Albuquerque Journal from Albuquerque, New Mexico • Page 27

BUSINESS Tuesday, November IS, 1988 Albuquerque Journal Page 5, Section Fraud Claim Disputed as Moncor Officers' Trial Begins By Sherry Robinson ASSISTANT BUSINESS EDITOR December 1984. Chittim was charged on an additional count of using an incorrect financial statement to obtain the loan. Stephen McCue, of the public defender's office, argued that Newman and Chittim had worked together successfully for 16 years. Newman knew Chittim was in debt, "but he also knew he had a $295,000 salary." "There are things about this loan that could be criticized," said McCue. "The loan was made in haste.

Reed Chittim had a lot of debt but the evidence will show no intent to defraud. This bank was his life." Gorance said that by December 1984, Moncor was losing money and was the subject of critical reports by the U.S. Comptroller of the Currency. At that time, Chittim tried to get an employment contract that assured him of three years' salary and benefits. He also tried to buy Moncor stock from Moncor chairman Jack Daniels "to secure his own position," Gorance said.

Chittim's own financial situation was increasingly desperate, Gorance said. Chittim had borrowed some $600,000 from Interfirst Bank in Dallas, to buy Moncor stock. As the stock price dropped, Inter-first began pressuring Chittim to pay off the loan. Chittim borrowed part of the money from Daniels Insurance and the rest during the transaction in question. Newman got five other Moncor banks to participate in the loan.

The financial statement used to gain the loan was faulty, Gorance said. Liabilities were "vastly understated," he said, while some assets were worth less than stated or had been sold. Chittim's attorney Jim Brandenburg argued that his client had a good credit history and modest loans outstanding until he borrowed money to buy Moncor stock. The financial statement was true when it was written, he said. Then some of Chittim's investments declined with the economy in southeast New Mexico.

When Chittim moved the loan from Interfirst, he signed a short-term note, demonstrating that he had no intention of leaving the loan with Moncor, Brandenburg said. After he was fired from the company, Chittim demonstrated his good faith by paying off some education loans and pled ging his Moncor stock to the Albuquerque bank, Brandenburg said. Chittim also wrote to the bank asking to restructure the $300,000 loan. Gorance said the loan was never repaid, but Brandenburg said that after Chittim sued Moncor Inc. for wrongful discharge, the settlement included forgiveness of all Chittim's debts in lieu of severance pay.

The company had by then repurchased the loan participations of member banks. Gorance claimed that the loan participations were made with recourse, meaning that if the loan went sour, the Albuquerque bank would repurchase the participations. However, the first witness, Susanne Clear, a former executive vice president at the Albuquerque bank, said participation documents did not mention recourse. The case against former Moncor Inc. officers Reed Chittim and Stanley Newman "will unfold like the fall of Rome," assistant U.S.

attorney Robert Gorance told a jury. The trial of Chittim, former Moncor president and chief executive officer, and Newman, former president of Moncor's Albuquerque bank, began Monday in the federal court of District Judge Juan Bur-ciaga. Chittim and Newman were charged in a federal grand jury indictment on one count of misapplication of bank funds with intent to defraud the bank when Newman approved a loan of $302,533 to Chittim in Business digest Management Team Sought for Ski Rio By Bob Hagan And Paul Logan JOURNAL STAFF WRITERS it If, Mexico to solicit bids. The final terms of the contract will be negotiated between FADA and the selected bidder. Ernie Blake, founder and operator of Taos Ski Valley, said the FSLIC officials recently contacted him about running Ski Rio.

Blake said he had to turn down the offer because "we just don't have enough staff to do that, too." Blake said Ski Rio will need between 120 and 130 people, including instructors, when the mountain is fully operational. His operation presently has about 100 employees with a staff of 420 when the ski season opens. Blake said Beardsley and George Hatch, Ski Rio's mountain manager, "were good men who also worked at Taos for many years." The FSLIC officials and Blake never reached the contract discussions stage, Blake said. "It's bad for New Mexico if people have the feeling that ski businesses are collapsing," Blake said. "It's going to affect the ski business." The Federal Savings and Loan Insurance Corp.

