Show 8D Ogden Standard-Examin- Thursday May 24 1984 er Stocks and mutual funds NEW YORK (AP) — Stock prices fell broadly today with banks leading the retreat extending a slide that has sent Wall Street’s best-know- STUTTGART West Germa- ny (AP) — Metal industry negotiators gathered today for new talks on West Germany’s worst labor dispute in six years and Volkswagen announced plans to close assembly lines next week due to parts shortages n indicator tumto bling its lowest level in more than a year The Dow Jones average of 30 industrials off 3936 points over the previous five sessions shed another 660 to 110720 at noon -- Neither union nor management representatives were opti- mistic of achieving a 35-ho- ur finish for the blue-chi- p average since April 6 1983 and if today’s slump is not reversed it would leave the Dow Jones industrials at the lowest level in 15 gart hall Volkswagen the country’s largest automotive company planned to put its 113500 workers at six domestic plants on vacation starting Monday because the strike at metalwork plants months NEW YORK (AP) -- Midday national prices for New York Stock Exchange issues spokesman Workers would receive nor- mal vacation pay during closures of the plants which manufacture 5000 cars and commercial vehicles daily Witzel told The Associated Press Labor leaders claim a five-horeduction in the current week without cuts in would pay put more than 1 million jobless back to work within two years But employers say it 14 to 18 would raise labor-cost- s percent and price West Germany out of vital export markets Gustav Fehrenbach a senior German Trade Union Federation official was quoted Thursday saying that labor would accept “entry” into a week — meaning a implementation over several years starting with a ur breakthrough in the 11 -- day-old work dispute over a week that has idled some 250000 workers Talks were to begin this afternoon in a Stutt- Wednesday’s close of 11 1380 was the lowest bly line components Ortwin Witzel said has created a shortage of assem 40-ho- ur 35-ho- ur step-by-st- ep week But metal industry spokesman Dieter Kirchner reiterated in an interview with Munich’s Zeitung that employers in general would not drop below Sued-deutsc- a week 40-ho- ur General Motor’s subsidiary Opel said it would lay off about 9000 workers at its Bochum plant starting Friday because of parts shortages caused by strikes jn components’ plants The Ruhr district factory which employs 19000 people builds Kadett model cars as well as engines gears and body parts for other Opel factories in West Germany Opel’s main assembly line at Ruesselsheim near Frankfurt was idled Monday by a strike The plant employs 32500 workers and produces 1200 cars 39-ho- ur hM CHICAGO (UPI) — Beatrice Foods raised its bid for Esmark Inc from $56 per share to $60 per share in a meeting between Beatrice Chairman James Dutt Fairchd 80 Fairfd 16 Feders FedNM 16 FedDSt 240 FinCpA 68 FnSBar Flrestn and Esmark President Donald Kelly Esmark spokesmen said 80 FBkFla 108 FstChic 132 Flntste 224 today Kelly was expected to recommend that the Esmark board of directors accept the new bid which totals $26 billion at its regularly scheduled meeting today The meeting late Wednesday between the two executives re FleetEn 30 FligtSf 20 FlaPL 376 FlaPrg 204 FlwGen Fluor 80 FordM si 60 FrptMc 60b Fruehf 40 GAF GTE 3 Ganett s 128 GnCorp 150b