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Show Land Stric tures Criticized By Robtrt H Woody roleum industry was forced into dev elopment Until then petroleum Tribune Business, Editor was a that had LOS ANGELES Is the nation little tarry substance value 1 on the road to If conservation of whale oil had To hear speakers at the Ameribeen mandated then by govern can Mining Congress Convention. ment fiat, the nation would have Ihe nation is strangling itsf and had a surfeit of whale oil and a a l apathetic and unknowing public stagnate energy technology does not know what's happening diRep Don Young. Consider. to a of rected blame the Vast areas of the public lands in cadre of finger m assistant secretaries he western United States and all of the Department of Interior particularly Alaska have been whom arc card carrying members withdrawn from mineral develop of the Friends of the Earth, the .Tient in the name of wilderness Wilderness Societv or the Sierra preservation, conservation, hisClub or for future toric significance, "The administration has undone study as wilderness designation in three years what took 200 years Whether it is the California to accomplish. he said with an desert or a vast molybdenum angry flourish finds one deposit, examples of The acre California regulatory overkill. Such was the tenor of discussions at the public-landesert, said Mr Hunter, has extrasession of the AMC Monday ordinary mineral content But because of previous military ami B. Hunter, executive direcRay park withdrawals, or de facto tor of the California Mining Associwithdrawals for study, a vast a new look takes at the ation, has been effectively locked alleged benefits of conservation A domain recent academic study, he said, up At Crested Butte. Colo . Climax suggests that conserv at ion from a Molybdenum Co . which has a historic perspective would have major molybdenum claim, finds itself in conflict with a sophisti dubious benefits cated and articulate community of Oil Example refugees from the East Coast, who For example, when whale oil wish to preserve their newfound western lifestyles in Crested Butte prices soared in the century because of higher demand with little consideration for the and dwindling supply, the pet impact that minerals deprivation rnid-19t- their live- - or thousands still In mg in urban env ironments. said De nv er lawyer Morris T Hecox J r Poses Question How did this antagonism be tween the mineral' industry and the public lands agencies come about Dr Carl L Randolph, president of United States Borax and Che mi cal Corp , summed it up this way he said, saw the spawnThe ing of a counterculture of many diverse persuasions. "We saw activist organizations spring up fas ter than federal bureaucracies By the 1970s. many of these activists. he said, had found homes within government Those who did not. set up their own organizations and raised massive budgets outside the governmeii for the purpose of "saving societv from itself "When the present administra tion came to lower, many of the people gained key positions within the new government Persons ot missionary zeal were appointed to including those with high office total commitment to the environ mental movement With such a concentration of people with a single persuasion, it become abundantly clear how they can achieve their objective of stopping mineral development would have Mim means that loan guarantees and other kinds of financing would be available for companies that produce fuel substitutes