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Show Business Tuesday, May 8, 1990 The Daily Herald, Provo, Utah Stock prices continued to be mixed - 28-Da- - Carl FINDLAY, Ohio (AP) Icahn virtually conceded defeat in his latest battle with USX Corp.. but he remains convinced he will ultimately win his crusade to boost y the price of the conglomerate's stock. Icahn told shareholders at the USX annual meeting Monday he might not have the crucial support of several big institutional investors. He said his plan to break up USX and spin off its U.S. Steel subsidiary apparently would fail. But the takeover strategist, who is USX's largest stockholder with a 13.3 percent stake, told reporters he found "a strong nucleus of shareholders" who believe management should do more to improve the company's stock price. Icahn said he would keep talking to these shareholders, and he predicted, "I think there will definitely be some changes." "I think we made a statement," steel-energ- y Certificate Of Deposit 8.24 Effective Annual Vn 2. Amvt W Yield S20.000 49.9W S2.VO $50,000 8.03 8.14 Wl24 7.80 7.90 7.95 JU)0 Certificate of Deposit from American Savings makes dollars and sense. It has all the flexability you look for in today's financial climate, one of the most competitive rates available, and has the complete safety and security of United States Government backed insurance. American Savings' proud tradition of providing smart, sensible savings opportunities continues with high-rat- e certificates of deposit. See a nearby office about opening yours, today. A e.oo Annual Percentage Rate. y CD. percentage rale for Kale, itibiecl to change, compounded quanrriy. Yields shtiwn assume pnncipaj and inclersl remain on deposit for one year at current rale Substantial penalty for early withdrawal (FDIC I INSURED ml ( irJjL SSO.OIXX NEW YORK AIntGr (AP) noon Tuesday's AT&T Amoco Anheus Armco AtlRich New York Stock Ex- - change OREM PROVO Stock Last Chg 64 AMR 5834 Albtsn 20s Alcan 354, AldSgnl Alcoa 63s4 25 Aniax 46 AmHes 51'. ACyan 2834 AElPw 50 AHme s Amrtch 60 SPREVGVILLE 756-352- 8 489-943- selected prices: American Savings AMERICAN FORK Icahn said of his proposal, which would have separated the lackluster U.S. Steel from the more robust Marathon Oil Co. Icahn may have been undaunted because he knows how to win this he's done it before. game In 1988, Icahn lost a fight to unseat Texaco Inc.'s board of directors at the oil giant's 1988 annual meeting. But several months later, Texaco management decided to undertake a restructuring including the sales of billions of dollars worth of assets that Icahn had campaigned for as a means of boosting share values. "We were right at Texaco," Icahn told reporters Monday. "We'll stick around to see that (stock) value appreciate," he said non-bindi- of USX. Icahn made a hostile takeover bid for USX in the but he said another buyout offer is unlikely because the company's "poison mid-1980- s, 6 89 403A n 524 'i 38i 85k H3i. ' Atlas 123- V Avon 364 y, BakrHu h BnkAra v, Bearng BellAtl s BellSo Boeing s BoiseC Borden s BrMySq s H v4 Vi ,- Ve Ve 27 283- ,- v. 21 504 54Li 73 35 324 - 57 Listen to the Future... v, l4 v, BritPt 64l4 Vi Navistr Brnwk BurlNth CascNG CastlCk Wa la NflkSo 3- 615'b 35l4 V4 Caterp 64.34! Chmpln Chevrn Chiquta 67?'b OPEN HOUSE SPECIALS Free Hearing Tests Everyone over One out of four Utah residents over age 55 suffers from hearing loss. So where do they turn for help? More and more, they turn to a Miracle-Ea- r Center. The fact is, in the last five years 45 Free Otoscopic Examination visual inspection of your ears Free Hearing Aid Tuneup for all makes and models Bonus Gifts see coupons below 12-Poi- has helped more Utah residents than ever before hear better again and get more out of life. The reason is simple. We take the time to completely understand your hearing loss. We fit you with a genuine Miracle-Ea- r custom-crafte- d hearing system And for we take care of you. just you long after you purchase your system. Miracle-Ea-r nt Eaton f you Ye only seen a hearing instrument on TV, we're not surprised. 