Show 12C Standard-Examin- Saturday Oct 21 1989 er MU B9 Business briefs Zions Bancorporation reports on 3rd quarter Special to the Standard Examiner SLT LAKE CITY — Zions Bancorporation has seen a profit for the third quarter after experiencing a loss during the same period last year percent the week before Freddie Mac said Leftucv head: James Sorenson forms TV Special fo the Ortngu Regular lerge ground beef $146 lb 43 at"-- :: Scents 4 3 cents! YORK (AP) — Call it opportunity or ghpulish economics but the killer California NEW 1 dozen h fiww asraaaaftffBrtnidl -- ' 87cents- NV ' $114 — WASHINGTON (AP) home mortgages are currently averaging 992 percent according to a national survey released Friday by the Federal Fixed-rat- e Home Loan Mortgage Corp That rate was down from a rate of 995 percent last week adjustable rate mortgages lenders were asking an average initial rate of 858 percent this week down from 860 ar 1 -- v v vXs V- v V ' ftlracla Whip salad dressing 1lb cent Whole Sun frozen OJ 5 02 55 V' Chicken ' Scents V s ' 32 cents sss SS s s ' frozen grade A 127 lb 1 cent' change vs Total cost of Kerns per county: No yN's V VvNyl " by Friday hires new news director KUER FM KUER FM 90 has hired Derek Marquis as news director the company announced this week Marquis was the afternoon drive news anchor for KSL-ARadio He was also managing News and for KBYU-Fassociate producer of the PBS Source: Utah State University Cooperative Extension Service Standard-Examine- “Africans: program Other Voices” r graphic Shares of homebuilders cement makers and lumber companies got a big boost from the quake Some large insurance companies also benefited on the hunch that they would be able to use the opportunity to raise rates A few leading Wall Street brokerages were touting Georgia-Pacifi- c and Willamette Industries for example as opportunities in what The Wall Street Journal described as “the best Inc plays” plywood ke post-qua- That may sound horrifying and repugnant but many economists say such a reaction misses the point They argue that the quick response by investors is part of the efficiency that makes the American economy function smoothly Some even contend that profound calamities like earthquakes and hurricanes actually boost overall economic growth over a long period of time by creating an enormous demand for goods and services in afflicted areas A few suggested the earthquake helped stabilize the wobbly US market stock “The initial impact is a drain on the growth rate of the economy” said Thomas F Carpenter director of economics for ASB Capital Management a Washington investment concern Past week on Wall Street proved a pleasant surprise M ed-ito- ry in motorists dead crushed cars under a toppled freeway the dispassionate market strategists of stocks and bonds were busy reckoning which companies would benefit from demand for reconstruction and an outpouring of federal aid Damage estimates surpassed $4 billion 28 cents -- earthquake of 1989 has aroused enthusiasm among investors and speculators as a new source of multibillion dollar profits The 69 Richter scale temblor that heaved the San Francisco Bay area this past week was by far the worst to hit the region since the Great Quake of 1906 and was the third major natural disaster to befall the country in weeks Parts of the South still are cleaning up from two big hurricanes Almost immediately after the quake collapsed buildings and en- tombed Turkey'' lb' 85 fiv $3J?1 ’ T'' S SSS V Frozen fish fillets'' unbreaded ' cut-u- p ry w : r 4 cents " IqtSIW 46 cepts Blue v Bonnet margarine ' 59 lb "" m mortgages average 992 percent 9 cents v Wonder "t white ' breed loaf three-mont- h comedy-murder-myste- I MSBmEHmbmk Investors analyze disaster market S V- nine-mont- one-ye- V 4 cents three-mont- On - r Salt Lake City businessman James Sorenson has formed an Zions reported net income of independent film and television $11408000 for the production company with filmperiod and $5382000 for the maker Lyman Dayton and finanh cial executive Eric Epperson period ended Sept 30 That compares with a net loss Sorenson in September took h back a $15 