Show Standard Examiner Wednesday August 18 1982 9C Stocks and mutual funds NEW YORK (AP) — Stock prices surged up ward again in the heaviest trading ever adding to the record gains they posted Tuesday in response to falling interest rates The Dow Jones average of 30 industrials which shot up 3881 points Tuesday for its largest single-da- rise y in history climbed 1503 points to 84627 at noon Gainers held a lead over losers in the broad tally of New York 15-- 1 Stock Exchange-liste- d issues 15 most stocks in active early showed gains trading Among prominent blue Most of the International chips Business Machines to 67 3A gained American Telephone & Telegraph Vz to 556 and Exxon to 27 K mart advanced 2V6 to 20 CocnCI CoiaPal Colren Coftfn s CoKSas CmbEn Comdl j Cmwf Comsat ConEd ! CnsNG ConsPw ContAir CnttCp CntIGrp Thrift First ot Depositors Nlwmy foil to retrieve bounced checks CorrHlI SALT LAKE CITY (UPI) — out 200 depositors of the financially Coat Tel CtOat s Coo pr CornG Crock N CrvmCk troubled Murray First Thrift crammed into a 3rd District Court hearing Tuesday hoping to retrieve CrwZel CurtW DataGfl Ooyco DoytPl Deere DeltaA Dennys DetEd DiamS Digital Dillon Disney DrPepp DowCn DowJon Dresr duPont DukeP Met McDftld McDnD DuqLt McGEd McGrH McLean Mead Melville Merck Merely MesoPi MidSUt EastAir EastGF EsKod NEW YORK (AP) —Midday notional prices for New York Stock Exchange issues PE Sales Last Chf about $1 million in bounced checks ' But they left the same way they came — with high hopes and empty pockets The depositors many of whom had to wait in the fourth floor hall Off the City and County Building because of the packed courtroom had hoped they would retrieve their money after the hearing They represent the class of depositors who pulled money out of Murray just a day or two before the state takeover Once they attempted to deposit the check it was dishonored by other banks The state has taken the position that those who pulled money out before the takeover — about $1 million worth — should be compensated because they aren’t even on the books as depositors anymore But the depositors who left their money in the bank contend everything should be left alone until the Eaton EeWin EIPoso EmrsEI Enserch Evnark MMM EvanP ExCefo Exxon MinPl Mobil MdMer MohkDt Monsan PMC MntOU Fairchd Feders FedNM FedDSt FnSBar MonPw Morgan MorNor Motrokj Mtfuel Ethyl NLInd NIT NabscB NcrtCan NatDist FstChic Flntste FleetEn FligtSf 1 180 205 NcrtFG FlaPrg FlwGen Fluor FordM NatGyp ForMK FrptMc Fruehf GAF GTE Gannett GnDyn Gen El GnFds GnHous Glnst i GnMills GMot GPU GnSignl GTire Gensco 220 6 568 316 5 22 63 18 2840 429 4 795 15 16 15 u23 u30 36 u16 u48 148 NSemi NotlStl Natom NevPw 140 264 NEngEI 3 1 Newmt NiaMP Nor So Nortek NoAPhl NoestUt NoStPw Nortrp NwstAir Nwtlnd Norton NorSim 15 41 34 16 20 28 1 FloPL 3 1461 10 2311 7 4278 17 6 13 5 137 7 449 n 180 80 440 2 108 — 1940 GerbPd Gibrtn Gillette GldNug Gdrich Gocdyr Goulo Groce drive GuHOII GlfStUt GuffUtd HRT Halbtn Horlnd Harris HarfH HeclaM Her cuts Heublin Vs Holiday HoilyS Homjtk Honwll HospCp Hotelln Houslnt Houlnd HouNG R models and as a five-ye- ar E-c- ar set of 2 front-whe- drive cars el n in Others were the 1978 the Aries and Reliant introduced in 1980 and the LeBa-ro- n and 400 last year A fifth series including a front-driv- e Chrysler New Yorker will debut next winter Production of the 1983 four-domodels is set to reach 60 cars an hour by Aug 31 with a work force of 4700 people The models will account for about 60 percent of the daily output Chrysler invested more than $80 million in retooling and preparing the Jefferson Avenue plant for production About 45 percent of the Omni-Horizo- K-ca- rs 1 Northern Utah index 1 1 (Prices as of 10 1 am or MSTJ Price Cnortge Albertson's Amalgamated