| OCR Text |
Show THE THUNDERBIRD MONDAY College stocks affected by recent crash BY JULIE percent of the college's total investments." Southwick also said, "The stock market really has no direct impact on the college because the dividend yield hasn't been affected." "All we lost was the paper gain that we had on the books," said Southwick. SUSC's biggest loss was just on paper, about 30 percent of profits. Paper profits do not affect the yield. The stocks cannot be cashed in until 1998, a stipulation of American Stores Company donation agreement, according to Southwick. SUSC's other significant stocks include Southern Company, Utah Power and Light Company, American Electric Power Company, Exxon Corp. and General Electric. According to Southwick, the bulk of investments is in Cash Management Funds which account for 95.4 percent, endowment funds account for 1.9 percent, U.S. Treasury Bills account for 1.7 percent, and Notes Receivable account for 1 percent. "There was really nothing that we could do as far as protecting ourselves," Southwick said. "Certainly, we had a lot of people concerned," said Southwick. "They were checking to see if there was any impact on us, but, according to Southwick, right now there is not a significant impact on SUSC." COOK SUSC had some stocks involved in the recent stock market chaos. "Fortunately, there was very little effect on the college," said Paul Southwick, executive vice president for financial affairs. According to Southwick, SUSC has investments in stocks, but these stocks are primarily in endowment funds. The stocks were given to SUSC by donors. SUSC's largest holding is in American Stores Company which was given to the college by the Skaggs Company, specifically to fund scholarships. The American Stores Company stock is a restricted stock; therefore, the college cannot dispose of the stock until after 1998. Monday, Oct. 19, known as the Monday Massacre, was the largest single drop since 1929. The Dow Jones average plunged more than 500 points in that single day. Southwick said, "It (the stock market) has been up and down, each day, for the last week. Hopefully it's stabilizing, but no one knows for sure. "Overall, the market drop just has had no measurable impact on our income," said Southwick. "The impact was only on the endowment fund, which accounts for about two yo-yoi- TENNEY Stacey Buchanan. The maximum gate charge is $1.50 unless a live band is playing and then the price is set by the club sponsoring the dance. Dance rules include no alcohol, tobacco, drugs, obscenities, etc. Also, an adviser must be present during the entire dance or a $25 fee will be charged to the sponsoring group. Other things brought up were reminders that 0 is November is National Art Month. Nov. 1 is National International Week and Nov. Nurses Week. The next meeting will be two weeks from Thursday. Club and organization presidents met Thursday to discuss club activities. Topics covered were the club carnival, which will be held Nov. 16; the fight song competition, with final judging Nov. 21; and Cedar City's birthday celebration on Nov. 11. Also discussed were ASSLJSC's dance requirements. All dances must be held in the Great Hall with exceptions approved only through the oltice of ASSUSC Administrative Vice President (05 FI PACE 7 Qi) ME) SELlI TUESDAY 4:00 P.M. STUDENT CENTER CONFERENCE ROOM. NEW MEMBERS WILL BE ESTATICALLY EMBRACED. SWEATERS PP2 Vs Ask attendant on duty for details. COIN-O- LAUNDRY P 1117 NORTH MAIN STREET, CEDAR CITY. -- WITH THIS COUPO- 586-140- 5 N- DRY CLEANERS, INC. 9 West C enter Street ( ed.ir ( ih, tnh 84720 681 aSEH23.I2y?,T23&225S22ract Phnnp (801) 888 It' NOVEMBER SPECIAL ALL REGULAR SWEATERS "TYT1 . 3.1 xrTTS'i? - 3 15-2- 7TT'tr t1'?- "yyygiv"' --1 HI 15-2- f t e SHUT THE DOOR! 2, 1987 FIGHT FOR YOUR FUTURE Club presidents go over dance guidelines BY VERONICA NOVEMBER fj ' if,., V K, (Reg. $3.op) ,r Pi . it J Ur. ( ,r . rc C POP ROCK JAZZ NEWWAVE NEW AGE EASY LISTENING COUNTRY BLUEGRASS SOUNDTRACKS CLASSICAL The LDSSA presents 197 WEST 650 SOUTH CEDAR CITY; UTAH 586-047- 8 OPEN; MONDAY THRU FRIDAY 10:00 A.M. 9:00 P.M. SATURDAY 10:00 A.M. 6:00 P.M. coupon f SOUTHEHN UTAH "rjiftJ t 1 vJ r. pH rib AT THE INSTITUTE W' HOSPITALITY T IIS LIGEITHCUSS ?? ! 7 C" A SATURDAY, NOV. 7TH CONCERT 8:00 P.M. STATE SAFETY INSPECTION FOR w A tmrirnnrn t5 t h'.Ulr ?I2 C3, CEDAR CITY, UTAH MUST BE 21 I.D. RQUIRED Regularly $10.. No. 11s month. (34 ton pick-up- s Tickets may be purchased are due this extra.) Tires. Must present coupon. Expires November 20, 1987 Good only at South Main Street, Cedar City, Utah 84720 Call Btg-- 721 at the Institute Office. In |
