OCR Text |
Show r-- JI! i ' I t ti i . i 1 s u r fl 1 v i t rr fi r V T V V T T T'rf-vrrTT'T- ! I lM I ll.tll; ,V I I lav Mai lu a t Grain I r ky t & C '"'n wlo jf tk iffiOt u Sr &jo aoQ 3d kl M.n I ..i) MAS 5 0 r b d 0 T t MRh offtrs that had stimulated auto sales tn Stpti mbtr But there also had hi i n hopes that industrial produt tom would 'bow fur'htr gain' Du simk (AP) markit tumid upward bridav in a sts'uin gut n ovi r almu't intiit Iv to t tfiuvti in w and 'pu illation Hit Dow Join ' avi ragi of ill indn' u ia is ro't 11 i'j to 8, i jH i id ting its 0sO Wr'1 i" lilMIll of I'.lllt I i I Be Co' J 0 i6s Lo wo1 h a j i ic f i'f-P- gr Bank 1 ( Irarinfi Pr TiAjv nf vH( Vi m Vjira flji s Cfdr r?$ i Idi I CWrmtft i dr lojl 5 - orii Nov. 14, 1986 VOLUVIE 72 060 000 1 whatever ntpalivt Also t imj.lu imis the data might have SHARES t had for growth prospects wtre oftsit bv a diop in open market interest utc' friees of lung let nt governin' nt bonds which move in the opposite di reetion from interest rates climbed mure than $5 for evtrv $1 DUO in fai e value The nows of the involvement of IvanBoeskv a prominent investor in proeee dings arising from an in'idm trading ease didn t break unfil atii i fie mat ktt e lose d in Ne w m k that it tad sales fill a pi i cent m Oitubtr md the btderul Kt serve s hu indusiual pioduifion was un t hanged in 'in Mint month n ilvsts h id been expecting a de i line m t'u 'itail sales data becaust of Mu i xpitaiion of i u rate financ mg I Stud bmlkinge Mew York s i ,ali Grain The Market In Brief Ncvtrtlu aiidvst' sod Mil ers bebif ivulentlv wa nt sluktn Midi the eionomv was still growing at a niodist pai t thi vvn k lo 12 y4 points Die avtrigi ft I! il rt) points T hursdav olui'u on the Nt w A ork Slot k i h ir,hi tain to 172 Ub million sh iris tdnii l Ib ! ) million the dav befon sthi trading dav ht gan invistors w nh a t rt i or fri nit si me wiakt r tn in t pi i ti d ti oni mu nt w s I he Con merte Dipartment ri I A ( Lo Week Dow Gain (.ill Takeovers, Speculation Spur Stocks VrV L9 iu 'lurk ttud 0 5 , I U rer 1 ottached) tHoug o?poo entfy j'ynifigant and yet I I Perpct-s- I rrar keVr-- r t io H Xl.i i k ).iii 1 I.IIMHM'U'I I I r ?-- THN0U.$ t Hi the r PcreTiet cr 3 stat t CSiCaS KfCbS'y referred to in con junction with tns riro r-- I Ll Ihlffv More Market Dat 5 ' d HlSSUES TRADtD 430 1,995 DOWN 733 N Y S F S & Index P Comp Dow Jones Ind 140 72 -- 244 - SO 1,873 59 - 069 1 4fl 11 39 I Gold Price Drops Below' $400 an Ounce i 4 Mr Lawrence Mr Kiss Mr Dewsnup Ms. Swenson Niw Soik ( ommndiH hvehapt'e gold was iff bv $iu u to $jyn an i unee i ompared wiMi$tU8jO late Ehursdav David .Nelson a precious metals anulvst at (be Dean WiOtr Hevnolds lm see untie firm said a $28 10 an came plunge in the spot prim foi to $o(l2 JO an ouru e platinum 'piked uver into the gold math l pine Intermountain Area Tradewinds rr Hansen. r fur s ilt R tnef plumbing in ha1 dkf ( omit president id he In n i I ui ip tinted ft ii urn il A mm utinn td IluMibmg and Ain h mu ill Otfu uls for the com ini vai Air linden a resident id Mm iiv w is i In ted at the 57th annu I 1 at dm alien and Husinus ( eufi r the 2 nun plus mi min i erg i matieii held in tfakl ind alii 'I In tsstu a ion is tin divilnptr ef tin I 'nilei m Plumbing ( mli Ra UlOfld Kiss lid' In t n mimed vu e pie seJent pi mill m, impel ill (lever lends (e a division ef