High Point Enterprise Newspaper Archives Apr 26 1974, Page 34

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High Point Enterprise, The (Newspaper) - April 26, 1974, High Point, North Carolina 2a High Point Enterprise Friday april 261974 business and financial news Stock Market report warnl72a 18222 was we t 17 wnalrl40b 4212 6112 6 74 westgei97 11 245 34a 33 a 18 Lla a Lla 11 Lla 22 22 12 12 19a 19 a a fms asked Wachovia for new York a a new increase in the prime lending rate helped Cut Short a technical rally in the Stock Market today the Dow Jones average of 30 industrials which had been up almost 8 Points in Early trading was ahead Only 164 to 82932 at am advancing issues maintained an 8to3 Lead Over declines on the new York Stock Exchange trading was brisk at the outset then slowed Down late in the morning new Yorks Franklin National Bank posted a Hal Point increase in its prime rate to an unprecedented 11 per cent Alcoa was the big Board volume Leader Down at 48 after a Blalock of 100900 shares changed hands at that Price Glamour issues showed some strength ism was up at digital equipment gained 2 to Texas instruments was up 1 at and magic investment added to29r Oil service photography and Forest products issues were also higher Ryder system which reported higher first Quarter earnings accelerated 1 to on the american Stock Exchange the mos Active Issue was Wichita industries unchanged at 2 syntax also Active Rose a Point to 48 Viz the Ames Market value Index was up 51 to 8935 in the first hour of trading the 11 am nose composite made up of More than 1500 common stocks stood at 4787 up 34 cstertrl60 m cbs146 ii u celanese2 s 31 cencolnc20 7 14 censowi12 7264 Cerr Cpl 2 26 certteed60 cessna90 11 29 6 3 chesste360 6 46 47a chlpneut2 7 30 25 Chris Craft 48 3 3 chryslrl40 3139 1656 citfin20 7 38 Citicorp 80 17327 ci5iessv220 8 17 clveiiii240 9 25 59a 59 59 35 35 a 32a 31 it 11 17 6a 13 18a Lla 13 17a norsim30 nwstalrl45 t 59 23 22ft 22fta nwtbncl60 14 7 57 57 57 Norton 150 6 2 27 27 it 8 62 14 13 00 4142 10a 10 10v 17 9 28 18 8 8 19 6 73 14 5 2 95 6 18 35 4 58 7v 16 18 49 Eccl pet ohloedl60 oklage134 oklang140 Olinc Rpss omark36 otiselvz20 outmarl20 owencn88 it a 13a a 18a 18a 46 a 25 25 3 a 3356 33 40a 40a owenllj160 46 46 a 28a 28 pacgasl88 coracol203 29 129 106 105a 105aw pacltgl68 9 23 18 colopat59 19 99 26a 25a 26 a pacpelrl60 15 17 27 a 75a 75a 75a 28 28a a 26 25 26 it 30a 30a a 13 12a a 19 19a 23 23 23 a 19a 19 a 6 6 it 24a 23a 24 a 32 32 a 37 36 37 1456 14a a 30 29 35 35 35 it colgasl98 6 45 combei80 18 22 comlsol80 12 11 comwe30 8 48 com sat 80 coned45p confdsl35 conngs210 consupow2 cont Airun cntcanl60 cont cp240 contolll60 conttel92 control Dat cooplndl04 7 47 6623 7 27 7 15 9 69 173 7 10 6 18 6139 8 59 8 81 8 11 pack wow pactt120 pan Amair panhep2 Pas conc percent penndx20b 17a 17aa 18a 18 14 14a 9a it 35 35 it 16a it 48 a 6 30 38a 38a 38aa Fqy 6 75 22a 22 22 a 18 18a 26 56 19 a 15a 4a 28a 15 2 5 69a 18a weyerhr80 15 202 44 43 whelfry40 11 2 15a 15 15 whirl Polo 11 31 25 25a a White mole 4 18 12 12 12a Whittaker 41 2 2a 2 wmscos40 10264 50 49 wlnndxl26 16 26 40 39 a win Rubago 39 39 69 6 6 wdwthl20 5p9 17 16 w Xerox Cpl 27 62 109 107 zenithr152 9 8 24 24 a press 1974 28 9 34 90 6 21 7 14 81 17 corngu2a 20 4 pc lntl86 10 23 crouhin60 10 1 Crown Cork 11 14 crwzelm60 8 25 Curtis Loe 10 36 795s 79a 56 18 18 18 a 21a 21a a 36a 36a a 10 10 a dartlnd40b 6 5 17 17 daycol14 4 3 13 a i daytpl166 10 52 17 17a a Deere 140b 6 67 39 38a Del int 120 6 17 20 20 20 deltaair60 11 187 49 48 dennys06 9 37 9a 9a a detedisl45 9 109 14 14a diamshl20 7 36 25a 25 33 33 43 43 1a 17 17 61a 61 42a 16a 19 15a 4a 28a a 2 Penney 116 21 55 69a papwltl68 7183 Pennzoil a 7127 23a pepslcoi20 17 65 59 58a pflzer68a 18264 36a phelpd220 6 65 39a phllaem64 