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Show Page 10—THE HERALD. Provo. Utah, Wednesday, January9, 1980 Commerce: int Whatis happening in the stock markets and the business world Market Quotes Squibb US Steel Utah Power & Lt OVER THE COUNTER Tuesday, January 8, 1980 30 Industrials +19 71, #51 7! 2% Transport +3.02, 253.17 15 Utilities +1.08, 108.59 Amer Resource Mgmt AMERICAN STOCK EXCHANGE aa oe Dee oe Com ore laa ts 35% 31% mney Sav & Loan 8: 84 Federal Reserve 9% Frontier Airlines 9 nial Giant Yellowknife 17ky 16% 0 American Stores 25% 25% 33.33 6% 8'2 127 Arstchs akee lercules Inc Holiday Inns McDonalds re 28% ‘4 21% 17 17% 43% 43! Pioneer Fund Putnam Investors Putnam Growth Windsor Fund ‘Mtn. Fuel Supply 27% 27% L.A. Bond Debent 17% 18% ML. High Income 30% 32! %% 25% Savin Bus. Mach and Domestic gold prices in dol- 7. 23.50. >5 ge AbbottLab 1 40 34 up 34 ‘AdmMill 20 43-8 ‘AlcanAl 2.40 50 5-8 up 7-8 RCACp1.60 23 7-8 up 1 5-8 RepuSteel 2 28 up 11-2 Reynids Ind 34 up 1-2 ReynMt 2.20 36 18 up 11-2 Robrtsn1.90 30 7-8 up1 1-4 Rockwil 2.60 85 up 3 Ronson Cp 3 1-2 perCp .90 10 5-8 RoylD 5.53b 77 1-4 up 3-8 fwStr 2.60 34 1-2 off 1-2 StJMnrl 1.40 37 up 18 StRegisPa 2 30 14 up 34 15.92 15.65 15.76 15.66 : 90 16.00 15.77 15.88 15.83 Paris (free market) 601.4 up Settlement prices on close and 16.54 1723 13.10. 10.29 11 Frankfurt 614.34 off 18.01 10.82 1167 Zurich 610.00 off 15.00 724 7.91 Bene eee Ne tee ugar No. 11 open interest Peau 1747 19.09 Handyand Harman 610.00 off B-id; N-Nominal 814 8 00. NEW YORK (UPI 1200 1311 Engelhard. base price for ,,NEW — HUE Does 97 9.77 fefining settling and unfabricat- 5° Dagar, N12 futures closed 9.78 10.69 ed gold 611.50 off 22.30 ML. Basic Value —-M.O. Special Val Nabisco 1.62 23 up 34 Natl Can 72 23 up 1 14 NtWDistl 1.89 30 3-8 1-2 NU Gyp 148 21 12off 18 NtlSteel 2.60 30 1-4 up 1-8 NCR Cp 1.60 70 1-2up 23-4 NiagMo Lat 13 $4 L Inds 1.20 34 14 off 1-4 lorfkW 1.92 27 off 38 NoNatGas 3 54 NoStPw 2.28 23 1-8 up 1-8 Northrp 1.80 49 1-8 up 114 NwstAirl .80 28 1-8 up 38 NwBep 1.32 25 3-4 up 34 Olin Corp 117 7-8 up 118 OutbrdM .70 15 1-8 up 12 CF 1.20 30 34 up 18 Owenlll 1.26 20 1-2 up 14 PacG E 2.44 22 34 off 14 PacPL 2.06 18 14 up 14 Pan Am Air 5 7-8 up 14 Penney 1.76 26 up 5-8 PennPL 2.04 18 1-4 il 43 5-8 up 58 PepsiCo 1.14 25 Pfizer 1.32 40 5-8 up 158 Phil Mo 1.25 33 5-8 off 1-8 PhilPet 1.40 48 1-4 up 1 Polaroid 1 27 1-4 up 134 PPGindus 2 28 7-8 ProctGl 3.40 78 3-4 1-2 PuS Col1.60 13 58 1-4 Pullmn 1.80 40 1-4 up 13-8 Ralston .58 11 $-8 up $4 Raytheon 2 73 3-4 up 1-2 eAnien NEW YORK(UPI) — Foreign 31° '342 16.01 1875 15.86 1575 ‘Ask ! OMAHA (UPI) — Livestock: 872 9.08 ounce ; Sears 1.2Ra 18 3-8 up 38 ShellOil 2.40 54 3-4 up 11-2 Smithkl 1.44 61 3-4 up 1 34 SoCal E 2.72 24 1-4 off 1-8 SouthCo 1.54 12 SoPacif 2.60 33 5-8 off 3-4 ry Cp 1.56 50 1-8 up 1 3-8 St Brnd 1.48 29 3-8 up 11-2 StdOCal 3.20 54 5-8 up 38 Std Oillnd 2 77 1-2 up 1 StoklyV 1.48 26 1-2 up 1 SunshnM .40 31 off 434 Teledyne 8k 145 7-8 up 7 1-8 Te 38 up 114 Tennco 2.40 39 3-8 up 7-8 Texaco 2.16 28 3-8 up 38 TexasInst 2 95 3-4 up 958 TexPcl, 45b 86 Textron 1.80 27 3-4 off 5-8 TimkenCo3 51 1-2 up 78 Trnsam 1.12 16 7-8 up 14 Trans W Cp 17 $4 up 1 1-8 ‘TriCon 2.07b 20 up 1-8 ‘Tw CF 1.40a 42 1-2 up 15-8 UAL Inc 1 23 up 78 UnCarbide 3.42 1-4 up 1 Un Blec 1.44 12 1-4 up 1-4 UnOCal 1.30 44 1-2 up 11-8 Un Pac 2.80 69 off 25-8 Uniroyl Ine 4 off 1-8 UtBrnd 05d 12 up 5-8 US Gyp 2.40 31 34 USStee! 