The Honolulu Advertiser from Honolulu, Hawaii on July 1, 1988 · 28
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The Honolulu Advertiser from Honolulu, Hawaii · 28

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Honolulu, Hawaii
Issue Date:
Friday, July 1, 1988
Page:
28
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A-28 Friday, July l, 1983 The Honolulu Advertiser Money Hilo's KHBC-TV says it's sign-off time Dow Jones Commodity Indexes WMfcFy vrgM Today's Briefing ... Bond prices up Bond investors bid up prices despite rising foreign interest rates and a reported $99 billion leap in the nation's 1987 debt, while soybean speculators crammed the commodity trading pits to buy on new fears of drought. In the bond market, a sensitive barometer of the economy and interest rates, the key 30-year Treasury bond rose about $6 per $1,000 in face amount and its yield declined to 8.85 percent from 8.92 percent late Wednesday. Market analysts attributed the performances largely to the strength of the dollar, which fell only marginally against some major currencies despite moves by West Germany, the Netherlands, Switzerland, Austria and Belgium to raise interest rates. The other big market news was in Chicago's commodity pits, where soybean and grain speculators drove up prices sharply, ending a two-day decline that was caused by rainfall on the water-starved farm belt. Their rush to resume buying came after the National Weather Service issued its latest 30-day outlook late Wednesday, calling for almost no rainfall in the critical areas. Factory Orders are new orders to a!! U.S. factories lor durable and nondurable goods. Adjusted for seasonal variation. 10 5 5. Ba-fl,BB; -5 "10 J J ASO NDJFMAM n a Down 0.6 Change by May market category 1988 Durable goods -1.9 Non-durables 1.5 Non-defense 0.8 Non-defense capital -5.9 SOURCE: U.S. Department of Commerce Knight-Ridder Graphics Network Factory orders off Orders to U.S. factories for manufactured goods fell 0.6 percent in May as a sharp drop in demand for aircraft offset strength in other areas, the government reported. The Commerce Department said factory orders declined $1.36 billion to a seasonally adjusted $217.97 billion in May. It was the largest one month decline since a 1.4 per cent plunge last August. Orders had been up sharply in the previous two months. rising by 1.5 percent in April and 1.6 percent in March. Analysts said the one-month breather would be good for the economy, giving factories more time to catch up with a backlog of unfilled orders. "Orders had been growing at an unsustainably high rate," said Cynthia Latta, an FOR SALE A PEARL CITY COMMERCIAL WAREHOUSE LEASEHOLD COMPLEX 76,914 sq. ft. Land 29,034 sq. ft. Building 6,500 sq. ft. Pad Area $4,000,000 9 Return based on 198889 stabilized income projection . Please Call: A E7 MONROE & 2 W FREDLANDER. INC. I 524-2666 NEED A BABY SITTER? Turn to Cloisifted! Desperate? Don't know where to turn? Calm yourself. Just turn to the "Situof ions Wonted" classified columns. List ed there you'll find people just looking for bobies to sit for. Dial Claitid i I, I I 1 1 , r f P35.93 IliM II IS 25 t 8 IS 12 2 4. Stay Juna economist with Data Resources Inc. of Lexington, Mass. "This is a welcome sign because it eases the pressure a bit on an industrial sector that is operating at close to full capacity." The weakness in May was confined to the transportation sector, which fell 10.2 percent to $28.2 billion because of a big drop in orders for new aircraft. Without this weakness, orders would have climbed a healthy 1 percent during the month. Analysts said orders were likely to jump sharply in June as aircraft demand rebounds reflecting large orders placed with the Boeing Co. The U.S. manufacturing sector is the star of the economy this year because of a boom in exports brought about by the weaker dollar. The setback in May came in orders for durable goods, items expected to last three or more years. They declined 1.9 percent, also