3 Martha Mae Lineberger FAYETTEVILLE, Tenn. Services for Martha "Mae Donaldson Lineberger, 74, of Fayetteville, will be at 2 p.m. today at Higgins Funeral Home. Burial will be in the Rose Hill Cemetary. Mrs.
Lineberger died Sunday night in the Huntsville Hospital. She member of the Methodist Church. Survivors include a daughter, Annie Rogers, of Fayetteville; two sons, Joe Lee and Grady Lineberger, both of Faytteville; two sisters, Annie Cunningham and Aline Collins, both of Fayetteville; two grandchildren; and two great-grandchilden. Lela Potts Fox COLUMBIA, Tenn. Services for Lela Potts Fox, 88, a resident of the Bethel community near Sante Fe, will be at 1:30 p.m.
today at the Oakes Nichols Funeral Home. Burial will be in the Greenbrier Cemetary in Williamson County. Mrs. Fox died yesterday morning at the Maury County Hospital. A native of Williamson County, she was a member of the Greenbrier United Methodist Church.
Survivors include two daughters, Rita Warf, of Franklin, and Betty June Wilt, of Columbia; two sons, Robert and Larry D. Fox, both of Santa Fe; 12 grandchildren; and eight great-grandchildren. Ruby Young COLUMBIA, Tenn. Services for Ruby Lee Wortham Young, 62, of Columbia, will be at 11 a.m. today at Oakes Nichols Funeral Home.
Burial will be in Rose Hill Cemetary. Mrs. Young died Sunday night at the Maury County Hospital. A native of Aliceville, she was a member of the First Baptist Church. Survivors include her husband, Luther W.
Young, Columbia; a daughter, Janice Hufford, of Titusville, a son, Doug Young, of Columbia; her mother, Anne Young Wortham, of Alabama; a brother, Raymond Wortham, of Columbia; one grandson. William McClelland McEWEN, Services for William James McClelland, 67, of McEwen, a retired clerk for the state Highway Department, will be at 10 a.m. today at Luff-Bowen Funeral Home. Burial will be in the McEwen Cemetary. Mr.
McClelland died Saturday at the Goodlark Hospital in Dickson, Tenn. He was a member of the First Baptist Church of McEwen, and was a Mason. Survivors include his wife, Loretta Culp McClelland, of McEwen; a son, Jim McClelland, of Largo, and four grandchildren. in Mattie Petty Lockhart WAVERLY, Tenn. Services for Mattie Petty Lockhart, 80, a retired time clerk for 'Timken Axle in Detroit, will be at 1 p.m.
today at the Luff-Bowen Funeral Home. Burial will be in the H. B. Parker Cemetary. Mrs.
Lockhart died Sunday at the WINCHESTER, Tenn. Services for Jace G. Powers, postal 88, of will Winches- be ter, a retired employee, at.1.p.m. today at the Moore-Cortner Funeral Home. Burial will be in the Winchester Memorial Park cemetary.
Survivors include three daughters, Pauline Hunt, of Peninsula, Ohio, Geraldine Powers, of Nashville, and Lorene Steel, of Winchester; two sisters, Lucy Brannum of Owens Cross Roads, and Mrs. Jessie Prince, of Huntsville; seven grandchildren; and three great-grandchildren. Julian Fred Robinson G. Powers WINCHESTER, Tenn. Services for Julian Fred Robinson, 77, of Winchester, a retired Metro police employee, will be at 10 a.m.
today at the Trinity Episcopal Church. Burial will be in the Franklin Memorial Gardens. Survivors include de his wife, Virginia Duncan Robinson, of Winchester; a son, Fred Robinson, of Winchester; a brother, Arthur Robinson, of Sherwood, a sister, Lillian Nicholson, of Winchester; and three grandchildren. Evelyn Malone Patterson she was water Baptist Survivors da Graves, of son, Wilburn a sister, Fayetteville; Malone, of dren; and one a member of the ColdChurch. include a daughter, LinWest Memphis, a Berryhill, of FayetteLutisha Lemmons, of a brother, Parvin Pulaski; two grandchilgreat-grandchild.
FAYETTEVILLE, Tenn. Services for Evelyn Malone Patterson, 57, of Fayetteville, will be at 11:30 a.m. today at Higgins Funeral Home. Burial will be in the New Grove Cemetaryatterson died Sunday in Florence, Ala. native of Limestone County, Nautilus Hospital in Waverly.
