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Show Thursday. January 10. 1980. THE HERALD. Provo, Utah—Page 21 Commerce: livestock and Produce Sales of New Single Family Denver Produce Home Plunge in November WASHINGTON (UPI) — Sales of buyers out of the market Furthermore, mortgage lending has Novemberat the steepest pace in near- dried up in manystates that have usury ceilings because financial institutions mortgage interest rates severely refuse to lend money at a loss. Tightness in the mortgage market combined with an economy-widereces. sion anticipated during much of 1980. is expected to curtail housing construction by at least 20 percent over the 1979 level, government and private fore- new, single-family homes plunged in ly a decade as tight credit and record damaged the U.S. housing industry the government reported Wednesday The Commerce Department said sales of new homesdeclined to an annual rate of 604,000 during November. 13.5 percent below October and the lowest numberofsales since June 1976. The 13.5 percent decline was also the largest percentage drop since a 19.1 percent plunge in February 1970, the departmentsaid. Novemberwas thefirst full monthof housing activity since the Federal Reserve Board acted on Oct. 6 to restrict credit in hopes of restraining inflation. The Federal Reserve's action has forced interest rates to record levels. pricing somepotential American home casters have said. The National Association of Home Builders the industry's lobbying representative, has predicted that construction of new homes and apartments willslip to 1.33 million units this year 23 percent below the expected 1979 level of 1.73 million and 34 percentless than the 2.02 million starts in 1978. Housing sales have been on a steady, downward slip since July. The 604,000 sales, on an annualrate in November was the lowest since DENVER (UPI Apples Market steady wisestated Washington USE tra Faney Red Deher 3-16.00 BOs 16.00 1005 1 1400 film bag 12 the Commerce Departmentsaid. Actual sales of new homesdipped to 591,000 in June 1976. 1 0 . Golden Delicious 72s 11.00 Os 1100-11 25. film bag 12 3-tb Red Rome 100s 15 0 ap 100s 13 00 Chel: District Red Delicious 100s Fancy 1400 Idaho Extra Fancy Red Delicious 88s 1475 100s 1625. Golden Delicious 100s 13.25 Colorado U § Extra Fancy Red Delicious 88s 1350. 113s 13.00. Golden Delicious 100s Jonathanfilm bag 12 3-1b 50 loose 2!xinch minimum rmont Extra Fancy Macintosh cello pack 96s 14.00 France Granny Smith 100s 22 00 DENVER (UPI) — Potatoes Wednesday Marketsteady. 100 Ib sacks washed U.S. No. 1A un: 40.000 in November more than 27 per- cent below the October rate The Commerce Department also reported that the medianpriceof a new home in November was $63 800, a 2.2 percent rise from October. However that gain represented only a partial recovery in prices from the 5.6 percent drop between September and October The price situation. by region, was mixed the Commerce Department said. Prices Whilesales prices advanced 16.5 percent in western states and by 14.3 percent in the Northeast, prices dropped by almost 11 percent in the North Central region and by 0.5 percent in the Mixed South. NEW YORK (UPI) — Prices were mixed at the close of the New York Stock Exchange Wednesdayin oneofits most hectic sessions on record. The trading pace was so rapid that the NYSE Carter’s Soviet Embargo Causes Grain Prices to Plunge in Utah OGDEN, Utah (UPI) — Bids for soft white during his 25 years in the Th trading President Carter's em- wheat were cown27 cents business. moratorium did nothelp, bargo on grain sales to per hundred-weight. and “Of course, 17 million the Soviet Union caused no one was willing to bid metric tons of grain has Evans