is seeking a management team to operate Ski Rio under contract during the coming ski season, according to a FSLIC spokesman. The Northern New Mexico ski resort became government property in October when the FSLIC closed Liberty Federal Savings Bank, which owned Ski Rio through a subsidiary corporation, Magic Mountain Inc. The Federal Asset Disposition Association, a division of FSLIC, will consider "fee structure, expertise, and other criteria" in awarding the management contract, said David Barr, a FSLIC spokesman in Washington. Gary Little, former general manager of Ski Rio, has resigned and been temporarily replaced by former operations manager Kevin Beardsley while the FSLIC solicits bids from potential contractors, according to Dick Miller, TU trei i JOURNAL FILE PHOTO The FSLIC is seeking an operator for Ski Rio in Taos County. director of the FADA in Denver.

After meeting with Beardsley over the weekend, "quite honestly, I don't feel the urgency about finding a contractor that I felt last week," Miller said. But the agency still hopes to have a management contractor in place to run the resort this winter, he added. The agency has a list of contractors who have registered to work with FADA, Miller said, and he has also contacted ski resort operators in Colorado and New COMPILED FROM JOURNAL WIRES Market Slump in Fourth Day NEW YORK The stock market drifted lower Monday, extending its post-election slump through a fourth consecutive session. Trading remained quiet. The Dow Jones average of 30 industrials slipped 1.95 to 2,065.08, bringing its loss over the four trading days since the election last Tuesday to 62.41 points.

Declining issues outnumbered advances by about 8 to 5 in nationwide trading of New York Stock Exchange-listed stocks, with 561 up, 912 down and 486 unchanged. Volume on the floor of the Big Board came to 142.90 million shares, against 135.50 million in the previous session. Nationwide, consolidated volume in NYSE-listed issues, including trades in those stocks on regional exchanges and in the over-the-counter market, totaled 166.99 million shares. The NYSE's composite index of all its listed common stocks dipped .20 to 151.04. Standard Poor's industrial index fell .38 to 307.73, and 500-stock composite index was down .20 at 267.72.

The NASDAQ composite index for the over-the-counter market dropped 1.40 to 372.36. At the American Stock Exchange, the market value index closed at 289.40, down 2.08. Treasury Bill Interest Rate Up WASHINGTON Interest rates on short-term Treasury securities rose in Monday's auction to the highest level at such sales in more than three years. The Treasury Department sold $7.2 billion in three-month bills at an average discount rate of 7.82 percent, up from 7.54 percent last week. Another $7.2 billion was sold in six-month bills at an average discount rate of 7.87 percent, up from 7.71 percent last week.

The rates were the highest since three-month bills sold for 7.87 percent on April 29, 1985 and six-month bills averaged 7.90 percent on May 13, 1985. Insurer Halts California Policies BLOOMINGTON, 111. The largest home and car insurer in California State Farm Mutual Auto Insurance Co. said Monday it has stopped writing new auto policies because of chaos surrounding rate-slashing Proposition 103. 1 State Farm Mutual will continue to carry and renew policies for its more than 3 million auto insurance customers, the company announced Monday.

But new applications will be referred to an affiliated company that has higher rates. Proposition 103 orders sweeping changes of the insurance industry, including a 20 percent rate cut below November 1987 rates for auto, home and commercial insurance. Next Banking Chief Proposes Loan Country Radio Stations Sold By Rick Nathanson JOURNAL STAFF WRITER THE ASSOCIATED PRESS Vr Oil'! V- I would open a $50 billion line of credit to the Federal Savings and Loan Insurance Corp. Money from the sale of loans and repossessed property from the failed could then be funneled back to the Treasury. Gonzalez said his recommendation could be accomplished with little or no legislation.

He acknowledged tnat the administration has resisted any use of taxpayer funds in the crisis, but, he said it might be more receptive now, after the presidential election. "Nobody wanted much to rock the boat before the election," he said. The Federal Deposit Insurance winch insures commercial banks bui has been tracking losses, estimates it will cost $65 billion to clean up the mess. "The FSLIC, it's broke There's no other way to put it," Gonzalez said. Nobody wants a taxpayer bailout but there are limits to what the industry can do and they've reached those limits." WASHINGTON The likely chairman next year of the House Banking Committee said Monday he will ask the Treasury secretary and chairman of the Federal Reserve to push for a $50 billion loan to the agency that rescues insolvent savings institutions.

