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Show Thursday, December 3, Business NEW YORK closing New York Stock 's Exchange selected prices: Stock Last Chg AMR M's Albtsn s 244 H Alcan s 244 b Allegis 69-- 8 AldSgnl 28- W- 4 vjAllisC ll- 4- l Alcoa 424- -H Amax 18'4 H ' AmHes 235s ACyan s 36sn AElPw 25' AHome Amrtc s 8334 4 Merck to 1, 4 4 4 4 Nortrp 27 Norwst 37 4 Nynex 66414 i.. t NflkSo s 23 h l4 H 4 56:1 Caterp 24'- i- d Chmpln 2934 Chevrn 37 Chrys s 21 CocaCl 37 4 4 4 ColgPal 374 ColGas 39 Comsat 4 4 4 26 ConsEd 42'18 Contel 28- 4- CtData 22 44- 4- 4 CurtW Dresr 2134 duPont78- -l EKodk s 4534 4 73:'14 Eaton Exxon s 374 FMC3334 4 Fairchd 8:li Sarale s 334 ScottP 607sl Sears 314-- 14 SierPac 204 SCalEd 31- 4SouthCo 214 " 4 a'4 SwBell Firestn 314 H r inisie iu-- 4 '4 FordM 744 15 FrptMc 23- 8GTE s 36- 4- 4 Gannett s 334 4 as GnCorp 684 H GnDyn GenEl s 418 Gillete s 284 Gdrich 31- 4Goodyr 504 Grace 414 Grace wi 204 Greyh244 Halbtn 24 4 4 4 . 8 4 - HeclaM 15 HewlPk 47 .HollyS 73 Hmstk s 18 Honweil 554 ITT Cp 444 IdahoP 228 Idea IB 25 4 4 4 a 1NCO 17 IBM 110'h H IntPaD 5 361 . 4 10.62 13.44 12.43 16.33 11.25 8.31 15.84 13.46 10.62 13.44 12.43 16.33 11.25 8.31 15.84 13.46 GROUP Bid Ask 12.28 25.98 6.19 21.26 12,29 17.71 14.36 21.28 AMSI ATN Beehive Intl. Crested Corp. Dallas Lingerie Eager Tech Fibernet Galtech Gold Cor Kara Intl Knights Bridge Manaha Mason Oil Novell Oxygenetics Prime Resources Purple Mtn. S. Taylor U.S. Energy Wicat 4 4 4 a 47414 s344 SterlDg Svntex s 30"' 8 TRW s 42 4 Tektrns 244 4 Teldyn 283124 Tennco 414 vjTexaco 332 TxJnst s 414 4 Textrn s 204 Tigerln 124.." .. Timken 52s 4 vjTodSh24 Transm 307s 4 TriCon 224 4 Trinova 264 USX 284 s UCarb 184 UnElec 224 s UnPac 497 4 Unisys s 294 4 UnBrnd 40 V. ... USWest 494 4 Univar 154 Unocal 254 Varian 194 4 WarnrL 65 WUnion24 WstgE 444 4 b Weyerb 364 Wlwth s 314 Xerox 52 18 ZenithE 13- 4- '4 $2.20. London Paris afternoon fixing asked. Handy & Harman is $490.90, up $3.10. Englehard is $492.38, up $3.10. Englehard fabricated is $517.00, up $491.00 6.52 22.38 12.94 18.64 15.12 22.40 $3.26. NY Comex gold $490.40, off $0.60. - Bid Asked .56 .37 .25 .25 .03 1.00 2.37 .62 .C2 .44 Australia Austria c Belgum .50 Brazil Britain .40 .06 1.44 2.87 1.00 fut fut fut Canada fut fut fut 90-d- .25 30-d- 3.00 1.44 .05 18.50 3.75 .81 .50 3.00 .56 .25 7.25 3.75 7.50 4.00 1.50 1.62 - Idaho (AP) 60-d- ay Colombia Denmark Idaho - quote. Idaho Range and Feedlot Report: 0 lbs slaughter steers 0 lbs slaughter heifers 0 feeder steers 0 lbs feeder heifers 0 lbs feeder Holstein steers 61.50; slaughter Holstein steers no quote; slaughter lambs no quote; feeder lambs no quote. 