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Show Business Thursday, October 26, 1989 The Daily Herald, Provo, Utah Utton Lockhd Loews LnStar LaPac Exchange selected prices: Stock Last Chg AMR Albtso Alcan s AldSgnl Alcoa AmHes ACyan AElPw AHome 204 44 V McDnl s McDnD McKes 49- 69".- 421 V40? V4 Merck 77V41 MMM Mobil 71 44 V - 22 4 - Monsan MonPw 4 NCR ND 107V 44 434 464 V4 3714144 104 14 15H 274 Avon BakrHu 2144 294 BnkAm BellAU BellSo Boeing s BoiseC Borden s BrMySq V4 V 44 44 4 44 294- 41004- V- V 53v 5614 4114 34 14 v 514 14 574 -4 BritPt Bmwk 2614 17v Caterp Chmpln 56V3044 V4 334- 4- 4 Chevrn 4-1 4 651- 4- ft 22V4 Chryslr 4 CocaCl ColgP CoKJas 714- 4- ft Comsat 35' 24f33V4 CurtW DanaCp 5914 3444. 56- DowChwi Dresr duPont EKodak Eaton K 64V4- -14 ft 4 ft FordM 47ft FrptMc GTE Gannett 304 6244 ft 4OV4 ft 44 GenCrp GnDyn 1644 4 52ft V4 GenEl 544- 4- 44 GnMills 7244 GMotrs 444-- V4 GM E 52ft GaPac 53ft-- 44 Gillete Goodyr 45ft 43ft 43ft Grace Greyh Halbtn 35 44 44 lft 12- 4- ft 4914 15 82 Honwell -- 1 I ft 58f- t- V4 264- 4- ft ITT Cp IdahoP IdealB V4 - 41 34 645 v 23- 1224- -4 V4 3214 4 - ft 20 604- 448 ft-- 44 ft 29- 4- 4 101ft-- 14 49f- IntPap JRiver K mart t- ft 284 34ft 44 574t- -ft 43- 4- TriCon 2314- Trinova 23 254 ft 28ft 44 45ft 6944- -4 51ft 44 26 V4 22- 4- ft 10914- -14 WUnion WstgE Weyerh 6514 44 264- 4- Wolwth ft 58 Xerox ZenithE 12f- - ft 594 t- ft 43vk 41 74 44vt 62'. 42H 74 103 21s 194 38s 284 324 21 v 28 vk 9v4 244 13 17 44 334 33 Pacific Power Works 33 41 Wash. Wat 294 29' 414 5" 14'--. 154 30 Sage Analytics Valley Nat Corp First Nat'l Ask 47 15 31J4 3 3034 5 516 Keystone Keystone 2 Keystone Tax E. Oppen. Direct. Oppen. Special Oppen. High Y. Pioneer Fund Pioneer II Putnam Voyager Templeton Grin Templeton Worl Templeton Glob B-- 4 B-- SHEARSON 16.53 15.08 9.63 586 17.34 10.86 23.76 20.16 14.83 23.87 20.35 26.47 15.32 16.11 8.25 Equity Growth lnti. Equity Int. Got Tax Exempt High Inc. Bond SHEARSON 13.53 17.48 18.11 11.29 17.09 12.30 Growth Appreciation Fndmtl Value 19.X Global 27.22 Managed Govt 12.11 Precious Metal 8.81 697 1544 1514 16.19 third-quart- er Anheuser Busch fell to 37 on loss Wednesday, top of a when the company posted a smalt profit increase for the third quarter and said it was planning a price-cuttin- g strategy for its beers. ported giving the SEC authority to request reports on large securities and options trades, and rules to assess the financial soundness of the parent holding companies of broker-dealer- s. Such changes are proposed in bills pending in both the House and Senate. "The commission at this time does not have all the tools necessary for dealing with periods of market turbulence," Breeden told the telecommunications and finance subcommittee chaired by Rep. Edward Markey, Another witness, Edward I. O'Brien, president of the Securities Industry Association, a trade group, said he opposed the large trade and financial soundness changes, saying they were too vague and needed more study. SEC Chairman Richard C. Bree-de- n told a House panel Wednesday that while his agency doesn't need or want the power to halt trading during market emergencies, other reforms are needed. Testimony on the market gyrations and what they mean for the U.S. economy continues today when Treasury Secretary Nicholas F. Brady, who headed an investigation into the 1987 crash, appears before the Senate Banking Committee. Breeden, appearing before a subcommittee of the House Energy and Commerce Committee, said he sup O'Brien and George Bissell, chairman of the market reform task force of the Investment Company Institute, a mutual fund trade group, supported rules that would give the SEC power to halt trading for up to 24 hours during market emergencies. But Breeden said safety mechatemnisms called circuit-breakeporary automatic trading halts in times of market volatility have eliminated much of the need for officials