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Show Th State, Roliert H Vimdy Tribune Business Editor Curtiss Wright Corp and the state of I tah linked horns Wednesday in what the first round (if a court fight may that will determine who will control the country's largest copper company The arguments heard hy 3rd District Judge David K Winder Wednesday considered whether Ctah's jurisdiction could include Curtiss Wright, whether Curtiss-Wrigh- t had violated Utah', lakemer law" and whether Curtiss Wright should he held in contempt tor alleged violation of the judge's tern restraining order prohibiting Curtiss-Wright from voting Kenr.ecoti shares, soliciting proxies or otherwise dealing with KCC shares Rules Not in Contempt After hearing arguments of counsel tor both Utah and Curtiss-Wright- , the lodge ruled Curtiss Wright was not in contempt The firm had not voted shares, had not gone almut soliciting proxies, or otherwise dealt in KCC slock since he issued the ord r sir-ar- y r Ill-d- Rut the other questions (f jurisdiction and whether Utah law w as violated and a preliminary injunction should he issued so the matter could be heard out, were not answered. And they may not be answered. Judge Winder said, until next Monday after he has had a chance to review Ix-e- and memorandum from Curtiss-Wrigh- t the state of Utah, and to hear final arguments of both sides. submitted Curtiss-Wrigh- t Up its memoranudum to the court late Tues-daThe judge directed Utah to have its memorandum to him hy Friday. He will hear arguments Thursday beginning at M r. by TeleMntion Inc announced Wednesday that its management is engaged in discussions with Bell & Howell Co. of Chicago on xissihle sale of TeleMa-- t ions hardware manufacturing divi sion The announcement said no stock sale or appreciable change ill stockholders" equity is involved and that Roll & Howell would continue manufacture of Tele.Malion's product line at the Salt Lake City plant with present personnel The manuiactiiring plant would to Bell & Howell but TeleMation would continue to maintain corporate Quinn Determines Violation'1 LamU'it said It was the Utah attorney general's office that determined Curtiss Wright was in violation of Utah law He said that he did not attempt to coni act Curtiss Wright or its represen tatives when documents Curtiss Wright had promised to have to Utah did not show up promptly by nmin March 21. He said, under cross examination, he w as at the court by mmn that day when the temporary restraining order was sought II was laler reported, however, that the documents did arrive 2 L hours later headquarters here The promised transaction relates to the sale of all hardware division assets at hook value and the payment or assumption hy Bell & Howell of an equal amount of liabilities, the com puny said BHain Other Assets TeleMation said it would retain all other assets, including TM Pnxhictions Inc the Chicago hast'd TV rommerrial division, real estate and the companys titi.iKHi square-fixi- t plant at 2195 S. 3800 Mr , West Bell & Howell, a diversified manufacturer of photographic, audio-visuand( other equipment, is represented in the, t Rolx-rB. Pfannkueh, discussions by president of its video division. TeleMation representatives include George C. Harch, chairman of the board, and W. Paul Warnock, president. Any resulting transaction is subject to approval by directors of the two companies Distributes Worldwide TeleMation, with about 185 employees, manufactures and distributes worldwide for the