Star Tribune from Minneapolis, Minnesota • Page 41

GRAIN FUTURES 5C Contracts THI MINNIAPOlll TKIIUNI Jan. IS, 1970 UTUMJ QUOTATIONS WtiK SANOI M.rintAPMI I'. 'Help Wanted' Ads Off 5.39 "Help wanted" classified More Tables on Page 16B rioso Jon 9 Wk Wen lm Hih to Jan. 14 Wheal Y.ir Ago 1 1. 57, ennn Mir l.K 1 74', 1.7", 1.77 1 Jw 1.7V, 1.MV, 1.77, UUGAOO Wheal i Market Action jWasn't So Bad, Comparatively By JIM FULLER i Minneapolis Tribune Staff Writer The level of activity on the local over-the-counter stock market varied Mur I 47, 1.4')'.

14V, 1.44', 1.4 1.41 1.47, 1.417, advertisements in Tho Minneapolis Tribune and The Minneapolis Star in the first 28 days of December totaled 27,270, a drop of 5.39 percent Rapoteed inn 14 7, .11 3 1 34 7, 1,17, 1.117. 1 16 1.41 Jul '17, I. .16 1.167) 1.1' 1.39 rl I 7. Mrir 3 09 7. 7 H9 7, 1 08 7, 3 7, 7 117) 2 31 l.JV.

I.JB7, 1.477, 1.417, 1.41 Urn. I 4'iV, 2.917. Corn 7 7 97 2SV, 1 2 98 2 87 71 .74 July 1.10' 1 Oall Mor I VI Mny I.i4 I.Vi'l, I V4 4 7. 171 117 I -J VI, I 207, -yVI, 1 717, 1. 717.

1.717. Mny My 1.76' Jul I. Jo 7, .71 4 7, .4 V. .74 7, .75 .5 7) .5 .75 7, 1 Mi. 1.74 Der I 'JO 1.197, 1.187, 1.16 .87, 1 28 1 27 7, ye.

Ooti 1.177, 1.10 I 14 7, 1.11 l.ii1, lio 1 127, 1 II I.IB7, .64 7, 66 7, .61 .66 ruir. Mny .67 from the same period in 19fo. Classified employment advertising linage in the recent period was 423,965, a drop of 3.2 percent. The ads, placed by businesses and individuals seeking replacement help or additional employees, are consid 7, .66 7, .66 .667. .64 7, .66 .66 7, .77 7, 7, .6 7, from one brokerage firm to another Jul May 1.15 July 1.117, Ot ftarley Muy 1.07, l.i'y 1 08 7, On 1.08 7, .67 .677 last week, and price 123 IMEREST PRID BV mfllL Gibbtrtt now euthoriietlon m.kev evell.ble 1 flvo-yr.

maturity debentures In uniti of S1000 or more- Intereit pld rom dot of invettment. Intereit peid by meil quarterly. Minna-lot. roildonti only, tabbertl li Growing and expending reted rlple A-1. Write lor application (clip thii ad.

Send to ut with your name and addreu) or coma in. GABBERTS FURNITURE 3S0I Wait 69th Stro.t (Act o.i from Southdala an th It.) Ediina, Minnetota SS435 1.06 7, I 07 I 067, 1.107, 1.07, 1.087, 1.07, 1.09 7, 1 06 I 08 1.06 1,107, 1.14 1,117, 1.147, 1.14 1.777) 1147, 1.17 1.14i 1.147, 1.217. May LOCAL STOCKS changes were mixed, but the performance didn't look bad in com- July 1.117, 1.17 1.147, 1.147. rAli'jAi (III Wheat M'ir 1.40 1 19 1.197, 1.397, 1.1 Mny 1.367, 1,357, 1.35', 1.167, 1.167, July 1,177, 1 31 1 41 1.17 1 31 'eot 1.357, 1.347, 1 347, 1.357, 1.357, Soybean. ered advance indicators of 1.117, 1.117, 1.21 1.11 1 1.717, 7 51 2.4S7, 5 607i 2.657, 2.517.

