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Show akf tribune ailt Friday Morning Section January 1986 17, Page 7 C Industry Reports Strongest Gain In Production Since August By Martin Crutsinger Associated Press Writer WASHINGTON The nation's industries increased production by a strong 0.7 percent last month, the Oest showing since August, prompting the Reagan administration to predict this will be a good year for the economy. The Federal Reserve Board said Thursday that the increased output at the nations factories, mines and utilities in December marked the second consecutive monthly gain following a steep 0.6 percent October decline. The November performance, originally reported as a 0.4 percent ad vance, was revised upward to show stronger growth of 0.6 percent. Employment and retail sales both showed healthy advances in December as well, leading the administration to proclaim that the rebound in growth is indeed under way. "For two months straight weve had good strong increases in industrial production," presidential spokesman Larry Speakes said. This sizable increase for the last two months combines with other data to show that 1986 will indeed be a good year for the economy. The administration is calling for long-awaite- d Late Surge Lifts Market To 2nd Straight Gain - NEW YORK (AP) The stock market closed with a rush of buying Thursday to post its second straight The Market In Brief New York Stock Exchange gain. Jan. 16, 1986 Airline and computer stocks turned in standout performances in a fairly active session. The Dow Jones average of 30 industrials jumped 14.34 to 1,541.63, bringing its gain for the past two sessions to 22.59 points. Volume on the New York Stock VOLUME UP 917 130.460,000 J Ex- change reached 130.46 million shares, against 122.42 million Wednesday. Analysts said some pleasant surprises among the first of the current crop of quarterly earnings reports had perked up investors spirits. Computer stocks were strong for the second straight day. Digital Equipment, which reported quarterly earnings on Wednesday, climbed 4 to 146. International Business Machines, which is expected to issue an upbeat earnings report on Friday, rose 3 to SHARES UNCHANGED I ISSUES 431 N.Y.S.E. Index 120.62 0.50 S. & P. 209.17 0.91 Comp. Dow Jones Ind. 1,541.63 41. to Among the airlines, which would stand to benefit from lower fuel prices, AMR picked up 2 to 44; 14.34 to 52; and Delta Air Lines markets Thursday. HAKG A ROMANTIC CLASSIC. The Simpson Chateau Door. Put up a Simpson Chateau door and welcome your guests with a touch of romanticism. 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The gains in industrial production in November and Decemuer left the index at 126.0. For the whole year, industrial production ros by a slight 2.2 percent, sharply down from the 1984 increase of 11.5 percent. U.S. industry was hobbled this year by the soaring U.S. trade deficit. The December advance was the best showing for the nations industries since a 0.9 percent August increase with the gains last month widespread among various By Joe Rolando 2 'A ASA gained 1 to 40 and Homes-- . to 26 in the precious-metal- s take Mining group. The price of gold reached an high in world 156. This is well above many private forecasters, who are calling for growth only slightly stronger than in Triad Utah will this $6 million credit management center for AT&T build-to-su- it in Murray, The new facility is expected to employ 700 clerical workers by 1988. It Will Be Built in Murray Triad. AT&T Join in $6 Million Center Triad Utah anJ AT&T announced Thursday the development of a $6 million credit management center, expected to employ 700 clerical workers by l y88. The venture initiates Triad's "build-to-sudevelopment program and signals AT&Ts move to create billing centers independent of the Bell system, officials said at a press conference in the Governor's Board Room. The building will be located in Murray at 5245 Col it 91,500-square-fo- ot at 53rd South, offilege Drive off cials said. Gov. Norm Bangerter praised Triad Utah for "going out and selling Utah" to prospective new businesses. The Murray site was selected over such larger areas as Los Angeles and San Francisco. Triad will build the facility to AT&Ts specifications under a sold when completed" arrangement, said David T. Handley, Triad Utah president. AT&T will gain the benefits of a Aircraft Firm May Locate Facility in S.L. 2,003 654 UAL 3 in 1985. TRADED DOWN better-than-expect- economic growth, as measured by the gross national product, of 4 percent this year, compared with 2.8 percent Tribune Staff Writer Douglas Aircraft Co., a division of the McDonnell Douglas Corp., is considering but has not chosen a site in Salt Lake City for the location of one of its operations. That confirmation came Thursday from Douglas Aircraft spokesman David Eastman at the companys headquarters in Long Beach, Calif. State and city officials has revealed that talks with Douglas Aircraft have been underway since early Decem- ber. But Mr. Eastman said Utah is just one of several states Douglas Aircraft is considering for location of its operations. He said, I cant break down how many cities were looking at. The Tribune, though, has learned from a number of sources that Douglas Aircraft is also looking at Reno, Nev. and possibly one other site. Although rumors have placed the number of jobs from the potential Douglas Aircraft operation at 1,500, David Adams, director of the Utah Department of Community and Economic Development, said the work force would be, at least initially, less than one-hathat. Mr. Adams said he understands the operation would involve manufacturing for some facet of Douglas Aircrafts airplane business. He said the company likely will make its decision about the site this year, but he didnt See l, Column 1 lf C-l- good telecommunications and transportation access and a large worker pool with a good work ethic, explained Steven J. Simmons, AT&T division manager. The Utah center will handle 16 million business and residential accounts in 11 western states. Some four other centers are to be built around the country. Aim of the separation is to lower costs and improve contact with the customer, Mr. Simmons said. He noted that the facility will employ some 700 persons by 1988, and begin hiring in 1987. Most will be clerical workers, a third of whom are expected to be college students working part-timThe annual payroll is expected to be $8 million. Triads venture is its first outside of its own sphere. Mr. Handley called the effort a "direct response to market demand" for large, new quarters in Utah. Mr. Handley praised Murray officials for expeditious and courteous details. handling of Construction financing is being provided by First Security Realty Corp. and general contractor will be Culp Construction. e. |
