| Show 4 The Salt Lake Tribune Sunday September 2 1990 9I1Z 'V4444444141441444 ' yrom!1''5'1'1 1 " : 4 r 1 " 14 L '" 662 I1 1 ' kle 4 ' 1 1 4 i I i o - I k - 49 w E Il 1 r t)) i It ' i 1 t ' - 1 4'- - 01 '1s-4- "'- limat -' - '' ' o04' pri A - i T--- ' ! f' t ) 041k-77- '' a g Ai 1 0 i j 7a44ft oho 'I''''':' it 4 i - i At” - 1 ' L i J ' :0'4" i (kt - 4 it4 !II : ' ' — 'L ': Z1r t lbs lek i!17g T:1''T!! 1' 1 it' )0 t ': - go ' lc ' 1 1 I mi NM: 41 IC "“ ' a4 ' ""Ot 4''' i ' jr" I r4t 0311r 0 --71) tts 1— Latsmi) 19' t 1"0W's ' - Customers at the Golden Arch Cafe in Hartsville Tenn eat in 1950s atmosphere with chrome-glas- s decor neon A ft I — 'i l i till - 1 1i 't 4 r - 1 :— ' 0) —Assockfled Press Loserpsors lights and a jukebox McDonald's Corp is hoping the spinmarket off gives the company a boost in sluggish fast-foo- d Commodity Broker for a Day Life in the Pits Can Be Frantic Deafening Costly By Thomas W Lippman The Washington Post NEW YORK — As soon as the bell stopped ringing I was shouting at klik top of my voice : "Twenty at 30" I yelled "Selling 00 Oct at 30" The people crowding around me (mew what that meant — I was offer"conIng to sell 20 thousand-barre- l tracts" of crude oil for delivery in October at the market-openin- g price of $2730 a barrel — but most of hem couldn't hear me because they "'ere all shouting too The din was deafening the argot hicomprehensible to the uninitiated: - "Oct at A!" "No we have 05!" :: "Oct trades 20!" - "Oct even for 10!" C "You got 14!" "Oct 40 for 20!" Is it possible to shout listen write throw think and elbow for space 'amid a mob all at the same time? It must be because that's what is required to trade oil futures on the floor of the New York Mercantile exchange (Nymex) at the World Trade Center in downtown ManhatCan This is the arena where each business day buyers and sellers determine the price of the most widely watched grades of crude oil — the price whose upward march during tie Persian Gulf crisis has been kacked in newspaper headlines and Vlevision broadcasts 'm In a simulation arranged by the exchange's directors a group of ourhalists took over the crude oil tradg pit one evening last week for a taste of life in the futures fast lane If liiat was a taste it's hard to imagine Citing the entire meal Guided by real traders who helped Gs understand and execute our oreers we bought and sold at a furious lace shouting ourselves hoarse and sale cards into tossing our filled-ou- t Ole pit where the transactions are recorded and broadcast to the world Within seconds We entered a world where money is not the biggest consideration it's the only consideration With millions 1re :- :- 0 PRESENTS THE TOTAL ANSWER TO NOSE COMPUTING 11 -- - VGA 1 Wtty A Lib 110 Tom Com 12 OR 14 AIN nappy li r tonummart MO Gaud Modem Expenekwt :arr7 MAL NONE I conform to Hank Handicapped Energy NFPA USC and all other apo)icable state etridards slate cerise and local owlet OCCUPANCY: As soon as possible BUSINESS FINANCE MANAGER CNECK WRITER BUDGET REPORTS MENU MONO AND MORE! - 14495" BC1SX 11895" BCI-- X BC1-A- THE STATE RESERVES THE RIGHT TO REJECT ANY AND ALL PROPOSALS Please submit proposals to: 6159501 T 1123115" PC1-2- 5 Ask about secodon occomraocallions NM spasm purchase Evros 131t90 BURGOYNE comPurrPs The State of Utah Division of Facilities Construction and Management requests all persons Interested hi leasing office space to the State to submit a proposal by 400 pm September 5 1990 Specifications are inViable upon request at Mis office or contact Jay A Schelin Department of Corrections in Sall Lake City at (801) Joyce H Milne Facilities Construction & Management State Office Building silo Salt Lake City Utah 84114 Te poen: 5384282 INC 19 7!!ItIrs 44' I iN 1 f t f-- - fo v--2 Out-of-Sta- Owner te the Squire Natural process a system that locks the replacement hair to your All No tape clips or surgery growing hair activities with confidence Free bochure 1 SUGARHOUSE HYLAND