2 64 7, 7 59 7. 2.57. 2 6V, Inn 757 2 4H7) 2 55 2.5.17, 2.60 2 57, business intentions and eco nomic activity in the Upper 7.67 2.597i 2.67 2,597, 2.67, Mnr Mfy July Aua Spi 2 56 2.617, 2 59 7. 2 55 2 47 2 527, 2 48 7.57 7, 7 4V No 2.4 2 44'. 7 47.

2.44 7) 2 41 Midwest. Down in the Mouth? Soybean Oil Named for Sea Rope NAHA, Okinawa The name Okinawa stems from a Japanese term meaning "rope in the ocean." Jar) 9.0 9 BONE GAP, 111. Bone- 9 10 9 98 8 97 8 82 Read Jim Klobuchar's column in The Star. 9 9.18 9 09 9 01 8 91 8 77 8.17 5 56 9 27 9 II 9 04 8 91 8 65 8 25 8 46 8 13 8 19 8 11 8.09 7 57 7 40 711 Mot May Juiy Auq Ser'T On 9 4 9.11 9 27 9.10 ft 86 8 44 8 11 fish have mouths that open downward, indicating bottom 8 62 8 78 8 18 De 8 25 I 87 50 Soybean Meol Jem 88.10 81? feeding. WHAT STOCKS DID MOST POSITIONS 100 FEE PAID 79.90 7.1.95 77.45 77.75 70 70.60 69.10 68.15 77.70 74,25 74 40 74 30 71.95 70 15 NEW YORK STOCK EXCHANGE 74.50 72 60 72.75 72.75 70 50 69.15 68.75 77.80 74.50 74 50 74 40 71 .90 70 40 69.45 May July Serl Oct Dec 69 00 WINNIPEG Fla Pre.

W'k Week Advoncet 44 918 Decl.nes 1,168 711 Unchonged 97 109 To'al Issues 1 ,739 1 New v0'v hiqhs 51 50 New yearly lows 154 55 2 8' 3.29 :.90 2 87 2,83 3.237. M.ay 2 91 2 85 July 2.88 7 83 O.t 2.90 2 85 Nov 2 88 2.85 7, 2 857, 2 85 3.19 2.817, 2.857, STUART WALKER PUB. RELAY. DIRECTOR 1 5-20 000 A I -Traffic Appliance A Consumer Good PRODUCT 1 2-1 S.OOO COPY-Contact tndult. 12-14 000 AOV ASS rS'2) 10-13 000 SPACE SALES Growth MARKETING MANAGER leisure time products 35 30.000-F- MARKETING MANAGER Appliances-MBA preferred 25.0004-ADV MANAGER Finance 1 Many more outstanding spots WEEK IN FINANCE Associated Press Previous Week Steel production (net tons) Freight carloodinqf Freight ton-mile, (billions) Auto production (units) Soft coal production (tons! Crude oil production (barrels) Latest Week 2.541.000 455,990 13 0 181.617 (.

681.000 9 571 0OO 456.000 428,200 MERCHANDISING BOIHABEN HIVE CHINA GIASSWARE local 0pt. itmtm chain. Wont prevtcut buying axpr. Salary f0 SIS.OOO UYER Carpeting local Dpf. Sloro Chain Awilant luyor oipor, it good Excellent potential $11,000 banuf SIOKI MANAGER Denver, Colo, branch Sloro of Stationery Chain.

Should havo good hardline! anaer. $15,000 MANAGER Men'i Furnilhingi Dept. of Men's Specialty Star Chain. Excellent growth opportunity $10,000 TECHNICAL HARRY PARKHURST MARV URStN MAJORITY FEE RAI0 CHEM ENGR Foodl 11.14 009 FOOD SCIENTIST MS-Bierhemntry 12,000 STAFF ENGINEER Food Procofi CHIEF MFG ENGINEER PHOTOGRAPHER 10.000 CHIEF MFG ENGR. CORP.

I 't-SioH LOGIC DESIGNER 12 15 000 2,603,000 2,405,000 3t6 629 494,010 111 138 195.510 132.195 7,770,000 10,350,000 9.494,000 9.026,000 420,000 452,000 351.400 508.100 131 15 Continued From Page One Honeywell Inc. work under a contract with Teamsters Local 1145 which expires Jan. 31. About 3,500 members of the Oil, Chemical and Atomic Workers Union are covered by pacts expiring Aug. 30 with Minnesota Mining and Manufacturing (3Mj Co.

