Show 6B 27 1986 June Friday Ogdon officiai Rules call for cellular phones claims p regress on output act BRIONI Yugoslavia (AP) — OPEC'S president said today the oil cartel has made progress toward an agreement on production policy and could finish its talks by Sunday Rilwanu Lukman of Nigeria told reporters during a break in the conference — now in its third day — that concrete proposals had been put on the bargaining table He refused to describe them "We're talking price levels we're talking production ceilings that's what we've been talking about all day" he said Asked if a morning session had made progress toward an accord he said "Yes I think more be He would not so" specific "We do hope we reach an agreement by the weekend" Lukman added He said the ministers would gather again tonight Other oil ministers emerging from the morning session declined to talk with reporters Conference sources said Lukman told colleagues to avoid commenting on the deliberations The leaders of the Organization of Petroleum Exporting Countries spent the first two days of their conference assessing the world oil market and discussing how high they would like prices to rise The talks are being held in an opulent hotel overlooking a secluded harbor on the largest island in the Brioni archipelago The late President Josip Broz Stock report Thursday's closing Dow Jones avg 30 Industrials 188020 485 Close down NYSE Volume Profile Down Same Up 772 737 439 Issues traded: 1948 Index 14267 down 007 Composite volume 151501050 S&P 24874 composites down 019 graphic Stocks resume rally NEW YORK (AP) — The stock market gained ground today resuming this week's rally as interest once rates declined more The Dow Jones average of 30 industrials rose 647 to 188667 in the first hour of trading moving above the record close of 188590 it set June 6 Gainers outnumbered losers by 3 to 2 in the early tally of New York isStock Exchange-listesues volume on the Big Board came to 2956 million shares Analysts said a round of buying at the opening was inspired by rising prices and falling interest rates in the credit markets Prices of government bonds rose $5 to $10 for every $1000 in face value in early activity today Going into the session before the midway point of I9S6 the Dow Jones industrials sported a 32710-poigain since New Year's Opening-hou- r The NYSE's composite index of all its listed common stocks gained 32 to 4299 At the Stock ExAmerican change the market value index was down 29 at 28356 WASHINGTON (AP) — Additional TV stations and cellular telephone service could come quickly to rural America under procedures begun by the Federal Communications Commission on Thursday New licensing rules could have cellular systems in operation nationwide by 1988 and would allow faster establishment of TV stations However in voting to set rules for license requests the FCC threatened prosecution of those who file phony applications FCC Chairman Mark S Fowler warned "charlatan applicants" they could be prosecuted for misrepresenting their identity or their ability to build a system For cellular phones once licensees are picked J e Tito once used the island as retreat A majority of the OPEC ministers favor a price target for the end of the year of between $I7 and $20 a barrel Iranian Oil Minister Gholarrreza Aghazadeh told reporters after Thursday's session Aghazadeh said he saw no economic justification for seeking a price in that range