Rep. Henry Gonzalez, D-Texas, told the National Association of Mortgage Brokers that his first priority as chairman would be the savings and loan crisis. Gonzalez is the senior member of the committee and has the backing of House leaders to take over from the current chairman, Rep. Fernand St Germain, who lost his bid for a 15th House term. He told the mortgage brokers that he has asked to meet with Treasury Secretary Nicholas Brady to present the plan, and wouid also seek a meeting with Federal Reserve Chairman Alan Greenspan.

Under the proposal, the Treasury Albuquerque country music stations KRST-FM and KRZY-AM have been sold for a reported $8.1 million, double what the stations were purchased for last year. Bill Sanders, president of Wagontrain Broadcasting of Albuquerque, on Monday confirmed the sale and said approval by the Federal Communications Commission was expected by mid-December. Sanders said he sold the stations to Commonwealth Broadcasting, based in San Diego. The buyer owns radio stations in California and Nevada, Sanders said. "I paid $4 million for the stations and sold them for $8.1 million a year later," he said.

"That's a pretty good reason to sell. If you invested $4 million in the stock market and it doubled in one year, you'd sell, too." Wagontrain, which owns the national radio consulting firm of Drake-Chenault, will retain ownership of the KRSTKRZY studio and transmitter facilities. Sanders said he didn't foresee any format or personnel changes at the two radio stations. "It ain't broke, so there's no reason to fix it," he said. With few exceptions, radio stations in the Albuquerque market have been selling for between $2 and $3 million, Sanders said.

There are more than 40 stations in the market. According to the most recent Arbitron ratings, KRST-FM is ranked No. 3 and KRZY-AM is No. 15 in the overall 6 a.m. to midnight, 12-plus age demographics.

Henry Gonzalez "The FSLIC, it's Later he said, "If it ever gets around that there's nothing insuring those accounts and deposits, you could have chaos." After insolvent are closed, Gonzalez said he would preserve the conventional system, aided by a National Housing Trust to stabilize mortgage interest rates. "We've got to save some semblance of the system," he said. Go MMODITIES. 1410 Prev Open Int, 22,906. 1385 1427 1419 1387 1433 1427 CONTINUED FROM C8 1447 1438 30 DAY INTEREST RATE Dec 1402 Mar 1438 May U26 Jul 1433 Sep 1440 Der 144n Mar 92.55 92.56 92.52 92.52 Jun 92.55 92.55 92.52 92.52 Sep 92 49 92.49 92.48 92.48 Dec 92.42 92.42 92.39 92.38 Mar 92.41 92.41 92.41 92.42 Jun 92.38 .02 .04 .04 .04 .04 .04 AUSTRAL.

DOLLAR Sperdlr-1 point equals S0.0001 Dec .8462 .8473 8442 8442 Mar .8347 .8355 .8333 .8333 Prev sales, 104 Prev Open Int, 2,215. Change: -2 -28 -32 6250 percontract 1443 1432 U38 -32 -15 -10 -7 -9 -12 -17 1440 Nov 91.60 91.62 253.30 247.50 252.00 253.50 247.50 251.90 251.50 246.00 250.00 247.00 242.00 246 20 243.00 238.50 242.20 238.00 235.00 237.50 232.00 229.00 232.00 222.00 220.00 222.00 219.00 217.00 217.00 21,969 Dec 252.10 Jan 252.00 Mar 250.00 May 246.00 Jul 241.50 Aug 237.00 Sep 231.10 Oct 222.00 Dec 217.00 Prev sales, 1440 1440 1440 14-ta 1451 Mar U75 1475 1475 1475 Prau calAc 7 91.60 91.20 91.20 91.30 91.30 91.31 91.34 .02 .02 .01 91.21 91.20 91.30 91.31 91.31 91.34 91.62 91.21 91.20 91.31 91.30 91.28 91.30 91.19 Dec 91.20 Jan 91.20 Feb 91.30 Mar 91.31 Apr 91.31 Jun 91.34 Sep Prev sales, 3,420 Prev Open Int, 23,760. Change: 68 EURODOLLARS SI million-ptsof 100 pet. CANADIAN DOLLAR perdlr-1 point equals SO 0001 Dec .8126 8137 .8102 .8107 59 Mar .8092 .8098 .8062 .8066 62 Jun .8045 .8045 .8025 65 Sep .7984 68 Dec .7970 7970 7970 .7943 71 Mar .7903 73 Prev sales, 2,779 PrevOpen Int, 17,367. Change: -313 FRENCH FRANC Sper franc-1 point equals SO.

