Show Standard-Eumm- Friday Apr! 27 1390 ar SB Business Psmsylvaraa LANCASTER Pa (AP) — Robert P Casey today signed the nation’s toughest antitakeover law in hopes of cooling Gov the threat of corporate raiders targeting Penns) Ivania companies The law which took effect im- mediately has been the center of B national debate that pitted leading members of the investment community against state labor ind business provisions are expected to set off ripples in board rooms and legislatures throughout the nation For the first time in any state raiders will be forced to surrenprofits from takeder short-terover attempts The law also clamps down on raider voting rights and establishes protections for labor contracts when corporations change hands Casey said the law puts the in terests of Pennsylvania companies and families above those of corporate deal makers whose motives are rooted in a zeal for profits “Pennsylvania doesn't need any more of the kind of take- m ' Its groups toughest overs which have destroyed communities disrupted families and put thousands of workers out of jobs' Casey said in a statement The law could face an early court challenge Montgomery mates that 90000 jobs were lost ing where the Bdzbcrg family of nationwide over the last decade Canada is waging a proxy fight because of mergers takeovers 'for four board seats The central provision in the and leveraged buyouts law the bill at the requires raiders after a failed city Casey signed council chambers only blocks buyout or proxy fight to forfeit Hostile takeovers have cost from the corporate headquarters any profit made from the sale of Pennsylvania thousands of jobs of Armstrong World Industries the target company’s stock for J8 and the loss of such corporate Inc the floor covering manufacmonths Shareholders who initi'mainstays as Gulf (XI Co which turer that the legislation was first ate proxy fights could avoid sancclosed its headquarters in Pitts- drafted to protect tions in most cares providing Its enactment comes three days they don't intend to take control burgh after it was merged with esti- - before Armstrong's annual meet Chevron OiL The AFL-CIof the corporation County lawyer Richard - Greenfield who represents shareholders in fights against corporate officials said he would file a suit as soon as Casey signed the legis-latioa O Tobacco Quarterly earnings Domes Group $29 million last year — a March 31 were up 22 percent to more than $4877 million compared to almost $39925 million during the same time in the 1989 fiscal year Net income per share was 32 cents compared to 29 cents for the first quarter of 1989 the company said Smith's a regional supermarket chain operates 93 stores in eight Intermountain and southwestern states to Vw Starxterd-Expmma- From earned $10 million or 17 cents per share for the first quarter of 1990 compared with $259 million or 44 cents per share in the same period last year Sales rose to $1 billion from $$S70 million a year earlier rt reflecting contributions from Corp acquired in 1989 Operating income rose 148 percent for the period to $1082 million from $436 million last year “Our higher