Survivors include her husband, William Roy Lockhart, of Waverly; two sons, William R. Lockhart, and Frank Lockhart, both of Waverly; a brother, Richard Petty, of Boca Raton, and one stepgrandchild. The American Stock Exchange (Contuined From LazKap Noelind Lehigh 192 Nolex LeisurT 160 NARoyI LiblyFb 16 204 24 Nest8k 134 NIPS of Lodge 129. NuciDI Logicn 25 9 SIS Numac Lumex OEA LouisCe 8-g ChArt 822 Oakwd Lydall OnSeal LynCSY 28 Oisten LynchC 00kiep OriolH MCO HO Ormand MEO Orrox MSI BI MacAnP Over Sc Macrod OxtrdF MeRS 2.12 OzarkA Marndo MarkPd Marm 12.25 PGEPIC Mrshin MartPr Masind PGEpIG MaRsh- .12 24 PGEpfF Matrix PGEpiZ MavEn Mayfiw .606 10 PGEpfW McDow 276 PGEpfV McRae n.08r 23 16 PGEpIT 6h- MediaG 1.04 Media Meenan 66 PGEpIK MetPr PGEpfJ Metex PGTrn Metro Packi MchiGn 970 Pack Mich5g PackI Page MidAm PelICo Miditid Pantast Miller ParkEl MIchIE PayFon MonP Penin MonMg SEEE Peer Tu PUMG MonP pf4.50 2120 PenEM MonuE PenTr MoogB PEC M009A PenRE MigGth 1.3 le Penril Morten Pentron Motts 20 PepB MiMed 261 Perini MovStr 13 PeryDr MovieL PetLew PelLe Narda 23ht PelLe NIGSO PhiLD NKiney Phoenix NISecR 19 PionrSy NIPaint 695 Pico PitWVa 7 Pittway 13 Pizzain NPInR Plantin NY Tim PlyR A NProc PlyGm NewbE PlYR Newer a PopeE Nexus PortSy 1.08 PostCp Nichois PostiPr Power PrairO 3h- PratLm 1.22 PrattRd .30 PrecI PremRs PrenHa 1.76 PresR .50 PresR .50 113- Presid ProvEn 1.60 Pet piC Pgt pfE PulteM .14 PuntaG RAI .541 REDM RMS EI RSC RTC Ragan RnchEx Ransbo Ratliff Raven Raymin REin 2.408 RiincT Redlaw Refinmi RepG Reset Rest RegalB A yo AR, Rest Rest Rex Nor RibletP Rio Alg a RioG Dr Robnic 1 Rckway Rogers .12 RoncoT 38 RoyPim Rudick 3 RBW Rusell Rykoff Ryland SGL 360 SMD SSP Sage SCario SD90 SDg0 7.80 2.47 SDg0 4.65 SD90 2.68 2.20 SanJW Sanmrk 10 Sargent Saund Saund Scheib Schrad Schwab SciMgt SciLso Seaport SecCap Selas SeigAs Sevisco SeisDi1 Semich SeisPro .101 Servo 22 Servotr Seton Investing NEWYORK (AP) 'CaTaxEx -The following 11.97 12.63 40 0 Calvin Bullock: tations, supplied by Bullck 17.77 19.42 the' National Candn 8.20 8.96 Divid 3.15 3.44 ation of Securities Hilnc 11.73 12.65 Dealers, are Month 11.27 12.32 the prices at which NIWS 10.42 11.39 these securities TxFre 9.76 10.25 could have been CapTNT 10.32 NL sold (Net asset Cardni 10.77 11.77 value) or bought Centennial Gp: (value. plus sales Grih 11.85 12.95 charge) Monday.
