Probably/rb the/at hottest/jjt thing/nn that/wps has/hvz hit/vbn the/at Dallas/np investment/nn community/nn in/in years/nns was/bedz the/at Morton/np-tl Foods/nns-tl stock/nn issue/nn ,/, which/wdt was/bedz sold/vbn to/in the/at public/nn during/in the/at past/jj week/nn ./.


	For/in many/ap reasons/nns ,/, the/at demand/nn to/to buy/vb shares/nns in/in the/at Dallas-headquartered/jj company/nn was/bedz tremendous/jj ./.
It/pps was/bedz not/* a/at case/nn of/in the/at investment/nn bankers/nns having/hvg to/to sell/vb the/at stock/nn ;/. ;/.
it/pps was/bedz more/rbr one/cd of/in allotting/vbg a/at few/ap shares/nns to/in a/at number/nn of/in customers/nns and/cc explaining/vbg to/in others/nns why/wrb they/ppss had/hvd no/at more/ap to/to sell/vb ./.


	Investors/nns who/wps wanted/vbd 100/cd shares/nns in/in many/ap cases/nns ended/vbd up/rp with/in 25/cd ,/, and/cc customers/nns who/wps had/hvd put/vbn in/rp a/at bid/nn to/to buy/vb 400/cd shares/nns found/vbd themselves/ppls with/in 100/cd and/cc counted/vbd themselves/ppls lucky/jj to/to get/vb that/ql many/ap ./.


	In/in fact/nn ,/, very/ql few/ap customers/nns ,/, anywhere/rb in/in the/at nation/nn ,/, were/bed able/jj to/to get/vb more/ap than/in 100/cd shares/nns ./.
Some/dti Dallas/np investment/nn firms/nns got/vbd only/ap 100/cd shares/nns ,/, for/in all/abn of/in their/pp$ customers/nns ./.


	A/at measure/nn of/in how/wrb hot/jj the/at stock/nn was/bedz ,/, can/md be/be found/vbn in/in what/wdt happened/vbd to/in it/ppo on/in the/at market/nn as/ql soon/rb as/cs trading/vbg began/vbd ./.


	The/at stock/nn was/bedz sold/vbn in/in the/at underwriting/nn at/in a/at price/nn of/in $12.50/nns a/at share/nn ./.
The/at first/od over-the-counter/jj trade/nn Wednesday/nr afternoon/nn at/in Eppler/np ,/, Guerin/np-tl &/cc-tl Turner/np-tl ,/, the/at managing/vbg underwriter/nn ,/, was/bedz at/in $17/nns a/at share/nn ./.
And/cc from/in that/dt the/at stock/nn moved/vbd right/ql on/rp up/rp until/cs it/pps was/bedz trading/vbg Thursday/nr morning/nn at/in around/rb $22/nns a/at share/nn ./.


	But/cc the/at Morton/np-tl Foods/nns-tl issue/nn was/bedz hot/jj long/rb before/cs it/pps was/bedz on/in the/at market/nn ./.
Indeed/rb ,/, from/in the/at moment/nn the/at reports/nns of/in the/at coming/vbg issue/nn first/rb started/vbd circulating/vbg in/in Dallas/np last/ap January/np ,/, the/at inquiries/nns and/cc demand/nn for/in the/at stock/nn started/vbd building/vbg up/rp ./.


	Letters/nns by/in the/at reams/nns came/vbd in/rp from/in investment/nn firms/nns all/abn over/in the/at nation/nn ,/, all/abn of/in them/ppo wanting/vbg to/to get/vb a/at part/nn of/in the/at shares/nns that/wps would/md be/be sold/vbn (/( 185,000/cd to/in the/at public/nn at/in $12.50/nns ,/, with/in another/dt 5,000/cd reserved/vbn for/in Morton/np-tl Foods/nns-tl employes/nns at/in $11.50/nns a/at share/nn )/) ./.


