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Show r? Wholesale prices steady in (February - WASHINGTON (AP) The effect of weather on energy supplies held wholesale prices unchanged in February, the government said today. The flatness of the Labor Department's Producer Price Index followed a huge 1.8 percent jump in milder-than-usu- cent. However, economists do not expect anything approaching that for the entire year. Most anticipate prices will rise between 4 percent and 4.5 percent in 1990, slightly lower than the 1989 rate of 4.8 percent. al Energy January. 5 in February percent after soaring 13.6 prices plunged holiday cold snap had caused percent in January. record increases in energy prices The effect of the weather showed and large food price rises, which up most strongly in fuel oil prices, had propelled the overall index to which rocketed 25.3 percent in Janthe largest increase in 15 years. uary and plummeted 30.2 percent in Figures for the two months, taken February. They were the biggest together, represent an annualized increase and decrease since the wholesale inflation rate of 11.4 per department began tracking that A price in 1973. Gasoline prices fell 2.3 percent last month after rising 16.7 percent in January. Natural gas prices edged up 0.1 percent after jumping 3.2 percent in the previous month. Food pries in February rose 0.9 percent, compared with January when they rose 2.1 percent, the biggest jump in six years. Vegetable prices last month shot up 23.3 percent, on top of the 58 percent rise in January. The holiday freeze killed vegetable crops from Texas to Florida. However, analysts expect vegetable costs to subside this spring as new crops Dow average are harvested. In other good news for grocery buyers, the wholesale price of eggs plunged 24 percent while dairy costs fell 2.7 percent. Both of those categories had been increasing for most of the previous year. However, chicken prices shot up 8.5 percent and fruit rose 8 percent. Prices excluding the volatile food and energy sectors rose a moderate 0.4 percent in February after a slight 0.1 percent rise in January. Economists often use this core rate as a better indication of underlying inflationary pressures in the economy. - 1 1.2 percent. In a second report, the Fed said the operating rate of the nation's in January, although the level of motor vehicle production in February was still more than 5 percent below its December level," the Fed said in its industrial production report. "Excluding motor vehicles and related industries, production was little changed," it added. Thousands of autoworkers re turned to production lines in February after being laid off the previous Seasonally adjusted annual rate, millions of units The stock market pushed ahead today in an upbeat "triple witching hour" on Wall Street. The Dow Jones average of 30 industrials rose 21.40 to 2,717.12 by noontime EST. Gainers outnumbered losers by about 9 to 5 in nationwide trading of New York Stock Exchange-liste- d issues, with 803 up, 461 down and 510 unchanged. Blue chip stocks attracted buy