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446394739
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Zapata - Hall and Mize, Notes-Replies on Share of Legal Expenses [1966]
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446394739
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Zapata - Hall and Mize, Notes-Replies on Share of Legal Expenses [1966]
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25849-005
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George H. W. Bush Papers
Zapata Oil Files
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1966-12-31
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1966
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1966-01-01
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1966
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Originally Processed With FOIA(s):
FOIA Number:
S
S
FOIA
MARKER
This is not a textual record. This is used as an
administrative marker by the George Bush Presidential
Library Staff.
Record Group/Collection: Donated Historical Materials
Collection/Office of Origin: Bush, George H.W., Collection
Series:
Personal Papers
Subseries:
Zapata Oil File, Business Alphabetical File
OA/ID Number:
25849
Folder ID Number:
25849-005
Folder Title:
Zapata - Hall and Mize, Notes-Replies on Share of Legal Expenses [1966]
Stack:
Row:
Section:
Shelf:
Position:
G
5
1
3
4
Withdrawal/Redaction Sheet
(George Bush Library)
DOCUMENT NO.
SUBJECT/TITLE
DATE
RESTRICTION
CLASS.
AND TYPE
01. List w/
List of stockholders with financial information (5 pp.)
2/3/66
C
attachments
COLLECTION
George Bush Personal Papers
Zapata Oil File
Business Alphabetical Files
FILE LOCATION
Zapata - Hall and Mize, Notes - Replies on Share of Legal
OA/ID Number
Expenses [1966]
Date Closed
01/18/00
RESTRICTION CODES
Presidential Records Act - [44 U.S.C. 2204(a)]
Freedom of Information Act - [5 U.S.C. 552(b)]
P-1 National Security Classified Information [(a)(1) of the PRAJ
F-1 National security classified information [(b)(1) of the FOIA]
P-2 Relating to the appointment to Federal office [(a)(2) of the PRAJ
F-2 Release would disclose internal personnel rules and practices of an
P-3 Release would violate a Federal statute [(a)(3) of the PRAJ
agency [(b)(2) of the FOIA]
P-4 Release would disclose trade secrets or confidential commercial or
F-3 Release would violate a Federal statute [(b)(3) of the FOIA]
financial information [(a)(4) of the PRA]
F-4 Release would disclose trade secrets or confidential or financial
P-5 Release would disclose confidential advise between the President and
information [(b)(4) of the FOIA]
his advisors, or between such advisors [a)(5) of the PRAJ
F-6 Release would constitute a clearly unwarranted invasion of personal
P-6 Release would constitute n clearly unwarranted invasion of personal
privacy [(b)(6) of the FOIA]
privacy [(a)(6) of the PRA]
F-7 Release would disclose information compiled for law enforcement
purposes [(b)(7) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of gift.
F-8 Release would disclose information concerning the regulation of
financial institutions [(b)(8) of the FOIA]
F-9 Release would disclose geological or geophysical information
concerning wells [(b)(9) of the FOIA]
G.1.F
FIRST CITY NATIONAL BANK
DATE
1,114.66*
OF HOUSTON, TEXAS
.00*
WE CHARGE FOR ITEMS
not
DEPOSITED WHICH WERE
note- Hace-mine 28.56
RETURNED UNPAID FOR
REASONS SHOWN
file nele
ON EACH ITEM.
APPROVED
George H. W. Bush
20-6959-8
1701 Houston Club Bldg.
Houston, Texas 77002
TOTAL:
28.56*
⑆1130⑉0001⑆
RETURN TO 52
RETURNED UNPAID FOR
REASON INDICATED:
RETURNED BY
FIRST NATIONAL LINCOLN BANK
insufficient
FUNDS
louisville. KENTUCKY
ENDORSEMENT
missing
NOT AS drawn
WRONG BANK
signature
uncollected
FUNDS
OTHER reason
(SPECIFY)
HREK VEHICLE
TO w * FOR
NO:TTO Apr byesus seried ne S and
prep present IS the DGC
M 4K 40% STATE OF 050120 due
REPRESENT
5" 100
ISS TOSO
you Hotsl
87 TOPE
volsedag
yours
First City National Bank
mary
of Houston
P. O. Box 2557
/
check needs to he
HOUSTON
POSTAGE
Houston, Texas 77001
NOV14'06
return to Mr. me makin
which
zzz E05 :
TEX
PB METER 61089,
for signature.
2
BB will have his address on Zapata indenture
First City/Aty
First City
First City
A3
National Bank aka of Houston
National Banker Hounan
National Banker Houston
Visat Clear
Withdrawal/Redaction Sheet
(George Bush Library)
DOCUMENT NO.
SUBJECT/TITLE
DATE
RESTRICTION
CLASS.
AND TYPE
02. Letter w/
From George Bush ot Helen Gust
11/14/66
C
attachment
RE: Financial information (2 pp.)
COLLECTION
George Bush Personal Papers
Zapata Oil File
Business Alphabetical Files
FILE LOCATION
Zapata - Hall and Mize, Notes - Replies on Share of Legal
OA/ID Number
Expenses [1966]
Date Closed
01/18/00
RESTRICTION CODES
Presidential Records Act - [44 U.S.C. 2204(a)]
Freedom of Information Act - [5 U.S.C. 552(b)]
P-1 National Security Classified Information [(a)(I) of the PRA]
F-1 National security classified information [(b)(1) of the FOIA]
P-2 Relating to the appointment to Federal office [(a)(2) of the PRA]
F-2 Release would disclose internal personnel rules and practices of an
P-3 Release would violate a Federal statute [(a)(3) of the PRA]
agency [(b)(2) of the FOIAJ
P-4 Release would disclose trade secrets or confidential commercial or
F-3 Release would violate a Federal statute [(b)(3) of the FOIA]
financial information [(a)(4) of the PRA]
F-4 Release would disclose trade secrets or confidential or financial
P-5 Release would disclose confidential advise between the President and
information [(b)(4) of the FOIA]
his advisors, or between such advisors [a)(5) of the PRAJ
F-6 Release would constitute a clearly unwarranted invasion of personal
P-6 Release would constitute a clearly unwarranted invasion of personal
privacy [(b)(6) of the FOIA]
privacy [(a)(6) of the PRA]
F-7 Release would disclose Information compiled for law enforcement
purposes [(b)(7) of the FOIA)
C. Closed in accordance with restrictions contained in donor's deed of gift.
F-8 Release would disclose information concerning the regulation of
financial institutions [(b)(8) of the FOIA]
F-9 Release would disclose geological or geophysical information
concerning wells [(b)(9) of the FOIA]
Withdrawal/Redaction Sheet
(George Bush Library)
DOCUMENT NO.
SUBJECT/TITLE
DATE
RESTRICTION
CLASS.
AND TYPE
03. Letter w/
From Hugh Lidtke to George Bush
11/18/66
C
attachment
RE: Financial information (2 pp.)
COLLECTION
George Bush Personal Papers
Zapata Oil File
Business Alphabetical Files
FILE LOCATION
Zapata - Hall and Mize, Notes - Replies on Share of Legal
OA/ID Number
Expenses [1966]
Date Closed
01/18/00
RESTRICTION CODES
Presidential Records Act - [44 U.S.C. 2204(a)]
Freedom of Information Act - [5 U.S.C. 552(b)]
P-1 National Security Classified Information [(a)(1) of the PRA)
F-1 National security classified information [(b)(1) of the FOIA]
P-2 Relating to the appointment to Federal office [(a)(2) of the PRAJ
F-2 Release would disclose internal personnel rules and practices of an
P-3 Release would violate a Federal statute [(a)(3) of the PRA]
agency [(b)(2) of the FOIA]
P-4 Release would disclose trade secrets or confidential commercial or
F-3 Release would violate a Federal statute [(b)(3) of the FOIA]
financial Information [(a)(4) of the PRA]
F-4 Release would disclose trade secrets or confidential or financial
P-5 Release would disclose confidential advise between the President and
information [(b)(4) of the FOIA]
his advisors, or between such advisors [a)(5) of the PRAJ
F-6 Release would constitute a clearly unwarranted Invasion of personal
P-6 Release would constitute a clearly unwarranted invasion of personal
privacy [(b)(6) of the FOIAJ
privacy [(a)(6) of the PRA]
F-7 Release would disclose information compiled for law enforcement
purposes [(b)(7) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of gift.
