Clarion-Ledger from Jackson, Mississippi • Page 25

Thursday, October 9, 1997 The Clarion-Ledger PORTFOLIO 3 STOCKS SECTION FRONT 10 Greenspan's inflation comments give market jitters Yahoo! expanding beyond Internet directory service 'IK V-jw r. YAKS MARKETS New York Stock Exchange 1006 advances. 1939 declines Most Active: Gateway 2000 34 (4 3 16) Sales: 585,140,000 Index: 514.21 (4.51) NYSE consolidated volume: 703,313,500 American Stock Exchange 262 Advances. 338 declines Most Active: SPOR 97 12-11 16) Sales: 42,205,000 Index: 7 18.30 -3 60) NASDAQ OTC 2 100 advances, 2 165 declines Most active: Intel Cp 94 91 16-11 16) Nasdaq Sales: 786,405,600 Nasdaq Composite: 1741.77 (4.50) NMS Composite: 788.20 (2.22) Other Indexes 500 Index: 973.84 Industrials: 1 137.28 Wilshire Equity Index: $9,422,424 billion, billion) Dow Jones Averages Stocks Open High Low Close 30lnd 8183.718208.52 8019.92 8095.06 20Trn 3283.553305.223240.72 3268.43 M2.77) 15 Utl 245. 16 245 62 238 97 240.81 (- 4 71) 65Stk 2617.30 2627.59 2568.70 2591.48(-24 85) Indus 59,727,600 Tran 6.585,200 UtilS 6,059,500 -65Stk-r.

72,372,300 Stock trader Vincent Quigley (center) works the New York Stock Ex-change floor Wednesday as stocks fell following Fed Chairman Alan Greenspan's warning about inflationary pressures and market exuberance. Story, 10C I I Richard Drew Tne Associated Press a Web site providing personalized news, weather and sports. Also included are Yahooi's News Ticker, which sends customized news, sports and stock quotes auto- matically to computer desktops, Yahoo! Weather, and the company's search function. The services, along with the new Internet Explorer 4.0, will be in-. eluded on Compaq's new Presario consumer PCs.

The updated brows-1-, er including the Yahoo! features al-ready may be downloaded from J- Compaq's Web site. Gateway said its PCs with the Yahoo! services will be available in the current quarter. "We chose Yahoo! for our cus- tomers because it's widely recog-nized and respected by Internet us-1 ers," said Jim Collas, senior vice president of global products for J- Gateway 2000. "Yahoo! is easy to jlj use, especially for new users of the 'Net." Yahoo! already offers users online chat and bulletin board features but has been looking for a way to pro- vide users with e-mail. It decided to acquire Fourl 1 and its RocketMail e-mail service, which has sound technology and 750,000 registered users, Mallett said.

The company already has been offering Fourll's phone and e-mail directories. jl Yahoo! will issue 1.65 million shares of common stock for all of J' Fourll's outstanding shares. Ya- hoo! expects to take a one-time t-j' charge of $4 million in the fourth quarter in connection with the ac- quisition. The company on Wednesday re-ported a third-quarter profit of nearly $1.64 million, or 3 cents a share, compared with a loss of $1.15 million, or 3 cents a share a year ago. Revenue rose threefold to $17.32 million from $5.52 million.

1 The Associated Press SANTA CLARA, Calif. Ya-hoo! continuing to expand beyond its popular Internet directory, on Wednesday announced deals to put some of its other services directly on millions of personal computers. Compaq Computer Corp. and Gateway 2000 Inc. are giving users access to Yahoo! news and weather as well as its directory through a customized version of Microsoft new Internet Explorer Web browser.

Yahoo! said Tuesday that it will acquire privately held Fourl 1 an online communications and directory company, and will use its RocketMail technology for a free, Web-based electronic mail service starting Wednesday. Founded by two Stanford Univer-sity graduate students in April 1994, Yahoo! is best known for its Internet directory, which is the most popular means for finding information online. But the company has been working to become a broader consumer brand of information. "Fundamentally, we based the company on the directory platform, but we've been layering in (other features) over the past two years," said Jeff Mallett, senior vice president of business operations. The company, based in Santa Clara, also offers specialized news, financial and sports programming, a Web guide for youngsters, online and paper magazines, and versions of its directory for different cities, countries and areas of interest.

