Show 8B Standard-Examin- Monday April 5 1982 er Stocks and mutual funds NEW YORK (AP) — ' The stock market was mixed today leveling off after the rally of the ‘ past three weeks The Dow Jones aver-- - age of 30 industrials up more than 40 points mid-Marc- from ' h through Friday’s close slipped back 134 to 30 MartM Masco MaseyF MayDS Maytg McDrm McDnld McDnD McGEd McGrH $192 76 170 2a 180 1 124 2 188 2 204 280 128 Melville Merck Gainers held a narrow lead over losers in the Merrly mid-da- y MMM 20 MesaPt MidSUt tally of New 166 320 228 MinPl York Stock Exchange-liste- d issues Peoples Energy led the active list up Ya at A 125 Marriot Mead 83723 by noontime 8 192 180 Manvill MAPCO MarMid 9 99 13— Vi 8 150 29H— 5 36 22— Ve 12 255 37— 5 646 27 s V 10 172 34 2Ve 77 V 6 87 27 Ve 10 19 26 5 253 23 10 265 67— 8 1328 35 V2 6 120 30 13 34 49 5 27 21Va 9 336 45Va 14 181 74 5 356 27Ve— 10 234 15Ve— Ve 5 423 13V4— Ve 10 1646 54Ve— 7 65 20Vs— Ve From 440 miles high satellite keeps watch on worlds forests By LeROY POPE UPI Business Writer NEW YORK (UPI) — Satellite mapping has given a bit of new meaning to the old gag about not being able to see the forest for the trees Scientists have discovered it’s tronomical Barker said St Regis said it expects satellite professional management of primonitoring and mapping to provide vately owned timberlands particuabsolute proof that the United larly in the southern states easier to detect disease in forest trees from a satellite 440 miles up 500000-shar- e block traded at 8 Ya The NYSE’s composite index dropped 11 to 6611 At the American in the skies then by walking among the trees on the ground — N—N — Instruments aboard the satellite measure energy given off by the hidden decay going on in the trees which may look perfectly healthy to the naked eye Satellites that can do this regularly will be put in orbit this year or in 1983 This was discovered in a joint project of St Regis Paper Co the National Aeronautics & Space Administration and Purdue Universi Stock Exchange the market value index was off 59 at 26427 volume Opening-hou- r on the Big Board totaled 2182 million shares at noontime The saving in money and time in States really is facing a major crisis of timberland depletion and comparison with conventional ground timber surveying is as- must resort to a great expansion of ' NEW YORK (AP) —Midday national prices for New York Stock Exchange ty St Regis uses satellites to monitor two and a half million acres of forests in Florida Georgia Mississippi Louisiana Alabama and Texas Other paper and timber companies also use aerial satellites to measure their forests and increasingly are using them to monitor the condition of the trees Using satellites to map the shifting area of forests in wet and dry seasons has been going on for some time NASA the United Nations and countries along the Sahel the fragile green belt on the southern edge of the Sahara desert in Africa get data from a satellite that pinpoint the most stable grazing and planting areas of the Sahel as they change The nomadic tribes who live in that part of the world then are advised by local officials where the best vegetation is and are moved to g these areas This prevents and overplanting and slows the desert’s relentless growth towards the Gulf of Guinea area of the Atlantic Satellite mapping and monitoring is widely used also for spreading flood and forest fire alarms in many parts of the world and for making detailed maps that will serve as guides for the best use of land resources For St Regis and other corporate and government users the most difficult part of satellite mapping and monitoring projects is on the ground training the computer to analyze properly the data the instruments in the satellite collect said Bob Barker manager of St Regis’s Forest Resources Information System If you accomplish that you can get marvelous results said Bud Goodrich a St Regis expert in image processing He said he stuck his neck out by saying a green area on a slide projection from a satellite photo was thick pine and that it would yield 35 cords oi4 more wood to the acre “When we made a land inspection we found we were right on the nose’’ he said The satellite covers the earth in a corkscrew rotation scanning the same path once every 18 days thus making up to 20 complete sets of photos a year subject to cloud conditions at a cost of fractions of a penny an acre The satellites already in orbit can measure energy reflections sufficiently to distinguish evergreens from hardwoods and soybeans from corn The next group not only will detect disease in vegetation but