1.60 21 1-4 up 3 1-8 Utd Teh 2.20 49 3-8 up 5-8 Utd Tel 1.52 19 1-8 Upjohn 1.72 46 3-4 up 1-4 UV Indust 28 1-2 up 14 Walgrn 1.50 $2 off 1-2 Wa Wtr 2.08 19 1-2 off 1-8 WsBane 1.64 32 up 1-2 WUnion 1.40 21 1-4 up 1-2 Westh El .97 21 1-2 up 118 WhingStl 1b 18 3-4 up 158 White Motor6 7-8 up 5-8 Woolwh 1.60 24 1-4 up 14 Xerox 2.40 63 38 up 412 Zenith R 60 978 up 38 rices Estimated sales CHICAGO (UPI) ~ Bulk sell Weekend trade fairly active Monday trade at a standstill siaughler steers about steady with Prices paid to delivery Deion B01 higher; Cattle and Calves 6,200; steers Feeder Cattle 751.25 lower, instances 1.50 (42,000 Ib; cents per Ib) Jan lower; heifers 50-75 lower. in8390 8285 8377 8257 432, Mar 8480 stances 1.00 lower; cows fully 50 lower; choice 1000-1275 Ib steers 0067.25, few consignments 67.50; mixed good and choice 5 25-66 50; part load choice 1050 Ib heifers 67.00; choice 900-1075 lb 65.00-86.25; mixed good and choice 64.0065.25; utility and commercial cows 45.50-48.00. Cutter 43.9046.50. NEW YORK (UPI) — Latest metal market prices as quoted Tuesday by the American Metal Market, authoritative metals publication Aes prim rimary, 9.5 per centplus pure 50 ingots B.| N-] coat ing 66.00- B-Bid; N-Nominal minimum 9.00 ‘Antimony, domestic, refined in alloy, 200,00-200.02 ¢ Ib. Copper, electrolytic, delivered US. 111.625-113.25 c Ib Lead, common, US. primary producers 50,005.00 c Ib.; U.S. ton primary (secondary) proINTERMOUNTAIN STOCK EXCHANGE ducers 52.00-55.00 c Ib ium, 99.8 per cent, in- Bristol Silver Gee Ger got 109.00 ¢ Ib. Chief Consolidated Mines $8 $8, Manganese, 99.9 per cent box- ClaytonSilver Mines ed regular 00 cb. Combined Metals, Inc N12 Mercury, $960.00-8380.00 76 Ib. Comet Coaltiion Mines 110120 ask. ‘omstocl 1 3.50 4.00 Nickel, electrolytic cathodes, Com. Tel. Inc. 055 .07 fob. Port Colborne, Ont.. $3.25 Croff Oil Co 4 46 b Crown Point Cons. Mining 250 325 Palladium, N.Y. Am. Met Mkt. Dragon Cons. Mining 72% dealer $189.00-$192.00 per troy East Utah Mining Co 82 1.00 ounce. 105 1.15 Platinum, soft, 99.5 fine 100 110 producer $420.00; dealer- Exxcel 5.25 5.75 approx., $760.00-775.00 per troy Gold Chain Mining 4045 ounce. Great Western Mines 43 50 Steel, No. 1 heavy melt scrap Justheim Petroleum 825 875 — Pittsburgh $100.00-102.00 per isiana Pacific Res 40 50 ton (consumer buying price); Mammoth Mining Co 4.87 5.25 ‘Am. Met. Mkt. composite scrap New Quincy Mining 17 25 price $99.66 per ton. North Lily Mining 1.90 2.00 Tin, N.Y. Am. Met. Mkt, ex- Park City Cons. Mines 2 65 dock 769.00 ¢ Ib. Park Premier Mining 10 14 Tin, N.Y. Am. Met. Mkt. al- Petro-Silver Inc. 9 11 loyer price 822.75 I b. Prince Cons. Mining 13 15 Tungsten powder (H-Red). 