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Show tyi - if Duffv ii- - -y liftTfr rtv li! Less b Bruce Hammond : wiaii mat pucwak FINALLY mauft OUIOFWOWCEI Than Expected owuiTH! - Breaks Longstanding Policy By Approving Flight Attendant Union AFL-CI- O that is the key and governing distinction. Kirkland noted that the AFL-CIconstitution since 1955 has had a Associated Press Writer HARBOUR, Fla. The AFL-CIdeparting from a longstanding policy of promoting union mergers, approved on Thursday the first charter for a union run by wom- - BAL O en. provision stating that it is the poliand its offices to cy of the AFL-CIencourage and promote voluntary merger. NEW YORK (AP) The nations basic supply of money expanded by the $300 million in Federal Reserve said Thursday. The increase was less than the credit markets expected, but did little to curb fears that the Federal Reserve might soon restrict the availability of credit further and lift interest rates, analysts said. In the money markets, some short-terinterest rates edged lowreer following the lease of the money supply statistics. But rates and bond prices overall showed little change. The rate on three-mont- h Treasury bills, for example, remained at 9.23 percent, up from 9.15 percent late O Average Price for House Down Slightly in Late 83 The federations executive council granted the charter to the Association of Flight Attendants, which for 10 years has been seeking independence from the parent Air Line Pilots Association. Joyce Miller, head of the Coalition of Labor Union Women, and Linda Puchala, president of the flight attendants union, hailed the councils decision as a major advance for women in the labor movement. The pilots union did not resist the flight attendants' request for a separate charter, though the latter union had been pushing for independence for 10 years. Women constitute about a third of the 13.8 million members of By Virginia Robicheaux Tribune Washington Bureau WASHINGTON The median sales price of an existing singlefamily home in the Salt Lake City area was slightly lower in the last quarter of 1983 than in the comparable period of 1982, according to new statistics from the National Association of Realtors. The statistics show the median sales price of a home in the Salt Lake area was $63,100 in the last three months of last year, or 1.1 percent less than the average $63,800 price tag during the last - 34,000-memb- unions. Since the merger of the American Federation of Labor and the Congress of Industrial Organizations in 1955, the organization has encour- quarter of 1982. Of 30 metropolitan areas surveyed by NAR, the median sales prices of existing single-famil- y homes were down in only three other areas during the last quarter of last year. They were Fort aged mergers and consolidations among unions. Earlier this week, the policymaking council denied a separate charter to the National Hospital and Health Care Union, which was seeking to get out of the Retail, Wholesale and Department Store Lauderdale, Fla., where the median price of $72,300 was down 0.6 percent from 1982; Kansas City, Mo., $56,400, down 0.7 percent from $56,800, and San Diego, $98,600, for a 1.9 percent decrease from the median sales price of $100,500 during the last Union. That parent union, unlike the pilots union, resisted the charter move. AFL-CIPresident Lane Kirkland told a news conference that there was no contradiction. One had the support of the parent union and the other did not, he said. It (the hospital workers) had the opposition of the parent union. ... And quarter of 1982. The other metrolpohtan areas surveyed by NAR showed the fol- lowing average increases over the last quarter of 1982: Albany, N.Y., $50,500 ($47,500), up 5.9 Birmingham, percent; Ala., $61,400 ($60,600), up 1.3 percent; Boston, $84,900 ($77,300), up 9.8 percent; Chicago, $75,900 ($74,000), up 2 6 percent; Columbus, Ohio, $58,800 ($57,900), up 1.6 Dallas-For- t Worth, $78,300 ($71,300), up 9.8 percent; Denver, $78,200 ($75,900), up 2.6 percent; Detroit, percent; $47,800 ($46,600), up 2.6 percent; Houston, $80,000 ($78,000), up 2.6 percent. Indianapolis, $49,800 ($49,500), 0.6 percent; Los Angeles, $111,500 ($110,400), up 1 percent; up Memphis, Tenn., $61,700 ($57,400), percent; Milwaukee, up 7.5 dence, R.I., $56,200 ($50,500), up 11.3 percent; Rochester, N.Y., $54,900 ($49,800), up 10.2 percent; St. Louis, $58,700 ($54,600), up 7.5 San $62,300 ($58,100), San Antonio, Texas, up 7.2 percent; Francisco, ($126,600), up 2.2 $129,400 percent; San Jose, Calif., $128,600 ($122,600), up 4 9 percent; Tampa, Fla., $55,400 ($53,900), up 2 8 percent; Washington, $89,000 ($85,700), up 3 Sustains Expansion The central bank wants to provide enough money for the economy to sustain moderate expansion, but not so much as to fuel inflation. The credit markets are worried that the Fed will view the continued strong expansion cf the economy, along with recent increases in the money supply, as a threat to its antiinflation stance. If so, some people worry the Fed will work to slow money growth, thereby lifting interest rates, in order to keep