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Show Page - 22 THE HERALD, Provo. Utah. Friday. September li 7. usiness What is happening on stock markets and the business wold A1 IVI AT&T Companies NEW YOKK i 0y volved Sate. Kl( L 1 Ameritech ub 125 f'ac 1 Net Ck JuO fc-- Nnei dnejtitur t ieM 2D Bell Allan bell Sli) 2 Follow is the trading in isxjes in- cortsoliOiU-in the AUT AltT to - I PI, II ID 72 boO ' 18 ' 'i 72 72 8Se TOO 31 4tX) tX U0 "5 68 S H U 74 up 31 Lt 31 uncll t7 (4 '4 up ia ;. 61 a 63 U 63 63 4 up t2 up 4 4 I S up 60 Tbl !I 5 West S 5 40 ' 252 60 61 OuO (1 W up Precious Metals - NEW YORK il I'll Foreign and domestic gold. Silver pUiinum It palladium prices quoted 111 doiurj per troy ounce Thursday: Laadoa Morning fixing J40 30 up 2 05 Afternoon fixing 340 Ml up 2 Close 340 75 up 2 M Paris Republic cash 7 3o up 0 115 Hmdy and Harman quoted siiier at $7 215 per tine ounce up So Uy5 hngelhard Corp quoted a base prue for industrial silver of it 21 up Hi imo and a price fur labncated silver products of 338 S3 off 0 02 Zurich 340 SO up 2 00 Hong Kong 340 75 up Stm Platinum Engelhard Corp quoted a base price lor bullion platinum of U2 00 up 4 00 per trov ounce and a price for fabricated platinum of Ji25 00 unchanged from Wednesday Palladium Engelhard Corp quoted a base price for bullion palladium of 'Mi 00 up 0 50 per troy ounce and a price for fabricated palladium ol S151 (Ml up 0 50 2 10 York Comei spot close 343 70 up 4 00 Republic cash 343 75 up 4 25 Handy and Harman 340 50 up 2 25 Engelhard, base price for refining settling and unf abncated gold 340 K up 2 25 per troy ounce Selling price, labncated gold 357 S5 up 2 37 per troy ounce (Loodoa price fixing changes e are bated I oa the previoM day's closing pri-- Silver Comex spot close up 0 7 7 715 up 10 07 17 1 1 Growth Beow red 'i TeieSiS 5 u 173 tJU SB unrh 6 40 f By MARY TOBIN I PI Business Writer NEW YORK (L'PIl The money supply measure known as Ml fell $700 'million m the latest week, a decline that combined with new reserve additions by the Federal Reserve to bring good news to the bond and stock markets. "The 1700 million drop was more than expected, and it puts money supply slightly below midpoint of the Fed's growth targets," said David M. Jones, economist at Aubrey G. Lanston & Co. The money supply report followed two consecutive days of ' unusually aggressive'' liquidity additions to the banking system - INTERMOCVTALN STOCK EXCHANGE Aikesl BUI Cons. a50 is Arizona Juno Bales GreT Western Bristol Gaming Gen. Bullion Monarch Chief Consolidated Mines Clayton Silver Mines Comstocs Tunnel Com Tel Inc. Crofl Oil Co Crown Point Cons Mininf Dragon Coos Mining Excahbur Gold Chain Mining Justheim Petroleum Louisiana Pacific Res Mammoth Mining Co New Quincy Mining North Lily Mining Park City Cons Mines Park Premier Mining Prince Cons. Mining Rego South Standard Mining United Park City Mines Utah Cons Mining Mill 20 20 7 50 7 80 W 25 S2 1 50 J 75 75 S2S 37 1 37 S6 1 IS .35 30 SO 80 2 07 II Aurora Be Piney Hillings Knergy ( rested bulle Cnmn 11 ( oronado Emery Energy 44 56 31 37 4 25 4 50 206 2 18 02 01 27 03 .015 25 35 12 ford tienetic Oyrutmics Gulden Age 08 15 Hiku Mm 35 75 1 62 .10 SO 775 00 3 37 2 37 2 50 09 2 75 325 B- - II 44 21 25 05 50 44 28 31 03 05 07 14 03 0 20 10 t niversal Fuels I S Knergy Vallrti V ideo Ventures Wual 15 87 2 045 40 40 Huby Horizon 10 7J7 Oil Sts Overuirust I'aiule Pen Tec Hamei 25 1 SO ii 1 2S7 A'"S 20 80 05 08 Oil r, ' AVfsl IS 80 25 06 05 0( 75 1 STREET SECT. RITIES. INC. Amer (.