OCR Text |
Show Sfnrkc Tuesday, October 2, 1990 Utah The Daily Herald, Provo, Fndmntl Value Global Managed Govt High Yield Managed Muni Precious Metals Quotes 5.43 5.72 23.66 11.96 12.16 14.57 15.27 24.91 12.59 12.80 15.34 16.07 Gated Golden Age Goki Standard -i8 .025 1.S 1.J1 Grand Valley Gat (new) 12 iJ7 Mark Larsen Davis Guild Lightning Open Close DOW JONES AVERAGES VOLUME 203,170,000 P S&P Index" 500 314.94 Index 100 299.94 American Stores 53V4 Am. Exp. Avnet AT&T Boise Case. Commodore Lit Eastman Kodak Geneva Steel Gen. Tel. & Elec. Hercules Inc. Intl. Bus. Mach. Knss Gas & Electric Fred Meyer 21 22 31V4 25 i .855 39 11 28Vb 27V4 109 25 11 10 18 26 16Ve 19 10 20 9 26V4 .2D .81 Ui. .62 .68 .75 .87 .15 .18 187 3.12 1.56 1.69 Crown 11 27 107V. 25 Merrill Lynch McDonalds Ohio Edison Occidental Pet. Pinnacle West (AZP) Pub. Svc. of Colo. Pub. Serv N. Mex Smith's Food&Drug Savin Bus. Mach. Syntex Teleflex USX Pac. Pwr. Works Wash. Water&Power 1.2 Rasa .68 21 32V4 25 4 39 27'e Marriott Prime Resources (PLDS) .17 Mines Energy EFlCorp. Environmental Serv. Four Nine's .0050 .0025 jo (C ATNN Centurion .11 U7 American Consolidated 53 22 .015 21 1.18 Tuma Upland VS. Energy Asked Bid JX6 .005 m .06 LSI (SKTC) Stansbun Mining Target Capital NOMINAL QUOTES NEW YORK STOCK EXCHANGE Open Close 33 30 Albertsons 1.50 Micrestare (new) North Hampton North Lfly SX Technology (8.89) (8.48) .19 L37 Merlin Kming Provided to The Daily Herald By Shearson Lehman Hutton An American Express Company Industrials 2515.84 (63.36) Transportation 873.15 (31.80) S & Bolt .05 LM .19 .25 .03 .08 .0325 .05 .025 .035 8.75 9.12 Gold .40 .47 VencorlntL VIP (Comtek) JO .23 .03 .06 Provided to The DaSy Herald By film Davit and U. (OTC Stock Market) A4 Oil p rices drop and stocks gain NEW YORK (AP) Prices rally, when the Dow Jones industrimoved broadly higher, on Wall al average soared more than 63 Street today, carrying Monday's .points. big gains into another session as oil The big impetus for buying was prices continued to drop. again a drop in oil prices. The The Dow Jones industrial averNovember contract for light, sweet age was up 23.52 to 2,539.36 as of crude was off $1.16 at $35.93 a noon EDT. barrel in midday trading on the Advancing issues were ahead of New York Mercantile Exchange, decliners by a margin of about 4 to following a plunge of $2.42 a barrel 1, with 1,115 stocks rising, 314 Monday. falling and 397 unchanged on the New York Stock Exchange. Volume on the Big Board came to 105.61 million shares at midday, compared with 84.99 million at the same tin.! Monday. Analysts said today's advance was a continuation of Monday's A decline in energy costs eases the threat of higher inflation and increases the likelihood that the Federal Reserve will allow interest rates to ts said falling interest rates in the bond market also boosted stock prices today. At mid day, the yield on the government's bond was down to 8.82 percent from 8.84 percent late Mon- - . day, its lowest level in about six , weeks. Stock prices also surged in Tokyo early today, with the Nikkei Stock Average of 225 selected issues - ; climbing 2,676.55 points, or 13.24 percent, to 22,898.41. The gain, the index's largest one-da- y advance, helped set a positive tone on Wall Street, analysts said. General Electric led the NYSE most-activ- e list, rising v to 57v. Among other blue chips, Philip .y, Morris rose Vt to 48vi, IBM was up 4 to 109, and Boeing rose to 30-ye-ar 44s4. 