Equit 8.53 9.33 Chancellor Group: SeH Buy Equity 12.35 13.24 AcornF 28.78 NL GvtSec ADV 19.67 NL 10.15 10.25 Afutore 16.09 NL HiYd 10.34 11.09 AIM Funds: HiMun 13.83 14.48 Yid 13.77 14.73 NDec 19.56 20.98 Grawy 12.27 13.12 Qually 15.29 16.40 HiYid 10.25 10.96 TaxM 18.65 20.00 Alpha 23.92 25.18 Cnt Shs 13.24 NL ABirthT 14.07 15.38 Chart Fd 20.57 AmExGth Chp Dir 16.28 NL 14.33 NL Chestnut 44.42 NL American Funds: Colonial Funds: AGal 10.39 11.36 Fund 12.80 13.99 Amep 7.95 8.69 Grwth 9.91 10.83 A Mutt 14.06 15.37 Hi Yid 7.42 8.11 Bond 12.95 14.15 Incom 7.05 7.70 Fdin 12.15 Opin 9.31 10.17 Gratit 12.37 13.52 TaxMg 22.92 25.05 Incom 10.48 11.45 Colu Gth 23.42 NL ICA 10.43 11.40 Cwith AB 1.39 1.50 NPers 8.02 8.77 Cwith CD 1.95 2.11 TaxE 9.72 10.20 Composite Group: Wsh Mt 9.63 10.52 Bond 9.95 NL Amer General: Fund 10.67 Cap Bd 7.05 7.70 Tax 6.68 Entrp 15.30 16.72 Concord 23.32 NL Hi Yid 10.17 10.91 Connecticut Gent: Mun 17.67 18.55 Fund 14.03 15.17 Ventr 29.67 32.43 Incorn 7.12 7.70 Cmstk 14.05 15.36 MunBd 7.27 7.86 Exch 40.77 NL Constel 20.04 Fd Am Cont Mut 6.67 NL 13.05 14.26 Copley 1.91 NL Grow 29.65 NL Ciry Cap 16.95 18.33 Harbr 14.59 15.93 Delaware Group: Pace 19.08 20.85 Decal 15.10 16.50 Provid 5.38 5.80 Delaw 22.08 24.13 AGINFO 8.90 9.73 Deich 8.11 8.86 A Heritg 3.79 NL Tx Fre Amins 5.90 6.45 6.85 7.11 A invest 10.11 10.70 Delta 14.41 15.75 A Inv in 10.70 ML Dir Cap .95 NL AmMed 25.25 DodCx BI 26.09 NL ANIGIN 5.42 5.92 DodCa SI 23.33 ANtinc 19.40 21.20 Drex Bur 17.00 NL Amway 6.25 6.60 Dreyfus Grp: ArchGvi 129 NL A Bnd 13.79 ML Axe Houghton: Drevt 13.79 15.07 FndB 9.91 10.77 Levpe 18.36 20.07 Incom 471 5.12 Nine 10.73 Stock 13.07 14.28 Sei inc 7.30 NL BLC GI 17.18 18.78 TaxEx 11.17 NL BLC Inc 14.76 16.13 ThrdC 7.05 Babs inc 1.54 NL Eagl Gth 9.53 Babs in 13.35 NL Eaton Vance: Beac Gith 13.79 ML EH Bal 0.39 9.05 Besc HiS 15.2 NL EH Stk Berger Group: 12.98 11.99 100 Fd 17.15 NL Gruth 1.77 1.0 101Fd 12.17 NL HiYid 4.99 534 BosCAr 25.04 NL Inc Bos 9.07 9.91 Bost Fnd 11.93 13.04 Invest 7.95 0.69 Bull Bear Go: SpEat 23.10 24.91 Caom 10.98 NL TaxM 12.25 13.39 CApitS 14.87 NL VS Inc :11.51 12.58 Goin 12.53 NL VS Sol 14,34 15.67 THE TENNESSEAN, Tuesday, March 22, 1983 9-C Yields on Short-Term T-Bills Rise In Auctions for 3rd Straight Week WASHINGTON (AP) Yields on short-term Beginning today in private accounts linked to Treasury securities rose in yesterday's auctions the federal securities: for a third straight week, reaching the highest Savings and loan associations may pay as levels in more than four months, the Treasury De- much as interest and commercial banks as partment reported. much as 8.785% on six-month money market cersold about $6.2 billion in new tificates. The limits were up from the 8.764% and The government three-month T-bills at an average discount rate of 8.514% of the past week. from the 8.256% of last week. and may pay as much as 8.434% 8.434%, up on three-month certificates, up from last week's ABOUT $6.2 billion in six- 8.256%.
Rates on the certificates are the same as IN ADDITION, were sold at an average rate of that for the three Treasury bill. month bills 8.535%, from 8.264% last week. In rates that don't change until next week, up may pay as much as 9.7% and commercial The rates were the highest since the Nov. 15 banks as much as 9.45% on "Small yields of 8.446% for three-month bills and 8.539% Saver" certificates. for six-month bills.
A minimum deposit of $2,500 is required for The new discount rates understate the actual the three-and six-month certificates. There is no return to investors 8.76% for three-month government-required minimum for the bills and 9.07% for six-month bills. certificates. Investors Shop for Blue Chips As Dow Outpaces Rest of Mart By GAIL COLLINS UPI Business Writer NEW YORK (UPI) Big investors went shopping for blue-chip stocks yesterday, pushing up the Dow Jones industrial average while the rest of the market stayed sluggish. The Dow closed up 7.55 at 1,125.29.