to stop trading. Markey suggested halting only rs program trading, the computer-drive- n sale of vast blocks of stocks by large, institutional investors, which many cite as a contributing factor in the 1987 market crash. Breeden said he would consider working with the subcommittee if new methods were found to be needed, but for now he thought halts were less likely to cause uncertainty among traders. It was the first public appearance head since the Oct; 13 market slide. The Dow Jones average or. 30 industrials, a key market indicator; plunged 190.58 points Friday, Oct. 13, then rebounded to close 88.12 points higher the next Monday. The market's roller-coastgyrations prompted concern about crash like the drop ; in October 1987. But after a week of gentler undulations, the Dow bounced up and down Tuesday, finishing the day with a slight decline of 3.69 points by the new SEC er an-oth- er 508-poi- nt at 2,659.22. Breeden said proposals to require reports on large securities transactions would enhance the SEC's ity to guard against market manipt ulation, Largest oi! company moves headquarters to Dallas pany in the world and the U.S. industrial company, with sales of more than $87.5 billion third-large- st in 1988. Its departure from New York company announced today. Chairman Lawrence Rawl said reflects a broader trend by large the company had considered movcompanies to relocate in areas that ing its headquarters for some time are more affordable. Other leading U.S. companies hisand had evaluated a number of locations. torically based in New York also "We concluded that, on balance, have been leaving or expressed the Dallas area offered the best their intention to, partly because of combination of factors from the the high cost. J.C. Penney & Co., standpoint of our employees' per- for example, moved its headquarsonal and professional lives and ters from New York to the Dallas from an overall business stand- area in 1987, saving about $60 million a year in office and adminispoint," he said. At least 300 headquarters employ- tration expenses. Dallas is considered one of the ees will be affected by the relocamost attractive areas for corporate tion. Exxon is the biggest energy com relocations. TEWTl A-- U- JUL Dependability is What We Sell All Other Brands is What We Service. MAYTAG HEAVY DUTY WASHERS SAVE $30 46.00-52.0- Lasts longer, needs fewer repairs and costs less to service Heavy Duty Large capacity c baseo on consumer preferred brand Plan To Attend.' THE 108.00-114.0- 81.00-89.0- 0, IDAHO FALLS, Idaho (AP) -Wednesday's potato prices for Idaho's y districts, upper valley, Twin delivered: Potatoes: Demand fairly light. Market about steady. Russets 2 inch or 4 oz rninimum. Per cwt. Mostly mixed pack. U.S. 1 bags baled non size A, 10 lb mesh 10.00, few occasionally 9.75; 5 lb mesh 12.00, few occasionalfew ly 11.75; 10 lb film occasionally 9.00; 5 lb film 50 lb cartons, few mostly 22.00. few 21.00; 90s occasionally lower; 100s mostly 17.00, few heavy mani2 fest lower, occasionally higher; oz few heavy manifest minimum 16.00, occasionally higher; 100 lb sacks, non size A mostly U.S. 2 100 lb sacks. 6 oz minimum mostly 11.00, occasionally higher and lower; 10 oz minimum mostly 13.00, occasionally higher and lower. 12.25-12.5- 0, 9.25-9.5- 10.75-11.0- 11.25-11.5- 0; 70-8- GIFT & CRAFT FAIR $30 No. 1 preferred brand Dependability proven in commercial laundries All fabric drying Stain resistant porcelain enamel top ' baseo on consumersurveyH At The Palace Dance Hall MAYTAG JETCLEAN " DISHWASHERS 5th North 9th East - Provo SATURDAY - OCTOBER 28th SAVE (10:00 a.m. to 6:00 p.m.) 22.00-23.0- $30 17.00-18.0- 17.00-18.0- 8.00-8.5- 18.07 28.94 16.00 9.63 5.86 17.34 10.86 25.91 20.03 15.90 26 09 22.24 28 93 16 74 17.61 9 02 13.53 17.48 18.11 11.29 17.09 12.30 Bring this ad for FREE admittance! Nobody gets your dishes cleaner Quiet Cleaning holds more Three level scrubbing power 1594 17.04 Provided to The Daily Herald By Shearson Lehman Hutton An American Express Company No dishwasher 8.00-8.2- 50 INTO 48U-5- 3 13.00-14.0- 1 1 Admission M.