The Times Herald from Port Huron, Michigan on March 6, 1986 · Page 20
Get access to this page with a Free Trial

A Publisher Extra Newspaper

The Times Herald from Port Huron, Michigan · Page 20

Publication:
Location:
Port Huron, Michigan
Issue Date:
Thursday, March 6, 1986
Page:
Page 20
Start Free Trial
Cancel

2D THE TIMES HERALD PORT HURON, MICH. Thursday Mar. 6, 1986 STOCKS NEW YORK(AP) Final Dow-Jane iveragei for Wednesday, March 5. Ooen High Low Close Che lMl.O 1696 40 1663.07 1886 M0 M 784.64 7W.M 776.13 785.57 1.39 163.73 164 45 160 56 182.45- 1.79 670.34 67S.61 662.30 670.96 1.Z3 SOInd DTtd 15 UU 65 Stk PaPL 1.56 JJV. H PenwKtn 49V4 PennzoJIM 51m PepBy s.20 284- H PepsiCo 1.78 77 V4 PerkEl .60 S3 Pfizer 1.64 5241 PhelpD 24H y, PhilaEll.20 19 v. PhUMr 4.60 103 PtulPt si i 10 Pilsbryl.72 66H 1 Pioneer 1.24 21 PitnyB 1.32 53 Pittstn 6 13S Poland 1 66 14 NEW YORK (AP) Wed. national prices for JfV - 21V- H N.Y. Stocks New York Stock Exchange issues. A A AMR 49H- H ARX 15 . ASA 2a 37V- AZP 2.72 AbtLabl.u73 1J4 Aetnli 2.64 604- AirPrd l. J7 - AlskAir .16 Alcan .80 AlcoStd 1.2 H- iPw 2.71 H- Vt AldSgn nlJ !? AUdSlr 2.X J AllisCh Alcoa 1.20 42 Amax 13 AmHes 1.11 23 Vi AHAr...,iS u. Aurand 4.0 "7" AmCan 2.9 75V.- J. ACyan 1.90 AElPw 2.2f - FrptMc 1.34 15- Fruehf.70 34 79 42 19 AHom?3.'li 70 Amrtrii 6 6113 AInGrp.44l!Wl AmMot ' 3- AmStd 1.60 AmStor .64 AT4T 1.20 ' J2 Ametekl g- J Amoco 3.30 5f AMP .72 39 Anacmp J Anchor 1.41 5- Anheus s."462 Anthny .441 1J- Archlin .14 ?7 ft Armco Jt, ArmWln 1. 1 Asarco 20 AshlOU l.S 42- AsdDG sl.4 AURich4 ?? AtlasCp Ausat 40 23 AvImC.6133- Avery ,68 g- Avnet .50 37-l Avon 2 31 Aydin 21 - -B-B-Bkrlntl.92 13 yJBaldU l BailyMf .20 19 BaUyPk 18 BltGE sl.70) 27- BncOn s 801 28V( BWJY2.28 59- BnkAm 16 Bausch .78 37 BaitTT .40 17 BeatCol.80 47 Becor .20 13 yjBeker 1 BelHwl .62 ta BellAU 6.80 U5 BeUSou 3.04 51 BenfCp 2 52 Vi BenetB 4- Besim .24 BethSU Beverly .32 BlackD .64 BlkHR sl.36 40- Boeing si a 53 BoiseC 1.90 52V, Borden sl.K 56 BorgWa .96 28- BosEd3.44 52 BristM 1.88 70 BritPt2.01e 32 Brnsw s.56 26V BurUnd 1.64 34 BrlNth 1.60 77 Burrgh2.60 65-l CBS 3 134! CIGNA 16 68 CNW 29- CPCInt 2.2u57l CRSS .34 13 CSX 1.16 35V4 CamSp slJ 53V taDUis.a248 V4 Caring g 41 8 V Car Pw 2.61 32- Carrol .10 6 CartHw 1.1 32 CasUCk 14 - CatrpT.50 51-1 Celanse4.8i86V 2 CenSoW 2.! 30- CnTlPS 1.64 23 CentrDt 514 Crt-teed .91 28 Chmpln .51 27 uiamsp m viuiru; yjChtwt Chases ChesPn2 GAF .20 67 GTE 3.16 50 Gannett 1.6! 88- GnCorp 1.50 73- gSTi32 75- GnHous.24 12 Gnlnst .25 GnMiUslX GMot5r GMtr E.40 GPU GnSignll. Gensco 3 GaPac.80 30- GerbPd 1.3! 39 GibrFn ,05e JJ - Gillette 260 - GldNug 13 Gdriciri.56 44 Goodyr 1.60 35 Gould .66 28 Grace 2.80 GlAtPc .10c 22 GtNNk 1.52 45 -1 GtWFin 1 42- Greyhl.32 34- Grumn 1 25 GlfWst.90 57- GlfStUt 1 12-1 H H Halbtn 1. 