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Show Page AS - the HERALD. Provo, Utah, a. Friday. May 1992 lochs Stocks Cheap air fares may tighten market hit hew highs '' - - NEW YORK Travelers better enjoy cheap air fares while they can. because the latest fare war may help kill Mime wounded airlines, giving survivors the power to raise prices, an industrv official NEW YORK (AP) The stock market pushed ahead to new highs today, spurred on by signs of a strengthening economy. says. The Dow Jones average of 30 industrials, which reached a record close on Thursday, jumped 18.41 points to by noontime toda on Street. ,1 ; "This promotion will be American Society of Travel Agents, said in a statement Thursday. "It couid easily push weaker airlines over the edge at great cost to consumers." los-eK- Three sickly carriers. Trans World Airlines. America West and issues. up, 531 down and Exchange-liste- d Continental, are flying under Chapter 1 1 bankruptcy protection. Three others. Pan Am, Eastern and Midway Airlines, died in wSenchanged. The Commerce Department reported that the gross ictomestic product grew at a 2.4 percent annual rate, after adjustment for inflation, in 'the, first quarter of the year, iup rom a previous estimate ; ex- tremely costly to the industry," Philip Davidoff. president of the - gainers outnumbered about 9 to 5 in nation-tradin- g of New York ;S1 rC995 fare battle Tuesday by allowing an Chapter 1 1 last year. Some observers believe that adult and child to fly together for once the weaklings are gone, the the price of one ticket. American Airlines responded on Wednesday stronger carriers could start gougthe in their Others customers. ing by chopping the price of its cheapor three est tickets in half for travel in the industry disagree, saying more carriers could be enough to lower 48 states. The sale includes fares as low as keep the market competitive. ticket from S200 on a round-tri- p Travelers in search of new barresLos York to New fares airline are gain Angeles. tying up American's senior vice presiervations phones. But ana! sts and many industry executives doubt dent for marketing, Michael W. the fare war will bring in enough Cnn. dismissed some of the revenue the offset to passengers ghomier predictions about the imlost in offering cheaper tickets. pact of the sale. "It could be anywhere from a "All prospects for a profitable summer are now doomed," said slight negative to neutral," he Julius Maldutis, airline analyst at said. The sale might even make a little money, he said. Salomon Brothers Inc. The ringing phones were unwelThe airline industry has lost about S6 billion over the past two come news for many travel agents, who were forced to reissue tickets years. Northwest Airlines started the at lower prices By DIRK BEVERIDGE AP Business Writer - . Smith's plans stores in South Central L.A. - DeSALT LAKE CITY (AP) spite the riots. Smith's Food & Drug Centers still plans to put five supermarkets in South Central Los Angeles. "We had plans io open ia Soui.li jof The data also showed an inirnnm in niwivd.lt ill culpU- rate profits from the fourth quarter, for the best gain since 1988. 8 ' O IVrPnt spokeswoman Shelley Thomas. Smith's President Jeff Smith planned to meet today with Los Angeles Mayor Tom Bradley, and Peter Ueberroth, who is heading the City 's icbuildiiig efforts. Smith's, based in Salt Lake City, has 10 stores throughout the West. It opened nine stores in California last vear. Central Los Angeles before the riots started. We are going to go ahead w ith those plans and are actively seeking location sites." said 1 Thomas said one reason Smith's has been successful is its willingness to go into areas other retailers do not perceive as prime locations. "In many instances, we've found those areas to be positive for us and positive for the community," she said. "The people we hire w ill, for the most part, be from the Ogden sportswear factory closes - OGDEN (AP) Kathy O'Connor thought maybe her employer was planning a celebration for her 37th birthday when workers at the Catalina factory were told to gather for an announcement Wednesday. Instead, she and 109 coworkers were told the sports- wear manufacturing plant would close on Aug. 14. "I