F-8 Release would disclose information concerning the regulation of
financial Institutions [(b)(8) of the FOIA]
F-9 Release would disclose geological or geophysical information
concerning wells [(b)(9) of the FOIAJ
ga
Date
Mr. George Bush
1740 Houston Club Building
Houston, Texas 77002
Dear Mr. Bush:
I hereby agree to bear my proportionate share of
any legal expenses incurred by you in connection
with the protection of our interests in the
$3,200,000 6% installment notes dated February 7,
1966.
I own $
in notes.
My proportionate part of the legal expenses would
therefore be
%.
Very truly yours,
GEORGE BUSH
1701 HOUSTON CLUB BUILDING
HOUSTON, TEXAS 77002
September 1, 1966
When we sold our Zapata shares to Doyle Mize on February 7, 1966, we took 6%
notes made by Ernest Hall and Doyle Mize. These notes totaled $3,200,000.
The notes provided that the 160,000 shares of stock we sold to Mize at $20 per
share would stay up as collateral and, in addition, that the makers would keep
up enough collateral so that the market value would not get below 200% of the
total value of the note.
Originally the note was secured by the 160,000 shares of Zapata plus 83,333
shares of Western Equities (later name changed to Westec). As Zapata's market
price increased, the makers withdrew Westec shares used as collateral. When
Zapata got over $40 per share, the Zapata alone collateralised the notes and
the makers took down the last of the Westec shares.
On Friday, August 26th, the price of Zapata's stock dropped to $35 per share
and during this week has fluctuated between $25 and $35. On Thursday, Septem-
ber 1, Zapata closed at $341/2 per share. This makes five consecutive business
days during which our notes did not have 200% collateral.
Under the terms of the indenture, the makers of the notes now have 15 days in
which to put up additional collateral so as to bring the total market value
of the collateral up to 2.125 times the unpaid balance of the notes. The ad-
ditional collateral can be Westec stock, government bonds, or other securities
acceptable to 50% of the stockholders.
It is probable that Ernest Hall, the owner of the Westec shares originally
pledged to our notes, will be unable to put up Westec shares to adequately col-
lateralise our notes. This means that the makers must come up with other
collateral.
I have talked to Doyle Mize, the owner of the Zapata stock and co-maker of the
notes. He advises that he is confident he can collateralise our notes in ac-
cordance with the indenture. He tells me that Zapata is no way involved in Westec
other than through one relatively small transaction under which Zapata sold a
company owning one old rig to Westec in exchange for stock. Zapata's fortunes,
he assures me, are in no way linked to the apparent problems of Westec. He fur-
ther feels that Zapata's business is sound and good, that earnings are up this
year and will be up more next year and that the recent market decline in Zapata
is related to general market conditions plus rumors of non-existent relationships
between Zapata and Westec.
To this I can add a personal note. The offshore business is good. The North Sea
discovery subsequent to our sale has firmed up worldwide demand. There is a gen-
erally optimistic feeling prevailing on offshore. Zapata has expanded its rig
fleet.
With Mr. Mize's assurances, I feel that there will be little likelihood of any
technical default on our notes; however, in an unpredictable market, it seems only
prudent to safeguard our holdings in every way.
2 -
Since the collateral value has been below the required level for five business days,
the makers must put up additional security before fifteen more calendar days.
Under the circumstances outlined above, I felt that we noteholders should have ad-
vice of counsel. I have retained Mr. James Kerr of Fulbright, Crooker, Freeman,
Bates & Jaworski here in Houston to advise us over the next few weeks in the event
we should have to take legal action. Mr. Kerr has drawn up a letter to the makers,
a copy of which is attached. No further action is required by us, unless the makers
fail to adequately collateralise the notes.
I do not anticipate any large legal fees for I accept at face value Mr. Mize's
assurances that the notes will not be in default; but I would like to ask that if
you agree with the precautionary measure I have taken that you bear your proportion-
ate part of the legal expenses involved.
If this is agreeable, please return the attached letter to me for my files.
I will follow this matter closely and will keep you informed of all developments.
I told Mr. Mize that I would pass along to each noteholder his reassurances about
Zapata generally and more specifically about his intention to live up to the letter
of his agreement with US. In addition, I would like to reiterate my own confidence
in Mr. Mize's integrity and ability.
Yours very truly,
George Bush
BLUE SPRUCE
1911 RIDGEWAY ROAD
DAYTON 19, OHIO
4a
October 28, 1966
Dear Poppy,
IVED
I'm enclosing my check for my
OCT 31 1966
share of the legal expenses in connection
with the Mize and Hall note.
I certainly do appreciate you
looking after my interests and am glad
you were able to get the notes paid off.
Here's best wishes for you in
the coming election. We need more like
you in Washington.
Cordially,
Caroline
Withdrawal/Redaction Sheet
(George Bush Library)
DOCUMENT NO.
SUBJECT/TITLE
DATE
RESTRICTION
CLASS.
AND TYPE
04. Letter w/
From Agnes Scholder to George Bush
10/11/66
C
attachments
RE: Financial information (3 pp.)
COLLECTION
George Bush Personal Papers
Zapata Oil File
Business Alphabetical Files
FILE LOCATION
Zapata - Hall and Mize, Notes - Replies on Share of Legal
OA/ID Number
Expenses [1966]
Date Closed
01/18/00
RESTRICTION CODES
Presidential Records Act - [44 U.S.C. 2204(a)]
Freedom of Information Act - [5 U.S.C. 552(b)]
P-1 National Security Classified Information [(a)(1) of the PRA]
F-1 National security classified information [(b)(1) of the FOIA]
P-2 Relating to the appointment to Federal office [(a)(2) of the PRA]
F-2 Release would disclose internal personnel rules and practices of an
P-3 Release would violate a Federal statute [(a)(3) of the PRA]
agency [(b)(2) of the FOIA]
P-4 Release would disclose trade secrets or confidential commercial or
F-3 Release would violate H Federal statute [(b)(3) of the FOIA]
financial information [(a)(4) of the PRA]
F-4 Release would disclose trade secrets or confidential or financial
P-5 Release would disclose confidential advise between the President and
information [(b)(4) of the FOIA]
his advisors, or between such advisors [a)(5) of the PRAJ
F-6 Release would constitute a clearly unwarranted Invasion of personal
P-6 Release would constitute a clearly unwarranted Invasion of personal
privacy ((b)(6) of the FOIA]
privacy [(a)(6) of the PRAJ
F-7 Release would disclose information compiled for law enforcement
purposes ((b)(7) of the FOIA]
C. Closed in accordance with restrictions contained In donor's deed of gift.
F-8 Release would disclose Information concerning the regulation of
financial Institutions [(b)(8) of the FOIA]
F-9 Release would disclose geological or geophysical information
concerning wells [(b)(9) of the FOIA]
GEORGE BUSH
1701 HOUSTON CLUB BUILDING
those return did different.
HOUSTON, TEXAS 77002
62
October 6, 1966
When it appeared that the Mize-Hall notes might have to be
put into default and that our interests might be in jeopardy,
I retained the Houston firm of Fulbright, Crooker, et al, to
protect our interests.
The firm handled the closing for us. Prior to this, their
tax department and corporate department studied various
alternative plans which we might have had to use, provided
adequate financial arrangements had not been made.
In my opinion, the enclosed bill is a fair one.
I have set out your proportionate amount of the notes and
shown this percentage of the full legal fee:
I have paid the entire bill so your check for reimbursement
should be made payable to George H. W. Bush.
Very truly yours,
George H. W. Bush
GEORGE BUSH
1701 HOUSTON CLUB BUILDING
HOUSTON, TEXAS 77002
October 6, 1966
When it appeared that the Mize-Hall notes might have to be
put into default and that our interests might be in jeopardy,
I retained the Houston firm of Fulbright, Crooker, et al, to
protect our interests.
The firm handled the closing for us. Prior to this, their
tax department and corporate department studied various
alternative plans which we might have had to use, provided
adequate financial arrangements had not been made.
In my opinion, the enclosed bill is a fair one.
I have set out your proportionate amount of the notes and
shown this percentage of the full legal fee:
I have paid the entire bill so your check for reimbursement
should be made payable to George H. W. Bush.
Very truly,yours,
George H. W. Bush
GEORGE BUSH
1701 HOUSTON CLUB BUILDING
HOUSTON, TEXAS 77002
October 6, 1966
When it appeared that the Mize-Hall notes might have to be
put into default and that our interests might be in jeopardy,
I retained the Houston firm of Fulbright, Crooker, et al, to
protect our interests.