67.50-69.0- 825-85- 65.50-67.0- 0; 71.00-73.0- 0; 66.00-69.0- 0; 700-75- 800-90- ! . - 213-- AT&T 2634 60 Boise Case. Commodore Intl. Eastman Kodak E F Hutton Gen. Tel. & Elec. Hercules Inc. Holiday Inns. Hosp. Corp. of America Intl. Bus. Mach. Kansas Gas & Electric Marriott Merrill Lynch McDonalds Middle South Util. Ohio Edison Occidental Pet. Pinnacle West (AZP) Pub. Svc. of Colo. Pub. Serv N. Mex Savin Bus. Mach. Shearson Lehman Bros. Squibb Syntex Teleflex 607s 7V4 7M: 4534 27 36 44 19 30 1101 19 27 36V8 43Ms 19V4 303s 111 19 26:'a LIVESTOCK AUCTION Producers Livestock Auction in Jerome Tuesday: utility and commercial cows light heavy feeder steers stacker steers feeder steers Holstein feeder steers Holstein dairy heifers no quote; 213 27Ls 458 27 - 224 43.00-49.2- 5; 70.00-77.2- 75.00-89.0- 0; baby dairy calves 19l4 245s 27V8 27 1958 60 30 20 608 USX 28l4 28l4 Utah P&L Wash. Wat & Pwr CC Inc Oppor Tr 27 2234 878 27 22 Duriron Iomega Novell Zions Sage Analytics 32 54 12l4 2m 14 IOV4 184 114 27 27 25 Fred Meyer Ask 5 12 21 14 First Natl 30 20 634 I8V4 . Prud. Fed. S&L Valley Nat Corp Wicat 550.00-560.0- 0; .007587 .007572 3.0130 3.0130 3.6200 3.6200 .00215 .00215 .000440 .000444 .5366 .5377 Jordan Kuwait Lebanon - Nethrlnds N. Zealand Norway Pakistan .6490 .6490 .1560 .1555 .0576 .0576 .0500 .0500 .0474 .0474 .007418 .007418 Portugal Saudi Arab .2666 .2666 .4923 .4923 Singapore So. Korea .001261 .001261 .5090 .5090 So. Africa .008965.008965 Spain .1666 .1666 Sweden Switzerlnd .7394 .7377 .7402 .7419 fut .7444 .7427 fut .7449 .7467 fut .0339 .0339 Taiwan .001042.001042 Turkey .2723 .2723 U.A.E. 30-d- - 60-d90-d- .0037 .0344 .0037 .0344 .6046 . .6044 .6067 .6069 .6089 .6088 .6103 .6109 W. Grmny mini- 3.9400 1.4245 11.64 34.62 35.08 63.21 .5523 .5527 .5533 .5538 1.3138 1.3147 1.3160 1.3174 233.30 258.37 6.3783 2.1700 200.00 4.0645 5.6235 130.13 7.7695 12.9366 1635.78 .6207 1.5580 1220.50 132.97 132.55 132.16 131.81 .33190 .27624 464.20 2275.00 1.8637 1.5408 6.4145 17.36 20.00 21.1000 134.80 3.7513 2.0312 792.80 1.9650 111.55 6.0030 1.3525 1.3497 1.3433 3.9400 1.4194 11.64 34.62 35.08 63.21 .5520 .5524 .5530 .5534 1.3129 1.3120 1.3108 1.3094 233.30 258.37 6.3795 2.1700 200.00 4.0645 5.6260 130.13 7.7675 12.9366 1635.78 .6207 1.5580 1219.50 133.20 132.78 132.41 132.06 .33190 .27624 464.20 2250.00 1.8599 1.5408 6.4325 17.36 20.00 21.1000 134.80 60-d90-d- & swearing them in as officers of the Court, they attended an evening reception sponsored by the Washington, D.C. chapter 1 of the J. Reu- - r Lawben Clark Society. n Brady The motion for I their admission I was made by I - The Provo firm of Brad ford & Brady emphasizes liti gation practice, which involves trials and ap- f I A Ray F1 I pp Eradford Richard former Dean of Law Clark Reuben the J. School at BYU and former Solicitor General of the United States of America. Hawaiian Island cuisine. According to Randy Hoopii, restaurant manager, the island dishes are a melting pot of different cultures from Europe and the Pacific rims. The restaurant will serve luncheon buffet with varieties of entrees. Occasionally island entertaiment is available on weekends. The restaurant is warmly decorated with a touch of oriental flavor. Hoopii, Virginia Ciriaku and Lani Kurac.!iige, the