Albuquerque Journal from Albuquerque, New Mexico • Page 46

C-I2 ALBUQUKRQLK JOURNAL Thuixlay, April 1. 1982 usiness Futures Trading Express Mail Services Find Business Booming Nationally CHICAGO iP) Futures ''afl'ng on ire Ciirat Board of T'Ale Otn High lo SrflW Chg. WHEAT 5 000 bu minimum; Ooliiri per Dutlai Ma, 3 68 3 71 Jo' 3Vi 0" Jui 3 74 3 7b1 1 3 73'. 3 '6 0i' Sec 3 96H 3 M. 3 96 3 88'- Pc 4 06 4 06h 4 03.

4 lt Mar 4 16 4 30 4 17, 4 lt. Way 4 24 4 sv, 4 24 4 264 saw 20 328 fcv days open int 4998 CORN 0O'. 01 Or. 01 5000 bu minimum; dollirt ptr buihtl way Jui SBC Dec Ua. P'v 0TS 2 74 2 4i.

2 734 2 74'. 2M. 2 65 2 8J4 2 2 88 2 89h 2 87V, 2 88V. 2 93V. 2 96 2 92.

2 94W 3 0 7 3 09 3 06'i 3 071. 3 15 3i7 3 15 3 '6 saws 34 336 aay our int 1 29 345 00'. 00 'i OC'V. now oo. 5 000 bu minimum; dornrj pr Duihal Kip vbi1 I i w-y-i.

f'si if 4 Way 2 03 2 04-. 2 02. 2 03'. Jul 1 8tvi 1 88'. 1 86' 1 86.

Sflf) 1 79 1 80 1 "B'l 1 784 004 rc 1 83 4 1 84 1 82 1 82 01 4 Mar 1 8 7 4 00 4 P'9v ws i 556 P'Pv 3a i oger inl 8 '06 01 25 SOVBt-ANS 5.000 bu minimum; dolif'i per bina! May 6 34 6 42 53 6 JUI 6 42 6 49 I 6 41 6 4'4 051 Aug 6 46 6 5 2 6 45 6 514 06. bop 6 47 6 46 6 06i jv 6 52 6 59 6 50 6 56. 064 Jan 6 63 6 714 6 63 69 054 Mar 6 79 6 854 6 '9 6 84 054 May 6 M4 Jul 7 034 P'v Sams 36 104 P-ev nays open int 85 0'i SOVBtAN OIL M.OOO Ita, 3orri per 100 IM May 18 86 18 18 75 18 88 Jul 19 40 19 50 19 II 19 43 i'0 Kt) '9 5' 19 '3 19 5' "0 '4 19'6 19 '9-5 '910 17 On 19 96 2C 10 20 13 '5 Cwc 20 20 20 42 2T20 JC 38 16 jan 20 SO 20 63 20 50 20 52 07 Mar 20 80 03 P'v sales 9 5' 5 P'v flays npen in! 49 rjyi3 Jp U3 those mailings came from improper addresses or zip codes, and that mail doesn't get returned unless the sender is willing to pay extra," postal official Duka said. In Albuquerque, where about 2.5 million pieces of mail pass through the post office every day, 550 employees are able to sort the letters and packages and still offer overnight service to most of the state about 95 percent of the time. Only the extreme Southwest and Southeast New Mexico cannot be reached in one day, said Mel Sanchez, director of mail processing and assistant postmaster in Albuquerque.

Sanchez has his own explanation for whythepostofficehassuchabad reputation. "When you see a typo in the newspaper, that's what sticks in your mind, no matter how many words are spelled correctly. And when a letter is late, that's what's remembered." Business' increased use of private courier services is not the result of disenchantment with the Postal Service, Sanchez argued. "When you walk down the street and see Wendy's and McDonald's and Jack in the Box, you wonder how they all stay in business. But they do.

