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WALL STREET JOURNAL - March 14, 197 4
4.
:t Issues San Francisco Strike
*?d below for recent
By Municipal Unionszjrities that aren't
Goodrich to Fluid Study Of Vinyl Chloride Cancer
Who's News \
*
Yield
*d Ch*. : Stirs More Confusion
99*4 + 'A 97% - % 99 - %
98% - %
8.52 8.31 8.20
7.71 ;
By n 1V.6U, STREET Journal Staff Reporter
By a Wall Street Journal Staff Reporter AKRON, Ohio -- B.F. Goodrich Co.
said it is funding a medical research program on angiosarcoma, a form of liver cancer, and related liver diseases
LVO Corp.'s Gullatt Quits As President and Director
TULSA--E. Murray Gullatt resigned as
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8.50 I
99% _ % 6.52
SAN FRANCISCO -- This city's massive,
95% - ' B.24 j municipal employes strike muddled through;
96% 907
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8.26 | 8.34 i
its sixth day, perplexing commuters, nego
- 99 ....... 8.46 j tiators and a local judge who ordered pick
at University of Louisville's health sci ences center and cancer center.
The first year of the program is esti mated to cost $300,000, all to be supplied
president and a director of LVO Corp., ef fective immediately.
"It was a decision that I felt was in my
98% - ' 8.05 99% - % 7.83
ets arrested. State Superior Court Judge Clayton W.
by Goodrich, tile university said. "It is best interests," Mr. Gullatt, 39 years old. our goal to provide medical information j said. The company wouldn't give a reason
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Horn issued a temporary restraining order Tuesday after the city's Chamber of Com
that can be applied practically in the j for the resignation. Mr. Gullatt had been detection and treatment of liver ail- j president since 1971.
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merce filed a SI billion suit against the city and four unions. The order directed the
ments that may have resulted from j
Wayne E. Swearingen, chairman and
worker exposure to vinyl chloride," ] chief executive of the petroleum-exploration
The 52 million working capital.
city's police "to take all necessary steps . . . to remove pickets." Pickets were or dered arrested at the city's sewage plants,
said Dr. Harold Boyer, vice president ! concern, reassumed the presidency aa well, for health affairs, University of Louis the company said.
ville.
#**
s Bonds
which have since resumed operations with supervisory personnel, the city hospital and
Telephone Co. the municipal bus, trolley and cable-car sys
registered with tems. re Commission a More than 10.000 members of municipal
million first-mort- unions are striking in a dispute over wages, and other contract issues.
unit of General A spokesman for the Chamber of Com
Eventually the program could lead to expanded medical studies on liver diseases for which additional support from other sources would be sought, the university said.
Goodrich became concerned about the rare form of liver cancer after sev eral fatal cases were discovered at its
Commerce and Industry
Imnont Corp. fNew York)--Edward A. Kalmar was elected a vice president of this maker of printing inks and supplier of fin ishes and other automotive products. He will have responsibility for operations in the. Far East, Mexico and Venezuela.
rrp. will use pro- merce said, however, that police were tell -revious offering ing pickets to move on and, when they re
Louisville polyvinyl chloride plant, sug gesting that the disease may be trig
Union Carbide Corp. (New York)--Ash ley W. Lutz and Robert W. Wesson were
:r.cem sold $12.5 fused. left to get arrest warrants bearing gered by exposure to chemicals in named presidents of chemicals and plastics.
1999, at a price of the pickets' names.
volved in its production.