the biggest drop since August. Oil prices fall Crude oil prices dropped to their lowest level this year in active trading. On the New York Mercantile Exchange, the contract for August delivery of West Texas Intermediate, the benchmark U.S. crude oil, fell 27 cents to $15.16 per 42-gal-lon barrel. It was the lowest level since Dec. 21, 1987, when the near-term contract also finished at $15.16. Oil futures prices fell on fears of a price war after Egypt announced it was lowering its crude export prices for the first half of July. John O'Connell, a senior analyst for Refco Inc., said Egypt's announcement made traders even more pessimistic about the oil price outlook than they had been in recent weeks. Traders have been worried that overproduction by the world's oil nations will continue to depress prices. Egypt's senior oil ministry official, Hammad Ayoub, said his country would reduce its oil export prices by up to $1.85 a barrel for the first half of July. Buyout approved Payless Cashways Inc.'s board of directors approved a $909 million offer from senior management to take the building-supply company private in a leveraged buyout. Management will pay $27 a share in cash for the company's 33.66 million outstanding shares, higher than the $26-a-share offer the group unveiled last week. Payless spokeswoman Maureen Burgess said the higher offer resulted from "negotiations between the special board committee and the management group" and included the settlement of "certain litigation." msmm ft I jt'fiSt KHBC-TV, an independent Hilo television station plagued with labor problems, was to go from "gray to black" last night after its owner decided to close it down rather than face continuing monetary losses. The station was to go off the air at midnight at the close of the broadcasting day. William Evans, station owner and lead personality on a morning show known as "Good Morning Hawaii," , said he was closing the facility down permanently because he was losing an average of $57,000 a month. Evans denied the station's recent labor problems figured into his decision. On Tuesday the National Labor Relations Nations money supply increases at mid-month Associated Press NEW YORK The two broadest measures of the U.S. money supply rose in mid-June, the Federal Reserve Board reported yesterday. The Fed said the measure known as M2 rose to a seasonally adjusted $3,018 trillion in the week ended June 20 from $3,013 trillion the previous week. An even broader measure, M3, increased to a seasonally adjusted $3,803 trillion from $3,794 trillion. The narrowest measure of the money supply, Ml, rose to a seasonally adjusted $778.6 billion from a revised $771.8 billion. Ml includes cash in circulation, deposits in checking accounts and non-bank travelers checks. M2 is Ml plus accounts like savings deposits and money-market mutual funds. M3 is M2 plus less-liquid accounts, such as certificates of deposit in American Stock Exchange From Page Marlton MarsG Mater MalRjh MatSci Mntri Miixphrm MtCIa n.M McRoc B Weflch s Media .40 MedPrp I.JO Mdcore MeJiq .12 Mern .60 MrchGp IV.elPro .25 MichStr Micron MldAm Midlnds.30 MlnPpl5 MsnRs n.40o MissnW .36 MtchlE .24a MoogB .20 MooqA .28 MMed MrgwtM MorgnF Mtgftrwt MlgPls.BOe Moll MtMed Muntn n.42e Myerl i.20 A-26 .. 20 a 3 42 5 .. 124 13 33 44 174 .. 32 6 10 45 5 2 24 2 27 585 9 22 13 7 13 148 20 6 4 4 16 22 12 455 16 2 32 47 7 27 .. 1300 1 t 10 38 71 NIPS PI4.25 NuHn .651 NuclDI Numac NvNVMn.0S 1 '.-4 3 '.a 5 , 7''.- U Hi 1' 6"a '. '9. . . . J'- la 15Va 5"- !. 14ia l 4.V.- " 7 '''A . . . . . 3 4' ' 15ta t- '.a B! 