8358 1456 philmorl40 17 90 96 phillpetl40 16186 Soa Pitne Bloe 8 173 9 polarold32 36232 58 portgel52 7 34 17ft ppgindl70 6 35 26 proct g 180 23 188 90a psvcoll20 7166 7749 9 6 psvegl72 publckr241 pueblol30a pugspll98 pullmnl50 puritfsh28 a 25 a 43 a v4 61 42a 42vj 15 a dillo Colb 15 2 disney12b 26 169 diverse Dan 5 3 drpeppr26 32 42 Dow chem 18329 dresserl40 12 25 dukpwl40 8 66 dupont575e 13 39 171 169a duqltl72 8 24 19 18 18a be Easta Irlin 71 6a 6 a easkol29a 25243 105a 104a a eatonl80 5 33 27a 26a 2656 echlin38 18 6 26a 26 a Nipa Soglo 6 22 12 12a it eltracpl50 5 2 24 24 emerel70 26 37 42va Esmark 6 23 28a 27vj Ethyl Pla 5 39 27 25 it evansp40a 6 25 9a 9 exxon440e 6172 78 a of faircam60 8244 51 50a fedders50 19 26 7a 16a 16a Soa 29a 10a Lovs 16ve 15a a 13 51 51 15 15a 21 21va 19 18 Iba 17a 7 7a 5387 11 80 filtrolcp60 6 1 Firestone s 38 fstchar91t 10 8 18 5 flapowl95 flapwl122 fmc92 fdfair20b fordm320a Soa 7a 5 7 8 47 new York Exchange new York a new York Stock Exchange selected noon prices Satori nit be hid High Law chg a Abbt lbl32 15 12 55 55 acfind240 10 29 45 44a 45 and millls20 7 2 4a 4ava addrsso60 558 7 7 81 55a 55 s5a airprd20b 22 17 51w 51 51 airco80 6 19 12 12a 12aa akional20 6 3 21a Alc Nalua Al 86 35 34a allegcp36e 11 22 love 9 a allglijdl40 5 14 28a 27 28 a 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a 1756 1756 44a4 8 a 6262 30a it lnoerr232 15 56 75 74 a lnlndsii240 6 21 31a 31a it Intel Ilaoa 4 1 24a 24a 24a ibm512 19 133 224a 222a in Tharlson 5 42 25a 25a a into Inch 10 92 36 35a int Nickle 8x46 32a 31a into Aplson 12163 48a 48a 5226 22a 21a lwapsvl48 9 19 a 17 Ite corp 13 67 12 11 jewel c 166 10 8 40 40 7 3 Idaho pi86 Ideal Basic iiicentl30 Imp Pam inacp22le 31vh 48a 22 a it 40 Avnet Lnch 4 43 a 7 b it avonpdl48 18413 4x 43 43 b baby Kobo 12 49 26 25 balge196 6154 20 20a a Rauschl 42 11 266 28a 27 a a beatfds65 12 36 20a 20 k beckmn50 18 1 34 34 v it Bee Carso 5 10 Sava Bell how84 5 s3 20 20 20 a bendixl80 6 16 27a 27 27 it Kellogg benflcpl25 5 46 17 a a bengtb95t 10 26 4 3a a Kerr it bethstl60a 6 39 32a 3a 31 Kimbri blockhr32 10 13 11 Lla Boeing 60 6 37 14 14a Vij boisecas25 5277 17 17 u it bordenl20 10 97 2456 24a Vij brgwarl3s s 19 18a bristm152 14 71 46 46 t britpet35e 6 68 12a 12 12 brunswk32 6 52 15a 15 a buc Yeriel 14 11 27 27a it Bud Coso 3 16 10a 10a a bulovaw70 5 4 11 11 11 bunkrra40 7 15 6a a burllndl60 6 10 2456 24 a burlnorl50 7 47 40 40v6 it Burgh so 30 72 195a 193a c comp Soa 34 34 76 74a Camps 1 18 14 44 35a 3456 35 a caropwl60 7192 a a carrcp52 7 59 Lla 11 11 cartwa40a 25 7 7 7a a castlec60b 7 12 13 a a the High Point m 4 u established 1884 published every mad Dwe 13 74 26 9a 8 and sunday an Independent Cor 90 40 a it published the High Point Enterprise to 210 Church Avenue High Point no mcdond40 5 56 7 16 16 member of the associated rates by mail payable in Advance Tyr 6 to 3 to 1 sh46 Merck 140 Mem 26 31 123 b Soa 78 a 12 doily and sunday 51820 s910 midsutl20 18 6149 13 a a sunday St Foo by wkly monthly mail subscription in no to r nor u 10 v6 Jet to 4 sales the associated press is entitled to the use for reproduction of All 7 n nows printed in this newspaper As Well As All a nows dispatches err cred As second class matter at port office High Point no under act of March 3 1879 second class postage paid at High Point no All carriers and distributors Independent contractors and the High Point Enterprise inc is not for Savance subscription payments made to them or their representatives for Home delivery rate Contact your Loco Carrier War Griffith company National advertising representatives 28 5 Nat Gyptos 7 natlnd15 6 21 Nat Semion 162s7 it steel 250 6 11 natorrus25 nevpwl40 tenge lots newmtl60 Ali Mills no ind i Norfolk was noapml20 n ngbs270 7 92 5 4 65 6 61 t 6 5 39 9 19 6 u 30a 30 