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Show American Stock Exchange-CompositNEW YORK (UP1) doung mnonwtdt - Fotowng are corowff prcn tor yocxj EaOwvc Tfu?dav, BuH 40 Caesar Capes NJ The Salt Lake 'Tribune Friday, March 23, 1984 Transactions e B7 comoovjte Saws (has) Um Hni h? Cje CtfftCm 40 Low Clow Cftg Ctprop Cameo Campnat 32 2i Canogua ft Con Mar Card Equ Card) Try B 02d Bmca CastleA 60 Cast 2JQa Care Cart Caw CO Ceftu Craft Centra Gri CemenGr of CentSc l.Xd Cetec 20 ChadW Ida Chamo Hm ChamoP 77 ChaMdA .20 CHBFd 20g Chi Rrv 1.20 Chieftam Df Chiton U Crde K .74 C'taoet CihznFB Clark C H to 18d Oar o too Clausing 52 Gooav 16 CMi Cognitron Cortj .16 CoamsF wt Corrunco 40 Comm Alfa i Commodor Cmwtm Fed Comoo JO Comout Con Comout Fac ComouDvn Cncnm Kk) Concrd Fat) Condec Conner Hms Corratlv Cn Conrock A0 Conrov 30f ConsOft Gas oCont Aul oConttAir pf Com Mated Cook hit 50 Conoesl Ex Conouest ws CouwCr JBe Crwtd Engv CreslF 120 Cromoton Cross A U0 CrowtyMil CrnCenA JO CmCenB JO CrCofC 192 Crown Craft Crowntn 20 CRSSrr J4 Crutcher Rs CrvstalO 36 CSE Cubic 39 Curl Bur .70 Custom Egv Cyprus Cyprs pfIJO Dale Etc 32 Damson Oil Dmsn pf3.75 Damson wts Daiaprd Daiaram 16 Dei Lads Dei Val Deimed 48 1.68 Derose Designatm 10k Desgncr Devetopm DiagnRet A Diagn Digicon Digicon B Rl wts Board of Trade - CHICAGO (UPI) Closing range of meal futures prices traded on the Chicago Mercantile Exchange Thursday. Live Beef Came 40,000 lbs; cents per fc Close Prev. Open High Low TEN MOST WIDELY FOLLOWED STOCKS IN UTAH P.E. 1982 Est. sales 12,462 contracts; Wednesday Wednesday open inlerest 34,669 14P 15,256, - Processor bids: days. 3.XV3.6I 3 up No. 2 yellow up corn, up 15 to 30 The report showed up most strongly in contracts for delivery in the fai Those contracts climbed by the limit, 2 cents. In the pork befiv pit, and 1i cents in the hog pit, early in the to 15 days, session. But Dairy Market - CHICAGO Bulk selling prices of (UPI) butter and eggs as reported by USDA Thursday: fh.ier: Prices paid lo delivery unchanged; (92 Core A) 1.41VH.43; (93 score AA) 1.41 Sales i.j. Feeder Came 68 55 Apr - 4200 tos; cents per 69.40 68 55 69.25 Est. sales 8,833 contracts, Wednesday 9,244; Wednesday open interest 15,915 up 1,082. on and close Settlement prices previous. lb 68.60 Mutual Funds - FolNEW YORK (UPI) lowing is a list of bid and asked prices on Mutual Funds as Quoted by the NASD Inc. Thursday March 22, 1984 8.17 N.L. Ltd Mn Maglln Mass T 34.83 35.91 1004 10.14 11.28 11.63 6.72 N.L. 11.74 N.L. Mrcry Muncp Puritn Sel Enr 10 10 10.31 Sf Finl Set Him Sel Met! Sel Tec Sel Util Thrift Trend Fidu CGr Fin'd Programs: Metal Markets Bond Sh Fm Dvn Fin Ind Fin Inc Lead, common, lb.; U.S. 29.00c lb. U.S. non primary producers primary secondary) producers Magnesium, 998 percent, ingol 143.00c lb. Manganese, 999 percent, boxed regular 70.00c urrfabricated gold 389 75 oft Selling price, fabricated per trov ounce. 3.00 Estimated sales 45,000 contracts. Open interest. 