from agricultural and forest products, garbage and municipal waste The committee estimated that 20 plants, costing $0 million each, would be built to produce new kinds of fuel using such methods, known as biomass W ants F ast Action Mnrkl Mrtal Mnrkrl PRECIOUS METALS YORK UPO Latest meta' prc as quoted bv tne American NEW YORK (UPli - He Yom Silver Market, authoritative metals Mores Closed Monday 220 to 4 OOC points ftetai ixj&acaton hgher Seies 15 000 contracts Aluminum primary 99 5 per cent plus NY SILVER Cemex 5 M trey ex, cts per troy et 00r lb oure SO lb ingots 58 refined m auov Lait i ere omitted domestic Antimony O0C lb U S Cocoer delivered electrolytic, m 2Sc lb 0 Lead common. U 5 primary producers S non primary (secondary) arnducer SI 00c b Magnesium, 99 8 per cent ingot 1Q5 50c lb 00c SR U . b Manganese. 99 9 per cent boxed regular lb 76 1b Has Mercury Nickel, eiectrc vtic cathodes, Portrait Co'borne. Ont . S3 00-- 05 ib Palladium N Y Am Met Mkt S i 5033 00 per troy ounce P atinum 99 5 fine soft producer USC 00 dealer approx . $422 425 per troy nee dosed Monday 4 000 points lower to b00 heavy melt scrap $tel No Pittsburgh $90 00 per ter (consumer points hioher Am Met Mkt composite CHICAGO SILVER buying once) Bd Trade S 800 troy et. cts per trey scrap price $88 ft per ton "m NY Am. Met Mkt price Last lero emitted '$ 5c 'b Tm N Y Am. Met MM allover once Seo Oct tic 'b tungsten aowder (M Red) 98 8 per cent Nov Dec 90 ib $13 Per Minimum our 1 00c Feb Zinc, prime western. US 35 A or b Jun LONDON (UPU Soot coooer wire Aug closed the second session on the Oct lirdon Metals Exchange Monday 45Oec pounds higher with buyers 97 and sellers Feb 9 9 pounds per metric ton forward iiAor pounds hioher with buyers 963 and sellers Jun A q 9&3 ? poor ds per tor Sales 15 500 tons Soot cocoer cathodes 4! pounds higher Oct 937 with buyers 915 and sellers pounds Dec oer ton forward 43 Pounds higher with Feo 941 943 and sellers pounds per Aor buyers Jon ton Sales 575 tom Soot hr 10 pounds higher with buyers Aug Settlement 20 and sellers 7 290 pounds oer ton wward 40 pounds higher with buyers previous 5 06 of Coen interest 125 and sellers 7 T3D pounds tm ton j 437 B Bid N Nominal Saies 75 tons Scot lead 13 Pounds higher with buyers Platinum futures NEW YORK (UpD yu and sellers See pounds per tor or ward 18 pounds with buyers 5el Monday closed 2 000 points higher across I end sellers Sal puuncs per ton Sales the Board Sales were estimated at 646 to 58 iNew hi Rriil SEW Market $67 00 Board of Trade CHICAGO (UPD - Closing range o prices traded on the Chicago Mercantile Exchange Monday Prev Open High Law Close Live Beef Cattle 41 600 lbs; cts per Ib u Estimated volume 2p098 contracts Feeder Cattle 4i, AM lbs, cts per Ib Qe n orard and a one $J 'Jan tom with Apr higher 3 J v 7? 00 and sellers ?JI 00 pence forward 50 00 pence Higher with Oil buyers 745 00 and severs fie 00 pence Jan es 60 tots soot buvars months silver 48 A) pence "" ,4 avE C0lMS begs, jMercei II Onen High uwjott neai and foreign lUPU MorxJay YOp uuwO NEW futures tlM loo' Nov M3 O) Jan Apr J'y It? 1100 B Base twite tor rehning settling and latw Kilted gold 3bd h up 11 20 per troy wr ce Selling prK fabricated gold J9Q 47 up 48 per troy ounce Pmv Cnilfl 120 points trpy at NEW YORK closing rarwe of Stocks Open JO Inds 63 26 32 20 Trns 15 Utils 106 ?6 312 59 65 Stks m CORNER FUTURES Coooer NFW YORK (UP!) Monday closed 300 to 355 points t(IO 12 contracts Sales COPPER Cemex KM to; cents per lb Apr Open 4 4 4 52 4 S8 $ 880 316 93 