The workers at the firm's St. Paul and Cottage Grove (Chemolite) plants are among 14,000 employed by 3M in the metropolitan area. Another 3,000 members of the International Brotherhood of Electrical Workers face contract expiration in May with the Univac Division of Sperry Rand at seven plants in the St. Paul area. Talks began Jan.

7 between Mun-singwear and bargainers for the Textile Workers Union. About 1,500 workers at the firm's; Minneapolis, Montgomery, and Little Falls, plants are involved. Also expiring locally are the contracts of the building service employees, grain millers, much of the metal manufacturing industry, and Twin Cities plumbers and pipefitters. "There's nothing like a profit squeeze to put backbone into company negotiators," U.S. Labor Secretary George P.

Shultz has pointed out. But the inflation argument works both ways. "We don't think any of our prospective increases will be inflationary," Roe said. The 3 percent state sales tax, steep jumps in the cost of living, and rising Interest rates, just these factors alone, he said, mean "you're talking about a 16-percent or so wage increase," just to break even. A Twin Cities management spokesman said he discerns an employer inclination toward shorter contracts "because they don't want to have to predict the future of the economy three years from now." Employer resistance at the bargaining table, he said, often rises with the amount of unemployment.

High employment rates that is, easy access to other jobs by strikers discourage more employers from holding out. With unemployment rising now, he said, management may get tougher. Whatever the effect of inflation, many more area workers will be covered by new contracts negotiated nationally. Ten days talks began in Washington, D.C., on a contract to supersede the current National Master Freight Agreement. That pact runs until Mar.

31 for 450,000 over-the-road and city cartage drivecs, mechanics and related workers. In initial parrying, the Teamsters asked for wage increases of $3 per hour over three years plus non-economic benefits. Trucking Employers, which includes 45 Minnesota firms, characterized the demand as "highly inflationary" and "out of the question." Current pay scale average about $4 an hour. From 10,000 to 12,000 drivers in Minnesota will fall under the agreement, union officials here estimate. About 90 percent of Teamster con raper production (tonsl Paper board production (tons) 172 Business failures (numberl (Final three ciphers omitted in fotlowinq) Electric power production (KWHI 30,760,000 27,564,000 21,057,000 Bank clearirtqs S96.083.032 $77,411,510 S83, 594,986 $151,195,000 $81,634,000 $270,000 $10,367,000 $53,586,000 $854,000 Demand deposits SI 41 ,073,000 Business loans Excess Reserves S3, 000 Tieasury cold stock $1 1,347,000 Money in circulation S53.040.000 Member bank borrowings S864.000 COMMERCIAL NORM ENGMAN COLLEGE GRADUATES B400 GENERAL OfftCE EXPt 6600 CITY DESK-lito epr 6000 TRAFFIC MANAGER 13.000 OPERATIONS MGR Retail 30.000 ASST OIR DISTRIBUTION 20.000 PURCHASING DIRECTOR 30.000 MANAGER PROCUREMENT 15,000 PURCHASING AGENT 14,000 BUYER Mechanical 11.000 BUYER MRO 12,000 HOSPITAL ft MEDICAL CLAIMS Mgr.

16 000 GROUP LIFE UNDERWRITER 10,000 CORPORATE INS. COUNSELLOR 12,000 HOSPITAL FOOO DIR. 1 S.OOO GOLF CLUB MANAGER 1 5,000 MAITRE 1.400 DOW JONES STOCK AVERAGES parison to the declines femong listed securities. One broker, who said his firm had "fairly active" week, judged prices to be "about 50-50 on ups and downs," adding, "but the Big Board was down all the way." In view of that comparative performance, most brokers were satisfied with the week, although some expressed disappoint-Jmesfrt. 1 looked the week before like things were on the way, but then we got some profit taking," one man Jsaid.