98.8 0 5.00 550 per cent minimum pure $13.90 South Standard Mining 3.24 362 per Standard Metals Corp 19.37 19.75 Zine, prime western, U.S. 37.50 Telatrans 15 c of eggs as reported by feedlot and range sales Monday 6747 6797 6897 13356 Apr 7090 6997 6997 7147 3892 Jun 7200 7157 7157 (36,000 Ib; cents per 4700 4470 470 4517 4530 4717 2048 May 4620 4675 4875 910 Butter and Eggs NORTH SALT LAKE(UPI) — Idaho Utah and eastem Nevada 300; slaughter lambs choice some prime shorn lambs95-115 1b Friday's close. heifers poorly tested, steady Slaughter steers Good to mostly choice 3 few 4 1 0501 200 Ib 67 00 67.50 Slaughter heifers Couple loads ae mostly choice 3 950-975 Ib 6 Feeder cattle: 1.00 higher mixed medium and large frame1 750 Ib. steers 7.00 FOB; load 825, Ib. 77.00 delivered: several lots mixed medium and largeframe 1 700725 Ib. heifers 70.00; all out growing lot. 3-4 percent shrink immediate delivery. ——— 70.00; wooled same weight and ceipts: Cattle 2,500; hogs 1,200. Prices to retailers (Grade 4 in cartons delivered): extra large 66-68; large 644-65 um 61% to @. Grain Prices DENVER (UPI) — Nograin bids Monday apparently be. cause of PresidentCarter's embargo on grain sales to the Soviet nion ~ OGDEN (UPI) — Union. 1980. Answers to census questions are entirely confidential. McGee said, and the survey forms are burned after responses are tabulated. The confidentiality factor is important because some people are afraid they may lose welfare status or be subject to other action by answering the questions, he said. Hesaid 20 percent of Salt Lake City's householdswill receive a long form Local Over the Counter... ‘Tintic Mineral Res. United Park City Mines ; 3235 5.12 5.50 2s Utah Cons. Mining Mill Utah-Wyoming Cons. Oil 212 2.50 BROWNSECURITIES Big Piney 70.80 Billings Energy 13.50. 15,00 Cameo 18 21 Classic 3.12 3.37 Crested Butte 1.00 10.25 Corn Dog 118137 Falcon 417 Gold Venture 04.05 Hiko Bell 50-62 Horizon 325 3.75 January 5 06 Manhatten 5 07 Int. Leasure 175. 2.00 Minerals West Mtn. Sts, Res. 81 94 Nordic 35 45 Paiute 1.62 1.87 Parlay 5.75 6.25 Ruby Mining 125 1.37 Spearhead 1121.25 Stansbury 50.62 Tuma 04.05 U.S. Energy 2950 30.50 Uni-Trade 20 30 Valtek 125 8.25 $7,500. TMENT IN FO EIGN CURREN GROSS ETRY AA CALL COLLECT SALT LAKE (801) 364-4692 r FORB ES & BRA DSTREETINC. FOREIGN CURRENCY DEALERS Railroads Merger Planned By UP and Missouri Pacific NEW YORK(UPI) — Two of the country’s biggest railroads, the Union Pacific and the Missouri Pacific, announced Tuesday their directors have approved a merger. The terms announced would indicate a deal involving around $1.1 billion in Union Pacific stock. It is proposed to exchange0.55 shares of Union Pacific commonand 0.275 shares of a new $7.25 commulative annual dividend preferred conver- tible into common on a share-for-share basis for FreptM 1.20 62 Frhauf 2.40 27 14 up 1-4 GATX Cp 2 36 58 up 58 GnDyn 1.20 69 up 14 Gn Elec 2.80 54 5-8 up 17-8 Gen Foods 2 33 38 GnMot 4.60a $1 3-8 up GenlPort .80 14 58 off 1-8 GTE2722 20 2 34 up 1-8 30 2 1-2 up 2 72.25 34 up 34 h 1.44 2up 78 Goodyr 1.30 13 1-8 up 38 Great A&P 7 34 Gryhnd 1.04 14 1-4 Gulf Oil 2.25 34 14 up 14 Holly Sugar 50 up 14 Hmstk 1.40a 53 34 off 2 1-2 Honyw! 