cooks, are all from the Islands. Together they make a perfect team with years of experience in commercial recreation and in hotelres- fir- peals. Brady, Jim Brady and Orem, Bradford, Springville, plan to remain in this area and expand their practice at the current location near the Utah County Courthouse. After the formal ceremony admitting them to practice and Brad Pyrah passes Utah Bar exam Brad CPA, Pyrah, a tax Squire & senior ceived a Juris Doctor degree from the J. Reuben Clark Law School. He is extensively involved with fringe benefit, pen- at Certified Co., Pub- sion, and tax minimization planning for corporations, businesses, and individuals. He is a member of the Utah Bar Association and the American Institute of Certified Public Accountants. lic ants, recently passed the Account- Bar Utah Exam. Pyrah graduated from BYU with taurant management. Owners, Craig and Jill Roberts from American Fork, are convinced that the downtown location is ideal for their operation among many other ethnic restaurants in the area. Brad Pyrah Bachelor's and Master's de grees in accounting, with an emphasis in taxation, and re- - Pyrah and his wife, the former Barbie Miller, live in Orem. Travel council names new writer The Utah Travel Council has named Stacey L. Root as Information SpecialistStaff Writer. Root's duties with the travel council will include coordinat ing and planning the format of the Utah Travel Guide, a primary information source for promoting Utah tourism. RLEXRflDGR'S fut fut fut Yugslvia .001265.001265 The Federal Reserve Board's index measuring the value of the dollar against 10 other currencies weighted on the basis of trade was 89.99 Tuesday, up 0.85 points or up 0.94 percent from Monday's 89.14. A year ago the index was 105.79. prices as of 10:00 a.m. Eastern Time as gathered by First American Bank of New York. rate, rate, rate, rate, 30-d- de- clined comment. were recently admitted to practice before I ? f the U.S. Su- - II oreme Court. I V Luau Hawaiian Restaurant specializes in typical 1.3392 29.43 29.43 959.60 959.60 3.6728 3.6728 267.50 267.50 29.0000 29.0000 1.6540 1.6545 1.6476 1.6482 1.6422 1.6427 1.6368 1.6385 790.50 790.50 Shearson representatives ford Commerce. 1.9650 111.55 6.0040 1.3555 1.3510 1.3465 1.3425 Laurel Fry, a Hutton spokeswoman, said she could not comment on the report, although the firm said it planned an announcement later today. Richard D. Bradford and M. James Brady of the local law firm of Brad- A ribbon cutting ceremony is scheduled for 10:30 a.m. hosted by the Chamber of 2.0312 792.80 The sources reportedly said the value of Dean Witter's offer was difficult to determine and that it had many contingencies. Waiting in the wings were Merrill Lynch & Co. and Equitable Life Assurance Society of the United States, which had said they would be interested in discussing a merger with Hutton if the talks with Shear-so- n failed. Bradford, Brady officers of court Luau Hawaiian Restaurant, located at 40 North 400 West, Provo, celebrates its grand opening Friday. 