"Apparently there still is some indecision among investors about Ithis market." However, another man noted, there Jwere buyers in the local market last week, and while they didn't come on JJas, strong as they had the week be- 2 fore, the general tone of the market still was far better than it had been I a' month or so ago. 1 Among specific gainers were Crown Auto Stores, which moved from $4 bid to $5 bid on fairly ac- ive trading, and Donovan Companies, which went from $15.75 to $17.75 bid. Electro-Craft went from $4,375 to 2 as high as $6 before settling back to close at $5,375 on active trading. iFabri-Tek climbed $1 to $8 on what one broker described as "a lot of out of town activity." HFire Engineers, which issued a fa-ft)rable earnings report, went from to $7 after going as high as in mid-week. Milling climbed from $17.50 to $29.25, reportedly on buy-.

Snatfrom the East. Kallestad went up $1 to $6,375. McQuay jrose from $33 to $34.50. Medtronic, again moving quickly upstream, rose from $42.50 to $45.25. MTS Systems climbed from $28 to $30.50 following Suinouncement of plans for a split.

Tako Corp. went from $27 to $29,125. Pawnee rose $1 to $13.50 following a management shift. Possis Machine jumped $3 to $22.50 as buy- ers apparently speculated that the company has "turned the corner." Sterner Lighting went from $11,625 to $12,625. On the down side, DeLuxe Check Printers went from $49.75 to $47.50.

Brooks-Scanlon dropped $2 to $21.50 I on selling from the West Coast. First Bank System slipped front" $56.75 to $54 on what brokers said was simply a lack of buyers. The volatile Kampgrounds of Amer-J ica jdropped from $34.50 to $29.50 H. B. Fuller Co.

slipped $1 to $35, and Graco fell by the same amount to $26.50. North Central Airlines units dropped from $12 to $10,875. Associated Press PLANT MGR Containon It JO 000 Range 0 averages for he week ended Friday RELAY DESIGN 14 000 15 000 First High Industrials 790.52 Transportation 175.81 Utilities 111.67 65 Stocks 261.60 PLANT MGR Plattici MECH DRAFTSMEN DESIGN ENGR. DIR. OF MFG.

Mobil Equip. EE Circuit Decigner ME Electro-Mech A. SUPERVISOR 7 9 000 25,000 10-14 000 12-14 000 40 Bonds Low Last Chanae 702.60 787 60 15.51 i 73.39 173.39 4 18 109.53 109.53 2.05 258. 25 258.25 5.44 69.74 69.38 0.22 53.83 53 91 0.17 68.31 68.38 -4- 0.27 77.87 77 93 4- 0.16 76 62 77.33 4- 0 63 54.10 54.10 0.71 137.03 137.37 0.41 790.52 175.81 ,111.87 261.60 BOND AVERAGES 69 42 54.03 68.45 78.0.1 77.33 54.87 137.47 1st RRs 69.42 54.03 68.45 77. 8 76.62 2nd RRs Utilities I Electro-Mech PROGRAMMER ANALYST ndusthafs Inc Rails 54 87 I E.

Stampings Commodities 137.47 SYSTEMS ANALYSTS MACHINE DESIGNER PLANT ENGINEER APPLICATIONS ENGR. Govt. SR STRUCTURAL ENGR. STAFF ME Power System CIVIL ESTIMATOR SR NUCLEAR ENGR. SR ELECTRICAL ESTIMATOR 12- 13.000 13- 18,000 15-20 000 13-11 000 WEEK'S MOST ACTIVE STOCKS Associated Press Net Shares Hiqh Low Close Chan Lums Inc 864,600 1 5.6 13 14.52 Litton Ind 710 600 31 .6 79 30 5 SALES BOB HABEN40U SHAFFER DRUG SUNDRIES-locat trr.

Coif key account! within a 100 mti radiut of C. Should havt torn r-tail tolling oipr. (t 1,000 FOOO To Roatouranlf, hospital and man foedori. Should havo at loast 2 yrt. related oipr, 1 2,000 LAWN AND GARDEN Fowor oquip.

Call on doalors in Minn. 4 No. Dak. Should havo good talot rocotd mnd bo willing to travol. $1013.000 LIGHTING SUPPLIES-Wofk with daaltrv Top company.