2.60 85 up 4 Horizon Cp 7 off 14 Houstin 2.68 29 1-2 up 5-8 IC Inds 1.84 23 14 Idaho P 2.40 22 58 up 14 IdealBa 1.60 22 1-2 off 38 IncoLtd 40a 241-2 up 12 Ing Rnd 3.16 50 7-8 InlndStl 2.80 $3 14 up 1 IBM Cp 3.44 67 38 up 414 IntHary 2.50 36 1-4 up 1 IntPapr 220-97 1-2 up 1 IntlT&T 2.40 26 5-8 JohnMv 1.92 24 14 up 38 Kennett 1.40 $4 $4 up 1-8 KeMcG 1.55 68 14 up 1 38 K mart 84 24 up 1-4 KnightRi .70 25 off 1-2 Kopprs 1 Kral 3.20 47 12 off 1-2 each share of Missouri Pacific. Union Pacific stock wasselling for $72 a share when the merger pri | was announced. Missouri Pacific has about 15.76 million common shares outstanding. The mergerproposal must be approved by the Interstate Commerce Commission and by shareholders and is subject to favorable federal tax rulings. Because of its size and complexity, the deal would take a long time to put through. Traditional large rail mergers usually generate opposition and usually prolonged litigation. Chairman James H. Evans of Union Pacific and Chairman Downing B. Jenks of Missouri Pacific said the prime purpose of the proposal was to merge the railroad operations but they said it also would contribute to the better developmentof the two companies’ energy and natural resources business by bringing Missouri Pacific large natural gas pipeline and gas exploration production business into the Union Pacific family. Union Pacific has rich oil properties. It owns outright Champlin Petroleum, a large integrated oil company, and also owns Rock Mountain Energy Co., which with its subsidiaries has more than 10 billion tons of coal reserves and producing coal mines. The Union Pacific was the first railroad to cross the continent to California in the mid-19th century. It operates 9.412 miles of trackage and has some 27,500 workers. Its 1978 railroad revenues were $1.47 billion. The parent Union Pacific Corp. eared $5.91 a share in thefirst nine months of 1979, up from $3.68 a year employees. Missouri Pacific, based in St. Louis, had revenuesof $1.53 billion for 1978. The railroad accounted for $1.13 billion of this and it had 21,165 employees. It operates 11,50) miles of track in the Southwest, Midwest and Prairie states. nuary Special| J LIMIT 1 ROOM SOIL REPELLANT WITH CLEANING SPECIAL & s BES *Purniture Moving “Color Brighte *100% Money Back Guarantee *Commercial (Special Rates) Carpet Care Tell Your Friends About Changing Central Utah: Don’t Miss this Great Once-A-Year Special Edition Every regular subscriber will receive a copy of PROGRESS ‘80 on Sunday, extra copies which will be available over the counter at 50° each or mailed anywhere in the United States for just $1.25. You'll wantto tell your friends about the growing Central Utah area. Any businessorindustryii ter i locating in our area should re ive a copy. Make list right now. Mail them yourself or we will doit for you. This very special paperis one you will wantto save for years to come. $ 2 ROOMS FEBRUARY 24th February 24th. Because this is a very special, once-a-year edition, we will print STEAM CARPET CLEANING Any No grain bids Monday apparently be. boargoon grain sales to the Soviet cause of President Carter's em- Bureau Seeks 600 Workers 1.50-3.00 lower; SALT LAKE CITY (UPI) — U.S. Census grade 67.00. are lookWednesday Estimates: cattle Bureauofficials Meee Denver Produce 8. and calves 3500; hogs 