130,368 oft 632. Settlement on previous and close. per troy ounce. gold 409.24 oft 3.15 SILVER and Harman Quoted silver at S9 46 per ounce, Off $0.10. Engelhard Corp. Quoted a base price for industrial silver of $9,425 oft $0,175, and a price for fabricated silver products of S10O85 off Handy fine lb. Mercury, 1300.00310 00 76 lb flask. Nickel, electrolytic cathodes, f.o.b. Port Col borne, Onl., S3.29 lb. Palladium, N Y. Am. Mel. Mkl. dealer $156 161 per troy ounce. Platinum, soft, 99 5 fine, producer $475 00; 1393.50396 00 per Iroy ounce. Steel, No. heavy mell scrap Pittsburgh $100 per gross ton (consumer buying price); Am. Mel. Mkl. composite scrap price $94.30 oer Ion. - Tin, N Y. Am. Mel. Mkl. Tin, Am. Met. Mkl. allover price CHICAGO 600 Thursday board. CHICAGO IMM are based NEW YORK (UPI) closed Thursday - New York silver 3020 to 3150 points lower. NY SILVER: - 602.50c lb. 644.75c lb. Come $400 trov Last zero omrttod round roTitanium, aircraft Quality, billet, f.o.b. shipping point, $12.60 Ib., dolb. mestic sponge 99.3 percent Tungsten powder (HRed), 99.9 percent minimum pure 111.14 per lb. lb. Zinc, prime western, U.S. n; cents per trov oi - points futures closed across the Gold lower 100 trov oz; S Opln Fd Tx Exm Flex Fd 44 Wall 44 WS EQ F&M Gr Fd Grw per trov Low Hit Open 393 00 393 00 388 00 389 00 389 00 389.00 398 50 399.50 394.00 Mar Apr Jun PRECIOUS METALS (UPI) Inti Sec Nat Res GOLD: - SO. 187. (London price fixing changes both on the previous day's closing price.) Tax Fr Wid Tec First investors: Bd Aprc Disc Fd Grwth Incom Sep Dec oz Close 385 00 387.10 394 00 41010 420.50 Prev. 391.00 393 10 400 00 41010 420 50 Estimated sales: 33 contracts. on Settlement close prices previous. Open interest: 661 off 2. Founders Group: Grwth Incom F Mtual F Soec'l Franklm Group: AGE Fd Cal TxF and tating DNTC Gold 15,575 Ions. Spot copper cathodes pound higher with buyers 1060 and sellers 1062 pounds per Ion, forward unchanged with buyers 1068 and sellers 1070 pounds per ion. Sales 300 tons. Spot tin 35 pounds lower with buyers 8365 and sellers 8375 pounds per ton, forward 40 pounds lower with buyers 85)5 and sellers 8520 pounds per ion. Sates 150 ions. Soot lead 6 pounds higher with buyers 326 and sellers 327 pounds per ton, forward 6 pounds higher with buyers 332 and sellers 333 Sales 12,775 ions. Spot zinc 13 pounds higher with buyers 733 and sellers 735 pounds per ton, forward 8 pounds higher with buyers 709 and sellers 710 pounds per ton. Sales 9,200 Ions. with buyers Soot silver 9.00 pence lower 658 00 and sellers 659 00 pence, 3 months forward 900 pence lower with buyers 673.00 and sellers 673.50 pence. Sales none. pounds per Ion. - Copoer futures NEW YORK (UP1) Thursday 40 to 55 points closed lower. NEW Argnfn CHICAGO Bd Trade ft SILVER: - 1,000 trov ob cents per trov Last zero omitted Open Hitfi Low 942 0 9300 Mar 9420 957 0 959 0 930 0 Aor 970 0 970.0 940.0 May 973 0 975.0 947 0 Jun 992.0 1012.0 1035 0 1050 0 10700 Aug Oct Dec Feb Apr open interest. 993.0 1012.0 1035.0 1050 0 1070.0 965.0 985 0 1000 0 1022 0 10350 38,199 up 456. Close 9300 933.0 941.5 950 0 968 0 986 0 1004 0 1022 0 1040.0 gprov. 