	There/ex was/bedz even/rb a/at cable/nn in/in French/np from/in a/at bank/nn in/in Switzerland/np that/wps had/hvd somehow/rb learned/vbn about/in the/at Dallas/np stock/nn offering/nn ./.
``/`` We/ppss subscribe/vb 500/cd shares/nns of/in Morton/np-tl Foods/nns-tl of/in Texas/np ./.
Cable/vb confirmation/nn ''/'' ,/, it/pps said/vbd translated/vbn ./.
But/cc E.G.T./np could/md not/* let/vb the/at Swiss/jj bank/nn have/hv even/rb 10/cd shares/nns ./.


	After/cs it/pps allotted/vbd shares/nns to/in 41/cd underwriters/nns and/cc 52/cd selling/vbg group/nn members/nns from/in coast/nn to/in coast/nn there/ex were/bed not/* many/ap shares/nns for/in anyone/pn ./.


	But/cc the/at result/nn of/in it/ppo all/abn was/bedz ,/, E.G.T./np partner/nn Dean/np Guerin/np believes/vbz ,/, an/at effective/jj distribution/nn of/in the/at stock/nn to/in owners/nns all/abn over/in the/at nation/nn ./.


	``/`` I/ppss feel/vb confident/jj the/at stock/nn will/md qualify/vb for/in the/at '/' national/jj list/nn '/' ''/'' ,/, he/pps said/vbd ,/, meaning/vbg its/pp$ market/nn price/nn would/md be/be quoted/vbn regularly/rb in/in newspapers/nns all/abn over/in the/at country/nn ./.


	He/pps was/bedz also/rb pleased/vbn with/in the/at wide/jj distribution/nn because/cs he/pps thought/vbd it/pps proved/vbd again/rb his/pp$ argument/nn that/cs Dallas/np investment/nn men/nns can/md do/do just/ql as/ql good/jj a/at job/nn as/cs the/at big/jj New/jj-tl York/np-tl investment/nn bankers/nns claim/vb only/ap they/ppss can/md do/do ./.


	But/cc what/wdt made/vbd the/at Morton/np-tl Foods/nns-tl stock/nn issue/vb such/abl a/at hot/jj one/cd ?/. ?/.


	The/at answer/nn is/bez that/cs it/pps was/bedz a/at combination/nn of/in circumstances/nns ./.


	First/rb ,/, the/at general/jj stock/nn market/nn has/hvz been/ben boiling/vbg upward/rb for/in the/at last/ap few/ap months/nns ,/, driving/vbg stocks/nns of/in all/abn kinds/nns up/rp ./.
As/cs a/at result/nn ,/, it/pps is/bez not/* easy/jj to/to find/vb a/at stock/nn priced/vbn as/cs the/at Morton/np issue/nn was/bedz priced/vbn (/( at/in roughly/rb 10/cd times/nns 1960/cd earnings/nns ,/, to/to yield/vb a/at little/ap over/in 5/cd per/in cent/nn on/in the/at 64-cent/jj anticipated/vbn dividend/nn )/) ./.


	Second/rb ,/, the/at ``/`` potato/nn chip/nn industry/nn ''/'' has/hvz caught/vbn the/at fancy/nn of/in investors/nns lately/rb ,/, and/cc until/cs Morton/np-tl Foods/nns-tl came/vbd along/rb there/ex were/bed only/ap two/cd potato/nn chip/nn stocks/nns --/-- Frito/np and/cc H./np W./np Lay/np --/-- on/in the/at market/nn ./.


	Both/abx of/in those/dts have/hv had/hvn dynamic/jj run-ups/nns in/in price/nn on/in the/at market/nn in/in recent/jj months/nns ,/, both/abx were/bed selling/vbg at/in higher/jjr price-earnings/nns and/cc yield/nn bases/nns than/cs Morton/np was/bedz coming/vbg to/in market/nn at/in ,/, and/cc everyone/pn who/wps knew/vbd anything/pn about/in it/ppo expected/vbd the/at Morton/np stock/nn to/to have/hv a/at fast/jj run-up/nn ./.