He wants OPEC to cut its production enough to drive prices back to the $28 level that prevailed late last fall before a switch in OPEC strategy triggered a massive price drop The Iranian minister declined to say whether he would stand in the way of a majority decision — as he did at OPECs most recent meetings in March and April when he headed a minority alliance that also included Libya and A Mark S Fowler for the 305 largest metropolitan areas the commission will accept applications to serve 400 Rural Service Areas Because it expects 500 applications per area the FCC wants applications filed on microfiche which reduces 60 pages to a single postcard-sizdocument A cellular system divides an area into cells each with a radio transmitter to carry calls which are automatically switched from cell to cell without interrupting the conversation Because the system is low power the same frequency can be used again in nearby cells allowing room for more mobile phones The commission grants one cellular license in each area to a telephone company and another to a company Business in brief Examiner Standard Algeria The most widely traded grades of crude today sell for between $12 and $15 a barrel Even with a provisional agreement on a price target OPEC would gain little without settling the stickier issue of how to control production Last fall the cartel abandoned its system of production controls which sets an overall ceiling for the group and assigns quotas for each of the 13 members The ministers generally agree d that controls should be The problem is deciding what ceiling to set and how to divide it among the members The value of construction contracts in the US fell 9 percent in May a drop attributed to concern over the impact of the tax plan being considered in Congress according to McGraw-Hia private building research firm tion was scheduled at 75556 units compared with 75824 last week wire services Times Mirror Co of Los Angeles has pulled out of the nation's hottest newspaper wars by selling the Dallas Times Herald to Media News Group of Woodbury NJ for $110 million The group headed by Texan William Dean Singleton publishes newspapers in six states Times Mirror publisher of the Los Angeles Times purchased the Dallas newspaper in 1970 Ford Motor Co said today it intends to buy 10 percent of Kia Industrials Co a South Korean manufacturer that will produce for US Ford dealers The proposal is subject to approval by Seoul government and Kia stockholders The US International Trade Commission voted unanimously Thursday that Canadian wood lumber imports are injuring US sales in what could be the first step to placing duties on future imports The ruling was a victory for a US industry group seeking duties of up to 27 percent on Canadian lumber imports US automakers scheduled the assembly of 171395 cars this week compared with 181266 for the previous week Truck produc Bond prices moved higher in Thursday's interest rates slipped trading as The Shearson Lehman Daily Treasury Bond Index rose 135 to 122784 Brazil was given a $500 million loan from the World Bank Thursday the second such loan during the past week A bank spokesman said Brazil will use the loan to buy feed grain wheat and rice In return for the loan Brazil agreed to change its farm policies and remove some controls on prices and international trade The nation's money supply rose $16 billion in according to the Federal Reserve Board