Star Tribune from Minneapolis, Minnesota • Page 11

Sylvia Porter When do you pay the tax owed, if any? When you sell your house and do not buy another. (The real tax-saving strategy would be to seek ways to use the $100,000 exclusion to erase the tax.) These two breaks are not mutually exclusive. A person who has sold a home and who qualifies for both breaks can use both. Minneapolis Tribune 1 1 A June 26, 1979 U.S. car sales for mid-June off sharply from year ago Associated Press Detroit, Mich.

The new-car market plunged 26.2 percent In mid-lune from record year-ago figures, the nation's automakers reported Monday. The report also said Americans are showing a preference for smaller, fuel-efficient cars. For the June 11-20 period, the five U.S. automakers delivered an estimated 257,668 cars, down from the record 310,320 a year ago. The daily rate, the industry yardstick for determining sales, was 28.629 for the nine selling days, compared with 38,790 in eight days last year.

Four of the companies reported steep declines. General Motors Corp (GM) was at 155.928, off 24.1 percent based on the daily rate; Ford Motor Co. slipped 31.5 percent to 64.092, Chrysler was off 34 percent to 27.971; and American Motors Corp. (AMC), which only reports sales monthly, was estimated at a 40.8 percent drop. Volkswagen, which is in the first full year of U.S.

production at its New Stanton, plant, said it delivered 5,177 domestic Rabbit models. During June 1978's record performance, the industry was recovering sales lost during severe winter weather. GM said its figures indicated that while large cars accounted for 36 percent of its sales a year ago, the percentage had dropped to 29 percent most recently. Small cars, meanwhile, went from 26 percent a year ago to 34 percent. Medium-size cars were constant, representing 37 percent of sales.

For the calendar year to date, industry sales are 4,183,878, a drop of 7.2 percent from 1978. CM has declined 3.8 percent, Ford is off 14 6 percent ard Chrysler has dropped 16.5 percent. AMC is estimated to be off 22.9 percent. Pipeline Continued from page 1A The pipeline would enter Minnesota near Le Roy and follow Chicago North Western Railroad tracks to near Hayfield, Minn. The disputed area starts there.

Alexander approved a route that generally heads northwest from there to a point east of Faribault before heading north to Pine Bend, In Dakota County, where the Koch refinery is located. The special panel had recommended that the route continue to follow railroad tracks from Hayfield to Kenyon, a less direct route that the panel based solely upon agricultural considerations. (The route approved by Alexander crosses 352 drainage tile systems while the railroad route would have crossed 87.) Alexander said that a recent decision by the Minnesota Supreme Court limits his authority to review pipelines only to their effect upon the environment, and that he cannot "require changes in the proposal based upon some other considerations, no matter how meritorious." He said the special panel he had appointed earlier made Its recommendation before the Supreme Court decision. According to Alexander, the limiting court decision was announced June 8. The decision of the advisory panel was dated June 19.

Shortly after Alexander signed the order yesterday, members of Reroute Crude Oil (RCO), a farm-oriented group opposed to the pipeline, sought to block the use of eminent domain (the right to condemn land) In Mower County District Court. Judge Warren Plunkett took the request under advisement and scheduled a full hearing on pipeline-related Issues for Aug. 8. Pipeline opponents also have filed a lawsuit In Illinois seeking to block the project. The 24-Inch pipeline would stretch 476 miles from Wood River, 111., to near the Twin Cities.

In the beginning it would pump 130,000 barrels a day of crude oil moved by barge up the Mississippi River from the Gulf of Mexico. After construction of an additional pumping station in Minnesota, the flow of oil would be Increased eventually to 239,500 barrels per day, nearly the total amount of crude oil the state Is receiving now. Alexander said that he notified Gov. Al Quie yesterday before announcing the decision and that the governor did not try to influence the decision "In any way." Quie at one time op-, posed the pipeline. It would cut across the First District, which Quie Last In a series There are two ways you can avoid paying capital gains tax on the profit from sale of your home this year and in the future: The new 1 00,000 exclusion (we'll call this the exclusion).

