The Missoulian from Missoula, Montana • 21

The Missoulian, Thursday, December 11, 1969-21 Eurodollar Market Growing If IP 1 KEEPING UP With Jones Deane Jones, That Mrs. Burrell Is Retiring This Month HELENA (AP) Mrs. K. Elizabeth Burrell, Montana's first and only director of public health education for the Department of Health, is retiring at the end of December first after serving more than 27 years with the state agency. Dr.

John S. Anderson, executive officer of the department, has named Mrs. Maxine S. Homer as acting director of the division. Mrs.

Burrell first came to the department in 1942 as a health education consultant and when the Division of Public Health Ed-cation was formed in 1947 she was named director. By JOHN M. LEE 10 Niih York Timtt Newt Smut LONDON An American banking official said Wednesday that United States residents have flouted U.S. prohibitions and placed substantial funds in the Eurodollar market to take advantage of higher interest rates. Dennis Weatherstone, a vice president of the Morgan Guaranty Trust Company's London office, added that he had heard estimates that the funds totaled more than $1 billion.

The banking official said none of the money moved directly to Morgan or, presumably, to other American banks with offices here. The American banks have been asked by the Federal Reserve Board to refuse Eurodollar deposits from American corporations or individuals unless the funds are being used for their genuine International business. Weatherstone said Switzerland and Canada had been mentioned as favored routes for moving funds abroad, and he suggested that foreign banks in New York might not be so attentive to federal reserve requests as American banks. He also noted that the Canadian government had imposed restrictions last July to stem such outflows. The attraction for Americans with surplus funds is the high interest rates paid for Eurodollars, that is, American dollars deposited with banks outside the United States, including the overseas branches of American banks.

The current annual rate for Eurodollars is about 11 per cent for six-month deposits. The ceiling rate for six-month domestic deposits of $100,000 or more is 6'4 per cent. American banks have actively bid up Eurodollar rates over the last 19 months in a search for funds to transfer to the U.S. to case the effects of the domestic credit squeeze. The American funds that come to Europe seeking the higher rate, only to be transferred back to the U.S.

are known by American money men as "round-trip money." The British use the term "return-ticket money." Weatherstone made his remarks at a seminar here on Eurodollars and Eurobonds, sponsored by the Financial Times and sister publications. The Morgan official estimated the size of the Eurodollar market at $40 billion. GOOD MORNING! When Tom O'Neil was buried yesterday, Missoula and Montana lost one of their finest sportsmen. If any one person could be said to exemplify sportsmanship, it was Tom. For some 20 years he had been a stalwart in the athletic officiating field, serving in games from grade school to college conference level, often donating his services for the benefit of the youngsters.

I can't recall how many times Tom called me over the years to announce football rules clinics in the fall, basketball clinics in the winter. He was Mr. Official in these parts, and sports fans, possibly more than any others, will miss him. We need more men who had the courage of Tom O'Neil. He had known for two years that he didn't have long to live, but continued his activities, officiating and otherwise, with a cheerful demeanor.

A CALIFORNIA BOOSTER Ex-Missoulian Jimmy Holmes, now living in San Rafael, sends along a couple of clippings from the San Rafael Independent. Jim Gilmartin writes a column in that paper, Sift an Because you cant have too much of a good thing: 1 We tilled the only 72 gall world whiskey decanter in the Sof Whiske; 1 A (If you don't believe in too much of a good thing, Soft Whiskey also comes in 45 qt. decanters.) and 1 11 repeat a bit of his stuff. "AND NOW we present another sports buff, this one of the football species. "His name is Merlin C.

Roberts of San Rafael, a carpenter, who is all fired up over the Camellia Bowl in Sacramento on Dec. 13. "For Roberts, the game between North Dakota State and U. of Montana is a natural. A Dream Bowl.

"You see, Roberts is a native of North Dakota who grew up in Missoula, Montana. Wrapping up these sentimental associations in one feature at nearby Sacramento is, to Roberts, like getting a package from home. You'd better believe he'll be there. "Roberts, who has lived in San Rafael for 25 years, admits that in addition to the perfect combination of Camellia Bowl rivals he is a football nut. 'My wife's always giving me hell for watching games on TV all he laughs.