Glover Inc. (Roswell. N.M.)--J. Ray
A spokeswoman for Mayor Joseph Alioto,
mond Harris, 58, president, was elected to
Varrants
who is attempting to act as a mediator be
Behavioral Researchtween the city and the striking unions, said
yesterday afternoon: "To my knowledge, as
the additional post of chairman, succeeding ! Homer F. Glover, who died recently. Mrs. Homer F. Glover, his widow, was named a
Is Suspended by AmcxMortgage Ir- of this moment, there have been no arrests
jtnient trust, of pickets and pickets are still out there." j
director of this meat packing and process ing concern.
l aon date on its "If the procedure is being followed by!
from Nov. 25, the police as you outlined, it s contrary to|
Evans Products Co. (Portland, Ore.)--
:rable tax ruling my instructions and in direct violation of the
B>t a Wall Street Journal Staff Reporter
This retailer of building materials, maker of
_nternal Revenue law," Judge Horn said in a telephone inter NEW YORK--The American Stock Ex precut homes and building and metal spe
ixe were 505,037 view. He said, however, that nobody had change suspended trading in Behavioral Re cialty products and lessor of railroad freight
brought the alleged violations to his atten search Laboratories Inc. common and asked cars has formed a transportation systems
rr.title holders to "gage share for
were issued in
tion. "Somebody has to tell me what's going on. I can't go out and arrest people or prose cute them. I'm a judge."
the Securities and Exchange Commission to delist the issue.
and industrial group and a shelter products group out of its industrial products group. John C. Felten was named executive vice
.ion with the ini- Meanwhile, Judge Horn said he granted The Amex said the Menlo Park, Calif., president and general manager of the trans
rrtgage's
shares.
injunctive relief to the city and county, which filed a suit yesterday, similar to that given the Chamber of Commerce a day ear
educational programs concern failed to meet several financial standards for contin ued listing.
portation systems and industrial group. He will continue as president of U S. Railway Mfg. Co., an Evans subsidiary. William C.
lier.
Finkenstaedt, formerly president and gen
: -ce rates quoted by Representatives of an estimated 9,000 to Specifically, the exchange said Behav eral manager of the industrial products
i. 8'eei offered, sr: day's high 9t%. 4%.
12,000 striking union workers terday with Mayor Alioto.
met
late yes
ioral Research incurred net losses in fiscal jgroup, will be president and general man1972 and 1973. ended Sept. 30, and had net i ager of the shelter products group and pres-
:r. exchange collateral 9V4%; by banks out
% to dealers by New to brokers by New
orokers by banks out-
[Last night, the mayor announced that agreement had been reached on all but the wage issue, according to United Press International. The news agency
tangible assets of only SI.2 million as of last | ident of the transportation systems and in-
Sept. 30. Moreover, the aggregate market i dustrial group.
value of the concern's publicly held shares
**
is below $500,000, the exchange said.
Finance
v by a major finance added that city and union leaders wouid
Amex policies provide that a company Shcarson, HarnmiU & Co. 'New York) --
-s 179 days. 7W>,i 180 continue negotiations through the night can become a delisting candidate if its net Alger B. Chapman Jr., president of this in
-- dealers: 30 to 270 in a bid to settle the money issue.)
tangible assets fall below $2 million and if it vestment firm, was elected to the additional
The unions had been seeking an
suffers net losses in two of its three most re posts of chief executive and chairman of the
or more): top rates issued market, one
acro:<s-the-board
pay
increase
and
a
fully
cent fiscal years, or if the aggregate market
executive
committee.
He
succeeds
Robert
Three months, iWt; paid dental plan. The city's Board of Super value of publicly held shares, exclusive of C. Van Tuyl, who continues as chairman.
-de: one month, 8 11- visors had offered a or/o pay boost and a management and concentrated holdings, Frederick H. Joseph was named chief oper
% to 8 13-16%; three partially paid dental plan.
falls below $1 million.
ating officer and was elected a director. 7>
.; six mcnihs, 9%% to
*>e to general trends, -el transactions.
Interest exempt, in the opinion of bond counsel to MHM, under existing laws from Federal income taxes, and, by virtue oi Chapter 70S the Acts of 7966 oi The Commonwealth or Massachusetts, as amended, from Massachusetts income taxes.
NEW ISSUE
March 13,1974
$40,740,001 BFG23797
Massachusetts Housing Finance Agencv