The traditional sale-and-replace-ment tax (we'll call this the deferral). Both breaks apply to the sale of a principal residence but that's just about where the similarity ends. There are several vital differences between the breaks. Because the 100,000 exclusion Is new, many of you are confusing the distinctions. Below is a simple rundown of how they differ.

Who qualifies for the breaks: The exclusion Is limited to home sellers who: Are at least 55 on the date of the sale. Have resided In the home for three out of the five years before the sale. Investment NEW YO. () Trie tallowing quotations, ty the National Association 0 Securities Osel-ers, ere tne prices It hlcll thfil securlliei could neve been told asset yel uei or DOvtgnt Ive-lue plut Witt chergel SM Buy AGfcFd HI tn Acorn 2144 NL Atuture I IS NL Aionef 12 71 NL A Birth 10 li American Fundi: ASH til I0 Amco I Of fi A Mutl 10 SI 114 Anom 7U 101 Bond IJW 14 CshMg 100 NL Fd Inv IH 7 44 Or win 124 03 incom 112 117 ICA 7 IS Ptri IS 7 20 Win Ml 117 7 2 Amer General CeorVd 130 07 Cap Gtn 4 73 17 EnlrO 70 7M Hi Yld 1117 12 SI IncFd 123 III IWuni 2JI3 2S02 Tot Ret 7 21 Venlr 1122 2002 Cmslk 141 127 Eat Gm 717 I FdAm 711 137 Meror 41 10 34 Pact llll 20 47 Provid 3 71 4 OS A GrhFd 7 22 7 7t A Meclrg uneven A lnse.lnd 417 i 32 A Invesl 7 Si NL A Invlnc I2J NL ANlGm 11 40) Aml I S3 III A Op'fco initN Ax Hoognton FndB 104 1 74 Incom 41 S01 Slocll 131 17 BLC 01 121 14 0 Bat Inc I NL Babe Inv 10 10 NL Soil Buy Div Catn i oo NL Divlnem 100 NL Delaware OroitR: Oocol 12 52 1361 DoK II 12.77 Dok-n III Ti Fr 2I Delta Sl 141 Cthttl I0M NL DfCao 3 0) 3 31 DodOBlWW NL DodCiSI IIW NL DreiBorlOU NL Orovfut Grp: DrW 12 70 13 Levge 113 30 10 LiOAl 100 NL AAMSor 100 NL NNM 7 52 NL Spline 7 71 NL TaiEil44 NL TnrdC 1111 NL Eogl Glh Si 1045 Eaton Howard Baian 7 53 1 12 Fouri 1 05 NL Grwth 111 1210 Incom Sil 105 Specl I 40 14 SWk II) EDIE So 24 4) NL EotnGd NL EifunTr 14 tO Elfun Ti 5 FalrfW 10 71 II 70 FrmBG II IS 12 I Federated Fund Amldr 714 13 Hi km llil 1413 W( 100 NL rWAA4 100 NL Optn 1101 1) Fr 12 II NL USGvl 0S NL Fidetlry Group: Agres i) NL Bond 100 NL Capil 173 NL CsnRsv 100 NL ConHd 1102 NL Div mc 1 00 NL DtttiY 11 II nKe 101 NL Mao 40 24 NL MunBd 57 NL FkMI IS 44 NL HI Yld 14 40 NL LIMun 2I NL Purim 1011 NL Sown 511 NL ThoH IK NL Trond 25 25 NL Financial P'Ol Dvno 57 NL Indusl 4 42 NL Incom 7 41 NL Ftl Investors BndAHl UN OiKO 71) 151 Grwth 105 IN Incom 112 117 Oom 1.44 7 II Stock 101 1 75 FilMMA II NL FIMIt Ol 3 NL FtlVar 10 00 NL 44 Wall 1117 NL FndGW 4)2 4 72 Founders Group: Grwth S)l SM Incom 13 77 13 MulM 111 HI Soaci 12 24 13 FrenfcHn Group Brown 7 4 01 DNIC lie IM Grwth 1)4 114 Utirt 4SS 501 Incom li 311 US Go. IH Caoil 4 55 41 Enuit 4 15 447 La AIM 100 NL Fundpk 5 73 5)1 Fund Inc Grp: Comln 1.17 NL Impec unaveil Ind Tr 1043 10 II PIWI 1 44 NL GT Pac 12 95 NL GatfOp 154) NL G6 SAS 27 47 GonSoc 100 NL Graoltn 100 NL Grth Ind 3) 47 NL Hamilton FHOA 4 23 411 Grwlh 7)1 71 Incom it) NL Hart GIK 17 7 NL Han Lv 1131 NL Hiotl Yld MokldTr Hot Man INA HIY ISI Group: Grwlll Incom Tril Sn TrPaSn Induttry Intrcao Inl kmt Inv Gukt Im IndK Inv Bot Invat'ort lOSBd IDSCtX IDS Gil lOSndl Mutl Prog TaiEl Siock Sawcl Var Py ln ReWl Itltl Ivy Fd JPGrlh Janui John Boi Grwlh Balan TaiElDW Jonnttn Harnpor Incm Grow Hi Yld Mmr Mun Ootn Sunvn Tactl TolRI Kavllona LiflTr Cut B1 Cut B2 CulB4 Cut.