electronic broadcast, cable TV and closed circuit television industries. The company has 1,050,000 common shares outstanding and its stock is market. traded in the Bdl & Ilow ell stock is listed on the New York Stock Exchange. and Down llu Steel Union Backs KCC in Fighting Takeover lb a in. Sounds Challenge March Quinn's question derived Imm avowed pllt'ixise ol the I lall 'takeover'' lav. whuh Is supposed to provide shareholders with adequate time to make a reasoned judgment in their investment decisions Mr Madsen testified to Kennecott financial presence in I tali He also said that KCC was now contributing some $912,000 monthly to a pension plan for hourly employees and $2.37. non monthly to a (tension plan lor the salaried employees in Utah These pension plans, he said can lie terminated at anv time hv the txiard ol duectois He explained later to The Tribune howevei. that assuming ter funded on a mtnulmn. the plans to year basis would not cease licncfits immediately However, there would lie a gradual suspension with the first casualties Uung the last to !x tnv olv ed in the program Mr Ihe . last week whether IhirjHise nf Utah Law 13 Tribune Business Editor Thu Initod Steel Workers ol America and Kennecott Copper Corp. are nut given In holding hands However, nn Wednesday the ? Commission that it had acquired it 9 percent of the shares of Kennecott and might seek proxies to put its own nominees on the KCC hoard at the annual meeting May 2 At the same time, it indicated its intent might he to sell some of the assets ill KCC to the advantage of stockholders It said if would particularly attempt to sell the Carlxtrundum Co acquired by KCC in a $57(1 million c ash transaction last year, and turn the proceeds over to KCC shareholders On March 19. Eugene Uaniliert. director of the Utah Department of Business Regulation, slated Curtiss-Wrigh- t was in violation of Utah's 'takeover'- law which requires 20 days advance notice of any company seeking union's copper leadership came out strongly on the side of m the I I'lali state court 111 Ken-neeo- lt ten-- he union, now the largest in the copper industry, represents nearlv Slum workers in Kennecott most nf them in the West hut some as far east ns KCC's Baltimore refinery d ! mountedfight by e r Curtiss-- . lx-e- He said tnc union is now weighing loinmg litigation hat has liegun against Curtis Wright hv Kennecott in lederal court in New York, and by the state ol , Corp. Cass I). Alvin, Wright information oOf all the fficer for the copjx'r companies in the I luted Stoles. Mr Alvin Said Ken union at western headquarters in I os Angeles, quoted necot I has shown ihe most leadership Frank S. McKee, treasurer of the hy spending money in the past three international union, and chairman of its years m moderniation. for pollution . , union has not found the aequsitnm adverse to its interests. Kennecott should remain in a position, he said, to advantage itself of an in the copper inevitable market. Th union. txi. he said, has txen concerned alxmt takeover of other or their properties copper companies hy international conglomerates or oil companies. Cites Causes The acquisition of Cases in point the Lake Shore. Ariz., properties of Hecla Mining Co and Texas Power & Light Co. by Superior Oil Co. abatement and in development of new processes. Sustains Self The result has that KCC has been able to sustain itself and its employment in a depressed copKr market while, other companies have Ix'en forced to major layoffs. The union strongly resisted KCC's