0IN 3 I 56 M Ajq lUPH oM 529 374 25 Sep Nuv and close 9185 91 70 91 80 91 90 92 00 CHICAGO GOLD 100 trov oi I per Bd Trade oi Close Open High Lew 15 546 Dec Mar jun Sep market indexes Dec JNATIONAL I to ft 764 756 Gold futures closed pointy lower Saie CHICAGO Monday 40 280 7 concerts F2 V 00 403 0 W 00 39 J 411 20 40)50 404 SO 423 50 414 90 414 50 SO 4J3 50 425 50 425 50 m3 00 4JS 00 435 00 453 00 444 M 444 interest 62 385 of) 567 186 J96 408 4)6 429 437 447 50 Mar Jun Open Settlement B Bid UQ on previous 90 SO 60 00 00 10 M and close Jtv Aug Seo Oct Ctase Prey 4 ft! 4 4 49 4 58 4 65 M 4 51 4 58 Nn 3 JO, 3 $ 57 I m bu. 05 y 204 SO 207 50 209 50 4 )4 I 56 I I bu 7 2) 3? 52 65 7 5) 6? 7 7 7 71 7 7 rj 77 7 71 7 73 40 55 7 57 7 tfi 7 53 48108 lbs 38 5 27 27 45 2' 40 28 41 V 47 27 15 V X V 15 27 05 27 05 2 uu 26 85 70S 00 Jog 50 209 50 lvl , 60 ft) t 764 (Dw' M v 7 , 7 7 c nts as 2 203 80 Jo 00 206 OO l Greece (Drat hma 293 4 Holland 'Guild 3 01 Hong K wiq (Do' r ' ) India (Ruiieei 307 , Indonesia Rupio. 3 08 , Iran (Rial) Iran 56 Ireland IPunt' M (Pound Italy (Lira) Japan (Yen' Jordan (Omar 7 24 Lebanon (Pound 7 39k. Me co (Pesui 56 New Zealand (Donai 768 (Krone) 76 Pakistan (Ruoeei 56 a4 ?fv Be'gium (Franc fine Bra.'ii (Cruze-rCanada Dunan Lhne ' Peso' Caiombta iPexo CVnmark (Kfone Ecuador ($ucri Egypt (Pound) England (Pound England (I mcwifh England 13 month Finland (Marika 7 7 r 5 61 754 lb SWn'k Fvcliaii'i Peru 03M 45 1 2 !9 2 1531 2 sai t .pt (on MP lusthi mi Pnt'p It W W5 y rs x ?5 IiX Mammoth at 4 non at JK 'a Tn'ti. Mn do Vm.M Purchase a Peugeot. Get 81.000 Rebate DETROIT (API Borrowing a leaf from Chryslers book, Peugeot has rebegun offering bates to clear out unsold cars the first importer to do so For the rest of 1979. the French manufacturer will give buyers of its 604 model a $1 ,00ft chei k factory-to-eustom- Indus lam Total Sexy' c 2om 1 3 80 ?M 7t t $V Net chg chg Utih Trans W3 94 109 61 1$ Trns ft 264 5) 9e 265 05 89 55 2e5 ot 890 20 00 3 2$47 07 0 41 0 40 8 106 106 106 105 12 12 02 89 3M 312 41 312 46 312 23 !K01 311 5 1)37 -- 62 0 52 0 35 9 7 7 12 6 11 East Ko 2 40 8) EiDataSvs Uzilf Stks EiPasC 32 10 4 9 13 7 Envirotch Esmark Si 15 35 40 4 6 Ethyl Ethylpf 2 Exxon Cp I PacG E 2 4 PacLihtng 2 Pac Nw 64 12 16 PP L 5 Standard Poor's 500 Stock Index vN. 80 90 7 10 GAF Gam 6 5 CD 68 Sk I SO 20 GnDvn Gn Elec 2 80 NEW YORK (UPD Standard 4 Poor's hourly indexes for Monday ao M CM 4i set Gen Foods 2 W Inows Trm Utils Fnd Stks GnMot 4 60a Indus Trns Utils Pnd Stks GnMotpf 34 m a m 122 92 15 85 50 92 13 45 110 0 2cm 123 10 15 88 M 13 49 110 0 GenMot P 5 9Sb 123 13 15 81 50 84 13 48 110 20 3 o m Noor 122 76 15 84 50 8? ft 4? 109 90,GPubU ' pm 2 72 12: 22 15 89 50 66 13 47 110 27 Prev Close 0 123 46 IS 91 sO 96 13 47 G Tire 1 V)g 54 5 7 4716 AmTeiTel p55 10 7 10S 20ft Cartr H i0 Ga Pac 7 x43 67r574 AmTBT pf 4 CartWal 40 9 35 8 Gertr 1 62 X780400 474 43n 44 C B S 2 60 8 314 Silt ATTptA 3 64 uettyOl 40 45 80 7 305 2j Cessna AnofB 3 ft xV6 49 1 4' Getty pf I X) 41 274 Ametek I 80 10 46 4? 5 4J $ ChaseM 2 40 6 72 Gillette A M F P1 24 7 105 23i 15' 4 Ches Cp 84 12 52 24 30 Gondvr 9 169 22 35 U 731 Amstar Chessie 2 J2 4 U 2 2 05 GraceW 5 27 6W Amstr pf 08 64 Chris Craft 10 81 21 04 Gryhnd 19 ArizonaPS 2 7 196 21ft 18 4 1007 12 10b Chryslr 20 Grumn 46 28ft ArklaG 2 20 10 P8 47 Or Gas 96 7 179 22 Gulf Oil 2 05 50 5 214 25 z 17 75 : Armco OT Fm 2 N? 9 905 50 ? 