961.0 964 0 972.5 981 5 1000 0 1018.5 1037 0 1055.5 1074 0 - YORK (UPI) Platinum futures 670 to 1140 points lower. NY PLATINUM: S per trev M $0 trey Mercex NEW - k; Estimated sates 6,120 contracts. interest 15,435 up 540 on Settlement close prices previous NEW YORK (UPI) 600 to 670 closed Thursday points Gold lower and futures NY GOLD: - Cemex - 100 Irev fb S per trev domestic per trov ounce Thursday: i nunnu Previous Morning frnc-- f erzeiro Britain pound Britain Britain Britain Canada dollr Canada Canada Canada Chile China peso-- f yuan Colmbia peso Denmark krne Ecudrsucre-Egypt pound Fmind mrkka France franc France France France Greece drach Hound guildr Hongkong dtr India rupee Indo'sarupia Iran rial Irao dinar Ireland punl Israel shekel Maly lira Japan yen Open GOLD 4 SILVER NEW YORK (UPt) Foreign and 4 silver prices Quoted in dollars frnc-- Beigim Beigim Brazil closed Thursday gold f peso-- fixing 393.25 up 025 fixing 391.60 Off 1.65 Over the Counter Thursday's teetattem of 2 P m market dosing Quotations from ft NASD are represented mier dealer poets as Prices do not include markuo, markdown or commission The ouoifS er provided by Dean WNiitr Reynolds me. Securities Japan Japan Jaoan Jordan dinar Kuwait dmar Lebanon pod Mexico oeso-- z N Zealand dtr Norway krne Pak.stn rupee Parguav guar Peru sol P'pnes oeso-- z Poland zloty prtugl escudo Saudi rival Smgaoore dir S Africa rand S Korea won Spam peseta Sweden krent Swtizrt franc Swilirt Swttzrl Switzrt Taiwan doNor Turkey Bra UAE dirham Urug'ypeso-Venz boivr-- z W Ger Mark WGer W Ger W Ger YugosJ dinar .03 19 .9405 0538 .018700 .017800 .0008 1.4298 1.4321 1.4369 1.4450 .7841 .7845 .7847 .7848 .0112 .4797 .0107 .1035 .0110 1.4300 .1755 .1229 .1226 .1217 .1715 .0096 .3355 .1282 .0926 .0010 .0116 3.1986 1575 0068 .000613 .004412 .004428 .004461 .004516 2 7647 3 4060 .1)68 .0059 .6608 .1319 .0755 0063 .0004 .0322 .9525 .0534 .018600 .017800 .0008 1.4315 1.4338 1.438 5 1.4461 .7836 .07 13 .07 13 .741 .7844 .7846 .0112 .4797 .0107 .1033 .0110 1.4300 .1750 .1233 .1230 .1272 .1210 .0096 .3361 .128? 0926 .0010 .0116 3.1986 1.1515 .0068 000614 004421 004436 .004470 .004523 2.7647 3.4060 .1855 .0059 .6633 .1312 .0755 .0063 .0004 31.3480 0630 18 5670 53.4760 56.W0C 1250 00 0.6990 0.6980 0.6960 0.6920 1.2750 1.2750 1.2740 1.2740 89 2860 2 0850 92.5930 9 6620 90 9090 0.6990 5.6980 8.1370 8 1570 8.2170 8 2300 104 167 2.9810 7 8000 10 7990 1000 00 86 2070 0.3130 0.8640 147 059 1631 32 226.655 225 836 224 165 221.435 0 3620 0.2940 5.6560 169 49? 1.5130 7 5820 13.2450 158 730 2500 00 14.0250 95 2380 133 333 3.5210 2.0930 Utility Rs Eatv .0105 .0105 0075 .0075 .2840 .2839 4778 .4773 245G .1035 8010 .001266 001266 719 890 .0064 .0066 156 250 .1284 .1278 7 7880 .4581 .4609 2 800 .4614 .4636 2.1670 .4669 4691 2.1420 .4750 4771 2 10S0 0249 .8249 40 1610 .0032 .0032 312 50 .7773 .2723 3 6720 0212 .0212 47 1700 .0746 .0746 134050 J?U J79 26430 3 799 .3114 2.6320 3831 JN6 3880 3894 2 $770 0001 0081 123 457 Fd Sthw G T Pac Gate Oot Gent Elec EH TxE Elfn Tr S&S LT S&S pro Gen Sec Gmtei E Gmtl Fd GIT TxF Grth Ind 30 0560 1.0500 18.7270 53.7630 56 1800 1250 00 0.6990 0.6970 0 6950 0.6920 1.2760 1.2750 1.2750 1.2750 88 2860 2 0850 92 5930 9.6810 89 9090 0 6990 5.7140 8.1100 8.1300 8.1830 8 2640 104 158 730 250000 14.0250 95.2360 133 333 3.5220 2.0950 2480 789 890 151.515 7.8250 7 1700 2.1570 21320 7 0960 40 1610 312 50 3 6720 47 1700 13 4050 26330 2 6220 2 5880 2 5680 123 457 Mnanciil; htorbarw Sifters Rates Saurc BankAmerica interna ttenai. New Yerk Bank Clearings Tfcmdw't Todv' clMrlnet t 77700,12573 Nnt I 71.01, SM.47 ywr itmp day 16.35 15.51 21.12 14.30 N.L. N.L. N.L 6.50 N.L. 8 52 N.L. 4.01 NL 8 67 N.L 14 00 NL 7.77 6.16 1289 14 82 8.41 6.31 15.94 7.22 13.77 5.62 8 79 10.26 9.74 4.90 6.M 4.58 6.06 948 N.L. N.L 5.36 6.46 3.67 