23l PSvCol2 PSInd PSvEG 2.84 PugetP 1.76 PuIUHn 10 36 -1 20 1 .12 19 Pyro 6 QuakOt 1.40 65- QuakSO .80a 24 Questar 1.72 27 R R RCA 1.04 (2 RLC .20 9 RalsPur 1.10 55 Ramad 9 Ranco .84 u22l RangrO 2 Raythn 1.60 u60l ReadBt .04 3 ReichC .80 37 RepAir 15 Reynln sl.4l 36 ReyMU 1 45 RiteAid .58 28 vj Robins 15 Rockwl 1.12 38 RohmH2.20 95V 1 Rohr s 34l Rorer 1.12 35 Rowan .12 5 RoylD3.29e 66 1 Ryder s.60 38 - Harlnd.f HrpRws Harris .1 Hecks .21 HeelaM .. Heilmn .4 Heini s.9l Herculsl Hereto 1. HewlPk .i Holiday 1 HoUySl Hmstke.3 HonweU 2 HCA .66 HotlIns2 Houslnt 1. Houlnd 2.1 HughTl . Human .71 39- 21 29- 11- 13 U241 35 44 U571 41-1 84- 121 -2 23- 73-l 37 20 44 30- 10 31- -I-I-IC Indl.44 42- 17 43 15 25- 3 IRT Pral.50 nrcpi mint 60 IdahoP sl.T. IdealB IUPowr 2.64 28V4 ImpCh2.28( 55 ImplCp 12 INCO .20 15 Inexco .071 2 14 19- 37 22 IneerR 2.6 InldSU .38) Intrfst.60 Intrlk 2.60 IBM 4.40 63 27 8 65 148-1 IntFlav 1.16 38 IntMin 1 32 V4 IntPapr 2.41 56 IntNrth 2.48 38 Ipalco 3.04 44 21- 49 29 - 1 Jewlcr JohnJn 130 .lraten 8.88 JoyMfg 1.40 25 K li-IC mart 1.40 39 KaisrAl .15j 17 Kaneb .10 3- KanGE 1.18 16 KanPU3.16 46 Katyln 15- KaufBr .50 24 KeUoe si 38 KerrMc 1.10 27 KimbQ 2.48 76- KnghtRd .88 49 Kopers .80 24 Kroger 2 45 8 8 - 56 20 LTV LearPt .20b LearSgl l,eaRnl s 40 LeeEnt 1.16 u?3l Lehmn 2.021 ivm LOF1.40 Lilly sl.80 uncnu 2 Utton 1.501 .80 2- 44 4? Cteyrn2.4 36 CluPnT 22V4 ChnsCr 58 Chryslr 1 57l Chryswi 38 CirCity .10 3714 Citicrp2.26 53 i ClarkE 22 ClevEl 2.64 27- Cloroxl.36 50 Coastls.40 36 CocaCl 3,12 94 Coleco 17 ColcPaJ 1.3t k tk ColUnd 2.50 69V, V, ColGas 3.18 Mvi- urnnun 1 35 Comdre 8 CmwE 3 3414 Comsat 1.20 38 ConsKd 2.68 40 CnsNG 2.64 46 ConsPw 12 CnUCp2.60 50- Contfel 1.80 28 uuau 22 Coopr 1.60 4714 ComGl 1.40 67V4 1 CrwnCk 87-l CrwZel 1 43 CumEn 2.20 77 CurtW 1.20 50- D D DanaCp 1.21 32 DartKr si .5 45 1 DataGn 38- . Dayco .24 19V ' LtayiMa .04 43 DaytPL 2 22 Deere 1 32 DeltaArl 41 DelEd 1.68 8 DiamS 1.3 114 dikimi leu 1 Disney 1.20142H Dsneywi 36 DomRs 2 39 DowCh 1.80 474 V uowjn Si MVt y4 Dresr 80 18 duPont 3 68 DukeP 2.60 DuqU 2.06 i8H- E E EastAir 8- EasKiF 1.3 24 EsKod s2 2 572 Eaton 1.60 75 EchJins.44 17 F.nirsEl 2.7 85 Enserch l.d 19 EUiyl s.64 38 ExCelo 1.7! 48- Exxon 3.60 52 F F FMC 220 87 FPUlp 1.X 29- Fairrhd .20 9 - Fairfd.20 12 Feders .06e 7 FedNM .16 31- FedDSt 2.5. 74 FlnCpA 15- FnSBar 12 Flrertn .80 25 FtBkSyl.7l53 -1 FBkFIal 39 FstChic 1.3 31 Flntste 2.5( 58 - Fstf'a 9 FWach nl 38 - FleetEn .44 30 FlghtSfs M 2v- 3 FlaPrg 2.21 35 - FlwUen 6 Fluor .40 17 J FonlM 2 80 71- 69 57 - 59 833 54-l 63-l 32 11 24 Lockhd Loews la LnStar 1.90 ULCo LaLand 1 liPnc M)h LuckyS 1.16 25 Lukens .48 14 M M MDU 2,72 41- MGMGr .44 17 Macml s.55 39 Macy 1.16 63 MagiCf 1.12 64 viManvl 6 MAPCO 1 39 MarMid 1.8t 48- Marriot .64 1392 MartM si 38 Masco .56 u52l MaseyF 2V4 Maxam 14 MayDStrl.l 66- Maytg sl.50 40- McDerl 1.80 162 McDnld.90 89 McDnD 2.08 79 McGrH 1.52 54- McKess 2.40 54 Mead 1.20 48- Mellon 2.76 60 Melvill 1.56 59 Merck 3.60 146 1 MerLyn.80 40 MesaP n 3 MidSUt 1.33' 11 MWE 2.76 34 MMM 3.60 96- MinPL 3.04 47- Mobil 2.20 28 MohkDt 2 Monsan 2.50 56 MonPw 2.40 33 Morgan 2.45 70- Morton .70 34 - Motorla .64 1 41- -N-N-NCR.92 NUnd .20 NWA .90 48 Nalco 1.20 NaU)ist 2.21 Natr'Gs 2.0 3JJ JJ NtGypsl.5:47 Nil .