	And/cc third/rb ,/, the/at potato/nn chip/nn industry/nn has/hvz taken/vbn on/rp the/at flavor/nn of/in a/at ``/`` growth/nn ''/'' industry/nn in/in the/at public/jj mind/nn of/in late/jj ./.
Foods/nns ,/, which/wdt long/rb had/hvd been/ben considered/vbn ``/`` recession/nn resistant/jj ''/'' but/cc hardly/rb dynamic/jj stocks/nns ,/, have/hv been/ben acting/vbg like/cs growth/nn stocks/nns ,/, going/vbg to/in higher/jjr price-earnings/nns ratios/nns ./.


	The/at potato/nn chip/nn industry/nn these/dts days/nns is/bez growing/vbg ,/, not/* only/rb as/cs a/at result/nn of/in population/nn increase/nn and/cc public/jj acceptance/nn of/in convenience/nn foods/nns ,/, but/cc also/rb because/rb of/in a/at combination/nn of/in circumstances/nns that/wps has/hvz led/vbn to/in growth/nn by/in merger/nn ./.


	The/at history/nn of/in the/at U.S./np potato/nn chip/nn industry/nn is/bez that/cs many/ap of/in today's/nr$ successful/jj companies/nns got/vbd started/vbn during/in the/at deep/jj depression/nn days/nns ./.
Those/dts that/wps remain/vb are/ber those/dts that/wps were/bed headed/vbn by/in strong/jj executives/nns ,/, men/nns with/in the/at abilities/nns to/to last/vb almost/rb 30/cd years/nns in/in the/at competitive/jj survival/nn of/in the/at fittest/jjt ./.


	But/cc today/nr many/ap of/in those/dts men/nns are/ber reaching/vbg retirement/nn age/nn and/cc suddenly/rb realizing/vbg that/cs they/ppss face/vb an/at estate/nn tax/nn problem/nn with/in their/pp$ closely/rb held/vbn companies/nns and/cc also/rb that/cs they/ppss have/hv no/at second-echelon/nn management/nn in/in their/pp$ firms/nns ./.


	So/cs they/ppss go/vb looking/vbg for/in mergers/nns with/in other/ap firms/nns that/wps have/hv publicly/rb quoted/vbn stock/nn ,/, and/cc almost/rb daily/rb they/ppss pound/vb on/in the/at doors/nns of/in firms/nns like/cs Frito/np ./.


	All/abn those/dts things/nns combined/vbd to/to make/vb the/at Morton/np-tl Foods/nns-tl stock/nn the/at hot/jj issue/nn that/cs it/pps was/bedz and/cc is/bez ./.


	Now/rb ,/, if/cs Morton's/np$ newest/jjt product/nn ,/, a/at corn/nn chip/nn known/vbn as/cs Chip-o's/nps ,/, turns/vbz out/rp to/to sell/nn as/ql well/rb as/cs its/pp$ stock/nn did/dod ,/, the/at stock/nn may/md turn/vb out/rp to/to be/be worth/jj every/at cent/nn of/in the/at prices/nns that/cs the/at avid/jj buyers/nns bid/vbd it/ppo up/rp to/in ./.
Dallas/np and/cc North/jj-tl Texas/np is/bez known/vbn world-wide/rb as/cs the/at manufacturing/vbg and/cc distribution/nn center/nn of/in cotton/nn gin/nn machinery/nn and/cc supplies/nns ,/, valued/vbn in/in the/at millions/nns of/in dollars/nns ./.


	More/ap than/in 10/cd companies/nns maintain/vb facilities/nns in/in Dallas/np and/cc one/cd large/jj manufacturer/nn is/bez located/vbn to/in the/at north/nr at/in Sherman/np ./.