Fd Conver Georg Grwlh Cpti Hlth Sci Hi Yield Incom Info Sci loti Equ Invest NY TEx Option Incom Safeco M $t Paul Funds: Cpti Fd Incom Grwth Soec'l N.L Scudder Funds: N.L Inti Fnd NL Mun Bd 5.01 6.51 83 9 98 23.90 N.L. 13 Cal Tx Tax Ex Vista F Vovag Ouasr A 1390 Rambw 1620 ReaG Fd 919 Rch TxM 6.90 Rove Fd 17 42 Safeco Group: 7 89 Eauity 15.05 Grwth 3.82 Sentinel Group: Bal Fnd Bnd Fd Com Stk Caoitl tar. Grd Prk Hamilton Group: Hami Fd Hart Gth Hart Lv Home lv HrcM Gr Investors Group: 1073 (z) 20 60 (z) 10 15 N 30.73 II.- 37 33.75 86.04 10.12 19.95 15.74 L N.L N.L. N.L Stock TaxEx World Global Globl 5 Lew Oese per bu Pm. 40 N.L 19.75 21.18 49.12 48.20 13.53 6.43 12.32 11.14 10.35 14.53 15.81 6.52 10.81 16 13 50.38 49.44 14.20 (z) 13.46 12.17 11.31 15.88 16.95 6.99 11.61 17.63 9.77 15.18 12.50 22.86 8.94 46 11.44 21.77 14.77 16 14 14.51 1566 41 86 N.L. 3.7) N.L 13.24 14.47 13.97 15.27 6.76 N.L. 14 9.39 N.L. 17.40 N.L 12.01 N.L 11.36 N.L Wednesday sales 55,185 bushels; Wednesday open interesl 285,630 up 3,670. 6,530. Oats interest open Wednesday - May Jly Sep Dec Mar 5,000 1.80 1.77 bu; S 1,75 1.78 1.84 up per bu 1.82 1.79 1.76' 1.79' 1.84 A 1,010,225 1.79 1.76 1.74 1.8034 1,771 1.773 1.83 1.771 1.74 1.10 1.77 1.74 1.771 1.83 Wednesday sales 4,315 bushels; day ooen interest 23,925 up 735. 5,000 bu; 5 per bu Soybeans Wednes- - 9.16 974 9.24 9.83 10.66 11.34 15.67 N.L. Wednesday 23 81 7.60 N.L N.L interest open 10,075. Soybean OI - 579,855 lbs; cents per 60,000 II Twentieth Cntury: 540 5.90 Gftrst r 1065 N.L Grwth 12.65 N.L Select 985 NL Ultra r 21.30 N.L US Govt Vista r - Producers Livestock Auction for SAUNA Friday, March 16, 1984. Saleable at auction 1,400 compared with 1,250 last week and 1,342 last year. demand. Average attendance. Moderate Feeder steers uneven, weights under 700 Ib. mostly 1.00 higher, weights over 700 Ib. 1.00 lower. Feeder heifers 1.00 lo 2.00 lower. Slaughter cows and bulls mostly 1.00 lower. Supply about 80 percent feeder cattle. Feeder steers: Medium and large frame 300 to 500 Ib. 70.00 lo 76.00; 500 to 600 It. 66.00 to 72.50, mostly 69.00 to 71.00; 600 to 700 Ib. 64.50 to 69.50; 700 to 800 lb. 63.00 lo 66.75. Large frame 2 holsteins 550 to 950 Ib. 48.00 lo 51.50. Feeder heifers: Medium and large frame 275 to 400 Ib. 56.00 to 59.00; couple 300 lb. 61.00; 400 to 500 Ib. 57.00 to 61.00; 500 lo 800 60.00. Slock cows: Few medium frame 7 to 8 months pregnant 450.00 to 5)5.00 - Livestock: OMAHA (UPI) Cattle and calves 1,000; slaughter cows unevenly steady, however some weakness noted on late sales; other classes not tested; cows breaking utility and commercial 3 cutter and boning utility high dressing to 46.75; canner and low cutter Hogs 3,000; butchers mostly 1.00 highIb er, fairly active; Ib many 50.00, uneven NL .91 N.L N.L N.L 1.48 6.59 8 16 N.L. 99 N.L 7 49 N.L. 13.19 NL 13.92 N.L 7.66 N.L. 12.69 9.57 10.46 12.00 13.11 32.68 (z) 9.97 10.90 11.61 4.08 4.10 1191 NL. 21.21 NL. 6.52 6.55 9591 NL 4 23 4.25 49.00-4- 9 Ib 48.50- 50, Ib 0 5 3.3? tt) 0 49.00, Ib and gilts er; 9 64 599 6.55 16.28 17.79 12.27 13.41 9.36 10 17 3284 NL. 8.98 9.76 56.00 to Ib. mixed age per head. utility cutter and cows: High boning Slaughter 40.00 to 43.90, few high dressing 44.00 to 47.25. Cutter 36.00 to 38.50. 1,010 to 1,535 Slaughter bulls: Yield grade lbs. 4900 to 52.75. Yield grade 2 and buHs for to 47.50. 