Show 6B r Ogden July 19 1986 Saturday Bmsmess LTV move Business in brief Standard Examiner wire services DALLAS (AP) — As LTV Corp entered into the biggest Chapter filing ever among US industrial corporations its 30000 unionized steelworkers began wondering what the surprise move into bankruptcy meant for them “I’m very surprised I’m stunned” said William Kelley a United Steelworkers official “We just gave one of the biggest wage concessions in history here I’ve been meeting with management all this week and no one mentioned anything about this” said Kelley an official with the grievance committee of USW Local 1011 in East Chicago Ind Lynn Williams president of the United Steelworkers of America said the union would take court action to protect its 30000 members employed or under layoff with LTV as well as 61000 retired workers covered by the company’s pension plan He said LTV’s action “under Sales of California wines jumped 7 percent in the first five monthi of 1986 while US sales of imported wines fell more than 18 percent according to an industry report Analysts attributed the decline for foreign producers mainly to the weaker dollars and the skyrocketing popularity of wine coolers Alaska will lose $900 million or 40 percent of its current budget to the slump in oil prices according to a new revenue projection The report prompted Gov Bill Sheffield to announce immediate cutbacks for government offices schools and construction projects North Slope oil prices have dropped to a third of their 1985 level creating financial problems for the petroleustate economy Lumber production orders and shipments increased in 12 Western states in the week ended July 12 The Wood Products Association said lumber production was reported at 290 million board feet up 76 million from the previous week Orders increased to 315 million board feet a jump of 61 million The pace of Japan’s economic growth remained sluggish as a result of a decline in export volume resulting from the yen’s sharp rise according to the Economic Planning Agency The agency said Japanese exports dropped 52 percent in June Time Inc said it will resume publishing a revamped Picture Week next week The news and human interest magazine will be published in 13 cities including Salt Lake City US West reports earnings of $2702 million or $142 a share for the second quarter This compared with $2424 million or $127 a share for the same period last year US West is the parent firm of the local telephone companies operating in western states including Mountain Bell in Utah Lukens Inc has agreed to pay $25 million to black employees at its Coatesville Pa steel plant in an settlement of a discrimination suit In the settlement Lukens also agreed to adopt black employment goals for craft and supervisory jobs Long term government bond prices slumped but other maturities fared better Friday in trading as dealers awaited a monetary bond fell 516 of a policy report due next week The point raising its yield to 721 percent from 719 on Thursday Cadbury Schweppes said Friday its proposed purchase of the Canada Dry and Sunkist soft drink businesses for $230 million has been cleared by Canadian authorities The sale previously received US approval Quaker State Oil Refining Corp said its second quarter profit rose to an high of $149 million a 15 percent increase on the strength of motor oil sales Chairman Quentin Wood said improved motor oil sales more than offset the sharp price declines in fuels and crude oil production closing f Piltsburv Questar (Mountain Fuel) Santa Pacific Union Pacific Utah Power Light Waste Management (Western Zlrc Westmghouse 62 653 Steel o O 1 2 2 72 Energy Products 2 1983 1984 275 1985 Aerospace Defense ' Losses graphic Ron Hamel vice president of the National More cases of osteoporosis have been reported in the United States in recent years the number of the nation’s elderly is a registered rising said Susan dietitian at the University of Utah’s college of health The disease which causes a decrease in bone mass can be caused by an inadequate intake of calcium and other factors like hormonal imbalances medications and bad exercise habits said because 478 1950 1925 1900 1875 1850 1825 1800 1775 1750 1725 1700 1675 1650 bid asked ’a 26’4 64’a Jones Average 1 80737 rtgh Dow 175464 Close 1777S3 Low fund —380 Change Pace 30 23 16 S June Hutton Special Equ Hut’on Growth Inv Co of America NEW YORK (AP) —The following is a list of the most active stocks based on the dollar volume The total is based on the median price of the stock traded multiplied by the shares traded Name To(S1000)Sales(hds) Last BM $1860 734 137197 Safeway $469 924 87023 DigitalEq s $387752 45551 PhilipMor $353143 49133 GenElec 44407 $337493 PanhECp 73048 $330542 AssdDGds $296563 486)7 Gen Motors 35997 $267727 Sanders $264507 43451 