Good futur if you havo 7 yrt. talo oipr. Start $10,400 SALES TRAINEE Oogroo. Soil top lino industrial oquip xcollont training. Start to $9,000 SALES TRAINEE-Soll mon'i lorlotriot.

bow. Covor Midwott. Car 4-tp Am Airlm 571.500 28.7 25.2 25.6 3 Xerox (r 475 700 115.6 106 111.1 Ttonsctl lnv 458.000 22.5 19.1 19.3 3 Cont Data 395.100 116.7 98 98.6 17 Am Tel Tel 369.300 50.3 49.1 49.4 Telex Corp 368,800 124 105.5 116.1 9 City Invest 359.400 25.4 22.3 21 Occiden Pet 347.200 25.1 23.2 23 4 Texaco 327.900 29.7 28.2 28.2 1 Itek Corp 311,400 76,7 68.4 70 Est Chart 301 ,500 36 28 79.2 Imn Cp Am 278,700 13 10.6 11.3 Un Camo 278,500 31.7 30.6 31 Am Smelt 270.500 34.7 31.7 32.4 I Polaroid 767.0C0 130 115.5 P8.6 Chrysler 265.200 34 2 31.1 31.1 UAL Inc 264.300 27.4 23.4 24.3 Gen Motors 264.200 68.4 66.3 66.3 WEEKLY AMERICAN EXCHANGE LEADERS ACCOUNTING JOHN FIELD CORP TAX ATTY-MpU. To 25M 25-30M CONTROLLER CPA Retail To 20M CONTROUER-Multi-Co-CPA To 30M DIV CONTROLLER-Mpl 16-1IM CONTROLLER YngMpli Co. 12-14M SUeSIO.CONTROUER-rMoli.

12-14M CONTROLLER'S STAFF BS 121 CONTROLLER So. Mn. Tol2M CORP. TAX MAN So. Mn.

Co. 12M ACCT OFF MGR Prof Gtp 14M COST ACCT. Non-grad OK To 10M ASST. COST Mn. To 10M GEN ACCTG (3) BS 9-1 1M AUDITORS-BS 2 yn- 1 2M BUDGET ACCT-BS I yr.

I0M BS ACCTG 1 9) -BS 9-1 2M, MKT RESEARCH MA -f 10-ISM SYST' PROGRAMMING 1 6) 9-MM Market Continued From Page One generally goes the other way," Ma-: honey said. More he also noted that "both the amateur and the professional are better informed about the market today" than they were a few years ago, and that the securities of a really strong company are likely to reflect that strength in the long run, regardless of what the general market is doing. Jameg G. Peterson, president of Dain, Kalman Quail, a Minneapolis-based regional brokerage firm, went beyond the market itself to talk about why he believes the market will be strong in the 1970s. With the coming of the jet age, Peterson said and the rest of the Upper Midwest emerged from its isolation from the rest of the country to enter what he believes is its "golden era." The area is strong in the "brain industries," such as electronics, "and getting stronger," he pointed out.

New construction, even the development of skyways in downtown Minneapolis, point to the vitality of business here, he maintained. With a well-educated, healthy population, a high "quality of life" factor and a dynamic business community (demonstrated, he observed, by the high number of securities un-derwritings by his and other locally based firms), the market and business in general must continue strong. Mike Engler, a principal of Engler Budd Company, Minneapolis, pointed to another reason for his belief that the local market "will be healthier and stronger" in the 1970s. That is, the local market really is not a market unto itself. It is tied to the national OTC market and things look very good on the national level for unlisted stocks.

Engler observed that more and more information on OTC securities is becoming available. Also, a new service that should be in full swing within a few years will provide immediate quotes on OTC stocks throughout the country, creating "a much more liquid market" that should be more attractive to institutions and other sophistical ed investors. People "aren't buying dreams anymore" as they did a decade or so ago, Engler said, "and brokerage firms are not selling that kind of dreams." But, he said, "The greatest investment opportunities are in the over the counter market, because that's where the young, growing companies are." Still other reasons for optimism were voiced by S. Albert D. Hanser, a Dain, Kalman vice-president.

