Show OD Ogden Standard-Examin- Thursday May 24 1984 er 1 Stocks and mutual funds NEW YORK (AP) — Stock prices fell broadly today with banks leading the retreat extending a slide that has sent n Wall Street’s indicator tumits lowest level to bling 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 best-know- -- Wednesday’s close of 11 1380 was the lowest 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 Clorox 120 Coastal 40a CocaCI 276 Coleco ColoPal 128 ColPen 140 Coltlnd 220 ColGas 318 CmbEn 184 Comdr $ CmwE 3 Cmsat s 120 ConsEd 212 ConFd s 130 CnsNG 216 ConsPw 140 CntICp 260 CntIGr s 188 Contlll lj ContTel 172 CtData 66 Coopr 152 CornG 232 CrockN 120 CrwnCk CrwZel 1 CumEn 2 9 167 6 x95 13 Vs Vs - 285 14 Vs— 'a 9 826 22 8 38 21 10 236 45 Vs 6 176 32 15 204 30 V- s7 809 30 -- 1 51599 23 8 30 23 — 6 574 25'- s- Vs 8 274 26 Vi— 8 49 35Vi — 34 7 2 572 i4 4 529 26 9 290 35 '2 8 3 8179 8 1226 19 — Vs 7 228 30 — 20 114 2734 Va 15 42 60 - 270 726 11 13 2 DeltaAr 60 Dennys 72 DetEd 168 DiamS 176 Digital Disney 120 760 6 267 103 442 17 2622 30 2865 11 72 1854 50 13 24 Va 3934 16 Va 22 Vs 14 Lehmn 298e Levitz s 72 LOF 120 Lilly 290 LincNt si 68 Litton 2 Lckhd s 15e Loews s 25 LnStar 190 LILCo 50i LLand n 1b LaPac 80b LuckyS 116 29 4334 1'2 - 58 -— -- - 23 7 29 75 d20 27 16 Vs M-- - M STUTTGART West Germany (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 Neither union nor management representatives were opti- Vs — — 29 66 34 71 - 293- 465-- 13 30 - MGMGr 44 Macmil 80 Macv 104 -- Vs mistic '2 Marriot 44 MartM sl34 Masco 44 MaseyF 26 29 '2 30 33 12'2 20 86'2- -l 12 Va MayDS 240 Maytg 240a McDerl 180e McDnld 116 McDnD 162 '2 653- 4- Vi McGEd 2 McGrH 124 McKess 240 Mead 1 Melvill 132 Merck 3 MerLv s MesaPt 4 9 134 Nil 25 NSemi s NevPw 272 NEngEI 340 Newmt 1 NiaMP 2 NorfkSo 320 Nortek 08 NAPhl $ 1 NoestUt 148 NlndPS 156 NoStPw 324 Nortrp 180 G- -G-- 35 27 — 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 would raise labor costs 14 to 18 percent and price West Germany ur 40-ho- ur -- out of vital export markets Gustav Fehrenbach a senior 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 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 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 a week Sued-deutsc- he 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 in 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 mark takeover 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 1 N- 9 2853 25 233 14 8 239' 39 17 25 35 12 157 27 11 29 21 7 664 30 49 24 23 1735 13 7 24 8 6 207 32 30 258 44 5 440 14 8 133 53 8 45 13 8 20 31 4 345 11 7 340 13 6 63 36 10 38 83 NabscB 248 NatCan 1 NatDist 220 NatFG S NatGyp 176 98 spokesman gart hall foir -N-- 273 bly line components Ortwin Witzel said 80 NCR S 80 NL Ind 20 17 a has created a shortage of assem MidSUt 174 MWE 268 MMM 340 MinPL 256 Mobil 220 MohkDt Monsan 460 MntDU 244 MonPw 280a Morgan 4 Morton 176 Motrola 160 Motrl wi MtFuel si 44 AMPIn 192 achieving 35-ho- ur MagiCf 80 viManvl MAPCO 1 MarMid 160 Vs 1534 of breakthrough in the 11 -- day-old work dispute over a some week that has idled 250000 workers Talks were to begin this afternoon in a Stutt- MdsFd 9 85 213- 49 194 74 29 462 43 Vs— 11 7 10 291 90 5 19 488 16 870 LeeEnt Va 154 9 20 -- 19 LearSg 180 LeaRnl s 36 -- dl9 38 35'b 11 105 107 187 LTV 25 LearPt 84 24 84 10 13 41 -L- -L - Dana s 120 DartKr 424 DatGn s Dayco 24 DaytH s 65 DaytPL Deere 1 558 35 55 KimbCI 440 KnghtR s 64 Kopers 80 Kroger 2 is 273A — — Vs Va -— — — — Vs and Esmark President Donald Kelly Esmark spokesmen said Va 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 today made an offer of $24 billion for