unexpected y large
By ART PINE
Washington Bureau of The Sun
Washington - New govern- were 6.9 per cent and 5.9 per
ment figures showed yesterday cent, respetively.
that wage increases in major- Along with the figures on
labor settlements accelerated wage increases, the depart-
more sharply than expected ment also published new statis-
last quarter, indicating the tics on "escalator" clauses
wage explosion now under way that appeared to heighten the
may prove larger than previ- debate over whether workers
ously forecast fare better when their con-
L abor Department statistics tracts contain cost-of-living in-
ho d that first-eartin- crease clauses.
showed ta frtyea in On a short-term basis, the
creases averaged a steep 9.2' figures showed that second-
per cent during the April-June quarter wage boosts in con-
period, following a rise of 6.2 tracts with cost-of-living
per cent in the previous clauses averaged 10.6 per cent
quarter. The jump was the -a shade higher than the flat
sharpest in 2 years. '10 per cent average for con-
As had been widely antici- tracts without such provisions.
pasted, the figures confirmed However, when the entire
that the spee ling coincided life of the contract was taken
with the lifting of wage-and- into account, those unions that
price controls last April 30, chose to compensate for infla-
which left unions free to seek tion simply by increasing their
higher pay settlements in wage demands appeared to
order to compensate for the end up with the larger pay
current rapid inflation. boosts.
However, the gain reported For the first six months as a
yesterday was larger than ex- whole, increases in contracts
pected so soon after the end of' without escalator clauses aver-
the controls program, leading aged a sharp 8.2 per cent,
some economists to speculate while those with escalator
that the wage spurt may ulti- clauses averaged 5.9 per cent.
mately outstrip earlier predic- Analysts attributed part of
tions. the difference to the fact that
Most analysts have forecast many escalator provisions con-
that wage boosts will average tamo built-in lag as a result of
between 10 per cent 12 per triggering provisions tlat
cent over the year as a whole, delay any increase until sev-
up from a 5.8 per cent average eral months after inflation ac-
recorded for 1973. Consumer celerates.
prices last year rose by 8.8 per Workers with escalator
cent. clauses in their contracts are
Economists concede some expected to. fare better than
wage catch-up is justified in the others as the year pro-
light of recent price increases, grsses. Under escalator provi-
but some fear that too sharp a sions, wages are boosted auto-
spurt in wages will bloat busi- matically to reflect increases
ness costs too nuch, placing in living costs.
even greater pressure on In its report yesterday, the
prices. . department disclosed that for
The 9.2 per cent figure was the first six months of the
for first-year increases only. year, the srarpest jcmp in
When pay boosts were aver- wages occurred in the non
aged over the life of the con- manufacturing industries,
tract, the second-quarter set- wrere first-year increases av-
tlements averaged 7.4 per eraged 9.1 per cent, up from
cent, compared to 5.3 per cent 5.3 in 1973.-
in the January March period. Construction industry gains
With fringe benefits included, alone averaged 8.8 per cent
settlements for contracts co- during the period, compared to
ering 5,000 persons or more a 5 per cent average over last
averaged 9 per cent for the year. In the manufacturing
'irst year alone and 7.5 per sector, the fitures showed
inent for the contract as a first-year gains averaging 8.2
thihole. First-quarter figures per cent, up from 5.9 in 1973.
ou
aF'TC official charges pric
ser ashington (NYT)-A mem- commissioners in a confiden-
su r of the Federal Trade Com- tial eight-page memorandum
eve ssion has charged that obtained by the New York
nericans are being cheated Times.
t of at least $10 billion a In a second memorandum,
ar by businesses that fix this one directed to a senior
imtices. commission staff official, Mr.
do/ Quoting an independent study Thompson said steel compan-
yeihat he said concluded "price ies, which make up the third
fixing is almost universal in a largest manufacturing industry
p1 wide variety of industries sell- i h ntdSaewr v
t ingdto local, state and federal in the United States, were ov-
gencies," the commissioner ercharging the public at least
p Mayo J. Thompson, called $1.25 billion a year through
upon the agency to consider a price-fixing and should be the
major drive to combat such subject to a concentrated com-
conspiracies. mission effort.
e "In a period of devastating Though Mr. Thompson, a
Sinflation such as the one cur- conservative Texas Democrat
c rently being experienced in the appointed by President Nixon,
ti United States, surely there is refused a request for the two
no better way this agency memorandums, copies of them
tf] could spend its resources than were obtained elsewhere.s by trying to 'roll back' some of In his report calling for an
pr these illegally inflated prices," increased commission role in
de the official wrote his fellow combating price-fixing, the of-More vs. less imports
be
ou E
ga' OECD, S. at odds"a..
ow
then economic policy
By GILBERT A. LEWTHwAITE
Paris Bureau of The Sun
Paris-The Secretariat of the of stimulatory policies which
24-nation Organization for would favor their exports.