acquisition of Pealxidy Coal Co in 1918 in wake of the prolonged pX.T-Ostrike, he said. However, it docs not feel the same about KCC's purchase of the Carborundum Co last year with the proreeds of tin1 Peabody divestiture sale last year. Called Complementary' The Carlxirundum Co., he said, could he considered complementary to KCC. And inasmuch as its acquisition contributes to the survival of Kennecott. the non ferrous bargaining committee, as saving that any dilution ol Kenneeott's 'nterests to channels other than copper w uld he delerimental not only lo the union but to the eountrv s interest By Robert H. Woody The challenge to battle was sounded dis March 13 when Curtiss-Wrigh- t closed to the Securities and Exchange turn-aroun- d Reports Burglar) set of encyclopedia, a combination player and a pair of pants, total value $5.30, were stolen by burglars who entered Pablo Pauls residence, 1000 South block of Cheyenne Street (1520 West), according to police reports. A radio-tap- e Co The acquisition of Miami Copper hy Cities Service Co. , The acquisition the Anaconda Co. of hv Atiantie Richfield. 92 6 52 25' 2 9 204 35 9ft 12 947 28 PpdsiCo 'PhPlDA D 6ft 34 748 41 6 iPhilaEI m 10 91 21' PhilPet 2ft 8 474 33vs 56 45 28 9 alPiilsbry 80 9 800 38 (Polaroid H PPGlnd 60 9 zl430ft38d (ProcGa 2 60 3 2(V 93 176 PuS Col 1.46 8 108 26'y 'o PSE4G jPonnPL Metal Markets NEW tales rwal, Soot silver 3 'ft pence lower .th buv Wegnesoav bv' ers 28? 90 and sellers 283 X pence 3 the American Metal Market. author ta months 3 30 forward pence lower uh 'i we metals publication. 287 00 and sellers 788 00 pence buyers Aluminum primary, 99 5 per cent plus Sates US los oure 50 lb. moots 53 00 c lb GOLD 991 ? per cent pyre, ilomesttc Antimony, NEW YORK (UPl) Foreian and Dot o b. Laredo, Texas bulk 1?5 00 c 'b mestic gold prices Wadnosdav U. 5 delivered Cower, electrolytic, LONDON C lb 62 10 Mommg fixing 182 7ft down U S Lead, common, primary produc Afternoon fixing 181 40 down 2 if ers 33 00 c lb US non primary (sec 85 05 up ft 76 PARIS (Free market) ondary) producers 33 00 c lb 182 78 down 0 98 FRANKFURT 99 8 oer cent, Magnesium. ingot 99 00 ZURICH 181.375 down 2 ?6 r lb NEW YORK 99 9 per cent boxed reguManganese Handy and Harman. 181 50 flown 2 T. s lar 5; 00 c lb Engelhard Mercury, $U? 00 '4? Of ft lb flask Base price tor refining settling an n un f o b cathodes Nickel, electrolytic fabricated gold 181 90 down 2 40 per trov 00 to Port Colborne. Ont $2 ounce 99 5 soft Platinum, fme, producer Seihna price fabricated gold '86 45 $705 Oft 270 00 $218 00 dealer approx., flown 2 46 per trov ounce. 770 00 per troy ounce Steel No Pitts oeavy melt scrap HANDY AND HARMAN SILVER burgh SflfVft? per Ion (consumer buying NEW YORK Handv ami Har Otk.pi, Am Met Mkt composite tfrao man Wednesday (UPII quoted silver at IS 375 or re $8 00 per ton 2 0 CP ft from ounce, down Ttsrtav per T m N Y Am Wet Mkt ex dock price COPPER FUTURES V) Vi c lb T YORK NEW topoer figures (UPl) ir NY Am Wet Mkt a (lover price Wednesday closed 40 JOinK lower across V ( lh T jnqster DOWOPr H Red;. 