The firm handled the closing for us. Prior to this, their
tax department and corporate department studied various
alternative plans which we might have had to use, provided
adequate financial arrangements had not been made.
In my opinion, the enclosed bill is a fair one.
I have set out your proportionate amount of the notes and
shown this percentage of the full legal fee:
I have paid the entire bill so your check for reimbursement
should be made payable to George H. W. Bush.
Very truly, yours,
George H. W. Bush
GEORGE BUSH
1701 HOUSTON CLUB BUILDING
mailed who did to trose not ret
HOUSTON, TEXAS 77002
To
October 6, 1966
When it appeared that the Mize-Hall notes might have to be
put into default and that our interests might be in jeopardy,
I retained the Houston firm of Fulbright, Crooker, et al, to
protect our interests.
The firm handled the closing for us. Prior to this, their
tax department and corporate department studied various
alternative plans which we might have had to use, provided
adequate financial arrangements had not been made.
In my opinion, the enclosed bill is a fair one.
In the event you feel you do want to pay a part of this bill,
I have set out your proportionate amount of the notes and
shown this percentage of the full legal fee:
I have paid the entire bill so your check for reimbursement
should be made to George H. W. Bush.
Very truly yours,
George H. W. Bush
GEORGE BUSH
1701 HOUSTON CLUB BUILDING
HOUSTON, TEXAS 77002
October 6, 1966
When it appeared that the Mize-Hall notes might have to be
put into default and that our interests might be in jeopardy,
I retained the Houston firm of Fulbright, Crooker, et al, to
protect our interests.
The firm handled the closing for us. Prior to this, their
tax department and corporate department studied various
alternative plans which we might have had to use, provided
adequate financial arrangements had not been made.
In my opinion, the enclosed bill is a fair one.
In the event you feel you do want to pay a part of this bill,
I have set out your proportionate amount of the notes and
shown this percentage of the full legal fee:
I have paid the entire bill so your check for reimbursement
should be made to George H. W. Bush.
-Very truly yours,
George H. W. Bush
GEORGE BUSH
1701 HOUSTON CLUB BUILDING
HOUSTON, TEXAS 77002
October 6, 1966
When it appeared that the Mize-Hall notes might have to be
put into default and that our interests might be in jeopardy,
I retained the Houston firm of Fulbright, Crooker, et al, to
protect our interests.
The firm handled the closing for us. Prior to this, their
tax department and corporate department studied various
alternative plans which we might have had to use, provided
adequate financial arrangements had not been made.
In my opinion, the enclosed bill is a fair one.
In' the event you feel you do want to pay a part of this bill,
I have set out your proportionate amount of the notes and
shown this percentage of the full legal fee:
I have paid the entire bill so your check for reimbursement
should be made to George H. W. Bush.
Very truly yours,
George H. W. Bush
FULBRIGHT, Crooker, FREEMAN, BATES & JAWORSKI
ATTORNEYS AT LAW
BANK OF THE SOUTHWEST BUILDING
HOUSTON, TEXAS 77002
JAMES H. KERR, JR.
PARTNER
October 4, 1966
1a
RECEIVED
OCT 5 1966
Mr. George Bush
1701 Houston Club Building
Houston, Texas 77002
6% Installment Notes,
Zapata Offshore Company
Dear George:
Enclosed is our statement for legal services and
disbursements performed for the various noteholders in con-
nection with collection of the 6% Installment Notes executed
by Messrs. Hall and Mize pursuant to Collateral Trust Inden-
ture dated as of February 7, 1966. We appreciate your calling
on us to handle this matter and trust it was handled to your
satisfaction.
Sincerely,
James James H. Kerr, Jr.
JHK-Jr/bf
enclosure
October 4, 1966
Mr. George Bush
HOUSTON, TEXAS,
1701 Houston Club Building
Houston, Texas 77002
TO FULBRIGHT. CROOKER. FREEMAN, BATES & Jaworski
BANK OF THE SOUTHWEST BUILDING
Legal services relating to collection of 6% Installment
Notes executed by Messrs. Hall and Mize pursuant to
Collateral Trust Indenture dated February 7, 1966, includ-
ing review of Collateral Trust Indenture, agreement of
sale dated February 3, 1966, conferences with clients,
research relating to securities, tax, and collection
matters, conferences with officers of First City National
Bank of Houston, attorneys for maker of notes and pur-
chasers of notes and attending closing
$1,500.00
DISBURSEMENTS:
Telephone calls and telegrams
52.25
TOTAL
$1,552.25
Pd beorge Bash 10-5-66 ck # 2417
AS
Withdrawal/Redaction Sheet
(George Bush Library)
DOCUMENT NO.
SUBJECT/TITLE
DATE
RESTRICTION
CLASS.
AND TYPE
05. List w/
List of stockholders with financial information (15 pp.)
2/3/66
C
attachments
COLLECTION
George Bush Personal Papers
Zapata Oil File
Business Alphabetical Files
FILE LOCATION
Zapata - Hall and Mize, Notes - Replies on Share of Legal
OA/ID Number
Expenses [1966]
Date Closed
01/18/00
RESTRICTION CODES
Presidential Records Act - [44 U.S.C. 2204(a)]
Freedom of Information Act - [5 U.S.C. 552(b)]
P-1 National Security Classified Information [(a)(1) of the PRA]
F-1 National security classified information [(b)(1) of the FOIA]
P-2 Relating to the appointment to Federal office [(a)(2) of the PRA]
F-2 Release would disclose internal personnel rules and practices of an
P-3 Release would violate a Federal statute [(a)(3) of the PRA]
agency [(b)(2) of the FOIA]
P-4 Release would disclose trade secrets or confidential commercial or
F-3 Release would violate a Federal statute [(b)(3) of the FOIA]
financial information [(a)(4) of the PRA]
F-4 Release would disclose trade secrets or confidential or financial
P-5 Release would disclose confidential advise between the President and
information [(b)(4) of the FOIA]
his advisors, or between such advisors [a)(5) of the PRA)
F-6 Release would constitute a clearly unwarranted Invasion of personal
P-6 Release would constitute a clearly unwarranted invasion of personal
privacy [(b)(6) of the FOIA]
privncy [(a)(6) of the PRA]
F-7 Release would disclose information compiled for law enforcement
purposes [(b)(7) of the FOIA]
C. Closed in accordance with restrictions contained in donor's deed of gift.
F-8 Release would disclose Information concerning the regulation of
financial institutions [(b)(8) of the FOIA]
F-9 Release would disclose geological or geophysical information
concerning wells [(b)(9) of the FOIA]
10a
PAGE 12, SECTION 5
THE HOUSTON POST
*
THURSDAY, SEPTEMBER I, 1966
OIL and GAS
Stockholders OK
Zapata Expansion
Stockholders of the Zapata
change, as a step to comple-
Off-Shore Co voted overwhelm-
ment Zapata's world-wide ma-
ingly Wednesday for a man-
rine drilling operations.
agement proposal to acquire
Zapata recently asked the
Williams-McWilliams Indus-
Securities and Exchange Com-
tries, Inc, a New Orleans-
mission to register debentures
based dredging and marine
and warrants to be used in the
construction contractor.
Williams-McWilliams transac-
Less than one-tenth of Za-
tion.
pata's 1.2 million-plus shares
THE EXCHANGE rate in
of outstanding stock was cast
the pending acquisition will be
against the proposal during a
$13 principal amount of de-
special meeting in the com-
bentures for each share of
pany offices here.
Williams stock and a warrant
SHAREHOLDERS also au-
to purchase one share of Za-
thorized a new class of voting
pata common stock for each
stock consisting of 2 million
two shares of Williams stock.
shares of preferred stock,
If all Williams stock is ten-
without par value.
dered and accepted, the trans-
A record turnout of nearly
action would involve more
100 shareholders was present
than $10.4 million in deben-
for the special session pre-
tures and warrants.
sided over by D. Doyle Mize,
board chairman.
John F. Maher, Houston in-
vestor, is the chief executive
The Mize team urged the
officer of the Williams firm
Williams-McWilliams acquisi-
tion, through a stock ex-
and owner of approximately
56 per cent of its stock.
Maher and David T. Searls,
Crude Stocks
Houston attorney and coun-
sel to Williams and Maher,
In U.S. Dip
will be invited to join the
Zapata board of directors, ac-
cording to Zapata's proxy
The national level of crude
statement.
oil stocks edged downward
William H. Flynn, president
last week despite substantial
of Zapata, told the Post that
advances in Texas.
