The Salina Journal from Salina, Kansas on October 15, 1996 · Page 5
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The Salina Journal from Salina, Kansas · Page 5

Salina, Kansas
Issue Date:
Tuesday, October 15, 1996
Page 5
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THE SALINA JOURNAL MONEY TUESDAY, OCTOBER 15, 1996 V COMMODITIES Exchange adds butter contracts Move expected to help those who face ups and downs of dairy prices By The Associated Press NEW YORK — Now they can make fudge. ! The Coffee, Sugar & Cocoa Exchange, not exactly known for dealing in health food, on Tuesday adds butter to its futures contracts fdr milk and other commodities. ;The butter contracts are designed to help dairy cooperatives, confectioners, bakeries and others faced with the ups and downs of dairy prices. These are not recipe amounts. The minimum trade is 10,000 pounds and minimum deliveries are: 40,000 pounds. '."This enables those (in the djdry industry) to manage the I»rice risk associated with commodities," said James J. Bowe, the president of the .exchange. "It en- 4bles (them) to have a much clearer planning horizon." Futures contracts are agreements to deliver a quantity of goods at a specified price at a certain time in the future. Options give buyers the right, but not the obligation, to buy or sell something at a certain price within a specified period. Trading in butter options begins next week. "' The casual chocolate lover or cappuccino sipper should view such investments as extremely risky. Anthony Chan, chief economist at-Bane One Investment Advisors in Columbus, Ohio, said small investors should consider mutual funds managed by knowledgeable firms. Smart trading, he said, requires specialized information "about the products. --••"The average John Doe doesn't J AUTO INDUSTRY Oldsmobile head plans ,to retire 11: > By,The Associated Press ,;LANSING, Mich. — John Rock, the tough-talking head.of General Mlotors Corp.'s troubled Oldsmo- bilfi division, plans to retire on Jan. 1 and will be succeeded by an executive from GM Europe. , Oldsmobile announced the ,60- year-old division chiefs retirement Monday. Rock, a 36-year General Motors veteran, will be replaced by Darwin E. Clark, vice president for sales, marketing and dealer service at General Motors Europe. Clark, 57, who has worked at GM since 1959, will take his new position on Nov. 1 and Rock will stay on to help with the transition. ,, ,During the past 12 months, Rock has said he intended to retire as the last of Oldsmobile's centennial models came to market. The divi- 'siqn's 100th anniversary is next year. ••• "When I came to Oldsmobile 4% years ago, the division lacked a product focus and vision," Rock said. "Today, both are firmly in place and people are thinking differently about Oldsmobile." . i.,Oldsmobile, like other divisions of General Motors, has been hampered by the aging of both its mod•el lineup and its customers. The average Oldsmobile buyer is 60 years old. Rock had said he ex' pected sales would continue to decline before they start to rebound around 1999. Ronald Zarrella, vice president .arid group executive of GM North .American Operations' vehicle •sales, service and marketing, (credited Rock with helping Oldsmobile create a new vision during the past few years. have access to that," he said. "It's one area where even experts find it very challenging." In the complicated world of commodities trading, futures and options are used by, for example, farmers or metal processors to transfer the risk of price fluctuations. The risk is shifted to deep- pocket speculators willing to gamble on making big profits. jriday Oct. 25,10:30 AM -12:30 PM Call for Free Hcket(s) 825-6273 comer of South & Clark, Salina SALE! We have lots of short rolls left from our Grand Opening Sale! Stop in and Check them out! On Select Carpet. See Store For Details. M&K Carpet Warehouse 833 E. Prescott • Salina • (913) 827-8755 Hours: Mon. & Thiirs. 9-7. Tiies., Frl. 9-5:30. Sat. 10-4 DOUBLE CHEESEBURGER Small Fries & Small Drink only &Kirwin 823-8066 12 MONTHS NO INTEREST & NO PAYMENTS!