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Show r The National Enterprise, August 3. 197J Page six Film distributor wants evidence of loss Option Market News j Ketcham, Ph.D. Prince, Langheinrich & Greer by Warren Buena Vista Distribution Co. has denied charges of anti-tru- st and vio- price-fixin- g lations filed against it in Salt Lake City by Svufv Enter- M. prises, operator of 140 theaters across the country, The market had a dreadful week, with the Dow falling some 33 points to close at 890.07, its lowest weekly closing since early January, 1976. Stock prices are likely to recover a bit this week. However, 1 still believe the major trend in the market is flat to down. In line with last weeks recommendation, Mesa Petroleum The options dropped about two points, closing Friday at 45-1moved in tandem with the stock with the 45 puts increasing Look for further weakness in the common from to to about 40. Bethlehem Steel took a drubbing as it cut its quarterly dividend and reported much lower earnings. On Thursday, this In earlv Mondav stock hit a new low for over a decade of trading the stock continued to rebound and was trading at In any subsequent weaknesses, a good speculation is the January 25 calls at about 8. 3-1- 3-3- 2 4. 22-1- 4. m 24-1- 4. including Salt Lake's Century Theaters. Additionally, it has asked Syufy to substantiate with financial reports dating back to 1973 evidence that Syufy suffered financial loss from blind bidding practices. The film distributor refuted all the charges in a brief answer filed in federal court last week. Columbia Pictures, Twentieth Century Fox, Warner Brothers, Paramount Pictures and Universal Picture Exchanges, also named in the suit, have until Aug. 26 to respond to the same charges. Syufy filed the law suit hoping its outcome would set a legal precedent and thereby end the alleged price fixing and blind bidding practices. Syufy claims the distributors practice of forcing theater operators to bid on motion pictures before previewing the film has contrived a film shortage and fixed high prices. ding, Buena Vista has asked that it provide a categorical listing of all Buena Vista contracts to determine the frequency of blind bidding in their business transactions. Buena Vista is represented by Salt Lake law firm Moyle and Draper. Jones, Waldo, Holbrook and McDonough have been asked to represent Fox, Paramount and Columbia, while L Ii Gardner, Jr. will handle thl suit for Warner Brothers and Universal. California attorney Law rence Papale, represents Syufy, said he is preparing motion for hearing to conside j ! a preliminary injunctio, against blind bidding whil the case awaits jury trial. U.S. Steel makes promotion Roy A. Brown of Orem has been promoted to superin- of Production Planning at U.S. Steels tendent Geneva Works. He will replace the late Albert E. Lawrence of Provo who served U.S. Steel for 38 years. In his new position Brow: will be responsible fo planning and coordinating th production and distribution 0 all products made at the integrated mill for customers in the 13 western states. at COMMERCIAL DISPLAY 364-078- 138 EAST 300 SOUTH SALT LAKE CITY. UTAH 84111 8 DECOR & DESIGN STUDIO Convention - Trade shows exhibits - Grand openings - Seasonal trims - Flags - Banners Besides requesting Syufy to furnish financial reports substantiating all losses directly attributed to blind bid -- Pennants OUR JOB IS MAKING YOU LOOK GOOD! Now youve got our number, per day for ALL JfJ two people CHILDREN FREE i V Ji we can fix your car. Free phone estimates Repairs by appointment Convenient downtown loeahon tor businessmen Complete auto service Brakes Transmission Muffler and exhaust Tune-up-s Front end alighment Fleet rates available. AEJDO UAhh 653 So. State V & Chinden Blvd. Boise, Idaho 83704 s I |