- MAYTAG REFRIGERATORS BUY NOW WI WILL CITIZENS OF PROVO WANT TO KNOW: OURmU ro rut jrm nn mm IT mm ACT NOW1 at the Diagonal and 550 Did Provo spend more money on STEPS than West planned? High Impact Liner 'Roll-DutAdjustable Shelves builds 'em Did the city library director resign in disgust? 9 Why are architects Bins MAYTAG 30" ELECTRIC RANGES like MaiMo' and contractors imported for city sponsored projects? SAVE $30 I Removable surface elements Maytag quality you can depend on Drip-retain- er Why are most senior city positions filled outside the city work force? FOR ALL THE PEOPLE tcp HOME APPLIANCE CENTER 1. DEDICATED TO CUSTOMER SATISFACTION! 2. NO HIGH PRESSURE SALES TACTICS. 3. WIDE SELECTION OF MODELS LET'S ASK JOE JENKINS. A MAYOR MAYTAG MAYTAG WE NEED THE ANSWERS SERCVl HISLOP Q REASONS TO BUY FROM A 9 Who is responsible for the above? - Heavy Reinforced Airlock'" Seal on BOOKS? Nobody Ask 20.38 9.27 7.34 28 65 12.75 16.25 surveys) SAVE holiday's Falls-Burle- 10.25-10.5- 1 MAYTAG 87.00-91.5- 0; 61.00-66.0- No. BIG LOAD DRYERS 74.00-80.5- 0; GROIT Bid High Yield Managed Muni - LIVESTOCK AUCTION Producers Livestock in Jerome on Tuesday: utility and commercial cows heavy feeder steers light feeder steers stocker steers Holstein feeder steers light Holstein dairy heavy heifers no quote. Ask SPECIAL PORTFOLIOS Bid Ask Option Income Ford Motor, which reported lower earnings, dropped to 471. ; They also noted worries about the outlook for corporate profits, intensified by a series of disappointing reports from individual companies in recent weeks. Compaq Computer tumbled Bv to the company 99. Late Wednesday earnings reported a third-quartgain that came up short of expectations, and aanlysts also cited uncer 71.00-72.0- 1,000-1,05- Was the traffic fiasco Bid 27.28 late. fourth- - 0 304 MUTUAL FUNDS Am. Cap Cornst Am Cap Pace FD Am Cab Venture Eaton Vance M. lbs. 71.50; slaughter steers 0 lbs, slaughter heifers feeder steers no quote; feeder heifers no quote; feeder Holstein steers no quote; slaughter holstein steers no quote; slaughter lambs no quote; feeder lambs no quote. of 24 2l4 304 Idaho Range and Feedlot Report: 1,100-1,25- - The stock (AP) market's recent plunge and subsequent rebound show that systems in place since the 1987 market crash are working, says the new head of the Securities and Exchange Commission. WASHINGTON 11.00-12.0- OVER THE COUNTER 3 ' That matched the increase posted for the second quarter and was in line with, or slightly stronger than, advance estimates in the financial world. But observers also said the report showed a buildup of inventories that betokened continued problems tainty over the company's quarter prospects. for the manufacturing sector of the economy, which has been struggling Congress hears about Wall Street Friday 1 3th 20.00-21.0- 1332 334 15 32 - 102.00-104.0- ft 164 quarter. - - 73f- t- ft 17f- t- ft Department reported that the gross national product grew at a 2.5 percent annual rate, after adjustment for inflation, in the third NEW YORK (AP) Stock prices fell sharply today as investors studied the latest data on the pace of the economy. The Dow Jones average of 30 industrials dropped 43.44 points to 2,609.84 by noontime on Wall Street. Losers outnumbered gainers by nearly 3 to 1 in nationwide trading of New York Stock Exchange-liste- d issues, with 337 up, 960 down and 494 unchanged. Before the opening the Commerce NEW YORK (AP) Exxon Corp. will move its corporate headquarters from New York City to Dallas next fall, the world's largest oil - 16344244 USWest Unocal Bid 46l 22.94 Idaho (AP) Idaho Farm Bureau Intermountain grain and livestock report Wednesday: POCATELLO White wheat 3.95 (down 2); barley 4.50 (steady); 14 percent spring 3.96 (down 2); 11 percent winter 4.05 (steady). OGDEN White wheat 4.18 (steady); barley 4.55 (steady); 14 percent spring no quote; 11 percent winter 4.21 (up 3). PORTLAND White wheat 4 53 0 a ton (steady); barley (steady); 14 percent spring 4.53 (down 2); 11 percent winter 4.63 (steady). CALDWELL White wheat 6.75 cwt (up 2); barley no quote; L.A. barley no quote. -ft 44 4 Put .03 .02 22.9S POCATELLO, 4 44 44 23.05 23.25 23.40 .01 Tue.'s sales 247. Tue.'s open int 7,612, off 26. 