32 Res Gulf 32 t 55 r32 j 25ft Amt of 2 10 6x1692 29' 2 Crttcerp t 36 GuifStU 11 20 20 4 32 ArmstR C't'esbv 3 60 8 30 75ft Gui'8-W13 d26H- 5 7ft55 tV ASARCO 4 581 22 City inv 3ft GWsof AshtandCM 2 9 1S8 45 1 31 96 12 556 46 A 36 2 CocaCol GlfWs pf 2 49 , u7? AtiRcht 2 80 9 762 ft 8 CoceBeH 44 9 293 17 26 30 Corn Atlas 08 8 1020 20 j Curqae HaMtn ' ' 30 3 18 j 32 AvcoCP C0 Gas 2 4 I 623 40 narrahs 50 24 80 7 208 26ft 13ft Avnetlnc CoiPict 42b 6 125 26ft HartSMx 88 B B CmwFd 2 60 8 2396 Heroils 10 50 4 47 , Baker Itl 60 16 M 50- - ?7 ComSat 2 30 8 52 ne( 20 . 2) 4 Beat hd 30 8 1040 76 17ft Computr SCI 14 3 Hewitt P 40 20 BeeChAtr 1g 11 710 19 3ft. 44 j 70 7 Concxa 20 Hobept SeKoPet 80 9 8 ' 44ft ?v, 40 4 Con Ed 2 44 6 2M 25 , 21 b3 . Hoi Inns 6 42 7 Bendix 2 56 6 60 43 : 33 8 60 2) ComFd Honw1 2 60 2! 1 107 32 5 BenetctCo 2 313 30 19ft CjFrq ?4 hoover 23 2 4 BeoCpof 2 z)0 27 Cont AL 4U 46 444 7ft Hor.zon Cp . 2 42 48 17 40h 221 BenC p 4 10 36 I 17ft U , Corbel s5 HouveF 24 J ConDdM 40 6 '671 S' Bth Sti 60 4 S33 25 19 4 Howard J 44 u?3 . Biack&D 68 )? 5 2 25 . 15 ?s Humana Boeing Co 382 242 ViECp P2? j 2?ft 21ft 25 1 73 20 7 TxECpf Texgtif 8 2 16 7 26 M 93 2 70 10 40 8 I 20 13 437 22! 3) r58ft p?9ft 58 ft- 25 29 1 3? 24 27 30 2 18 92 PacT T 40 I Pan Am Air 3 6 Fleming FMC pf 2 . Fjrd Motr 4 32 FortHw Texaco P P 7 Ftberge 4C FarmitF 76 Farah Mtg cStChart 186 881 Perm Centrl Penney 3 PeosCo I 14 32 Phzer PhetosDge PhiiaEl 80 PhtlPef 40 Pilisbry 7? PitneyB 20 PitBo pf2 12 Polaroid I PPGtr.d 84 ProctGI 3 40 PuS Col PSE&G 525 8 76 2 04 Pent PL v 8 558 11 22 451 225 60 2 20 Ralston 58 60 pf 4 ReiEiec 60 60 fceliGro Reou Steel 2 Rev Ind 3 80 RtoGf Pf 80 RCA CP RCA cv bt- nter (UPD Wheat was I ttn Bo.vCa Rost Ed 70' 240' 727? M23 I9f7 766 027? 5156 50 8? 44 Idaho P ideaiBa III pwr Ing Rod InlndStl Interco iBM Cp Branot Rr 20a 4 iqqs Bns Mv BurN I pf 2 80 Inthary 10 55 A5 001218 0M.VW J 0)60 3056 0419 2 DOW 0CU Oft 3223 W3 20" 10C9 ft) 1205 3369 73 ow? 13oO o?v 79 3058 04 J9 Of 30 2005 1009 DOT 0042 ? W (T01 - demand feeder Not enough week for pounds last 0B under shrs Livnft lavt 710 urxtn 6O11 once conwvinson Also stedv were Mil 69)7 6558 n 021? 264? tvnk sellers rates .S. TivaMio (UP' tar tv lower at the close Monday on the and deposits m Treasury vhKago Board of Trade f'V.a ye,ir threx gh V$t to up 4 4 cents com Wheat was up the nearest miiinr altars ufl I 1 to UP I ii oats unchanged to up THIS YEAR and soybean unchanged to oft 4 Withdrawals $1 32 34! xents UennsiN $' 009 ?s? wtieal leseivesl some gtKrHng itiengtt IV e $ bai aji firnter under Puhnc arvl ended from silver 81 Nn dnht $ corn vmoort tiom and against drops it internal Revenu i.uiiextions on Sept 2U metals were $3 8V3 Corn closed slightly firmer on some Corn started the commercial activity lnlueKe1 bs session stronger probably silver prices Some uams were stwivwd bv later light commercia1 hedge type selling Monday s quotations SovhtMn ciromevi with roentry selling i x Rank rtelitft tint $?ft 06 VM ' uni amwared n tint tnate wt fhanqs S.ifte dav Ms vn,.r $0i 1 If ?5 if xilvi Withdrawn auounts for the 20 rounded to 3 2 2 3 ,skd Mutual uxytrd heien,s gmoes S3 and low uti ty 41 85 2 4 G M 5 14 A ul 8 5 4C 9 KanPlt 6 7 00 T? Util Mart Kroger Kv 8 2 K bulls veld graoe g5 yield grate 2 I W 5ip UV 4 'SP ib hm I (ft M 36 ft uJSft ?? ft ftft k 'ft ?ft ?ft ii ?i , 89 22 1W y 380 28 iCh'M Amor 24 16 6 lt. 'ft 20 26 JO ft f '8 18 r. 4 8ft 50 A) 600 00 700 lb 66 50 70 50 MO 4 ! 