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Show The National Enterprise, May 4. 1977 '1 Page seven Option Market News by Warren M. Ketcham, Ph.D. Prince, Langheinrich & Greer Soon there may be no calls on Braniff. Under a rule of the Philadelphia Exchange, options must be phased out on any stock that trades under $10 for more than one-haof the trading days in a given six month period. Unless Braniff rallies to $10 by May 5, which is unlikely, additional option series will be lf prohibited. In anticipation of listed put trading on June 3, the Federal Reserve Board has relaxed the margin requirements for writers of combinations of puts and calls. The new rules state that if you have written both a call and a put, the margin is 30 of the underlying stock (plus or minus depending on w hether in or out of the money) on either the put or the call, whichever is greater, plus any unrealized loss on the other option. (Whew!!) And in another area of government regulation, the Security Investors Protection Corp. (SIPC) is considering increasing the coverage of customers accounts from $20,000 cash and 50,000 securities to $40,000 cash and 100,000 securities. The reason for this is that losses due to broker-deale- r liquidation have been far less than expected. Look for this change some time next year. Bankers are anxious to sign Monsons pledge Salt Lake County Treasurer Art Monsons pledge proposal is in the hands of local mortgage bankers and citizens groups, and Monson hopes to finalize wording of the pledge in the next few weeks. anti-redlini- ng Presenting six of the worlds most elegant cuisines: French, Italian, Greek, Spanish, American and Persian. 249 South 4th East Reservations: no additional ordinances will We can save you up to $750 or more on the purchase of your next car or truck ng condition of a particular neighborhood, rather than considering the credit rating of the applicant. Several citizens groups, including the Crossroads Urban Center and People Against Redlining, have condemned the practice as a major contributor to urban decay and Local mortgage blight. lenders deny they practice redlining, and many have offered their records for public view as proof of the claim. Monson says institutions with deposits of county money would have to sign the pledge and comply with its measures in order to keep the county deposits. He says his objective is not to punish bankers, but to end Most mortgage redlining. lenders Ive spoken with are in favor of the pledge, because theyre anxious to prove they dont redline. Monson adds that his statutory authority to direct deposits of county funds is a considerable weapon in his antiredlining efforts. anti-red-lini- Your Host: Ali A. Manteghi be necessary to implement the plan. Interested parties are studying the first draft of the pledge, which would require mortgage lenders to adhere to principles, or have all county funds withdrawn from their institutions. describes the Redlining practice of refusing mortgage loans due to the economic non-redlini- 359-500- 0 Our unique buyers arrangement lets you buy any American made car or truck at close to factory cost. You can walk right past the smokescreen of sticker prices, "special discounts" and sales talk and into the best price you have ever paid for a car. With no haggling and no pressure. ng Assistant County Attorney Kent Lewis, who drafted the proposed pledge for Monson, says the County Treasurers authority to require the pledges and enforce them is well established by law, and Heres How Go to a few dealers and get their best price on the car with the optional features you want. Then call us. You dont have to tell us the prices, just give us a complete description of the car and options wanted. Then we will give you our price. That way you can see exactly how much we can REALLY save you. You get the car you want, with full factory warranty, at the best possible price. If you are car shopping, call us today! 450 South 900 East Suite 105 Salt Lake City, Utah 84102 Phone (801) 363-744- 4 GM FORD MOTOR CHRYSLER CO. AMERICAN MOTOR Auto Buyers of America, inc. NEW CAR AND TRUCK DIVISION |