& 26 1 NtSemi 3H- Navistr J NevPw2.84 ?7- NEngE s 26- Newmt 1 J7- NiaMP 2.M 21- NorfkSo3.4 ?7- Nortek.08 22 NAPhil 1 J3- NoestUt 1.1 20 NlndPSl.4 W NoStPw3.5 58l Nortrp 1.20 l Norton 2 37- Norwst 1.81 33W 1 NutriS .08) 5 n 1 rt&A 74 34 20 37 36- SCM2 SPSTec .88 SfgdBs .30 Satewy 1.70 SaraLee 1.60 56- SCANA 2.24 32 SchrPlo 1.80 62 - Schlmb 1.20 29 ScottP 1.24 59- Seagnn .80 51- Seara 1.76 44- SheUT 2.52e 41- Shrwin 1 53 Shrwn wi 26-l Singer .40 47 Skyline .48 19- SmkB 3 83 - Sonat 2 28- SonyCp .17e 19 SCalEd 2.16 29 - SouthCo 2.04 22- Soutlnd 1.12 48-l SwBeU6 90 SwtPS 2.02 29 Sperrv 1.92 50 - SquarD 1.84 46 Squibb 1.76 892 SCaley .80 27 StdOil 2.80 46 SterlDg 1.2C 411 StevnJ1.20 S3 StopShp 1.11 41 1 SunCol 46 Syntax sl.l 51 Syaco.44 56 - T T TECO 2.36 S8- TRW 3 96-l yjTacBt 1 TaUey .20e 20 Tandy 40 Tndycft 15 Tektrnxl 60-l TeMyn 351Vii- Telex 631 Tennco 3.0 36- Tesoro .40 10 Texaco 3 28 TexEst 221 30- Texlnst 2 121 Texlnt 3 TxPac .40 24- TexUtil 1 S3 -1 Teitron 1.1 59 Thrifty .64 26 Tigerln 8 Timel 69 - TimeM l.X 58- Timken 1 44 Tokhmi.48 20 Tosco 2 Transm 1.8 37 Transco6 5 51 Tmwld .48 43 Travler X.li 53 TriCon3.66 29 Tribune 1 64- Trico.20 8 TucsEP 3 50 -U-U- UAL 1 56 UGI 2.04 26-l UNCRes 10 USFG 2.20 40 USGsl.92 65 -1 UCarb s 19 UnElec 1.8 23- UnPac 1.8C 511 UnBmd .01 24- USStee! 1.! 23- USWest 6.( 94- UnTech 1.4 52 - UniTel 1.9! 28- Unocal 1.21 22 Upiohn 3.0149 - USLffE 1. 41 UtaPL 2.3! 27 -V-V-Varian .28 28- -W-W- Wackht .60 26 WIMrt s.l4u3Sl WalUm 1.4 50- WrnCm .50 40 WarnrL I.5u521 WshWt2.4) 28 WellsF 2T, 77-l WnAirL . ul2V4 WUnion 8 WstgE 1.20 48 Weyerh 1.3 S4- Whirlpl 2 64 Whittak .M 25 William 1.4 23 WinDix 1.7 37 Winnbg .20 16- Wolwth2 67 -1 Wynns .60 16- -X-Y-fc- Xerox 3 70 ZaleCp 1.32 35 ZeniiliE 24 Major Area Stocks Allied Corp 49 .... uncg Champion Home 2 .... up Chrysler 57 ... upl Comm. and Savings . 43 45 Consumers Power . 12Y8 .... uncg Cross-Trecker 23 .... upVs Dennison 25 .... uncg Detroit Edison 18 -Vi Diamond Crystal 32 .... uncg Gannett 6878 Hercules 44Vi - Masco 52 ... uplVs Mich. Nat. Corp 34 -Vi Morton Thiokol 34 -V NBD 42V .... up NVF (Mueller) .... uncg Pentair 33 .... uncg Peoples Bank 21 . uncg Petrotech . uncg Sharon Steel .... uncg S.E. Mich. Ent 21 .... upV4 United Technology ... 52 -Vi w Bids and Ask Price Source: A. 6. Edwards and Sons Inc. and Buys, MacGregor & Co. Thumb Markets Navy beans $13.00 Red wheat S3.00 White wheat $3.00 Corn $2.02 Oats $1.05 Soybeans $5.1 Marlette Livestock Auction report March 3. 1986 Best beef steers $48.00-54.75 Fed Holstein steers 41.00-53.40 Utility & commercial cows 37.00-42.00 Canner & cutter cows 29.00-36.00 Best beet bulls 44.00-51.75 Prime veal calves 62.00-78.00 Best 100-120 lb. calves 50.00-97.50 Best lambs 60.00-63.50 Best hogs 39.00-40.50 Best sows 31.00-33.00 Feeder pigs 22.00-36.00 Feeder cattle 32.50-57.00 Holstein feeder heifers 31.00-35.00 Dollar-gold LONDON (AP) The U.S. dollar rose on European exchange markets early today in jittery trading. Gold bullion prices edged higher. At midmorning, the dollar was quoted up from tne previous day s levels Europe against all maior currencies, ai though it had eased from sharply higher levels reacned in New