OCR Text |
Show - Tax-Fre- e Change MFS Has Good Skyline Oil Eyes Merger With Houston Company Special to The Tribune HOUSTON, Tex. Texas Eastern Transmission Corp., Houston, and . Skyline Oil Co., Salt Lake City, Tuesday announced conditional understanding for proposed merger. Skyline would become a wholly owned subsidiary through a e reorganization. Texas Eastern said the transaction would involve exchange of 473,896 shares of its common stock for all of Skylines 1,241,461 shares of outstanding capital stock. Based on Texas Easterns closing price of $38.50 a share in New York StOvK Exchange composite trading Monday, the transaction would have an indicated value of about $18.24 million, equal to about $14.69 for each Skyline share. - tax-fre- Texas Eastern closed somewhat higher Tuesday at $38,875. Skyline, which trades on the national market, had closing quotes of $13 bid and $13.75 asked, or nearly double its low of trading price of $7 a share earlier in 1976. Texas Eastern said the deal is subject to completion of definitive contracts to be approved by directors of both companies and to filing by Texas Eastern of a registration statement with the federal Securities and Exchange Commission. The offering to stockholders of Skyline would be made only' by prospectus included in the registration statement. Texas Eastern owns and operates a gas pipeline system from the Texas Gulf to New Jersey and a western system from West Texas to the California border. Petroleum System It also operates a petroleum pipeline system from Texas to the Midwest and to eastern New York. It is engaged in oil and gas exploration activities in the Gulf Coast, the Canadian Arctic, offshore eastern Canada and in the North Sea. It reported 1975 earnings of $114 million on revenues of more than $1.3 Warner-Lambe- Skyline was founded in Salt Lake City the late Preston M. Neilson and his brother, Rulon, who is now of Skyline. Skyline reported earnings for the fiscal year ending May 31 of $551,414, on revenues of $2,726,470. It derived its earnings nearly half and - Metal prices. NEW YORK (DPI) lb 00c Aluts Antimony, domestic, W'i per cent pure, fo.6 Laredo, Texas, bulk 170 00c lb Copper, electrolytic, delivered U. S. 45.624c lb. LmC, common, U S. primary producers second 00c lb , U S ary producers 26 00c lb. boxed cent pure, 999 per Manpanese repuiar, 57 00c lb Pod Nickel, electrolytic cathodes, Cotoome, Ont , 241 00c lb 162 Platinum, soft, 99 5 tine, proikioer fob ce 149 00 76 1200, lb 110 Quicksilver. Tin, N Y. Am, Met. Mkt. Alloyer flask price lb. 423 75c Feb 443 00 437 50 44650 4200 Jan time, the pipelies were charging MFS higher tates than were finally approved. Cover Increases As for the increase, Mountain Fuel wants an additional $2.9 million from Utah customers to cover increases it has to pay U.S. and Canadian producers and pipelines. Mountain Fuel said that would tack an average 33 cents a month, or about $4 a year, to the average users bill. It would all go to the suppliers. Mountain Fuel would get none. federally mandated price increases. He said he hoped the government would change its position and seek return of price stability to the gas Markdi. In Brirf 438 44) 445 449 70 00 10 30 451 70 446 45590 45030 45350 463 00 465 30 469 30 457 )0 459 30 464 20 460 50 463 80 467 50 5C at a higher iy m US. Government Bones -- Lower active trading 44450 in active American Stocks Higher 448 70 trading 438 30 440 40 452 90 46300 462 X 467 00 Mar New York Platinum closed Tuesday 40 to 50 oomts higher Sales 261 contracts PLATINUM FUTURES Hgh Low Close Prov London Stocks-Clos- ed for holiday. Cotton Futures Higher Gold Futures-Most- ly higher closed Chicago Gram Futures-Whe- at to up 2 a cents, corn up Im unchanged 'o 2. oats off i to up 1m and soybeans up 2 ? to 7 to Trade Sales insufficient Cahe establish a market Tungsten powder, H Red 98 8 per cent 152 00 150 20 151 00 150 60 Jan minimum pure, $10 05 nom lb 153 50 b2 40 ISjGO 152 701 Apr Zinc, prime western, U 5. 