5 Miracle-Ea- Ai AJ has helped over 1 million people hear better again and get more out of life! r Quite likely, someone you know wears one, and you don't even know it! Come see for yourself how small effective lioiirinj,' help can he. Vs 32- 4- V, 77 89 Ve W, 62Va Litton Lockhd 1Oews LnStar Ve 3- 3611 Va -- l 4 H Li Ve 'a Va 52'e 4- 3- 4 35' 26V- - V, 28V- ',2 -1- V. v 14 Ms - 72V Ve V, Va Ve 14 Ve 32 106- V- 4 13 Ve LaPac 42v, V, MartM McDnl s McDnD McKes Merck MMM Mobil Monsan MonPw s NCR 43 31 Ve 48ve.. .. 33 73 'it 14 80'2 60i4 X1 Nil 105 19 66 ' 15 7V 4 i 26'e 4- 323 16VI- Vi 4 Ve 2- V4 2- Ve 53 Ve 24'e 7- 638' 34 'e Ve Ve Ve 204 2- Va 3- 5- 5- 1- 48 V13v, 24 68 58 36 24 Texlnst Textron Timken - Ve V - 3- 623'e 2- 6- TriCon Trinova 156 UALCp Ve 2 UnElec UnPac 26 70 1- 4- 3- 5- Ve 130 3- Ve Ve 40 35"4 6 Managed Govt High Yield Managed Muni 35 H0"2 Precious Metals Provided to The Daily Herald By shearson Lehman Hutton An American Express Company 20 1334 13 22H 22 21 213i 31 '8 3134 18 19 27 26 13va 21 10 28 107 54 75 37 '. 25.. .. 13 Bid ltF. American 28 ATNN Consolidated 732 1564 Baldwin Air Centurion fdines .12 25 .37 .41 1.00 12 The game of shuffleboard, popular on ocean liners, is traced back to England. 13th-centu- 51 30 33 Crested Corp. Crown Energy .87 30 .03 .06 Dalt .10 .20 22V8 Denham Air 21 29 EFI Corp. 29 Serv. 32 Novell 38 Four Nines Gold Ask Galtech 41 16 33 44 4 38 4 14 3 3 .10 .01 .025 1.75 194 2.75 .25 Horn Silver .01 .02 3.87 3.94 Microshare (new) North Hampton North Lily Pacific No. American Ask .15 .006 .02 .15 Lightning Bolt Merlin Mines Prime Resources 14.83 16.21 23.81 25.26 15.11 16.03 9.24 9.24 4.94 4.94 15.73 15.73 10.54 10.54 21.06 23.02 19.27 21.06 13.58 14.56 .05 .001 2.68 inewi Larsen Davis 29v8 18 3.62 100 Guild Mark Iomega 5Vs 13 29 Golden Age Gold Standard Grand Valley Gas .06 3.37 .75 Ewins Oil (Key Waste) 16 Oppen High Yield (WO) iPLDS) Pubcoa Ramex SI. (SKTC) Technology Stansbury Mining Target Capital Tuma Upland U.S. Energy 9.12 3.25 3.37 .0075 .015 .81 .91 .25 .50 .01 .04 1.50 1.56 .37 .75 2.06 237 .18 .31 .05 07 3.06 3.18 .41 .44 .02 .08 .025 .04 .02 .M 9.37 Provided to The Daily Herald By OTC Stock Market t" 5 CRAFTS AND Miracle-Ea-r Q: Having Trouble A: The iTurilier" Hearing in Noise? j One Year Supply Of Batteries! th oWf D'KOwM no. viKd O'Kount fVlh n, r I I I with the purchase of 2 packs of batteries. othan H MM You'll find genuine rOOOv ' Vll.,.r It Miracle-Ea- Ask about affordable XL Miracle-EIL II HM iV aV r Bonus Gift i BATTERY TESTER i i i j I aH ilaV m i i Present or sent in this coupon and receive a complimentary hearing aid battery holder keycham Good only at Mnacla Ear Cnler n Oiem Ceoat City and Geo'O 0"er aipnes May 19. 1990 Your Name: Nr financing ) a haanng ax) battery again OREM 735 East 1200 South (East of University Mall) ar ,..!.,. ,. ' kililla-- Ihi St Address: I CitvStatfiZm I Dhnnn Vl..K.. 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Its special I FABRICS New Optisound Custom-Fittin- g Sorry No Ram Chocks 1,12 51 39 B-- 1.5t ' 1234 Duriron First Security Iomega B-- 22 1.50 .87 Apple Computer Keystone 4 Keystone 2 Keystone Tax E Oppen Directors Oppen Special .17 Aimsco Bid Ve Asked 21 34 Am Cap Comstock Am Cap Pace FD Am Cap Venture Eaton Vance Muni Close Open NOMINAL QUOTES MUTUAL FUNDS 61 Ask 17.30 18.21 8.52 8.97 6.18 6.51 26.58 27.98 11.79 12.41 13.23 13.93 14.66 15.43 15.27 16.07 Global 10'e 63'8 644 20 GROUP Appreciation Fndmntl Value 37 110M 15.70 17.26 11.18 16.61 10.45 10.45 Growth 10 34 15.70 17.26 11.18 16.61 Bid 7Vs V 37 Sage Analytics Valley Nat Corp Wicat Zions First Nat'l. 24' 47 9 4012 13.14 13.14 Equity Growth Intl. Equity Interrndt Govt Tax Exempt High Inc. Bond SHEARSON OVER THE COUNTER 19 WrnL wi WUnion WstgE WstGE wi Weyerh Wolwth Xerox ZenithE 26 27Va Bid 33'-e- Varian WarnrL 61 26'a 27 'e Ask Option Income Environmental USX UCarb Unisys USWst s Univar s Unocal s 58 6OV4 35'a Pac. Pwr. Works Wash. Water&Power 5Ve Transm 57 USX 3- 0- vjTodSh NEW YORK STOCK EXCHANGE Open Close Occidental Pet. Pinnacle West (AZP) Pub. Svc. of Colo. Pub. Serv N. Mex Smith's Food&Drug Savin Bus. Mach. Shearson Lehman Hut. Syntex Teleflex 22 2- 4-'' 54 v. Tektrnx (1.66) McDonalds Ohio Edison 7- 42 Teldyn s Tennco Texaco Bid (2.14) Commodore Int Eastman Kodak Geneva Steel Gen. Tel. & Elec. Hercules Inc. Intl. Bus. Mach. Knss Gas & Electric Fred Meyer Marriott Merrill Lynch 85'e SouthCo SwBell Syntex TRW 500 340.53 100 322.31 Avnet AT&T Boise Case. Va - Va 34 SFePCp SaraL s ScottP Sears SierPae P Index P Index S & S 4z Albertsons American Stores Am. Exp. 43 ReyMtl Rockwl RoylD SCEcp SaftKln Industrials 2721.62 (11.26) Transportation 1154.52 (9.43) Ve 19 .. 