the economy from overheating. Wall Street also is more preoccupied with the strength of the economy than recent money growth, some analysts said. Ted Gibson, an economist at Crocker National Bank in San Fran 9 percent. a CF HAYES forJOYSTICK (Mach.,) Apple and WORTH 44.95 IBM 5 B1 24, 1984 1 prior weeks figure was originally estimated at $532.9 billion. Ml represents funds readily available for spending, and includes cash in circulation, checking ac- cisco, said that even with the latest increase the money supply still remains within the Feds growth targets. Most of what (Fed Chairman) Paul Volcker has been saying relates to the strength of the economy, and I suspect the more important figures Thursday were new-ca- r sales, which were strong again, he counts and checks. non-ban- travelers k seasonal Gain For the latest 13 weeks, Ml averaged $527.7 billion, a 5 8 percent seasonally adjusted annual rate of gain from the previous 13 weeks. The Fed has said it would like to see Ml grow between 4 percent and 8 percent from the fourth quarter of 1983 through the fourth quarter of said. Sales Surge The six major U.S. automakers said sales of new cars in surged 73.3 percent above year-earlithe industrys best levels sales performance for the period since the boom year of 1973. 1984. Meanwhile, the Federal Reserve Bank of New York said commercial and industrial loans at major New York City banks fell $33 million in the week ended Feb. 15, compared with a gain of $686 million the previous week. William V. Sullivan Jr., senior vice president of the investment firm Dean Witter Reynolds Inc., said the latest money-suppl- y gain is a outneutral factor in the near-terlook for interest rates. k For the period ended Feb. 15, the New York Fed also reported: Total adjusted reserves of member banks averaged a seasonally adjusted $35.95 billion. The banking system averaged free reserves of $260 million. The bank also said that, for the week ended this past Wednesday, member bank borrowings from the Federal Reserve System averaged $514 million, down from $654 million the previous week, and the Federal Reserve increased its holdings of government securities by $1.33 two-wee- Besides worrying about the economy and the Fed, the credit markets also are concerned about the declining stock market and the dollar's weakness, Sullivan said. They raise the risk of money leaving domestic financial markets, and that can only serve to intensify interest-rat- e since it pressures means less money available for borrowing, he said. The Fed said the basic money measure, called Ml, rose to a seasonally adjusted $532.9 billion in the week ended Feb. 13 from a revised $532.6 billion the previous week. The First Security Acquires Mortgage Firm First Security Corp., Salt Lake financial services comannounced agreement Thurspany, day to acquire Mission Bay Mort- City-base- $66,700 ($65,600), up 1.7 percent; Minneapolis-St- . Paul, $73,700 ($72,200), up 2.1 percent; Oklahoma City, $62,900 ($59,200), up 6.3 percent; Philadelphia, $58,600 ($58,300), up 0.5 percent; Provi- percent; Wednesday. d gage Co., San Diego and Walnut Creek, Calif. Under the agreement, which awaits Federal Reserve Board ap- - Texas Air Corp.s Losses Grow - Texas Air HOUSTON (AP) Corp., the parent company of Continental Airlines Corp. and New York Airlines, reported Thursday its loss widened to $55.5 million as revenue dropped 45 percent. Texas Air had reported a loss of $17.4 million in the same period a year earlier. Revenue for the final three months of 1983 fell to $187.9 million from $341.4 million in the same period in 1982. fourth-quart- The results include a $57.1 million loss by Continental Airlines Corp., which filed for court protection under federal bankruptcy laws on Sept. 24. Texas Air owns 85 percent of Continental Airlines. Continental, which won court protection and is flying again on a reduced basis, had lost $21.7 million in the same quarter in 1982 as its operating revenue fell to $145.8 million from $317.8 million. cr MR.1MAGSICLOTHINGISALE SS Friday, February lpaafl9HWiBflai9fSaaftipitfli4ja. U.S. Money Supply Increases 6LAPM5 By Merrill Hartson The Salt Lake Tribune v proval, Mission Bay will be merged into the corporation's Portland, d First Security Realty Services Corp. (West). Ore.-base- First Security Realty (West) operates nine residential loan orginating branch offices in California and Nevada, with annual loan volume of $300 million. MBM services about $200 million in mortgages for various investors. Edward S. Maloney II, Mission Bay chairman, will become a director and senior officer of First Security Realty (West). He also will serve on the management team of First Security Realty Services Corp., Salt Lake City, which has mortgage loan operations through 24 offices in 12 Western states. MRSMAGSICLOTHINGISALE MR. MACS CLOTHING SALE gg Open Weekdays 8 A.M.-- 9 P.M. Open Saturdays 8 A.M.-- 6 P.M. Bankcards Welcome with any $250.00 purchase MENS SUITS CLOSEOUT ON ALL ATARI, SOFTWARE up to 40 Vo OFF S 272-942- ' 5 MON.-FR- I. 10-- 3 DAYS 7, SAT. 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