York. Traders in Frankfurt noted an air of nervousness hanging over the market prior to a scheduled midday meeting by the policy-making body of west Ger many's central Bundesbank. They said the central bank council was expected to cut the Bundesbank's di count rate what It charges commercial banks to borrow money from 4 percent to 3.5 percent. J101 OrclPet 2.501 25- OhioEd 1.92 I8V4- OklaGE 2.08 29- Olin 1.50 39 ONEOK 2.56 29 OwenC1.40 u48l OwenTU 1.80 84 Oxford .46 15- P4 PPG 1.76 60 PacGE 1.84 22- PacLtg 3.48 53 PacTele 5.72 87- Paclfcp2.40 33 PanAm 9 PanhECl.30 34 PantPr Ul21 Penney 1.36 66 - MARKET IN BRIEF NYSE Issues Consolidated Trading Wednesday, March 5 Volume Shares 185.431,580 Issues Traded 2,083 Up 718 Unchanged 390 Down 975 NYSE 129.65 Inde -0.10 S4P Comp 224.34 - 0.04 Dow Jones Ind 1.686.66 0.24 Obituaries Gerald L. Ross Gerald L Ross MARYSVILLE - Gerald L "Jerry" Ross, 47, died Tuesday, March 4, 1986, in Mercy Hospital. He was born Feb. 28, 1939, in Port Huron. He married Marilyn J. Lomasney Aug. 25, 1962, in North Street. Services will be held at 1:30 p.m. Friday in the First United Methodist Church. The Rev. Dr. . Richard D. Lobb of the church, and the Rev. Dr. Paul Blomquist of Orchard Lake United Methodist Church, Farmington Hills, will officiate. Burial will be in Riv-erlawn Cemetery. Pallbearers will be Brian Immel, Dave Meridith, Carl Kelly, Randy Vinande, Doug Porrett and John Bearden. Visiting is from 2 to 4 and 7 to 9 p.m. today in the Pollock-Randall Funeral Home, Port Huron. Memorials may be made to the First United Methodist Church or Blue Water Hospice. Dale A. Wolfe ALGONAC - Dale A. Wolfe, 37, died Monday, March 3, 1986. Services will be held at 11 a.m. Friday in the Bower-Rose Funeral Home, Marine City. Burial will be in Oaklawn Cemetery, Algonac. Visiting is from 2 to 4 and 7 to 9 p.m. today. Robert H. Ellis BETHEL ISLAND, Calif. -Robert H. Ellis, 69, formerly of Armada, died Tuesday, March 4, 1986, in Martinez, Calif. He was born Jan. 16, 1917, in Memphis. Mr. Ellis was a 1934 graduate of Armada High School. He was a landscape architect. He was a lieutenant in the U.S. Coast Guard from 1942 to 1946. He is survived by his wife, Peggy; one son, Donald; two daughters, Elizabeth and Laura Ellis, both of Santa Rosa, Calif.; two brothers, Clyde and Earl, both of Capac; and one sister, Viola Sutherland, Mount Clemens. Services will be held at 1 p.m. Saturday in the Tiffany-Young and Hauss Funeral Home, Armada. The Rev. Bob Thornton will officiate. Burial will be in the East Berlin Cemetery, Berlin Township. Visiting is from 5 to 9 p.m. Friday. Kasson L. Pecore LINCOLN PARK - Kasson L. Pecore, 81, a former St. Clair resident, died Wednesday, March 5, 1986, in Lynn Hospital, Lincoln Park. He was born April 26, 1904, in St. Clair. He married Edith Rouse in 1928 in Detroit. She died July 8, 1983. Mr. Pecore is survived by one brother, Melvin; one nephew, James N. Pecore, both of St. Clair; one niece, Barbara Williams, Whitehouse, Ohio; and several cousins. Services will be held at 1 p.m. Friday in the Merlin