Economic Co-operation and The issue even has the
Development has taken issue OECD Secretariat itself split,
with the Nixon administra- with Emile Van Lennep, the
tion's economic policy. secretary general, reportedly
The OECD experts believe favoring the American view-
:thie American economy is point, which is openly ques-
ready for expansion to create tioned in the new survey.
an active import market, help- One American official here
ing weaker trading nations said: "The Secretariat are
combat their balance-of-pay- very conscious of the feedback
ment deficits through in- of one country perhaps not
creased sales to the U.S. taking sufficient stimulatory
This assessment, published action and other countries
in an OECD survey on the doing the same. This could
United States, coincides with lead to a weaker situation than
announcement of the adminis- anyone anticipated."
tration's latest measures to Any restrictive action by the
dampen U.S. consumer de- U.S., which has something like
mand and increase industrial 50 per cent of the total gross
supply and productivity. national product of the 24
The administration's anti-in- OECD members, is particu-
flation moves are in direct con- larly alarming to the "stimula-
flict with the OECD's recom- tor" school of thought.
mendations and underscore a "If America is not expanding
basic difference that is split- at capacity growth rate, then
ting economic policy-makers in the export markets for other
the Western industrialized na- countries is. going to be that
tions. much less," said the official,
The argument is over adding, "The U.S. position is
whether the specific struggle that as far as we are con-
against inflation should take cerned inflation is the No. 1
precedence over general eco-'problem.
nomic well-being. "A number of countries feel
The U.S., Germany, Japan, the first priority is the fight
Australia and, to a more lim- against inflation, that the
ited extent, France, favor res- long-term implications of infla-
trictive, anti-inflationary mone- tion are much more dangerous
tary policies. Britain, Norway, to the social fabric than a lot
Sweden and Italy are in favor of people assume."UPI
The senator in Oregon
The body of Wayne Morse, the former Democratic senator from
Oregon best known as one of two senatrs who opposed the Tonkin
Gulf Resolution in 1964 authorizing the Vietnam war troop buildup,
lies in state in the Capitol in Salem, Ore., yesterday. Today, the
body will be taken to the Morse hometown, Eugene, for burial.Vote frees
lotteries of
tax liability
Washington bureau of The Sun
Washington -- The House
Ways and Means Committee
voted yesterday to exempt
state-run lotteries, such as
Maryland's, from any federal
tax liability-despite plans by
the Internal Revenue Service
to bite into state-house profits.
The action, approved tenta-
tively as part of an overall tax
reform bill, was intended to
thwart at IRS proposal to slap
a 10 per cent tax on lottery
earnings-a move some gover-
nors had complained would
bankrupt their lottery opera-
tions.
A similar measure already
has been approved by the Sen-
ate Finance Committee.
The legislation is expected to
clear both houses sometime
this session, providing it is not
awept aside by debate over the
impeachment issue.
At the same time, however,
the Ways and Means Commit-
tee voted to allow the Internal
Revenue Service to require
states to withhold a portion of
the money paid to lottery play-
ers who hold high-winning tick-
ets-much as an employer de-
ducts taxes from paychecks.
Under the provision, the
states would have to withhold
for tax purposes 20 per cent of
all individual lottery winnings
of $100 or more. The withhold-
ing then would be recorded on
tax from 1040, along with other
taxes paid.House committee moves to tighten
'minimum tax' to dent incomes of richWasahington ureau of The Sun
Washington - The House
Ways and Means Committee
moved yesterday to tighten the
so-called "minimum tax"-the
amount assessed wealthy per-
sons whose write-offs from tax
preferences would otherwise
allow them to escape payment
of taxes.
In a series of actions, the00 0a
panel voted tentatively to
scrap the present 10 per cent
tax rate and replace it with a
graduated scale, and to
broaden the list of tax prefer-
ences whose income must be
counted in computing the mini-
mum tax.
At the same time, however,
panel members also voted to
ease the impact of the mea-
sure on capital-gains income,
deciding to make only 35 pr
cepnt ofsuch ernings suhict-The committee voted to trim In other action, the commit-
the exemption to $10,000, down tee members voted to:
from the present $30,000 level " Change the tax laws af-
-thereby effectively adding fecting condominium and home-
another $20,000 a taxpayer to owners' associations so as to
the taxable income.,
Meanwhile, panel members tax the groups' earnings on
also agreed to expand the list investment income at regular
of tax preferences whose in- corporate rates, but ude
ecoemsbecutdi o-income from assessments to
come mllst be counted in com- members.
puting the minimum tax to e Alter the telephone ex-
include excess investment i- cise-tax laws to require the
terest, construction deductions hoe copa tor e e t
and itemized deductions that phone company to' exempt
state.. ana1-Ioci aeB ie tnIl:e ti~il 0 to the minimum tax, compared exceed 75 per cent of adjusted
to 50 per cent covered now. gross income.