37.00c lb. 155 90 154 90 155 90 155 10 Jly 157 50 158 00 157 50 00 158 On ADVISORY EDITORS 160 30 160 30 160 30 159 90 The London Metals Market was closed Jan 163 00 163 50 162 60 63 50 CHICAGO Apr Christmas an extenaed lor Tuesday Range holiday. New York Silver Coins closed Tuesday Open Se'es WHEAT 15 points higher across s 267 2 79 Mar NEW YORK SILVER COINS 2 85 May 2 99 Jly 2 96 Sen Dec Utah, Idaho. Eastern Nevada Feedlot 305 and Range Sales tor Tuesday, Dec 28 Board of Trade Lietork Trade at area teedlots remained slow, limited Inquiry, some previous purchased cattle still to be delivered Slaughter steers and heifers about steady, slaughter steers choice 1,125 1,175 00, mixed good and lb 36 choice 1.125 'b 37 50. slaughter heifers good and mostly choice 1,000 lb 36 50 slaughter cattle sold fob feedlot 4 percent stirik, current delivery GOLD and NEW YOPK (UPI) - Foreign Domptc gold prices Tuesday LOw DON mamets were closed for the Christmas holidays PARIS (tree market) 132 08 down 013 FRANKFURT ZURICH 134 133 96 up 0 56 125 UP 100 - LiveCITY stock Tuesday Cattle 600 primarily slaughter cows and small lots feeders, slaughter cows ana buns active 50 cents 00 higher, to feeders not well tested o auction high Slaughter cows terminal 00, cutter utility and commercial 22 00 canner and cutter 19 Slaughter 700 lbs. 30 bulls yield grade 2 1,200-00, teeder steers small tots good and lbs 3uM7 00, good low choice 00 Feeder lbs hoishrins 25 heifers small lots good and low etwee 00 25 lbs ?W50 Ok slow barrows and Hogs 50 to to as much 2 00 lower largely lbs. 39 I 75 12 U S lower US 13 39 75 near 75 head at 40 00 US 2 3 lbs lbs 36 5CJ80Q 00 bs 38 00 Sows steady to 5 r lbs 34 lbs 29 cents lower U S 13 lbs. 31 00, boars over 50 load 2C 50 740 ibs 16 00 woofeo slaughter Sheep 150, steady lbs 5 lambs choice and prime 50 shorn slaughter lambs choice and tall shorr and No lbs prime ew 50 utility Slaughter pelts 46 00 00, cull 6 and good 9 Wednesday's advance estimates Cottle 000, hogs 2.200, sheep 50 per troy ounce 44 40 40 75, KANSAS HANDY AND HARMAN SILVER NEW YORK (UPI) and Handy Harman Tuesday Quoted silver at S4 33 oer ounce, down Si cents from Monday FUTURES COPPER NEW YORK (UPI) - Copoer futures T iesnay rioted 60 to 80 points higher on the New York Commodity Exchange Sales were estimated at 4.128 contracts - Dairy Law j 3 67 May 64 2 Jiy Sep Dec CORN 2 55 Mar 2 61 Mav 2 63 Sep 2 6lt4 Dh. SOYBEANS 2 76 ? 2 82 ? 2 87 2 94 305 303 ? 2 80M 85 4289 209 2 2 95 2 I 62m 6): 59 2 56 ; 2 6? 2 64'; 2 67 : 95': 305 65 y 2 2 2 62 260 69 67 63 58 59 ; 2 64' 2 62'- 3 304' 56 66 4 6i 58 60 3 255 2 56 2 62 j s r e 2 78 2 84 67m 4 64'? u Prev. Close 2 80m 2 85m 2 90 2 96 69 67 f t u 62 o2 63 64 65 66 66 30 60 50 Jly Jan Mar SOY I Tooav sf'earlngs Jan Lower case 'ehers appear iy n front of the dosng pne indicates tna price was on anoher stock e change tb) Boston Stock Ex d; Dttro chargt- - u C inonnat ip Pacit-fgi NA$ (ji DAQ the o vnr thecounter market 'eoorled bv he National Association of Securities Dcoie'-'k ' irsmet the DOCk trading system used bv of rdnje Metcantiie Apr Jun Aus Dec Feb FEE 4 6 38 3e 36 38 15 38 36 J7 38 u? 34 35 35 3 3' 60 36 55 34 15 34 $$ 35 55 10 35 90 ?0 00 64 lU 64 90 BROILERS nb 3t rt r . ft XnG n Ak 40 00 4f 9? 