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Show Pajje 10 - THE HERALD, Provo, Utah, Tuesday, May 22, 1984 Business What is happening on stock markets and the business world Governments Reports Under Fire out what he says are new inconsistencies in some figures, particularly when they relate to spending and saving. "It would appear that quirkish figures on retail sales during 1983 explain the recorded sharp drop in the second quarter savings rate," Liebling wrote recently in Bondwedt, a publication that follows securities markets. By DENIS G. GULLNO - WASHINGTON (LTD plaints about the way the government measures the economy and then releases the results have been growing from analysts who depend on the numbers to interpret what is happening. "The quality of the monthly statistics released during the last two years has apparently deteriorated," economist Michael Evans recently wrote to the cliaits of his Washington analysis firm. "The preliminary releases for several series particularly retail sales, durable goods, new orders and the index of leading indicators are more likely to mislead than inform." The Labor Department's report Com- on unemployment has shown an increasing internal divergence be-- Analysis tween the two surveys that form the basis for the unemployment rate, he pointed out. One survey shows 3.5 million new jobs created during 1983 while the other showed only 2.5 million, a surprisingly large discrepancy. "Eventually, some future data revision will probably show us that the gains in productivity and unemployment during 1983 were both a lot less impressive than originally reported," he said. Herman Liebling, former chief forecaster for the Treasury Department, has also been pointing The savings rate suddenly dropped to a low, bringing down the entire year's average to an only 4.8 percent rate. "J surely must be considered a statistical oddity that retail sales rose 0.3 percent in the first quarter, 5.9 percent in the second, 1.2 percent in the third and 2.9 percent in the fourth (quarter of 33-ye-ar 1983)," Liebling said. Evans believes a major part of Closing Stocks the problem is a severe cutback in staff and budget for the gov- ernment's statistical reporting agencies under the Carter and the Reagan administrations. Officials of the government statistical departments generally respond by saying procedures are changed as circumstances demand but the fundamental accuracy of the reports has not been adversely affected by budget AMR 30 AT&T The govfour bids for Chicago's Continental Illinois two from domestic banks Bank and two from foreign institutions, the Federal Deposit Insurance Corp. said Monday. Alan Whitney, spokesman for the FDIC in Washington, said the agency had received four calls Friday from banks interested in buying Continental. He said he could not name the banks. But another top banking official said there are problems unique to Illinois institutions that make the bank less attractive for a domestic partner than even its troubled loan portfolio would suggest. and the agency will use time gained by last week's $7.2 billion rescue package to scrutinize