L. Trumble Colonial Chapel Funeral Home-Jay Street Chapel. The Rev. John Naile, pastor of the First United Methodist Church of St. Clair, will officiate. Burial will be in Hillside Cemetery, St. Clair. Visiting is from 7 to 9 p.m. today and from 9 a.m. to time of service on Friday. Ernest Jaekel PORT HURON - Ernest Jaekel, 69, died Wednesday, March 5, 1986, in Port Huron Hospital after a long illness. He was born Nov. 2, 1916, in Port Huron, and was a lifelong area resident. He married Leona Darby June 14, 1941, in Port Huron. She died Nov. 4, 1974. Mr. Jaekel retired from Grand Trunk Western Railway after more than 40 years of service. He is survived by two sisters, Mrs. Mildred Manore, Wyndotte, and Mrs. Emma Smith, St. Louis, Mo.; and several nieces, nephews, sisters and brothers-in-law, and cousins. Services will be held at 11 a.m. Saturday in the Arthur Smith Funeral Homes-South Chapel. The Rev. Dr. Richard E. Daniels of St. Mark's Ministry of Caring will officiate. Burial will be in Lakeside Cemetery. Pallbearers will be Frank Manore Jr., Michael Graver, Mark and Matthew Jaekel and Mike and Dennis Radatz. Visiting is from 2 to 4 and 7 to 9 p.m. today and Friday. Memorial contributions may be made to the American Cancer Society or the American Lung Association. Dr. Reginald H. Nelson PORT HURON - Dr. Reginald H. Nelson, 96, of 719 Tunnel St., died Wednesday, March 5, 1986, in Mercy Hospital after a short illness. He was born Nov. 29, 1889, in Samia, and has lived in Port Huron since 1939. His wife, Mary Onnie Nelson, died July 22, 1971. He was a veteran of World War I serving in the Canadian Armed Forces. He was a practicing chiropractor for over 60 years continuing his practice through October of last year. He is survived by two daughters, Mrs. Betty Lent, Marysville, and Lynne Nelson, Port Huron; two granddaughters, Maryanne Parmann and Martha Parker, both of Marysville; three greatgrandchildren; one sister, Mrs. Bess Carey, Howell; and one brother, D. Robert Nelson, Sarasota, Fla. Services will be held at 10:30 a.m. Friday in the Arthur Smith Funeral Homes-South Chapel. The Rev. Canon D. Roy Lees of Grace Episcopal Church will officiate. Burial will be in Riverlawn Cemetery. Pallbearers will be Gerald Parker, Richard Meadows, Harold Parmann, Thomas Nelson, Phillip Eldredge and Richard Davies. Visiting is from 2 to 4 and 7 to 9 p.m. today. Memorials may be made to the church. Ryan S. Brown CLIFFORD Ryan S. Brown, 24, died Monday, March 3, 1986, in New Orleans, La. He was born Oct. 26, 1961, in Marlette. Mr. Brown was in the U.S. Navy. He was a 1980 graduate of Marlette High School. He is survived by his parents, Ronald and Ann Brown; three brothers and sisters-in-law, Rod and Vicky, all of Clifford, Rory and Michele, Harrison, and Reed and Cathy, Marlette; three nieces; one nephew; special friends, Randy Turley, New Orleans, and Michelle Day, Ohio; and grandparents, Lawrence and Ella Brown and Grace Clothier, all of Clifford. He was preceded in death by his grandfather, Norris Clothier. Services will be held at 1 p.m. Saturday