European Stars and Stripes (Newspaper) - October 20, 1964, Darmstadt, Hesse Sunday october 20, 1964 the stars and stripes Page 23_i it fir a i. I in i narc of foot 2 Market talk mounts on possible steel Price hike by Jack new York a talk is Nusun Lent of a possible steel Price increase. The speculation was heightened by n few Smull selective boosts. In some quarters the discus Sion entered on when if Orr or after election not if. Anin Creuse will come. Meanwhile the general minor strike droned into its fourth week with its effects beginning to spread to other industries the United Auto workers Wenton strike against american to publicity hot Springs. A. A Sidney j. Weinberg the Peppery Sage of Wall Street proposed Here that corporation manage ment squelch firmly the publicity seekers was. He said arc turning stockholders meetings into circuses. Weinberg who once held scats on 30 boards of directors simultaneously made his plea to an undemanding audience the tall meeting of the business Council attended by the Board chairmen and presidents of about Loo of the country s biggest corporations. He attacked what manage ments describe As a growing nuisance stockholders who for the admission Price of one or two shares have become familiar hecklers questioners and Ali at the recent first stockholder meeting of the communications satellite corp. In Washington cd stantly to get attention other stockholders tried to silence them by booing and clapping the chairman at times could t be heard and the confused session dragged on for nine hours. The chief cause of this deterioration. In my opinion Are a relatively few publicity seeking characters who attend stockholder meetings primarily to ask impertinent irrelevant sometimes abusive questions said Wein Berg. Weinberg 73, is senior partner of the major new York invest ment Houne Goldman Sachs & co. Once called the director director he Hai shed director ships with his advancing years hut retains a Sharp Tongue and High prestige in the financial of these characters will consider this statement an attack on their Freedom of he said. It in t. I believe strongly in corporate democracy and the stockholder meeting is one Way to have that democracy. I am the first to defend the right of All stockholders to ask management sensible constructive questions. Enlightened management Welcome these kind of questions. But it is these character who Are invading the right of other to speak and to listen without interference. The vast majority of Stock Holder resent them characters who create the circus atmosphere. Weinberg reported that the no amex stocks d new Yolk up Stock were generally fractions lowering moderate trading on he american Stock Exchange lust totalled 8.43k.030 shares compared with 8,475,040 share the previous week and 7,347.120 shares in the same week 1 a 1 1 year. Salem Uranius took first place in the Active list with a gain Ozri at 9 on 447.100 Shams. Last week the company announced that it and Aramco steel had developed a steel nettling process tors corp., idling 2 1,000 workers. Shortly after the strike in uan at Midnight thursday the Ngothi Ting parties agreed to retain american motors unique profit sharing plan hut in civil grievance still were to be resolved. After three Days the strike was settled As the Union Anil am management reached a new three year contract Tia continues the profit sharing steel Price increase talk was spurred by a statement Byi of Jun t. Johnson president of Aramco steel corp. Unit a need tacking so Torley won by the Veteran Man dec men callers has rallied new Comers i understand that people Are training themselves o follow in heir he related that in one Public speaking class in a Brooklyn High school a girl Wai told by her teacher that it would improve her self and poise if she would buy u share of Stock go to stockholder meet Ings and ask Wein Berg went on stocks go i new York a the Stock Market advanced again in Active trading monday. The Market was a Little higher at the Start following Friday s rally. Ii remained that Way going the economic new was Good. For n Price increase exists now. Lie told a news conference that even before the added Cost of Liny new labor settlement behave quite a few steel products on which our margin of profit in t As Good As it should he mentioned some grades of plate and some grades of Sheet and bar products. Products need ing Price increases cover More than half of Aramco s line he added. Earlier lop executives of steel corp. Bethlehem steel corp. And Inland steel co. Had Rel holders and 1 heard of a rasp where o doctor advised his stuttering patient that he could Best help himself by standing up and ask ing questions a stockholder meet Ings. More and Mare people believe that anything goes at a Stock holders Weinberg proposed that managements launch a Campaign of Public and stockholder Persua Sion notifying stockholders that up in actin this included record personal in come last month and a 1.1 per cent Rise in steel production Las week. In addition there were More Good corporate earnings reports for the third Quarter and first nine months of the year and a business Fiance of closing . Stock Market prices men. Fri. Air Raduc i?1 Valum Ltd pm. Amanda at am Cyan to to u am m Fly of. 11. Am Mot 17 1a1 am photo i 74 Affif Coda m bait it o 4t 41 Eam lab to 4 Bock in. M both 1101 41 46� Bulno m. We it can Pac 4�� of cart in Jovi � Cater trac of i � conc in 4� 4 cum 4 o 77 77 go Rytter w t w cola pal 4. 