40 40 40 50 B B 22S 'S 9SS 56$ 45$ 9:A 0B 60B 55 606 56 0C 20 A) 35 39 36 40 A 47 38 70 X 395 V 50 00 56 39 75 4P 55 40 '6 4A 60 4fW N cl 60 29 4 t.rn U.iiy wnrtt 521-353- 5 jnthanged j N.i a? q X . uc (tic r. nj V yj I 31 i 7? & I1 J' , I7v 29 Gerber Goodnc 16 20 24 GraceW le'T 1 65m 44 16 1? 10 70 Unitd GlVvst 4 33 38 59 7i 564 344 - H. 4 10 4i 1 II 32 7 36 35 16 117 4 59 10 Der-r- 8 4 '4 . DiHKld Disney 2 44 l7g DrPeppr 44 8Ua DomeM DowChem 80 Dresser Duke P 60 DuPont 5 d ouPn pf 4 17- Duqnel . 21 E Svst 7? E E 60g Eastern Ar 4 . LastK 114 EiPasC ai a 14 . Flfrai-- l P 255 62 64 1H? 7 35 36 70 0 308 9 x96 10 123 20 551 16 306 9 t5 13 1509 10 12i2 9 639 13 299 26 34 19 - 1 267 36 234 GTE Tire Ga PaC NEW YORK exchange rates (UPI in dollars Canada Free Dollar Eng and Pound 30 dav futures Pound 90 oav futures Pound A'jstraiia DoHar 7 4 Ajsia 27 22 Schilling New 2eaano Dollar South Africa Rand Bigum Franc ? 4 Denmark 1414 39 4 Frana 131 46 1' 4 - 2 21 ; 1 135 6j 9 106 5 67 22 3? 8 7 43 50 7(8 U 126 3a7 6 x20 4 45 S'm 9 30 7 34 utf S4 : 1 s PS4' 1 p30. 6 HartSMx 72 !Ox HeclaMm 2 26 7 Heinz H 08 24 Hercules 384 Heoblm 32 80 Hewitt P 30 10 Hoi Inns 40 24i Homstak la 32x4 Honywl I 60 UK Hoover I I? he Horizon Cp 20 4 HousLP 76 - Venezuela Buuvar Tv $ g3- U-257f36 ; foreign Monday 9670 6V60 679V 6525 VKH0 095 0)00 I 9525 1530' 0277 m 34 18 Idaho P IdealBa loealBpf j 22 57'- 2d 8 5 23J 10 32 24 . 35 4 96 19m 40 v 6 7020 605C 65 0950 0 60) 9525 I5JC 0278 32 i TV. - 78 7? 19 i301 2uGb 41)54 8 III Pwr 4 9 10 20v 27 , 28 36 52 4 43 m 25 4 13' 5 H 6 30 30 6 ITELCp Jentzen Jeufno 24v, JettPilot 7 IV' 23 4 71 45 26 85 IntHarv inti Paper 2 Inf T4T 76 lie Corprtn Jewel C JormMv John&Jhn jonuwn J V X 36 65 v5 36 ot' 39 ; 5 4u m r 4C 38 35 39 02 V 60 3v v5 40 6d 40 ftC 40 50 J Itd : Singerpf SkaugCo U.S. Treasury 5a 18 20 20 25 29 31 17v 4 KanPLf Kellogg Kenmetl Kencott KIM . Kreg Kroger K 20 9 50 18 60 8 0 16 96 12 6Gd 38 Airl 5 ?2 20 44 7 -- u' c liir(H 646 w JC r ir Artei Amaisub An'ctp c 4 50 ?) 7 10 4 . - LL 50 94d a is 9 LearSieg 10 7 Lehmn 13 4 Levitz Turn 23 21 ' 37 L 0 F 60a 72 7 55 4 LOF pf Am 16 4 Littn cv pf 2 20 9 23 Lthonln pfA ? 7 3 6 Lockheed 174 10 LTV Corp 6 17 i3 LuckyS 66g 13 M M 30 8 38 26 Mary 13 9 . Mad Fd 72a 4 6 Mad Sauare 5 - 4 MarthnOil 2 U 24 12 25m 16 - MarsnF 28 r May DS 12 10 36 61 1 vopk W 535 136 6 36 2 3 324 1248 Yo'k M .IXI High Auu tow 'u ftO CUe Cotton 33 I2v 6 55 2. 409 )(, K k orth AmNt nv 4, 16 j -r I1 '.. 4 34e 062 V ? 4 4 - 4 4 V V 28 24 W W '2 Walgm 64 WstnArL WsBanc WUnijn 17 16 15M 56 240 152 22 105 4 75 - 82 9 - 3 26 7 4 49 ? 11 14 9 PIS 7 17m 8 40 29 4C 9 10 p94 PX 4 40 U Cr - 2 GriAM. F Au'Mx AXE HOUGHTON 31 b and Incom Stcx 7 Ask 34 78 5 76 3 04 'JO N I 7 85 8 65 ?ji 8 0? 5 00 Bortdstk Bost Fdn CALVIN FUNDS Bun 13 40 Fd 7 84 Fil Cdn 3 26 Shr 00 Prsv Cop Cent Coil CM 2335 htv 19 35 56 89 2 F F 16 . OR J6 2 J . 6 3 4 4 , 00 Safeco G SC UDDER nh Fnd Mu4 Re 3 91 N 64 N 40 8 Indp F Mass F FNCL 7 5 10 95 L 1. 9 06 8W b ?6 v7 11 11 39 1? 28 iz) Slo-4 13 0 10 04 15 24 98C 2e 24 5 52 8 84 13 n SERVICE GROUP lv 1?9? t tim Fd Bitfl Co?t gw Inc Con? ftS 52 9 45 9 ; K 9 5 9? s 56 Bro 5 UNITED A ft 7 Incom nnc Vangd tm SviF 4U 8 6 UbAA ca UbAA ho 10 J5 CS Gv,c VALUF LINE me Vi 391 Va' S()r VANCE SANDERS 14 Ot Incom Invest VS Com Spe ' VANGUARD F nuift, Ki 'ndx .. Coleman e 9 144 82 V 13 14 j 7j Id 51 51 9 GR k IXcluui 9 ISO Dynamic. A Fdsrnon 0 Feo c no Diam I 6 r iS 4 3 uav yip ao L)ynalct Oft FD lb 5 B'avan lq 60 68 1)9 ROE Capit1 $to k UNION FDS 9 8' 10 64 S 02 4 66 4 15 447 M7 8 OS 5 48 5 9? 