Harden AJr 'i.n ks Most recmilv Kis' ( i Ms Johnson nivid ntc president salts and eiirkituu fei (lever Club Hefeit as ('lull eai her this t ai In was vnt president gtneril nun Lei el Hm keve bends in ( eliimbiis Koberl .1 Lawrence Ins Cue fnii n mud hi mapei el sti ate git " r i mi nidiket.ngdt the Hi mile' e i esp u e Hji t lies Wei ks All law h inlay son mm 'in ds Will who w js n linen Amu MR piograms minapu h'vii il months age Alt I aw rim i hi ups ntailv 23 veais el leio'piu business piogrims pie lev ( t r 1 to il' md 7s i emp ' V t ome maihiting experieme to Ik was named neutien w in 1' m in igi r in tin pi epiiUion mv s Sp k i Hi ogi ams I Iff ii i in I ii 't Sii iii itv Cei p has an Hit I i irf ii Id ri iln 'i ' Mark ef iipeintmint mt man igi r ot the tment ef I irst ' i ii itv Kink AH (, ii field omed In s, m iv m Pet! as a edit ana t e iti . e ( edt n tie is i gi adu t i In mvi i si v ot ( oh it do 1 lit U ek lm, emp inv Ii is also m i i' i v s i n ' i t di p ii i A i I i i Mr. Duerden Mr. Twede neunied that Ronald k. Dewsnup has bi en named benefits offu er in thi human resoimes division of b irsl Se urit Set ue (o the funis staff support unit A nitive of Salt Laki Cil Mr Dewsnup earned a bai hi lor of arts degrie in language and u" rooms from the I imersitv o E tali latir reuived He oftietr (DB in addition has appoint id Scott R Duerden to the position of managtr of the bank s Last Lav ton olfiic A',r Duerden began has tareei masters depm a eionomiis fium the same ni'litu lion Aliller Blue Kibbon Keef lm of Hvrum lias annoum i d the promotion of Spanish otk mi dent Renae Swenson to salts and marketing manager retail leadv ol f.d Oflal is the trimmings from i bub timed animal that ts ti moved in dressing bur the past lour sears s i lias represented tlieiompanv as pie Don as motion il repri sentative Ciritfin Johnson has been n lined as sislaiit uie piisident and uimmei i nil loan ot I k er in ( (Kiimeri lal Su u ntv Hank s Ugdi n ( ommeri lal I.uan ( ( liter AD Johnson began bei i am i at ( ommeri lal Sti uritv Hank in 1tni as a management inti i n In Alan Ii ol l'tH5 Als Johnson was named opet i lions managt r at tin b ink s H m non olfui md in Al iv of the s Hm vi ar in 1 1 'k vv i' n imed a (omnuniil at Commerrial Sccuritv Bank in Juni of 1ft85 as a loan officer trainee In 1JHb hi was named consumer loan of fuer in the Sugar House office II I.arnar Twede has been named as sistant viu president and manager of U i an f.o ild iti Inidgi tmg 'ii ( prjduittd fiom lingham Aoung mversitv in 1934 with a bai lielor of siierne degree in qiononiv and maifiem itu s Me ritmd from ihi I s Ah one after 22 vears ot ai list dutv as a pilot Die bank has also n imed Ha Iph M Selway as ii i president and bram h manager ol its b ive Points Dffue in Ogden Mr SI wav has over two and i half e irs o business edui dion at W.bu St ie t ollt gi and is in thi prints' id oh taming his bai lielor s degri e in liii'i ness adminisiration Mi has ( ompb id 'peiulii'td training in mnitgage It n ling from !fit Mints Si hoot of It mkmg and has lompiett d si v i r i! uirsi s fi oin the Amiri' m lii'idul' lit t In in 1 ')H7 i a pit d md iv tie pr ill' i)' i v H 'n ' I o ib hi pmi li I Ml ' I'lnmi AD it t ) t Mu Ii Ihl'itu ll i pi ml O't ii d bv ov i I'd 7 Ii It 11 i b ' n,' It i I ii I (ifMil. ',1 S il" it S At i 1 i n i b I' (I I H d o lid ' I , id n dt