4 9 8 20 6 90 N L 86 (Ml Group 88 7 S 8 4 5J I? 14 A1 O tftl ir IS! Group Grwth S. 8 S8 8 12 V 8 ft) 5 as N L 4 SO 81 9 23 21 82 6 00 Funds Keystone (Z fnd Berkshr dn Bullock f f f .8 2 10 32 8 (K) 6 9 91 Hi 8 1A tl Snr 10 291 "0 u k? Sli MV 12 88 (. y xheed In j?l N N I ci AAR H6 lv x Is de 9 22 )' 00 N I (W N I 8 U N I 0 (A S Numb 9 M1M In. ni Si 00 Ib 1. 8 Massachusetts 4X 9 IS Co .s n S V4 I ft 10 46 I) n si Vi ts Group I J Iv All.i It 4v x (i Dreyfus pr vl Loomis savies Fds an (H b 9xsj NN tI Mut.iu Lord Abbett f fts F.t vt ftttrtv s.iiec 6 Eu II ft LAP 13 10 Gth I! u StP' In. hm Mass VI! Nat t 4i r b k Union Service Bnf Iv I? O U ('I United Funds Wi Ai t um ?J Hnd iVlt out I'Kvwn Mun 7 21' 6 9 10 33 I 9 10 61 9ft IQ 9 IJ 9 SI S' 8 0 4S 16 N 90S N I 10 4i N I . (, L s' y kK jl V mud 17 IH UU v. F c. x Svcs UKAA III M 4 t. I? USAA Value Line Securities 10 9 10 4H V,! lik !'i nl ln nn 4 6 9 Ml 5 I Six Sar 's Vance 9 (X as N l 1 00 N l II N I 14 S4 N l A) IS I S9 s L U Fmanc R n,l D Vl.tl n 74 L 96 N L S' (19 N Funds 19 n apitl Stix 8. Commonwealth SO 3 f F V P C .1 f'rsv 2 14 12 (, RiMHtstk Rust Calvin 21 Sual Sfom Roe da i.k Rs ash Group 24 Tx Vista Vuvag R iinbw Sc udder Fund Inti 15 Fnd 9 Mg! Rs N unt 8 28 U Revere H) 15 H 9 05 1$ 05 77?2 86 5? 15 Hi 15 13 ?? 0s N I 0) H I 4 N L I? 2? 80 15 06 11 10 b 23 11 95 4 OH invest Uptipn Risrs Group M.itu.tl M.v k B 101 9 , 26 . Q26 . No 9(1 und ix ivn Berber 67 frame Feeder nifers muscle thickness ew kk) 400 lb 82 4nuaOIW ftw 4TIW0 lb und f StvK k V 19 21 Gtt ' Instn Am Inyst AilN Gr Anmav 7 !' . 2' j 18 Am Am Genl gt u VV Ask 2 Bid ? 32 85 3b 60 Fn itln 10 SiUJtemtxg , J '6 10 2(i ken.vtt 9 33ft I s 1 1 1 1 ftrwtt Investors 423 36b I 9. N L f in lift Funds Inc Group ii N I ft l" Ind Hamilton Group ft 4 2 Kellogg of I'H b ir?6 7(1 O 73 2329 Ib $6 00 7? 5698 5H 575j Nw York ? QRK Following bid and on imm'n as uiuft l)v the NAbD list 7? 00 OO 2 641' iti Miiln.il 28 6 80 40 4 KaisrAi kaiverC 2S9 h Qher 7198 637! 6 15 JovMhi am cows slaughter buds slaughter steers and heifers 105 SO 400 500 1b cotjole of 455 NX) 84 (JO 90 Ib 98 50 6ti) 00 ib 77 00 to JO 25 800 9Js ih tftvaoo lb 75 frame 68 00 75 75 Holstein Nr ? large Ib. 71 50 N (K muscle thlcknes 73 00 005 b 6l2 56SS 5680 gnod ccxmerctal he.n,s Oft Oft? 235 Slaughter 'b 65 H 71 9 0 51 0152 240 6349 0.M3 2M? 1226 6? JO Utility and 4? 50 52 25 Cutter broadi45zO Fmier steers medium frame No muvle thickness tew 335 JW lb 9 2u3 - cows Slaughter 1J9 4664 3042 4664 Mark- on b ard more than 800 ib 30 hiQfw Not enough feeder 600 pounds last week Ij compare than 600 pounds steady Hivier 2 H K NORTH SAl T .AKE Producers tock eubon for Mwxfav baiaMe compared with 671 last ween and year Near capacity attendance, 2 8 6 4f JonviBJsn 2 Jonl iqn h0 e l.iwftork Seadv 9 9 J 3i64 2 9 P oO 2 Ce tel J? 01 2 Jewel C John Vv S m? Came CaroPl 1256 006 032 2 Br Group Brunswk Borxlv Cp ftW Burl No 2 15r3 26 O 2ft r 45 IftSS 26 Ot'ft (Peso' m ftU 2 2 llank ( ilrarii':r ( 200 7V4 ESvstm 1 20 Eastern Air Pgess Intematienal 30 Ttaitsoor W0 pnees this year High i)256 02 3J 1999 0356 0.33 197 (Son h irregularly higher, corn higher oats h.Ktional'v higher and sovtkMn irregu I quotation Bv United 310 60 2 53 m averages 32 ud jg Ihds 0k3 Borden 8564 (boD Portugal (Escudo) 28 63 A 0 Saudi Arabia (R'van 27 60 27 65 Dollar) Singapore 77 30 27 33 South Atncfl Rand 27 25 27 V Spam (Peseta Ai 37 20 27 20 B xoam 27 20 27 13 Sweden (Krona) i (ft AW) Switzerland (Frark 26 9Q M Switzerland (1 nyinth per ton Switzerland (3 morth 191 50 193 00 Taiwan (Dollar) 1V4 W 197 X Turkey (I ira) 99 M jo (Jtd Arab Emir Dirham i 201 (to 207 Urugu iv (Peso) 205 10 Verwueia (Bonvar) 30f 30 208 90 W Germany (Mark) 208 90 W Gernianv MOO 0 nrnth 20 00 208 W Grmany (3 month! 