operating income margin despite a generally sluggish sales environment attests to Black & Decker Black & Decker’s market TOWSON Md (AP) — The strength which has been enBlack & Decker Corp reported hanced by the prod- uct lines acquired from Emhart" Thursday its first quarter-earninfell 614 percent despite a 76 said Nolan D Archibald chairman and chief executive officer percent increase in revenue The company reported it an Ogden native 15 per- cent increase “The company's first quarter re- Barnes Group Inc owner of suits were encouraging as operatOgden's Flameco Inc reports in- ing profits at all three of our creases in net income and sales businesses were up over last for the first quarter of 1990 said Wallace Barnes chairyear" Its aerospace business which man includes Flameco staged a comeback the company said Smith’s “Including the results of FlameSALT LAKE CITY (AP) — co an aerospace parts fabricator Food & Drug Centers Smith’s safes were last October acquired record net income Inc reported first in the 57 percent Cup quarter first quarter of for sales the and Land profits nearly doubled said fiscal the 1990 company ofyear Chairman Wallace Barnes On the whole the company ficials say : noted a sales gain of 10 percent Net income for the quarter was $141 million from SI 29 million nearly SS14 million up 42 perthe first quarter last year Net in- cent from about $57 million a come per common stock share year ago was $37 million compared with Sales for the quarter ending Spaa Jaw anfi-lakeov- er r mind what the CDC is doing over in a field far unrelated to its research" he said “I wouldn’t think of going into AIDS research and making comments based on their numbers" Citing Federal Trade Commission data the CDC said the industry in 1988 spent just over $1 billion on publication and sign advertising or 32 percent of total 48 one working who gives cigarettes to kids — that's in our code of ethics" he said “And if there arc underage people watching tennis on TV they’re watching the ten- - nis" He also criticized the CDC for “grazing in marketing pastures" “There's some question in my Em-ha- ad and promotion expenses while $22 billion or 68 percent went to promotions Trump considering major NEW YORK (AP) — Donald r the Trump Shuttle less thana year after buying the carrier and attaching his name to it “If I got the right offer I Trump whore acquisitions have become legendary said today he has discussed selling or refinanc- would consider selling it" Trump told The Associated Press in a telephone interview Trump denied that his empire faces any cash shortage problems ing virtually every major asset he owns The casino and real estate mogul has hired Merrill Lynch & Co to negotiate a possible sale of high-marg- in gs asset sales Stocks and mutual funds Lr : A powerful expression of personal luxury 1990 Eldoardo 19 14 14 14 AT&T M2 Ametek i64 Amoco 204 AMP Mi Anocmp Anedrk JO Anhtus U 9 35 Jl 14 I AnthnysJ4b ArcftOs W 14 ArcAtsk Armco 40 ArmWI IN Aurco 140 AshOHl 4 7 5 72 II 3893 1242 2477 541 144 144 3243 43 2944 42 404 449 4544 40 13 SOto - CBS 4 40 CIGNA 304 CMS Eng20e CPC 2 CRSS f 12 CSX MO -4- 