r d n i i Hu h Mil ll l f' , f III is it ' d i ij (i i rm ,v ' 0101 s i 1 Idt l M i iv I lm lo (In di m d I' o ii t l in Hiv i r 'idi I n m i 'll p (low ii f i mo I In ' ill 1" s II I i M v I hk r have lueled speculation that Borg Warner faces a serious takeover threat and investors lifted the companv s stock another $15(1 a share to $42 73 in New A ork Stock L change composite trading Fridav (iAE s stock rust HiM tents to smn $41 87M Nordstrom Reports Gains Nordstrom lm M,ATTLL(l PI sales exceeded $359 million for thi third quarter ended Ot t 31 a 23 pu cent increase over the same period last year company officials said Eli a 4y percent increase over last year. Nordstrom aid Nordstiom increased its number ol stores to 53 with the opening of a m w outlet in hsc undiJo ( ilit timing tin third quarter million i dav Sales for the first nine months of the year increased 28 percent to more than $1 11 billion from $8bt million the retailer said Neu earnings for the third quarter wtre $16 6 million - be percent high er than those for the 198) quarter while nine month earnings wtre $46 6 e hit f trader at Bank Mow md Kur of Amu ii a b New A ork 1 lading ( en b i noted that the dollar had declined turv div this week and that the is ni'ong trade!' was for it to g" b n k up igain KEN GARFF MOTOR SPORTS hi 1" tu sunburn nt 420 SEL Merecdes-Ben- z t ni vi rs Si rv u c pro n r uptu ti lnsmi'sion v I i ut siji. Mill til tn ' i i ,1 appiov pi 'Uni il of tin sign t proji to Moun il nn B II i uu'tumers If the dan is pp "vi d b Mio fb ( it w l1! be a m to Id iho ,i' mi, 'in , vi'inulu jui wi d as Ik Ipmg bi ulge tl e g ip in si i a i qualitv liilvum mhiii Ui'tiim us md host in t vi n the most emob i 1 t " hi Mill s ml it n said Mountain lit II plans in )"in nilii i ti lc hope i imip inn s in In iho m mirudiii ing Icgislati m tn tin m xt legislature tn upit itt Ida! " n 6 ii munu it inn la vs l s 4 rNOW For Farm Equipment, RV's, Soafs, Heavy Duty Equipment, American & Foreign Drive A Little Save A Lot" INTERMOUNTA IV i It Irol Both investments t ON SALE t'u 'I 'lllki HI i v i H rui"ii pn said planned restructuring spokeswoman Patricia Aoxall We do not anticipate jnv further sales before the end of the ycai She also said Borg Warner would not comment on GAh until the company rev lewed UAK s dm closure documents filed with the Sec ut lties and Lxc hange Cummm puhlit until il t Gl a specialty ( hemic als and building products concern based in Wavne NJ announced its stake in Borg Warner Tbursdav night and said it might sock a rnerpet K is said to be espec lallv in ( terested in Borg W arner s special Fi tv chemicals operations with $3 3 billion in l"8a sales also is a diversified manu fai luring and serv ti os i ompanv Al the same tune Irwin Jai utm the Minneapolis investor and t ikeover artist has am issed a 7 6 percent stake in Borg W jrner and tie also has said he might sec k i on I t i i lm m i l i hi In ,t b i'l mi nt onlrol air pollution Al'O putting pressure on gold a general weaking of de pints was mand Ni Ison said He 'aid the gnv erniirnts of Japan and the I niled States wete not buving as much for minting gold i oins as thev had been in mint months A Domex spokesman said gold mt settled below $400 on Aug Ly when the spot prut- closed it $ $87 60 Silver jI'O fell sliarplv losing 11 7 ents an ounce on the Comex where it i losed jt SatMl down