* BUY NOW! MAKE NO PAYMENTS & PAY NO INTEREST ON SELECTED GE, WHIRLPOOL AND MITSUBISHI PRODUCT JU MITSUBISHI 31" Stereo 2-Tuner Pict-ln-Plct Mon-Rec On-Screen Menu MTS Stereo A CS31505 C Easy Payments Heavy Duty undry Pair Come Help us Celebrate the Grand Opening of Our New Super Store In Amarlllo! Save Big While MidWest TV Grows, bringing You the Largest Selection and Lowest Prices on Top Name Brand Appliances & Electronics! All Stores are Joining in the Celebration and Passing the Savings on to You, Because... WHAT WE DO BEST...IS SA VE YOU MONEY! A MITSUBISHI 35" Stereo Mon-Rec * MTS Stereo On-Screen Menu CS35207 Easy Payments A MITSUBISHI A MITSUBISHI 40" Stereo Plct-in-Plct 60" Pict-in-Plct Direct-View TV Stereo Big Screen * MTS Stereo * 850 Lines Resolution * 700 Lines Resolution * MTS Stereo * CS40505 * VS6041 2498 P&J2799 25 Remote Color TV ' Remote Control ' Cable Ready •After Mail-In Rebate FREE! Whirlpool Bonus with Purchase^ WASHER * 2 Auto Cycles * 2 Wash/Rinse Temps DRYER * Heavy Duty * Energy Efficient M561 "After Mail-In Rebate WASHER * 5-Cycles * 2-Speed * 3 Water Temps RAB5232 Large Capacity Laundry Pair $ Extra Large WastelDeloxe Laundry Pair 35" Stereo Picture-in-Picture Mon-Reer * Picture-in-Picture * Rich Stereo Sound * F35673 *After Mail-In Rebate SONY 32 2-TunerPict-in-Pict Stereo Mon-Rec $ WASHER 6 Wash Cycles 3 Water Levels • 3 Wash/Rinse Temps Easy Payment Plcture- In-Picture WASHER * 7-Cyles * 2-Speeds * 3 Temps * LSR7233 Free! '200 Accessory Package with any Camcorder Purchase •699 & Up! 599 FOR THE PAIR! DRYER :,; '• Auto Dry Control ' 2 Heat Selections Large Capacity DVLR223 FOR THE PAIR! Easy Payments Huge Vegetable Bin Butter Compartment Freezer Door Shelves TDX9 DRYER ' Heavy Duty ' Large Capacity ' 4-Cycles * REX4635 ' 3 Drying Temps '2-Tuner Pict-in-Pict * MTS Stereo ' Remote Control * on-Screen Displays •KV32V16 Pro 8 Compact Camcorder Variable Speed Zoom Simplified Operation * PRO800 -Alter Mail-in Extra Large Capacity Washer/Deluxe Laundry Pair DRYER 4-Cycles 3 Drying Temps Large Capacity LER4634 FOR THE PAIR! Easy Payments Capacity Washer/Deluxe Laundry Pair 15:1 Zoom Camcorder * Compact Remote Control * Programmed AE 15:1 Zoom ES100 „ 8mm Camcorder with 3" LCD Color View Screen ' Instant Playback with Built-in Speaker so You can See and Hear What You've Just Recorded! WASHER Giant Capacity 2-Speeds 8 Wash Cycles 3 Temps WJSR2080 $ 498 $ 549 * 'After Mail-In Rebate President's Choice VHS-VCR <H * Cable $ Ready * FacReman 4-Head Hi-Fi Stereo VHS-VCR * Hi-Fi Stereo A " Center Load J) Design * VR4205 4-Head Hi-Fi Stereo VHS-VCR * VMS Hi-Fi Audio'HSU410 * On-Screen Programming Free! 100 Loads of Wisk & Snuggle! ..' .-N DRYER Auto-Dry Control 5-Cycles 4 Heat Selections Large Capacity DBXR453 FOR THE PAIR! Easy Payments KltchenAidL Extra Large Capacity Laundry Pair WASHER DRYER * 5-Cycles * 4-Cycles * 2-Speeds * 4-temps * 3 Water Levels * Extra Large Cap * KAWE577 * KEYE677 Less KitchenAid Mail-In Rebate $ 898 - $ 5O FOR THE PAIR! After Rebate Capacity Washer/Deluxe Laundry Pair WASHER ' 12 Cycles DRYER Auto Dry Control 7 Cycles 4-Heat Selections DPSQ473 * FOR THE PAIR! O ) 'After GE S 50 Mail-In Rebate Under Counter Dishwasher Normal Wash Cycle Air Dry/Heat Dry RUD1000 ' 3 Wash/Spin Speeds " 4 Wash/Rinse Te 4 Wash/Rinse Temps •WPSQ3120 25-Disc CD Changer Rack System * Remote * 200 Watts * 30 Station Presets * D2200 pf osture-Rest Mattress Sef\ /"Basset! Captiva r Special Purchase! ' Mismatched mattress set with Lux- * 312 Colls with 5-YR Limited Warranty urious cover for durable comfort Twin Set Full Set $ 88 $ 119 Queen Set Kin&Set *Tl9*159 Queen Set King Set 199 $ 279^ \Vhirlpool f 8 Cu.R. and Feature packed! * Egg Storage * Full Width Adj Shelves * Vegetable Bin •ET18SK $ 344 Only S 25 a Month!' HOTPOiNTfri 21 Cu. Ft. Frost- Free Refriq * 220lb Capacity Freezer * Adjustable Shelves * Spacious Crisper * Dorr Storage 'CT21LAX $ 467 )nly'25 rfonth!' Ice in Door! """"\vfin ""** Free! Water Filter with Selected Purchases! I 22 Cu. Ft. Ice Dispenser Refrig * Ice in Door * Door Storage * Meat Pan with Adjustable Temp $744 'After Mail-In Rebate 25 Cu. Ft. Ice, Crushed ice & Water in Door * Adjustable Glass Shelves * Gallon Door Storage * Ice/Water in Door * TFX25JRY M098 Easy Payments Mattress SeK • Luxurious pillow top on both sides, 15-yr non- prorated Warranty Twin Set Full Set •199 $ 259 Queen Set King Set *299 $ 449 *12 Months No Interest available on Selected GE, Whirlpool and Mitsubishi Products through separate financing arrangements at 21% APR, with approved credit. If prepaid in full within 12 Months, interest is rebated by store. Monthly Payments based on Mid- West TV Revolving Credit Card at 21% APR. Lifetime Price Guarantee excluded on mail orders. Limit One Sale Item Per Family. Some items have Limited Quantities. Not responsible for typographical errors. Open Sunday 12-6 Mon-Sat 9-9 TV & APPLIANCE N Mid Stale Man Magnolia Road 2545 Market Place Salina. K». 67401 acrolt Iran Mid Slot* Mil ill

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