Sugar Am Stores (Skoggs) Campbell Soup 6- 24— HewlP el the upcoming model year Harold Sperlich president of Chrysler’s North American Automotive Operations drove a silver Dodge 600 ES off the assembly line Tuesday onto a red carpet at the Jefferson Avenue plant United Auto Workers Vice President Marc Stepp followed in a charcoal grey Chrysler The cars are Chrysler’s fourth - 1 GtWFin Greyh Grumm GlfWst front-whe- 50000 mile warranty program for 18— GtAtfe 1983 lure is extending its - 176 176 120 Chrysler hopes on two family oriented 1 O—O — — is pinning its future sales Corp 5 1174 18 6 1479 13 17 7 881 38 18 6 1 8 3 15 240 5 32 26 OrenC 120 42 346 19 Owenlll 168 6 53 23 P— Q — PPG 236 8 635 37 3 PocGE 6 1424 u26 276 6 43 24 Pocltg PacPw 216 6 211 3 PonAm 1576 4 84 24 PanhEC 230 1 Parse s 7 218 14 PaPL 232 6 1062 19 7 1334 25 Pennxol 220 PepsiCo 162 11 1137 40 Perk El 50 13 935 19 Pfiier 184 18 3828 59 19 511 PhelpD PhiloEl 7 2427 u 1PhilMr 240 8 1931 49 PhilPet 22 5 1596 224 6 469 40 Pilsbry 1 Pioneer 7 561 13 160 9 864 u34 PitnyB Prttrtn 120 6 311 13 1 7 262 26 Pneumo 1 Polorid 55 900 23 PortGE 174 5 859 ul4 ProeG 420 10 2622 u90 PSvCol 176 8 837 16 PSvEG 256 8 1330 u22 176 6 306 13 PugetP 4 3 221 Pyro GuakO 180 9 913 40 80 6 499 10 QuokSO GaPac DETROIT (UPI) 1 250 OcciPet OhioEd OklaGE Olin Omark ONEOK Term (UPI) — Fireswould 1 1 237 1700 1 873 149 7y 96 36 1969 11 876 u29 1 209 52 1078 29 2 1623 34’— 2 6 220 25 8 312 19— 18 180 6 280 5 08 3 170 6 128 7 274 7 1 teral for the loan The department would like those leases released to make Murray a more valuablelooking package for potential buy- ers Fischler said he would rule on that matter Friday He also told the disgruntled depositors he would hold a day-lon- g hearing Monday to determine if those who’ve pulled their money out of the thrift be paid Fischler will also hear Monday a petition from MFT’s owners demanding the state show cause for the takeover Billings reminded the judge that if he decides the depositors should be compensated a formula for borrowing the money to cover the debts must be worked out The judge asked the attorneys to try and settle about six lawsuits representing several million dollars against Murray so they can be out of the way when the Department of Financial Institutions attempts to present a sales package to potential Murray bidders next week Chrysler hopes Truck fire plant to close explained that Firestone pinned on new toneMEMPHIS that the announced Tuesday it cognized in October serious was its close facing truck tire plant Memphis plant models for '83 next springMemphis workers economic problems Although leaving Finestn FtChrt thrift’s status is finally determined by the courts They fear that if $1 million is paid out that will leave less to divide among themselves when the issue is finally determined by the courts The state is also hoping a large financial institution will buy Murray and assume all obligations to the depositors Those with money still in the thrift want everything left alone until the purchase negotiations are over But those issues weren’t the main event at Tuesday’s hearing The hearing focused on whether Commercial Security Bank had the right to use Murray First Thrift deposits to cover a loan CSB made to the thrift’s subsidiary Murray Leasing Co The loan was for about $2 million and the Murray deposits are for about $2 million although CSB says it’s still about $150000 short The State Department of Financial Institutions represented by Peter Billings Sr asked for a speedy decision by the court on that matter because CSB also holds about $4 million in leases as colla 2 — 35 47 46 36 Emrsn Elec(PacChr) 45 9 Grand Central Gulf Res (GSL Minerals) 1 3 C Ind (Jetway) 26 Malone & HydefSunset) 32 28 Mountain Fuel Nucor Steal Corp 33 