For one thing, he said, because of the current tight money situation, some solid firms that might otherwise find capital elsewhere may have to get into the equities market to raise what they need for operations or growth. That would give investors a chance to participate in firms that otherwise might remain unavailable to them. Hanser offered the personal opinion that OTC companies in such growth fields as office equipment, medical equipment and services and other service industries "should outperform the market as a whole" in the next few years. "The country's biggest companies and the very small, speculative companies may- not do as well as the growth-type, medium -sized companies, of which we have many in this area," he said. Hanser also shared Mahoney's skepticism about the predictions of economists, at least so far as the market is concerned.

"We're out of phase with the economy," he observed. "Theoretically equities are-hedges against inflation. We're in an era of inflation, corporate profits are good, sales are up, gross national product is up, but the stock market is down." While inflation probably will slow, he said, it will continue to be a fact of economic life a fact that must affect the market. In spite of their optimism, however, the brokers are not living in some lotus land. They have no illusions about a market in which all companies succeed and all stock prices rise.

Several men noted the recent failures of a few small publicly held companies and even a brokerage firm, plus disciplinary actions taken by governmental agencies against other firms. Robert McCraney, vice-president in charge of the OTC trading department at Piper, Jaffray Hopwood, another Minneapolis based regional firm, said he does not expect to see another time like the early 1960s. However, he said, "You always will find individual companies that will collapse. There will be that go public during the 1970s and then fail." McCraney predicted that the greatest rate of failure during the coming decade will be among scientifically oriented companies, largely because the pace of development will make many products obsolete. However, McCraney and most of the other men contacted said that the quality of new issues placed before the public in the future almost surely will continue to improve.

That is because a more sophisticated public demands more today, he said, and also because the quality of regulation by governmental agencies has improved greatly in recent years. State Securities Commissioner Lanre Johnson himself said he believes the efforts of his staff to improve the quality and quantity of information available to the public have helped to improve the quality of new issues. So have new emphasis on escrow agreements and requirements that companies sell a high percentage of their offering within a specified time or withdraw the offerings, and other regulations. SALES MANAGERS BERT JONES AUTO AFTER MARKET. Nationally adv.

product. Ett. distributors diroct. 25 man solos forco 1 8.000 ADV. -PROMOTION.

EstabJithod programs for incroasod manpowor. Good growth company. Bonus-stock 4- $16 000. FOOO PROCESSING. Must bo croa-tivt A havo somo of industry.

Now company. Opportunity to holp mako it grow. Stock-bonus NATIONAL SALES MGR. Snack foods. Mktg.

thru brokers. Midwest location $25,000 COMPUTER SOFTWARE Diroct operations of complete sb A mktg. program. Excel, fringes baso fo $30,000. Net Shares Hiah Low Close Chanae 507.400 16.7 12.7 13 3 363.400 32.3 26.3 29.2 2.1 308 300 8 5 8.1 8.1 .4 277,000 64 4 56.5 57 7.3 754,700 14.5 II II.

I 3.3 251, 9l0 14.3 11 11.41.2 248,800 62.6 55 60.1 244.700 25.4 72.5 24 .4 241.900 34.3 17 17.7 13.3 232.700 3.3 3 3.1 .1 Tenna Corp Nortek Inc Kinney Pf Svntex Mite Corp Cohu Electr Four Seasns Data Prod AstroHata Airlift Intl PERSONNEL I Mgr. Mpls. Divn 15-I7M EMPl BENEFITS Hvy. Insur. To 14M PERSONNEL MGR Suburb MM LAB REl ATT'Y Mpli.

To MM PLANT PERS MGR -No. To ISM Conventions This Week The Minneapolis Chamber WALKER 83 So. 7th St. 339-0961 BRANCH OFFICES 4725 Excelsior Blvd. 920-4353 6417 Penn Ave.

So. 861-3341 Apache Off. Pk. Bldg. 788-964 1 216 Minn.

St. Paul 227-9288 of Commerce lists the following conventions and meet ings: Upper Midwest Allied Gift As sociation, through Wednesday, Midwest Merchandise Mart, 1,000 persons expected. Minnesota Licensed Liquor Re tailers, today-Tuesday, Leaming ton Hotel, 350. Men's Boys' Wear Buying Special Introductory Offer of our current issue only Week, today-Tuesday, Leamington Hotel, 600. Midwest Stores Incorporated, Spring Showing, today Wednes day, Midwest Stores, 400.