47 Coll of 7ft 1�i Deli air us Dew Cham 7t � of to of font to tit 2jv� Aat cd 1if/t Hsu fair Cam n Rorry m i on on 41 Oon vice 17 to prices front Merrill Man. a i n t u i off Mai in 10v of Tara in Anat Lynaar 4v. 4ti quit Oil a a u t Harta Wall w4 Tiftik int Nick m i it in paper it it in tit met to Janaa 4 l us u Kann Catt a g to Lilian into 7 4 74s Lack arc m pc us magma Caa 41 441 4 Magna Vaa i a 11". Martin m it i Tel 3mt i amino Mia m t mfr Naan chef t to tic Mont War 41 4r Malaral tilt a Nau Olit to its no cent Al a 96�� a am a sea m4 Nam Hrap it a to a bulb mar in in a pan ant my u i Perm . 4h 41 Pfar 41 4la Lynch Pierce funner in slightly in m which Cut fuel costs was followed in activity by new Idria mining unchanged at 4 on 254.400 shares. Continental materials up to i on 240.000 shares and Magellan Petroleum up % to 4% on 231.800 shares. Dennison mfg. Class b shares Rose 4j4. New process dropped2w. Philips electronics picked up so. Data control systems lacked on in. Ford of Canada dropped a Point. Gateway snorting hoods rose2 on an advisory service recommendation. Holo Chunc picked up Mon. Fri. pfc us Polaroid 171fc in Cha 1j 4 u Lupus tit 4t�4 4t Tuvim n 1bh my it 3 Jet Mich mar a May out 4 f u Anoway 71 71"4 Kari n inn Hall Tram w. It Torry m a 1&h i 1 la � it 0 Cal t7 b tit 0 no int 17 t 7 7 to Ettac in h Tim 4 a Thom Ramo Mph in carb if7b itr4 uld fruit 1lo us Hub 14 1h Imaal to i warn Lamb a Hort in Al 4 is a to 4h4 44i Wall Wal. Flo my Iron 111 us vhf Titre tue u zone to 7l j 711 a mlle fun furl. Operate trades 2 4. Cir nution lost i i. Synrex klined. Uil uni to new York up ii the 10 most Clive Sticks traded on the american Stock Exchange lust week of trial ulaia Moo 1 now id my 2m.4co i i -. Can mat 240.000 i -. Malati pal a Tao i k All sui4 a i4s.iob f. A Twa la in to Panda Pat sulfa to Roo it i a n Park Mill 101.000 n. I Lundran to m f. to in fort Ion Willi profit Nii ruins. Price on Al Rel Bur were raised by four producers. . Star. Aramco. In inn and Niin a two Short & to in1 co bar it which h Root my for Aboul 4 per cent of of Sprull steel product shipment Are i try to strengthen conc role in con a Rue Linn work. Cruel bit steel co. Boosted by 5 to 10 per cent the Prelec of cerium no Elul steels Gold to farm equipment manufacturers flayed future meetings will be con dulled with decorum that the time of speakers will be limited and that questions must be Perti nent and that the chairman will be firm with non Coop Cra tors. Companies should eliminate the identification of stockholders by name or photograph from the Post meeting reports Weinberg said thereby ending the easy publicity which apparently is the goal of Many. E trading Rise in housing starts last month. Most stocks were around their est Levels of the Day at. The close with most gains ranging from fractions to around two Points a share. Standard and poor s so Stock Index Rose 0.10 to 84.03. The up . The Dow Janes 30 Industrial Rose 2.07 to 870.91. Steels cop pers railroads chemicals and utilities advanced. Autos declined. It was a Broad Market with1,30 issues crossing the tape. Of these of advanced 417 de there were 80 highs for the Yea Rand Only four lows. Among the 15 most Active Stock eight declined six advanced and far child Hollcr was unchanged. Volume totalled 5,010,000 shares compared with 5,140,000 share traded Friday. Over the counter stocks decline in modest drops new York up Over the counter stocks declined generally last week but the Overall drop was modest and about in line with that of listed stocks. The National quotation Burea Index of 35 representative Indus trial issues declined 0.84 to 177.14on the week. Active stocks for the week included Al Ccormick co. 38 off 9, Nashua corp. 29 up 9, Potash America 55 i up 2?t. Reynolds 4 Reynolds 58i� up 3i, and Rico products 109 up 3. Among insurance storks Aetna casualty closed at 197 Down 4, Aetna pfc 174 Down 4 and Penin Sula Lite at 82 up 2, rank issues included rankers Trust co. 66�j off i. Chas Manhattan 70 Ujj up and first National City Bank 121 Down 3 i. S3 million Plum to ir4v. 1ss v.4 p a w of top mrs � a of fare i. Uta or u a 5t aft. 1 pc Bali a h9 7n.cc it � to f Tuluo amt his of pc tin 11 t?4 u1/, 4 h Vav. 4 1 a Dan my Joo but in. 16v 4 Lla Cha iu.100 Ufa in a at to h � t � r met 04 a t. Of Lual im.400 we Ufa 4 Oan Mol itt Joo 10/ m4. Toff 1h Pann aft 149,400 4fft my h Luna Limin huh Tiv the. 16v,