(ins Amer Tech 62 1 1 MAIN 600 525 8 10 Tech Nefra 18 31 5 37 S62 662 650 05 10 250 2 62 by the Federal Reserve that federal funds overnight rate high." Jones said. "My feeling is the funds should be about D '2 percent to 11 percent and we've been at 11 percent. "The Fed is concerned." Jones said. "If it is successful in changing psychology, it will be good news for the bond and stock marI trig- gered a rally in the bond markets. The benchmark Treasury bond, the 12 '2 of 2014, was up about one pouit on the dav to 100 '4. "The addition of reserves has been a source of good news because participants now are beginning to speculate w hether the Fed will remain stable or ease,' Jones said. "This is a switch from a few weeks ago when speculation ran to stable or tighter policy." Jones does not believe the Fed has eased reserve pressures on bank reserves. "What the Fed is trying to do is shift psy chology that has kept the kets." Ml, comprised of cash, checkand NOW accounts money that is available for was a seaimmediate spending sonally adjusted avprage of $547.1 billion in the week ended Aug. 27 compared with $547.8 billion the previous week. ing accounts By MICHELINE MAYNARD UPI Auto Writer General DETROIT (UPI) Motors Corp. said Thursday it was pleased to be selected as the sole strike target of the United Auto Workers, but Ford Motor Co.'s chief bargainer warned he will not automatically accept a GM pact. UAW President Owen Bieber, at a news conference, said he selected GM as the target because the firm "offers the best opportunity" for a contract covering the union's twin goals of job Big NEW YORK (UPI) - Wealthy mutual funds, Individual Retirement Accounts and money market fund accounts are the best investments for the coming months, a by tional Executive Board picked strike tar- GM and Ford as dual gets, saying initial proposals from the two firms were insufficient. The board gave Bieber the power to select one company if he felt it was offering a better deal to the union. Bieber said negotiations during trip nast week have been "most Ml now is slightly below midpoint of the Fed s 5 percent-- 8 percent growth target. The upper limit for the latest week would have been $556 3 billion and the lower limit was $539 8 billion. The Fed also reported it extended credit of $6 934 billion in the week ended Sept. 5, down from $7,299 billion the previous week. Most of the extended credit is understood to be loans to Continental Illinois National Bank of Chicago. Loans by the Fed. excluding extended credit, averaged $S19 million a day in the Sept. 5 week, down from $1 billion daily the previous week. in the remaining eight davs in reaching a contract at GM. Talks at Ford will be on hold for the next few weeks. The UAW at some point next week is likely to ask for an extension of the Ford pact until the GM contract is resolved. Long-tim- e labor observers say. the union in the past has gone to GM when it wants to make fat its efforts economic gains. Analysts this year are predicting a strike at the No. I automaker, but company officials remained hopeful a out could be avoided. Standard & Poor's shows. Among investment recommendations of wealthy investors, "the overall favorite vehicle was growth stock mutual funds," according to a poll in S&P's Outlook magazine. They also favor certificates of deposit for IRA's, toliowed by money market funds. The growth stocks were most popular with the age group while a majority years old favored of those over 65 CDs. The panel is comprised of 439 investors who responded to the survey asking their opinions on politics, the economy and their investment strategy. The average respondent is 59 years