The Cincinnati Enquirer from Cincinnati, Ohio on October 1, 1991 · Page 15
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October 1, 1991

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The Cincinnati Enquirer from Cincinnati, Ohio · Page 15

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Cincinnati, Ohio
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Tuesday, October 1, 1991
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Page 15
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Tuesday, October I, 1991 THE CINCINNATI ENQUIRER AmexB-7 Commodities Few know McDonald's' real founders Ray Kroc bought restaurant business from two brothers in 1961 - Futures trading on the Chicago Board CHICAGO (AP) of Trade Monday: SOYBEAN OIL 60,000 lbs; dollars per 100 lbs. Oct 20 00 20 14 19 90 1991 -.13 Dec 20 38 20 5 1 20 26 20 27 -.12 Jan 20 53 20.71 20 4 5 2048 -.10 Mar 20 88 21 00 20 7 5 20 77 -.12 May 21.35 21.35 2105 2105 -.11 Jul 2165 2165 21.63 21.35 -.18 Aug 2180 2180 21 55 2155 -.10 Sep 21.75 21.90 21.75 21.75 -.05 Oct 2165 -.15 Dec 2200 22 00 22 00 2190 - 05 Fri.'s sales 26,098. Frl.'s open int 62,961, off 1,448 J it t Suddenly, after we sold, my golly, he (Ray Kroc) elevated himself to the founder. J J Richard McDonald, founder 192.80 1.70 191.10 1.70 189.40 2.10 187.30 2.00 Open High Low SttlH Chg. WHEAT 5,000 bu minimum; dollars per bushel Dec 3-3 1 V 3 35'. 3W1 3.32"i 01 Mar 3 34'j 3 39 3.34 jjji,, 001 May 3 2! i 3.324 3 28". 3.30 02'i Jul 3 IS 3.17. 3 U"i 3 16V. 01 Sep 3.23i 3.23'j 3 23'i 3.23 01 Frl.'i sales 12,133. Fri.'s open int 56,892, up 2. CORN 5,000 bu minimum; dollars par bushel Dec 2 .45! 2.50'. 2.45Vi 2.49V. 03 Mar 2 54 2.51V, 2.54 2.57V. 024 May 2.594 2.63Va 2.59 2.62'i 03 Jul 2.62 2.66 2.62 2.65 .02. Sep 2.52'i 2.56Vi 2.52V: 2.54 .02 Dec 2.49 2.51. 2.48. 2.50'4 .01V. Mar 2.57'j .01' Frl.'s sales 33,851. Fri.'s open int 222,616, up 1,148. OATS 5,000 bu minimum; dollars per bushel Dec 1.27 1.30V. U6V1 1.29 .02 Mar 1.3514 1.38'i 1.35'l 1.37. .02 May 1.44!' 1.45". I.4411 1.43V, .02W Jul 145', 1.451 1.45V, 1.45. .02 Sep 1.47V, .01W Dec 1.51V, .01V, Fri.'s sales 1,385. Fri.'s open Int 10,758, up 49. SOYBEANS 5,000 bu minimum; dollars per bushel NOV 583 5.3 5.82V, 5.87 01. Jan 5.954 6.04 5.93Vi 5.98 01. Mar 605 i.UV. 6.04 608V. .02 May ' II 21'i 6.11 6.I6V4 02M Jul 6.17 6.26 6.16 6.21 .02V, Aug 6.171 6.23 6.17 6.20 05 Sep 594 6 00 5 94 5 94 .01 Noy 5.86 5.91V, 5.85 iM'fi .01V. Fri.'s sales 30,713. Fri.'s open int 108,406, up 1,784. SOYBEAN MEAL 100 tons; dollars per ton Oct 190.50 19420 19030 Dec 188.70 192.20 18840 Jn 186 80 190.10 186.50 Mar 184.50 188 00 184 50 May 182.00 185.20 182.00 Jul 181.50 1B4.20 181.20 Aug 182.00 182.00 182.00 Sep 179.00 180 00 178.50 Oct 191.00 191.00 190.00 Dpr loi nn im tin 10 nn 18430 18320 182.00 180.00 191,50 1.40 1.50 1.50 1.00 .50 .30 19200 Fri.'s sales 22,576. Frl.'s open Int 69,413, up 1,091. THE ASSOCIATED PRESS BEDFORD, N.H. His name is a household word in 56 countries, but Richard McDonald said few people realize that he's the namesake of 12,141 fast-food joints not a guy named Ray or a clown called Ronald. The 82-year-old McDonald used to brace himself for celebrations honoring Ray Kroc as the "father of fast food" since Kroc bought his first McDonald's restaurant from McDonald and his brother, Maurice "Mac" McDonald. The brothers were fast-food firsts when their restaurant opened in 1948 in San Bernardino, Calif. Kroc was selling them milkshake machines at the time. Six years later, Kroc bought their