43.00 lbs. 900 lo 1,525 further feeding up 8.82 li Livestock Markets R) Ib 5 0 Ib 48.00, tb 51.00. 0 - Ib 0 most some mixed sows sows firm to 50 highmany 43.00, Ib 0 U) Ib 46.00- - most over 500 Commodities 19 Discvr Soec'l NL Templeton Group: N.L Forgn Grwth N.L. 17.20 Hi Open SJOO bu; - 6 15.405 sales Wednesday contracts; Wednesday open interest 60,778 up 1,775. Ooen interest is reported by the CBOT in thousands of bushels. Settlement prices on dose. Cash Grain - (UPI) Thursday's cash grain: Truck and rail bids for gram delivered to Chicago induding delivery time, price and change from previous day: No. 2 soft wheal: up to 30 days, 3.593.61 up 6:?-No. yellow soybeans: up to 30 days, CHICAGO off 3. Terminal elevator bids days, 3.48 3.53 to 30 No. 2 yellow up corn, up 13 By the Associated Press Livestock and meat prices continued a strong advance Thursday in response to a government report disclosing a reduction in breeding stock. AM of the contracts for delivery this year, except for April advanced 0 new highs in active trading on the Chicago Mercantile Exchange. Contracts for pork bellies for delivery tn 1985 also reached new highs. Analysts said support continued to come from the Agricutture Deoartmenl report released Tuesday, which said the breeding herd was 10 percent smaller than a year ago, the smallest since the report was established in 1973. The report also said the numbers of hogs and y hogs had each fatten 5 percent. Hog and pork belly prices were sharply higher in response to the reoort. Wednesday Chuck Levitt, a livestock analyst in Chicago with Shearson American Express, said the slaughter next fall could be down 13 to 14 percent from the same period of last year. "That is enough of a decrease in suppfy to high hog prices," Levitt said challenge "It's going to be hard for the industry to come badt from that kind of houidation," he added. suvted Grain - (UPI) Wheat and corn were higher, oats fractionally higher and soybeans mixed at the ciose Thursday on the Chicago Board of Trade. Wheal was up I to 81 cents, corn up to to oats up and soybeans off 3 to up Rumors of upcoming export business, especially for corn and wheat, sparked a late rally. Commercial and professions buying was linked to ideas China and me Soviet Union would soon be in me market for more grain. Mav wheat was up more than 1? cents per bushel at one point and settled ST higher Commercials were steady buyers in me com pit Additionally, light cash supplies of corn and wheat has kept basis levels firm and provided underlying support to the futures market Soybeans ended the day tower in the nearby was evident m the contracts Some contracts settled front months while CHICAGO 2. 8'. higher. Dollar Rebounds in Europe 167 2.9750 7 8000 10 7990 1000 00 86 7070 0 3130 0 8680 147 059 1628 66 226 193 225 428 223.714 221.092 0.3620 0 2940 5 3910 169 497 5060 7 6220 13.2450 Fd US Gv S - seller Australia dtr Austria SChiH COPPER: Estimated sates: 12.000 contracts. Open interest 104.914 UP 630. Settlement on previous and dose YORK (UPt) Foreign Exchange rates and foreign currency provided by BankAmerica international Retail transactions provide fewer units of foreign currency per dollar. U.S.S Currency Equivalent per U.S.S Wed Wed Thu Thu terbank 1696 Qualty Rsrch