Maher and Searls have indi-
The American Petroleum In-
cated they will accept the in-
stitute reported Wednesday
vitations.
that U.S. crude stocks totaled
WEDNESDAY'S special
253,435,000 barrels at the close
session lasted about 25 min-
of last week, against 253,764,-
utes during which Robert H.
000 the previous week and
Gow, secretary, read a man-
243,799,000 a year ago. East
agement statement regarding
of California crude stocks
the company's position in light
amounted to 224,519,000 bar-
of recent developments on the
rels, compared with 223,631.-
stock market.
000 a week earlier and 213,-
028,000 last year.
The statement said, "There
Texas inventories totaled
are not now nor have there
105,290,000 barrels last Fri-
ever been any discussions or
day, an adance of 680,000 for
plans to merge or otherwise
the week.
consolidated" Zapata a nd
Stocks, by grade or origin,
Westec, Inc, a Houston hold-
and change from previous
ing company.
week (in thousands of bar-
The statement added that
rels):
no agreement or understand-
Pennsylvania grode 2,118, inc 8; other
ing exists between E. M. Hall
Appalachian 1,469, inc 19; Limo-Michi-
gon 1,584, inc 104; Hlinols-Indiana 8,346,
Jr, former president of Wes-
279; Kansas 7,219, inc 37; Nebraska-
North Dakota 2,812, dec 36; Oklahoma
tec, and the Zapata chairman
18,881, dec 458; Arkansas 907,
Inc
10; Mississippi, Alabama and Florida
regarding present or future
3,862, dec 360.
East Texas 7,543, dec 30; West
plans management or opera-
Texas 56,757, inc 407; Gulf Texas 15,-
tions of Westec and Zapata.
756, Inc 6; other Texas 25,234, Inc 297;
Northern Louisiana 4,093, inc 134; Gulf
"Neither of them is an offi-
Coast Louisiana 22,754, Inc 811; New
Mexico 73,02, dec 110 ; Woming 15,981,
cer or director of the com-
dec 71; other Rocky Mountain 10,078
inc 102; California and Alaska 21,205,
pany with which the other is
dec 1,199; foreign in District V 7,711,
dec 18 under revised figure for pre-
associated," the Zapata paper
ceding week; and other foreign 11,823,
inc 297.
stated.
THE HOUSTON POST
SECTION 5, PAGE 11
THURSDAY, SEPTEMBER 1, 1966
*
Net
Soles High Low Last Chg
MARKETS AT
Transitron
273 17½ 161/4 16%
TranswnP
50
24 12% 12½ 12%
Tri Cont 40e
38 211/2 207/8 207/a
A GLANCE
TriCon pf2.50
44½ 441/a 441/a
Triangle C 11
17 27% 25½ 267/a 43%
TRW 1.40
106 42½ 41% 41%
TRWpfA 4.25
16 129 129 129
-4%
Tung Sol
28
41%
40%
411/4
NEW YORK-
Twent Cen 3b
50 27 V4 26½ 27 Va +
Stocks-Higher; heavy trading.
Cotton-Higher.
U
CHICAGO:
Wheat-Mostly firm; September easier.
UARCO 90
2
19
19
19
Corn-Mostly firm; September easier.
Udvlite 1.60a
301/4
30
30%
Cats-Steady to weak; liquidation.
UMC nd 960
58 14
131/2
13%
Soybeans- Higher moderate late buy-
Unarco 40
9
10
93/4
9%
Hogs-25 to mostly 50 cents lower; top
Unil Ltd 42e
$25. 10.
Unil
NV
46e
95 21% 211821-
Slaughter steers - Steady to 25 cents
UnCamo 1.72
37 3812 374 38 +
low-34; top $27.50.
Un Carbide
394 50% 49% 50
Un elec 1.12
42 22 2 22
22%
Net
Un El pf4.50
z90 78
77½
77½
Sales High Low Last Chg
UnOCal 1.20a
122
50%
50%
Sheraton 40a
32
9%
8%
9½
UOCal 112.50
67%
66½
Sher Wm 1.90
41 42/4 41/2 42
Un Pac 80a
x117 35 35 35...
ShoeCp Am
1
6 15 1515+
UnPac f.40
7½
7½
7½
Shulton 80
27a 2727-
Tank 2.30
43 6034 581/2
60
Siegel HI
68
10 20 19419...
Unishops 960
18 20% 20
Signode 1.20
UnitAirLin
1
7 31 3131+
511/4
491/4
17
307/a
UnitAirc 1.60
144 71
Simmon 1.20a
30 /2
69 1/2
69% +11
SimpPn 1.10b
5 371/2 37
UnArtist 25e
125 237 22/2 2221
Unit Carr
Sinciair 2.40
63 597/8 59
217/a
211/a
21%
SingerCo 2.20
52 46 443434
461/2
+2
UnitCorp 40e
83/a
8½
83/s
UEICoal 1.80
Skelly Oil
2a
8 105 1054 1052....
43
43
Un Eng&F
20
161/4
Skil Corp
X12 234 234 234 +1
1614
Unit Fin Cal
47/a
SmithAO 1.20
18 24/2 23/4 24
45/a
4%
Fruit
SmithK 1.80g
53%
527/8
53%
.55e
UGr-Cp 3.70
Smucker .60
18%
177/s
18%
UnGlmo 1.08
20 18418218-
Sola Bas 60b
20%
19%
U Greenf .60
SooLine 3.15e
16
35½
351/2
Unit eindust
56 214 20% 21
SoCaro EG
34
281/4
281/4
Unindus
lf.42
12 10 10 102
SouJerG 1.40
263/4
Unit MM
20
26 2622
SoPRSug 50e
24
21%
2016
201/8
Unit Nuclear
89 19 1834 19
SouCalE 1.25
140
3178
311/8
31%
Unit Pk Min
22 24 282
South Co
it
106
25½
UnShoe $.50g
55%
54%
55% +1
SouinGE 1.24
2 264 2626+U Borax
la
11 26 2 26
26 /2 +
SouNGas 1.30
24 2614252614
USForS 1.21e
25%
25%
25%
Sou Nitro
70
17%
17%
USFrht
1.80g
22 44
SouthPac 1.50
176
30%
29½
USGvpsm 3a
106 4814 47 48
South Ry 2.80
38 447/a 44
443/4
+
Ind 42e
149 1612 154 1614
Sou Ry of
1
16 1616...