6 44 9 1(i 5 9S 6 42 43 9 660 FDS Com $rv Spec ai STEIN Beianr 5 U 64 r,-- r Sr ' V4 11 SV Ctrwh Mo, Ml 7 rust 9 FD GFPENHM 9 5o 10 4? Aim ? 41 Fd WfKtv 7 16 6 S' 10 C Fnd Weirtn Op 9 Ws-i8 e6 9 4o Incom 7 ?8 7 8? 7 me p A nc'sr 10 v, PIONEER FDAa S' 6 Ift M 36 15 69 p or Fd An pg 10 15 no PRICE ROWE N. Odd Pru aivck-nFd MiNL 10 m, il ss i unavai'abie Prurt Svs n Aftr 0,1.5 Mere Fi iso 3 8 re n Stocx F 9' .0 Sr no D.vidn Pre Sfi Inrom unci ViiH-iut-a- 6 Dv MU 9 69 N L 70 6 16 6 66 5 90 6 9 ft9 JO 4H 4h R.unbw Reserv PevtrL Sdt-- 4 64 9 V6 6 20 10 TV 12 3? 6? t Si. NAT SEC BT.VK TV FIDEl ITY GROUP b d dub Avk B4 K) K? SI SJ 53 54 MASS 900 9 FEDERATED 6 16 25 19 06 63 21 67 6 38 9 16 7 78 8 5? 5 23 5 2 19 43 ?1 23 9 86 10 77 7 64 8 35 3 69 4 03 3 99 4 36 3 28 3 56 B 8 8 7 '9 Mutual I Bam Fd Pnu, so amntrr 4 44 3 54 B1 B? Cap fi LA 69 7 Baiaix LORO ABB AH. 'at MASS CO M 81 14 01 5 46 N L 16 71 15 10 03 N L 7 32 N lv D' vt Dry! 7 I Fo'ars GRP In m Sp EATON ft HOWARD 10 SAYLEs (n 04 5 10 9 53 10 19 di 21 54 9 ev 10 4i 7 36 6 77 A00110 10 39 11 36 13 V 15 H A & B 49 Gi wth Incom LOOMIS TRU8T DREYFUS Dryf b d Fd Enty 95 10 14 lnvcsf GROUP Cost 11 Vovay 7 Cjst Cus Conver Fourty 42 N L 4 Cust Cust Cu'.t Cust Cust Cost FUNDS GofP GRP Pay S PUTNAM 4 68 N L 4 39 N L 7 93 N L )g Grwth Incom KEYSTONE 14 M 8 5 3 56 N L U) Sh-- Fd COMMON WLT 5?; Var I GROUP 6 41 9 4 99 5 9 66 10 3 34 3 54 N L 3 24 19 INCP INVEST Mutual Stock 8 72 5 43 6 98 6 J9 k BERGER Dvn Ind Inc Furrl Grwrh 16 N L VI B 11 Ind HAMILTON GRP 5 uiul l 22 FUNDS GROUP GROUP ir bany c h J Va Elec 16 Grn ANCHOR 0)) ?S4ul V 22 23 ? Fn Bid Inv GEN Adv AM Am irn ' Vanan 12 H - U 42M- F in F n 197ft pl?M-3- oow off Dynami f B 1? 5 PROGRAMS Tuesday 4 DynjPaC 'lw - 4S Un.roval 50 IX UniroyaM 8 Utd Branos 7 Uld PxC Mn 60 I? US Gyp US Indus 40 10 USStee! 2 20 9 , 7i i ' FINANCIAL on as NASD Funds bv the Dec 6 0280 041U K101 ( New - Thrift Trend 20'. 20. Pi5 a prces 12 ne board 0 3 Following of bid and list i ChiBt 528 Inc 71 j Markfl UPi 'j'wr . viu, j 10 - N N 11 YORK asked Mu'udi quoted 14 o! 3t- Mutual NFW (UPI) 31 8 lO 22 7 49 . 4! 39 XI0 ft 10V p44 4 - SCaitd P ,rttn Sa'p 4U 294 . W I A Amsfti iic na ' 18 28 37v ,4 061 6d Ak hr' .. 22 5 V - k 27? KaisrAI Securities v lio m p91 1- 17 . 50 11 53 68 7 426 46 10 1496 SxithCo SuRacif 2 24 8 234 So Rail 2 1 10 55 Sothlnd 5ug 13 153 8 24 SperryHut 131 X 4 16 interaealer prices as of Quotations from the NASD are representative P m Interdealer markets change throughout the dav Pricesdoj approximately tat priude nid'kuu markdown or commission WASHINGTON (iPl) - Wthdrawa--(j, rrK s ,n T d jry accounts r nh Dor 23 mounded hm y. m .Iter 'to fhe nertrt-yYEAR THIS Vv fh'tryu.flU i,vt JV M4 IVM !DitX)SlS 75- - 24 SaFelntl X Tuesdoy s auototions l,vj inov i 16m t 80 6 91d 30 11 30 8 40 12 I 22 50 5 a-- 2 20 19 l6 36 62 0038 0060 0148 2540 2345 b 7it 22 Over llu 7 I 2 6 10 2G 9 4 2 20 II 42 J6 2616 6J4 7 30 SUMnrl M S'Keg.x Sanoer Asso SFeln pf 50 33 33 6 I 11251 0024 21Z5I 0CJ4 1025! )36u! ( l6i, 38v 56 S S 2 20 10 13 9 Saw$tr 3 421 Ij' 34 80 ? 12 (BI9I 0146 ?4?4 7 56 52 5c 5 54 85 y. m 7 4 7 19 9 7 mil 31 s$gp 72 23. Oil 80 20 - T T 41 Tandy Corn 11 558 51 63 Techncotor 69 Teledvne 31 7 236 88 9 627 Teneco V 15m- 8 262 TesoroPef 2 9 2291 27v 23m Texaco 20 12 191 29 27 7 Texgult 93 Texmst I 32 V x3)0 u!00' 17 21' 7 TexUtu IJ? 10 942 27m- 20 20 9 306 Textron 36 ? 