I Cu. K7 Cut SI CutSJ CulS4 Polar Lannptoii Ldr lGrl4 Lai in LiNtlnt LWCap Loomlt twee Gm 73 Bmc HW 104 Berger Groue 100 Fa ii2 101 Fd 47 Berk Cap 104 NL NL NL NL I SI Bondstk 70 123 Bon Fnd 10 S7 Caplt Mut Lord Abbttt: Bun I Bur Go Ceom let NL Capi'i 7 73 NL Calvin Bul'ocli Bullet 1141 14 44 Candn IM (47 Olvid 20 101 Month 1)31 14 5S NtvVS 144 10)3 NY Vn ISM 1141 CO Fnd II X) 17 2) CG Incm 7 7S 131 CshRsM 100 NL CmP'tl 100 NL CenlCC 100 NL CnlSM 1171 171) Cn HiVd II 71 12 SI Clan Fd IS 23 114 Alflltd BnddO DtvGt Incom Lutnaron Fund Incom MnvMk Mum US Gov 'Mair Grt Inc Mattacnutrtt Frood IndfP Matt Incm Matt MIT Cnase Gr Bos Fund IO Fronl Snare Ssecl Cna Da- 44 7)4 42 MIG MID MCD MFO MFB MAnB MFH MCM 13 Cham Ftf 715 Colonial Fund: SenSee 10 73 Fund S) 10 42 Grm S7I SI Incom IM III Oom 1017 II TaiMgllO? ISM CokjGrh 1173 NL' Cnn AB I CwimCD 142 1S4 Comp Bd uneven Comp Fd unavali Concord IS 7 NL Cons Inv I7 10 35 Control It NL Conl Mul I NL CvYM Se II 74 12 Si Ctry Cap 11.44 12.51 Malharl Mtrrii! Batlc Caplt Eou Bd Hi Inc Muni Rd All Spival MM) AAA Mnvmrl MONYF MSBFd Mul Ban SaH Bur II 20 I1W 100 NL 15.17 li 94 11.51 12.34 594 14 3 4.15 12 13.11 3 25 unavarl 1 00 NL 15 24 1161 10 I NL unavaH 9 4 1043 Group: 545 SiS 500 NL 733 77 512 1)3 9 00 151 441 417 II 75 TON 177 94) 7 47 I 17 i 14 4 71 26 0 24 0 4 96 NL 10 74 11 17 111) NL Hancock: 17 42 1193 140 7.17 141 20 IS 10 32 25 NL Fundi: 10 14 10 7 74 10 10 11 25 12 04 100 NL 10 74 10 77 12 70 I) 14 10 1541 112 144 1014 11.21 Fundi: 100 NL 1441 17 42 llll 20 55 10 114 7)1 107 13 519 112 194 171 9 SI 541 597 340 13 Grp-Co 120 14.11 29 IS 43 9 7) 10 6) ISM 1411 104) 1147 1000 NL Savwv Twin Cities V-XSX Pine Bend DlNorthfield Faribault Route proposed panel represented In Congress. The governor changed his position earlier this year, however, when the project was facing possible death in leva and when It appeared that Minnesota's chances of obtaining crude oil elsewhere were narrowing. He and other opponents of the line had favored, as an alternative to the Koch line, construction of a pipeline from Puget Sound in Washington to Clearbrook, known as the Northern Tier Pipeline. It would bring Alaskan crude oil to the Upper Midwest.