noted- The measures were designed The ve to reduce the pro-
flcial noted that the commit~ to strengthen the minimum portion f capital-gains earn-
sion's past policy was to leave tax, which has been criticized ings that would be subject to
this problem to the Antitrust since its enactment in 1969 as the minimum tax was made
Division of the Justice Depart- too small to make a dent in ostensiblyto encourage more
ment. the incomes of wealthy per- investment. Panel members
Isons. The present law gener- said they thought the rule was
ally is regarded asa token; too tight in view of market
A. & P sf ed provision trends.
$33 million Committee staff analysts es-
timated the changes could tri- L P T
pie the tax bite for some weal- MIuei of 1X
A. & P., from Al thy persons and will increase
innocent, and we are confident the tax liability significantly
we will be vindicated." for others. Overall impact will t onne via
The plaintiffs had alleged be small, however, since the
that A&P, which has head- tax affects few persons. Wasington BuqT
quarters in New York, con- Te dcisiowre art o Wasinon-President ix-
spired with a number of mem- continuing work session the Wahnt-PeintNx
hers of the National of me-committee is holding as part of on's promise last night to trim
its efforts to write a tax-re- $5 billion from the federal
tion of Food Chains to fix high, form bill. The panel is ex- budget this year will not pro-
noncompetitive retail prices pected to finish later this duce cutbacks nearly as large
and low wholesale prices for month, but some observers say as Mr. Nixon suggested, ac-
meats. the measure might then be cording to key administration
The complaint alleged that shelved. policymakers here.
the antitrust violations oc- The changes adopted yester- Although the Pres'ident
day would eliminate the 10 per Atogh h rsdn
curred from 1964 to February, da w o ateste 10atly pledged to lower outlays by $5
1973. cent rate now assessed a y billion, aides say the action
The jury awarded damages under the minimum-tax provi will involve only about $1.5
for the period from 1964 to sliding-scale ratethat withould billion to $2.5 billion in actual
January, 1968, the date of the peg tax liability to the amount spending cuts-that is, where
suit. Mr. Alioto estimated that of eligible income. programs are reduced below
in this period, his plaintiffs Under the new provisions, previous projections.
had told 51 million to 52 mil- preference income would be The rest would be accom-
lion pounds of beef and had taxed at a 10 per cent rate for plished through bookkeeping
sought damages of 10 to 20 the first $50,000; 15 per cent up actions which tend to lower the
cents a pound for losses that to $100,000; 20 per cent to deficit without actually re-
occurred as a result of the $150,000; 25 per cent to $200,- stricting spending-such as the
action by major food stores. 000, and 30 per cent for income sale of government offshore oil
A pretrial order named as above $200,000. leases, or the deferral of some
alleged co-conspirators-but At the same time, the panel outlays for a few months.
not defendants-seven other voted to reduce the "exemp- And policymakers say even
chain store groups, including tion" the taxpayer subtracts these are, at this point, largely
Winn Dixie, First National, Co- from the gross amount of his expectations-which may well
lonial, Giant, Food Fair, Bren- income that is subject to the be impossible to realize, de-
ner Tea Company and Jewel minimum tax before applying pending upon economic condi-
Tea Company. the tax rate. tions. That is why Mr. Nixonstate ad localtxswe
computing the amount of fed-
elal excise tax that a customer
owes.
* Revise the investment tax
credit laws applicable to the
movie industry that would
allow firms to taketa 7 per
cent credit on any film that is
made mostly in the United
States.
:on cutbacks
bookkeepilg
-eau of Tile Sun
pledged only to work "toward"
a $300 billion budget.
As a result, Nixon policy-
makers are conceding that the
impact of the cutbacks will be
primarily "psychological -as
a symbol to show the nation
that the government is at-
tempting to get its fiscal house
in order.
Aides say the actual impact
on the inflation problem will
be practically negligible. Some
economists doubt that the ad-
ministration will even make its
goal for the $2.5 billion spend-
ing cut, let alone the $5 billion
overall figure.
The $5 billion target was
decided on tentatively in late
May. The figure was revised
several times, but reinstated
as a goal earlier this month.
Officials have insisted the
cuts would not include defense
spending. However, authorities
said last June the defense out-
lays probably will run about $1
billion below original estimates
because of congressional cuts
and contracting delays.Nixon plans $5 billion spending cut
NIXON, from Al
"abundant evidence of the will-
ingness of the American people
not only to co-operate, but to
join actively in . the battle
against inflation."
The key to fighting inflation,
he said, was steadiness.
"The steadiness that accepts
the need for hard decisions,"
Mr. Nixon explained, "for oc-
casional unpleasant statistics
and even a measure of sacrif-
ice in the short run, in order to
ensure stable growth for the
long run; steadinesss that
stands firm against the clamor
to take dramatic action just to
create an appearance of mo-
tion; the kind of steadiness
that rejects demagoguery,
that rejects gimmickry, and
that gives the enormous crea-tive forces of the market place lower taxes; would not impose I obj
a chance to work." wage or price restraints; would "su
Meanwhile, the country not resort to deficit spending ron
needed a new lobby, the Presi- and would not administer any, ty.
dent said - "an anti-inflation "shock treatments" that might l
lobby." dampen inflationary fires but po
He added: "This should not raise unemployment, ten
be a lobby with plush Washing- The message of conserva- cia
ton offices and high paid offi- tism was well received by an oth
cers. This lobby should have audience assembled by the goa
an office in every home m California and Los Angeles D
America, and every citizen area Chambers of Commerce ca
should be an officer in it." and two other local business- vis
Potting America's house in oriented organizations. 'no
order, the President said the In discussing ways of mak- m
administration would hold ing the American economic F
down government spending, system more productive and ,Nix
exercise moderate but firm less inflationary, Mr. Nixon hi
restraint on the growth of the offered little consolation to en- an
money supply, "work crea- vironmentalists who want floor
tively" with other nations to more productive capacity di- As
combat inflation, and seeks rected toward purifying the na- M
ways to encourage productiv- tion's air and water. netity.