9fi 8 per cent hr board Sales 620f contracts COPPER minimum pure $'3 90 per lb Zinc., prime western, u S 79 00 c lb. Comex 25,481 lb.; 'enft per lb Lew Close Open LONDON (UPD Soot coooer wire har closed the second session on the London Wetals E xchanoe Weonesdv 10 ; pounds lower with buyers 69' and sel(ers 692 pounds oer metric ton. forward 9 ? with buyers 706 and sell pounds low prs JQ6 ) pounds per ton Sales 8650 tons Soot copper cathodes 9 pounds lower with Duvets 68 and sellers 682 Pounds oer on. forward 9 pounds lower with buyers s95 j and sellers ( pounds per ton 25 ions, sales Spot tin 30 Pounds lower with ouvers PRECIOUS METALS 5810 and sellers 5815 pounds per ton New York Silver! NEW YORK (UPU 30 pounds 470 forward lower with buyers futures 410 to closed Wednesday 5870 pounds 58 5 aryl sellers oer ton points lower Sales 12,000 contracts Sales 716 tons S MY SILVER: . onixxl lower with buvers Comex 5AM troy oz; cts per trov oz Soot lead Prev. sellers 310 oounds per ton, Wi, Open High Low Clote forward unchanged wth buver? 315 and Apr 53? 40 536 50 530 OOP sellers US1? pounds per ton Sales 4250 May 532 50 537 00 527 00 535 90 540 00 tons 541 00 544 80 535 00 543 0 547 90 Jlv 552 20 44 50 551 60 555 30 Spot me i pounds lower with buyers Sep 549 00 780 and 780 ; pounds sellers per ton, Dec 564 60 555 60 563 80 568 20 563 00 forward 5 pounds lower with buyers 283 Jan 56 7 50 567 50 560 30 568 00 572 40 and sellers 284 pounds per ton Sales Mar 574 70B 577 00 569 80 576 40 580 80 6150 ions 583 20B 686 30 579 50 584 80 589 30 Mav 597 9f; 591 906 593 70 58 7 00 593 30 Jly 600 50B 600 50 600 50 601 90 606 50 Seo 614 60 69 30 613 )0B Dec VQOk Ntw ork Stock Kxcliange: Final (Quotations Markrls t'UPii In Brief market orires as quoted A" Marked at YQRK (UPII alance at the close or Wednesday Stocks Higher m active trading Bonds Higher Stocks Htofiei id mnnerahAmerican NEW trading London Stocks Closed higher Cotton Futures Mostly lower Gold Futures Lower Gum Fuure Wheat c loser Chicago off 0! , to 1ft cents, corn off 6 to 8 . oats to 5. soybeans oH 13' to 3ft rents off 4 top $52 75 Caffie Trade Steady I.ivolork Markets Utah. Idaho, eastern Nevada teedlot and range sales report for Wednesday, March 79 federal state Trade slow Few sales 'lauohter steers firm Slaughter heifers not held in Limited erfaWishod oHertnqs Some deals waiting settle strong hands merit of the carlof dressed beef trade later on Wednesday before transaction com Dieted oood and mostly choice steers Slaughter U(XPl7Slb 64 00 feeder cattle insufficient new sales confirmed for an accurate oruje lesi I oad choice 500 lb heifers 5? 6 delivered tor late Contracted ali costs included Ortoder or early November delivery string 62 5(1 steer 425 calves lb and rhotce prime fur rr annua! aj ok lbs. Cafffe 56 95 55 60 55 90 55 V 54 0 54 16 56 20 57 50 Apr Mav Ajq Ser Oct Nov Jar Aftdf 56 95 56 00 55 9ft S4 75 55 95 54 7? SS 55 54 67 S4 85 53 0 55 20 54 35 56 30 55 60 57 50 57 00 cents 56 25 55 05 SiQS S4 S3 54 55 57 8C 92 37 65 00 lb per Oft 5 56 25 56 22 55 9C 55 10 55 60 56 9ft 58 0ft Estimatefl l.4i? conti rts volume Uve Hogs 30,400 IbS; cents per lb 47 35 46 80 46 85 57 47 Of ft or Si 50 51 S5 5C 55 50 70 5 75 Jun 51 82 90 50 S5 50 55 51.55 5) Jlv 49 95 49 JC 49 37 49 80 50 27 Auo 46 37 45 60 45 75 46 27 46 iS Oct 47 OP 46 00 46 2? 46 55 46 5ft Dec 45 85 45 90 45 05 45.25 45 65 Feb 42 45 4? 50 41 25 41 35 45 60 Apr 45 50 45 20 44 60 44 60A 45 (15 Jun Estimated volume. 9,0.15 contracts Fnnen Pork Bellies 36,400 lbs; cents per f 85 60 85 0 W 20 84 20 85 60 83 77 83.85 83 60 81 42 81 95 Ask V 55 ? no GoldCham 75 7 V V GrWesf 2 37 5? 45 60 75 1 75 ? 7S IS 05 3 V i 14 S ?5 34 48 05 fv Parfcf Ih. Cnvlrvds V a"d 55 ftflft X1T a' r 15 O' ? - j ', IS Ss p e Div L sc t AptnaLf Air Prfl ft?4 5 ?T pl 2 7 k)q !8? A'trT'jC 'if 96 40 NE Alhertsn AlcanAl , 53 26 8 . 28 25 . IS 3ft 5 3?' ?9 , NEW change rats n 'lam. AllegC o AHq Pw Ail.edS' Ch i Swtenand ?"i 'ATO S. 0603 SIS W58 793 AS SP? 6' 55 0289 596 2163; W2 JMJ, I I 3415 0439 324! (894 1025 0079 0076 ' J65 0? 