in the Marsh Funeral Home, Marlette. Burial will be in the West Burlington Cemetery, Silverwood. Visiting is from 7 to 9:30 p.m. today and 1 to 9:30 p.m. Friday. Memorials may be made to the Marlette High School Athletics. Arthur Curran PORT SANILAC - Arthur Curran, 85, of 7081 Huron St., formerly of Sandusky, died Wednesday, March 5, 1986, in his home. He was born April 21, 1900, in Watertown Township. He married Muriel Wilt June 9, 1925, in Yale. Mr. Curran was a member of St. John's Catholic Church, Peck. He is survived by his wife; one son, Frank, Port Sanilac; one daughter, Mrs. Edward (Helen) Jarmolowicz, Croswell; seven grandchildren; five greatgrandchildren; and nieces, nephews and other relatives. He was preceded in death by three brothers, Edward, John and Frank. Services will be held at 11 a.m. Friday in St. John's church. The Rev. Robert Shine of Peck will officiate. Burial will be in Mount Hope Cemetery, Peck. Visiting is anytime in the Hacker Funeral Parlors, Sandusky. A rosary will be said at 7 p.m. today. Lower interest sparks home refinancing rush For paid obituaries, call 985-7171 Monday through Thursday 7 a.m. to S p.m., Friday 7 a.m. to 9 p.m., and Saturday 3 to 9 p.m. Husband of missing Kresge heiress dies DETROIT (AP) - Donald DeArment, a suspect in the 1983 disappearance of his wife, Carol Kresge DeArment, died of cancer at a Detroit hospital. Oakland County Prosecutor L. Brooks Patterson said his death Wednesday would close the investigation into the whereabouts of Mrs. DeArment, 36-year-old granddaughter of the late Stanley Kresge, heir to the S.S. Kresge and K mart retailing fortune. She was reported missing Oct. 27, 1983. At that time, she and DeArment were in the process of getting a divorce. ADVERTISEMENT ArillOUIiCEMEUTS To place Entertainment, Club Meeting or Miscellaneouj Notices In thl column. Dial 985 7171 Ext. 326 INSIDE PORT HURON Hair Removal Electrolysis by Toni at McGillicuty's, 411 Quay, Port Huron 982-5511. New Baltimore 725-4414. NEW YORK (AP) - As interest rates for some home mortgages fall to single-digit levels for the first time in 7V4 years, homeowners are flocking to cut their payments by refinancing mortgages at the lower rates. Some lenders report a tripling of inquiries and requests for refinancing, as well as a surge in home buying, all sparked by the sharp fall in interest rates on traditional fixed-rate mortgages. "We've had craziness here like everyone else," said Charlie Fer-raro, an assistant vice president for mortgage marketing at Bank of New England in Boston, which is offering 30-year and 15-year fixed rate mortgages at below 10 percent. "People never thought rates would get down to single digits again. All the recent publicity has sparked a tremendous increase on the refinancing side," Ferraro said. Although individual cases vary because of differing fees charged by lenders for loans, the savings from refinancing can be substantial. For example, someone holding a 30-year, fixed rate mortgage for $80,000 at 13 percent would pay $884.96 a month. Refinancing the entire