544 264 Svntex Teleflex USX 546. 22.88 22.98 23.21 23.37 23.37 Jan 44 24ft Commodore Intl. 74 435 Eastman Kodak 64 Gen. TeL & Elec. 414 Hercules Inc. 73 Holiday Inns. 103l IntL Bus. Mach. 21"$ Kansas Gas & Electric 19 Fred Meyer Marriott 364 291 Merrill Lynch 31 McDonalds 22 Ohio Edison Occidental Pet. 284 Pinnacle West (AZP) 9h Pub. Svc. of Colo. 244 Pub. Serv N. Mex 134 1332 Savin Bus. Mach. Shearson Lehman Hutton 174 22.87 22.88 23.05 23.25 23.40 Nov 44 UCarb UnElec UnPac Unisys UBrand 414 .15 .23 .23 .20 .19 .19 -- 52ft 32ft 42 22.87 23.05 23.25 23.40 4644 I8V- 4- V4 1 349 58 Texaco Texlnst Textron Timken vjTodSh Transm AT&T Boise Case. lbs.; cents pi rib. Mar May Jul Sep 394. ... 234 27ft... . Industrials 2669.22 Transportation 1210.70 S & P Index INX.Z 343.70 S & P Index OEX 321.64 NEW YORK STOCK EXCHANGE Open Close 59 Albertsons 584 56"-57s American Stores 37 37 Am. Exp. 27V4 27H Avnet Novell Jan 354 - ft DOW JONES AVERAGES VOLUME 23,796,000.00 Apple Computer Duriron First Security Iomega 112,000 44 44 Syntex Unocal wi Varian WamrL Tue.'s sales 10,572. Tue.'s open int 151,076, off v 6644 SouthCo SwBel! 13.82 13.57 13.36 12.99 14.07 13.80 13.58 13.21 13.85 13.58 13.38 12.99 14.20 14.06 13.80 13.58 13.20 12.87 SUGAR 14 354 254j lbs.; cents per lb. Mar May Jul Oct Mar -14 SCEcp SaftKln SFePCp SaraLee ScottP Sears SierPac Tennco Jan v 28ft 128' lv 65- 4- 44 v 11 SUGAR-WORL- 112,000 50 Tektmx Teldyn OpenHighLow Settle Chg. 1 ReyMU Rockwl RoylD s TRW gar futures tradNEW YORK ing on the New York Coffee, Sugar and Cocoa Exchange Wed.: (AP)-Su- 4 60' 67- 4- 4 60- 4- v 85- Engelhard: $369.93, up $2.06. Engelhard fabricated: $388.43, up LJim v 42W 23v 45 up Wed. $368.50, off $0.20. V 2ft INCO IBM Wicat Zions V 4-v 194 44- v- 4 PSvCol UAL Cp USX ft 304- 4- ft 30ft ft Hmstke PacEnt PacGE PacTel Pacifcp PanAm Penney PepsiCo Pfizer PhelpD 494- V 4 HeclaM HewlPk 20 564 274- $368.65, Comex gold spot month close Wed. $369.10, off $1.10. NY Republic National Bank 4 p.m. 44 44 . -- v 8- 36- 1- lft 3'4 -- 1 7- Olin OutboM NY $2.05. NY NY $2.17. NY V 344 4-1 117 44 Nortrp Nrwst S Nynes OcciPet asked. Handy & Harman: $369.20 V Questar RalsPur FIntste Gdrich 3? 36 21 224 44 564- 4- 44 45f- t- 44 374- 4- 4 544- 4- 14 Exxon FMC 7- H- NtSemi Navistr PugetP V4 94-- v, -v 4- 44 1- PhUPet Polaroid PopeTal PortGC Potltch Primca ProctG ProcG wi 4 - 58v- Quanta -14 89v 124V- Digita. Disney DowCh 11714 39 v- v 18- 4- 4 Deere 14 -4 v 4 t- Contels CtData V4 244 2014 4- 62V4544 ConEd S 36 PhilMrs 144- BrlNth n CascNG CasUCk V 44 NflkSo 103v-- $1.75. London afternoon fixing: $368.65, up $2.05. London late: $368.25, up $0.50. Paris afternoon fixing: $369.12, up $1.54. Frankfurt fixing: $369.09, up $2.31. Zurich late afternoon: $368.70, up $1.20, 44 V- SIVi 57- v 62- 4- Atlas s Beargs 4 4044 MartM 104 AT&T Amoco s Anheus Armco AURich 274- 4- MDU 30- 4- Amrtch s AlntGr 14 -2 14 711 ,- Amu 4 122- - By The Associated Press Selected world gold prices Wednesday: Hong Kong late: $368.25 up $1.90. London morning fixing: $368.35, up 3'- 4- - Market shows decline in today's trading Market Quotes NEW YORK (AP)- Thursday's noon New York Stock Air- - Political advertisement paid by the committee to elect Sherm Hislop 4. FACTORY TRAINED SERVICE TECHNICIANS. 5. PROFESSIONAL AND PROMPT DELIVERY. MIKE'S Bill's MAYTAG (Formerly 1797 So. State, Orem Hrs. Mon-bat.10- -6 Maytag) ZZ4aOUUO |