PLAZA RETAIL STORES rs - 0 ' 5' & FOR FIVE YEARS DIXON BUILDING OFFICE SUITES $1000 Minimum STORES FROM 925' TO 7250' AVERAGE ANNUAL YIELD 111:1 OFFICES FROM 200' UP LEASES FROM (214) from ShopKo development OTHER RATES AVAILABLE Take advantage of - 4 Years - $1000 Min 3 Years - $1000 Min 2 Years - S 100 Min central location easy parking and a thriving Other rates and maturities available Ths The oast is no an otter to sell securities only by the prospectus avaNable from made qt business community TOLL FREE OUTSIDE WASHINGTON INCLUDING ALASKA In kr-yr- al i-j - ' k 3 ''''' 1W't1 AiIAw 4 ' i In Spokane Troy Killian - 5 2tiilq4!::!!"'V't :'?!' 4 44 - ' 4 44- 530-392- : 3 or ' Peggy Peddersen 4673336 El trend systems 4 9 EXCHANGE PLACE 01 VENDEX HEADSTART 28612MHz 10 tilhZ MOthelhOard With CPU intei waft 477 1 OUR PRICE $949 '''':4 4 L7 : m XI CGA Video Card 14" CGA Monitor Star NX 10002 Dot Matrix Printer Switchable to 8 MHZ 512k VP Gradeable to 640k 0 Floppy Drive 1 state) 80387 Math Socket Switchable Speed 8 Expansion Slots 1MB RAM (Expandable to 8) 1 1 FIVHD Controller 12P1P rlopp Dnve 801-350-9179 BLUE CHIP I Parallel Pnntel Pon Senal Pon (RS 232intertace) 101Key Enhanced Kekoard DOS 33 200 Wan Power Supply FCC Class B approved SALT LAKE CITY FAX I with 40mg Hard Drive Mono Card & Monitor 8028612 (zero SUITE 900 350-918- 0 1 WARRANTY :::::4mse ir " it "'" 7:: ea 'ADDITIONAL DISK DRIVE $27 OUR bles E MS for a SA-- tolotro FREE 455 E South Tempie Salt Lake City Utah 84111 consultation Itsit expanded to 640k $99 PC AT and expanded extended 8otRAM D Uses img Up to Puis Sra5 Expanded 256 OT Uses 1TOS LIM Memon) SIMMS Suppotis 40 extended till memory baac RAM D 256k Uses RAM 8000 Compacibles RAmpAGE ''-iii- t a 40 PRICES51( ROIVANTAGE Up to 3mg Split Baddi II to compatibles AT and DRAM Uses 256k 640k i 286 S317 SIMMS1PP pS-- 2 AST and CLS2 s239 : for more information call TO Free Washington -- 363-459- less than Metropolitan Mortgage & Securities Co Inc 925 900 875 "Suggested Opening Bid for Entire 40 Unit Complex: $80000" For More Information Call: BENEFICIAL ASSET LIQUIDATORS $350ft Prime Spaces issued by Accept Best Offer Will population is about 50 miles east of Nash- ville "This is an opportunity to go places we normally might not go" Charlesworth said The cafe's premiere was news to some analysts and competitors who scrutinize everything McDonald's does because it shapes trends in the industry "Sounds like a New Jersey diner to me" said Joseph Doyle a fast-foo- d strategist at Smith Barney Harris Upham & Co in New York He said the concept puzzled him partly because it's so limited "If this thing works sthy would they keep it just in the small towns?" At least one McDonald's rival wasn't impressed "What you're going to have is a Mc Nightmare" predicted John Merritt spokesman for Hardee's Food Systems Inc "They are the masters' at what they do well but when they get out of the coloring lines it doesn't work as well" Hardee's calls itself the dominant fast-foo- d restaurant in towns under 10000 The company's research resshows customers go to fast-foo- d taurants in small towns for the same reasons as people in the city Merritt said John Maxwell Jr a securities analyst who follows the business for Wheat First Butcher & Singer in Richmond Va said he wasn't surprised McDonald's would try a new concept The company has been experimenting for years from breakfast to pizza to salad bars Some have endured while others have been quietly dropped "McDonald's has tried about everything under the sun" Maxwell said The cafe concept "may or may not signal a new direction for them" '4'7 SEPTEMBER 22 - 1:00 PM HOLIDAY INN In CHEYENNE WY t "micro-lock- " SQUIRE NAT URAL Hartsville 2674 g PIP - 383-881- McDonald's executives said more Golden Arch cafes are planned but they declined to disclose how many or where Charlesworth said Hartsville was chosen for the first site because it represents the model locale wherea such a