OCR Text |
Show c Mmmmmmmmmmmmimimmmmmmm i. jm " " - v... iiiiiiiiiil : - ..M....:. 111- I FTC not patrolling gas pump abuses Thursday, August 13, 1992 Weak economy helps hold inflation 1 - WASHINGTON (AP) The federal government is not doing enough to police mislabeled gasoline" pumps or deceptive ads that prompt consumers to waste money fuel, a Consumer group contends. "Public Citizen, in a study released Wednesday, said the Commission was not activity enforcing laws against abuses in octane ratings. "American motorists, the study said, 'end up spending as much as $3 billion more than they should on gasoline each year, because they fuel their are buying cars may not need. K V a t!5f 0 By MARTIN CRUTSINGER AP Economics Writer ' s r-- mm.' WASHINGTON '- - f V? wm a. 00 Feder-at3Tra- eg Oil - -- West workers may hold strike US Won't you let it ride millionth Chevrolet Corvette produced in ing Green, Ky., plant. Generil Motors Chairman Robert Stempel, left, and President John F. Smith Jr., introducesthe Bowl- ar fall into place." ;4US West serves most Utahns' iogal telephone needs. The company is negotiating with the union thjit represents workers in 14 western states, including 2,200 of US West's 3, 100 employees. BtesEic ... ... Alcoa 68' Araax AmHes ACian AElPw 17- 447V-- 1 V4 ... ... 61 33'4 AHome 75'-- AIntGr 964 "4 4 4344 ATT Anirteh Amoco Anheus Arinco AtlRich Atlas 17' 4 48 5214 39- 4- ... 16J4 274-- l4 7034 ... ... 44'4 12 36- 4234- -v 493- 415 244 73 174 214 4344 ... 534 ... 17 tonEd 4244 30 SCurtWr 28 DanaCp 39- 4- 25 OcciPet PacEnt PacGE PacTel PacifCp Penney PepsiC Pfizer PhelpDs PhilMr PhilPet Polaroid PopeTal PortGC Potltch Praxar n Primca ProctG s PSvCol ReyMtl Rockwl 364l4 PovlD 28J4- -4 56 -l- 4 SCEcp SaftKl 21 l4 iOn FMC ' f'Intste TordM JqrtMc t Gannett GenCrp JOdDyn 4 ... ... -'4 37- 4144 18 35 46 ... 4 ,GnEl 13- 4794 ... 754 'OMEi 374 214 rGnMill GqMotr fGaPac iGUletei Gdrich fOoodyr f Grace Halbtn HJaM rlfipk Hmitke Honyel rrcc IdahoP 1NU) IBM InJTfcp 7044 51- 4- 566 4 3- 633 4 4 ... 604 -4 634 ... 674 26' 274 884 12't- 61- -14 20- -4 2444 jUtton jthd i 454 47 SFePC Saral.ee ScottP Sears SierPac SouthCo SwBeU Syntei TRW Tektrnx Teldyn Tennco Texaco Texlnst Textron Tiniken Transm TriCon -1 54 ... 20 Olin OutbdM JpialCp 524 384 83l ... 434... Nynex 37 37 44 78 63 47 ... Nortrp Norwst Deere isoey s Cole DowCh jDressr uPont EKodok "Eaton ... 134V 5J2 ... 5534 4 394 . 5334 25 Nerco NwVall NnkSo PugetP Quantm Questar RalsPu pigital - 653- 4- 2 '4 -4 4 Navistr 454 . 42 37 51? 99 11 224 Brnwk BurlNth fcascNG Caterp Cendian Chmpln fchevrn jChiquta Chryslr tocaCl s ColgPal .vjColGs Comsat ' 55' 434 114 51 BritPt 24 NtSemi Avon BellAU fiellSo Boeing BoiseC Borden BrMySq MDU MartM McDonld McDnD McKes Merck s MMM Mobil Monsan MonPw 3v. 42- 4- MI eata-H- gearng vjLnStr LaPac s 51vk4 44 fiankAm 11841 Loews 69 5344 Vtv, Trinova UALCp 17 1834 434 224 684- -4 384 80 464-- 14 79 14 rs 18- 4- ... 4 28 27 15- 4- - -- 14 2544 87 464 274 114 ... 54 1- 6544 304- -H 55 19 ... 204 3841 64 404 ... 374 ... 274- -4 ... 44 27 -4 1044- -4 24- ... ... A -4 2744 36 574 6644 17 ... 32 29 - 88 26 I5K 49 51 . 19 PacillCorp Pinnacle West (AZPl 22 22 43 n n -- o U 0.1 U JLZ JL3 0.4 S O A N O J F A M 1992 1991 June 92 July '92 1312 0.2 I -- AP Source: U.S. Dept. of labor Taking the two months together, analysts said, showed that there is little demand in the consumer sector, which is extremely important because it accounts for of total economic activity. Sales now have fallen in two months this year and the increases since February have been considered lackluster, analysts said. "Consumers are worried about their jobs. They don't have a lot of money and they have a lot of debt," said Steinberg. "That's not going to change anytime soon . ' ' The government also reported today that weekly filings for unem0 ployment benefits dropped by in the week ending Aug. after surging by 69.000 in the previous week. The wild swings were shutattributed to a company-wid- e down at General Motors Corp. in June. two-thir- For the first seven months of this year, prices are rising at an annual rate of 2.9 percent, even better than last year's 3. 