insect infestations not to mention remote fires that can’t be detected by the eye from an over-grazin- Northern Utah index Chmpln ChamSp ChartCo Chart wt Chase 143 10 71 16 80 10 143 1 129 1 20 184 340 5 383 57 7— VeVe 7— 3 Commodity listings Gold NEW YORK (UPI) — Foreign and Domestic gold prices quoted in dollars per troy ounce Monday: London Morning fixing 33600 up 825 Afternoon fixing 33750 up 975 Paris (free market) 33977 up 570 Frankfurt 33651 up 991 Zurich 33750 up 1000 New York Handy and Harman 33750 up 975 base price for refining Engelhard settling and unfa brica ted gold 33750 up 975 per troy ounce Cash grain CHICAGO (AP) — Wheat No 2 hard red winter Monday was quoted) 369n No2 soft red winter 369n Corn No 2 yellow 274Vzn (hopper) Oats No 2 heavy No 1 yellow 645n 229n Soybeans Potatoes CHICAGO (UPI) — Wheat corn and oats were higher and soybeans substantially higher at midmorning Monday on the Chicago Board of Trade to 2 Vs cents Wheat was up 4 oats up 4 corn up 2 Va to 3 across the board and soybeans up 7 Va CHICAGO (AP) - USDA- -i Major potato markets rOB shipping points US 1A Friday 100 lb sacks: Minnesota N Dakota Rounds 450-50- 0 Colorado round reds 800 Wisconsin russets 650 Oregon russets 700-75- 0 Idaho russets 650-75- 0 Colorado rus- 8 cents Prices were higher on the lack of country movement and the invasion of the Falkland Islands by Argentina Open High low Settle Chg CATTLE 40000 Apr Jun Aug 00 Dee Feb I be cents per lb 6952 6995 6930 6935 6740 6760 6697 6705 6387 6397 6330 6337 6240 6260 6195 6200 6272 6290 6252 6252 6265 6280 6250 6280 Apr Prey sales 22726 Prev day's open int 64196 FFEDEt CATTLE cents per lb 42000 lb 6785 Apr 6720 May 6550 Aug 6490 Sep Oct 6420 Nov 6465 Prev soles 1567 Prev day's open int HOGS 30000 Ibe cents Apr Jun Jul Aug —17 —22 —50 —40 —20 6810 6755 6740 6665 6580 6497 6445 6480 9500 6525 6465 6295 up 3036 NEW YORK (UPI) — Handy and Harman Monday quoted silver at $728 per fine ounce up $015 Engelhard Corp quoted a base price for industrial silver of $723 up $015 and a price for fabricated silver products of $779 up $0161 6762 6675 6530 6460 6475 07 -3-1- 0 0 05 05 10 5495 5500 5450 5467 5560 5350 5050 5130 5570 5380 5675 35 28 38 10 5545 5345 5070 5005 5077 5200 5130 5170 int 45124 cents per lb 31000 lbs 7915 7917 —28 -1- 7 67 -4- 0 up 1737 7770 7915 200 May Jul 7810 7825 7890 173 Aug Feb Mar 7600 7695 7520 7640 7330 7440 7300 7307 7390 7390 7385 7375 145 Prev Prev 30000 Apr Jun Jul RUSSET 7742 7500 7537 7475 sales day's -0-0- 3 7 7475 12347 open int 22753 up 1705 BROILERS FRESH Prev 5235 5725 5800 5525 5327 lbs ’ cents per lb 4250 4295 4200 4972 4972 4950 5000 5000 5000 soles day's 4230 4950 60 5000 25 4950 20 23 open int 123 oH 5 POTATOES 80000 lbs cents per lb May Prev day's open int 4 russets -5- 0 0 Wisconsin russets 1550-160- 0 russets 1300-140- 0 Metal prices NEW YORK (UPI) — Latest metal market prices as quoted Monday by the American Metal Market authoritative metals publication: Aluminum primary 995 per cent 50 lb ingots 7600-770- 0 c jolus pure domestic $200 Copper electrolytic refined in alloy delivered US c lb Lead common US primary producc lb US non primary ers 2700-290- 0 c (secondary) producers 2700-320- 0 lb 998 per cent ingot Magnesium 13400 c lb 74625-770- 0 Manganese regular 7000-800- 0 999 per cent boxed c lb 76 lb Mercury $39000-$3950- 0 flask Nickel electrolytic cathodes Port Colborne Ont $329 lb Palladium NY Am MetMkt dealer $6700-$690- 0 per troy ounce Platinum soft 995 fine producer $47500 dealer-appro- x 530700- 30900 per troy ounce Steel No 1 heavy melt scrap — Pittsburgh $7400-760- 0 per gross ton (consumer buying price) Am Met Mkt composite scrap price $7907 per ton Tin NY Am Met Mkt — 61175 c lb fob ex-do- 1570 800-90- 50 Lb cartons: Idaho 1500-160- 0 Washington russets 1600 Colorado Antimony lb Apr Jun Prev sales 15038 Prev dew's open POM MILIES X up 83 per lb 5225 5275 5207 5700 5772 5685 5740 5820 5740 5665 5700 5640 Oct Dee Feb Washington 1350 Oregon Silver M1' 6410 6420 6465 15 10 700 russets Board of trade CHICAGO (AP) — Futures trading on the Chicago Mercantile Exawoe Friday sets Richard E Leicht was re-elect- ed Consumer Credit Executives A chairman of the board of directors graduate of Box Elder High School of the Ogden Government Employ- she has attended Stevens Henager ees Credit Union following its 52nd Business College annual meeting Leicht has served in this capacity since 1976 He is employed by the Forest Service as director of cooperative forestry fire and planning-stat- e and private forestry Merrill Bean of Merrill Bean Chev- rolet was elected to the 