On the other hand, the ad-
ministration would not raise orectives," the President said,
uch as improving the envi-
nment and increasing safe-
He added.. "These are im-
rtant, but, we often have a
dency to push particular so-
l goals so fast or so far that
ier important economic
als are ondoly sacrificed."
During his 35-minute address,
rried live by the three tele-
ion networks, Mr. Nixon did
t mention either his impeach-
ent problems or Watergate.
Following the speech, Mr.
ion returned immediately to
s home in San Clemente. To
swer questions from the
or, he left behind Roy L.
'h, director of the Office of
management and Budget; Ken-
th Rush, chief coordinator of"We must re-evaluate the economic policy, and Herbert
trade-off between increasing Stein, chairman of the Council
supplies and certain other of Economic Advisers.Baltimore pro uce
FRUIT
APPLES-Stdy. Va. 1/2 bushel hams or-
chard run Rambos $3. Md. / bushel car-
tons Rambos 22" up $5, 2" up $4. Wash.
cartons Wash. Et. Fry Red Delicious 88-
100s $12-13.5-, 113-25s $13.50. Golden De-
licious 80-88s $12, 100-113s $12.50, Wine-
sans 113-i25s $10.50.
AVOCADOS-Supplies light. Cartons
green skin varieties: Calif. 16s $6.50-7;
Fla 14s $5-5.0
BANANAS-Central & South America
cartons apurox. 40 lb. cut hands $5-5.50.
institutional oack15s$50$.0.
BLUEBERRIES-Stdy. NJ 12 pint
trays per pint film wrud. 44.46c.
CANTALOUPS-Stdy. Jumbo crts.:
Ari. ls few $14-15.1/ ctns: Calif. 12s
$5.50-7.,inns. $6--6.50, poorer low as
$2.50. i1s $7; Ariz. 12s $3.50. Md. bu.
hamo. & crts. 14-16 count $4.50-5. ctns. 9
count $3.50-4.
CHERRIES-Stdy. 20 lb. lugs & car-
tons: Wash. Binga 12 row & lar $8-9;
Oreg. Lamberts 12 row & lgr. $9-9.50.
GRAPEFRUIT-Stdv. Calif. / box car-
tons 27-40s Marsh Seedless $6. Ruby Reds
$6.50. Fla. Indian River 4/5 bushel car-
tons Marsh Seedless 32-48s $4.25-4.50,
Red Seedless 32-40s $4.25-4.50, fair~qual.
$3.75-4.
GRAPES, Table-Stdv. Calif. 22 lb.
lugs Thompson Seedless $12.
'HONEYDEWS-Supplies light. Texas
cartons 6-is $3.50-4.
LEMONS-Stdy. Calif. / box ctns. 95s
$9.50, t40s & 235s $9.50-9.75, fair dual.
165-200s %8-9.
LIMES-tdy. Fla. 10 lb. cartons Per-
sian Seedless 42-33s $2.50, few $3.
MANGOES-Supplies light. Fla. cartons
Tommy Atkins 12s $5.
NECTARINES-Sidy. Calif. lugs Sun-
grand 70s . Late Sungrand 70s $7, 80-88s
$6.50
ORANGES-Stdy. Calif. / box cartons
Valencias 56s $5.75. 72-50s $5.75-6,.8sa
$5.50S.6l3ls $6.50. Fla. 4/5 bushel crts.
Valencias 64-125s $5.
PEACHES-Stdy. West Va. / bushel
cartons crates hydro-cooled U.S. Extra
No. 1 Red Havens 2" upr . Pa. 1/
bushel bkts. & cartons various varieties
orchard run $3-4.
PINEAPPLES-Supplies light. Puerto
Rico cartons 9-15s $4.75-5.
PLUMS-Abt. Stdy. Calif. 28 lb. lugs
Slmka Rosa 3x4 $8, 3x4x4 $7.75-8. 4x4
$7.50. Laroda 3x4 $8, 3x4x4 $7.50, 4x4 $7, 4
bkts. crts. Late Santa Rosa 4x4 $7. Eldor-
ado 4x4 $7, Nubiana 4x4 $8.
STRAWBERRIES-Stdy. Calif. via air
12 Pint trays ex. large $8.40-9.
WATERMELONS-SI. Stgr. NC & SC
various varieties per lb. 17 lb. & larger
4-3/4-c, mostly 5-51/2c.
VEGT A ETSea fooprices
Whole prices at Bdtimore. Unless oth-
erswise stated prices in cents per pound
for stock of good merhantable quality in
the usual wholesale quantities and cover
sales on original recei-ers on yesterday's
market.
FINFIgI
Supply moderate, dmand moderate,
marketabout steady bt not sold out.
BUTTERFISH-Suppl' moderate, de-
mand moderate, marke about steady but
not sold out. New Jerse mixed 30-35c.