45 2891 431? si 0 25 73) at''' inisd asn balance Pikxic deh mlrrnai P ere Vft !'i towel nM 895 260 24 70 89 55 89 62 is 8 2ft 76 17V, . 3., H ' J . 4ft 18 21 ?9l, 22 23 22 24. 2578 '1 2 328 n C Wat E 5 ( essna 49,7 ,LhaseM 4914 ( hes Cp (.hesPnfl 49)0 4945 498J htsH CbBrg ivuMiry i "4 Tnrtay s fUW nn iat year $i $' 0?2 4M U Sjv 77 S8 Dairy Markrt CHiCAiVt Wfv'H',rt-y- 31 16 7- - 13 7,. 2ft Indus Trm 16 3 34 63 40 10 32 ?0 7 m 40 46 - 13 16 Deboid QiHingh jDtsnpv T)rPeppr DomeMn VDow Ch 434. u23 18. 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SkaggCo 70 SonyCp 050 SoCIEd 2 24 54 SoutbCo SoPacrf 2 40 So Rail 2 60 Southid 60g SperrvHut SpRand 1.12 02 Sautbb St Bmd 28 StdOCai 2 4ft StOHnd 2 fti 36 StOUOh Aft Stauffer 70 SterlDrg StewWn 2 10 Sun Co 2.52 SunCopf 2'. SunshM 05d 21 32 76 383 36 35 170 56 24 48 95 0 149 5 717 6 134 - S 10 9 - . 31 16 34 70 30 17 g.10 7 52 20 1? 17 27 28 21 37 51 ' d 61 51 18 S 12 - 15- 21 23 u5 6 22 - 13- - ? ' ' 32 ? 591? 16 S 9 13 2748 7 9 7 7 7 14 7 10 7 5 112 UnCarb Union Corp 36 Un Elec UnOCa! 2 20 Union Pac 2 Uniroyal 50 IJniroyaiof 8 Uto Brands Utd PkC Mn US Gvo 60 US Indus 52 60 USSIael US Tob 1.60 Utd Techn 2 Upiota 132 56 UtahPL Ut PLpf 2 80 UV Indust Ask Group 6 ?4 4 8? 5 2? 5 67 N L 1?41 N I 3fti 3 3? 5 no 4 66 Group n Daily Grwth Incom 70 i fift 6 Mn Ltd 1978 Bid Anchor 46i 32 29 j 117 239 7 4S 58 105 11 V Zl20 14 41 2S 265 7 333 16 756 II 24 6 908 12 261 11 381 3 S 54 7 9 7 10 Walam WstnArL 40 70 WsBanc 40 WUnior WesthEI 97 Weyrha. 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KatsrAI 10 28 6 30 60 jEasterr i Ar iEastk 60a ijJO 4 11 la IBM Ift 2 6 25b 40 E ESvstm 27. 31 H36 - INA Cp 2 60 ing Rand 3 inlndStl 2.60 2 x 28 ? 23 69 922 15 $0C 2 4ft 0 DanaCp DayPLt Deere Del Mnl Denmsn DetEdis 27 20 ?8 I'M'ilf'1 ,'aMnos 40 r xv I 't 20 Wednesday ttv is Oaf 1 $ - 64- 13. 2?. fart 82i Wednesday s tjuntahpm Sam day x4 g6i BiackiD 5 00 2069 6 154 74 4 785 CocaBotl 40 1? 4? Col Ge? 2 34 8 Co Picture 4 ti9 Citicorp Cities Srv CocaCot ' tor 98 56 12 86 52(18 10 73 98 51 12 83 52 06 0 74 98 35 12 89 5? 03 10 67 ConsNG IContAL .1 ContlOil 16 .1 ContTei il ControlD 25 68a CornG 9! Co Brd 65 CPC Inti 2 70 40g 2 Crane 90 CrownZ 60 4 CurtissW 27: i? ndes Prev close Confrg 28 BenCDPf 2 r BenC P 4 30 steel i H OoPi !; (i?6t Cutter M.i 040I1 CactHat o' ' 04GP I'lje (ohm. 'mns 2? ?4 ADistTel 96 10 20 3CH AElPwr 2 )2 9 427 25 A Home 30 15 6t 22 AmHosp 56 12 ?54 31 3 5: Am Motors 41 337 56: AmTM 4 60 9 294 65 6 68 59 AmT&Tpf 4 60 9 27 23 35 Ametek 15 AMF In 1.24 8 32 23 7 Cp 12 320 r33 Ampex 17 IS 50 26 Amstar Ariz PS 68 7 130 21 18'. 22 80 7 40 3? ArmcoS 40 13 1942 ? Asarco 27 AshlandOl 2 5 93 42 AtIRchf 2 40 8 349 61 - 43 6 29 ; 1ft Atlas Corp 35 80 ?0 '4 Avneflnc b B Bakerlnt M 10 317 53- ? 4? Beat Fd f 10 579 28x 22 13 Bell Hwi 84 2 28 32 ftertJi 60 Co W? CflnP UPl TON ,n 24'x 4 38: 39, ffll 18 28 t 2U 22 791 5 7 2k .60 Humana Stoi k Index Con Ed 220 V CnnsPd 36.- 41 7 r VUs 5408 E 45 n 29' 7 37x HartSMx HeclaMn Heinz H Hercules - and hange m xchaoge Wednesday CmwEo CcnvriSat 48 Kll ll.itik ( .liNirini:- - 4wrvs v xniig 5 4was n, ran'f 5 60 1? jlO 8 92 18 . 20a Boein 77 25 6 IftoiseCa 56 7 262 36 Borden Bore W 80 6 663 33'. 44 28 Ed 7 44 I? Bran.h 3ft 7 991 12 22 11 WSlBnsMv 606 35 . BntPet ?90 1? 1S96 164 Bruns wA 70 8 IV Buod Co 3 5 79 35 0246 zW r9" BuQdCo pf 5 2890 26 BurtdvCp 88 6 4.U4 Bir Nu ( 4 59 s 1500 a InrlN pf 5s 0125 4ft US Burrgh (P26 C C J1 K CAmr S K 9 HV)S'ts sriM p sam the final he1! V rmliuxt Ivsh-'tha ryher Sha'n'y wn, iM thf ynrnings i I r 8 15 5 8 10? 