a 12 12a 12aa 13 a 63a so 49a 17 17a 3 3 5 Sasa Sava 7 6 23 23 23 9 73 55 54 6 31 4a 4a quaksto58 15 3 21a 20 a or ralstonp80 16 77 41 40a rancoln92 4 1 12 12 Rapi Daml 76 13a 13 raythen70 10 52 33 rca1 7275 1656 16a Vire Adco 1 a 1a Reg Latex 13 14 24a 24a reicch40a s 10 11 10a 1056 rep Stillma 4 26 23 Revlon los is 13 51 reylnd268 7 94 7117 8 5 5 22 8 7 9 6 4321 sales figures Are unofficial unless otherwise noted rates of dividends in the foregoing table Are annual or semiannual declaration special or extra dividends or payments not designated As regular Are identified in the following footnotes a or extras rate v6 plus Stock dividend Divi a Send or paid in preceding 12 v months or paid after Stock a dividend or split up or paid this year an accumulative Issue with it dividends in arrears issus paid this year dividend omitted deferred or no action taken at last dividend 35 Yaj 38 i2 months plus Stock dividend a 14 estimated 95a a Cash value on a dividend or Eydi Strimbu 49 a Hon Date 9 it in full 56a 17 a Send and sales in full Dis Tribu 26a it Tion rights War tribute issued Day delivery bankruptcy or receivership or being reorganized under the bankruptcy act or securities Assur ried by such companies Issue to in Terest equalization tax w i n s t 0 Salem no f Watlingtonjr chairman of the Wachovia corp has confirmed that Maurice stans chief fund Raiser for president Nixon reelection Campaign unsuccessfully solicited an illegal contribution of from the Bank holding corporation in october 1972 he confirmed such an account published in fridays editions of the Winston Salem journal the newspaper said its sources Are close to the Cam Paig financing aspect of the watergate investigation Watlington confirmed the published Story but declined further comment the newspaper account said Watlington rejected stans request and told him corporate contributions were prohibited by Federal Law stans had told Watlington North Carolina fund Rai Sers had fallen about Short of the500000 Campaign goal for the state arid that a Wachovia contribution was needed As soon As possible the meeting Between stans and Watlington was arranged by Robert Lassiterjr of Charlotte Deputy chairman of the North Carolina presidential committee Lassiter confirmed he had set up the meeting but he said he had done so at the re quest of reelection com Mittee officials and had not participated in it he said he had done so because the chairman of the presidential finance committee in the state Patrick n Calhoun also of Charlotte was out of town Calhoun said Friday that stans had visited corporate officials in several cities he declined to reveal their identities stans former Secretary of Commerce and former atty Gen John Mitchell Are on trial in new York City on charges of conspiring to impede a securities and Exchange commission investigation of financier Robert Vesco who had contributed to the Campaign secretly Mitchell was chairman of the com Mittee to reeled the president judge halts Bush Nixon in s Tilin the truth tactics Rey Metso rid Derw rockwllnt2 rohrlnd90 Royc Colm royld264e 12 51 14 10 35a 35a matairl40 s428 17a a natcan4s 4 17 9 9 9 ncashr72 11 101 36 36a 36aa Naudi Stulll 6 23 15 us 15 5 15 20 20a 13 12ft 126a 4a 4a 18 17a 34 34 a 47a 45a 19a 1bv6 a 16a 16a a not 26 14 it 20 41 12 13 156 24a a 23 is a 51a 42 41 a 24 23a it 13 it 26a 26a 14 6 14a a 32 32aa 19 20 is safewyl60 11 68 41a 41 a stjoemi60 8 14 37a 36 stlsaf250 6 2 29 29 a stregp120 9 23 28a 28a Sand Sasso 6 67 4a 4 sfelndl80 7 81 31a 3056 3056 sanfelnt20 20 76 26 25 a schergpi60 32 145 67 66 it scmcp40 4 40 Lla a scoaind60 7 20 6 6w a scottpap56 9158 16a 15 it seat lbs 4 63 26a 26 26 a searleg46 17 56 22 22 searsl60a 18127 82 80 shellon240 8 28 50 49a a shellt102e 4 4 22a 22 it Sheri wm2 8 10 38 signal60b 2201 