However, that project was placed In doubt by John Millhone, former energy agency director, who rejected It shortly before leaving office. Although that project is being reconsidered In Minnesota, energy officials have expressed feelings thai the Koch project could be completed much sooner. Under a 1979 state law, the pipeline project in southern Minnesota will be buried 4'2 feet underground. Alexander said it will be subjected to the strictest standards any pipeline has ever faced in the state. page A "My allocation, based on last year, was 24,000 gallons for June." Smith said, less than half the amount he was capable of selling.

That was cut to 70 percent just under 17,000 gallons as the shortage worsened. But because of the refmery problems, actual deliveries this month have been just 12,000 gallons. The resulting experience has improved Smith's vocabulary, at least: "I've been called every name in the book" by motorists to whom service has been refused even as he fills the truck of a commercial customer. "I can't really blame them," Smith said philosophically. "They don't understand it, and I can see their point I don't understand it myself." "You go to bed at night knowing that when you wake up you face the same problems all over again," Smith said.

"You just wish you could leave town till it's all over." Phiilips assured him yesterday that its refinery is back In full production and that his difficulties might be cured by the end of this week or the first part of next. They better be, Smith was saying yesterday. "If July is like it was in June, I'll be out of business." (tppkz computer mc APPLE II, 16K Desk Top Reg. $11 95 COMMODORE PET 16 Reg. $995 a 10 OFF ANY BUSINESSMEN: We invite you Small Business System Three aaaa bv OwatonnaX 0 a Route proposed vu by company a Hayfield i 0 mrlea 10 AustinQ ep to in-desk As an illustration, take the case of a Mr.

Cooper, 55, who bought and sold several homes. He used the sale-and-replacement break on each of the sales to postpone the tax on his profits. Now he wants to move into a smaller home, so he sells bis present home for $165,000. He has a potential taxable profit of $1 OO.OOO on the sale (most of It built up from profits on earlier salps over the years). Mr.

Cooper can use the new exclusion to avoid the tax on the first $100,000 of his profit. But what about the remaining It is at this point that the exclusion break and the sale-and-replacement break act in tax-saving tandem. Because he takes advantage of the exclusion, Mr. Cooper treated as having sold his house for $65,000 ($165,000 actual proceeds less the $100,000 exclusion). The main message of this series is this: Develop planning of your tax-saving strategy for this year now.

Don't overlook the traps in support of your parents when they get their Social Security benefit increases next month. If your parents are babysitting for you, start now to take advantage of the new tax credit break. Don't forget: Jan. 1, 1980, will be too late for tax-saving on income. End of series Dayton Hudson sells two shopping centers The Dayton Hudson Corp.

has completed the sale of two wholly owned regional shopping centers, acordlng to Chairman William Andres. The centers, The Meadows in Las Vegas, and Columbia Mall in Grand Forks, N.D., were sold to an Investment subsidiary of Shell Pension Fund of the Hague, The Netherlands. The fund provides pension benefits primarily to Dutch employees of companies In the Royal DutchShell Group. Andres said the sale will result in an after-tax gain of about $17 million for Dayton Hudson In fiscal year 1979. The sale does not Involve department stores in the centers, both of which were opened last year.

Cash grain Minneapolis Attoclattd Pratt, from USOA Wnaal raccipll Monoav 30), year ago 727, spring whaal cath trading baiit unchanged, oncat down llctnhv No I dark northarn 11-17 proltin 4 Tail weight oremiumi: iro to iwo cent! each pound SI to 40 lot, ona cam discount each i lb under 51 lbs Protein prlcet, 11 per cenl, 4.7P4, down HM; 12, 4 754, down ll'4, 13, 4 m. down ll, 14, 4 down I IK, 15, 4 714, down I IV It, 4 83 down im. 17, 417 down It No I hid Montana winter 12 percent, 4 73! nominal, down 1114. nmn No 1 hard winter 12 percent. 4 74t nominal down ll4 No 1 hard amber durum local 5 50 unchanged to up 10 centt, diversion 5 50.