GnDvn 1 GenEI 2 GnFds 250 GnHous 24 Gnlnst 50 GnMills 204 GMot 385e GPU GnSignl 168 Gensco takeover mmsnrlk If© IT ZCMI portedly arranged by the compa- nies’ ‘ investment bankers effectively assures Beatrice will be the winning bidder for Esmark Kohlberg Kravis Roberts & Co a New York firm specializing in corporate buyouts had made an offer of $24 billion for Esmark May 4 That offer included participation by Kelly and other top management from Esmark As part of the deal for the new bid Esmark agreed to give Beatrice the right of first refusal to public optimism and the decline in flooding “The weather has been a con- ZCMI had record earnings in 1983 and expects business to be even better this year Joseph A threat during the past Anderson president told stock- tinued three months” he said But now holders GibrFn Gillette 244 GldNg s Gdrich 156 Goodvr 140 Gould 68 Grace 280 GtAtPc GtWFin 88 Grevh 120 Grum s 90 GlfWst 90 GulfCo 3 GlfStUt 164 It’s a “golden era” for ZCMI Anderson told the meeting Wednesday basing his forecast on lower unemployment Northern index (Prices as acquire $60 per share Swift-Hunt-Wess- on at an Esmark spokesman said Swift-Hunt-Wess- which on atrice reportedly considers one of Esmark’s most attractive divisions produces Hunt’s tomato sauce Wesson cooking oil and Swift packaged meats Analysts had speculated such companies as Unilever and Nestle might make a bid for Esmark before Beatrice’s tender offer expired June 20 That speculation has been apparently eclipsed by Dutt and Kelly’s meeting greater the “flooding potential is slowing in most areas Customers should have a greater desire to shop” Volume in the fiscal year ended Jan 31 was $151 million compared to $141 million the year before Book value of ZCMI stock grew from $1968 to $2077 and net earnings increased from $329 million or $153 a share to $336 million or $168 a share the company said The Salt Lake-base- d depart- ment store chain operates nine stores in Utah and Idaho of 10 a m MST) HRTn Halbtn 180 Harlnd 92 Harris Until May et at least 10 off 88 HartH s 58 HeclaM 25e Heilm s 48 Herculs 144 HewPk s 18 Holiday 90 HolivS 1 Hmstke 20 Honwll sl90 HospCp 50 Hotelin 260 Houslnt 170 Houlnd 248 HouNG 2 HughTI 84 typewriters Ind 260 ITT Cp 276 IU Int 115b 1C IdahoP 308 IdealB IllPowr 264 ImpCh s99e ImpICp INCO 20 Inexco 14 IngerR 260 InldStl 50 Intrfst 60 k Intrlk 260 IBM 380 IntFlav 108 IntHarv IntMin 260 IntPapr 240 IntNrth 232 Ipalco 292 JohnJn 120 ' f JMK M ' i JonLog s 54 Josten 112 JoyMfg 140 mart 124 KaisrAI 60 Kaneb 104 KanGE 236 KanPLt 276 Katyln KaufBr 40 Kellogg 168 Kenai KerrMc 110 K 10 off means you can save a lot of dollars on IBM’s line of most preferred office type- Commodity listings Silver - NEW YORK (UPI) Foreign and domestic gold & silver prices quoted in dollars per troy ounce Thursday: London Previous close 37775 off 025 Morning fixing 37530 off 245 Paris 37392 off 198 Hong Kong 37630 off 285 Denver grain DENVER (UPI) - Grain Joliet livestock JOLIET III (UPI) - NEW YORK (AP) Handy n and spot silver Thursday 9040 Engelhard silver $9015 fabricated $9646 $8920 was the bullion price for silver earlier in London Har-ma- - Livestock Thursday: Cattle 35 too few for market test prices Wednesday No 1 hard winter wheat 346 bu No 2 yellow corn 624-63No 2 barley 565 cwt Board of Trade 0 Feedlot Metals cwt as Latest metal market prices quoted Thursday by