Show v - -- - - :-: - b"' 444J01 - I 8D The Salt Lake Tribune Wednesday June 20 1990 C609MUTL FINAL FINAL B4 Narle AAtatro'all AAMa Ask 55 17 11) itl the ' eYrsl :1 ILIFGP ii4r813 p-c- 1 11 Alhasil ' 0 0 ni v '81 130y k ir '9i r 11 8 1- : i: 'iFiitt En ri AT 201 il 1 PI I 4 :11 - I I en Ps 4( WIo gr s F2 AILIwir mr 1 i Angootag1 17 — 07 I0 1 P PP la I Eorist g t - 1 § 'It F R3 ill V I t As( I ?1 ii I ti ili ety'r :ttr: 13 1::: ': Errle 1 Pfigd: 11 110: t i 21 1C tr il 4 nt v E 1 ' 1 t ir Drel t At" 9:19 39 eepe tIvi 41 I i — u P s I qit : t Tx P P :1 1 IS -- i) di 1 : -- Li 1:: n'''ipcIN' Dre I 4 WASHINGTON (AP) — Housing starts fell in May for the fourth consecutive month dipping to their lowest level since the last recession the government said Tuesday Analysts who said the decline was further evidence that the housing market continues to weaken attributed the 14 percent fall to high mortgage rates tight credit a large inventory of new and existing homes wet weather and a sluggish economy resulting in slackening consumer confidence The Commerce Department said starts of new homes and apartments totaled a seasonally adjusted annual rate of 121 million units the smallest number since 117 million units in October 1982 at the end of the last recession David Seiders the National Association of Home Builders chief economist said a survey of its members in early June pointed to continuing weakness Applications for building permits — often a barometer of future housing activity — also have fallen for four straight months noted Martin Regalia chief economist with the National Council of Savings Institutions Such applications declined 4 6 percent to 106 million after falling 101 percent in April The May level was the lowest since 104 million applications were recorded in September 1982 "It's not a rosy picture at all for the remainder of the year" Regalia said of single-famil- y percent to an annual rate of 896000 units on top of a 91 percent drop in April It was the lowest number of single-familstarts since 862000 in December homes in May fell 1 y i il li il 111 I P it I! 11 tet1:1!th pi : gAn r ' it 12 11 - 02 L id rid r al0 1:: vI Ir- - Tendll - it: t lif p I:: I - mpA pp ml e Fe '9A SO 1 2 2 't! 11 't! ri'l I I ie 003 2- :: t J: : -- illi 11i F MI fr''' U131 liN it I ! c :i 11 1 p I president and manager of the Ogden branch Prior to joining West One Mr Bachman worked for Citibank where he held positions as loan officer at the South Main office and manager of the Bountiful and Ogden offices From 1982 to 1986 Mr Bachman was a consumer loan officer at the Bank of Utah's main office in Ogden Anne Palmer Donohoe has joined Snedaker Communications Group as a health-car- e marketing expert She previously worked for The Salt Lake Tribune where she was a reporter for six years During the past four years she worked as medical editor She earned a bachelor of arts degree in English from the University of California Berkeley She is a member of the American Medical Writers Association and has been the Utah stringer for the Medical Tribune a New York physicians' newsCharter Canyon Hospital paper has announced the appointment of Michael K Evans as its new administrator Mr Evans has two undergraduate degrees from the University of Utah He later received his master's degree in social work and City-base- d health services administration from the same institution His experience in the health care industry includes serving as the director of admissions and coordinator of 4 1 ' 4 '1' o NA 0 Toot ? y- - '' rot I -- I - - i - a 2' 1 1 i t ''''''' t - 1 F i t AzT 1 il 1 nil I li : it et n k ' - The Care Center at the Western InThe stitute of Neuropsychiatry Summit Group has announced the addition of Michele Be lion as a graphic designer She previously worked as art director and graphic designer for Jones & Associates Inc and also as a freelance designer A graduate of Utah State University with a bachelor of fine arts degree she has 12 years of experience as an artist and illustrator Teresa Schofield-Coohas joined The Summit Group as creative director Her responsibilities will include developing concepts camn paign themes and directing creative products for the advertising marketing and public relaHuns agency Formerly a writer for Bonneville Media Communications she also worked as a media buyer for the Salt Lake offices of Borders Perrin and Norrander She attcrided Northwestern Uni Mr Evans Ms 4 1 t Bellon four-perso- was art directorproduction manager for Harris & Love where he supervised and started the Art Department He has more than 12 years experience as a designer and production artist He graduated from Salt Lake Community College with a degree in commercial advertising Spring Air Mattress Co Salt Lake City has announced the appointment