Some of those features will appear on PC desktops in the deals with Compaq, the world's largest maker of personal computers, and Gateway, a major mail-order PC company. They include My Judge orders rail workers to end brief strike harassment, Simpson refused com volved in the walkout. He said the union ordered the picketing stopped after receiving word about the restraining order issued in Louisiana. Thompson said he thinks the action resulted in a complete temporary shutdown of the railroad's operations. He said, however, that the union told members operating trains already en route when the strike began to continue to their destination.

Thompson said the union filed a suit in U.S. District Court in Kansas City, seeking an injunction to stop the railroad from interfering with the union's role in representing the employees. He said union attor-neys were seeking a hearing Wednesday. When contacted late Tuesday for response to the union's charges of pact," she said. "But I can't provide details because I don't have them yet." A small number of employees at the company's office on Industrial Drive in Ridgeland began protesting outside their office at 2:30 p.m.

Tuesday, said a person who answered the telephone at the the office, but refused to be identified. All employees were reportedly back at work by 11 p.m. Simpson said she did not know what locations were involved, what prompted the picket or how many strikers participated. When asked again about the number of participants, she said, "It wasn't a significant number." Paul Thompson, a union vice president in Kansas City, estimated that about 800 members were in ment. "Kansas City Southern Railway did not receive advance warning of any impending action by workers represented by United Transportation Union," according to a Kansas City Southern news release.

"They didn't follow the normal means for filing a grievance," Simpson added. The railroad's operating hub is in Shreveport. It operates in 10 Central and Southeastern states. Of the railway's 2,700 employees, company officials estimate fewer than 1,000 are members of the union. Little said the strike was authorized because of a "practice of verbal threats and intimidation of mostly African-American UTU officers and employees," according to a union news release.

From Staff and Wire Reports SHREVEPORT Some work-ers at Kansas City Southern Railway walked off their jobs Tuesday to protest "a serious pattern of harassment and intimidation." Hours later, however, a federal Jiidge here blocked the job action, saying the walkout would damage the nation's transportation system. At the request of Kansas City Southern, District Judge Tom Stagg late Tuesday issued a temporary restraining order against the union and set an Oct. 14 hearing on the matter. "The move effectively ended the strike," said Kathy Simpson, Kansas City Southern's spokeswoman. A number of trains were already en route when the strike began, so "it did not have an immediate im- Chrysler told to pay in minivan suit Sendak's creatures to roam phone ads C0H0DITES 14 687'i 2 3 684 469 -1 CHICAGO MERCANTILE 3 663Vj Jul 487V! 690V2 680V, Aug 484 487 478 Sep Nov 444 464 458 Jul Nov sales 680 645 96,607 Palladium NY Merc spot per Iroy oz.

204.75 198.75 118.50 Pig Iron, f.o.b. (dry Buffalo gross ton 167.00 167.00 167.00 Platinum, troy oz. N.Y. (contract) 430.00-433.00 430.00-433.00 3824-384 Platinum NY Merc spot per Iroy oz. 435.00 427.40 389.30 Mercury, 76 lb flask N.Y.

190.00 190.00 265 Scrap Steel, gross Ion, composite. 127.17 127.17 130.17 Tin, Metals Week composite lb. 3.8718 3.8673 4.0360 Zinc, lb. 5177 open inl 180,234, UP 2,231 SOYBEAN OIL 40,000 lbs; cents per lb Oct 23.83 24.02 23.74 23.83 Dec 24.14 24.42 24 04 24.15 Jen 24.38 24.55 24 26 24.38 Mar 24.59 24.73 24.40 24.59 .19 May 24.73 24.80 24.58 24.72 .02 Jul 24.88 24.90 24.65 24.87 .07 Aug 24.80 24.80 24.60 24.80 wmmmmm Sep 24.75 24.75 24.70 24.75 rnTTnu Dec 24.84 24.95 24.85 24.80 VU I UN OpenHivKLowSettleChs. CATTLE 40,000 cents par lb.