The New York Stock Exchange index ended the day up 0.60 at 86.97. The price of an average share gained 24 cents. ADVANCES LED declines 846- 725 among the 1,959 issues crossing the New York Stock Exchange tape. Big Board volume amounted to 72,160,000 shares, down from 75,110,000 Friday. Turnover of NYSE stocks nationwide was 86,480,630, compared to 87,480,630 Friday.
The Dow, an index of 30 bluechip stocks "is not expressive of what's happening in the broader market, which is milling around with no clear-cut trend," said Monte Gordon of Dreyfus Corp. "THE MARKET'S kind of pausing," he added. "The whole key is whether investors detect any sign of the Fed moving to tighten the money supply." Analysts said investors were concerned about bulging money supply figures, and fearful the Federal Reserve Board would tighten the supply, pushing up interest rates. Much of the surge in the Dow, several said, was due to institutional investors looking for highquality. issues to dress up their portfolios before the first quarter ends.
THE HUNT for blue-chip stocks was "the beginning of windowdressing for the end of the quarter," said John Groome, of U.S. Trust. the market "is acting pretty well in the face of all this uncertainty" about interest rates and inflation, Groome said he 1 believed "the easy part is over" for investors in the bull market. "It's. becoming a period of stock selection, not timing," he said.
The National Association of Securities Dealers NADAQ index of over the counter stocks hit a record high yesterday, up 1.32 at 266.33. THE AMERICAN Stock Ex- change index was up 1.37 to 382.50. The price of an average share gained 5 cents. Declines led advances 311-305, among the 809 issues traded. Composite volume was 7,444,680, compared to 7,334,750 Friday.
On the New York Stock Ex- change, Waste Management Inc. was the most active issue, plummeting to after The New York Times reported the firm, the largest handler of chemical wastes, had violated state and federal laws in disposing of dangerous chemicals. A block of 583,000 traded at 51 early in the day, and a block of 218,000 traded at later. Commonwealth Edison was the second most active stock of the day, down at Archer-Daniels Midland was third, up at The stock fell Friday after- the company announced a planned sale of 5 million shares. Haney Representatives In New York To Market Bonds for Center Hotel 8-C) 156 .20 10 101 25 1.208 13 2 4.25 210 59 8338 23 2 .60 .20 088 1.25 1.25 1.25 1.20 4.34 4.06 3.20 2.57 2.32 2.54 2.62 1.12 2.37 1.96 2.04 2.32 5 pf4.36 pi4.50 p14.75 1.20 2.50 11 p11.65 p12.28 21 51 319 .20 19 1.65 3 Eberstadi Group: Chem 11.26 12.31 EngRs 9.06 9.90 Survey 16.85 18.42 EngUtil 20.86 NL Evrern 39.27 NL Evrgr 14.74 Frm BG 15.04 NL Federated Funds: AmLdr 10.81 11.56 Exch 30.85 NL Hilcm 12.26 13.11 TX Fre 9.16 9.59 USGvt 8.54 8.94 Fidelity Group: Assel 21.00 Bond 7.02 ML Congrs 50.21 ML Contid 12.20 NL Dstny 13.15 Eg Inc 24.22 NL Exch 39.92 NL Magel 33.37 34.40 Mun Bd 7.00 NL Fidel 18.12 NL Gvt Sec 9.65 NL Hilnco 8.96 Hi Yid 11.42 ML LI Mun 8.18 NL Mercury 11.4 11.84 Puritn 12.56 NL SELErgy 1.72 NL SelHIt 18.07 SelMM 12.75 NL SelTch 21.05 ML Thrift 9.99 NL Trend 34.39 NL Financial Prog: Bond 131 NL Dyna 10.10 NL FacTx 14.70 NL Indust 5.15 NL Incom NL Fst Investors: Bad Ap 14.62 15.76 Disco 15.34 16.77 Grwth 9.64 10.54 incom 6.86 7.50 IntiSec 13.03 14.24 NaRes 6.58 7.19 Optn 5.80 6.25 TaxEx 1.77 9.46 44 WIEG 10.39 11.36 44 Well 1.97 NL Foster 6.19 Fad Gth 4.85 5.30 Founders Group: Grwth 9.32 NL Incom 13.63 NL Mutal 10.10 10.52 Sped 20.77 NL Foursa 10.84 ML Franklin Group: AGE 3.85 4.01 DNTC 20.95 22.59 Greth 11.03 11.89 NYTax 10.15 10.57 Option Utils Incom US Gov 7.50 7.81 Capit 11.14 Equil CalTx 4.00 Funds Inc: Cmrce 10.25 11.14 InvOl 10.23 10.71 Pilot 12.39 13.47 Sunbil 14.66 15.93 GT.