the bank's books. The FDIC official also took exception to the term "bailout," noting that the agency's $16 billion insurance fund, which is supported by the banks, is being tapped for the rescue and said the agency hopes to get back the $1.5 billion it contributed. The $5.5 billion contributed by commercial banks still is unsecured, a banker said. Despite the massive support program announced last week involving federal regulators and Continental's peer commercial banks the largest bank bailout in U.S. history bankers Monday were not confident the Illinois bank would be able to make it on its own. Whitney said it could be some time before a merger is effected - - to Kid Goats 10.00 Cattle: Newborn Calves head. Feeder Steers pound. Feeder Heifers pound. Holstein Steers 0.49.50 per pound. Utility Cows Sheep: 0.43.00 to 0 47.50 per pound. Lambs Mutton Ewes 0.15 00 to 0.19 00 per pound. 0.21 00 to 0.29 00 per Breeding Ewes pound. 0.15 00 to 0.18.00 per pound. Bucks Pairs None. Bummer Lambs 5.00 to 11.00. Goats: 18.00 to 30 00 per head. Nanny Goats Billy Goats -1- 5.00 to 21.00 per head. 15 00 per head. AshlnOI leading contender, Chemical Bank of New York is the only other of the nation's 10 largest banks that is thought to be in the running. The others have problems of their own with Latin American debt and Continental has nothing to offer them in the way of a domestic corporate presence that they don't already have. to 75.00 per 50.00 0.67.00 0.53.00 - 600 to 900 lbs. 0.44.00 to - 0.38 00 to 0 41.50 0.36 50 per None. Bulls 0 49.50 to 0.53.75 per pound. 145.00 to 175.00 Roping Calves per 8 1 60 27 CSX x21 2 off Curt Wr 1.20 36 Cyclops 1.10 36 DaytonH .65 26 54 2 34 off 14 34 off 74 OetEdL 1 68 12 2 off 14 off Disney 1 20 62 DowCh 180 30 14 off 14 DuPont 2 80 47 34 off 12 DuqnLt 2 06 13 14 off 14 Eastern Air 5 14 EsKodak 3a 65 14 off 34 Esmark 1 04 54 2 up 2 14 Ethyl .85 21 2 up 1 34 Evans 10k 6 14 up 14 ExCelO 1 60 35 off 14 Exxon 3 .40 42 34 off 14 Firstone .80 17 FlnstBc 2 24 34 off 14 FMC 1 80 46off 14 1 2 34 60 FordMt None. Pairs to 0.68.00 per to 0.59.75 per to head. Quotes provided by J. Brent Kelly, Utah Livestock Auction. Auction time: Every Saturday 10 a.m.. Palmyra Road, Spanish Pork 4 12 7.00 75 .45 1 75 4.25 1.37 1 87 162 1.87 42 .37 .85 .12 .20 .62 .50 1.12 .35 .M 66 .35 B.50 Bristol Silver Bullion Monarch Chief Consolidated Mines Clayton Silver Mines Comstock Tunnel Cora Tel Inc. Croff Oil Co. Crown Point Cons Mining Dragon Cons. Mining Eicalibur Gold Cham Mining Great Western Mines Oil It Minerals Justheim Petroleum Louisiana Pacific Res. Mammoth Mining Co. .32 .12 .70 .06 .15 .25 .37 .87 .15 1.25 162 25 .35 1.50 1.75 .60 .75 .10 .15 New Quincy Mining North Lily Mining Park City Cons Mines Park Premier Mining Prince Cons. Mining Hego South Standard Mining United Park City Mines Utah Cons. Mining Mill Cons. Oil .07 .11 7.12 3.12 2.50 68 2.50 7.37 3.50 .15 3.00 STREET SECURITIES, INC. MAIN Amer. Cons. Amer Tech .07 .75 161 AMSI Aurora Big Pinev Billings Energy Crested Butte 1.25 1 87 .50 .045 .03 .62 .56 .68 .81 .34 .25 .37 .10 .055 .035 .02 .06 .045 2.50 .31 .10 .30 .31 .15 .40 .34 350 144 362 156 1.56 .16 3.75 .06 2i Vertl 1.41 .34 5 00 1.37 Video Ventures Wicat Westamerica 3 62 .12 .05 DOW JONES AVERAGES 73.380.000 Industrials 1125 31 8 481 Transportation 470 47 i4.11) Republic Air. Savin Bus Mach. Utilities 125 81 (1 481 NEW VORK STOCK Albertsons Exp American Stores AT&T iMtn. Belli A met Boise Case. Commodore lntl Eastman Kodak Gen. Tel & Elec. Hercules inc. Hoi Inns lntl Bus. Mach Marriott McDonalds Mtn. Fuel Supp. Occidental Pet. Pub Serv N Men EXCHANGE Open Am. 2S Ckne 224 2tm 31 S0' 15 15 23 Svnlei felesciences Tosco U.S. Steel Utah P&L Wash Wat West. Air i 65 36 30 3U 108 62 63 20 34 22 M7 141 S" BM 30 34 14H 4 27 22 164 35 22 ' 40 427 Apple 32 Computer Bally Mfg. Cap Inc. Cap Spec. Engv Resv Group First Sec. lmergem Prud Fed. S4tL Con Con 274 22 16 3 Wicat Zion s First Mtn States Ask 32 11 12 26 25 26 4 4 3 16 26 10 18 1 1 Nat l. Res ( 10 3 3 29 30 MUTUAL OTC Gen Venture Intern Inv. Inc. Mass Emerg Gr Mass Intr Bond Mass Inv Gr Mass Inv Trust Mass Fin Spec. Fund Aim. Oppenheimer: Oirec. Special HYield Pioneer Fund Pioneer II Strat Inv. Fund Seligiman Cap Templeton: Growth World 13 45 14 36 15 69 12 13.35 SB 9 73 10 49 10 67 79 11.50 11.53 7.32 16 42 2013 10 69 6 18 23 19 92 20 14 22.01 16 92 18 14 19.24 14.56 9.61 21 944 10.32 - rree convenience ! Salt Lake City, Utah 841 ' 101 M x 15 J (801)487-081- 6 S ( z.p i- -v 373-106- iW, Person-to-Perso- n Downtown 10 W. First South Sail Lake Crty Sail Lake Crty 1 3 MURRAY 0REM Fashion Souare 195 E 6100 South University Surte 6 0GDEN 2350 Washington Blvd. Mali Orem 1 2 pDDODOOQDDQDDDDDDDDDDDDDDDDODDOQDDDCIyl (13.54 apr) Second Mortgage Rate Coupon Citicorp L yiijL CommuntcBtions nd B tfctroncs tnc MotO'D'S n0 Py'SiMI 'e irCTirhs o MotO'OH Inc 3 iraruiunitniMiMM SALT LAKE CITY jJlwU M MOTOROLA SUPPLY USD ferth Stat., Prm Brickyard Plazj 11 78 Brickyard Rd 1 g state st Rt htdntiwela STANDARD BUILDERS If you've put off a major purchase, waiting for second mortgage rates to decline, this special, limited time offer is for you: O You may be able to borrow a substantial amount. . .$15,000, $25,000, up to $250,000 or more as a qualified homeowner. B Low 13.54 fixed annual percentage rate. B Use money for virtually any purpose home improvements, balloon note financing, investment, education whatever your financial need. To take advantage of this limited time special rate offer, just present the coupon below when you visit us. Or phone for more information. I ; IL" T7 U 12.95 A J B From Citicorp Vehicular speaker phone Works an office speaker phone Automatic Channel Scan Quickly finds an available channel o Automatic One button dialing of Dialing your ten most frequently called numbers On Hook Dial Another "Hands ing ' V (il 1 , mam Him ike ' f cut dear (bus erwti sfttRkir-Mwywith MtcMnf tcMflits. WK3 m 12 93 For people on the move. clare Hastings 2970 S. Main, Ste. m Limited time low second mortgage rate gives you, PULSAR II MOBILE TELEPHONE ; im ttut emu wtth itM prtc MMngs, mtn ti MA. latmtt Mwwrii mui lii um mm 21 03 10.50 10.28 Global Provided to The Daily Herald By Shearson American Express Inc. BE VJAStm