million donation to of $5587000 for the period and a loss of $8433000 the University of Utah when offifor the period in cials would not rename the Uni1988 versity Medical School after him Chairman Roy W Simmons He most recently made the said profitability for the company Forbes 400 list of the country's rihas improved and Zions continchest people Sorenson’s new company ues to strengthen its balance Producsheet This is reflected in the detions Inc clining amount of nonaccrual began principal loans and nonperforming assets photography this week for its first feature “The Dream Machine” and the increased level of allowon location in Salt Lake ance for loan losses he said The company's principal subThe movie featuring teen film Bank Zions National star Cory Haim is a sidiary about a freshcompleted the sale of $47104000 man college student who discovin installment loans in September ers the body of a stranger in his Zions Bancorporation is a bank Porsche — a gift the victim’s wife holding company and Zions Bank has 75 branches throughout Utah Filming will continue in Salt Lake through November Fixed-rat- e nine-mont- n- lb 58 company Standard-Examine- Quake shakes up the economy Average price of Items In stores In Box Elder Davis Morgan Weber and Cache counties Survey done Oct 20 1989: NEW YORK (AP) — Although the financial storm that many feared never struck Wall Street analysts still aren’t sure the stock market is headed for clear sailing in the weeks and months ahead To government regulators securities industry officials and just about anyone else with a stake in g of the market the the week provided a pleasant past surprise As the workweek began Monday the Street was braced for a well-bein- IMABKeHREROB U NYSE trading this week points Dow Jones range NEW YORK (AP) - The following gives the range of the closing Dow Jones averages for the week ended Oct 20STOCK AVER AGES First High Low Last Chg over the past 30 trading days Activity possible replay of the crash of 1987 following the “Friday the 13th massacre” in which the Dow Jones industrial average fell 190 N Utah index 11988 268914 263873 268914 265738 Ind Trn 49 23 1304 23 1230 80 1230 00-- 175 2173 21548 213 97 21548 3 52 05 103158 1031 58 1014 35 1020 88-- 15 1304 Utl 6SS1 BONDAVERAGES -- 00 3043 -0 COMMODITYFUTURESINDEX 12962 - 0 25 12875 13025 12875 93 00 93 95 92 06 20 Bnds Utils Indus 93 93 92 00 95 06 92 76 93 73 79 92 68 93 53 91 79 17 91 Most active stocks NEW YORK (AP) -- The following is a list of the most active stocks based on the dollar volume The total Is based on the median price of the stock traded multiplied by the shares traded Name Tot(51000)Sales(hds) Last UAL Corp $2099148 106286 16B"a IBM $1419863 139888 104' AMR Corp $1058205 137877 70”a PhilMors 207302 444 $878442 Amer T8T 175990 434 $728158 109’a 65041 $675613 CompaqCpt BristMvSq Disney DowChem MTWTF MTWTF MTWTF MTWTF 11 IB 25 NEW YORK (AP) New York Slock Exchange Iradino for the week selected issues-Lis- t includes annual dividend (x) ratio (PE) shares traded in hundreds (Hds) high for week (High) low for week (Low) dosing price Friday (Last) and price change since previous week's close (Chg) CPC CRSS CSX Oct CMfXa 1 BO S 24 AP 24 1 Caesar CampSp 92 CaoCils 20 CarPw 284 CarlHw 25167 1335 12 2887 11 1010 15 554 18 14605 15 9991 14 10799 12 5327 18343 CastICk 70 Cental si 24a CenlEn 60 CenSoW 260 CnllPS 1 80 Caterp 1 Chmpln 10 ChartC 05e Chase 236 ChmBnk 13 11 2 72 Chevrn 2 80 ChrisCr 1 561 Chryslr I 20 CirdeK 14i CirCtv S 00 Citicorp 1 62 ClarkE Clorox 21 19 13 16 10 14 24 1 Coastal 40 9 36 CocaCI ColgP 1 80 ColGas 2 CmOEn 1 7 CnStor s 1 19 2 60 CIDeta Cooper 1 Comln t SO CrevRs CwnCrk CumEn 220 CurlW 1 60 t DOE 128 DaneCp 140 DtieGn DeytHd 1 12 Deere 140 DetiaAr 20a DeiEd 68 3 Holiday Disney 48 DomRs 320 Dover 72 DowCh 390 DowCh an Dow ins 72 Ores r 1 duPont 420 DukeP 3 12 lit Hmsike 20 2 Edn 70 EKCO EmrsE 1 12 Enron 240 Envch 40 Entergy 1 Emvt 48 E'W Bmw 14x1315 Bnwi nl -C- -t CBS 440 CKNA 29 cms e cnwjo I M At -- 4 1387 inn ss 7852 73407 43J 15 dis 47 74 43 Pi 704 4 34 1 ! a 40 3' 27 45s A A 1 1 JP? 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