	It/pps is/bez no/at coincidence/nn that/cs the/at Texas/np-tl Cotton/nn-tl Ginner's/nn$-tl Association/nn-tl is/bez meeting/vbg here/rb this/dt week/nn for/in the/at 46th/od time/nn in/in their/pp$ 52-year/jj history/nn ./.


	The/at exhibition/nn of/in cotton/nn ginning/vbg machinery/nn at/in the/at State/nn-tl Fair/nn-tl grounds/nns is/bez valued/vbn at/in more/ap than/in a/at million/cd dollars/nns ./.
It/pps weighs/vbz in/in the/at tons/nns ,/, so/cs the/at proximity/nn of/in factory/nn and/cc exhibition/nn area/nn makes/vbz it/ppo possible/jj for/in an/at outstanding/jj exhibit/nn each/dt year/nn ./.


	A/at modern/jj cotton/nn gin/nn plant/nn costs/vbz in/in the/at neighborhood/nn of/in $250,000/nns ,/, and/cc it's/pps+bez a/at safe/jj assumption/nn that/cs a/at large/jj percentage/nn of/in new/jj gins/nns in/in the/at U.S./np and/cc foreign/jj countries/nns contain/vb machinery/nn made/vbn in/in this/dt area/nn ./.


	The/at Murray/np-tl Co./nn-tl of/in-tl Texas/np ,/, Inc./vbn-tl ,/, originated/vbd in/in Dallas/np in/in 1896/cd ./.
They've/ppss+hv occupied/vbn a/at 22-acre/jj site/nn since/in the/at early/jj 1900's/nns ./.
More/ap than/in 700/cd employees/nns make/vb gin/nn machinery/nn that's/wps+bez sold/vbn anywhere/rb cotton/nn is/bez grown/vbn ./.


	Murray/np makes/vbz a/at complete/jj line/nn of/in ginning/vbg equipment/nn except/in for/in driers/nns and/cc cleaners/nns ,/, and/cc this/dt machinery/nn is/bez purchased/vbn from/in a/at Dallas-based/jj firm/nn ./.


	The/at Continental/jj-tl Gin/nn-tl Co./nn-tl began/vbd operations/nns in/in Dallas/np in/in 1899/cd ./.
The/at present/jj company/nn is/bez a/at combination/nn of/in several/ap smaller/jjr ones/nns that/wps date/vb back/rb to/in 1834/cd ./.


	Headquarters/nns is/bez in/in Birmingham/np ,/, Ala./np ./.
Factories/nns are/ber located/vbn here/rb and/cc in/in Prattville/np ,/, Ala./np ./.
About/rb 40/cd per/in cent/nn of/in the/at manufacturing/nn is/bez done/vbn at/in the/at Dallas/np plant/nn by/in more/ap than/in 200/cd employes/nns ./.


	The/at company/nn sells/vbz a/at complete/jj line/nn of/in gin/nn machinery/nn all/ql over/in the/at cotton-growing/jj world/nn ./.


	Hardwicke-Etter/np-tl Co./nn-tl of/in Sherman/np makes/vbz a/at full/jj line/nn of/in gin/nn machinery/nn and/cc equipment/nn ./.
The/at firm/nn recently/rb expanded/vbd domestic/jj sales/nns into/in the/at Southeastern/jj-tl states/nns as/cs a/at result/nn of/in an/at agreement/nn with/in Cen-Tennial/nn-tl Gin/nn-tl Co./nn-tl ./.
They/ppss export/vb also/rb ./.


	The/at company/nn began/vbd operation/nn in/in 1900/cd with/in hardware/nn and/cc oil/nn mill/nn supplies/nns ./.
In/in 1930/cd ,/, they/ppss began/vbd making/vbg cotton/nn processing/nn equipment/nn ./.
Presently/rb ,/, Hardwicke-Etter/np employs/vbz 300-450/cd people/nns ,/, depending/in on/in the/at season/nn of/in the/at year/nn ./.