1 percent gain. Analysts said the United States is k well on its way to the best performance on inflation back-to-bac- since the mid 1960s. The Commerce Department report on retail sales showed that they advanced 0.5 percent in July, reflecting stronger performance at department stores. But a previously reported 0.5 percent June gain was revised away today with the 66,-00- 1 government reporting that sales actually fell by 0.3 percent during the month. Cotton knil top. Sizes S, M. L. Retail Value: $16 Rose print shirt. 28 28 Retail Value: $24 l3'i Retail Value: $22 13 A SyniCK 29 TeleHex 33(4 27 30 Ve 33 27 35 57 57's VFFO:$12 OVER THE COU NTER Ask 44 Vs 43': 23' r- - e -- vir Cntlrm (ttfnrrt "5 ' VFF0:$Jg 6 516 2'A 52 50 2 2 . mmoo-oow- stun n Sizes M.L, XL XXL Retafl Value $32 Retail Value: $36 23 6 Blue fizz jeans. Sizes 4. Retail Value $30 4. TFO:$JJ VFFO:$J5 Sizes S, M, L, XL. 23 - 24 Tapered leg jeans. 3k Sage Analytics Vallc) Nat Corp Wicat Zions First Natl. multi-brit- 4 mm! striped shirt Bid Novell Omni Films Rk) Mm. Helcptr fa rc4 r h Cotton 2 i Sees 29'i s jr Denim jumper. 29 Apple Computer Duriron First Security 1 Sizes 35 314 19 16 19 16 49 i. 5014 Sizes 4916 49 16 57 56 VFFO:$Jg Retail Value: $36 mi m .. m Wealed, relaxed fittrouser. Sizes 28-4Retaa Value. $32 MITIAL FINDS Bid Ask AmCapComstock 17.4019 02 Am Cap Pace FD Am Cap Venture Eaton Vance Muni Ke stone 4 13.46 14.28 19.31 20.49 10.06 10.06 4.77 4.77 KestoncB2 16.43 11.44 16.43 11.44 Keystone Tax E Oppcn Special 26.09 27.68 OppenHighY. 13.90 5 mm h . 14.59 21.59 22.91 18 83 19.98 9 49 10.07 Pioneer Fund PioiKerll Putnam Voager Templelon World Tenipleton Global 15.97 16.94 7.78 8.25 Bid Back-To-Scho- ol Fashion Shows! August 8 & 15. 1PM 3 PM Come in fcir ijivai pries & fWM J iiu ludinn Sail take Tra)XTs tickils. Back-To-Scho- Fair SPECIAL PORTFOLIOS Option Income Equil Growth Intl. Equity Di Strategic Tax Exempt High Inc. Bond & pl Spelling Bee! MigiiNt2I.10AM-5P- Ask 00 15.00 18.87 IK 87 15.52 15.52 15 8 61 17.94 8.61 17.94 11.25 11.25 SHEARSON GROUP 6t ... Ask Bid 70 20.74 10.33 10.37 19 ManugcdGoM High Yield Managed Muni Precious Metals 1 Hurry in for all the big brand names you trust in styles that last and a '"r f i 1:I1.:J.. iook great, ror Dig I'J kius, uuie wus, ine wnuie laiimy, nurry 10 VF Factory Outlet and go back to school for 12 the price. Because only VT Factory Outlet has all the brands for 12 the bucks. l9'i 19 . SHEARSON nn II 'A Pub. Serv N. Mcx Smith's Food&Drug Savin Bus. Much. 744 7.19 7.57 23.93 25.19 inLMimDraierJT 13.06 13.75 13 99 14.73 16 4? 17.34 13 AllTheBrands,l2TheBucks. 69 14 41 Prmidn1tuThel)all HrraW 0(Klt CIK n n rt o.2 1 X. i 29 16 52 9- 0.3 which had jumped sharply the month before, and the third decline this year in food prices. "The only good news we have been receiving on the economy has been inflation, which is coming down to levels that many people alive today have not seen," said Bruce Steinberg, an economist at Merrill Lynch in New York. The Labor Department said the July rise in its Consumer Price Index was the best showing since a similar 0.1 percent advance in May. Prices had risen 0.3 percent 264- -4 w: J3M.M 88 9- 37- 4- 0.4 iimiEiB) toTfo8n8 56 29 25 USX Wash. Watcr&Power WalMart 1 35 19 4144 K)WJ)NKSAVKRM.hS VOLUME l7h.7MI.OWI MuMtwIs SVs 35 56 Ovidctilal Pel. 384 two-wee- 9 43 8 43 2 Larson-Davi- 69,-00- 1 16)4 9'A 43 Vs 21 Puh.Su-.ofColo- - The WASHINGTON (AP) number of Americans filing claims for unemployment compensation, after surging by the largest amount in a decade, fell by a similarly huge 66,000 in the latest reporting week, the government said today. The big decrease for the week ending Aug. 