Credit markets shrugged off the gain and analysts said the economy is growing too sluggishly to expect the central bank will take steps to tighten credit Consumers can expect a 35 percent rise in the cost of living next year but prices should remain fairly steady for food clothing and other necessities Standard & Poor's predicts A survey released by the company said food clothing oil and natural gas will provide the best values through 1987 It predicts retail food and beer prices will rise about 2 percent in the second half of this year Fruehauf Corp would be taken private and escape a hostile acquisition bid under a $18 billion proposal by the company managers and Merrill Lynch The venture offers $4850 a share in cash for Fruehauf stock topping a $44 a share hostile offer by new York investor Asher B Edelman Edelman sweetened his bid by $1 per share to compete with the buyout proposal He Thursday offered $4950 manufacturer's per share for the common stock Salary increases are expected to be smaller in 1987 than in recent years especially in construction retailing manufacturing and utilities according to a Conference Board survey The survey said pay hikes will average 55 percent next year compared with 6 percent for 1986 Stocks and mutual funds - AIIRich AtlasCp Augat AVMC s Avery Avnet Avon Avdin NEW YORK (AP) Midday tional prices for New York Slock change issues List includes annual dividend ratio (PE) shares traded in hundreds (Sales) price at noon EST today (Last) and price change since previous day's close (Chg) PE Sales Last Chg ii 2a AZP 272 AblLb s AetnLf 264 AirPrd s 80 AiskAir Alcan AlcoStd 124 Alglnt AllgPw 280 AidSgn nl80b AldStr s 116 AllisCh Alcoa 120 max AmHes AmAgr ABrand AmCan 290 ACvan AEIPw 226 AmExo 136 AFaml s 40 AHome 310 Amrtch 708 AlnGrp 44 AmMot AmSId 60 AmSlor 84 AT&T 120 Ametek Amoco 330b AMP Anacmp Anchor 148 'i -'a u44'2 4' -- 96 61'8 3'e j 457 9 -- 398 620 708 612 454 ------ 32' - 35e --- 25' -- 9 Anheus 80 Anthny 44b ArchO s Armco ArmWIn 144 Asarco AshtOI 180 AsdDG si CIGNA 260 CNW 220 CPC CRSS CSX 116 Caesar CRLk g CamSp si CaoCits Caring g CarPw Carrol CartHw 122 u56 ---- - '4 34 '8 - ChmDln ChamSo vChrtC Chase s 205 ChesPn Chevrn 240 ChiPnT ChrisCr Chrys s CirCtv Citicrp 246 ClarkE Clorox Coastal CocaCI 312 CocaC Coleco ColgPal 136 Co!!lnd 250 ColGas 318 CmbEn Comdre CmwE Comsat ConsEd 268 CnuNG sl32 ConsPw Conlel CnnCo CtData Cooper CornGI CrwnCk CrwZel CumEn CurtW 120 II DomRs 284 DowCh 180 DowJn 5t Dresr duPonl DukeP 260 DuqLt 120 -- 2- viBaldU BaiivMf BltGE BncOn s80b BkNY 228 BnkAm Bausch BaxtTr Becor viBeker BeiHwl S360 BellSou 304 BenfCp BenglB BestPd BethSlI Bevrlv s BlackO BikHR 148 Boeing 120 BoiseC Boise pfC Borden BorgWa 96b BosEd 344 BristM 220 BritPI 245e Brnsw i Bu'llnd 164 BrlNlh 160 Burrgh 260 ii AMR ARX CastICk Calerp Celans 480 CentE 256 CenSoW 214 CnllPS CenlrDt - 518 '4 ERC EastAir EastGF 130 EKodk 252 Eaton 160 Echlin s EmrsEI 276 Enron 248 Ensrch Ethyl s ExCelo Exxon 360 F FMC FPL Gp Fairchd Fairfd Feders FedNM FedDSI 268 FinCpA FnSBar Firestn FtBkSy 176 FslChic Flntste 266 FslPa FWach nl FleetEn FlghtSI FlaPrg 228 FlwGen Fluor FordM $220 69e FrptMc Fruehf --- 9"s -- 'a -- -- -- IP 47'i -- - s GTE 316 Gannett 168 GnCorp 150b GnDvn GenEI 232 GnHous Gntnst 232 GMot 5r GM E GPU GnSignl Gensco GaPac GerbPd GiBrFn 05e Guiet 136 G'dNug GdriCh 156 Goodvr Gould Grace GtAiPc GtNNk GtWFm Grevh 132 Grumn Gi'Ws' GiiStUI '4 u72 214 DanaCp