of Todd Gerdes to the position of director of sales and Leonard Fell to key account sales representative Mr Gerdes was previously sales coor ' f 1 t0010 Ms WTI prices have fallen 20 percent since the $19 70 closing of May 14 and 25 percent since early April Wednesday is the final day of trading the July WTI contract and more of the trading was in the August delivery contract which becomes the Mere's spot contract Thursday August WTI slipped 3 cents to $1692 a barrel Unleaded gasoline for July delivery which has been the main sup porting factor in the market recent164 cents to 5992 cents ly dropped a gallon on the Mere The drop in crude prices is mainly due to the glut of oil on world markets and the failure of the Organization of Petroleum Exporting Countries to accomplish a 14 million output cutback promised in an early May emergency meeting OPEC president Sadek Boussena who was reported Monday as warning "things may soon get out of control" started a whirlwind tour of I 1! iii 1 lil wiwthell : e itl I I2 954 gm?: -- 01 3- 1 '::1 - :1 I or: -- 1 A rt g F W I 1 11 ral VII li 1 i Etgd 0i -- NYSE Leaders AMEX Leaders Name 4 s s n 16998 16 15974 58 15749 4414 14456 11834 12032 Ve 10108 69"8 85 10085 ANY's 9944 3034 4212 9491 6112 s Schofield-Coo- I 4 V2 — 14 — 7 3h 34 392 22" — 15 3771 13V4 3613 112 2169 8V2 WDIg111 1942 14 Cam Cr Diasonc Cross BAT In 1784 2434 1763 3ve 1695 29'4 1596 1114 31 4 Vs 14 — 14 1445 834 1473 434 — wt Berge s 1420 274 — SNk 193wt Dk Nk wt 1259 734 1210 834 CalEng WangB EksNk 1 4869 C t 27 1361 41i4i wsw Hi Low I c 1138 t 42034 41712 42001 211440 28193 78362 119 inc2is 290792 286638 289356 1Thaties 14244 14136 14193 Trans 118759 117007 117883 310 Finand 7945 019 009 20894 0631 211 2916 2938 500 Stoc6s35890 35618 35847 159 12 33963 14135 126 51oc6s342 'I I v s Mr Bianchi dinator for the company He joined the company as sales representative and also held various retail furniture and consumer products sales positions in Utah and Nebraska Mr Fed prior to his promotion was a sales representative for the company for five years He also held various furniture sales positions He is a graduate of the U of U Ogden attorney Jane A Marquardt recently received a Master of Laws in Taxation Degree from the University of San Diego College of Law Ms Marquardt graduated second in her class and received magna cum laude honors at the graduation ceremony held May 19 in San Diego She has now returned to the Ogden law firm of Marquardt Hasenyager and Custen and will focus her law practice on estate planning business planning and member nations to see what can be done "on the surface an attempt is being made to put Humpty Dumpty together again Attempts are being made to jawbone the market I don't think the market is being fooled" said Nauman Barakat first vice president of Shearson Lehman Hutton's International Energy Desk in New York "There was no bad news Tuesday There was only a lack of good news" said Barakat 41 I 012 Dose Indust i- -- ttt- A PIe — 02 Last Vol Amtlhl FruitL Hi 'hay n Home Sh Transpt 7 t5ti--- h 9820 ' -- -- - 4 10099 94208 9096 9022 Chg — AT&T BrM950 viLTV ' - 26 AmExp 4L'7PriAt 0 Last Vol Faltering Gasoline Market Drives Oil Prices Down Further United Press International US crude oil prices continued their fall Tuesday as the heretofore supportive gasoline market faltered bringing the drop in crude prices over the past five weeks to about 20 percent The benchmark West Texas Intermediate crude for July delivery ended the day on the New York Mercantile Exchange down 29 cents to $1565 a barrel the lowest Mere closina price since the $1549 recorded on Dec 6 1988 11 t Name -— r- t 1 0 41 S&P 500 Index Dow Jones Range : it v ' versity and the U of U Daniel Bianchi has joined The Summit Group as senior art director He will be responsible for the n Art Department and will have graphic responsibility for print outdoor and broadcast advertising and collateral materials for the advertising marketing and public relations firm He previously t 7: jin Citicorp i riPg""777121? - i i - i g 0 sten (keel 11 1 t 4 Ili kNit We4 I Gen El Motor la FdNM s 4: k -- 11- 92 Fd) tgi : s a v :- css t I il s4 e ti GM i t'' I !it lir A Ms Donohoe ' W 1: Chrysir Boeing PhilMr IBM :82 Tv '1 : 81 in OcciPet 25572d 11913 a e"'''''t ' i PCIT Wa W Is E J ilt' : 7t I S I Adv't kc i ' 1 :- Mr Bachman -- sa 71 :: 83 "1 i Ou I ' !14 1 II V 1 i 1 4 k littn i - : gvecipr us - 8 s ' - 4 ir"Iff5" 14-: r VSVI -- AI- :51 1 nt 4: GrPPI t : 11 I r r r r 0 1 Intermountain Area Business Tradewinds Rex G Bachman has joined West One Bank as assistant vice gg ig Tv4 U v ilb 7 li " 3 - 1 ) 01 lir' 1 161 403 1 PorlIA S y gi' —61 -- P r ( ' ILI 1 1t 81 tk: : - : 4 I 1 ii'llPs i nctvrits 1? 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