9to-2t 32' 15 7 14 ' 7 044 CampSp 1 CapCIfi JO CprPw 292 — Carttfw 324 — 301 125 32 35 -3- 9 401 230 450 00 W0 70 387 2742 1509 350 754 I — 111 CaslICk 20 Ceterp 120 14 t CanM J5 CantEn M0 CenSoW 274 CnilPS M4 ClrNw n Ne Chmptn 1 M ChartC JUS Own 240 94 10 14 10 13 ChrvsirlJO 11 45 Circle 140 9205 179 11 50 555 4- Gold ornamentation package enhancing the refined elegance of the exterior Special leather seats offering extraordinary riding comfort Full Cabriolet roof providing bold distinctive styling STOCK-- 4 - — 14 7- K — -- I 34- 4- 12- 42- 1- 2121 a ' Albertson's American Greetings Am Stores (Qco) Bernes (Flameco) k braking system Cassette “Bose Radio 94- CBI 55- - 31 4- - 5— 5- 3- 839 d27 - 2592 584 Hculnd296 37 5- 4- to t 1 3 328 d42 7 10 14 510 572 152 702 581 Commodity listings 565 155 880 Silver economic growth £ The Dow Jones average of 30 industrials dropped 1847 to 26581 1 by noontime on i J J Wall Street Losers outnumbered gainers by more than 2 to 1 in nationwide trad-- ! ing of New York Stock issues Exchange-liste- d with 384 up 880 down and 510 unchanged Citicorp dropped 3i to 22 in active trading on word that Standard & Poor's Corp lowered its ratings on most of the bank holding company's debt securities Volume on the Big Board came to 7128 million shares at noon time Metals - The bullion LONDON (AP) price (or silver Friday In the London market wot 84 940 a troy ounce compared with 84 960 Thursday Gold Selected world sold prices Friday: London morning fixing: S37140 eft SO 20 Cash grain III SPRINGFIELD (AP) -Truck and rail bids for pram delivered to Chicago Quotations from the USDA represent bids from terminal olovalors processors mills and merchandisers otter 1J0 pm Central time Thu Wed No 2 Soft wheal 4 02 4 03 No I 26 6 09 No 2 Yellow soybeans 6 No 2 Yellow Corn 2 86p2 $4 Yellow Corn 2 80o278 Board of Trade CHICAGO (AP) - Future! trading on tne Mercantile Chicago Exchange Thursday: Settle Lew Hieh Cht Open CATTLI 4000 tosj cents per to -- 25 Jon 73 0 7 73 ) 7 77 57 72 40 7447 ESI Wed 71 20 71 30 7345 7372 7400 7440 74 45 74 07 74 55 75 00 74 50 74 90 sales 14 555 Wad sales 'I ooen Ini 9 174 Otf 137 - 07 17 J3 40 45 21554 MiDER CATTLS 44000 fcv cents per to 84 30 84 17 14 75 Apr 81 70 81 )0 1140 8130 8140 II 25 1150 HIS 155 1145 40 11 40 84 27 81 4? - us NEW YORK (AP) Soot metal prices Thursday Aluminum 7200 per pound NY Comex spot month Thu J13H0 a pound US Copper destinations Cooper 13500 cents per pound NY Comex spot month Thu Lend 45 cents a pound Zinc - 83 conls a pound delivered Tm - n a (Metals Week composite price per lb ) Gold - $37140 Hondy & Harman (only dally quote) Gold - $370 50 per troy oi NY Comex spot month Thu Sliver - 44 945 Handy Harman (only dally auote) SHvar 84 913 per troy oi NY Comex spot month Thu Mercury $280 per 74 to desk New York Platinum - 8478 troy oi N Y (contract) 90 Platinum $473 NY Merc spot per troy oi Thu nq-n- ot quoted na-n- ot I POCATELLO 1147 08 25 03 H67 -1- 3 8147 IM0 11 70 -- 15 -- 4S 090 8090 1090 Etl tales 1597 Wed I sties 2J41 59 5910 May Wad'8 salts Wed 00 't open 4 951 mt 15784 off 277 43 J7 37 55 30 4? 