2C7 00 208 90 Source Bank pf America (rraiii CHICAGO Mnoy W pm ef Range 0 rr Intcrmoimtain Jones Dow 4 637 200 0 32HX 0U3 Paraguay (Guarani. , Philippines (Pyia t 0J4MA) France (Pram 2 309 99 M 77 7 Beiyum 4 59 3 10 . 7 7 4 61 2 94 3 02 3 07 , ) if 108 per bu 71 7 4 49 4 61 4 69 2 2 93 , 180 4A 452 Ions, Soybean Meal 191 00 193 50 (Xt 197 50 195 00 Dec 197 30 200 00 2UOOO Jan 213 50 204 0(1 200 50 Mar Vav 95 20A 449 2 27 70 27 00 198 193 50 107 SO Prv 3M 70 J95 SO 405 50 4)5 50 425 SO 435 50 445 30 I M 10N 38 80 41 10 42 90 43 JO 43 50 3Pw 3D 79 Open interest IM 5)4 New York Cash price Settlement on previous B Bid " 39,. per bu 3 0J 3 bu; SAM $ 1? )95w j 18 JO contracts Ooen interest on previous and dose Settlement 2 3 15 12 500 bn, 2 w May 10 J'y $ Wvbeans I 24 Nyy 41 Jan 7 Se Mar Mav 7 V Jiv 50 (A 90 40 50 55 55 4 j'y M '$ outstanding achievement in real estate sales and service and high regard for ethics of the ftt I 4 64 2 81 rcr higher Ch 60 Dresser '0 Duke P 1W 2 DuPont DuPn pf 4 i M Dug net Dynamic 10 Close Chg Low M 8 10 &2 85 22 51 23 15 2 N 106 14 105 75 0 54 Ht 96 59 265 97 106 77 314 12 Transactions m stocks Industrie's 3 191 Utilities tat'on 6517ft) m Lew High bi )M W Dec Mar May Oat futures 90 90 90 90 90 91 91 91 by UNITED PRb.l NYSE Index ASE Index Dow Jones ind P 500 Stocks 5 42 96 3Jk ir for Mexico, Acapulco, 1 ii (UPil averages Monday contracts 39 00 3a M 38 41 43 42 95 42 95 42 43 eh - UJPI) M 90 M Sen SILVER end Handy Herman Monday Quoted sliver at $15 M ounce, up 90 cents trom Friday YORK r Jan futures Care lower HANDY ANO HARMAN NE A Mr Wirthlm was cited at the association's annual convention in l 2ft Wheat tlfiiD$ IK50 Dec ?4S0 121000 H850 Mar IJD UtiB 12200 May Jtv B'd NFW YUK iUPp c losed Mor'dav JO to contracts lues V NY GOLO Cemex IN troy ei I . 61-- Dow Foreign Kvclmiiur D. 11 W Meeks Wirthlm. president of Meeks Wirthlm Real Estate Corp of Suit Luke City has been named Realtor of the Year by the Utah Association of Realtors most-activ- GTE y per bag Chart S.L. Realtor Wins Honor Experts said the oil stocks suffered as enthusiasm about last weeks oil in in the Hibernia Newfoundland abated Some oil stocks also were affected bv individual news developments Among the biggest losers among the oil issues, many of which made the New e list. York Stock Exchange Gulf, down I1- to 33 8 ; Charter Co . olf to ' 2 4h to 457: Texaco, down 7 Standard Oil of California, parent company ol the operator of the to 58 Hibernia well, sank Wins Arbitration Award Mobil fell 2l,2 to 51 Asamera Oil said it won an arbitration award from Mobil for royalties on gas production m Sumatra Asameia rose G to 17 on the American Stock Exchange The Standard A Poor's index of 4(H) industrial issues fell 1 ftti to 122 4ft, while the SAP 500 stock composite index dipped 86 to li9 61 5 Pr$ Associated y market I)h-,o- CHICAGO (UPD Closing ange of iced Brokers futures traded on the Chicago Board of Trade Monday NFW YORK Foreign (UPi Close Prgv Open Hgh Lew exchange rates in ooxars ICEO BROILERS Monday Friday Iced Broilers M M tbs cents per A Oft) W Argentina (Peso Silver Com Srp 22 V 22 J7 3UO 3' 50 2 Australia 'Dci'at' to 400 pumts ivt 18 7$ 37 06 36 5 16 74 J $ Austria iSchiHmgi 035 08) 20 36 36 37 08 80 80A 37 Nov 03520C 035400 Franc conv nu t?45C MX) Nervous Market "The December contract in gold got up to neai $390, then when it failed to penetrate, traders sold. Sinclair said At the close of New