amount at 10 percent would cut payments to $702.06, a savings of $182.90 a month. Assuming closing costs for the refinancing totaled 4 percent, or $3,200, the homeowner could recoup the expense of refinancing in about a year and a half. The initial rate on adjustable-rate mortgages, which usually are offered at two or more percentage Gorbachev heads shuffle of Politburo MOSCOW (AP) - Mikhail S. Gorbachev added two members, including Washington's Soviet ambassador Anatoly Dobrynin, to the ruling Politburo today. Western diplomats expect Gorbachev, the Communist Party general secretary, to effect the widest-ever realignment of the party Central Committee, which nominally directs party activities between congresses, which are held every five years. About half of the 319 committee members named when it was last selected at the 1981 party congress under former President Leonid I. Brezhnev are expected to be replaced, as Gorbachev seeks to rejuvenate the party with younger blood and people in step with his campaign for higher productivity and tighter labor discipline. Gorbachev, the Communist Party general secretary, also eumbiated a pair of candidate members today who had been appointed by Brezhnev 81-year-old Boris N. Ponomarev and 85-year-old Vasily Kuznetsov. Two other hold-overs from the Brezhnev era kept their positions as full members of the Politburo. The Ukranian party boss, Vladimir V. Shcherbitsky, 68, and the party chief in Kazakhstan, Din-mukhamed A. Kunaev, 74, had been thought in some danger of losing their seats on the policymaking body, but were retained. Two new candidate, non-voting members of the supreme party body were also named in the new leadership list, read by Gorbachev and broadcast live on Soviet television. They are Yuri F. Solovyev, head of the Communist Party in Leningrad, and Nikolai Slyunkov, head of the party in Byelorussia. There was no word what responsibilities Dobrynin would assume on the Secretariat, which handles day-to-day Soviet affairs. However, his long experience in the United States can now be tapped by Gorbachev in Moscow to help formulate policy toward Washington. The 66-year-old diplomat, ambassador to Washington since 1961, first served as a counselor, then as a minister-counselor at the Soviet Embassy in Washington from 1952-55. A U.S. diplomat who commented on condition of anonymity said the American Embassy had not been informed of any change in the Soviet representation in Washington, but said it was expected that Dobrynin would move back to the Soviet capital. The diplomat said the U.S. Embassy would routinely be informed of any proposed successor for Dobrynin, who has been dean of the diplomatic corps in the U.S. capital since 1979, and has earned the respect of fellow diplomats as an able promoter of Soviet policy. points below fixed-rate loans, has averaged less than 10 percent since June, according to the weekly national survey of 1,500 lenders by HSH Associates, a financial publishing firm in Riv-erdale, N.J. But interest on fixed-rate mortgages had not come back down to single