3.7513 Hutton shares dipped 25 cents to $27.371z in early New York Stock Exchange trading. Shearson, which is about 60 percent owned by American Express Co., jumped 87 Vz cents to $15.37l2. Trends restaurant celebrates s opening Dollar in fgn. currency Wed. Tue. Accident brings change the Arthur -pleased has served reer, SALT LAKE CITY Young & Company is to announce that Jerry Mc- Clain has succeeded Joe E. Ahlin as Office Managing Parter of the Salt Lake City office. Ahlin died on Oct. 14 of complications from an accident. McClain served as e of the Salt Lake City office audit department until 1984 when he transferred to the Worcester, Maine office as office managing partner. He has worked with some of the firm's top clients and is familiar with many of Salt Lake City office's clients. In 1962, McClain joined the Dallas Arthur Young office and was promoted to partner in 1974. Pre-closi- 15 6l4 1 64.00-74.5- 0; 90-d- .007544.007531 .007567.007552 million Hawaiian Ex- In acquiring Hutton, Shear-so- n emerged victorious over Dean Witter Financial Services Group, a unit of Sears, Roebuck & Co., which had also put in a bid for the firm, Dow Jones said. Based on Hutton's 34.2 million common shares outstanding, such an offer would have an indicated value of about $1.03 billion. course of his caDuring McClain in the Rome, Tripoli, Beirut and New York City offices. McClain is from Crosby, Miss. He received a B.S. in Accounting from the University of Southern Mississippi and a M.S. in Accounting from Oklahoma State University. 377-777- 224-866- 0 6 partner-in-charg- 716 First Security ft ft ft 60-d- which carries a market value of about $5 per share, the sources were quoted as saying. 20H 716 144 Apple Computer Con Cap Computer Con Cap Spcl Tr 51.00-57.0- 0; 68.00-77.5- 2i"a INTER Bid 324 quote; 80.00-93.0- 19a8 1958 21 no 61.00-70.0- 0; Vi 4234 fat 50.00-105.0- 0; utility commercial heavy feeder heifers light feeder heifers stock stocker heifers cows and pairs dairy cows no quote: fat hogs no quote; feeder Remarks: cows lambs steady, stocker and feeder cattle steady to 2.00 higher. lambs bulls 218 438 Va 208 57.00-83.5- 0; 92.00-120.0- 0; .7629 .7637 .0042 .0038 .1567 .4608 .2460 .2460 .1777 .1778 .0076 .0076 .1287 Hong Kong .1287 .0773 .0773 .000611 .000611 Indnsia 1.6110 1.6110 Ireland .6418 .6418 Israel .000819 .000820 Italy .007520 .007508 Japan 30-d- 1150-130- 1.8115 1.8102 1.8082 1.8068 .7616 .7622 .005000.005000 White wheat 2.46 (steady); barley 3.90 (up 10); 14 percent spring 3.00 (steady); 11 percent winter 2.73 (down 1). White wheat no quote; OGDEN barley no quote; 14 percent spring 2.90 (steady); 11 percent winter 2.67 (down 3). PORTLAND White wheat 3.04 (up 1) ; barley no quote; 14 percent spring 3.64 (up 7); 11 percent winter 3.36 (up 2) . CALDWELL White wheat (Monday) 4.26 (steady); L.A. barley no " .2538 .7045 .0860 .0288 .0285 .0158 Finland France Greece - POCATELLO .2538 .7020 .0860 .0289 .0285 .0158 . 