Document qk5m73jvzN0474RLg5Y97XOJR

THK W'M.I. Vi'kEtT JOl RNAl, u. .#*1 tO LAM kX 114 1% 3 S'* 11 I* 59 * :h nn-ii IX VOI LftSt aa m3 >x 4 fSt 9 1'A 11 11* 3 1% U'O 23X V. B' 27'* rr% m* Honevweil's Earnin From Operations ftose 49% in Second Quarter Friday. July 16, 1476 Wall-Repair Goods Are Said to Contain * 5X 3 1H 29V* 1*9 1* 35111 H 29-* ; 4 4*. 41% >11 M* in :<x 1f7t X ft19 X I4'"g 6 U'| 37 59* 7 rv* <29* H 3 19 <> <21* ft ft ft? IV* * 23 3X 42% V It 9** ftft ft * fffttt ft 42*. ft <2*4 ft ilk* t 9V 3 jv. a a XVi a a XV, 3 3** 3 14V* ft* JV XV! b XV) 913*1* x M* 20* r-i 119* IX 9-1* 11% x5 3 JH 24% 53 1 7-14 U 2% 24% 1H 5 V, 24 V. taHwi 1X,S*1 Carcinogenic Fibers By 4 Wall Stuff JovMXAllstaff tteporttr MINNEAPOLIS - HorAywell Inc. re ported a 49Mr increase in operating earnings for the second quarter, cltin^ strcng world Compounds for Patching Paste wide performance in environmental-controls Have Perilous Asbestos. markets with continued steady Improvement in both residential and commercial building- Studies Say: Ban Asked control sales." Earnings before a tax credit Vere 117.1 million, or 84 cents a share, up- from the a Wan Srastr Joi.anai Util Kr^artir year-earlier Jll.S million, or 59 cents WASHINGTON-Some of the compounds share. A S2 2 million tax credit hooated net used tor patching and repairing interior income for the latest quarter to 119 4 mil walls contain cancer-causing asbestos fibers lion, or 95 cents a share: a SI.2 million and should be banned, two public-interest credit lifted the year-earlier net to S12.7 mil organizations contended. hange - Cl - vw. Last ftft ft 1 X* X IV* o 9S* 47 3V* t *9* 41 IX 74 39* s V* IX 3v 171 IV* X jx 31 *9* 27 39* 91 1 0 a Mf*t 1 999ft 9 rx XI 4X 1X a 59* X t% X* m 9* # n 49* m3 39* IJX X r* a 49* ft - Jan - N.y. Vat. Last Ciova 2 39-1* SSX 4 13-1* 12% a 4 P/s a 4V 17 itv* m% 7 779* a ft S3 X 39* 53 ft fta ft 41Ui *11* X 4H 479* m 39* 439* X X 479* i H* ISVi u 39* 35V* ft ft9 17* IS1*! tsv ft11 39* 34 a 419* X 99* <19* ftX 5Vj <19* ft 299* a ft 399* X 3 3% n 39* 179* *313-14 179* a a 339* X 239* m 3X 339* 3 *X 539* a a 57% a a S3X 53X * 49* S3X a 1 S3X Hon. or 85 cents a share. Revenue rose i'i to In a petition to the Consumer Product *705.3 million from *678.8 million. Safety Commission, the Natural Resources For the first half, operating earnings Defense Council and Consumers Union esti were up 136'r to S29.7 million, or J1.47 a mated that between a third and a half of the share, from *12.6 million, or 64 cents patching compounds sold in the U S. would share, a year earlier. A tax credit of *3.2 be subject to such a ban. It cited products million brought 1976 first half net to *32.9 sold by Mobil Corp.'s Montgomery Ward million, or *1.63 a share, and a tax credit of Inc. subsidiary and by Georgia-Pacific Corp. tl.2,million brought year-earfieKprotlt to as among those that allegedly pose a health *13.8 million, or 70 cents a share. Revenue hazard. increased 67r to *1.35 billion from ^1.27 bil When asbestos fibers are inhaled, they lion. " t greatly increase the danger of cancer of the The second quarter's rate of Improve lungs, the lining of the lungs and the abdo ment isn't expected to continue inr the sec men. The petition cited medical studies ond halt because ot the comparative showing very high concentrations of the fi strength of last year's second halt Edson W. bers in the air after asbestos-containing Spencer, president, said. compounds were used for dry wall repairs. Second quarter profit Included a