old, has a portfolio valued at $300,000 and has been in the market for 25 years. Market Quotes DOW JONES 92.596.400 9 (2 VOLUME Industrials 1218 85 Transportation 610 08 Utilities 129 76 ( 971 (3 AVERAGES NEW YORK STOCK EXCHANGE Opea Wash Wat West Air. Close 27. Albertsons Am. Eip. American Stores ATiiT iMtn. Belli Avnet Boise Case. Commodore Intl. Eastman Kodak Gen Tel E lee Hercules Inc. Hoi Inns Intl. Bus Mach. Marriott McDonalds Mtn Fuel Supp. Occidental Pet Pub Serv N Mex Republic Air Savin Bus. Mach. Squibb Svntei felesciences Tosco U S Steel l UhPiL Cap Inc Cap Spec Hesv Group Kirst Sec Inlergem Prud Fed S&L Wicat Zion s First Nat I Mm Slates Res 971 27 32t 371 18 18'. 374 424 38 42" 181. I8'i 72 25 32 9 2i 31 2H 1 32 1875 .21 123s 734 76 27 ' Aim 27', 27' 20S Directors Special High Yield Pioneer Pioneer Fund Pioneer 11 Putnam Vovg Strat Inv Fund Seligiman Commun Seligiman Cap Teniplelun Growth 28 20'. 44 4'. 6s 64 46H 444 16S 46 45H l6- 14 14 17 H 214 164 34 3 24 24 214 OVER THE COUNTER 264 Ask 264 64 84 BM 14 05 46 20 17 14 70 16 07 1183 12 93 13 69 14 76 9 43 10 17 11 43 12 32 11 39 12 28 6 81 7 34 16 84 18 40 68 69 18 01 19 18 93 20 16 88 18 10 It 83 21 16 30 17 41 8 52 1111 38 10 AbbottL 20 46 AdamsM .28 15 AlcanAl 1.20 27 2 FMC 13 Global 33 51 iJ0u0yl Provided to The Daily Herald Shearson American Express Inc up up AUgCp 1.08b 80 8 up 8 33 80 up AUdCp si. Allis Chalm 11 off 14 1 8 off 34 20 Alcoa AMAX .20 21 up 14 AmrdH 1 10 28 8 up 8 AMR 25 8 off 14 Am Can 2 90 47 8 up A Cyan 1.90 51 8 up Ameritech 6 72 8 up Am Motors 4 4 up ANRes s2 22 35 8 A Stand 1 60 30 8 up 8 AT&T 1 20 18 AMF .50 17 8 up ARA Sv 2 10 51 2 off 14 Ariz PS 2 60 18 Armco 20h 11 34 Arm WI 1.20 27 up 8 Asarco .40 23 up AshlnOl 1 60 24 34 up AtlRichfld 3 49 8 up Avco 1.20 31 14 off Bell Atl 6 40 74 34 up 8 BellHowl .50 29 8 up Bellsth s2 60 31 8 BethlSU .60 18 8 Boeing 1.40 52 8 up Borden 2 72 59 34 up BorgWrn .84 20 8 off 8 Bris My 1.60 48 14 up 8 off 14 Brunswk .80 34 up 8 Burrgh 2.60 55 CdnPac 1.40 36 up CatplTrl.50 38 14 CBS 2.80 84 34 up 2 Celanese 4 71 8 up Cnevrn 2.40 35 34 up 1 8 Chrysler .80 30 up CocaCol 2.76 62 8 up 1 up Colgate 1.28 24 Col Gas 3.18 29 Comwl Ed 3 25 14 off Comsat 1.20 27 8 up 8 ConsEd 2.12 27 14 up 14 ConsuP .48 5 off up 14 Cooperl 1.52 32 CPClntl 2 20 38 off 14 CrownZell 1 33 8 off 8 CSX 24 up 14 Curt Wr 1.20 36 up 14 Cyclops 1.10 37 up DaytonH .65 34 8 up up DetEdis 1.68 14 Disney 1.20 57 up 34 Dow Ch 1 80 31 8 up 8 DuPont 3 49 8 up 14 DuqnLt 2.06 13 14 up 14 Eastern Air 4 up EsKodak 3a 75 Ethyl 85 25 up Evans 10k 5 ExCelO 1 60 38 1 2 up Exxon 3 40 43 34 up 2 v Gillette 2 44 50 Gdrich 1.56 27 Goodyr 1 60 27 Great AiP 16 Grvhndl GTE 3 off up 69 34 up Holly Sug 1 Homestk 20 25 off otf 14 otf oil 18 8 50 23 up up 8 1 Int Harvest 8 up IntPapr 2 40 55 8 up Intl T&T 26 1 1 8 Ing Rnd 2 60 44 IBM 5 8 off 14 Houstln 2 48 19 It" si 30 25 off Idaho P 3 28 33 Ideal Basic 17 Inco Ltd .20 11 4 40 123 1 up up Hnywll si 90 64 Horizon 5k 4 8 14 1 up 8 Intrnth 2 48 3b 34 up olf 34 KerrMc 1 10 30 Kmart 1 24 33 up up KnghtR 64 27 Koppers 80 21 4 up 8 36 2 14 up Kroger Lehigh Vail 3 up Litton 2g 71 8 up 1 5 8 Lockhd 30d 45 up LTV 25 11 Lukens 40 12 up 8 off Manvil 7 McDnD 1 MGM Gr 62 66 14 up 44 9 up Mid Sou 1 74 11 14 off Mobil 2 20 30 14 up Monsn s2 30 49 up 1 MonDkt 2 56 26 MonP 2 80a 23 up Motrola s 64 42 up MtFuel 1 44 27 Nabisco 2 48 48 Natl Can 1 32 8 NatDist 2 20 25 Nil Gvp 1 76 35 Nil 25 28 up 8 1 NoStPw Northrp 3 24 39 1 1 8 up up 14 Stall-- ; s2 04 20 up 80 16 Southfo up SwBell 5 60 63 up 1 92 39 up Sperry StdOiilnd 3 57 Sunshine M 10 up 4 20 44 up