CROAKER-Supply moderate. demand
moderate, market about steady but not
sold out. North Caroina & Virginia
mixed 25-30c.
FLUKE-Supply mocerate, demand
moderate, market about steady. New Jer-
sey & Rhode Island .iumlo 55c, large 38
-40c, medium 30-32c.
HAKE-Supply moderate. demand
moderate, market about steady Massa-
chusetts some 22c.
MULLET (LISA-Susolo moderate
with carryovers demand eight ' market
dull and not sold out. Florda ask 10-12c.
SEA TROUT, GRAY (WEAKFISH)-Sup-
ply moderate, demand moerate, market
about steady. New Jersey & Virginia
pans t5c.
SPOT (LAFAYETTE)-Sunoly moder-
ate, demand moderate, market about
steady. North Carolina & Virginia large
38-40c, medium 28-30c.
WHITING-Supply modeate, demand
mcdlerate. market about steady but Pot
sold out. New Jersey & Rhode Island
some 23c.
SHELLFISH
Supply moderate demnd moderate,
market about steady but rot sold out.
CRABS, HARD (BAKET)-Supply
moderate, demand moderate, market
about steady but not sold out. Maryland
& Virginia large males sine $15.00, med-
ium males $10.00. females 37 00O.
CRABS, SOFT (Dozen)-Supply moder-.__
ate, demand moderate, market steady.
Maryland & Virginia jumbos $3.50.
primes $3.5, mediums $2 50.
CRAB MEAT-Supply moderate, de-
mand moderate, market about steady but
not sold out. Florida & Georgia lump
$3.35. mixed mostly flake $2.25.claw
$2.25. North Carolina lump $3.25. An
prices according to pack and quality.
SQUID-Supply light, demand moder-
ate, market steady. New Jersey & Rhode
Island 35c.V LA-TI BL' L CHINESE CABBAGE-Supplies light.
ARTICHOKES-Supples light. Calif. 7" NJ 4/5 bushel crts. 3s50.
cartons 24-36s $6.50-7. CORN, Sweet-Stdy. Crates 4-5 dos.:
BEANS (Lima) : Supplies light. Md. NC Yellow 3.50-4. white -4 50: Va. white
bushel hamp. $8.50. $4-4.50, fair qual. 52.50-3.
BEANS (Sna)-Stgr. Round green CUCUMBERS-Stdy Sid. bushel arts.
type bushel hamp. & crates: Md. few 6:,& bkts medium 54-6. nos $5-5.50, '/2
NY fey- $7. bushel hamp. medium 2-2.50, fair
BEue s 2pp l .light. Md. crates ual $1.50, cartons waxed medium $7-
buce 2 2.25-2.50. 80,msly $7.50-8. fair qual. $4-6,
BROCCOLI-Suolies light. Calif. car- mostly $4.50-5.
tons bunched 14s $.75-. EGGPLANT-Stdy. Fla. bu. bkts. & 1-
CABBAGE - Stdy. Md. 1/ bushel crts 1/9 bushel crts $6.
Domestic Round medium-large $1.75- ENDIVE & ESCAROLE-Stdy. 1-1/9
2.50. mostly $1.75-2. bushel crts.: NJ $2.75: Ohio $2.50.
CARROTS, TOPPED-Abt. Stdy. Calif GREENS-Stdy. Md. bushel bkts. &
master containe.rs 48-1 lb. film bags car- celery crts. Collards, Kate. Mustard. -
tons "6-6.75, fair nual. 15.25-5.50. fair Rape 2-3 mos. $2-2.50. Turnip Tops
cnd. $3-1.25, loose large 50 lb. sacks $2-3.50, mos.$2 50-2.75. Repack cartons
15-5.75, mos. $5-5.50. film bags 12-10 oz. Kale $3.40, 8-1 lb. Col-
CAULIFLOWER-Supplies light. Calif. lards $2.25.
cartons film wr . 12s.6-6.50, 6s $5 .5. LETTUCE-Stdy. Iceberg type cartons
CELERY-Stdy. Crts. Pascal: Ohio 24s: NY fair qual. $3.50-4; Calif. $5-
23/2-4 dos. 16-7, mos. $6-6.50; NY 21/-I 5.50, mos. $5-5.15. fair qual. $4-4.50,
dos. 6.25-7; Calif. 2-3 doz. 18.50-9.25. fair cood. $1.50-2. Romaine-1-1, bushel
mos. 8-8.75. crs..: NJ $2.25-2.7s5; Ohio $2-2.25. Calif.
2/I crts. 24s $6.50.
MUSHROOMS-Pa. 4 at. bkts. med-
ium-large $3.25. few $3.50. small-medium
Baltimore list s2.50.
ONIONS, Dry-Stdy. 50 lb. sacks Yel-
lows U.S. No. 1 (unless otherwise stated)
Corporate Stocks Clf Gaojmb 42547,farod
con. 2-.:0 :exs Gansjmb
STOCK Div. Bid Asked $4.25-4.50, medium $5-5.25; NJ medium.
Allegh. Bev. cv pf C . .36 3 4 15-5.25.