19w singer260 6 54 31 31a 31a 5mithkline2 13 4 49a so sonycp09e 18 146 27a 26a it 15 15 47 new York new York a Neon new York Stock Exchange Index Market cent transport Avion f h3093009 finance5612012 do Jones 15a 17 15a 47a 31a 42 37a a 30 825s 82 82 a 52vi 52 a 2756 87a 52 54 43 44 scareg148 9 35 socale168 5393 southcol40 7553 sonresl50 8 24 soupac216 b 24 31 soury192 9 66 sperryr66 12354 38 squardl10 20 29 31 Squibb 162 22 46 stbrandlb3 14 13 stdoilcal2 4208 281a stolllnd320 10 124 89a stoilohl3626138 54a slauffcrim2 7 24 44 sterdrug65 in 69 25a 24 stevensjp2 4 24 27 27 stuworl32 3 4 31 31vz a sunoil98r 6 19 42 42 sys Rondon 5 7 6a 6 it tampae96 9 21 14a 13 it tektronx20 16 11 40 it teledyn40t 4 26 12a 12a it Tele prompt 28 67 5 Tel exp 31 2a tenncol44 6114 tesorop24 5282 22a texaco2 4305 27a texetrl70 8 80 32 31 texasglf76 8 81 27a 26a text Natl 25236 101 98 textronl10 7 59 21a thiokol50 5 135 15a 6a a 13 10a 8 22 17a 7 301 ndustrials82595173 37 a 20transportation 19 it 7854026 65storks25400075 Bonds 40bonds 6994005 ils 5045005 lose cond Grade rails 10 Public utilities 8598ou 10 industrials 7701 unch it it 15a it 42 w a Stock 27 thriftdg40 7 7 timemir40 b 10 time Noboa 6 9 Toddish ipod 14 1 trans Wair 14291 transam59 7 132 tricon276e 38 try lnl12 6295 twencen20 9 10 21 14a 6 13a 30a 13 10 22a 17a 7 compiled by the associated press 30 15 15 60 ind rails util stocks noonfri4212 1450 929 2650 Prev Day 4200 1447 928 2644 a week ago 4365 1523 1013 2780 month ago 4330 1536 1050 2789 year ago4741 1472 1260 3014 1974 High 4587 1777 1100 3008 w4 Low 4168 1447 928 2644 1973 High 5327 1847 1463 2469 1973low4059 1255 979 Bond averages compiled by Tim associated Prthu 20 10 10 10 10 rails ind Tull fun Lyd net change noon Fri 518 770 851 983 749 Prev Day 518 770 month year ago 529 1974 High 532 1974 Low 518 san Francisco a police tactics of stopping Young Blacks on the streets of this City in a fruitless search for the killers of 12 Whites have been ordered stopped by a Federal judge police said they would abide by the ruling but continue their manhunt Only hours after police had issued revised guidelines which would have Cut Back on the number of searches in their massive Zebra manhunt us District court judge Alfonso Zirpoli issued a temporary injunction against them thursday by that time searches had been performed on about 600 Young Black men who fit one of two composite sketches of the persons police believe responsible for the random unprovoked shootings of 18 Whites since last november six of the victims survived we will continue our operation Zebra staying within the constitutional limits As described in judge Zirpoli order production 2a 2a 21 a 21a a 27a 31 26a i it 13a it 13 a 10 a 22a it 7 1973 High 539 ualincl2e 8 103 25a 24 1973 i of 51 6 ump ind i 53 12 12 is uncarb220 7170 38a 38 38 13 38a a 77 77 a 8a 26 7 a 7a 7aa 20 a 19a it 7a 7a 42a 42a 14a it 14 it 64a 66a 24 a 782 840 811 770 854 780 851 983 751 853 982 750 862 982 763 boo 990 790 882 987 780 851 982 750 893 996 822 852 963 742 in elecl28 8 69 14 unocall98 6108 39 upaccp240 12 60 78 uniroyal70 5528 4 28 uni brands unitcp75e unmm140 usgypsl60 us ind 72 ussteel2 unitell04 27 7a 20 19a 8 43a a 15 26 132 68 4 100 37 35 1 24 24 Varlan Lse 9 28 10 vendoco40 836 6a veto offs 23 17 22a 22a vaepwl18 6 86 13a a wachova76 11 31 26 25 univoip70 upiohn96 Uvindo us ind i 29 87 4 5 6 29 4 48 7331 8 74 6 22 nationwide to address considered a 6a 22a 13a american new York a american Stock Exchange selected noon prices slits net pets High Low last Cho Apter also 7 3 34 34 Asame Rao 14 15 9a 9aa by Banster tilt 9 27 a a several options presented by Barnes eng 14 4 4 a r r j Bra canal 3 16 a a a Brewer 40 7 5 14 14 14 suites gom 16 57 22 21a 2156va is 6 10 1 1 i 6 14 u 17 a do 6 12 14a 14a 74a