franchise rights. The brothers sold out to him in 1961 for $2.7 million, cash. "Suddenly, after we sold, my golly, he elevated himself to the founder," said McDonald, who re- tect's quip, "Did you have a nightmare last night?" He also started the burger count, which is up to 85 billion. Richard and Mac, who died in 1971, had sold 20 franchises and opened eight restaurants by the time Kroc knocked on their door, but it's Kroc who is widely recognized as the fast-food founder. Turner said the media are responsible for the billing. But Kroc, in his autobiography, Grinding It Out, said he "founded the McDonald's hamburger chain and built it from a single restaurant in Des Plaines, Illinois, to an international operation with billions of dollars in annual sales." Turner said the Des Plaines restaurant was the first Kroc opened himself, in 1955. "Ray founded the company and the organization that put McDonald's on the map," he said from his Oak Brook, 111., office. COLUMBUS, Ohio Ohio cash grain prices for Monday: Wheal Corn Oats Beans NEOhio 3.15 2.32 1.22 5.58 NWOhio 3.19 2.32 1.20 5.68 Central 3.15 2.31 1.15 5 63 W Central 3.13 2.35 1.28 5.72 SWOhio 3.19 2.35 NA 5.69 Trends U H U U TRENDS: SL-Sharply lower; L-Lower; U-Unchanged; H-Higher; SH-Sharply higher, tired in 1964 in his native New Hampshire. In national television ads to air Thursday, the McDonald's Corp. will honor the McDonald brothers as well as Kroc. Company officials said they never tried to overshadow the brothers. "They are founders, they founded the concept," said Fred Turner, McDonald's senior chairman. "Ray Kroc founded the company that developed that concept into the largest food service organization in the world." Richard McDonald said his gripe was more with Kroc than with the company, which has included him in ceremonies and has given him an engraved, gold-plated spatula that turned the 50 billionth burger. But he wants credit where credit is due. McDonald sketched the golden arches that prompted his archi Amex final Calif, firm challenges Intel Chips & Technologies unveils microprocessors Sun introduces powerful computer THE ASSOCIATED PRESS SANTA CLARA, Calif. Sun Microsystems Inc., known for powerful desktop computers sold to scientists and engineers, Monday introduced machines meant to replace what the company called the "dinosaur" minicomputers used by many commercial companies. , The new Sun Sparcserver 600MP systems, which cost $45,000 to $104,500, can do several tasks at the same time for many desktop machines that share the "server" computer. NEW YORK (AP) Select Amex trades for Mon. Close Chg ATT Fd2.57e 52 V. Acton 3'- "t AdvMed 14',- v8 AirWal 22 AirExps.16 I7's ... AlbaW 6i- " Allin 'e- 'e Alstar 7-16 Alphaln 3 V. Alza 70'.l Amdhl .10 I3V- 't AEipl 4 Aisrael.36e 44. J A.WieA .64 I7 V, ASciE ft AmSwM 1.48 8 ... Ampal 3'i Astrotc 5. Atari l'i- V4 AtlsCM 9-16-6-1-16 Audvox lfe ... B4HO2 50e 10 BAT ln.74e IVi BHC 56 i BSN 6'i Baldw .03 "1 BTNkwt 49! " BanyHI M BayMea 80e Beard 2s 'a BergBr s .40 JI'l-l'A BicCp 1.12 27"e BinkMt 1 23 B10R A W i BlountB 40a 6.-'. Blount A ,45 , 6 'a BolrPh 6'a- H BowVal II .... Bowrnr l'l Bowne .25 INi H tVscngl.04 15 a CIIFnn l7'- i CMICp 1! Cablvsn 31", CalEng 52t I4H- '1 Calprop 2;4 CarnCr .48 25 CastleA.40 12'. CFCdagOle 3'i-' ClyCm .501 10. ChDvBs 29! Vj ChDvAs 28H V4 ChpEn iH- ' ChlPwr .11 9'i ... CheyStt 1IH H Chiles 5'i V4 C'iFsl 2''i- "t ColorSy 4 .... ColLb 6'- ' Cmplrc 1- ' ConcdF 4'4 V4 ConcFB 4 Constn 21t vjCntAr IVs Cross 1.28 27H H CrnCP.40a 25Vb CrCPB.40a 23V, H Cubic .53 I9H "( Cuslmd 5-16 .... Dllnd I's DWG 2V. ", Delmed 3-16-1-16 DkNkwl 18. a, DevnE lJ viDiviHtl 5-16.. DryfMu.72 10' a Ducom 4 V. Duplex .48 I0H EstnCos42a ll'a-'e Eslgp 2e 13.