American Insulator Co .80 18 21 ONIONS. Green-Sidy. NJ 4/5 bushel
Baltimore Baseball Club 7 10 crts. bunched 36s $4, Ohio bkts. bunched
Baltimore Bus. Forms .40 43/4 5% 24s 2. Calif. cartons bunched 48s $5.50.
Baltimore Orioles, Inc. 7 10 PEP E S-Abt. stdy. Bushel bkts.
BTR Realty, Inc. 73/2 91/2C.alif. Wonder type: NC large $3.50-.
Biospherics 13 16 inns. $4. medium 13; Md. extra large
Campbell Chain . . 1 4 23/14.75-5, medium-large $4-4.50. small,
Con~bined Properties 8 93/s 13-3.50.
Comw. Nat. Realty Trust 3.96 5 53 POTATOES-Abt. stdy. 50 lb. sacks
Electronic Modules 1% 2% U.S. No. 1 Size A washed (unless other-
Facaner Co .08 910 wise stated) Round Whites: Del. $2.75-
Gen. Real Estate Shares .40 31/a4 4/ 3.25. mos. SI; Va.. $2.50-3, moe. $2.75-3;
Hittman Corp........... .. 31/ 4 Calif Long Wites $4--4.5-0, fatr rood. 18.
KapoknTree Inns ...........2 33 50 lb. cartons count 80-90s $8 .50-9.2 100-
Kirk Corp..... . / 120s $882 ;Texas Round Reds $4-4.50.
Koger Proosries .... 8 /4 93/4 RADISHES-Wkr. Ohio Red type car-
MediralaSeryices 10 2 23/4 tons 10-6 or. film bag 11.50-1.75,bkts.
Metridata Comput Inc. 2/ 33/4 bunched 12s $2.25-2.50. whise cartons 24-8
Nationwide Check Co 3 33 oz$.
ParksH .H"G . 1 2 haSQUASH-S1. Stgr. Md. 12 bushel
Philips Lamp N V. 445 1 11 hamp small-medium white $2-3.25,
Preston Trucking Co .28 21 23 mostly .75-3, yellow straightnecks &
Prodution Opera Inc.. 15 17 Zucchini 12-3.25. mostly 2.50-2.75,
Ryland Group . 5 57l large & Poorer lower. NJ 1/ebuer el
Schlutderberg-Kurdle Co 1.40 22 25 hemp, small Yellow & green few $3.50.
Small. P. A. & S. ... 48 71/2 81/ SWEET POTATOES-Apt. Stdy. La. 50
TranscoBInc.k.......1.12 9 9ks .lb. cartons Porto Rico type U.S. No. 1 $8.
waited Cons. Indus.. 10 1 2 US.No2 $6.
Waverly Press ......80 91/2 0l's T~OMATES-Abt. Stdy. Bushel bkts.;
Western Md. Railway. 9 14 Va. large-seralarge $-8, mostly 16-7,.
Westminster Corp . 811/3 Fe
aPlus 5 per cent stork dividend, both hmpereum
*ae mpeerrs Md. large-extrale$2.50-
paid ast ear. ____4.50. mostly $3-3.50, medium52-2.50. 30 -
lb. Cartons green, furnisng & riper: caur.
Bank Stocks 5-,6 & lgr. $7.56. 6x6 $650; Md. 5x6 & lgr.
1$-0 66$.50. 6x7 5.5;. Repackcartons 10
Div. Bid Askedi tubes 12 or cc more fs 2 25-2.75, 20 lb.
*Carrollton Bank ... 1.00 351/ cartons extra large $5.25-6.50, large
**-Equitable Bancoro .20 29 3i1 $.25-6, medium-iargf: $4.
First Nat Bank of Md 1.28 20 21 ____________________
Maryland Nat Corpora .68 20 21
Mercantile Bankshares .84 11 / 12 Foreign e c a g
Mere Bkshrs 18 Dfd . 3.00 35 / 371/2______________________
Suburban Bancorp 1.20 163/4 17 / ..
Union Trust Bancop 1.38 20 21 / New York (AP)-Yesterday's foreign,
*Plus 10 per rent stock dividend. exchange in dollars and decimals of a
**Plus 5 per rent stock dividend. dollar, New York prices,Insurance Stocks
Colonial Life Insurance .28 9
Chesapeake Life Insur .24 27/
First Feder Life Insur .34 8%/
Home Benef Life Insur .64 17
Monumental Corp .42 13%/
Monumental Corp ofd 2.00 32
National Old Line Insur .20 27a
Philadelnhia Life Insur .40 11
Trans World Assur Co .. 4 /
Variable Annu LifeIns .. 71
Mutual Funds
Chesapeake ... .......... 2.81103/;
31
111/2
19
141/
35
31/a
75/
2.81Argentina <peso) .1025; Australia(dll
larn 1.49.25; Austria chillingly ) OS6; Bel-'
gium (franc) .026800; Brazil cruzeiroo)
.5470; Britain (pound) 2.3910; 30 Day F-
lures 2.3923; 60 Day Futures 2.1895: 90
Day Futures 2.3840; Canada (dollar)
1.0278; Colombia (peso) .0196; Denmark.