restaurant could thrive small town that can't generate enough business for a regular $1000 grows to $159053 ol call Outside Hartsville" Center ABSOLUTE CASH AUCTION RAIVocc:lcci:aan3deOcto0030mpti Using Asahi News Service TOKYO — A subsidiary of Haseko Corp a major Japanese construction firm and developer will break ground next July on a shopping office and condominium complex in Honolulu a company spokesman said The complex is scheduled for completion in 1996 the spokesman said Total cost of land and construction will be about $500 million he said The 446552-square-fosite is located north of the Ala Moans Shopping located in SARATOGA WYOMING All Pitched Roofs Built 1981 All Separate Utilities Good Neighborhood WARRANTY 1 Firm to Build Complex in Honolulu TOWNHOUSE APARTMENTS MISCELLANEOUS: Facilities must meet all local zoning requirements Facilities must SOFTWARE Pacum wri WORP PROCESSOR SPREAD INEFTDATABASt COMMONICA - STATE OF UTAH ADVERTISEMENT FOR SPACE Rick-Japane- T'D o aL9C 40 stalls Limited NOT We learned that hands held with palms facing out tell brokers who can't hear you that you're trying to sell palms in mean you want to buy But how can you put your palms out when you're trying to fill out your sales tickets in ink and your order per barrel If the buyer doesn't actually want the "wet barrels" which is usually the case he can resell the contract recording a profit or loss depending on how the price has changed in the interval The seller's ability to deliver the oil in the event the buyer does want it is guaranteed by the trading firms and brokerage houses that hold seats on the exchange This has been a frantic month on the exchange because of Iraq's invasion of Kuwait and the disruption of world oil markets The price of a contract has doubled since early June because traders expect prices to rise as supplies dwindle Trading volume has soared In 1989 the average daily sales volume was 81812 contracts according to Nymex records In July of this year it was 91096 contracts In the week that ended Aug 17 it was 983 16 Most consumers are aware of this activity only through the bottom line: rising prices at the gasoline pump and heating oil tank It's just as well they don't have to follow the transactions here An order ticket handed to a floor trader by a runner might read: Sell 10Q CL MOC That means sell 10 contracts on August crude oil at the market's closing price Or it might say: Buy 50F HO 5420x Those instructions mean buy 50 January heating oil contracts when the price hits 5420 cents a gallon and only then ABSOLUTE REAL ESTATE LOCATION: Richfield Utah — Within Richfield City Limits LENGTH OF LEASE: Three (3) year with Options to renew PARKING: Five reserved (5) parking stalls with access to additional public parking ke The man 57 a local contractor lunching there during opening week "Hartsville needs it and I hope they need When interest is left to compound semiannually to maturity square feet RAM ILE1::H eled in Cushing Okla for $30 board in pencil at the same time? How can you record and confirm your sales keep track of the prices shouted all around you and posted on the big scoreboard overhead remember your "stop orders" to be executed only at a certain price and take new orders all in the environment of an overcrowded wrestling ring? "It gets to be second nature" Lapayover said Oil has many prices depending on quality location and terms of sale But the price most commonly quoted and used as a reference for other transactions is the price of a contract on the New York exchange Little oil is actually traded here Instead traders buy and sell contracts that give the holder the right to acquire oil at the contract price in a specified month The price of a contract here becomes a baseline for sales of real oil — "wet barrels" — throughout the world much the same way as the prime interest rate becomes a baseline for commercial loan transactions Contracts are being traded now for oil to be delivered