Exxon 43713 $257360 AmExpress $256484 43472 duPont $246606 31216 NYStaEG $242676 BristMvers $239793 29513 Merck s $237756 23628 tracing days 25 Zions Utah Bancorp Most active stocks 30 - 63’a 57’? Most of the nutrition research done by the board has focused on calcium Hamel said and the advertising emphasizes that dairy products are a good way to get calcium as opposed to taking pills “Consumers are responding to that” Hamel said said many researchers have concluded that a higher intake of calcium may help prevent osteoporosis Nutritionists believe that eating food high in calcium is generally better than popping supplement pills she said “Lactose which is the sugar in milk assists in the absorption of calcium into the body” she said ARRET REPORT Activity over the past - Mutual funds Am Gen Businesses 8 Dairy Promotion and Research Board which is meeting in Salt Lake City this week In Utah dairy product sales increased eight percent last year Warby said 8 la ’8 30 a 287a American Greeting First Security Iomega 34" Nucor Steel Corp Parker Hannifin (Bertea) Mutual Texas Dairy board’s calcium promotion paying off SALT LAKE CITY (AP) — As the nation’s median age goes up so too do the hopes of the National Dairy Promotion and Research Board to capitalize on the latest research linking osteoporosis with calcium deficiency The 36 dairy farmers on the National Dairy Promotion and Research Board which spends $80 million each year on advertising began emphasizing the calcium content in dairy products about a year ago “We feel that it has had a large impact in the increase in sales” said Clint Warby administrator of the Utah Dairy Commission In fact national dairy products sales rose seven percent between 1983 and 1985 said prices) Albertson's American Stores (Skaggs) Campbell Soup Emerson Elec (Pac Chromalox) Gulf Resources (GSL Minerals) Hercules Industries (Jetway) IT&T (Continental) bankruptcy Headquarters: Dallas Employees: 57000 Revenues Company spokesman Charles Palmer said it is too soon to say which of the company’s estimated 24 steel plants or other operations would be affected by the reorganization Industry analysts also declined to speculate But Palmer said LTV plans to stay in steel as well as energy and aerospace and he said job cuts are unlikely in the profitable LTV Aerospace and Defense Co which employs 16500 in Dallas Northern Utah issues (Friday LTV Corp el” NYSE trading this week NEW New York Stock Exchange (AP) trading for the week selected issues includes annual dividend ratio (PE) shares traded hundreds (Hds) high for week for week (Low) closing price Friday (High) (Last) and price change since previous week's close surprises steelworkers scores the contention that our union has been making for the past few ears — that only a massive involvement by the administration will turn around the disastrous course which has impacted the domestic steel industry in the past six years” Richard Dowdell financial secretary of Steelworkers Local 1033 in Chicago said as late as a week ago LTV officials “said the concessions we agreed to would let it keep going at the same lev- 14 7 GoCorp GnDvn GenEI 232 Coastal Gnlnst si -- - OhioEd -- 8 '8 d? 232 11 256 - learPt -42' 1065 GMot ---- a GPU CmbEn Comdre CmwE Comsat ConsEd t si s ConsPw a 260 tl v:r 'GE I 1S 6 2 121 30' 46a CtData Coooer ---- t' viBa'dU 22t 358 '8 ft 25' Cr2el 8 7a37'8 01 7’ )044 394 t -- '4 '8 18 Gensco GaPac GerbPd G'brFn s GktNug Gdrich Goodvr Gould Grace GiAiPc GtNNk GtWFm --- - -- Deri McDnt s McDnO 200 --- 1212511 no Hmsixe HoweH --- I - 25' MS mt loanoP kma Powr 3 -t - c 'C - J4'2 - I”? 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Mckess 240 Mead It 6’ 408 Tndycft Teklrnu Teidyn Telex Temtco3 Tesoro Texaco TexEsI 220 Texlnsi Texlnt TxPac 260 Textron Tor tty I) Tiger Time TimeM Timken Tokhm s Tosco Transit! 161 Transco II to Tmwid s Travier 20' Moin s C -------- -- HewiPk dav ' Penmol PecBoy PeosiC s PerkEI Pfuer PheioD PhiiaEI Ph PtniPel Pilsbry PnnyB Pilistn Poland PorlGC ProetG 270 PSvCoU PSmd PSvEG 746 Puge'P PuileHm - 2 - Hemt s He'euh CamSn s’ CaoC'l Ca—g 261 Ca" Ca"M j Cas"C -- LaPac LuckyS Lukens dl4 - CumEn Cu'IW '8 208 49'a -- 1 59' 77' NEW YORK (AP) The following gives the range of the closing Dow Jones averages for the week ended Jut STOCK AVERAGES First High Low Last Chg Ind 1793 45 98 43 Trn 740 74000 727 25 Utl 204 200 200 65Stk 696 68 696 684 688 0BOND AVERAGES BndS 24 9 Utils 36 92 08 0 Indus 90 90 88 90 90 COMMODITY FUTURES INDEX 11570 25 3 JUy Kooers Kroger 8 67'a 71' 7558 434 'a Dow Jones range HofcJay CtOv s Citicro ClarkE 13)3 567s la Sa 8 rs V W"ATL Wumon 140 Wevern wnem to wm 6 og --- laecp I? 2 lC3 HU u3’ - t 8 -I 4 7V? 327 -- 3C'a -- I 04 a --- 2U1 H - 8 a 1845 N I7ll357 ---- 774 71s a la Sa I 2) a 21 144 117 II 7 1 t J 4- St t -- It -- t |