They each offer something a little different that is attractive to someone different." Despite the Postal Service's express mail service, which guarantees delivery on the next business day to about 215 cities across the nation, some customers continue to patronize the private couriers because of convenience Federal Express and Purolator will pick up packages and let the customer pay later, which the post office won't do. Geoff Davidian is a free-lance writer living in Phoenix. "As a whole, the government is our biggest customer, and we continuously grow with government," said Bailey Johnson, who is in charge of government sales for Federal Express at its national headquarters in Memphis, Tenn. Locally, business has been so good that its volume in March was 43.8 percent higher than in March 1981, according to Steve Smith, Federal Express' city manager. "It has been great locally over 965 packages per day coming in and out of Albuquerque over the past year," Smith said.

A Journal survey of businesses in the Albuquerque area, however, showed that Federal Express' increased business is not due to substantial disenchantment with the Postal Service. Statistics show, postal authorities insist, that service is much improved. And they're starting to fight back when storfes appear In print about bad servfee. A recent article in the Wall Street Journal quoted three businesses as denouncing the Postal Service. It suggested that many businesses are being hurt because mail service is so slow.

Postal authorities, upset by the report, called the companies and learned that the story was inaccurate. Fueling the tempers of postal officials was a report by the Direct Mail Marketing Association that about 6 percent to 9 percent of the mail in recent tests never reached its destination. The officials checked the figures and learned that the numbers concerned only third-class mail the cheapest and slowest class, used for "junk" mail. "And most of the problems with By GEOfF DAVIDIAN Sitting in the purple and red van on Gold SW, Kathy Linn thumbed through the eight packages that had been dropped in the Federal Express box at Sandia Savings. One by one, Ms.

Linn noted the destinations on a clipboard. "Business is up," she said. "There seems to be a feeling that the (U.S.) Postal Service is getting worse, and businesses are coming to us for reliability." It's that kind of talk that riles postal authorities. The authorities acknowledge that business is probably pretty good for the private deliver)' services. But, they say, their business is good, too.

"Federal Express may deliver 50 million to 100 million pieces," said Walt Duka, assistant postmaster general for communication in Washington. "But the Postal Service delivers 110 billion pieces a year." At least one courier service acknowledges this. "Purolator will deliver 30 million packages a year, compared to the billions delivered by the Postal Service," said Kenny Kemp III, Purolator's marketing representative in Albuquerque. Kemp added, "The volume is so immense, they (postal employees) do a tremendous job. No one else can do what they do, as well as they do it." Purolator Courier grossed SI.

65 million in New Mexico during fiscal 1981, and S417 million nationally that year. Federal Express, Purolator's competitor in the private sector, also did well, grossing S590 million last year. The federal government has done its share to help Federal Express, having become the private service's biggest single customer, accounting for between 2 percent and 3 percent of the company's business. SOYBEAN HEAL 100 loni. doners per Ion m'SylMi) A May 183 188 '93 '0 18' '0 '4 30 18P 19CX 1' -3 60 18 7 40 1 9C X' 18' V' 190 JC 60 188 50 19' '88 JO 191 50 2 61 GO 189 50 192 00 1690 191 '0 '0 Uc 192 00 1 95 00 191 50 1 94 '0 2 JO Jan 194 30 1 9 7 00 '93 50 '9' 00 '0 Mar 199 40 201 00 1990 20 1 00 2 80 P.v saes 13.399 P'ev Oay open in 43 64' CAHVE 40.000 Ibe ant per lb Apr 66 05 68 t.5 6' 75 68 57 32 Jim 56 JC 6 50 66 8 6 66 42 25 A.X) 63 25 63 50 6 2 95 63 33 On 62 00 62 10 6' 60 6 92 23 (Oer 62 40 6 46 52 05 62 35 26 6 6 2 20 62 30 62 '0 6 2 30 26 Apr 620 '2 40 62 20 62 50 27 P-sv mm '9 8 '6 P'v Oay xr inl 69 60 FIEDCR CA7T1E 42.000 ceu per lb Apt 6h '6 4 6c May r45 6(1 '0 66 10 6li 13 Aug 6.1 20 65 20 64 50 64 9." 43 Sec 64 04 64 20 6.1 96 M3! JO On 6.1 '5 i' 63 x' '6 t-v 64 25 64 Ju 64 'C 30 15 P'ev wies 2 4'1 P-ev day open in 9 HOGS 30.000 Ibe centt per lb Apr 60 36 61 '0 (I Jun so 55 'i 55 4' Jul 56 32 56 ttf it 56 Ac 56 56 66 54 80 I '0 On 54 46 5..