	The/at Lummus/np-tl Cotton/nn-tl Gin/nn-tl Co./nn-tl has/hvz had/hvn a/at sales/nns and/cc service/nn office/nn in/in Dallas/np since/in 1912/cd ./.
Factory/nn operations/nns are/ber in/in Columbus/np ,/, Ga./np ./.
The/at district/nn office/nn here/rb employs/vbz about/rb 65/cd ./.


	The/at Moss/np-tl Gordin/np-tl Lint/nn-tl Cleaner/nn-tl Co./nn-tl and/cc Gordin/np-tl Unit/nn-tl System/nn-tl of/in-tl Ginning/vbg-tl have/hv joint/nn headquarters/nns here/rb ./.
The/at cleaner/jjr equipment/nn firm/nn began/vbd operations/nns in/in 1953/cd and/cc the/at unit/nn system/nn ,/, which/wdt turns/vbz out/rp a/at complete/jj ginning/vbg system/nn ,/, began/vbd operations/nns in/in 1959/cd ./.


	Gordin/np manufacturing/vbg operations/nns are/ber in/in Lubbock/np ./.


	The/at John/np E./np Mitchell/np Co./nn-tl began/vbd work/nn in/in Dallas/np in/in 1928/cd ./.
The/at firm/nn is/bez prominent/jj in/in making/vbg equipment/nn for/in cleaning/vbg seed/nn cotton/nn ,/, driers/nns ,/, and/cc heaters/nns ,/, and/cc they/ppss lay/vb claim/nn to/in being/beg the/at first/od maker/nn (/( 1910/cd )/) of/in boil/nn extraction/nn equipment/nn ./.


	The/at increase/nn in/in mechanical/jj harvesting/nn of/in cotton/nn makes/vbz cleaning/vbg and/cc drying/vbg equipment/nn a/at must/nn for/in modern/jj gin/nn operation/nn ./.


	Mitchell/np employs/vbz a/at total/nn of/in about/rb 400/cd people/nns ./.
They/ppss export/vb cotton/nn ginning/vbg machinery/nn ./.


	The/at Hinckley/np-tl Gin/nn-tl Supply/nn-tl Co./nn-tl is/bez a/at maker/nn of/in ``/`` overhead/jj equipment/nn ''/'' ./.
This/dt includes/vbz driers/nns ,/, cleaners/nns ,/, burr/nn extractors/nns ,/, separators/nns and/cc piping/vbg that's/wps+bez located/vbn above/in gin/nn stands/nns in/in a/at complete/jj gin/nn ./.


	The/at firm/nn began/vbd operations/nns back/rb in/in 1925/cd and/cc sells/vbz equipment/nn in/in the/at central/jj cotton/nn belt/nn ,/, including/in the/at Mississippi/np Delta/np ./.


	The/at Cen-Tennial/nn-tl Gin/nn-tl Supply/nn-tl Co./nn-tl has/hvz home/nr offices/nns and/cc factory/nn facilities/nns here/rb ./.
They/ppss make/vb gin/nn saws/nns and/cc deal/vb in/in parts/nns ,/, supplies/nns and/cc some/dti used/vbn gin/nn machinery/nn ./.


	The/at Stacy/np-tl Co./nn-tl makes/vbz cleaning/vbg and/cc drying/vbg equipment/nn for/in sale/nn largely/rb in/in Texas/np ./.
They've/ppss+hv been/ben in/in Dallas/np since/in 1921/cd ./.


	Cotton/nn-tl Belt/nn-tl Gin/nn-tl Service/nn-tl ,/, Inc./vbn-tl of/in Dallas/np makes/vbz gin/nn saws/nns and/cc started/vbd here/rb 14/cd years/nns ago/rb ./.
They/ppss distribute/vb equipment/nn in/in 11/cd states/nns ./.
The/at firm/nn also/rb handles/vbz gin/nn and/cc oil/nn mill/nn supplies/nns such/jj as/cs belting/nn ,/, bearings/nns ,/, etc./rb ./.