Sup Oil Tandv 27 up Teledvne 275 14 up 2 Tennco 2 80 38 up Texaco 3 35 4 up 8 Texas Inst 2 144 up 34 o!f TexPacL 40 33 1 Textron 80 32 oil Timken 1 80 57 14 up 1 olf 34 Trnsam 1 56 26 TransW 40 29 up 14 Tritnt 5 28d 24 34 up 14 I nt'arb 3 40 54 I n Elec 1 I'nPac 80 1 72 13 up oft 1 up 8 x39 L'niroval l td Brands 15 oil I S Gvpsm 3 59 I S Steel 24 I'SWest 5 40 bl I'tTch si 40 37 I'tdTele 1 84 19 Unocal 1 39 14 L pjohn 2 56 53 34 Walgren ?2 39 off up 12 14 up 14 8 off 80 106 up 1 80 38 off 80 25 off up 1 OUn 1 32 31 34 up 34 OutbrM s 64 22 8 up 7 8 Own CF 1 40 30 up 34 OwenlU 1 68 45 off 12 Pacifep 2.32 23 8 up 14 Pac GE 1 72 14 34 up 18 8 P Teles 5 40 62 34 up 1 14 Pan Am Air 5 up Pennev 2 36 49 8 off 14 PennPL 2 48 22 8 up 8 Pennzol 2 20 35 up 8 PepsiCo 1 68 42 8 up Pfizer 1 32 36 up PhilipM 3 40 77 up I PhilPel 2 40 39 8 up Polaroid 1 30 PPG 1 44 33 I 2 up 3 8 ProctGl 2 60 55 8 up 8 PSvCol 192 17 Ralston 92 30 8 up 1 otf Ravthn 1 40 42 RCA 1 04 35 up 34 3 Revnlds 20 64 8 up 1 RevnldsM 1 29 14 oil Robrtsn 1 60 43 Rockv.ll 29 34 3 Ronson Roper 64 17 RovlU 1 74d 49 up Safwav 1 50 28 up 8 1 12 55 StRegis up 8 SnKeSol'c 1 25 up oil Sears 1 76 34 Shell Oil 2 55 up SmklnB 2 80 57 up 8 T R W 2 80 72 I AL 25d 36 NCR s 80 26 Niagra Mo 2 14 8 NL 20 X13 8 up Nvnex 6 68 8 up 8 20 21 lnlandStl 1 up off 8 08 39 Norwst 4 Firstone .80 18 up 14 FInstBc 2 34 36 34 off 80 60 up 2 FordMtl 60 43 up 1 14 Fuehauf .90 36 off 14 GATX 1.20 27 34 up GDvnamic 1 64 up 1 Gen Elec 2 56 8 up Gnl Fds 2 50 58 34 up GnMot 3 50d 73 8 up 34 Ga Pac .80 21 8 off 1 up 14 up up up up up 1 up 8 op Viarnrf 50h 19 ttlr 2 48 16 olf 40 20 off Va W Union 1 Herald's nono 25 70 12 54 33 51 Closing Prices 1 Ha 7 74 7 80 1017 World By mm mtm UUUU KUU 67 14 91 15 93 7 08 9 GO m Ask 12 86 18 Internal I Invest Mass Emerging Gr Mass Intr Bond Mass Inv Gr Mass Inv Trust Mass Fin Sec Fund Oppenheimer: 39 77 FUNDS Bid 341 74a Computer Baily Mfg 25 8125 3 81 MUTUAL 39't 39 123 Apple 34 Am Cap Comstock Am Gen Pace Fund Am Gen Venture 2' 754 v 75H 39 ' 33't 4 Pwr 24U 32S 36' 31 24. 24'. Con Con Engv 8 VtesthKl si 26 14 up W heeling St 22 14 up 34 80 37 up 14 Woolwh Xerox 3 3T up Zenith Elec 24 34 olf 1 walk- Investors Looking at Mutuals, IRAs investors believe growth stock survey fruitful and the moment is now right for selection of a single company." "GM in my view, offers the best opportunity for an agreement which will achieve our principle meaningful job security goals and an economic settlement that represents fairness for our members," he said. THe UAW leader went from the news conference straight to GM headquarters, where bargainers met in a main table session to receive the decision. The union will now concentrate security and wage and benefit increases. Contracts covering GM's 350,000 workers and another 114,000 at Ford expire Sept. 14. Last week, the union's Interna- Te GM for Strike at UAW Takes Aim - Counter Trading It. f I Coming September 30th! The Daily Herald's first annual Hunting Edition will include stories about preparing for your hunt into the outdoors, hunting regulations, forecasts and useful information to help make this year's hunt a safe and successful one. If you're a hunting enthusiast or just like the outdoors, don't miss this special edition coming September 30. th A NOTE TO ADVERTISERS . . sure and take advantage of advertising your goods and services in this prime advertising medium which will reach over 32,000 Utah Valley homes. For space reservation or more information, call your Daily Herald Advertising Be Representative at 373-505- 0. i ? DON'T MISS OUT! mml m ,! Il - |