Ocl 66.40 46.60 64.27 64.57 4.25 Dec 66 .30 64.40 46.22 66.47 25 Feb 69 05 69.27 68.92 69.22 .17 Apr 72.17 72.45 72.10 72.30 .15 Jun 69.12 49.45 49.12 49.25 .17 Aug 69.00 69.00 68.82 68.85 .10 Ocl 71.70 71.90 71.60 71.55 .12 Est. sales 11,592. sales 24,434 open int 95,850, up 1,524 FEEDER CATTLE 50,000 cents per lb. Oct 74.25 76.70 76.20 74.27 Nov 74.50 77.12 76.40 76.60 Jan 77.70 78.10 77.55 77.70 Mar 77 75 77.90 77.35 77.52 Apr 78 25 78.25 77.80 77.92 May 78 60 78 SO 78.50 78.75 Aug 80.00 80.15 79.90 80.15 .22 Sep 79.80 Est. sales 2,861.

sales 5,774 open int 17,809 was one of several ideas tested that were aimed at separating Bell Atlantic from the pack. "This one kept winning," she said. "People who saw it told us this is the company they want to do business with." The TV commercials will feature a variety of children rather than just one as in the Sendak book, Keeler said. James Earl Jones, the deep-voiced actor who has been appearing in ads for various Bell Atlantic services for about seven years, will continue as the unseen narrator of the new campaign. Ads hinting about the new campaign started on Monday and the full campaign is expected to debut on television and in newspapers on Oct 27.

Advertising on billboards and bus shelters are starting to appear. The campaign will be limited to media in the Bell Atlantic region. The company declined to say how much it is spending on the campaign or how much Sendak is being paid for use and development of characters. won his trust by making him king of all creatures. In the Bell Atlantic ads, the creatures will serve as stand-ins for the phone company as facilitators helping customers reach their goals.

"Wild things are happening we'll see you there" is the ad theme. Raymond Smith, chairman and chief executive of Bell Atlantic, said in introducing the campaign that new telecommunications services "are sprouting like vines, creating a tangle of choices that can leave the customer wondering which way to turn." He said the advertising shows Bell Atlantic "can lead you through the jungle" by offering an unmatched level of customer care. Janet Keeler, a marketing communications executive at Bell Atlantic, said the campaign was created by The Lord Group, an agency within the Young Rubicam advertising group. She said the animation approach OpenHighLowSettleChg. COTTON 2 50,000 cents per lb.

Oct 68.95 69.00 68.75 68.75 Oec 71.25 71.57 71.21 71 38 .19 Mar 72.75 72.95 72 68 72.80 .20 May 73.50 73.75 73.50 73.63 .18 Jul 74.30 74.55 74.30 74.40 .17 Ocl 75.10 75.65 75.30 75.30 .23 Dec 75.30 75.80 75.30 75.45 .37 Mar 76.10 76.40 76.10 76.40 .35 May 76.60 77.25 77.10 77.25 .15 Jul 77.00 77.75 77.00 77.75 .45 sales 10,242 HOGS, LEAN 40,000 cents per Ocl 48 40 48.75 48.05 48.15 sales 30,974 open Int 103,420, up 395 SOYBEAN MEAL 100 tons; dollars per ton Oct 218.30 219.40 213.50 217.90 2.50 Oec 214.50 215.50 209 20 214.20 3.20 Jan 213.50 214.00 208.00 213.30 3.30 Mar 210.50 211.00 206.50 210.40 3.90 May 209.80 210.00 204.50 209.60 4.10 Jul 211.00 212.00 208.00 210.90 2.70 Aug 211.50 212.50 210.00 211.50 2.50 Sep 212.50 214.50 210.50 212.20 3.00 Dec 211 00 211.00 208.50 211.00 3 00 sales 33,114 open Inl 114,552 US TREASURY BONDS (8 32ndS Ot 100 pet) Dec 115-30 117-24 115-22 115-29 49 Mar 115-19 117-14 115-13 115-19 50 Jun 115-07 50 Sep 114-29 -50 Dec 114-19 114-20 114-19 114-19 -SO Mar 114-10 50 Jun 114-01 -50 Est. sales 758,000. sales 362,577 lb. -1 Inl 90,200 Dec 42.45 42.90 61.97 62.05 Feb 62.10 62.32 61.45 61.55 Apr 59.10 59.30 58.75 58.80 open ROUGH RICE Jun 64.80 65.00 64.65 64.67 Jul 63.90 63.90 63.35 43.40 Aug 42.75 42.75 62.57 62.57 The Associated Press NEW YORK Bell Atlantic is using Maurice Sendak's animated wild creatures for a new advertising campaign designed to show phone customers that it can guide them safely through the telecommunications jungle. The advertising is the first aimed at building an image for Bell Atlantic since it acquired rival regional phone company Nynex Corp.