DartKr DalaGn Davco DavtHd Deere DeitaAr DetEd DamS 119r Digital s Disney s - 614 231u26C'2 6133 10' 8- Commodity listings Gold Metals Selected world gold prices day London morning fixing $34355 Cfl $135 London afternoon fixing J344 40 Paris afternoon fxing $344 29 23 up Frankfurt fixing J344 $017 Zurich late afternoon bid $344 40 O'f 90 asked S344 J344 50 oft Harmon Handy $0 40 off $344 Engelhard o ngeinard fabricated $362 $0 NEW YORK (AP) Soot meul prices Thursday "cents ocr Aluminum NY Comex soot montrt pound closed Thu cents a pound Cooper destina'ons 25 cents oer pound Copper NY Comex closed spot Tton'h Ogden grain - Tu cents a pound cents a pound Lead 2inc - Tm composite o'cp cav Tu ier J - $270 New York SJ14 tro merchant Mercur !sk Pv"um mrs'C - (mt VJ - tta Jn VJ yj ii 5' j Sn Ot ' m ") 9? : 550 e: v tci- t ") s3 t :0 lijJII 6:' o:3 "J -- - iuo t3 ih Rang jrt(f tir "JV cern prr tb jm Aja Ol 4J45 '! 5'5 V 4' '7 Ff9 Act 7 467 4c7 Jn 4: X ' t Nw BELLIES ttv ten's : k hr- '5 f aji i F? tt sj f ' n ?: HIS j At J s'eei s'ee't lahs no nuo'e LIVESTOCK Les'ot 'i "j "? ' 5' heavy Iwipr s'rer H" ST fredfr rt Ho ry ca o ca e'e fcit 'a— fs no m3fiiii"-t eaw Pfr ' JM er- 417' ' I! J S"Xt-- se 3i'o 0r i s ' s's feertpr ??'' 4i ri' ' 'Cas P"tf4 it" - 7j 6 "a " Ul8 86' - '- 45''- J24- 6 55' -- U49J 3841- '- 9 H 77' 471 --- 32' 413'4 - 32' 5- -- 4 j ' j H t- i4:6 30 t - 65 f 71 2? 6'J i 20 - -- 91"5u60' 5" -- 1 9 9 6l'4 4445- "85- ' 'a i t'4 j 77J u73 II 13 u4i r : - P 69 II J u 64 ft J I - 4 u47 'i I77 i'i 12 i48 u84' 3! 3'- t5 '- - 4 35 475 J - US 9 U 4t Je4 4 SI t Cii'i 123 L3Avt t asked II tj U3 9 74 47 ?0 25 97 70 1118 25 79 25 80 25 94 55 Notes 65 90 days 409 4 Joliet livestock JOLIET (API tradmcj medorate - Hogs: barrows h'"wr to 00 lb 43 00 tb 60 S3 to 67 00 57 75 to 40 Sows and Boars: no) enough Oucte 0 750 amd lb fa - sars 10J f4 ii8 44 26 49 80 87 2967 50 64 80 00000 65 It 40 days ISjI 0 9' bid fund Wmrtrr c u't 70' j 58'4 Muhial 40 29' -CHICAGO USDA (API Mjirjr oo'a'o markets FCB sh 100 fo tt US IA nnn tti f russe's s t" Colorado 5 Idaho b? 153 69'4 Fotatocs M4 a asked 40 Treasury II 'iH Am Greeting First Security lomeya Laiy Bov Zions Utah Bancorp '1 7' I6i0 4l LCr1S0 J ' - 39 tf9 Tucs£P310 LAL LCI 'C-- c 5F& L53i W 'a nc 3a Cao24 - I j i4i w u46 4 - 29 08 64 80 Hu'onBondlnc Hu on Emer Gr 00000 Hulton Growth 65 Inv Co America Lord Abbetf Dv Gr Mass Inv Growth 77 Mass Iny Stk Trust Merrill Lynch Basic 95 Merrill Lynch Merri'l Fed Sec 1003 New Perspective Dir 60 Oopenheimcr Onpenhemer Spec Pioneer Fund Pioneer Putnam Growth 67 Putnam Investors 40 Rowe Price Temoieton Growth 43 Temoieton World IS - nc 33' ABT Uftiily Income AftiliMed Fund Am Gen Pace Am Gen Venture Drev'us Fidelity Equity Fund F ide'ity Trend '4 '4 ''a - 25'a 80 a bid 4 4 180 T'on J (Se True 4t 41 70 r:30 40 - KfcijTl vr s2 J 36 Nucor Steel Corp Hann (Ber) Pillsbury Questar SanlaFe-SUnion Pacific Utah Power Light Waste Management Westhse (West Zir Parker I Trnw dS 9? 