55 '4i' '6 Oc 54 80 66 '4 54 9' fr 5J.T 6, '6 51 7 26 Gary Cuculich of Purolator Courier Checks Packages Company Agent Lauds Postal Service Efforts Indicators Mixed Showing Ends First Quarter Stocks in Spotlight Spot Commodities EV c' Journal Phnto by Turner Odd Lot Sales 6' -flAK 'ev- V.r OI clions Ma' JC- 'i-tses of 105 iii 2'0 sriares 1 ,720 sHrt'is sri.yl. Cocoa Market A 1 '-an AP "iM' Aft-Open H.J6 Lo Seine COCOA 10 metric tone, pe' 'on Vb "4 '6'4 6M iwh. '66' H.74 arid Cng '8-'. 'M p. 3a.

Cotton Market A it. 'S; -5 5' rxi Ami' 'laj a.pv.;p '-j 4 V- r-f' a Sp i t. i Oper' Hlh LOl COitON 2 5C 000 Ibe ce-n per ib i K- t- "42 Seine Chfl Prices 14'. 3' 69S 16 13 26 1 U1 Markets at Glance S' Snxk Ercninge P-ev vmr Toley Py Ago 4 -1- NV '6 A 2rf 4 2'X-C-'ive' I d' 'is 7' 7fi 89 i '-7i Hn 'j, S' n.i-.-y it i 6 28 32 .12 j4 '1- 'V "a in 22' 3o 2i 71, 316 Jifi i'6 l. "i 421 1-- M'ais A 6 if J'' S' 2 1' 4i" 3'- 4 What Stock Did 1,: AP Wa- By CKETCL'RIKR AP Business Writer NEW YORK The market closed out an uninspired first quarter of 1982 with a mixed showing Wednesday.

The Dow Jones average of 30 industrials dropped 172 to H22.77, leaving the average with a net loss of 52.2.5 points for the first three months of the year. The day's volume on the New York Stock Exchange totaled 43.30 million shares, against 43.90 million Tuesday. Gainers and losers were ahout evenly balanced in the overall tally on the Big Board. The exchange's composite index gave up .13 to 64.52. Nationwide turnover on NYSE listed issues, including trades in those stocks on regional exchanges and in the over-the-counter market, totaled 50.98 million shares Standard Poor's index of 400 industrials fell .40 to 124.23, and 500-stock composite index was down .31 at 111.

'vi 1k i '4 vl C' AmerKen Slrx rllcenge 6 2 2.1 C6V1 Trend of City Firm Is First -v j. 1 4. Jones Averages AI-' I Ma; )' Open Higrt Low CloM Cig 4. 1 v- 4- u- r.i K1 1 'ii 26 4J 321' '4 42 J5' -M 5'J. Art- 5" ItfJ HJS' 14H 1979 1..0" 31 '46 WU 469 "-4 AO 4'8 d.t-a..p us Standard and Poor tA an; Pfi'S 5i 5I Art' Hign low C'M C't 4.1 inOur! 1.

5 6' .3 4.: 2 t.as C2- 621' .4 5. 4- 4." '4 14 -18 14 2 J' 5UX l'3 1" '11 32 1" 3' Potato Markets CHTAoO AP jSDA bS 'A I'X 6 "a 'LI 5 fcra.1-. 'KV. 30 -uWi 6 'X'1 i-ax 6 -J54j' -SM''s '6 5C. '6 0C A ASl! 1J5C 13 20 Coffee Market three sessions, Newton Zinder at Hutton Co.

said the market's recent action "can be interpreted to fit all persuasions. "Those of no particular opinion may have the best argument, because the market has been in a virtual stalemate." Nevertheless, the NYSE said March was the busiest trading month in its history, with daily volume averaging 55.23 million shares The previous record of 54 90 million was set last November. The standout gainer on Wednesday's active list was Kaiser Steel, up 4 at 31. A Wall Street Journal article discussed the company's very large cash assets, as well as heavy activity in its stock despite a private investor group's recent abandonment of a takeover bid Eastman Kodak, which introduced a new high-volume copier, gained '8 to 72iv Banner Industries dropped 1 to 9: 2 after taking a 2 2 -point jump Tuesday. West Vi Gautsth, a broker associate with Lukens and Associates Realtors of Albuquerque, has been elected to a two-year term as director of Home Service a local house warranty company.