Pac 13.23 NL 26 Sheers TotP1 of 2.88 Sharon Towner 13 50 Shopwi Town 140 Siercn Showbi Trafigr TrasLx .10 737 Sifco TranEn 13 SikesA 88 TrasTec .40 12 10 Silvrest TriSM Snyder TriaC. .771 SolStSc TubMx 11 Solitron Tultex 49 35 TurnrC TwinF 31 SCEd 1.06 SCEd of 1.08 U81 SCEd of 1.19 UDS SCEd of 1.45 13 URS 1.30 USR Ind ASS we of of 2.21 2.30 Ultimte Unicorp 309 0.96 Unimax Somk wiC Unimx pf Sprkmn UArPd .52 12 43 UnFood .20 12 78 258 20 UnAbst 3 23 4 Spencer UtMed 1.041 23 26 13 117 StPrd UnRitin 1.33€ 12 30 3.501 9 USAG Stanwd UnvC 16 Statex UnivRu 20 UnivRs 30. Stri8 go 5-16-1-16 Valmac Valspar 12 189 u32 14 2300 StriEx! 10 Vrbim 35 657 11 StorEq n1.52e 12 Verit 12 Strutw 161 V1AmC .365 22 x73 SumitE VIRsh 20 5 Sunair 16 Vernit 14 SumitE pf1.80 Verna 1.231 Sundnc Sundr Viatech Supfds 12 194 Vicon SupCre 134 516 Vintge 1h- 1 Supind Virco 13 11h1 VisaE Susqueh Vishay Susch VisualG Swiftin 33 VolMer Synaloy SystEn .10 13 SysPin WTC 25 Walbar Bar .571 45. Walco 40 TI TIE TEC 42 1066 WallS WangC WangB .05 .10 2200 TabPr 20 Wards .10 Tasty 10. TchAm WshHm TchSym WshPst TechOp Wisco 10 TechTp Wthfrd Tchem 149 513 WelGra 150 Tchm 200 Wesco Tectrol 12 16 Telflex Wstbr TelDta WstnSL 155 u29 Telsci WhitCbi Telsch 376 Wichita Teney WillcxG TexCd WilsnB 25 TexAE TexAir Wincp Winkim pd 2 TxPL of 4.56 WisP pf 2400 Txscan WolfH8 Thor En Wastrm Thriftm 1.60 Wk Wear 19 10 1 2922 12 ToppsG Tidwell WwdeE TOIEd p14.25 Wrathr .05 3 3 TolEd of 10 WrotH Tortel TotiP! .24 31 Zimer YankO .10 2 3 GateOp 15.04 NL Mass 13.05 14.26 NELife Fund: Vista 19.78 21.62 Univ 72.37 NL Gen Elec Inv: LehCap 21.35 NL Equit 20.76 22.57 Voyag 18.17 19.86 Stratinv 9.28 10.14 EinTr 21.93 NL LeggMas 15.88 NL Grwth 22.98 24.98 Quasar 52.30 NL Strat Gth 33.16 NL ElnTx 10.67 NL Leverge 10.61 NL Incom 10.86 11.80 Rainbw 3.75 NL SunGrth 12.04 13.16 31.99 NL Lexington Grp: Ret Eq 20.45 22.23 RochTx 12.74 13.92 Tax Mgd Lg 10.74 NL Cp Ldr TaxEx 6.84 7.16 Safeco Secur: 14.59 15.95 Gen Sec 13.21 NL 12.80 14.05 Neuberger Berm: Equit 10.01 NL Templeton Group: 31.83 NL Goldfd 4.12 NL Enrgy 16.88 NL Grwth 17.66 NL Globe 30.99 33.87 GBT 11.71 NL GNMA 7.91 NL Guard 37.71 NL Inco 12.04 NL Grwth 8.35 9.13 Grth Ind 22.51 NL Grow 10.40 NL Libty 3.88 SIPaul Invest: World 21.91 23.95 GraPkA 16.50 18.03 Resh 17.72 NL Manhi 5.53 NL Capit 12.39 13.14 Tras Cap 10.87 11.82 HamHDA 6.26 6.84 Linder 17.64 NL Parin 16.04 NL Grwth 13.63 14.50 TrasNew 8.57 NL Hart Gth 13.41 NL Loomis Sayles: NY Mun 1.07 Inco 10.40 11.06 TravEg 12.45 13.61 HartLev 35.85 NL Capil 23.71 NL Newt Gl 27.04 Spect 21.15 NL Tudr Fd 19.67 NL Herold 221.44 Mut 18.03 Newt Inc 831 Scudder Funds: 20th Century: Hor Man 