1982 Chevrolet Dealer Council for the Salt Lake Zone This zone includes 115 dealers in Utah parts of Idaho Wyoming Nevada and Montana has joined Commerin cial Security Bank as a commerBrigham City has been certified as cial loan officer He is a graduate an Associate Credit Executive of Weber State College with a de(ACE) by the Society of Certified gree in finance Janice Petersen of Wiggins David J Oka & Co Bank elects new director Election of a new director and announcement of a new branch highlighted the annual h shareholders meeting of the Family Bank Elected to the board of directors of the old financial in- 5-y- ear stitution was Dean W Hurst vice president for college relations at Weber State College President James W Brown told sharehol- ders the new branch will be located in a building under construction at 3225 HarDean W Hurst rison with an opening scheduled next fall directors declared a The bank will have 10 percent stock di- four lanes drive-i- n five lobby tellers and automatic teller machine service and be open will Saturdays This will be the third office for the bank The main office is at 21 Harrisville Road which was opened March A 1977 James W Brown board chairman A native of Ogden vidend payable to Hurst has been asshareholders of re- sociated with Weber cord Feb 25 This is State since 1967 He the third consecutive has been president of year the bank has de- the alumni associaclared a 10 percent tion of Weber State stock dividend and Ogden High School and the Ogden Family Bank has assets exceeding $13 Vz Rotary Club million He recently reHurst joins Brown Nick S Vidalakis second branch David B Coats Dee was opened in Roy in Livingood Edward B September of 1980 Rich and Dale C Robertson on the Following the stoc- Family Bank board of kholders meeting the directors Vidalakis is ceived the Weber s State College H Dixon Memorial Award for outstanding service to the college the community and higher education Ald-ou- Business briefs Chicago grain to About People Site prepared for geothermal facility Site preparation has begun for a 20000 kilowatt geothermal electr- icity generating plant in the 12 Roosevelt Hot Springs basin miles northeast of Milford in Southwest Utah The plant is scheduled for completion in the spring of 1984 at a cost of $36 million and is expected to be followed by additional 50000 kilowatt units It will be powered by geothermal steam produced from the hot springs by Phillips Petroleum Co This will be the first geothermal electricity generating facilities in the United States outside of California A 1600 kilowatt well head unit has been operating on a pilot basis since last November Art parlor opens The Art Parlor has opened at 969 28th Owned by Bruce Woollsey the Art Parlor offers mats mountings and a line of ready made frames Oil painting classes will be conducted by Woolsey who has 20 years experience in the profession Agency officials said a contract is expected to be signed soon with Consolidation Coal Co to provide JB’s Big Boy Restaurants has coal for the facility from mines in given $1000 to the American As- Emery County sociation of University Women at Weber State College Donates to college Chapter President Deila Seshachari said the money will go into a scholarship fund to aid married women students who otherwise would have to quit school in their senior year to support husbands The donation was made in con- Approves project The Federal Energy Regulatory Commission has approved construction of the $550 million Trailb-laze- r pipeline between Whitney Canyon in Southwest Wyoming and Neb of the new- Beatrice federal nection with Other agencies have 30 ly remodeled JB’s on Harrison to review the project days e Construction of the pipeline is expected to begin in the I PP late spring with completion next fall The line is designed to transThe sale of between $300 million port natural gas from the Rocky and $600 million in revenue bonds is Mountain region to midwestern scheduled May 21 to help finance and eastern markets construction of the giant InterAmong five partners in the promountain Power Project near Del- ject is Mountain Fuel Resources ta in Southwestern Utah Inc a subsidiary of Mountain Fuel Officials said the size of the sale Supply Co The Utah company will will be determined by market con- operate the Overthrust segditions at the time of the sale The ment between Whitney Canyon maximum issue would bring total northeast of Evanston and Rock of all bond issued for the project to Springs This segment is expected more than $2 billion to cost $622 million re-openi- ng 800-mil- sells bond 88-mi- le r |