Wayne Burch, sales manager of Vaughan Company Realtors' Academy office, has been awarded the certified real estate brokerage manager designation of the Realtors National Marketing Institute. Two Albuquerque residents have been named members of of Omaha Companies' Chairman's Council for 1982. They are Joan Gentile and Frank Larkins, both of whom are associated with the John Hoppe Agency. John J. Cummings of Albuquerque has been named an outstanding general manager and a member of iN'ew York Life Insurance Leaders Forum.

This is the fourth year in a row that Cummings has been so honored. Lynn Nethery, president of Albuquerque Consumer Credit Association, has been recognized as a certified consumer credit executive by the Society of Certified Consumer Credit Executives. "Elements of Supervision," a three-day management training program to help supervisors sharpen their skills, will be held April 19 through 21 at The Inn in Farmington. Rocky Mountain Industrial Relations Counselors Inc. of Denver is sponsoring the sessions.

At the American Stock Exchange, the market value index dropped 1.23 to 260.12. The NASDAQ composite index for the over-the-counter market closed at 175.65, up .23. Analysts said many market participants apparently were reluctant to make commitments before Presdient Reagan's news conference scheduled for Wednesday night. They also noted continuing confusion and uncertainty over the outlook for the economy and interest rates. Rates in the bond and short-term money markets, after rising Monday and Tuesday, turned downward in Wednesday's activity.

At their late-afternoon levels, rates on short-term Treasury bills were down .20 to .25 of a percentage point from a day earlier. Prices of long-term government bonds, which move inversely with interest rates, showed gains of as much as $15 for every in face value. With stock prices having turned in mixed showings in each of the past Dealer in Mini-Circuits Made Locally GTE Lcnkurt has begun producing miniature repeater circuits at its Albuquerque plant. Employee Rosalie Sanchez, left, holds a mini -repeater, which is among several new digital telecommunications products being introduced at the facility this year. The circuits allow 24 telephrne conversations to be ns-mitted simultaneously through two pairs of wires.

A major manufacturer of transmission equipment for the telephone industry, GTE Lenkurt is one of New Mexico's major industrial employers. His election followed a vote by Bankshare stockholders at their annual meeting to enlarge the board from 16 to 17 members. All 16 incumbents were re-elected. Larry Alderman has been named assistant vice president and manager of First Interstate Bank of Albuquerque's North Valley office. Alderman joined the bank in March as acting branch manager of the North Valley facility.

He worked previously for First National Bank in Albuquerque. Carol T. Seifert has been appointed media director for the Watson Wingo Group, an advertising and public relations agency with offices in Albuquerque and Santa Fe. J'-l vurt: Br i "V.I.SrSlW IW Chary 6 V-w 5' Pfirer-i fc.u.' 49 60 6." 49 Tl" 50 8u if 50 30 'or'6 49 '5 50 80 Jun P'i (14 irw 1 3'9 POflK BtUJtS 3t.DOC Ita canti per lb Ur '5 JC '6 '4 4J May jm 140 a1' '3 P-v P-v ii Civ BltW 30.000 Ibe Apr per 43 '5 if 4' -6 44 4'. 4i 49 '6 4', '6 4i '6 4s '0 4- 4.