00001 Dec .16760 .16760 .16760 .16760 -120 Mar .16755 .16755 .16755 .16780 -110 Prev sales, PrevOpen Int, PrevOpen Int, Change: -210 CP INDEX points and cents N.Y. MERCANTILE CRUDE OIL 1,000 per Dec 14.00 14.30 ,184 Int, 79,792. Change: -1 Prev Open Dec 91.00 91.02 90.98 91.01 .06 .06 Prev sales, 221 Mar 91.12 91.15 91.10 91.13 Apr Jul Prev Open Int, 2,075. Change: -1 16 123.63 125.40 127.99 Jan bbl. 14.00 14.27 13.92 14.14 13.90 14.05 13.95 14.07 13.98 14.09 13.98 14.11 14.06 14.13 14.08 14.15 14.20 14.17 14.12 14.19 14.16 14.25 .32 .27 .22 .20 .19 .18 .17 .16 .15 .14 .11 1415 1410 14.10 14.15 14.15 14.20 14.20 14.24 14.20 Jan Feb Mar Apr May Jun Jul Aug Sep 13.92 13.90 13.95 14.00 13.98 14.15 14.20 14.24 14.20 14.18 Jun 91.13 91.13 91.09 91 11 Sep 91.04 91.05 91.02 91 03 Dec 90.92 90.93 90.90 90.91 Mar 90.95 90.95 90.92 90 93 Jun 90.87 90.87 90.83 90.85 Sep 90 76 90.78 90.74 90.77 Dec 90.64 90.68 90.64 90.69 Mar 90.65 90.66 90.62 90 66 Jun 90.55 90.59 90.55 90 60 Sep 90.51 90.55 90.50 90.55 .08 .08 .08 .08 .08 Prev Open Int, CHICAGO MERCANTILE CATTLE 40,000 per lb.

LIQUID PROPANE 42,000 gal- cents per gal Dec 19.80 .05 Jan 20.40 .05 Feb 20.65 20.65 20.65 20.70 .05 Mar 21.05 .05 Apr 21.35 Prev sales, 61 Prev Open Int, 1,272. Change: 20 UNLEADED GASOLINE 42,000 gal- cents per gal Dec 46.80 48.25 46.75 48.16 1.51 Jan 42.90 43.90 42.90 43 86 1.06 Feb 41.25 42.25 41.25 42.10 .87 Mar 41.70 42.50 41.70 42.31 .71 Apr 42.55 43.05 42.55 42.71 .66 May 42.81 43.70 42.81 43.11 .61 Jun 43.20 43.25 43.00 42.91 .61 Jul 42.61 .61 Aug 42.31 .61 Sep 42.00 Prev sales, 16,935 Prev Open Int, 50,933. Change: 1,637 PLATINUM 50 troy per trov oz. Ian 580.00 583.50 572.50 576.50 5.10 Apr 575.00 580.00 568.00 572.0 5.20 Jul 573.50 5.20 Oct 579.50 579.50 579.50 576.00 5.20 Jan 580.50 5.20 Prev sales, 5,814 Prev Open I nt, 21 ,826. Change 1 41 PALLADIUM 100 troy oz-dollars per oz Dec 125.50 1 26.00 1 25.00 1 25.55 Mar 123.00 123.50 123.00 123.55 Jun 122.50 1 23.25 1 22.50 1 22.30 Sep 121.30 Prev sales, 5,701 PrevOpen Int, 6,229.

