Daily Press from Newport News, Virginia • Page 20

tlti Dividends tKMMt at Foreign currency ft aw tHM at (I mmmm wmmni Auto ffe M. MUM P.I tii tt imm 41 ewe) Mm Umm oj Oe-e Pa ta.wt ear yaeraaif to (titx) lwsal( AmIWH IK--1 Awal.M, es it i I'll 4SI 111 en I tiel I e.l inn tn taaM) I ft. Ml I tai Hum a) kw Ma I MiI I a laM-1 I. al tm I turn or; ft yr i mi int ii I lilt I I0DI ana mi HI an) I laat In I IVH I I IM4 IM1 I IMa I la Mat ua Meat la I uo I UJi in at mat ami aval JMI auM fr lajTfllal 4Wfi Hwi IKdtAtf 0 laar, Ian IPfCIAL Vvgau rr1 fotiua Armgr: iawawMj Arar IfMMIyl, amM filhtgrt Amayal tnlap iC tr 'W)y. MM Ca C.rii-ai Chum Caliariiw ftntp O.

a. MilKaM Cra4 W. Trovl I' l.wuv tauilv PrHllrwa Jatlaraanlik.PhJaJ 1 H) at aj ,1 at III 14 at mm it j-'inr'tir-rl" 'in tr ji hi a 0 At 04 tt 0 It 0 It 414 0 4i a All 0 Alt II 0 jW Alt 0 M) 111 Ait 0 AM 0 It 111 AH 444 111 tit aft 4 All At III All 0 4t Alt II 0 II All II All ATA Out All 41 4111 All A A) .04 All AH .0471 All 4 AH A 14 09 All 0 04 Alt III 015 Alt 4 A3 4171 Alt AM .11 Alt A 41 Alt II All All 0 .11 Alt Alt All II IH At .11 All AM I-1 Interest rates pull down confidence NEW YORK (AP) Con-lumrr confuiVnc in Marvh at An.rr.rani srrw wort conrernr4 about rising intret rates. th Ccwff rrnct Hoard said Monday. Th Conference Board ad its consumer confidence index fell to 117.7.

down from 1207 in February. Th index has a bas of 100. Despite the drop, the index remained at a relatively high level, noted Fabian Linden, an economist with the business-sup. ported research group. "There is.

however, increasing concern about interest rates," Linden said. Some 80 percent of consunv ers expect interest rates to rise during the next year," he said. Rising rates were of the greatest concern to homeowners and potential home buyers faced with changes in both conven-tional and adjustable home mortgage rates. The Conference Board said the number of Americans who plan to purchase a home was sharply lower in March than at the same time last year. on these things," ssid Andrew Mitrrus, a vint president at Kid.

d-r. IvaWiy la, in New York. There are at least six or aevrn rumors." said Marcus, from Disney buying them to an UiU" or leverage buyout "A hostile buyout appears to be highly unlikely." he said. "And it doesn't louk like a friendly sell will happen." Whether Bass is intent en a takeover, hostile or otherwise, was unclear, analysts said. "He has a history of being rumored to takeover companies." said Marcus.

"Anything is possible, but I am not betting on it," Noble said. In recent years, the Tribune board of directors has instituted a variety of procedures that would guard against hostile takeovers, said Martha Linde-man, Tribune manager of communications. For Instance, the directors sitting on the 15-member board are elected to staggered, three-year terms. Only five directors' seats are open at any one time, preventing a stockholder's takeover of a majority of positions, Lindeman said. Also, at least 80 percent of the company's stockholders would have to vote in favor of a takeover for it to happen, Lindeman said.

Stock Cenllaurd fftm BS ly.t PaineWebber in New York. H'i Wrn moving in the media tmitnrM for about a year," Nobt Mid. Bass has ttmk in Time Inc, and IWI Howell Co among ether media proposition. Nolle said. Last fail.

