Show 12A Standard-Examin- Saturday er May 19 1990 First thrift panel session reaches few conclusions Milk’s future is Averaga price of Items and change from last month Survey done In five N Utah stores May 19: Lettuce head in BST 41 Orange Regular large ground beef $149 lb 47 lb lb 4 cents 9 8 cents cents Hormone could boost production Egg large' 1 60 18 DALLAS — Kurt AverhofF sees the future and the future is BST The letters stand for bovine somatotropin a growth hormone in price-depressi- University of Wisconsin study concluded last fall that if of US dairy cents -- Wonder white bread loaf $1X5 Vj lb -- 16 cents 14 10 cents cents IMP Whip salad dressing MtC 8 cents ' Blue Bonnet margarine unchanged Wide Sun Frozen fish ' ' fillets unbreaded frozen OJ60Z 76 to $2X8 to 70 22 cents S:! ! Miracle' -- Chicken 39 cents Round steak $2X7 lb cut-u- p $1X5 lb grade A 91 5 cents '' Turkey frozen 24 cents lb - 10 cents Total cost of Items per county: Weber Davis Box Elder Morgan " ' Cache ng A 25 percent dozen M Dallas Morning News cows that when injected in synthetic form could boost milk production by up to 20 percent It also spells the potential for the most explosive and complex biotechnology issue yet to confront agriculture Four chemical companies that have developed BST products are seeking commercial approval from the Food and Drug Administration which surprised many observers three weeks ago when it said the agency would delay any decision on the drug Meanwhile the dm is growing louder from some farm and consumer groups that fear harmful effects of the growth stimulant on animals and humans a glut of milk supplies and further decline in small family-owne- d dairy operations Proponents argue that since BST already is produced naturally in cows it doesn’t pose a health threat By KRISTINE M LOOSLEY Standard-Examine- produc- ers use synthetic BST initially milk prices could dip by 50 cents per hundredweight — enough for the remaining 75 percent of producers to lose $100 million a year Source: Utah State University Cooperative Extension Service r staff SALT LAKE CITY — The problem: Get two dozen lawyers to agree on how to proceed in a $100 million lawsuit Without a judge The solution: Have another meeting That’s the closest thing to a consensus reached by the Utah Thrifts Pane! at its first meeting Friday Created by vague legislation in 1988 in the midst of a roiling political debate the panel’s role and mission is unclear Panel Chairman William Black said he wants input from the lawyers — representing dozens of potential clients — on what the role is or should be “We’re trying to decide the nature of the creature” Black said What is clear is that before the 1 5000 people who lost money in Utah’s thrift crisis of 1986 can have their day in court they must make their case to the screening panel That was decided by the Utah Legislature in 1988 as a condition to the state buying peace in an lawsuit out-of-co- Standard-Examin- graphic want to overly legalize this but just to kick the tires on whether these are legitimate claims’ — William Black 1 don’t The hangup Friday was what standards should be used in determining if the depositors can go on to court and how stringent those standards should be The potential defendants in the case — dozens ot thrift owners managers lawyers and accountants — obviously want very stringent standards so only the worthiest ol claims can go on to a judge The plaintiffs — the depositors — want to make sure they don’t have to prove more than what the Legislature intended them to prove to the panel “I don’t want to overly legalize this but just to kick the tires on whether these are legitimate claims” said Black a nationally recognized expert on savings and loan failures and general counsel to a regional office of the federal S&L supervisor The personable red-head- ed Black injected levity into the sometimes ponderous proceedings Friday suggesting he wants to get the panel’s job done quickly and with the least amount of legal maneuverings He said he wants to protect all the clients from paying lawyers for sitting in on lengthy meetings No formal actions were taken by the panel Friday The attorney general’s office suggested the panelists engage separate counsel and that the counselor help finalize operating plans and procedures The panel didn’t even go so far as to make itself complete by formally appointing a third member though nominee Henry S Brock participated in the meeting Brock said he wants to be sure he’ll be insured for his actions before he takes the job being offered to him by Black and fellow panelist Curtis Hoskins Hoskins and Black were chosen by Gov Norm Bangerter Court will decide how many ‘o’s’ make a ‘Moo’ unique LUBBOCK Texas (AP) — Is “Moo” too close to “Mooo?” That’s what a state court is being asked to decide in a suit filed by Lubbock restaurant operator Yet Inc against its parent chain Georgia-base- d Western Sizzlin’ Inc Yet which operates two Bob York’s Western Sizzlin’ restaurants filed suit against Western Sizzlin’ charging that the chain has begun using “Moo” on a number of advertising properties Attorneys for Yet claimed in the suit filed Wednesday that the firm created the “Mooo” slogan in 1984 and has used it on a variety of company materials including Mooo saddles for children to sit in Mooo horns to wear and Mooonues from which to order Mooo meals Children who take a table manners course from Mr Mooo (who travels in a Mooo Mobile that is parked in the “Mooo-Corral”) receive a degree from Mooo U K Activity designation for its own “Moo U” (for the company’s restaurant management training center) ” (for a payroll program for its restaurant services) and Moo News (a company newsletter) “Moo-Lah- The suit alleges that Western Sizzlin’ dropped an “o” from the Lubbock slogan and illegally ap MSBKEiUBEROB NYSE trading this week propriated the similar “Moo” over the past 30 trading days N Utah stocks Dow Jones Range NEW YORK (AP) - The following Dow Jones of gives the the dosing averages for the week ended May 18 STOCKAVERAGES First High Low Last Chg 18 33 2821 53 2831 71 2819 68 2819 91 Ind 0 17 1)80 65 1)80 65 1171 94 1177 28 Trn 217 12 21724 214 79 2147- 9- 220 Utl 173 1036 18 1036 18 1033 25 1033 25 65St BONDAVERAGES range - 20 BndS Utils Indus 89 74 90 59 88 90 Mutual Funds i i 65 Nucor Steel Corp 22V PacifiCorp ) 29’a Hann Parker (Ber 35 Questar Fe-S- P 20 Santa Smith's Food & Drug 31 10V Thiokol Corp 70 Union Pacific 15 VHI (Am Sugar) 38 Waste Management NC Westhse (West Zlr ) - —IV bid asked NC 14 NC NC NC NC First Security Iomega Kaman GrandMet (Pillsbury WestOne Zions Utah Bancorp ra NEW YORK (API New York Slock Exchange trading for the week selected issues List includes annual dividend (x) ratio (PE) shares traded m hundreds (Hds) high for week (High) low (or week (Low) closing price Friday (Last) and price change since previous week's close (Chg) 72 ) 32 4 7V 20 25 28' 32 4 7 20 25 29 'A mtwtQ Apt MTWTF IS MTWTF 23 MTWTF 30 MTWTF 7 May 91 15 89 15 89 74 90 59 88 85 90 04 91 15 88 94 0 60 0 86 0 34 COMMODITYFUTURESINDEX 13377 ! 90 09 134 33 13310 134 33 0 21 |