for $25.6 billion in August. The deal, which ranks as the biggest U.S. takeover, created a company providing local phone and other telecommunications services in 13 states stretching from Maine to Virginia and the District of Columbia. The ads will use new drawings by Sendak of characters that were featured in his award-winning 1963 children's book Where the Wild Things Are. The book told of a boy who visited a world inhabited by giant creatures that at first surprised him but later Ford Motor to spin off finance company shares The Associated Press DETROIT Ford Motor Co.

said Wednesday it will spin off its 80 percent interest in Associates First Capital Corp. by distributing its 279 million shares of stock in the company to Ford shareholders. Ford Chairman Alex Trotman said the move is part of Ford's effort to focus on the automotive business. The Associates is one of the biggest players in the market for home mortgages and home-equity loans, and is among the largest publicly held finance companies in the nation. Ford purchased the Associates in 1989 for $3.35 billion.

It sold a 19 percent interest in the company at a public offering in May 1996. CHICAGO (AP) Rough rice futures on ihe Chicago Board of Trade Wed; OpenHighLowSettleChg. ROUGH RICE 2,000 CWT; dollars per CWT Nov 10.640 10.790 10.640 10.750 70 Jan 10.810 11.010 10.810 10.940 110 Mar 11.030 11.110 11.030 11.110 140 May 11.030 11.210 11.030 11.210 130 Jul 1 1.280 130 Sep 9.950 Esl. soles 500. sales 948 open int 7,224 Oct 59.10 59.10 58.90 59.05 Est.

sales 6,945. sales 7,842 open Int 36,690, up 592 OpenHighLowSettleChg. LUMBER 10,000 bd. per 1,000 bd. ft.

Nov 316.00 316.00 312.30 314.70 Jan 319.90 321.30 317.50 317.50 2.80 Mar 327.50 328.50 326.00 326.10 .10 May 332.00 333.00 327.70 332.00 6.00 Jul 312.10 1.00 Sep 322.20 Nov 322.70 Esl. sales 1,094. sales 1,426 open Int 4,270 LIBOR-1 MONTH open int 751,189, up 8,203 MUNICIPAL BONDS SIOOOx Index-pis 1 32nds Dec 120-18 122-04 120-13 120-17 44 Mar 119-06 -44 Last spot 121-5 Est. sales 3,500. sales 2,155 open Inl 21,676 METAL FUTURES I- CASH GRAIN S3 million; pts of 100 pet ,1 The Associated Press CHARLESTON, S.C.

A jury Wednesday ordered Chrysler Corp. to pay $262.5 million to the parents of a 6-year-old boy who was killed when he was thrown from the family minivan in an accident because a rear latch was defective. The $12.5 million in actual damages and $250 million in punitive damages awarded to the parents of Sergio Jimenez II was the largest award against the automaker, a company spokesman said. "I can't even talk," said the boy's father, Sergio Jimenez, a mason with three other children. "I didn't expect anything this big.

I never thought it would be like this." Chrysler spokesman Mike Aber-lich said the company would appeal. "We believe that the outrageously large punitive damage award shows that the jury was unduly influenced by the highly emotional nature of the circumstances of the accident," said Aberlich. The wrongful death lawsuit stemmed from an April 1994 accident in North Charleston. Sergio was riding in the back seat of his family's 1985 Dodge Caravan when it was hit in the rear on the driver's side by another vehicle going about 5 mph, the lawsuit said. The impact caused the van to spin, roll over and land on its Wheels, and Sergio was thrown out when the latch on the rear liftgate failed, the lawsuit said.