(krone) .1710; France (franc) .2145; Hol
land (guilder) .3870: Hong Kong (dollar)
.2000; Israel (pound) .2400; Italy (lira)
.001570; Japan (yen) .003420; Mexico
(peso (.0801; Norway (krone) 1870 -Por-
tugal (escudo) .0450: South Africa Randd)
1.5100; So in (peseta) 0176; Sweden
(krosa) .2315: Switzerland (franc) .3420;
Venezuela (bolivar) .2350; W. Germany o
tdchmark) .3955.Port shipping news
Arived July 25 Military Ships In Port
ATHLON (Or.). fr. Emden, w/coke; Can- DE AGOSTO (Co. (ARC 7). fc. an unk..
nor, at anchor. dks. P. Covington Ore. nownport, repairs; Master. at Beth.,,
ATLANTIC CHAMPAGNE (Fr.), fr. Le Key Hwy.
Harve, via N.Y.. w/containers, SOUTHWIND (USCG). fr. an unkcnown,,~
ldd/contalners; Scarlett, sailed. port, layu : Masters at Curtis Bay.
CAROLINA (Li.). fr. Foreign. via New- STEINAKER (U~s) (DD8O3). fr. an un-
port News, w/genl., ids./geol.; Rice. known port; Master. at USNRTC. FT. 'Y'
Unruhi, at 4 Locust Pt. McHenry.
AIyd/coal; Lavino, at anchor, dk . Cur- Sailed Late July 24
tis Bay Coal.
DONALD (Li. fr. Puerto Ordar... ASSEBURG (Ge.), for Puerto Limon. ,
w/petro.; Herd, at Amoco. Wagner's Pt. Sailed July 25
ELBE EXPRESS (Os). fr. Foreign, via E bMAU (a)fo antr
Nfk.. w/containers, idd/containsrs; Lay- KENoadRs.afo anpo"
mno. sailed. EPRoads. Efo Nk
FORTALEZA,.,fr. San Juan. w/contaLEI A ETCOURIE.,for BnflRoue
ern.1id. /containers; Transam., at 10LE E0(D.,frBto og.4
Canton. SANTA CRUZ, for Barranquilla. ."
GOOD MARINER (Cy.), fr. Foreign, via ATLANTIC CHAMPAGNE (Fr.). fore
Savannah. w/genl.. ds/genl.; Furness. Portsmouth.-
at 4 Locust Pt. PAOLA COSTA (It.). for Nfk.
s. A. WELTEVREDEN (SA) fr. Foreign, ANITA (No.). for Seven Ilandsk
via Newort News, w/genl.. ldd/gsne nwnSAOLEON: (r.), for Italy
Stockard, salted. . MOSHILL (No.), for Lisbon.
SEACREST (Sg.), fr. Australia, wore; PHeONTIS (Br, for Phil.
Scarlett. at anchor, dks. Curtis Bay S. A. WELTEVREDEN (SA),for P2I f
Ore. ELBE EXPRESS (Ge.), for Phil. ,
T. L. LENZEN (Li.), fr. Foreign, via Due To Arrive Today
Perth Amboy, w/stro; Herd, at Con- AMERICAN ACCORD, fr N.Y..
oco. w/cs tankers, Id/containers; U3. ,
Lines, dks Dundalk.
In Port DFo LTADRECHT ( No) r r dForeign,
ADEU N(Br). fr Everton, w/bauxite; ids/grain; Maer.
MARE DORICO (It) Nr Italy, lds/coai
Scarlett, at 4 Pratt, shis to P. CoE- Lavino anchors. r
AnCANOAWN, fr Foreign, via Nfk. MEIKO MARU (Ja), fr Foreign,,,
AFRICN DAW, frForein Locustfk w/cargo; Rice, Unruh. dks Dundalk.
w/geni, lds/geni; Farrell. at Locust MINERVA (B), fr S. America, via Phil,
Ft., scheduled to sail late yesterday. wgn dsel;Rc.Urhdk,.
ATHENS DAY (Cy), fr Noumea, w/bulk D/ kal Id/e Rice. Unru, dks
cargo: Herd, at Rukert's Lazaretto. MORMACLYNX, fr Phil.w/gent.
Scheduled to sail late yesterday, is/gsnl; Mormac. LB N) r Beehvn R AUN( ,dks Dundalk.
BELOBO (No), fr Breerhaven, ORE SATN (.fr PuertoOrdaz,
ide/grain; Maher, at 7 Locust Pt. , oe oroLly dks Canton Ore.
BEIHI'LOR, fr Palua- w/iron ore; Inte- w ORe TITN dPuertLOrda
OR IA L) rPet ra.ocean. at S. Pt. Ore. w/ore; Norton. Lilly, dks Curtis Bay,,
Ch, sn~ n./NG (Pa). fr Foreign, via Or
Phil. w/gent & suear, Ids/genl Maher, PIONEER CONTENDER, fr N.Y
at Amstar. w/contaimere, lds/containers: US Lines,
CONTINENTAL SHIPPER (Li). fr Mas- dks Dundalk.
inloc. w/ore: Srarlstt, at Curtis Bay PRESIDENT PIERCE, fr Nfk, w/geni,'
Ore., scheduled to sail late yesterday. ids/genl; Hinkins. dks Locust Pt. -1,
GLOBTIK SUN (Br.). fr Aruba, repairs, T. /F..:AS . xCIMPLES (Or).fr Fosr4
Exxonn at Patapsco Tank. Buhnaeign. w/pstro: Exxon. dks Exxon. x
HERCULES BUNKER (Li) frBhanan Today
D eC D CnlT dyw/iron ore; Interocean. at anchor, dks D eC&D Cn
So. Pt. Ore. CONCORDIA LAGO (No). fr Foreign. via;.