Northwest Salesmen's Associa tion Fashion Week, today-Thursday, Radisson and Dyckman Hotels. 3.500. covering more than 300 MUTUAL FUNDS Conference for Building Inspec tors, Monday-Wednesday, Pick-Nicollet Hotel, 185. Agricultural Pesticide Short Course, Monday-Friday. Leamington Hotel, 50(1.

Minnesota Water Well Associa UNITED tion, Tuesday and Wednesday, Hopkins House, 275. Minnesota Aviation Trades As sociation, Tuesday and Wednes vw Mutual Fund jkjG Selector day, Thunderbird Motel, 125. Minnesota Association of As sessing Officers, Tuesday and Wednesday. Curtis Hotel. 300.

tracts with literally hundreds ot tirms in the state will run out this year. More than 10,000 Minnesota packinghouse workers will be among about 75,000 nationwide for whom contracts will be written this year. Armour, Swift, Wilson, Morrell, and other industry giants will meet in Chicago, 111., with negotiators for the Amalgamated Meat Cutters and Butcher Workmen beginning in August. They will seek master agreements which smaller packing firms usually follow in their talks. The larger contract expirations in Minnesota include 3,700 workers at Hormel in Austin, 3,000 at South St.

Paul's Armour plant 1,400 at Wilson in Albert Lea, and about 200 who remain at Swift Co. in South St. Paul. The median wage and fringe benefit increase for major contracts negotiated in the first nine months of 1969 was 8.1 percent annually, up from 6.6 percent the year before and the highest level in several years. But the trend also runs counter to the Nixon administration's efforts to cool the economy.

Strikes at the beginning of 1969 were costing the economy 3.4 million man-days of lost production per month, the highest level in 23 years. But by year-end, the figure had lessened to 2-8 million, the highest in three years, largely because of fewer major contracts up for negotiation. United Auto Workers (UAW) President Walter Reuther, will lead the biggest bargaining showdown of 1970 when the union starts talks in September with the automotive Big Three. More than 600,000 UAW members are involved. About 3,000 Minnesotans, including 1,800 at Ford's St.

Paul assembly plant, will be represented in USW talks, largely in the auto and farm implement industries. Textile Talks Set WASHINGTON, DC. The United States and Nationalist China will open textile talks Monday, including a disputed overshipmcnt of 14 million square yards of cotton textiles above Taiwan's quota for 19H9. There also will be discussions of the U.S. request for voluntary restraints on Nationalist China's exports on man-made and woolen textile fibers.

In addition there will be discussion of an extension of the international cotton textile agreement, which expires Sept. 30. With the approaching resumption of Congress, American officials anticipate pressure from representatives of textile-producing states for voluntary controls on cotton, woolen textiles. i dl a Cooperatives. IDS Continued From Page One percent of the office space in the tower, which will be by far the tallest build-in Minneapolis.

It's been no secret that the two companies would be major occupants of the structure, but details of their usage haven't been made public until now. The tower and annex will be part of the IDS Center, a development covering the entire block bounded by Nicollet Mall, Marquette 7th St. and 8th St. Other features of the center will include an 18-story hotel bank facility, a two story retail facility and a covered plaza. The current Dayton Hudson headquarters are located in Dayton's department store, across the Mall from the IDS project.

The store will be among the buildings connected to the center by pedestrian skyways. IDS would not comment specifically on the prices it will "charge tower occupants, but Lin Deardorff, leasing manager for the project, said the office space will be the most expensive in town. He also pointed out that the prices will increase as you get higher in the tower. Among other things, Dar-dorff said, IDS is "selling prestige and location" to prospective tenants. And pike, he said, "isn't the dominant factor" for many office seekers.

The octagonal-shaped sky scraper will be opened in stages between January and July of 1972. The entire center is scheduled to be completed in 1973. The south half of the block (where the tower and annex will be located) is being excavated now. Demolition of the buildings remaining in the rest of the block is scheduled for spring and early summer of this year. Trade Show, Tuesday Thursday, Auditorium Convention Hail, i Finance I Continued From Page One inga more stable economy in the yearly State of the Union, budget and economic reports.