Bast Group made a S3 billion takeover bid of Mac-millan a publishing and information services company in New York, that he later drew. In November, Bass purchased a minority share in the St. Petersburg Times, a 104-year' old Florida newspaper. Tribune Co. owns the Daily Press and The Times-Herald, which with more than 680 em-ployees is among the top employers on the Peninsula.

Tribune also owns newspapers In Chicago, New York. Orlando and Fort Lauderdale, and two papers in California; television and radio properties, including WGN of Chicago; newsprint mills; and the Chicago Cubs. Although a potential Bass stock purchase has fueled rumors of a Tribune takeover, analysts said a buyout was unlikely. "But you can never say never Canada mangy) saduv fcaa h-d One iPeaat C.iaman tPaaal tiin.au a tiuan) I ro lauoal INuMI pimmm twaval Frame It-famil 0. M.

IOhkimimjI Man Kan llwtv I indHi inuaaal IndnaMj twiah, 1. ahKMl IPimfl laroa lUatKl Hal (t-wal Jaatm (van, kov twt 0 4t hMj Nail fw Jo. dot (UIMK, Kmmrt lUinarl Laoonon (Ptxw1 Malay, 10 (Blnwltl fPatai N.mrlrxH lUulloart N. aaionrl tDolto Norway (Kranal aokinon lyaa) Paru I inn i (Paw, Portugal (ifcuaat touai Arae miyoil linaaora (Dallor) ta. Koraa iwonl la.

Alrico IBoixJ) fcin (Pawiol Iwadan (Kronot IwiuarlraJ (Prone) XXMy had to-dov rvrd Taiwan (NT It Tiioliand (Bono Turkay (Lira) U.A.E. (Dlrhom) f-Uruouav (Paw) I-Vaniual IBolwor) W. Grmnv (Mark) KMay twd UMm Iwd 90-oav Iwtf Nuvaan CA Muntlne Nuvaan A Drwaivol Nuvaan iVmaiinc Muvaan Wunival Nuvaan NV Muniinc Nuvaan NV MunlVI u.fn PrmMurt Production Oaar Prwdan Inlarmlnco Prudan tlratine t)AC Inram Pd liarro PocHatour ItarMn Cnam Unllad tavart WlrwiOUl liar HVlnnDlil llarat WlnnOl.l I IO 4 X-Ull inc nm I aj I Jul IM) 4 ill IU4 1" MI UMlat IX I IM IM 11 at 0. rt ltd HU )OMl Han't I IT. ra III.

at lii i tmt km ton tiM I auaf I 0' atmll law It IMa It ou'ui mat mat O0l.ll aD'Ul 1)1 111 at .00 'Ut la) It 111 It OO'mu OO'HJ 1)0 it Ilea I aval I tut lull luu -wmC Mono .01 1 09 tat OS 1J laal l0 OOMH 1W 00 JJVJ oa utt I IX) I lUf Am Ji0 lt' I tnt tl tl'W WI4 Mil 1141 It 10 OOC-1 000 IV) 1541 09 IMI 00 UI10HO))1HO) OOMffl IM 09 IM 10 1 7M0 SOtt HO) I MIO WK tat at mt .4000 i iiw 11400 II7.M 1171 4 4171 4 4JJ0 1.4411 1.4409 .4041 I tlVt 1. 4643 Jl .4067 lUX 144U .4141 IIM 1441) .0141 0J4t 17 20 17 .01417 IS 40 15 40 .000 S04 177 00 177.00 .1717 J.4700 71 .003000 .001000 500 00 500 00 .0171 .017 14 0000 J5 W0 .5171 I MIO l.tv.5 .5133 1.0751 l.tat .5350 .5113 1.141 I.M1I .5344 .5330 I.Ult 1.1741 .000111.000121 MM.J3 1147.11 Continued from B5 percent for three year loans and 6 9 percent for four-year terms, t'hrysler'l 10 9 percent Interest for five-year loans is 1 percentage point more than Ford's and UiS'i deats. The automakers also increased their cash rebates, which vary from vehicle to vehicle. Chrysler'! program runs Indefinitely. Ford'i expires May 31 and GM'i runs out June 5.