unchanged lo up 10 lentt, d'icounli. amber I0-I5cenlt. Corn No 2 yellow lit V2MV down SV Oalt No 2 eora heavy while I II -1 17. up 1 7 cents Barley, cart 144, year ago 111, Vailing 6S Pi, larker 3 15 )25. unchanuwl, Beacon uncharged, Blue 00.

unchanged, teed No 2 Minneapolis 2 57 nominal UP 10, No 2 Duluth teed 2 70 nominal up 10. Rye No I plump 15 unchanged, No 2 3 13-3 15 unchanged lo up 5. Fa No 1 120, up 5 Sovbeaot No 1 veilow 1 down 21' t. Suntioweri Minneapolis no bid, Ociober-Novemher delivery 12.95, down 10, Duluth 15.50, up 25, October -November delivery 1)15, down 10 Chicago Wheat wet nominally lower Monday; batii un changed, corn was nominally lower, basis higher; roil car receipts were 406 719 rers, 011 were nominally higher, basil higher, soybeans were nominally lower; batit higher. Truck receioit wheal 1444 buthelt, corn 330.405 butheli.

soybeans 2 041 bushels Wheal No 2 nard red winter 4 52'in, No 2 inft red winler 4 72' in Corn No 2 veilow 3 (hooper) 3 03n (box) Oalt No 2 heavy 1 45Ln. 5ovbeant No 1 veilow I 33'm No 2 veilow corn Friday wai quoted at 3 12' in (hopper) 01 (bo. Livestock South St. Paul Monday Cattle Calves Hoot 5heep Today 1,500 200 7,500 200 Week ago 1,412 IS) 7,340 265 2 week) ago U20 237 7,703 177 Year ago 1,755 265 3,903 233 SOUTH ST. PAUL, Minn.

(API (USOAI Monday Cattle and calves 1 700, tmaii early week tuppiv Slaughter tteert, heitert, cowt and bulit moderately active, Heady, choice 2-4 I05O-I275 lb ileugMer iteert ,64 00 47 50. mixed good end choice 7-3 lOOO-1200 lb 65 00-44 00: good 1-3 43 00-45 00 choice 2 3 1200-ISM lb Holllemt 64 00 44 25; mixed good and choice 2-3 43 00-44 00, good 12 llOOISOO 60 00- 43 00, choke 2-4 9O0-1I00 lb slaughier heiteri 64 50- 44 00, mixed good and choice 2-3 aoo-1 100 ib 43 SO-44 50 good 1-3 7 50-1150 lb 41 00-43 SO bone and utility 2 3 slaughter cowt 52 50-55 50 tew 54 00, breaking uiiliiy and commercial 3 4 50 00-54 00. cutter 1-3 SI 00-54 00, canner and low cutter 1-2 41 00-51 00; yield grade 1-2 1400-2200 ilaughier built 44 00-70 00, 1000-1400 Ib 40 00-4 00, vealert Heady, choice and prima 140-250 lb 15 00-94 00, TOOd and choice 120-140 Ib eO 00-15 70-170 Ib 50 00 00, Molilein reolacemeni nailers 100-125 Ib 140 00 70 7 00. Hoistein bun caivet returned to country 100-125 lb 0 0O-120 00. Hogt 7,500, barrow! and gilll weak lo moillv 1 00 lower, demend very uneven with some untold al mldseition, 1 2 200-240 40 00 4100, early 40 SO to motllv 41 00.

1-3 240-760 Ib 19 00 40 50, 1 3 240-20 lb 37 00 39 50. 2 3 240-300 lb 35 00 37 50, sowl 50-100 higher; 1-3 300 4 so ID 34 00-34 SO. shipment around 400 lb at 35 00, boon over 300 lb 30 00 31 00 Sheep 700, tiaugrtrer lambs tteadv to tirm. sieughier ewet weak, leeder Iambi icarce. steady; choice and prime 90-110 ib spring sieughier lambs SIOO-42 00, 110-130 lb 50 00-5500.

utility and good siaugngrer ewet IS 00-70 00. few 22 00; cull 10 00-1500. choice and lencv 40-90 ft feeder lambs 45 00-75 00. Have not taken advantage of any part of the exclusion before this transaction. In contrast, the deferral Is available to home sellers of any age who buy another principal residence within certain time limits (generally 18 months before or after the sale).

