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Show Sunday, November ustness NEW YORK Last (AP) month's crashing stock prices have spelled big trouble in the d market for "junk bonds" and for those relying on the securities to finance high-yiel- pending takeovers. Economic worries raised by the Oct. 19 stock market crash and by investor flight toward less risky investments such as Treasury securities have shri "They are trying to fight their way back, just as equity veled demand for junk bonds, boosting their interest rates sharply and leaving some major deals high and dry for lack of funding. "When the crash came, they crashed more than anything else in the marketplace," Anthony Naylor, a corporate bond analyst for Rodman & Renshaw Inc., said prices and other financial items that went down during the market collapse." Southland Corp. on Tuesday postponed a $1.5 billion junk bond issue needed to complete financing of a $4 billion leveraged buyout, citing an market for the unre-cepti- - occupying many economists and market analysts now is how long it will take for stocks to recover, and whether there might be a recession in the meantime. There is agreement that the depth and extent of the stock market decline and the impact on the economy de- pend on how governments react to the crises. "Depending on how lucky and how fast world leaders 3 move, a replay of the crisis will hopefully be ministration and global Former 1962 experience The Green course has been Valley golf sold to a former BYU golfer and Salt Lake businessman, it was announced this week. PGA professional Mike Smith, whose career at BYU featured a stint with Johnny Miller, has teamed with Salt Lake's Tom E. Malm to buy pro- was far more pleasant and perhaps far easier to deal with as well. That decline brought the Dow Jones industrial average from 734.91 points late in 1961 to 535.76 in mid-196- New Seaman Furniture Co. relies on junk bond financing. But analysts said Southland's problems reflected the generally negative conditions junk bond issuers have encountered in the wake of Black Monday. Junk bonds, which are often used to finance corporate takeovers or restructuring plans, York-base- the yard, executive 1,800 course, located next to the Green Valley development. 2. Most importantly, neither the stock market nor the economy was as bloated as -- I5$ recent MAACO convention, the 560 N. 100 West center in Orem won a "Sweeps Weeks" award for its advance At the over-extende- d. in chainwide ranking. The center's sales advanced to 105th in the chain during the JulyAugust contest, compared to its ranking of 206th during the spring. The move came as the result of strong advertising, marketing and promotional efforts. What was needed in 1962 was a boost to the economy, and it came quickly. Tax avoided," concludes the rates were lowered and an Ananewsletter Bank Credit investment tax credit was inlyst. Almost all analyses look to stituted to spur business investment. In interhistory for a guide, and the est rates were addition, low. kept years 1929 and 1962 stand out. The response came within Following the October crash of 1929, the stock market months; both the stock marrecovered half of its nearly ket and the economy im50 percent loss within six proved. And both the econommonths. But from there on ic expansion and stock into 1932 it lost its footing and market rise were unusually stumbled down to just over 10 steady. In 1987, the most optimistic percent of its 1929 high. economic ingredient is perThree factors generally are the haps for restrong rise in U.S. blamed aborting the with both proof marboth the manufacturing, stock covery ket and the economy: an duction itself and production increase in the Federal Re- efficiency, or productivity, inserve discount rate, a tax creasing smartly after a long increase by the Hoover ad siege of weakness. 1931-193- 435-cent- er 101-st- ep Franchise The proposed owner Bruce interest rate on the Southland offering re- portedly had been 18 percent. COMPUTER SUPPLIES COMPUTERS Inloimaiion Systems, Inc. America's largest printer manufacturer & Utah's largest computer supply source. Nov. 10. additions plunged on average between $30 and $80 per $1,000 face value following the stock market crash, as investors dumped them for more secure investments, according to analysts. With the junk bond selloff came a sharp rise in interest rates. in- clude: Mike Smith's school of miniature golf golf, a course with fountains and water falls, an ice cream parlor, sandwich shop, video arcade, fully stocked pro shop with clothing and golf accessories. The pro shop will also feature personalized golf club fitting and repair. Join forces to bring you the complete line of NEC printers. 27-ho- le P2200 24 Wire dot matrix pushpull tractor 170 cps draft 55 cpsLQ Built-i- n Six resident fonts IBM character set Single sheetenvelope feed Epson LQ emulation honored for moving up MAACO they were in 1929. In 1929, both the economy and stock In prices were 1962 they may not have been. NEC The purchase was finalized Recreational d NEC B golfer buys golf course Y ST. GEORGE tectionist policies. The ve million leveraged buyout of On Wednesday, takeover artist Asher B. Edelman said he was reviewing all aspects of his $895 million buyout offer for Telex Corp. which also hinges on junk bond financing because of the same concerns raised by Southland. in the junk bond . Trouble market has not totally discouraged financiers: a proposal announced Monday for a $354 Briefs until stock market makes a recovery? question Keetch opened the center in 1984. He accepted the award as a highlight of a convention banquet at the Acapulco Princess Hotel in Acapulco, Mexico, before an audience of more than 500 MAACO owners, fami- $399." REBEL ENTERPRISES lies, guests and corporate staff. Founded in 1972, MAACO paints and repairs more than 4118 South 500 West SLC, UT 84123 million cars each The year. King of Prussia, chain is the nation's largest of its kind. one-ha- lf PA-bas- 261-330- I ed 0 Major newspaper hires president LOS Denver Post Publisher Richard T. 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