foreign- Asbestos gets Into the air both when pow exchange gain of two cents a share, against dered compounds are mixed with water to a yoar-earlier foreign-exchange loss of two create a patching paste and when patched cents a share. For the first half, the foreign- places are sanded after the paste dries, the exchange gain was 19 cents a share, against studies showed. a year-earlier loss of 38 centg a share. Honeywell said revenue tm world-wide In dustrial markets was about'-equal to the London Stock Prices Rise: year-earlier quarter and half. Bookings- for the quarter and half Increased, reflecting a Quotes in Tokyo Decline gradually Improving level of capital spend Stock prices climbed in London and sank - Paft - ing, tt said. Performance in the aerospace in Tokyo yesterday. S9 X X7 9*9*9* 9 9 t5v9** 11 *9* 179* a 39* 379* ft 7 479* tl >9* ft ft 479* ft 5 SV* 239* 9 19* 3 19* 239* X 139* ft a 57 3 9* ft a 57 39* 31 4 57 and defense segment of Honeywell's busi ness "continues to meet expectations." the company said. Computer-systems bookings "nearly matched" the second quarter record set last year, but bookings for the half "lagged the comparable period," Honeywell said. On the London Stock Exchange, the Fi nancial Timet industrial share Index rose 4J points to 393.3, with much of the moder ate buying laid to trader expectations that the British government would curb spend ing. Among major Issues, gainers included W4K. Computer revenue for the quarter trailed EMI. Burmah Oil and British Petroleum. the year-earlier period, but tn the half w-as But Distillers fell despite higher earnings. even with the 1975 first half. Rental and ser Gold mining shares also sagged, evi tmings Set `eriod, Half Swnaamerlca Corp. gs for the eecond U. end *ald it extings momentum to vice revenue in the computer business gained slightly for the quarter and half. Pur chase revenue improved from the first quar ter ot 1976, but was down from the 7975 sec ond quarter and half, the company said. Margins in the computer business im proved In the second quarter from the first, but were below the six-month level achieved last year, Honeywell said. dently on trader disappointment with the re sults of the International Monetary Fund's latest -bullion sale. The South African fi nance mining index sank 7.0 point to 101.0. On the Tokyo Stock Exchange Thursday, the Nikkei Dow Jones average lost 50.71 points in light dealings, to 4695.(8. and the exchange Index slipped 2.51 points, to 347.36. Brokers continued to cite concern about Lockheed Aircraft Corp. payoffs in Japan. sgs lor the dlversl- aad entertainment million, or *3 cents n the *17.8 million, reed in the 1973 pe- Halliburton's Capital Budget Light electrical issues were mostly lower, but Sony managed to post a gain. Autos also DALLAS-Halliburton Co. said Its board were generally weaker, though Honda rose. approver an increase in its 1976 capital-ex Hitachi fell despite higher earnings. penditure budget to *292 million o MM million from It said the 1976 budget originally was set at *276 million and was increased *2 million OPTIONS HOT LINEtn February. The latest supplement was t hall rose ti^c to . a share, trom Ml re. In the 1973 first 1% to *l.M billion made primarily for a drilling-fluids service barge for Imco Services division and tor art-, ditlonal construction equipment tor its l Brown 4 Root Inc. subsidiary, Halliburton) said. 1 +STARR (4U) 421-7661 KI1PM1 option specialists San Francisco M2-4417 Palo AIM 5244350 PLAINTIFF'S EXHIBIT / SGP 0008778