Show 22 1553 BUSME Farmland value rises third year (jjiar)a?mgdiiiig)fiEiTESj SS3 It mouniaru A week ago the USDA agency cI normal !Oown from $4 from previous year Up 12 Cash hogs and pigs VALLEY FORGE Pa (AP) Cash sheep and lambs £8 receipts 9 receipts $372 $170 million 63 receipts $3 e7jTne©rt 4192 mScn 4£a ill 63 receipts receipt caaft wee? Electric Co and Lockheed Corp announced thousands of job cuts Friday a mosc analysis say is fueled in part by decreases m defense spending GE said it will eliminate about 4200 hourly and salaried jobs over the next two years at five GE Aerospace locations in New York and New Jersey Lockheed based in Calabasas Calif plans to lay off 2750 workers in its division including about 2000 in Southern California The job cuts which had been expected were the second big round of aerospace layofis in as many days to hit Southern California On Thursday McDonnell Douglas Corp said it will eliminate 3000 jobs at its Long Beach-base- d Douglas Aircraft unit this summer to reduce the plane-buildi- - Up 2 itik production year Potato stocks t1333 1st qt 1533 Apr 238 mH lbs v 1st qt 1323 835 mil cwt 274m8fcs rSmttfCMMiet from previous year j Down f 0 I Cheese production ' " FfQzm prQ&idlz Apr 1 1323 92 6 ml cwt 1 s Atfwy-Mvo- Up 8 from previous Up 1 9 from predoos year from previous year US American 26 fruiter? fcs Swiss ice cream 13 $hefbet Source DepgrVnem SumlweCxaminw grapftc -- from 23 16 ' Amar 19 ration ts ftyuwysf -- 1 7 Safes 23 Ksnirw Sa-xf9- -£ reported that farmland values nationally rose 4 percent averaging $693 per acre as of Jas I up flora a revised average of $667 a year earlier Hexem said revisions were made in slate and national farmland values as a result of the 1987 census of agriculture These revisions based on the census information collected every five years are part of the agency’s regular longstanding procedure he said Despite the recent upturn in farmland values — which indude fro® "63 land and buildings — the Jan 1 1990 national average of $692 per acre was still 16 percent below the record of $823 per acre in 1982 Hexem said estimates were developed from an “opinion survey" of farmers and ranchers about land values in their counties The figures are not based on actual sales of farmland The Jan I land values in the Belt showed only a 2 per- cent increase from a year earlier a 1 percent dip in Ohio NYSE trading this week and a 4 percent increase in Mis- souri “I would have expected the percentage increase fin the Corn Be 'i to be higher than the survey indicated" Hexem said Lower soybean prices probably had a dampening effect be said Pockets of drought still exist in the western Corn Belt and northern plains n States estimates can vary ly and often show much greater mover enu than the national ures Hexem said great-Cor- Activity 2850 ng costs of jet aircraft production at the money losing division "The basic reason for the reductions is we're looking at cuts in the defense budget" said Wendy Abramowiu an analyst for Argus Research Corp in New York “If they keep all those people they will be expending money and will not have the same amount coming in" Steven Binder an analyst at Bear Sterns and Co in New York said the job cuts are "reflective of future defense cuts and spending" "During recent years the Defense Department has had to cut procurement and research and development Gt’s cuts stem in pan from efforts to reorganize its aerospace defense businesses so the company can remain successful despite a shrinking market and increased competition -- West closes one office OGDEN — US West s customer payment center at 2279 Washington Bbd closed permanently Friday as part of a companywide program said US West spokesman Duane Cooke Three employees were affected by the closure Two were transferred to Salt Lake City offices and the third retired he said US West and Smith's have come to an agreement that allows customers to make payments at Smith's customer sers ice counters at selected stores C ustomers can pay all or part of their bills including deposits Customers who have a copy of their bJ and want to pay the full amount may pay at