txw' '5 49 Al-v-l K.OOC ibe cer'J pe ti rn 1X1000 1 1 per Md, '1, 4f '4' 000 be 4' 4 Jul 16, 'jC '6' 'V '66 6, Wrf' 1 IM, r. es ev 4 US BiuS miiicv pre oi '00 pel jr 46 -r v' -v- it- r. 5c ,6 it I' Tf. -v 6 i 6f 62 Ma' 44 86 65 tr 4.3 6.1 5 8 6 56 8 'wi-t. 7i: -w; 'PI V- '6 P' CFT OlPOSrr mUliofl ptt 0' 10C pel M'' 'f MS' 4 4 'i ic 8r 8 4 rv P'P 'mIMS 6 P-f la, '-I 24 1 64 Livestock CLOv 'S Can 2 ea'1, 5a r'5 ispde' sine's or Slajqrilt" cows ODsnim; sleady SMjqMnr Du'is id s.ajghie' a 6 f.v aid comr-WJii 2 4 38 W-2 00 Coler 34 x-jfi SO iuiu 5'a'e 1- 2.

47 Of-U 70 rirTrjs d7; jif7s, 1 OC hnjhe' 1-2 m-2'JS '6 sr6 siwrty 13 30tjJj id 39 OMAHA Set i APi-(USDA) Omana Ijiesiotn Wrie! qotalions nogs 2 6CC, babies and 31H6 'afiy ac-e. DO-nosBy I 12s. 210-250 lb Si OO-M SO it). SO SO-51 00 tew 51 SO US '-35 49 50-50 50 it 51 00 scs 25-mosity 50 lugher 30O-65C lb. 46 00-48 OC Camf aid wNes 1 000 siee and herfers 50 hKjher in loroed Cade 0" small receipts.

cos steady-50 hKjner. insiarces 1 00 nqher, Stee. choice 1.050-1.225 ID 66 50-6 7 75, load 1 200 lb eetti end pf'me carryiig mud 68 00. mixfid 9r! and cfoic lb, 65 00- 50 9ood 63 00-66 00. nerle'S lew ia.es cTxx 875-1 000 lb 64 00-65 50.

T.ued good and cnoice 800-1 000 ft. unevenry 60 00-64 00 good 56 00-62 00. ws higfi :ur.er jtirty and co mefoai 38 50-41 00. lew 41 50-42 00. cutler 35 00-39 00.

cannef and low culler 30 00 36 00 Snoeo SO noi enough any class es-taWish pnee trend KANSAS CITY. Mo (AP, GuOlatior.s lo Wednesday Cante 1 ,400 Trading moderately active Slaughter cows steady Mot enough leeder Seers or leeder nerlers to test market trends Slaughter cows, cutler and uiiirty 38 00-42 50 lew high-dressing individuals 43 00-43 50 Hogs 1.000 Trading actve Bamows and gilts mostly 25 higher, 1-2 200-250 lb, 50 50-51 00, 1-3, lew scattered lots 250-270 lb. 49 50-50 50 Sows mostly steady 1-3 300-500 lb 44 00-44 50, over 500 lb 48 50-48 75 Shoep 100 Spnng slaughter lambs Steady Spnng slaughter lanbs, choice and pome 96 ft, 60 50 Ai Am Mor- 982 111 at ao 1" l.m 4Ai! StW, 4: 64 hnii 4' 'nofli w. 'AS Nsttl 6 I-1 SAk a I)ow A S'05 I' Cornpued SEW meta' cents a pound Aeen cents a Ounce quote) Harman troy ounce Wednesday NASDAQ Cuds and eacf include misiion A'aparePei Artec Aflecfi Ban Sec Cioota Coot COO'S EiPasoEiec Enerdyne Energy Enercy First Fool Hills ufu.ii i TH's 4 r- 4 'Jytr Stock Averages 6y Tw Preee Cloeing hock tve-nqee 30 IS 15 60 Im! Hill UIH SlocM sry, )B '1ip tip Sp cni Sjtjar U-'iHi ti.r-p AtJ Open High Low Settle COFrtf 37 600 Ibe cent per lb May .6 110 if I. 66 'Ti "6 '24 10 '6 '22 5-3 22 26 1 1 5 63, 2r- 9 13 60 1'87, i 6aOP 4 0 8 4- 3 4- 4.18 4-.