5500: ing for about 600 Open High Low Close Prev. employees to help them 300. DENVER (UPI) — Potatoes far 17.65B 17.90 17.90 17.95 Tuesday:: Market steady.100 Ib. conduct the once-per17 washed U.S. No. iA unless decade survey in Utah May 17.70B 18.10 18.10 18.15 ‘sacks otherwise stated. Colorado Joliet Livestock this year. 18.07 Jly 17.75B 17.98 18. Leonard McGee, Sep 18.00B 18.38 18.38 18.39 18.45 JOLIET,Ili. (UPI) — Lives- census coordinator in 73N 18.79 Alar 18.77N 18.83 Cattie sales insufficient to es- Utah,said testing of job applicants will begin Settlement prices on close issets 1G-0z. minimum tablish a market. and previous Hogs 900;trade fair; barrows Wednesday. He said 12.00-12.10, few 1: '3.5014.50; 50 Ib. Domestic Sugar No. 12 open carton 60s 7.95, 70s 7.%-8.50, 80sabout 99-percent of the interest: 6,852 up 1-2 210-250 Ibs. 39.50-40.00; state's population will be Domestic Sugar No. 12 cash 7.%, few 9.25. North Dakota No. No. 1-3 200-250 Ibs. 39.00-39.50. price 17.80 Round Reds 243% inch Wedi Inesday's advance re- surveyed by the end of per troy meeTunes mi to 6 points 1€2 1210 ounce. Selling price, fabricated {9¥er y. 10.29 1072 gold 682.90 off 28.08 per troy oe Closing Stocks ‘Tuesday's Closing Prices By United Press International Mar 15.40 15.64 15.35 15.46 15.38 th 445 925 MLL. Capital Mass. Inv. Growth Mass. Inv. Trust 9% 10 New Perspective Northwest Energy 1 Petro price for fabricated silver of 2B 801 864 lars per troy ounce Tuesday. ee ee eS 843 9. London ue) sai 15.95N 15.83 1401 1531 Morning fixing 615.75 off 17.75. tee 15.95 16.03 15.94 1677 1677 Afternoon fixing 610.00 off [*4, 9 B 16.14 16.00 16.00 % 6% Invest Co. of Amer m Boise Cascade Braniff Air OmahaLivestock Feedlot Sales NEW YORK (UPI) — Handy 13 14 §35.438 off $2.854 MUTUAL FUNDS Fundamental Inv. Chicago Merc NEW YORK (UPI) — Sugar CHICAGO (UPI) — Closing No il futures closed 55 to 12 range of meat futures traded on the Chicago Mercantile Ex37 37% aeerutan orescear oraleerneans ae change Tuesday 1% 124 $3.05 "taaar eet ; 2M 2% Prud Federal Affiliated Fund Chemical Fund Dreyfus Fidelity Fund Sugar Prices Wiz 20 Engelhard quoted asilver base tbs.; cents per Ibe 1% IS price of $88.75 olf $305 and a Open High Low ree Tosco Corporation Zion's ist Natl New Park 21% 21% Syntek 42% 43% Grand Central 8 8% NEW YORKSTOCK EXCHANGE Gen. Refractories And Gold e 65 Stocks +594, 9205 ivestock and Produce Silver 37 38% 184 21 IT Thy zp ag DOW JONES AVERAGES MR. BUSINESSMAN: You andyourfirm will want to be represented in PROGRESS "80. If you haven't already reserved space for your advertisement, call 373-5050 and to: THE DAILY HERALD ask for the a dvertising manage An exper inced tising expert will eas ad: P.O. Box 717 Provo, Utah 8460 Yes, | would like to know how my firm can best be represented in the coming special issue of PROGRESS indy coupon. "80. Please have ona of your representatives phone ___ or see me in person (dat! e) . signed to help ye Or, if you prefer, use this ha Name $$ 224-1445 BRING OR Lae Sit]eee Senior Citizens 10% Off ibaeke (aoltTels City ____ State ___. Zip _— Viso & Masier Charge Accepted acen RnA EO Firm ——___ Phone Number____—_ |