European Stars and Stripes (Newspaper) - July 3, 1968, Darmstadt, Hesse The stars and stripes 0 Toft 23 dec opens probe of Stock fees act Toton api mini cause of what he termed More facts. Simov to Sav to Washingto fees set by the new York Exchange Are per share Price of Witock id not by the amount of work Zaloker dealer must perform ivern ment investigators Wereb at a hearing Mobert m. Blanp. A Vici Splete a 100-share order of a10 Stock or an 80 Stock but he conceded the fee Forie $80 Stock is nearly three aes that for the Flo one be Caus service for the customer. He was the first witness Aster Sec opened hearings in us investigation of the Cost of buy stocks and fee securities Indus ing and Selling splitting a theory. The Justice department has challenged the minimum rate Structure of the new York Exchange and contends fees should be set by in outlining the purpose of the hearing Eugene h. Rot Berg an Sec attorney assigned to the Case said any new fee schedule must be supported by closing . Stock Market prices july 2 july 1 lean Pinch air on 31 /26 i soy 30 81 m Fly l3 /4 we photo a t 4 t to Anaconda Rmour Axt lab the steel Loel Norli my Irun Wilck in 51jjh 6j � 49h49/4 Tzvi 61 /4 a 29% 8t 79v4 Imp up at a try Lanete no in he 4 0hrytler of cola Olg pall Omiat ont All trn of them in Ponta to air Todair Cam Treit Onnord my a Fruehauf i Al Dyn Len elec 3 it m i a 68% we �vt46mt 554 18?i 38h74 1&m32h not 68 /4sa we 6�/. 62 to a 184 ssmi7� 1 31vk wok 6sh57% 5i�� s8v, s8h 8s"/j 8dt 0n cd Gen mat on to on Tonj Goodyear it Aap Gulf of Honeywell i mint Harv lot Nick int up a int Tat Jones a u july 2 july 1 83 40% 30v. 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Pm 874 h.3a 8.36 10,30 kid knt Rodby Tuy est o Akbar to 743 9.08 8,j9.1 i so in 70 financial1061 18.00 program 10 4i u.90 8.37 10 34 18.17 10.30 10.08 7.87 8.62 Dmund Ino Frt Channin funds. Cora at 13,772.13 income 8.67 8.4 Chr 103.fd Orui can 10.79 u. I 14 a 8 i of Oil cd Canp g5 Camp of oort � u .43 19.�e.w w m or excl for in8h to Salor bid a kd14.43 16.77 16.00 u.m16.03 17-01 10.27u.2s 4.06 ,448-5t 1&.m 111.2 116 m 16.65 11.83 12-w inc amino Boa invest Mut Block inv uni 13.66 ia.11 ivc.lm.3� Liuia Ivy 1120 1ft,9 jnmtn14.1ft a rid cd our Ort Cap Irmund trod 15.8814 flb16. M 10,60 b.88ki.m him 18. S3 30.74 18.s1 lfi.79 37.0690,4315.78 17.36 13.i is 16 17.01 18,60 14.27 10,61lb.8031.4t into intoiz47ll i la it flt Chr fond u fad but a-33 Franklin 74673 7.27 menu in Olto Hor inc Appi pm Intok Nekr in boxing he Ubrtay Llaulle or it of inv 78710,30 11 � 11.90 12,8818 8s 8.68 6.65 8.m 9oa we a 18 61m, is. It bid Alkedi 15.0 id,48 one 13.46 14.70 group xll.47 13.47 22 83 24.60 .36 10.06 0.53 10.30 20.01 21.8727.1327.89 18 08 i m it 25.87 26,9722,5022,80 Bea feb la a b-4k 1 k-2 8-1 8-2 838-4 21.0321.94 22.07 24.0810 15 11 09 9.a1 10.387.39 8,07 23601 12.46 13.80 1075 h.t3 7.68 884 Oul 13.07 14.32 10.76 16. Tel 18.16 6.04 17.28 807 t.to0.08 7.69 8 flit8.v. 8.3tt loom 16 Salvest cancan Mut Manet mum into 3ji m 38.6413 66 13, my 96 &sw8teadman Fos cd a or Maiuu to mate hmm Moon 8,16 mid am 11 09 12 15 1204 14 14 12 93 14.13 17.10 18 0.10 v. 10 13 to 14.06 7.70 �42 Moody 17.8v 18 66 Tottori inv t.t4 �,44 is it my Morton of i 1.64 met or u 70 1621 or Inq 4 84 430 or tout my o Nolt bar Tamut wind inv pc 831 9.1224 81 10.81 Era 2.8411193 1117 11 30 1223131 13 8.90 8,97 bonded Tvert pita week Orth u88 us Wall Nat wat 419 48 Nawhaw a Nihon old in a wet i trend �1� pm 8cn i Sigma swat sour Invin bid asked 17.38 17.38 8.60 9.40 9.14 9.14 11 51 17.00 11.41 12 47 8.74 9.63 11.89 11.99 14 83 1621 14.09 15.4025.6826,69 5.89 6.44 u 98 1195 Fos 14.60 16.8616 14 17.54 13.82 16.10 9.4 10,34 853 9.32 0 3 6.wifi 12 19.8c fd8 44 to i 44.0017 &6 17 60 12 23 12.231u61 16.82 i&t7 a 618-52 9.7i 11.80 12.77 15.30 1&74 14 05 1636 11 37 12.43 10.13 10 it 15 76 17.25 am ind Kitcy sri or 14 91 16-30 9.18 0 03 787 