IV Mobil 2 20 28 54 Monsnt 4 20 91 off 2 MonDkt 2 44 29 up 14 MonP 2 80a 25 54 up 14 Motrola 160 109 14 off 1 Mt Fuel 1 44 x29 2 Nabisco 2 48 40 off 34 Natl Can 1 35 34 up 14 NatDist 2 20 28 8 up 14 Ntl Gyp 1.76 32 off 1 Nil .25 25 34 off 74 NCR s 80 25 54 Niagra Mo xl4 14 up 14 NL .20 15 12 up 14 NoStPw 2 96 36 54 off 12 Northrp 1.80 83 34 up 8 NwstAirl 80 35 14 off 14 Norwst 1 80 28 34 up 14 Nynex 6 60 54 up 14 off 14 Olin 1.32 27 OutbrM 1.28 45 74 off 14 Own CF 1.20 30 34 off 14 OwenlU 1 68 34 34 off 3--8 Pac GE 1.72 13 34 PacP L 2 16 23 34 up 14 P Teles 5 40 55 34 off 54 Pan Am Air 5 54 up 14 IX SECURITIES, 15 .93 9 41 11.83 705 YVk I Stocks U Dick Kelson 374-12Ask 14 70 31.94 5 32 Rockwll 1 24 2 off 14 Ronton 3 34 Roper .50 15 34 Roy ID 2 82b x53 up 74 Safway 1.50 23 up 14 SlRegis 1 12 35 74 off 34 SnFeSo Pac 21 34 off 2 Sears 176 30 34 up 14 Shell Oil 2 58 14 SmkuiB 2 80 54 34 up 14 SoCal E 3 80 37 off 14 SouthCol SO 14 34 off 14 SwBell 5 60 55 34 off 14 Sperry 1 92 38 54 SldOCal 2 40 XI 34 off 34 StdOUlnd 3 57 2 off 1 Sunshine M 13 34 up 34 Sup OU .20 141 74 off 14 Tandy 29 Teledyne 192 up 14 Tennco 2 80 41 34 Texaco 3 38 off 2 Texas Inst 2 138 74 up 1 14 TexPacL 40 36 14 Textron 1 80 28 2 off 14 Tunken 1 80 57 34 off 34 Tmsam 1.56 22 14 off 14 TRANSW .10f 27 off 34 TriCnt 5 02d 22 14 off 14 T R W 2 80 60 34 off 14 UAL 33 off 74 UnCarb 3 .40 55 34 off 14 Un Elec 1.72 13 UnPac 1.80 45 14 up 14 Uniroyal .12 11 off 14 Utd Brands 16 14 up 14 US Gyp 2.60 52 14 off 2 8 U S Steel 1 27 2 up 54 USWest 5 40 57 14 up 14 I'tdTch 2.80 X65 14 up 14 UtdTele 1.84 18 34 off 14 Unocal 1 38 off 2 Upjohn 2 .56 66 off 1 74 Walgren 72 31 off 1 14 Warner C 1 21 14 up 14 Wa Wtr 2 48 16 34 off 14 WUmon 1 40 23 34 off 54 WesthElI 40 54 off 34 Wheeling St 24 off 14 Woolwh 1 80 34 up 14 Xerox 3 38 14 of f 14 Zenith Elec 24 14 off 1 KerrMc 1 10 32 2 Kmart 1 24 27 34 off 14 KnghtR .64 24 74 Koppers 80 20 34 off 54 Kroger 2 30 34 off 14 Lehigh Vail 2 54 off 14 Litton 2g 67 14 up 54 Lorkbd 15d 35 34 up 8 LTV .25 14 up 14 Lukens W 13 Manvil 10 off 14 McDnD 1 62 53 up 12 MGM Gr 44 10 74 up 14 12 Mid Sou 1.74 74 off 14 EDWARD BROWN FUNDS Am 4 16 74 27 14 off 14 92 92 1 40 36 54 off 14 RCA JO 33 14 off 14 RepSteel .50 x25 14 up 14 Revnids 3 20 60 34 off 1 14 ReynldsM 1 27 54 off 34 Robrtsn 1 60 42 34 up 14 IC 2 60 43 54 Idaho P 3 08 31 34 Ideal Basic 20 up 14 Inco Ltd .20 11 14 Ing Rnd 2 60 44 off 14 InlandSU .50 22 14 up 14 IBM 3 80 106 54 off 34 Int Harvest 7 up 14 IntPapr 2 40 50 off 1 34 InUUT 2 76 35 14 off 14 lntnotli 2 32 40 34 off 14 17 East 200 North, Suit 210 PROVO, UTAH S4601 WHKDAY HOURS: I t 2:10 Bid OVER THE COUNTER 32 32 35 30 65 36 30 39 100 62 64 20 Pwr 5' 5"- - mt . Un issues, Calif Write. 3 Squibb curort t Penny Stocks, 262 .27 75 1.25 t For Market Quotes VOLUME Ralston Ravthn Chateau Michelle 3b .15 4 PSvColl 1 kewtrM fir Crown Ewing Emery Garnet Network Genetic Dyn. Hiko Bell J at ran Magma Mtn. Sts. Overthrust Paiute Ramex Sii Horizon Universal Fuels U.S. Energy Valtek 26! 