- V. EchoBy.07 8 H EcolEn .20 I6'1 .... Edisto 5') '1 EksNkwt 7 Elan 42" Vi ENSCO 2;4- 't EntMkl h .... Epitope 19' a- ' Espey 60a I8'4I ExpLA 'j-1-16 Fablnds 27iis FalcCbi.M l0'- ' 'a Fibrbd 4 ... Fina 320 69',',-lv. FAusPr 1.08a 10 15-16 FisChP 9 - it Fluke .40 2IV, H ForslLS 32V4 FounHI 25'a .. . FreqEI 5' a. . FruitL 2OV4 !' GRI 2. GTI 7 ". Galacg V,I-I6 GiantFd .66 23' 1- 'a Glatfltr 1.20 52'j-li GoVide 13-16.. GldFk) 5-161-16 GrhmFI 10"i Grenm 4 - 'a Greiner 20 15H "a GCdag 40 7'. .... Gundle 17'a V, HalEP 160 10. . Hamptll.27t 8 '. ''. Hasbro .24 29'.- ". HlthCh 2 la Hltvst 3'e- ia Heico .10 I2a viHerEn '1 HtgMd 2j i Hilhav 2' ... . HoyCp.60 28', 1 HrnHar 3' a HovnEn 6. 'i ICH 3 "a IGI II V. ImpOil gl 80 47- 1 Incstar 74 InsSy pt.25t 4"- 14 InstSy 4t- " Polrln 5 34' PortSys 21- ' PfdHlth 13V4- ' PresdB 4' 17 PresdA.10 34- ! PrcCom 'A Prism IVa- 1 ProfCre IIV4- 1 PropCT.SOe 4 ... RBW 41-a Ragan .12 22V1-IV4 ReCap.20a 14 k RelElpfl.50 ll-"a RhnPrts 2'.... Riedel 34- V4 Rogers .12 19 - SJW 1.92 30 SPIPh lb 19' a- ' Salem 8'4 V4 SNk93wt 17 SNk t93wt 18' "a SFT 393pwt 2'4 SNk93cwt 3 SFT 593pwt 2 SalPhb 3 ' Sbarro 40' H Scheib .18 12' "a SierHS 14'4 S0UC0 16' a V4 Spellng 4'4 SterlEI 2a "a StvGpA 5 'A Summa 4 Synaloy.44 II' a "a TIE n 7", Til I "4 TRC ll'i V, TabPrd .40 12 Team .14 6"a- V4 TelDta .30 33 "4 viTelesp l-16 Thermd ll"i 14 ThCard 2P1H Thrlns 244- b TotlPet .80 14' a TwCty 3 TubMex 9'4- TrnBA 163 ... TrnBB 16' 'a Unicorp ',4 UFoodB l 'a UFoodA P t USB10 38"il USCel 20 .... UnvPat 64 'a ValFrg .30 I. ... Veronex '-l-16 Viacom 294 .... ViacBn 29' ' WangC 5' a- ' WangB 2' Wthtrd ' 5 'a Welco .25 14 'n V4 WelGrd 2 '4 WAmBc.48 19' i... WIRET1.I2 13 "a WichRO 2 Wldlnc t.35e 9 . . 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PitDsm.80a 354 "1 Pitwayn.60 2B 'a PitwyAl.10 23'i ... PlnRsc 19 PlyGem.12 ' 7J "a Unisys spins off defense business into new company THE ASSOCIATED PRESS BLUE BELL, Pa. Unisys Inc. continued efforts to cut its heavy debt Monday by offering to the public its defense systems business, which generates $2 billion of the corporation's $10 billion in annual revenue. Unisys could take in about $800 million with the creation of the new company, which is called Paramax Inc. Unisys plans to issue 20 million shares of common stock in Paramax, according to a registration statement filed with the Securities and Exchange Commission. The anticipated price is $22 to $25 a share, which would bring in up to $500 million, the company said. Unisys also would receive $332 million in cash from Paramax. The sale fits in Unisys' plan to raise cash so it can pare down debt, which stood at a hefty $3.8 billion on June 30. Unisys, the nation's third-largest computer maker, has been struggling under huge debt since its creation in 1986. Last week, Unisys completed the sale of its computer-networking division, Timeplex Inc., for $207 million to a joint venture led by Ascom Holding AG of Switzerland. THE ASSOCIATED PRESS SAN JOSE, Calif. Chips & Technologies Inc., a small computer-chip maker that's been struggling financially, Monday introduced seven microprocessors in a direct challenge to industry leader Intel Corp. The company unveiled a line of Intel-compatible 386 microprocessors and other products. "I think these are definitely make-or-break products for us," said Chips President and Chief