	Cotton/nn processing/nn equipment/nn is/bez a/at sizable/jj segment/nn of/in Dallas/np business/nn economy/nn ./.
New/jj car/nn sales/nns in/in Dallas/np-tl County/nn-tl during/in March/np showed/vbd slight/jj signs/nns of/in recovering/vbg from/in the/at doldrums/nns which/wdt have/hv characterized/vbn sales/nns this/dt year/nn ./.


	Registrations/nns of/in new/jj cars/nns in/in Dallas/np-tl County/nn-tl cracked/vbd the/at 3,000/cd mark/nn in/in March/np for/in the/at first/od time/nn this/dt year/nn ./.


	Totaling/vbg 3,399/cd ,/, sales/nns jumped/vbd 14/cd per/in cent/nn over/in February's/np$ 2,963/cd ./.
However/wrb ,/, compared/vbn with/in March/np 1960/cd new/jj car/nn sales/nns of/in 4,441/cd ,/, this/dt March/np was/bedz off/rp 23/cd per/in cent/nn ./.


	On/in a/at quarter-to-quarter/jj comparison/nn ,/, the/at first/od quarter/nn of/in 1961/cd total/nn of/in 9,273/cd cars/nns was/bedz 21/cd per/in cent/nn behind/in the/at previous/jj year's/nn$ 3-month/jj total/nn of/in 11,744/cd ./.


	This/dt year-to-year/jj decline/nn for/in Dallas/np-tl County/nn-tl closely/rb follows/vbz the/at national/jj trend/nn --/-- estimated/vbn sales/nns of/in domestic/jj cars/nns in/in the/at U.S./np for/in first/od three/cd months/nns of/in 1961/cd were/bed about/rb 1,212,000/cd or/cc 80/cd per/in cent/nn of/in the/at total/nn in/in the/at first/od quarter/nn a/at year/nn earlier/rbr ./.


	With/in the/at March/np pickup/nn ,/, dealers/nns are/ber optimistic/jj that/cs the/at April-June/np quarter/nn will/md equal/vb or/cc top/vb last/ap year/nn ./.
The/at March/np gain/nn plus/cc this/dt optimism/nn has/hvz been/ben encouraging/jj enough/qlp to/to prompt/vb auto/nn makers/nns to/to boost/vb production/nn schedules/nns for/in the/at next/ap quarter/nn ./.


	On/in the/at local/jj level/nn ,/, compacts/nns continue/vb to/to grab/vb a/at larger/jjr share/nn of/in the/at market/nn at/in the/at expense/nn of/in lower-priced/jjr standard/jj models/nns and/cc foreign/jj cars/nns ./.
Only/ap three/cd standard/jj models/nns --/-- Buick/np ,/, Chrysler/np ,/, and/cc Mercury/np --/-- had/hvd slight/jj year-to-year/jj gains/nns in/in March/np sales/nns in/in the/at county/nn ./.


	The/at top/jjs 3/cd students/nns from/in 11/cd participating/vbg Dallas/np-tl County/nn-tl high/jj schools/nns will/md be/be honored/vbn by/in the/at Dallas/np-tl Sales/nns-tl Executives/nns-tl Club/nn-tl at/in a/at banquet/nn at/in 6/cd p.m./rb Tuesday/nr in/in the/at Sam/np Houston/np Room/nn-tl of/in the/at Sheraton-Dallas/np-tl Hotel/nn-tl as/cs the/at club/nn winds/vbz up/rp its/pp$ annual/jj Distributive/jj-tl Education/nn-tl project/nn ./.