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S4 V I35i H 5-J 16'a 5- '.'4 17 5 45 7 1093 Ship Arrivals and Departures Friday, July 1 Agent Vassal From ETA ETO Berth Destination HML Navigator Seattle 8 a.m. -- 2A FLW King Bon 1 Mexico 8 a.m. S p.m. 33 HA Kinstio Maru 28 8 a.m. 32 Fishing HA Satsumaseiun Maru 9 a.m. 9 Japan HA Hoyo Maru 32 Fishing 1 1 a.m 32 HA Shinmei Maru 3 Japan 1 p.m. 32 MPS HakuyoMaru38 3 p.m. 10 Fish.ng HA Katsura Maru 38 -- 3 p.m. 10 HA OmiMaru - 5 p.m. 9 Japan MA Rgyal Accord 6 p.m. 52A Hong Kong BC Godfather 6 p.m. 1A Nawiliwili HPM Esperanza5 8 p.m. 40A Canada Dae Han Han Shin 1 Korea 8 p.m. 9A -- Board agreed to hear four unfair labor practice charges filed by the International Brotherhood of Electrical Workers, Local 1260. The union, which attempted to organize KHBC workers, alleged the employees were told the station would be closed if they supported the union. The union also claimed 17 employees were fired because they were sympathetic to the organizing effort. , Evans disputed that and said the workers .were let go in an austerity move. Twelve workers remained at the station as of yesterday. "We just aren't making the ends meet minimum denominations of $100,000. In judging its monetary policy, the Fed has indicated it is monitoring the value of the dollar, commodity prices and the difference between short- and long-term interest rates. It also has shifted its attention from Ml to the two broader money supply measures ... In other reports: The Federal Reserve Bank of New York reported commercial and industrial loans at major New York City banks fell $561 million in the week ended June 22, compared with a gain of $952 million a week earlier, The Federal Reserve said discount window borrowings from the Federal Reserve System, excluding extended credit, averaged $541 million a day in the week ended Wednesday, up from $498 million. 4VJ- i'rt.. 1 .. 8'i 11 PitDsm Pittway 1.80 PlyGcm .12 PneuSc .20 Polrln nJ.95e PopeEv PcrtSys Pprtage PostlPr .20 PralreO PralHtn PratLms.44 PrecsA PfdHlts PrpdLg PresR Bl. 48 Presd A. 10 Presid pt.48 PrcCm PrmPn.SOe Prism PrinDi n PrnDi un ProMed .42 : ProtCre PropCT 1.68 ProvEn 1.96 PSCol pt4.25 Pgt P1D2.34 QuakFb Quebc g.20 20 2 13 18 23 1144 1 .. 25 .. 20 38 9 51 19 13 15 3 .. 138 12 25 16 1 49 35 32 137 7 5 4 12 1 K5 ; , . 26 . 60 2 2 2 25 10 67 15 48 .. 225 25 48 1 II 19' 4 "j 99 Sa 15.4 1 7474 U 15'a 'a 5-16-1-16 1014 14 1,4- '.4 16 'a f V4 6 la l-'4 18'4 ',4 4"a 13 "a 3:a la 131-a- la 5 la 6- la '9 la 3?- 3' a la 3 a 3' a ... 4 Va Tfi la 20' '.4 33- la 42 la 25!- 'a 7 la 15- la 48 ... 26'.i- ! 15U... 6 25' 18','a.... .... 14'.i ' 4 I 117 7 II I63 u 94T lia 14 5Va 1700 46' 13 15' '.a I 13?- ' 12 12- 3 20 12's- 'J 107 24'4- 1 60 23 a 32 24. 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These and many other models available: Cash and Carry X NEC P9000 PORTABLE CELLULAR PHONE Battery Charger Extra Battery 1 Year Warranty NEW MODEL! ARA PROCOM 1800 MOBILE PHONE fW 1 Year Warranty 599 plus installation ELECTRONIC ENTER TA INMENT HAWAII'S MOBILE ELECTRONIC LEADER Pricing based on HCTC option 4 service Sale ends 71588 ble for Week average Ml in billions of dollars $780 r $770 $760 $750 $740 4 111825 2 9 16 2330 613 20 APR MAY JUNE Monthly average (billions) Monthly change M1 $770.1 unchanged M2 3,003.5 up $11.7 billion M3 3,780.1 up $13.4 billion Debt 8,528.7 up $59.2 billion SOURCE: Federal Reserve System Knight-Ridder Graphics Network The Federal Reserve said net free reserves totaled an estimated $586 million in the two weeks ended Wednesday, up from a revised $214 million in the previous two weeks. SDgo pfl SDgo pr2.47 Sandy Sanmrk .381 SayonO .Ofle Sbarro ScandF 1.30e Sceptre Scheib .36 SchoolP .32 SciV.gt .10 Scope .55 SiurRn 1.50 SbdCp .50 Si?amn .40 SecCap Selas Senitch StittCm n ShwdGp Shopco l.04e SierHS Siercn Sitco .20 SikesAs.16 Silvrcst Skolnk n SmtbA .80 SmthB .80 Sorglnc .I5e Sothby n SCEd ptl.02 SCEd ptl.06 SCEd pfl. 08 SCEd pll.19 SCEd pfl 45 SCEd PI8.96 SwBcp n.ljt Spartc s SpedOP Spellng Stage StdShr 1.25e Stanwd StarrtH Stepan .92 SterlEI Stertstt StrlSI p!7.20 StvGph n StrutW Sal wtY2 Sal wt93 Sal W1Y93 SumtTa 1.40 SunbNu Sunjr .48 SoprFd .38 Suplnd .25b SuprSr .50 SwftEng Swift pfT52r Synaloy SystEn 5 9 11 .. 126 7 27 22 32 32 73 35 lO'i- ' 26' J... 2'-..,. 4- ' 11-16 . 19 : 63... 3 1 1 Iji Week ended June 20 cl jij $778.6 billion T2Mdn .. 169 10' a 44 TIE .. 