Document 62ZK6RON5bQKdYRGwN8aKb59

THE KRU'GU'ORl iLI.tCRAM BRIDGEPORT, CONN. D. 12,425 JAN 28 1976 (Monsanto Plans Phaseout rOf Production of PCBs ST, LOUIS (AP) -- Mopsanjo'EPA has listed 37 other plants ftv..h.asoaunt notuhnecedprUodiunctetinodns olof ] where the chemical is used in the manufacture of trans potfchlorlntted bip enyls1 former* or capacitor*. (PCBsJ a group of chemicals, According to Fitzgerald, Mon which have been termed a sig- santo will voluntarily shut down niflcant health hazard by the jits PCB manufacturing unit ' Environmental Protectionjetton as we are satisfied that Agency. the electrical power supply in In making the announcement dustries' needs for usable, ac Monday, F.J. Fitzgerald. man ceptable alternate dielectric aging director of Monsanto In- fluids have been met .. duatria) Chemicals Co., said it He noted that Monsanto had was too early to put an exact begun reducing production be timetabia on the phaseout but fore a federal task force study that it would take place in *' 'on PCRs was completed in 1973. planned and orderly manner/' Since then, he said, Monsanto PCBs, fire-resistant chem has installed special high-tem teats used mainly as insulating perature incinerators to destroy fluids in electrical equipment waste PCBs. euch ai high-power trans The EPA ha* estimated that formers, have been shown to 700 million pounds of the nearly cause reproductive failures, indestructible chemical have gastric disorders and skin le been produced in the United sions In mammals. States since 1929. It said last Russell E. Train, tha EPA month that about 300 million administrator, said last month pounds were in use, with most that PCBi should be effectively of the remainder dumped Into controlled "with every means, landfills, leaked Into water sup at our disposal/' plies or allowed to sift into pro Monsanto It the only Ameri duction sites. can manufacturer of.. PCBs, Train said PCB levels above producing ebout 40 million an those allowed by the Food and, nually at its Sauget, 111,, plant Drug Administration have been on the^fi1sippl River. The found in fish from the Great Lakes, the Hudson River, the upper Mississippi and off the southern California coast. 1 There was no immediate comment from the EPA on Monsanto's announcement. _ HONS 032 121 uain in nice On Amex, OT NEW YORK (AP) - prices rallied at mid-se 'Tuesday from an early morning' * I slump to close higher in liruderately active trading on the Ji American Stock Exchange. The Amex market value index climbed .10 to 94.95. while ad- volume leader, was up ' to .t'i. Dorchester Gas Co. wit second, up % to lift. followed hy Government Employees ln surance, unchanged at 4-%. !|vaneing stocks led declines 301 Crane Extends'to 321 of the 1.049 issues traded. `'Volume totaled 3.4ft million {shares, compared with 4.21 Anaconda Offer'.(million on Monday. There were .nine blneka of at least 10.000 i shares traded, the same as on 'I Monday. | The average price of an Amex I NEW YORK (API Co. extended for the - Cnra third time *i common shire was up 2 cents. ;ion Monday the expiration date The NASDAQ composite Index of its exchange offer worth about *'for the over-the-counter market: 1100 million for up to five mil ; fell 0.29 to 84 76. | lion shares of Anaconda Co. a ; Leading Amex actives.; common stock. - .. Westetes Petroleum was un- The offer, which would hive ;' changed at 10*4. followed by expired Moadsv. was extended vJiSvntex Corp.. down % to 33*4. to 5 p m. EST Feb. 17. '..{Third most active. Presley Cos.. Crane's offer, originally made ; was up % to 10l4- Nov. 19. provides lor the ex The Film Corporate of change of 920 principal amount w America gained *4 point to 18. of Crane Co.'s 8 per cent sub dThe company said that ordinated sinking fund deben Panacotor, Inc., its 4ft per tures due 1985 for every share ^ cent-owned affiliate, completed of Anaconda common stock ac acquisition of the privately own cepted for tender. , , cd mail-order house. Canyon The expiiation date was ex House Inc., and affiliated com' tended Dec. 11 end Jan. i pre- ** panles. viously. / Diamond M Drilling gained '41 A Crane Co. spokesman rnd ft.point to 1**4 on fourth-quarter.aoorowmately 4.1 million Ana- learnings of >12 a share, versus ii! ***** M m mi Mia* lw ei*M eaa HONS 032122