r Tax Mn Putnam Funds: CCs Arp CCS Dsp Grwth 12.67 13.66 Sentry 10 72 11.56 Sequoia 90 2.05 SFT Eqt 6.35 6.85 Steadman Funds: 10 03 10.45 Am Ind 6 68 7.17 Asso Fd 5 38 5 80 Invest 5.63 6.07 Ocean 11 13 1203 19.37 N.L Stein Roe Funds: Bnd Fd 14.10 N.L. Gwth Sr Fr Incm Ootn Fd NY Tax Foreign Exchange - LONDON SpoI High Grade copper UP1) cathodes closed the second session on the London Metals Exchange Thursday pound higher with buyers 1061 and sellers 1062 pounds per metric Ion, forward W pounds higher with buyers 107$and sellers 1076 pounds per ton. Sales 16.6? 16 02 15 20 20.70 14.01 9.50 34.66 15.88 Wheat T4.45T5.5D Eggs Prices paid to delivery higher, prices to retailers (Grade A, in cartons, delivered): Extra medium large large sources said the report also fueled a rally In the contracts tor delivery in the next few months. ideas that producers will slaughter animats now but store them for consumption later in the year prompted buying in the nearby contracts as that would reduce the supply immediately said Phil Stanley, a livestock analyst in Chicago with Thomson McKinnon Securities, Inc Cattle prices also ware higher Thursday. Live ceitie for delivery In April advanced by the limit of cents a pound. Levitt noted that sales of boxed beef on wholesale markets picked up substantially on Wednesday, reflecting good demand from retailers. And a storm was moving into the Texas panhandle area Thursday, which could lead to poor conditions in feed lots and hinder the animals' ability to gain weight. Live cattle settled .25 cent lo 1.50 cents higher with the contrad tor delivery in April at 71.05 cents a pound; feeder cattle were 35 cent to .10 cent higher with Axil at 69.25 cents a pound; live hogs were .85 cent to 1.50 cents higher with April at 49.70 cents a pound; and frozen pork bellies were 2 cents higher In ail delivery months with March el 66.97 cents a pound. Wheat and corn futures prices were higher and soybeans were mixed on the Chicago Board of Trade. Wheat prices were by a report that Congress was once again visidering a new farm bill that would contain new incentives for farmers to leave part of their wheal acreage Idle, said Jerry Gidel, a grain analyst with Paine, Webber, Jackson B Curtis. Corn prices were helped by ideas that the Soviet Union intends to buy more corn than was called for as a minimum in the grain trade agreement with the United Stales, he said And a report that South Africa would have lo import 4 million metric tons of corn this year, added to the support. Soybeans fell with some pressure from the strength of the U.S. dollar againsl foreign currencies, which discourages exports, sources said. Wheat settled unchanged to 8 cents higher with the contract for delivery in May at 13.6) 'A a bushel; corn was unchanged to 2' cents higher with May at S3.X cent a bushel; oats were cent higher with May at 51.10 to a bushel; and soybeans were 3 cents lower to 8 cents higher with May at Sl.01 a bushel. Silver futures prices were sharply lower and gold was moderately lower on the Commodity Exchange in New York. Prices were under pressure primarily from economic signals, said Steve Chronowitz, a metals analyst in New York with Smith Barney, Harris Upham & Co. "The market had been advancing from late January on the belief that the (U.S.) dollar was going