Lines b
Swest PS 64
14 1313-14
USPipe 1.20
25 18% 18
18%
Sport Ind 40
3.45e
9
26½
SpartCorp 40
50
7%
81/8
USPlvwd 1.40
327/8
SperrHut 20e
60 20 20
Rub 1.20
384 38Ve 381/4
Sperry Rand
2398
29%
281/4
281/4
Shoe 1.20
25 1/a
247/8
247/a
Square D 60
Rub
of
8
Staley 1.40a
36½
z1540 135 133 135
StdBrand 1.30
51
301/8
29%
+17/8
USSmelt 75e
311
43%
401/4
41%
Std Kolls 13e
143
23%
23%
USSme 15.50
2
77½
77
Stoll Cal 2.50
230
58%
58%
Steel
2
270
40%
39
39½
StOCal pf cid
7 834 824 834 +194US
Tob 1.60a x25
27%
27
27%
StOillnd 1.70 184 43½ 42% 7/8 USTob of1.75 v100 41 41
41
StOllNJ 2.40e
412 64% 61% 64
+3
Unit Util 76
211/2
207/a
207/a
StdOllOh 2.40
58 1/4
Unit Venture
11
2
1%
13/4
Sto Oh pf3.75
73½
73½
73V2 -1
Unit Whelan
8%
8½
8½
St
Packaging
81/4 + Ve
Univ Amer
63
13%
13
131/8
Std Press .60
17%
17
17% +1
UnAm2of 3.75
7
32%
32½
32½
StPrudUn .66
26 10 1/2 10%
10% - Va
Univ leaf la
20
2012 19 20 +1
StanWar 1.50
48
451/2
47½
UnivOPd 1.40
24 67 2 654 67
Stan Wks 1.20
28
27½
Upiohn 3.48
22
68
66%
67½
Stanray 60
30
12%
121/4
Utah PL 3.52
34
287/8
28 1/s
Starrett LS
1
21
UTD Corp
6
20% 19% 20%
StauffCh 1.60
123
377/s
37½
37%
SterchiBr 80
16 1514414-
V
SterlDrug 80
129
32%
321/4
SterIDr pfl.50
4 432 43 43
VallyMid
1.20
16½
161/4
16%
StevensJP
2
44 48464
VanRaal 1.30
231/8
22½
23
StewW 1.50b
7.28
27%
Vanad 1.40g
19
23%
247/a
StokeVC 80b
Varity 1.20
124
30%
301/2
30½
Stone Web
3a
7 52511 522 +2
Varian was
347
36%
34½
34V2
StoneCont .50
193/4 Veederin 1.60
x6 30
29%
StorerBdcst
1
26 3334 33
331/a
Vendo Co
50
24%
23%
24%
StouffFds 50
4 25 25 25-Victor
.30
11 44% 43V₂
431/2,
Studebaker
1.28
102 39% 38%
SuburGas 68
11%
VoE&P of 5
Sub Prop 1.52
40
25%
VoEP pf4.04
220 69
69
69
SuCrest .80
2 164 164 164+
VonGroc 3.20
10 25% 243/4 24%
SunChem .40
Vornado Inc
Sun Oil 1
1 50 49% 50+
Vulcan Mat
3
11
18
177/a
17%
Sunasco
23 13 127a12+
Sunas pfl 65
6 224 222222+
W
Sunbeam 1.16
Sundstnd 1.20
WagnEl 1.20
28½
28%
28½
Sunroy 1.40g
Wlgreen 1.30
34½
32%
341/4
SunshMng
50
WalkerH 1.20
35
SuperOil 1.20
28 104% 1024 102/2 +14
25 2 26
WallMurr 70
x75 40 392 40
49 26242262
Swift Co 2
WollTier 3.10
Swingline 70
55
37%
35%
37½
+21/e
7 32 3134 32
Walworth Co
13 882
SymWay 1.30
12
20%
201/a
201/8
Word Foods
T
WarnBro 1.20
18
23½
22%
WarBr pfl.22
25
WarnPict .50
Taff Brd .60
21%
21
21% + + 1/4
13% 127/a 131/4
Warn Co 1.44
27%
2734 +3
Talcott
13 15 4 15
1
95 35 32/2
Talon Inc 80
39
201/2
19
34/2.42
f4
z280 105/2 100
1051/2 +7
Tampa El 60
19
26
25%
25%
Warn
1.60
Tandy Corp
151/a
147/8
15
Warr
1.40
4 3939391
TechMat 261
8
8
WashGas
1.48
Tektronix
93 34 321/4
32½
9 274 2727
1.16
7 21%20
Telautogra
5½
5½
WaynKnt 1.40
4 23232
Teledyne Inc
841/2
78%
79%
Webb Del E
Teledy pf3.50
89½
88
88
Wels Mkt 960
15 174 16417
Tenneco 1.16
19%
20
Welbilt 05g
Texaco 2.40a
248 64
63
631/4
WelchSci
.40g
2 17 17417
TexETrn 1.05
18%
18Va
801
2299849
TexGasT 1.34
26%
261/8
Westcst Tran
TexGSul 40
326 86% 8214
Westcst
Tr
en
Texos Ind
1b
13 15 15 15 15 4
WstPt Pep
39½ 42
Texasinst
.60
248 119% 114 116% WVaPulp 1.70
x9 45% 44
443/a
Tex Oil G 10
19
18%
Westn AirL
204 45% 44
TexP Ld 35e
14½
14%
14%
WnBanc 1.10
Tex Util 1.44
487/a
477/s
48
WstnMd 1.60a
1 284 284284
Textron
471/4
447/a
46%
WstnPac 2.20
14 34/4 33
33%
Thiokol 25e
116
141/4
13%
13%
WUnTel 1.40
188
30%
ThomBef .80
23 Va
Un pf4.60
78%
78%
Thomasvi 70
4 18
17%
WstgABk 1.80
19 32'e 315a 31
ThriftyDr 60
28
17½
16½
WestgEl
1.40
351 444 43 43
Tidewat Oil
70 62 61Va 62
WestE pf3.80
72½
72½
TideO pfl
20
7 224 224 2234
Weyberg 1.20
191/4
191/4
Tcme Inc 11.90
34
81
791/4
Weverhr
1.40
169
321/a
31%
317/8
TimesMir 80
60%
Wheelg Steel
13 24
231/a
231/a
Tim RB 1.80g
SN
of
z200
64
637/s 64
Tish Regi
70
1 212121-WhirlC 1.60
46 3914 374 39
TobinPack 3a
Cons
121 386 352 354-1
Toled Ed 1.28
23
287/8
White M 1.80
ToofRoll 40b 337/m White Str 1b 3 22%
Torring 1.60
WickesCorp
191/2
19½
Tract Sup
50
101/2
Wilson Co
2
44V2
43½
44½
Trane Co 80
3.44 13 3114 307 31
TransWAir
617
677/m
64 1/8
WisEIPw
1.24
24½
23%
24%
Trans W Sin
17
4%
45/a + 1/4
Transam 90B
129 27% 26 26% +11/2
Transa pf4.50 105 105 105 +2
Continued on Page 12
BANK, TRUST, INSURANCE
NEW YORK (AP) - The|Cont Assur
57 58 Mt Vernon N Lf 8%
following bid and asked Contin Cas
361/4 371/4 Mutual Sav Lf
71/2
quotations, supplied by the|Cont Fid Lf
17/m
21/4/Not Fid Lf
12
300
National Association
CORPORATION AIM TO GET HOUSE
W estec Takes
By SAM WEINER, Post Business Editor
sion (SEC) hinted that the 10-
The Westec Corp, rocked by a ban on trading of
day ban on trading of Wes
its stock, an SEC investigation, the ouster of its
tec's stock may be prolonged
because of the time required
president and resignation of its board chairman, be-
to audit the company's books.
gan taking steps Wednesday which are intended to
The company authorized
set its house in order.
Baker, Botts, Shepherd &
These were the rapid-fire developments:
Coates, its legal counsel, to
Keith Beeman, well- committee was named to
continue assisting the SEC in
known electronics executive,
serve in place of the com-
its probe of events which led
emerged in a dominant role
pany's board of directors.
to suspension of trading of
in the company's operations
The company authorized
Westec stock.
after Ernest M. Hall Jr was
Ernst & Ernst, independent
MEANWHILE, IT was
removed as president a n d
accountants, to audit Westec's
parted that a number of other
James W. Williams resigned
books as of Aug 31, 1966.
interested parties have a Is
as chairman of the board.
A spokesman for the Se-
asked their attorneys to look
A five-member executive
curities & Exchange Commis-
into the situation.
THE HOUSTON POST
Business & Finance
Section 5, Page 9
Thursday, September 1, 1966
ATIONS
BILL
Net
Sales High Low
Lost Chg
DURHAM
Vhite Crs .60
4
263/4
261/2
261/2
+
1/8
White Eggle
32
1%
1
11/4 - 1/4
Vichita R Oil
2
1%
13/4
1%
ViebStrs
.71t
26
11
10%
10% +
Post Agricultural Editor
/mhouse
.54f
5
141/4
14½
141/4
-
1/8
/Illiams Bro
30
45
43
43
-
mMcW
.15e
119
177/a
15%
161/4 - %
ilshire Oil
74
4
3%
4
+
Illson Bros
12
127/8
12%
12%
/inkelmn 40
4
7½
7
7½ +
South and East Texas Counties
VolveAl- .40b
2
16½
16%
16½
+
Vs
/oodNM .45e
z100
11
11
11
Voodsind
.64
10
161/8
15%
161/8
+1
Vork Wr .50
5
13%
131/2
131/4 -
VridColor .50
2
12½
12½
12½
+ %
Making Plans for Showing Hay
Vright Harg
71 3-16
11/a
IVa
Vyomisso .60
1
117/s
117/s
117/8
It's hay show time again in Texas and we are
X
getting announcements and reports about shows from
Xtra Inc
103
71%
67Vs
671/4
-1%
all over South and East Texas.
Y
The state show will again be
Yonker Rt 12g
10
47/a
4%
held in Houston. The date
grass, the most popular grass
4% - 1/4
is Oct 21 and the show will
grown for hay in this area,
Z
be held again at the North
leads in entries.