recomwas expected to Kelly mend that the Esmark board of Esmark May 4 That offer indirectors accept the new bid cluded participation by Kelly which totals $26 billion at its and other top management from Esmark regularly scheduled meeting toAs part of the deal for the new day bid Esmark agreed to give BeThe meeting late Wednesday between the two executives re- - atrice the right of first refusal to -- -- -- portedly arranged by the compa- Vs Vs ZCMI holders It’s a “golden era” for ZCMI told the meeting Wednesday basing his forecast on lower unemployment greater Northern index Swift-Hunt-Wess- on at an Esmark spokesman said Swift-Hunt-Wess- on which Be- atrice reportedly considers one of Esmark’s most attractive divi- sions 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 reports record earnings S ALT LAKE CITY (AP) — ZCMI had record earnings in 1983 and expects business to be even better this year Joseph A Anderson president told stock- Anderson acquire $60 per share public optimism and the decline in flooding “The weather has been a con- tinued threat during the past three months” he said But now 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 et at least 10 off -C- -C CBS 280 CIGNA 260 CPC Int 220 CSX s 104 Caesar CRLkg43 CamSp 230 CapCits 20 Caresa s 42 Caring g 40 CarPw 252 Carrol s 05 CartHw 122 CastICk CatrpT 150 Celanse 4 CenSoW 190 CnllPS 160 CnSoya 84 CentrDt 15e CessAir 40 Chmpln 40 ChamSp 40 Crt-te- ed viChrtC 50i viCht wt Chase 365 ChesPn 192 CNWst ChiPnT ChrisCr 481 Chryslr 15e Citicrp 206 Citylnv 2 ClarkE 110 ClevEI 240 - - 331 70 6 2002 35 13 1172 d35— 8 1147 20 — 22 285 10 -170 24 10 62 54 — 16 33 14634 7 26 12 — 33 13 6 244 20 13 8 24 10 897 20 — 24 189 13 10 356 276 8 3A -- Va Vs 17— 545 1 25 4 2656 d3934 11 488 34 10 31 25 1 133 21 1 25 57 21718 Vs — Vs —2 Vs — Vs - 213- 4- 5 2592 d29 10 1437 40 30 299 28 4 490 15 4 Vs — 1 Va Va -- Vs — intrlk 260 IBM 380 IntFlav 108 IntHarv IntMin 260 IntPapr 240 IntNrth 232 Ipaico 292 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 — RLC s 20 RalsPur Ramad Va Va 14 -- 6— - ' -J - 12 3198 d32 10 162 26 1 10 25 66 25 75 K— K— 6 83 1 3034 20 113- 430 SearleG 52 Sears 176 10 280 5 86 11 128 8 82 9 161 13 12 809 SFeSP n SchrPIo 168 Schlmb 104 ScottP 112 104 3 31 - 8 27 13 126 1834 7 36 -- 9 10 10 Seagrm Vs ShellT 199e Shrwin 76 Signal 94 Vs 34 12 25 3 24 38 57 27 11 201 932 13 3855 8 666 167 104 7 14 -Vs — — — Vs 10 Vs 8 810 24 Vs 8 127 4-2834-12 14 38 -3625 327 20 59 634-50 34 -- 1 5 514 9 x296 d3934 34 -323- -- 170 7 281 20 207 5 866 3734-- 22 Vs 35 Va Va 261 13 2446 36 48 -26 33 Vs 39 -- Vs 10 21 11 9 475 9 165 80 ShellO 2 Vs 7Vs 456 77 22 9 — — 107 297 74 -S- -S SCM 2 Safewy 150 StRegis 112 Vs Vs — 14 14 Vs 15 V- 27 7 482 K -s- 14 10 13 92 Ranco 84 RangrO Raythn 140 ReadBt 40 ReichC 60 RepAir RepStl 50 Revlon 184 Reynln 320 RevMtl 1 RiteA s 41 Robins 68 Rockwl 1 Rohrln Rorer 108 Rowan 08 RC Cos 104 RoylD 282e RyderS 108b Vs 6— J- JohnJn 120 17 139 --- 8 1125 30 253 d 45 1- 0- Vs 24 85 13 — Vs Vs 262 43 Vs 129 22 262 1- 1- 34 10 13 48 3t 12 3627 10713 74 24’- s3031 10 168 35 11 490 48— 8 521 40 Vs 6 63 27 — InldStl 50 Intrfst 60 1 703- 4- 20 Vs 834 3 IdahoP 308 IdealB IllPowr 264 ImpCh s99e ImpICp Inexco 14 IngerR 260 17 Vs 14 159 18 15'a 17 dIOVs— 15 18 57 13 1309 9 18 18 43 846 34 9 44 18 7 16 3134 22 18 8 8 INCO 20 41 1144 Ind 260 ITT CP 276 IU Int 115b 1C IBM typewriters 19 125 8 2282 11 101 -“ 31 58 7 2 37 11 70 26 12 613 26 want -- Va — -- 1 10 off means you can save a lot of dollars on IBM’s line of most preferred office type- 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 Joliet livestock JOLIET III (UPI) - Livestock Thursday: Cattle 35 too few for market test - Har-ma- NEW YORK (UPI) No bu 1 0 Antimony domestic refined alloy $200 lb 69625-720- Wed: Open High Low Sente Chg CATTLE 40000 lbs cents per lb -- 18 Jun 6600 66 00 6577 6592 -- 15 Aug 64 00 6410 638 5 6397 -- 17 Oct 6310 6310 6292 6305 -- 05 Dec 6415 6427 6410 6427 -- 05 Feb 64 50 64 75 6450 6472 -- 15 6555 60 6530 65 6550 Apr Prev sales 10944 prev day's open int 47368 off 134 FEEDER CATTLE 44000 lbs cents per lb 6655 6675 6650 66 72 Aug -- 03 Sep 65 85 6597 6585 6597 -- 05 Oct 6550 6575 654 5 6570 -- 10 Nov 6630 6640 6625 66 40 -- 15 Jan 6700 6700 6700 6700 -- 05 6745 6745 6750 6750 Mar 776 Prev sales Prev day's open int 7589 off 201 HOGS 30000 lbs cents per to Jun 5330 5370 5310 5362 Jul 56 95 5750 5657 5745 Aug 5800 5865 5772 5857 Oct 5640 5670 5625 5667 Dec 5665 568 5 5615 5682 Feb 5640 5700 5627 5697 Apr 5190 5235 5185 5230 Jun 5480 5520 5475 5520 Jul 5490 Prev sales 10951 v Prev day's open int 36143 off PORK BELLIES 38000 fcs cents per lb May 6525 6565 6485 6542 Jul 6470 6695 6440 6662 Aug 6380 6545 6335 6527 Feb 7710 7760 7650 7752 Mar 7600 7680 7600 7680 May 7720 7720 7720 7795 Jul 7850 7855 7850 7900 7680 Aug Prev sales 10814 Prev day's open int 17084 up c-- lb 2500-280- c-- lb non-prima- ry c-- lb 14300 Board of Trade CHICAGO (AP) — Futures trading on the Chicago Mercantile Exchange c-- lb 999 percent Manganese boxed regular 7600 Mercury 17 33 37 22- - 30 37 35 28 13 -- 28 137 117 25 25 20 10 30 14 In Copper electrolytic delivered 0 US Lead common US primary 0 US producers (secondary) producers 2900 Magnesium 998 percent ingot cwt lb holsteins 5900 1250-13- 00 Feeder cattle: trade moderate oouple loads of medium and large 5 lb steer 6800-70frame 1 couple loads of 750 lb steers 5950 couple loads 0 load 675 lb lb heifrers 00 500-52- c-- lb hard winter wheat 346 No 2 yellow corn 624-63No 2 barley 565 cwt -- SALT LAKE CITY publication: Aluminum primary 995 percent plus pure 50-l- b Ingots 8100 Denver grain DENVER (UPI) - Grain Wednesday prices as (UPI) Latest Trade at area feedlots slow metal market prices quoted through midweek demand light Thursday by the American Metal to moderate Market authoritative metals Slaughter steers: toad of NEW YORK (AP) Handy n and spot silver Thursday S9040 Engelhard silver $9015 fabricated S9646 $8920 was the bullion price for silver earlier In London flask Nickel $32200-$3350- c-- lb 0 75 5900-600- 5550 Ogden grain OGDEN Utah (UPI) - Grain prices Wednesday Under 11 percent protein wheat 6 cwt 6 bu off No 11 protein 360-37- 76-l- b electrolytic cathodes fob Port Colborne 450-4- Ont $329 lb Palladium NY Am Met Mkt 360-37- 05 No 01 12 protein 415-42- 6 bu 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 Just dial tine IBM uunadbei below off bu No 13 protein 435-44- 6 6 dealer $15450-1565- 0 bu up 01 per troy 0 ounce bu off No 13 spring 01 Platinum soft 995 fine pro0 bu x No 1 soft white ducer $47500 8 bu unch 0 per troy ounce — No 2 yellow corn 650 cwt Steel No 1 heavy melt scrap Pittsburgh $10200 per gross ton unch (consumer buying price) Am Met Mkt composite scrap price $9367 per ton Tin NY Am Met Mkt exCHICAGO (UPI) Grain and dock — 60000 Tin NY Am Met Mkt alloyer soybean futures were mixed at midmorning on the Chicago price — 64200 Titanium aircraft qualify 8 Vs Board of Trade 1 to up 1 Va Corn was off inch round rotating billet fob cents soybeans off 3 Vi to up 2 shipping point $1260 lb domeswheat up 2 to 3 and oats untic sponge 993 percent $555-58- 5 changed to off Va lb 435-44- 416-43- 416-43- dealer-appro- 362-37- $38900-3920- Chicago grain c-- lb c-- lb - Ogden (801) 479-942- 2 |