Chrysler's plan includes all the car lines it sells and all but one of its pickup trucks, a full-size diesel-powered vehicle. About half of the Jeep models qualify, but some of the most popular models don't. The Incentive war comes on the heels of unexpectedly low early 1989 sales and inventories that have been causing some worry, but no panic, among automakers. Each of the Big Three automakers set ambitious production schedules for the first few months of this year, and there are no large-scale moves to curtail them yet. On Monday, Bidwell said a driving force in slashing financing rates and increasing rebates was to help the No.

3 automaker avoid cutting production. Other reasons included pressure by the Ford and GM moves and, Bidwell said, "We believe Americans want to buy cars and buy cars right now." Car and light truck sales through the first 80 days of 1989 have been running 5.4 percent behind the same period last year, the second-best in the industry's history. Typically, March and April are strong sales months as Americans look forward to summer vacations and weekend driving trips. Sales figures for the first quarter of the year are due out Tuesday. Money market NEW YORK (AP) Money ratt for Mrmtoy at of Yugoslav (Dinar) ECU Europton Currency unit, a Ootkal of Europaan currncll.

Th Fdral Retarv Boord't lndx maoturlng rh valu ol lh dollar ooalnsl 10 olntr curranclat walohlad on th bails ol trad wat 97.47 Monday. oH 0.40 polnlt or 0.41 parconl Irom Frldoy't 91.07. A yor ogo th Index wat tt. 3S. C'commorcial rat.

d-lr marktt rot. Mlnanclol ral. y-otflclal rat, i-iioatlne ral. r-rvltd. Tax 4 30 os reported ov Teieroie Svtttmt inc: Ttrol lnlrtt rot fetdvx: t.7IJ Prim Ral: 11.50 Dltcounl Ral: 7.00 Broker coll loon rot: 10.SfMO.l7 Pdral funds morxel ral: High 9 9)75 low 9475 last 9 9375 Dealers cpmmtrclol paper: 30-HO davt: Commercial paper Or finance company: 30-270 41-4 40 onkert occeeronces 4arr micbIVmii: 40 days, 9 11 90 ddvt, 9.82 120 davt.

945 150 davt, 9 85 180 davt. 1.85 Certificates of Deposit Primary: davt. 9.83 90 days, 9.87 180 dayt, 10.20 1 year, 10.00 Certificates of Deposit by dealer: 60 davt, 10 00 90 days. 10.05 120 davt, 10.15 150 days, 10.30 180 davt. 10.40 Eurodollar rates: Overnight, 9.75-9.175 1 month, 9.875-10 3 montht, 10.0425-10.1875 months, 10.3125-10.4375 1 yor, 10.6875-11.8125 London Interbk Offered Rat: 1 10.25 months, 10.50 Treasury Bill auction multt: 3-month as of Apr.

3: 8.87 6-month os of Apr. 3: 8.84 Treasury Bill, yield oo lusted for constant maturity. 1-year, as of Apr. 3: 9.71 Tras. Bill morkt rat, 1-year: 8.89-8.87 Treas.

Bond market rat, 30-vear; 9.09 Frl. Money-market fund: Merrill Lynch Ready Assets: 30 day avftrag yield: 9.02 should have," he said. Sandra Herson McMullan, lobbyist for the National Association of Independent Colleges and Universities in Washington, said not-for-profit corporations are under attack from small businesses because the not-for-profits are hiring professional business managers who are more aggressive at making money for the organization. "We're getting beat up for it, but a lot of it is just good management," McMullan said. Nonferrous metals NEW YORK (AP) Spot nonferrous metal print Monday.

Aluminum .1800 per pound, NY Com toot month Mon. Copper 11.4510 a pound, U.S. Cupper 1.2490 cents per pound, NY Comex tool month Mon. Lod 35 cents a pound. Zinc 95 cents a pound, delivered.