40 45 25 22 35 - J3 24 471 - - Idaho Range and Feedlot port: slaughter steprs 1150-12- slaughter 00-8- 2 00 23- 194 3- Re- 17 44 752 7 m 10 114 25843 16 445 398 to to 58- 5 45 32 17 3082 1437 41 349 326 4025 3 4- -- 14 II 234 5— 31745 2- heifers 138 425- tender heif- 1471 774 274 4)0 X450 785 754 Harley Harris 94 HectaM 05e Hetnt t J4 Hercuk Hrthty 2 24 78 10 31 17 Hmtlke JO 17 11 19 27 Honyrek 275 13 normals J4 17 HewtPk Hilton I J2 573- 2- to to to - 40- J- 700-80- 0 lb 78 feeder Holstein steers no quote slaughter lb 72 75-Holstein sleers 1200-1400 slaughter lambs no quote feeder lambs no quote to to to 1- 42 1253 65 29)6 16 319 270 1949 30to to 56- - 1 -- Henley (Jetwev) Hercules Holnam (IdealB) Raiston (Wonder) KeyCorp - NCto - to NC NC - )tototo 4 k 20 Kellogg 1 92 KerrMc 1 32 KlmbCI 2 72 KnghIR M2 Kroger 18 409 15 194 64- 12 444 44 370 10 10 AKtanca Cap: Alian p Amar Capital: Facep J4C NC j — — — — to to 'to to to 1- to 1- to to Leerni 48 Lebmn !79e LIHv S 144 LfncNII 240 Litton Lockhd 140 Loews I LnSter ULCo 1 LaLand 1 La Pec 1 Lukans 140 412 298 lOto 1 i- - to 77 7- 497 9 7- - 137 -l- 143 - to - to MCA 48 MDU U2 MtrHen 3J8 Many MAPCO 1 21 1131 54-- lto II 34 4 38 1- 9- 351 341 31 Merrlot J8 MertM M5 Masco 42 Maxut 16 7 14 1 12 17 13 15 37 78 489 24 678 10 1153 4- 440 14 151 2- H) 7 772 13 30 049 5- 10 to to 19 - 24 Monten 340e Hi Yld HYdllP Incom Shear son Lehman Mutton: 148 1 4GvSect Gwlht 1- 8- 20 9- 04 04 05 02 USGv to — U— UAL 1 U— Co UGI234 40 10- 13 20 13 1009 10 0INVGI 12 70 12 70 SolEa t Templeton Greup: 711 154 Global II 20th Century: Grwth Select 1 3- 71- 151 1018 1731 14 Putnam Funds: Grolnc Hilnc p to to 5- 72- I 7- - - Tito MlnnPL 114 Mobil 7 40 N Era N Horz 9- 0- 2049 MMM292 Price Funds: Grwth - 3- I II II III - 24 44 34 14 II to 33 2011 143 7482 541 98 10 Nicholas Group: Nch II Ptenecr Fund: Fund 7to to 90 3- 7- to 4492 d27 — 1 2177 4- 0- 4758 538 554 554 534 15 Bond 8- I -- FdSce Mutual Series: Qualtd Shares National Funds: to 01- M- -M Basic Cap VS 32 107 13 4- - Valt to 470- 5- 1 MarriN Lynch: 4- 7- to 503 173 3876 31 - 161 MWE 144 1 2800 437 4- 9 J7 Mainstay Funds: GovPI t unavail 1 15 12 10 1079 20 Jl 23 J6 2479 AHiltd 17- 437 t 0- lto 5J5 537 CusS4l Lord Abbeft: 21 349 12 CusS3 20 2- Thurs- J 34- 24 33 5 4- - American Ponds: 03 1942 2040 AMutlp 03 1379 1443 Wshe Dreyfus: 7 A Bond 13 03 N- LLevee 1503 1574 Jl Funds: Ever preen 03 Evg-- n 1M0 NL Fkteftty Invest: Fidel Magln Purlin Kavstotw: 19 25- 390 1425 Mertvn 1is 9 NEW YORK (APT day's Mutual Funds 391 to 47 llto — 5(44 107to — 1 004 5- 8to 423 U61 1117 49to — to 157 2- 3- ketyln 17 to to 9 I- 16 4- 09- 52 31 15 14- 492 437 42 42- KCSou 108 KenGE 172 KentPL 140 91? 4- - Itoto 54 175 90 17 7- 47 7 9 $20 5- 1673 118 2786 U44 789 3749 i- 412 to 20 ?