Washington a pressing ahead with his fight against impeachment presi Dent Nixon is considering a nationwide television address next week to present his Case to the american Public sources reported today a White House spokesman said he knew of no firm plans for a television address by Nixon but other sources said a primetime presidential of to White House advisers according to one source a Cam Chib cinerama creolep260 6a 4a a 3 6a dillardst40 Dixi Cyncor 4 6 6a Dyne Cutnose 14 22 4a 4a Essex chem 4 3 356 of Fedr Erces 15 3 256 Frontier air 4 11 6a 6 go or Ercole 18 4 1 1 4119 16 a 9 2a he huskyo30 9 40 20va 19 Impo Isoa 17 51 37a 36 it instr mss 8 1 1 1 a Vetroni Clad 312 22 Kaiser 115r 3 38 7 7a Kin arc up 20 12 1a 1a Lata radio 3 274 5 4vt Loewe heat 30 a 5 Ltd Corput 25 2 2 my medenco12 7 5 6 6 mid Steinl 2 Lla Lla no newly ram 21 9 1516 56 new Parks 8 10 2a 2a 9 6 7a 7a ils 13 3 Sasa of Ormandy and so 7 a 1 Ozark airline 7 3 3a p0 Permaner 4 3 3 3 Phoenix St 23 3 Rath pack 7 3 4 4 Reserve of 477 Staj Hamons 11 2 14 syntex40 27340 49 47 weekend on How Nixon will proceed in the next phase of his Effort to Block impeach ment moves in Congress the president faces a tuesday morning deadline to respond to a House judiciary committee subpoena for 42 tap recorded presidential conversations it wants for its it impeachment inquiry Una a a 22a 22 it us re toe Vlk Mync Vancorp us 7 6 7 7 Vav 3 2a 2a 4 is 4a 4a we Xvi press 1974 drugs agents killed in shootout Nogales Ariz us customs agents on the Border Between Arizona and Mexico were killed wednesday in a 7aa shootout with an alleged drug smuggler one was Lewis d Dixon 32 who had come Here four months ago after being stationed at Wilmington no the other was Charles j Bokinskie of Ogden Utah Dixon and his wife had three children his wife Celeste said he had seen what drugs had done to peo ple his age and the kids of friends he would never be involved with anybody in it it 456 5 a Lla a 1 a 3a 7 a 7ha 2a 4v4vi 13 a of picks up Detroit Apall but one us Auto Plant will be operating next week As car production begins to pick up but 108000 workers remain on indefinite Layoff because of the continued sales slump Many Auto workers have been jobless since january when the Energy crisis then at its Peak began to make a big Dent in car sales Industry spokesmen concede that few of them will be Back on the payroll before the 1975 Model run begins this summer Many wont be re called even then production this week reached its highest level of the year although Assembly of automobiles is still Runn ing 205 per cent behind the same week in 1973 for the year Auto sales Are Down 26 per cent from last years sizzling Pace president Nixon speaking in Jackson miss said thursday that he believes the Economy has passed through the lowest Point of the downturn and will Start picking up later this year he singled out the Auto Industry As one trouble spot where the Outlook is brightening general motors Ford and Chrysler believe their sales decline has bottomed out and have ended the Short term Plant shutdowns that have plagued the Industry since last december none of the firms however will estimate when plants will return to full capacity or when their indefinitely idled employees per cent of the big three us work Force of 700000 will be rehired Turk cording to their testimony the two women said they were told by Hubbard they would drive Back to Istanbul for a better bargain on these goods and started the trip Backoo Europe after having picked up four other american tourists All girls in Beirut the two women have con a intently denied any knowledge of the vehicles cargo Hubbard confessed that he was the Only one responsible for the smuggling operation and that the two women were in the Clear by Don Mcleod a political writer