said. “It just some grain prices to on any of the four grades never been dumped on delayed the decline two plunge more than $1 per of red winter wheat the market all at once days."" ushel in Utah when handled by Evans. before, he said. ‘‘I don’t trading resumed WednesEvan said many grain He said he had never believe the president day after a two-day seen prices decline so thought this embargo dealers have elevators moratorium. crammed full of grain muchin onetrading day idea through very well.” “It’s going to get worse,” said Robert P. Evans, who runs Evans Grain in Ogden. ‘There are people out there who are just going to getkilled financially.” DETROIT (UPI) — American con- 8,336,773 U.S.-built cars in 1979. Evans, who buys grain Yet the year ended with a slight upfrom Utah and Idaho sumers bought10.621,271 domestic and farmers and resells it to imported carsin 1979. giving the auto swing, prompting optimistic statefood companies in industry its fifth best year in history. ments from auto executives. who said California and Oregon. But the victory went to the foreign they saw an immediate public response A, Z late Decemberto federalrescue efsaid bids for barley automakers. Wednesday were55 cents While import sales set an all-time forts. hundred-weight lower record for volume and market share. “The good news from the governFran they werebefore the U.S. automakers stumbled through moritorium. A hundred- their worst sales year since the reces- ment on the loan guarantee obviously restored confidence to Chrysler in the weight contains a bit sion of 1975. The five domestic producers, in marketplace,” said Jerry Pyle, more than two bushels of figures released Friday, said they sold Chrysler's sales vice president. barley. Foreign Automakers Grab Victory in ‘79 Car Sales they can’t sell. That. in turn, means farmers can’t sell their crops to the dealers because there is no room in the elevators. No one wanted to buy winter wheat Wednesday because most of the wheatthat Carteris withholding from the Soviets is the wintervariety. said Evans. The price of barley was hit hard because it competes with corn as an animalfeed and much of the embargoed grain is corn, he ded. led. When wheat buying resumes, Evans predicts, point was more than 20 minutes behind actual floor trading. The furious activity diminished toward the close. An imbalanceof orders delayed openings in many issues. Block trades of 100,000 shares or more were sprinkled liberally throughoutthelist. The Dow Jones industrial average brokeits three-day winning streak and shortly before the close was off 1.78 to 849.91. It gained more than 19 points Tuesday, its best single-session pickup in more than 14 months. Advances, ahead of declines from the start, remained in the lead by about two to one among the 1,913 issues on the comfasite tape at 4 p.m. the price of the grain will be 60-80 cents per bushel lowerthan before the em NYSE volume cameto bargo. “And the prices will approximately keep going down. No 65,430,000 shares, one of knows where the bottom the three highest turnovers in NYSE history. will be,”’ he said, AL JEANS *15 KRAZY DAYS MALL WALK Pants & Jeans 15 No 2 yellow corn no Lod No. 2 barley no bid OGDEN(UPL) — Grain prices Vednesday Under 11 protein no bid No. 11 protein no bid No. 12 protein no bid 13 protein no 2 ida No. 2 barley 4.80 cwt. down $5 cents from Friday. Arrivals: 15 cars — 10 wheat, 5 barley. SALE ATHLETICS 24" Bole Leather Ankle Macho Power lrometric Exercises Bell Foundry Iron Barbell Set, 110 Ib. Reg. 565 nama aNes 1 i 88 Rawlings Earl Campbell | Leather Footbal 54" Hag. 514.99, $499,529 510°2516" 24 Leather Football Woe SAV cesieiescern crevareaairs Recetey Chrome WopS53Weicn Bench 44" Margrace . Bullworker Il Mig. SAS icrraansceeey oars sre 12° Bolen 30 Running Shoe RegS3 eer 16" ;12 18" Tiger Enduro Ransion Shoe KeepeTennis Shoes Mens &,padies Reg.519, : 4a Reg. ‘50 ...39% Reg. 60 .....49%* Reg. ‘65 ... 