Change: 12 Dec 14.18 Prev sales, 49,637 Dec 72.35 72.70 72.10 Prev Open Int, 20,493. Prev sales.41,390 Prev Open Int, 509,987. Change: Change: Feb 72.65 72.97 72.35 HEATING OIL 42,000 gal-cents per gal 72.30 72.67 74. li 72.8C 70.27 70.00 69.67 .03 .25 40 Apr 74 30 74.50 73.72 Jun 73.10 70.15 72 40 Aug 70.57 70.65 70 00 Sep 70.00 70.00 70.00 Oct 69 97 69.97 69.60 Dec 44.16 44.70 44.10 44.63 62 Jun 96.270 .050 Sep 96.200 .050 Prev sales, 618 Prev Open Int. 15,591 Change -44 US DOLLAR INDEX points and cents Dec 91.98 92.11 91.75 92.10 .61 Mar 91.98 92.10 91.78 92.10 .61 Jun 92.05 92.05 92.05 92.18 .58 Sep 92.38 .63 Prev sales, 1,746 Prev Open Int, 6,053.

Change: -540 CHI BOARD OF TRADE WHEAT 5,000 bu minimum- dollars per bushel Dec 4.17v, 4.22' 4.12 4.2034 Mar 4.24 4.264 4.16 4 24 4 Mav 4.03' 4.08 3.99 4.0544 Jul 3.79'.i 3.85 J.77',4 3.82V4 .01 Sep 3.85', 3.88 3 83 3.86 Dec 3.91 3.97 3.91 3.96 .00 Prev sales, 15,307 Prev Open Int, 72,623. Change: 98 CORN 5,000 bu minimum- dollars per bushel Dec 2.68 2.72'4 2.6514 2.71' .01 Mar 2.76V4 2.79 2.73 2.79'4 .01 Mav 2.80 2.83' 2.77 2.82 .01 'A Jul 2.8OV4 2.84 2 2.83V4 Sep 2.67V4 2.70' 2.66' 2.70V4 .01 Dec 2.59 2.62'4 2.58 2.62V4 Mar 2.64 2.67 2.64 2.67 Prev sa les, 68,021 Prev Open Int, 253,211. Change: OATS 5,000 bu minimum- dollars per bushel Dec 2.12 2.13 2.07 2.13 Mar 2.21 2.23 2.16 2.23 .01 Mav 2.24V! 2.25' 2.20 2.25', .01 Jul 2.1414 2.17 2.11' 2.17 Sep 2.10'4 2.14 2.09') 2.14 Prev sales, 1,504 P.rev Open SOYBEANS MAJ. MKT. INDEX 25 mmi 250 index Nov 407.00 407.30 403.20 405.40 Dec 408.10 408.50 404.20 406.30 Jan 410.10 410.40 406.80 408.40 Prev sales, 3,819 Prev Open Int, 6,035.

Change: 299 CBOE ISO INDEX points and cents Jan 239.60 239.60 239.60 240.95 .45 Feb 719 75 719 75 919 75 241 75 45 Mar 240.50 240.50 240.50 241.90 .40 Dec 239.90 240.40 238.35 239.85 .55 Prev sales, Prev Open NY COFFEE, SUOAJt, COCOA SUGAR WORLD WHITE 112,000 per lb. Jan 244.00 Mar 244.00 May 245.00 Jul 246.00 Oct 543.60 Jan 243.60 Prev sales, Prev Open GERMAN MARK Spermark-1 point equals SO. 0001 Dec .5741 .5760 5733 5741 -38 Mar .5794 5815 5789 5796 40 Jun .5860 .5860 .5853 .5856 41 Prev sales, 21 ,349 Prev Open Int, 54,082. Change: 1 ,294 JAPANESE YEN Smci yen-1 point equals 50. 000001 Dec .008118 .008145 .008102 .008108 -77 Mar .008203 008233 008190 008195 79 Jun .008300 008326 008294 008294 81 Sep .008415 .008415 .008405 .008392 83 Prev sales, 24,232 Prev Open Int, 58,494.

Change: 412 SWISS FRANC per franc-1 point equals SO. 0001 Dee .6841 .6871 .6836 .6844 44 Mar .6921 .6947 .6911 .6920 -46 Jun .7015 7015 6995 7002 48 Sep .7110 .7110 .7075 .7082 -48 Prev sales, 22,461 PrevOpen Int, 40,138. Change: 514 GOLD 100 trov dol lars per troy 02. Dec 421.70 426.90 421.00 425.20 1.90 Feb 427.00 430.50 426.00 430.40 2.10 Apr 432.20 435.80 431.30 435.60 2.20 Jun 438.00 441.00 436.70 440.80 2.20 Aug 442.50 442.50 442.50 446.50 2.50 Prev sales, 1,871 Prev Open Int, 1,373. SILVER)1000) -cents peroz.