Executive Gordon Campbell, who once worked for rival Intel. "Even if we get only 5 of the market, it will add greatly to our growth." Chips lost $9.6 million on revenues of $225 million in fiscal year 1991 ended June 30. Microprocessors are the brains of a personal computer. Intel long has dominated the microprocessor business with its 386 model chip, which is the basis for most IBM-compatible personal computers. Some analysts think that the $1.5 billion 386 microprocessor market has peaked and, despite oncoming rivals, Intel will remain dominant as it continues building faster and more powerful products. Intel has the only next-generation microprocessor, 486. In April, Intel got its first competition for its 386 microprocessors. Advanced Micro Devices Inc. put a clone on the market, taking away Intel's five-year monopoly and inciting a lawsuit from Intel, which claimed patent infringement. In turn, Advanced Micro Devices sued Intel for $2 million, claiming antitrust activities. Chips' 386 microprocessors don't duplicate Santa Clara-based Intel's design, however. fa Bills fa fflli National Sales Center RESOLUTION TRUST CORPORATION PremerCommercialAuciion HIHfi 14 Major Commercial Properties in Six States Financing Offered to All Qualified Buyers This sale includes some of the finest properties in the commercial real estate portfolio of the Resolution Trust Corporation each Appraised Over $5 Million M I MISSOURI Three office buildings in excellent north Kansas City metropolitan area near the airport Two office buildings connected by sky bridge, 85 leased EXECUTIVE HILLS NORTH I KANSAS CITY EXECUTIVE HILLS NORTH II (PARS BUILDINGS) KANSAS CITY Star Banks new Money Manager Account. The competitive yield of money market funds. The flexibility of unlimited check writing. The convenience of a bank. OHIO COTTINGHAM RETIREMENT Attractive, contemporary CENTER, SHARONVILLE congregate care facility (CINCINNATI AREA) FLORIDA Retail Center, Corporate Campus Office Park CALIFORNIA Hotel, Mini-Storage, Office Buildings ARIZONA Office Building, Apartments TEXAS Office Building, Retail Center Prime Savings, an exclusive fully liquid, high-interest savings plan that pays the National Prime Rate less IVi points when you maintain a $10,000 balance. So, if you want the competitive returns of a money fund and all the benefits of full-service banking, there's a warm welcome waiting for you at Open a Star Bank Money Manager Account with a minimum balance of $5,000, and you immediately start earning interest on a no-fee, perk-filled checking package. And, you gain access to two competitive money market investments: No-load high-quality money market mutual fundsMncluding a Star Bank. Ask about the Money Manager Account today. tax-free fund-with an automatic sweep. 1 Property specific due diligence packages ($100 each) and videos sent upon request i Vz Broker cooperation offered i "How to Participate" broker seminars offered in select major cities i Local Broker information numbers for each property available in catalogue MONEY MANAGER AXOUNL STALK! EAKIK Call 632-4258 for a free brochure, or stop by any Star Bank office. The money market mutual funds referred to above are not obligations of Star Bank and are not insured by FDIC or government guarantee. t Although the Funds operate under a 12bl plan, they currently have no Intention of taking any such fees. Member FDIC. AUCTION CONDUCTED BY KENNEDY-WILSON, INC IN COOPERATION WITH CB COMMERCIAL, BROKER

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