1.8105 1.8093 1.8074 1.8058 .7612 .7606 .7599 .7591 .0042 .0038 .1568 .4608 Foreign Shearson stock, preferred spot month Tue. NEW YORK (AP) change, New York prices. Rates for trades of $1 mum. Fgn. currency in dollars Wed. Tue. livestock report Wednesday: NEW YORK STOCK EXCHANGE Open Close 254 24 Albertsons - 45 45Ms Avnet up $490.31, Frankfurt fixing is $489.66, up $2.98. Zurich late afternoon bid $490.50, off 12.93 27.35 7.00 8.00 .12 2.25 1.06 .03 18.25 POCATELLO, Industrials 1848.97 (6.63) : Transportation 702.43 (5.29) 22 $490.90, up $2.14. Farm Bureau Intermountain grain and DOW JONES AVERAGES VOLUME 148,890,000 American Stores afternoon fixing $3.10. - Am. Exp. Shear-so- n NEW YORK (AP) Lehman Brothers Holdings Inc. has agreed to acquire E.F. Hutton Group Inc. in a deal worth about $1 billion, Dow Jones News Service said today. The two securities firms reached a tentative understanding on the merger late Tuesday, and intended to sign formal papers Wednesday, the news service said, quoting unidentified sources close to the negotiations. Shearson's offer consists of $25 per share in cash and $8 in Selected world gold prices Wednesday. London morning fixing $490.00 up OTC STOCKMARKET e S & P Index INX.Z 233.46 (1.47) S 4 P Index OEX 226.67 (4.48) E.F. Hutton for $1 billion - By The Associated Press Provided to The Daily Herald By Shearson Lehman Brothers Ad American Express Company - GnMills 43- S- 4 GMot 57- 4- 4 GM E 334 4 GaPacSl3-- ! Ask NEW YORK (AP) - Spot nonferrous metal prices Wednesday. Aluminum - 77.75 cents per pound, NY Comex spot month closed Tue. cents a pound, Copper $1.244-$1.2- 7 U.S. destinations. Copper - 119.95 cents per pound, NY Comex spot month Tue. Lead - 42 cents a pound. Zinc - 45 cents a pound, delivered. Tin - $4.2881 (Metals Week composite price per lb.) 0 per 76 lb Mercury flask, New York. 0 Platinum troy oz., ' N.Y. (contract). Platinum - $513.90 N.Y. Merc spot per troy oz. Tue. - DENVER (AP) Market steady. Demand fair. Offerings fully ample on all sizes and grades. Large AA small AA medium AA medium A large A large .52-.5- 3, .44-.4- 5, .36-.3- 7, .43-.4- .51-.5- B .41-.4- 2. s, Grower bids mostDENVER (AP) ly steady on pintos and Great Northerns with trade at a virtual standstill. Pintos, Colorado and Nebraska, mostly 11.50, one firm 11.75; Great Northerns, Nebraska, 15.00. $335.00-$350.0- Is Someone You" Know. In. Over Their H6ad?4 Professional helD is available Through Kiverwood Hospital's FREE Crisis Outreach" I trwr -- i V RIVEBU'OOD HOSPITAL CoaaeancMy OrJafs3 Faciiitti) (Yor 1067 NwtkMONfcMtrriwo. fcui 8S4 in ' X? C" .r.373-HEL- P .in mil I f 11 , in GRANITE'S BEST VCR BUY! 3 $503.00-$506.0- 1 25 24 3 10l4 104 itinp .rip c lure IPS As America's ilg.1 VCR Brand 8jS3liia?R'" n g3 mm iim. n mini Hit TnW'R "mvt1vmir.lt1 Infrared remote control Integrates into unified RCA audiovideo system Remote control