41 22 26 13' 4 12 2e ooni ; 37 56 57 7. Suo 148 47- 11 m 50e 19 34'- 2020 Franc Com j(tb Holland Guilder Oun Italy Ltr (Cmi ls37 Norway Krorrn wn Portuga' Fscudo 0i48 Soam Peseta 2429 Krora 4U63 SwiUeMand F'anc 443 West Germany M,vx LATIN AMERICA Argentina Peso Ofi Br,Jn f ret Cruzeiro trzbO Cciomb'd Free Peso Culu Ecuador Sucre 0M0 Wor'uO Peso Par.tquay Guarari Pero Sol Urugiav Pv pIS a Oryho 0a jm Gulf Oil 80 U Gu'fResor 14x.Gife.vVst 60 2 4 Gu'&Ws wt 34 GifWs Pf ? : - - 51 PM 2 , 4, - 38 17 65 40 7 15 j 12 23 x3 1C 1865 61 12 4 65 2 10 983 109 6B47 6Gg 16 937 G 18 30 p61 103 35 27 155 Foreign Fxrliangr H 31 21 10 6 vj 28v- 31 142' Tuesday 7 40 45 Damdlntl 4 , 7 )a - 72v 33 Tms UMs Fncl Stks 8 330 51 S 6 132 14 32?5 9 727 28 287 19 469 8 2574 ? 31 x Vj 89 8 1C DelMont Dennison Deseret CWEais 20 101 74 4 19 ? 11 a 95 560 7 78 352 18 5 624 745 2 6 583 692 Utf 211 87 979 PepsiCo I4i 20 6 12 policies must be modified in some instances in order to reach necessary international accommodation. The President said the CAB should develop a transatlantic system that "w ill best servp the longterm interests of the public. the financial strength and competitiveness of our private U.S. flag carriers and overall U.S international aviation policy. 56t Tuesday FordMo 3 20 26 FortHwd 64 164 Fruehut - G G 104 GAF CP 60 21 1 Gam Sk 40 37 4 Gen Dvnam 80 46 Gn Flee 26 50 GpFooO 6 4 Gen instr 2i 26v GenM 1I5 76 574 GnMot 5 53d 65 GenMot pf 5 15GPubU 163 GnRetr lOh 3 s Gn Steel Ind differ and that our H H 17H 20 44 56 24 3 118 77 15 02 53 60 12 57 106 0 116 98 15 06 53 62 12 61 10c 89 116 04 14 96 53 Si 12 49 106 06 Cose 11 13 15 r 4 45 58 100 19 23 0620 36 95 34 34 36 00 69 23h Pet Inc 454 34m PhelD D 14 17i4 PhitaFI 30 20 Gehyrf 2 15 40 8 2 20 15 64 49 7 PhilPet 60 13 33 4 Pillsbry 116 12 13 Pitney B 68 8 31 4 Polaroid 50 17 35 PPGInd 2 20 8 8t; ProcGa 2 20 18 14 7 PuS Col 46 10 17H PSE8.G 1 80 9 37 3114 0'Ll K r 25 4 33 317 yiu 2 Mi hgt If - 0 6?! most 10 44' 2 soft red ow 0 5 4N II , 0 a r - 33- D Dana Cp DaH in 60g DavPLt 66 , 1?. Fnvirtc 20o 30 j rsmary 4? ft 39 Fttv'pf 2 40 Pht- v1 9j -- 0 64 t? No vl !5 13 2Vt 2 Oj 1.130 N ' ,N nr 2 19 4 46 56 4 161 I, uituiriiytu ; 4 55 10 20 5 80 11 60 10 D ?2 9 Crane C CrownZ CurttssW 17 40 6( ( 194 27 r 7 29 22 3 3h 25 34 97 37 Jfc . 174 ? 4 10 47 15 W IS Wtx-a- l A- 20 34 29 24 38 .Cox B'd 27 23 35n 49 17 Nomina' Ca il 01 60 ( .A- 394 46 U 120 16 NEW 17 48 39 lu y Oiai . 6 38 ? 17' 4 41 30 35 20 34 60 H 2 - 27 26 35 h FROZEN PORK BELLIES 45 Feo S) 57 '$ 54 30 56 5S Mar 56 65 57 20 55 ft 57 05$ Mav 5 25 56 57 25 JV tuarjTans 17 29 65 4 4 2044- 48 CON 48 00N 49 50 49 10 60 50 40 S2 5N 52 )6N 6? 44 40 37 Q5 45 25 02 75 V 80 35 20 Apr Jun Jiy Aug Oc Dec rxr 4 7 HOGS Ftb A H - H - es md( 43i 61 32 37 y Indus pm 3om 2u TURKEYS 49 30 50 25 323 031 067 and net rhangr of th change Tuesday Trm Utils Fncl $txs' 31 v 66 20 49 30 50 25 - 400 59 15 02 53 4 12 57 106 $$3 118 4 15 01 53 44 12 59 106 45 106 57 Prev 116 60 15 01 5351 12 4 61 41 64 l.Ve Ao I 5001 58 13 79 2 79 61 Mar Apr May Aug J sm: 40 40 t 55 I? 28 25 Dn v- E Poor's hour Standard & Pb Noon p m 15 20 Feb Apr May FOR frxTTf-rir- r Chg 3 19 Mr 41 ll N Indus am 11 CIS 31 Oosmg (UPI) futures traded on the Chicago Exchange Tuesday 105 92 500 Stork lndr Poor & 'UPi YORK W 40C t jp" tmhi'z e $ls NF 68 29 24 9H tCEO T P Div Standard c32 Chicago (UPt) - Cbsmn range of lend Brontrs futures 1add on me Chi .ago Board of Trade Tuesday Onen High Low Close Prev. 000 at Stk Lw 19 ? 16' 4 26 13 56 22 2S- Jan 234 65 ) 30 0 56 Ford said not enough eonsideiation was given to economic matters and the wishes of foreign countries in proposing the new routes. He said some foreign governments, whose acceptance of U S. air carrier route awards is reare presently quired. dissatisfied wiih tin.