There Is no minimum residency requirement on deferral. And there's no limit on the number of times you can use the deferral, with one exception: You can't use it more often than once In an 18-month period unless the sale is job-related. Here is how the two home-sale breaks work: The exclusion allows you to avoid the tax permanently on the first $100,000 of your home sale profits. The deferral allows you to postpone the tax on all your profit, no matter how big, If you buy a home that costs at least as much as the home you sold. If you buy a house that costs less than what you got on the home sale, you pay tax on the profit that goes Into your pocket and not into the new house.

funds Sail Buy MIFFd 714 141 MIF Glh 4.51 4 5 Mutuaiot Omaha: Amor 11.14 1144 Grwlh 4 02 4.37 Incom 9) Fr 14 15 43 MulShr 31.4 NL NatAvia 3011 NL Nat Ind 12 47 NL Nat Sacuritlet: Sail Buy Sacurity Fundi: Bond 9 33 9 5 Equly 419 SM Invatl 714 1.57 Ultra 12.24 13.il Santlnal Group: Baian r.31 7 ComS 1175 1214 Grwlh 21 1007 Saouola 23 23 NL Sanlry 1524 1459 Shaarton Funds: Appra 73 91 21 13 Incom 17 19 54 Invatl II 20 13.74 SHrra Gill 10 NL Sharm 25 70 NL Sigma Fundi-Caoil 1017 11M Invatt 10 32 11 21 Trull 197 9N Vanl 9 39 10 24 SBEo.lv 1121 1117 SB lo.Gr 13 99 13 47 SoGan In 12 44 12.03 Swinvt IM 1.71 SwInGI 5 47 591 Sovar In 11.9) 1104 SUH Bond Grp: Com St 4 47 41 Oivari 4 14 5.2 Progrj 4 90 5.34 SIFrmGt 7.31 NL SIFrmBlltOS NL StStraat 53 25 52 41 Siaadman Fundi: Am Ind 3 49 NL Balan 9 72 1041 Bond 4 )2 4 6 4 43 4 71 Dlvld Grwlh 511 426 Protd 7 15 7.71 Incom 54 613 LoRlv 100 NL Slock 1 )7 9 02 TikEnllii 1240 NELIfo Fund: Edull II 64 34 Grwth 11 12 12 IS Incom 17 91 14 03 Rl En 15 77 17 14 Cth Mg 10 00 NL Nauoergar Berm: Enrgy 1591 NL Guard 29 97 NL Libtv 4 39 NL Manhl 3.10 NL Pirln 13M NL Schul 1091 NL NawWId 11.15 NL NawtGI 1395 NL Nawt Inc 9 14 NL Nichnla 1173 NL Nomura 907 75 Nortatt 13 2 NL Alloc 1.00 tnvatl 1.19 Ocaan 154 NL NL NL NoStar SI Bnd Nuvton 07 NL NL 43 917 17 70 1313 Slain Ro Fdl: Balan II 40 NL ClhRl 100 Cap Op 13 75 Siock 13 21 Strat Glh 1 12 NL NL NL NL Omao On mm 1SN NL Opponnaimer Fd-Oppon 4 70 7 37 HI Yld 2) 25 24 93 inc Bot 1 37 9 15 Monat 100 NL Oom 2301 25 15 Spad 14 40 1594 Ti Fr 9 IS NL AIM 12.23 13 3 Tima I14i 17 52 OTC Sac 19.05 20 71 ParamM W.M Pann So 7 52 NL PonnMu IIS NL PhHa 1)7 915 PhoaCae 112 944 PnoonFd 2I 1017 Pilgrim Gro1 PiK Fd 12 il 13 60 MavC 315 4. IS Mag In 197 167 Pionaar Fund: Fund 