HILLA (Brt, fr Foreign, via New Or- ' Phil, w/ genl, ds/genl; Herd ,dke P..
leans, ilds/gent & KD's; Penn-Md., at 1 Covington.
Clinton. tIOEGH MARIT (No), fr Halifax.
KALLY (Tw), fr Foreign, via Boston. (Pi), fr Far East. via Phil. w/genl
w/sugar; Terminal, at Amstar. PHILIPPINE PRESIDENT OSM NA
LESLIE CONWAY (Pa), fr Foreign, re- (Pi). fr Far East, via Phil, w/zenli
pair:Lavin at Bet dt. .M'Hes- lds/genl; Stockard, dks 8 Locust Pt.
mar, at So. Pt. Pennwood, shifts to Due Cape Henry Today
Dundalk. PIONEER CRUSADER, fr N.Y.,
MIKUNISAN MARU (Ja). fr Foreign, w/containers, ids/contalners;rUS Lines.
wore; Connor, P. Covington Ore BLANCA (No), fr Foreign. lds/grain;
MOBIL MERIDIAN, fr N.Y.. repairs; Maher.
Mcb il, at Md. Shipbidg & DD Co. FOSSUM (No). fr Barry, U.K.. w/coket"
MORMACSCAN, fr New Orleans, Conner. dks P. Covington Ore.
ida/geni; Mormac, at Dundalk. MAIPO (Cb). fr Chile, w/genl, ids/gene.
OcD*".a HAtSr ION, fr Jacksonville, re- Herd. dks5F. Covington. /
pairs; Scarlett. at Beth. Key Hwy RED JACKET. fr Savannah,.
RIMAC (Pv), Ir Cristobal. w/gent & co- w/containers, lds/containersa; Exo
per. lds/genl: Sockard, at i1 Canton. dks Dundalk.
PUERTO ROCCA (Li), fr Rio de JaneiroIu aa
w/ore; Herd. at anchor. dks P. Coving-Du C&D Ca l Tomorrow
tonOre MARINE FLORIDIAN, fr Foreign.
RONDE (Br). fr Ecuador. w/bananas: w/chemicals; Cottman, dks Mathieson
United Brands, at United Brands. Chemical.
SANTOS (No). fr Foreign, via Nfk, ce- SAKUMO LAGOON (Oh). fr Foreign. via'
pairs.is/gent: Stockard, at Md. N.Y,. w/genl. Ids/gent; Herd, dks 1
Shipbldg. & DD Co., shifts to 8 Locust lnton.BARBARA, fr Philw/gen
SEAMAR. ir Foreign, w/lumber; Cal- 1s/genl; P-Grace, dks 11 Canton.
mar. at Beth Key Hwy.
TRAVIATA (No.). fr Foreign, via Phil. Due Cape Henry Tomorrow
w/genl,Ids/genl:cScariet. at 4 Locust ADOLF LEONHARDT (Oe),frt reece
Pt. ide/coal; O'Connor. dks Curtis Bay'
TYCHOS (Or). Foreign, via PerthI Coal.
Amboy, repairs; Lavino, at Md. Ship- CHIRIQUI (Du) s Forego.w/bananas;
bldg. & DD Co. United Brands, dks United Brands.
vALVANUZ (Sp), fr Spain, via N.Y.. CIUDAD DE ARMENIA (Co), fr Cristo-
w/gent, lds/genl; Herd. at 5 Locust Pt. hal. w/gent, mail & bananas, lds/genu
WORLD NEGOTIATOR (Li). fr Foreign, Penn-Md.. dks 1 Clinton.
Is/coal; Connor, at Curtis Bay Coal. ESSO DANMARK (Da), fr Aruba,
Bay Coal. w/petro; Exxon, dek Exxon.
zOE COLOCOTRONI (Gr), fr St. Croix, MARACAIBO (Ve),fr Venezuela, w/gen'
w/oetro; Hinkins, at Hess Oil. ia/gsnI; Stockard, dks P. Covington.
RONAVILLE (No), fr Foreign, via Perth
Inactive Ships In Port Amboyw/petro;Herd. dks Conoko.
Ii ot ,SKYLARK (Li), fr Germany,. w/coke:
INDEPENDENCE. (cruise ship). fr N.Y., Connor, dks P. Covington Ore.
laid up: Atlantic Far East Lines, at TAd.ARON (Li). fr Macapa.w/ore
Md. Shipbldg. & DD Co., Herd. dks Curtis Bay Ore.(
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[Barbara Jordan Scrapbook, July - September, 1974], book, 1974; (https://texashistory.unt.edu/ark:/67531/metapth616583/m1/22/: accessed May 21, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Texas Southern University.