22 f'j sm GlfWspf T? 9 l4i, (. hr yslir Withdrawal' ( m Grtx aid ootx.lt f'pasury accounts tty Cl f If ' vear 'hroimh 'tv fiscal kNvch rtxirmefl tr tho nMpst mili.or onha'si THIS YEAR WASHING Pit ith 500 09 767 115 7 i?0 7 8S6 68 12 8 119 chq rhg. Tms Utils Fuel Stks OJIBen J 2176 Germany I . 'OOj (P laiwan (dollar) Turkey 'lira, UtC Arab Fm .flirhamj Uruau.iv (peso' Venezuela (ooMsr W Get many nvr k W W W'TOO! r (franc' mortn Switzerland Switzerland extxving 86a 7? ex Tuesday 3.U46 361200 cm P' & 40 3M- 00450 (peso1 escudo Sauoi Arabia tnvai Singapore idouar: South Africa (rand Soam (peseta A Soam (peseta B Sweflen k rona I, 40 98 54 12 91 52 08 10 73 98 35 1? 89 52 10 10 72 98 44 1? 45 52.15 10 72 Noon i o m dollars Philippines Portucal oats Wheat ov-- ' CHICAGO 'UP') a and vjvbeam were sutmtanhaOv nr the Chwauf weonesrtav thf (ioy Board of Trade tr 1C rents rorr Wheat was (iff lo 1 Oh 6 of and oa 0 8 soybeans oH IT t to JO cents with imt lows bid m rv Soybeans fust tour contracts, led the wav hx rprn and sharply lower rime m wtxa uats. otherwise featureless Most intlintiai news was Brazil s est. 4 mate m currenl soybean prcxjurtion a between 9 2 and 8 million tons. whi. n was not as low as boor sn trees wre Standard 1ft 33 GlfWs of S3. loor' .()( vK 59 00' GlfWspf StiM- tjP YQRK Indus : Fvxeigr Pakistan (rupee Paraguay (guaranu Peat tsotl (irain ft, l,vrliani' iJPi YORK p m Dm t08Pct 82 Forriiin Tr lnej ore' 400 v 8e 5 GtMeMe oo 5 2Mi 471 4 Goodvr GraceW GrtWstFin Grvhd l(Ua Gulf OH 90 Gulf Res 25 74 GulfStU Glf&Wst 66 Press International am Niv Sales c.osinq rn the Nn stock Standard ulJ. 38 cm 73 6 8 40 11 80 11 50 10 1.30 6 80 7 GettvOl -- 0 0ft -- 0(16 89 89 93 93 &S 87 By llnrterf 2 3 Gerfer 102 S4 Homstak Hmvwl Hoover Hot rzon HouseF HowardJ A A Aenal Rond Pub Ubls Indus 0 31 Clftv Bonds70 1ft AT rjP , 199 2 747 IVn CtM. Cl Lw Hi low Utts.'Nef Trans ?i5 77 High 0rc Sfk o NfW iones! rloeinO Stocks nils 70 Tnv, 15 Utils 6.6 Stks Transactions in storks ,sx5 in average. ' - ' '00 tnditsfrials TranAfidnesday 706 600 oorfafton 41.10(1. UtiMtifies Total 2.168 W Range of prices this year Intfs c C nonnamange 'd! o' Midwes to Pacfc g) NASmarket DAQ me over reported py the Naonai Association o Secur t.p, Dealers Inshnn 'kj he b'Vk trading system used by .'Sf 'ti it ions Mexico (peso) New Zealand (dollar) Norway ikrone; Krli.m':r Quotations 1 Bid Nnt oa'd last rae W their Juvtheim LaPar Mmnth MwstEgv MveMatu Notanrv Px'ra, t on accumuiafd DA,rrAm dancik id1 o.ocidrwj or oad so far fhi ear. no rpguiar rate (ei cash ous sg, annua' p'us sfock sfo k dividend ih) oad this vear Jaoao (yen' Joroan (dtnart Kuwai 'dinar Lebanon (pound' 40N k I)(n$-jon- tr) 86 20 85 75 82 92 (rain f xcei Mi Wednesday 00! J (peso! Argentina 1455 Australia (dollar) k f 0665 Austria 'schilling' 83 uj G31 Belgium (franc convi Frozen Pork Bellies ttdttO lbs, cents per Belgium (franc find! .03a00 lb Brazil icrozeirpi 06ai 71 07 71 25 69 50 69 75 71 05 Feb 8818 Canada idoilar, 70 40 ?0 60 69 25 69 25A 70 00 Mar 618 90 623 60 617 60B Chile peso; dU3 Jar ft9 50 67 50 67 50 6 7 50 67 50 0258 Colombia (oesn; May Open interest 232 720 oft 538 70 00 68 00 68 00 68 00 60 00 on TN6 SetHemenl Denmark (krone previous prices andj Jlv Fshmated volume lii contracts 040? Ecuador sucre close Russet Potatoes M.OOO lbs, cenk per lb Eqvpf (oound B Bid 45 7 30N 30N Enqland Aor 8800 (oound' 7 TON 7 70N