14 05 17 54 II Inc 1001 1102 Plan Inv 1)31 NL piigrth 1115 125 Plltrnd 12.93 14.13 pric Fundi' Grwlh 1129 NL Incom 9 53 NL NErt 13 44 NL NHorlll047 NL Prima 1000 NL TlFr 9 70 NL Pro Fund 7 53 NL Pro Inc 10 01 NL PruSIP 10 42 11 Putnam Fundi Conv III 12 94 Div Dv 1 00 NL InlEq 13 14 14)4 Gtorg 13 01 14 30 Grwlh 10 95 1197 HI Yld 17 15 19 14 Incom 7 34 103 Invatt 7 SI 1 71 Oom 13 43 14 41 TaiE 23 23 73 14 Villa 13 41 14 64 Vovag 1301 1477 Ralnow 3 64 NL Ratarva 100 NL Ravara S94 NL SVttEot 1093 Salac Glh 12 .01 13 20 SIP Cap 9 15 9 73 SIP Glh 1003 1067 Scuddor Stavani: Com St 10 5 NL Incom 13 41 NL Intl Fd 14 27 NL Man 10 00 NL AAMB 9'2 NL Sawctad Fundi: Am Sht 2 05 NL Sol Sht 13.51 NL Survav 10 73 II 73 Tan Mod 70 05 31.91 TampiGt 5.M 140 TamplW 13.75 15 03 Tamp Inv 1 00 NL TrntCap 7 54 1 20 Trnilnv 14 3 TnvEq 117 1)01 TudrHd 157 NL TwnCGI 441 NL TwnC Inc 141 NL USAAGI 114 NL USAAInc 10 5 NL Urrl Accu 4 II NL UnltMut 9 27 Unl Cath 1 00 Union Svc Grp: NL NL Broad 1104 110 Nat Inv i 14 7 37 UCao U33 15 45 Unlnc 1154 12 44 Un.iad Fundi: Accm 4 7 7 43 Bond 173 7 )4 Con Or 94 10 Si Con Inc II 10 03 NL NL 774 35 10 44 114) Incom 9 25 10 11 Muni Scian Vang 940 9 79 171 7.41 144 7 41 UldSvct 3 04 NL Vllua Llna Fd: valLin 91) 1001 Incom 595 IJ0 Lav Gl 15 1 14)9 Sol 511 15) 6 70 Vane Sandart: Incom 1)42 1)7 klvnt 771 74 Comm 7 52 1 23 Soaci 17 94 14 14 Vanguard Group E.otr 1510 NL FI Ida 14 I) NL Ivatl 9 72 NL 37 10 10 1414 15 37 1040 11 21 15 04 14 27 14 SI 15.72 42 9 19 7 47 105 100 NL 1190 NL Morg 154 WShrt 1417 llrm 13 92 NL NL NL NL WLOng 13 60 rVaiitl 1117 NL rVamn 4.24 NL rYaillG 192 NL NL NL NL Lvnch: 110) 1149 15.14 157 WhMM 9.99 YVndtr 1037 Varln 4.J2 470 Viklnglnc I 00 L. WaUSI 1 14 7 41 VWInEq 11)7 NL Yfiiclnc 4 42 NL Wood Srrulharl: davag 131) NL Nauw 144 NL Pina 10 54 NL NL No ioad Itaiatcharoai 9.4) 100) 9 44 10 9 934 100 NL 41 9M 540 1 13 100 NL 4 1047 1491 NL 9 34 10 23 Meat futures CHICAGO (API Futurat Iradlng on In Chicago Marranlil cnanga Monoav, LIVI MIP CATTLI (4,000 IM) Nl Oon Migli Low Clot Ch Aug 44 30 44 40 65 60 65 40 1 50 Oct 45 0 4 5 90 44 40 44.40 1.50 Oac 4(20 44 20 47 00 47 05 1 45 Jan 49 40 49 40 41 45 44 45 95 Fab 704 0 7010 49 27 49)2 1 45 Apr 7110 71 0 7040 70 70 1 05 Jun 73 35 73 35 72 30 77 32 95 Aug 71 00 71 75 700 70 90 1 25 Oct 7110 71.10 70 35 70 35 1 30 Doc 72 00 72 40 71 75 71.75 45 6 It lalat talol Frl 27.942. Total ooon Intoiatl Frl. 54442, up 2.104 from Thur.