8.6s Altein Roe Fosi Biclon it 23.4022.46 by in in 17 08 17.08 a talk 8t 156516,66 13 52 14.81 sup inv i 68 8.4u flu 13 83 14.4j tech k68 t.39 Tocom 16.34 14,66 vol a b 80 10 71 a sub line Kusiv a Val vat inobpl6.07 6.43 a to 8.80 varied ib8 4� 10.31 but uni or in we Mut Wall cd u.44 113w.4� by Wuu id 16,98 Wladron 1170 it-76 Orui 9.69 10.61 .14 1.989.14 10 67 0.41 5.8j6.iu a. 83 813 8s4ii 67 13 87 13 66 14,9313 40 14 61 03 16 63 16 �1 19 891 facts simply represents a a fees in to y that fair return sufficient proof he said Robere said no useful Pur pose could be served by con tending the question of reason Able fees is a matter of Nickels and dimes. Bishop agreed with Rotberg that a Section of the Exchange s Constitution precludes Competition in fixing fees. The american and new Yor exchanges last week voted to develop a discount on Large transactions and to end fee splitting in an apparent attempt to strengthen their arguments to retain a minimum Rale Struc Ture. An exhibit introduced by the commission showed that for 100 shares of a $10 Stock an investor would pay $17 in fees. But if an $80 Stock were bought the fee would be $47. Although conceding equal work is involved in each Deal Bishop said such fees Are Cus Tomary and Are used when a person is buying or Selling Ahouse. Another Sec exhibit showed that the brokerage fee per share remained the same for a partic ular Stock no matter How Large the order pointing up the Lac of a discount. For Navy s fill. Continued from Page 1 Senate voted $170 million development of an experimental aircraft known As the vfx1,described As lighter and More Maneu Merable than the fill. If the vex works out it will use the same engine and Phoenix missile system of the fill. The fill has been beset with controversy since the Early 1960s when then defense Secre tary Robert s. Mcnamara and a Senate subcommittee headed by sen. John Mcclellan d-ark., engaged in a drawn out dispute Over Mcnamara s award of the lucrative development contract to general dynamics corp. Mcnamara insisted the fill was the most feasible answer to the aircraft needs of both Theair Force and Navy. Mcclellan called it a multimillion Dollar Boondoggle. Stock Market prices Rise new York a the Stock Market closed higher tuesday in fairly Active Market was up from the Start and improved during Mostof the session. The tinal gain was moderate very Strong stocks were commercial credit Hooker chemical Lunasco Occidental Petroleum ill corp. And How met the Dow Jones Industrial average advanced .49 to 898.84. Vol ume was 13.35 million shares compared with 11.28 million Day. Runaway boxcars stopped by cop in Kansas Cuy Kansas City to. Up two runaway boxcars sped 12 blocks through a Plush South Kansas City business District before an Alert patrolman leaped aboard and applied the hand brakes. Five automobiles had been struck and three per sons injured. One Auto was pinned beneath the Box car wheels and dragged several blocks with its drive trapped sure Anding inside. I could hear the Guy screaming. Said Charles Kemp a special police office assigned to funeral escorts. He jumped on the runaway and Rode it six blocks at speeds reaching 50 Miles per hour before bringing it to a screeching halt. Cars break free the boxcars owned by a private line the Kansas Cit service freight operation broke free monday from a North bound switch engine pulling four cars near an intersection on the Model country club Plaza a unique business District know for its Spanish architecture expensive merchandise and Fin foods. It marked the second instance within three weeks of a runaway on a Railroad in the Midwest. Two pilotless locomotives raced 80 Miles across Western Kansas june 20 before being derailed. I saw them the cars coming Down the tracks at about 47th Street Kemp was a Blue car beneath the wheels and i could see Aguy inside. Doing about 5t"i guess the train the