Silvet 8803 futures Mav CHICAGO month (1 (UPl England to (78f ooms 8700 closed Wednesday CHICAGO (UPl ' Closing range of England ?19 France (franc! lower Iced Broilers Mures traded on the Chi0289 CHICAGO SILVER Greece (drachma' of Trade Wednesday Board cago 4 Hit Bd Trade S OM trev OZ; Cts per troy oz Holland (guilder' Prev. Close Open High Law Prev 2K3 Hong KortQ tdolian Open High Low Close ICED BROILERS 524 50 532 50 537 9ft i?1? India (rijpee) Iced Broilers JftAOO lbs, cents per lb 54? ftt on?4 mioiah: Irlonesia 44 15 44 20 44 20 43 77 43 77 Aor O' 45 Iran (riali 45 15 44 55 44 60 45 10 45 10 Mav 344 Iraa (dinar! 46 05 46 15 45 60 45 60A 46 10 jun (WJ5 Israel (Dound' 46 30 46 20 46 20 45 55 45 65 jlv Oft 173 570 0C ttaiv (lira) 40 45 40 44 55 45 44 40 806 45 Auo Mav Jlv Auo Feer EurStand Excai'hur flpvona'pfl n in ihan? I0fs arid DIVIDENDS ar idpnfifu&d rilc lloai'd of Livestock KANSAS CITY Mo (UPl) Cattle 1.300 slaughter steers Wednesday and heifers scarce, slaughter cows steady hrm with Tuesday's close, slaughter feeder cattle nulls not well tested early aid calves firm Slaughter cows utility 35 Oft 37 00. and tew commercial grade 60 tew ihs holsteins 37 earner and cutter grade 13 11 ML 35 00. to down N Nominal and low dressing Lahtweight 26 00 F eeder steers choice 500 725 lbs 475 lbs bull calves 75. package 53 NEW YORK MJPi Piat.n,jm w-j65 50. standard and good holstems 750 Wedfsflav closed .9P to 47p po.ns Invr l 000 45 75 47 00 toilers Sales wp'-- pinnated al 4?5 rontiarts lbs lbs 4T 2 00 mixed good NY PLATINUM 0 choice trov and chmre 46 26 4r iT Merc ex per trov m 00 to 1.600 Prev harrows and gtlft Ooen Hmh Low Close Wops 2 215 235 lbs 221 00 Mixed U S 22i00 2WV?19 fi 275 tlO 75 higher Jft 15 48 25 725 head 48 25 mixed U. S 224 10 224 90 221 OC 223 0 226 90 47 7V 48 00 mixed U S 3 200 255 lbs ??ft nft 228 00 224 9ft ??? 40B T 90 ? 3 232 00 23? 00 210 1C 730 90 2:1k (X ew lots 47 50 mixed U S 2 3 280 KYI lbs 00 Sows under 600 lbs 21 50 2 35 50 232 00 235 00 239 tS ?43 ?ft 500 lbs and '6 rents to 25 higher Mft vOB 239 HI ?. 5C 7. 3 heavier 50 cents higher Mixed U S lbs 44 50 00 ULSOO lbs 43 51) 39 ( ji-- li hoars .160 lbs and heavier 190 350 lbs 16 00 36 00 UPl CHICAGO Sheep 50 slaughter lanbs and ewesj steady, snaimg slaughter iambs couDlej Wheat unci anged mis rhoice mostly or ime 90 105 lbs 72 OOj 2 86 ,N choite and Corn u hanged lambs No package vetinw ?46 .N slaughter l 83 lbs Pelts 71 00 choice 8,o Oats O.f ? No ? pxra tmaw white pun w IH lbs wnnled 64 0065 00 w prime 48 ,N ' Nti ewes chltty and gnod 14 00 slaughter unrhangeil yetinw Soybeans IK 0C 6 81N Chicago high rate 6,000' tON 30 frwdma teen 9ft? Barley Wednesdov 'hov ( h arp rt CA'riK) 76 PubU T E 2 24 30o Tire Ga Pact 1g G G G .flCj latest d'vdend ornitixo. (i, oercenf n stork oerrent n stoex oad ist ear qi in bankruptcy or raorgan'at'on receivershio 'S; I x exd videno rap ' when warrants .ssud 'Wij CHICAGO UPi' Closing rnae rt indicates to'iow fractions prices traded on the Chwago After Cxint ip n 3?njs ,: ng fiovtre s racfior Exchange Wednesday ind'raes foiiow ng figure is frCt'On Prev Open High Low Close ir ir, figure 4CAOO fgtiowng Live Beet Cattle ts cents 63per67 ti. rar Or ir JSnftis S' followingis 53 X 53 47 52 2ft 62 V Apr in I28ths rai'fivV' ,s f'Qure (fi Hti vd n Hjndro-f- f3 Marc h V), 1378 Thursday, Sale of Divisi Discussed Bv TeleMntion Mr Royce. who heads the arbitrage department of Morgan Stanley, said that there apMared to tie a major movement of Kennecott stocks for weeks prior to the