He died of a fractured skull. The jury said Chrysler was negligent in designing and making the latch on the rear lift gate. "Chrysler knew about the defect and covered up the defect while at the same time advertising its mini-vans to American families as safe," said the family's lawyer, David Dwares. jurors, however, also ruled that the driver was fully to blame for the accident. Aberlich said the driver ran a red light, and that the force of the collision threw the boy, who was not wearing a seat belt, out of the side window, not through the lift gate opening.

The family denies that the van ran a red light, and the trial judge refused to allow evidence about the traffic signal, Dwares said. Oct 94.37 94.38 94.36 94.36 Nov 94.36 94 37 94.33 94.34 Dec 94.25 94.25 94.17 94.18 Jan 94.33 94.33 94.28 94.28 Feb 94.33 94.33 94.26 94.24 Mar 94.22 Apr 94.19 May 94.14 Jun 94.15 Jul 94.12 Aug 94.09 Sep 94.09 94.09 94.08 94.08 .06 SPRINGFIELD, I. (API Truck and ral bids lor grain delivered 10 Chicago. Quotations from Ihe USDA represent bids from terminal elevators, processors, mills and merchandisers after 130 pm Central lime. Tue.

Mon. No. 2 Soil wheat 3.594 3.49V, No. 1 Yellow soybeans 4.42 6 No. 2 Yellow Corn 2.744e 2.424 BUTTEREGGS Butter: Prices were unchanged Wednesday.

Grade A 170.00-121.00, Grade AA 12700-128 00. Earn: trade senlrnenl steady Wednesday. Sales delivered lo volume buyers were unchanged. Grede A extra large 65-70; large 64-69; mediums 45-50 Smith Barney is holding a special information seminar on how The Taxpayer Relief Act of 1997 might impact your personal finances. Topic's include: How a reduction in the capital gains tax rate might affect your portfolio.

What are the lax advantages for retirement saving. The impact of the new law on your children's college education funding. Taking a fresh look at your estate plan How the new law might impact the market as a whole. OpenHighLowSettleChg. GOLD 100 troy dollars per troy oi.

Ocl 332.00 332.90 332.00 332.90 1.90 Nov 333.80 2.00 Dec 334 60 336.00 332 60 335 .30 2.00 Feb 334.50 337 40 334.50 336 50 2.00 Apr 337 20 339.00 337.20 338 10 2 00 Jun 339.70 340.30 339.00 339 90 2.00 Aug 341.70 2.00 Ocl 343.60 2.00 Dec 344.80 345.80 344.50 345.60 2.00 Feb 347.50 2.00 Apr 349.40 2 00 Jun 351.40 2.10 Aug 353.40 2.10 Dec 358.00 358.00 357.40 357 40 2.10 Jun 363.40 2.10 Dec 369.60 2.20 sales 19,182 Tue 's open Inl 182,549, up 199 SILVER 5,000 troy cents per troy ot. Ocl 517.50 519.00 517.50 519.00 2.80 Nov 521.20 2.80 Dec 518.50 532.00 518.50 523.00 2.80 jan 524.40 2.80 Mar 529 00 538 00 527 00 529 10 2 60 May 537.00 537.00 532.10 532.10 2.40 Jul 535.20 2.20 Sep 538.40 2,00 Dec 548.00 552.00 540.00 543.00 1.50 Jan 544.10 1.40 Mar 547.80 1.30 May 550.70 1.20 Jul 553.70 1.10 Dec 563.00 563.00 561.30 561.30 .80 Jul 573.60 .10 Dec 583.00 sales 8,744 open inl 104,480, up 646 Est. sales 12,384. sales 1,806 open Int 71,456, up 138 CHICAGO BOARD OF TRADE OoenHlohlowSettHChg. WHEAT 5,000 bu minimum; cents per bushel Dec U3'l 368 361 Vt -3 Mar 376 380 374Vi 375'A -3' May 384 388 382 383'A -2 Jul 386 390 3844 386V -24 Sep 389 390 389 389 -2 Dec 400 403 397 400 -2 Jul 377 377 377 377 2 sales 32,444 open Inl 11 1,204, up 248 CORN 5,000 bu minimum; cents per bushel ji 4 1 Dec 283V.