15 Parker Hann (Bertea) 40 Pillsbury Rio Grande Ind 30 27 Southern Pacific Thiokot 39 Union Pacific 32 Utah Power & light 9 28 Wesfinghse (WestZir) Wurlitzer 3 Vs — — 2 —R — Vs 1 I — 1 — 1 - 1 Vs 1 — Vs — Vs 1 HughTI parts are new Prices for the autos will be announced in the next several weeks and will be “competitive” with the which cost about $10000 Sperlich said the company is extending its “5-5plan for the 1983 model year The program offers five years or 50000 miles of protection on the power train guarantees A-ca- rs without jobs The company whose headquarters are Akron Ohio said the move was necessary because of a declintires ing demand for bias-pl- y The shutdown will affect 850 active hourly workers 260 salaried employes and 830 hourly employes already laid off said David L King executive vice president of Firestone Tire and Rubber Co’s World Tire Group “The declining demand for conventional bias-pl- y medium and heavy-dut- y truck tires can no longer support the operation of the Memphis facility” King said at a hastily called news conference “Firestone will be able to handle all the needs of our customers in all distribution channels” King said a statement was read at the plant to members of the United Rubber Workers Union givnotice reing them the contract quired by their six-mon- th IU Int IdoboP IdeaiB IllPowr 1980 management and local union officials tried to make revisions in work practices and expenditures in an attempt to save the plant the problems could not be overcome “Unfortunately the reduced market demand for the tires produced at Memphis just does not support the production levels which are needed to make the jointly established survival plan work” King said Firestone took over the plant in 1937 Employment reached a peak in 1945 when the plant had 7000 workers In the middle of the last decade employment had had leveled off to about 3000 at the Memphis plant The Firestone announcement came on the heels of a decision announced July 29 to shut down the International Harvester plant in Memphis The Harvester closing left about 1700 Memphis workers without jobs Bank of Utah officer quits post William W Beutler has resigned as executive vice president of the Bank of Utah and from its board of directors The resignation was announced by President Roderick H Browning who said Beutler’s letter of resignation stated he is pursuing another career opportunity Browning said a successor has not been selected 0” 1C Irvd re- King Beutler who was not available for comment has been with the bank for 25 years Without advertising a terrible thing happens Nothing against rust and free routine maintenance Some repairs after two years require a $25 deductible Inexco IrsgerR InraSH payment Intrfst Irrtrik IBM Shoe chain Intflav IrrtHarv IntMin IntNrth lowoPS ItekCp 4 purchased JohnJn JonLgn Josten JoyMtg K NORFOLK Va (UPI) — A British shoe manufacturer and retailer mart has purchased Hofheimer’s Inc a KaisrAl chain Hofheimer’s officials said Lewis D Hirchler Hofheimer’s president and a grandson of one of the founders said Ward White Investments Ltd a subsidiary of Ward White Group of Northamptonshire England purchased the chain Ward White has said it paid $235 million for Hofheimer’s Hofheimer’s started in 1885 by three brothers has stores in Virginia and North Carolina Last year it posted profits of $41 million on sales of $359 million Ward White Investments with profits of $59 million and sales of $1761 million operates in England Ireland Sweden West Germany and Australia It recently acquired the Charles Kushins Inc chain of Childs California and the Gold Silver NEW YORK (UP1) — Foreign and Domestic gold prices quoted in dollars per troy ounce Wednesday: SL livestock NEW YORK (UP!) — Handy ond Harman Wednesday quoted silver ot $703 