27.77 NL Lord Abbelt: Nichola 24.75 ComSt 14.56 NL Grwth 14.17 ML Hutton Group: Affilld 9.25 9.97 NE InTr 12.22 Devel 60.75 NL Select 22.69 NL Bond 11.40 NL Bnd db 10.77 11.77 NE InGl 11.12 CapGr 13.52 NL Ultra 7.68 7.74 Emerg 11.46 NL Dev Gl 26.28 28.72 NovaFd 15.99 NL Incorn 11.91 NL USGvi 99.87 NL Gwth 13.49 NL Incom 3.10 3.34 NY Vent 8.65 9.45 Intl Fd 18.79 NL USAA Group: INAHiY 10.13 10.86 Lutheran Bro: Nuveen 7.43 NL MMB 8.03 NL Grwth 14.23 NL ISI Group: Fund 12.92 13.60 Omega 11.62 NL Security Funds: HiYid 11.93 NL Grwth 6.68 7.30 Incom 8.89 9.36 One Wm 19.49 NL Bond 8.18 8.59 Inco 11.08 NL Incom TrstSh 10.21 3.74 11.16 4.00 US Muni Gov 9.33 7.16 7.54 9.82 Direct Oppenheimer 24.19 Fd: 26.44 Invest Eguty 10.17 7.36 11.11 8.04 Solt TxEI! 15.91 11.37 NL Industry 1.37 NL Mass Financt: Oppen 9.37 10.24 Ultra 9.84 10.75 Unified Mamnt: Intercapital: MIT 11.97 12.91 Hi Yid 19.87 21.31 Selected Funds: Acum 7.14 NL InCap HiYId 11.48 14.79 15.65 12.15 MIG MID 13.53 18.16 14.59 19.58 Spec 21.82 23.85 Sol Am Shs Shs 20.73 8.71 NL NL Mutt 11.29 NL Optn 24.00 26.23 Gwth 17.46 In Val 12.42 13.14 MCD 11.84 12.77 Fre Seligman Group: United Funds: NIRes 7.10 7.51 MEG 13.04 14.06 7.53 7.88 CapFd 12.04 12.98 Accm 8.93 9.76 TaxEx 9.93 10.34 MFD 13.80 14.88 AIM 20.46 22.36 CmSik 12.62 13.61 Bond 5.70 6.23 Int Invst 12.77 MFB 13.00 14.10 Time 12.80 13.99 Growth 7.28 7.85 InfGth 16.45 17.98 Inv Indic 1.49 NL MMB 9.29 9.75 OTC Sec 28.23 30.68 Inco 11.89 12.82 Con Inc 12.63 13.80 Inv Bos 12.28 13.24 MFH 7.41 7.99 ParamM 12.59 13.76 Sentinel Group: Fiduc 29.84 32.61 "Investors Group: InTrB 10.45 11.27 PaxWid 10.75 NL Balan 9.11 9.96 Hi inc 14.13 15.44 IDS Bd 4.89 5.07 Mathers 21.92 NL Penn S4 8.61 NL Bond 6.37 6.96 Incom 12.13 13.26 IDS Dis 8.21 8.92 Merrill Lunch: Penn Mu unavail ComS 16.23 17.74 Muni 6.41 6.68 IDSGr1 17.83 19.40 Basic 13.37 14.30 PermPrt 11.51 NL Grwth 15.55 16.99 ScEng 10.53 11.51 IDS HIY 3.93 4.09 Capil 18.81 20.12 Phila 9.23 10.09 Sequoia 31.82 NL Vang 17.67 19.31 IDSND 9.34 10.15 Equ Bd 11.42 Phoenix Series: Sentry 24.28 26.39 Goid 7.19 NL IDS Prop 7.13 7.75 Hi inc 0.15 1.09 Balan 11.43 12.49 Shearson Funds: Value Line Fd: Inv MM 10.90 11.85 HiQI 10.65 11.09 CvFd 18.67 20.40 Appre 16.14 16.99 Bond 12.59 IDS TX 3.40 3.43 InTrm 10.73 10.95 Grwth 13.61 15.09 HiYId 19.67 20.71 Fund 13.80 Inv Stk 20.54 22.35 LiMat 9.89 9.99 HIYId 10.19 10.96 Incom 18.88 NL Incom 7.13 Inv Sel 8.12 4.73 MunHi 9.05 9.43 Stock 13.19 14.42 MMun 13.42 14.13 Lev Gl 19.89 Inv Ver 10.24 11.13 Muniln 7.06-7.35 PC Cap 16.18 NwDir 16.23 NL Spi Sit 16.08 NL in Resh 5.68 6.21 PacFd 11.33 12.12 Pilgrim Grp: Sherm 7.64 NL Vance Exchange: Istel 13.47.