York Comniixlity Exchange trading, the spread between bid and asked prices was $3 50, indicating the nervousness of the l8 lew On I'm Jan Engelhard t filth-busie- st h Prev 4360 o wb hmg DO M'B 10 W IIS 98 112 aO 1H0HB 1000 HAJ0 11 M0 !Ufr8 1121k) Ot ii 50 s-- York Slock lixchanjYc: Final (Quotations sales m hundreds (00) omitted except for those designated (2) which are traded n 10 share tots end earned m full DIVIDENDS ere annual unless otherwise identified (a) plus extra, (b) paid last year, (c) payment on accumulated d vidends, (d) declared or oad so tar this year, no regular rate (e) cash Pius stock, (g) annual rate plus stock dividend (h) paid this year latest dividend omitted, (1) Percent m stock (k) percent in stock paid last year, (q) in bankruptcy receivership or reorganization, (s) d .UitiuTi, U! (wi) when issued, (wt) warrants FRACTIONS (f) indicates 4oiiow-mfigure is fraction in 32nds. 0 indicates following figure is traction m 64ths. (r) following figure is $ fraction in 2S6ths following (t) figure is fraction in 128tbs. indicates following figure is fraction in leths Lower cese letters appearing in front of the closing price indicates the price was on another stock (b) Boston Stock Ex exchange change c) Cincinnati, (d) Detroit. (u Midwest, (p) Pacific, (g) NASDAQ. the over market reported by the National Association of Securities Dealers, (k) instinet, the block trading system used by institutions sts Hi Lw Cts. Chg Stk Dtv 'copfravts pound lower with buyers NY PLATINUM 337 sellers pounds oer ton .Mercea $1 trwy ei I per trev Open High Low Ctest pound lower with buyers 345 i! b0 50 00 53 ftO SW JO oer ton SaiesjOd sellers 346 nouns' s two-yea- h.gtr 58 tom Swot line 5 The oil stocks have been rising on speculation that has been based on tenuous in cunistancc-- at best." said lo m n indyst ;it Robert 'sto-)l- t ou'v e got to expei t Witter Reynold' some pullli.u k Those oils that tan up so steeply a have all got couple ot days ago profit taking," said Eldon Grimm an analyst at Birr. WiUi n A Co The Dow June's industrial aveiaue (unshed the dav with an 8 IP jaunt chop to xiv5 t The Dow av erage had dosed level since last Friday at SM3 94 its October Volume on the NYSE was 33 79 nullum .shares, well otf the 52 38 million shares traded Friday, the dav in NYSE history Gold Jumps Again Analv sts said the mat ket was iti' turbed by another rise in gold puces in I Europe, where gold jmned a suit $10 to $17 5U. although the New York price ot the metal settled back from that level The dollar firmed somewhat after a i evaluation of the West German mark, which was boosted 2 percent against half a dozen major European curren-cie- s But some dollar traders warned that the' revaluation might not have a lasting effect cm the jitteiy U S ' Special to The Tribune Wallace F. Bennett. Salt Lake City, chairman of the board, Bennett Glass & Paint, has been elected a councilor of The Conference Board here for a life term The board is an independent, nonprofit research institution, with facilities in the United States, Canada and Europe. studying management and economics. At the same meeting. B Z. Kastler. Salt Lake City, chairman and president. Mountain Fuel Supply a member of the board for a Co , was r term Estimated volume 3 139 contracts Live Hots 3M0Q lbs, cts per Ib 6 494 j NEW YORK fi Estimated volume Page 5 Ail NEW YORK (UPD Markets at a gience at the close on Monday m fairly active tradmg Bonds Mostly lower m American stocks Lower rairly active trading London stocks