the American Metal Market authoritative metals NEW YORK (UPI) publication: Aluminum primary 995 percent plus pure 50-l- b Ingots 8100 c-- lb In Copper electrolytic delivered 0 US Lead common US primary 0 US producers (secondary) producers 2900 Magnesium 998 percent Ingot 69625-720- c-- lb 2500-280- Wed: Open High Lew Settle Chg CATTLE 40000 lbs cents per to -1Jun 6600 6600 6577 6592 -- 15 Aug 64 00 6410 638 5 6397 -- 17 Oct 6310 6310 6292 6305 -- 05 Dec 6415 6427 6410 6427 -- 05 Feb 6450 6475 6450 6472 -1Apr 6550 6560 6530 6555 Prev sales 10944 Prev day's open int 47368 off 134 FEEDER CATTLE 44000 tos cents per to 6655 6675 6650 6672 Aug -- 03 SeP 6585 6597 6585 6597 -- 05 Oct 6550 6575 6545 6570 -- 10 Nov 6630 6640 6625 6640 -- 15 Jan 6700 6700 6700 6700 -- 05 Mar 6750 6750 6745 6745 Prev sales 776 Prev day's open int 7589 off 201 8 5 lb holstelns 5900 1250-13- 00 Feeder cattle: trade moderate couple loads of medium and large 5 0 lb steer frame 1 couple loads of 750 lb steers 5950 couple loads 0 lb heifrers load 675 lb non-prima- 450-4- 5550 Ogden grain c-- lb c-- lb Manganese 999 percent Mercury $3220033500 b boxed regular 7600 c-- tb HOGS flask 30000 tos cents per to Nickel electrolytic cathodes 17 5362 5110 5370 5330 Jun Port Colborne Ont 329 lb 33 fob Jul 56 95 5750 5657 5745 Palladium NY Am Met Mkt 37 5857 5772 5865 5800 Aug $15450-1565- 0 per troy 22 dealer Oct 5640 5670 5625 5667 30 ounce Dec 5665 5685 5615 5682 37 Platinum soft 995 fine proFeb 5640 5700 5627 5697 35 ducer $47500 dealer-appro- x Apr 5190 5235 5185 5230 38900-3920- 0 28 Jun 5480 5520 5475 5520 per troy ounce 5490 Jul Steel No 1 heavy melt scrap — Prev sales 10951 Pittsburgh $10200 per gross ton Prev day's open InT 36143 off 11 (consumer buying price) Am PORK BELLIES Met Mkt composite scrap price 38000 tos cents per lb ton -- 28 9367 per May 6525 6565 6485 6542 Tin NY Am Met Mkt ex137 Jul 6470 6695 6440 6662 117 dock — 60000 c-- lb Aug 6380 6545 6335 6527 Tin NY Am Met Mkt alloyer 25 Feb 7710 7760 7650 7752 64200 c-25 price Mar 7600 7680 7600 7680 20 Titanium aircraft quality 8 May 7720 7720 7720 7795 10 Jul 7850 7855 7850 7900 inch round rotating billet 30 shipping point $1260 lb domes7680 Aug Prev sales 10814 tic sponge 993 percent $555-58- 5 Prev day's open int 17084 up 14 lb - 75 5900-600- ry 14300 6800-700- writers And on the IBM Personal Typewriter ($695 list) we’ll take $100 off! But — to get these savings you must call before May 26 So pick up your phone now c-- lb 76-l- CHICAGO (AP) — Futures trading on the Chicago Mercantile Exchange through midweek demand light to moderate Slaughter steers: load of 500-52- Antimony domestic refined alloy $200 lb -- SALT LAKE CITY (UPI) Trade at area feedlots slow lb fob - OGDEN Utah (UPI) Grain prices Wednesday 11 Under percent protein wheat 6 cwt 6 No 11 protein bu off 360-37- 360-37- 05 No 12 01 No 435-44- 13 13 01 415-42- protein bu 6 No protein up spring 6 bu ' Just dial the BM member below off bu 435-44- 6 01 416-43- 0 bu off 0 soft white bu bu unch No 2 yellow corn 650 cwt unch No 362-37- 1 416-43- 8 Chicago grain - Grain and soybean futures were mixed at midmorning on the Chicago Board of Trade Corn was off 1 Vi to up 1 cents soybeans off 3 Vi to up 2 wheat up 2 to 3 and oats unchanged to off Va CHICAGO (UPI) Be- reports record earnings SALT LAKE CITY (AP) — GaPac 60 GerbPd 174 Gold he Ogden (801) 479-942- 2 |