NL Phnix 10.79 11.54 Pilg Fd 12.12 13.07 Sierra Gl 14.00 NL CapE 57.75 Ivy Fd 13.12 NL Sol Val 12.62 13.50 MagC 5.80 6.25 Sigma Funds: DBst1 38.65 JP Grth 14.46 15.72 Mid AM 7.34 8.06 Magin 8.25 8.89 Capit 11.45 12.51 Dver 67.27 JP inco 8.59 9.34 MSBF0 19.78 NL Pioneer Fund: Inco 7.81 8.54 ExFdf 92.98 Janus 11.88 NL Mut Ben 12.49 13.65 Bond 9.18 10.03 Invest 14.19 15.51 ExBsf 81.17 John Hanco*ck: MdIGv1 10.41 NL Fund 20.01 21.87 Spcin 12.95 14.15 FidEf 52.32 Bond 14.53 15.79 Mutual of Omaha: Il inc 15.15 16.54 Trust 10.32 11.28 ScFidf 55.52 Grwth 13.13 14.27 Amer 10.20 NL Ill Inc 11.14 12.17 Vent 9.85 10.77 Vanguard Group: US Gut 8.69 9.45 Grwth 5.83 634 9.53 Plan Plitrnd inv 19.82 14.11 20.65 NL SBEat 14.84 15.62 Ind Expir Tr 38.32 19.02 NL TaxEx 9.49 10.32 Incom 8.77 9.61 10.12 Kaufman ,50 ML Tx Fre Price Funds: SoGen in 16.69 17.48 GNMA 9.36 Kemper Funds: 10.26 11.15 Grwth 14.81 NL Swininc 4.71 NL Ivest 15.89 Incom 8.50 9.04 MiQual 14.61 NL Glhinc unavail Sover In 17.32 18.23 Morg 12.25 Grow 13.73 15.01 Mut Shr 66.27 Incom 8.56 ML State Bond Grp: MuHY 9.23 Hi IntiFd Yid 12.49 10.40 11.24 13.65 Nat Avia 54.76 10.41 NL Infl NEra unavai 11.42 Com Divers St 5.83 5.82 6.37 6.36 Muint MuShi 15.26 10.85 Mun 8.02 Nat Ind 13.07 NL Horiz 16.87 ML Progrs 9.81 10.72 TrstCo 33.79 Optn 12.64 13.81 Ta.Fre 8.91 StFrm Gl 10.24 Wells 12.65 Summ 24.09 26.33 Net Securities: Pro Services: StFrm BI 13.57 NL Weilln 11.99 Tech 13.90 15.19 Balan 12.66 13.65 MedT 11.56 ML SiStreet Inv: IGBnd 8.20 Tot R1 14.35 15.60 Bond 3.61. 3.09 Fund 9.96 Exch 78.61 ML HIYBO 9.25 US Gut 9.00 9.46 Grwth 10.00 10.78 Incom 8.84 NL Grwth 51.07 NL Wndsr 11.15 NL Kersione Mass: Preid 7.20 1.76 Pru SIP 12.64 13.1 Invest 68.47 68.84 Venturin 11.43 12.49 CusB1 16.27 16.99 Incom 7.12 7.00 Putnam Funds: Steadman Funds: WallS 8.53 9.32 Cus82 19.80 21.73 Stock 10.21 11.01 Conv 14.72. 16.09 Am Ind 3.0 Wein Ea 34.50 NL Cus84 832 9.09 TaxEx 8.49 Duold 19.20 NL Assoc Wise Inc 3.70 NL Cus K1 Tole 6.26 4.75 Int Eg 16.30 17.81 Invest 1.60 ML Wood Struthers: 1.60 9.49 Fairfid Georg 14.44 15.78 Ocean 6.26 NL de Veg 4.18 NL Cus K2 10.21 11.16 Gruth 12.19 13.32 Stein Roe Fds: Neuw 18.44 $.05 0.80 NatTele 13.99 15.29 Health 18.82 20.57 Balan 23.12 ML Pine 13.84 NL Cus S1 20.32 22.21 Nationwide Fds: Hi Yid 17.61 18.88 Bond 9.08 NL No load Cus $3 9.34 10.23 NainFd Incom 6.91 7.41 Cap Op 27.20 (sales charge) Cus S4 8.56 9.60 10.38. Invest 11.61 12.69 Stock 20.51 Previous Interte 481 5.26 NatGth 7.80 8.43 Optn 13.35 14.594 4 StnSol 14.68 TaxFr 7.78 8.21 NatBd 9.55 10.32 TaxEx 21.75 22.83 StnTx 7.84 quote. By TOM MULGREW Representatives of Chattanooga developer Franklin Haney were in New York yesterday making preparations to market $50 million worth of bonds to build a downtown convention center hotel here.