Tin Metals Weak composite prlc pr lb. Gold S315.45 Handy A Harmon (only dally quote). Gold per troy oz NY Comox spot month Man. Silver $5,790 Handy Harmon (only dally quote). Sliver 15.784 per troy NY Comex spot month Mon.

Mercury S325.OO-S335.0O per 76 lb flask, New York. Platinum S521.00-S523 troy N.Y. (contract). Platinum S527.70 N.Y. Merc spot per troy oi.

Mon. NOTE: n.q.-not quoted. posed changes may not seem fair to the not-for-profits, they would at least be clearer than existing laws, he said. As an example of how complicated the existing laws can be, Nelson L. St.

Clair president and chief executive officer of Riverside Health System, explained how his corporation established four wellness and fitness centers. "Our lawyers told me the wellness centers won't be exempt. I said file with the IRS anyway. They said it was a waste of time. I said 'I'm paying you, file "We got the exemption with no trouble," St.

Clair said. St. Clair said the wellness centers do not compete with health clubs the wellness centers sell health programs, while health clubs sell memberships. He added that competition from the Riverside wellness centers have forced local health clubs to improve their product. "Most have not gone out of business, and the ones that have Continued from B5 producing activities should be tax-exempt." The legislative proposal has not been introduced, but it has been discussed by the subcommittee for more than a year.

Among the provisions in the proposal, museums would pay taxes on sales of items costing more than $50 and on products sold through catalogs and satellite stores. CW's Longsworth agreed that some not-for-profits have abused the current tax laws. The foundation, which has about 4,000 employees and $135 million in annual revenues, operates 23 gift shops. Swain said the law, as it is now written, is so complicated that few of the nation's one million not-for-profit corporations really understand all the details. "The lines used to be black and white, now they are gray," Swain said.

Although the pro 4' W8 a. pendent station, WYAH Channel 27, was sold last week by Christian Broadcasting Network to a group of local businessmen. WTVZ, which has moved to fourth from fifth place in the ratings during the past two years, also shows movies and syndicated television shows. McFadden, who would own 100 percent of the station, said he didn't anticipate bringing in outside investors as partners with him. But that could change, he added.

WTVZ Continued from B5 station in the area. Our profitably is high. I'll just make sure we keep the fuel in the tank." WTVZ finished fourth in February's Arbitron ratings behind the three area network stations. Yet several of its Fox network shows on Sunday night beat the competition on both NBC and ABC in the ratings, McFadden said. Hampton Roads' other inde i I 1 i -1 a 1.

aa- JL Lls-4JB-? I NO PENALTY-VARIABLE RATE I JM tV 111 1 i II I' ''I A 'i Av- A SMaMMJNMIMWMMMp' t4- ia f- ACCOUNT 10.00 One penalty-free withdrawal aller 13 da vs. Additions of $100 or more accepted at any time. ariable rate to change on the 1st oTeach month. Rate guaranteed to go no lower than on balances If you've filed a.vay your IRA in some musty drawer, or in the back of your mind, now the lime to review your account. Though tax laws have changed.

IRAs sMI shouldn't be forgotten as a means for reducing taxab'e income and providing for a ta-she'tered rest cgq They include liquid accounts and var.abte-rate certificates that aHow you to take advantage of changing market conditions as v.e!i as long-term certificates and mutual funds that can he maximize your yield. IRAs a-e net a th.ng of the past. They're some-thing for the future: your retirement. And nee cur rates are some cf the highest in the area. that's something worth th.nk:ng about.

For mc'o step by any Investors of $2,500 or more. Compound continuously. 12 month term. BM.AMJ. MH 0 RATI.

S2SO0Orrc SIS 000 to 24 999 9 9 20 S2.S00tal4 999 9 42 9 ON 10.47 IM a I v.e IRA investment mi cp! ons. paying some of our rates tn yea's. 1 DOMINION I FEDERAL INVESTORS savings bwk i 7 MM fgT.