FIEDf ft CATTLB Aug 75 00 75 00 73 47 73 77 45 74 4 5 75.15 73 40 73 75 -1 10 Ocl 74 55 74 55 73 27 73 30 92 Nov 75 45 75 45 95 74 00 40 Jan 77 5 77 45 74 40 74 90 45 Mar 79 00 79 25 71 25 71 25 75 Apr 7S 90 79 00 71 00 78 00 90 may 7(90 79 00 71 25 74 25 .45 Ell MM: 3.444; to HI Frl 5,479. Total opon Imaratl Frl. 20,932, up (42 from Thurt. LIVC HOOI Jul 40 55 40 55 39 25 40 1.27 Aug 34 50 34 SO 35 75 35.12 7 Oct 35 05 35 07 34 02 34 07 1.03 Doc 34 55 3445 3517 35 95 1.12 Fab 40.30 40 45 39 50 39 50 1.10 Apr 40 40 40 70 340 370 1.00 Jun 44 40 44 40 44 02 44.25 .35 Jul 45 00 45 00 44 40 44 40 .45 Ell MM: Mitt Frl. 10,125.

Total opon Inlarail Frl. 30,534, up 1445 from Thurt. ICiO DOILIRS Jun 49 50 40 44 70 4 75 55 Jul 44 00 44 00 43 OS 43 12 43 Aug 44 00 44 00 42 7 5 42 47 1.13 Sw 43 00 43 00 42 55 42 55 .55 CXI 42 25 42 25 42 25 42.75 .25 Nov 42 40 42 40 42 10 42 10 .27 Doc 43.20 43 20 43.20 43 20 20 Jan 43 50 .45 Fab 44.50 SaM Frl. I7 Total opon Inlarail Frl. 1,543, up 10 from Thurt.

Gold and silver Vesierdes closing gold or let In London (dollars ear ouncel. 213 IS yesterday's doling gold price New York fcnyeinaro 214 14, New York silver price 1202 aT mfrmii t. tt 13 55 1)32 12 4 13 6S )M ))l Bro: 10 5)1151 II) 915 100 NL 9 S3 10 43 1 34 )02 14 44 L. 30 10 L. Co: 144 9 33 957 1044 1117 13 21 14 11 1541 Flnancl 1044 11 71 Gas man Continued from $600.

Smith, 41, had had high hopes for building a thriving business when he took over the station last fall. Located at a busy intersection, the business had dwindled as the long-time owner developed other interests and looked forward to selling out. "I figured the commercial accounts, which were running about $3,000 a month, were something to build on," Smith explained. So when the property was sold, he contacted the new owners and arranged to lease the station, signing notes for the equipment and Inventories. He expanded the hours, hired more people to improve service and began going after the commercial customers.

Within six months, he said, the commercial business had more than tripled, to about $10,000 a month, and the total volume had doubled, to about 2,000 gallons a day. "We were on our way," Smith said with a shake of his head. Then came the gas crunch. Smith found himself particularly vulnerable, for a couple of reasons. First, the previous owner had reduced his gasoline purchases from Phillips in order to seek a better price from a variety of independent brokers, which meant that Smith's allocation from the company was limited.

As his business began to grow, Smith managed to make contact with a supplier who took up the slack. But when the crunch came, the supplier was simply unable to help him. Then problems developed at one of the Phillips refineries. buys Texas linens firm Services, Minneapolis based textile leasing firm, an nounced Monday that it has bought the assets of Johnson Linen-Texas Garment Ft. Worth, for an undisclosed price.

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Call for private showing. Contact the KERR COMPANIES 870-4600 MAfQUSTT BUILDING Fourth Marquette Computer NOW 5 1045 New Keyboard NOW J895 PRINTER IN STOCK drop in for a demo of our latest Accounting System the Cromemco computer. 1 iith -e3 I Foreign exchange NEW YORK (API Fortlgn anchanga, Na York prictt Fpn. currancy Dollar In in douart Fgn currrnry Prl. Man.

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