well into 1991 The "current" contract or closest month is for October delivery An October contract at $30 gives the buyer the right to take delivery in October of 1000 barrels of a specified grade of crude oil at a terminal 0 Hard Olive Graphics YRS Mordler 1110:11 to be made or lost in seconds there is no time for reflection on politics morality or the human condition It doesn't even matter what the commodity is Platinum is traded in the same impersonal way through Nymex's "open outcry" bidding system If a customer wants to uaload 20 contracts when the price hits $2750 the trader's only responsibility is to carry out that trade not to worry about its impact on consumers or Middle East politics "If you make a mistake we'll take it to arbitration and you'll probably get fired" said Gary A lapayovez the exchange's training director He was joking but accuracy in executing and recording trades here is no laughing matter Major oil companies and brokerage houses trade on this exchange a mistake could cost a customer millions of dollars or even affect the entire market Before the simulation Nymex Chairman Z Lou Gutman told us that "once you've seen trading on the floor at first hand you'll never think of this business in the same way" He was right After a brief exposure we found it hard to believe that the system could function or that anybody could work in that environment Lapayover said temperatures on the floor often reach 110 degrees and we could believe it Working there takes physical strength to fight through the crowds stamina to stand push and shout for hours at a time and intense concentration It's easy to understand why the traders are mostly young and mostly dishev- PROPOSAL IDENTIFICATION: DFCM9008-- 3 TYPE OF SPACE: Office AMOUNT OF SPACE: Approximately 1200 o we — -- — n Ir'''4 : 4 Tenn HARTSVILLE Golden Arch Cafe serves up Coke floats and Salisbury steak platters no Big Macs or Mc Nuggets But McDonald's Corp is hoping this small-tow- n spinoff from the 1950s will give the company a break in today's sluggish market for fast food licDonald's is stepping back in time — and possibly creeping toward a new franchise — with a diner where you have to wait awhile for the food but you get an ambience With chrome-glas- s decor neon counter stools cozy lights spin-sebooths and a jukebox that blares '50s and '60s hits the cafe has been under secret development for two years targeted at communities with populations under 3000 It debuted in this small Tennessee town last week "Let's just call it the cafe of the '90s" said John Charlesworth vice president for McDonald's Nashville America is nosregion "Small-towtalgia This place feels good and this concept feels good to me" Aside from its name which draws upon the famed golden arches outside McDonald's outlets there is little about the cafe to suggest it is owned by the same people who introduced the world to Quarter-Pounder- s with cheese The typical menu fare includes a $299 Salisbury steak platter with two vegetables $399 lasagna and Coke floats in real glasses at $119 Burgers and fries are there too but without the True patrons must place their orders at a counter similar to the fast-foo- d system But afterward they find seats and cafe workers dressed in 1950s-styl- e bowling shirts serve them the food on plastic plates "I think it's great" said Bob 4 11 ''''74 'i $46' : I i 1' tAtIMO )11 0g111110 !I I t)i cl lr 4 A else— I 't 4 1 )KA A - By Phil West AP Business Writer 7 t- T f 1 ' :10"" 1 ' e-- l' - iIS ilp to a 71 ram)1:: i 4''''''A '- - a4" 11 I 141 1 -- - il ip t t 44: I 11 - 11'''14 i : i r i iA ''- 14g 4 Tlikadoililik iT - i ' :e r4 ota f - 1" 4 :w i A 41N r ? ! f 0 gry '4''''''''''Wet 4 - L l ''''N 64 i t1 N -' '444 7 t A 4 - " 2 k ' N t 4 1 Fk' 0 )4 A f ' 1 McDonald's Capitalizes On '50s Nostalgia With McDiner Concept s69 TOSHIBA COMPAQ HEWLETTPACKARD LAP TOPS DELL ZENITH APPLE TREND SYSTEMS CARRIES A FULL LINE OF MEMORY PRODUCTS PLEASE CALL! |