from Tburs div s j 815 As for the dollar anahsts said technical faetois were mainlv re sponsible f"i Eridav s weakening The market was positioned for the dollar lo go higher said Rubeit Rvan si nu i trailer at Irving Trust I eople v ere holding too mue h and when it did nut go up as expected ili'w had to sell out and that caused th dollai to go dow n Response Slake v Thi magnitude ol tui' mw s'mt ni irid the foi U' on 'mall i nmmnnd u i' ividtnu of our 'trong mmiiid menl to lontmiu 'trving flu till inmmunii atioti' m ed' of rui il Id ho said Mill he i on pant h u just i m iplt o i Ncition m o Ai bn ' I stanlev ' , ul Hint on In il ml d vv I HI tin i pi dpi!' ll IK n o il ' " o i hk rt n't d ptod.it tiv Iv O' in i Itu bent tils ol vv mil dmn i dt s o i i I I I w P in, n 'i-ti- ;rm lUirran ( Jiicl I -- c it ' I iv HI ' on i bi ' II I ill vv i pi Oil III lilt ill di t i 'll I I honi i i I i mu Kill i li Il I i iv I Hill w v 'I m ti It si i I i o m Mill 'H md i lm i i i ii ' in' 'id i pi t no i tin ot If ink ng I ' liumpe tradeis said CMICAGOtAFi Borg Warner ( ot p had no immediate response Eridav lo GAI Corp s diselosute of a 9 6 percent stake in the com pane but Wall Street continued to bid up Borg Warners stock on speculation the compunj is a take over targi t However Borg Warner did dm pute suggesMons that its announcement 1 hursday of plans to sell its financial services unit and o her restructuring steps wue meant to thwart potential ,uitors The sale of Borg Warner h nane ial Service's is part of a - lal Si i iii itv Bank s Kov of Air I vvi de i' a n dive of 1avson 1111111111 ( fue fm outright ii unpr ding of vw ii long plat t mt nt tipiipmint m ij offues who mo b i v i i k i ti" hk i h inn al f u ild n In the first u n ot the prop t fo Hu is are to hi upgialtd ( oum Idaho (itv win I, ills sh, i'li in, onl I M o - he t I Idaho lo Gel $65 Million Phone Upgrading , At The platinum dee line was sparked profit t iking n ported predie turns of ineieised lbo7 South African pro due turn and some market concern that ! S automakers would be riiak mg ft wer tars next veal lie said The auto mdustrv uses platinum fur miking eatalvtu eonverteis to I I'Hiiing of $107 2 bv an it in dulu! was hurt bv the telea'e of I t continue indicators that seemed t" eonlradie t notions of an upturn in th1 1 uni un v pi No liorg-Warn- er On GAFs 9.6 v Mr. Gar held arliet 1 urrene ies At the Republic Natiuiial Bank i trov ounie of gold suld for JJ7 nu down ii arlv $10 fiom tiursda s lab . ft loo much supplv of dollar that from happening he said Gold pne ts on NLAOKK(AP) btidav fill below $400 ten the first time suite la'e AugLst while tfe ded Iar closed luwer against most major PHONE A OF TECHNOLOGY . Car. . - M faj , vi P t BATTERY ft Vest with leither vi I 4870874 1427 South 300 MOVING NETWORK r s v rt uilMi r r i i i I ' r i n i - SERVING UTAH, IDAHO, WYOMING FOR OVER 15 YEARS ( I, ni V S.l.C. i, - , K Hi I I'l. i1 d i ' . r I r ii ph pli Ip It- ir, hi t I r I!' t t M. , v r lit lllll t i ib ii u - iii i Ill r. ir -- I ibii ti i i Vi b I. r 1 rv 't it' Ztbrtno 'IIV1 1, wimd riivir rim niivi iiicn e 't dr vp thi high pi rh r a Hue m his LL i mlii I (unit w i1 ii i LEASE a The r'lePOininal 420 SEL lor Ubt So9S delivets OAC iLueKrl o H8b models n stork) months Of lease Rosului X PI 629 U M Mt 4 llUi 648 KEN GARFF IMPORTS 525 SOUTH STATE 521-660- 4 iJ I |