	Now/rb in/in its/pp$ third/od year/nn ,/, the/at program/nn is/bez designed/vbn to/to provide/vb a/at laboratory/nn for/in those/dts youngsters/nns seeking/vbg careers/nns in/in marketing/vbg and/cc salesmanship/nn ./.
Business/nn firms/nns provide/vb 20/cd weeks/nns of/in practical/jj employment/nn to/to supplement/vb classroom/nn instruction/nn in/in these/dts fields/nns ./.


	More/ap than/in 500/cd juniors/nns and/cc seniors/nns are/ber taking/vbg part/nn in/in the/at program/nn and/cc 100/cd firms/nns offer/vb jobs/nns on/in an/at educational/jj rather/in than/in a/at need/nn basis/nn ./.


	Principal/jjs address/nn will/md be/be delivered/vbn by/in Gerald/np T./np Owens/np ,/, national/jj sales/nns manager/nn for/in Isodine/np-tl Pharmical/jj-tl Corp./nn-tl of/in New/jj-tl York/np-tl ./.


	The/at 33/cd honored/vbn students/nns are/ber :/: Mike/np Trigg/np ,/, Raymond/np Arrington/np ,/, and/cc Ronald/np Kaminsky/np of/in Bryan/np Adams/np ,/, Janice/np Whitney/np ,/, Fil/np Terral/np ,/, and/cc Carl/np David/np Page/np of/in W./np H./np Adamson/np ;/. ;/.
Bill/np Burke/np ,/, Tommie/np Freeman/np ,/, and/cc Lawrence/np Paschall/np of/in N./np R./np Crozier/np Tech./np Paulah/np Thompson/np ,/, Gerald/np Kestner/np ,/, and/cc Nancy/np Stephenson/np of/in Hillcrest/np ;/. ;/.
Arnold/np Hayes/np ,/, Mary/np Ann/np Shay/np ,/, and/cc Lloyd/np Satterfield/np of/in Thomas/np Jefferson/np ;/. ;/.


	William/np Cluck/np ,/, Deloris/np Carrel/np Carty/np ,/, and/cc Edna/np Earl/np Eaton/np of/in North/jj-tl Dallas/np-tl ;/. ;/.
Patricia/np Ann/np Neal/np ,/, Johnny/np Carruthers/np ,/, and/cc David/np McLauchlin/np of/in Rylie/np of/in Seagoville/np ;/. ;/.
David/np Wolverton/np ,/, Sharon/np Flanagan/np ,/, and/cc James/np Weaver/np of/in W./np W./np Samuels/np ;/. ;/.
William/np Austin/np ,/, Gary/np Hammond/np ,/, and/cc Ronnie/np Davis/np of/in South/jj-tl Oak/nn-tl Cliff/nn-tl ;/. ;/.
Bill/np Eaton/np ,/, Carolyn/np Milton/np ,/, and/cc Ronnie/np Bert/np Stone/np of/in Sunset/nn-tl ;/. ;/.
and/cc Charles/np Potter/np ,/, Ronnie/np Moore/np ,/, and/cc Robert/np Bailey/np of/in Woodrow/np Wilson/np ./.


	The/at Kennedy/np administration's/nn$ new/jj housing/vbg and/cc urban/jj renewal/nn proposals/nns ,/, particularly/rb their/pp$ effect/nn on/in the/at Federal/jj-tl Housing/nn-tl Administration/nn-tl ,/, came/vbd under/in fire/nn in/in Dallas/np last/ap week/nn ./.


	The/at Administration's/nn$-tl proposals/nns ,/, complex/jj and/cc sweeping/vbg as/cs they/ppss are/ber ,/, all/abn deal/vb with/in fringe/nn areas/nns of/in the/at housing/vbg market/nn rather/in than/in its/pp$ core/nn ,/, stated/vbd Caron/np S./np Stallard/np ,/, first/od vice-president/nn of/in the/at Mortgage/nn-tl Bankers/nns-tl Association/nn-tl of/in-tl America/np-tl ./.