to weaken substantially, and that was the case for a white. But now the dollar apparently has reversed course again and that is the fundamental right now." Gold settled S6 to 16 70 tower wfth the contract for delivery in March at 5387.20 a troy ounce, silver settled 30J cents to 31.5 cents lower with March at 59.325 a trov ounce. - NEW YORK (AP) The dollar rose against other major currencies in U.S. trading Thursday to rebound from earlier losses in European activity. DIT CG DIT AG 9.73 N.L 76 N L. 36 (z) 100 25 N L. 14 Destiny DFA DFA 12 Infl Smi Cp DG OvSr Dodg Bal DodgCx Dr Burh Dreyfus Greupc A Bonds CalT Ex Dryt Fd Dryf Lv Grwth Intmd NYT Ex So Incm Tax EB 3rd Cent Eagle Gr Eaten Vane EH Bat EH Stk Grwth Hi field Inc Bos Invest So Eotv Tx Mge VS Soec Federated Grew Tax Fr US Gvt$ Ftdewy Greu Bd Corp Cong Com NL .94 NL 2231 NL 2548 N L. 23 27 N.L 16.30 1689 1279 N.L, 13 42 NL 1208 13 20 1591 1739 11.40 N.L. 12.41 N.L 13 20 N L. 7 76 N L. 11 03 N L. 6 89 N L 6 73 7 J6 733 790 1088 1173 4.27 615 461 504 157 937 7.46 115 1734 II 70 1266 13 84 13.91 15.20 908 9 I.- 24 163 51 4 44 N L SO 19 N 9 5) NL 1803 NL 22 10 22 Si 40 71 NL 14 00 N L II 79 N L 9 08 NL I St a D'sevr Eoulty 31 158 Drect I ExchF FkM Frdm Gov Sac Hi Incm Hi Yield 17$ II.- Nt 23 N.L. Gold prices fell worldwide and dipped below $390 an ounce in U.S. trading for the first time in a month. Republic National Bank in New York quoted gold as of 4 p.m. at $386.50 a troy ounce, down $6 from Wednesdays late bid. In Europe, currency dealers said the dollar drifted lower in calm trading as investors tried to evaluate the future course of American interest rates. The level of U.S. lending charges determines the yield of investments denominated in dollars. Following the increase in U.S. banks prime, or base, lending rates this week to 11 percent from 11 percent, people have been cooling their heels to wait for what will happen next to U.S. interest rates, said a dealer in Frankfurt. The dollar turned back up as trading moved to the United States, however, as a interest rate that on key short-terheld overnight loans among banks firm at 10 percent Still, there has been a decline in demand for dollars, which partly reflects a slowing of foreign investment in the United States, asserted Ronald Holzer, chief trader at Harris Trust & Savings Bank in Chicago. The stock market still doesnt show strength, our bond market is still very weak, and hence there is not the capital flow into the United States as we had last year, Holzer said. Meanwhile, the dollars value was little changed late Thursday after the Federal Reserves announcement of a $4 billion increase in the basic U.S. money supply for the week ended March 12, Holzer said. Credit analysts had expected a rise of at least $3 billion. The dollar began its trading day in Tokyo by edging down to 226.05 Japanese yen from 226.30 yen late Wednesday. Later in London, the British pound fell to $1.43015 from $1.4331. Sterling was unchanged at $1.4305 in U.S. activity. Other dollar rates in Europe compared with Wednesday were: 2.6435 West German marks, down from 2.6485,2.17775 Swiss francs, up from 2.1718,8.1425 French francs, down from 8.1525:2 9840 Dutch guilders, down from 2.9910:1,632.75 Italian lire, down from l,639 50.and 1.2748 Canadian dollars, down from 1.2766. A |