Washington a Republican National chairman George Bush said today he still believes presi Dent Nixon is telling the truth about watergate if i did not have Confidence that president Nixon is telling the truth on watergate i would not stand Here in this posture Bush said at the opening of a Day Long meeting of the re publican National com Mittee he told members of the committee that the party is considering using National television to convey the message that our party is much closer to the heartbeat of this country than the democrats we Are right with the peo ple on philosophy Bush said but lets face it we have an image problem and the people dont perceive our party to be where we factually Are Bush said election of a vet proof Congress with heavy democratic ma1 Josities would be a disaster for the country Bush also disclosed that the party will inherit any left Over funds from Nixon 1972 Campaign Bush has Long pressed for the funds which currently total million some of that will be used to pay Humphrey hospitalized for checks Washington sen Hubert h Humphrey Minn has entered Bethesda naval Hospital to undergo an evaluation of previous treatments for a tiny bladder tumor Humphrey checked into the Hospital thursday night after returning from an appearance in Pittsburgh a a spokesman said last november and december he received xray treatments for a tumor described by his physician As borderline meaning that it could not be determined whether it was benign or malignant i in january he was hospitalized for several Days to re Lieve discomfort resulting from the xray treatments Humphreys office had announced plans for his new hospitalization on april 8 pending lawsuits against the committee for the re election of the president it is appropriate that any surplus come to the inc he said we have picked up the deficits in the past and therefore any surplus after settling All claims should properly come to the National committee in defending president Nixon Bush said he will make his final judgment based on hard evidence and facts at this Point not profess ing to know All the details i remain convinced that the president is telling the truth Bush said no Man should be hound alcohol Gas mix proposed Washington a the Federal governments has a new and cheaper Way of producing Ethyl alcohol that could reduce the Price of automobile fuel As much As 20 cents a gallon sen William Proxmire Dis said today Proxmire said the us army Laboratory at Natick mass developed the process of producing ethanol from organic wastes in a letter to John c Sawhill acting director of the Federal Energy office he urged the Feo to examine the possible use of ethanol in gasoline used to Power automobiles until recently ethanol was far Moje expensive than Gas Oline Proxmire said adding this is no longer the Case while Oil prices have sky rocketed this process can Cut the Cost of ethanol from one Dollar a gallon to 20 cents per gallon Exxon from Page 1 a be says Robert Hinckley Oil analyst with we Hutton co also thinks Exxon special charge could run around million he based his estimate on the com pants declared inventory profit of million inventory profits Are the result of an increase in the value of goods kept in storage or in process in a time of rising prices at any one time Exxon has a minimum of 30 million barrels of Oil stored around the world and another 60 million barrels in tankers on the High seas de out of office on a charge unproved he added Bush conceded these Are Tough times but said that republicans Are fighting Back and Are More deter mined to win in the fall the committee convened amid Strong indications that a bipartisan committee is toward recommending taxpayer financing of the presidential nominating conventions in a prelude to today meeting committee