Lale Corp .68
11
211/a
20%
207/a - %
ZapOftSh .86f
570
35
30%
Houston Livestock Auction on
There are 20 Johnson grass
31%
-2
ero Mfg
17
8%
8½
83/4
+
entries and Coastal Bermuda
Zion Foods
1
2½
2
2½ -
Rankin Road.
comes second with 16, Moore
SALES
WE HAVE a report from
Approx total stock soles
2,260,000
said.
Stock sales year ago
1,477,870
прргох total bond sales
$790,000
Colorado County Agent Doyle
THIS IS the second annual
Bond sales year ago
$553,000
Moore that 50 entries have
show for Colorado County
Safes figures are unofficial.
been received for that coun-
and again the samples are be-
Unless otherwise noted. rates of divi-
dends in the foregoing table are annual
ty's hay show which will be
ing run through the Texas
disbursements based on the lost quarterly
Γ. semi-annual declaration. Special or
held at the Dennis Catering
A&M University laboratory to
xtra dividends or payments not desig-
nated as regular are Identified in the
Hall in Columbus on Sept 8.
determine protein content and
allowing footnotes
Moore says that Johnson
other factors.
q-Also extra or extras. b-Annual
ate plus stock dividend. c-Liquidating
lividend. d-Declared or paid in 1965
Hus stock dividend. e-Declared or paid
a for this year. f-Payable in stock dur-
Montgomery County Date Set
ng 1965, estimated cash value onex-divi-
and or ex-distribution date. g-Paid last
We also have an announce-
the Montgomery County
ear. h-Declared or paid after stock divi-
end or split up. k-Declared or poid this
ment of the Montgomery
Chamber of Commerce.
ear, on accumulative issue with divi-
County hay show, which will
Hay samples in this show
lends in arrears. n-New issue. p-Paid
his year, dividend omitted, deferred or
be held on Oct 13 at the Cow
will also be run through the
Anken at last dividend meeting
IN ORDER
Major
Steps
"Just about every big law
its action "was also based
benefit just in case the SEC
firm in Houston has clients
upon information which raises
walks in and wants a list of
who are interested in this,"
questions as to the accuracy
our stock transactions in Wes-
one attorney told The Hous-
of recent public announce-
tec."
ton Post.
ments by the company con-
Financial circles have re-
Beeman, chairman of the
cerning copper exploration in
ported that approximately
Geo Space Corp, Westec's
South America and other mat-
half-a-dozen brokerage firms,
largest subsidiary, was
ters."
about five of which are in
named chairman of an operat-
The Houston Post's Wash-
Houston and one in New York,
ing committee which will take
ington Bureau asked the SEC
took orders totaling 160,000
over the functions previously
Wednesday whether it could
shares from An unidentified
performed by Williams and
elaborate on what the "other
individual about 10 days ago.
Hall.
matters" were. A commis-
It was reported he may have
Financial circles are spec-
sion spokesman said the secu-
been acting for a group.
ulating on whether this puts
rities regulation agency could
When the market value of
Beeman in line for one of the
not.
top executive posts at Wes-
the 160,000 shares dropped,
ORVAL L. DuBOIS, secre-
tec. but an attorney of Baker,
tary for information to the
along with the stock market
Botts, Shepherd & Coates,
commission, remarked, "We
as a whole, the intended pur-
acting as spokesman for the
are in a fortunate position in
chaser of the stock notified
company, said there have
this matter in that the com-
the brokerage firms that he
been no moves made yet to-
pany is on our side."
couldn't pay for the stock, fi-
ward electing a new chairman
of the board and president.
"The company is going to
nancial circles said. The
co-operate to the fullest so that
American Stock Exchange's
Meanwhile, however, it is
once the facts are disclosed we
board of governors' suspended
understood that matters
can lift the trading ban," Du-
the stock's trading to prevent
which would ordinarily be re-
Bois added.
the 160,000 shares from being
ferred to the president of the
DuBois said the SEC does
dumped on the declining mar-
company are being routed to
have plans to lift the trading
ket.
Beeman's office.
ban "but just when is the big
Westec's announcement
BEEMAN WAS one of the
question." He noted that often
Wednesday about the remov-
co-founders of the Southwest-
a, trading suspension for a
al of its president and resig-
ern Industrial Electronics Co
specified period of time can
nation of its board chairman
in 1945 and served as its pres-
be extended for additional
was the first statement the
ident until Feb 20, 1960. Dress-
periods.
company has made since last
er Industries acquired SIE
ASKED IF IT were unlikely
week.
from Beeman and Richard H.
that the trading ban would be
THE STATEMENT, which
Parker, the other co-founder,
lifted before the audit is com-
came from Robert E. Moors,
in 1955.
pleted, DuBois commented,
Westec's secretary, mein-
Parker is also now with
"That's pretty good specula-
tioned that Williams "his
Westec, serving as president
tion."
been retained to be on callAto
of the Geo Space Corp, and
The Baker, Botts attorney,
provide the executive commi
he likewise is regarded as a
who is working at Westec's
tee with such information las
potential candidate for a high-
Houston headquarters with
they may request concerning
level executive post in Wes-
several other attorneys from
the continuing operation of
tec.
the law firm, said he could
the company."
Westec, a holding company
give no estimate as to the
Members of the executive
which has become more elec-
length of time which would
committee are W. W. Whit-
tronics-oriented through nu-
be required by Ernst & Ernst
nell, of Chicago, an inde-
merous acquisitions during
to complete the audit.
pendent director; Paul, Char-
the past few years, reported
Asked if approximately two
rin, a vice president of Wes-
total assets of $55.9 million
weeks might be a reasonable
tec and chief executive offi-
and a net worth of approxi-
guess, he said "we would
cer of the Pan Geo Atlas
mately $25.4 million at the end
have to be optimistic to expect
Corp, a subsidiary off Westec;
of 1965.
it to be finished in that time."
Bert V. Bock, president of the
THE TRADING in the com-
But he didn't say whether
Camerina Petroleurn Corp,
pany's stock was halted by
they were optimistic.
acquired in late 1965, by Wes-
the American Stock Exchange
Meanwhile, a. Houston bro-
tec; James B. Roedel, presi-
last week, and the SEC
ker described the suspension
dent of WECO Petroleum,
on Aug 26 announced that
of Westec's stock as "a real
Inc, another Westec subsi-
trading of the stock would be
mess."
diary, and Moore!.
banned for 10 days from
"I just imagine the SEC is
Members of the operating
Aug 29 to Sept 7, inclusive.
going to check this thing from
committee, hearded by Bee-
The commission said its ac-
one end to the other," he
man, are Bocks, Wendell W.
tion was based "on the need
said.
Gamel, president of the Met-
for clarification of Westec's
THE BROKER said he has
rics System Corp, part of
announcement of Aug 25, 1966
made a record of all transac-
Westec's Aerc#space Group;
concerning trading in the com-
tions his firm has ever hand-
Charrin, and John H. Van Al-
pany's stock." The SEC said
led in Westec's stock "for my
styne.
PAGE 10, SECTION 5
THE HOUSTON POST
THURSDAY, SEPTEMBER I, 1966
AMERICAN EXCHANGE QUOT
NEW YORK (AP)-Following is a com-
Net
Net
ete list of transactions on the American
Sales High Low Last Chg
Sales High Low Last Chg
Stock Exchange Wednesday.
Sales
Net
Fst N RI wt
10
5-16
5-16
5-16-1-16
OverhdDr .60
6
9%
9½
9%
(hds.) High Low Last Chg.