12 11 r 19V4 27 16 20 9 21 9 27 II . So n j g i 1 1 964 964 52 28Vb 30 20 27v 54 27 30 21 27 o op1 OVER THE COUNTER Bid Ask Apple Computer Duriron First Security Iomega Novell Sage Analytics Valley Nat Corp Wicat Zions First Nat'l. 29 15 22 4 25 30 10 3 24 10 3 25 15 22 4 27 1 n MUTUAL FUNDS Bid Ask Am Cap Comstock Am Cap Pace FD Am Cap Venture Eaton Vance Muni Keystone B-- 4 Keystone B-- 2 Keystone Tax E Oppen Directors Oppen Special Oppen High Y. 14.17 15.49 11.12 11.80 13.73 9.14 4.21 14.86 10.50 21.05 17.36 12.57 19.59 15.61 Pioneer Fund Pioneer II Putnam Voyager Templeton Grwth Templeton World Templeton Global 6.85 14.57 (i LJ 9.14 4.21 14.86 10.50 23.01 18.97 13.48 21.41 17.06 7.27 14.12 15.43 13.56 14.82 6.61 7.22 SHEARSON SPECIAL PORTFOLIOS Bid Ask Option Income Equity Growth Intl. Equity Intermdt Govt Tax Exempt 11.79 13.20 15.35 11.16 16.55 High Inc. Bond 9.65 SHEARSON 11.79 J3.20 15.35 11.16 16.55 9.65 GROUP Bid Ask Growth Appreciation 15.20 8.22 16.00 8.65 Due to transmission problems from Associated Press in New York, the selected listing of stock prices at noon was unavailable for today's newspaper. The Daiiy Herald regrets any inconvenience to readers. . Q a 1 Home sales slump -percent WASHINGTON (AP) new homes slumped 1.4 August, the government Sales of in o reported today. It was the sixth decline in eight months and more evidence of weakness in the housing industry. The Commerce Department said new home sales totaled a seasonally adjusted annual rate of 550,000 after edging down a revised 0.2 pertent in July. However, the July fall was much softer than the 2.3 percent first reported last month. Nevertheless, sales during the first eight months of the year have plunged 13.6 percent below the same period of 1989. Many analysts expect sales to remain weak because of high mortgage rates, consumer caution over adverse economic news and the Persian Gulf crisis and, in some areas, a glutted market. Mortgage rates fell to 9.84 percent during the first week in August, according to the Federal Home Loan Mortgage Corp. But they began spiraling after the Aug. 2 Iraqi invasion of Kuwait and ended the month at 10.24 percent. They remained at 10.22 percent at the end of September. The weak sales have contributed to sluggishness in the construction industry. The Commerce Department reported on Monday that overall .spending was unchanged in August while residential spending fell 1.2 percent. Sales of existing homes, on the other hand, have been moving up for three months, including a 2.1 percent advance in August, according to surveys by the National Association of Realtors. The department also said inventories of new homes showed a backlog at the August sales pace, unchanged from July. The West posted the only increase in sales, up 0.7 percent to 139,000 units after falling 3.5 percent a month earlier. Sales were unchanged in the Northeast at 77,-0units following a 7.2 percent decline in July. th need a lean, just pick ip tie phone. If you're too busy to run to the bank for a loan, call the Loan Hotline at First Interstate Bank of Utah. Our Loan Hotline makes borrowing as easy as it gets, because you call at your convenience and do everjthing by phone. In addition, we guarantee to call back with an answer within 24 hours and have loan papers waiting at the branch of your choice. But those aren't the only ways we make borrowing easier. You pay simple interest, which means you pay only for the days you use the money. You can postpone a payment on most consumer loans every 12 months. You can choose the monthly due date for on your payments. And you can save the interest rate when you authorize automatic payments from a First Interstate checking, savings, or market interest account. And at First Interstate, we do a lot more than make your borrowing easier. We guarantee our ATMs will always work, and that you'll get great service or we'll pay you $5. So if you need a loan for anything from a car to college tuition just reach for the phone and call our Loan Hotline weekdays from 9 a.m. to 5 p.m. and Saturdays Interest continues to accrue, fcach month post poned is added to the ter n of the loan 4 interest rate reduction nd option are not available on real estate loans and revolvirgi lines of credit Vz from 1 p.m. to 5 p.m. And let us show you how convenient borrowing can be. In the Salt Lake area, call 264-580Outside Salt Lake, call 0. First rsRsur asaafcw Bank bUC Nobody makes banking easier. Member FDIC unwS Hl:i IteU! |