-- governing bilateral arrange-- , nients " We sh continue to support reliance on corns said petitive aviation, We recognize. Ford. however, that the views of other nations may' August to make sure it's a privilege for 17 71 X at Sates ( losing pric the New Ycrk Stork jck. traded c22H Aiq 50 - AP on YORK A 374 Jan Tuesdov'i Quotations (Wf) l jf 1002 41 6 32 0 63 Chg Stork.. )64 45 39 4 23 n 28 Mar May Jiy Aug Sep Oct Dec Mar May Aug Interimmntain Stork Exchange PeroSilvef Snttanri Pet 15 69i jan FROZEN $U7,$62 840 00 $190 4oo -6 0C $84 06925 4 $06,258 3461 Same day last year 3 pm Nt chg 106 24; Uu Sp Tuesday s quotations mediums Utils 225 73 Tii at in 1, P77 Park City Resort marketing director Craig Badami said he couldnt say how many season's passes had been sold or what the dollar volume was. since he was on temporary detached duty at the parent Alpine Meadows of Lake Tahoe in California, and well away from the Park City books. Enough Snow He said, however, that Park City Resort will press to keep the resort open as long as possible this spring so long as there is enough snow, and "if we can break even on a marginal cost basis. iphs 22 44 59 CHICAGO Bank Clearings Monday'sdeb.ts Same day last v ear Trans 30 30' Jar Grain delivery Inds 1014 79 387- Aug Sep Nov drawing locals only. n tecum-inundatio- Sept. by vo avr hwa Alta is not say ing how many passes it permitted to be bought keeping it, along with Utahs snow, one of the best kept secrets in the world. Alta began to restrict season's passes (Cost: $175) only in recent years when it found out that it was attracting a lot of migrant and unemployed skiers who settled in at the base of Little Cottonwood Canyon to enjoy a sabbatical of skiing at about the equivalent of a dollar a day for hill privileges. And so, seasons passes are now sold to locals with grandfather rights, and a limited number are sold by NEW YORK 84 52; 175 69 856 71 (UPt) - Dow Jones Low Close Bonds closing range of averages Chg( 0 32' 92 49 Storks Open Htgn Low Close Chg 2C Bonds 0 42 999 00 1006 82 992 77 1000 08- -3 99 10 Pub UtHs 97 95 30 Inds --20 Tms 233 80 225 73 232 63 2a4 34 0 99 10 Indus 0 21 87 03 15 Utils 105 44 106 56 104 97 106 24 -- 0 99 321 85 324 55 320 03 32? 641 S9 65 S tvs United Press By International Transactions in stocks used m averages iSStks 11 999 17 234 99 105 44 322 06 am Tuesday Industrials 2 047,500 Transpor 417 400 99? 25 234 16 105 57 221 90 380.900. taboo Total Noon Utilities 990 42 233 93 105 76 322 13 2645 800 pm 2 1001 00 234 07 105 96 32 57 Range 9f prices this year pm 20 22 Mar May mid-seaso- 18 6?': Mar Mav 4) Jiy 20 Aug SO1 SeP 60, Oct Dec Wheat amt CHICAGO (UPI) soybeans were irregularly higher, com at the cose higher and oats mixed Tuesday on the Chicago Board of Mrode cents Wheat was unchanged to up 2 i to up I com ue 4 to 2. oats ot 7 2 to . and soybeans up late A rally in soybeans was triggered m he session by local buying in the absence of fresh news wha and advances we-Corn attributed to speculative support based, on strength m soybeans The outside market were mixed CHICAGO (UPI USDA) - Butter marPrices paid delivery to Chi ket Tuesday 93 Store 90 82 , 92 score CMC unchanged W8? 90 score unestabiished Foos Prices paid to unchanged Prices c retailers (grade A in car Extra large 83 90. large tens delivered) n Hi 2 60 2 2 61 Prev Mar 61 90 390050 Marl-.e- l Ht9h Grain Mr. Frost "we will torbid. we are still snowless by our position, Continue to Buy In the meantime, he said, the resort is continuing to offer and persons are continuing to buy seasons passes, through the original cut-of- f date had been Nov. 27. a full month ago. Alta Lifts president and general manager Cine Morton says the board Tuesday decided to extend the season an additional two weeks to Sunday, May 15, so all the season holders can get in their licks. Indeed, if there's enough snow' and enough business, the resort will extend even further. 