digits until the last several months, when some mortgage bankers and lending companies in scattered areas began offering rates below 10 percent. It has been the widespread move below 10 percent that has sparked recent interest in refi- ! nancing. "There's a big difference between 10 and 9," said Ronald F. Poe, president of the Mortgage Bankers Association of America. "There's bigger than a quarter-point difference psychologically. I think 10 was really the magic number." The Federal Home Loan Mortgage Corp. said that in the week ended Feb. 28 the national average rate for a 30-year, fixed-rate mortgage on a new home was 10.51 percent. However, a spot check of mortgage companies, banks and thrift institutions in various parts of the country found fixed rate mortgages below 10 percent widely available. A reflection of the trend came Monday, when the Veterans Administration reduced the top interest rate for VA guaranteed loans to 9.5 percent from 10 percent. Movie, Continued from Page 1D in too large a litter. The other characters are just zany types, not real personalities with laugh-provoking quirks. Richard Dreyfuss is adequate as Dave. Bette Midler's role as his wife is too limited: How can The Divine Miss M be superficial? The biggest problem is Jerry. Jerry-type characters change everyone for the better, and everyone resents it. The plot works when Jerry is an inspired madman, naive genius, good-hearted simpleton or wise fool. The humor is that most people prefer their old flaws, however outlandish, to new virtues a fact against which all Jerrys must adapt or batter themselves despairingly. But as written, and as played by Nick Nolte, this Jerry is merely a crafty beggar, manipulating his hosts to his advantage. They resent his intentions more than his effects. Jerry is unamusingly despic-. able. In case viewers miss the point, he urinates in the family gardens. No one will believe him saying, "I gave people what they wanted." This leaves audiences with nothing but brief laughs at characters' sudden turnabouts: the pliant maid becoming a Marxist sympathizer, the son accepting and expressing himself in the outer limits of sexual role ambiguity. Mike, who presses alarm buttons when things get out of hand, should have pawed a couple for director Paul Mazursky. "Down and Out in Beverly Hills," rated R to restrict viewers younger than 17 without accompanying parent or adult guardian, has obscene language, nudity and sexual scenes. It is at Huron Cinemas, Port Huron. Bill Bunn Is a Times Herald reporter. Jones Monument Company 3549 Stone at Holland Port Huron 982-2783 mm mm florist KUMAM FLOWERS WmXX FLOWEI SHOP xprcss Spnjatfy Arranged With Special Care UXUU'S FIDWtl SHOP susfiMtissr mnwivm

What members have found on this page

Get access to Newspapers.com

  • The largest online newspaper archive
  • 18,200+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Publisher Extra Newspapers

  • Exclusive licensed content from premium publishers like the The Times Herald
  • Archives through last month
  • Continually updated

Try it free