749 2' a Til II 2 TPAAm .. 148 ia 1-16 TRC . 1635 7la la TabPrd .20 14 25 15Va l Taiwan 9.11e 65 37Va 34 TandBs II 17 9l'a Va Tasty s.48 17 63 22 13 Team 15 45 8la U TcOpLn 15 75 u32l ll TcOpS n 10 498 34- TechTp 10 26 6 li Tecfitrl .72 10 3 25 Va Technd 10 79 l'i Vo TejnR OSe 168 78 26'.- la Telecon 13 62 2 la Teietlex .40 16 175 3o it TelDtas 42 237 30? 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UtMed .. 237 3'a Va USCeln .. 418 : 22 74 19 14 27 32 25 37 15 38 3 5 16 .. 314 13-m ' ull 6 ' 36-14... 16. . . 99A 4; 3 9 It 5 4 r 9'M .. . 2 - 'e 8 10M 8 -rt 2 3la 18"4 H 15Ja la 8 - ' 17 la ll'-a 11'a- -, II 3 13'-a 15- 'a 93 I. 2'- 'a 7 Va 3 ... 5Ji 'a 6 943.4 34 7'a ',4 7 'a 46. Va 9 10 ., 57 .. 18 20 12 30 61 10 184 3 6-4 1 40 va 12 129 .. 70 7 -. 55 .. 79 .. 21 54 19 3 14 66 II 244 13 14 10 164 26 35 229 15 4 12! lVa Va 2Va- la 3- la 8I4 Va 16 14 57-a- 1 17'a la 26'4 Va 16 '-J 27 '4 9l 7... . 7 la 4a .BOBb CPU, EGA CARD, MONO, 640K, 20 1750 KALAKAUA AVE. $1695 SILa PRICES GOOD I V'Walfif i'i Jlk id LATL8 STORE HOUKS1 ' TILL SATURnitY ON1.Y K, If ..I?" .U .-.T1 .?aj.l' 1 Year Warranty . QQ MOTOROLA 618 PORTABLE PHONE 3 Year Warranty Hand Free plus and antenna Honolulu 537-5316 MON-SAT 9AM-6PM here with income," Evans said yesterday, explaining that revenues averaged $13,000 a month, while expenses were $70,000. "It was time to put the tourniquet on and stop the bleeding." ; , Evans, who owns the coniDanv responsi advertising's Clio awards, said hfeK had funded the deficit out of his own poqK-et. v;. .': He said two Kona radio stations" he also owns, KKON and KOAS, would be not be affected by the TV station's problems. Herbert Takahashi, an attorney who filed the union charges at the NLRB, said he would file another charge at the NLRB if the station went off the air. , i Cheever sells i to Kapiolani i Kapiolani Health Care System; will acquire David Cheever Ma-: keting and operate it as an in-house advertising and mai' keting division. David Cheever, who has operated the firm since 1979, wihT become vice president of busk ness development. He will harv die planning, .educational products, consulling.T und-raist : ing and marketing. t-: Cheever said the in-hous; agency will absorb his formejv clients as well as handle paid: advertising for Kapiolani Medical Center for Women and Children, which is the primary subsidiary of Kapiolani Health Care. Other subsidiaries include a joint venture with Kuakini anqV-St. Francis hospitals to offer, joint laundry, clinical engineef-V ing and collection services; a-computer venture and participaV tion in a health maintenance or ganization called Pacific Health Care. UnitelV 8 92 7 V UNITIL 2.04 9 1 Jl - UnvPot . 226 5 Vi, UnoRst 23 5 10' la V x VHT .906 8 30 7l'a ia- VHTv.1 2 Va..-.. VST 1.30a 7 I6 VA..,.:- VTX ..5 4',a li- ValyRs.80 21 5 21-.4 .IV- Valspar.40 17 117 29Va Ja.. VangTe . 21 ,591 W- Veril .. 41 7la VtAmCS.40 12 86 22' 'A VtRsh .. 38 !Va Va Versar ' .. 21 6V'a Viacom ..782 24 4a Viacmpf3.87t .. 454 25..:.. Viatchs 15 20 131-! Vicon 21 5 5!e .'a- VislG B.30 12 69 10 la - VislGA.33 12 61 10! V- VulcCp.80 52 2 21 -'a - w WikEng 60 . ...J-.. WangB.16 16 2201 II i WangC .11 16 14 11' WrnCpt 12 165 5!... WsbPstl.56 18 8 5 205Va1li VVRIT 1.40 21 76 244 to WatscA.20a 12 S 7! Va Wtnfrd .. 191 2 Va Weblnv .40o .. 12 4. Weblnwt 2 1-16 Wedco .156 10 5 10' a V Weldtrn . . 157 u 7?l Weilco.25 6 1 16'- V WellAm 75 104 l'4 Va WelGrd 48 52 7-la Va VVesco.74 10 15 32!a U VVAmBs.40 37 37 14 4 WstBrC . . 21? 1' W Westcp 12 52 7Va i WOiuitl 9 786 15 V WstHlth 9 2l'a..-.".. WIRETI.26 tB 78 l' WichR n 4 9 7'a ! Wiener .24 , 28 14 11 ' WmFurn 8 12 8' Va V;inRsn 16 2 4' vi WolfHB 27 2 2Va- Va VVdstriTi.28 35 11 12 ..... Worthn 71 8 ..... XrxCu wt 67 1! la YankCo 2 214 Va !a MO WAKHANTY, FRfcE Pt-ACHTKtE ACCOUNTING. . u mmm 3303 MM! 955-7911 MOTOROLA 8000H Mi PORTABLE PHONE M 1 $699 installation and antenna TEE Aiea 487-1545 MON-SAT 9AM- 6 PM

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