Economists hope the administra-! tiQXLwill sponsor a tightly controlled budget that will enable the Federal I deserve to ease its monetary policy. There were indications last week 4hat the administration is striving toward that end. The week's crop of economic and usiness data provided evidence that 3Sie United States will endure a business recession this year. Most convincing was the Commerce Department's preliminary estimate of the gross national product (GNP) for last ear. It confirmed expectations that Ufie real growth of the U.S.

economy was stopped in the final quarter of 3J169, thus realizing the goal of the government's restraint program. However, it will take at least anther three months of zero growth make a qualified recession. The IXommerce Department report showed rise of only $10.3 billion in the SNP for the fourth quarter, with all 3lf is accounted for by the 4.4 per-wrt' gain in the price deflator. The for 1969 as a whole was placed billion, more than $66 bil-ionabove 1968. SXnie agency said the chief element "Jirthe fourth-quarter slowdown was ttrop in the rate at which business cumulated inventories grew at annual rate of $7.8 billion with $10.7 billion in the third JH4arter.

Detroit indicated last week that Ztbt sluggish demand for automobiles continued in the new year. Sales itfoti the first 10 days of January were 22, 'percent below a year earlier, but tart of the drop was ascribed to bad weather. Federal Reserve reported an- other downturn in its industrial pro-eduction index for December, continuing the trend that started last sum-meK The index dipped three-tenths pf percent to 170.9 percent of the 4ft57-59 base. Housing starts also fell lU jSrrcent from November to an an-T)0l rate of 1,254,000 units. Personal income, meanwhile, continued to show slower growth.

The December rise was at an annual rate billion, or about half the J'f ar-earlier gain. 'fn the bond market last week, in-te(tst rates moved up after a month yf a generally declining trend. 1,200. Minnesota State Department of Civil Defense, County Civil De- AUTHORITATIVE, UNBIASED ADVICE BY UMFS ON WHICH FUNDS TO BUY NOW Here are just a few of the subjects covered by UMFS in a yearly subscription fense Directors Symposium. Thurs day and Friday, Curtis Hotel.

100. Association of Operating Millers, District 4, Friday, Leamington Hotel, 100. i Best Performing Funds American Collectors Associa tion, Upper Midwest Conference, Friday and Saturday, Curtis Hotel, 100 Minnesota Poullrv Hatchery As Ratings of Small Fund performance Detailed buying recommendations Ten-year performanctj records New funds in registration Dual Funds, Income Fund, Closed-end Funds, etc. Supervised List to meet various objectives Appraisal of No-Load Fund perlormance Evaluations of Go-Go Funds portfolios and performance sociation, Mmnesola Poultry, Butter and tea Association. Friday and Saturday, Pick-Nicollet Hotel, 50.

Northwest Shoe Travelers, Sat urday-Jan. 2Hlh, Leamington Ho You get all the above, and much more in a $45 annual subscription 'ILL OUT COUPON AND MAIL TODAY tel. 350. North Central States Optometrlc Conference, Salurdav-Jan. 2tith.

1 Leamington Hotel, 275. The St. Paul Chamber of UNITED Mutual Fund Selector A i of United Business Service Commerce lists the follow inp meetings: Minnesota Federation of County 212 NEWBURY STREET, BOSTON, MASSACHUSETTS 02116 Fairs. Slate Agiicultural Society, Midwest Showmen. Monday-Wednesday.

St. Paul Hotel. 90t. American Society for Metals, $1 Monday-1 hursday, Hilton Hotel. Send current issue of UNITED Mutual Fund Selector lor Enter my ennual subscription to UNITED Mutual Fund Selector 24 issues tor $45.

Bill me 125 I I I Minnesota Association of Child Caring Institutions, Wednesdav- Iridav. Hilton Hotel. 325. 101 Brotherhood nf Railway Clerks, I NAME I ADDRESS- Friday, Lowrv Hotel, ,100. Ml CI.

Keep Minnesota Clean and Scenic, 1 riday, Lowry Hotel, I I jrir. CITY. STATE OMIPIOMO WUVMSt JrTOT WtOOt. W) Minnesota Heart Association Friday-next Sunday, Hilton Hotel 150..