Haney said his representatives met with E.F. Hutton and other financing officials to prepare bond documents so the low-floating industrial bonds can be placed on the market next month. "EVERYTHING'S MOVING RIGHT along," Haney said. "We hope to start selling the bonds in April." Haney, unable for months to arrange financing for the $68 million hotel because of his novel financial schemes, finally reached tentative agreements with several firms late last month. The agreements include a letter from E.F.
Hutton agreeing to underwrite the bonds, a letter from the American Municipal Bond Assurance Company (AMBAC) to insure the bonds and a letter from Lloyds Bank International Ltd. of New York giving liquidity to outstanding bonds during the trading period. HANEY ALSO SECURED TWO LETTERS from the First National Bank of Maryland one for $10 million for furniture, fixtures and equipment for the hotel and another for $4.6 million for garage space and equity. A surprise development in the dealings came when Haney announced that he had a letter of commitment from Marriott Hotel Corp. to operate the convention center hotel.
1. Haney had previously been negotiating with Hilton Inns. The developer said yesterday he is still talking to both firms, wanting to cover all of his bases in case either hotel chain backs out of the project. "WE'RE STILL MEETING WITH Marriott and Hilton people," Haney said. "Until everyone signs off (on contracts), we want to have all bases covered." Since presenting his financing package March 1 to attorneys George Barrett and Lewis Donelson, Metro's chief negotiators, Haney said he has been in contact with each financial backer, attempting to tighten agreements and push along the project.
"We're not just moving. We're moving full blast," Haney said. "Our main accomplishment in the last three weeks is getting the bond documentation going." HANEY SAID OTHER LOOSE ends that need to be ironed out include preliminary design work, contract pricing, leases, deeds of trust and bond documentation, which is a priority. Construction will "definitely begin this summer," he said. According to a spokesman for the Housing and Urban Development in Washington, Metro can start drawing from its $9.7 million Urban Development Action Grant as soon as Haney presents documents showing a complete financial package and the bonds start selling.
The combined convention center-hotel, to border Broadway, Commerce Street, and Fifth and Sixth avenues, will cost about $90 million and will be able to accommodate about of the conventions in the country. Plans call for construction of the convention center to begin first and the hotel, to be built atop the center, will follow about five or '82 Corporate Profits Reported Down From '81; '83 Rebound Predicted By OWEN ULLMANN WASHINGTON (AP) Recession sent corporate profits in 1982 tumbling more than down from 1981, the steepest drop since World War II, the government reported yesterday but economists predicted a robust rebound in 1983. The Commerce Department said pretax profits last year totaled an estimated $175.6 billion, Schools Due NEW YORK (AP) International Business Machines Corp. announced yesterday it will donate 1,500 personal computers to secondary schools in three states as part of an $8 million "computer literacy model program." The program, which will take place in California, Florida and New York, aims at "the enhancement of computer literacy for both students and teachers," said Peter Singer, an IBM spokesman. The company said it selected those down from $232.1 billion the year before.
After-tax profits totaled $117.5 billion, down from $150.9 billion in 1981. DEPARTMENT economists said the profit totals were the lowest since 1976, and the percentage declines were the sharpest since the Great Depression before World War II. During the fourth quarter, the 1,500 IBM states because each has major IBM facilities that can provide technical backup, and because each has diverse school tions. THE COMPANY said it plans to provide personal computers and software to 84 secondary schools, public and private, and to four teacher training institutions in each of the three states. The schools have not been selected yet, and IBM has retained the Educa- department said, pre-tax profits declined to an annual level of $178.8 billion, a 0.8% drop from $180.3 billion in the third quarter.
The slight decline reversed two straight quarters of modest gains. After tax-profits were at an annual level of $119.4 billion in the fourth quarter, unchanged from the prior three months, the department said. Computers tion Testing Service, in Princeton, N.J., to aid in the selection process. IBM said schools selected for the program should get the computers this summer, and should be ready to offer courses using the personal computers next fall. Teacher training programs will also begin this summer.
IBM said it will provide cash grants and technical support to the teacher training institutions..