26J Jan Livestock Tues- NEW YORK (UPI) day Cattle sates insufficient to establish Engelhard market Bse price for refining settling and 40 per troy Hogs MS. trade moderate, barrows and untaorteafed gold 134 70 up 75 ot with ounce being instances gilts steady JO lbs Ab-No 00 lower cents to Selling price, fabricated gold 138 07 up HI 39 75 3 200 - 2s0 It No 25; one lot No 3 262 Jbs 37 00. Wednesday's estimated receipts Cattle 34)00, hogs 3,500 . - 69 only JOUFT, (UPI) Mr. Morton !velianr: Final (Quotation High their first transatlantic routes and provided tor international airports in New York. Philadelphia and Boston. In a letter to the agency, Ford asked the CAB to make a new com-jH'titi- v AD saies r hundreds 00 omitted except tor those des gnated M, wnicn are traded ,n 10 share lots and carried m tgil DIVIDENDS are annual unless otherwise identdied aplus extra. (bl pad last year, it i payment on accumulated di vidends 1C declared or pa-- aO df th s year no regular rate (e cash Plus stock (g) annual rate plus stock dividend fh) paid this year a i s dividend omitted ft percent n volK (k percent m sock paid as year tq) in bankruptcy vership or reorgamration (si capital d'Sribution t x exois tdend w wf warrant when ssued FRACTIONS notates oiow ng tigu e is traction m j?nds to indicates following figure is fr actior in r) following figure is h action in ?56hs s) follow mq f fi dure is fraction n 1?6fhs njn ates following figu'-- is fraction Worth. Kan- July The plan would have given 11 of the 12 cities privileges, to $250 for unrestricted family skiing. However: We are not issuing refunds; we're not con-ineed that we won't have a good season. If, Heaven New York Stock - MarKets NEW YORK (UPI) g'ance at the dose on Tuesday Stocks Higher in active trading H.xkod a mair Civil oronautics Board plan to prov ide new airline passenger service from 12 U S cities to Europe, i he CAB said Tuesday. Tile CAB rccom-- ' mended the now routes for airjHirts ill Atlanta. Dallas-For- t student weekday for $58 has Ford sas City, St Louis and other major cities last lid-Ma- Mr. Kastler reiterated his concern over recently 134.000. PRECIOUS METALS NEW YORK (UPI) - New York Silver futures closed Tuesday 40 to 60 points higher Sales 35 000 contracts SILVER FUTURES. Lew Close Prev High 436 00 433 00 436 50 436 10 Jan Mar May Jly Sep Dec Some of the cases, explained B. Z. Kastler, MI'S presidet, had been before the FPC for several months. During that NEW YORK (AP) Steel production totaled two million net tons in the week ended Dec. 25, a decrease of 6.7 percent over the preceding week's 2.144 million net tons, the American Iron and Steel Institute reported Tuesday. The industrys production amounted to 65.2 percent of its capacity during the week, compared with 69.9 percent in the pervious week. Estimated figures for the year to date showed production at 126.14 million net tons, an increase of 8.8 percent from the 115.91 million net tons in the previous year. Production so far this year used 81 percent of industry capacity, compared with 76.8 percent a year earlier. Net tonnage by districts for the week ended Dec. 23: Northeast Coast, 196.000: Buffalo, 67,000: Pittsburgh. 375,000; Youngstown, 123,000; Cleave-land- . 