4' 3 6'8-i 46. 5.5' 6 4c' 4 '2 3 i 4 4. 29 4.43 6 7 3 '26 2 4'5 3 '35 3 44 5 4" 3 Wi 12' 2 3V5 fl4 5S-9 48 2 0 48 3 1 364 2 119' 34 2 Ua. i'8 25 P. 3 J'l P'e.

day i xv 3 av Cng rfiX1 38 "4 '6 j'C 45' 10 10 Fgn 16 i 03 4 5 '3 8 '4 0 7' 3 74 8 '3 2 "7 7 7.3 3 249 6 5 2 89 9 '6 5 i 3 8 85 3 8 3 3j 3 '6 4 JC 3 72 3 88 1 8. 6 9' 2 710 88 3 previous Jay Bond Averages Spot Metals YCK ipi Soul pnees Wednesday Copper 77 pound destinations Lead 28-32cenisa pound Zc 3 7-40 certs a deuveied 5625 Me'ais composite pound Aijminum "'6-7'' pound Goi $.320 0C per troy Handy 4 loniy da'iy S.er 60 troy ounce Handy lonly daily quotei S'Ner $7 145 NY Come spot month closed Me-cury $395 00 per tan 00troyc2.NY Kvans, Neal Associates of Albuquerque has been named the first authorized dealer in the Western United States for Texas Instruments computer systems. Jay Kvans sai his firm will combine its programming abilities with Texas Instruments computer hardware to develop total systems in New Mexico, Arizona, California and other states. Texas Instruments recently announced a layoff of 2,700 workers in its semiconductor operations, citing previous marketing blunders as one cause. Establishing a series of authorized dealers such as Kvans, Neal Associates is part of an effort to overcome those blunders through a major marketing changeover, according to company officials.

First Interstate Bancorp of Los Angeles, whose affiliates include First Interstate Bank of Albuquerque, has announced plans to issue First Interstate Bank franchises. Under the program, the first in the history' of American banking, franchisee banks would be permitted use of the name while retaining local management and ownership. The franchising concept, while new to the banking industry', has long been prevalent in the retail sector. Franchise operations accounted for 32 percent of all retail sales in this country' last year. The UNM School of Medicine has formally dedicated its new Biomedical Research Building on the north campus.

The structure was designed by W.C. Kruger and Associates, Architects-Planners of Albuquerque. 20 10 10 Rim ind mil AW Ap AQO vea' 4io 'J82 rtqr. 1482 Lit '98' Mign 54 4 53 4 546 6-8 52 0 66 53 5 '0 1181 Lo 49 2 CRB innfli 250 1 aon 2s8 4 0 8 65.3 Stocks Over the Counter Liberty National Bank is planning a new, expanded building in Hobbs, board Chairman L.W. Evans and President Mike Fisher have announced.

Initial studies propose a multistory bank and office facility containing spacious community room, automatic tellers and new drive-in accommodations. The new building will be designed by Charles Gwathmey, a partner in the New York architectural firm of Gwathmey Siegel and Associates. Frank A. Potenziani of Albuquerque was elected to the board of directors of First New Mexico Bankshare Corp. Potenziani, an attorney, is also a director of States Financial Corp.

quotatons niqnest inte.CoT 28 29 owes! otte'S ''or n-amet international Royafry secunty as 2 Pnoes So and 0'' retail manirjomn or cot- je'CiiaP Con 16 Mciumei! Energy 9' 5 Bid A Mt States.F'nancni 5- 6 3:. Ne We ico Finance Corp 7 8 Energy 7 '6 NordRes 3 i 9'; Internal) i 2 Nuciear 1 8 Inc 12 '2 SuCiear Power and Ewgy 9 32 international 164 '6-i Qi City Pet 1'- Enetjy 3 4 Property Ksi n' Resouroes 3 4 Resasrve 4 Corp 11 SA Ei 1' 1 1 16 11 H- Suma Medical 113 161 IS 16 -t teiasEa-e 11) Optcs 2t TeiOii 06 09 Resee jcp 5-r Teion E'ergv Cot, 8- Barnsrae '6 16', 0 Or and Gas 1 16 9 16 G'OuP 16t Mmera's 16 7 ifc and Gas 02 10 Aeslem Pet Conp 32.