per fine ounce up $060 Engeihond Corp quoted o base price for industrial silver of $699 up $060 ond a price for fabricated silver products ot $752 up $064 Utah (UPf) — Feed lot and range sales for Tuesday Aug 17 1982: trade slow few sales slaughter steers and heifers steady with last week's close Stoughter steers: Couple loads of good to mostly choice 3 1075 to Morning fixing 35210 up 1435 Afternoon fixing 35775 up 2000 Paris (free market) 34810 up 1365 35399 up 1397 35750 up 2000 Frankfurt Zurich New York Handy and Harman 2000 35775 up Engelhard base price for refining settling and unfobricated gold 35775 up 2000 per troy ounce Selling price fabricated gold 37564 up 2100 per trov ounce e KonGE Kan Pit Commodity listings London shoe-stor- family-ru- n Kaneb 97-year-- Denver grain — Grain prices Aug 17 1982: No 1 hard winter wheat 321 bu No 2 yellow corn 480-49- 0 cwt No 2 Darley 410-42- 5 cwt DENVER (UPf) Board of trade NORTH SALT LAKE Ogden grain OGDEN Utah (UPI) — Grain prices Tuesday Aug 17 1982: Under 11 protein wheat 310 bu up 05 No 1 1 protein 350 bu up 03 No 12 protein 380 bu up 05 No 13 protein 401 bu up 09 No 1 soft white wheat 360 bu up 2-- 1100 Ibu 64006500 Slaughter heifers: Good to mostly choice 3 975-- 1 000 lb 6150-620- 0 Feeder cattle: Couple strings medium Tb heifers and large frame 1 550-77- 5 05 No 2 barley 460 cwt up 05 Arrivals: Seventeen cars all wheat 2-- 6000 Metal prices Coin quote NEW YORK (UP!) — Selected gold ond silver coin prices: Wednesday 1 Krugerrand troy 01 $37500 $35400 Maple Leaf troy ox 37575 35550 Mexican peso troy ox 37600 35550 Mexican 50 peso 12 troy ox 44450 41950 Austrian 100 corona 98 troy oi 35550 33550 Mexican 20 48 troy ox 18750 17600 S peso African rand 50 troy ox 19500 rana 25 troy ox 18400 S African 10000 9450 Austrian ducat 11 troy ox 4600 4350 NEW YORK (UPI) — Latest metal market prices as quoted Wednesday by the American Metal Market authoritative metals publication: Aluminum 995 percent primary us pure 50-l- b ingots 7600-770- 0 c- Antimony domestic 1 Silver 90 percent silver bags $1000 face value pre-196- 3 $6650 $6325 circulated US coinage: These quotes represent the e between what buyers are bidding and sellers are asking as quoted by Deck Perera The prices may vary from dealer to dealer and depending on market conditions mid-pric- get a market Mmked rate of nmterest Prudential’s Floating- - rate Securities i Each of these new plans offer a market linked rate of Interest— changing each week with the market— indexed to the weekly auctions of short term Government Securities There are no penalties for withdrawals at any time Each plan is designed to play a competitive role for you in today’s financial environment For more information call 974-240- 0 For current rates 24 hours a day phone Rate-Lin- e at (801) the PFS 262-RAT- E 49-sto- re 1 1 20-sto- re Two mew ways to $200 lb Copper electrolytic 686lS-700- 0 delivered US b Lead common ers refined in alloy 2600-290- 0 US b primary produc- US (secondary) producers 2900 998 percent ingot Magnesium lb 13400 lb Manganese 999 percent boxed regular 7000 76-l- b $33500-$35500 Mercury flask Nickel electrolytic cathodes Port Colborne Ont $329 lb Palladium NY Am MetMkt dealer $5550-575- 0 per troy ounce Platinum soft 995 fine producer $291 DO- $47500 dealer-appro- x 296 00 per troy ounce lb Corp of Pittsburgh Hirschler said present company personnel will continue to run the chain Hofheimer’s ranks among the top 12 shoe retailers in sales volume the trade publication Footwear News said fob LOOKING FOR ANTIQUES? Look to Classified Ads PRUDENTIAL FEDERAL SAVINGS PO Serving the Intermountain area Box 15500 Salt Lake City Utah 841 15 Prudential s Securities are not savings accounts or floating-ratdeposits and are not insured by the FSLIC e i! |