FirthStri 10g
39
5Va
47/8
+
Oxf Chem 33
9½
9½
91/4
FlexTube 42f
7
12½
12½
+
½
Oxford Elec
3½
3½
3½
OxfordFn 24f
2
5
5
A
F14 Tigr 1.24f
277
407/a
39
391/4 +
47/s
Forest Cit 20
3
4½
4%
4%
+11/4
Fresnillo 30r
137/e
13
13%
P
AbbeyRnt 32
9
181/4
17½
181/4
Friend Frost
27/8
27/a
27/8
Aber Pet 05e
22
31/4
31/a
Frontler 1.081
26
23 1/4
22½
221/2 + 1/2
2½
Pac Clay 1.50
9
191/2
19½
191/2
Acme Homil
27
2%
163/4
16%
Acme Miss
46
10
93/2
93/4
Pac Coast
17½
AeroFlow 15
5
G
Pac Cst Prop
15
63/8
6½
67/8 +
4½
4%
AeroietG 50a
13
22½
22
22½
PGE 6pf 1.50
14
261/4
25%
25%
Aeronca Inc
11
6%
6½
6%
Gale Indust
13
2%
2%
2%
PGE of 1.37
23%
23%
23%
1
8%
8 %m
PGE 5pf 1.25
20%
19%
Aerosol 1.21t
14
13
12½
13
Garanin 30e
83/8
Alleen Inc
20
7½
71/2
Garland .60
3 15% 15% 15%
rdpf 1.25
207/a 207/s 207/u
Airpt Pk 40a
4
19%
191/4
19%
Gate
Ind
15e
15
10
9%
10
+
4.80pfl.20
10
19%
19%
Airwork .10d
5
61/8
6
1/8
GateSport 32
16
16
16
Poc Indus
10
27/8
2%
6
8294
AlaxMag 10g
15
13%
13
13%
+1
GCA Corp
22
22%
22
22
PacLtg pf4.75
z10
82%
82%
Alon Wd 1.40
201/2
201/4
201/2
3/8
Gearhar 18b
10
101/s
97/8
10
+
PacLtg pf4.50
z210
79%
79½
79%
Alaska Airl
153
10%
9½
101/8
GenAccep at
4
4%
41/s
4%
Pac Nor Airl
181/4 17½ 17%
91/8
91/8
GenAllov 10e
6
5½
5%
5 /2 + 1/4
PacNwTel .96
18%
173/4
187/s
AllAmEn .42t
AllegAirl .06e
185
15V4
14½
14%
GenBatC 39f
39
6½
6
6½%
Poc Pet wt
23
37/8
3%
Gen Build
14
2
AllegCorp wt
5
57/m
17/a
17/8
Packers 24r
6
57/a
57/m
6½
Gen
Devel
3
107
4%
4½
47/8
4/2 + Va
Padding 1.40
27%
27
2734
Alliance TR
47/8
GenFoam .30
3
12½
12½
12½
PallCp A 32
13
13%
13½
13Yz
Allied Art
39
21/8
AlliedCon 44
17½
181/4
Gen Interior
+11/4
13½ 131/a 131/8
19
Pancoast Pet
146 15-16 +1-16
181/2
Gen
Plvwd
11
35 13% 13½ 13½
14%
Pantasot 371
11
7½
63/a
7½
Allied Pop
151/m
Gen Stores
20
17/8
1%
1%
74%
PapertKL 40
8
77/o
7½
AlloysUn .12d
170
78%
74Vs
Genisco 930b
18 97/8 9% 9%
Alsco A
6%
Park Ch 30a
97/8
9½
97/8
70
6%
GaPw pf4.60
z200
77
76
76
AltamilCp 20
44
10
9½
-11/2
Park Elec A
11
47/s
5
GianniniC 40
65
23%
14½
22
22
Alter Fds 50
11
14½
141/4
ParvDoh 40b
4 14% 14½ 141/2
Giant Fd 560an
17
17
+
Amco Indust
7
3½
3½
PatParP .60
171/4 17½ 17½
GiantY 60g
110
101/2
10
101/4
Ameco Inc
26
12½
12
12
1/8
Pato Con 10e
17 3% 3½ 3%
-
Glen Ger .50g
8½
8½
8½
AmBiltrit 60
14
13½
123/4
12%
Peel Elder
61 107/8 8%
GlenDirB 40
27/a127/m
127/a
Am Book 56
16
40
39 Va
39%
Pentron El
43 1% 11/2 1%
GlorayKn 960
13
12½
11%
12½
47/a
4%
Pep Boys 60
13½ 13½ 13Ve
ABkStra 10e
13
Gluckin 75
9 10% 10
10%
ABusiness .20
5
72
6q7
Peru Oils M
12 17/8 118
Goldfield
122
2½
2
2½
AM Electron
97
2½
2½
PhilbRsch 25
17
12
11
111/4
Goodwav Prt
4%
45/s
4%
PhilLgD 18e
3
6½
6½
61/a
Am Int AI
TO
3
2½
3
GordJiv A 940
12
141/4
14
14½
+
%
28½
A Israell 19e
4
27/8
27/m
27/8
1/8
Philips Elect
23
27
+
Gorham 1.60
4 35% 35
35
AKU PN 1.1/2-E
1/4
1/8& 1/2
39½
Philipsind
32
12%
12
Grav Mfg 3
40
9
77/8
8%
AmPetro 20e
4
72/4
Phill Eck 20
5% 5½
+
Bas Pet
112
2%
2½
2½
Am Real Pet
6
3V4
3½
3½
PhillipsS 20a
67/8
GtLok Chem
80
3%
3½
A SafeEq 16
31
9
8%
9
+
Phoenix 1.65t
26 157/a 15% 15 /2 4
GrerHvd
50
3 13% 131/4 13%
AMK Cp 37+
8
9%
91/8
91/4
GrocRtr
z300
Plasecki Airc
10
7½
3.20a
24
23½
24
AncPost 80b
173/4 17% 17% Grow Ch .30b
Pierce G .15e
x3
11
11
11
5
13%
13
131/4
Andrea R
50
26 25 23½ 237/8 + 7/6 Gulf Am aid
68
8%
Pike Corp 40
21 25% 24% 24%
77/8
8½
37½ 36 1/2
Andy Gard
2
2
Gulf StLand
13
8
7%
%
Pike Ampf
1
8
ANelex Corp
26 11% 111/8 11% If SULPHUR
-
PionrAero 60
9% 9%
1/21/4
/97/8% 17%
Ang Lau .95e
30
7½
7½
7½
Guiton
Indus
45½
½
PionPlas 10e
14 6% 6½
63
43½
43V2
AngWupp .50
6 111/a 11½ 111/2
Pitt Rwys 50
22½
22
22
Ansul Co 50
2
13
13
13
H
Plan Resrch
35 17 151/g
13 23/4 2% 2% + Vo
AnthPool 18p
2% 22/4 23/4 +
Plant Ind
AP Parts 90
15%
15%
15%
HB Amer 25
26
41/4
4½
4½
PlumeAt 40b
211/4 201/8 211/4
Apache .10
87/4
8½
83/4
Holl
Lamp
17
57/m
PlyRub A 50
111/2 111/4 111/2 - 24
5%
API Inst .40a
13
147/8
14½
141/2
Hondlemn .80
6 15 14% 14%
PlyRub B .50
1 11% 115/a 11%
APL Corp
26
73/4
7½
marn Lorp
80
IVa
Pneu Dyn
36
136 24 22% 23/4 +1
39
4%
4½
APL pfB.50
8
7%
7½
Harnischt
$
14 33% 33
33
Polared El
Apollo Indust
5½
5½
51/8
HartAlfrd 40
8
8
Poloron Pd A
15 9½ 87/s
AppPw pf4.50
z340
78½
78
78
Hartfield Str
2 6½ 6½ 6½
Polycast Cp
20 1% 11/2
Aqua Chem
7
111/4
101/2
111/4
Harvard aind
4 7½ 7½ /Ve
Polychm .05r
7½ 7% 7½
Argus Inc
38
6%
Horv Rad 12
4
A
4
Polymer 16r
3 137/a 13% 137/8
ArkLGos 1.50
39
36%
35 1/2
361/s
HarvStrs 24b
1
5Vs
51/a
5½
PortEITI 30
10 9% 9%
Arrow Elect
3
3%
3½
33/g
Hastings 50
2
11/4
11/8
Potter Inst
10 137/a 131/4 137/s
ArwoodCp
32
3
151/s
147/a
151/8
Head Skl Co
12 9½ 9½ 9½ 3/4
Pow Can 44
101/8 10Vs 101/8
A samera Oil
191
23/4
HebrNat .10e
3
5%
5 1/8
Proirie Oil
635-16 3/4 3 5 5-16
Heinicke Inst
7
8½
8½
Pratt 1.60a
35
35
/ ssdBaby .60
11½