130,000; Detroit, 179,000; Chicago, 481,000; Cincinnati, 104,000; St Louis, 51,000; Southern, 160,000, and Western, .Metal Market. from refunds -- WASHINGTON iAP President trans-ferrabl- Mountain Fuel will get from major pipeline suppliers as a result of settlement of cases before the Federal Power Commission. Institute Reports in 1954 by president Mountain Fuel is seeking a credit of $1.6 million, or about $2 28 for the average Utah customer, to be applied in January. Refund Credit The reason: The credit Dips for Week, 7 Page N Tuesday. Steel Production billion. Pub- lic Service Commission with 197 Europe By Robert H. Woody Tribune Business Editor So. you thought you would ski more and send less by buy ing season tickets and passes Now. well into the snowless Vi ' ski season of 1976-7you may begin to wonder. Should you bail out now, sell your tickets or your pass to someone else at discount? Too bad, you will probably e find something like non written in big capital letters on your pass or registration contract. How about a refund? Fantastic Excuse Better have a fantastic exe g a full body cast and documentation of cuse your untimely disability. The resorts are not yet willing to believe that there won't bo a reasonable season forthcoming By estimate there is upward of $800,000 tied up in seasons passes and tickets that none of the holders has been able to use. Nor have the resorts having every expectation of starting up the first week before Thanksgiving had any reason to put these advance payments into some foi m of escrow. What can those season holders expect then? Snowbird president Ray Hixson remains optimistic. The snow has got to come, he says. And to make sure ev erybody gets to use up his minimum advance purchase of 25 tickets at $5 per, the resort will extend operations into l And, if that isnt enough, the resort might lift the requirement that the holder tack on the $2 premium for the privilege of using the tickets for weekend and holiday use. If, indeed, it should turn out to be a disastrous ski we will make adjustyear, ments. Mr. Hixson estimates that the resort made advance ticket sales of about $350,000 to 2,000 buyers. Dick Frost, manager of Park West, estimates 1,000 buyers have put up about $100,000 for season's passes that range from applicat- ions with the Utah international Co., rt health products manufacturer annual sales topping $2 billion Wednesday Morning, December 29, 1$ Got a Season Pass? Well! Mountain Fuel filed its results Kinanee Market Up and Down the Street First the good news Mountain Fuel wants to give its customers a credit in January. Now the bad news It also wants a rate increase. Utah-founde- Closes Higher Section President Blocks Routes to Eribniu lousiness ke Mines Tidings e ia )SaU And Bad half from oil, gas and condensate sales, and from advance royalties paid by the leaser of more than 16,000 acres of oil shale land owned by Skyline in the Uintah Basin. Mr. Neilson announced earlier this year that Skylme was investigating merger with several major companies. It had earlier considered division of the company mto two corporate entities, one representing its oil shale interests exclusively, which would have been sold off. It abandoned that concept, however, according to Mr. Neilson, when it could not get a timely opinion from the Internal Revenue Service on the tax consequence. If Skyline does, indeed, become merged into Texas Eastern, it would be the second instance within a short time d of a and domiciled company becoming merged into a major national company. Earlier this month, Deseret Pharmaceutical Co., Sandy, became a division of the Morns Flams, N.J., c 11 ? 0 16 ? 2 16 j 2?1 5 Aarn. ii 1 2 |