'As a kid in Missoula I used to watch the Grizzlies play every Saturday, but I haven't seen them in 35 years. I can remember a player named Wild Bill Kelly, a big star there. They've had some pretty good teams at Montana over the years, but I can't remember one like the 10-0 record they've had this "I forgot to ask him who he'd be rooting for, but I have a hunch it'll be the Grizzlies, with Bill Hickerson of San Anselmo at middle linebacker." GILMARTIN turns out to be a big booster for the Camellia Bowl. He takes note of a neighboring San Anselmo boy, Karl Stein, being a unanimous selection for All-Big Sky honors for his record-breaking defensive play (11 interceptions) for the unbeaten Grizzlies. Says Gilmartin: "Stein is ineligible for the Sacramento game, but fellow San Anselsman Bill Hickerson will be at his regular middle linebacker post when the Grizzlies meet the Bison Incidentally, Camellia tickets ($5 and $2) can be obtained by writing Camellia Bowl, 1722 Street, Sacramento." ON MENTRUM-BRIGGS Archie McTaggart of Hamilton drops a line to comment on the recent Mentrum-Briggs item in the column.

Says Archie, a Missoula groceryman years ago and later mayor of Butte: "The last place of business for Mentrum Briggs was just west of the D. J. Donahue store (now Wards). A former county treasurer named Kennedy bought them out about 1908. Either Mentrum or Briggs lived in a place just east of the entrance to the Missoula Country Club and raised fancy driving horses.

Mentrum left Missoula about 1910 for Anaconda and was fire chief there for many years." JIM KELLY also dropped in with a comment on Mentrum Briggs, bringing a picture of his dad, the late Hughie Kelly, at the reins of a four-horse wagon bearing Mentrum-Briggs beer and liquor products in an early-day parade. The picture was taken in front of the bottling plant down hear the intersection of Railroad Street and Toole Avenue, dated 1900. 336-Vehicle Purchase II Si S53 i 1 TV, I i ''jm' I I If i 7 i 1 fib Ai Vis ifir vk mi HELENA (AP) Completion of the state of Montana's largest sinele Durchase of cars and The other 123 units were purchased from these 16 other dealers: Bison Motors, Great Falls, 18 units; City Motor Great Falls, 17 units; Bozeman Ford, Bozeman, 15 units; Chevrolet, Missoula, 13 units; Rath-ert-Schrieber, Wolf Point, 12 units; Urbanec Motors, West Glendive, 11 units; Frontier Chevrolet, Billings, 11 units; Capitol Ford, Helena, 9 units; Flathead Motor Sales, Kalispell, 7 units; Love Motor Miles City; 5 units; Don Norem, Bozeman, 3 units; Modern Chev-Olds Miles City, 3 units; Rygg Ford Sales, Kalispell, 1 unit; H. O. Bell Missoula, 1 unit; Barmont Sales, Deer Lodge, 1 unit; and Superior Coach, Helena, 1 unit.

i ,4 ii trucks a buy of 336 vehicles for $1,161,682 was announced Wednesday by the Department of 1 Administration. Purchasing Agent H. F. 1 "Mike" Weggenman and Luther Glenn, the division's senior buyer, said that, after deducting trade-ins valued at $290,196, the net cost to the state was $872,486. For this amount, the state got 36 pursuit cars for the High-; way Patrol, a purchase an-.

nounced soon after last week's opening of competitive bids. 130 passenger cars, vans 1 and station wagons. 161 trucks, including 56 three-ton dump trucks for the Highway Department. 8 diesel-powered dump trucks. And a 40-passenger bus.

Of the total of 336 units on bids were opened by the ar, nent headed )y Controller Doyle B. Saxby, 213 units were purchased from these four dealers: Dodge City, Helena, 72 units; 93 Chrysler Plymouth, Missoula, 53 units; Anderson Mo-tors, Helena, 46 units; In-' ternational Harvester Bil- 42 units. 1 SILENT Calvert Extra.The Sof Whiskey, $1 1 20 $90 JL X. 12 Gal. A 45 Qt.

AUCTION Today thru Fri. 6 p.m. University Center Highest written bid wins. HALF GALLONS AND FIFTHS AVAILABLE IN GIFT-BOXED DECANTERS, AT NO EXTRA COST. BLENDED WHISKEY.

86 PROOF. 65 GRAIN NEUTRAL SPIRITS 1969 CALVERT DIST. LOUISVILLE, KY. CODE No. 252Z CODE No.

1259F.