285 377V. 2824 3 mri m'i iivfi 3 Mar 2914 May 297'A Jul 3004 Sep 291 Dec 289 Jul 300 Dec 285 299 29IVi 297 V. 3 302 295 300 292 2864 291 1V. 290 284 288Vi 300 295 300 24 284V1 282'i 28S'i 114 sales 120,854 CURRENCIES Fgn. currency Dollar In in dollars Ign.

currency Wed. Tue. Wed. Tue. Australia .7245 .7236 1.3765 1.3820 Auslria .0809 .0810 12 345 12.350 C-Belgium .0274 .0277 34.27 34.09 Brazil .9114 .9114 1.0972 1.0970 Britain 1.4223 1.6176 .6164 .6182 Canada .7286 .7283 1.372S 1.3730 China .1203 .1203 8.3145 8.3145 Denmark .1495.1501 6.6887 6.6605 ECU 1.1 1510 1.11450 .8968 8973 Finland .1903 .1902 5.2535 5.2584 France .1702 .1694 5.8749 5.9025 Germany .5719 .5691 1.7485 1.7571 Greece .003630 .003611 275.49 276.94 Hong Kong .1293 .1293 7.7358 7 7352 Hungary .0051 .0051 194 81 194.57 Indnsla .000275 .000271 3640.50 3692 50 y-lran .000333 .000333 3000.00 3000.00 Ireland 1.4580 1.4595 .6859 .6852 Israel .2847 .2863 3.4885 3 4931 Italy .000583 .000580 1714.00 1725 50 Japan .008261 .008159 121 OS 122.56 (-Mexico .129016 .129382 7.7510 7.7350 Nelhrlnd .5052 ,5074 1.9794 1.9702 Norwey .1414 .1423 7.0717 7.0274 Polend .2933 .2974 3.41 3 42 a-Russia .000170 .000170 5849 00 5868.00 Saudi Arab .2667 .7667 3.7500 3 7500 Singapore .6425 .6410 1.5565 1.5600 So.

Africa .2143 .2145 4.6670 4.6620 Spain .006767 .006754 147.78 148 OS Sweden .1325 .1329 7.5477 7.5270 Swilzerlnd .6930 .6908 1.4430 1.4475 Taiwan .0351 .0351 28.49 28.45 A Free Tax Law Seminar DATE: October 14, 1997 TIME: 6:30 I'M PLACE: River Hills Club 3600 Ridge wood Rd. Jackson, MS SPEAKER: Paul Stockwell, CPA RSVP: (601) 960-5922 Hilary Zimmerman or Stove Wyatt Vice Presidents Investments Sealing is limited, so reserve your aentis) now! Tue open Inl 344,234, up 6,648 OATS S.000 bu minimum; cents per bushel Dec 163 1404 162 4 1V. Mar 1674 168 '4 144 1474 2'A FARM yLaSLK Farmweek celebrates its 20th anniversary KjlfM' on Mississippi ETV with a special show of interviews and stories. VU More than 1 ,000 episodes have aired Em since Farmweek was first broadcast on vi? October 3, 1977. May 168 Jul 149V4 Sep 141Vi 147 148 IV 149V4 148 149V4 2'i 16l'i 160 161V1 Vi sales 2,909 SPOT METALS Prey.

Year Today Day Ago Aluminum, cents per lb, LME 73.5 74.3 58.4 Antimony, American per lb 1 1.05-1.10 1.60-1.80 Copper, Cathode full Plate 98 00 98.00 97.00 Gold, troy oz. Handy Herman 332 40 331.95 381.35 Silver, troy oz. Handy s. Herman 5.270 5.185 4.940 Lead, lb. open inl 10,153, up 245 Smith Barney SOYBEANS 5,000 bu minimum; cents per bushel Nov 648 470 6574 667V.

3'. Jan 67lrt 472V4 440'i 6704 4 Mar 677V4 680 667V. 677 3'i May 485 675 683'. 34 .48 .48 .50 "miimiiiiMiMJi.