11½
111/2
A sdOll & G
81
2½
HelenR 11.30b
4
271/4
26½
26½
PrentHall 68
25
55 1/2
55
+2
AI trex Inc
26
6%
Heller of 5.50
30 87½ 851/2 85½ PresRIA 70
4
9%
9½
9½
As trodata
45
301/2
28%
283/4
Herc Gal .291
5 6½ 6½ 6½ Preston .14e
10
12½
12
12½
4
2%
2½
2½
HiltonHot et
14
7½
6%
PrintgCp 50
19 10% 101/2 101/2
Atc 0 Chem
Atle oFin 30b
1
9
9
Hitco 10g
21
5%
5
ProdRsch
28
14 97/a 9% 97/8
At Research
20
107/s
10%
10%
+
%
noe & Co
24 21% 20% 20% Proler Steel
20 15½ 14% 151/a
Alla : M 1.02a
127
25
231/4
23%
HoeCo A 58k
3
15½
16%
161/a
ProvGas
64
117/s 117/8 117/8 1/8
Attas Corp wt
31
HoernerW .82
5
20%
20
20%
PSColo
pf4.25
z25
77
77
Audie De 43t
15
321/a
31%
31%
-
Hofm aindust
1%
1½
PRic 1.80
3
54½
53 1/2
54½
+11/2
Auton not Rod
37/8
3½
37/a
+
Holly Corp
9
1½
to
PuritFash 40
11
11
10%
107/8
+
1/8
AutoS fiP .50b
14%
14%
14%
Holophan 3.20
231/2
23
23½
Pyle
Notl
.80
13
22½
22%
22%
+
Avien Inc
16
1%
17/s
1/8
HomOilA 35a
20% 20% 20%
Avis nd 20b
3
11½
11
111/2
HomOilB 935an
21
21
21
Q
Ayrsh Coll
1
1
407/a
407/s
407/a
5/a
orn&H
30p
11
15%
151/4
15%
Horn&H f
z20 69/2Γ69/2 69 1/2
Hoskins 80
15
Quebec Lith
229-1629-1629-16
B
15
15
H5use Fabric
3% 3% 3% + Va
R
HowEIM 10e
41
371/4
37%
16 101/4 97/a 10/4 + 1/4
Balfiel di Ind
230
HubbellA 1.04
22
22
22
Baker nd 60
21
261/a
24½
24½
Radiatn .70f
19
15½
14
151/4
+1½
Hud&Man A
41%
41%
41%
BaldM on .10g
28
8%
8½
81/a
Ramo
Inc
12
11/a
11/a
11/8
HughHat .30h
9
107/e
10%
10%
Bold/VI ont pfl
2
13%
13½
13½
Rapid Amer
43 87/a 8½ 87/a +
HuntCh A 40
2
25
25%
26
½
Bold Si C
10e
4
4
4
+
Rop Am pf.75
2
111/4
111/a
111/a
HuskvOil 915e
11
11
Banff Oil
71
107/8
10%
101/2
7/4
12
13%
Rath Pack
15
6½
63/8
6½
+
Hymon amia
13
13%
Banner Indus
15
1½
1%
+
1/8
Hydromatic
21/4
Real Inv 1.20
17%
17%
17%
21/8
2½
Vs
Barnes Eng
30
24%
23½
23%
!Hydrometal
31
Realty E wt
5½ 5½ 5½
7½
7½
3/4
Barnwell Ind
6%
7
+
HvgradF .50p
7 14% 14½ 14%
REDM Corp
10
4
3%
4
+
18% 177/a 18% 5/B
Redman 40
8
57/a
5%
5%
Barry W .60
Bartell 71
16 4½ 40/s 4%
I
Redwing 52b
101/2 10% 10%
BarthSp A 33
5% 57/a 57/8
Reeves Brd
11 47/a 4P/4 4%
20
17/a
+
Reeves Ind
26 27/8 27/8
Baruch R ast
ImpChm
16e
6 415-16 4 15-16 4 15-16
+
Vs
Beck Shoe
6
11%
11
111/4
ImpCh fn.16e
Relianin 1.32
4 33 32% 32%
100 4 15-16 4 15-16 4 15-16.
Bell Elect# on
6
5½
51/a
5½
+
ImpOrt 1,800
3
47½
47½
Remco Ind
3½ 3% 3%
47½
Belock Insi
29
3
27/8
ImpTbCa 970
1
127/8
127/a
127/a
Va
RemArm 30e
4 13% 13½ 13%
4
7%
7½
7%
Indian Hd at
Resistfix 40b
12 107/8 101/4 107/8
Benrus 30
9 8½ 8½ 8½
BergenD 34b
4
93/4
9%
9%
+
IndpisPL 14
z10 731/4 731/4 73-
Rest Wal 10e
4%
4%
4%
Berkey Phot
30
251/4
25
251/s
+
Ind El Hard
20
5½
47/a
47/a
RevcoDS 30b
x25 111/2 107/8 11
BerkshAp 54
14
81/4
8
8
Inlust Plywl
37/a
37/a
37/a
Revday Ind
40% 40 40% +
Beth Cp 10a
6
47/8
4%
47/8
+
3/8
RIC Group
10
1%
1%
1%
Inflight Pic
52
1,1/4
9½
Binney S To
1934 19½ 191/2
Inland credit
m3
3
3
3
RicoArg Mng
4 47/8 4% 47/8
Birdsboro Cp
11 5% 5% 5% + 1/4
BREWER
1/4
5 10% 5/81/4r 10V2 10% 5½ RioANspn wt
5½
RioAlgom .40
15
21
203/4
21
+
14
11/a
11/a
Intl Ind 9651
21
%
5-16
1/8
Blacksin Cig
BohackHC Co
3 16 157/8 16
IntStretch .30
z20 50½ 50 1/2 501/2
32 15% 67/a 14% 6% 15% Ritt FinB 34
RioG
VG
28
30
57/8 5% 5%
Interp'oto 40
5½
5½
5½
Bohck pf2.75p
Bonanza Air
715
16%
15
15½
+
m.ex On
2
9½
9%
Ууг
Riviana 1b
12
31
30%
30%
Botany Ind
23
14½
14
14
InvFund
60b
2 101/8 10
Robin
Tech
5
7
6%
7
+
101/8
83/8
9
40
Roblin
Stl
A
41
6
6
6
Bowmar Inst
21
9%
+
invDiv
59
7%
71/s
Bowser 20
7½
7½
7½
InvDiv B
40
59
7%
7 1/er
7%
Rockower
20
61/4
61/4
6½
BradFiG 20e
5
4½
4½
4½
rvingAh 25d
13
11
10%
11
RodneyM 41f
15
15
15
11
16 15% 15%
srom Corp
23
2
17/a
2
1/6
Rogers Corp
17 261/a 24% 24%
Bradford 60
BrazilLtPw 1
2311 T/8 7% 7%
Rollinsinc 24
22 241/2 24 24
Breeze 30e
8
7%
8
+
%
J
RooseRac 80
9 15 14% 14%
BrAmOll 1.10
27½ 2634 26%
Ross Prod
8 2% 2½ 2H
Brit Pet 43e
29
9 8 13-16
9
+
3/8
JacksnM 20b
1
8%
83/m
83/8
+
RowldPd 10p
17 16% 16½ 16½
BritPet otn 43e 4 $
9
9
9
Jeann aglass
13
5½
5½
5%
Roxburs Cpt
4 7½ 7½ 71/a
BrodySeat 36
14
67/8
6%
67/8
+
S/A
JeffConst 20
2½
2½
2½
Rovol
Amer
27 11/4 1% IVc
BrownEn 20
8
121/4
11%
121/4
JeftLPez 30b
5 241/8 23% 251/8 Roy School
23
6
5%
6
It
BrwnFB 40b
'x2
111/4
211/4
2114
Jervis Corp
5
137/a
13½
137/a
Rusco In .05e
20 2% 2½ 2% + 1/4
BrownF pf
XI
67/a
67/a
67/a
+
Jetronic aind
17
17/a
Vel
1%
Russeks Inc
17 12/a 1% 1%
25 10 TO +
RyanC Pet
47 91/4 8½ 9 +1
Bruce EL
7/a 37/a 37/a
K
RverHav 20b
2
4P/4
43/4
42/4
1/4
BSF Co
Bunk Ramo
Burma Mines
92 27 5-16 % Kaiser Ind
7
7½
97
8½
8½
8½
1/4
S
Burr JP
5
21k
2%
2%
Kaltman
77
4
3%
A
10
11
70%
11
+ 14
Kane Millerm
8
4%
h½
4½
1/8
StJohnTrk 990
3 15½ 15% 15½
ButlersSh 60
Butte Gas Oil
16
39.1
3%
3%
+
V4
Kaneb PL
50
15
16%
16
16%
9/4
StLawCp
1
24 20
20
20
KotzDrug
25
6
17%
17½
17½
%
Salem Bros
11
3½