these ZCMI stores: R Ogden City Mai R Layton Hills Mail Smith's stores during regular customer service booth hours he said Negotiations are under way to set up additional Smith's locations ZCMI stores in Ogden and Layton base long accepted customer payments and will continue to do so cost-cuttin- IWtonal AancuHurui Statistic Servic g( ApnouHune -G- eneral t287rn normal istt-a- c WASHINGTON years" 62 rscaipts $255 mt'jzn 63 rscsptt 72 normal State ayaraga 67 thousands of jobs Cash carJe and cakes waler year lor Utah Predictions for 1990 not out yet (AP) — Farmland aluet nationally rose jn 1989 for the third straight tear and may go up again in 1990' but the Agriculture Department isn't sajing much about this year’s prospects Roger Hesem of the department's Economic Research Service says the agency's 1990 forecast will be issued later this spring There are always uncertainties about farmland prices and this year is a bit more complicated than usual he said Weather and general economic conditions are the usual concerns And ibis year Congress is slowly grinding out a new farm bill that will set national agricultural policy for the neat five years Some of that will bear on federal price supports for key commodities such as wheat com and cotton Export subsidies research and marketing programs also enter into decisions on whether to buy or sell farmland Hexem said the current multinational negotiations under the General Agreement on Tariffs and Trade are other unknowns that could influente land price movements But the USDA economist said Thursday in a telephone interview that the average increase of farmland values in each of the last three years was a little more than 4 percent which “pretty much tracked the rate of inflation" during the same period “I'm not 6aying that's going to happen (jb 1990) " Hexem said “But that's been kind of the historical trend over the last three GE Lockheed to cut Highlight of Utah agricultural production and conditions: 1 7A I Hoar that th Ogden Customer Service office has dosed US West payment (including partial or ful payments and deposits) w3 be accepted at these Smith's stores: S 4275 Harrison B!vd Ogdon R 1 425 Hamson Elvsf Ogden g and restoral charges R 129 at the S Main St Bngham C4y bWfuC&liutfri'r a'AfCtC Dow Jones Range NEW VOK APJ - Th tolieerm me Xenee over the past 30 trading days ewe s hue Oow pyereges ler week ended Apr 27 trOCKAVCRACSS Lee Chg Free HW nd 266667 2676 58 264606 2645 0- 5- SO Tr 141 36 141 36 M2820 1128 67 UH 4X7 20567 20661 20372 203 72 6SS4 98653 98864 977 32 977 32 29 range P Ur N Utah stocks (Prices as of Friday close MST) Price Change 2800 Nucor Steel Core PacrfiCore Parker Menu (Bar J Questar Sente Fe-S- P Smith's Foot! & Urns YhiokolCorp Union Pacrtic 'VHl (AmSusaO Waste Management W 2Pe — — — 2 34 20 e 26 'a I’ 'it — So — V — Is — 4a - We — 4 ted asked ' I 151 1 v 08 — 4 35 Westhse (West Zw First security Iomega Vernon OrenOWet (Pillsbury) WestOne Zion Utah Bancors 20 Bode 2750 UNIS Indue M'it 22 (5 4 4'it 8 8V 18 18 23 28 24 29 II 1224 ML— 2171 23784- Sl 17 V8 196- 582 til Price Funds: Oravth 1527 16694- ML-- - NEre 1563 28 50 NL- - N Wore 41 91 NL Putnam Fends: Orolnc Milne a MiVId HYdtlp Incom 4172 42X44- - 67- 88 82 02 83 9 36 10 8- 411 10 41 904- 914- 8 31 56X3 Sheareen Lehman Muttan: SvSecl 01 - - IN 90 4 SplEot 2WS Century Orwth Select LISGv ill United Fends: hicom 03 Sl 82 yst Vang Vanguard frroup: Welhn Wndsr 04 43 20 10 09 10 0- 912 0 12 70 Tempieton Creep' 781 Oiouei II Sl an 1320 Wndtt 1634 34 97 N- L- 982 NL— NL 06 05 82 01 17 2600 2650 1 2600 19 90 03 577 631 611 16 50 42 56 4387 NL N- LN- L- 14425 132 91 133 (API —The leMowing achy etocke Based m he dollar oolume The total is Based on the median price t eox traded multiplied By the eharas vaded Flame TeKSHM)Salethdsl Last 8 00 48 21 8 77-- 899 57- NEW VOC tsi of ft rrou 54 NL 87 9X6 9039 9030 9 39 943-1- X2 163 83 II 8 It -- 9 4 863 COMMODtTVFUrUflfSiNOfX 134 08 2700 2650 Gwth4 9X6 -- Most active stocks Mutual Funds Michelet frreop: Nch U Pioneer Fund: Fund WHMVCtAOEl 02 02 2450 MI WT F IS UTWJf UtWfV'Mrttlfl Mliilf 28 Mwch 2 Apt S 1 M 21 f WTF y |