1 32 i 14 off 14 PtulipM 3 40 64 14 2 PmlPet 40 41 34 Polaroid 1 27 2 off 14 PPG 1 44 27 34 ProctGl 2 40 48 34 off 54 Pfuer Old World Elegance At Your Door Step Counter Trading INTERMOUNTAIN STOCI EXCHANGE BM Aiked 8 up 8 AtlRichf Id 3 49 8 off Avco 1.20 27 8 up 2 Bell AU 6 40 68 34 BellHowt 50 25 off 2 Bellsth 7 80 91 14 off 14 BethlSU 60 21 34 Boeing 1 40 39 up 14 Borden 2 72 54 54 off 34 BorgWrn 84 19 off 12 Bns My 1 CO 43 14 off 12 Brunswk 60 25 off 1 14 Burrgh 2 60 50 34 off 14 CdnPac 1 40 31 34 off 14 CatpITr 1 50 42 34 off 1 54 CBS 2 80 71 of f 34 Celanese 4 73 54 up 14 Chryslr 15d 22 14 up 14 CoraCol 2 76 55 74 off 34 Colgate 1 28 23 34 off 14 Col Gas 3 18 S3 off 34 Comwl Ed 3 23 34 Comsat 120 22 54 off 1 14 ConsEd 2 12 25 ConsuP 1 40 7 34 off 14 Cooperl 152 27 34 up 14 CPCInU 2 20 36 74 CrownZell 1 30 34 off 34 First Chicago Corp., Continental's largest competitor, and with almost $36 billion in assets just under it in size, is said to be the 0 30.00 15 8 2 PepsiCo 16144 Great A1P 15 14 off 14 Gryhnd 1 20 23 off 34 GTE 3 36 74 up 14 Gulf Oil 3 78 74 up 14 Holly Sug 1 69 34 off 34 Homes tk JO 30 14 HnywU si 90 x50 54 off 74 Horizon 5k 34 off 54 Houstln 2 48 18 74 off 14 8 Armco 40 18 8 off 8 Arm W! 1 20 23 8 up 8 Asarco 40 28 8 up 14 1980. Cutter Cows pound. Pregnant Cows 20 15 1 ARA Sv 2 10 44 12 Am PS 2 60 16 14 data-gatheri- Utah Livestock Auction Quotes Market report prices at Utah Livestock Auction, Spanish Fork for May It, 1984: Horses: Good riding horses from 4O0 00 to 860.00. Lighter horses from 300 00 to 610 00 Shetland Ponies: 60 00 to 100.00. Pigs: 30 00 to 35.00 per head. Weaners 35.00 to 50 00 per head. Feeders 210-25-0 lbs. 0 48 .00 to 0 48 75 Top Hogs per pound. Sows 0.36 00 to 0.39.50 per poound. 0.24.00 to 0.29.50 per pound. Boars 1 AMF .50 changes. But the government's methods have not been kept current with shifting patterns of performance by business, Evans said, partly because of staff cuts. The number of permanent positions in the Commerce Department's Bureau of Economic Analysis fell from 500 to 400 since Continental Illinois Merger Difficult - NEW YORK (UPI) ernment has received 4 Am Can 2 90 41 8 off A Cyan 1 90 x49 2 up Amentech t 65 off 8 Am Motors 4 2 AN Res s2 22 32 off A Stand 1 60 27 8 off off 74 36 49 PennPL2 48 2214 up 14 Penuol 2 20 38 14 off 34 Penney 2 Frehauf 40 32 14 off 1 14 GATX 1 JO 30 up 34 GDynanuc 1 49 14 off 12 Gen Elec 2 53 14 of 14 Gnl Fds 2 50 51 off 34 GnMot 2 25d (2 14 Ga Pac 60 20 off 14 Gillette 2 44 45 14 up 14 Gdnch 15 29 14 off 34 Goodyr 140 24 off 14 AbbottX 1.20 41 34 off 34 AdamsM .28 17 4 A lean AJ 120 27 2 AUegCpl M 71 off AUidCpl M il off 8 Alios Chain) 11 H Alcoa 1 20 32 8 off AMAX .20 22 4 up 8 Amrd H 1 10 33 off 8 g M Citicorp Personto-Perso- n Financial Center of Utah rV 1964 Citicorp PPP tnnnnnonnnnnaa Person-to-Perso- U D D D n Bearer is entitled to a second mortgage at an annual, percentage rate of 13.54 when application is received by May 31, 1984 and closed within 60 days of application. This offer is subject to our standard credit requirements and applies to owner occupied properly for loans for up to 70 of the lendable equity. Minimum loan amount $10,000. This offer not valid with any other offer. CITICORP D D D D D D D D S |