240 ' 2 Traisco - ij - - - Transmit 30- "- 52 J4i f4 - Timken Toiinm$ Tosco w32' - la 4 a m MST) (Prices as of Price Change Albertson's 46'4 69 Am Stores (Skaggs) Campbell SouD Em Elc (Pac Chr)86' Vi 11'4 nc Gulf Res (GSL Min) 'a Hercules 47' Ind (Jelwav) T (Continental) IT 53"a - Tml - 5'l Prs " 4- Singer Skyline SmkB Sonat SonvCpTOe SCaiEd 22fj SoulhO Soullnd 112 SwBell6 SwtPS Soerry 197 SouarO 184 SouibO? Textron Thrifty gecln i 572- Northern index 33'- Teutit?i I'M 4- 512ul05'2 ZaleCp 132 ZenithE t4 37'2 TexMsl 7 Teilnf TiPac 40 -11 ti I 2- 489 723 :2 ?: 43'4 '4 '5 3- 6- Safewy 170 SFeSoPl SaraLc 160 SCANA 724 SchrPIo 180 Schlmbl20 ScottP 124 Seagrm Sears 176 ShellT290e 7 100 PanFC 29'2 SPSTec8 - - Nvx PacGE RJR Nb 148 RLC RalsPur 110 Ramad Ranco RangrO Raythn 180 ReadBt ReichC RepAir Revlon RevMII RiteAid viRobinj Rocfcwl 120 Rohm s Rohr Rorer 112 Rowan Rovl0 471 Ryder $44 Svscos74 I '8 - Wackht WIMrt s 140 WaitJ WrnCm WarnrL 156 WshWt 248 WellsF 272 WnAirL WUnion WstgE 140 Weverh 130 Whirlpl Whiltak William 140 WinDix 174 9 TECO 752 TRWJ viTacBt Taiy 30 Tandy Tndvcfl Teklrna Te'dyn Teex Tennco Tesero Texaco J TeiEsUTO 20 4 Varity Siay80 J737 Oord a StdOl StertOg 137 Stevnj 170 SlooSho 110 SunCoS Svnlex 394 I Uoiohn sl52 USLIFE 112 UtaPL 232 i2 )- Shrwns50 9 Nasir NevPw NEngE $192 NwmtM NiaVP20t NoHkSo Nomek NAPhit NoestUt Nino PS NoSiP Noffra Nofton I Norwsl NutrS 80:2 23' 602 SgdBs30 - NL Ind 0 NWA Naico 120 NatDist NatFGs Nil NtSemi P PaPL 3:o : - - PacTel PK I r7 : tf -- 4' 1'2 ttj t Pilsbry 172 Pioneer 124 PitnvB 132 Pittstn Polarid PortGC 196 ProctG 270 PSvCol PSInd PSvEG 296 PugetP 176 PulleHm Pyro QuakOt 140 QuakSO 80a Questar 172 56'7 Pe OHjEd 192 O aGE O 150 ONEOX 7 OwenC 140 J 20 - v '4 '4 u79 45- xisll M 7:t mart 148 KaisrAI Kaneb KanGE 118 KanPLt 316 Katyln KaufB Kellog s KerrMc 110 KimbCI 248 KngntRd Kooers Kroger -LTV LearPt LearSg LeaRnl s LeeEnt Lehmn 202e LOF 140 180 LincNtl Litton 150i Lockhd Loews la LnStar 190 LILCo LaLand LaPac 80b LuckvSl16 Lukens -MDU 272 Macmil Macy 116 viManvl MAPCO MarMid 204 Mariot MarlM Masco Maxam MavDSt MavD wi Maytg s 150 McDerl 180 Mcdnl s McDnD McGrH 152 McKess 240 Mead 120 Mellon 276 156 Mel MercSt 150 180 Merck MerLvn 80 MesaP n MidSUt 133i MWE MMM 360 MmPL 304 MinP wi Mobil 220 MohkOt Monsan MonPw Morgan Morion Motorla 64 ( 2- l"V r j i t4 8- 43 JfrJ O ' x63 - 'cr itV s 5- tea":" " H ' t4 9 4 C ind iRT Pr si Co ii) rf t'eo H Is i- -- 23- Hcn s J HouiiM Moutnd MughTi ir la - 3T- Ho"eit ff Pi's Ci" ' C iJ '2 u45 idea P AUCTION Auction Tnurvn commerc ai ce ws 'a' : t? 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'J trr M?'s'rn and Feed ot Rercfno Quo'e lug-riOsl 00 eenef tnt 55 no ouote "o auo'c M QuO'e fetcer '4 56' HouvS Hrnttue wheal bacy yrtr ij:o :j"er 4iJ 3j White LA isteady) 34 Kvt So v cu"ce HOGS liM ? uo 'siv'j v"? :t to c"i w tun- s 6': it i CATTll s- t t vv tftff iJs 5' tas rtf l VlMi --' 'Oji --- " 5f: 5t' !"):o'J Ot 525 As trr Cn - t per Board of Trade Chicago (API ru'U'esfraj"g en - Chcajf wrcant' Exchar ge Thurso Lt Ch Oper om Harlnd HroRw Harris Hecks HeciaM Hemn Hem s Hercjis Hershy HewiPK POCATELLO Idaho (AP) Farm Bureau In'ermoumain Friday: yr3n and livestock report Wnite wheat POCATELLO ? luo 15' (down 20) barley 93 (up 3) percem soring (down 7) wr'pr WNte wheat PORTLAND 00 ion 7 iuo 4i bar'ey 64 id wn percent spring J 9) II percent wmter 5'n CALDAELL - $5 0o0 Per Ou"ce Harmai - LONDON Tne bulion (AP) the prtct fcf 'iver Friday don market was $5 040 a fro ounce compared tri $5 075 Thursday Market report - 4483 (metals Week ocr lb Odd $344 rer ounce Mandv Harman oni ouo'el Go d $344 60 rer tro ounce soot mon'rt NY Comes ocsert Silver - 45 White wheal OGDEN (down 20) barley no Quote 86 (uo perpercent soring 63 (uO cent winter u42' ii i!i- - Tirsaa ics t or' 2:r: i i Husse'S 50 n coic' jrt(ys as "Wot Cnord9 '4 M rwf n"o-sse's 53 co Vks- - g'pt 28 o JJ |