members were entertained by president Nixon at a White House reception thursday night in a Brief speech Nixon predicted the gop would do better in november than it did this Spring in five special congressional elections four of which were won by democrats the convention financing proposal revealed thursday is somewhat surprising in View of general opposition by party leaders to Public financing of elections the proposal was considered a Likely topic of discussion by the National committee another Likely item for committee interest in or out of the official sessions was the Shock of losing the four traditionally Republican seats in the special elections vice president Gerald r Ford was scheduled to be the featured speaker in the after noon session other scheduled speakers included Republican National chairman George Bush and Treasury Secretary designate and former Energy chief William e Simon Republican r l Herman and Democrat Donald a Petrie co chairmen of the bipartisan committee on convention financing conceded at a meeting thurs Day that about the Only Way they can pay for future conventions is through Public financing Ive got to say i dont know How else to fund it Herman said i think we can wish and we can dream but we also have to be realists Petrie said it appeared Congress would repeal the tax provision that has enabled the parties to sell Conven Tion program advertisements to Large corporations to finance past conventions if any one can come up with an alternative ill buy it and your commission will buy it Herman said but it must be a viable alternative that our parties can Bank on generals ouster began premiers final decline Lisbon Portugal a six weeks ago Premier mar cello Caetano Shook the hands of200 of the country top military brass the military revolt that swept him from office thursday showed he Shook the wrong hands Premier since 1968 Caetano dug his own political grave when he ousted pop ular Gen Antonio de Spinola the Deputy army chief of staff because he advocated a negotiated solution to end the colonial wars in Africa Saeta to found he could not carry on the policies of his predecessor longtime Dic Tator Antonio de Oliveira Salazar and meet the grow ing unrest within the country at the same time the Premier reportedly agreed with Many of Spinola views but he bowed to pres sure from the conservative generals who had helped him become Premier when Salazar had a stroke in 1968 and especially to president Americo Thomaz a 79year old Admiral who had the constitutional Power to fire him and the presi Dent All insisted on Continua Tion of the 13yearold War against the Independence movements in Portugal Black african provinces Angola Mozambique and portuguese Guinea which annually gobbles up nearly 40 per cent of the governments budget along with Spinola a War hero and former military governor of portuguese Guinea Caetano dumped his Boss Gen Francisco a Costa Gomes the army chief of staff then he held a Public ceremony at which theother top men in the armed forces pledged their loyalty the firing of Spinola and Gomes and the display of conservative Solidarity con Vinced Many Young officers that the Only Way open was insurrection one Captain said when the first attempt at revolt failed a month ago the arrest of one of Spinola trusted aides and former combat comrades it col Joao Almeida Burno fuel end the resentment in the lower ranks the Public unaccustomed to political action after nearly four decades of Salazar Iron Rule played a passive role it was All a military show in a country in which for decades the military had kept the government in Power Spinola and Gomes Kepi silent after they were fired but both Are members of the new Junta and Spinola appears to be its Leader

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