45 144 16 92 53 24 26 110 49 24 v 33 Ve 2'e 63 67 56 58 21 V, Greyh Halbtn HeclaM HewlPk Hmstke Honwell 22'-- PugetP Quantum Questar RalsPur . Monday's Open Close DOW JONES AVERAGES VOLUME 133,840,000 8 43l4 PSvCol 31.. Gillete Gdrich GoodjT 21 Ve .. Ve 46 GaPac V, 42.. 22V- V4 FrptMc GMEs 52 29 74 4 FordM 34 66 76 46 33 42 Olin OutbdM Ve 38'- 2- l4 V- Ve V4 33 6- 27Ve 39'a 'a 5- V4 OcciPet Potltch Primca ProctG s Ve 0- V4 PortGC 112l- 4-l V4 19 Pfizer PhelpD PhilMr s PhilPet Polaroid PopeTal Pioneer Fund 21.95 23.9'j Pioneer II 18.14 19.8: Putnam Voyager 7.56 8.02 15.21 16.62 Templeton 15.02 16.42 Templeton World 7.83 8.56 Templeton Global SHEARSON SPECIAL PORTFOLIOS Ve 6- 82 PepsiCo Va. FIntste NtSemi This is all you wear) 24 26 19V- a- 4- IntPap J River K mart have difficulty hearing in noisy situations. 1 hear people speak but have troubli understanding the words. I have difficulty hearing on the phone. I have to turn up the radio or television to whore it's uncomfortably loud for others. 31 Exxon FMC INCO IBM I V, "2 5- ITTCp IdahoP Do You Suffer the Symptoms of Hearing Loss? Vt 47',. 38 37s 58 Grace should be tested yearly. 588 duPont s EKodak GenCrp GnDyn GenEl GnMills GnMotr ar 16'4.. .. 78 39'i- - Dresr Gannett Miracle-E- Why So Many Utah Residents Trust Their Hearing to Miracle-E- ar debt-financ- Ve Nynex PacEnt PacGE PacTel Pacifc s PanAm Penney 20'a CocaCl CocaC wi ColgP ColGas Comsat ConEd s Contel s CtData DanaCp Deere Digital Disney DowCh s 3'e 39 1- Nortrp Nrwst s Va hi 27'e Chryslr GTE rath pill" defense limits the number of did not speak, and many already had submitted their proxies. Reshares he could buy. Before the meeting, observers sults of the vote were not expected said Icahn eventually could force for at least a week. Icahn got the most support from management to restructure aggressively even if his proposal failed. the crowd when he complained about the USX stock price, which The company has said it will conhe contended would improve if his tinue its restructuring, but management wants to accomplan were carried out and shareholders were issued separate stock plish it on its own terms. There was no surge of support for for U.S. Steel and for Marathon. The outcome of Monday's vote Icahn apparent at Monday's gathering. He received polite applause for was being watched as an indicator his comments, but shareholders of how much strength takeover who spoke in favor of management strategists have in the 1990s, now and against breaking up the compathat the takeover ny got a slightly more enthusiastic boom has ended. response. In March, takeover strategist The Harold Simmons lost a proxy fight meeting was attended by some 600 shareholders, most that sought to remove the board of of them individual stockholders and directors at Lockheed Corp. The retirees of USX subsidiaries. biggest winners in that battle were The meeting largely was uneventinstitutional investors who extractful ed concessions from Lockheed the company's biggest shareholders, the institutional investors, Quotes 'Annual Jul! fli 10 Icahn concedes defeat for now, but expects to win fight with USX to 2,721.40 as of noon on Wall Street. Declining issues slightly outnumbered advancing ones in nationwide trading of New York Stock Exchange-listed stocks, with 605 up, 646 down and 540 unchanged. Stock prices were mixed today as the market awaited results of the first phase of a record-size- d offering of government debt securities. The Dow Jones average of 30 industrials was down a marginal .22 NEW YORK (AP) A Sugg 30 Ret.$1.99-$2.4- 9 off Sugg. Ret. ot A" Silk Flowers FREE GIFT FOR EVERY MOTHER Craft & Fabric Store Fabric Only Not Responsible For Printing Errors Prices Good Through May 15. 1990) |