Nov 637.0 637 0 637.0 640.0 Dec 641.0 647.0 637.0 644.5 2.0 Jan 646.0 650 0 645.0 6 50.0 2 5 Feb 652.0 658.0 648.0 655.0 2.0 Apr 661.0 668.0 660.0 666 5 3.0 Jun 673.5 678.0 670.0 677.0 3.0 Aug 685.0 665.0 685.0 685.0 1.0 Oct 692.0 692.0 692.0 697.0 2.0 Dec 705.0 707.0 703.0 707.0 2.0 Prev sa les, 5,077 Prev Open Int, 15,781. Change: 468 SllVEt)5000) 5,000 peroz. Dec 640.0 646.5 640.0 644.5 2.0 Prev sales, 15 Prev Open Int, 88. Change: -2 IOYR. TREASURY prin- pts 32nds of 100 pet Dec 93-22 94-4 93-20 94-2 0-9 Mar 93-13 93-27 93-13 93-26 0-9 Jun 93-15 93-19 93-15 93-19 0-9 Sep 93-10 0-9 Prev sales, 7,672 Prev Open Int, 94,317.

Change: 637 Prev sales, 13,975 Prev Open Int, 85,064. Change FEEDER CATTLE 44,000 per lb. S4PC0MP INDEX points and cents Dec 269.35 269.65 267.30 268.85 25 Mar 272.00 272.30 269.90 271.60 .40 Jun 273.20 273.20 272.50 274.15 .30 Sep 276.70 .30 Prev sales, 42,500 Prev Open Int, 136,592. Change: 275 BRITISH POUND per pound-1 point equals $0.0001 Dec 1.7988 1.8O60 1.7972 1.8012 40 Mar 1.7874 1.7948 1.7854 1.7892 44 Jun 1.7760 1.7760 1.7756 1.7766 46 Prev sales, 7,447 Prev Open Int, 22,547. Change: -1 ,465 Jan Feb Mar Apr Mav Jun Jul Aug Sep Oct Nov 44.00 44.40 43.85 44.34 43.10 43.60 43.10 43.59 41.25 41.45 41.20 41.49 39.15 39 60 39.15 39.49 38.25 38 40 38.20 38.39 37.70 38.00 37.50 37.79 38.00 38.00 38.00 37.79 38.69 38.69 38.69 38.29 38.99 39.69 41.00 41.00 41.00 40.39 .54 .54 .49 .44 .39 .34 .34 .34 .34 .34 .34 .34 Nov 81.47 81.72 81.45 .25 ei.6c 82.52 81.77 81.00 79.50 78.75 78.15 Jan 82.45 Mar 82.00 Apr 81.00 May 80 00 Aug 78.50 Sep 78.15 82.90 82.37 82.15 81.55 81.20 80 80 80.00 79.50 78 60 78.50 78.15 78.15 Dec 41.40 41.50 41.40 41.09 Prev sales, 17,779 Prev Open Int, 86,104.

Change: 1 .423 Prev sales, 734 Prev Open Int, 14,823. Change: 53 SUGAR -WORLD 1 1 112,000 per lb. I NDEX OPTIONS Jan 10.00 10.00 10.00 10.03 cents per lb. 40.9 7 40.55 10.11 10.50 10.04 1046 9.B5 10.22 9.80 10.12 9.73 10 04 9.67 10.00 Mar Mav Jul Oct Jan HOGS 30,000 40.60 Feb 44 85 Apr 43 80 Jun 48.05 Jul 48.30 Aug 47.50 Oct 44.55 Dec 45.75 40.67 44.92 43.65 48.25 48.60 47.75 44.92 45.95 .17 .12 .05 .23 .25 .32 .05 9.58 9 92 9.5B .10 .38 .30 .33 .28 .11 .27 159 45.12 43.97 48.32 48.60 47.65 44.55 46.00 US TREASURY BONDS (8 pct-SI 32nds of 1 00 44.55 41.52 48.05 48.30 47.40 44.50 45.70 104 13 16 pet) 984 8.92 9.50 MMIdx395s 405.07400 I 405.07410 405.07415 405.07 420 405.07435 405.07440 I Mar 9.35 9 50 9.30 Dec 88 20 89-2 88-11 89-1 12 10 8 3Vi Prev sales. 10,706 167.72 290 Vu 67.72 795 Vu 67.72 300 32 7.72 325 Vu 57'4 ALL VOL.