orders at the witching hour, marking the last trading in a set of options and futures on stock indexes used by professionals in computerized index arbitrage. The market's response was less clear, however, to word that the producer price of finished goods was unchanged in February after climbing 1.8 percent the month bloated inventories. Industrial production at manufacturing plants making both durable and goods rose 0.7 percent in February after falling 0.7 percent a month earlier. factories, mines and utilities which usually moves in tandem with industrial production rose 0.3 percentage point to 82.3 percent in February. The operating rate measures not only output but also changes in productivity levels. "The output of motor vehicles and parts increased sharply in February following the substantial cut month as the industry reduced - NEW YORK (AP) Industrial production up in February WASHINGTON (AP) Industrial production, pulled down in January by a cutback in automobile output and utility use, bounced back 0.6 percent in February with the return of autoworkers, the government said today. The Federal Reserve said February's advance followed a revised 1.0 percent drop in January's out- put and a 0.1 percent gain in I December. January's output originally was reported to have fallen Housing Starts pushes ahead Pun 1.7 1.6 1.5 1.4 HI. 1.3 1.2 iti JF MAMJJASOND 0 1990 1989 Feb. '89 Feb. 90 Jan. '90 Source. U.S. Dept ol Commarc AP le Market Quotes: Durable manufacturing was up percent after a 1.5 decline in manufacturJanuary. ing slipped 0.2 percent compared to a 0.4 percent gain the previous month. 1.4 Keystone Tax E Non-durab- le NEW YORK (AP) -Fnoon New riday's York Stock Ex- selected change prices: Stock Last Chg AMR 65 1' Albtsn 554 4 Alcan s 22L4 4 36' AldSgnl 4 Alcoa 66! 4 25 Anvax 4 AniHes 48' 4 52 ACyan 4 30AElPw 4 AHome 1014 4 Amrtch 60' 4 AIntGr 94' 4 41 AT&T 53 Amoco Anheus 354 4 Armco 104 114AtlRich 4 16 4 Atlas s Avon 354 4 BakrHu 274 BnkAm 284 25 s Bearg BellAtl 91" BellSo 5441' Boeing s BoiseC 40H1V Borden s 314 53 BrMySq Thank You Note for Making 1989 Our Greatest Jewelry Sales Year Ever! A 14K Gold '- 4 '- 4 69424 4 OFF BritPt 664 Brnwk BurlNth CascNG CastlCk Our Regular Low Prices On 16' Caterp T57 FF 1 4 35 60s 28 Chmpln Chevrn Chryslr CoeaCl ColgP ColGas Comsat ConEd s Contel s CtData DanaCp Deere Digital Disney DowCh s All 14K Gold Jewelry mm 7 4 4 14' 35 4 69'l 18H 4 4 72 4 604 4 4 471 354 26 28 v ' 18' 34v Dresr duPonts Vt 72 77 115 4 66' 4 4 ' 49 38' EKodak Eaton Exxon FMC 4 4 4 4 38" 55s 47 354 374 FIntste FordM 4 12 37 63 ' GenCrp GnDyn GenEl GnMills GnMotr GM E s 4 4 524 -4 74 44 Navistr NflkSo 37s v Nortrp 16' 19' 4 4 Nrwst s Nynex 80 Olin OutbdM 583 25 464 PacEnt PacGE PacTel Pacifc s PanAm Penney 214 454 224 30 45 14' 45414 2044y, 87ve 53- '- 4 27'8 4 27 108 1 IntPap JRiver 50' 24' Kmart 35 4 18.86 8.86 6.37 27.58 12.52 14.18 15.71 18.49 2544 4 46'-- 234 17V. .. 404 4 PortGC NOMINAL QUOTES 4 28 65l4 I'SvCol 24 ugetP Quantum Questar KalsPur 204 4 194... 