two cars were doing about 30 Miles per hour when i jumped on and then it must have been doing about 50 when it hit the downgrade he could hear the Guy screaming in the Blue car up there but the train was going so fast when i applied the brakes we must have Slid about 300 feet before we stopped be said. Kemp said the Blue car was demolished except for a Small portion near the Driver s seat where the occupant. Glen Mathews 19, of Bolivar mo.,sat bleeding. He was pretty Well Cut up looked like he d been through a meat grinder Kemp said. "1managed to get him out. He was still conscious when ambulance Mathews was hospitalized with severe facial cuts but his condition was satisfactory. The two others injured were Whan about 50, of Kansas City and mrs. Juanit Greathouse. 53, also of Kansas . Whan was in critical condition with head injuries an mrs. Greathouse s condition was satisfactory. She suffered lacerations. Israelis saboteurs clash Tel Aviv a Israel troops fought a two hour running Battle with eight Arab Saboteur Early tuesday in the Beisan Val Ley South of the sea of raiders were killed and seven israelis wounded the army announced Here. Is Mig strike is suspected near Saigon Saigon up reliable american military sources said tuesday an unidentified plan which May have been a Mig Jet dropped bombs near a . Spe Cial forces Camp 30 Miles West of Saigon. No casualties were re ported. The Raider May also have shot Down an american helicopter. There was no official Confirma Tion from the . Command on what could be the first attack on South vietnamese territory by an enemy plane. . B52 jets flew 10 Mission against North vietnamese Terri tory tuesday in the second consecutive Day of saturation mis Sions in the Northern half of thesis mile wide demilitarized zone and the Southern fringes of North Vietnam itself. Sources reporting the bombings near Saigon said . Radar picked up a High performance aircraft with the flight characteristics of an Early Model so Viet made mig17 As it streaked in from same sources said a Sec Ond Blip appeared near the plane on the radar scope but Dis appeared minutes later Raisin the possibility a helicopter May have been shot Down. A helicopter has been listed As missing in the area sources said. 3rd inf div i Dies in jeep Accident Heidelberg is a 3rdinf div Soldier assigned to guard duty at an army Supply Point at Viel Brunn in the Odenwald the i died of injuries suffered in a jeep Accident Early monday division spokesman reported. Spec. 4 Dannie g. Mcfry Ofha and he co 1st in 4th inf was pronounced dead monday at3 30 . At the 87th general Hospital in Frankfurt. No other details were revealed. Mcfry is survived by his wife Patsy and his father Harry my Fry both of whom live in pied Mont. Ala. A implicates . Police in scandal i dividend. New York a . Frank s. Hogan announced tuesday the indictment of 37 persons Here in a shake Down scandal involving police Protection for top level t ook 11-count indict in e n t charged conspiracy in providing Protection Money to policemen and corruption on the part of policemen and gamblers. The 40-Pagt indictment Hogan said was the result of in investigation which began in 1wo. Policemen were grand juries in years Hogan at least 1,000quizzed by four the Pasi eight said. The Shakedown Racket allegedly extended to All boroughs but particularly Brook Lyn and Queens. Hogan said the grand jury in Quiry first came to Public Atten Tion in 1964 when 14 policemen some of them named in tues Day s indictment were called to testify All refused to sign waivers of immunity Hogan said and later four were prosecuted an convicted on charges of conspiracy Ami gamblers also were convicted at that time for con ducting a lottery and bribing to indictments said Book makers shelled out Protection Money to policemen in Exchange for tips when raids hereto be made by policemen not on the bookies payrolls