OPN INT. 3UT VOL. OPN I NT. NSP500 270 5H 1 6V4 CALL VOL. -25 OPN INT.

PUT VOL. -25 OPN INT. 5,000 bu minimum- dollars per bushel Prev Open Int, 115,246. 7.60 7.43 7.59 Nov 7.56 2 Prev sales, 4,958 Prev Open Int, 34,622. Change: 387 COFFIEC 37,500 lbs.

0-12 0-12 0-11 0-10 0-10 0-9 0-9 0-9 0-9 0-9 0-9 cents per lb. Mar 88 5 88-20 87-28 88-18 Jun 87-20 88-4 87-16 88-4 Sep 87-22 87-23 87-10 87-23 Dec 87-1 87-11 86-31 87-11 Mar 86-24 86-31 86-20 86-31 Jun 86-20 Sep 86-5 86-9 86-5 86-9 Dec 85-30 Mar 85-19 Jun 85-8 7.75 7.58 7.71 Vi 7.85' 7.68V1 7.82V, 7.87'4 7.71 7.85' 7.88 7.72 7.85'A 7.79 7.67 7.77 Jan 7.66 Mar 7.77 May 7.78 Jul 7.81 Aug 7.73 Sep 7 44 HBOE INDEX OPTIONS TRADED Slrk Calls-Last Puts-Last ii4 37 130 Vn 235 19' Vl 15'j 17 21'4 iil'Vu 3 :54.37245 10V 13 Vu 2 4 250 5 9V. 12V, 4 414 2j5 2'4 6'1 1'k Ju 5' 8'1 .154.37 260 Vu 3 6 8 10,4 :65 Vu l'i 4H 10 11 13 2'0 Vu 'Vi 2 15 16 Wit 275 Vu Vu 1 20'4 19 21 154.37 280 Vu 1 25H 25 26 254.J7 485 "4 CALL VOL. OPN INT. 446,965 3UTVOL.

-16U75 OPN INT. .00 .00 188.84185 4 6' I 2Vu 188.84190 1 VI 2Vu 4'l 188.84 195 Vu 7V4 188 84 2O0 i 10 11 188.84 215 25 CALL VOL. -427 OPN I NT. PUTVOL. -649 OPN INT.

PHILADELPHIA INDEX OPTIONS Jan GSldx95 2'4 91.43 100 2 CALL VOL. -9 OPN INT, -528 PUT VOL. OPN INT. -239 VLEIdx230r 4 CALL OPN INT. 702 PUT VOL.

-32 OPN Utlldxieo 7' 186.92185 2Vu 3'4 1 CALL VOL. OPN INT. PUT VOL. -I NYSE INDEX OPTIONS TRADED AMEX OPTIONS TRADED 7.46 7.36V4 7.42V4 .42 35 .42 .57 .47 Dec 128.25 128.40 126.50 127.27 Mar 128.30 128.60 127.00 127.60 May 127.25 127.60 126.25 126.60 Jul 126.50 126.50 125.75 126.13 Sep 125.75 Dec 124.55 125.00 124.55 124.11 Mar 126.00 1.63 Prev sales, 6,687 Prev Open Int, 20,173. Change: 623 7.16 7.21 7.28 7.28 NOV 7.21' 7.23 Jan 7.30 7.30 Jan MM AM 370 Prev sales, 52,506 Prev Open Int, 112,067.

Change PORK BELLIES 40,000 per lb. Feb 44.55 45.17 44.40 44.77 Mai 45.20 45.55 45.00 45.22 May 46.80 47.10 46.50 47.02 Jul 47.85 48.50 47.85 48.37 Aug 47.00 47.55 47.00 47.12 Prev sales, 2,710 PrevOpen Int, 19,741. LUMBER 150,000 bd. per 1,000 bd. ft.