programming with instructions use voub Hm 29 hearson Lehman grabs Har-ma- $0.50 4 4 17.90 10.10 18.01 15.68 17.00 20.64 16.15 18.21 Bid Growth Appreciation Fndmntl Value Global Managed Govt High Yield Managed Muni Precious Metals Rockwl 164 4 Roy ID 1034 SaftKl s 26- 4- 4 SFeSoP 47- 4- 4 DanaCp 30'- Deere 324 '4 Digital 12071 Disney 52:'-DowCh 764 SHEARSON - 59 CascNG 13' 4 CastlCk 16'8 i OcciPct 24- 8Olin 35- 4- s OutWM 19414 PacGE 174 4 PacLtg 504 PacTel s 27e 4 s Pacifcp 324 PanAm 34 4 4 PayNP 15 Penney s 434 4 PepsiCo 32414 Pfizer 464 4 PhelpD 4241k b PhilMr 874 PhilPet 10- 4- 4 Pilsbry 30- x- 4 Polard s 204 4 b PopTal s 134 PortGC 224 4 Potltch s 248 4 Primoa s 25r,s ProctG 814 4 PSvCol 19- 8- 4 PugetP 19- 8- 4 Questar 304 4 RJR Nb 46- 4- 4 RalsPur 634 4 ReyMt s 42 H BelHwl 66 BellAtl 661! BellSo s 364 4 sa Boeing 35'i BoiseC 60' Boise pfC 51 '2 Borden 4441 BristM s 40' 8 li BritPt Sls-- lS Brnwk s lT- a- H BrlNth -44 NatDist 59 .Nil 118 H NtSfmi 114 Navistr 48 6.69 17.90 10.10 16.48 14.35 15.85 18.89 14.78 16.66 Option Income Equity Growth Equity Plus Intl. Equity Intermdt Govt Long Term Govt Tax Exempt High Inc. Bond s - n NEW YORK (AP) Handy 4 silver Wednesday $6,980, off $0,010. The bullion price for silver earlier in London was $6.9325, off 0.0575. Engelhard silver $7,000, off $0,030: fabricated $7,490 off J0.C32. NY Comex silver spot month Tuesday at $6,927 off $0,110. SPECIAL PORTFOLIOS SHEARSON 4 4 33- 4- NWA ls H Bearing 32's 169414 MonPw 304 NCR 634 57i23 AmStd 32s AT&T 27V, Amoco 65li8 Anheus 30 ArmfA Qli-- i. AtlRic'n 683'4 AtlasCp 347s Avon 23 BkrHu n 123 BnkAm 7h - S44 McDnD 58 MeKes 274 MMM s 584 Mobil 364 1H Monsan 694 9.28 6.69 B-- 2 18- 4- H Ask 13 85 22.00 15.11 9.28 Page "T&fi and the business world. 12.87 20.13 13.83 B-- MartM 394 McDnl s 434 68l AIntGr Am Cap Comstock Am Cap Pace FD Am Cap Venture Eaton Vance Muni Kevstone 4 Keystone Keystone Tax Ex. Oppen Directors Oppen Special Open High Yield Pioneer Fund Pioneer II Putnam Voyager JRive'r 204 4 K tan s 27- 4- H Kaisrtc 9H s Litton 694 4 Lockhd 348 Loews 65H 4 LnStar 20- 4- 4 LaPae 26- 4- H LuckvS 234 4 MDU What is happening in the stock markets MUTUAL FUNDS Bid mm - THE HERALD, Provo, Utah, 1987 favorite credit carpi ''sSr Up to one year, t event timer Fluorescent function displays Delayed-slaExpress Recording Broadcastcable frequency-synthesquartz tuner with rt (XPR) is New compact design when cassette is Automatic Power-O- n inserted EXCELLENT CREDIT TERMS SALT LAKE CITV IOSO t III ' OO SnuIK GBANITI OMHSCONVfNItNT VOtVING CPf Olt U' TO J6 MONTHS OH VOU CN ON OUH 90 IMTtRFSTtRf (i kino or sronf SuW' Mi'JW At t 0PlN vok Auto Play Automatic Rewind and Shut-OHQ (High Quality) VHS system recording capability High speed Search and Slop Action 1801 fur lihitt TIU Company 46 HOMf JJ33 fOIKS ff PROVO Wl 134 Noi in Sin NOfth . Ulh VjHfv iny. Ul .8011 J J jb JO mm CONVENIENT HOURS SHOP Wf f K DA v S 10 A M TO t 30 SATURDAYS Til 6 t CLOStD SUNDAVS MS) |