thought they were going to sing happy birthday to me." she said. "Some damn birth- day." It took O'Connor months to find the Catalina job, which she has held since last December. "They treat us real good, but that doesn't do me much good in August," she said. Like many retailers, Catalina was hit hard by the downturn in the economy last year, forcing the shutdown, said a represent-- . Tar-e- n ative of Los Angeles-base- d owns which Holdings Inc., the company. Jason Hill, a fabric spreader at the factory, doesn't have much to look forward to. He has been at Catalina less than three months, and because his probation period has not expired, he won't be eligible for any severance packages, he 90-d- ay said. It took 10 months to find the job. Hill said, and he's worried about finding a new one. "I have a child and my girlfriend has a child and we need to take care of them," he said. Despite the bad news, how- ever, Hill spoke well of the company. "This is the greatest place I ever worked," he said. Planted Earth's A13BMf G1MT1 rT?jr J 4T jr TiTi y T M C Marigolds surrounding areas." 6 Pack & 4" Pot ttocfrs NEW. YORK '!AP)Fri.ss noon New ;Yprk Stock Ex- .change selected prices: Stock Last Chg - . ? WMl k'V.' r'- t ... 394-!-'- ., 214-1- -' AWSgnl 58L4- -- Alcoa Amax AraHes ACyan AElPw AHome AlhtGr 77 'n 314 75'. 854 AT&T 42HV. Amrtch Amoco 62H ... 4914 14 2lH ... v, ' 46v 59' GenEl v. GnMUl ... 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Navistr Nerco 13 S S & P Index 500 4 16.74 & P Index 100 393.09 ( 4.57) ( 4.43) ... 31' 32 544 90T'b 547b 91V 26 26'8 26 164 26 16s 461. 45 Vs 464 46 204 20 22s 17'b 223b 1714 20b 20H 9.40 8.07 Tomatoes MrTO& Veecies 6 Pack & 4" Pot 8.82 SHE ARSON SPECIAL PORTFOLIOS Bid Ask 15.05 15.05 Option Income 18.22 18.22 Equity Groivtn Intl. Equity 16.66 16.66 ImermdtGov: 12.12 12.12 Tax Exempt 17.28 17.28 High Inc Bond 10.93 10.93 Smith's FoodiDrug Sa in Bus. Math 344 ntex Teleflex USX Pac. Pwr. Works Wash. WateriPower W'alMan SHE ARSON GROUP 34 Grovnh 32 Appreciation Fndmntl Value Bid Ask 53 20.56 10 16 10.69 7.11 7.48 l's 2 3s 38 327b 25Vt 22 'A 254 22 Global 25.26 26.59 33' 33' 51'e 53Vt Managed Gov t High Yield Managed Muni Precious Metals 12.51 13.17 13.57 14.28 15.72 16.55 13.23 13.93 . Bid 60 K 26 23 Sit 19 Provided to The Daily Herald Shearson Lehman Brothers An American Express Company B 1 A Cvrwind V irti 13 13-- 4 Cover 99 Per Flat "We grow 'em here" Eguriflhi MaMidl 440 State Orem S. 225-451- 0 Nosell Omni Films Rk Mm. Helcptr Close Sage Anal) tics Valles Nat Corp Witat Zuns First Nat'l. 4' 52 '4 4 316 52 ' Open Close 39 i 39 31 33 !4 Albensons American Stores Bid Ask 17.15 18.74 13.54 14.37 19 11 20.28 Am Cap Comsiock Am Cap Pace FD Am Cap Venture Eaton Vance Muni NEW YORK STOCK EXCHANGE Keystone 9 56 4.71 4 n TO 9.56 4.71 oturdtsy, May 30 Only Si2ULCHIiI n Only Snapper's Clippings are cut so fine, that your This innovative blade has 4 horizontal & 2 vertical Recycling Mulcher features the revolu- You can only get this revolutionary blade on lawn will look like cutting edges that you bagged. suspend clippings in a deep drawn mulching chamber for repeated cutting. tionary 2x2 Split Level " Blade. I 20.33 9.97 16.46 17.99 19 16 TempleionC'obal AiiMJ il 21.29 22.59 MUTUAL FUNDS ... 2".'... 2 13.76 14.45 Y Larson-DaM- 50'.' 96l4l"-654 395 i:"b 15 Iomega 34v, 65 2' NwVall OppenHigr lis Apple Computer Dunron First Secun! 1- ' Nil Oppen Special OVER THE COUNTER '- 46l4 32 42; 20Ve S 1 53H 41V 20H 11 95 1595 II 01 11.01 25.33 26.88 Ke stone Ke stone Tax E BuiseCa. Mernll Lynch McDonalds Ohio Edison Oxidental Pel. Pinnacle West! AZPi Pub Svc. of Colo. Pub. Ser N. Men r- -26- '-' i ATA.T Hercules Inc. Intl. Bus. Math. Kansas Gas&Elec. Fred Mej er Marrion 43 WaLMart WarnL WstgEl Weyerh Wolwth Xerox '-' 14 2JM-- Univar -l4 62"-- -l4 22 26 26 Commodore Ini Eaiman Kodak Genea Sieel Gen. Tel & Elec. ... 644- -4 Unisys ... 145 22 H l4 21'.l4 UnElec UnPac 264 l4 25' ... - 40i Ep. 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State ivery Value Engine 219 E. Stats St. Does not include Best Buy, Value Price, clearance items and Lamonts Offer cannot be combined with coupons and is not valid on prior purchases. gift certificates. Lomorxsl tm trtt '99 |