1, which pushed total claims down to 403,000, was the sharpest improvement in 13 years, 0 but it followed an increase of in the preceding week. Analysts said the wide swings were the shutresult of a company-wid- e down by General Motors. k shutdown at the The end of July is likely to roil the weekly unemployment claims reports for at least another week, analysts said. 1 Open CUic 39 39'b 30 30 36Ve 357 22 M 22 28 28 43 'A 43 Iomega 2444 47 53 12) I6'b Commodore Int Eastman Kodak Geneva Steel Gen. Tel. & Elce. Hercules Inc. Intl. Bus. Much. Kansas Gas&Elee. Fred Meyer Marriott Merrill Lynch McDonalds Ohio Edison 4 14 424 48 For flnUhed good Seasonally adjusted chanps from prior month i 3K9.K6l-l.U6- , Gl.al ' 417.78(1. AlhcrtMins Abbott American Stores Am. Exp. Avnet AT&T Boise Case. Growth 12. ) fall by 66,000 during the same time Wednesday. The market was inundated with important economic reports, all of which pointed to favorable trends. The Labor Department reported the number of unemployment claims for the week ended Aug. . declined sharply, down 66,000. Retail sales rose 0.5 percent in July, a figure much better than expected. Strong department stores sales figured into the rise. On the inflation front, consumer prices edged up a small 0. percent in July. Leading the list of actively traded stocks was General Motors, up Ve at 37 U, followed by Gap Inc., up Vs at 31 !4 ; Ohio Edison, up Vi at 22; Phelps Dodge, down Vk at 46 Va ; Exxon, down Ve at 63 V ; and Limited, unchanged at 2. NEW YORK STOCK EXCHANGE Appreciation Fndmntl Value AmI 'chninf AufuM 1249.62 434 UCarb UnElec UnPac t ZenithE ... 4 144 S74 WstgEI Weyerh Woiwth Xerox ... 2844 32 38 20 Varian WalMart WarnL ... 33Vi USWst USXMar USXUSS Unisys Unocal - NEW YORK (AP) Stock prices were mixed today even though the government released several positive economic reports. The Dow Jones average of 30 industrials, which initially moved higher following the morning's reports, was down 4.59 at 3,316.24 in the first 2 of trading. But in the broader market, advancing issues outnumbered declines by a slim margin on the New York Stock Exchange, with 790 up, 707 down, and 667 unchanged. Big Board volume was light, with 83. 15 million shares changing hands as of noon on Wall Street, against volume of 79.24 million S&PIndcx5(K) S&PlndcxIUO - Jobless claims Prices mixed despite reports Transponalion NEW YORK (AP) Thursday's noon New York Stock Exchange selected prices: Producer price index to increase spending. The small advance in consumer prices last month was credited to a moderation in energy prices, AP Photo j'-W- e Consumer cating that consumers, worried about job prospects, are reluctant ne - - prices edged up by a minuscule 0. 1 percent in July as the weak economy continued to keep a lid on inflation, the government said today. Analysts called the inflation rein the dark port the silver-linin- g cloud of a weak economy. They noted that a separate report showed that retail sales fell by 0.3 percent in June and managed only a modest 0.5 percent rebound in July, indi- high-octa- C'SALT LAKE CITY (AP) US West is prepared to put managers in the trenches if the company and itif union don't agree to a new three-yecontract by Saturday's midnight deadline. Deadlock is a strong possibility, ssHd Gail Metcalf, executive vice president for the Communication Workers of America Local 7704 here. ' Company and union negotiators, who have been talking in Denver since June 15, have not yet talked about wages, pensions and ether issues workers are willing to Strike over, Metcalf said. have a long way to go," She said. "I don't believe it can all - m.m urn a-- . tts Stock Last Chg AMK 584 Albtsn 184 Jlean 554 AiaSgnl mi im gtefeg Dally Herald" high-octa- un..wi ....v. ..... ,1, B) ShrarMM ltunan BnHhrrn An Anwriran Kxprrns Company it Boys stzM 4 7 only. Stm and Student sizes slightly higher. B--K (8336) Mr hi 10-9- . Sal 10-- Sim 12-- 5 |