5a" MISCELLANEOUS ; 1 gs Values to $37.50 Water Skis Entire Stock Pacific DL 105 Sh shell Reloader 25% 59% FISHING 34" 24" Daiwa Mini Cast It Spincast Rod & Reel Outfit Reg. 540 Daiwa Mini-Cast Spinning Reel & Rod Reg. $29 Pacific DL 155 Shoishell Reloader Rey. $185 149" Kory Snug Sacks Rog. 25)cesvee. gi eeceneest 19" GOLF Northwestern Byron Nelson TNT Goll Set Jwoods, 8 Irons Reg 5130 89" Northwestern Pro Stix Goll Set 3 woods, B irons Rey. $130 68 88 SKIWEAR Select Group resses Coordinates 1/3 os 1/3 ot Men's and Women's Killy Suits Men's and Women's Profile Parkas Men's and Women’s Beconta Parkas 40% w 35% w 30% Men's and Women's Skyr Parkas 25% off Men's and Women’s Ski Underwear 20% off SKIS Rossignol World Cup Shis $130 sees 89" 99" mn Shis Reg. $150... W-2 244 SC Skis Reg S175 . 99" 109" Head 360 Shis pecs Reg S105 K-205A Shis @ Sporting goods University Mall, Orem \ 34° FAMOUS MAKER SHOE ROLLER SKATES Sleeping Bags Sale Shirts $799,599 $7, Sale Tops 1 Go" oe Wilson WL Official FOOTWEAR AT THE DRESSWORKS... Select Group (UPI) — Grain inesday No | hard winter wheat 5.48 Krazy Days Mallwalk Shirts Tops 3 0 Sheep A few sales 50 cents hhugher. choice few prime 115120 Ib shorn slaughter lambs, No. 1 It 68.50 — Sporting goods w Balanc IreRunning Shoe Select Group Select Group NORTH SALT LAKE, Utah UPI) Idaho Utah and easter Nevada feedlot and range sales Trade al area feedlots moderate. Slaughter steers and heifers unevenly steady instances 1.00 lower than Tas oa th taruetat aly established. Slaughter steers’ Good ant mostly choice 24.1 110+ 30h © two loads at latter ice ia westera) area Compas loads good and choice 1 300 Ib. holsteins 62 00 Slaughter heifers: Good and mostly choice 3, 950-1 000 Ib Wednesday high speed ticker at one AT THE COMPETITION ... Select-Group Feedlot Sales less otherwise stated Colorado Cattle and Calves 2 000. steers R ©. 2232 ach and heifers firm to 25 higher. in stances aeter ‘cows 1002.0 lower 3.00 lower. 3 choiceTi0oi130 tb steers choice 1000-1250 Ib oI US 2 hose te rd and Russets 10-02 minimum 6 few 13 5014.50. 50 Ib 900. good and choice 64 50-65 50. % few 925 North Dakota uulity_ and commercial cows 44 0047 00, cutter 42 0-45.00 Round Reds mumimum9.00 shorn lambs wooled 100 lower choice some primeshorn lambs Ib 70.00. wooled same Butter and Eggs 95-115 weight and grade 66.00 Thursday Estimates cattle CHICAGO(UPI) Bulk sell- and calves 500. hogs 5 000, sheep ing prices of butter and eggsas none reportedby USDA Wednesday Butter USDA prices paid to Joliet Livestock delivery unchanged, 92 score grade A) 129.00-131 83. 93 score PORTLAND, Ore (UPI) — grade 4A) 130 00-131 33 Livestock Eges Prices paid to delivery Weekly Cattle and calves 1200 unchanged Slaughter cows demand light Prices to retailers (Grade A. with no comparison due to in cartons delivered). Extra holiday activity. Slaugh: large 66-68, large 64':-65 limited ter steers ae 2-4, 1100-1300 Ib medium61'2-62 58,00-59.25, good 2-3 950-1800 Ib 31.00-56.25, ‘Slaughter heifers 2-3 700-900 Ib 55.25-56.00 OmahaLivestock good Slaughter cows utility-commercial 45.00-48.25. Slaughter bulls OMAHA (UPI) — Livestock 1200-1800 Ib 63.00-85.50. Slaughter calves good-choice 200-500 Ib 0-73.00. Feeder steers celiaand o Ib 38.00-39.00; No1-8 240-250 large No. 1 300-400 Ib 73.0087.50 lb 37.50-38.50; sows 50 lower 700-800 Ib 67.00-70.50. Feeder we 500 Ib 50-1.50 lower; 300600 heifers No. 1 400-500 Ib 66.5070.00, 700-800 Ib 66.00-69.75 UNIVERSITY MALL 225-9529 119" 499 119° |