36-4- 4 843l 4 564 ReyMtl Rockwl RoylD SCEcp SaftKln 21' 764 384 314 204 294 SFePCp SaraL s ScottP Sears SierPac 4 4 4 4 4 4 44' 414 234 264 SouthCo SwBeU Syntex TRW Vt Vt 4 4 4 55 504 504 134 4 68' 684 6044 36' 234 314- Vt -4 34 vjTodSh Trinova UALCp 4 4 4 284 141 USX Unisys U Brand USWest Unocal s v. 17.92 8.42 6.05 26.20 11.89 13.47 14.92 17.57 Provided to The Daily Herald By Shearson Lehman Brothers An American Express Company 59'. Potltch Primca lroctG s 4 Ask Precious Metals 4 62414 384 4 Hizer PhelpD PhilMrs I'hilPet Polaroid PopeTal UCarb UnElec UnPac 4 4 684 594 4 PepsiCo SHEARSON GROUP Bid High Yield Managed Muni 4 - 3 13.38 16.30 17.54 11.25 16.85 10.61 Growth Appreciation Fndmntl Value Global Managed Govt m OcciPet 8.15 16.70 16.81 8.71 13.38 16.30 17.54 11.25 16.85 10.61 Intl. Equity Intermdt Govt Tax Exempt High Inc. Bond 16s 4 4 374 304 Option Income Equity Growth 214 68- 10.70 23.87 21.02 14.66 24.62 20.22 SHEARSON SPECIAL PORTFOLIOS Bid Ask 4 5 394 46' I 4 4 22 40', INCO IBM 81H 62' TriCon GaPac IdahoP 4 Transm Gillete Gdrich Goodyr H 364 694 47s. .. 71414 Greyh Halbtn HeclaM HewlPk Hmstke Honwell ITT Cp ' 4 4 4, 28s Grace 414 Texaco Texlnst Textron Timken y, 4 i 31' 56H NtSemi Teldyn s Tennco 634 414 l- 106 Nil "4 Gannett GTE MDU MartM McDnl s McDnD McKes Merck MMM Mobil Monsan MonPw s NCR Tektrnx FrptMc Pioneer Fund Pioneer II Putnam Voyager Templeton Grwth Templeton World Templeton Global 4 106 1645 205 LnStar LaPac v, i4 48s 34 734 354 Litton Lockhd Loews 10.70 21.84 19.23 13.67 22.53 18.50 7.68 15.28 15.38 7.97 Oppen Directors Oppen Special Oppen High Yield 354 224 4 27 70s 4 164 H 195 7241 304 4 254 Varian WarnrL 1' 103 WUnion WstgE Weyerh Wolwth Xerox ' 6 74 264 62' 55' ZenithE 4 4. 4 4 -4 9- wAsuikmm American Consolidated ATNN Aimsco Baldwin Air Centurion Mines Champion Concepts Crested Corp. Crown Energy Dalt Denham Air EFI Corp. Environmental Serv. Ewing Oil (Kev Waste) Four Nines Gold Galtech Golden Age Gold Standard Grand Valley Gas (new) Bid Asked .12 1.25 .87 ,12 .37 .37 1.31 .03 .10 .06 3.75 .75 .05 .001 .05 .01 2.00 1.94 .25 .01 .13 1.31 1.25 .25 .41 .75 1.44 .06 .20 .18 3.94 1.00 .15 .006 .10 .025 2.12 2.06 .44 .02 .06 1.50 .01 .91 .60 .02 1.87 .75 2.00 .31 .07 .10 2.94 .56 .08 .12 .04 .04 11.12 .81 .12 .12 Guild Mark Horn Silver Horizon Eng. Larsen Davis l 25 .0025 Lightning Bolt. Merlin Mines .84 Mieroshare fnew) .40 North Hampton .01 North Lily 1.81 Pacific North American .37 Prime Resources (PLDS) 1.87 18 rurjcoa Ramex .06 Ranhnlz Silver .03 S.K. Technology (SKTC) Stansbury Mining Target Capital Triple Tuma Upland U.S. Energy U.S. Gold Vascular International Willow Investments 2.81 .53 .02 .07 .03 .02 10.75 .75 .03 .08 Provided to The Daily Herald By OTC Stock Market i DOW JONES AVERAGES VOLUME 145,590,000 Industrials 2695.72 (7.88) Transportation 1148.12 S&PIndex S&PIndex INX.Z 338.07 (1.18) OEX 318.57 (1.24) NEW YORK STOCK EXCHANGE Open Close Albertsons 54 'a i4'e American Stores ONE DAY ONLY, SATURDAY, MARCH 17 ! It's an Unprecedented Nationwide Sale. We're emptying the vaults from coast to coast and providing our valued customers with a truly golden opportunity. We