Nov 170.40 1 71.40 169.30 1 71.40 4 Jan 176.00 1 76 30 1 74.70 1 76.10 Mar 178.80 1 78.80 1 77.80 1 78.60 May 180.00 180.30 179.50 180.00 CALL VOL. OPN INT. -44, 738 PUT VOL. OPN I NT. Oil Idx 165 lu 170.96175 4 170.96180 170.96185 V4 CALL VOL.

25 OPN INT. -461 PUT VOL. -6 OPN I NT. -628 Instldx240r 267.05 245 1 Vu 1 267.05 250 V4l'Vu 267.05255 12'4 V4 2 267.05 260 B'4 Vi 267.05265 4 7 l'4 5'4 267.05 270 lVu 4' 3 7 267.05 275 Vu I 267.05 280 Vu 1 267.05 285 Vu Vu 267.05300 Vu OPN INT. PUT VOL.

OPN INT. PACIFIC INDEX OPTIONS Finldx 175 188.84 1 80 9 11 1'Vu SUGAR 14 1 12,000 per lb. Nov .01 47H 42 Jan 1'Vn 3 6 10U 15 167.72 225 167. 72 210 167.72 235 140 21.60 21.65 21.80 21.83 21.60 21.80 405.07 375 405.07 380 405.07 385 405.07 390 16 405.07 395 10 405.07400 6'i 13', 405.07 405 3 11 '4 405.07 410 1 7V, 405.07 415 Vu 5'4 405.07 420 'A 3 405.07425 '4 2 405.07430 Vu 1 405.07 435 Vu 405.07 440 Vu Vu 405.07 445 405.07 450 14 NY Idx 135 I I 3 4'4 5 7 8 11 14 17 22 26 29 35 rev sales, 74,745 Prev Open Change: 2,423 MUNICIPAL BONDS S'OOOx index-pts 32nds of 100 pet Dec 90-6 90-15 90-2 90-13 0-13 Mar 88 26 88-31 88-21 88-30 0-12 Jun 87-20 87-22 87-15 87-22 0-12 Sep 86-16 86-18 86-12 86-18 0-12 Dec 85-15 0-12 Prev sales, 1,307 Prev Open Int, 17,280. Change: 14 YR.

TREASURY $100,000 prin- pts 32nds of 100 pet Dec 97.040 97.040 97.000 97.040 .035 Mar 96.305 96.315 96.280 96.310 .025 Jun 96.260 .025 Prev sales, 405 Vi Mar May 1 30 .30 .10 .50 21 80 21.65 21 83 21.97 22.01 21.99 21.85 SOYBEAN Oil 60,000 lbs- dollars per 100 lbs. Dec 22.23 22.60 21 83 22.42 .09 Jan 22.52 22.85 22.06 22.67 .06 Mar 23.00 23.33 22.55 23.21 .10 Mav 23.52 23.75 23.05 23.72 .12 Jul 23.90 24.10 23.45 24.10 .10 Aug 24.00 24.10 23.50 24.15 .05 Sep 24 00 24.38 23 70 24.42 .15 Oct 23.90 24.40 23 80 24.45 .08 Dec 24.00 24.40 23.82 24.35 Prev sales, 15,491 Prev Open Int, 82,103. Change: -1 ,228 SOYBEAN MEAL inn ions-dollars per ton .72 245 .01 Jul Sep Jan V. 'I. Vu I lVu '4 IV) 2V, 3'4 1V4 4 3'4 6 9 12'A 13' 16 lVu 3 5' Vu '4 'Vu 2u 4 7'4 2 4 6 Jul 181.40 1 81.70 180.50 1 80.50 Sep 181.20 181 20 1 80 80 181.80 Nov 179.80 1 79.90 1 79.80 1 79.80 Prev sales, 611 PrevOpen Int, 5,136.

Change: 30 UST. BILLS SI million- pts of 100 pel. Dec 92.38 92.38 92.33 92.34 151 04 140 151.04 145 7 151 .04 1 47 151.04 150 1 4 151 1 2 151.04 1 55 151 .041 57' l'u 151.04 160 151.04 165 151.04 1 70 250 17' 19 2S5 15' SO 12V4 167.72 265 4'4 8V4 2 70 1 5 275 2" 280 It I 167.72 235 Prev Open'lnt, 7,219. Change: -199 COCOA 10 metric tons-S per ton 9 CALL OPN 44' INT. 50,557 14 14'4 PUT VOL.

OPN 18!.