announcement by Curtiss Wright Many of these movements, he said, could only have resulted Irom prior agreements between buyer and seller Ix'fore the sale was transacted on the floor of the New York Stock Exchange. The purpose of the examination of M r Royce hy M r Barker w as not clear. However, it could lx1 surmised that the testimony would be used in an attempt to show Curtiss Wright had ample time to inform the slate of Utah cf its intent to take Kennecott over Mr Royce was not cross examined sell onlv $7y million of $125 million in industrial Until relating to the Utah Copper Divisions pollution coe.it ol progi am In resxmse to Mi Quinn's i ros ixamiuaiion dealing with lack of dis closure to its stockholders on its intent to buy Cat iNirundum. Mr Simmons x.od that the matter was too complex to U' presented in digest form to stockholders and that the New York Supreme Court had twice upheld the picroga in is ol dwcctoi s m such mailers percent or more of company w it h a Mr Quinn that Mr Barker s c counsel. Keith lay lot. wax actually major presence in Utah m that Mi "counsel tor Kennecott Asks Restraining Order linn r.irs.ui ReUe k Taylors Or. March 21, Utah asked for and got l" unci had long represented Ken a tcmiHiiary rest rain 'ng order against necot' m Utah Curtiss Weight from Judge Winder The Laid. Mr Taylor finally ruse to restraining order extends through prolest Mr Quinn s unethical con F ruiay duct" and to declare that Mr Iaylc Curtiss Wright denied it had v iolated w as not representing Kennei ott hut had Utah law or that it was within Utah's lieon asked by the stale to licoome jurisibi turn, hut said it would submit co counsel information contained in its filing with Calls 4 Witnesses the SK( as a matter of courtesy called four witnesses Mr Barker Don't Arrive on Time Rov W Simmons, president of Zions However. Mr. laimlxTi said the First National Bank and nf the parent documeids had not arrived at the time Zions Utah Bancorp., O'Dell Madsen, The state, controller nf the Utah premised by Curtiss-Wrigh- t Cupper Division. represented by deputy attorney general Stephen A Royce, vice president ol the James Barker, asked for and got the New York investment firm ol Morgan temjiorary restraining order against Stanley & Co and Mr. Lamttert Curtiss-Wright- . That order extends lo director of Mr Simmons, a Friday Kennecott and a tnemlier of its linance Curtiss Wright, however, announced committee, said that the sale of Car its intent to seek proxies and sell Ixirunilum and distribution ol proceeds Caitsirunilum On Friday, the stale to stockholders would reduce MVs net asked for and got the order to have worth Irom alxmt $1.3 billion to $hoo Curtiss-Wrigh- t show why it should not million, severely impairing KC( s abil be held in contempt lor violation nl the itv to Imriow money, continue copper restraining order pmduition and maintain employment The hearing bought forth ar.giy Budgets $150 Million exchanges between Mr Barker and He said Kcnnecoti bad budgeted Thomas A Quinn nf the firm of Rav. some $13(1 million in cx'inli capital & whom Nebeker. Curtiss Quinney turns m Utah in 197S and 1979 He said Wright recruited last week to represent that the difficulty of borrowing money them already was man. lest by the fact that Salt Lake County has only able to Among the exchanges Charges byfiv e I' L.aiip Tribune. Debate Bid for Control of KCC Curtiss-Wrig- ht By SLalt ivaiiv t ft Fed Pew ir 'vng ronlpf S l ? fi L V" 8 XV) 4 S 45 46 ShMk ls liii 11 is L L L. L 14 L L L I |