can't help it. It's just our way! In stoc k. No rain checks. Excludes coin jewelry, items set with stones, and remount mountings Am. Exp. Avnet AT&T Boise Case. Commodore Int Eastman Kodak Gen. Tel. & Elec. Hercules Inc. Intl. Bus. Mach. Kansas Gas & Electric Fred Meyer Marriott Merrill Lynch 57 28 'A 32 41'A 398 38y8 Brazil Britain 623'4 30-d- 35'a 60-d- 106H 20 'a 107 21 16 2834 164 ' 223'4 S3 in. ... ui(.i.i.i In. .i ,... i iitmi.i IKOIU ( IS I.I. JvTM,, MU.k, ,4 K si n. kI... .iji..r uw.nin V.tiln .m.l.ru Mmn,,,,, ,nil n H. t I .III L .. hi. n..Jn PrOVO, Store Hours: Mon-F- ri 10am-9p- Ogden, 4119 mverdaie Rd., 1400 N. State St., Riverside Plaza, 0 & Sun 10am-6pSat The Provo Store is Closed Sunday. 226-424- 2; 621-077- 373-090- 0; 28 22V. 31 ve 27 'A 14Va 144; 24 'a 1234 24 Shearson Lehman Hut. Svntex T'eleflex USX 19'2 1364 1134 49 31 35 22V. 28 'A Apple Computer Duriron First Security Iomega NoveD Sage Analytics Va ev Nat Corp 36 18'. 12' 316 4934 31 35 22v, MUTUAL FUNDS Bid Am Cap Comstock 14.66 Am Cap Pace FD 23.85 Am Cap Venture 14.87 Eaton Vance Muni 9.40 B-- 4 Keystone 4.91 B-- 2 Keystone 16.17 Colombia Denmark Hong Kong 29 Ask 364 19 434 274 y Finland France Greece 3 43 2h fwd fwd fwd 60-d- ECU 324. 14 Canada 30-d- 11 32l4 54 fwd fwd fwd 90-d- Occidental Pet. Pinnacle West (AZP) Wicaf Zions First Nat'l. Murray, 6000 s. St., 8Va 19', 274 Pub. Svc. of Colo. Pub. Serv N. Mex Savin Bus. Mach. Australia Austria 38 621 351 OVER THE COUNTER Bid B1S 41Va Thu. 39' 81 31 Wash. Water&Power mil BEST ,k: 33l4 McDonalds Ohio Edison Pac. Pwr. Works Not available through mail order. 5934 28 NEW YORK (AP) -Foreign Ex- change, New York prices. Rates for trades of $1 million mini mum. Fgn. currency Dollar in in dollars fgn. currency 3 6 14 2 11 16 274. Ask 16.02 25.31 15.78 9.40 4.91 16.17 Indnsia Ireland Israel Italy Japan 30-d- y 60-d- y 90-d- y fwd fwd fwd Jordan Kuwait Malaysia Nethrlnds N. Zealand Norway Pakistan Wed .0002 .0002 .7575 .7625 .0832 .0829 .0282 .0283 .02672 .02672 1.6212 1.6070 1.6122 1.5979 1.6194 1.5897 1.5953 1.5807 .8471 .8518 .8437 .8483 .8406 .8453 .8372 .8422 .003523 .003523 .002188 .002188 .1526 .1524 .001713 .001713 1.1985 1.1985 .3783 .3783 .2476 .2476 .1731 .1727 .006196 .006196 .1280 .1280 .0583 .0583 .000554 .000554 1.5525 1.5540 .5102 .5102 .000792 .000792 .006564.006557 .006568.006563 .006573.006568 .006578.006574 1.5076 1.5076 3.4483 3.4483 01803 .01803 3688 .3688 000364 .000364 5190 .5181 5890 .5874 1511 .1512 0471 .0471 .000078 .000078 Thu. Wed. 5399.9 1.3201 12.03 35.52 37.422 .6168 .6203 5399.9 1.3147 .6175 .6284 1.1805 1.1853 1.1896 1.1945 283.87 457.00 6.5545 583.50 .8344 2.6433 4.0390 5.7780 161.40 7.8110 17.153 1803.98 .6441 1.9600 1263.20 152.35 152.25 152.14 152.02 .66330 12.06 35.56 37.422 .6223 .6258 .6290 .6326 1.1740 1.1788 1.1830 1.1874 283.87 457.00 6.5620 583.50 .8344 2.6433 4.0390 5.7890 161.40 7.8110 17.153 1803.98 .6335 1.9600 1263.20 152.50 152.38 152 26 152.12 .66330 .29000.29000 554.50 554 50 2.7118 2.7118 2747.93 2747 93 1.9288 1.9300 1.6978 1.7041 6.6180 6.6150 21.25 21.25 12804.1 12804.1 |