Closed sightiy higher Cotton Mures Mostly lower Gd'd Mure Moshy lowr Chicago gram futures Wheat closed up to 4 , corn uo l' to I4 oats tov up lJi unchanged and soybeans unchanged to of' 4 cents Cattle trace 25 to 50 cents higher too tob I 2 Utahns on Board lo , committee Henry Jackson. chairman, said he hoped the panel would complete work on the measure, a key part of President Carter's enei gy program, by the end of the week Sen lion The dollar, which dropped to its lowest level since October 1978. last week, remained weak - committees informal, unanimous decision The The stock mat ket F5 YORK which hit its Inch for the year late last week afer a tally paced bv oil Issues, tell sharply Mondav with the oil si. S' again leading the wav United Press International The I S dollar inched up a bit on some markets Monday from its sharp losses last week as the market absorbed the expected realignment of European Monetary System currencies The dollar was mixed in New York Gold rose sharply in what dealers said was a resumption of extremely volatile trading that cnaracterieJ last weeks wide price swings Higher in Zurich In Zuru h gold opened $7 higher at $376 50 an outlie and closed at $378 50 In Iaindon gold opened at I7X 25 an ounce and closed at $.177 75 compared with Fridays $.569 50 In New York gold closed at $376 25 "Today's trading was the same highly nervous reaction to the high prices for bullion that existed last week," said bullion trader James Sinclair "Professional traders are anxious buyers and anxious sellers, afraid to miss a major move m eithei direction The committee took its action as an Exxon Co official urged Congress to ieject Carters plan for a new government funded Energy Security- Corp to nurture the synthetic fuels industry W. T Slick Jr., a senior vice president at Exxon, told a House subcommittee that while the heavy federal financial support will be needed to develop synthetic fuels, existing government agencies such as the Energy Department should be in charge "The Department of Energy was created to administer this nation's energy programs and should lie given the charge to do so in this instance, Slick told the energy and power subcommittee of the Committee "Shape Up Department' Other opposition to Carter's plan came trom Rep Patricia Schroeder. 'I think a better solution might be to shape up the Department of Energy and give the responsibilities that would be given to the ESC to the synthetic fuels division within that department " s Potts lated Pres, i itci ssih iu.iiu-- . Dollar Higher, Gold Jumps Plan Associated Press W nter WASHINGTON The Senate Energy Committee, beginning work on legislation to foster a synthetic-fuelindustry, agreed Monday to include $1 billion in the measure for development of fuels from organic-wast- . j 20 Synfiiel Plant By Dav id Espo I l Tuesday Morning. September 25, 1979 1n, Fuel-From-Wa- ste Market Plunges Sharply By Mai k Mai ki - Fake Bealiiin Oil Sribnnr r ( liusinrss oil of h Panel OKs o t i Im mi Invrtst V s Funds 6 S4 IS 1? um 61i r 41 64 S8 IJ 9 6 ft 8 M m Over tli Oounter Monday $ Quotation mteidexir pf Quota ons trom the NASD are representative P m 'ntt rdeaier markets hanyie ttirosigtout ttic dav approximately not include markup ma'kvlown or commission Mid zi Men 90 96 48 60 Verrilv Ot Mos.iPet HesdoiM G M M M M M ni Pl Msb'i MYiasco Wmm,i V vPw M Knud Mitona V Fy.i Mbtr.M MutOm 20 2 2 94 40 40 40 04 M 20 2 AI 7 rrf 7S S S 8 17 9 1i 10 &V 5 7 si 0 vv. 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