- II I- 2- 52 23 14 marl 172 kaneb 4- 13 31- 1- 17 1? MevDS 1 SI Maytag 90a Me Deri 1 31 McDnt McDnO 2 12 McGrH 2 14 McktS 144 Mead I Mellon 140 Metvite 142 MercSI 97 Merck 180 9K 348 1147 16 14 11 J2 024- 35 42 14 15 VlLTV - 2843 162 1489 6- to 30 339 2204 4M I 1 H- 5- to — 32 1- 44 34- - 39to 9- 26 2452 178 11 431 9 IBM 4J4 IntFlev 214 IntMin 1 IMPap 148 Ippco 180 to -J- -J -Js- to acobs S 3- to JRiver 40 JohnJn M4 to Jos ten 72 341- 35 INCO 1 InserRd 120 (ikdStl 1X0 Ini Ike 6 0- lb -LIVESTOCK AUCTION Welstr Livestock Company on Thursday Utility end commercial cows 44 4 50 heavy leaders 0 70 50 Item feeders 101 00-11 00 00 slocker feeders 84 light holtteln feeder steers 75 00- 93 00 heavy holsieln feeder steers 4500-7- 4 00 holtteln springer honors no auote baby calvot (Burley) 5 00 per head tel lambs no auote utility end commercial bulls 00 heavy feeder hellers 55 8 71 00-7- 8 00 light feeder belters 4 50-00 slocker hellers 77 OO- 94 00 slock cows with calves 00 pelr dairy (Burley) 740 00-1cows (Burtev) 75 4 00 weenor no lambs no taoder quote pies quote to 94- 534- 741 3919 275 173 91 lb 78 75 feeder steers 81 5 482 455 - 00 3 1- 24 OGDEN White wheat 320 (down 15) barley 5 00 (steady) 14 percent spring 3 55 (down 3) 11 percent winter 375 (down 3) PORTLAND White wheat 3 51 (down 9) barley HO 00-- 1 12 00 14 percent to 1) down (steady spring 4 29 (down 1) 11 percent winter 4 34 (up 3) CALDWELL White wheal no quote barley no quote LA barley 410 (steady) 79 3i 3- 13 -I- Ogden grain 750800 lb Wed ' open lot 13501 up 94 HOGS 3000 tHu Cents per to Jun 4740 4375 4730 4315 Jut 67 00 4740 4110 42 17 Aue 59 75 40 15 59 67 40 07 Oct 57 80 43 50 57 70 53 37 Dec 52 05 52 45 51 95 5? 30 Feb 50 40 50 95 50 40 50 9? Aar 47 65 41 10 47 65 4100 Jun 5010 5100 5080 5105 EsI sates 9071 Wed 's teles 9423 Wed ‘t ooen Ini 40558 up 443 POPK BELLIES 40900 Ibtu entt per to May 43 00 44 30 43 70 43 70 Jul 44 15 4490 43 55 4427 Au 4740 4375 47 00 42 72 Fab 58 75 51 80 58 00 50 47 Idaho (AP) - 0 2- i- grain and livestock report tor Friday While wheal POCATELLO 2 97 (down 11) barley 4 75 14 percent epring 3 75 (steady) (down 4) 11 ptreunt winter 379 (uo I) 25-4- 523 1- 3- daho Farm Bureau Intermountaki ers - ---- 134 Market report 1000-11- 71 4 73 85 - toto EmElePecChr)r39 Geneva Steel — IRT s 114 ITT Cp 140 ktehoP 1 84 IllPowr 1TW40 iciejaa on to — i Ketliiw 1 Houslnt 2 14 - 42 — 1— data to to 41 279 Stock prices lapsed into a broad decline today as traders studied the latest (Matrix) 23 to — — 19 iiitjliioqflttvyy 'ilMriilfellr ':fji odiiffi Human 104 NEW YORK (AP) — 31 50 Morton International 37 Nucor Sisal Com ——62 20 PacHICorp Parker Hahn (Bar) -- 28 to 34 Quostar Sente Fe-S- P ———20 Smith's Food Drug 26 r 3955 Market at noon -- 54 32 45 29 Cam Soup (P Farm) MIFMMf (UMMILM - Price Chang - Borden- Kimberly-Clar- W 34 11- devMST) Aluminum lace wheels Other available options: Automatic daynight mirror Anti-loc- “The Only Way To Travel Is The Cadillac Style" 0- 23 4- - New Cadillac Bring in this ad for 50 gal Free Gas with the purchase of any 29 17 3- Includes: TO CHOOSE FROM! NOW IN 3- 4 Ml - 15 91 1- 12- 49 1958 943 W77 158 347 4508 1 31 142 140 57 01 48 20 3 Chevm 210 Chiquta 40 ChrisCr 1 411 ClrCtvi 29 45 7 Chm6nk272 Citicorp 17 ClarkE 183 44 2 015 Caesar 23 444 484 942 331 Spring Special Edition Edition Spring special v to UNCtnc USFG 292 10 11 23 934 150 II 3- 151 544 4 2- - 2 Vine United Funds: Incom Vang Vanguard Greup: 5- Weiltn 7- Wndsr Wndsll - 16 50 12 54 13 87 NL N- L- 02 N- L- J2 |